Insurance Regulation & Accounting
Six member states referred to ECJ over insurance broker rules
The European Commission has referred six member states to the European Court of Justice (ECJ) over their failure to implement
the Insurance Mediation Directive. The Commission has brought the case against Germany, Greece, France, Malta, Spain and Portugal
which are now 18 months late in transposing the measures into national law. According to the Commission, in Germany, Greece
and Portugal the legislative process is “on-going” and is yet to be finalised. France, Malta and Spain have informed the Commission
of some national measures but have told the Commission that more legislation is needed before the implementation is complete.