EIOPA opens consultation on rules for resolution colleges and reporting requirements under IRRD

This consultation paper, issued by EIOPA, outlines proposed 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀 (𝗜𝗧𝗦) concerning resolution reporting for insurance and reinsurance companies as mandated by 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲 (𝗘𝗨) 𝟮𝟬𝟮𝟱/𝟭. It details the 𝗽𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲𝘀, 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗳𝗼𝗿𝗺𝘀, 𝗮𝗻𝗱 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲𝘀 for insurers to provide information essential for drawing up and executing resolution plans. The document includes an 𝗶𝗺𝗽𝗮𝗰𝘁 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 evaluating policy options for 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗳𝗿𝗲𝗾𝘂𝗲𝗻𝗰𝘆 and the 𝗹𝗲𝘃𝗲𝗹 𝗼𝗳 𝗱𝗲𝘁𝗮𝗶𝗹 𝗳𝗼𝗿 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴, ultimately favoring less frequent and less granular reporting to reduce the burden on undertakings. Additionally, it addresses 𝗱𝗮𝘁𝗮 𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝘀𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗳𝗼𝗿𝗺𝗮𝘁𝘀, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗽𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻 𝗼𝗳 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻, emphasizing cooperation between supervisory and resolution authorities and providing a 𝗽𝗿𝗶𝘃𝗮𝗰𝘆 𝘀𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁 regarding data collection.

𝗢𝗽𝗲𝗻𝗶𝗻𝗴 𝗱𝗮𝘁𝗲 22 July 2025

𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 31 October 2025, 23:59 (CET)