3 Amendments of Thomas MANN related to 2014/0020(COD)
Amendment 341 #
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The restrictions laid down in point (b) of paragraph 1 shall not apply with regard to undertakings for collective investment in transferable securities (UCITS), closed- ended and unleveraged AIFs as defined in Directive 2011/61/EU where those AIFs are established in the Union or, if they are not established in the Union, they are marketed in the Union according to Articles 35 or 40 of Directive 2011/61/EU or AIFs designated to an exposure which is in line with Art. 51 paragraph 3 of the UCITS Directive 2009/65/EC, to qualifying venture capital funds as defined in Article 3(b) of Regulation (EU) No 345/2013, to qualifying social entrepreneurship funds as defined in Article 3(b) of Regulation (EU) No 346/2013, and to AIFs authorized as ELTIFs in accordance with Regulation (EU) No [XXX/XXXX].
Amendment 394 #
Proposal for a regulation
Article 8 – paragraph 1 – subparagraph 1 (new)
Article 8 – paragraph 1 – subparagraph 1 (new)
(j) purchasing or holding one or more Collective Investment Undertakings (CIUs) or holding capital instruments or voting rights in an entity that manages one or more CIUs provided that the designated exposure is in line with Art. 51 paragraph 3 of the UCITS Directive 2009/65/EC;
Amendment 621 #
Proposal for a regulation
Article 13 – paragraph 5 – subparagraph 2
Article 13 – paragraph 5 – subparagraph 2
Notwithstanding the first subparagraph, the competent authority may decide to allow core credit institutions that meet the requirements set out in Article 49(3)(a) or (b) of Regulation (EU) No 575/2013 to hold capital instruments or voting rights in a trading entity or an entity managing one single or several collective investment undertakings (CIUs) provided that the designated exposure is in line with Article 51 paragraph 3 of the UCITS Directive 2009/65/EC where the competent authority considers that holding such capital instruments or voting rights is indispensable for the functioning of the group and that the core credit institution has taken sufficient measures in order to appropriately mitigate the relevant risks.