5 Amendments of Brian HAYES related to 2016/0364(COD)
Amendment 111 #
Proposal for a directive
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 1
Article 21b – paragraph 1
1. Subject to paragraph 7, Member States shall require that two or more institutions in the Union, which are part of the same third country group, have an intermediate EU parent undertaking that is established in the Union.
Amendment 157 #
Proposal for a directive
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 6 a (new)
Article 21b – paragraph 6 a (new)
6 a. Where the law or regulation of the home jurisdiction of a group requires structural separation of different activities, competent authorities shall permit the establishment of two intermediate EU parent undertakings provided: (a) the relevant resolution authorities are satisfied that the existence of two holding companies does not constitute an obstacle to resolution of the activities of the group headed by those holding companies and any requisite restructuring of those activities post-resolution; (b) the relevant supervisory authorities are satisfied that the existence of two holding companies does not constitute an obstacle to supervision of the activities of the group headed by those holding companies; (c) at least one of the parent undertakings is, or is a holding company in respect of, a credit institution.
Amendment 162 #
Proposal for a directive
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 6 b (new)
Article 21b – paragraph 6 b (new)
6 b. Where two intermediate parent undertakings are permitted under this Article, they shall together be treated as a group subject to consolidated supervision in accordance with Chapter 3 of Title VII of this Directive, and the consolidating supervisor shall be determined according to those provisions.
Amendment 163 #
Proposal for a directive
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 6 c (new)
Article 21b – paragraph 6 c (new)
6 c. Where two intermediate parent undertakings are permitted under this Article, they shall be regarded as a group for the purposes of Directive 2014/59/EU, a group resolution authority shall be designated in accordance with the provisions of that directive, and that group resolution authority shall have all of the powers and authorities as regards the IPUs as it would have had they constituted a group with an EU parent.
Amendment 164 #
Proposal for a directive
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 6 d (new)
Article 21b – paragraph 6 d (new)
6 d. By way of derogation from paragraph 1, groups operating through more than one institution in the Union and with total value of assets exceeding EUR 30 billion on [date of entry into force of this directive] shall have an intermediate EU parent undertaking or, in the case referred to in paragraph 7, two intermediate EU parent undertakings by [date of application of Directive + four years].".