EIOPA publishes the final Guidelines for the preparation of Solvency II
SEPTEMBER 30, 2013
  • EIOPA received over 4000 comments while publicly consulting on the Guidelines on the preparation for Solvency II;
  • Guidelines allow for gradual and proportionate preparation for Solvency II by both national supervisors and industry through the “phasing-in” and threshold provision;
  • National supervisors are expected to ensure that insurance companies and groups take active steps towards implementing the Guidelines;
  • EIOPA intends to issue the Guidelines in all the official EU languages on 31 October 2013 with the application date of 1 January 2014;

Read full EIOPA Press Release.