20 December 2017, the European Commission has proposed to push
back the application date of the Insurance distribution
Directive (IDD) by seven months, to 1st October 2018. The
European Parliament and 16 Member States had requested such a
countries are still required to transpose IDD into national
law by the original date, i.e. 23 February 2018.
order to align the application dates, the European Commission
is also preparing to postpone the application of two delegated
regulations executing the IDD (laying down the rules
applicable on product oversight and governance, on information
requirements and conduct of business rules for the
distribution of insurance-based investment products).
Parliament and the Council will need to agree on the new
application date, what will happen by means of an accelerated