i-law

Insurance Regulation & Accounting

EU states disappoint in implementation of rules

Member states have taken a step backwards in their efforts to improve transposition of European Commission directives, according to the latest figures, and have missed targets to improve implementation of new rules. In February member states reported their best figures to date with an average rate of 1.6% of directives not transposed into national law on time, nearing the European Commission’s target deficit rate of 1.5%. However, figures for July reveal that member states have slipped back in their progress with the deficit rate up to 1.9%.

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