EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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2002/92/EC 2. This Directive shall not apply to persons providing mediation services for insurance contracts if all the following conditions are met: (a) the insurance contract only requires knowledge of the insurance cover that is provided; (b) the insurance contract is not a life assurance contract; (c) the insurance contract does not cover any liability risks; (d) the principal professional activity of the person is other than insurance mediation; 2002/92/EC (adapted) (e) the insurance is complementary to the product or service goods supplied by any provider, where such insurance covers: (i) the risk of breakdown, loss of or damage to the goods supplied by that provider, or ; 2002/92/EC (adapted) new (ii) damage to or loss of baggage and other risks linked to the travel booked with that provider, even if the insurance covers life assurance or liability risks, provided that the cover is ancillary to the main cover for the risks linked to that travel; (f) the amount of the annual premium for the insurance contract, when prorated to produce an annual amount, does not exceed EUR 500 600 and the total duration of the insurance contract, including any renewals, does not exceed five years. 2002/92/EC (adapted) 3. This Directive shall not apply to insurance and reinsurance mediation services provided in relation to risks and commitments located outside the Community Union . EN 28 EN
2002/92/EC new This Directive shall not affect a Member State's law in respect of insurance and reinsurance mediation business pursued by insurance and reinsurance undertakings or intermediaries established in a third country and operating on its territory under the principle of freedom to provide services, provided that equal treatment is guaranteed to all persons carrying out or authorised to carry out insurance and reinsurance mediation activities on that market. This Directive shall not regulate insurance or reinsurance mediation activities carried out in third countries nor activities of Community insurance or reinsurance undertakings, as defined in First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct insurance other than life assurance(8) and First Council Directive 79/267/EEC of 5 March 1979 on the coordination of laws, regulations and administrative provisions relating to the taking-up and pursuit of the business of direct life assurance(9), carried out through insurance intermediaries in third countries. new Member States shall inform the Commission of any general difficulties which their insurance intermediaries encounter in establishing themselves or carrying out insurance mediation activities in any third country. For the purposes of this Directive: Article 2 Definitions 2002/92/EC new 1. 'insurance undertaking' means an undertaking which has received official authorisation in accordance with Article 6 of Directive 73/239/EEC or Article 6 of Directive 79/267/EEC; 2. 'reinsurance undertaking' means an undertaking, other than an insurance undertaking or a non-member-country insurance undertaking, the main business of which consists in accepting risks ceded by an insurance undertaking, a non-member-country insurance undertaking or other reinsurance undertakings which has received official authorisation in accordance with Article 3 of Directive 2005/68/EC ; EN 29 EN
Page 1 and 2: EUROPEAN COMMISSION Proposal for a
Page 3 and 4: participants involved in the sellin
Page 5 and 6: Overall, the estimate of the admini
Page 7 and 8: Article 1 enlarges the scope of IMD
Page 9 and 10: intermediation activities on an anc
Page 11 and 12: Chapter VII - Additional customer p
Page 13 and 14: The proposal has implications for t
Page 15 and 16: Whereas: new (1) A number of amend
Page 17 and 18: einsurance intermediaries in the in
Page 19 and 20: 2002/92/EC recital 16 (new) (17) Ap
Page 21 and 22: 2002/92/EC recital 22 (adapted) ne
Page 23 and 24: intermediary or undertaking should
Page 25 and 26: the conduct standards applicable to
Page 27: developments in other areas of Unio
Page 31 and 32: 2002/92/EC new 5. 'insurance inter
Page 33 and 34: (b) where the intermediary is a leg
Page 35 and 36: intermediary and who pursue the
Page 37 and 38: Member States shall ensure that the
Page 39 and 40: new (a) the name, address and any r
Page 41 and 42: 2. The competent authority of the h
Page 43 and 44: 2002/92/EC (adapted) new Home Memb
Page 45 and 46: years after the entry into force of
Page 47 and 48: 2. The authorities referred to in p
Page 49 and 50: (d) the procedure is free of charge
Page 51 and 52: (iii) the procedures referred to in
Page 53 and 54: eceived by any employee of theirs f
Page 55 and 56: (b) in a clear and accurate manner,
Page 57 and 58: CHAPTER VII ADDITIONAL CUSTOMER PRO
Page 59 and 60: (a) the nature of the service(s) of
Page 61 and 62: cause a disproportionate damage to
Page 63 and 64: Article 30 Reporting of breaches 1.
Page 65 and 66: shall put an end to the delegation
Page 67 and 68: new References to the repealed Dire
Page 69 and 70: transactions. The entities mentione
Page 71 and 72: The new IMD would continue to have
Page 73 and 74: new LEGISLATIVE FINANCIAL STATEMENT
Page 75 and 76: 1.4.3. Expected result(s) and impac
Page 77 and 78: 1.6 Duration and financial impact
Page 79 and 80:
Fraud Office (OLAF) and shall immed
Page 81 and 82:
3.2. Estimated impact on expenditur
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1) the content of adequate professi
Page 85 and 86:
Heading of multiannual financial fr
Page 87 and 88:
3.2.3. Estimated impact on appropri
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3.2.4. Compatibility with the curre
Page 91 and 92:
Annex to the Legislative Financial
Page 93:
new EN 93 EN
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EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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