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.