IORP I Directive
E554133
The IORP I Directive was the European Union’s original legislative framework setting minimum standards for the operation and supervision of occupational pension funds across member states.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
EU pensions legislation
ⓘ
European Union directive ⓘ |
| adoptedBy |
Council of the European Union
NERFINISHED
ⓘ
European Parliament NERFINISHED ⓘ |
| adoptionDate | 2003-06-03 ⓘ |
| aimsTo |
ensure a high level of protection for scheme members and beneficiaries
ⓘ
facilitate the cross-border management of occupational pension schemes ⓘ promote the internal market for occupational retirement provision ⓘ |
| allows | cross-border activities of institutions for occupational retirement provision ⓘ |
| appliesIn | European Union member states ⓘ |
| defines | institution for occupational retirement provision ⓘ |
| doesNotCover |
individual pension products outside occupational schemes
ⓘ
state social security schemes ⓘ |
| enteredIntoForce | 2003-09-23 ⓘ |
| focusesOn | second pillar pensions ⓘ |
| fullName | Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision NERFINISHED ⓘ |
| geographicalScope | European Economic Area for EEA-relevant parts ⓘ |
| harmonises | basic prudential rules for occupational pension funds in the EU ⓘ |
| imposesOn | member states the obligation to transpose its provisions into national law ⓘ |
| language | multilingual EU legislation text ⓘ |
| leavesToMemberStates | detailed rules on investment and funding of occupational pension schemes ⓘ |
| legalBasis |
Article 47(2) of the EC Treaty
ⓘ
Article 55 of the EC Treaty ⓘ |
| OJReference | OJ L 235, 23.9.2003, p. 10–21 ⓘ |
| policyArea |
financial services
ⓘ
internal market ⓘ social policy ⓘ |
| publishedIn | Official Journal of the European Union NERFINISHED ⓘ |
| recastBy |
Directive (EU) 2016/2341
NERFINISHED
ⓘ
IORP II Directive NERFINISHED ⓘ |
| regulates |
institutions for occupational retirement provision
ⓘ
occupational pension funds ⓘ |
| relatedTo |
EU financial services action plan
NERFINISHED
ⓘ
prudential regulation of long-term savings ⓘ |
| repealedBy | Directive (EU) 2016/2341 NERFINISHED ⓘ |
| requires |
adequate technical provisions for pension liabilities
ⓘ
information disclosure to members and beneficiaries ⓘ prudential supervision of institutions for occupational retirement provision ⓘ sound governance of occupational pension institutions ⓘ sufficient funding of pension schemes ⓘ |
| sector | pensions ⓘ |
| sets |
minimum standards for operation of occupational pension funds
ⓘ
minimum standards for supervision of occupational pension funds ⓘ |
| shortName |
Directive 2003/41/EC
NERFINISHED
ⓘ
IORP I NERFINISHED ⓘ |
| status | repealed and replaced by IORP II Directive ⓘ |
| subjectOf | occupational retirement provision ⓘ |
| transpositionDeadline | 2005-09-23 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.