The European Insurance and Occupational Pensions Authority (EIOPA) published today the Final Reports, which contain the Advices to the European Commission (EC) regarding the full equivalence assessments of Bermuda, Japan and Switzerland.
The reports will allow the EC to take fully-informed decisions in 2015 in relation to these third countries' regimes.
The Solvency II equivalence criteria are based on the overarching principles of Solvency II and include requirements relating to the system of governance, professional secrecy and the exchange of information, effective risk management, solvency, and powers and responsibilities of supervisory authorities.
The Final Reports include an annex with the resolution of comments received by EIOPA during the public consultation.
The documentation can be viewed here:
Final Report on full equivalence assessment of Bermuda: https://eiopa.europa.eu/Pages/Consultations/CP-14042.aspx
Final Report on full equivalence assessment of Japan: https://eiopa.europa.eu/Pages/Consultations/CP-14043.aspx
Final Report on full equivalence assessment of Switzerland: https://eiopa.europa.eu/Pages/Consultations/CP-14041.aspx