In the monthly infringement package published on 14 June, the EC has requested Austria, Denmark, Estonia and Finland to implement EU rules on insurance. These requests have taken the form of:
Reasoned opinions
The EC has decided to send reasoned opinions to Estonia and Denmark requesting them to fully implement the Solvency II Directive and the Omnibus II Directive. The Directives became fully applicable on 1 January 2016 and the deadline for their implementation in national law was 31 March 2015. However, Estonia and Denmark failed to notify the EC of all measures necessary to fully implement these rules into their national law. Having considered these countries’ replies to reasoned opinions and letters of formal notice, the EC is still of the view that transposition of the Directives is not yet complete in these Member States. If the Member States concerned do not act within the next two months, they may be referred to the ECJ.
Letters of formal notice
The EC has also decided to send letters of formal notice to Austria and Finland requesting their national authorities to fully enact the Solvency II Directive into their national legislation. If Austria and Finland do not act within the next two months, the EC may send them reasoned opinions on this matter.