Regulatory Alerts2016-06-27
Instruction No. 2016-I-18 of June 27, 2016, regarding the transmission of prudential documents to the ACPR by insurance and reinsurance undertakings not subject to Solvency II (repealed)
The Autorité de Contrôle Prudentiel et de Résolution (ACPR) issued Instruction No. 2016-I-18 to mandate the submission of prudential documents by insurance and reinsurance entities excluded from the Solvency II regime. This instruction requires regulated entities to transmit specific quantitative and qualitative information defined in prior instructions 2016-I-15 and 2015-I-33, utilizing ACPR-provided electronic templates for data submission. The directive specifies that submissions must be signed in paper format and sent via post, while quantitative data must be transmitted electronically in euros, with the instruction becoming effective upon its publication.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2016-I-18 regarding the transmission to the Prudential Control and Resolution Authority of prudential documents by insurance and reinsurance undertakings not subject to the so-called "Solvency II" regime
The Prudential Control and Resolution Authority: Having regard to the Monetary and Financial Code, particularly Article L. 612-24; Having regard to the Insurance Code, particularly Article L. 310-3-2; Having regard to the Mutual Code, particularly Articles L. 212-1; Having regard to the Social Security Code, particularly Articles L. 931-6-1 and L. 931-9; Having regard to Decree No. 2015-1121 of September 4, 2015, amending the statistical statements of insurance companies, mutuals, and provident institutions regarding supplementary social protection; Having regard to the Order of June 24, 2008, defining the procedures for transmitting data related to medical civil liability to the Prudential Control and Resolution Authority; Having regard to Instruction No. 2016-I-15 regarding annual prudential documents to be communicated by entities subject to ACPR control not falling under the so-called "Solvency II" regime; Having regard to Instruction No. 2015-I-33 regarding the transmission to the Prudential Control and Resolution Authority of quarterly statements by insurance entities not falling under the so-called "Solvency II" regime; Having regard to the opinion of the Consultative Commission for Prudential Affairs dated June 6, 2016.
Decides:
Article 1 This instruction applies to entities not subject to the so-called "Solvency II" regime within the meaning of:
- Article L. 310-3-2 of the Insurance Code;
- Article L. 211-11 of the Mutual Code;
- Article L. 931-6-1 of the Social Security Code.
Mutuals and unions governed by Book II of the Mutual Code that have concluded a substitution agreement for all their operations carried out under Article L. 211-5 are not subject to this instruction.
Article 2 The entities subject to this instruction mentioned in Article 1 must communicate to the General Secretariat of the Prudential Control and Resolution Authority the information: 1° Defined in the aforementioned Instruction No. 2016-I-15 of the Prudential Control and Resolution Authority; 2° Defined in the aforementioned Instruction No. 2015-I-33; The information communicated to the ACPR must be signed in paper format and sent by mail, as well as by electronic transmission in computerized format.
Article 3 For the electronic transmission of quantitative information, entities must use the computerized models made available by the ACPR on its website and submit monetary values in euros. The annual files sent by mail must be communicated to the following address: SGACPR UA2718 - SAGEMOA - GARU Pole Mail code: 066-2718 61 rue Taitbout 75436 Paris Cedex 09
Article 4 This instruction enters into application on the day of its publication. Done in Paris, on June 27, 2016 For the Insurance Sectoral Sub-College The President, [Bernard DELAS]