[ParlTrack]

Proposal for a regulation
Article 10 – paragraph 3

3. Without prejudice to the powers of the Commission under Article 226 of the Treaty, where a national supervisory authority does not comply with the decision of the Authority referred to in paragraph 2 within the period laid down therein, the Authority may, where the relevant requirements laid down in the legislation referred to in Article 1(2) are directly applicable to financial institutions, adopt an individual decision addressed to a financial institution requiring the necessary action to comply with its obligations under that legislation, including the cessation of any practice.deleted

2010/03/23
Committee: ECON

Olle SCHMIDT

Proposal for a regulation
Article 11 – paragraph 1

1. Without prejudice to the powers laid down in Article 9, where a national supervisory authority disagrees on the procedure or content of an action or inaction by another national supervisory authority in areas where the legislation referred to in Article 1(2) requires cooperation, coordination or joint decision making by national supervisory authorities from more than one Member State, and does not assign ultimate responsibility to the group supervisor, the Authority, at the request of one or more of the national supervisory authorities concerned, may assist the authorities in reaching an agreement in accordance with the procedure set out in paragraph 2.

2010/03/23
Committee: ECON

Olle SCHMIDT

Proposal for a regulation
Article 20 – paragraph 2

2. Where information is not available or is not made available in a timely fashion by the national supervisory authorities and other public authorities of the Member States, the Authority may address a reasoned request directly to relevant financial institutions and other parties. It shall inform the relevant national supervisory authorities of such requests. At the request of the Authority, the national supervisory authorities and other public authorities of the Member States shall assist the Authority in collecting such information.deleted

2010/03/23
Committee: ECON

Olle SCHMIDT

Proposal for a regulation
Article 29 – paragraph 1

1. TDecisions of the Board of Supervisors shall act on the basis of qualified majority of its members, as defined in Article 205 of the Treaty, for acts specified in Articles 7, 8 and all measures and decisions adopted under Chapter VI. All other decisions of the Board of Supervisors shall be taken by simple majority of membersbe taken by simple majority of its members, according to the principle where each member has one vote.

2010/03/23
Committee: ECON

4 Amendments of Olle SCHMIDT related to 2009/0143(COD)

ParlTrack - 2011-2024