Clifford Chance
Solvency II Update - European Parliament Approves Omnibus II Directive
11 March 2014
On 11 March 2014, by 560 votes to 113, the European Parliament approved the Omnibus II Directive. This is an important milestone on the path to Solvency II implementation and provides (after the agreement at the Trialogue meetings in November 2013) some further certainty around the timing and shape of the Solvency II regime.
This briefing provides an update on where we are now in the Solvency II implementation process and the anticipated next steps.
