Wednesday, 27 July 2011

Committee on Economic and Monetary Affairs - proposed text changes to Omnibus II

The GCAE published this on their site today - while I am not an expert on the legislative process, this looks like the proposed text for Omnibus II, hard-coding in deadlines for EIOPA to present draft Implementing Technical Standards and/or Regulatory Technical Standards for the articles which are subject to transitional measures. Justifications for the proposed change are generally provided.

Not sure if these deadlines are new news though (drafts to be provided to the Commission by EIOPA in most parts between March and July 2012).

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