Guidelines Set 1) was published on 27 November 2014. These Guidelines primarily addressed areas of the directive relating to approval processes. Guidelines are addressed to National Competent Authorities (NCAs) to help interpret the rules in a harmonised way. While they are not legally binding, each NCA has to indicate to EIOPA if they will comply with the Guidelines. The ‘comply or explain’ exercise proved a useful indicator of the state of preparation for Solvency II in the past. An analysis of the responses to the two sets of Guidelines (starting with Set 1 here) is instructive of the approach of Member States and the general state of preparation for implementing the directive.