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SET 1 OF IMPLEMENTING TECHNICAL STANDARDS FOR SOLVENCY II

 

On 1 April EIOPA initialized consultation process on Set 1 of its Implementing Technical Standards (ITS) for Solvency II regime. EIOPA is thus following its Solvency II timeline presented at the end of January this year.

First set of ITS is focused on “Approval processes” within the Solvency II regulatory regime, including processes for the approval of the Matching Adjustment, Ancillary Own Funds, Undertaking-Specific Parameters, Internal Models and Special Purpose Vehicles as well as the joint decision process on Group Internal Models.


Participants in the consultation process have time to provide their comments in writing till 30 June 2014. For official statement from EIOPA regarding launching consultations follow this link, all of six papers accompanied with cover note are available here.

   
 
   
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