Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 Jun... (32019R1238)
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)
- 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)
- CHAPTER I
- GENERAL PROVISIONS
- Article 1
- Subject matter
- Article 2
- Definitions
- Article 3
- Applicable rules
- Article 4
- PEPP contract
- CHAPTER II
- REGISTRATION
- 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
- SECTION I
- Freedom to provide services and freedom of establishment
- 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
- 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
- SECTION I
- General provisions
- 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
- 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
- Article 34
- Specification of demands and needs and provision of advice
- SECTION IV
- Information during the term of the contract
- 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
- Article 40
- General provisions
- CHAPTER V
- ACCUMULATION PHASE
- SECTION I
- Investment rules for PEPP providers
- Article 41
- Investment rules
- SECTION II
- Investment options for PEPP savers
- 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
- Article 47
- Conditions related to the accumulation phase
- CHAPTER VI
- INVESTOR PROTECTION
- Article 48
- Depositary
- Article 49
- Coverage of biometric risks
- Article 50
- Complaints
- Article 51
- Out-of-court redress
- CHAPTER VII
- SWITCHING OF PEPP PROVIDERS
- 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
- 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
- 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
- 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
- CHAPTER XI
- FINAL PROVISIONS
- Article 71
- Processing of personal data
- Article 72
- Exercise of the delegation
- Article 73
- Evaluation and report
- Article 74
- Entry into force and application
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