The FCA’s ‘over and above’ IDD copy-out

The Financial Conduct Authority has now published three consultation papers and its first set of “near final” rules for implementation of the Insurance Distribution Directive – which firms must comply with from 23 February 2018. Juanita Morrison and Davinia Collins focus on the FCA’s second CP and what the regulator’s proposals could mean for firms.

Juanita Morrison and Davinia Collins are solicitors at law firm Bond Dickinson. Contact them on juanita.morrison@bonddickinson.com and davinia.collins@bonddickinson.com.

The IDD entered into force on 23 February 2016 and firms must follow its requirements from 23 February 2018.