On 9 September 2014, the Presidency of the Council of the EU published a third compromise proposal (12961/14) regarding the European Commission's text of the revised Insurance Mediation Directive (IMD 2). A number of amendments are proposed, including (a) insertion of an express reference confirming that ancillary insurance intermediaries (AIMs) are captured by passporting provisions, (b) a power for Member States to stipulate that (re)insurance distributors responsible for the activity of a (re)insurance intermediary or AIM are responsible for ensuring that the (re)insurance intermediary or AIM meets their conditions for registration (and/or shall register the (re)insurance intermediary or AIM) and (c) that intermediaries who are natural persons must now be registered with the competent authority of the Member State where they carry out their distribution activity, if this is different than the Member State of their residence. 'Customer demands and needs' obligations have also been heightened for intermediaries who provide advice. Previously, such intermediaries were required to 'explain the reasons underpinning' their advice. Now, having assessed the customers' demands and needs, the insurance undertaking must provide a customer with a personalised recommendation as to why the specific product in question is most suitable. The general principles on freedom to provide services and freedom of establishment (Chapter IV), professional requirements (Chapter V) and sanctions and measures (Chapter VIII) have also undergone amendment.