02017R2358 — GA — 02.08.2022 — 002.002

Is áis doiciméadúcháin amháin an téacs seo agus níl aon éifeacht dhlíthiúil aige. Ní ghabhann institiúidí an Aontais aon dliteanas orthu féin i leith inneachar an téacs. Is iad na leaganacha de na gníomhartha a foilsíodh in Iris Oifigiúil an Aontais Eorpaigh agus atá ar fáil ar an suíomh gréasáin EUR-Lex na leaganacha barántúla de na gníomhartha ábhartha, brollach an téacs san áireamh. Is féidir teacht ar na téacsanna oifigiúla sin ach na naisc atá leabaithe sa doiciméad seo a bhrú

►B COMMISSION DELEGATED REGULATION (EU) 2017/2358 of 21 September 2017 supplementing Directive (EU) 2016/97 of the European Parliament and of the Council with regard to product oversight and governance requirements for insurance undertakings and insurance distributors (Text with EEA relevance) (IO L 341 20.12.2017, lch. 1)

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(*) Níor foilsíodh an gníomh seo i nGaeilge









▼B

COMMISSION DELEGATED REGULATION (EU) 2017/2358

of 21 September 2017

supplementing Directive (EU) 2016/97 of the European Parliament and of the Council with regard to product oversight and governance requirements for insurance undertakings and insurance distributors

(Text with EEA relevance)







CHAPTER I

GENERAL PROVISIONS

Article 1

Subject

This Regulation lays down rules for the maintenance, operation and review of product oversight and governance arrangements for insurance products and for significant adaptations to existing insurance products before those products are brought to the market or distributed to customers (‘product approval process’), as well as rules for product distribution arrangements for those insurance products.

Article 2

Scope

This Regulation shall apply to insurance undertakings and to insurance intermediaries that manufacture insurance products that are offered for sale to customers (‘manufacturers’), as well as to insurance distributors that advise on, or propose, insurance products that they do not manufacture.

Article 3

Manufacturing insurance products

1. For the purposes of Article 25(1) of Directive (EU) 2016/97, insurance intermediaries shall be considered manufacturers where an overall analysis of their activity shows that they have a decision-making role in designing and developing an insurance product for the market.

2. A decision-making role shall be assumed, in particular, where insurance intermediaries autonomously determine the essential features and main elements of an insurance product, including its coverage, price, costs, risk, target market and compensation and guarantee rights, which are not substantially modified by the insurance undertaking providing coverage for the insurance product.

3. Personalisation of and adaptation of existing insurance products in the context of insurance distribution activities for individual customers, as well as the design of tailor-made contracts at the request of a single customer, shall not be considered manufacturing.

4. An insurance intermediary and an insurance undertaking that are both manufacturers within the meaning of Article 2 of this Delegated Regulation, shall sign a written agreement which specifies their collaboration to comply with the requirements for manufacturers referred to in Article 25(1) of Directive (EU) 2016/97, the procedures through which they shall agree on the identification of the target market and their respective roles in the product approval process.







CHAPTER II

PRODUCT GOVERNANCE REQUIREMENTS FOR MANUFACTURERS

Article 4

Product approval process

1. Manufacturers shall maintain, operate and review a product approval process for newly developed insurance products and for significant adaptations of existing insurance products. That process shall contain measures and procedures for designing, monitoring, reviewing and distributing insurance products, as well as for corrective action for insurance products that are detrimental to customers. The measures and procedures shall be proportionate to the level of complexity and the risks related to the products as well as the nature, scale and complexity of the relevant business of the manufacturer.

2. The product approval process shall be set out in a written document (‘product oversight and governance policy’), which shall be made available to the relevant staff.

3. The product approval process shall: (a) ensure that the design of insurance products meets the following criteria: ▼M2 (i) go gcuirtear san áireamh cuspóirí, leasanna agus tréithe na gcustaiméirí, lena n-áirítear aon chuspóirí a bhaineann le hinbhuanaitheacht; ▼B (ii) it does not adversely affect customers; (iii) it prevents or mitigates customer detriment; (b) support a proper management of conflicts of interest.

4. The manufacturers' body or structure responsible for the manufacturing of insurance products shall do all of the following: (a) endorse and be ultimately responsible for establishing, implementing and reviewing the product approval process; (b) continuously verify internal compliance with that process.

5. Manufacturers designating a third party to design products on their behalf shall remain fully responsible for compliance with the product approval process.

6. Manufacturers shall regularly review their product approval process to ensure that that process is still valid and up to date. They shall amend the product approval process where necessary.

▼M2

Airteagal 5

Spriocmhargadh

1. Sa phróiseas chun táirge a fhormheas, sainaithneofar an spriocmhargadh agus an grúpa custaiméirí comhoiriúnacha le haghaidh gach táirge árachais. Sainaithneofar an spriocmhargadh ar leibhéal atá mionsonraithe go leordhóthanach, agus saintréithe, próifíl riosca, castacht agus cineál an táirge árachais á gcur san áireamh, chomh maith lena thosca inbhuanaitheachta faoi mar a shainmhínítear in Airteagal 2, pointe (24), de Rialachán (AE) 2019/2088 ó Pharlaimint na hEorpa agus ón gComhairle ( 1 ).

2. Féadfaidh monaróirí, go háirithe maidir le táirgí infheistíochta árachas-bhunaithe, grúpaí custaiméirí a shainaithint nach bhfuil an táirge árachais comhoiriúnach dá riachtanais, dá saintréithe ná dá gcuspóirí i gcoitinne, ach amháin i gcás ina mbreithnítear sna táirgí árachais tosca inbhuanaitheachta dá dtagraítear i mír 1.

3. Ní dhéanfaidh monaróirí táirgí árachais a dhearadh agus a mhargú mura bhfuil siad comhoiriúnach do riachtanais, do thréithe agus do chuspóirí na gcustaiméirí a bhaineann leis an spriocmhargadh, lena n-áirítear aon chuspóir a bhaineann le hinbhuanaitheacht. Agus measúnú á dhéanamh an bhfuil táirge árachais comhoiriúnach don spriocmhargadh, cuirfidh monaróirí san áireamh an leibhéal faisnéise atá ar fáil do na custaiméirí a bhaineann leis an spriocmhargadh sin agus a litearthacht airgeadais.

4. Áiritheoidh monaróirí go mbeidh na scileanna, an t-eolas agus an saineolas is gá ag an bhfoireann atá bainteach le dearadh agus le monarú táirgí árachais chun tuiscint cheart a fháil ar na táirgí árachais a dhíoltar agus ar na leasanna, ar na cuspóirí, lena n-áirítear aon chuspóir a bhaineann le hinbhuanaitheacht, agus ar shaintréithe na gcustaiméirí a bhaineann leis an spriocmhargadh.

Airteagal 6

Tástáil táirgí

1. Déanfaidh monaróirí a dtáirgí árachais a thástáil mar is iomchuí, lena n-áirítear cás-anailísí nuair is ábhartha, sula dtabharfar an táirge sin don mhargadh nó sula n-oiriúnófar go suntasach é, nó i gcás ina bhfuil athrú suntasach tagtha ar an spriocmhargadh. Leis an tástáil táirge sin, measúnófar an gcomhlíonann an táirge árachais thar a shaolré na riachtanais shainaitheanta, na cuspóirí sainaitheanta, lena n-áireofar aon chuspóir a bhaineann le hinbhuanaitheacht, agus saintréithe na gcustaiméirí a bhaineann leis an spriocmhargadh. Déanfaidh monaróirí a dtáirgí árachais a thástáil ar mhodh cáilíochtúil agus, ag brath ar chineál agus nádúr an táirge árachais agus ar an riosca díobhálach gaolmhar do chustaiméirí, déanfaidh siad tástáil chainníochtúil.

2. Ní chuirfidh monaróirí táirgí árachais ar an margadh má léiríonn torthaí na tástála táirge nach gcomhlíonann na táirgí na riachtanais shainaitheanta agus na cuspóirí sainaitheanta, lena n-áireofar aon chuspóir a bhaineann le hinbhuanaitheacht, agus saintréithe an spriocmhargaidh.

▼B

Article 7

Product monitoring and review

▼M2

1. Déanfaidh monaróirí faireachán leanúnach agus déanfaidh siad athbhreithniú rialta ar tháirgí árachais a chuir siad ar an margadh, chun imeachtaí a shainaithint a d’fhéadfadh tionchar ábhartha a imirt ar phríomhghnéithe, ar chumhdach riosca nó ar ráthaíochtaí na dtáirgí sin. Déanfaidh siad a mheas an bhfuil na táirgí árachais comhsheasmhach i gcónaí le riachtanais, tréithe agus cuspóirí an spriocmhargaidh shainaitheanta, lena n-áirítear aon chuspóir a bhaineann le hinbhuanaitheacht, agus an bhfuil na táirgí sin á ndáileadh ar an spriocmhargadh nó an bhfuil custaiméirí lasmuigh den spriocmhargadh á mbaint amach acu.

▼B

2. Manufacturers shall determine the appropriate intervals for the regular review of their insurance products, thereby taking into account the size, scale, contractual duration and complexity of those insurance products, their respective distribution channels, and any relevant external factors such as changes to the applicable legal rules, technological developments, or changes to the market situation.

3. Manufacturers that identify during the lifetime of an insurance product any circumstances related to the insurance product that may adversely affect the customer of that product shall take appropriate action to mitigate the situation and prevent further occurrences of the detrimental event. Manufacturers shall promptly inform concerned insurance distributors and customers about the remedial action taken.

Article 8

Distribution channels

1. Manufacturers shall carefully select distribution channels that are appropriate for the target market, thereby taking into account the particular characteristics of the relevant insurance products.

2. Manufacturers shall provide insurance distributors with all appropriate information on the insurance products, the identified target market and the suggested distribution strategy, including information on the main features and characteristics of the insurance products, their risks and costs, including implicit costs, and any circumstances which might cause a conflict of interest to the detriment of the customer. That information shall be clear, complete and up to date.

▼M2

3. Cuirfidh an fhaisnéis dá dtagraítear i mír 2 ar chumas dáileoirí árachais an méid a leanas a dhéanamh: (a) na táirgí árachais a thuiscint; (b) an spriocmhargadh sainaitheanta do na táirgí árachais a thuiscint; (c) aon chustaiméir nach bhfuil an táirge árachais comhoiriúnach dá riachtanais, dá thréithe ná dá chuspóirí, lena n-áirítear aon chuspóir a bhaineann le hinbhuanaitheacht a shainaithint; (d) gníomhaíochtaí dáileacháin a dhéanamh le haghaidh na dtáirgí árachais ábhartha i gcomhréir le sárleas a gcustaiméirí de réir mar a fhorordaítear in Airteagal 17(1) de Threoir (AE) 2016/97.

▼B

4. Manufacturers shall take appropriate steps to monitor that insurance distributors act in accordance with the objectives of the manufacturers' product approval process. They shall in particular verify on a regular basis whether the insurance products are distributed on the identified target market. That monitoring obligation shall not extend to the general regulatory requirements with which insurance distributors have to comply when carrying out insurance distribution activities for individual customers. The monitoring activities shall be reasonable, taking into consideration the characteristics and the legal framework of the respective distribution channels.

5. Manufacturers considering that the distribution of their insurance products is not in accordance with the objectives of their product approval process shall take appropriate remedial action.

Article 9

Documentation

Relevant actions taken by manufacturers in relation to their product approval process shall be duly documented, kept for audit purposes and made available to the competent authorities upon request.







CHAPTER III

PRODUCT GOVERNANCE REQUIREMENTS FOR INSURANCE DISTRIBUTORS

Article 10

Product distribution arrangements

1. Insurance distributors shall have in place product distribution arrangements containing appropriate measures and procedures to obtain from the manufacturer all appropriate information on the insurance products they intend to offer to their customers and to fully comprehend those insurance products, taking into account the level of complexity and the risks related to the products as well as the nature, scale and complexity of the relevant business of the distributor.

Insurance distributors shall set out the product distribution arrangements in a written document and make it available to their relevant staff.

▼M2

2. Is mar seo a leanas a bheidh na socruithe dáilte táirge: (a) beidh sé d’aidhm acu díobháil do chustaiméir a chosc agus a mhaolú; (b) tacú le bainistiú cuí coinbhleachtaí leasa; (c) a áirithiú go dtabharfar aird chuí ar chuspóirí, ar leasanna agus ar thréithe na gcustaiméirí, lena n-áirítear aon chuspóir a bhaineann le hinbhuanaitheacht.

▼B

3. The product distribution arrangements shall ensure that the insurance distributors obtain from the manufacturer the information to be communicated under Article 8(2).

4. Any specific distribution strategy set up or applied by insurance distributors shall be in accordance with the distribution strategy set up and the target market identified by the manufacturer.

5. The insurance distributors' body or structure responsible for insurance distribution shall endorse and be ultimately responsible for establishing, implementing and reviewing the product distribution arrangements and continuously verify internal compliance with those arrangements.

6. Insurance distributors shall regularly review their product distribution arrangements to ensure that those arrangements are still valid and up to date. They shall amend product distribution arrangements where appropriate. Insurance distributors that have set up or apply a specific distribution strategy shall, where appropriate, amend that strategy in view of the outcome of the review of the product distribution arrangements. When reviewing their product distribution arrangements, insurance distributors shall verify that the insurance products are distributed to the identified target market.

Insurance distributors shall determine the appropriate intervals for the regular review of their product distribution arrangements, thereby taking into account the size, scale and complexity of the different insurance products involved.

To support product reviews carried out by manufacturers, insurance distributors shall upon request provide manufacturers with relevant sales information, including, where appropriate, information on the regular reviews of the product distribution arrangements.

▼M2

Airteagal 11

An monaróir a chur ar an eolas

Na dáileoirí árachais a thagann ar an eolas nach bhfuil táirge árachais i gcomhréir le leasanna, cuspóirí agus saintréithe na gcustaiméirí a bhaineann lena spriocmhargadh sainaitheanta, lena n-áirítear aon chuspóirí a bhaineann le hinbhuanaitheacht, nó go bhfuil siad ar an eolas faoi chúinsí eile a bhaineann le táirgí a d’fhéadfadh dochar a dhéanamh don chustaiméir, cuirfidh siad an monaróir ar an eolas faoi agus, i gcás inarb iomchuí, a straitéis dáileacháin don táirge árachais sin a leasú.

▼B

Article 12

Documentation

Relevant actions taken by insurance distributors in relation to their product distribution arrangements shall be duly documented, kept for audit purposes and made available to the competent authorities upon request.







CHAPTER IV

FINAL PROVISIONS

Article 13

Entry into force and application

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

▼M1

It shall apply from the date from which Member States are to apply the measures referred to in the first subparagraph of Article 42(1) of Directive (EU) 2016/97.

▼B

This Regulation shall be binding in its entirety and directly applicable in all Member States.