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21 May 2012

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FSA to rule on Lloyd’s Solvency II request ‘shortly’

30 September 2011

The UK Financial Services Authority is expected to announce its ruling next week on a joint request by Lloyd's and the Association of British Insurers (ABI) to allow leading UK insurers to stick to an advanced schedule for the implementation of the Solvency II (SII) regime.

The FSA's decision will outline the regulator's view on whether Lloyd's can stick to the market's agreed timetable to implement SII requirements from 2013 as planned, even if EU policymakers make the expected concessions...

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