Groupama // Universal Registration Document 2022

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ADDITIONAL INFORMATION Regulatory environment

8.3.6

OTHER REGULATIONS

The Groupama group has organised itself to apply IFRS 17 within the required time frame, i.e. , for the financial statements as at 30 June 2023. Work to adapt existing tools and roll out the new tool dedicated to the implementation of IFRS 17 is continuing. At this stage, they do not allow the disclosure of impacts on the financial statements. This work is being carried out in conjunction with the work on analysing the impacts of IFRS 9. With regard to IFRS 9 on financial instruments adopted in November 2016 by the European Union, the Group has elected to defer application until the fiscal year beginning on or after 1 January 2023 in accordance with the amendments to IFRS 4 “Applying IFRS 9 – Financial Instruments with IFRS 4 – Insurance Contracts” and “Extension of the temporary exemption from applying IFRS 9”, which allow groups whose main activity is insurance to defer application of IFRS 9 until annual financial periods beginning on or after 1 January 2023 at the latest. The Group meets the eligibility criteria defined in the amendment to defer the application of IFRS 9.

Beyond the regulations specific to insurance or the financial sector, the Group’s entities, like any economic agent, must comply with the general regulations applicable in the country where they operate. In particular, the law of 9 December 2016 on transparency, the fight against corruption and the modernisation of economic life, known as “Sapin 2”, requires large companies to have a system for preventing, detecting, and managing the risks of corruption and influence peddling in France or abroad or face administrative or criminal sanctions. The French Anti ‑ Corruption Agency issues guides and recommendations for regulated players. In this respect, the Group implemented an anti ‑ corruption programme including risk mapping, a process for evaluating customers and third parties, a monitoring and training programme, and a Code of Conduct, incorporating whistleblowing, for employees.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES