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ARTICLE · 22 SEPTEMBER 2009

Solvency II – Implementing Measures Shedding Light On The Future Requirements

Deloitte
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On 2 July 2009, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) issued its second set of draft technical advice on Level 2 implementation measures for consultation.

United KingdomInsurance
Deloitte Financial Services Group
Deloitte Financial Services Group
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Introduction

On 2 July 2009, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) issued its second set of draft technical advice on Level 2 implementation measures for consultation.

Following on from the first set of consultation papers ("CPs") released earlier in March this year, this draft advice covers a range of topics across the entire Solvency II spectrum, addressing aspects of the Minimum Capital Requirement (MCR), the Solvency Capital Requirement (SCR) Standard Formula, Internal Model, Own Funds, Reporting and the Supervisory Review Process.

This draft advice will influence the final shape of insurance regulation across European Union member states, with final advice on these implementing measures due to be submitted to the European Commission in January 2010. The second set of papers is subject to a ten week consultation period ending at 4pm CET on 11 September 2009. We welcome the opportunity that this consultation

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