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Showing 9411–9420 of 43703 articles for “Art. 206-2”
For the purposes of applying the penalties listed in this chapter, the following are deemed to be company directors: the chairman and managing director, the chairman, the directors, the managing direc…
The provisions of this chapter are applicable in the French Southern and Antarctic Territories and in the Wallis and Futuna Islands.
The Board of Directors or the Supervisory Board sets the investment policy guidelines at least once a year. In particular, it decides on the procedures for selecting financial intermediaries, on asset…
Subject to the provisions of this code and the adaptations made necessary by the accounting requirements of the Autorité des normes comptables (French accounting standards authority) which apply to th…
Where the guarantees of a contract are expressed in a specific currency, the commitments of the insurance undertaking referred to in Article R. 343-1 are denominated in that currency. Where the guaran…
The amounts of ancillary own funds items to be taken into account to determine prudential own funds within the meaning of Article L. 351-6 are subject to the prior approval of the Autorité de contrôle…
Surplus funds consist of accumulated profits which have not yet been made available for distribution to policyholders, contract beneficiaries and reinsured undertakings. These surplus funds are not co…
I.-Equity items are classified into three tiers. This classification depends on whether they are basic own funds or ancillary own funds and on the following characteristics of permanent availability a…
The use of a model or data from a third party does not exempt insurance and reinsurance undertakings from the requirements applicable to the internal model referred to in Articles R. 352-18 to R. 352-…
Insurance and reinsurance undertakings shall draw up documentation describing the details of the design and operation of their internal model. This documentation shall demonstrate that the undertaking…
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