Instruction No. 2026-I-04 on Thresholds for Quarterly Information Reporting for Subject Entities

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2026-I-04 regarding the thresholds for the application of quarterly information submissions for subject entities replacing Instruction No. 2016-I-01 of January 14, 2016 as amended by Instruction No. 2019-I-03 of March 15, 2019

The Prudential Control and Resolution Authority, Having regard to Delegated Regulation (EU) 2015/35 of the Commission of October 10, 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking up and pursuit of the business of Insurance and Reinsurance (referred to as "Solvency II"); Having regard to Commission Implementing Regulation (EU) XXX/XXX of XXX defining implementing technical standards regarding communication models for information to supervisory authorities under Directive 2009/138/EC of the European Parliament and of the Council, currently being published by the European Commission; Having regard to the Insurance Code, particularly Articles L. 310-3-1, L. 321-1, L. 321-1-1, L. 350-2, L. 352-5, L. 355-1, L. 356-2, L. 356-21, L. 356-27, L. 357-1, R. 355-3, R. 355-5, R. 356-52 and R. 356-53-1; Having regard to the Monetary and Financial Code, particularly Article L. 612-24; Having regard to the Mutual Code, particularly Articles L. 211-8, L. 211-8-1, L. 211-10 and L. 212-1; Having regard to the Social Security Code, particularly Articles L. 931-4, L. 931-4-1, L. 931-6 and L. 931-9; Having regard to the opinion of the Prudential Affairs Advisory Commission (CCAP) dated June 26, 2026, DECIDES

Article 1: The following are hereinafter referred to as "subject individual entities": entities falling under the so-called "Solvency II" regime mentioned in Articles L. 310-3-1 of the Insurance Code, L. 211-10 of the Mutual Code and L. 931-6 of the Social Security Code.

Subject parent and participating entities are hereinafter referred to as "subject parent and participating entities": participating and parent companies mentioned respectively in the second and third paragraphs of Article L. 356-2 of the Insurance Code.

Article 2: Subject individual entities shall submit quarterly, according to the procedures defined in Article R. 355-3 of the Insurance Code, the minimum capital requirement defined in Article L. 352-5 of the Insurance Code present in statement s.23.01 defined in Annexes II and III of Commission Implementing Regulation (EU) XXX/XXX of XXX to the "MCR" cell (C0010/R0600).

Article 3: Without prejudice to Article 2, subject individual entities shall submit all quarterly quantitative statements to the Prudential Control and Resolution Authority as soon as they meet one of the following conditions: 1° their total balance sheet exceeds the thresholds defined in Article 5; 2° they are subject to group supervision under the second and third paragraphs of Article L. 356-2 of the Insurance Code and their total balance sheet does not exceed the thresholds defined in Article 5, but the total balance sheet of the group to which they belong exceeds the thresholds defined in Article 5, and they have not obtained an exemption granted by the Prudential Control and Resolution Authority following a reasoned request made according to the procedures described in Instruction No. 2026-I-05 of July 10, 2026, replacing the instruction dated January 14, 2016.

By way of derogation, the provisions of this Article do not apply to individual entities benefiting from the status of small and non-complex enterprise under Articles L. 357-1 and L. 356-27 of the Insurance Code.

Article 4: Subject parent and participating entities shall submit quarterly quantitative statements at the group level to the Prudential Control and Resolution Authority over the entire perimeter defined in Article L. 356-2 of the Insurance Code, according to the procedures defined in Article R. 356-52 of the Insurance Code, when the total balance sheet of the group exceeds the thresholds defined in Article 5.

In the case where the total balance sheet of the group does not exceed the thresholds defined in Article 5, but at least one of the entities in the group, subject to the authority of another supervisory authority, is not exempt, then the subject parent or participating entity shall submit quarterly quantitative statements at the group level to the Prudential Control and Resolution Authority over the entire perimeter defined in Article L. 356-2 of the Insurance Code, according to the procedures defined in Article R. 356-52 of the Insurance Code.

By way of derogation, the provisions of this Article do not apply to groups benefiting from the status of small and non-complex enterprise under Articles L. 357-1 and L. 356-27 of the Insurance Code.

Article 5: The thresholds mentioned in Articles 3 and 4 are determined as follows: 1° for insurance entities mentioned in Articles L. 321-1 of the Insurance Code, L. 211-8 of the Mutual Code and L. 931-4 of the Social Security Code authorized solely for operations of branches 20 to 26 or groups composed exclusively of entities authorized solely for operations of branches 20 to 26, a total balance sheet of 8 billion euros; 2° for insurance entities mentioned in Articles L. 321-1 of the Insurance Code, L. 211-8 of the Mutual Code and L. 931-4 of the Social Security Code authorized solely for operations of branches 1 to 18 or groups composed exclusively of entities authorized solely for operations of branches 1 to 18, a total balance sheet of 500 million euros; 3° for reinsurance entities mentioned in Articles L. 321-1-1 of the Insurance Code, L. 211-8-1 of the Mutual Code and L. 931-4-1 of the Social Security Code, including captive reinsurance companies mentioned in Article L. 350-2 of the Insurance Code, or groups composed exclusively of reinsurance entities, a total balance sheet of 4 billion euros; 4° for insurance entities mentioned in Articles L. 321-1 of the Insurance Code, L. 211-8 of the Mutual Code and L. 931-4 of the Social Security Code authorized for both operations of at least one of branches 1 to 18 and for operations of at least one of branches 20 to 26, a total balance sheet of 8 billion euros, or, if the total balance sheet is less than 8 billion euros, an amount corresponding to the product of the total balance sheet by the ratio between technical provisions for branches 1 to 18 and total technical provisions of 500 million euros; 5° for groups composed of both insurance entities mentioned in Articles L. 321-1 of the Insurance Code, L. 211-8 of the Mutual Code and L. 931-4 of the Social Security Code authorized for operations of at least one of branches 1 to 18 and insurance entities mentioned in Articles L. 321-1 of the Insurance Code, L. 211-8 of the Mutual Code and L. 931-4 of the Social Security Code authorized for operations of at least one of branches 20 to 26 or entities authorized for operations of at least one of branches 1 to 18 and for operations of at least one of branches 20 to 26, the same thresholds as in 4° above.

The provisions of 1°, 2° and 4° above apply to captive insurance companies mentioned in Article L. 350-2 of the Insurance Code.

Article 6: Individual entities and groups below the thresholds mentioned in Article 5, whose total balance sheet reaches these thresholds for two consecutive financial years, shall submit quarterly quantitative statements in accordance with 1° of Article 3.

Individual entities and groups above the thresholds mentioned in Article 5, whose total balance sheet no longer reaches these thresholds for two consecutive financial years, are exempt from submitting quarterly quantitative statements in the third year, provided that the data they contain are transmitted at least once a year.

Article 7: The balance sheet to be considered for the application of the thresholds mentioned in Articles 5 and 6 is the balance sheet established in accordance with Article L. 351-1 of the Insurance Code for individual entities and Article R. 356-14 of the Insurance Code for groups.

Article 8: This Instruction replaces Instruction No. 2016-I-01 of January 14, 2016 as amended by Instruction No. 2019-I-03 of March 15, 2019.

References to Instruction No. 2016-I-01 of January 14, 2016 as amended by Instruction No. 2019-I-03 of March 15, 2019 shall be understood as references to this Instruction.

Article 9: This Instruction enters into force on January 30, 2027.

Paris, July 10, 2026

For the Insurance Sector Sub-College The President, Jean-Paul FAUGÈRE