2 Amendments of Markus FERBER related to 2022/0405(COD)
Amendment 20 #
Proposal for a directive
Recital 5
Recital 5
(5) In addition, to further support the coverage of small and medium capitalisation companies by investment research, research material paid fully or partially by issuers should be labelled as ‘issuer-sponsored research’. To ensure an adequate level of objectivity and independence of such research material, such material should be produced in line with a code of conduct developed or endorsed by a market operator registered in a Member State or by a competent authority. In order to support more visibility of the issuer-sponsored research, issuers should have the possibility to submit their issuer-sponsored research to the relevant collection body as defined32 in [Article 2 (2) of the proposal for a Regulation33 on a European Single Access Point]. ESMA should develop minimum standards for the code of conduct in order to establish a minimum level of convergence across jurisdictions. __________________ 32 See Article2.2 o proposal for a Regulation [2021.78.COD] 33 Proposal for a Regulation [2021/03.78.COD]
Amendment 31 #
Proposal for a directive
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Directive 2014/65/EU
Article 24 – paragraph 3 b – subparagraph 3 (new)
Article 24 – paragraph 3 b – subparagraph 3 (new)
ESMA shall develop guidelines to establish minimum standards for the code of conduct for issuer-sponsored research.