Regulatory Alerts2010-03-08
Instruction No. 2010-07 of the Banking Commission amending Instruction No. 2000-09 on information regarding the anti-money laundering and counter-terrorist financing prevention system
The French Banking Commission issued Instruction No. 2010-07 to amend reporting requirements for investment firm branches located in other EU or EEA states. The amendment mandates that these branches submit specific financial tables, an internal control report, and a detailed activity description to the Commission annually by April 30. A transitional provision allows for a delayed submission date of August 25, 2010, for the initial report under the new rules.
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