European Council approves IDD delays

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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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