On Jun. 27, FR GVT issued rules for sharing potential compensation.
FR GVT published Decree on the conditions for sharing potential compensation in event of restricted liquidity conditions of units set in last sentence of second paragraph of article L. 132-5-4 of Insurance Code for contracts falling under Social Security Code.
The various changes are contained in a new Decree (Dec 2024-597), of Jun. 25, 2024.
Article 1 Changes
In fifth paragraph of Article D. 932-3 of the Social Security Code, after Investment charges are inserted the words: , to which are added the compensation provided for in the second paragraph of the article R. 132-5-3 of the Insurance Code, to clarify rules.
Effectiveness
The changes in terms of the new Decree will now all come into force on Oct, 24, 2024.
Regulators
FR GVT
Entity Types
Ins
Reference
OG JORF 0150, 6/27/2024; Dec 2024-597, 6/25/2024; Citation: Dec 2024-597;
