The European Commission is accusing the Czech Republic, Hungary and Poland not to have implemented the Directive on the activities and supervision of occupational retirement institutions. According to the EU Commission, this directive forces the Member States, where these pension institutions do not exist, to establish a legal framework which would enable these institutions to be set up. (Ref. 061020)
The EU Commission has announced that it has taken action against the Czech Republic, Hungary and Poland due ton the non-implementation of the Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision (IORPs). These countries consider that because they currently have no pension institutions falling under the scope of the Directive, they are only obliged to transpose the Directive to the extent that pension institutions established in other Membe
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