Book III: Companies

The regulated commitments referred to in article R. 331-1 must, at all times, be represented by equivalent assets. These assets must be located within the territory of a Member State of the European Union. Commitments made in one currency must be covered by matching assets, i.e. denominated or realisable in that currency.

I – Notwithstanding the provisions of 2° of Article R. 332-1, insurance undertakings may not cover up to 20% of their liabilities with matching assets. II- Undertakings may also choose not to cover their technical provisions with matching assets if, in order to comply with the provisions of Article R. 332-1, they must hold assets in one currency in an amount not exceeding 7% of the assets existing in all…

Insurance undertakings must assess their financial risks on an ongoing basis, in particular by simulating the impact of changes in interest rates and stock market prices on their assets and liabilities and by making comparative estimates of the payability of their liabilities and the liquidity of their assets. The results of this valuation are determined and presented in accordance with general principles defined by the Autorité de contrôle prudentiel et…

Pursuant to the provisions of article R. 332-1 and subject to the exceptions provided for in that same article, in article R. 332-1-1 and in articles R. 332-3-3 to R. 332-10, the insurance undertakings referred to in article L. 310-3-2 represent their regulated commitments referred to in article R. 331-1 by the following assets: A.-Securities and similar securities : 1° Bonds and other securities issued or guaranteed by one of…