Instruction No. 2020-I-02 of 21 February 2020 amending Instruction No. 2011-I-14 of 29 September 2011 on the supervision of risks on housing loans in France

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2020-I-02 amending Instruction No. 2011-I-14 of 29 September 2011 on the supervision of risks on housing loans in France

The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, in particular Articles L. 515-13 to L. 515-39 as well as L. 612-24 and R. 515-2 to R. 515-17; Having regard to Instruction No. 2011-I-14 of 29 September 2011 on the supervision of risks on housing loans in France, as amended by Instruction No. 2013-I-06 of 28 May 2013; Having regard to Recommendation No. CERS/2016/14 of the European Systemic Risk Board of 31 October 2016 aimed at filling gaps in real estate data, as amended by Recommendation No. CERS/2019/3; Having regard to the recommendation of the High Council for Financial Stability No. R-HCSF-2019-1 of 20 December 2019 on developments in the French residential real estate market in terms of credit granting; Having regard to the opinion of the Prudential Affairs Consultative Committee of 6 February 2020, DECIDES

Article 1:
Instruction No. 2019-I-08 is repealed.

Article 2:
The CREDITHAB table presented in the annex to Instruction No. 2011-I-14 is replaced by the table appearing in the annex to this Instruction.

Article 3:
This Instruction enters into force:

• as of 1 March 2020 for institutions that, on the date of publication of this Instruction, were subject to submitting the CREDITHAB statement in accordance with point a) of Article 1 of Instruction No. 2011-I-14 of the Prudential Control and Resolution Authority. Subject institutions transmit, with the first submission, data relating to the deadlines of 31 January and 29 February 2020.

2
As an exception to the rules for transmitting accounting and prudential information to the Prudential Control and Resolution Authority, data relating to the deadlines from January to September 2020 are submitted in Excel format to the address SATRISK-2777@acpr.banque-france.fr. During this period, subject institutions continue to electronically transmit the CREDITHAB statement as defined by Instruction No. 2011-I-14. As of the October 2020 deadline, to be submitted no later than 30 November 2020, institutions electronically transmit the CREDITHAB statement as defined by this Instruction, while also sending their first electronic submission the deadlines from January to September 2020. They therefore cease to electronically transmit the statement defined by Instruction No. 2011-I-14. By derogation from the rules mentioned in this paragraph:

• data relating to loans distributed in the overseas departments and regions (cf. column C0110 of the CREDITHAB statement) may be submitted only as of the October 2020 deadline;
• the breakdown of production by effort rate based on net income after tax (cf. lines R1710 to R1780 of the CREDITHAB statement) may be submitted only as of the December 2020 deadline.
• as of 1 July 2021 for institutions that were not submitting this statement on the date of publication of this Instruction. Subject institutions electronically transmit, with the first submission, data relating to the deadlines from 31 January to 30 June 2021.

Article 4:
For networks of credit institutions with a central body, the submission of data, on an aggregated basis for all affiliated credit institutions, is carried out by the central body.

Paris, 21 February 2020
The Designated President,
[Denis BEAU]