Regulatory Alerts2021-10-15
Instruction No. 2021-I-11 of October 15, 2021 amending Instruction No. 2016-I-16 of June 27, 2016 regarding prudential documents to be communicated by entities subject to ACPR supervision under the Solvency II regime
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2021-I-11 to amend the prudential reporting framework for entities under the Solvency II regime. The amendment introduces a new reporting template, FR.30.01, specifically for the valuation of real estate assets, and replaces Annex A of the original instruction. These changes apply to reporting periods ending on or after December 31, 2021, for electronic formats and December 31, 2022, for XBRL formats.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2021-I-11 amending Instruction No. 2016-I-16 of June 27, 2016 regarding prudential documents to be communicated by entities subject to ACPR supervision under the so-called "Solvency II" regime
The Prudential Control and Resolution Authority (ACPR), Having regard to the Monetary and Financial Code, in particular Articles L. 612-2 and L. 612-24; Having regard to Council Directive 91/674/EEC of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings; Having regard to Decree No. 2021-1248 of 28 September 2021 relating to the valuation of real estate assets of insurance companies, mutual insurance companies, provident institutions, and supplementary professional pension schemes; Having regard to the Insurance Code, in particular Article R. 343-11; Having regard to the Mutual Insurance Code, in particular Article R. 212-11; Having regard to the Social Security Code, in particular Article R. 931-11-1; Having regard to Instruction No. 2016-I-16 of June 27, 2016 regarding annual prudential documents to be communicated by entities subject to ACPR supervision under the so-called "Solvency II" regime; Having regard to the opinion of the Prudential Affairs Consultative Commission of June 23, 2021,
DECIDES
Article 1: Article 2 of the aforementioned instruction is hereby amended as follows: At the end of Section I, the following paragraph is added: "FR.30.01 – Valuation of real estate assets"
Article 2: Annex A of the aforementioned instruction is replaced by Annex A of this instruction.
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Article 3: Article 1 of this instruction applies in electronic format for collections due for financial years and quarters ending on December 31, 2021, and in XBRL format for collections due for financial years and quarters ending on December 31, 2022.
Article 4: This instruction enters into force the day following its publication in the Official Register of the Prudential Control and Resolution Authority.
Done in Paris, October 15, 2021
For the Insurance Sectoral Sub-Committee The Vice-President, [Jean-Paul FAUGÈRE]