Regulatory Alerts2018-07-11
Instruction No. 2018-I-13 on the ACPR authorization procedure for recognizing unrealized capital gains in solvency margins for supplementary professional pension schemes
The Prudential Control and Resolution Authority (ACPR) establishes the mandatory written application procedure for supplementary professional pension schemes seeking approval to include unrealized capital gains in their solvency margins. Applicants must submit a complete dossier via the ACPR portal, adhering to the specific constituent elements outlined in the instruction's annex. Upon approval, these schemes are strictly required to promptly notify the ACPR of any substantial modifications to their initial application or asset composition that could impact the determination of admissible capital gains.
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