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EIOPA Work Programme 2013 - EIOPA - Europa

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intensify in <strong>2013</strong>. <strong>EIOPA</strong> will engage in IOPS 3 workstreams and also coordinate<br />

opinions of strategic relevance with <strong>EIOPA</strong> members.<br />

In order to coordinate and forward an overall common European positioning,<br />

<strong>EIOPA</strong> will establish an international relations network of <strong>EIOPA</strong> Members,<br />

organise its annual meeting and set up the agenda with the Members. In this<br />

context, the <strong>EIOPA</strong> view on strategic topics is elaborated with the Members’<br />

support and set forth in the relevant committees of IAIS and IOPS.<br />

Also, as regards international discussions on auditing standards, <strong>EIOPA</strong> will<br />

consider responding to IAASB’s public consultations and other requests.<br />

8.6 Equivalence<br />

In <strong>2013</strong> <strong>EIOPA</strong> will continue to assist the European Commission in preparing<br />

equivalence decisions pertaining to supervisory regimes in third countries by way<br />

of producing final, fully consulted upon advice (according to art 33), by revising<br />

draft assessments and by fully considering level 2 in all assessments.<br />

During the first half year of <strong>2013</strong> it is planned to provide the European<br />

Commission with the revised Assessment Reports for the Equivalence of Swiss,<br />

Bermudan and Japanese supervisory systems.<br />

Furthermore, <strong>EIOPA</strong> will contribute to any other equivalence related enquiries or<br />

requests for technical input the Commission may seek, including the gap<br />

analyses preparing for the “transitionals”. It is expected that <strong>EIOPA</strong>’s technical<br />

input to the European Commission with regard to third countries to benefit from<br />

a transitional regime will be approved in <strong>2013</strong>. As an important instrument to<br />

ensure that full equivalence can be achieved at the end of the transitional period,<br />

<strong>EIOPA</strong> will not only establish a methodology for monitoring the progress of third<br />

countries in the transitional period but also prepare to carry out the monitoring<br />

itself in the subsequent years.<br />

As additional tasks <strong>EIOPA</strong> will produce analyses on the effects of future<br />

Commission equivalence decisions and/or assimilated measures, provide relevant<br />

training in a specific seminar on equivalence issues to NSAs as well as assist and<br />

support the consultations from group supervisors on the assessments they are<br />

3 Subject to confirmation of IOPS membership.<br />

26/65<br />

© <strong>EIOPA</strong> 2012

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