The Committee on Economic and Monetary Affairs adopted the report drafted by Sharon BOWLES (ADLE, UK) on the proposal for a directive of the European Parliament and of the Council 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.
It recommends that the European Parliament adopts its position at first reading, under the ordinary legislative procedure, taking over the Commission proposal.