7 Amendments of Sergio GUTIÉRREZ PRIETO related to 2016/0182(COD)
Amendment 17 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Union contributes to ensuring a high level of consumer protection and to placing consumers at the heart of the single market by supporting and complementing Member States' policies in seeking to ensure that citizens can fully reap the benefits of the internal market and that, in so doing, their legal and economic interests are properly addressed and defended. A well-functioning and trustworthy financial services sector is a key component of the single market, including the cross-border purchasing capability of the said services. It requires a solid framework for regulation and supervision, which simultaneously ensures financial stability and focuses on supporting a sustainable economy. At the same time, it should provide a high level of protection to consumers and other financial services end-users, including retail investors, savers, insurance holders, pension fund participants, individual shareholders, borrowers or SMEs.
Amendment 25 #
Proposal for a regulation
Recital 7
Recital 7
(7) The evaluation of the pilot project and the subsequent preparatory action carried out in 2015 concluded that the policy objectives have been generally achieved. Finance Watch and Better Finance have been working on complementary policy areas and targeted different audiences. Together they have covered, through their activities, most of the Union financial political agenda since 2012. Both organizations have successfully worked, as much as their resources have allowed, to expand their activity in order to have wide geographical coverage within the EU.
Amendment 30 #
Proposal for a regulation
Recital 9
Recital 9
(9) However, despite regular efforts, both organisations did not manage to attract stable and significant funding from other donors, independent from the financial industry, and, therefore, remain heavily dependent on Union funding. Co- funding from the Union is therefore necessary to ensure the resources needed to achieve the desired policy objectives in the coming years, providing financial stability to those organisations and their experts and administrative staff who have so far managed to start-up their relevant activities in a short period of time. It is therefore necessary to establish a Union programme for the period 2017-2020 to support the activities of Finance Watch and Better Finance ('Programme'). Financial stability is of key importance to preserve the expertise, as well as for project planning for both organizations.
Amendment 36 #
Proposal for a regulation
Article 1 – paragraph 2 – point b
Article 1 – paragraph 2 – point b
(b) awareness, research and dissemination activities, including to a wide audience of non-experts;
Amendment 40 #
Proposal for a regulation
Article 1 – paragraph 2 – point b
Article 1 – paragraph 2 – point b
(b) awareness and dissemination activities, including to a wide audience of non-experts, in particular, but not only, in the field of bank abuses;
Amendment 45 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) to contribute to the information of consumers and other financial services end-users, as well as stakeholders representing their interests, about issues at stake in the regulation of the financial sector., and on harmful corporate practices for consumers, including those of cross-border nature;
Amendment 61 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. No later than twelve months before the end of the Programme, the Commission shall submit to the European Parliament and the Council an evaluation report on the achievement of the Programme's objectives. That report shall appraise the overall relevance and added value of the Programme, the effectiveness and efficiency of its execution, the adequacy of the funding against the tasks identified in this regulation and the overall and individual effectiveness of the beneficiaries' performance in terms of achievements of the objectives set out in Article 2.