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Following the consultation process on the QIS for the holistic balance sheet (HBS) approach, for which EIOPA received 117 responses, a spokeswoman from the authority told IPE in a previous interview that EIOPA was unsure whether it would be able to publish the feedback at the end of September as was originally planned. But the European Commission is now aiming to stick with its original timetable and expects to launch the QIS around 19 October.
Chris Verhaegen, chair of EIOPA's Occupational Pensions Stakeholder Group (OPSG), told IPE it was clear at the OPSG meeting last week that EIOPA did not expect to stray from the Commission's mandated timeline. She added that EIOPA was working "very closely" with the Commission to prepare the QIS exercise.
The consultation paper was the first step towards an actual QIS exercise. Since the public consultation process – which ended on 31 July – EIOPA has been reviewing all the responses provided by the industry.
Under the original plan set by the Commission, EIOPA was expected to publish its feedback on the 117 responses at the end of this month, while sending its recommendation for conducting the QIS to the Commission. While EIOPA still intends to send its technical specifications for conducting the QIS to the Commission for approval at the end of this month, it aims to publish its feedback on the responses at a later stage.
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