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Deloitte Insurance Alert
The European Parliament and the Council amended the application date for the Insurance Distribution Directive: The countdown started! Are you ready?
On March 19, 2018, it was published in the Official Journal of the European Union the Directive (EU) 2018/411 of the European Parliament and of the Council that amends the Directive (EU) 2016/97 on Insurance Distribution as regards the date of application of Member States' transposition measures.
The Directive 2018/411 stipulates that, by July 1, 2018, the Member States shall adopt and publish the laws, regulations and administrative provisions necessary to comply with the Directive (EU) 2016/97 on Insurance Distribution (IDD).
Moreover, the Member States shall apply the laws, regulations and administrative provisions necessary to comply with the IDD from October 1, 2018 at the latest.
In the first edition of Deloitte Insurance Alert we cover:
- Key features of the IDD: Cross-selling: Product Oversight and Governance (POG); Product Information Document (PID); Conflicts of Interest
- What are the changes?
- Deloitte solutions
At Deloitte, we bring our experience and global network of regulatory change professionals in order to provide top-quality services, confidence and a clear way forward when our clients are faced with regulatory changes that require immediate action.