In preparation for the application of the Solvency II regime the European Insurance and Occupational Pensions Authority (EIOPA) has stated that it will prepare:
. two sets of ITS
- set 1 on the approval processes will be released between April – June 2014 for public consultation with the aim of submitting the final version to the European Commission by 31 October 2014; and
- set 2 on Pillar 1 (quantitative basis), Pillar 2 (qualitative requirements), Pillar 3 (enhanced reporting and disclosure) and supervisory transparency will be released between December 2014 - March 2015 for public consultation with the aim of submitting
the final version to the EC by 30 June 2015
. two sets of guidelines
- set 1 - guidelines relevant for approval processes, including Pillar 1 (quantitative basis) and internal models will be released for public consultation between June – September 2014: and
- set 2 - guidelines relevant for Pillar 2 (qualitative requirements) and Pillar 3 (enhanced reporting and disclosure) will be released for public consultation between December 2014 – March 2015.
Related link:
https://eiopa.europa.eu/activities/insurance/solvency-ii/index.html%20