The first Decision on EIOPA's regular information requests towards NCAs regarding IORPs was adopted in April 2018. Its business requirements were mainly based on Solvency II 2.2.0 and the taxonomy was partially implemented in line with Solvency II taxonomy 2.3.0.
On 2 June, EIOPA BoS approved amendments to the Decision to realign the IORPs taxonomy with the Solvency II taxonomy, where relevant. Otherwise, EIOPA’s, NCA’s and entities’ implementation cost will increase due to divergences in taxonomy, dictionaries and databases. The amended Decision also includes the correction of a few inconsistencies that arose during the implementation of the Decision.