Regulatory Alerts2016-12-20
Instruction No. 2016-I-27 of December 20, 2016 amending Instruction No. 2014-I-13 of September 29, 2014 on the collection of remuneration information
The Prudential Control and Resolution Authority (ACPR) amends Instruction No. 2014-I-13 to refine the scope of entities subject to remuneration data collection and update reporting technical standards. The revision clarifies that reporting applies to credit institutions and investment firms with consolidated balance sheets exceeding 1,000 billion euros, while excluding specific small investment firms and financing companies unless part of a consolidated group. Additionally, the ACPR updates the reporting format to mandatory XBRL teletransmission and allows entities with no remuneration exceeding 1 million euros to submit nil returns.
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