Supervisory authorities shall conduct their tasks in a transparent and accountable manner while respecting protection of confidential information. Member States must disclose: (a) texts of laws, regulations, administrative rules and general guidance in insurance regulation; (b) general criteria and methods, including tools developed under Article 34(4), used in the supervisory review process (Article 36); (c) aggregate statistical data on key aspects of prudential framework application; (d) how options in the Directive are exercised; and (e) supervision objectives and main functions. Disclosures must enable comparison between Member States, follow a common format, be updated regularly and be accessible at a single electronic location in each Member State.

Member States must establish transparent procedures for appointment and dismissal of governing and managing bodies of supervisory authorities. The Commission shall adopt delegated acts under Article 301a specifying key aspects of aggregate statistical data disclosure, and the contents list and publication date, without prejudice to Articles 35, 51, 254(2) and 256. EIOPA shall develop draft implementing technical standards to specify templates and structure of the disclosures and submit them to the Commission by 30 September 2015; the Commission may adopt those implementing technical standards under Article 15 of Regulation (EU) No 1094/2010.