In February 2017, the Treasury opened its consultation on the UK transposition of the IDD. The Treasury has now published the results of that consultation, and also the draft statutory instrument.
The consultation response document indicates that the draft statutory instrument will be laid before Parliament ‘in due course’. It also notes that the proposal by the European Commission to push back the implementation date of IDD from 23 February to 1 October 2018 will need to be agreed and confirmed by the European Parliament before it can be applied in UK law. As currently drafted, the statutory instrument comes into force 22 days after laying to enable the FCA to make certain rules; and 23 February 2018 for all other purposes.