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29 September 2010

CEIOPS consults on its draft methodology for equivalence assessments under Solvency II


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The proposed methodology has been developed for use in respect of assessments undertaken by CEIOPS, and in the future by EIOPA. CEIOPS has concentrated on the procedural aspects relevant to equivalence assessments.


CEIOPS notes that the Solvency II Directive anticipates that in circumstances where the Commission has not taken a decision on the equivalence of a particular third country then under Article 227 the group supervisor shall carry out any verification of the equivalence of the third country regime for the purpose of the group solvency calculation on its own initiative or at the request of the participating undertaking.
Deadline for comments is 22 October 2010.


© CEIOPS


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