EIOPA Proposes Amendments for the Supervisory Reporting Templates under Solvency II

June 03, 2016

The European Insurance and Occupational Pensions Authority (EIOPA) published yesterday a draft amendment to the Implementing Technical Standards (ITS) on the templates for the submission of information to the supervisory authorities. The draft ITS has been submitted to the European Commission for endorsement.

The proposed amendment is required to collect meaningful information for supervisory purposes while minimizing the impact of implementation on the industry and national supervisors.

To ensure timely reporting with reference date by 31 December 2016, EIOPA will issue the adapted XBRL taxonomy (version 2.1.0) in July 2016. The Public Working Draft (2.1.0 PWD) of this taxonomy was published on 1 June 2016.

To view the draft amendment visit the EIOPA website here.

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