1° Supervision of the solvency of the group is exercised in accordance with the provisions of this Section and Sections II, IV, V and VI of this Chapter; 2° In the case of group supervision referred to in the second paragraph of Article L. 356-2, the participating insurance or reinsurance undertaking shall ensure that the group always has an amount of eligible own funds at least equal to the Solvency…
The Autorité de contrôle prudentiel et de résolution, in its capacity as group supervisor, may impose a capital add-on to the group Solvency Capital Requirement where it considers that the risk profile of the group is not adequately reflected in that capital. The authority imposes this requirement under the conditions set out in Article L. 352-3.
The Autorité de contrôle prudentiel et de résolution shall supervise risk concentration and intra-group transactions at group level in accordance with the provisions of Sections II, IV, V and VI of this Chapter.
A decree in the Conseil d’Etat shall specify the conditions of application of this section.
I.-The participating and parent undertakings referred to in the second and third paragraphs of Article L. 356-2 respectively shall set up a system of governance which guarantees sound and prudent management of the business at group level and which is subject to regular internal review. This system of governance shall be based on a clear separation of responsibilities at group level and shall include an effective system for the transmission…
The participating and parent undertakings referred to respectively in the second and third paragraphs of Article L. 356-2 : 1° Set up a risk management system at group level. This system shall be applied consistently in all undertakings subject to group supervision pursuant to Article L. 356-2, so that it can be monitored at group level; 2° Carry out an internal assessment of risks and solvency at group level. Where…
As group supervisor, the Autorité de contrôle prudentiel et de résolution shall supervise the systems, procedures and internal assessment of the group’s risks and solvency referred to in Articles L. 356-18 and L. 356-19 in accordance with the provisions of Section II of this Chapter.
A decree in the Conseil d’Etat shall specify the conditions of application of this section.
I.-The Secretary General of the Autorité de contrôle prudentiel et de résolution may ask undertakings subject to group supervision pursuant to Article L. 356-2 as well as affiliated or participating undertakings having their registered office in France and natural persons having close links with these undertakings for any data or information which may be relevant for the purposes of group supervision. The Secretary General of the Autorité de contrôle prudentiel…
The participating and parent undertakings referred to in the second and third paragraphs of Article L. 356-2 respectively shall set up appropriate structures and systems at group level to meet the requirements set out in Articles L. 355-2, L. 355-3 and L. 356-21 and Article L. 612-24 of the Monetary and Financial Code. Pursuant to the provisions of Article L. 356-18, they shall draw up written policies guaranteeing that the…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
