1.1 Preparation for IORP II

 

aba publishes position paper on expected IORP II proposal

EU Commissioner Barnier (Internal Market and Services) announced in May 2013 that the Commission would publish a proposal for a review of the IORP Directive in autumn 2013. The proposal is likely to focus on better governance of IORPs and increasing transparency and reporting. Regarding the expected proposal, the aba position paper calls for:

  • a lasting Directive for IORPs (IORP-II Directive) rather than a transitory Directive;
  • a separate and appropriate supervisory regime for IORPs;
  • a bespoke IORP-II Directive proposal, with a content specific to occupational pensions; and
  • new governance and reporting requirements only if an added value can be expected at proportional costs.

     

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        Email: info@aba-online.de