On 5 June 2015, the European Commission adopted its first third country equivalence decisions under Solvency II relating to Switzerland, Australia, Bermuda, Brazil, Canada, Mexico and the USA. Full equivalence (for an indefinite period) has been granted to Switzerland for reinsurance, solvency and group supervision under Articles 172, 227 and 260. Provisional equivalence (in respect of solvency calculation) has been granted for the other countries for a period of 10 years from 1 January 2016.  The decisions will need to be reviewed by the European Parliament and the Council of the EU (within three months or, if that period is extended, six months).