On 19 June 2015, the European Insurance and Occupational Pension Authority (EIOPA) announced that it had modified its methodology for calculating the risk-free interest rate terms structures for the purposes of Solvency II. The modification relates to the daily fixing times of certain rates on which the calculation is based. EIOPA expects the impact of the change to be minimal. EIOPA's monthly publication of the term structures (ongoing since February 2015) is to be applied by (re)insurers in the calculation of their technical provisions for Solvency II purposes. EIOPA's June 2015 publication reflects the modified methodology.