4 Amendments of Thomas MANN related to 2011/0006(COD)
Amendment 313 #
Proposal for a directive
Recital 31
Recital 31
(31) Since the objectives of this Directive, namely improving the functioning of the internal market by means of ensuring a high, effective and consistent level of prudential regulation and supervision, protecting policy holders and beneficiaries and thereby businesses and consumers, protecting the integrity, efficiency and orderly functioning of financial markets, maintaining the stability of the financial system, and strengthening international supervisory coordination, cannot be sufficiently achieved by the Member States and can, therefore, by reason of scale of the action, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive should not go beyond what is necessary in order to achieve those objectives and should not, in particular, lay down any solvency requirements for occupational pensions bodies.
Amendment 452 #
Proposal for a directive
Article 2 – point 70
Article 2 – point 70
Directive 2009/138/EC
Article 308a – paragraph 3
Article 308a – paragraph 3
3. Where the Commission has adopted a delegated act in accordance with Article 308b(3), Article 41(1) and Article 41(3) shall not apply for a maximum period of 3 years from the date referred to in the first sub-paragraph ofIn accordance with Article 308b, from 1 July 2013: (a) insurance and re-insurance undertakings shall calculate estimates for the solvency capital requirement, the minimum capital requirement, the amount of own resources and the balance in accordance with this Directive, and shall provide this information to the supervisory authorities; (b) insurance and re-insurance undertakings shall comply with the information requirements with regard to annual reporting to the supervisory authorities in accordance with Article 35; the Member States may waive these information requirements for such insurance and re-insurance undertakings that do not fully comply with the requirement to provide appropriate systems and structures in line with Article 309(1).. 5(5).
Amendment 454 #
Proposal for a directive
Article 2 – point 70
Article 2 – point 70
Directive 2009/138/EC
Article 308a – paragraph 3 a (new)
Article 308a – paragraph 3 a (new)
3a. During the transitional period, the Member States may allow insurance and re-insurance undertakings to disclose, or include in supervision reports, only such information that can be provided by their existing systems and structures, even if, in doing so, they are not fully complying with the reporting and disclosure requirements referred to in Articles 35, 51, and 53 to 55;
Amendment 457 #
Proposal for a directive
Article 2 – point 70
Article 2 – point 70
Directive 2009/138/EC
Article 308a – paragraph 5 a (new)
Article 308a – paragraph 5 a (new)
5a. During the transitional period, the Member States may allow groups of insurance and re-insurance undertakings to disclose, or include in supervision reports, only such information that can be provided by their existing systems and structures, even if, in doing so, they are not fully complying with the reporting and disclosure requirements referred to in Articles 254(2) and 256;