French Insurance Code

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.

Provisions relating to risks transferred to a supplementary occupational pension fund, an insurance company, a reinsurance company, a mutual insurance company or union governed by Book II of the Mutual Insurance Code or a provident institution or union governed by Title III of Book IX of the Social Security Code may be represented unconditionally by a claim on the fund, company, mutual insurance company or union or institution. By way…

Supplementary occupational pension funds may grant unsecured loans under the conditions set out in the fourth to seventh paragraphs of 1° of article R. 332-13.

Articles R. 332-45 to R. 332-58 apply to supplementary occupational pension funds.

I. – Chapter VIII of Title I of Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II), in the version in force on the date of publication of Decree 2017-1171 of 18 July 2017 laying down the rules applicable to supplementary occupational pension funds, shall…

Where supplementary occupational pension funds use references to credit ratings issued by credit rating agencies within the meaning of Article 3(1)(b) of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, the Autorité de contrôle prudentiel et de résolution, taking into account the nature, scale and complexity of such transactions, shall monitor the adequacy of the credit assessment processes…