Supervisory Statements aim to present findings on current practices observed and indicate areas for improvement focusing on expectations. The statements do not set absolute requirements.
They are directed to NCAs as well as to insurance and reinsurance undertakings.
Supervisory Statements are issued under Article 29 (2) of the Regulation (EU) No 1094//2010 and aim to address divergent practices in areas of the framework where the rules are concretely defined and divergent practices are mainly driven by different supervisory practices.