Solvency II 2014 go-live date now impossible after vote delay
The European Parliament's key plenary vote on Omnibus II, originally due in November, has been pushed back past March 2013 after weeks of speculation due to the assessment on long-term guarantees, a European Commission spokesperson confirmed.
The delay will have a knock-on effect and postpone the Solvency II go-live date, most likely to 2015, the spokesperson told The Insurance Insider today.
"It's not new news. They need to wait on an impact assessment on long-term guarantees from the European Insurance...
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