Insurance Distribution Directive (IDD)—scope, registration, passporting and sanctions

The following Insurance & Reinsurance practice note provides comprehensive and up to date legal information covering:

  • Insurance Distribution Directive (IDD)—scope, registration, passporting and sanctions
  • Impact of Brexit
  • Loss of passporting rights—implications
  • Scope of the Insurance Distribution Directive
  • Who is affected?
  • Customers and consumers
  • Insurance distribution—regulated activities
  • Comparison and aggregator websites
  • Advising
  • Introducing
  • More...

Insurance Distribution Directive (IDD)—scope, registration, passporting and sanctions

The Directive (EU) 2016/97, Insurance Distribution Directive (IDD) replaced the Directive 2002/92/EC, Insurance Mediation Directive (IMD) effective 1 October 2018. This Practice Note provides an overview of the scope and some key provisions of the IDD. It focuses on the regulation of firms and provides a summary who is affected by IDD, what are IDD regulated activities, and who is excluded by IDD. It also summarises IDD authorisation and registration requirements, passporting rights and IDD sanctions. It also addresses the impact of the UK’s departure from the EU on the regulation of insurance distribution.

For more information on the IDD, see:

  1. Insurance Distribution Directive (IDD)—essentials

  2. Insurance Distribution Directive (IDD)—background and legislative history

  3. Insurance Distribution Directive (IDD)—timeline

  4. Insurance Distribution Directive (IDD)—organisational and conduct of business requirements

  5. Insurance Distribution Directive (IDD)—insurance-based investment products

  6. Insurance Distribution Directive (IDD)—Insurance Product Information Document requirements

Impact of Brexit

While much of the IDD was implemented in the UK by amendments to the Financial Conduct Authority (FCA) Handbook, the IDD enables the European Commission to implement Level 2 secondary legislation comprised of delegated acts and implementing technical standards. These are:

Legal basis (references are to the IDD)Implementing and Delegated Acts on Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast)Text with
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