Regulatory Alerts2011-06-15
Added · Updated
Instruction No. 2011-I-05 of June 15, 2011, on information to be transmitted to the Prudential Control Authority regarding acquisition or extension of participation in an insurance or reinsurance undertaking
The Prudential Control Authority mandates that notifications for acquiring or extending participation in insurance or reinsurance undertakings be submitted using the standardized form attached to Instruction No. 2011-I-05. Applicants must provide two copies of the completed dossier, including specific documents regarding the acquirer's identity, reputation, financial situation, and the target company's structure. The instruction establishes detailed requirements for disclosure based on participation thresholds, specifically distinguishing between holdings below 20%, those between 20% and 50%, and those resulting in a change of control.
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