Insurance Distribution Directive

This is just another of the tsunami of rules being introduced in 2018, alongside MIFID II, GDPR and SM&CR, which will hit financial services firms in the UK in 2018.

The IDD consultation is now in its third iteration. We have had CP 17/7, CP 17/23 and most recently CP 17/33. The documents seem to have been getting longer with CP 17/33 running to 256 pages. The consultation from CP 17/33 closed on 25^th November with the policy document due to be produced in January 2018 in time for adoption in February 2018.