The Commission has written to CEIOPS asking it to assess Bermuda and Switzerland for the purposes of the equivalence tests in Solvency II, and to assess Japan for the reinsurance equivalence test only. It will not publish equivalence assessments until July 2012. In the meantime, it will consult on its Level 2 proposals on the equivalence test and will also consider a form of transitional arrangement for countries that have not been assessed when Solvency II takes effect, particularly the US.