CEIOPS held its members meeting on 27 and 28 July 2007. The Meeting approved organisational changes for Solvency II work and documents for publication. CEIOPS has decided to revise its operational structure dedicated to the Solvency II project.
CEIOPS QIS 3 will be provided in November 2007 and will form the basis for the conduct of QIS4.
The Meeting approved a CEIOPS Report on the implementation of the rules on eligible elements of capital which are provided in the current insurance Directives.
On the Solvency II work, the Meeting also approved an Issues Paper, on Risk and Governance Issues. It covers high level principles and minimum qualitative requirements which could form the basis of the risk and governance structure of undertakings in this context.
Finally, it approved a Report on the way that EU Member States’ jurisdictions have implemented the various options open to them in the Insurance Groups Directive. Its intended objective is to map the differences in the current national regulatory framework.
The approved documents will be published after editorial refinements.
Press release
© Graham Bishop
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