[26] The incident in January 2013, according to Channel 4 News in November 2017, was
preceded by an intermediary making the same approach several times.
The disclosure obligations imposed on manufacturers and distributors of (re) insurance products under the IDD and the PRIIPs are far more extensive that what market players, particularly
intermediaries, have been accustomed to under the
preceding regime, namely the Insurance Mediation Directive, which will now be completely abolished and replaced
by the IDD.