EU Threatens Latvia, Spain, Cyprus Over Insurance Reforms
Law360, London (March 7, 2019, 5:24 PM GMT) -- The European Commission on Thursday threatened to take Latvia, Cyprus and Spain to the European Court of Justice unless they swiftly implement sweeping new rules governing insurance brokers that went live in October.
European Union member states were required to write the Insurance Distribution Directive into national law by July 2018 and were supposed to begin applying the regulatory package three months later.
"The three member states have not yet put the required national measures into force," the commission said in an update. "If the measures to enact this directive are not notified within two months, the commission may decide to...
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