Article 53

Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) (recast) (Text with EEA relevance) · European Union

Member States shall ensure that competent authorities which receive confidential information under this Directive use it only in the course of their duties and for the following purposes: to check that the conditions for taking up occupational retirement provision business are met by IORPs before commencing their activities; to facilitate the monitoring of the activities of IORPs, including the monitoring of the technical provisions, the solvency, the system of governance, and the information provided to members and beneficiaries; to impose corrective measures, including administrative sanctions; where permitted by national law, to publish key performance indicators for all individual IORPs, which may assist members and beneficiaries in taking financial decisions regarding their pension; in appeals against decisions of the competent authorities taken in accordance with the provisions transposing this Directive; in court proceedings regarding the provisions transposing this Directive.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-27 · Text as adopted (Official Journal); later amendments are not incorporated in this text.