E.U.’S SOLVENCY II INSURANCE REGULATORY FRAMEWORK MOVING ALONG ON TRACK
The European Union’s Economic and Financial Affairs Council recently approved the Solvency II Amended Directive, an insurance and reinsurance regulatory framework which we initially reported on in a September 14, 2007 post, and which moved forward with recent approval by the European Parliament last month. The Council’s approval is mentioned on page 14 of a release describing a meeting of the Council, which followed a press release about the Parliament's action. The proposal will now be up for adoption by the Council at its next meeting, and implementation remains on track for October 31, 2012.
This post written by John Pitblado.
