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Article L356-18 of the French Insurance Code

I.-The participating and parent undertakings referred to in the second and third paragraphs of Article L. 356-2 respectively shall set up a system of governance which guarantees sound and prudent management of the business at group level and which is subject to regular internal review. This system of governance shall be based on a clear separation of responsibilities at group level and shall include an effective system for the transmission…

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Article L356-19 of the French Insurance Code

The participating and parent undertakings referred to respectively in the second and third paragraphs of Article L. 356-2 : 1° Set up a risk management system at group level. This system shall be applied consistently in all undertakings subject to group supervision pursuant to Article L. 356-2, so that it can be monitored at group level; 2° Carry out an internal assessment of risks and solvency at group level. Where…

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Article L356-20 of the French Insurance Code

As group supervisor, the Autorité de contrôle prudentiel et de résolution shall supervise the systems, procedures and internal assessment of the group’s risks and solvency referred to in Articles L. 356-18 and L. 356-19 in accordance with the provisions of Section II of this Chapter.

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Article L356-21 of the French Insurance Code

I.-The Secretary General of the Autorité de contrôle prudentiel et de résolution may ask undertakings subject to group supervision pursuant to Article L. 356-2 as well as affiliated or participating undertakings having their registered office in France and natural persons having close links with these undertakings for any data or information which may be relevant for the purposes of group supervision. The Secretary General of the Autorité de contrôle prudentiel…

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Article L356-22 of the French Insurance Code

The participating and parent undertakings referred to in the second and third paragraphs of Article L. 356-2 respectively shall set up appropriate structures and systems at group level to meet the requirements set out in Articles L. 355-2, L. 355-3 and L. 356-21 and Article L. 612-24 of the Monetary and Financial Code. Pursuant to the provisions of Article L. 356-18, they shall draw up written policies guaranteeing that the…

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Article L356-23 of the French Insurance Code

Without prejudice to the other information obligations incumbent on them, the participating and parent undertakings mentioned respectively in the second and third paragraphs of Article L. 356-2 publish an annual report on the solvency and financial situation at group level. At group level, they are subject to the publication requirements set out in Article L. 355-5.

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Article L356-24 of the French Insurance Code

The participating and parent undertakings referred to in the second and third paragraphs of Article L. 356-2 respectively shall put in place appropriate structures and systems at group level to meet the requirements set out in Article L. 356-23. Pursuant to the provisions of Article L. 356-18, they shall draw up written policies guaranteeing that the information published pursuant to Article L. 356-23 complies with the requirements of this Title…

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Article L356-25 of the French Insurance Code

Participating and parent undertakings referred to respectively in the second and third paragraphs of Article L. 356-2, wishing to publish a single report on their solvency and financial situation containing information at group level and for any subsidiary of the group, shall seek the prior agreement of the Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor. In the event of publication of this single report,…

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