Regulatory Alerts2022-07-25
Added · Updated
EIOPA guidance on integrating sustainability preferences in IDD suitability assessments
The European Insurance and Occupational Pensions Authority (EIOPA) published guidance to facilitate the implementation of Commission Delegated Regulation (EU) 2021/1257 by insurance undertakings and intermediaries providing advice on insurance-based investment products (IBIPs). The guidance specifies how to help customers understand sustainability preferences, collect this information, match preferences with products based on Sustainable Finance Disclosure Regulation (SFDR) disclosures, ensure product suitability, and define training and competence requirements for intermediaries. This publication follows a public consultation on draft guidelines, after which EIOPA decided to pause work on formal guidelines to gather more implementation experience.