Insurance Distribution Directive

The European Commission began a review in 2010 of the Insurance Mediation Directive (IMD) which came into force in January 2005. The review resulted in proposed revised directive known as the Insurance Distribution Directive (IDD).  UK firms were originally required to comply with this by 23rd February 2018, but this date was put back to 1st October 2018 by the EU.

The key points which are more relevant to mortgage and insurance intermediaries have been summarised below.