FIN.

LMA publishes IDD guidance for UK coverholders

The Lloyd’s Market Association (LMA) has published guidance on the IDD for UK coverholders.

The guidance covers some aspects of IDD, including:

  • product oversight and governance;
  • product information (including the IPID);
  • identifying client needs and advising; and
  • information requirements.

While certain part of the guidance are specific to the Lloyd’s market, the LMA has discussed the IPID requirements with the FCA and a list of Q&As is provided in appendix 6.

FIN. Team