RegAlert2015-12-01
Added · Updated
Instruction No. 2015-I-25 of December 1, 2015 repealing Instruction No. 2005-04 on the supplementary supervision of financial conglomerates
The Prudential Supervision and Resolution Authority issued Instruction No. 2015-I-25 to formally repeal Instruction No. 2005-04 regarding the supplementary supervision of financial conglomerates. This regulatory change aligns national oversight with the prudential requirements established by EU Regulation No. 575/2013 and the November 2014 decree on financial conglomerates. The repeal becomes effective immediately upon the publication of the instruction.
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PRUDENTIAL SUPERVISION AND RESOLUTION AUTHORITY ----- Instruction No. 2015-I-25 repealing Instruction No. 2005-04 on the supplementary supervision of financial conglomerates
The Prudential Supervision and Resolution Authority, Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms; Having regard to the Decree of 3 November 2014 on the supplementary supervision of financial conglomerates; Having regard to the opinion of the Prudential Affairs Consultative Committee dated 24 November 2015; Decides:
Article 1
Instruction No. 2005-04 on the supplementary supervision of financial conglomerates is hereby repealed.
Article 2
This repeal shall apply from its publication.
Paris, 1 December 2015
The President of the Prudential Supervision Authority and Resolution, [François VILLEROY de GALHAU]
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Lineage: In force
Timeline
This document supersedes: Instruction No. 2005-04 of November 21, 2005, on the supplementary supervision of financial conglomerates, as amended
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Source: Autorite de Controle Prudentiel et de Resolution — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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