2 Amendments of Hugues BAYET related to 2014/0807(CNS)
Amendment 9 #
Draft regulation
Recital 6
Recital 6
(6) The ECB should publish decisions imposing administrative pecuniary penalties for breaches of directly applicable Union law and sanctions for breaches of ECB regulations or decisions, both in the supervisory and non-supervisory fields, unless such publication would be disproportionate, considering the degree of severity of the administrative pecuniary penalty or sanction imposed on an undertaking, or jeopardise the stability of financial markets. Where the ECB considers that immediate publication of a decision would jeopardise the stability of financial markets or be disproportionate considering the degree of severity of the administrative pecuniary penalty or sanction imposed on an undertaking, it should have the discretion to delay the publication in question by up to one year from the date on which the decision was taken. Upon request the ECB should hold confidential discussions behind closed doors with the Chair and Vice-Chairs of the European Parliament committee with responsibility for such cases. The ECB should state the reasons for the delay in an annex to the publication in which the decision appears.
Amendment 15 #
Draft regulation
Article 1 – point 2
Article 1 – point 2
Regulation (EC) No 2532/98
Article 1 a – paragraph 3
Article 1 a – paragraph 3
3. The ECB may publish any decision imposing on an undertaking administrative pecuniary penalties for breaches of directly applicable Union law and sanctions for breaches of ECB regulations or decisions, both in the supervisory and non- supervisory fields, whether such decision has been appealed or not. The ECB shall carry out such publication in accordance with relevant Union law, irrespective of any national law or regulation and, where relevant Union law is composed of Directives, of any national legislation transposing those Directives. Where the ECB considers that immediate publication of a decision would jeopardise the stability of financial markets or be disproportionate considering the degree of severity of the administrative pecuniary penalty or sanction imposed on an undertaking, it shall have the discretion to delay the publication of the decision by up to one year from the date on which the decision was taken.