Regulatory Alerts2025-07-16
General Good Provisions for Insurance Undertakings and Intermediaries
The Bank of Lithuania and the Insurance Supervisory Commission of Lithuania have issued national legislative provisions and resolutions to supplement the Insurance Distribution Directive and Solvency II for insurance undertakings and intermediaries. These regulations establish specific requirements for information disclosure, conduct of business, registration, professional competence, and the prevention of conflicts of interest. Additionally, the document outlines obligations regarding anti-money laundering, taxation, and cross-border business compliance relevant to insurance distributors.
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