The European Insurance and Occupational Pensions Authority (EIOPA) has published a new set of Q&As on (i) EU Regulation 2015/2450 covering the templates to submit information to the supervisory authorities and (ii) Regulation No 2015/2452 with regard to the procedures, formats and templates of the Solvency and Financial Condition Report. It includes Q&As on the guidelines covering the loss-absorbing capacity of technical provisions and deferred taxes.
The Q&As provide a clearer understanding and interpretation of the various provisions contained in the Regulations giving the industry a stronger base, consistency and effectiveness. The new streamlined explanations further contribute to supervisory convergence in the EEA within EIOPA’s field of operation. The Q&As are the result of ongoing deliberations between EIOPA and the Commission to ensure consistency between the responses and European legislative texts.
Q&As are available at the EIOPA Website.