Question ID: 2583
Regulation Reference: (EU) No 2016/97 - Insurance Distribution Directive
Date of submission: 21 Feb 2023
Is a host competent authority based on the treaty of the European Union allowed to charge a fee for the purpose of conduct of business supervision on insurance distributors wishing to carry out cross border business activities based on FOE/FOS in the host member state?
Background of the question
Some directives provide for a standardized notification procedure as a precondition for doing business in another MS (IDD, MCD). The directives are silent on the question of fees in these cases.