Instruction No. 2010-06 on the Implementation of the Unified Financial Reporting System for Payment Institutions

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2010-06 on the Implementation of the Unified Financial Reporting System for Payment Institutions, as amended by Instructions No. 2011-I-18 dated November 23, 2011 and No. 2013-I-11 dated October 4, 2013

The Banking Commission,

Having regard to the Monetary and Financial Code, particularly Articles L. 522-1, L. 522-3, and L. 613-8;

Having regard to Ordinance No. 2005-1516 of December 8, 2005, relating to electronic exchanges between users and administrative authorities and between administrative authorities;

Having regard to the Order of October 29, 2009, from the Ministry of the Economy, Industry, and Employment, concerning the prudential regulation of payment institutions;

Having regard to Regulation No. 2009-08 of December 3, 2009, from the Accounting Standards Committee (CRC), relating to the procedures for preparing the accounts of payment institutions;

Having regard to Instruction No. 93-01 of January 29, 1993, as amended, relating to the transmission to the Banking Commission by credit institutions and financial companies of their annual accounts, prudential documents, and various information;

Having regard to Instruction No. 2009-01 of June 19, 2009, as amended by Instruction No. 2009-07 of November 30, 2009, relating to the implementation of the unified financial reporting system,

Decides:

Article 1

The following are hereinafter referred to as "subject institutions": payment institutions as defined in Articles L. 522-1 and following of the Monetary and Financial Code.

The following are hereinafter referred to as "hybrid payment institutions": those subject institutions that habitually carry out an activity other than the provision of payment services or ancillary services, in accordance with Article L. 522-3 of the Monetary and Financial Code.

Article 2

"Subject institutions" shall transmit to the Prudential Control and Resolution Authority the tables forming part of the Unified Financial Reporting System – SURFI – relating to the activity blocks defined in Article 6 of Instruction No. 2009-01 of June 19, 2009, and in accordance with the provisions set forth in this instruction and the technical documentation published by the General Secretariat of the Prudential Control and Resolution Authority.

Subject institutions are thus required to systematically submit, regardless of activity thresholds, the tables listed under the "common baseline" for submission.

In addition, each subject institution is required to submit to the Prudential Control and Resolution Authority all tables relating to a given activity block as soon as it exceeds the activity threshold(s) defined for each of them. The definition and calculation methods for these various activity thresholds are presented in Annex 1 to Instruction No. 2009-01.

The formats of the tables relating to the activity blocks are presented in Annex 2 to Instruction No. 2009-01. Their frequency and submission deadlines are indicated in Annex 3 to the same instruction.

Article 3

Subject institutions shall also submit, according to the modalities applicable to each of them, the SURFI tables: RESU_PUBL and IMPLANTAT, as defined in Article 7 of Instruction No. 2009-01.

The formats of the tables, as well as their frequency and submission rules, are respectively presented and indicated in Annexes 4 and 5 to Instruction No. 2009-01.

Article 4

Subject institutions shall submit a CANTON_EP table as presented in the annex to this instruction.

This table is submitted on a quarterly basis within a period of 25 calendar days, based on figures finalized as of March 31, June 30, September 30, and December 31.

Article 4 bis

Subject institutions shall submit a VOLUME_EP table as presented in the annex to this instruction.

The table is filled in monthly based on figures established on the last day of each month. Subject institutions shall send to the General Secretariat of the Prudential Control and Resolution Authority the filled-in table for each of the last three months, no later than the 25th day of the month following the end of the civil quarter.

Article 5

Hybrid payment institutions shall calculate the activity thresholds mentioned in Article 2 of this instruction and submit the tables mentioned in Articles 2, 3, and 4 of this instruction based on the perimeter of the payment service provision activity. This perimeter must be identical to that retained in the annex to the accounts published by the hybrid payment institution in accordance with Article 1321-1 of ANC Regulation No. 2014-07.

Article 6

SURFI tables shall be filled in in euros and submitted to the General Secretariat of the Prudential Control and Resolution Authority via electronic transmission in XML-WBRL format according to the technical specifications necessary for their processing, as defined by the General Secretariat of the Prudential Control and Resolution Authority. They must bear an electronic signature.

However, as an exception to the preceding paragraph, subject institutions may declare the information contained in the SURFI tables cited in this instruction on authenticated paper support signed by an authorized signatory, and in this case, complete this paper submission with the electronic transmission of data in the form of ".xls" files until the deadline of December 31, 2010.

Article 7

This instruction shall enter into force upon its publication.

Paris, February 15, 2010

The President of the Banking Commission, [Jean-Paul REDOUIN]