Fourth Presidency compromise text for the Omnibus II Directive


  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+

On 21 June 2011, the Council of the European Union published its fourth version of the proposed Presidency compromise text for the Omnibus II Directive. The updated text proposes a further one year delay, moving the date of implementation to 1 January 2014, and provides further details on the scope of transitional arrangements.

This summary includes a brief analysis of what these proposals may mean for companies and Solvency II in general.