IDD

EU gets sustainable about finance: the new legislation explained

On 24 May 2018, the EU published its first batch of legislative proposals on sustainable finance, the first concrete steps of its bold action plan in this area, published earlier in May. With this action plan, the EU has shown its intent to become a world leader in sustainable finance. With all this recent activity, let’s examine the immediate impacts for t […]
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How to assess suitability and appropriateness under the IDD

The Insurance Distribution Directive (IDD), which applies from 1 October 2018, introduces a regime for the selling of insurance-based investment products (IBIPs). Under the IDD, customers’ profiles, including their demands and needs, must be determined, and suitability or appropriateness must be assessed for every IBIP sale (much like what MiFID II requires in […]
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Inducements under the IDD (compared to MiFID)

The Insurance Distribution Directive (IDD) is to insurance what MiFID is to investments. It repeals the directive on insurance mediation and regulates specific insurance-based investments, including inducements. It must be transposed into national legislation by 23 February 2018, although the application of the transposition measures adopted by Member States has […]
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How the IDD will affect insurance-based investment products

The Insurance Distribution Directive (IDD) is to insurance what MiFID is to investments. It repeals the directive on insurance mediation and regulates specific insurance-based investments. It must be transposed into national legislation by 23 February 2018, although a delay in when the adopted measures must be applied is currently being discussed. Notably, the d […]
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Product oversight and governance requirements under IDD

Significant decisions remain regarding the Insurance Distribution Directive (IDD), which is due to be transposed into Luxembourg law in February 2018. (Read my last article on the IDD’s new requirements for training). In this article I will address the regulatory framework for product oversight and governance (POG) requirements that this new directive brings, […]
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Are you ready to provide training sessions under IDD?

The Insurance Distribution Directive (IDD), often called “the MiFID of the insurance business,” must be transposed into national legislation by 23 February 2018. The law amendment transposing the Directive is expected to be published in Luxembourg at the end of 2017. It is therefore time, now, to make sure you’re prepared, because the IDD, which repeals th […]
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