2 Amendments of Billy KELLEHER related to 2020/0155(COD)
Amendment 29 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2 a) It is crucial to support the recovery from the severe economic shock caused by the COVID-19 pandemic by ensuring European companies have access to a diverse range of funding mechanisms at this vital time. To avoid any extraterritorial conflicts that may cause barriers to accessing liquidity, it is necessary to clarify the scope of the share trading obligation under Article 23 of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, especially in respect of dual- listed shares listed before 31 December 2020;
Amendment 117 #
Proposal for a regulation
Article 1 a (new)
Article 1 a (new)
Regulation (EU) No 600/2014
Article 23 – paragraph 1
Article 23 – paragraph 1
Article 1 a (new) Amendment to Regulation (EU) 600/2014 Article 23(1) is replaced by the following: ""1. An investment firm shall ensure the trades it undertakes in shares with an ISIN that contains the country code of an EEA country admitted to trading on a regulated market or traded on a trading venue shall take place on a regulated market, MTF or systematic internaliser, or a third-country trading venue assessed as equivalent in accordance with Article 25(4)(a) of Directive 2014/65/EU, as appropriate, unless their characteristics include that they: (a) are non-systematic, ad-hoc, irregular and infrequent; or are carried out on a third-country trading venue in the home currency of the third country in which the trading venue is located; or if the shares were dual-listed on a third country exchange before 31 December 2020; (b) are carried out between eligible and/or professional counterparties and do not contribute to the price discovery process. ;"" Or. en (32014R0600)