The European Insurance and Occupational Pensions Authority ("EIOPA") replaces the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) with effect from the 1 January 2011.
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.
EIOPA is part of the European System of Financial Supervision consisting of three European Supervisory Authorities and the European Systemic Risk Board. It is an independent advisory body to the European Parliament, the Council of the European Union and the European Commission.
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