Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-248-000"
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"en.20120703.18.2-248-000"2
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"I voted in favour of this Solvency II ‘quick fix’ directive in order to extend the deadline for the implementation of the new Solvency II regime which we are still debating in trialogue. This is an extremely important piece of legislation that has been almost 15 years in the making, and we must get it right. The original Solvency I regime comes to an end on 31 October 2012. Therefore, in order to avoid a legislative vacuum, we have decided to extend the Solvency I regime to 1 January 2014. The extension should allow Parliament and the Council sufficient time to reach a compromise that protects policy holders and strengthens our prudential regime, and also keeps our insurance industry globally competitive."@en1
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