IORP Directive definition

IORP Directive means either Directive (EU) 2016/2341 of the European Parliament and of the Council of December 14, 2016 or the same as implemented in the laws of the UK by virtue of the European Union (Withdrawal) Act 2018 or otherwise (as applicable).
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Examples of IORP Directive in a sentence

  • Article 18 of the IORP Directive imposes broad investment regulations on pension plans that are intended to assure the security and affordability of occupational pensions.

  • The IORP Directive explicitly excludes book reserve and PAYG schemes from its scope.

  • Article 4 of the IORP Directive, allowing many of the rules in the IORP Directive to apply to the occupational retirement provision business of life assurance undertakings, is used in three Member States.

  • The IORP Directive is also used by some Member States that have chosen to apply the IORP Directive to individual pension schemes in the national transposition (e.g. RO).

  • Article 18(d) of the European IORP Directive 3 restricts pension funds from using OTC derivatives for any purpose other than to manage risks associated with their long-term liabilities.

  • Both Thatcher and Blair openly spoke of restoring our British sense of national importance, a hangover from the days of Empire and the Second World War—which, of course, we won, with a little help from the USA, the USSR and the Commonwealth.

  • Only IORP II explicitly states that occupational pension funds should consider ESG factors in their investment decisions, governance and risk management systems.26 In addition, entities subject to the IORP Directive have to disclose how ESG factors are taken into account in their investment policy.

  • This would hinder the functioning of the proposed IORP Directive.

  • The mapping has highlighted the following situation: – IORP Directive: - Implemented with a few exceptions.

  • Preparations continued for alignment with the EU acquis on investment funds (UCITS Directive), alternative investment funds (AIFMD Directive) and pension funds (IORP Directive).

Related to IORP Directive

  • UCITS Directive means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as amended;

  • Advance health care directive means a power of attorney for health care or a record signed or authorized by a prospective donor containing the prospective donor’s direction concerning a health care decision for the prospective donor.

  • Directive means EC Council Directive 2001/23/EC

  • Change Management means the add-on module to the Programs that enables engineers to define network changes through one or more configuration templates. Those network changes can be applied to multiple devices and executed/rolled back automatically. The Change Management module enables engineers to verify the impact of the changes across the network to help ensure a safer change process.