5 Amendments of Laurence SAILLIET related to 2023/0363(COD)
Amendment 80 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) Reporting and disclosure requirements can also impose disproportionate burdens on interested parties, and can be particularly burdensome for small and medium-sized enterprises or micro-enterprises;
Amendment 82 #
Proposal for a regulation
Recital 2
Recital 2
(2) Streamlining reporting obligations and reducing administrative burdens is therefoare a priority, including as regards reporting requirements in the financial sector and as regards the frequency of reporting related to the InvestEU Programme established under Regulation (EU) 2021/523 of the European Parliament and of the Council3 . __________________ 3 Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017 (OJ L 107, 26.3.2021, p. 30).
Amendment 87 #
Proposal for a regulation
Recital 4
Recital 4
(4) Financial institutions and other entities active on financial markets are required to report a wide range of information to enable Union and national authorities overseeing the financial system to monitor risks, ensure financial stability and market integrity, and protect investors and consumers of financial services in the Union. The European Supervisory Authorities and the European authority for countering money laundering and terrorist financing (AMLA) should regularly review the reporting and disclosure requirements and propose, where appropriate, to streamline and remove redundant or, obsolete or disproportionate requirements. They should coordinate this work via the Joint Committee of the European Supervisory Authorities. Facilitating theThey should make it easier to sharinge and reuse of the information collected by the authorities, while safeguarding data protection, professional secrecy and intellectual property, shouland reduceing the burden on reporting entities and on authorities by avoiding duplicative requests, in line with the Strategy on supervisory data in EU financial services. Information sharing should also contribute to better coordination of supervisory activities and supervisory convergence.
Amendment 88 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) In order to foster the exchange of information across the entire financial sector, all authorities responsible for supervision in the financial sector, including the ESRB, the ESAs, the AMLA, the SSM, the SRB, as well as all respective competent, supervisory and resolution authorities in the Member States, should be included in the scope of this amending Regulation.
Amendment 104 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1
Article 2 – paragraph 1 – point 1
Regulation (EU) No 1093/2010
Article 29 – paragraph 1 – point d
Article 29 – paragraph 1 – point d
(d) reviewing the application of the relevant regulatory and implementing technical standards adopted by the Commission, and of the guidelines and recommendations issued by the Authority and proposing amendments where appropriate, including to remove redundant or, obsolete reportingand disproportionate reporting and disclosure requirements andto minimise costs;;