EIOPA sets up timeline for delivery of Solvency II ITS and Guidelines

31 January 2014

The overall goal of the project is to deliver the regulatory and supervisory framework for the technical implementation of the Solvency II regime from the first day of application, 1 January 2016.

It is of high importance to ensure a timely and proportionate application of Solvency II. 

Timeline:

• April – June 2014: Public consultation on the Set 1 of the ITS
• June – September 2014: Public consultation on the Set 1 of the Guidelines
• 31 October 2014: Submission to the EC of the Set 1 of the ITS
• December 2014 – March 2015: Public consultation on the Set 2 of the ITS
• December 2014 – March 2015: Public consultation on the Set 2 of the Guidelines
• February 2015: Publication of the Set 1 of the Guidelines in all the official EU languages
• 30 June 2015: Submission to the EC of the Set 2 of the ITS
• July 2015: Publication of the Set 2 of the Guidelines in all the official EU languages
• 1 January 2016: Application of the Solvency II regime

EIOPA will benefit from the input provided by all the interested parties during the public consultation process and in particular from the close liaison with its Insurance and Reinsurance Stakeholder Group.

Full information

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