Regulatory Alerts2024-05-31
Instruction No. 2024-I-07 of May 31, 2024, on prudential requirements for financing companies repealing and replacing Instruction No. 2014-I-10
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2024-I-07 to update prudential reporting requirements for financing companies and their parent companies. The instruction mandates the submission of FINREP, COREP, and specific risk tables, including new reporting on interest rate risk in the banking book effective for collections ending December 31, 2024. It formally repeals and replaces the previous Instruction No. 2014-I-10 to align with recent European regulatory amendments.
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