Regulatory Alerts2013-05-28
Added · Updated
Instruction No. 2013-I-02 of May 28, 2013 establishing the control statement for profit-sharing - C22 (repealed)
The Prudential Control Authority issued Instruction No. 2013-I-02 to mandate the creation of a specific control statement, C22, for the annual detailed reporting of profit-sharing participation. This instruction requires designated insurance, mutual, and provident institutions to submit the C22 form, which is structured into four sub-sets covering technical results, financial results, specific contract types, and minimum versus effective profit-sharing comparisons. The regulation entered into force on December 31, 2013, and aligns with various provisions of the Monetary and Financial Code, Insurance Code, Mutual Code, and Social Security Code.
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