LC 26/1 from CAA

The CAA has just published Circular Letter LC 26/01 concerning investment rules for unit-linked life insurance products.
This document replaces LC 15/3. This article outlines the key points to note and the direct operational implications for brokers.

The Green Industry Act – Implications for Insurance Distributors in Luxembourg

The Green Industry Act – Implications for Insurance Distributors in Luxembourg

Under the Green Industry Act, Luxembourg-based insurance distributors advising clients who are French residents must comply with strengthened requirements. These include integrating ESG preferences into advice, ensuring greater traceability, maintaining ongoing client monitoring, and offering products carrying the ‘Green Industry’ label. The Act also extends to non-life insurance, complements the SFDR framework, and exposes distributors to significant penalties in the event of non-compliance.”