Solvency II’s level 2 is the next battleground

michael-faulkner

With last year’s political agreement on Omnibus II, the Solvency II project is now moving ahead. The European Commission has been quietly taking soundings on its new unofficial draft of the level 2 delegated acts, which provide more detail on how the regime will operate. This has been circulated among member states and other key stakeholders and has already raised concerns from the insurance industry.

The draft of the delegated acts is largely in line with the version that was circulated by the

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