SECTION II PORTABILITY Article 12 The portability service 1. The portability service allows PEPP savers to continue contributing to the PEPP they have already contracted with its provider, while changing their domicile by moving to another Member State. 2. Without prejudice to Articles 13 and 14, Iin case of the portability service, PEPP savers are entitled to retain all advantages and incentives granted by the PEPP provider and connected with continuous investment in the same PEPP. Article 13 Provision of the portability service 1. PEPP providers shall provide the portability service to PEPP savers holding a PEPP account with them and requesting this service. 2. When proposing a PEPP, the PEPP provider or PEPP distributor shall provide potential PEPP savers with information on which compartments are immediately available. 3. Three years at the latest after the entry into application of this Regulation, eEach PEPP shall offer national compartments for at least [10]all Member States upon request addressed to the PEPP provider. Article 14 Compartments of the PEPP PEPP providers shall ensure that within each individual PEPP account a new compartment could be opened, corresponding to the legal requirements and conditions for using incentives fixed at national level for the PEPP by the Member State to which the PEPP saver moves.
SECTION II PORTABILITY Article 12 The portability service 1. The portability service allows PEPP savers to continue contributing to the PEPP they have already contracted with its provider, while changing their domicile by moving to another Member State. 2. Without prejudice to Articles 13 and 14, Iin case of the portability service, PEPP savers are entitled to retain all advantages and incentives granted by the PEPP provider and connected with continuous investment in the same PEPP. Article 13 Provision of the portability service 1. PEPP providers shall provide the portability service to PEPP savers holding a PEPP account with them and requesting this service. 2. When proposing a PEPP, the PEPP provider or PEPP distributor shall provide potential PEPP savers with information on which compartments are immediately available. 3. Three years at the latest after the entry into application of this Regulation, eEach PEPP shall offer national compartments for at least [10]all Member States upon request addressed to the PEPP provider. Article 14 Compartments of the PEPP PEPP providers shall ensure that within each individual PEPP account a new compartment could be opened, corresponding to the legal requirements and conditions for using incentives fixed at national level for the PEPP by the Member State to which the PEPP saver moves.
st14972.en17_.docx