BETA

7 Amendments of Brian HAYES related to 2016/0362(COD)

Amendment 129 #
Proposal for a directive
Article 1 – paragraph 18
Directive 2014/59/EU
Article 27 – paragraph 1 – point i
(i) where the conditions laid down in Article 29a are complied with, and where the measures in points (a), (b), (c) and (e) of this paragraph have been exhausted, suspend any payment or delivery obligation to which an institution or entity referred to in point (b), (c) or (d) of Article 1(1) is a party.
2018/01/29
Committee: ECON
Amendment 146 #
Proposal for a directive
Article 1 – paragraph 19
Directive 2014/59/EU
Article 29a – paragraph 2
2. The suspension referred to in paragraph 1 shall not exceed the minimum period of time that the competent authority considers necessary to carry out the assessment referred to in point (a) of Article 27(1) or to make the determination referred to in point (a) of Article 32(1) and shall in any event not exceed 52 working days.
2018/01/29
Committee: ECON
Amendment 155 #
Proposal for a directive
Article 1 – paragraph 19
Directive 2014/59/EU
Article 29a – paragraph 4
4. WhenIn determining whether to exercisinge a power under this Article, competent authorities shall have regard tocome to a decision on the basis of an assessment of the impact the exercise of that power might have on the orderly functioning of financial markets.
2018/01/29
Committee: ECON
Amendment 160 #
Proposal for a directive
Article 1 – paragraph 19
Directive 2014/59/EU
Article 29a, paragraph 7
7. Member States shall ensure that competent authorities notifyconsult the resolution authorities about the exercise of any power referred to in paragraph 1 without delay.
2018/01/29
Committee: ECON
Amendment 510 #
Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 1 – point a
(a) the liability is not excluded under Article 44(2)an eligible liability as referred to in Article 45b or any other category of liability which is material for the purpose of effective loss-absorption and recapitalisation;
2018/02/01
Committee: ECON
Amendment 511 #
Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 1 – point b
(b) the liability is not a deposit as referred to in point (a) of Article 108;deleted
2018/02/01
Committee: ECON
Amendment 514 #
Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2
2. The requirement referred to in paragraph 1 may not apply where the resolution authority of a Member State determines all of the following conditions are met: (a) referred to in the first subparagraph can be subject to write down and conversion powers by the resolution authority of a Member State pursuant to the law of the third country or to a binding agreement concluded with that third country; (b) economically impracticable for an institution or entity referred to in point (b), (c) or (d) of Article 1(1) to include such a contractual term in certain liabilities; (c) referred to in paragraph 1 for certain liabilities does not impede the resolvability of the institutions and entities referred to in points (b), (c) and (d) of Article 1(1). The liabilities referred to in points (b) and (c) shall not include debt instruments which are unsecured liabilities, Additional Tier 1 instruments, and Tier 2 instruments. Moreover, they shall be senior to the liabilities which count towards the minimum requirement for own funds and permissible liabilities. The liabilities which, in accordance with points (b) and (c), do not include the contractual term referred to in paragraph 1 shall not be counted towards the minimum requirement for own funds and eligible liabilities.deleted that the liabilities or instruments that it is legally, contractually or that a waiver from the requirement
2018/02/01
Committee: ECON