Regulatory Alerts2024-01-10
Added · Updated
Instruction No. 2024-I-01 of January 10, 2024 Repealing and Replacing Instruction No. 2022-I-24 on Annual Documents to be Communicated by Insurance Undertakings
The ACPR requires insurance and supplementary professional pension organizations to submit annual sustainability reports and specific annexes within six months of the fiscal year-end, with reporting templates determined by a 500 million euro balance sheet threshold. Entities with a balance sheet exceeding this threshold must additionally provide technical alignment tables and quantitative indicators, while those offering market-exposed investment products must declare principal negative sustainability impacts or explain their exclusion of such factors. The instruction mandates machine-readable electronic submission formats and repeals the previous 2022 instruction, while exempting certain mutuals that have concluded substitution agreements.
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