On August 5, the Council of the EU published a cover note, which attaches a call for advice from the European Commission to the European Insurance and Occupational Pensions Authority (EIOPA) (dated July 31) on possible delegated acts concerning the Regulation on a Pan-European Personal Pension Product (PEPP Regulation) ((EU) 2019/1238).
The Commission requests advice relating to:
- The criteria and factors to determine when there is a significant PEPP saver protection concern under Article 64(9).
- The specification of additional information for supervisory reporting under Article 40(9) of the PEPP Regulation.
The PEPP Regulation was published in the Official Journal of the EU on July 25.
The Commission requests the final version of the advice by August 14, 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.