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Directive 2016/2341/EU - IORP II DirectiveRecitalsTitle I General Provisions (arts. 1-12)Article 1 Subject matterArticle 2 ScopeArticle 3 Application to IORPs operating social security schemesArticle 4 Optional application to institutions covered by Directive 2009/138/ECArticle 5 Small IORPs and statutory schemesArticle 6 DefinitionsArticle 7 Activities of an IORPArticle 8 Legal separation between sponsoring undertakings and IORPsArticle 9 Registration or authorisationArticle 10 Operating requirements Article 11 Cross-border activities and proceduresArticle 12 Cross-border transfersTitle II Quantitative Requirements (arts. 13-19)Article 13 Technical provisionsArticle 14 Funding of technical provisionsArticle 15 Regulatory own fundsArticle 16 Available solvency marginArticle 17 Required solvency marginArticle 18 Required solvency margin for the purpose of Article 17(3)Article 19 Investment rulesTitle III Conditions governing activities (arts. 20-35)Chapter 1 System of governance (arts. 20-30)Section 1 General provisions (arts. 20-23)Article 20 Responsibility of the management or supervisory bodyArticle 21 General governance requirementsArticle 22 Requirements for fit and proper managementArticle 23 Remuneration policySection 2 Key functions (arts. 24-27)Article 24 General provisionsArticle 25 Risk-managementArticle 26 Internal audit functionArticle 27 Actuarial functionSection 3 Documents concerning governance (arts. 28-30) Article 28 Own-risk assessmentArticle 29 Annual accounts and annual reportsArticle 30 Statement of investment policy principlesChapter 2 Outsourcing and investment management (arts. 31-32) Article 31 OutsourcingArticle 32 Investment managementChapter 3 Depositary (arts. 33-35) Article 33 Appointment of a depositaryArticle 34 Safekeeping of assets and depositary liabilityArticle 35 Oversight dutiesTitle IV Information to be given to prospective members, members and beneficiaries (arts. 36-44) Chapter 1 General provisions (arts. 36-37) Article 36 PrinciplesArticle 37 General information on the pension schemeChapter 2 Pension Benefit Statement and supplementary information  (arts. 38-40)Article 38 General provisionsArticle 39 Pension Benefit StatementArticle 40 Supplementary informationChapter 3 Other information and documents to be provided (arts. 41-44) Article 41 Information to be given to prospective membersArticle 42 Information to be given to members during the pre-retirement phaseArticle 43 Information to be given to beneficiaries during the pay-out phaseArticle 44 Additional information to be given on request to members and beneficiariesTitle V Prudential supervision (arts. 45-59)Chapter 1 General rules on prudential supervision (arts. 45-51)Article 45 Main objective of prudential supervisionArticle 46 Scope of prudential supervisionArticle 47 General principles of prudential supervisionArticle 48 Powers of intervention and duties of the competent authoritiesArticle 49 Supervisory review processArticle 50 Information to be provided to the competent authoritiesArticle 51 Transparency and accountabilityChapter 2 Professional secrecy and exchange of information (arts. 52-59)Article 52 Professional secrecyArticle 53 Use of confidential informationArticle 54 European Parliament right of inquiryArticle 55 Exchange of information between authoritiesArticle 56 Transmission of information to central banks, monetary authorities, European Supervisory Authorities and the European Systemic Risk BoardArticle 57 Disclosure of information to government administrations responsible for financial legislationArticle 58 Conditions for the exchange of informationArticle 59 National provisions of a prudential natureTitle VI Final provisions (arts. 60-67)Article 60 Cooperation between Member States, the Commission and EIOPAArticle 61 Processing of personal dataArticle 62 Evaluation and reviewArticle 63 Amendment of Directive 2009/138/ECArticle 63a Accessibility of information on the European single access pointArticle 64 TranspositionArticle 65 RepealArticle 66 Entry into forceArticle 67 AddresseesAnnex IPart A Repealed Directive with list of its successive amendmentsPart B List of time-limits for transposition into national law and applicationAnnex II Correlation TableDone at
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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Published date: 23 December 2016

Directive 2016/2341/EU - IORP II Directive

Recitals
Title I General Provisions (arts. 1-12)
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
Title II Quantitative Requirements (arts. 13-19)
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
Title III Conditions governing activities (arts. 20-35)
Chapter 1 System of governance (arts. 20-30)
Section 1 General provisions (arts. 20-23)
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 (arts. 24-27)
Article 24 General provisions
Article 25 Risk-management
Article 26 Internal audit function
Article 27 Actuarial function
Section 3 Documents concerning governance (arts. 28-30) 
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 (arts. 31-32) 
Article 31 Outsourcing
Article 32 Investment management
Chapter 3 Depositary (arts. 33-35) 
Article 33 Appointment of a depositary
Article 34 Safekeeping of assets and depositary liability
Article 35 Oversight duties
Title IV Information to be given to prospective members, members and beneficiaries (arts. 36-44) 
Chapter 1 General provisions (arts. 36-37) 
Article 36 Principles
Article 37 General information on the pension scheme
Chapter 2 Pension Benefit Statement and supplementary information  (arts. 38-40)
Article 38 General provisions
Article 39 Pension Benefit Statement
Article 40 Supplementary information
Chapter 3 Other information and documents to be provided (arts. 41-44) 
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
Title V Prudential supervision (arts. 45-59)
Chapter 1 General rules on prudential supervision (arts. 45-51)
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 (arts. 52-59)
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
Title VI Final provisions (arts. 60-67)
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 63a Accessibility of information on the European single access point
Article 64 Transposition
Article 65 Repeal
Article 66 Entry into force
Article 67 Addressees
Annex I
Part A Repealed Directive with list of its successive amendments
Part B List of time-limits for transposition into national law and application
Annex II Correlation Table
Done at
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