12 Amendments of Olivier CHASTEL related to 2020/2023(INI)
Amendment 5 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that the full implementation of the Withdrawal Agreement, including the Protocol on Northern Ireland, is a prerequisite for and a basic component of a futurenew partnership between the EU and the UK; expresses concern at the UK Government’s statements demonstrating a lack of political will to fully comply with its commitments under the Withdrawal Agreement, namely regarding border controls in the Irish Sea; notes that no concrete reassurances were given on this matter during the first meeting of the Joint Committee; underlines that trust between the Parties is essential in these negotiations;
Amendment 7 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Highlights the considerable level of integration and interdependence of the EU’s and UK’s economies, as well as the geographical proximity of the Parties; notes the acknowledgment of these circumstances by both Parties in the ‘Political Declaration setting out the Framework for the Future Relationship Between the EU and the UK’; recalls that the Political Declaration, based on the existing unique relationship, serves as the basis for an ambitious, broad, deep and flexible partnership;
Amendment 8 #
Draft opinion
Paragraph 3
Paragraph 3
3. Welcomes the fact that the Commission has presented and published a comprehensive legal proposal for a future relationnew partnership, broadly in line with its negotiating mandate and the European Parliament’s resolution, and deeply regrets the fact that the UK Government has refused to accept a similar level of transparenc; urges the Commission to continue its transparency towards the co-legislators, as well as the financial services industry and consumers, and deeply regrets the fact that the UK Government has refused to accept a similar level of transparency; stresses that clarity and certainty are crucial to business continuity and a seamless provision of services to consumers, as well as to preventing market volatility;
Amendment 16 #
Draft opinion
Paragraph 5
Paragraph 5
5. Believes it to be in both Parties’ mutual interests to establish an ambitious futurenew economic partnership covering a wide number of sectors; underlines that, in any case, a level playing field must be ensured and EU standards safeguarded in order to avoid a ‘race to the bottom’ and the acquisition of unfair competitive advantages through the undercutting of levels of protection or other regulatory divergences; considers that any futurenew framework should safeguard EU financial stability, fair competition, investor and consumer protection, and the integrity of the single market, and commitments to combat climate change, while respecting the EU’s regulatory regime and decision- making autonomy;
Amendment 29 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Stresses the need to uphold common high standards in the field of state aid control and competition law; underlines that achieving a level playing field between the Parties will require a robust framework for state aid control, antitrust, and merger control that prevents unfair distortion of trade and competition;
Amendment 34 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Stresses that the resulting framework must be clear and transparent, and must not impose a disproportionate burden on small and medium-sized enterprises (SMEs);
Amendment 52 #
Draft opinion
Paragraph 6
Paragraph 6
6. Recalls, in the context of financial services, that passporting rights, which are based on mutual recognition and harmonised prudential rules in the internal market, will cease to apply between the EU and the UK at the end of the transitional period; underlines that, thereafter, access to the European financial market must be based on equivalence decisions made within the EU’s legal framework; notes that equivalence examinations are a technical process which should be based on clear and transparent criteria; recalls that equivalence decisions are unilaterally granted and withdrawn by the European Commission, taking due account of the impact on the market and the need to preserve EU financial stability; recalls the importance of the EU maintaining its autonomy to adopt any measures for prudential reasons;
Amendment 67 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Recalls, however, the limited scope of equivalence decisions, in particular in respect of retail financial services; calls on the Parties to endeavour to limit regulatory divergence in these sectors;
Amendment 71 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6 c. Recommends that the Parties establish a mechanism for continuous cooperation and dialogue amongst policy- makers, regulators and supervisors; such a mechanism would serve as a forum for enhancing regulatory alignment and sharing supervisory concerns and best practices, including on new innovative services such as crypto assets; believes it is of mutual benefit to both Parties to continue to share necessary and relevant information and data between supervisors;
Amendment 74 #
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
6 d. Given the increasing digitisation of trade, including services, recommends that the Parties agree, as part of the governance framework of the new partnership, provisions for facilitating digital trade, addressing unjustified barriers to trade by electronic means, and ensuring an open, secure and trustworthy online environment for businesses and consumers; these provisions should facilitate necessary data flows, subject to exceptions for legitimate public policy objectives, while not undermining the EU’s personal data protection rules, and should be subject to appropriate judicial control;
Amendment 76 #
Draft opinion
Paragraph 6 e (new)
Paragraph 6 e (new)
6 e. Believes it is of mutual benefit to both Parties to continue to share any necessary and relevant information and data required to combat money- laundering and terrorist financing; recommends that the Parties establish a mechanism that will ensure full cooperation and communication in this regard;
Amendment 80 #
Draft opinion
Paragraph 7
Paragraph 7
7. Defends the need to extend the transition period in order to allow enough time to conclude the negotiations on a comprehensive futuIn light of the impact of the Covid- 19 crisis on the societies, economies and politics of the Parties, asks the European Commission to pre partnership, while safeguarding citizens’ rights, legal certainty and economic ane the scenario of a potential extension to the transition period financial stability case requested by the UK.