Article 20 | IORP II | Directive 2016/2341

Article 20 - Directive 2016/2341 (IORP II)

Article 20

Responsibility of the management or supervisory body

Member States shall ensure that the management or supervisory body of an IORP has ultimate responsibility under national law for the compliance, by the IORP concerned, with the laws, regulations and administrative provisions adopted pursuant to this Directive.

This Directive is without prejudice to the role of social partners in the management of IORPs.

Recitals

TITLE I - GENERAL PROVISIONS (Article 1-12)

TITLE II - QUANTITATIVE REQUIREMENTS (Article 13-19)

TITLE III - CONDITIONS GOVERNING ACTIVITIES (Article 20-35)

CHAPTER 1 - System of governance (Article 20-30)

Section 1 - General provisions (Article 20-23)Article 20 - Responsibility of the management or supervisory body Article 21 - General governance requirements Article 22 - Requirements for fit and proper management Article 23 - Remuneration policy

Section 2 - Key functions (Article 24-27)

Section 3 - Documents concerning governance (Article 28-30)

CHAPTER 2 - Outsourcing and investment management (Article 31-32)

CHAPTER 3 - Depositary (Article 33-35)

TITLE IV - INFORMATION TO BE GIVEN TO PROSPECTIVE MEMBERS, MEMBERS AND BENEFICIARIES (Article 36-44)