On 21 July 2009, CEIOPS (the Committee of European Insurance and Occupational Pensions Supervisors) published advice regarding principles of remuneration applicable to the insurance sector. In particular, CEIOPS advises insurance undertakings to set commissions/fees for brokers and intermediaries in a way that does not cause detriment to policyholders. Remuneration policies should be designed in a manner that does not encourage illicit risk-taking and should be based on a long-term view of the undertaking's financial performance. While undertakings should apply the remuneration policy to the undertaking as a whole, focus should be placed on those roles that could cause conflict between the interests of the individual and the interests of the undertaking. It is intended that, once the principles are implemented, the supervisory authorities in each Member State will play a significant role in applying them.