Europe – European Commission issue guidelines following Test-Achats ruling;
Europe – Solvency II potentially delayed by two years;
UK – VAT on payments for the transfer of an insurance business;
US – Illinois continues to pursue credit for reinsurance reform;
US – NAIC Captive & SPV Use Subgroup Holds Inaugural Meeting;
US – Dodd-Frank update: CFTC approves final rules regarding swap dealer sand major swap participants; and
US – CPSS & IOSCO issue a final report on OTC derivatives reporting and aggregation requirements.
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