Book III: Companies

Where a supervisory authority of another Member State transmits to the Autorité de contrôle prudentiel et de résolution a proposal similar to those mentioned in II or III of Article R. 356-26 with respect to a subsidiary having its head office in that Member State, the Autorité de contrôle prudentiel et de résolution shall endeavour to reach a decision with the other supervisory authorities of the college of supervisors on…

I.-In the event of non-compliance with the Solvency Capital Requirement of a subsidiary referred to in Article R. 356-24 and without prejudice to the provisions of Article L. 352-7, the Autorité de contrôle prudentiel et de résolution shall immediately communicate to the college of supervisors the recovery plan referred to in the second paragraph of Article L. 352-7 which has been submitted to it by that subsidiary. The Autorité shall…

I.-Where a supervisory authority concerned in another Member State communicates to the Autorité de contrôle prudentiel et de résolution a recovery plan for a subsidiary with its head office in that Member State under conditions similar to those mentioned in I of Article R. 356-27, the Autorité de contrôle prudentiel et de résolution shall endeavour to reach a decision with the supervisory authorities within the college of supervisors on the…

I.-The rules set out in articles R. 356-26 and R. 356-27 cease to apply to the subsidiaries referred to in I of article R. 356-24 in the following cases: a) The condition referred to in a of I of article R. 356-24 is no longer met; b) The condition referred to in b of I of article R. 356-24 is no longer met and the group does not restore compliance…

The rules set out in articles R. 356-26 and R. 356-27 cease to apply to the subsidiaries referred to in II of article R. 356-24 in the following cases: a) The condition referred to in a of II of article R. 356-24 is no longer complied with; b) The condition mentioned in b of II of article R. 356-24 is no longer complied with and the group does not re-establish…

Where, in accordance with Article R. 356-26-1, a subsidiary with its registered office in another Member State has been authorised to be subject to rules similar to those mentioned in Articles R. 356-26 and R. 356-27, the Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor shall immediately inform the supervisory authority of that Member State of its decision, if any, to no longer include that…

The undertakings referred to in the first paragraph of Article R. 356-8 or the undertakings designated in accordance with 5° of Article L. 356-15 shall notify the Autorité de contrôle prudentiel et de résolution at least once a year of any significant risk concentration at group level. The Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor shall, after consulting the other authorities concerned and the…

The undertakings referred to in the first paragraph of Article R. 356-8 or the undertakings designated in accordance with 5° of Article L. 356-15 shall notify the Autorité de contrôle prudentiel et de résolution at least once a year of all significant intra-group transactions carried out by the insurance and reinsurance undertakings in the group, including those carried out with an individual having close links with an undertaking in the…

In the cases mentioned in the second and third paragraphs of Article L. 356-2, when the participating insurance or reinsurance undertaking, the insurance group company, the union mutualiste de groupe mentioned inArticle L. 111-4-2 of the Code de la mutualité, the société de groupe assurantiel de protection sociale mentioned inArticle L. 931-2-2 du code de la sécurité sociale ou la compagnie financière holding mixte est, soit une entreprise liée d’une…

In the case referred to in the fifth paragraph of Article L. 356-2, the Autorité de contrôle prudentiel et de résolution exercises general supervision over transactions between insurance or reinsurance undertakings whose parent undertaking is a société de groupe mixte d’assurance and the latter and its affiliated undertakings. The provisions of articles L. 356-9 and L. 356-10, L. 356-21, R. 356-3, R. 356-5 to R. 356-5-2 and R. 356-30 as…