# Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (revoked) EU Regulation No 1094/2010 ยท adopted 24 November 2010 Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC PDFs: Printed copy https://openlegislation.uk/eu-regulation-2010-1094/pdf/eur_20101094_adopted_en.pdf; Revised version (1 January 2020) https://openlegislation.uk/eu-regulation-2010-1094/pdf/eur_20101094_2020-01-01_en.pdf; Revised version (23 May 2014) https://openlegislation.uk/eu-regulation-2010-1094/pdf/eur_20101094_2014-05-23_en.pdf ## Introductory text Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter I: ESTABLISHMENT AND LEGAL STATUS ## 1 Establishment and scope of action . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 European System of Financial Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Accountability of the Authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Legal status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Composition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Seat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter II: TASKS AND POWERS OF THE AUTHORITY ## 8 Tasks and powers of the Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Tasks related to consumer protection and financial activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9a No action letters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Regulatory technical standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Exercise of the delegation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Revocation of the delegation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Objections to regulatory technical standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Non-endorsement or amendment of draft regulatory technical standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Implementing technical standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Guidelines and recommendations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16a Opinions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16b Questions and answers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Breach of Union law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17a Protection of reporting persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Action in emergency situations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Settlement of disagreements between competent authorities in cross-border situations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Settlement of disagreements between competent authorities across sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Colleges of supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 General provisions on systemic risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Identification and measurement of systemic risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Permanent capacity to respond to systemic risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Recovery and resolution procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Development of a European network of national insurance guarantee schemes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Crisis prevention, management and resolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Delegation of tasks and responsibilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Common supervisory culture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29a Union strategic supervisory priorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Peer reviews of competent authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Coordination function . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31a Information exchange on fitness and propriety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Assessment of market developments, including stress tests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 International relations including equivalence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Other tasks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Collection of information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Relationship with the ESRB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Insurance and Reinsurance Stakeholder Group and Occupational Pensions Stakeholder Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Safeguards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Decision-making procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter III: ORGANISATION ### Section 1: Board of Supervisors ## 40 Composition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Internal committees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Independence of the Board of Supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Tasks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43a Transparency of decisions adopted by the Board of Supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Decision making . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 2: Management Board ## 45 Composition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45a Decision-making . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45b Coordination Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Independence of the Management Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Tasks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 3: Chairperson ## 48 Appointment and tasks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 Independence of the Chairperson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49a Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 4: Executive Director ## 51 Appointment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Independence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Tasks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter IV: JOINT BODIES OF THE EUROPEAN SUPERVISORY AUTHORITIES ### Section 1: Joint Committee of European Supervisory Authorities ## 54 Establishment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Composition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Joint positions and common acts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Sub-Committees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Section 2: Board of Appeal ## 58 Composition and operation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 Independence and impartiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter V: REMEDIES ## 60 Appeals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60a Exceeding of competence by the Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 Actions before the Court of Justice of the European Union . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VI: FINANCIAL PROVISIONS ## 62 Budget of the Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Establishment of the budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 64 Implementation and control of the budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 65 Financial rules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 Anti-fraud measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VII: GENERAL PROVISIONS ## 67 Privileges and immunities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 68 Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 69 Liability of the Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70 Obligation of professional secrecy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 Data protection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72 Access to documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 73 Language arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 Headquarters Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 Participation of third countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VIII: TRANSITIONAL AND FINAL PROVISIONS ## 76 Relationship with the Committee of European Insurance and Occupational Pensions Supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 77 Transitional staff provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 78 National provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 79 Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 80 Repeal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81 Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 82 Entry into force . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2010/1094 (the official version) Page: https://openlegislation.uk/eu-regulation-2010-1094 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.