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Verbatim report of proceedings
Tuesday, 3 July 2012 - Strasbourg OJ edition

Explanations of vote
MPphoto
 
 

Text tabled : A7-0198/2012

  John Bufton (EFD), in writing. – This is a purely technical postponement of the expiry date of existing insurance legislation pending the entry into force of a replacement Solvency II ‘quick fix’ directive in order to extend the deadline for the implementation of the new Solvency II regime, which is still being debated almost 15 years later. However, micro-management of the insurance sector is an unwelcome power grab by Brussels and renders the industry uncompetitive. In my opinion, existant legislation should be removed, rather than extended, while the Council and Commission debate further additions to its remit.

 
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