European Insurance and Occupational Pensions Authority. A European Union financial regulatory institution that replaced the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS). EIOPA’s core responsibilities are to support the stability of the financial system, transparency of markets and financial products, as well as the protection of insurance policyholders, pension scheme members, and beneficiaries. It has various powers to develop draft regulatory technical standards in the insurance sector and to issue guidelines and recommendations. It also coordinates with relevant competent authorities across the EEA.

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