- Opening date
EIOPA is gathering feedback on this statement which aims to promote supervisory convergence in the application of the supervisory ladder, in particular addressing the recovery plan required in case of breach of the SCR.
EIOPA carries out this consultation in accordance with Article 29(2) of Regulation (EU) No 1094/2010. This Consultation Paper presents the Statement on supervisory practices and expectations in case of breach of the Solvency Capital Requirement. EIOPA will consider the feedback received, develop Impact assessment and publish a Final Report on the consultation and submit the Supervisory Statement for adoption by its Board of Supervisors.