French Insurance Code

I.-The composition of the college of supervisors referred to in Article L. 356-7-1 includes the group supervisor, the supervisory authorities of all the Member States in which the subsidiary insurance and reinsurance undertakings have their registered office and the European Insurance and Occupational Pensions Authority in accordance with Article 21 of Regulation (EU) No 1094/2010 of 24 November 2010. The Autorité de contrôle prudentiel et de résolution in its capacity…

I.-The coordination agreements mentioned in III of Article L. 356-7-1 specify the procedures applied by the supervisory authorities concerned: 1° For decisions relating to applications for approval of internal models and the level of supplementary capital requirements, in accordance with Articles R. 356-20 to and R. 356-21; 2° For decisions relating to the appointment of the group supervisor; 3° For the information given by the group supervisor when the group…

I.-In order to ensure that all the authorities concerned have the same relevant information available, without prejudice to their respective responsibilities and regardless of whether or not they are established in the same Member State, the Autorité de contrôle prudentiel et de résolution shall exchange such information with the other supervisory authorities concerned in order to enable and facilitate the performance of their supervisory tasks. To this end, the Autorité…

I.-Without prejudice to the provisions of Article L. 356-7, the Autorité de contrôle prudentiel et de résolution shall consult, within the college of supervisors, the supervisory authorities concerned on any decision of importance for the supervisory tasks of these authorities, relating to: 1° Changes to the shareholder structure, organisation or management of the insurance or reinsurance undertakings in a group, requiring the approval or authorisation of the supervisory authorities; 2°…

Where the Autorité de contrôle prudentiel et de résolution is a group supervisor pursuant to Article L. 356-6 without the parent undertaking being located in France, it may invite the supervisory authority of the Member State in which the parent undertaking has its registered office to request from the parent undertaking all information relevant to the exercise of its rights and obligations of coordination, as defined in Article L. 356-7,…

When the Autorité de contrôle prudentiel et de résolution asks a competent authority of another Member State to carry out on-site inspections of an insurance or reinsurance undertaking or of a person linked to it, pursuant to the first paragraph of Article L. 632-12 of the Monetary and Financial Code, in accordance with one of the procedures provided for in Article L. 612-26 of the same code, or when the…

Where a request by the Autorité de contrôle prudentiel et de résolution to a competent authority of another Member State to carry out on-site inspections of an insurance or reinsurance undertaking or a person linked to it, pursuant to the first paragraph of Article L. 632-12 of the Monetary and Financial Code, in accordance with one of the procedures provided for in Article L. 612-26 of the same code has…