Section III: Regulatory capital requirement for groups.

1° Supervision of the solvency of the group is exercised in accordance with the provisions of this Section and Sections II, IV, V and VI of this Chapter; 2° In the case of group supervision referred to in the second paragraph of Article L. 356-2, the participating insurance or reinsurance undertaking shall ensure that the group always has an amount of eligible own funds at least equal to the Solvency…

The Autorité de contrôle prudentiel et de résolution, in its capacity as group supervisor, may impose a capital add-on to the group Solvency Capital Requirement where it considers that the risk profile of the group is not adequately reflected in that capital. The authority imposes this requirement under the conditions set out in Article L. 352-3.

The Autorité de contrôle prudentiel et de résolution shall supervise risk concentration and intra-group transactions at group level in accordance with the provisions of Sections II, IV, V and VI of this Chapter.

A decree in the Conseil d’Etat shall specify the conditions of application of this section.