European Commission proposes to delay IDD by seven months

To 1 October 2018

clock • 2 min read

The European Commission has proposed pushing back the application date of the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.

The European Parliament and 16 member states have requested the delay. "Despite the foreseen transposition period and the fact the date of entry into application was well-known to stakeholders, it appears some insurance distributors, especially smaller ones, are not yet fully ready for the new rules," the European Commission has said.   In order to align the application dates, the commission is also proposing to postpone the application of two IDD-delegated regulations to 1 October. FCA publishes Insurance Distribution Directive consultation Member states are still required, how...

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