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
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.