4 Amendments of Patrizia TOIA related to 2021/0342(COD)
Amendment 358 #
Proposal for a regulation
Recital 41 a (new)
Recital 41 a (new)
(41 a) A better alignment of banks’ prudential framework with the EU policy framework on Social Economy will contribute to a better inclusion of ESG requirements risks into the banks’ framework. Some banks have a specific legal nature, different characteristics, a unique "mutualistic" model that should be taken into account. It is therefore important that those banks are defined as "social economy entities", according to the conditions specified in Art. 4 point 146 (a). As a result, prudential and supervisory requirements should be made in a more proportionate and appropriate way.
Amendment 359 #
Proposal for a regulation
Recital 41 b (new)
Recital 41 b (new)
(41 b) The creation of the new category of social economy entities is consistent and will help to fulfil the strategy that puts green and sustainable financing at the heart of the EU financial system. It will help regulators and supervisors to better understand their business model and develop consistent policies and a more proportionate supervisory approach to deal with them. It will also help to improve the overall access to funding for social economy entities, which consequently will help revitalise the rural areas and proximity to the local communities, favouring the green and digital transition and the creation of new jobs.
Amendment 435 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point x a (new)
Article 1 – paragraph 1 – point 1 – point x a (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 146 – introductory part
Article 4 – paragraph 1 – point 146 – introductory part
Amendment 441 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point x b (new)
Article 1 – paragraph 1 – point 1 – point x b (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 146 a (new)
Article 4 – paragraph 1 – point 146 a (new)
(x b) the following point (146 a) is inserted: “social economy entity’ means an entity that meets all of the following conditions: a) The entity is not a G-SII; b) The entity and its subsidiaries and affiliated undertakings are linked according to article 22, paragraph 7 of Directive 2013/34/EU and applicable national laws address subsidiaries to allocate profits mainly to common interests of members; c) Subsidiaries or affiliated undertakings are small and non-complex entities according to point 145 of this article or less significant institutions according to art.6, paragraph 4 of Regulation (EU) 1024/2013; d) Affiliated undertakings are bound by national laws for a governance model informed by democratic principles.