Following EIOPA’s Consultation on the Review of technical implementation means for the package on Solvency II supervisory reporting and public disclosure, the secretariat of Insurance Europe has prepared a first draft industry response based on members’ input.
Final industry response – Consultation reporting third wave.pdf
As submitted to EIOPA submission – Final industry response – Consultation reporting third wave.pdf
EIOPA has published on 5 February the third wave of the reporting consultation in the context of the 2020 review, in which it consults on the “Review of technical implementation means for the package on Solvency 2 Supervisory Reporting and Public Disclosure” (here) until 20 April 2020.
EIOPA has extended the deadline to 1 June (previously 20 April) for responding to the consultation.
EIOPA highlights it aims to improve the efficiency and effectiveness of the reporting and disclosure framework, thereby reducing the costs associated to the processes. In this context, EIOPA notes its proposals in this technical area contribute further to the proportionality and cost efficiency the framework.
Specifically, during this consultation EIOPA will consider if for the narrative reports, ie the SFCR and RSR, more details on the type of digital format should be reflected in the legislation (level 2) or the EIOPA Guidelines on reporting and public disclosure.