Instruction No. 2019-I-03 of March 15, 2019 amending Instructions No. 2016-I-01 and No. 2016-I-02 of January 14, 2016

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2019-I-03 amending Instruction No. 2016-I-01 of January 14, 2016 determining the thresholds for the application of quarterly information submissions for subject entities and Instruction No. 2016-I-02 of January 14, 2016 defining the exemption procedures for entities mentioned in Article 3 of Instruction No. 2016-I-01

The Prudential Control and Resolution Authority, Having regard to Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II); Having regard to the Monetary and Financial Code, in particular Articles L. 612-2 and L. 612-24; Having regard to Instruction No. 2016-I-01 of January 14, 2016 determining the thresholds for the application of quarterly information submissions for subject entities; Having regard to Instruction No. 2016-I-02 of January 14, 2016 defining the exemption procedures for entities mentioned in Article 3 of Instruction No. 2016-I-01; Having regard to the opinion of the Prudential Affairs Advisory Commission dated February 20, 2019.

DECIDES

Article 1
In the last paragraph of Article 6 of the aforementioned Instruction No. 2016-I-01, after the words: "fourth year", the following words are added: ", provided that the data they contain are transmitted at least once a year".

Article 2
In the second paragraph of Article 3 of the aforementioned Instruction No. 2016-I-02, after the words "exceeds 15%", the following words are added: "; 3° it submits, at least once a year, the information covered by the exemption referred to in Article 2".

2

Article 3
This Instruction shall apply from the date of its publication.
Paris, March 15, 2019

For the Insurance Sectoral Sub-College
The President,
Bernard DELAS