4. — Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20…

4.

Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance) · European Union

When taking action under this Article, EIOPA shall ensure that the action does not: have a detrimental effect on the efficiency of financial markets or on PEPP savers that is disproportionate to the benefits of the action; or create a risk of regulatory arbitrage. Where a competent authority or competent authorities have taken a measure under Article 63, EIOPA may take any of the measures referred to in paragraph 2 of this Article without issuing the opinion provided for in Article 64.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.