The European Parliament has put its vote on Omnibus II back from early September to late October 2012. It didn't announce the delay. Rather, it was slipped quietly in the back door, while the presidency distracted us by explaining (again) that back-book transitionals & matching premiums are being actively considered in the trilogue process. It's still not impossible to make, transpose and require firms to comply with Solvency II from January 2014. But it has just become a bit harder. Perhaps now would be a good time to admit that the Czechs are right (see our previous blog post here), and that aiming for 2015 is more realistic?

Details of the current forecast for the plenary vote can be found here.