EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

Annex to the Legislative Financial Statement for a proposal for Directive of the
European Parliament and of the Council on Insurance Intermediaries and the Sale of
Insurance Products repealing the Directive 2002/92/EC on insurance mediation (IMD)
The costs related to tasks to be carried out by EIOPA have been estimated for staff
expenditure (Title 1), in conformity with the cost classification in the EIOPA draft budget for
2012 submitted to the Commission. The proposal of the Commission includes provisions for
EIOPA to develop and draft 5 delegated acts and 1 implementing technical standard. In
addition, EIOPA will also have to develop 2 guidelines, mainly to ensure cooperation
between authorities and 3 reports to monitor and evaluate the effectiveness of the Directive,
will hold the register of intermediaries who intend to go cross-border and will have a number
of other permanent tasks. It has been assumed that the Directive will enter into force in late
2013, and therefore the additional EIOPA resources are required from 2014. Additional staff
has been estimated for the technical standards, guidelines and reports to be produced by
EIOPA; and for other permanent tasks. As regards the nature of positions, the successful and
timely delivery of new technical standards will require, in particular, additional policy, legal
and impact assessment officers.
The following assumptions were applied to assess the impact on number of FTEs required to
develop delegated acts, technical standards, guidelines and reports:
1. One policy officer drafts on average 1,5 delegated acts/technical standards a year and
the same policy officer can draft the related guidelines or reports. Their jobs will also
include tasks related to gathering and publishing information and permanents tasks
(see above). This implies that 4 policy officers are needed;
2. One impact assessment officer is needed for the technical standards above;
3. One legal officer is needed for the technical standards and a guideline above.
This means an additional 6 FTEs are needed from 2014.
It was assumed that this increase in FTEs will be maintained in 2015 and 2016 since the
standards will most likely be finalised only in 2015 and amendments may be required in 2016.
Other assumptions:
1. Based on the distribution of FTEs in 2012 draft budget, the additional 6 FTEs are
assumed to be comprised of 4 temporary agents (74%), 1 seconded national expert
(16%) and 1 contractual agent (10%);
2. Average annual salary costs for different categories of personnel are based on DG
BUDG guidance;
3. Salary weighting coefficient for Frankfurt of 0,948;
4. Training costs assumed at €1,000 per FTE per year;
5. Mission costs of €10,000, estimated based on 2012 draft budget for missions per
headcount;
EN 91 EN