1. The competent authorities of the PEPP provider shall supervise compliance with this Regulation on an ongoing basis and in accordance with the relevant sectorial supervisory regime and standards. They shall also be responsible for supervising compliance with the obligations set out in the rules or instruments of incorporation of the PEPP provider, and the adequacy of its arrangements and organisation with regard to the tasks to be fulfilled when providing a PEPP.
2. EIOPA and competent authorities shall monitor personal pension products provided or distributed in order to verify that such products are designated 'PEPP' or it is suggested that such products are PEPPs only when they are registered under this Regulation.