Today, the European Insurance and Occupational Pensions Authority (EIOPA) launched the public consultation on implementing technical standards for supervisory reporting and cooperation as mandated by the Pan-European Personal Pension Product (PEPP) Regulation.
The proposals specify the annual supervisory reporting requirements on PEPP and formalise the notifications required by the PEPP Regulation to facilitate efficient processes in the cooperation between competent authorities and EIOPA. The regular, annual submission of information on the PEPP business and efficient communication channels between competent authorities are key building blocks of the supervisory framework for the PEPP.
In developing its proposals, EIOPA sought input from the supervisory community of the insurance and pension sectors, the other European Supervisory Authorities, and conducted an active dialogue with EIOPA's stakeholder groups.
Stakeholder feedback is necessary to develop further the proposals and to ensure that the requirements enforce strong product supervision for PEPP and effective cooperation between PEPP competent authorities and EIOPA.
The consultation ends on 20 May 2020, 23:59 CET.