Regulatory Alerts2015-12-17
Instruction No. 2015-I-29 of December 17, 2015 on Reporting Minor Modifications to the Internal Model to the ACPR
The Prudential Supervision and Resolution Authority (ACPR) mandates insurance and reinsurance undertakings using an approved internal model for Solvency II capital calculation to report minor model modifications quarterly. These reports must detail quantitative and qualitative impacts and be submitted to the ACPR's General Secretariat within progressively tightening deadlines ranging from 14 to 11 weeks after each quarter's end. This instruction, effective January 1, 2016, ensures ongoing regulatory oversight of internal model changes through structured reporting procedures.
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