5 Amendments of Sebastian Valentin BODU related to 2012/0029(COD)
Amendment 6 #
Proposal for a regulation
Article 16 – paragraph 4
Article 16 – paragraph 4
4. An authorised CSD may only have a participation in any legal person whose activities are limited to the provision of services set out in Sections A and B of the Annexirrespective of the industry. Such participation shall be subject to approval by the competent authority.
Amendment 8 #
Proposal for a regulation
Article 26 – paragraph 3
Article 26 – paragraph 3
3. User committees shall advise the board of the CSD on key arrangements that impact their members, including the criteria for accepting issuers or participants to their respective securities settlement systems, and service level and pricing structure.
Amendment 9 #
Proposal for a regulation
Article 26 – paragraph 3 a (new)
Article 26 – paragraph 3 a (new)
3a. User committees may submit an opinion to the board containing detailed reasons regarding the pricing structures of the CSD. When there is a conflict of interests on the part of a member of the user committees, he or she shall refrain from influencing in any way the opinion concerned.
Amendment 10 #
Proposal for a regulation
Article 31 – paragraph 6
Article 31 – paragraph 6
6. A CSD shall account separately for costs and revenues of the services providedcore and ancillary services provided, as they are defined in section A and Section B of the Annex, and shall disclose that information to the competent authority.
Amendment 11 #
Proposal for a regulation
Article 46 – paragraph 1
Article 46 – paragraph 1
1. Any question with respect to proprietary aspects in relation to financial instruments held by a CSD shall be governed by the law of the country where the account is maintained, except if the financial instrument is issued in another country, in which case the applicable law is the law of that country.