Solvency II should not be used as a basis for the revised IORP Directive, the European Association of Paritarian Institutions of Social Protection (AEIP) has said, changing its stance following an earlier endorsement of the regulations.
In a draft response to the European Insurance and Occupational Pensions Authority (EIOPA), the AEIP now argued that that the basis for revisions to the IORP Directive should be the existing Directive itself, rather than Solvency II as was previously argued.
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