Solvency II Deadlines for 2020
Solvency IIActuarial, EU / European Parliament / EIOPA, Life insurance, Mutuals, Non-Life
23 June 2020
Under EIOPA's latest Solvency II Taxonomy Roadmap, the (solo) deadlines for the remaining 2020 reference dates are as follows:
2020 Q2 4 August 2020
2020 Q3 4 November 2020
2020 Q4 4 February 2021
2020 year end 7 April 2021 (but.... see below)
Under the Solvency II Review, EIOPA proposes to keep deadlines for quarterly reporting but extend the deadline of annual reporting by 2 weeks.
David Gray, Consultant Actuary, comments: “With the submission deadline for the 31 December 2020 reference date shown as 1 day earlier than that published in the PRA’s reporting schedule, we sought confirmation from the UK regulator. We have been advised to use a deadline of 8 April 2021. The submission deadlines continue to be no later than 5 weeks after any quarter ending and 14 weeks after the December year-end. We await final policy on submission deadlines (EIOPA will now deliver its advice at end December 2020, to take into account the Covid-19 situation on the Solvency II Review) and the extent of any PRA divergence.
