Last week, the European Insurance and Occupational Pensions Authority (EIOPA) published 18 reports containing the final version of the majority of the first set of guidelines required under the Solvency II Directive. EIOPA expects that the comply-or-explain procedure relating to these guidelines will run from February 2015 to March 2015.

EIOPA also issued 16 consultations relating to the second set of draft Implementing Technical Standards (ITS) and Guidelines required under Solvency II. Guidelines on third country branches and on technical advice relating to regulatory technical standards (RTS) on recovery plans and finance schemes were also published. Responses to the consultations are requested by March 2, 2015, with the exception of the consultation on the technical advice for which responses are requested by February 18, 2015.