The Commission is empowered under Article 301a to adopt delegated acts specifying technical rules for calculating technical provisions: actuarial and statistical methods for the best estimate (Art.77(2)); the prudent deterministic valuation and its use (Art.77(8)); the relevant risk‑free interest rate term structure, including extrapolation formula and parameters, market depth/liquidity/transparency criteria, currency thresholds for long‑dated bonds and a phasing‑in mechanism (Art.77a); when to calculate provisions as a whole or as best estimate plus risk margin and the applicable methods (Art.77(4)); risk margin methodology including eligible own funds and cost‑of‑capital calibration (Art.77(5)); lines of business segmentation (Art.80); data standards and permitted approximations (Art.82); specifications for mortality stress (Art.77b), matching adjustment and fundamental spread (Art.77c), and the volatility adjustment including a credit spread sensitivity formula and loss‑attribution percentages (Art.77d). The Commission may set asset eligibility criteria for matching adjustment portfolios (1a) and amend the cost‑of‑capital within a 4–5% range following review (1b).

EIOPA must develop draft regulatory technical standards to harmonise the counterparty default adjustment and proportionate simplified methods for technical provisions; the Commission may adopt those RTS under Regulation (EU) No 1094/2010. EIOPA shall submit draft implementing technical standards specifying scenarios for the prudent deterministic valuation of life obligations within 12 months of the amending Directive and shall submit ITS on procedures for approval of the matching adjustment by 31 October 2014; the Commission is empowered to adopt those ITS under Article 15 of Regulation (EU) No 1094/2010.