2021-04-21

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Commission Delegated Regulation (EU) 2021/1257 amending product oversight and conduct of business rules for insurance sustainability factors

The European Commission amends Delegated Regulations (EU) 2017/2358 and (EU) 2017/2359 to require insurance undertakings and distributors to integrate sustainability factors, risks, and preferences into product oversight and conduct of business rules. Manufacturers must identify target markets at a granular level including sustainability objectives, while distributors must assess customer sustainability preferences, avoid mis-selling, and keep records of recommendations that do not meet such preferences. These obligations apply to insurance-based investment products and enter into force on the twentieth day following publication, with application starting on 2 August 2022.

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Directive (EU) 2016/97 of the E…2016Regulation (EU) 2019/2088 of th…2019Regulation (EU) 2020/852 of the…2020Commission DelegatedRegulation (EU) 2021/1257 ame…2021-04-21 · this document
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Source: European Insurance and Occupational Pensions Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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