1. Supervisory and Regulatory framework for Pan-European Pension Funds 1

2. In Europe European pension funds (IORP) directive mainly prudential minimum harmonisation very diverse implementation by Member States currently under review by the EU Commission no EU social and labour directive (subsidiarity) EIOPA is the European Insurance and Occupational Pensions Authority in charge of regulatory standards

3. FSMA in Europe active member of EIOPA and of its Occupational Pensions Committee active drafter of numerous EIOPA cooperation protocols and research papers preparation EIOPA's advice to the European Commission for review IORP directive FSMA is a proactive supervisor in Europe has strong, both formal and informal, network of European supervisors has broad knowledge of European pensions market place

4. in Belgium one prudential law for pension funds clear framework principle based (prudent person principle) flexible governance structure adaptable to governance model of the sponsor flexible funding/solvency requirements no quantitative investment rules no interference of social and labor law

5. FSMA in Belgium FSMA is the sole pensions supervisor compliance with the prudential law of IORPs established in Belgium compliance with the social and labour law of IORPs (local and foreign) operating in Belgium, of insurance companies (local and foreign) operating in Belgium and the pensions regulator issues binding regulation and non-binding guidelines

6. The purpose one gateway, European passport even without Belgian plan

7. On the field FSMA is home supervisor of 9 cross-border IORPs active in numerous European Member States (BE, LU, NL, IE, IT, MT, LT, CY) several others in the pipeline Multidisciplinary supervision teams Let's make it work together