General Update

  • BIBA response to budget
  • ABI response to budget
  • ABI figures on insurance frauds 2014
  • ABI sets out requirements to create a secondary annuity market
  • IADI guidance on effective deposit insurance systems
  • Insurance Europe raises concerns on IFRS 9 implementation for insurers
  • EIOPA 2014 Annual Report

To view the summaries in full, click here.

  • Data Protection 

    Article 29 Working Party's opinion on the draft Data Protection Regulation
  • Cybersecurity Directive: Council announces agreement on the main principles but the detailed scope is still to be discussed

To view the summaries in full, click here.

New Legislation & Consultations

  • Agreement reached on Insurance Distribution Directive
  • Council Presidency publishes notes on Insurance Distribution Directive
  • COREPER approves final compromise text of Insurance Distribution Directive
  • HMRC consultation on Taxation of Regulatory Capital Securities (Amendment) Regulations 2015
  • Joint Committee of ESAs discussion paper on Key Information Documents for PRIIPs
  • IAIS consultation on higher loss absorbency capacity for G-SIIs
  • IAIS consultation on draft application paper on regulation and supervision of captive insurers
  • IAIS consultation on conduct of business risk and its management

To view the summaries in full, click here.

Regulatory Developments

? PRA general insurance stress test 2015

To view the summaries in full, click here.

Solvency II

  • PRA will decide on Solvency II matching adjustment applications in late October 2015
  • PRA Solvency II update for directors
  • PRA updates supervisory statement on applying EIOPA's set 1 Solvency II guidelines
  • PRA publishes supervisory statement on treatment of sovereign debt in internal models
  • BoFE speech on Solvency II
  • Correspondence on Solvency II Regulation published by ECON and EC
  • EIOPA consultation on infrastructure investment risk categories
  • EIOPA publishes final report on ITS the procedures and templates for the submission of information to the group supervisor as well as the exchange of information between supervisory authorities
  • Solvency II risk free interest rate coding input required by EIOPA
  • Council of EU does not to object to delegated acts relating to EMIR and Solvency II and adopts SRM Regulation decision
  • EIOPA calls for high quality public disclosure under Solvency II
  • EIOPA publishes final reports on Set 2 Solvency II ITS and guidelines

To view the summaries in full, click here.