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ARTICLE · 07 APRIL 2021

EIOPA Publishes Analysis On National General Good Rules

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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The Insurance Distribution Directive (IDD) permits each Member State to develop general good rules (i.e. national rules)

IrelandInsurance

The Insurance Distribution Directive (IDD) permits each Member State to develop general good rules (i.e. national rules), including those on registration and professional and organisational requirements. Member States can then use these rules to impose local market-specific requirements on insurance and reinsurance distributors that passport into host Member States on a freedom of establishment (FoE) or freedom of services (FoS) basis, in addition to the obligations imposed on them under IDD.

The European Insurance and Occupational Pensions Authority (EIOPA) undertook a review of the published general good rules of each Member State on registration and professional and organisational requirements to determine if they have the potential to be non-compliant with IDD (Review).

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