Regulatory Alerts2017-07-10
Instruction No. 2017-I-14 of July 10, 2017, regarding the form for the appointment or renewal of a senior manager and the form for the appointment or renewal of the mandate of a member of a corporate body
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2017-I-14 to establish standardized forms for reporting the appointment or renewal of senior managers and board members. The instruction mandates that regulated financial institutions declare these changes to the ACPR, with specific exemptions for payment and electronic money institutions regarding mandate renewals. It also provides simplified notification procedures for renewals where no changes affect honorability or competence, replacing the previous Instruction No. 2017-I-01.
Share