BETA

Activities of Beatrix von STORCH related to 2015/0268(COD)

Plenary speeches (1)

Prospectus to be published when securities are offered to the public or admitted to trading (A8-0238/2016 - Petr Ježek) DE
2016/11/22
Dossiers: 2015/0268(COD)

Shadow reports (1)

REPORT on the proposal for a regulation of the European Parliament and of the Council on the prospectus to be published when securities are offered to the public or admitted to trading PDF (1 MB) DOC (776 KB)
2016/11/22
Committee: ECON
Dossiers: 2015/0268(COD)
Documents: PDF(1 MB) DOC(776 KB)

Amendments (15)

Amendment 206 #
Proposal for a regulation
Recital 47
(47) Favourable treatments granted to issuances of non-equity securities with a denomination per unit in excess of EUR 100 000 may distort the structure of debt markets, create impediments to proper diversification of portfolios and to the development of electronic trading platforms, thus undermining liquidity on the secondary market, and may reduce investment choice for retail investors by depriving them of the opportunity to acquire investment-grade corporate bonds. It is therefore appropriate to remove the prospectus exemption for offers of non-equity securities whose denomination per unit amounts to at least EUR 100 000 and the lower standard of disclosure granted to prospectuses concerning such non-equity securities, featured originally in Directive 2003/71/EC. In particular, it is appropriate to unify the minimum information requirements for non-equity prospectuses, thereby replacing the dual standard of disclosure between issuances targeting qualified investors only and issuances targeting non-qualified investors.deleted
2016/04/21
Committee: ECON
Amendment 269 #
Proposal for a regulation
Article 1 – paragraph 3 – point b a (new)
(ba) an offer of securities whose denomination per unit amounts to at least EUR 100 000;
2016/04/21
Committee: ECON
Amendment 304 #
Proposal for a regulation
Article 2 – paragraph 1 – point f – indent 1
- companies, which, according to their last annual or consolidated accounts, meet at least two of the following three criteria: an average number of employees during the financial year of less than 250, a total balance sheet not exceeding EUR 43100 000 000 and an annual net turnover not exceeding EUR 51 000 000 000; or
2016/04/21
Committee: ECON
Amendment 360 #
Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 1 a (new)
There shall be no requirement to provide a summary in any of the following cases:
2016/04/21
Committee: ECON
Amendment 361 #
Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 1 a – point a (new)
(a) where the prospectus relates to the admission to trading on a regulated market of non-equity securities offered initially solely to qualified investors;
2016/04/21
Committee: ECON
Amendment 362 #
Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 1 a – point b (new)
(b) where there is an offer of securities whose denomination per unit amounts at least to EUR 100,000;
2016/04/21
Committee: ECON
Amendment 363 #
Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 1 a – point c (new)
(c) where there is an offer of securities addressed to investors who acquire securities for a total consideration of at least EUR 100,000 per investor, for each separate offer.
2016/04/21
Committee: ECON
Amendment 400 #
Proposal for a regulation
Article 7 – paragraph 6 – point c
(c) under a sub-section titled 'What are the key risks that are specific to the issuer?' a brief description of no more than five of the most material risk factors specific to the issuer contained in the category of highest materiality according to Article 16.
2016/04/21
Committee: ECON
Amendment 426 #
Proposal for a regulation
Article 7 – paragraph 7 – subparagraph 1 – point d
(d) under a sub-section titled 'What are the key risks that are specific to the securities?' a brief description of no more than five of the most material risk factors specific to the securities, contained in the category of highest materiality according to Article 16.
2016/04/21
Committee: ECON
Amendment 453 #
Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 2
However, Member States shall ensure that no civil liability shall attach to any person solely on the basis of the summary, including any translation thereof, unless it is misleading, inaccurate or inconsistent, when read together with the other parts of the prospectus, it is misleading, inaccurate or inconsistent or it does not provide, when read together with the other parts of the prospectus, key information in order to aid investors when considering whether to invest in such securities. The summary shall contain a clear warning to that effect.
2016/04/21
Committee: ECON
Amendment 473 #
Proposal for a regulation
Article 15 – paragraph 1 – subparagraph 1
SMEs may choose to draw up a prospectus under the minimum disclosure regime for SMEs in the case of an offer of securities to the public provided that they have no securities admitted to trading on a regulated market.
2016/04/21
Committee: ECON
Amendment 574 #
Proposal for a regulation
Article 26 – paragraph 2
2. The third country issuer shall designate a representative established in its home Member State, among the entities which are subject to and supervised under EU financial services regulation, on the basis of an authorisation. The third country issuer shall notify the competent authority of the identity and contact details of its representative.deleted
2016/04/21
Committee: ECON
Amendment 586 #
Proposal for a regulation
Article 26 – paragraph 3
3. The representative shall be the contact point of the third country issuer in the Union for the purposes of this Regulation, through which any official correspondence with the competent authority shall take place. The representative shall, together with the third country issuer,third country issuer shall be responsible for ensuring compliance of the prospectus with the requirements of this Regulation, in accordance with Chapters VII and VIII of this Regulation, towards the competent authority of the home Member State.
2016/04/21
Committee: ECON
Amendment 642 #
Proposal for a regulation
Article 47 – paragraph 1
1. This Regulation shall enter into force ontwo months after the date of entry into force of relevant and necessary Level 2 legislation, but not before the twentieth day following that of its publication in the Official Journal of the European Union.
2016/04/21
Committee: ECON
Amendment 643 #
Proposal for a regulation
Article 47 – paragraph 2
2. It shall apply from [enter date 12 months after entry into force].deleted
2016/04/21
Committee: ECON