Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-251-750"

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	"ro"^^xsd:language2
lpv:document identification number	"en.20120703.18.2-251-750"2
lpv:hasSubsequent	lp_eu:2012-07-03-Speech-2-252-0002
lpv:speaker	lp:Silvia-Adriana Țicău2
lpv:spokenAs	unknown; Partidul Social Democrat (2009-07-14--2014-06-30)3 member; Delegation for relations with India (2009-09-16--2014-06-30)3 member; S&D (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the Mercosur countries (2009-09-16--2014-06-30)3 substitute; ITRE (2012-01-19--2014-06-30)3 vice-chair; TRAN (2012-01-23--2014-06-30)3
lpv:translated text	"I voted for the report on amending Directive 2009/138/EC on the taking up and pursuit of the business of insurance and reinsurance (Solvency II) as regards the dates of its transposition and application and the date of repeal of certain directives. Directive 2009/138/EC (Solvency II) provides for a risk-based, state of the art system for regulating and monitoring European insurance and reinsurance companies. The deadline for transposing this directive is 31 October 2012, while the existing directives on the insurance and reinsurance sector, which are known as the Solvency I package, will be repealed from 1 November 2012. Based on the amendments tabled and approved, the deadline for transposing Directive 2009/138/EC is being changed from 31 October 2012 to 30 June 2013, and the date for repealing the Solvency I package from 1 November 2012 to 1 January 2014. These amendments were necessary in order to take into account the new supervisory framework in the insurance sector and, specifically, for creating the European Insurance and Occupational Pensions Authority (EIOPA), to enable the Solvency II system to become fully operational and ensure a trouble-free transition to the new system, and to prevent a legislative vacuum occurring after 31 October 2012."@en1

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