Article 7
EIOPA shall also consider the following factors that apply to the specific situation and circumstances of the PEPP provider or PEPP distributor, taking into account the following: (a) its financial situation and solvency; (b) its financial activities or financial practices; (c) its business model, including its sustainability and transparency; (d) the suitability of reinsurance and guarantee arrangements regarding the PEPP; (e) the PEPP provider’s reliance on third parties for important features of the PEPP, such as coverage of biometric risks, guarantees and the portability of the PEPP; (f) the selling practices associated with the PEPP, taking into account: (1) the communication and distribution channels used; (2) the information, marketing or other promotional material; (3) the degree of innovation related to the distribution model, such as the length of the intermediation chain or the reliance on innovative techniques for the distribution model.