RegAlertRule · ACPR · 8 Feb 2022
Instruction No. 2022-I-02 of 8 February 2022 on the surveillance of risks on residential mortgages in France
The Prudential Control and Resolution Authority issued Instruction No. 2022-I-02 to update the regulatory framework for monitoring residential mortgage risks in France. The directive replaces the previous CREDITHAB table established by Instruction No. 2021-I-02 with a new annexed table to enhance data collection and risk assessment. This instruction entered into force on 1 July 2022 following consultation with the Prudential Affairs Consultative Commission.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2022-I-02 on the surveillance of risks on residential mortgages 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 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 Decision No. D-HCSF-2021-7 of the High Council for Financial Stability of 29 September 2021 on developments in the French residential real estate market in terms of credit granting;
Having regard to the opinion of the Prudential Affairs Consultative Commission of 28 January 2022,
DECIDES
Article 1:
The CREDITHAB table established by Instruction No. 2021-I-02 is replaced by the table in the annex to this Instruction.
Article 2:
This Instruction shall enter into force on 1 July 2022.
Paris, 8 February 2022
The Designated President,
Denis BEAU
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The links and the sentences they come from (1)
- Amends
“The CREDITHAB table established by Instruction No. 2021-I-02 is replaced by the table in the annex to this Instruction.”
Mentions (2): 2 documents this one mentions without changing them
- Refers to
“as amended by Recommendation No. CERS/2019/3;”
“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;”
Timeline
This document amends: Instruction No. 2021-I-02 of January 29, 2021, on the Supervision of Risks on Mortgage Loans in France
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Source: Autorite de Controle Prudentiel et de Resolution — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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