The European Insurance and Occupational Pensions Authority launched today a public consultation on revised Guidelines on the methods for determining the market share of undertakings that can make use of limited reporting requirements under Solvency II.
In the wake of the recent Solvency II Review, EIOPA is reviewing its previous Guidelines to ensure that they are in line with the amended regulatory framework and to shorten and simplify them wherever possible.
The practical application of the Guidelines for determining market shares for limited supervisory reporting has shown over the past years that the guidelines could benefit from targeted improvements. Specifically, there is a need to clarify the roles of supervisory authorities and undertakings in the process to inform the insurance and reinsurance undertakings about any limitation, and to promote the use of exemptions or reduced reporting requirements to achieve a level playing field. The Consultation Paper puts forward proposals to address and improve these aspects.
Consultation process
EIOPA invites stakeholders to provide their feedback on the Consultation Paper by responding to the questions via the online survey no later than 28 April 2025. All responses will be published on EIOPA’s website unless otherwise requested.