Regulatory Alerts2023-04-18
Instruction No. 2023-I-05 of April 18, 2023 repealing Instruction No. 2020-I-10 of July 15, 2020 on the reporting of prudential financial information related to exposures subject to measures applied in response to the COVID-19 crisis
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2023-I-05 to formally repeal Instruction No. 2020-I-10, which previously mandated the reporting of prudential financial information for exposures affected by COVID-19 relief measures. This repeal aligns with the European Banking Authority's conclusion of its COVID-19 reporting guidelines and the end of related regulatory measures. Consequently, regulated entities are no longer required to submit the quantitative information specified in the repealed instruction for submissions made after the December 2022 cutoff.
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