EIOPA’s plans to only publish a timeline for the 2020 review after the EIOPA BoS of end-March, as they wish to get a sign-off from their members before they release the timeline to the public.
So the timeline will only become clear once EIOPA approves it in the BoS. However, please note below the information that Insurance Europe got from EIOPA regarding its tentative timeline (tbc at BoS):
– April 2019: discussion paper on macroprudential tools to include in Solvency II. Please note that we have information that EIOPA does plan to go beyond the closed list of 4 topics included by the Commission in its Call for Advice – so please engage with your repective supervisors to learn more about this.
– July-August 2019: consultation on reporting and disclosures
– October-December 2019: 3-month consultation on a comprehensive list of areas of the Call for Advice
As a reminder, EIOPA needs to submit its advice for the 2020 review to the Commission before 30 June 2020.
In addition, please note that EIOPA will also consult on the draft opinion for embedding sustainability in Pillar 1 of Solvency II in June/July 2019 (tbc), and it needs to submit this to the Commission before 30 September 2019.