The Insurance Distribution Directive (IDD) shelved until the outcome of the proposal for its application date is confirmed, HM Treasury has announced.
The transposition of IDD, which was originally slated for 23 February, had been delayed until 23 October, we reported in December. However the decision to hold off implementing IDD until application date has been set has been welcomed by the Association of British Insurers. "We are pleased that HM Treasury has taken the pragmatic decision to pause the transposition process until the European Parliament and Council can confirm the application delay of the IDD," said James Bridge, assistant director,...
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