- beneficiary
means a person receiving retirement benefits;
- competent authority
means a national authority designated to carry out the duties provided for in this Directive;
- cross-border activity
means operating a pension scheme where the relationship between the sponsoring undertaking, and the members and beneficiaries concerned, is governed by the social and labour law relevant to the field of occupational pension schemes of a Member State other than the home Member State.
- durable medium
means an instrument which enables a member or a beneficiary to store information addressed personally to that member or beneficiary in a way that is accessible for future reference and for a period of time adequate for the purposes of the information and which allows the unchanged reproduction of the information stored;
- home Member State
means the Member State in which the IORP has been registered or authorised and in which its main administration is located in accordance with Article 9;
- host Member State
means the Member State whose social and labour law relevant to the field of occupational pension schemes is applicable to the relationship between the sponsoring undertaking and members or beneficiaries;
- member
means a person, other than a beneficiary or a prospective member, whose past or current occupational activities entitle or will entitle him/her to retirement benefits in accordance with the provisions of a pension scheme;
- MTF
means a multilateral trading facility or MTF as defined in point (22) of Article 4(1) of Directive 2014/65/EU;
- OTF
means an organised trading facility or OTF as defined in point (23) of Article 4(1) of Directive 2014/65/EU;
- pension scheme
means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;
- prospective member
means a person who is eligible to join a pension scheme;
- receiving IORP
means an IORP receiving all or a part of a pension scheme's liabilities, technical provisions, and other obligations and rights, as well as corresponding assets or cash equivalent thereof, from an IORP registered or authorised in another Member State;
- regulated market
means a regulated market as defined in point (21) of Article 4(1) of Directive 2014/65/EU;
- reinsurance
means one of the following:
- retirement benefits
means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death.
- sponsoring undertaking
means any undertaking or other body, regardless of whether it includes or consists of one or more legal or natural persons, which acts as an employer or in a self-employed capacity or any combination thereof and which offers a pension scheme or pays contributions to an IORP;
- transferring IORP
means an IORP transferring all or a part of a pension scheme's liabilities, technical provisions, and other obligations and rights, as well as corresponding assets or cash equivalent thereof, to an IORP registered or authorised in another Member State;