Biba welcomes proposed delay to IDD as good news for brokers
David Sparkes calls potential delay a “great” and “sensible” step.
David Sparkes, head of compliance and training at the British Insurance Brokers’ Association, has welcomed the proposals by the European Commission to delay the application of the Insurance Distribution Directive (IDD) which will further regulate how insurance is sold.
“We are very pleased, it is a great sensible step,” he confirmed.
Originally the IDD was supposed to come into force on 23 February 2018.
Under the new proposals released today (20 December) EU member countries would still have
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