Directive 2002/65/EC of the European Parliament and of the CouncilShow full title

Directive 2002/65/EC of the European Parliament and of the Council of 23 September 2002 concerning the distance marketing of consumer financial services and amending Council Directive 90/619/EEC and Directives 97/7/EC and 98/27/EC

Article 17U.K.Directive 90/619/EC

In Article 15(1) of Directive 90/619/EEC the first subparagraph shall be replaced by the following:

‘1.Each Member State shall prescribe that a policyholder who concludes an individual life-assurance contract shall have a period of 30 calendar days, from the time when he was informed that the contract had been concluded, within which to cancel the contract.’