The Council of the European Union announced in a press release on 5 December 2013 that it had adopted the Second Quick Fix Directive in relation to Solvency II (extending the transposition and application dates of the Solvency II Directive from 1 January 2014 to 1 January 2016), and subsequently published the revised text of the Directive on 13 December 2013. This was, in turn, formally published in the Official Journal of the EU on 18 December 2013.