EIOPA Consults on Shortening 13 Sets of Solvency II Guidelines
Summary
EIOPA launched a public consultation on 15 April 2026 seeking feedback on proposals to shorten 13 sets of Solvency II Guidelines. The proposed simplifications would reduce 294 individual guidelines, following EIOPA's commitment to reduce guideline length by at least 25% as part of regulatory simplification efforts. This is the second phase of streamlining, following previous consolidation of nine sets of guidelines. The consultation covers Pillar I topics and Pillar II areas including system of governance and ORSA.
What changed
EIOPA proposes to meaningfully shorten 13 sets of Solvency II Guidelines, which together contain 294 individual guidelines. This initiative follows the previous streamlining of nine other sets of guidelines and aligns with EIOPA's comprehensive approach to regulatory simplification, targeting at least a 25% reduction in guideline length where possible. The scope focuses exclusively on shortening existing guidelines without introducing new substantive requirements.
(Re)insurers operating under Solvency II should monitor this consultation as it may affect their governance frameworks, ORSA processes, and reporting obligations. While EIOPA did not identify major gaps requiring immediate intervention, future reviews may be necessary as part of the ongoing fitness check of the rulebook's effectiveness and consistency. Companies should consider submitting feedback to shape the final simplified guidelines.
What to do next
- (Re)insurers should review the consultation paper and assess impact on compliance frameworks
- Stakeholders may submit feedback via the online survey by 8 July 2026
- Parties should monitor for future guidance following this consultation
Archived snapshot
Apr 15, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
The European Insurance and Occupational Pensions Authority (EIOPA) launched today a public consultation on its proposal to shorten 13 sets of Guidelines under Solvency II to support the objective of simplifying regulation and reducing administrative burdens in the EU.
The consultation launched today concerns Guidelines covering various aspects of the Solvency II framework, including Pillar I topics and important Pillar II areas such as the system of governance and (re)insurers’ Own Risk and Solvency Assessment (ORSA).
In line with EIOPA’s approach to support regulatory simplification in a comprehensive and balanced way – including by reducing the length of existing Solvency II Guidelines by at least 25% where possible – the consultation paper proposes to meaningfully shorten 13 sets of industry-relevant Guidelines, which together contain 294 individual guidelines. These proposed simplifications follow the previous streamlining of nine other sets of Solvency II Guidelines, in most cases with reductions well beyond the 25% benchmark.
The consultation paper has a limited scope and focuses exclusively on shortening. While proposals for new or amended guidelines were considered, EIOPA did not identity major gaps that would have required immediate intervention at this stage. However, EIOPA may in the future discuss the need to review Guidelines as part of the ongoing fitness check of the rulebook’s effectiveness and consistency.
Responding to the consultation
EIOPA invites stakeholders to provide their feedback on the consultation paper by responding to the questions via the online survey no later than 8 July 2026. All responses will be published on EIOPA’s website unless otherwise requested.
Details
Publication date 15 April 2026
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