Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its consultation linked to corrections and amendments of the implementing technical standards on reporting and disclosure. The proposed corrections and amendments will improve the understanding of the current requirements, the consistent application of technical standards and facilitate the reporting and disclosure, as well as improve the quality of the information reported and disclosed.
In addition the consultation package includes one correction to EIOPA's Guidelines on Financial Stability Reporting and new validations to be applied to the information submitted by reporting entities under the implementing technical standard on reporting. The validations will be embedded in the XBRL taxonomy version 2.3.0 to be published in July 2018.
The aim of the consultation is to receive input from stakeholders on the proposed corrections and amendments based on the changes stemming from the European Commission's Delegated Regulation (EU) 2917/1542 on infrastructure corporates, EIOPA Explanatory Notes on Variation Analysis templates and issues previously identified in the Question & Answers process.
EIOPA invites all interested stakeholders to provide their input by 11 May 2018. A public event with stakeholders will be organised on 12 April 2018 to inform about the objectives and content of this consultation package and to respond to any open questions.
The consultation package and the feedback template can be viewed here.