On 2 November 2014, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper regarding the Solvency II risk free interest rate (to be used in the calculation of technical provisions) which EIOPA must determine. This describes the methodology and assumptions which will be used to calculate the rate. EIOPA intends to publish risk free interest rates on a monthly basis from February 2015 in order to provide (re)insurers with a common basis for calculating the value of the financial information they are required to report to their supervisors.  An updated version of the consultation paper was published by EIOPA on 5 November 2014 correcting a number of errors appearing in the original version.