Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-250-500"

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.20120703.18.2-250-500"2
lpv:hasSubsequent	lp_eu:2012-07-03-Speech-2-251-0002
lpv:speaker	lp:Paulo Rangel2
lpv:spokenAs	vice-chair; EPP (2009-11-25--2014-06-30)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-30--2014-06-30)3 unknown; Partido Social Democrata (2009-07-14--2014-06-30)3 member; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; AFCO (2012-01-19--2014-06-30)3 substitute; JURI (2012-01-19--2014-06-30)3
lpv:translated text	"Directive 2009/138/EC (Solvency II) establishes regulation and monitoring of insurance and reinsurance companies 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, considering that other legislation will enter into force prior to this directive and 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 the new legislation, an extension is also proposed for the start date of the Solvency II package until 1 January 2014. For these reasons, I voted for this report."@en1

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