The ACPR has a total of six months to reach its decision from the date on which it receives a completed application
The ACPR has a total of six months to reach its decision from the date on which it receives a completed application.
In granting licenses, the ACPR usually bases its decisions on the following criteria:
For insurance institutions, a licence may be granted conditional upon the applicant’s compliance with certain commitments. The ACPR may refuse to issue a licence if it observes that the exercise of supervisory powers could be hampered by the existence of ownership links between the applicant and other legal or natural persons or by legislation, regulations or administrative provisions of a country not belonging to the European Economic Area covering one or more of those persons.
Reference texts :
|Provisions||Monetary and Financial Code||Insurance Code||Mutual Insurance Code||Social Security Code|
|ACPR deadline and rejection||R 321-4||R 211-3||R 931-2-2|
|Advisory opinion||L 612-46||R 211-9|
|Issuance criteria||L 321-10||L 211-8||L 931-4|
Updated on: 07/13/2017 15:51