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Supervisory and Regulatory framework for Pan-European Pension Funds<br />1<br />
In Europe<br />European pension funds (IORP) directive<br />mainly prudential<br />minimum harmonisation<br />very diverse...
FSMA in Europe<br />active member of EIOPA and of its Occupational Pensions Committee<br />active drafter of numerous EIOP...
in Belgium<br />one prudential law for pension funds<br />clear framework<br />principle based (prudent person principle)<...
FSMA in Belgium<br />FSMA is the sole pensions supervisor<br />compliance with the prudential law <br />of IORPs establish...
The purpose<br />one gateway,<br />European passport<br />even without Belgian plan<br />
On the field<br />FSMA is home supervisor of 9 cross-border IORPs<br />active in numerous European Member States (BE, LU, ...
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Jean paul servais version 16 jun

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Jean paul servais version 16 jun

  1. 1. Supervisory and Regulatory framework for Pan-European Pension Funds<br />1<br />
  2. 2. In Europe<br />European pension funds (IORP) directive<br />mainly prudential<br />minimum harmonisation<br />very diverse implementation by Member States<br />currently under review by the EU Commission<br />no EU social and labour directive (subsidiarity)<br />EIOPA is the European Insurance and Occupational Pensions Authority in charge of regulatory standards<br />
  3. 3. FSMA in Europe<br />active member of EIOPA and of its Occupational Pensions Committee<br />active drafter of numerous EIOPA cooperation protocols and research papers<br />preparation EIOPA's advice to the European Commission for review IORP directive<br />FSMA <br />is a proactive supervisor in Europe<br />has strong, both formal and informal, network of European supervisors<br />has broad knowledge of European pensions market place<br />
  4. 4. in Belgium<br />one prudential law for pension funds<br />clear framework<br />principle based (prudent person principle)<br />flexible governance structure adaptable to governance model of the sponsor<br />flexible funding/solvency requirements<br />no quantitative investment rules<br />no interference of social and labor law<br />
  5. 5. FSMA in Belgium<br />FSMA is the sole pensions supervisor<br />compliance with the prudential law <br />of IORPs established in Belgium<br />compliance with the social and labour law <br />of IORPs (local and foreign) operating in Belgium, <br />of insurance companies (local and foreign) operating in Belgium<br />and the pensions regulator<br />issues binding regulation and non-binding guidelines<br />
  6. 6. The purpose<br />one gateway,<br />European passport<br />even without Belgian plan<br />
  7. 7. On the field<br />FSMA is home supervisor of 9 cross-border IORPs<br />active in numerous European Member States (BE, LU, NL, IE, IT, MT, LT, CY)<br />several others in the pipeline<br />Multidisciplinary supervision teams<br />Let's make it work together<br />

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