Greek draft law for the transposition of Insurance Distribution Directive published

Greek draft law for the transposition of Insurance Distribution Directive published

The much awaited draft law for the transposition of the Directive 2016/97 on insurance distribution (the “IDD”) has been published for consultation on June 21. The consultation period lapses on June 29, given that on July 1st all EU Member States must have their local legal frameworks transposing the IDD in place. Although the bill is still subject to amendments when brought before the Parliament, preliminary conclusions may be drawn with respect to some likely changes it brings for the insurance industry.

Read more in this release of KG Law firm.

The much awaited draft law for the transposition of the Directive 2016/97 on insurance distribution (the “IDD”) has been published for consultation on June 21. The consultation period lapses on June 29, given that on July 1st all EU Member States must have their local legal frameworks transposing the IDD in place. Although the bill is still subject to amendments when brought before the Parliament, preliminary conclusions may be drawn with respect to some likely changes it brings for the insurance industry.

Read more in this release of KG Law firm.