A draft of the Solvency II Level 2 text (Delegated Acts) dated 14 March 2014 is now considered stable and is being prepared by the Commission for presentation to co-legislators, a Commission source told Solvency II Wire. “The extensive pre-consultation phase with Member States experts and representatives from the European Parliament is now over, we consider the draft Delegated Acts stable,” the source said. The Commission intends to adopt the text sometime around the summer, after it completes internal processes such as translation and legal verification. Once adopted, the text can be presented to the Council and the Parliament. It is widely anticipated that the newly formed ECON committee will be ready to receive the Delegated Acts in September.