Note on EIOPA's views for better regulation and supervision 2.0
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EIOPA note updating its approach to simplification: it takes stock of progress and sets the next steps to reduce complexity in insurance and occupational pensions without weakening financial stability or consumer protection. It argues for a European perspective over national specificities.
Key points
- Coherence between horizontal and sectoral legislation and integrated, digital data reporting
- Outcome-oriented principles instead of prescriptive processes for consumer rules
- Robust impact assessments and better coordination among supervisors
Who is affected
EU legislators, supervisors, insurers and occupational pension funds
Plain-language version
EIOPA, the EU watchdog for insurers and pension plans, has updated its plan to simplify insurance and pension rules without putting stability or customer protection at risk. It calls for consistent laws, integrated digital data, rules that focus on outcomes for consumers rather than box-ticking, and a more European approach.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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