1 Amendments of Joachim SCHUSTER related to 2020/0066(COD)
Amendment 60 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) No 575/2013
Article 450 a (new)
Article 450 a (new)
(1a) The following article is inserted: " Article 450a In order to enhance the resilience of the financial sector and to strengthen its capacity to lend to the real economy in the actual crisis situation, credit institutions will suspend any kind of distribution until October 2021. Until this date, credit institutions will also suspend share buy- backs and excessive bonus payments. This paragraph will apply to institutions as defined in points (7), (16), (22) and (23) of Article 2 of Regulation (EU) No 468/2014 (ECB/2014/17).”