12/05/2025 | Press release | Distributed by Public on 12/05/2025 07:07
The European Insurance and Occupational Pensions Authority (EIOPA) launched today two consultations on draft revised Guidelines on group solvency as well as on supervisory reporting and public disclosure.
In the context of the Solvency II review, EIOPA is examining all existing Guidelines to ensure their continued alignment with the amended regulatory framework. At the same time, the Guidelines are being streamlined and simplified wherever possible to reduce complexity for undertakings and supervisors, without compromising the effectiveness of supervision.
Draft revised Guidelines on group solvency
The revised Guidelines on group solvency update the original 2015 text to reflect the amended Solvency II framework and update provisions to further clarify solvency calculations. Guidelines considered redundant, unclear, or no longer consistent with the legal framework are proposed for deletion, resulting in a 63% reduction in the number of individual Guidelines.
Draft revised Guidelines on reporting and public disclosure
The Guidelines on reporting and public disclosure have since 2015 specified the minimum content of certain sections to be included in Regular Supervisory Reports (RSR) and Solvency and Financial Condition Reports (SFCR). Given amendments from the Solvency II review, in particular the introduction of a new SFCR structure, the Guidelines required an update. As with the group solvency Guidelines, provisions considered redundant, insufficiently clear or no longer consistent with the revised legal framework are proposed for deletion, leading to a 44% reduction in the number of individual Guidelines.
The proposed amendments to both sets of Guidelines are intended to provide clarification and streamline existing material, without reducing supervisory expectations. They do not introduce new guidance on the application of the legal framework.
Consultation Process
EIOPA invites stakeholders to provide their feedback on the consultation papers by responding to the questions via the online surveys no later than February 27, 2026. All responses will be published on EIOPA's website unless otherwise requested.