European Council approves IDD delays
EU ambassadors confirmed that the council has agreed to delay transposition of the Insurance Distribution Directive.
The European Council has ratified proposals to postpone the implementation of the Insurance Distribution Directive (IDD) from 23 February to 1 October 2018.
The move follows the European Commission’s proposal to put back application of the IDD.
The Treasury announced on 2 February that it would delay the transposition of the directive, which is designed to improve consumer protection, in-line with the Commission’s recommendation to push the date back.
Preparation
The European Council said in
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