3 Amendments of Georgios KYRTSOS related to 2013/0314(COD)
Amendment 367 #
Proposal for a regulation
Article 5 – paragraph 3 a (new)
Article 5 – paragraph 3 a (new)
3a. The Administrator shall establish specific internal control procedures to ensure the integrity and reliability of the employee or person in charge to publish the benchmark taking into consideration the experience of that employee or person in charge.
Amendment 383 #
Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 1 – point a – paragraph 2
Article 7 – paragraph 1 – subparagraph 1 – point a – paragraph 2
The input data shall be transaction data. If available transaction data is not sufficient to represent accurately and reliably the market or economic reality that the benchmark is intended to measure, input data which is not transaction data may be used provided that such data is verifiable. (e.g. expert opinions, guidelines or related financial econometric methodologies).
Amendment 406 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. TWhere a benchmark is based on input data from contributors, the administrator shall adoptdraw up a code of conduct for each benchmark clearly specifying the administrator's and contributors' responsibilities and obligations with respect to the provision of the benchmark which shall includcontribution of input data and shall evaluate at clear description of the input data to be provided, and at least the elements set out in Section D of Annex Ist once per year the compliance of each submitter with the code of conduct as well as well as in the event of any changes to it.