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This draft ITS was publicly consulted by European Insurance and Occupational Pensions Authority (EIOPA) on 3 December 2014 – 2 March 2015.
Implementing Technical Standards define forms, templates and procedures for specific areas under Solvency II. They do not imply strategic decisions or policy choices.
The Solvency II Directive requested the submission of the draft ITS by end of June 2015. However, in anticipation of an amendment to the Commission Delegated Regulation (EU) 2015/35, which would affect the application of the equity transitional, the European Commission requested EIOPA to postpone the delivery of the draft ITS until completion of the modified Delegated Regulation. The amended Delegated Regulation was adopted by the European Commission on 30 September 2015, and will, when it enters into force, extend the application of the transitional measure for equity investments to all equities, including unlisted equities and introduce a simplification for the application of the equity transitional for equity held in collective investment undertakings or investments packaged as funds.
This Final Report includes the feedback statement to the consultation paper (EIOPA-CP-14/051) and the full package of the public consultation, including: