Page 15 - BIPAR Panorama EN 2019

• Intermediaries and undertakings have to take (proportionate)
arrangements to prevent conflicts of interest from adversely affecting the
interests of their customers and must take steps to identify them.

• For IBIPs, extra rules such as a suitability and/or
appropriateness test are applicable and there is a Key Information
Document (KID) according to the PRIIPs Regulation.

• A September 2018 Decision of EIOPA’s Board of Supervisors
on the cooperation of national competent authorities with regard
to the IDD (replacing the CEIOPS Luxembourg Protocol) partly
clarifies when an intermediary is likely to be pursuing cross-
border activities in the EU.

BIPAR monitors the IDD implementation in the EU Member
States and assists its member associations, for example, in case of
wrong implementation of the text. In this context, BIPAR also issues
regular updates on the IDD implementation and on intermediaries’
remuneration in the EU Member States.
See more at https://www.bipar.eu/en/page/idd

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