1. XBRL Europe day - EIOPA Update May 6, 2014 Roma

2. 2 Solvency II in 2009 Solvency II seen end of 2009 4 levels oFramework directive [ 2009/138/CE - 25 November 2009 ] oImplementation measures (Commission – Delegated acts) oGuidelines (CEIOPS) oMonitoring proper working (Commission) oEntry in force on October 2012 2 Point sur les mesures de niveau 2 et 3

3. 3 Solvency II seen now oEntry in force on the 1 st of January 2016 -Day 1 reporting (April/May 2016) -First quarterly regular reporting (May/July 2016) -First annual regular reporting (May/June 2017) oA preparatory phase -Smaller (subset) reports compared to the full SII -One annual report on end 2014 basis (+20/26 weeks) -And one quarterly report on end Q3 2015 basis (+8/14 weeks) oTwo supporting taxonomies -Preparatory phase (almost stable) -Final Solvency II (will stabilize over the next few months)

4. 4 Solvency II – the evolution http://ec.europa.eu/internal_market/insurance/solvency/future/index_en.htm Compared to 2009: a new level: « 2.5 » 4 Titre de la présentation

5. 5 The level “2.5” Lisbon Treaty oEntry in force just after Solvency II directive Creation of EIOPA oTask in line with Lisbon Treaty Omnibus II directive to adapt Solvency II 5 Titre de la présentation

6. 6 Expected content by levels Level 2: Delegated acts ( Commission ) oAround 40 topics (end 2014 / beginning 2015). Level 2.5: Technical standards ( EIOPA proposal, COM adoption ) oRegulatory oImplementing Level 3: recommandations and guidelines (EIOPA) oAdressed to NSAs or undertakings oNon legally binding o« Comply or explain » 6 Titre de la présentation Reporting XBRL

7. 7 The time dimension 20142015 Jan-MarchApril- JuneJuly Sept Oct-DecJan-MarchApril- JuneJuly-SeptOct- Dec ITS set 1 : “approval processes” 24.2 prepare for BOS for adoption for consultation at BOS end March April - June: Consultation 31.10. submission to COM ITS set 2: “other” 3.10 prepare for BOS for adoption for consultation Dec.-Feb.: Consultation 30.6. submission to COM GL set 1 (Approval processes + Pillar 1, including internal models) 1.4. prepare for BOS adoption for consultation June - Sept.: Consultat ion BOS approval end Nov. 1.4 end comply- explain process GL set 2 (Pillar 2, Pillar 3 and Supervisory issues) 3.10 prepare for BOS adoption for consultation Dec.– March: Consultation BOS approval end May 30.9 end comply- explain process

8. 8 Preparatory phase Omnibus 2 discussion suspended in the summer 2012 EIOPA opinion (December 2012) Consultation on guideline (March 2013), Published in November, In force since 1/1/2014 oElectronic format for reporting

9. 9 V1 in November 2013 V1.2 in January V1.4 soon Stable V1.5 around end May. Assertion gradually implemented V1.4 without an HD layer (issues on open tables) Localisation capabilities in V1.5 Manuals in V1.5 Sample instances Preparatory phase taxonomy

10. 10 Betas release of Solvency II Taxonomy To be aligned with the ITS Recodification (row/column codes), use of codes for list of options, … Some iterations, with growing content, until the final one

11. 11 T4U: Main goals Distribution license for all Europe. Preferable EUPL license Using the input forms in a similar layout as the public reference templates. Use of XBRL label, rendering, reference, formulas, etc. Allowing reusing or extension of the tool for national extensions Easy to use for administrative staff with limited IT knowledge Multiplatform XBRL syntax and formula validation at client side Easy to update when the taxonomy changes Internationalization: Languages, data formats, currencies, etc. 2 nd level support Open source, reusable Open source, reusable Easy to deploy Good performance with large amounts of data

12. 12 T4U: Ins and OUTs Easy - to-use with multiple Data Input Interfaces XBRL Validation (open source component) for Reported Data DPM Database for Metadata and Data XBRL load, validation and creation with database approach Generation of XBRL Taxonomy according to Eurofiling Architecture Generation of XBRL Reports according to Solvency II DPM XBRL Taxonomy (Level 1 & 2) Support for other XBRL Architectures than EIOPA / Eurofiling Adavanced data analysis First-level support / support services for extensions First-level support / support services for extensions Reports and submissions management     Basic BI analysis capabilities Second-level support

13. 13 T4U: Characteristics Open source (EUPL) (Re)use of cross platform components Design around an SQLite database extending EBA DPM database Modular approach: a toolkit instead of a monolithic approach Validation through a real XBRL engine possible oArelle interface implemented oDatabase population by Arelle Yesterday’s demo: oA windows tool implementation oAn excel add-in implementation oA proof of concept of an iPad implementation

14. 14 T4U: Schedule Current planning oJune (windows forms) oAugust (Excel add-in) oSeptember (NCAs oriented capabilities)

15. 15 Topics currently examined Extensions (national, statistical needs, …) Validation service Clear shift of focus toward implementation !

16. Thank you Pierre-Jean Vouette Pierre-Jean.Vouette@eiopa.europa.eu