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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