Regulatory Alerts2016-12-13
Added · Updated
Instruction No. 2016-I-25 of December 13, 2016 regarding the transmission of information to the Prudential Control and Resolution Authority by insurance companies
Third-country branches of insurance companies must transmit specific solvency, financial, and quantitative reports to the Prudential Control and Resolution Authority (ACPR) annually and quarterly. The instruction mandates the use of designated Solvency II reporting templates (S-series and SR-series), requires data conversion into euros using specific exchange rates, and defines formatting rules for monetary and integer data. Branches must submit their first Solvency and Financial Condition Report (SFCR) and Regular Supervisory Report (RSR) for the fiscal year ending June 30, 2016, or later, within 14 weeks of the year-end.
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