Activities of Enrique CALVET CHAMBON related to 2016/0182(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on establishing a Union programme to support specific activities enhancing the involvement of consumers and other financial services end-users in Union policy making in the field of financial services for the period of 2017-2020 PDF (654 KB) DOC (84 KB)
Amendments (15)
Amendment 14 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Union contributes to ensuring a high level of consumer protection and to placing consumers at the heart of the single market by supporting and complementing Member States' policies in seeking to ensure that citizens can fully reap the benefits of the internal market and that, in so doing, their legal and economic interests are properly addressed and defended. A well-functioning and trustworthy financial services sector is a key component of the single market. It requires a solid framework for regulation and supervision, which simultaneously ensures financial stability and focuses on supporting a sustainable economy. At the same time, it should provide a high level of protection to consumers and other financial services end-users, including retail investors, savers, insurance policyholders, pension fund participantmembers and beneficiaries, individual shareholders, borrowers or SMEs.
Amendment 15 #
Proposal for a regulation
Recital 2
Recital 2
(2) Since 2007, the confidence of consumers in particular and of other financial services' end-users has been shaken by the financial and economic crisis. To restore citizens' confidence in the soundness of the financial sector, it is therefore important to increase the active participation and involvement of consumers and other end- users of financial information, including retail investors, savers, insurance policyholders, pension fund members and beneficiaries, individual shareholders, borrowers or SMEs, as well as of stakeholders representing their interests, in the Union decision-making process in the financial sector.
Amendment 18 #
Proposal for a regulation
Recital 3
Recital 3
(3) To achieve this objective, the Commission initiated at the end of 2011 a pilot project aimed at providing grants to support the development of a financial expertise centre to the benefit of consumers, other end-users and stakeholders representing their interests and to enhance their capacity to participate in Union policy making in the field of financial services. The main policy objectives were to ensure that Union policy-makers, when initiating new legislation, would be provided with views other than those expressed by the financial sector professionals, that the wider public is better informed about issues at stake in financial regulation, enhance financial literacy and that the active participation of consumers and other end-users of financial information, including retail investors, savers, insurance policyholders, pension fund members and beneficiaries, individual shareholders, borrowers or SMEs, is enhanced in Union policy- making in the area of financial services, resulting in well- balanced legislation.
Amendment 28 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) The Commission could in a future proposal open the Programme to other beneficiaries that may contribute to the objectives of this Regulation.
Amendment 35 #
Proposal for a regulation
Article 1 – paragraph 2 – point a
Article 1 – paragraph 2 – point a
(a) research activities, including production of own research, and data, and development of expertise;
Amendment 36 #
Proposal for a regulation
Article 1 – paragraph 2 – point b
Article 1 – paragraph 2 – point b
(b) awareness and dissemination activitiesctivities and active dissemination of their publications and data, including to a wide audience of non- experts (e.g. information and financial education);
Amendment 40 #
Proposal for a regulation
Article 1 – paragraph 2 – point c
Article 1 – paragraph 2 – point c
(c) activities reinforcing the interactions between the members of the organisations referred to in Article 3 and advocacy activities fostering the positions of those members at Union level. and exchange good practices between members, fostering general interest in financial and EU regulation;
Amendment 41 #
Proposal for a regulation
Article 1 – paragraph 2 – point c a (new)
Article 1 – paragraph 2 – point c a (new)
(c a) financial education and training, notably through cooperation with Member States' national authorities and national members of the beneficiaries;
Amendment 42 #
Proposal for a regulation
Article 2 – paragraph 1 – point a
Article 2 – paragraph 1 – point a
(a) to further enhance the active participation and involvement of consumers and other financial services end-users, including retail investors, savers, insurance policyholders, pension fund members and beneficiaries, individual shareholders, borrowers or SMEs, as well as stakeholders representing their interests, in Union policy-making in the area of financial services;
Amendment 45 #
Proposal for a regulation
Article 2 – paragraph 1 – point b
Article 2 – paragraph 1 – point b
(b) to contribute to the information of consumers and other financial services end-users, including retail investors, savers, insurance policyholders, pension fund members and beneficiaries, individual shareholders, borrowers or SMEs, as well as stakeholders representing their interests, about issues at stake in the regulation of the financial sector.
Amendment 53 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. In order to benefit from the Programme, these beneficiaries shall remain non-governmental, non-profit- making legal entities, independent of industry, commerce or business. They shall have no other conflicting interests and represent through their members the interests of Union consumers and other end-users in the field of financial services. They shall ensure, through their membership or own organizational structure, a wide coverage of Member States, and include through their membership a broad cross-section of European organisations. The Commission shall facilitate further information and develop contacts on potential members; The Commission shall ensure continued compliance with these criteria for the duration of the Programme by including them in the annual work programmes referred to in Article 7 and by assessing annually whether the beneficiaries meet these criteria before awarding the action grants referred to in Article 4.
Amendment 56 #
Proposal for a regulation
Article 7 – paragraph 2
Article 7 – paragraph 2
2. In order to benefit from the Programme, the beneficiaries shall submit every year before 31 December to the Commission a proposalwork programme describing the activities referred to in Article 1 planned for the following year.
Amendment 58 #
Proposal for a regulation
Article 7 – paragraph 3
Article 7 – paragraph 3
3. In order to implement the Programme, the Commission shall adoptssess and endorse the annual work programmes, unless any of the activities stated in the work programme does not promote objectives in line with the values and objectives of the Union. Those annual work programmes shall set out the objectives to be pursued, the expected results of the actions performed by the beneficiaries, the method of implementation of those actions and the total amount required to perform those actions. They shall also contain a detailed description of the actions to be financed, an indication of the amount allocated to each action and an indicative implementation timetable. For the action grants, the annual work programmes shall set out priorities and essential award criteria. The maximum rate of co-financing shall be 60% of eligible costs.
Amendment 59 #
Proposal for a regulation
Article 7 – paragraph 4
Article 7 – paragraph 4
4. The Commission shall adoptendorse the annual work programmes by means of implementing acts and confirm that any activity established in the work programme of the beneficiaries is in line with the values and objectives of the Union.
Amendment 63 #
Proposal for a regulation
Article 9 – paragraph 1 a (new)
Article 9 – paragraph 1 a (new)
1 a. The European Parliament shall comment the Commission opinion and issue an evaluation report in order to scrutinize the work done by the beneficiaries, assessing their contribution to achieve the objectives set out in article 2. In that sense, beneficiaries shall make the information available to the European Parliament and the Council. Before the end of 2020 the European Parliament shall assess the overall results of the Programme and call on the Commission to propose the continuation or the re- shaping of the Programme;