Instruction No. 2011-I-06 of June 15, 2011, on the coverage ratio of land credit companies and housing finance companies, as amended by Instruction No. 2014-I-16 of December 8, 2014 (consolidated version) (repealed)

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2011-I-06 dated June 15, 2011 on the coverage ratio of land credit companies and housing finance companies, as amended by Instruction No. 2014-I-16 dated December 8, 2014

The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, in particular Articles L. 515-13 to L. 515-39 as well as L. 612-24 and R. 515-2 to R. 515-17; Having regard to Regulation No. 99-10 of the Committee for Banking and Financial Regulations dated July 9, 1999, as amended, relating to land credit companies and housing finance companies; Having regard to Instruction No. 2007-01 of January 18, 2007, relating to the electronic signature of certain documents transmitted electronically to the Prudential Control and Resolution Authority; Having regard to Instruction No. 2008-05 of June 20, 2008, relating to the coverage ratio of land credit companies; Having regard to Instruction No. 2009-01 of June 19, 2009, as amended by Instruction No. 2009-07, relating to the implementation of the unified financial reporting system; Having regard to the opinion of the Prudential Affairs Consultative Committee dated May 26, 2011, Decides:

Article 1 The institutions subject to this instruction are credit institutions authorized as land credit companies, within the meaning of Article L. 515-13 of the Monetary and Financial Code, or housing finance companies, within the meaning of Article L. 515-34 of the same Code.

Article 2 Land credit companies and housing finance companies shall submit to the Prudential Control and Resolution Authority the "Coverage Ratio Calculation and Limit Control Statement" (Annex 1) containing information on:

• the calculation of the coverage ratio referred to in Article L. 513-12 of the Monetary and Financial Code;
• compliance with limits relating to the composition of assets;
• the calculation of amounts eligible for refinancing through privileged resources.

This statement is prepared four times a year based on figures as of March 31, June 30, September 30, and December 31. It is transmitted to the General Secretariat of the Prudential Control and Resolution Authority, electronically signed by a responsible executive, within three months following the closing date, in XML-XBRL format according to the technical specifications required for processing by the Prudential Control and Resolution Authority. The certification by the specific auditor, in application of Article L. 513-23 of the Monetary and Financial Code, is transmitted by mail.

Article 3 The statement referred to in Article 2 must include the information listed and described in Annexes II and III of this instruction. The numerical information is extracted from the accounting and information systems of the institutions subject to this instruction.

Article 4 The third paragraph of Article 2 of Instruction No. 2007-01, as amended, relating to the electronic signature of certain documents transmitted electronically to the Prudential Control and Resolution Authority, is deleted.

Article 5 Instruction No. 2008-05 of June 20, 2008, as amended, relating to the coverage ratio of land credit companies, is repealed.

Article 6 This instruction enters into force immediately.

Article 7 (Transitional Provisions) By way of exception to Article 2 of this instruction:

• the information cited in Article 2 of this instruction and prepared based on figures as of September 30, 2014, may be transmitted to the General Secretariat of the Prudential Control and Resolution Authority within four months following the closing date;
• institutions shall declare the information cited in the same article on authenticated paper support signed by an authorized signatory, and in this case, complete this paper submission by transmitting the data electronically in "xls" file format until the deadline of December 31, 2015.

Paris, June 15, 2011 The President of the Prudential Control and Resolution Authority, [Christian NOYER]