7 Amendments of Daniel HANNAN related to 2015/0270(COD)
Amendment 28 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation No 806/2014
Article 41i – paragraph 1 – Introductory part
Article 41i – paragraph 1 – Introductory part
1. A participating DGS shall not be covered by EDIS in the reinsurance, co- insurance or full insurance phase, if the Commission, acting on its own initiative or upon a request of the Board or a participating Member State, decides and informs the Board, the DGS, the designated authority of the participating Member State within the meaning of point 18 of Article 2 of Directive 2014/49/EU, and the national competent authority or authorities accordingly, that at least one of the following disqualifying conditions is met:
Amendment 29 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation No 806/2014
Article 41i – paragraph 1 – paragraph a
Article 41i – paragraph 1 – paragraph a
(a) the participating DGS has failed to comply with the obligations under this Regulation or under Articles 4, 5, 6, 7, 8 or 10 of Directive 2014/49/EU;
Amendment 30 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation No 806/2014
Article 41i – paragraph 1 a (new)
Article 41i – paragraph 1 a (new)
1a. The Board shall monitor compliance with the conditions set out in either point (a) or point (b) of paragraph 1 on a continuous basis. If the Board identifies instances of compliance with either of these points, it shall immediately inform the Commission thereof.
Amendment 31 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation No 806/2014
Article 41i – paragraph 1 b (new)
Article 41i – paragraph 1 b (new)
1b. If the Commission considers that at least one of the disqualifying conditions is met, it shall deliver a letter of formal notice to the DGS and to the designated authority of the participating Member State within the meaning of point 18 of Article 2 of Directive 2014/49/EU, as well as to the national competent authority or authorities. It shall also inform the Member State or Member States concerned. That letter shall set out the Commission's reasons for considering disqualifying the participating DGS from coverage by EDIS. Within two months of receipt of such formal notice, the designated authority, in close cooperation with the DGS concerned and the national competent authority, shall: (a) take prompt corrective action to address the shortcomings identified and to ensure that the disqualifying conditions are no longer met; (b) submit to the Commission a reply in which they set out in detail the corrective action they have taken.
Amendment 32 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation No 806/2014
Article 41i – paragraph 1 c (new)
Article 41i – paragraph 1 c (new)
1c. The Commission shall decide to disqualify the participating DGS from coverage by EDIS in accordance with paragraph 1, where it, having assessed the corrective action taken and consulted with the Board, considers that the DGS or the designated national authority remains non-compliant.
Amendment 33 #
2. When funding has already been obtained by a participating DGS and at least one of the disqualifying conditions referred to in paragraph 1 is met in relation to a payout event or a use in resolution, the Commission mayshall order full or partial repayment of the funding to the DIF.
Amendment 34 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation No 806/2014
Article 41j – paragraph 2
Article 41j – paragraph 2
2. The Commission, after consulting the Board, may approve a derogation from the requirements set out in paragraph 1 for duly justified reasons linked to the business cycle in the respective Member State, the impact pro-cyclical contributions may have, or to a payout event which occurred at national levelonly where, at national level, a participating DGS has encountered a payout event or has been used in resolution in accordance with Article 109 of Directive 2014/59/EU or Article 79 of this Regulation. Thoseis derogations must be tempor should last no longer than 5 yearys and may be subject to the fulfilment of certain conditions.