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6 Amendments of Gianni PITTELLA related to 2008/0190(COD)

Amendment 40 #
Gianni PITTELLA
Proposal for a directive – amending act
Article 6
1. Member States shall require electronic money institutions to hold, at the time of authorisation, initial capital, comprised of the items defined in Article 57(a) and (b) of Directive 2006/48/EC, of not less than EUR 1250 000.
2008/12/17
Committee: ECON
Amendment 51 #
Gianni PITTELLA
Proposal for a directive – amending act
Article 8 – paragraph 1 – point b
(b) granting credit related to payment services referred to in points 4, 5 or 7 of the Annex to Directive 2007/64/EC, where the conditions laid down in Article 16(3) and (5) of that Directive are met; moreover such credit shall not be granted from the funds received or held in exchange for the issuance of electronic money;
2008/12/17
Committee: ECON
Amendment 53 #
Gianni PITTELLA
Proposal for a directive – amending act
Article 8 – paragraph 1 – point d
(d) the operation of payment systems as defined in Article 4(1)(6) of Directive 2007/64/CE;
2008/12/17
Committee: ECON
Amendment 56 #
Gianni PITTELLA
Proposal for a directive – amending act
Article 8 – paragraph 2
2. Any funds received by electronic money institutions and credit institutions from the payment service user in exchange for electronic money shall not constitute a deposit or other repayable funds within the meaning of Article 5 of Directive 2006/48/EC. Funds received for any other payment service shall not constitute either a deposit or other repayable funds within the meaning of Article 5 of Directive 2006/48/EC, or electronic money within the meaning of this Directive.
2008/12/17
Committee: ECON
Amendment 58 #
Gianni PITTELLA
Proposal for a directive – amending act
Article 9 – paragraph 1
1. Member States or their competent authorities shall require an electronic money institution which carries on any of the activities referred to in: (i) Article 8(1)(a) to (d) and, at the same time, is engaged in other business activities referred to in, (c) and (d), to safeguard all funds that have been received in relation to electronic money issuance, in accordance with the provisions of Article 9(1)(a) and (c), and Article 9(2) of Directive 2007/64/EC, mutatis mutandis. (ii) Article 8(1)(b) and (e), to safeguard all funds that have been received from the payment service users or through another payment service provider for the execution ofin relation to electronic money issuance or other payment transactions, in accordance with the provisions of Article 9(1)(a), (2)b), (c), and (49(2) of Directive 2007/64/EC, mutatis mutandis. Credit and debit card receivables shall be considered secure, liquid, low-risk assets for the purpose of safeguarding funds that have been received in relation to electronic money.
2008/12/17
Committee: ECON
Amendment 63 #
Gianni PITTELLA
Proposal for a directive – amending act
Article 9 – paragraph 2
2. Member States or their competent authorities may require that electronic money institutions which are not engaged in other business activsafeguard funds that represent the financial liabilities referrlated to inoutstanding electronic money in accordance with Article 89(1)(a) to, (db) shall also comply with the safeguarding requirements under paragraph 1 of this Articleand (c) and Article 9(2) of Directive 2007/64/EC, mutatis mutandis.
2008/12/17
Committee: ECON
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