European Parliament approved on 1st March 2018 the report of IDD

Insurance & Reinsurance
March 6

Following the recent decisions and the expected trend, the European Parliament adopted at first reading, during its plenary session of 1st March 2018, the draft Directive amending the IDD. The rest of the European legislative process is still to follow, but it is now clear that Member States will have to transpose IDD by no later than 1st July 2018, and will have to apply the transposition measures by 1st October 2018 at the latest.

The Belgian draft Act, currently under discussion with the relevant Minister, will be filed with the Belgian Parliament very soon, in order to meet the above mentioned deadlines.