EIOPA TIMELINE FOR THE NEXT SII PROGRESS

EIOPA sets up the timeline for the delivery of Solvency II Implementing Technical Standards and Guidelines

On 31 January EIOPA disclosed the timeline for the delivery of the Solvency II Implementing Technical Standards and Guidelines. As stated on its official website, EIOPA is aiming to deliver the regulatory and supervisory framework for the technical implementation of the Solvency II regime from the first day of application, 1 January 2016.

Both ITS and Guidelines will be delivered in two sets, covering "Approval processes" and requirements on Pillar 1 (quantitative basis), Pillar 2 (qualitative requirements), Pillar 3 (enhanced reporting and disclosure) and supervisory transparency. More detailed information are available on EIOPA´s official website.

http://archive.eiopa.europa.eu/activities/insurance/solvency-ii/index.html