Welcome to COVIP website.
In this section you will find general information on COVIP - Commissione di Vigilanza sui Fondi Pensione, the National Authority responsible for the supervision of Italian pension funds, as well as information on its powers, tasks and internal organisation.
The section also provides useful information for IORPs established in the European Union that wish to operate in Italy on a cross-border basis under Directive (EU) 2016/2341 (the IORP II Directive), such as an overview of the Italian legislation and regulation that Guests IORPs must comply with, as well as the links to the official texts. Furthermore, you will find information on the provisions of prudential nature which are not covered by the reference to the national social and labour law (SLL).
Cross-border activities and transfers under the IORP II Directive are also covered in the Budapest Protocol, a document signed by the EU National Authorities responsible for IORPs’ supervision – including COVIP – which details the means and procedures for the collaboration between National Competent Authorities (NCAs) in case of IORPs’ cross-border operations.
COVIP collaborates also with EIOPA, the European Insurance and Occupational Pensions Authority, also with regular exchanges of data and information. As provided under IORP II Directive, EIOPA collects and publishes on its website information on the EU occupation pensions landscape. The information published includes two registers and a database (you will find relevant links in this section).
Finally, COVIP publishes studies and statistical data on the national private pension market. In this section you will find an abstract in english of the Annual Report of the Authority, containing the main data on supplementary pension funds in Italy for the relevant year.