Brussels, 19/11/2015 (Agence Europe) - On Thursday 19 November, the European Commission ordered five member states to transpose the prudential rules for the insurance sector, which will apply from January 2016.
Reasoned opinions will be sent to Bulgaria, Greece, Luxembourg, Slovenia and Sweden, which have not transposed the Solvency II (2009/138) and Omnibus II (2014/51) directives into their national legislations, even though the deadline for them to do so was the end of March 2015.
The...