European Pensions Directive 2016/2341/EU

Directive 2016/2341/EU imposes new governance, risk management, and disclosure obligations on pension institutions operating in the European Union. It mandates the establishment of key functions for risk management, actuarial duties, and internal audit, alongside a compulsory own-risk assessment every three years. The Directive also specifies procedures for cross-border value transfers to protect employee rights and requires public disclosure of remuneration policies, sanctions, and notifications regarding outsourced activities or serious malpractices.

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The European Pensions Directive 2016/2341/EU contains rules that apply to almost all pension institutions in Europe, regardless of their name, form or legal status. This Directive specifies among other things that pension institutions can operate pension schemes of employers from other Member States. This Directive also includes an obligation to establish key functions and sets additional requirements with regard to risk management. This Directive replaces an earlier Directive from 2003 (2003/41/EC).

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Lineage: In force

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Source: De Nederlandsche Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works