Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 Dece... (32016L2341)
Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) (recast) (Text with EEA relevance)
- DIRECTIVE (EU) 2016/2341 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
- of 14 December 2016
- on the activities and supervision of institutions for occupational retirement provision (IORPs)
- (recast)
- (Text with EEA relevance)
- TITLE I
- GENERAL PROVISIONS
- Article 1
- Subject matter
- Article 2
- Scope
- Article 3
- Application to IORPs operating social security schemes
- Article 4
- Optional application to institutions covered by Directive 2009/138/EC
- Article 5
- Small IORPs and statutory schemes
- Article 6
- Definitions
- Article 7
- Activities of an IORP
- Article 8
- Legal separation between sponsoring undertakings and IORPs
- Article 9
- Registration or authorisation
- Article 10
- Operating requirements
- Article 11
- Cross-border activities and procedures
- Article 12
- Cross-border transfers
- TITLE II
- QUANTITATIVE REQUIREMENTS
- Article 13
- Technical provisions
- Article 14
- Funding of technical provisions
- Article 15
- Regulatory own funds
- Article 16
- Available solvency margin
- Article 17
- Required solvency margin
- Article 18
- Required solvency margin for the purpose of Article 17(3)
- Article 19
- Investment rules
- TITLE III
- CONDITIONS GOVERNING ACTIVITIES
- CHAPTER 1
- System of governance
- Section 1
- General provisions
- Article 20
- Responsibility of the management or supervisory body
- Article 21
- General governance requirements
- Article 22
- Requirements for fit and proper management
- Article 23
- Remuneration policy
- Section 2
- Key functions
- Article 24
- General provisions
- Article 25
- Risk-management
- Article 26
- Internal audit function
- Article 27
- Actuarial function
- Section 3
- Documents concerning governance
- Article 28
- Own-risk assessment
- Article 29
- Annual accounts and annual reports
- Article 30
- Statement of investment policy principles
- CHAPTER 2
- Outsourcing and investment management
- Article 31
- Outsourcing
- Article 32
- Investment management
- CHAPTER 3
- Depositary
- Article 33
- Appointment of a depositary
- Article 34
- Safekeeping of assets and depositary liability
- Article 35
- Oversight duties
- TITLE IV
- INFORMATION TO BE GIVEN TO PROSPECTIVE MEMBERS, MEMBERS AND BENEFICIARIES
- CHAPTER 1
- General provisions
- Article 36
- Principles
- Article 37
- General information on the pension scheme
- CHAPTER 2
- Pension Benefit Statement and supplementary information
- Article 38
- General provisions
- Article 39
- Pension Benefit Statement
- Article 40
- Supplementary information
- CHAPTER 3
- Other information and documents to be provided
- Article 41
- Information to be given to prospective members
- Article 42
- Information to be given to members during the pre-retirement phase
- Article 43
- Information to be given to beneficiaries during the pay-out phase
- Article 44
- Additional information to be given on request to members and beneficiaries
- TITLE V
- PRUDENTIAL SUPERVISION
- CHAPTER 1
- General rules on prudential supervision
- Article 45
- Main objective of prudential supervision
- Article 46
- Scope of prudential supervision
- Article 47
- General principles of prudential supervision
- Article 48
- Powers of intervention and duties of the competent authorities
- Article 49
- Supervisory review process
- Article 50
- Information to be provided to the competent authorities
- Article 51
- Transparency and accountability
- CHAPTER 2
- Professional secrecy and exchange of information
- Article 52
- Professional secrecy
- Article 53
- Use of confidential information
- Article 54
- European Parliament right of inquiry
- Article 55
- Exchange of information between authorities
- Article 56
- Transmission of information to central banks, monetary authorities, European Supervisory Authorities and the European Systemic Risk Board
- Article 57
- Disclosure of information to government administrations responsible for financial legislation
- Article 58
- Conditions for the exchange of information
- Article 59
- National provisions of a prudential nature
- TITLE VI
- FINAL PROVISIONS
- Article 60
- Cooperation between Member States, the Commission and EIOPA
- Article 61
- Processing of personal data
- Article 62
- Evaluation and review
- Article 63
- Amendment of Directive 2009/138/EC
- Article 64
- Transposition
- Article 65
- Repeal
- Article 66
- Entry into force
- Article 67
- Addressees
- ANNEX I
- PART A
- Repealed Directive with list of its successive amendments
- (referred to in Article 65)
- PART B
- List of time-limits for transposition into national law and application
- (referred to in Article 65)
- ANNEX II
- Correlation Table
Feedback