Book III: Companies

The information at group level sent to the Autorité de contrôle prudentiel et de résolution pursuant to II of Article L. 356-21 must be approved in advance: a) For the report on the solvency and financial situation, by the bodies mentioned in the first paragraph of Article R. 356-55 ; b) For the regular report to the supervisor, by the board of directors or the supervisory board of the participating…

Pursuant to the sixth paragraph of II of Article L. 356-21, the Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor may, after consulting the members of the college of supervisors, limit the regular provision of information for supervisory purposes at group level to a periodicity of less than one year, where the provision of such information would represent a disproportionate burden for the group given…

Pursuant to the sixth paragraph of II of Article L. 356-21, the Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor may, after consultation with the members of the college of supervisors, limit or waive the regular provision of line-by-line information at group level where : (a) The provision of such information would represent a disproportionate burden taking into account the nature, scale and complexity of…

In implementing the provisions of Articles R. 356-52 and R. 356-53, the Autorité de contrôle prudentiel et de résolution shall assess whether the provision of information represents a disproportionate burden for the groups, having regard to the nature, scale and complexity of the risks to which the group is exposed, taking into account at least : (a) the volume of premiums, technical provisions and assets of the group; (b) the…

The report on the solvency and financial situation at group level referred to in Article L. 356-23 is approved by the Board of Directors or the Supervisory Board of the participating or parent undertaking referred to in the second or third paragraph of Article L. 356-2 respectively. It contains the information mentioned in article R. 355-7 which is applicable at group level. This report also contains information on the legal…

The publication of the Group Solvency Capital Requirement referred to in Article R. 355-7, as included in the report referred to in Article R. 356-55, shall indicate, separately, the amount calculated in accordance with the provisions of Article L. 356-15 and the amount of any capital add-on imposed in accordance with Article L. 356-16, or the effect of the specific parameters which the participating or parent undertaking referred to respectively…

The Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor may authorise the participating and parent undertakings referred to respectively in the second and third paragraphs of Article L. 356-2 not to publish information in the report on the solvency and financial position at group level referred to in Article L. 356-23, under the conditions set out in Article R. 355-9. The conditions under which this…

For the purposes of the second paragraph of Article L. 356-23, events presenting one of the following characteristics are at least considered as major events within the meaning of Article L. 355-5: a) When a deviation from the group’s minimum Solvency Capital Requirement is observed and the Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor considers that the participating or parent undertakings referred to in…

The participating and parent undertakings referred to respectively in the second and third paragraphs of Article L. 356-2 may decide to publish in the report referred to in Article L. 356-23 any information or explanations relating to their solvency and financial situation which are not already required to be published pursuant to Articles L. 356-23, R. 356-55 to R. 356-57, under conditions which are specified by Article 298 of Commission…