| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/02/432 (19.3.02) |
| Publication Date | 20/03/2002 |
| Content Type | News |
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The European Commission has welcomed the unanimous adoption by the Council of a Common Position on the proposed Directive on insurance mediation, a key element in improving the internal market in retail insurance services. The Common Position preserves the main features of the Commission's proposal presented in September 2000 and takes account of amendments approved by the European Parliament in its first reading. The proposal will now return to the Parliament for its second reading. Once adopted, the proposed Directive, which is a priority measure under the Financial Services Action Plan (see IP00/556), will replace a 1977 Directive and thus become the only binding Community instrument for insurance intermediaries. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/432&format=HTML&rapid=0&language=EN&guiLanguage=en |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
