EMF, Eurofinas and EBF support, in principle, the Commission’s objective to ensure that a common consistent regulatory framework for insurance intermediaries is achieved at European level, and believe that full targeted harmonisation is the only means to ensure a level-playing field for intermediaries and a consistent level of protection for consumers across the EU.
They stress however the importance of conducting an effective monitoring of Member States’ adherence to this clause and of their compliance with subsequent Commission decisions, as failure to do so would inevitably lead to further regulatory inconsistencies among national markets and incoherent frameworks for both businesses and consumers, and would undermine the objective of the review of the Directive.
They mention four other areas of concern and urged the European commission to take their views into consideration when reviewing the Mediation Directive. They finally pledge their disposal for further discussion on the issue.
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