Instruction No. 2014-I-11 of August 22, 2014 on the own funds requirements applicable to payment institutions (consolidated version)

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2014-I-11 of August 22, 2014 on the own funds requirements applicable to payment institutions

Amended by Instruction No. 2025-I-05 of May 22, 2025

The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, in particular Articles L. 522-1, L. 522-3, L. 522-14 and subsequent articles and L. 612-24; Having regard to the Order of October 29, 2009 on the prudential regulation of payment institutions; Having regard to the Regulation of the Accounting Standards Committee (CRC) No. 2009-08 of December 3, 2009 relating to the methods for preparing the accounts of payment institutions; Having regard to Commission Implementing Regulation (EU) No 680/2014 of April 16, 2014; Having regard to the opinion of the Consultative Committee on Prudential Affairs dated March 21, 2014: Decides:

Article 1

• The following are hereinafter referred to as "subject institutions": payment institutions as defined in Articles L. 522-1 and subsequent articles of the Monetary and Financial Code;
• The following are hereinafter referred to as "hybrid payment institutions": payment institutions that habitually carry on an activity other than the provision of payment services or ancillary services, in accordance with Article L. 522-3 of the Monetary and Financial Code.

Article 2 Subject institutions must submit the following tables, defined in the annexes of Commission Implementing Regulation (EU) No 2021/451 of December 17, 2020:

1. Table CA 1, statement relating to the amount of own funds, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451;
2. Table CA 4, statement detailing certain elements of Table CA 1, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451;
3. Table CA 5, statement relating to transitional provisions, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451;
4. Tables relating to credit risk:
   • Table CA 2, statement relating to own funds requirements, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451;
   • Table CA 3, summary statement of CRR ratios and own funds levels, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451;
   • CR SA Total sheet, statement relating to standard credit, counterparty and settlement delivery risks, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451 of the Commission;
   • Table CR SEC SA, statement relating to securitisations under the standard approach, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451;
   • Table CR SEC Details, statement containing detailed information on securitisations, as defined in Annexes I and II of the aforementioned Implementing Regulation (EU) No 2021/451.

Subject institutions must also submit the CA EP statement, relating to own funds requirements specific to payment institutions, appearing in Annex 2 of this Instruction and according to the procedures defined in Annex 1 of this Instruction.

Hybrid payment institutions must submit the aforementioned tables based on the perimeter of their payment services provision activity. This perimeter must be identical to that retained in the annex of the accounts published by the hybrid payment institution in accordance with Article 1321-1 of the Annex to the Accounting Standards Authority Regulation No. 2014-07 of November 26, 2014 relating to the accounts of entities in the banking sector.

Article 3 The statements mentioned in Article 2 of this Instruction are submitted according to the following frequencies:

• every six months for the CR SEC Détails table;
• every quarter for the other tables.

Quarterly tables are prepared based on figures as of March 31, June 30, September 30, and December 31. Semi-annual statements are prepared based on figures as of June 30 and December 31.

Article 4 The aforementioned tables are sent via teletransmission within two months following the dates mentioned in Article 3, with the exception of statements as of June 30, which are submitted within three months following that date. The statements are transmitted in XML-XBRL format according to the technical specifications necessary for their processing by the General Secretariat of the Prudential Control and Resolution Authority, under the conditions set by the Prudential Control and Resolution Authority's Instruction No. 2025-I-05 of May 22, 2025.

Article 5 This Instruction repeals Instruction No. 2010-05 of February 15, 2010 on the own funds requirements applicable to payment institutions.

Article 6 This Instruction enters into force upon its publication in the official register of the Prudential Control and Resolution Authority.

Paris, August 22, 2014

The President of the Prudential Control and Resolution Authority, Robert OPHELE