ARTICLE · 07 AUGUST 2018

Insurance Regulatory Update, June & July 2018

Arthur Cox

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On 29 June, the Department of Finance published the European Union (Insurance Distribution) Regulations 2018

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EUROPEAN UNION (INSURANCE DISTRIBUTION) REGULATIONS 2018

On 29 June, the Department of Finance published the European Union (Insurance Distribution) Regulations 2018 (the Regulations), which transpose the Insurance Distribution Directive (Directive 2016/97/EU) into Irish law. The Regulations will come into effect on 1 October and represent a significant departure from the way in which the distribution of (re)insurance products are regulated. The Regulations also repeal the European Communities (Insurance Mediation) Regulations 2005 and make a number of insurance related amendments to the Investment Intermediaries Act 1995. The Regulations are accessible here.

CENTRAL BANK CONSULTS ON CHANGES TO THE DOMESTIC ACTUARIAL REGIME AND RELATED GOVERNANCE REQUIREMENTS UNDER SOLVENCY II

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