CASE COMMENTS: REGULATION – FINANCIAL MARKETS – SOFT LAW

Insurance: The French Supreme Administrative Court controls the legality of a recommendation made by the Prudential Supervision and Resolution Authority (Fédération française des sociétés d’assurance)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. The French Federation of Insurance Companies brought an action before the Conseil d'État on grounds of misuse of powers against Recommendation 2014-R-01 of 3 July 2014 of the Autorité de contrôle prudentiel et de résolution (ACPR) on agreements concerning the distribution of life insurance contracts concluded between insurance companies and insurance intermediaries. As part of its mission to protect customers, the ACPR may, pursuant to Article L. 612-29-1 of the Monetary and Financial Code, note the existence of good professional practices or make recommendations for good practices. If failure

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  • Strasbourg Institute of Political Sciences

Quotation

Jean-Philippe Kovar, Insurance: The French Supreme Administrative Court controls the legality of a recommendation made by the Prudential Supervision and Resolution Authority (Fédération française des sociétés d’assurance), 26 June 2016, Concurrences Nº 3-2016, Art. N° 80884, p. 164

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