Council of the European Union and European Parliament 24 November 2010, Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC

Also known as

REGULATION (EU) No 1094/2010 establishes the European Supervisory Authority (European Insurance and Occupational Pensions Authority) to enhance the regulation and supervision of financial institutions across the EU, addressing deficiencies exposed during the financial crisis. The Authority is tasked with ensuring consistent application of Union law, protecting public values, and promoting supervisory convergence, while maintaining legal personality and administrative autonomy. It will also develop regulatory technical standards and guidelines to ensure a level playing field and adequate protection for policyholders and pension scheme members throughout the Union.AI