PwC responds to the consultation document issued by the Commission Service

Following the opportunity given by the Commission Services to comment on their consultation document on the Level 2 implementing measures for Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (‘Solvency II’). PwC are pleased to provide their response.

In this document, PwC have provided their comments in response to those questions that are technical in nature or those which impact PwC in its capacity as a provider of audit, assurance and actuarial services. A full detailed response has been provided as well as key highlighted points which represent primary concerns in respect of the Level 2 implementing measures.

This response has been prepared following consultation with members of the PricewaterhouseCoopers network of firms in the European Union, and therefore summarises the views of member firms who commented on this consultation.