The European Commission has published a summary report on its consultation on the review of the Solvency II Directive (2009/138/EC). The summary report sets out the feedback received during the consultation which was run between July and October 2020. The Commission does not include the Commission’s responses to feedback.
The Commission will consider the feedback alongside that provided by the European Insurance and Occupational Pensions Authority (EIOPA). The Commission is expected to adopt legislation to amend Solvency II in the third quarter of 2021.