The European Insurance and Occupational Pensions Authority (EIOPA) published today a Consultation Paper on its Advise to the European Commission (EC) on the identification and calibration of infrastructure investment risk categories.
EIOPA welcomes views in particular on the following proposals:
- Definitions and criteria to identify qualifying infrastructure debt and equity investments, which may warrant a different standard formula treatment (chapter 3);
- Calibration for qualifying infrastructure investments (chapters 4,5,6);
- Additional risk management requirements (chapter 7);
- Possible obstacles to infrastructure investments that are not justified by prudential considerations (chapter 8).
The consultation period will end on 9 August 2015. Please note that comments submitted after the deadline or not submitted on the provided template cannot be processed.
The consultation paper and the template for comments can be viewed here.
In February 2015, the EC requested EIOPA to provide the technical advice on the identification and calibration of infrastructure investment risk categories in Commission Delegated Regulation (2015/35) supplementing the Solvency II Directive (2009/138/EC).
In March-April 2015, EIOPA publicly consulted on a Discussion paper on infrastructure investments by insurers
EIOPA intends to submit its final Advice to the European Commission by September 2015.