They also exchanged views on the state of play regarding SURE, a European instrument for providing temporary support to mitigate unemployment risks in an emergency, which was launched as part of the EU’s response to the COVID-19 pandemic. Ministers exchanged views on the lessons learned from the European Semester 2021 and on how to align the implementation of the RRF with the next cycle of the European Semester. They continued the preparations for the meeting of G20 finance ministers and central bank governors scheduled for 13-14 October 2021, and for the IMF annual meeting. They also approved the G20 EU terms of reference and the statement to the International Monetary and Financial Committee (IMFC), as well as conclusions on climate finance ahead of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) in Glasgow. After a presentation by the Commission of new proposals, ministers were invited to express their views on the revision of prudential rules for insurance and reinsurance companies, within the Solvency II framework.