Commission Note on Impact Assessment of the Solvency II
08 November 2005
The Commission published a note on the timing and organisation of work with regard to the Impact Assessment of the Solvency II Level 1 Directive. The purpose of this note is to describe in some detail the function and the structure of the Impact Assessment (IA) report that should accompany the Solvency II Level 1 Directive. The note presents the timing for certain milestones in the preparation of the IA report. It furthermore discusses its relationship to quantitative impact studies and suggests a streamlining of terminology.
The note takes into account comments made during a preparatory meeting on 8 July 2005 with members of the CEIOPS Financial Stability Committee’s QIS taskforce.
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