HM Treasury has announced that a reform package will be ‘implemented as soon as possible’
HM Treasury has today (1 July 2021) published its response to the call for evidence around the review of Solvency II regulations – based on written feedback from 64 firms, it believes “many aspects of Solvency II are overly rigid and rules-based” and that the regime needs to be “more proportionate and flexible so that it works more effectively and outcomes can be delivered more efficiently”.
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