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

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2002/92/EC new 76. 'reinsurance intermediary' means any natural or legal person , other than a reinsurance undertaking, who, for remuneration, takes up or pursues reinsurance mediation; 87. 'tied insurance intermediary' means any person who carries on the activity of insurance mediation for and on behalf of one or more insurance undertakings in the case of insurance products which are not in competition but does not collect premiums or amounts intended for the customer or insurance intermediaries, and who acts under the full responsibility of those insurance undertakings for the products which concern them respectively. or insurance intermediaries, provided that the insurance intermediaries under whose responsibility the person acts do not themselves act under the responsibility of another insurance undertaking or intermediary ; Any person who carries on the activity of insurance mediation in addition to his principal professional activity is also considered as a tied insurance intermediary acting under the responsibility of one or several insurance undertakings for the products which concern them respectively if the insurance is complementary to the goods or services supplied in the framework of this principal professional activity and the person does not collect premiums or amounts intended for the customer; new 9. 'advice' means the provision of a recommendation to a customer, either upon their request or at the initiative of the insurance undertaking or the insurance intermediary; new 10. 'contingent commission' means a remuneration in the form of a commission where the amount payable is based on the achievement of agreed targets relating to the business placed by the intermediary with that insurer; 2002/92/EC 118. 'large risks' shall be as defined by Article 5(d) of Directive 73/239/EEC; 129. 'home Member State' means: (a) where the intermediary is a natural person, the Member State in which his residence is situated and in which he carries on business; EN 32 EN
(b) where the intermediary is a legal person, the Member State in which its registered office is situated or, if under its national law it has no registered office, the Member State in which its head office is situated; 2002/92/EC (adapted) new 1310. 'host Member State' means the Member State in which an insurance or reinsurance intermediary has a branch permanent presence or establishment or provides services and which is not its home Member State ; 1412. 'durable medium' means a durable medium any instrument which enables the customer to store information addressed personally to him in a way accessible for future reference for a period of time adequate to the purposes of the information and which allows the unchanged reproduction of the information stored. as defined in Article 2(m) of Directive 2009/65/EC; In particular, durable medium covers floppy disks, CD-ROMs, DVDs and hard drives of personal computers on which electronic mail is stored, but it excludes Internet sites, unless such sites meet the criteria specified in the first paragraph. new (15) 'cross-selling practice' means the offering of an insurance service or product together with another service or product as part of a package or as a condition of taking another agreement or package; (16) 'close links' means a situation referred to in Article 4(31) of Directive [MIFID II]; (17) 'primary place of business' means the location from where the main business is managed; (18) 'remuneration' means any commission, fee, charge or other payment, including an economic benefit of any kind, offered or given in connection with insurance mediation activities. (19) 'tying practice' means the offering of one or more ancillary services with an insurance service or product in a package where this insurance service or product is not made available to the consumer separately. (20) 'bundling practice' means the offering of one or more ancillary services with an insurance service or product in a package where this insurance service or product is also made available to the consumer separately but not necessarily on the same terms or conditions as when offered bundled with the ancillary services. EN 33 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 and 28: developments in other areas of Unio
Page 29 and 30: 2002/92/EC new This Directive shal
Page 31: 2002/92/EC new 5. 'insurance inter
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
Page 83 and 84:
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
Page 89 and 90:
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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