EIOPA shall submit those draft implementing technical standards to the Commission by [within 9 months after the entry into force of the Regulation]. … Power is conferred on the Commission to adopt the implementing technical standards referred to in the second subparagraph in accordance with Article 15 of Regulation (EU) No 1094/2010.] CHAPTER V ACCUMULATION SECTION I INVESTMENT RULES FOR PEPP PROVIDERS Article 33 Investment rules 1. PEPP providers shall invest in accordance with the "prudent person" rule and in particular in accordance with the following rules: (a) the assets be invested in the best long-term interests of PEPP savers as a whole. In the case of a potential conflict of interest, a PEPP provider, or the entity which manages its portfolio, shall ensure that the investment is made in the sole interest of PEPP savers; (b) the assets shall be invested in such a manner as to ensure the security, quality, liquidity and profitability of the portfolio as a whole; (c) the assets shall be predominantly invested on regulated markets. Investment in assets which are not admitted to trading on a regulated financial market must in any event be kept to prudent levels; (d) investment in derivative instruments be possible insofar as such instruments contribute to a reduction in investment risks or facilitate efficient portfolio management. Those instruments shall be valued on a prudent basis,
EIOPA shall submit those draft implementing technical standards to the Commission by … [within 9 months after the entry into force of the Regulation]. Power is conferred on the Commission to adopt the implementing technical standards referred to in the second subparagraph in accordance with Article 15 of Regulation (EU) No 1094/2010.] CHAPTER V ACCUMULATION SECTION I INVESTMENT RULES FOR PEPP PROVIDERS Article 33 Investment rules 1. PEPP providers shall invest in accordance with the "prudent person" rule and in particular in accordance with the following rules: (a) the assets be invested in the best long-term interests of PEPP savers as a whole. In the case of a potential conflict of interest, a PEPP provider, or the entity which manages its portfolio, shall ensure that the investment is made in the sole interest of PEPP savers; (b) the assets shall be invested in such a manner as to ensure the security, quality, liquidity and profitability of the portfolio as a whole; (c) the assets shall be predominantly invested on regulated markets. Investment in assets which are not admitted to trading on a regulated financial market must in any event be kept to prudent levels; (d) investment in derivative instruments be possible insofar as such instruments contribute to a reduction in investment risks or facilitate efficient portfolio management. Those instruments shall be valued on a prudent basis,
st14972.en17_.docx