Compensation, Benefits & Employment

• ICX Helps Identify Legal Uncertainties of Solvency II Directive through Financial Markets Law Committee Pape

  09/23/2013

  Irving, Carlson & Xavier LLP (ICX), a leading counsellor to global financial institutions and corporations, contributed to the Financial Markets Law Committee’s (“FMLC”) June 2013 paper, Discussion of legal uncertainties arising from the Solvency II Directive, which identifies issues of legal uncertainty in the provisions of the Solvency II Directive and how they might be addressed. The Directive 2009/138/EC aims to harmonize European insurance regulation, primarily the capital that companies must hold. The Solvency II Directive was supposed to become effective from January 1, 2014, however delays until 2016 are being suggested.