6 Amendments of Jonás FERNÁNDEZ related to 2017/0136(COD)
Amendment 199 #
Proposal for a regulation
Recital 33
Recital 33
(33) The degree of risk posed by a systemically-important CCP to the financial system and stability of the Union varies. The requirements for systemically- important CCPs should therefore be applied in a manner proportionate to the risks that the CCP may present to the Union. Where ESMA and the relevant central bank(s) of issue conclude that a third-country CCP is of such systemic importance that additional requirements will not ensure the financial stability of the Union, ESMA should be able to recommend to the Commission that that CCP should not be recognised. In its recommendation, ESMA should assess the net benefits of such a move with regards to safeguarding the interests of EU taxpayers and financial stability. The Commission should be able to adopt an implementing act declaring that the third- country CCP should be established in the Union and authorised as such to provide clearing services in the Union.
Amendment 250 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 1095/2010
Article 44b – paragraph 1 – point c a (new)
Article 44b – paragraph 1 – point c a (new)
(ca) tasks, actions, and decisions for the supervision of systemically important CCPs established in the Union pursuant to Article 22g of Regulation (EU) 648/2012.
Amendment 453 #
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point d a (new)
Article 25 – paragraph 2 a – subparagraph 1 – point d a (new)
(da) the relevance of the CCP for EU central banks of issue and their monetary policy operations;
Amendment 455 #
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point d b (new)
Article 25 – paragraph 2 a – subparagraph 1 – point d b (new)
(db) the liquidity risks of the CCP embedded by the CCP activities, in particular the physical settlement requirements it implies in Union currencies.
Amendment 483 #
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 c – subparagraph 1 a (new)
Article 25 – paragraph 2 c – subparagraph 1 a (new)
The recommendation shall assess the net benefits of such a move with regards to safeguarding the interests of EU taxpayers and financial stability.
Amendment 520 #
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point g a (new)
Article 2 – paragraph 1 – point 9 – point g a (new)
Regulation (EU) No 648/2012
Article 25 – paragraph 7 a (new)
Article 25 – paragraph 7 a (new)