Treasury confirms IDD delay
Biba head of compliance and training David Sparkes welcomes the delay and urges the FCA to publish its final rules.
The Treasury has confirmed the delay of the implementation of the Insurance Distribution Directive (IDD) until 1 October 2018.
The first proposals to push back the application date of the IDD were published by the European Commission in December last year.
In February the Treasury stated it would not transpose the IDD into national law until the outcome of the proposal to the directive’s application date was confirmed.
The European Council then approved the delay on 14 February 2018.
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