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Europe Daily Bulletin No. 10133

6 May 2010
Contents Publication in full By article 22 / 35
GENERAL NEWS / (eu) eu/financial services
Solvability II Directive will not come into force until January 2013

Brussels, 05/05/2010 (Agence Europe) - Speaking on Tuesday 4 May at a hearing on the EU's Solvability II Directive (2009/138/EC) revising the surveillance system for insurance and re-insurance (see EUROPE 9887), EU Internal Market Commissioner Michel Barnier said that very few insurers' tax years end on 31 October and he therefore wants the introduction date for the new directive to be put back from 31 October 2012 to 31 December 2012 in order to bring it into line with the end of most...

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