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This briefing has been drawn up to support ECON’s work on the scrutiny of delegated acts, in particular as regards the discussion of 25 January 2017 on the implementing measures under the Insurance Distribution Directive (EU) 2016/97.

The European Parliament (EP), the Council and the Commission have reached an agreement on the revised Insurance Distribution Directive (IDD). The compromise text is due to be voted by the EP in plenary in November 2015, with the new rules to apply two years after adoption. The aim of the IDD is to curb further fragmentation of the EU market for insurance intermediaries and products. It will establish conditions for fair competition and strengthen consumer rights.