On May 23rd Michel Barnier, European Commissioner for Internal Market and Services, declared that within the ongoing review of the IORP Directive, he has “decided first of all to present a legislative proposal focusing on governance, transparency and reporting requirements for occupational pension funds. On those aspects there is broad consensus, at least on the principles”.
We note the decision of Commissioner Barnier to further study any harmonisation of solvency requirements for IORPs.
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