EIOPA Guidelines

Guidelines on System of Governance. According to Art 73 of the EIOPA Regulation referring to language arrangements, EIOPA issues its Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010). In case of divergence between different versions, please inform EIOPA info {at}eiopa.europa.eu. In accordance with Article 16 of Regulation (EU) No 1094/20104 EIOPA issues these Guidelines addressed to the supervisory authorities to provide guidance on how insurance and reinsurance undertakings should apply the governance requirements foreseen in Directive 2009/138/EC5 (Solvency II Directive) and in Commission Delegated Regulation (EU) No 2015/356 (Delegated Regulation) in the context of information and communication technology security and governance

These guidelines have been developed according to Article 16 of the Regulation (EU) 1094/2010. Under this Article EIOPA may issue Guidelines and Recommendations addressed to competent authorities and financial institutions with a view to establish consistent, efficient and effective supervisory practices and ensuring the common, uniform and consistent application of Union law According to Art 73 of the EIOPA Regulation referring to language arrangements, EIOPA issues its Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010). In case of divergence between different versions, please inform EIOPA info{at}eiopa.europa.eu about the provision in question. EIOPA will clarify this as soon as possible This final report sets out the final text of the EIOPA Guidelines on outsourcing to cloud service providers, including the feedback statement to the public consultation, the final impact assessment and the resolution of non-confidential comments provided by the stakeholders during the Consultation on the proposal for Guidelines on outsourcing to cloud service providers Eiopa |. At the heart of insurance and pensions supervision in Europe. We work to enhance supervisory convergence, strengthen consumer protection and preserve financial stability for the benefit of economies, business and EU citizens. Learn more about our mission and tasks

EIOPA Explanatory notes on reporting templates Variation Analysis templates (2018 rev) Public Disclosure requirements under Solvency II Directive The following public disclosure requirements are applicable to all undertakings subject to Solvency II Directive EIOPA's Insurance Stress Test 2018 Recommendations: 2019-04-25T22:00:00Z: Results of the peer review on supervisory practices with respect to the application of the prudent person rule for IORPs: https://register.eiopa.europa.eu/Publications/Reports/EIOPA peer review IORPs prudent person rule April 2019.pd Wenn EIOPA Leitlinien oder Empfehlungen veröffentlicht, müssen die Aufsichtsbehörden der Mitgliedstaaten sie innerhalb von zwei Monaten darüber informieren, ob sie diesen nachkommen oder nachzukommen beabsichtigen. Falls dies nicht der Fall ist, müssen sie dies EIOPA unter Angabe der Gründe mitteilen. Dieser Prozess wird als Comply-or-Explain-Verfahren bezeichnet. Die Erklärungen der nationalen Aufsichtsbehörden werden vo

The public consultation on the draft Guidelines ended on 28 April 2017. EIOPA received 26 responses to the consultation (including from its Insurance and Reinsurance Stakeholder Group (IRSG) and two confidential responses), resulting in around 150 pages of comments. The individual non confidential consultatio Leitlinien und Q&As der Europäischen Aufsichtsbehörden Die BaFin übernimmt grundsätzlich die Leitlinien und Fragen und Antworten (Questions and Answers - Q&As) der EBA, der ESMA und der EIOPA sowie des gemeinsamen Ausschusses dieser drei EU -Aufsichtsbehörden (European Supervisory Authorities - ESAs) in ihre Verwaltungspraxis Guideline 2 - Progress report to EIOPA National competent authorities should send to EIOPA, a progress report on the application of these Guidelines by the end of February following each relevant year, the first being by 28 February 2015 based on the period 1 January 2014 to 31 December 2014. Section II: System of Governanc Die Europäische Aufsichtsbehörde für das Versicherungswesen und die betriebliche Altersversorgung (EIOPA, englisch European Insurance and Occupational Pensions Authority) ist eine Agentur der Europäischen Union, auf Rechtsgrundlage der EU-Ratsverordnung 1094/2010 vom 24. November 2010, zur Finanzmarktaufsicht mit Sitz in Frankfurt am Main

Guidelines on System of Governance Eiopa

It contains a list of items to be reported under the Guidelines on Submission of Information to National Competent Authorities as well as explanatory notes for each item. In addition, EIOPA has published Errata and corresponding Explanatory Texts, correcting errors contained in the Guideline The EIOPA Guidelines shed light on how the outsourcing provisions set forth in the Directive 2009/138/EC (the Solvency II Directive ) and in the Delegated Regulation (EU) no. 2015/35 (the Delegated Regulation ) are to be applied in case of outsourcing by insurance and reinsurance undertakings to CSPs Download: EIOPA Guidelines on reporting for financial stability purposes - Annex B (PDF, 200KB, File does not meet accessibility standards. Consultation Paper on the proposal for Guidelines on the methodology for Equivalence Assessment of National Supervisory Authorities under Solvency II. Consultation Paper on the Impact Assessment of EIOPA Solvency II Guidelines. Annex to EIOPA consultation on the Guidelines for Solvency II

Guidelines on information and communication - EIOPA

1. EIOPA is also developing supervisory guidelines and recommendations at Level 3. These guidelines and recommendations are aimed at creating coherent, efficient and effective supervisory practices within the European System of Financial Supervision ( ESFS ) and at ensuring joint, harmonised and consistent application of European Union law
2. Am 14. Juni 2012 veröffentlichte die Europäische Aufsichtsbehörde für das Versicherungswesen und die betriebliche Altersversorgung EIOPA Leitlinien zur Beschwerdebearbeitung der Versicherungsunternehmen (Guidelines on Complaints-Handling by Insurance Undertakings), über die das BaFinJournal 08/12 berichtete
3. Download: EIOPA Guidelines on reporting for financial stability purposes - Annex A (xlsx, 202KB, File does not meet accessibility standards.

EIOPA finalises Guidelines on Information and

1. If required by that guideline or recommendation, financial institutions shall report, in a clear and detailed way, whether they comply with that guideline or recommendation (Article 16 para 3 EIOPA-Regulation). Therefore, the FMA takes EIOPA-guidelines and recommendations into account within the applicable legislative and regulatory framework
2. imum European standard
3. These Guidelines respond to the European Commission's FinTech Action plan request for the EBA to develop guidelines on ICT risk management and mitigation requirements in the EU financial sector. The EBA Guidelines will enter into force on 30 June 2020. The Guidelines on security measures for operational and security risks under PSD2 (EBA GL/2017/17) issued in 2017 have been fully integrated into these Guidelines and will be repealed once these Guidelines become applicable
4. EIOPA Issues Final Guidelines on Outsourcing By Latham & Watkins on February 27, 2020 Posted in Digital. The final guidelines create new obligations for insurers that will impact cloud outsourcing arrangements. By Fiona M. Maclean, Andrew C. Moyle, and Victoria Sander. On 6 February 2020, the European Insurance and Occupational Pensions Authority (EIOPA) published its final guidelines on.
5. The regulator announced on Wednesday that guidelines on outsourcing to cloud service providers, finalised earlier this year by the European Insurance and Occupational Pension Authority (EIOPA), will not apply to regulated activities within the UK's jurisdiction

These Guidelines are issued by EIOPA under powers set out in Article the 16 of the EIOPA Regulation. 3.5. These Guidelines apply to authorities competent for supervising complaints-handling by insurance undertakings in their jurisdiction. 3.6. Competent authorities must make every effort to comply with these Guidelines in accordance with Article 16(3) in relation to the arrangements of. email: xbrl@eiopa.europa.eu; Website: https://eiopa.europa.eu/ 8 of 38 II.3 Relation to other work and numbering of rules For harmonisation of reporting between NCAs and the supervisory bodies at the EU level EIOPA has developed its guidance on information and communication technology (ICT) security as part of the European Commission's FinTech Action Plan. The increasing complexity of ICT and frequency of incidents such as cyber-attacks means that management of ICT issues needs to be integrated into the governance and risk-management measures of insurance and reinsurance undertakings. In. EIOPA issues these Guidelines addressed to the supervisory authorities to provide guidance on how insurance and reinsurance undertakings should apply the governance requirements foreseen in Directive 2009/138/EC6 (Solvency II Directive) and in Commission Delegated Regulation (EU) No 2015/357 (Delegated Regulation) in the context of ICT security and governance

Guidelines on valuation of technical provisions Eiopa

EIOPA issued the Guidelines addressed to the supervisory authorities to provide guidance on how insurance and reinsurance undertakings should apply the governance requirements foreseen in Directive 2009/138/EC5 (Solvency II Directive) and in Commission Delegated Regulation (EU) No 2015/356 (Delegated Regulation) in the context of information and communication technology security. EIOPA - Westhafen Tower, Westhafenplatz 1 - 60327 Frankfurt - Germany - Tel. + 49 69-951119-20; Fax. + 49 69-951119-19; email: info@eiopa.europa.eu site: https://eiopa.europa.eu/ EIOPA-BoS-14/168 DE Leitlinien zur Einstufung der Eigenmittel . 2/24 Einleitung 1.1. Diese Leitlinien werden gemäß Artikel 16 EU-Verordnung Nr. 1094/2010 des Europäischen Parlaments und des Rates vom 24. EIOPA issues opinion on sustainability within Solvency II: https://register.eiopa.europa.eu/Publications/Press Releases/2019-09-30 PressReleaseSustainabilityOpinion.pd

Guidelines on outsourcing to cloud service providers Eiopa

1. EIOPA invites interested parties to send any comments by email, within the indicated deadline, using the provided paper specific, customised template and quoting the reference of the consultation paper. EIOPA will make all comments available on its website, except where respondents specifically request that their comments remain confidential. EIOPA's rules on who, when and how it consults and.
2. Joint Guidelines on the prudential assessment of acquisitions and increases of qualifying holdings in the banking, insurance and securities sectors According to Art 73 of the Regulation of EBA, EIOPA and ESMA (the ESAs) referring to language arrangements, the ESAs issue their Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010
3. The Guidelines have been developed according to Articles 19(2) and 23(3) of the Securitisation Regulation (Regulation (EU) 2017/2402), which mandates the EBA, in close cooperation with ESMA and EIOPA, to adopt guidelines and recommendations on the harmonised interpretation and application of the criteria related to simplicity, transparency and standardisation for the non-ABCP securitisations.
4. The European Insurance and Occupational Pensions Authority ('EIOPA') announced, on 12 October 2020, that it had finalised its Guidelines on Information and Communication Technology Security and Governance, following a public consultation on the same. In particular, it consists of 25 guidelines including, proportionality, ICT within the system of governance, audit, information security policy.
5. EIOPA Guidelines: Under Article 16(3) of the EIOPA Regulation and Article 71(2)(b) of the Solvency II Directive, National Competent Authorities are required to make every effort to comply with guidelines published by EIOPA. The Central Bank intends to comply with the EIOPA Guidelines and to incorporate them into our supervisory practices as appropriate. The Central Bank expects insurance and.

Download: EIOPA Guidelines on Submission of Information to National Competent Authorities (PDF, 376KB, File does not meet accessibility standards.) Additional information. Attachments. Format Attachment Technical Annex II: List of quantitative reporting items (xlsx, 720KB, File does not meet accessibility standards.) Format Attachment Technical Annex III: Lines of business (xlsx, 16KB, File. The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today 22 language versions of the final Guidelines on the characteristics of a risk-based approach to anti-money laundering and terrorist financing supervision under Directive (EU) 2015/849 on preventing the use of the financial system for money laundering or terrorist financing (Fourth. EIOPA guidelines on outsourcing to cloud service providers adopted by the CAA Application of guidelines. The EIOPA guidelines refer to the definition of outsourcing provided under Solvency II... Key requirements under these guidelines. Undertakings must give notice to supervisory authorities (the.

Eiopa

• EIOPA, which forms part of the European System of Financial Supervision, has issued the Guidelines specifically to insurance and reinsurance undertakings (Insurance Undertakings) with the aim of: (i) ensuring a clear and consistent regulatory framework for financial institutions; and (ii) providing clarification to both firms and national supervisory authorities on the application of.
• In relation to the draft Guidelines on ORSA, EIOPA has included the explanatory textin this Final Report, as i t did in the Consultation Paper, in order to assist readers in understanding the thinking behind specific points in the Guidelines. 1.5. The draft Guidelines in this Final Report may still be subject to amendments in order to reflectfuture developments of any underlyi ng legally.
• ESMA and the EBA are proposing to develop complaint handling guidelines for the investment and banking sectors that are identical to the existing EIOPA guidelines for the insurance sector. The objective is to provide EU consumers with a single set of complaints handling arrangements, irrespective of the type of product or service and of the geographical location of the firm i
• Introduction. On 7 April 2020, the European Insurance and Occupational Pensions Authority (EIOPA's) released its finalised Opinion on the Supervision of Remuneration Principles in the Insurance and Reinsurance Sector 1 (Opinion). The release of the Opinion followed a consultation period in respect of a draft Opinion which initiated on 25 July 2019 and closed on 30 September 2019
• The final guidelines create new obligations for insurers that will impact cloud outsourcing arrangements. On 6 February 2020, the European Insurance and Occupational Pensions Authority (EIOPA.
• EIOPA guidelines provide further detail on the information expected in the Regular Supervisory Reporting. The requirements for submission of information apply to insurance and reinsurance undertakings and to participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies (groups) regarding information at group level. The role of EIOPA.

EIOPA Technical Standard

1. The EIOPA Guidelines on Outsourcing to Cloud Service Providers (EIOPA cloud outsourcing guidelines) specify the internal governance arrangements that insurance and re-insurance undertakings within EIOPA's mandate should implement when they outsource functions to cloud service providers. The guidelines clarify how the requirements in Directive 2009/138/EC (Solvency II Directive) and.
2. On 6 February 2020, the European Insurance and Occupational Pensions Authority (EIOPA) published Guidelines on outsourcing to cloud service providers (EIOPA-BoS-20-002) (Guidelines).The Guidelines provide guidance to insurance and reinsurance undertakings (Undertakings) on how the outsourcing provisions included in Solvency II Directive and the Commission Delegated Regulations are to be.
3. Note that similarly to the guidelines from EIOPA, the ESMA Guidelines only apply to cloud outsourcing arrangements. This also includes arrangements where firms outsource to another party (such as.
4. EIOPA Guidelines on outsourcing to cloud service providers 4. In accordance with Article 16(2) of Regulation (EU) No 1095/2010 5 (the 'ESMA Regulation'), as recently amended 6, this paper sets out for consultation draft ESMA guidelines on outsourcing to cloud service providers. The purpose of these draft guidelines is to provide guidance on the outsourcing requirements applicable to firms.
5. Statement on EIOPA Guidelines on outsourcing to cloud service providers. The FCA has notified EIOPA that the Guidelines are not applicable to regulated activities within the UK's jurisdiction, as they will enter into force on 1 January 2021, after the EU withdrawal transition period is expected to end

EIOPA Publication

EIOPA Guidelines; Annual Reports; Submissions to the EC; Standards, Guidelines and Recommendations: all measures, aimed at contributing to the consistent implementation of the Community Directives; Protocols: protocols relating to the collaboration of supervisory authorities; Reports: final reports, surveys and other analytic publications; SII - Final L2 Advice; Financial Stability: reports. The EIOPA guidance will apply to all new cloud outsourcing arrangements entered into or amended on or after 1 January 2021 by insurance and reinsurance providers. The guidelines expand on legislative requirements contained in the EU's so-called 'Solvency II' framework. Insurers will have until the end of 2022 to bring cloud outsourcing contracts entered into prior to that date into line with. 1.1.7 EIOPA provides general guidelines on outsourcing within the Solvency II framework as part of the EIOPA Guidelines on System of Governance (EIOPA-BoS-14/253). While the Solvency II framework (Directive, Delegate Regulations and Guidelines) covers most of the content of the EBA recommendations EBA/GL/2019/02, EIOPA has stated that the EBA guidelines are more specific about the execution of. The EIOPA Guidelines are closely aligned with the Guidelines on outsourcing arrangements published by the European Banking Authority (EBA) on 25 February 2019, which have incorporated the. Gabriel Bernardino, Chairman of EIOPA, said: These Guidelines further minimise the risks of consumer detriment and mis-selling of insurance products. We need to ensure that products are designed with clear customer needs in mind but also that these products are being sold to the right customers. Insurers and intermediaries need to place consumers at the heart of their business strategies.

sion / Guidelines 1. April 2015 EIOPA-BoS-14/173 DE Leitlinie über die Berücksichtigung von Vereinbarungen über passive Rückver-sicherung im Untermodul Nichtlebens-katastrophenrisiko https://eiopa.europa.eu/ / Regulation & supervi-sion / Guidelines 1. April 2015 EIOPA-BoS-14/175 DE Leitlinien zur Anwendung des lebens-versicherungstechnischen Risikomo-duls https://eiopa.europa.eu. email: xbrl@eiopa.europa.eu; Website: www.eiopa.europa.eu 9 of 21 III.6 Reporting entity S.2.8.(a) - Identification of the reporting entity: identifier The application of the LEI and the specific codes MUST be aligned with the EIOPA's Public Guidelines for Preparatory Phase7 and use of LEI8 following order of priority: (1) Lega Das Comply-or-Explain-Verfahren für das zweite Paket der Leitlinien zu Solvency II, die die europäische Versicherungsaufsichtsbehörde EIOPA am 14. September veröffentlicht hatte, ist beendet. EIOPA hat die Ergebnisse auf ihrer Internetseite veröffentlicht

BaFin - Solvency II: Rechtsgrundlagen & Leitlinie

EIOPA -European Insurance and Occupational Pensions Authority- email: xbrl@eiopa.europa.eu; Website: https://eiopa.europa.eu - The Guidelines on Third Country Branches (Guidelines and annexes), - Unofficial reporting templates including ECB add-ons (ECB add-ons). These templates, provisions, instructions and underlying regulations are analysed according to the DPM methodology in. the ESAs. The draft guidelines also aimed at complying with the specific requirement of Article 24(11) of MiFID II which requires ESMA, in cooperation with EBA and EIOPA, to develop guidelines for the assessment and the supervision of cross-selling practices. 3. Each ESA also sought the advice of their respective Stakeholder Groups, i.e. th

• email: xbrl@eiopa.europa.eu; Website: https://eiopa.europa.eu/ 8 of 40 II.3 Relation to other work and numbering of rules For harmonisation of reporting between NCAs and the supervisory bodies at the EU level
• EIOPA issued its first set of draft Solvency II Guidelines in June this year. The Guidelines are set out in five papers and include around 500 individual guidelines. Although addressed to national competent authorities (NCAs), they have a direct impact on authorised (re)insurers. The devil is in the detail, of course, but this paper sets out our key findings and summarises the key changes and.
• The Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied. . These Guidelines are part of the ESAs' wider work on fostering a consistent and effective approach to AML/CFT by both, credit and financial institutions, and AML/CFT supervisors. The Guidelines provide credit and financial institutions with the tools they need to make.
• EIOPA, Preparatory Guidelines on product oversight and governance arrangements by insurance undertakings and insurance distributors, EIOPA-BoS-16-071, 2.6.2016. Vgl. auch BaFin Pressemitteilung zu EIOPA veröffentlicht vorbereitende Leitlinien zu Aufsichts- und Lenkungsanforderungen vom 13.4.2016. Prozesse, Kontrollen, Daten & IT Solvabilitätsübersicht & Eigenmittel.
• Guidelines»). The EIOPA Guide-lines aim to provide guidance to insurance and reinsurance un-dertakings as well as to compe-tent national supervisory authorities on how the regulatory framework for outsourcing under the Solvency II regime(1) should apply in the case of outsourcing to cloud service providers. The EIOPA Guidelines have two overarching goals: (a) t

BaFin - Leitlinien und Q&As der ESA

1. EIOPA guidelines and documents. The Guidelines issued by EIOPA, as third-level measures, are aimed to support convergence in the application of the provisions contained in the Directives. The Guidelines are subject to a comply / explain mechanism by which the national Supervisory Authority must publicly state whether it intends to comply with the Guidelines or indicate the reasons for not.
2. EIOPA Guidelines on pre-implementation of Solvency II Attached files (8) Guidelines under the Insurance Distribution Directive on Insurancebased investment products that incorporate a structure which makes it difficult for the customer to understand the risks involved pdf / 218.23 K
3. ority, financial situation, birth, disability, age, sexual orientation, marital status or family situation. The selection process.
4. EIOPA Guidelines are addressed to National Competent Authorities (NCAs) or Financial Institutions. Their aim is to ensure common, uniform and consistent application of Union law as well as to establish consistent, efficient and effective supervisory practices drafted by EIOPA in accordance with Article 16 of the Regulation establishing EIOPA
5. Guidance on the implementation and interpretation of Directive 2016/97/EU. European Insurance and Occupational Pensions Authority. The European Insurance and Occupational Pensions Authority (EIOPA) has published guidelines and questions and answers on the application of the insurance distribution directive

Europäische Aufsichtsbehörde für das Versicherungswesen

On 30 October 2015 the European Insurance and Occupational Pensions Authority (EIOPA) published a revised version of its proposed guidelines for the monitoring processes to help safeguard the interests of consumers. 1 Each EU member state is now required to address the issue Guidelines on system of governance (EIOPA-BoS-14/253 EN) Section 1: Introduction (Guidelines 1-8) Section 2: Remuneration (Guidelines 9-10) Section 3: Fit and proper (Guidelines 11-16) Section 4: Risk management (Guidelines 17-26) Section 5: The prudent person principle and the system of governance (Guidelines 27-35 EIOPA Guidelines Cargando datos... Accesibilidad | Mapa web | Guía de navegación.

EIOPA - Westhafen Tower, Westhafenplatz 1 - 60327 Frankfurt - Germany - Tel. + 49 69-951119-20; Fax. + 49 69-951119-19; email: info@eiopa.europa.eu site: https://eiopa.europa.eu/ EIOPA-BoS-14/166 DE Leitlinien zur Bewertung von versicherungstechnischen Rückstellungen . 2/45 Einleitung 1.1. Gemäß Artikel 16 der Verordnung (EU) 1094/2010 vom 24. November 2010 (nachfolgend EIOPA. EIOPA states that an appropriate balance between financial and non-financial criteria should be required and identifies a ratio of 80% financial to 20% non-financial as a potentially imbalanced approach (but does not specify what it would require as a balanced approach). 4. Performance measurement to factor in downward adjustmen Joint Guidelines on Risk Factors 04.01.2018 Joint Guidelines on Risk Factors According to Art 73 of the Regulation of EBA, EIOPA and ESMA (the ESAs) referring to language arrangements, the ESAs issue their Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010 EIOPA finalized the guidelines on information and communication technology (ICT) security and governance for the insurance sector. The guidelines address how rules on operational risks set forth in the Solvency II Directive and in the Delegated Regulation 2015/35 are applied to the ICT security and governance. EIOPA consulted on the draft guidelines between December 2019 and March 2020 and has also published its response to the key issues raised in the feedback. The guidelines are intended. EIOPA INSURANCE AND REINSURANCE STAKEHOLDER GROUP - OPINION CONSULTATION - GUIDELINES ON COMPLAINTS-HANDLING BY INSURANCE UNDERTAKINGS - JANUARY 2012 1/9 EIOPA-IRSG-12-01 . 27 January 2012 . OPINION of the EIOPA Insurance and Reinsurance Stakeholder Group regarding EIOPA Consultation - Guidelines on Complaints-Handling b

Solvency II Guidelines on Submission of Information: EIOPA

The EIOPA guidelines refer to the definition of outsourcing provided under Solvency II Directive. The scope of the EIOPA guidelines is however limited to outsourcing to cloud service providers Insurers and reinsurers now have several months to ready themselves so as to be fully complaint with the EIOPA Guidelines by July 2021. Once the Guidelines become effective, firms can expect that, as part of its supervisory activities, the Central Bank of Ireland will be assessing the extent to which insurers are achieving compliance. A copy of the EIOPA Guidelines are available at this link. There are operational and organisational requirements in the EBA, EIOPA and ESMA guidelines that are not included in the checklist as these fall entirely within the responsibility scope of financial institutions' arrangements internally and are not specifically related to outsourcing. Please note that at the time of publication of this paper, the ESMA guidelines were not yet final. Therefore.

EIOPA Guidelines. Section: European Insurance and Occupational Pensions Authority (EIOPA) Guidelines . Back. Contacts. Address: Kungu iela 1, Riga, LV-1050. Phone: 6 7774800. E-mail: fktk@fktk.lv. Previous sign-in to the secretary: 67 774 801. Whistleblowing parkapumu.zinosana@fktk.lv . Data protection: datu.aizsardziba@fktk.lv. Follow the news. Subscribe to the news and receive important. EIOPA said it expects insurers to update their internal policies and processes to reflect the new guidelines by the beginning of 2021, and meet the documentation requirements for cloud outsourcing arrangements related to critical or important operational functions or activities by 31 December 2022 EIOPA Guidelines on pre-implementation of Solvency II. The Financial Supervision Commission has adopted a decision for complying with the relevant EIOPA Guidelines for preliminary implementation of Solvency I

EIOPA guidelines on outsourcing to cloud service provider

ESMA guidelines - their scope and context The guidelines developed by ESMA, like those already published by the EBA and EIOPA, reflect the European Commission's expressed desire for new guidance to be developed to help regulated entities adopt cloud-based solutions EIOPA acts as an independent advisory body to the European Commission, the Parliament and the Council In diesem Zusammenhang mag auch die jüngste Ankündigung zahlreicher EIOPA-Leitlinien (Guidelines zu governance, information for members and beneficiaries, risk evaluation and ESG factors; on demand evidence based and extent of implementation of EIOPA opinion on risk assessment) im Hinblick auf die RL-Umsetzung verwundern EIOPA (18.12.20): EIOPA outlines key financial stability risks and vulnerabilities for insurance and pension sector and recommends that any dividend distributions should not exceed thresholds of prudenc

BaFin - Publications & data - EIOPA Guidelines on

EIOPA Guidelines The European Insurance and Occupational Pension Authority (EIOPA) issued a consultation paper on 1 July 2019 on their draft guidelines for outsourcing to cloud service. Proposal for Guidelines on the Pre-application for Internal Models (CP-13/011) Press release EIOPA publishes the final Guidelines for the preparation of Solvency II Background information about Guidelines on preparing for Solvency I EIOPA has published the final text of its Guidelines on outsourcing to cloud service providers (the Guidelines ), following last year's consultation. The Guidelines provide guidance to insurers on how the outsourcing provisions in the Solvency II Directive and Delegated Regulation should be applied in the case of outsourcing to cloud service providers The guidelines that EIOPA consulted on broadly mirror separate guidance on outsourcing developed by the European Banking Authority (EBA), although with some significant differences. That guidance took effect on 30 September this year, though the banks, investment firms and payment institutions subject to the EBA's guidelines have until the end of 2021 to ensure their full compliance with them EIOPA has a legal personality and acts within the powers conferred by the EIOPA Regulation. to issue guidelines and recommendations, to take individual decisions addressed to competent authorities or financial institutions in the specific cases, develop common methodologies for assessing the effect of product characteristics and distribution processes, and so on. Organisation. The.

EIOPA hat am 27. März 2019 einen Report zum Thema Outsouring to the Cloud veröffentlicht, in dem die zukünftige Regulierung von Auslagerungen an Cloud-Anbieter in der Versicherungsbranche diskutiert wird. EIOPA reagiert mit dem Bericht auf den sog. FinTech Aktionsplan der Europäischen Kommission. Dieser soll der Finanzbranche dabei helfen, technologische Entwicklungen wie Blockchain, Big Data etc. verstärkt zu nutzen. In diesem Zusammenhang steigt auch der Regulierungsbedarf, weshal EIOPA Yes BE Belgium National Bank of Belgium EBA/ EIOPA Yes The Joint Guidelines on the prudential assessment of acquisitions and increases of qualifying holdings have been implemented in the Belgian framework through (i) the communication NBB_2017_22 to candidate shareholders an

EIOPA (13.4.16): EIOPA publishes Preparatory Guidelines on Product Oversight and Governance BaFin (12.4.16): Erläuterungen zu Leitlinien für die Umsetzung von langfristigen Garantien BMF (7.4.2016): BMF-Schreiben - Verlängerung des Bestandsschutzes für Investmentvermögen im Sinne des InvSt It does not address the expected EIOPA Guidelines relating to third-country branches as these have not yet been published in all official languages of the European Union. The PRA consulted on 'Solvency II: third-country branches and pure reinsurance branches' in CP31/15 in August 2015 (see Related links). It is the PRA's responsibility to make every effort to comply with EIOPA Guidelines. EIOPA's guidelines on outsourcing give a strong indication as to the extent to which provision of cloud services by outsourcers should be assessed, managed and reviewed. In many ways the message here is that outsourcing is not at all the 'easy option,' and in recognition of this fact cost-benefit analysis should be carried out to ensure that it is the right option for the firm. The paper. EIOPA, die europäische Aufsichtsbehörde für Versicherungen und Betriebsrenten mit Sitz in Frankfurt / Main, nahm ihre Arbeit 2011 als Folge der Finanzmarktkrise 2008/09 auf. Zusammen mit den europäischen Finanzaufsichtsbehörden für Wertpapiere (ESMA in Paris) sowie für Banken (EBA in London) spiegelt sie dieselbe Struktur, die in Deutschland auf nationaler Ebene durch die Bundesanstalt. EIOPA has published the final text of its Guidelines on outsourcing to cloud service providers (the Guidelines), following last year's consultation. The Guidelines provide guidance to insurers on how the outsourcing provisions in the Solvency II Directive and Delegated Regulation should be applied in the case of outsourcing to cloud service providers

However, the legal mandate given to EIOPA does not involve issuing guidelines with regard to the application of Solvency II rules to subsidiaries of insurance undertakings for which sector-specific requirements apply. In this context, we refer to the Joint Advice. 2. of the ESAs on the need for legislative improvements relating to ICT risk management requirements in the EU financial sector. Possible EIOPA Guidelines for the assessment and the supervision of cross-selling practices (Article 24.4) EIOPA annual report on all national administrative measures or sanctions; BIPAR monitoring of IDD implementation ; The IDD is a key text for the insurance distribution sector.BIPAR is monitoring its implementation (levels 1, 2 and 3) in the EU Member States very carefully. It will produce. guidelines in a consistent manner, stressed the need for the guidelines to be consistent with international AML/CFT standards and asked for clarification regarding the interaction of these guidelines with other provisions in Union law. These concerns have been addressed in these guidelines as appropriate. These guidelines will apply by 26 June 2018. Next steps. The ESAs will keep these.

The key responses from EIOPA through the final guidelines are: • Clarification of the required documentation, for solo undertakings and for groups, explicitly stating that the record of an individual ORSA does not mean that new documentation has to be produced specifically for the purpose of the ORSA. Also that the internal report and the supervisory report does not need to be split out into. Large insurers (groups and solos not belonging to a group that reports for financial stability purposes) report according to the Guidelines on Financial Stability Reporting . The indicators are.. Beiträge über EIOPA von Dr. Verena Ritter-Döring and Charlotte Dreisigacker, Charlotte Dreisigacker, Stephanie Schulz und Agata Zdunek . Zum Inhalt springen. Notizen zum Aufsichtsrecht. Menü. Home; Kontakt; Über uns; Impressum; Datenschutzerklärung; Schlagwort: EIOPA. Final ESMA Guidelines on cloud outsourcing. Veröffentlicht am 5 Februar 2021 4 Februar 2021 von Dr. Verena Ritter.