On 14 June 2013, the European Insurance and Occupational Pensions Authority ("EIOPA") published a report containing its technical findings on the long-term guarantee assessment ("LTGA") conducted as input to the political discussions on finalisation of the Omnibus II Directive. The LTGA tested the so-called long-term guarantee package, a set of potential measures aimed at ensuring an appropriate supervisory treatment of long-term guarantee products, under volatile and exceptional market conditions. EIOPA concluded that the final long-term guarantee package to be included in the Solvency II framework should fulfil a number of principles in order to ensure a high degree of policyholder protection, as well as effective supervisory process such as alignment with the Solvency II framework and the economic balance sheet concept; full consistency and comparability in order to enhance the single market; efficient linking of all three pillars (quantitative basis, qualitative requirements and enhanced reporting and disclosure). On the basis of its assessment and these principles it support the inclusion of some of the measures tested including extrapolation, classical matching adjustment, transitional measures, and extension of recovery period. In light of European Parliament elections next May, an agreement on Omnibus II is sought this autumn.