EIOPA Launches Solvency II Single Rulebook for Insurance Sector
EIOPA launched Single Rulebook, an online tool intended to promote consistent implementation of the regulatory framework for insurance supervision across EU. EIOPA published a pilot Rulebook for Solvency II, comprising Directive 138/2009/EC, Delegated Regulation (EC) 2015/35, Delegated Regulation (EC) 2016/467, Delegated Regulation (EC) 2018/1221, and Implementing Technical Standards adopted by EC, in addition to the EIOPA Guidelines, Opinions, Supervisory Statements, and Questions and Answers (Q&A). EIOPA plans to expand the scope of the Single Rulebook by adding questions and answers submitted via the dedicated Q&A process of EIOPA.
The Single Rulebook will provide access to key regulatory and supervisory texts in the scope of the EIOPA activity. The main benefit of the Single Rulebook is that enables the navigation across different legal acts such as the Directive, Delegated and Implementing Regulations as well as EIOPA Guidelines, Recommendations, Opinions, and Supervisory Standards. This aim of this tool is to improve the understanding of the applicable rules and to promote the European internal market.
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Keywords: Europe, EU, Insurance, Solvency II, Single Rulebook, Q&A, EIOPA
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