EC denies any delay to SII implementation
The European Commission has denied that implementation of the Solvency II directive could be delayed until 1 January 2014, a year later than planned, despite admitting a "short transitional period" is likely to be introduced.
Observers across Europe have suggested the date is likely to be pushed back to accommodate European member states that are further behind than the UK in terms of readiness for the 1 January 2013
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