EIOPA published Recommendations on Supervisory Flexibility

  • 8th April 2020

EIOPA published Recommendations on Supervisory FlexibilityTechnical specifications for EIOPA recommendations on supervisory flexibility regarding the deadline of supervisory reporting and public disclosure.

EIOPA published ‚ÄúRecommendations on supervisory flexibility” regarding the deadline of supervisory reporting and public disclosure as a response for the increasingly difficult conditions in the immediate future regarding running the business and its continuity caused by the epidemic of Coronavirus/COVID-19.

In order to ensure the technical implementation of the Recommendations with the 2.4.0 Solvency II taxonomy, EIOPA providing detailed technical instructions to be followed by the insurance and reinsurance undertakings, as well as by the Competent Authorities.

EIOPA highlights the importance for Supervisors to receive timely and accurate Solvency II reporting as soon as available and in particular under the current circumstances. On this basis, and in order to facilitate the reporting for the undertakings facing unavailability of human or technical resources due to coronavirus COVID-19, EIOPA has provided recommendations on the reporting timelines for some templates.

More information about the Technical specifications & FAQ

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