The Legal Regime and the Relevant Standards

  • Kyriaki NoussiaEmail author
  • Michele Siri


This chapter aims to analyze the historical perspective of the substantial rules on the regulation of Insurance-Based Investment Products (IBIPs), the IDD in relation to all insurance products as well as in relation to all additional rules on IBIPs. In doing so, it aims to offer a critical reasoning and analysis of the rationale behind the special topics in relation to IBIPs i.e. conduct, remuneration and conflicts of interest. In relation to the above it also analyses the evolution occurred to date in the financial services. Further on, it discusses the new regulations from the financial services perspective and attempts an analysis of their impact after the latest evolutions at European Commission level II delegated regulation.



Alternative Investment Fund Managers Directive


Committee of European Banking Supervisors


Committee of European Insurance and Occupational Pensions Supervisors (now EIOPA)


Committee of European Securities Regulators


Conduct of Business Rules




European Banking Authority


European Commission


European Insurance and Occupational Pensions Authority


European Supervisory Authorities


European System of Financial Supervision


European Securities and Markets Authority


European Systemic Risk Board


Financial Conduct Authority


Insurance-Based Investment Products


Insurance Distribution Directive


Insurance Mediation Directive


Investment Services Directive


Implementing Technical Standards


Key Information Document


Markets in Financial Instruments Directive


National Competent Authorities


Packaged Retail and Insurance Based Investment Products


Packaged Retail Investment Products


Regulatory Technical Standards


Treaty of the Functioning of the European Union


Undertakings for the Collective Investment of Transferable Securities


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Further Readinngs

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.School of Law, University of ExeterExeterUK
  2. 2.Jean Monnet Professor of European Union Financial and Insurance Markets Regulation, Law DepartmentUniversity of GenoaGenovaItaly

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