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Will Solvency II give full regognition to non-EU supervision systems? : the European Commission expects CEIOPS to submit its first proposed implementing measures by the end of August 2010

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      <subfield code="a">Criteria are to be defined to assess whether supervision systems in use in third countries are equivalent to the Solvency II system. The main concern ensure that a third country's supervision system guarantees protection for policyholders as prescribed by Solvency II. The assessment will therefore focus on whether the third country''s supervision system uses a risk-based approach</subfield>
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