Regulatory Alerts2016-01-14
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Instruction No. 2016-I-02 of January 14, 2016, defining exemption procedures for entities under Article 3 of Instruction No. 2016-I-01, as amended by Instructions No. 2019-I-03 and No. 2024-I-11
The Prudential Control and Resolution Authority (ACPR) establishes the specific conditions under which Solvency II-regulated insurance entities may apply for exemption from submitting quarterly quantitative reports. Eligibility requires that an entity contributes no more than 5% to the group's balance sheet, ensures exempted entities do not exceed 15% of the total, and mandates annual submission of the exempted information. Applications must be submitted electronically by the group as a single request to the ACPR Secretary General.
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