Regulatory Alerts2022-12-09
Instruction No. 2022-I-23 of December 9, 2022, on Information to be Transmitted to the ACPR by Land Credit Companies and Housing Finance Companies Regarding European Guaranteed Bond Labels
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2022-I-23 to mandate that French land credit companies and housing finance companies submit specific documentation to obtain European Guaranteed Bond (EGB) and High-Quality European Guaranteed Bond (HQEGB) labels. The regulation requires these institutions to provide emission program details, specific controller reports, and legal opinions regarding foreign law applicability to the ACPR Secretariat General. Furthermore, it imposes ongoing obligations for quarterly ISIN reporting via the OneGate portal, annual updates of controller reports, and immediate notification of any events compromising label compliance.
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