The European Insurance and Occupational Pensions Authority (EIOPA) published today the Final Reports on the public consultation related to the first set of the draft Guidelines for Solvency II.

These Guidelines are complementing the first set of Implementing Technical Standards, in particular with respect to Pillar I. They cover different Solvency II areas: own funds; the standard formula SCR; technical provisions; group solvency; internal models; ORSA and governance; supervisory review process; equivalence.

EIOPA intends to issue the Guidelines in all the official EU languages in the first quarter of 2015. Afterwards the National Competent Authorities (NCAs) will need to confirm to EIOPA within 2 months their compliance or intention to comply with these Guidelines.

The Final Reports containing the draft Guidelines as well as the impact assessment and the resolution of comments can be viewed here​.