European Commission seeks to postpone IDD until October 2018
New proposals could see seven month delay.
The European Commission has proposed pushing back the application date of the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.
However it highlighted that EU countries were still required to bring the IDD, which will further regulate how insurance is sold, into national law by the original date of 23 February 2018.
The Commission added that the European Parliament and the Council will need to agree on the new application date “in an accelerated legislative procedure”.
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