News From IVASS: Public Consultation Phase Of The New Regulation On The Poducts Governance And Oversight Of Insurance (POG) And IBIPs Distribution

Author:Mr Guido Foglia, Anthony Perotto and Michele Zucca
Profession:Nctm Studio Legale

On 23 September, IVASS published two consultation documents nn. 1/2019 and 2/2019 on its website.

By the first of the document, IVASS submits to the market the regulation scheme by which "new provisions regarding POG are introduced in order to increase the effectiveness of the national and European standards already in force and align the regulatory provisions to the new regulatory framework with particular reference to insurance investment products".

Document n. 2 aims, in particular, at introducing some revisions concerning the distribution of insurance investment products as well as the additional changes necessary for coordination and alignment of the relevant regulations for all distribution channels and all insurance products (specifically, to IVASS Regulations 38/2018, 40/2018 and 41/2018). The Document also contains amendments to IVASS Regulation 23/2008 (regarding the transparency of premiums and...

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