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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.

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