EIOPA: Solvency II guidelines

EIOPA has issued its first Solvency II guideline in the official EU languages. Specific areas covered include: valuation of technical provisions and contract boundaries; ancillary, ring-fenced and own funds; various risks; group solvency; application of internal models; operational functioning of colleges of supervisors and the supervisory review process. National competent authorities must confirm whether they comply or intend to comply with the guidelines within two months of the issuance date.