The text of a final compromise proposal for the revised insurance mediation Directive (the Insurance Distribution Directive (IDD)) was published on 17 July 2015.   On 22 July 2015, the Council of the EU published a press release confirming its approval of the text through its Permanent Representatives Committee (COREPER).  The IDD will now be submitted to the European Parliament for a vote at first reading, before final consideration by the Council.  The text has not been significantly amended since the publication of a revised 6th presidency compromise text dated 7 November 2014.  Key latest amendments include, inter alia: (a) that 'reinsurance distribution' does not include professional loss adjusting, expert appraisal of claims and the management of claims of a reinsurer; (b) ability of Member States to require intermediaries to assess a sufficiently large/diverse range of insurance products when purporting to provide independent advice; and (c) power for the European Commission to specify criteria for assessing whether inducements have a detrimental impact on customer service and interests. Additionally, the automatic exemption from providing certain information to professional customers no longer applies. Instead, Member States may choose to dis-apply those information requirements in the case of insurance-based investment products for such customers.