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Non-life risks classified under classes 1 to 18 in Part A of Annex I to Directive 2009/138/EC:
minimum necessary knowledge of terms and conditions of policies offered, including ancillary risks if covered by such policies;
minimum necessary knowledge of applicable laws governing the distribution of insurance products, such as consumer protection law, relevant tax law and relevant social and labour law;
minimum necessary knowledge of claims handling;
minimum necessary knowledge of complaints handling;
minimum necessary knowledge of assessing customer needs;
minimum necessary knowledge of the insurance market;
minimum necessary knowledge of business ethics standards; and
minimum necessary financial competency.
Insurance-based investment products:
minimum necessary knowledge of insurance-based investment products, including terms and conditions and net premiums and, where applicable, guaranteed and non-guaranteed benefits;
minimum necessary knowledge of advantages and disadvantages of different investment options for policyholders;
minimum necessary knowledge of financial risks borne by policyholders;
minimum necessary knowledge of policies covering life risks and other savings products;
minimum necessary knowledge of organisation and benefits guaranteed by the pension system;
minimum necessary knowledge of applicable laws governing the distribution of insurance products, such as consumer protection law and relevant tax law;
minimum necessary knowledge of the insurance market and of the saving products market;
minimum necessary knowledge of complaints handling;
minimum necessary knowledge of assessing customer needs;
conflicts of interest management;
minimum necessary knowledge of business ethics standards; and
minimum necessary financial competency.
Life risks classified in Annex II to Directive 2009/138/EC:
minimum necessary knowledge of policies including terms, conditions, the guaranteed benefits and, where applicable, ancillary risks;
minimum necessary knowledge of organisation and benefits guaranteed by the pension system of the relevant Member State;
knowledge of applicable insurance contract law, consumer protection law, data protection law, anti-money laundering law and, where applicable, relevant tax law and relevant social and labour law;
minimum necessary knowledge of the insurance and other relevant financial services markets;
minimum necessary knowledge of complaints handling;
minimum necessary knowledge of assessing consumer needs;
conflicts of interest management;
minimum necessary knowledge of business ethics standards; and
minimum necessary financial competency.
Directive 2002/92/EC of the European Parliament and of the Council (OJ L 9, 15.1.2003, p. 3).
Directive 2014/65/EU of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 349).
Directive (EU) 2016/97 of the European Parliament and of the Council (OJ L 26, 2.2.2016, p. 19).
| Directive | Time limit for transposition of amending Directives |
|---|---|
| 2014/65/EU (EU) 2016/97 | 3.7.2016 22.2.2016 (as regards amendment of Directive 2002/92/EC in accordance with Article 43 of this Directive) 23.2.2018 (as regards transposition of this Directive in accordance with Article 42) |
| Directive 2002/92/EC | This Directive |
|---|---|
| Article 1(1) | Article 1(1) and (2) |
| Article 1(2) | Article 1(3) and (4) |
| Article 1(3) | Article 1(6) |
| Article 2 point (1) | Article 2(1) point (6) |
| Article 2 point (2) | Article 2(1) point (7) |
| Article 2 point (3) | Article 2(1) point (1) and Article 2(2) |
| Article 2 point (4) | Article 2(1) point (2) and Article 2(2) |
| Article 2 point (5) | Article 2(1) point (3) |
| Article 2 point (6) | Article 2(1) point (5) |
| Article 2 point (7) | — |
| Article 2 point (8) | Article 2(1) point (16) |
| Article 2 point (9) | Article 2(1) point (10) |
| Article 2 point (10) | Article 2(1) point (11) |
| Article 2 point (11) | — |
| Article 2 point (12) | Article 2(1) point (18) |
| Article 2 point (13) | Article 2(1) point (17) |
| Article 3(1) | Article 3(1) |
| Article 3(2) | Article 3(2) and (3) |
| Article 3(3) | Article 3(4) |
| Article 3(4) | — |
| Article 3(5) | — |
| Article 3(6) | Article 16 |
| Article 4(1) | Article 10(1) and (2) |
| Article 4(2) | Article 10(3) |
| Article 4(3) | Article 10(4) |
| Article 4(4) | Article 10(6) |
| Article 4(5) | — |
| Article 4(6) | — |
| Article 4(7) | Article 10(7) |
| Article 5 | Article 40 |
| Article 6(1) | Articles 4 and 6 |
| Article 6(2) | — |
| Article 6(3) | Article 11(1) |
| Article 7 | Article 12 |
| Article 8 | Articles 5, 7, 31 to 36 |
| Article 9 | Article 13 |
| Article 10 | Article 14 |
| Article 11 | Article 15 |
| Article 12(1) point (a) | Article 18 points (a)(i), (b)(i) |
| Article 12(1) point (b) | Article 18 point (a)(iv) |
| Article 12(1) point (c) | Article 19(1) point (a) |
| Article 12(1) point (d) | Article 19(1) point (b) |
| Article 12(1) point (e) | Articles 18 points (a)(iii), (b)(iii) and 19(1) point (c) |
| Article 12(2) | Article 20(3) |
| Article 12(3) | Article 20(1) |
| Article 12(4) | Article 22(1) |
| Article 12(5) | Article 22(2) and (4) |
| Article 13 | Article 23 |
| Article 14 | — |
| Article 15 | — |
| Article 16 | — |
| Article 17 | — |