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Authorisation, Licencing and Regulation Directorate

The Authorisation, Licencing and Regulation Directorate is responsible for authorisations and other licenses linked to authorisations, during the life of institutions, especially for takeovers, restructuring and changes in managers, in both sectors. It is also in charge of the follow-up of application dossiers prior to appoint the auditors of institutions subject to the Authority’s supervision. More generally, it monitors up the civil status of persons authorised, licensed or recorded by the Authority and ensures the creation and publication, when appropriate, of these persons. Moreover, it ensures the secretariat on behalf of the Consultative Committee of Financial Legislation and Regulation, which gives its opinion on draft texts on both sectors.

 

It is composed of four divisions:

 

Banks and Investment Firms Division

The Banks and Investment Firms Division is responsible for these two types of institutions.

Insurance Institution Division

The Insurance Institutions Division (SOA) is responsible for all institutions of the insurance sector that fall under the Insurance Code, the Mutual Insurance Code or the Social Security Code. The SOA also deals with all issues about the granting of authorisation for European passport in the insurance sector.

Specialised Procedures and Institutions Division

The Specialized Procedures and Institutions Division is responsible for supervised institutions subject to ACPR’s licences or authorisations other than credit institutions or investment firms (payment and electronic money institutions, money changers…), for conducting procedures regarding auditors of supervised institutions and granting European passports for the financial sector (excluding insurance)

Financial Regulation Division

The Financial Regulation Division ensures the secretariat of the Consultative Committee of Financial Legislation and Regulations. It analyses general and legal questions linked to the authorisation scope and the monopoly of financial activities, and brings a legal expertise on authorisations and licenses applications.

Updated on: 09/19/2017 18:10