5 Amendments of Christian EHLER related to 2008/0199(COD)
Amendment 16 #
Proposal for a directive – amending act
Recital 5
Recital 5
(5) The payout period of three months currently provided for, which can be extended to 9 months, runs counter to the need to maintain depositors' confidence and does not meet their needs. Therefore, the payout delay should be reduced to a period of threeen working days from the date on which the deposit-guarantee scheme concerned has received the relevant information. Furthermore, in the cases where payout is triggered by a determination of the competent authorities, the decision period of 21 days currently provided for should be reduced to 3 days in order not to impede rapid payout. For the allocation of necessary liquid assets, an emergency fund should be established, which ensures payments of up to EUR 5 000 within three days of application.
Amendment 21 #
Proposal for a directive – amending act
Recital 6
Recital 6
(6) The possibility of discretionary exclusions of certain categories of depositors set out in Annex I to Directive 94/19/EC has led to a variety of categories of beneficiaries that have to be identified during the payout procedure. This has proven to be difficult for the enforcement of arrangements between home and host country schemes (topping up) and to delay payout and should therefore be discontinued. In addition most of the exclusions currently provided for concern public entities and financial institutions. An increased protection should, however, benefit depositors who as a matter of principle do not dispose of a lot of financial expertise. Therefore protection should be limited to retail depositors, whilst maintaining the option for Member States to extend thate protection to other categories of depositors should be maintained.
Amendment 25 #
Proposal for a directive – amending act
Recital 9
Recital 9
Amendment 26 #
Proposal for a directive – amending act
Recital 10
Recital 10
Amendment 46 #
Proposal for a directive – amending act
Article 1 – point 4
Article 1 – point 4
Directive 94/19/EC
Article 7 a – paragraph 1
Article 7 a – paragraph 1