request that the home state regulator take all appropriate measures for the purpose of ensuring that the relevant EEA firm puts an end to the contravention; state that the appropriate regulator’s power of intervention is likely to become exercisable in relation to the relevant EEA firm if it continues the contravention; and. Is there anything wrong with … I was going to sit very quietly, but I thought I would place that on record. “The insurance distribution directive” means Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast)(26) as amended by Directive (EU) 2018/411 of the European Parliament and of the Council of 14 March 2018(27).”. (b)persons who are, in the opinion of the appropriate regulator, likely to be subject to a similar direction. in any other case, where it decides that immediate action is necessary to protect the interests of consumers. Article 17 of the insurance distribution directive, a relevant EEA firm has a branch in the United Kingdom; and. The noble Baroness asked about compliance with Islamic principles, which the noble Lord, Lord Tunnicliffe, also touched on. 2001/2511) to make further provision about passporting rights under the Directive, and makes consequential amendments to other instruments made under the Act. Subsection (6) was substituted by S.I. 2016/680 and S.I. (a)on the 22nd day after laying to enable rules to be made under section 137R (financial promotion rules) of the Act as amended by article 11; and. Schedule 4 was inserted by S.I. Section 409(1) was amended by S.I. (ii)damage to, or loss of, baggage and other risks linked to travel booked with that provider; (b)the amount of the premium paid for the insurance product does not exceed EUR 600 calculated on a pro rata annual basis; (c)by way of derogation from point (b), where the insurance is complementary to a service referred to in point (a) and the duration of that service is equal to, or less than, three months, the amount of the premium paid per person does not exceed EUR 200.”, “For the purposes of this Directive “insurance distribution” means the activities of advising on, proposing, or carrying out other work preparatory to the conclusion of contracts of insurance, of concluding such contracts, or of assisting in the administration and performance of such contracts, in particular in the event of a claim, including the provision of information concerning one or more insurance contracts in accordance with criteria selected by customers through a website or other media and the compilation of an insurance product ranking list, including price and product comparison, or a discount on the price of an insurance contract, when the customer is able to directly or indirectly conclude an insurance contract using a website or other media.”, “For the purposes of this Directive “reinsurance distribution” means the activities of advising on, proposing, or carrying out other work preparatory to the conclusion of contracts of reinsurance, of concluding such contracts, or of assisting in the administration and performance of such contracts, in particular in the event of a claim, including when carried out by a reinsurance undertaking without the intervention of a reinsurance intermediary.”, ““ancillary insurance intermediary” means any natural or legal person, other than a credit institution or an investment firm as defined in points (1) and (2) of Article 4(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council, who, for remuneration, takes up or pursues the activity of insurance distribution on an ancillary basis, provided that all the following conditions are met—. 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