Closed consultation

Solvency II: resolving the remaining policy issues for UK transposition

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Seeking views on resolving the remaining Solvency II policy issues for UK transposition.

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Consultation description

Following on from the Solvency II Directive consultation published in November 2011, this short consultation is intended to complete the process of consultation on how the government should implement the Solvency II Directive in the UK.

Given the work to finalise Omnibus II, which amends the Solvency II Directive, the government has not been able to complete the consultation process before now. With the Omnibus II Directive coming into force on 23 May 2014, the Treasury is now working to complete the arrangements for transposition of Solvency II in order to ensure a smooth transition to the new prudential regime for insurance business.

The consultation seeks responses from interested parties, particularly UK insurance and reinsurance firms that fall within scope of the Solvency II Directive (Directive 2009/138/EC), as amended by Omnibus II (Directive 2014/51/EU).


Published 6 August 2014
Last updated 6 August 2014 + show all updates
  1. Edited chart illustrating the basic concept of the volatility adjustment
  2. First published.