EU states still to implement IM directive

Ten countries in the European Union have yet to implement the Insurance Mediation Directive despite a deadline of 15 January 2005. This means IFAs in these countries have not had to comply with the more onerous disclosure requirements of the directive. The directive has not been implemented in Belgium, France, Germany, Greece, Italy, Luxembourg, Malta, the Netherlands, Portugal or Spain. Failing to implement it may make it harder for advisers to operate cross-border in these markets. IFAs could find it more difficult to recommend non-regulated products under the directive, because if they...