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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 12 January 2017 - onwards
  Version 2 of 2    

Article 51 Transparency and accountability

1. Member States shall ensure that the competent authorities conduct the tasks laid down in this Directive in a transparent, independent and accountable manner with due respect for the protection of confidential information.

2. Member States shall ensure that the following information is publicly disclosed:

(a) the texts of laws, regulations, administrative rules and general guidance in the field of occupational pension schemes, and information about whether the Member State chooses to apply this Directive in accordance with Articles 4 and 5;

(b) information regarding the supervisory review process as set out in Article 49;

(c) aggregate statistical data on key aspects of the application of the prudential framework;

(d) the main objective of prudential supervision and information on the main functions and activities of the competent authorities;

(e) the rules on administrative sanctions and other measures applicable to breaches of national provisions adopted pursuant to this Directive.

Comparing proposed amendment...