Regulatory Alerts2023-10-23
Instruction No. 2023-I-19 of October 23, 2023, on Applications for Approval of Third-Country Credit Institution Branches
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2023-I-19 to establish the procedural requirements for third-country credit institutions seeking approval to open branches in France. The instruction mandates that applicants submit a complete application dossier using the specific electronic form provided in the annex via the ACPR portal. This regulatory framework implements relevant provisions of the Capital Requirements Regulation and the French Monetary and Financial Code to ensure prudent oversight of incoming branches.
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