On 5 December 2014, the Society of Lloyd's published a market bulletin informing managing agents of the minimum management information that must be obtained from policyholders for 'high product risk' products (e.g. motor, household and payment protection insurance). This will be mandatory from 1 January 2016 for certain high product risk products where the Lloyd's customer is within the EEA. An annex to the bulletin sets out the type of information that must be obtained, including information regarding policy type, total premium and fees paid by the Lloyd's customer to the insurer.