Implementation of the Insurance Distribution Directive

There are just nine months to go before the Insurance Distribution Directive must be transposed, and both HM Treasury and the regulator have issued consultations on how it will look in the United Kingdom. Juanita Morrison and Emma Radmore outline the proposed changes to law and regulation.

Emma Radmore is legal director and Juanita Morrison a solicitor specialising in commercial insurance at law firm Bond Dickinson. Contact them on emma.radmore@bonddickinson.com and juanita.morrison@bonddickinson.com.

The Insurance Distribution Directive (IDD) will repeal the Insurance Mediation Directive (IMD) and must be transposed by 23 February 2018. With less than a year to go until the implementation deadline, the Government and the Financial Conduct Authority have issued consultation papers on the transposition of the IDD into the UK’s domestic law.