Chapter V: Financial and prudential rules

Supplementary occupational pension funds shall at all times represent their commitments referred to in Article R. 343-1 by equivalent assets, in accordance with the conditions set out in this section and in D of Article R. 332-2. Subject to article R. 385-8, commitments made in a currency must be covered by matching assets, i.e. assets denominated or realisable in that currency. This section applies separately to each allocation sub-account mentioned…

The balance sheet value of all securities issued, receivables other than those referred to in article R. 385-11, loans and securities not traded on a regulated market within the meaning of 11° of article L. 310-3 may not exceed 30% of the total amount of commitments referred to in article R. 343-1.

I. – The balance sheet value of all securities issued, receivables other than those referred to in article R. 385-11, loans obtained or guaranteed and deposits placed with the same body may not exceed 5% of the total amount of commitments referred to in article R. 343-1, with the exception of securities issued or guaranteed or loans obtained by a State party to the Agreement on the European Economic Area…

Supplementary occupational pension funds may not cover up to 30% of their liabilities with matching assets.

In order to comply with the requirements set out in Articles R. 385-5 to R. 385-8, supplementary occupational pension funds shall make transparent any asset line whose book value exceeds 1% of the balance sheet. The cumulative book value of assets that have not been made transparent may not exceed 5% of the balance sheet. For the application of the second paragraph, supplementary occupational pension funds shall make transparent the…

Investments representing commitments expressed in units of account or commitments giving rise to the constitution of a diversification provision are not subject to the limitations set out in articles R. 385-6 to R. 385-9.