The Presidency of the Council of the European Union has recently published three further compromise proposal texts (the fourth (13635/14), fifth (14341/14) and sixth (14791/14) compromise proposals) of the draft Insurance Distribution Directive (IMD2). Revisions to the text include changes which (a) seek to clarify the roles of home and host Member State supervisors concerning enforcement for breaches of conduct of business and other requirements, (b) aim to confine responsibility for professional requirements (e.g. knowledge and competency) to home Member States and (c) amend disclosure requirements (including regarding costs/charges associated with insurance-based investment products) and passporting procedures. Interestingly, provisions dealing with the identification and prevention of conflicts of interest have been moved to Chapter VII, which applies only to insurance-based investment products.