Instruction No. 2021-I-07 of June 18, 2021 amending Instruction No. 2016-I-16 of June 27, 2016 on annual prudential documents to be submitted by ACPR-supervised entities under the Solvency II regime

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2021-I-07 amending Instruction No. 2016-I-16 of June 27, 2016 on annual prudential documents to be submitted by entities subject to ACPR supervision under the so-called "Solvency II" regime

The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, in particular Articles L. 612-2 and L. 612-24; Having regard to Articles L. 310-1-1 and L. 350-2 of the Insurance Code; Having regard to Instruction No. 2016-I-16 of June 27, 2016 on annual prudential documents to be submitted by entities subject to ACPR supervision under the so-called "Solvency II" regime; Having regard to the opinion of the Prudential Affairs Consultative Committee of May 27, 2021, DECIDES

Article 1:
Section IV is inserted into Article 2 of Instruction No. 2016-I-16, worded as follows:

"IV. – Captive reinsurance companies referred to in item 3° of Article L.350-2 of the Insurance Code are exempted from submitting a fraction of the statements mentioned in Section I of this Article. The following statements are concerned:

• FR.05.01 – Variation in fixed assets
• FR.06.01 – Breakdown of the amount of provisions (non-technical liabilities)
• FR.07.01 – Details of deferred charges and income
• FR.08.01 – Breakdown of general expenses by nature and by destination,
  Breakdown of personnel costs, Commitments towards members of the management bodies
• FR.09.01 – Income and expenses arising from voluntary contributions in kind
• FR.11.01 – Prospective evolution of the un-discounted capitalization reserve
• FR.12.01 – Breakdown of financial results by type of movement, by type of flow and by nature of securities
• FR.23.01 – Minimum guaranteed rate, monitoring of envelopes

Article 2:
This Instruction applies to collections due for financial years ending on or after December 31, 2021. Done in Paris, June 18, 2021 For the Insurance Sectoral Sub-Committee The Vice-President, [Jean-Paul FAUGÈRE]