FCA sets out plans on IDD delay
Regulator follows up on Treasury announcement.
The Financial Conduct Authority (FCA) has updated the market on its approach to potential delays to the Insurance Distribution Directive (IDD).
In December the European Commission proposed a delay to the application date for IDD from 23 February to 1 October 2018.
The proposal is still under consideration by the European Parliament and European Council.
The suggested move was welcomed by David Sparkes, head of compliance and training at the British Insurance Brokers’ Association as good news
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