Directive (EU) 2016/2341
E554132
Directive (EU) 2016/2341, known as the IORP II Directive, is an EU legislative act that sets prudential, governance, and information requirements for institutions for occupational retirement provision across the European Union.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Directive (EU) 2016/2341 canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
EU legislative act
ⓘ
European Union directive ⓘ |
| abbreviation | IORP II NERFINISHED ⓘ |
| adoptedBy |
Council of the European Union
NERFINISHED
ⓘ
European Parliament NERFINISHED ⓘ |
| aimsTo |
enhance protection of members and beneficiaries of occupational pension schemes
ⓘ
facilitate cross-border activities of IORPs ⓘ improve governance and risk management of IORPs ⓘ promote the internal market for occupational retirement provision ⓘ |
| alsoKnownAs | Institutions for Occupational Retirement Provision II Directive NERFINISHED ⓘ |
| appliesTo | Member States of the European Union NERFINISHED ⓘ |
| basedOn | Treaty on the Functioning of the European Union NERFINISHED ⓘ |
| containsRulesOn |
cross-border activities of IORPs
ⓘ
cross-border transfers of pension schemes ⓘ disclosure of information to members and beneficiaries ⓘ disclosure of information to prospective members ⓘ fit and proper requirements for IORP management ⓘ outsourcing by IORPs ⓘ remuneration policies of IORPs ⓘ risk management of IORPs ⓘ |
| jurisdiction | European Union ⓘ |
| legalNature | minimum harmonisation directive ⓘ |
| legalPredecessor | Directive 2003/41/EC NERFINISHED ⓘ |
| monitoredBy | European Insurance and Occupational Pensions Authority NERFINISHED ⓘ |
| objective |
ensure financial soundness of IORPs
ⓘ
ensure transparency of occupational pension schemes ⓘ |
| officialName | Directive (EU) 2016/2341 of the European Parliament and of the Council NERFINISHED ⓘ |
| policyArea |
financial services
ⓘ
internal market ⓘ pensions ⓘ social policy ⓘ |
| regulates |
governance requirements for IORPs
ⓘ
information requirements for IORP members and beneficiaries ⓘ prudential requirements for IORPs ⓘ |
| replaces | Directive 2003/41/EC NERFINISHED ⓘ |
| requires |
clear governance structure for IORPs
ⓘ
establishment of a risk management function in IORPs ⓘ establishment of an actuarial function in IORPs ⓘ establishment of an internal audit function in IORPs ⓘ own-risk assessment by IORPs ⓘ provision of a Pension Benefit Statement to members ⓘ |
| sector | occupational retirement provision ⓘ |
| setsRequirementsFor | institutions for occupational retirement provision ⓘ |
| shortName | IORP II Directive NERFINISHED ⓘ |
| subjectMatter |
institutions for occupational retirement provision
ⓘ
occupational pensions ⓘ prudential supervision of pension funds ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.