Activities of Brian HAYES related to 2014/0091(COD)
Plenary speeches (3)
Activities and supervision of institutions for occupational retirement provision (A8-0011/2016 - Brian Hayes)
Activities and supervision of institutions for occupational retirement provision (debate)
Activities and supervision of institutions for occupational retirement provision (debate)
Reports (1)
PDF (1 MB) DOC (582 KB)
Amendments (1)
Amendment 359 #
Proposal for a directive
Recital 27
Recital 27
(27) Sufficient and appropriate assets to cover the technical provisions protect the interests of members and beneficiaries of the pension scheme if the sponsoring undertaking becomes insolvent. IAn particular in cases of cross-border activity, the mutual recognition of supervisory principles applied in Member States requires that the technical provisions be fully funded at all timesinstitution's technical provisions should be fully funded in respect of the total range of pension schemes operated at the moment when the institution starts operating a new or additional scheme. A new or additional scheme does not constitute a merger of two or more existing schemes or an addition of a new section to a scheme operated by the institution.