3 Amendments of Othmar KARAS related to 2017/2253(INI)
Amendment 83 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recognises that the EU’s equivalence regime is an integral part of a number of the legislative acts forming its regulatory framework for financial services and can offer several benefits, such as: the removal of unnecessary regulatory barriers, increased competition, increased capital flows into the EU, and more instruments and investment choices for EU firms and investors;
Amendment 109 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that, as it stands, the EU’s process for granting equivalence lacks certainty and sufficient transparency, and requires a structured and practical framework outlining clear procedures and guidelines as regards the level of granularity of the assessment to be performed by the Commission;
Amendment 168 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for equivalence decisions to be reviewed at least once every three years, or in any case of changes in the third country’s regulatory framework which would call the equivalence decision into question, by the relevant ESA and for such reviews to be made public;