By way of derogation from Article
R. 343-14, for undertakings carrying on both the operations referred to in 1° and 2° of Article
L. 310-1whose technical provisions relating to the operations referred to in 1° of Article L. 310-1, calculated in accordance with the provisions in force on 31 December 2015, represented less than 10% of the total amount of the undertaking's technical provisions, calculated on that same date and in accordance with the same provisions, sales of securities valued in accordance with Article
R. 343-9do not give rise to any deduction from or payment to the capitalisation reserve.

