On 4 September 2015, the European Insurance and Occupational Pensions Authority (EIOPA) issued a progress report on Bermuda's third country equivalence under Solvency II. As with EIOPA's prior report, the update relates to commercial insurers in Bermuda (and not to captives or special purpose (re)insurers). Subject to certain caveats, Bermuda now meets the equivalence criteria. On 24 September 2015, the Commission Delegated Decision ((EU) 2015/1062) published in the Official Journal of the EU confirmed full equivalence for Switzerland from 1 January 2016.