Directive (EU) 2016/97 is amended as follows:
(1) Article 2(1) is amended as follows:
(a) in point (4), point (c) is replaced by the following:
'(c) the insurance products concerned do not cover life insurance or liability risks, except for cover of liability risks complementing a good or service which the intermediary provides as its principal professional activity;
(b) point (8) is replaced by the following:
'(8) 'insurance distributor' means any insurance intermediary, ancillary insurance intermediary or any insurance undertaking engaging in insurance distribution activities;
(c) the following points (19) to (22) are added:
'(19) 'electronic format' means any durable medium other than paper;
(20) 'marketing communication' means any disclosure of information other than a disclosure required by Union or national law or other than the financial education material referred to in Article 16b, that directly or indirectly promotes insurance products or directly or indirectly entices invest
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