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EIOPA calls for IORP pensions input


As it prepares to provide advice on Institutions for Occupational Retirement Provision (IORPs) to the European Commission, the European Insurance and Occupational Pension Authority (EIOPA) has issued a call for market participants and occupational pensions stakeholders to give their input.

EIOPA is seeking comments on the scope of the IORP directive, the definition of cross-border activity, the scope of prudential regulation, and aspects of the governance of IORPs.

The deadline for this consultation period is 15 August 2011, with the European Commission setting EIOPA its final deadline for December 2011.

Gabriel Bernardino, chairman, EIOPA, said: "This is the first consultation issued in EIOPA’s name. As such it is an important step towards developing a new European supervisory culture in occupational pensions."

More information on the consultation can be found here.