12 Amendments of Paul TANG related to 2017/0230(COD)
Amendment 346 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a a (new)
Article 1 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) 1093/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(aa) Paragraph 3 is replaced by the following: "3. The Authority shall also act in the field of activities of credit institutions, financial conglomerates, investment firms, payment institutions and e-money institutions in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. taking into account sustainable business models and the integration of environmental, social and governance related factors, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. " (This amendment also applies throughout Articles 2 and 3.) Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02010R1093- 20160112&from=EN)
Amendment 354 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a d (new)
Article 1 – paragraph 1 – point 1 – point a d (new)
Regulation (EU) 1093/2010
Article 1 – paragraph 5 – subparagraph 1 – point fa (new)
Article 1 – paragraph 5 – subparagraph 1 – point fa (new)
(ad) In paragraph 5, the following point (fa) is added: "(fa) ensuring supervisory convergence of conduct of business across the internal market."; (This amendment also applies throughout Articles 2 and 3.)
Amendment 360 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 b (new)
Article 1 – paragraph 1 – point 1 b (new)
Regulation (EU) No 1093/2010
Article 2 – paragraph 3
Article 2 – paragraph 3
(1b) in Article 2, paragraph 3 is replaced by the following: "3. The Authority shall cooperate regularly and closely with the ESRB as well as with the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority)other two ESAs through the Joint Committee, ensuring cross- sectoral consistency of work and reaching joint positions in the area of supervision of financial conglomerates and on other cross- sectoral issues. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02010R1093-, including sustainability. " (This amendment also applies throughout Articles 2 and 3.) Or. en 20160112&from=EN)
Amendment 377 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point ii a (new)
Article 1 – paragraph 1 – point 5 – point a – point ii a (new)
(iia) point (d) is replaced by the following: "(d) to cooperate closely with the ESRB, in particular by providing the ESRB with the necessary information for the achievement of its tasks and by ensuring a proper follow up to the warnings and recommendations of the ESRB; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02010R1093-, by sharing observations and best practices as regard environmental, social and governance risks and by ensuring a proper follow up to the warnings and recommendations of the ESRB; " (This amendment also applies throughout Articles 2 and 3.) Or. en 20160112&from=EN)
Amendment 403 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6 – point -a b (new)
Article 1 – paragraph 1 – point 6 – point -a b (new)
Regulation (EU) No 1093/2010
Article 9 – paragraph 1a
Article 9 – paragraph 1a
(-ab) The following paragraph 1a is inserted: "1a. The Authority shall take a leading role in promoting supervisory convergence of conduct of business, including by: (a) developing binding minimum standards addressed to national competent authorities and describing minimum means of enforcement; (b) coordinating, with national competent authorities, enforcement activities based on those standards, such as mystery shopping exercises; (c) making public the outcomes of coordinated activities.;" (This amendment also applies throughout Articles 2 and 3.)
Amendment 478 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 a (new)
Article 1 – paragraph 1 – point 10 a (new)
Regulation (EU) No 1093/2010
Article 23 – paragraph 1
Article 23 – paragraph 1
(10a) In Article 23, paragraph 1 is replaced by the following: "1. The Authority shall, in consultation with the ESRB, develop criteria for the identification and measurement of systemic risk and an adequate stress-testing regime which includes an evaluation of the potential for systemic risk posed by or to financial institutions to increase in situations of stress, including climate related systemic risk by designing carbon stress test sand taking into account, notably, stranded assets and tax good governance and anti-money laundering based on global and EU standards. The financial institutions that may pose a systemic risk shall be subject to strengthened supervision, and where necessary, the recovery and resolution procedures referred to in Article 25. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)" (This amendment also applies throughout Articles 2 and 3.) Or. en
Amendment 583 #
Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point -a (new)
Article 1 – paragraph 1 – point 16 – point -a (new)
Regulation (EU) 1093/2010
Article 32 – paragraph 1
Article 32 – paragraph 1
(-a) paragraph 1 is replaced by the following: "1. The Authority shall monitor and assess market developments in the area of its competence and, where necessary, inform the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority)two other ESAs, the ESRB and the European Parliament, the Council and the Commission about the relevant micro- prudential trends, potential risks and vulnerabilities, also taking account sustainable and integrating environmental, social and governance related factors. The Authority shall include in its assessments an economic analysis of the markets in which financial institutions operate and an assessment of the impact of potential market developments on such institutions. content/EN/TXT/PDF/?uri=CELEX:32010R1093&qid=1532334130461&from=EN)" (This amendment also applies throughout Articles 2 and 3.) Or. en (https://eur-lex.europa.eu/legal-
Amendment 584 #
Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point -a a (new)
Article 1 – paragraph 1 – point 16 – point -a a (new)
Regulation (EU) No 1093/2010
Article 32 – paragraph 2 – point a a (new)
Article 32 – paragraph 2 – point a a (new)
(-a a) in paragraph 2, the following point (aa) in inserted: “(aa) common methodologies for assessing the effect of environmental scenarios, including the evolution of stranded assets, on the financial position of a financial market participant;” (This amendment also applies throughout Articles 2 and 3.)
Amendment 624 #
Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point a
Article 1 – paragraph 1 – point 19 – point a
2. The Authority may also request information to be provided at recurring intervals and in specified formats or by way of comparable templates approved by the Authority. Such requests shall, where possible, be made using common reporting formats. and shall respect the principle of proportionality provided for in national and Union law, including in the legislative acts referred to in Article 1(2). (This amendment also applies throughout Articles 2 and 3.)
Amendment 867 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
Regulation (EU) 1094/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(1a) paragraph 3 of Article 1 is replaced by the following: "3. The Authority shall also act in the field of activities of insurance undertakings, reinsurance undertakings, financial conglomerates, institutions for occupational retirement provision and insurance intermediaries, in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting, non-financial reporting, and the integration of environmental, social and governance related factors, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts."
Amendment 979 #
Proposal for a regulation
Article 3 – paragraph 1 – point 1 – point a a (new)
Article 3 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 1095/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(aa) paragraph 3 is replaced by the following: ‘3. The Authority shall also act in the field of activities of market participants in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting, non-financial reporting, and the integration of environmental, social and governance related factors, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. The Authority shall also take appropriate action in the context of take- over bids, clearing and settlement and derivative issues.’
Amendment 1012 #
Proposal for a regulation
Article 3 – paragraph 1 – point 11 – point a – point iii a (new)
Article 3 – paragraph 1 – point 11 – point a – point iii a (new)
Regulation (EU) No 1095/2010
Article 29 – paragraph 1 – point e a (new)
Article 29 – paragraph 1 – point e a (new)
(iiia) The following point (ea) is inserted: ‘(ea) provide guidance on how to assess and integrate environmental, social and governance risks factors for financial institutions and credit rating agencies’