On 19 January 2011, the European Commission published a proposal for a directive completing the framework for financial supervision in Europe which, to this end, would amend certain insurance rules. The proposal includes the possibility of adopting certain transitional measures in the specific context of implementation of the Solvency II Directive. The proposal also confirms that the said Directive's entry into force has been postponed for two months and is intended to provide the new European Insurance and Occupational Pension Authority, in place since 1 January 2011, with the means of performing the tasks assigned to it. The proposal must now be sent to the Council and European Parliament for consideration.