EIOPA has published its final report on its consultation on ITS setting out procedures for the application of transitional measures for calculating the equity risk sub-module under Solvency 2. The ITS provide guidance on the application of the equity transitional for firms calculating their solvency capital requirement using the standard formula. The transitional is to be applied to equities listed in certain regulated markets that were purchased on or before 1 January 2016, and which are not subject to the duration-based equity risk under Solvency 2. The report includes a feedback statement to EIOPA’s 2014 consultation on the draft ITS. The draft ITS will now be submitted to the Commission, which will forward them to the EP and Council. (Source: EIOPA Reports on Solvency 2 ITS)