Investment & Pensions Europe: IORP II negotiators to make renewed attempt at deal next week

22 June 2016

Another trialogue meeting on revisions to the IORP Directive looks set to be held next week in a bid to strike a deal before the end of the Dutch presidency of the European Union.

Cross-border funding will be one of “a few” issues still open, according to a European Parliament source.

Representatives of the European Parliament, the European Commission and EU member states met last week for a sixth and what was hoped to be final tri-party meeting, but they failed to reach an agreement.

In the meantime, plenty of discussions and technical meetings are said to be going on in the background.

“There is a lot of work still happening at the moment,” the source said. “But we are hopeful of another meeting to seal the deal.”

Cross-border funding, as previously reported, is one of the topics still being discussed. However, there are others, too, such as depositories and environmental, social and governance (ESG) issues.

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