Decision of the European Systemic Risk Board on a coordination framework for consultation on extension of the Solvency II recovery period

The European Systemic Risk Board establishes a common procedural framework for supervisory authorities to consult with the ESRB regarding the extension of the recovery period under Article 138(4) of the Solvency II Directive. The decision mandates that requesting authorities provide specific economic data, financial projections, and market impact assessments to support such extensions. It defines a strict timeline for the ESRB assessment team, Steering Committee, and General Board to review requests and issue responses within specified working day limits. The framework also outlines confidentiality requirements and the composition of the expert assessment team involved in the evaluation process.

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Decision - 14 November 2018 - EN - EUR-Lex

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Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works