8 Amendments of Andrey NOVAKOV related to 2016/2006(INI)
Amendment 3 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Welcomes the objectives set by the IFRS, more specifically increased cross border mobility for SMEs, reduced tax fraud, access to funding on the global capital markets;
Amendment 5 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Notes, however, that IFRS are not fully implemented and not fully endorsed by the Member States which undermines the potential of the standards;
Amendment 6 #
Draft opinion
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Calls on the Commission and the Member States to focus efforts on complete implementation since such a step is needed to enable the Capital Markets Union and to contribute to processes leading to a full-fledged Single Market;
Amendment 7 #
Draft opinion
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Recommends that member states stick to the to the ESMA guidelines to ensure smooth and complete implementation of the IFRS;
Amendment 8 #
Draft opinion
Paragraph 3 d (new)
Paragraph 3 d (new)
3d. Calls on the Commission to develop an EU-wide simplified accounting standard for SMEs listed on Multilateral Trading Facilities (MTFs), especially having in regards to the SME Growth Markets;
Amendment 9 #
Draft opinion
Paragraph 4
Paragraph 4
4. Notes that the high level of complexity of IFRS necessitates carefulfurther cost/benefit analysis and impact assessmentscommunication of the existing capital market outcomes; notes that a careful balance between required data disclosure and reduced red tape for SMEs must be maintained;
Amendment 12 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Notes in this context that the European Parliament should play the role of an active promoter of IFRS as evidence exists that benefits outweigh the costs;
Amendment 14 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Notes that the US is a key factor in the global implementation of IFRS and so far does not permit its domestic companies to use the standards; calls on the Commission, therefore, to consider IFRS as part of the TTIP negotiation scope;