in force 2020-01-01 MODIFIED+143 −1,225§
Amended by Regulation (EU) 2019/2175 32019R2175
applies from: unchanged
The article's heading changed from "Preparatory actions" to "Relationship with the Committee of European Insurance and Occupational Pensions Supervisors".
The provisions on CEIOPS acting with the Commission before the Authority's establishment, on the Commission's interim administrative role and appointment of an interim Executive Director, and on those paragraphs being without prejudice to the powers of the Board of Supervisors and Management Board have been removed, leaving only the text on the Authority being CEIOPS's legal successor and the transfer of CEIOPS's assets, liabilities and pending operations.
The remaining text on legal succession, transfer of assets and liabilities, the closing statement, and its audit and approval by CEIOPS and the Commission is unchanged apart from adding the spelled-out name of CEIOPS.
Cited: Art. 76, v1 · Art. 76, v2
text before / after
texts differ too much for an inline diff; shown separately
before (02010R1094-20140523)
Article 76 Preparatory actions 1. Following the entry into force of this Regulation, and before the establishment of the Authority, CEIOPS shall act in close cooperation with the Commission to prepare for the replacement of CEIOPS by the Authority. 2. Once the Authority has been established, the Commission shall be responsible for the administrative establishment and initial administrative operation of the Authority until the Authority has appointed an Executive Director. For that purpose, until such time as the Executive Director takes up his duties following his appointment by the Board of Supervisors in accordance with Article 51, the Commission may assign one official on an interim basis in order to fulfil the functions of the Executive Director. That period shall be limited to the time necessary for the appointment of an Executive Director of the Authority. The interim Executive Director may authorise all payments covered by credits provided in the budget of the Authority, once approved by the Management Board and may conclude contracts, including staff contracts following the adoption of the Authority’s establishment plan. 3. Paragraphs 1 and 2 are without prejudice to the powers of the Board of Supervisors and the Management Board. 4. The Authority shall be considered the legal successor of CEIOPS. By the date of establishment of the Authority, all assets and liabilities and all pending operations of CEIOPS shall be automatically transferred to the Authority. CEIOPS shall establish a statement showing its closing asset and liability situation as of the date of that transfer. That statement shall be audited and approved by CEIOPS and by the Commission.
after (02010R1094-20200101)
Article 76 Relationship with the Committee of European Insurance and Occupational Pensions Supervisors The Authority shall be considered the legal successor of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS). By the date of establishment of the Authority, all assets and liabilities and all pending operations of CEIOPS shall be automatically transferred to the Authority. CEIOPS shall establish a statement showing its closing asset and liability situation as of the date of that transfer. That statement shall be audited and approved by CEIOPS and by the Commission.