In January 2022, the FSMA published its handbook on the IDD rules of conduct. The handbook provides explanations of the rules of conduct that apply in the insurance sector.
The FSMA has now updated this handbook in order, among other things, to provide greater clarity regarding:
- the division of responsibilities between insurance companies and insurance intermediaries for the provision of precontractual and periodic information to clients;
- the principles applicable to storage of the data in the client file.