Version status: Applicable | Document consolidation status: Updated to reflect all known changes

Published date: 25 July 2019

Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a Pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

	Recitals
	Chapter I General provisions (arts. 1-4)
	Article 1 Subject matter
	Article 2 Definitions
	Article 3 Applicable rules
	Article 4 PEPP contract
	Chapter II Registration (arts. 5-13)
	Article 5 Registration
	Article 6 Application for registration of a PEPP
	Article 7 Registration of a PEPP
	Article 8 Conditions for deregistration of a PEPP
	Article 9 Designation
	Article 10 Distribution of PEPPs
	Article 11 Prudential regime applicable to different types of providers
	Article 12 Publication of national provisions
	Article 13 Central public register
	Chapter III Cross-border provision and portability of PEPP (arts. 14-21)
	Section I Freedom to provide services and freedom of establishment (arts. 14-16)
	Article 14 Exercise of the freedom to provide services and freedom of establishment by PEPP providers and PEPP distributors
	Article 15 Exercise of the freedom to provide services by IORPs and EU AIFM
	Article 16 Powers of the competent authorities of the host Member State
	Section II Portability (arts. 17-21)
	Article 17 The portability service
	Article 18 Provision of the portability service
	Article 19 Sub-accounts of the PEPP
	Article 20 Opening of a new sub-account
	Article 21 Provision of information on portability to the competent authorities
	Chapter IV Distribution and information requirements (arts. 22-40)
	Section I General provisions (arts. 22-25)
	Article 22 General principle
	Article 23 Distribution regime applicable to different types of PEPP providers and PEPP distributors
	Article 24 Electronic distribution and other durable mediums
	Article 25 Product oversight and governance requirements
	Section II Pre-contractual information (arts. 26-33)
	Article 26 PEPP KID
	Article 27 Language of the PEPP KID
	Article 28 Content of the PEPP KID
	Article 29 Marketing materials
	Article 30 Revision of the PEPP KID
	Article 31 Civil liabilities
	Article 32 PEPP contracts which cover biometric risks
	Article 33 Provision of the PEPP KID
	Section III Advice (art. 34)
	Article 34 Specification of demands and needs and provision of advice
	Section IV Information during the term of the contract (arts. 35-39)
	Article 35 General provisions
	Article 36 PEPP Benefit Statement
	Article 37 Supplementary information
	Article 38 Information to be given to PEPP savers during the pre-retirement phase and to PEPP beneficiaries during the decumulation phase
	Article 39 Information to be given on request to PEPP savers and PEPP beneficiaries
	Section V Reporting to national authorities (art. 40)
	Article 40 General provisions
	Chapter V Accumulation phase (arts. 41-47)
	Section I Investment rules for PEPP providers (art. 41)
	Article 41 Investment rules
	Section II Investment options for PEPP savers (arts. 42-46)
	Article 42 General provisions
	Article 43 Choice of investment option by the PEPP saver
	Article 44 Conditions for modification of the chosen investment option
	Article 45 The Basic PEPP
	Article 46 Risk-mitigation techniques
	Section III Other aspects of the accumulation phase (art. 47)
	Article 47 Conditions related to the accumulation phase
	Chapter VI Investor protection (arts. 48-51)
	Article 48 Depositary
	Article 49 Coverage of biometric risks
	Article 50 Complaints
	Article 51 Out-of-court redress
	Chapter VII Switching of PEPP providers (arts. 52-56)
	Article 52 Provision of the switching service
	Article 53 The switching service
	Article 54 Fees and charges connected with the switching service
	Article 55 Protection of PEPP savers against financial loss
	Article 56 Information about the switching service
	Chapter VIII Decumulation phase (arts. 57-60)
	Article 57 Conditions related to the decumulation phase
	Article 58 Forms of out-payments
	Article 59 Modifications of the forms of out-payments
	Article 60 Retirement planning and advice on out-payments
	Chapter IX Supervision (arts. 61-66)
	Article 61 Supervision by the competent authorities and monitoring by EIOPA
	Article 62 Powers of competent authorities
	Article 63 Product intervention powers of competent authorities
	Article 64 Facilitation and coordination
	Article 65 Product intervention powers of EIOPA
	Article 66 Cooperation and consistency
	Chapter X Penalties (arts. 67-70 and draft art. 70a)
	Article 67 Administrative penalties and other measures
	Article 68 Exercise of the power to impose administrative penalties and other measures
	Article 69 Publication of administrative penalties and other measures
	Article 70 Duty to submit information to EIOPA in relation to administrative penalties and other measures
	Article 70a Accessibility of information on the European single access point
	Chapter XI Final Provisions (arts. 71-74)
	Article 71 Processing of personal data
	Article 72 Exercise of the delegation
	Article 73 Evaluation and report
	Article 74 Entry into force and application
	Done at