Market participants and (re)insurance stakeholders can provide feedback on the draft ITS on the procedures and templates for the submission of information to the group supervisor, as well as the exchange of information between supervisory authorities, especially within colleges of supervisors.
The Implementing Technical Standards (ITS) published by the European Insurance and Occupational Pensions Authority (EIOPA) aims to facilitate the information exchange between supervisors.
The standard aims to facilitate the information exchange between supervisors. The procedures and templates should ensure that supervisors in their daily business can take into account the nature, scale and complexity of the group; the availability and type of information; as well as the most recent and relevant data.
The consultation will end on 22 May 2015. EIOPA will send the ITS to the European Commission by 30 June 2015 for final endorsement, after which the ITS will be translated into all the EU official languages and will become legally binding.
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