EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM
EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM
EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
1) the content of adequate professional knowledge and ability of the intermediary;<br />
2) conflicts of interests linked to the sale of insurance investment products,<br />
3) general principles and information to customers in relation to the sale of insurance investment products;<br />
4) detailed suitability and appropriateness test for the sale of insurance investment products,<br />
5) how the remuneration- including contingent commission - is disclosed to the customer.<br />
Permanent task<br />
EIOPA will also have a number of other permanent tasks, e.g. intervening in case of disagreements between home and host supervisory<br />
authorities, particularly in situations when an insurance or reinsurance intermediary is not meeting its obligations when transacting<br />
business in the Host Member State.<br />
3) Tasks related to consistent application of national regulatory powers by issuing guidelines and by drafting implementing technical<br />
standards (1 implementing standard, 2 guidelines, permanent tasks)<br />
EIOPA will have to draft implementing technical standards concerning the procedures and forms for submitting information in relation<br />
to administrative measures and sanctions imposed by Member States.<br />
EIOPA will also have to issue guidelines regarding supervision of cross-selling (tying) practices. It will have to issue guidelines on the<br />
types of administrative measures, sanctions and the level of administrative pecuniary sanctions.<br />
4) Tasks related to gathering and publishing information (repository and permanent tasks)<br />
EIOPA will have to present a standardised information sheet for general good rules to be completed by the competent authorities in each<br />
Member State.<br />
It will also have some permanent tasks:<br />
EN 83 EN