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Key Legislative Issues

Key legislative issues which impact Lloyd's relating to Solvency II

Lloyd's monitors the development of Solvency II and is lobbying throughout the legislative process to ensure that its members' interests are protected.

Key legislative issues which have an impact on Lloyd's are presented by topic below.

> Lloyd's lobbying

Overview of Lloyd's Solvency II lobbying activities

The draft Omnibus II Directive will amend certain provisions of the Solvency II Directive, including the implementation date. There has been limited progress in agreeing the details of the new legislation.

> Geographical diversification

Geographical diversification and Solvency II: a proposal by Lloyd's

> Equivalence under Solvency II

Process for assessing equivalence of third countries under Solvency II

> Solvency II implementation date

Slow legislative process in finalising the framework's details means that Solvency II's implementation date is likely to be postponed until at least January 2016.