On 10 September, a European Commission Implementing Regulation was published in the Official Journal of the EU laying down the implementing technical standards (ITS) setting out the procedures for the application of the transitional measure for the equity risk sub-module in accordance with Solvency II. The Implementing Regulation sets out procedures for the appropriate identification and documentation of equities to which the transitional measures apply and in particular how (re) insurers are to show that the purchase of those equities took place on or before 1 January 2016. The Implementing Regulation is based on the draft ITS submitted to the Commission by EIOPA.

The Implementing Regulation entered into force on 30 September.

A link to the Implementing Regulation is here.