+CHAPTER 1 General rules on prudential supervision
---+Article 45 Main objective of prudential supervision
------+Article 45 1.
------+Article 45 2.
---+Article 46 Scope of prudential supervision
---+Article 47 General principles of prudential supervision
------+Article 47 1.
------+Article 47 2.
------+Article 47 3.
------+Article 47 4.
------+Article 47 5.
---+Article 48 Powers of intervention and duties of the competent authorities
------+Article 48 1.
------+Article 48 2.
------+Article 48 3.
------+Article 48 4.
------+Article 48 5.
------+Article 48 6.
------+Article 48 7.
------+Article 48 8.
------+Article 48 9.
---+Article 49 Supervisory review process
------+Article 49 1.
------+Article 49 2.
------+Article 49 3.
------+Article 49 4.
---+Article 50 Information to be provided to the competent authorities
---+Article 51 Transparency and accountability
------+Article 51 1.
------+Article 51 2.
------+Article 51 3.

CHAPTER 1 General rules on prudential supervision

CHAPTER 1 General rules on prudential supervision

1. Forbhreathnú

,
Teideal Rialáil
Article 45 Main objective of prudential supervision
Article 46 Scope of prudential supervision

Article 46

Scope of prudential supervision

Member States shall ensure that IORPs are subject to prudential supervision including the supervision of the following where applicable:

(a) 

conditions of operation;

(b) 

technical provisions;

(c) 

funding of technical provisions;

(d) 

regulatory own funds;

(e) 

available solvency margin;

(f) 

required solvency margin;

(g) 

investment rules;

(h) 

investment management;

(i) 

system of governance; and

(j) 

information to be provided to members and beneficiaries.

Article 47 General principles of prudential supervision
Article 48 Powers of intervention and duties of the competent authorities
Article 49 Supervisory review process
Article 50 Information to be provided to the competent authorities

Article 50

Information to be provided to the competent authorities

Member States shall ensure that the competent authorities, in respect of any IORP registered or authorised in their territories, have the necessary powers and means to:

(a) 

require the IORP, the administrative, management or supervisory body of the IORP or the persons who effectively run the IORP or carry out key functions to supply at any time information about all business matters or forward all business documents;

(b) 

supervise relationships between the IORP and other companies or between IORPs, when IORPs outsource key functions or any other activities to those other companies or IORPs and all subsequent re-outsourcing, influencing the financial situation of the IORP or being in a material way relevant for effective supervision;

(c) 

obtain the following documents: the own-risk assessment, the statement of investment-policy principles, the annual accounts and the annual reports, and all other documents necessary for the purposes of supervision;

(d) 

lay down which documents are necessary for the purposes of supervision, including:

(i) 

internal interim reports;

(ii) 

actuarial valuations and detailed assumptions;

(iii) 

asset-liability studies;

(iv) 

evidence of consistency with the investment-policy principles;

(v) 

evidence that contributions have been paid in as planned;

(vi) 

reports by the persons responsible for auditing the annual accounts referred to in Article 29;

(e) 

carry out on-site inspections at the IORP's premises and, where appropriate, on outsourced and all subsequent re-outsourced activities to check if activities are carried out in accordance with the supervisory rules;

(f) 

request information from IORPs about outsourced and all subsequent re-outsourced activities at any time.

Article 51 Transparency and accountability

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais
Foinse Ceanglas

3. Caighdeáin ghaolmhara

Caighdeáin
Foinse Ceanglas
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