CEIOPS Consultation on the Implications of IAS/IFRS

29 November 2004

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) issued its third consultation paper dealing with the implications of IAS/IFRS introduction for the prudential supervision of insurance undertakings.

The paper outlines the possible countermeasures national supervisors may need to adopt to avoid that the move towards IAS has undesired effects on the current solvency regime.

Except in one single case, these countermeasures can largely be implemented without any change of the Directives since they aim to maintain the current standard of prudence of the supervisory system.

Comments are wellcomed by 1 March 2005.

Document
Annex 1
Annex 2
Annex 3

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