EIOPA launches a public consultation on the first Draft Implementing Technical Standards for occupational pensions

EIOPA invites all interested parties to provide their feedback on any
aspect of draft implementing technical standards (ITS) on reporting
procedures, formats and templates that will be used by competent
authorities when submitting relevant information to EIOPA. This
information comprises these national provisions of prudential nature which
are relevant to the field of occupational pension schemes and in the same
time are not covered by the reference to national social and labour law in
Article 20(1) of the same IORP Directive (2003/41/EC).

The draft implementing technical standards seek to ensure a uniform way of
reporting on prudential provisions by authorities to EIOPA. In addition,
EIOPA will make this information available on its website. This will
result in having a centralised source of information at EU level on
national provisions of prudential nature, which may in turn improve the
transparency and comparability of prudential frameworks.

During the two public consultations on the review of the IORP Directive
carried out in 2011-2012, a lack of clarity on prudential legislation and
its interaction with social and labour law were identified by some
stakeholders as significant obstacles to cross-border activity of IORPs.

The consultation will end on 10 March 2013, at 18.00 HRS CET.

Comments should be submitted via email to CP-12-005{at}eiopa.europa.eu
(Link: CP-12-005@eiopa.europa.eu ). Please note that comments
submitted after the deadline or not submitted on a provided template
cannot be processed.

EIOPA will consider the feedback received and expects to publish a final
report on the consultation by 30 June 2013. It is envisaged that the draft
ITS will be submitted to the European Commission for endorsement by 1
January 2014.

The Consultation Paper and the template for comments can be viewed on the
EIOPA website (Link:
https://eiopa.europa.eu/consultations/consultation-papers/index.html ).


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