FIN.

EIOPA report on peer review of key functions

EIOPA has published a follow-up report to the 2018 peer review on the supervisory practices for the application of the proportionality principle in government requirements regarding key functions. The follow-up report looks at how NCAs have implemented the recommended actions from the original peer review.

The report concludes that the supervision of key function holders has improved since 2018, however, in a small number of countries the development of supervisory practices are still in progress. Twelve NCAs have fully implemented the recommended actions addressed to them, whereas six NCAs have only partially implemented them.

Lucy Hadrill