Article R321-16 of the French Insurance Code
For the three financial years following the issue of the authorisations referred to in Articles L. 321-1, L. 321-7 and L. 329-1, the undertaking must submit to the Autorité de contrôle prudentiel et de résolution, for each half-year, a report on the implementation of the programme of operations referred to in Article L. 321-10. If the undertaking’s activities do not comply with the programme of operations, the Autorité takes appropriate…