Section 1: Administrative approval

I. – Supplementary occupational pension funds may not commence operations until they have obtained administrative authorisation issued by the Autorité de contrôle prudentiel et de résolution. Approval is granted at the request of the fund, for the operations referred to in the first paragraph of article L. 381-1 and for the coverage of additional guarantees referred to in article L. 143-2 arising therefrom. The fund may only carry out the…

In order to grant the administrative authorisation provided for in Article L. 382-1, the Autorité de contrôle prudentiel et de résolution shall verify that : 1° The technical and financial resources that the fund proposes to implement are sufficient and appropriate with regard to its programme of operations; 2° The persons responsible for managing or administering the fund are of good repute and have the skills and experience required for…

I. – Where a supplementary occupational pension fund expressly renounces its authorisation by undertaking not to underwrite any new contracts, does not make use of its authorisation within one year of the date of publication in the Journal officiel of the authorisation decision or has ceased to carry on the activity corresponding to its authorisation for two consecutive financial years, it shall immediately inform the Autorité de contrôle prudentiel et…