UK insurance distribution: IDD transposition, post‑Brexit framework, FCA Handbook transfer, regulatory perimeter and connected contracts exclusion, conduct, POG, IPID, IBIPs, complaints, client money and sanctions

Published by a LexisNexis Financial Services expert

Practice notes

This Practice Note outlines how the UK has given effect to the Insurance Distribution Directive (Directive (EU) 2016/97) (IDD), setting out the core components of the UK insurance distribution framework, with links to UK legislation, rules and guidance, and noting reforms made since the UK’s withdrawal from the EU. For information on the EU IDD, including its background and objectives, see Practice Note: EU IDD—essentials.

IDD—implementation in the UK

EU Member States were required to transpose the IDD into domestic law by 1 July 2018, with the rules taking effect from 1 October 2018. To implement the IDD in the UK, the Financial Conduct Authority (FCA) issued three dedicated consultation papers, three corresponding policy statements and a Handbook Notice. The relevant papers are:

March 2017, FCA Consultation Paper ‘Insurance Distribution Directive Implementation—Consultation Paper I’ 17/7 (CP17/7)
July 2017, FCA Consultation Paper ‘Insurance Distribution Directive Implementation—Consultation Paper 2’ 17/23 (CP17/23)
September 2017, FCA Consultation Paper ‘Insurance Distribution Directive-Consultation Paper 3’ 17/33 (CP17/33)
September 2017, FCA Policy Statement 1 ‘Insurance Distribution Directive implementation—Feedback to CP17/7 and near-final rules’ 17/21 (PS17/21)
December 2017, FCA Policy Statement 2 ‘Insurance Distribution Directive implementation—Feedback to CP17/23 and near-final rules’ 17/27...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 22/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...