Regulatory Alerts2026-07-10
Added · Updated
Instruction No. 2026-I-02 on the ACPR Authorization Procedure for Simultaneous Group and Subsidiary ORSA, RSR, and SFCR Reporting
The Autorité de contrôle prudentiel et de résolution (ACPR) issues Instruction No. 2026-I-02 to replace Instructions 2015-I-27 and 2015-I-28, establishing the procedure for insurance and reinsurance groups to obtain authorization to submit a single Internal Capital and Solvency Assessment (ORSA), a single Solvency and Financial Condition Report (SFCR), and a single Regular Supervisory Report (RSR) covering both the group and its subsidiaries. Participating parent and subsidiary companies must submit written applications with detailed dossiers to the ACPR acting as group supervisor at least five months before the end of the relevant financial year. The instruction specifies the required content for these applications, including coverage scope, governance involvement, and translation arrangements, and conditions proportionality measures on the status of all included entities. This instruction enters into force on January 30, 2027.