The European Commission has published the draft of a Delegated Regulation under the Insurance Distribution Directive (EU) 2016/97 (IDD). The European Commission is granted the power to introduce delegated acts under Articles 28, 29 and 30 of the IDD. All these articles concern the distribution of insurance-based investment products.
The Delegated Regulation contains provisions relating to the prevention and management of conflicts of interest (Article 28), inducements (Article 29) and the assessment of suitability and appropriateness (Article 30).
Comments can be made on the drat Delegated Regulation until 17 August 2017.