Recommendations are addressed to national competent authorities or insurance undertakings.
They are aimed at establishing consistent, efficient, and effective supervisory practices; and ensuring common, uniform, and consistent application of Union law.
Even though they are not legally binding, competent authorities and financial institutions shall make every effort to comply with them. EIOPA can issue recommendations according to Article 16 of Regulation (EU) No 1094/2010 (EIOPA Regulation).
