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EIOPA issued the second set of its Solvency II Guidelines

The European Insurance and Occupational Pensions Authority (EIOPA) issued the second set of its Solvency II Guidelines in the official EU languages.
 
The European Insurance and Occupational Pensions Authority (EIOPA) issued the second set of its Solvency II guidelines in the official EU languages - 14 September 2015. This represents an integral part of the process of transition for the implementation of Solvency II framework in the insurance sector that will be applied as from the beginning of January 2016 (after a rather protracted process of preparation). The Guidelines cover different areas from all the three Solvency II pillars (quantitative requirements; governance requirements; reporting and disclosure). EIOPA Guidelines are addressed to National Competent Authorities or Financial Institutions. Their aim is to ensure common, uniform and consistent application of Union law as well as to establish consistent, efficient and effective supervisory practices. CIRSF plans to hold one or more Seminars to discuss the full implementation of Solvency II framework in the insurance sector as part of its program of addressing the major topics in the agenda in terms of the process of overall reform of financial regulation and supervision of the financial sector.

 EIOPA Solvency II Guidelines

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