14 Amendments of Sharon BOWLES related to 2010/2075(INI)
Amendment 14 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas the review of MiFID must also respect the following principles; wholesale and retail markets are distinct and should be treated accordingly; there should be non-discriminatory access at all levels; asset classes behave differently and should be treated as such; markets cannot be forced and have to meet the needs of the buyers and sellers to function effectively,
Amendment 15 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
Bb. whereas the balance between liquidity and transparency can sometimes be a trade off, and transparency obligations must always consider to whom and for what purpose the requirement is designed,
Amendment 16 #
Motion for a resolution
Recital B c (new)
Recital B c (new)
Bc. whereas changes to MiFID should always take into account its importance in governing capital flows into the real economy and therefore the potential impact on jobs, investments and pensions,
Amendment 56 #
Motion for a resolution
Recital H a (new)
Recital H a (new)
Ha. whereas divergence of implementation between Member States has led to an incomplete application of the MiFID framework,
Amendment 66 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Suggests that, in the interests of equitable treatment, rules need to be introduced such that MTFs transacting either a similar volume of trade or havare subject to a proportionate level of supervision and therefore regulated ing a similar market impact to an RM (subject to a threcomparable way, as competition between MTFs and RMs should) are subject to the same level of supervision and therefore regulated in a comparable way; happen on a level playing field while noting the important role of MTFs for market entry,
Amendment 72 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Asks for an investigation into the functioning of the systematic internaliser (SI) regime including consistency of implementation, the suitability of the MiFID definition and the appropriateness of the SI reporting regime, and the bringing forward of improvements to the way in which this category is regulated to increase its use as a subset of OTC;
Amendment 78 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. DCalls for a separate category for portfolio managers and demands that investment firms which provide a portfolio management service must be provided with best execution by the investment firms with whom they place orders notwithstanding that the portfolio manager is categorized by MiFID as an eligible counterparty;
Amendment 93 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls for an investigation into a suitable and proportionate volume threshold above which BCNs would be required to convert to an MTF;
Amendment 114 #
Motion for a resolution
Paragraph 10 – point b
Paragraph 10 – point b
(b) consider whethersuggests a suitable minimum threshold should be introduced for the Reference Price waiver to encourage the use of lit venues,
Amendment 126 #
Motion for a resolution
Paragraph -12 a (new) (after title Consolidated Tape)
Paragraph -12 a (new) (after title Consolidated Tape)
-12a. Welcomes the recent announcement from market participants to unbundle their pre and post trade data and calls for further efforts towards common data standards and better availability of data;
Amendment 139 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Asks that all reporting venues be required to unbundle pre and post trade data so information can be made available to all market participants at an affordable and comparable cost; further, asks the Commission to consider limiting the number of venues that trades can be reported to so further fragmentation can be avoided;
Amendment 154 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Calls for the regulation of firms that pursue HFT strategies to ensure that they have robust systems and controls with ongoing regulatory reviews of the algorithms they use, the capacity for intra- day monitoring and interrogation about real time outstanding positions and leverage and the ability to demonstrate that they have strong management procedures in place for abnormal events;
Amendment 164 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Notwithstanding the necessary application of safeguards, calls for ESMA to further investigate if sponsored access crosses the threshold of non- discriminatory access,
Amendment 192 #
Motion for a resolution
Paragraph 31 a (new)
Paragraph 31 a (new)
31a. Believes that it is necessary for regulators across the different physical and financial commodities markets to have access to the same data to identify trends and cross linkages and calls on the Commission to coordinate efforts both within the EU and globally.