5 Amendments of Othmar KARAS related to 2018/0179(COD)
Amendment 52 #
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) The EBA should investigate the feasibility and appropriateness of the introduction of technical criteria for the supervisory review and evaluation process (SREP) of risks related to exposures to activities which are associated substantially with environmental, social and governance objectives (ESG) with a view to assess inter alia the possible sources and effects of such risks on institutions, taking existing sustainability reporting by institutions into account.
Amendment 60 #
Proposal for a regulation
Recital 4
Recital 4
(4) To ensure a coherent application of this Regulation and that the disclosure obligations laid down in this Regulation are clearly and consistently applied by financial market participants, it is necessary to lay down a clear and harmonised definition of ‘sustainable investments’. With regard to the disclosure requirements relating to sustainable investments and sustainability risks any overlap in regulation or pre- emptive legislative action must be avoided which would not be in line with the principles of better regulation and proportionality, the aim to create a consistent terminology and a clear regulatory framework or would lead to an unnecessary burdening of both, authorities and financial institutions.
Amendment 65 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) The disclosure requirements on remuneration policies in this Regulation should comprise disclosures which are compatible with the aim of the remuneration rules to establish and maintain remuneration policies and practices that are consistent with effective risk management.
Amendment 127 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. Financial market participants shall publish written policies on the integration of sustainability risks in the investment decision-making process on their websites in an easy accessible and understandable manner.
Amendment 134 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. Insurance intermediaries which provide insurance advice with regard to IBIPs and investment firms which provide investment advice shall publish written policies on the integration of sustainability risks in investment advice or insurance advice on their websites in an easy accessible and understandable manner.