(Only in Italian)
Al fine di favorire la confrontabilità dell’onerosità delle forme pensionistiche complementari, COVIP ha fornito i valori degli ISC medi, minimi e massimi per le varie tipologie di forme e comparti da utilizzare per la predisposizione del grafico contenuto nella Scheda “i costi” della Nota informativa (Deliberazione COVIP del 22 Dicembre 2020).
ESMA has published the update of its Q&A on the following topics:
EIOPA has published a Supervisory Statement to strengthen the supervision and monitoring of insurance undertakings’ and intermediaries’ activities when using governance arrangements in third countries.

EIOPA has previously emphasised that EU-based undertakings or intermediaries should not resemble empty-shell companies that do not have an appropriate level of corporate substance within the EU. This can arise from situations where undertakings or intermediaries use third country branches to disproportionately perform essential functions or activities. Given that such governance arrangements may lead to poor risk management, ineffective decision-making and pose operational, reputational, and financial risks – also to policyholders – EIOPA has decided to clarify its supervisory expectations.
In particular, EIOPA expects that:
  • undertakings and intermediaries using third country branches retain an appropriate level of corporate substance within the European Economic Area (EEA), proportionate to the nature, scale and complexity of their business in the bloc;
  • third country branches serve primarily the markets in which they are established and that third country branches with the sole objective of supporting EU-based undertakings and intermediaries should be avoided;
  • undertakings and intermediaries should not be disproportionately dependent on their third-country arrangements for activities in the EEA;
  • undertakings appropriately oversee regulated functions and are in a position to take full responsibility for effective decision making and risk management;
  • regulated functions and activities are not structured or conducted in a way that impairs the ability of supervisors to monitor compliance; and that
  • undertakings and intermediaries considering or operating such third-country arrangements demonstrate to supervisors that the structuring of their activities can safeguard the ability of the supervisory authority to undertake proper supervision.
EIOPA has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of January 2023.

EIOPA has published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of January 2023.