Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-248-187"

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"en.20120703.18.2-248-187"2
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"I voted in favour of this document because Directive 2009/138/EC (Solvency II) provides a modern, risk-based system for the regulation and supervision of European insurance and reinsurance undertakings. These new rules are essential in order to ensure a safe and solid insurance sector. The deadline for the transposition of the directive into national law was 31 October 2012. However, in order to take into account the new supervisory architecture for insurance, namely, the setting up of the European Insurance and Occupational Pensions Authority, it is very important to ensure a smooth transition to the new regime. In order to become fully operational, the Solvency II regime also requires a high number of delegated and implementing acts by the Commission, providing important details on different technical matters. It is therefore proposed that the transposition date of Directive 2009/138/EC be extended to 30 June 2013."@en1

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