Regulatory Alerts2026-07-10
Added · Updated
Instruction No. 2026-I-14 on the liquidity risk management plan required by Directive 2009/138/EC on insurance and reinsurance activities
The Prudential Control and Resolution Authority (ACPR) Instruction No. 2026-I-14 mandates specific liquidity risk management plan (LRMP) requirements for Solvency II insurance and reinsurance undertakings, groups, and French sub-groups, with exemptions for small and non-complex entities. Entities with total assets exceeding EUR 20,000 must include medium and long-term horizons in their LRMP, while others may be required to by ACPR decision. LRMPs must be updated annually, submitted to the ACPR within two weeks of board validation in a machine-readable format, and the instruction enters into force on January 30, 2027, with certain LRMP submissions and horizon integrations required from 2028.