Regulatory Alerts2015-05-29
Added · Updated
Instruction No. 2015-I-06 of May 29, 2015 regarding approval requests for the use of the transitional measure on technical provisions
The document establishes the procedure for entities subject to Solvency II to obtain prior written approval from the Autorité de contrôle prudentiel et de résolution before using or recalculating the transitional measure on technical provisions. It mandates that applications be submitted electronically via a specified portal and require the inclusion of specific constituent elements detailed in the instruction's annex. Furthermore, approved entities must promptly notify the Authority in writing of any substantial modifications to their application dossier or any changes in their risk profile that could affect the calculation of the transitional measure. The instruction entered into force upon its publication.
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