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Article L384-3 of the French Insurance Code

Supplementary occupational pension funds may be authorised, under the conditions defined in Article L. 324-1, to transfer all or part of their portfolio of contracts to one or more supplementary occupational pension funds, mutual insurance companies or supplementary occupational pension unions referred to in Article L. 214-1 of the French Mutual Code and institutions for supplementary occupational retirement provision referred to in Article L. 942-1 of the French Social Security…

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Article L384-4 of the French Insurance Code

I. – When the mergers or demergers referred to in article L. 236-1 of the French Commercial Code involve transfers of contract portfolios carried out under the conditions provided for in article L. 384-3 of this Code, articles L. 228-65, L. 228-73, L. 236-13, L. 236-14, L. 236-15, L. 236-18 and L. 236-21 of the French Commercial Code do not apply. II. – When the merger or demerger does not…

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Article L384-5 of the French Insurance Code

I. – The assets transferred with a portfolio of supplementary occupational pension contracts by a life insurance or capitalisation undertaking or a supplementary occupational pension fund are allocated to a separate accounting section of the balance sheet of the undertaking or fund receiving the contracts. For the purpose of calculating the participation in profits relating to these assets provided for in article L. 132-29, no account is taken of the…

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Article L385-3 of the French Insurance Code

Each year, supplementary occupational pension funds carry out a stress test designed to assess their ability to meet their commitments to their policyholders, members and participants, particularly in certain scenarios representing deteriorated market conditions.

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Article L385-5 of the French Insurance Code

Chapter IV of Title V of this book applies to supplementary occupational pension funds, subject to adaptations specified by regulation. The governance system takes into account environmental, social and governance factors related to the investment assets when making investment decisions.

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Article L385-6 of the French Insurance Code

I. – Supplementary occupational pension funds shall regularly transmit to the Autorité de contrôle prudentiel et de résolution the information necessary for the exercise of its supervision, including in particular : – the report on the solvency and financial situation referred to in Article L. 385-7 ; – the regular report to the supervisor; – annual and, where applicable, quarterly quantitative statements, according to a format and procedures defined by…

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Article L385-7 of the French Insurance Code

Without prejudice to their other information obligations, supplementary occupational pension funds shall publish an annual report on their solvency and financial situation. In the event of a major event significantly affecting the relevance of the information contained in this report, the funds shall publish information on the nature and effects of this event. Supplementary occupational pension funds shall put in place appropriate structures and systems to meet the requirements set…

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