After numerous discussions with the French Treasury and the ACPR on Class 1 investment firms and their authorisation applications, discussions are continuing on Class 2 investment firms (smaller, non-systemic institutions), with particular focus on the integration of Pillar 2 requirements, namely the additional equity that might be required by the supervisory authority as part of a standardised process.

AMAFI obtained clarification from the ACPR about how Pillar 2 will work and especially about the internal capital-adequacy assessment process and the prudential supervision and assessment process (AMAFI / 22-81).