Further uncertainty on Solvency II rules as Omnibus II vote postponed
Key vote by European Parliament could be delayed further
The insurance industry faces further uncertainty over the final rules for Solvency II after a key vote on the Omnibus II directive has been postponed.
The European Parliament's vote on Omnibus II has been delayed by four months until April 2012. The parliament had previously been scheduled to vote on the directive in January 2012.
The Parliament's vote is crucial to finalising the Omnibus II and the Level 1 framework of Solvency II. Until this framework is agreed, crucial detailed rules, such as
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