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Written Question
Insurance: EU Law
Friday 9th January 2015

Asked by: Charles Hendry (Conservative - Wealden)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the cost has been to the UK of the EU's Solvency II Initiative to date; and what recent estimate he has made of the cost of full implementation of that initiative.

Answered by David Gauke

HM Treasury published an impact assessment on UK implementation of Solvency II in November 2011. The impact assessment can be found at:

https://www.gov.uk/government/consultations/solvency-ii-framework-directive-2009138ec