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ARTICLE · 18 JANUARY 2018

Inducements Under The IDD (Compared To MiFID)

KPMG Luxembourg
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The Insurance Distribution Directive (IDD) is to insurance what MiFID is to investments. It repeals the directive on insurance mediation and regulates specific insurance-based investments, including inducements.

LuxembourgFinance and Banking
Filip Oller
Filip Oller
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The Insurance Distribution Directive (IDD) is to insurance what MiFID is to investments. It repeals the directive on insurance mediation and regulates specific insurance-based investments, including inducements. It must be transposed into national legislation by 23 February 2018, although the application of the transposition measures adopted by Member States has been postponed to 1 October 2018. The postponement is meant to give insurance undertakings and distributors more time to correctly and effectively implement the IDD and to make the technical and organisational changes needed to comply with related delegated acts. Insurance undertakings and distributors should make the most of this additional preparation time.

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