Insurance and Reinsurance (Solvency II) ***I European Parliament legislative resolution of 3 July 2012 on the proposal for a directive of the European Parliament and of the Council amending Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) as regards the dates of its transposition and application and the date of repeal of certain Directives (COM(2012)0217 – C7-0125/2012 – 2012/0110(COD))#P7_TC1-COD(2012)0110 Position of the European Parliament adopted at first reading on 3 July 2012 with a view to the adoption of Directive 2012/…/EU of the European Parliament and of the Council amending Directive 2009/138/EC (Solvency II) as regards the date for its transposition and the date of its application, and the date of repeal of certain Directives
Date: 2012-07-03
Institutions: Committee on Economic and Monetary Affairs, European Parliament
Subjects: financial solvency, insurance company, market supervision, national implementing measure, reinsurance








CE2013349EN.01010201.xml










29.11.2013   


EN


Official Journal of the European Union


CE 349/102





Tuesday 3 July 2012Insurance and Reinsurance (Solvency II) ***I
P7_TA(2012)0267
European Parliament legislative resolution of 3 July 2012 on the proposal for a directive of the European Parliament and of the Council amending Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) as regards the dates of its transposition and application and the date of repeal of certain Directives (COM(2012)0217 – C7-0125/2012 – 2012/0110(COD))
2013/C 349 E/18
(Ordinary legislative procedure: first reading)

The European Parliament,






—


having regard to the Commission proposal to Parliament and the Council (COM(2012)0217),










—


having regard to Article 294(2) and Articles 53(1) and 62 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C7-0125/2012),










—


having regard to Article 294(3) of the Treaty on the Functioning of the European Union,










—


having regard to the undertaking given by the Council representative by letter of 20 June 2012 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,










—


having regard to Rules 55 and 46(1) of its Rules of Procedure,










—


having regard to the report of the Committee on Economic and Monetary Affairs (A7-0198/2012),










A.


Whereas for reasons of urgency it is justified to proceed to the vote before the expiry of the deadline of eight weeks laid down in Article 6 of Protocol No 2 on the application of the principles of subsidiarity and proportionality;










1.


Adopts its position at first reading hereinafter set out;










2.


Calls on the Commission to refer the matter to Parliament again if it intends to amend its proposal substantially or replace it with another text;










3.


Instructs its President to forward its position to the Council, the Commission and the national parliaments.






Tuesday 3 July 2012P7_TC1-COD(2012)0110
Position of the European Parliament adopted at first reading on 3 July 2012 with a view to the adoption of Directive 2012/…/EU of the European Parliament and of the Council amending Directive 2009/138/EC (Solvency II) as regards the date for its transposition and the date of its application, and the date of repeal of certain Directives

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Directive 2012/23/EU.)