(10)This Directive contains a definition of "tied insurance intermediary" which takes into account the characteristics of certain Member States' markets and whose purpose is to establish the conditions for registration applicable to such intermediaries. This definition is not intended to preclude Member States from having similar concepts in respect of insurance intermediaries who, while acting for and on behalf of an insurance undertaking and under the full responsibility of that undertaking, are entitled to collect premiums or amounts intended for the customer in accordance with the financial guarantees laid down by this Directive.
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New version applies from 02/07/2014 — introduced by Directive 2014/65/EU (MIFID II).
48 provisions change.
Later versions: 23/02/2016.
Recital 10 changes in this version: compare with the current text.