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22 June 2016

Investment & Pensions Europe: IORP II negotiators to make renewed attempt at deal next week

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Another trialogue meeting on revisions to the IORP Directive looks set to be held next week in a bid to strike a deal before the end of the Dutch presidency of the European Union.

Cross-border funding will be one of “a few” issues still open, according to a European Parliament source.

Representatives of the European Parliament, the European Commission and EU member states met last week for a sixth and what was hoped to be final tri-party meeting, but they failed to reach an agreement.

In the meantime, plenty of discussions and technical meetings are said to be going on in the background.

“There is a lot of work still happening at the moment,” the source said. “But we are hopeful of another meeting to seal the deal.”

Cross-border funding, as previously reported, is one of the topics still being discussed. However, there are others, too, such as depositories and environmental, social and governance (ESG) issues.

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