A number of important changes will need to be considered by advisory firms in the lead up to the IDD’s implementation from the 23rd February 2018.
The IDD covers authorisation, passporting and ongoing regulatory requirements for insurance intermediaries. It will also introduce new requirements around product oversight, governance and enhanced conduct rules for non-investment protection and IBIPs.
The intention is to more closely align client protections to those provided under MiFID II.
threesixty help our clients identify the key areas of the IDD they need to consider via a dedicated IDD section of our website.Here they have access to depth guidance, and later this year a IDD project plan, to help them identify the areas they may need to review.
We will also be providing examples of relevant documents that will be needed post the 23rd February 2018 e.g. client agreements etc.