Under the plans originally set by the Commission, EIOPA was expected to launch the quantitative impact study (QIS) on the HBS approach in early May, with the view to publishing its results at the end of September. At a public hearing in Brussels earlier this year, EIOPA chairman, Gabriel Bernardino, said the Commission would then study the results "carefully", aiming to publish a draft version of the revised IORP Directive in late November or December.
However, EIOPA will now be looking at launching the QIS at the end of May, postponing the publication of its results to the first quarter of 2013. This means a draft version of the new Directive might not be ready before next June.
EIOPA declined to confirm or deny revisions to the timeline, saying only that talks with the Commission were still ongoing. A spokeswoman at the authority said: "EIOPA is currently discussing with the European Commission the timeline for the conduct of the QIS, as well as the publication of its results, and has not yet reached any final decision".
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