The Institute of Insurance Brokers (IIB) will post details on its new regulatory arm to brokers this week.

IIB director general Andrew Paddick said on Tuesday the letters were at the printers and would be out soon. He said he would release details on the regulatory requirements of the proposed regulatory arm on Friday (October 19).

Paddick hopes the new arm will act as an updated version of the Insurance Brokers' Registration Council (IBRC).