EIOPA Consults on Changes to Standards on Reporting and Disclosure

The proposed corrections and amendments are intended to improve understanding of the current requirements, ensure consistent application of technical standards, and facilitate reporting and disclosure, in addition to improving the quality of the information reported and disclosed. The consultation package includes:

• Draft amendment to Commission Implementing Regulation (EU) 2015/2450 of December 2015 laying down implementing technical standards on the templates for submission of information to the supervisory authorities
• Draft amendment to Commission Implementing Regulation (EU) 2015/2452 of December 2015 laying down implementing technical standards on the procedures, formats, and templates of the solvency and financial condition report
• Correction to the Guidelines on Financial Stability Reporting in the form of an ERRATA document
• Set of new validations to be included in XBRL taxonomy version 2.3.0, which is expected to be published in July 2018
• Impact assessment and feedback template

The aim of the consultation is to receive input based on the changes stemming from the Delegated Regulation (EU) 2917/1542 on infrastructure corporates, EIOPA Explanatory Notes on Variation Analysis templates, and issues previously identified in the Questions and Answers process. EIOPA will organize a public event on April 12, 2018, to inform stakeholders about the objectives and content of this consultation package and to respond to any open questions. 

Related Links

• Press Release
• Consultation Paper and Related Documents

Comment Due Date: May 11, 2018

Keywords: Europe, EU, Insurance, Financial Stability, Reporting, Disclosure, Implementing Technical Standards, EIOPA