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EU insurance sector sees amendments to Solvency II adopted by member states

( November 5, 2024, 09:53 GMT | Official Statement) -- MLex Summary: EU finance and economy ministers today adopted a proposal to amend the Solvency II directive and a proposal for an insurance recovery and resolution directive. As the texts have now been adopted by both the Council of the EU and the European Parliament, the next step is their publication in the bloc's official bulletin, which will enter into force 20 days later. The new provisions will apply for two years after their entry into force.Press release follows. Texts attached....

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