Prudential regulation

The IORP Directive (Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision) sets minimum standards for Institutions of Occupational Retirement Provision (IORPs) across the EU. In Germany, the Directive applies to Pensionskassen and Pensionsfonds. The European Commission published a proposal for an IORP II Directive in March 2014.

The European Insurance and Occupational Pensions Authority (EIOPA) is an independent advisory body to the European Commission, the Council of the European Union and the European Parliament. In 2011, EIOPA was founded as part of the European System of Financial Supervision (ESFS) with the EIOPA Regulation. Regarding occupational pensions, the Authority takes its mandate from the IORP Directive.

In this area we have compiled documents regarding the following topics:


1.1   Preparation for IORP II

1.2   Proposal for the IORP II

1.3   Further EIOPA work on the HBS

2.     European System of Financial Supervision

3.     Long-term financing and Capital Markets Union

4.     Sustainable Finance

5.     Good Practices: portability, communication

6.     Third pillar: personal pensions







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