Throughout August 2010, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) revised and substantially updated its QIS5 website with various documents, IT tools, spreadsheets and questionnaires. The QIS5 exercise was formally launched on 23 August 2010 by a press release of the European Commission, and all EU insurance and reinsurance companies are strongly encouraged to participate. This exercise is due for completion in November 2010.