EIOPA backs reporting rule changes for Solvency II framework

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EIOPA backs Solvency II reporting changes

Highlights

EIOPA issued an Opinion supporting the European Commission’s proposal to remove reporting and disclosure instructions from Solvency II ITS and publish them separately online.
EIOPA confirmed the core substance of the draft standards, including reporting reductions and simplifications, remains unchanged from the version published on 30 March 2026.
Insurers can continue preparing for the revised Solvency II framework, which enters into application on 30 January 2027, using draft ITS and Taxonomy 2.10.0.

Commission proposal and EIOPA response

As reported by EIOPA, the authority has submitted an Opinion to the European Commission on technical amendments to two draft Implementing Technical Standards covering supervisory reporting and public disclosure requirements.

The Opinion responds to the Commission's proposal to remove reporting and disclosure instructions from the standards themselves and publish them separately on EIOPA's website. EIOPA says this approach improves the agility and responsiveness of the Solvency II reporting and disclosure framework and brings operational benefits for market participants and supervisory authorities.

EIOPA says it will publish the instructions in English on its website once the Commission adopts the ITS on supervisory reporting and the ITS on public disclosure. Under the procedure set out in the EIOPA Regulation, the authority has prepared its formal Opinion on those proposed amendments.

Implications for insurers and supervisors

The authority says the change affects only where the instructions are hosted, while the core substance of its draft standards remains unchanged from the version published on 30 March 2026. That includes the reporting reductions and simplifications already set out in the earlier drafts.

As a result, insurers and other market participants can continue preparing for the revised Solvency II framework on the basis of EIOPA's draft ITS on supervisory reporting, the draft ITS on public disclosure and Taxonomy 2.10.0. The framework is due to enter into application on 30 January 2027.

On 19 October 2026, the European Commission notified EIOPA of its intention to amend the drafts by removing the supervisory reporting and public disclosure instructions from the respective standards. EIOPA says those instructions will be kept up to date on its website, including possible input from supervisory authorities and supervised entities.

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