Recital 6

(6)To give the Union businesses the necessary legal certainty, the provisional decisions should be renewed well in advance, in line with the Commission’s practice. This decision covers the United States due to the fact that the Commission has all information necessary for the renewal of the determination that the solvency regime in force in that third country is provisionally equivalent to that laid down in Title I, Chapter VI of Directive 2009/138/EC. The Commission will initiate the process of renewing provisional equivalence decisions for other third countries and take a final decision on the specific renewals after having received EIOPA’s assessments on the third countries concerned,