Arising from the Solvency II 2020 review, the European Parliament formally adopted amendments to the Solvency II Directive in April 2024. Building on this, the European Commission published the finalised amendments to the Delegated Regulation underpinning the Directive in October 2025.
As the revised Solvency II framework moves closer to its 30 January 2027 implementation date, the European Commission and EIOPA continue to publish consultation papers to clarify and refine technical aspects of the regime.
In this briefing note, we discuss the third batch of consultation papers, which focus on:
- Draft guidelines on exclusions from group supervision
- Draft revised guidelines on the treatment of related undertakings
- Draft opinion on dynamic volatility adjustment
- Proposed revisions to the supervisory review process guidelines
- Draft amendments to supervisory reporting and public disclosure requirements under Solvency II
- Draft revised guidelines on exchange of information within colleges