On 22 July 2013, the Society of Lloyd's published a communication noting that Solvency II is now unlikely to be implemented before 1 January 2016. Lloyd's suggests that a second 'quick fix' Directive may be required later this year to clarify the implementation date. The first such Directive amended Solvency II to extend the transposition date to 30 June 2013 and the date on from which it will apply to firms to 1 January 2014.