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Article number: 7
1. For the purposes of Article 27 of Directive (EU) 2016/97, insurance intermediaries and insurance undertakings shall assess and periodically review, on an at least annual basis, the conflicts of interest policy established in accordance with Article 4 and take all appropriate measures to address any deficiencies.
2. Insurance intermediaries and insurance undertakings shall keep and regularly update a record of the situations in which a conflict of interest entailing a risk of damage to the interests of a customer has arisen or, in the case of an ongoing service or activity may arise.
Senior management of the insurance intermediary or insurance undertaking shall receive on a frequent basis, and at least annually, written reports on the situations referred to in the first subparagraph.
Metadata
RULEBOOK TOPIC: CHAPTER II - CONFLICTS OF INTEREST AND INDUCEMENTS
RULEBOOK CATEGORY: Delegated Regulation (EU) 2017/2359 (on the requirements related to insurance-based investment products)
Last update on: 14 Jan 2021