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According to its organisational chart, CEIOPS' main body is the Members' Meeting, which includes all CEIOPS' Members and Observers. The Members' Meeting is responsible for all tasks regarding CEIOPS, where they are not defined by law or the Articles of Association to be within the competence of the Managing Board. It is responsible for the main resolutions of the Committee, regarding both its organisational aspects, such as the approval of the budget, and its institutional tasks, such as resolutions on the advice to the European Commission. The Managing Board is the body with responsibility for progressing CEIOPS' business by implementing the resolutions passed by the Members' Meetings and fulfilling the administrative tasks of the Committee. The permanent structure of the Committee is represented by its Secretariat, which assists the Managing Board and the Committees in carrying out their tasks. The Secretariat also acts as coordinator in the dialogue with market participants and maintains relations with the European Commission and other third parties. The Consultative Panel, composed of a limited number of high level experts committed to the objectives of the European Union, monitors CEIOPS' work programme and results. It also acts as a "sounding board" to support CEIOPS' policy-making process. To prepare its statements and documents and carry out the technical work of the Association, CEIOPS has set up a number of Working Groups consisting of experts from the national supervisory authorities, and to which other stakeholders contribute from their expertise and insight. The organisation of CEIOPS' Working Groups depends on and develops with its Work Programme. CEIOPS' Review Panel is mandated to help monitoring the implementation of supervisory provisions set out in Community Legislation and in CEIOPS' measures, as well as to monitor convergence in supervisory practices. The Review Panel aims at encouraging a timely and consistent day to day application of all the above and at enhancing supervisory convergence within the European Economic Area by conducting peer reviews. |
