The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has published a methodology for the assessment of the equivalence of third country professional secrecy standards. The methodology adopted by CEIOPS is similar to the approach agreed by its members for the assessment of equivalence in respect of the Reinsurance Directive in that it identifies:
- Key principles encapsulated in the reinsurance legislation regarding professional secrecy.
- The objectives each principle seeks to achieve.
- Core indicators of equivalence.