EU Parliament adds to calls for Solvency II delay, but uncertainty remains
The European Parliament’s Committee on Economic and Monetary Affairs released a draft report on the Omnibus II directive in July this year. The report proposes a deferral of full implementation of Solvency II until January 1, 2014, but does suggest a gradual introduction of the new requirements during 2013.
But the report has created further uncertainty as to the implementation of Solvency II. Peter Skinner, Labour member of the European Parliament and rapporteur for the Solvency II directive
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