October 24, 2021

Volume XI, Number 297

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October 22, 2021

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FCA Publishes Second IDD Policy Statement

As the implementation date for the Insurance Distribution Directive (IDD) approaches, the FCA has published the second of its three policy statements on the implementation of IDD, PS17/27.  This policy statement contains near-final amendments to the FCA’s rules to enable firms to be able to prepare based on the substance of what the final versions are expected to look like.

The areas covered by this policy statement include:

  • information disclosure requirements;

  • the insurance product information document (IPID);

  • conflicts of interest;

  • product oversight and governance; and

  • inducements in relation to insurance-based investment products.

The final policy statement on IDD implementation is expected to be published in January 2018.

Copyright © 2021 Womble Bond Dickinson (US) LLP All Rights Reserved.National Law Review, Volume VII, Number 354
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About this Author

Roseyna Jahangir attorney Womble London
Attorney

Roseyna is a member of the financial services team. She works with clients ranging from banks and insurers to new entrants to the markets and companies for whom financial services are non-core activities; she assists clients in achieving their commercial objectives while operating within and complying with the applicable regulatory requirements. 

Roseyna provides practical advice and assistance on a broad range of financial services issues, including the requirements of the Financial Services and Markets Act and the Consumer Credit Act and...

+44 (0)20 7788 2377
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