103. Deputy Michael McGrath asked the Minister for Finance the status of the transposition of EU Directive 2016/97 on insurance distribution; the way in which each of the discretions allowed will be handled; his plans to ban commission in respect of IBIPs that are sold on the basis of independent advice; if the definition of the term "independent" in this context will be clarified; if the difference between MiFID products and products falling under the IDD will be addressed; and if he will make a statement on the matter. [35045/17]

Summary

103. Deputy Michael McGrath asked the Minister for Finance the status of the transposition of EU Directive 2016/97 on insurance distribution; the way in which each of the discretions allowed will be handled; his plans to ban commission in respect of IBIPs that are sold on the basis of independent advice; if the definition of the term "independent" in this context will be clarified; if the difference between MiFID products and products falling under the IDD will be addressed; and if he will make a statement on the matter. [35045/17]

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• EU Directives

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