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IORP II In force since 13 January 2019

Directive (EU) 2016/2341 on the activities and supervision of institutions for occupational retirement provision
32016L2341 · official text on EUR-Lex

Articles

• Article 1 — Subject matter
• Article 2 — Scope
• Article 3 — Application to IORPs operating social security schemes
• Article 4 — Optional application to institutions covered by Directive 2009/138/EC
• Article 5 — Small IORPs and statutory schemes
• Article 6 — Definitions
• Article 7 — Activities of an IORP
• Article 8 — Legal separation between sponsoring undertakings and IORPs
• Article 9 — Registration or authorisation
• Article 10 — Operating requirements
• Article 11 — Cross-border activities and procedures
• Article 12 — Cross-border transfers
• Article 13 — Technical provisions
• Article 14 — Funding of technical provisions
• Article 15 — Regulatory own funds
• Article 16 — Available solvency margin
• Article 17 — Required solvency margin
• Article 18 — Required solvency margin for the purpose of Article 17(3)
• Article 19 — Investment rules

Chapter 1 System of governance

Section 1 General provisions

• Article 20 — Responsibility of the management or supervisory body
• Article 21 — General governance requirements
• Article 22 — Requirements for fit and proper management
• Article 23 — Remuneration policy

Section 2 Key functions

• Article 24 — General provisions
• Article 25 — Risk-management
• Article 26 — Internal audit function
• Article 27 — Actuarial function

Section 3 Documents concerning governance

• Article 28 — Own-risk assessment
• Article 29 — Annual accounts and annual reports
• Article 30 — Statement of investment policy principles

Chapter 2 Outsourcing and investment management

• Article 31 — Outsourcing
• Article 32 — Investment management

Chapter 3 Depositary

• Article 33 — Appointment of a depositary
• Article 34 — Safekeeping of assets and depositary liability
• Article 35 — Oversight duties

Chapter 1 General provisions

• Article 36 — Principles
• Article 37 — General information on the pension scheme

Chapter 2 Pension Benefit Statement and supplementary information

• Article 38 — General provisions
• Article 39 — Pension Benefit Statement
• Article 40 — Supplementary information

Chapter 3 Other information and documents to be provided

• Article 41 — Information to be given to prospective members
• Article 42 — Information to be given to members during the pre-retirement phase
• Article 43 — Information to be given to beneficiaries during the pay-out phase
• Article 44 — Additional information to be given on request to members and beneficiaries

Chapter 1 General rules on prudential supervision

• Article 45 — Main objective of prudential supervision
• Article 46 — Scope of prudential supervision
• Article 47 — General principles of prudential supervision
• Article 48 — Powers of intervention and duties of the competent authorities
• Article 49 — Supervisory review process
• Article 50 — Information to be provided to the competent authorities
• Article 51 — Transparency and accountability

Chapter 2 Professional secrecy and exchange of information

• Article 52 — Professional secrecy
• Article 53 — Use of confidential information
• Article 54 — European Parliament right of inquiry
• Article 55 — Exchange of information between authorities
• Article 56 — Transmission of information to central banks, monetary authorities, European Supervisory Authorities and the European Systemic Risk Board
• Article 57 — Disclosure of information to government administrations responsible for financial legislation
• Article 58 — Conditions for the exchange of information
• Article 59 — National provisions of a prudential nature
• Article 60 — Cooperation between Member States, the Commission and EIOPA
• Article 61 — Processing of personal data
• Article 62 — Evaluation and review
• Article 63 — Amendment of Directive 2009/138/EC
• Article 64 — Transposition
• Article 65 — Repeal
• Article 66 — Entry into force
• Article 67 — Addressees