Regulatory Alerts2020-10-15
Added · Updated
EIOPA Issues Document regarding its Approach to the Supervision of Product Oversight and Governance
The European Insurance and Occupational Pensions Authority (EIOPA) has issued a document outlining its supervisory approach to Product Oversight and Governance (POG) requirements for insurance manufacturers and distributors. The guidance details key supervisory aspects including the implementation of adequate systems, target market assessments, distribution strategies, and ongoing product monitoring. The Malta Financial Services Authority (MFSA) will use this document to monitor adherence to POG regulations and provide support to entities implementing their own policies.