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GLOSSARY

European Insurance and Occupational Pensions Authority definition

Published by a LexisNexis EU Law expert

What does European Insurance and Occupational Pensions Authority mean?

The European Insurance and occupational pensions authority (EIOPA) is a regulatory agency composed of high level representatives of the insurance and occupational pensions supervisory authorities of the member states.

EIOPA was established by Regulation 1094/2010/2011 as one of the three European Supervisory Authorities which oversee European financial markets. EIOPA has replaced, and taken over all existing and ongoing tasks and responsibilities from, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS). EIOPA’s core responsibilities are to support the stability of the financial system and ensure the transparency of markets and financial products, as well as the protection of insurance policyholders, pension scheme members and beneficiaries.

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