Regulatory Technical Standards (RTS) on Professional Indemnity Insurance (PII) for mortgage credit intermediaries

status: Adopted and published on the Official Journal

The Regulatory Technical Standard (RTS) on the minimum monetary amount of the professional indemnity insurance or comparable guarantee for mortgage credit intermediaries refer to Article 29(2)(a) of the proposed Directive on credit agreements relating to immovable residential property (Mortgage Credit Directive - MCD). The MCD aims at addressing a series of issues that the European Commission (EC) had identified in mortgage markets across the European Union (EU), including the lack of requirements pertaining to the professionalism, registration and authorisation of mortgage credit intermediaries.

Press Release

Consultation Papers