On the 4th October 2011, the FSA revised when the Solvency II requirements would be switched on for firms to 1 January 2014, extending the deadline for compliance by a year.
The revised implementation date for Solvency II may mean compliance with the directive seems a long way off, but the scope of the changes required mean that insurers need to remain actively engaged in their implementation planning.
To see the key dates in the run up to implementation, view our updated Solvency II timeline.
Download the Solvency II timeline (PDF, 20 KB)