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The European Insurance and Occupational Pensions Authority (EIOPA) published the Final Reports on the public consultation related to the Solvency II Guidelines on the System of Governance and the Own Risk and Solvency Assessment (ORSA).
The Guidelines on the System of Governance set out the requirements for the sound and prudent management of undertakings without unduly restricting them.
EIOPA intends to issue the guidelines in all official EU languages in April 2015. They will become applicable on 1 January 2016.