Activities of Cora van NIEUWENHUIZEN related to 2014/0091(COD)
Plenary speeches (1)
Activities and supervision of institutions for occupational retirement provision (debate) NL
Amendments (10)
Amendment 369 #
Proposal for a directive
Recital 28
Recital 28
(28) If the institution does not work on a cross-border basis, Member States should be able to permit underfunding provided that a proper plan is established to restore full funding and without prejudice to the requirements of Council Directive 80/987/EEC of 20 October 1980 on the approximation of the laws of the Member States relating to the protection of employees in the event of the insolvency of their employer.28 __________________ 28 OJ L 283, 28.10.1980, p. 23.
Amendment 388 #
Proposal for a directive
Recital 37
Recital 37
(37) Remuneration policies which encourage excessive risk-taking behaviour can undermine sound and effective risk management of institutions. Principles and disclosure requirements for remuneration policies applicable to other types of financial institutions in the Union shcould be made applicable also to institutions, bearing in mind, however, the particular governance structure of institutions in comparison to other types of financial institutions and the need to take account of the size, nature, scope and complexity of the activities of institutions.
Amendment 401 #
Proposal for a directive
Recital 41
Recital 41
(41) It is essential that institutions improve their risk management so that potential vulnerabilities in relation to the sustainability of the pension scheme can be properly understood and discussed with the competent authorities. Institutions should, as part of their risk management system, produce a risk evaluation for their activities relating to pensions. That risk evaluation should also be made available to the competent authorities. In that evaluation institutions should provide among others a qualitative description of key elements determining their funding position in accordance with national law, the effectiveness of their risk-management system and the ability to comply with the requirements regarding technical provisions. This risk evaluation should include new or emerging risks, such as risks related to climate change, resource use or the environment.
Amendment 419 #
Proposal for a directive
Recital 48
Recital 48
(48) For the institution's members that have not yet retired, institutions should draw up a standardised pension benefit statement containing key personal and generic information about the pension scheme. The pension benefit statement should have a standard format in order to facilitate the understanding of pension entitlements over time and across schemes and serve labour mobility.
Amendment 480 #
Proposal for a directive
Article 13 – paragraph 3
Article 13 – paragraph 3
3. Unless national social and labour law on the organisation of pension systems provides otherwise, the transfer and its conditions shallmay be made subject to prior approval by the members and beneficiaries concerned or, where applicable, their representatives. In any event, information on the conditions of the transfer shall be made available to the members and beneficiaries concerned or, where applicable, their representatives at least four months before the application referred to in paragraph 2 is submitted.
Amendment 518 #
Proposal for a directive
Article 16 – paragraph 1
Article 16 – paragraph 1
Amendment 593 #
Proposal for a directive
Article 27 – paragraph 2
Article 27 – paragraph 2
2. Member States shall require institutions to designate at least one independent person, inside or outside of the institution, who is responsible forthat the internal audit function. Except for the ex is objecutionve and certification referred to in Article 14(4), that person shall not assume responsibility for key functions other than those laid down in this Articleindependent from other functions.
Amendment 622 #
Proposal for a directive
Article 35 – paragraph 1
Article 35 – paragraph 1
1. For each occupational pension scheme in which members and beneficiaries fully bear the investment risk, the home Member State shallmay require the institution to appoint a single depositary for safe-keeping of assets and oversight duties in accordance with Article 36 and 37.
Amendment 624 #
Proposal for a directive
Article 35 – paragraph 1 a (new)
Article 35 – paragraph 1 a (new)
1a. Member States may decide to exempt from this requirement institutions that have outsourced all of their investment management activities to external service providers.
Amendment 636 #
Proposal for a directive
Article 40 – paragraph 3
Article 40 – paragraph 3
(3) Any material change to the information contained in the pension benefit statement compared to the previous year shall be clearly explained in an accompanying letindicaterd.