10 Amendments of Sirpa PIETIKÄINEN related to 2011/0307(COD)
Amendment 15 #
Proposal for a directive
Recital 7
Recital 7
(7) In order to provide for enhanced transparency of payments made to governments, issuers whose securities are admitted to trading on a regulated market and which have activities in the extractive or logging of primary forest industries should disclose in a separate report on an annual basis payments made to governments in the countries in which they operate. The report should include types of payments comparable to those disclosed under the Extractive Industries Transparency Initiative (EITI) and provide civil society with information to hold governments of resource-rich countries to account for their receipts from the exploitation of natural resoshould disclose as part of their annual financial statements payments made to governments in the countries in which they operate. Disclosures should be incorporated on a country-by-country basis. In the case of issuers engaged in activities related to extractive or forest industries, disclosures should include types of payments comparable to those disclosed under the Extractive Industries Transparency Initiative (EITI) and should be on a country-by-country and project- by-project basis, where a project means a contract, licence, lease or other legal agreement under which an issuer operates, and which gives rise to specific revenue liabilities. For all issuers, disclosurces. The initiative is also complement should include name, turnover and assets (including third party to the EU FLEGT Action Plan (Forest Law Enforcement, Governance and Trade) and the Timber Regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the EU marketand intra-group) of the constituent entities of the undertaking that might give rise to payments and, on a per-country basis, quantities produced, sales, profit before tax, effective tax rates, total number of people employed and their aggregate remuneration and expenditure on fixed asset investment during the course of the reporting period. The detailed requirements are defined in Chapter 9 of Directive 2011/.../EU of the European Parliament and of the Council.
Amendment 38 #
Proposal for a directive
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Directive 2004/109/CE
Article 6
Article 6
Member States shall require all issuers active in the extractive or logging of primary forest industries, as defined in […] to prepare, in accordance withto prepare, as part of their annual financial statements, a report on payments made to governments in the countries in which they operate as if Chapter 9 of Directive 2011/.../EU of the European Parliament and of the Council (*), a report on payments made to governments on an annual basispplied. The report shall be made public at the latest six months after the end of each financial year and shall remain publicly available for at least five years. Payments to governments shall be reported at consolidated level. The report should incorporate disclosures on a country-by-country basis. For issuers engaged in activities related to extractive or forest industries, disclosures should include types of payments comparable to those disclosed under the Extractive Industries Transparency Initiative (EITI) and should be on a country-by-country and project-by-project basis, where a project means a contract, licence, lease or other legal agreement under which an issuer operates, and from which its specific revenue liabilities arise. For all issuers, disclosures should include name, assets and turnover (including third party and intra-group turnover) of the constituent entities of the undertaking that might give rise to payments and, on a per-country basis, quantities produced, sales, profit before tax, effective tax rates, total number of people employed and their aggregate remuneration and expenditure on fixed asset investment during the course of the reporting period.
Amendment 42 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Directive 2004/019/EC
Article 6 a (new)
Article 6 a (new)
Amendment 44 #
Proposal for a directive
Article 1 – paragraph 1 – point 6 – point b a (new)
Article 1 – paragraph 1 – point 6 – point b a (new)
Directive 2004/109/CE
Article 8 – paragraph 1b (new)
Article 8 – paragraph 1b (new)
(ba) The following paragraph 1b is inserted: '1b. Article 6 shall not apply to an issuer that has a net turnover less than EUR 40 million in the preceding financial year;'
Amendment 45 #
Proposal for a directive
Article 1 – paragraph 1 – point 7 – point b
Article 1 – paragraph 1 – point 7 – point b
Directive 2004/109/CE
Article 9 – paragraph 6 – subparagraph 3
Article 9 – paragraph 6 – subparagraph 3
Amendment 46 #
Proposal for a directive
Article 1 – paragraph 1 – point 7 – point b
Article 1 – paragraph 1 – point 7 – point b
Directive 2004/109/CE
Article 9 –paragraph 6 – subparagraph 4
Article 9 –paragraph 6 – subparagraph 4
Amendment 47 #
Proposal for a directive
Article 1 – paragraph 1 – point 7 – point b
Article 1 – paragraph 1 – point 7 – point b
Directive 2004/109/CE
Article 9 – paragraph 6 – subparagraph 5
Article 9 – paragraph 6 – subparagraph 5
Amendment 59 #
Proposal for a directive
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Directive 2004/109/EC
Article 21 – paragraph 4 – point c
Article 21 – paragraph 4 – point c
(c) rules concerningto ensure the interoperability of the information and communication technologies used by the national officially appointed mechanisms and the access to regulated information at the Union level, as referred to in paragraph 2.
Amendment 60 #
Proposal for a directive
Article 1 – paragraph 1 – point 12 a (new)
Article 1 – paragraph 1 – point 12 a (new)
Directive 2004/109/EC
Article 21a (new)
Article 21a (new)
Amendment 64 #
Proposal for a directive
Article 1 – paragraph 1 – point 18a (new)
Article 1 – paragraph 1 – point 18a (new)
Directive 2004/109/CE
Article 33
Article 33
Article 33 is replaced by the following: 'Article 33 Review The Commission shall by [2 years after the date of transposition of this Directive] report on the operation of this Directive to the European Parliament and the Council, in particular as regards the following elements: – the operation of the reporting of payments to governments and the implementation of the principles on this issue; – the operation of the exemptions to the reporting requirements for issuers that are States, regional or local authorities, public international bodies of which at least one Member State is a member, the ECB, and Member States' national banks whether or not they issue shares or other securities; - the drafting of regulatory technical standards by ESMA; - the functioning of the system of interconnection of central storage mechanism; - any other rules necessary or appropriate in the public interest or for the protection of investors; – the application of sanctions. The report shall be submitted together with a legislative proposal, if appropriate.'