Member states call for delay to Solvency II
Fears that revised transposition timetable 'would create legal uncertainty' as Czech Republic pushes for 2015 implementation date
European policy-makers are facing pressure from some member states to postpone the implementation date of Solvency II because of delays in the legislative process.
The Czech Republic and Sweden have warned that the slow progress in finalising Omnibus II will mean national regulators and insurance companies will not have adequate time to prepare for the introduction of the new regulatory requirements.
Until the Omnibus II Directive is adopted – which is now not expected to take place until the
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