Regulatory Alerts2023-10-23
Instruction No. 2023-I-17 of October 23, 2023, repealing and replacing Instruction No. 2022-I-20 regarding information collection on remuneration for entities subject to Regulation (EU) 2019/2033
The French Prudential Supervision and Resolution Authority (ACPR) issued Instruction No. 2023-I-17 to mandate investment firms subject to EU Regulation 2019/2033 to submit detailed remuneration data. The instruction specifies reporting frequencies, consolidation scopes, and calculation methodologies for gender pay gaps, particularly for firms with over 50 or 250 employees. It requires annual submissions for general remuneration structures and triennial submissions for gender pay gap analyses using XBRL format.
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