Book III: Companies

The report on the solvency and financial situation referred to in Article L. 355-5 is approved by the Board of Directors or the Supervisory Board. It shall contain the following information, either in full or by direct and precise reference to information which is equivalent, both in nature and scope, to that published pursuant to other legislative or regulatory provisions: a) A description of the company’s business and results ;…

The publication of the Solvency Capital Requirement referred to in Article R. 355-7 shall indicate, separately, the amount calculated in accordance with the provisions of Chapter II of this Title, and the amount of any capital add-on imposed in accordance with Article L. 352-3, or the effect of own parameters which the insurance or reinsurance undertaking is required to use under Article R. 352-11. This information is accompanied by an…

The Autorité de contrôle prudentiel et de résolution may authorise insurance or reinsurance undertakings not to publish information in their solvency and financial condition report referred to in Article L. 355-5 in the following two cases: a) The publication of such information would give competitors of the undertaking concerned an unfair advantage ; b) The undertaking is bound by secrecy or confidentiality obligations towards policyholders, subscribers or beneficiaries of contracts,…

Major events, within the meaning of Article L. 355-5, include at least the following: a) When a deviation from the Minimum Capital Requirement is observed and the Autorité de contrôle prudentiel et de résolution considers that the undertaking will be unable to submit a realistic short-term financing plan as referred to in Article L. 352-8 or that the Authority does not obtain such a plan within one month of the…

Insurance or reinsurance undertakings may decide to publish in the report referred to in Article L. 355-5 any information or explanations relating to their solvency and financial position other than those already required to be published pursuant to Articles L. 355-5, R. 355-7, R. 355-8, R. 355-9 and R. 355-10, under conditions which are specified by Article 298 of Commission Delegated Regulation (EU) No 2015/35 of 10 October 2014.