Regulatory Alerts2015-05-29
Instruction No. 2015-I-07 of May 29, 2015, regarding approval requests for the use of the transitional measure on the relevant risk-free interest rate curve
The Prudential Control and Resolution Authority (ACPR) establishes the procedural requirements for insurance and mutual organizations subject to Solvency II to obtain prior approval for using the transitional measure on the relevant risk-free interest rate curve. Regulated entities must submit a written application accompanied by a specific dossier via the ACPR's electronic portal before implementing the measure. Following approval, these entities are obligated to immediately notify the ACPR in writing of any substantial modifications to their initial application or any changes in their risk profile that could affect the calculation of the transitional measure.
Share