Timetable
The following table shows the objectives set by the EU Commission to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the applicable target dates.
Date |
Objective |
October 2009 |
CEIOPS publishes final advice on Level 2: Implementing Measures following 1st and 2nd rounds of industry consultation. 3rd round launched with inclusion of industry impact analysis |
1st Half 2010 |
Public Hearing for Solvency II |
January 2010 |
CEIOPS delivers remaining final advice on Level 2 Implementing Measures with inclusion of industry impact analysis |
June 2010 |
CEIOPS publishes final “Technical Specifications” for QIS5 |
August 2010 |
QIS5 Scheduled |
October 2010 |
Solo enterprises to submit QIS5 results to regional regulator |
November 2010 |
Groups to submit QIS5 results |
April 2011 |
CEIOPS releases results and report of QIS5 |
Q1 2011 – Q3 2011 |
Level 3 Guidance finalised |
December 2011 |
CEIOPS delivers Level 3: Supervisory Guidelines |
Q1 2012 – Q3 2012 |
Industry and Member State final preparation of entry to new scheme |
October 2012 |
Solvency II enters into force |
