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SystemicRiskReferences4
Reference
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European Union (2014d)
Proposal for a Directive of the European Parliament and of the Council on the activities and supervision of institutions for occupational retirement provision (draft 17 September 2014)
here
Recitals (partial)
"...
(2) The internal market should allow institutions to operate in other Member States and ensure a high level of protection for members and beneficiaries of occupational retirement schemes.
(3) Directive 2003/41/EC represented a first legislative step on the way to an internal market for occupational retirement provision organised on a European scale. A genuine internal market for occupational retirement provision remains crucial for economic growth and job creation in the European Union and for tackling the challenge of an ageing European society. The Directive, dating from 2003, has not been substantially amended to introduce a modern risk-based governance system also for institutions for occupational retirement provision ..."
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