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Insurance: EU Law

HM Treasury written question – answered on 9th January 2015.

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Photo of Charles Hendry Charles Hendry Conservative, Wealden

To ask Mr Chancellor of the Exchequer, what the cost has been to the UK of the EU's Solvency II Initiative to date; and what recent estimate he has made of the cost of full implementation of that initiative.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

HM Treasury published an impact assessment on UK implementation of Solvency II in November 2011. The impact assessment can be found at:

https://www.gov.uk/government/consultations/solvency-ii-framework-directive-2009138ec

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