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European Insurance and Occupational Pensions Authority

1626

Q&A

Question ID: 1626

Regulation Reference: (EU) No 2017/2359 - info requirements and conduct of business rules applicable

Topic: Other

Status: Final

Date of submission: 10 Jul 2018

Question

Are intermediaries expected to report about Conflicts of Interest to the insurance undertaking? 

EIOPA answer

No. Article 7 requires that an insurance intermediary or insurance undertaking will provide a written report on conflicts of interest to their own senior management. An intermediary is not obliged to report to an insurance undertaking.