4 Amendments of Dimitar STOYANOV related to 2012/0150(COD)
Amendment 8 #
Proposal for a directive
Recital 18
Recital 18
(18) Resolution planning is an essential component of effective resolution. Authorities should have all the information necessary in order to plan how the essential functions of an institution or of a cross- border group may be isolated from the rest of the business and transferred in order to ensure the preservation and continuance of essential functions. The requirement to prepare a resolution plan should, however, be simplified, reflectingproportionate to the systemic importance of the institution or group.
Amendment 9 #
Proposal for a directive
Article 5 – paragraph 2
Article 5 – paragraph 2
2. Member States shall ensure that the institutions update their recovery plans at least annually or after change to the legal or organisational structure of the institution, its business or its financial situation, which could have a material effect on, or necessitates a change to the recovery plan. Competent authorities may require institutions to update their recovery plans more frequently should this be necessary for the stability of the financial markets.
Amendment 10 #
Proposal for a directive
Article 75 – paragraph 5
Article 75 – paragraph 5
5. The resolution authority shall ensure that the documents providing proof of the instruments referred to in paragraph 4 are sent in good time to the known shareholders and creditors of the institution under resolution.
Amendment 11 #
Proposal for a directive
Article 78 – paragraph 2 – point b
Article 78 – paragraph 2 – point b