In less than ten months, the Insurance Distribution Directive1 (‘IDD’) will be repealing the current Insurance Mediation Directive2 regulating the
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The European Council has formally adopted the EU Insurance Distribution Directive (formerly known as the Insurance Mediation Directive 2) (the
EIOPA publishes a Consultation Paper on conflicts of interest in direct and intermediated sales of insurance-based investment productsGANADO Advocates - October 3, 2014 - Categories: Other News
On 1 October 2014, EIOPA published a Consultation Paper following a request from the European Commission for technical advice concerning organisational requirements obliging insurance intermediaries and insurance undertakings to take appropriate measures to address conflicts of interest arising in the distribution of insurance based investment products.
On 26 February 2014, the European Parliament (EP) adopted in plenary the proposed text of the recast Insurance Mediation Directive (IMD II). The new Directive is set to introduce some significant developments to the rules governing the selling of insurance products across the EU.
The Economic and Monetary Affairs (ECON) Committee has voted in favour of the final draft wording of the Insurance Mediation Directive (IMD II). The next step is for the new Directive to be debated before the EU Parliament in a plenary session between 24 – 27 February, 2014.