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Europe Daily Bulletin No. 8564

16 October 2003
Contents Publication in full By article 26 / 36
GENERAL NEWS / (eu) eu/insurance
Commission closes Lloyd's proceedings

Brussels, 15/10/2003 (Agence Europe) - The Commission has decided to close the infringement proceedings into the regulation and supervision of the insurance company Lloyd's and its re-insurance company Equitas, as it feels that British legislation provides sufficient guarantee in terms of monitoring and solvency of the insurer. Further to complaints, the Commission sent an initial letter of formal notice to the British authorities in December 2001, on the implementation of Community...

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