Proposal to push back the Insurance Distribution Directive (IDD) implementation date to 1 October 2018

The European Commission (EC) is proposing to push back the application date of the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.

It has stated that some insurance distributors, especially smaller ones, are not yet fully ready for the new rules. The EC also proposes pushing back two IDD delegated regulations to 1 October 2018 as well (these lay out rules for product oversight and governance, information requirements and conduct of business rules for distribution of insurance-based investment products).

Steve Dixon

Partner
Tel: 01372 847581
Email: stephen.dixon@sda-llp.co.uk
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