Authorisation activity and registers

Authorisations to manufacture and distribute PEPPs are granted by national supervisory authorities. Only the following financial undertakings may apply for such authorisation:

• credit institutions (authorised in accordance with Directive 2013/36/EU of the European Parliament and of the Council);
• insurance undertakings (authorised in accordance with Directive 2009/138/EC of the European Parliament and of the Council, engaged in direct life insurance according to Article 2(3) of Directive 2009/138/EC and Annex II to that Directive);
• institutions for occupational retirement provision (authorised or registered in accordance with Directive (EU) 2016/2341 which, pursuant to national law, are authorised and supervised to provide also personal pension products);
• investment firms (authorised in accordance with Directive 2014/65/EU, providing portfolio management),
• investment companies or management companies (authorised in accordance with Directive 2009/65/EC),
• EU alternative investment fund managers (authorised in accordance with Directive 2011/61/EU).

EIOPA keeps a central public register of each PEPP registered under the PEPP Regulation and all the authorised PEPP providers.

The terms and conditions of the PEPP provider authorisation are governed by the PEPP Regulation.