3 Amendments of Tokia SAÏFI related to 2011/0307(COD)
Amendment 4 #
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 includis disclosure should be annexed to the annual financial statements and mention, by country and project the types of payments comparable to those disclosed under the Extractive Industries Transparency Initiative (EITI) an. This disclosure should provide civil society and investors with information to hold governments of resource-rich countries to account foron the management by the governments concerned of their receipts from the exploitation of natural resources. The initiative is also complementary 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 market. The detailed requirements are defined in Chapter 9 of Directive 2011/../EU of the European Parliament and of the Council.
Amendment 5 #
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 issuers active in the extractive or logging of primary forest industries, as defined in […] to prepare, on an annual basis and in accordance with Chapter 9 of Directive 2011/../EU of the European Parliament and of the Council (*), a reportdisclosure on a country-by-country and project-by-project basis on payments made to governments on , where a project means annual basis. The report shall be contract, licence, lease or other legal agreement under which an undertaking operates, which gives rise to specific revenue liabilities. This disclosure shall be annexed to the annual financial statements and 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.
Amendment 6 #
Proposal for a directive
Article 2 a (new)
Article 2 a (new)