Regulatory Alerts2012-11-13
Instruction No. 2012-I-06 of November 13, 2012, Regarding the Composition of the File for an Amendment to a Substitution Agreement
The Prudential Control Authority issued Instruction No. 2012-I-06 to define the mandatory documentation required for amending a substitution agreement between mutual organizations. The regulation mandates the submission of a two-copy dossier containing legal approvals, financial statements, actuarial studies, and solvency margin calculations to the Authority's General Secretariat. These requirements ensure that all modifications to substitution conventions are authorized based on comprehensive financial and risk data.
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