Solvency II
2025 review (Directive (EU) 2025/2): duties applying from 30 January 2027 – Solvency II

Solvency II R25-Art.132: Art. 132(5) to (8) (from 30 January 2027) Reflect macroeconomic developments, sustainability and, on request, macroprudential concerns in investment strategy

When setting their investment strategy, undertakings must consider how macroeconomic and market conditions may develop, how sustainability risks affect their investments and what long-term effect their investment choices may have on sustainability factors, and, at the supervisor's request, macroprudential concerns and whether their strategy could affect markets or become a source of systemic risk.

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