Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-245-375"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-07-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20120703.18.2-245-375"2
lpv:hasSubsequent	lp_eu:2012-07-03-Speech-2-245-5002
lpv:speaker	lp:Regina Bastos2
lpv:spokenAs	substitute; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3 member; EMPL (2012-01-19--2014-06-30)3 member; FEMM (2012-01-19--2014-06-30)3 substitute; IMCO (2012-01-19--2014-06-30)3
lpv:translated text	"Solvency II, establishes regulation and monitoring of the business of insurance and reinsurance in the European Union. This new legislation is essential in order to ensure robustness and security in the insurance sector. The directive’s transposition deadline is 30 October 2012. Nonetheless, the Commission recently proposed an amendment to the directive with the aim of adopting a new design for monitoring the insurance sector, also proposing an extension of the initially set deadlines for transposition, repeal and application. The proposal to extend the deadline until 30 June 2013 is essential, given that other legislation will enter into force prior to this directive, and that it is not certain that these deadlines can be met, as is the case with the Omnibus II Directive. Bearing in mind that supervisory authorities and (re)insurance companies need time to prepare for the implementation of new legislation, an extension is also proposed for the start date of the Solvency II package until 1 January 2014. I voted for this report as I agree with the proposed measures."@en1

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