The Solvency II amending directive, known as Omnibus II was passed on April 14 having been adopted by the Council of the EU at first reading.

Omnibus II was adopted by the European Parliament on March 11.

The Directive is now awaiting publication in the Official Journal of the EU and will enter into force twenty days after it is published.

With this stage near completion, the European Commission is expected to publish the draft level 2 delegated acts imminently.

View Council approves amending rules for the insurance industry, 14 April 2014