ECONOMY - FINANCE - BUSINESS / Insurance

Council approves postponement of transposition and application of insurance distribution directive

Brussels, 14/02/2018 (Agence Europe)

On Wednesday 14 February, the ambassadors of the member states to the EU (Coreper) approved the inter-institutional agreement postponing the transposition period and application of the directive on the distribution of insurance products.

Readers may recall that at the end of December, the Commission proposed to postpone the entry into force of the directive, initially scheduled for 23 February 2018, by seven months (see EUROPE 11930). This was in response to calls from the European...