Legal provisions of COM(2012)217 - Modification of the dates of transposition and application of Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

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dossier COM(2012)217 - Modification of the dates of transposition and application of Directive 2009/138/EC on the taking-up and pursuit of the ...
document COM(2012)217 EN
date September 12, 2012

Contents

Article 1

Directive 2009/138/EC is hereby amended as follows:

1.Article 309(1) is amended as follows:

(a)in the first subparagraph, the date ‘31 October 2012’ is replaced by that of ‘30 June 2013’;

(b)after the first subparagraph, the following subparagraph is inserted:

‘The laws, regulations and administrative provisions referred to in the first subparagraph shall apply from 1 January 2014.’;

2.in the first paragraph of Article 310, the date ‘1 November 2012’ is replaced by that of ‘1 January 2014’;

3.in the second paragraph of Article 311, the date ‘1 November 2012’ is replaced by that of ‘1 January 2014’.

Article 2

This Directive shall enter into force on the day following that of its publication in the Official Journal of the European Union.

Article 3

This Directive is addressed to the Member States.