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Insurers push for new way to recognise equivalence of Canada

Regime recognition mechanism proposal should be agreed in Omnibus II, says Standard Life's Porteous

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Insurers are urging European policy-makers to change the rules on third-country equivalence to enable countries that do not want to undergo a formal assessment to be recognised as Solvency II equivalent.

A new mechanism known as ‘regime recognition' is understood to be part of the trilogue negotiations between the European Parliament, European Commission (EC) and the Council of the European Union

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