The rules set out in articles R. 356-26 and R. 356-27 cease to apply to the subsidiaries referred to in II of article R. 356-24 in the following cases: a) The condition referred to in a of II of article R. 356-24 is no longer complied with; b) The condition mentioned in b of II of article R. 356-24 is no longer complied with and the group does not re-establish…
Where, in accordance with Article R. 356-26-1, a subsidiary with its registered office in another Member State has been authorised to be subject to rules similar to those mentioned in Articles R. 356-26 and R. 356-27, the Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor shall immediately inform the supervisory authority of that Member State of its decision, if any, to no longer include that…
The undertakings referred to in the first paragraph of Article R. 356-8 or the undertakings designated in accordance with 5° of Article L. 356-15 shall notify the Autorité de contrôle prudentiel et de résolution at least once a year of any significant risk concentration at group level. The Autorité de contrôle prudentiel et de résolution in its capacity as group supervisor shall, after consulting the other authorities concerned and the…
The undertakings referred to in the first paragraph of Article R. 356-8 or the undertakings designated in accordance with 5° of Article L. 356-15 shall notify the Autorité de contrôle prudentiel et de résolution at least once a year of all significant intra-group transactions carried out by the insurance and reinsurance undertakings in the group, including those carried out with an individual having close links with an undertaking in the…
In the cases mentioned in the second and third paragraphs of Article L. 356-2, when the participating insurance or reinsurance undertaking, the insurance group company, the union mutualiste de groupe mentioned inArticle L. 111-4-2 of the Code de la mutualité, the société de groupe assurantiel de protection sociale mentioned inArticle L. 931-2-2 du code de la sécurité sociale ou la compagnie financière holding mixte est, soit une entreprise liée d’une…
In the case referred to in the fifth paragraph of Article L. 356-2, the Autorité de contrôle prudentiel et de résolution exercises general supervision over transactions between insurance or reinsurance undertakings whose parent undertaking is a société de groupe mixte d’assurance and the latter and its affiliated undertakings. The provisions of articles L. 356-9 and L. 356-10, L. 356-21, R. 356-3, R. 356-5 to R. 356-5-2 and R. 356-30 as…
The participating and parent undertakings referred to respectively in the second and third paragraphs of article L. 356-2 shall review the written policies referred to in the third paragraph of article L. 356-18 at least once a year. These policies are subject to the prior approval of the Board of Directors or the Supervisory Board as the case may be. They are adapted to take account of any significant change…
The risk management system referred to in Article L. 356-19 includes the strategies, processes and information procedures necessary to identify, measure, control, manage and report, on an ongoing basis, the risks to which the Group is or could be exposed, as well as the interdependencies between these risks. This system is integrated into the group’s organisational structure and decision-making procedures and is duly taken into account by the persons who…
The risk management system covers the risks to be taken into account in the calculation of the Solvency Capital Requirement in accordance with Articles R. 356-19 to R. 356-22, as well as risks which are not, or not fully, included in this calculation. This system covers, as a minimum, underwriting and provisioning, asset-liability management, investments, in particular in financial contracts, liquidity and concentration risk management, operational risk management, as well…
I.- With regard to asset and liability management, the participating and parent undertakings referred to respectively in the second and third paragraphs of Article L. 356-2 regularly assess the sensitivity of the prudential technical provisions and the group’s own funds to the assumptions underlying the extrapolation of the relevant risk-free interest rate curve referred to in Article R. 351-3. II – Where the equalisation adjustment referred to in Article R….
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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