Distance Selling Directive 1

United Kingdom
The Commission is said to be heavily involved working on a first draft of the Distance Selling Directive. Whilst the contents of the directive have not yet been revealed, they are expected to cover detailed conduct of business rules which will apply whenever a sale occurs and the salesman does not meet the investor either before or at the time of the sale. It is expected that a first draft of the directive will be published shortly.

ISDN - the Telecoms Data Protection Directive

The wording of the ISDN Directive on Data Protection has now been adopted by the Council of Ministers and the European Parliament. It contains two provisions of particular importance for the UK financial services sector.