4 Amendments of Siôn SIMON related to 2014/0091(COD)
Amendment 108 #
Proposal for a directive
Recital 20
Recital 20
(20) Institutions for occupational retirement provision are financial service providerspensions institutions that serve a social purpose and which bear a heavy responsibility for the provision of occupational retirement benefits and therefore should meet certain minimum prudential standards with respect to their activities and conditions of operation. Their social function and the triangular relationship between the employee, the employer and the institutions for occupational retirement provision (IORPs) should be adequately acknowledged and supported as a guiding principle of this Directive.
Amendment 127 #
Proposal for a directive
Article 15 – paragraph 3
Article 15 – paragraph 3
3. In the event of cross-border activity as referred to in Article 12, the technical provisions shall at all times be fully funded in respect of the total range of pension schemes operated. If these conditions are not met, the competent authorities of the home Member State shall intervene in accordance with Article 62. To comply with this requirement the home Member State may require ring- fencing of the assets and liabilitiesThe conditions laid down in paragraphs1 and 2 shall also apply in the event of cross-border activity as referred to in Article 12.
Amendment 133 #
Proposal for a directive
Article 23 – paragraph 1 – point a
Article 23 – paragraph 1 – point a
(a) their professional qualifications, knowledge and experience are collectively adequate to enable them to ensure a sound and prudent management of the institution and to properly carry out their key functions (requirement to be fit); and
Amendment 137 #
Proposal for a directive
Article 29 – paragraph 1 – subparagraph 2
Article 29 – paragraph 1 – subparagraph 2