Institutions for Occupational Retirement Provision (IORP I & II): The EU and Cyprus Directives

Institutions for Occupational Retirement Provision (IORP I & II): The EU and Cyprus Directives

The European Pension Systems landscape is constantly changing, a process that is resulting from pension-related EU Country Specific Recommendations (CSR). This seminar provides an overview of the European and Cyprus Pension systems. Firstly, it provides an overview of the Cyprus Pension System and how that was developed after the accession of Cyprus into the European Union. Then, the Cypriot Law 208(I)/2012 is analyzed in detail and its main provisions explained.


Finally, the seminar goes one step further by explaining the provisions of the European Commission’s proposed a revision (‘IORP II’) of the existing IORP Directive of 2003, which covers certain occupational pension savings. The proposed revision aims to improve the governance, risk management, transparency and information provision of IORPs and help increase cross-border IORP activity, strengthening the single market.

Seminar Content

  • Overview of Cypriot Pension System
  • Institutions for Occupational Retirement Provision Directive 2003
  • The Establishment, Activities, and Supervision of Funds for Occupational Retirement Benefits Law – Cyprus (L. 208(I)/2012)
  • IORP II Directive

Who should attend

  • Members of the Administrative / Management Committees or Trustees of Cypriot Occupational Pension and Provident Funds.
  • Administration staff of Occupational Pension and Provident Funds (General Managers, CFOs, Financial Controllers, Accountants, Administration staff)
  • Consultants, Actuaries, Assets – Fund Managers of Pension and Provident Funds.
  • Commercial Banks providing account and custodian services to Pension and Provident Funds.
  • Lawyers, Auditors, Accountants
  • Company General Managers and CFOs, HR Managers responsible for employee pension schemes.
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DATES: 23, 24 April


CPD Units: 6

LOCATION: EIMF Premises, Nicosia

TIME: 17:00 - 20:30

FEES: €200 + VAT

Start DateCourse TitleLocationCPD UnitsStatus
23 AprilInstitutions for Occupational Retirement Provision (IORP I & II): The EU and Cyprus DirectivesNicosia6UPCOMING
24 AprilCII Award in Financial PlanningNicosiaUPCOMING
26 AprilSolvency II & Insurance Distribution Directive IDDNicosiaUPCOMING
17 MayPackaged Retail and Insurance-based Investment Products (PRIIPs)NicosiaUPCOMING

Participants will receive a certificate for successful participation indicating all topics covered

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at 

Trainer: Demetris Hasikos

Demetris Hasikos is a financial management professional with extensive experience in banking treasury and asset management, recently as the Head of Treasury at Piraeus Bank (Cyprus) (now AstroBank) for 7 years and previously as the Treasurer of the Co-operative Central Bank (now Cyprus Cooperative Bank) for 9 years, complimented with previous working experience at Bank of Cyprus Group Treasury for 6 years and at Credit Suisse – First Boston for 3 years, an international investment bank in New York City.


Demetris is a professional with a diverse and solid academic background in finance, information technology (BSc and MSc in Electrical Engineering from Columbia University) and international business (MBA in Finance & International Business from NYU-Stern Graduate School of Business), as well as being a holder of the Advanced Certification for the provision of investments services under the CySEC Public Register.


Demetris also served for several years as Chairman of the Management/Administrative Committee of the Provident Fund 2013 of the Employees of Piraeus Bank (Cyprus) Ltd. Under his capacity as Chairman he successfully managed and administered (concurrently with the duties of Treasurer of the Bank) the daily procedures and operations (information systems) of the provident fund, monitored and implemented the investment policy and strategy of the fund and oversaw the execution of the investment process and the implementation of an efficient risk management framework.