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Activities of Sari ESSAYAH related to 2009/0132(COD)

Plenary speeches (1)

Securities to be offered to the public and harmonisation of transparency requirements (debate)
2016/11/22
Dossiers: 2009/0132(COD)

Amendments (4)

Amendment 71 #
Sari ESSAYAH
Proposal for a directive – amending act
Recital 9
(9) The requirement to produce a prospectus for offers made in the context of an employee share scheme is not an effective means of informing employees about the risks and benefits of that very particular kind of offer, and imposes excessive costs on employers that are not justified in terms of investor protection. Non-listed companies and companies listed in markets other than regulated markets in the Community should therefore be exempted from the obligation to produce a prospectus under those circumstances.deleted
2010/02/25
Committee: ECON
Amendment 74 #
Sari ESSAYAH
Proposal for a directive – amending act
Recital 10
(10) The summary of the prospectus is a key source of information for retail investors. It should be short, simple and easy for targeted investors to understand. It should focus on the key information that investors need in order to be able to make informed investment decisions. Its content should not be restricted to any predetermined number of words. The format and content of the summary should be determined in a way that ensures comparability with other investment products that are similar to the investment proposal described in the prospectus. Therefore, Member States should attach civil liability on the basis of the summary not only if it is misleading, inaccurate or inconsistent, when read together with the other parts of the prospectus, but also if it does not provide key information enabling investors to take informed investment decisions and to compare the securities with other investment products.
2010/02/25
Committee: ECON
Amendment 121 #
Sari ESSAYAH
Proposal for a directive – amending act
Article 1 – point 4
Directive 2003/71/EC
Article 4 – paragraph 1 – point e
4. In Article 4(1), point (e) is replaced by the following: "(e) securities offered, allotted or to be allotted to existing or former directors or employees by their employer or by an affiliated undertaking, provided that a document is made available containing information on the number and nature of the securities and the reasons for and details of the offer."deleted
2010/02/25
Committee: ECON
Amendment 136 #
Sari ESSAYAH
Proposal for a directive – amending act
Article 1 – point 6
Directive 2003/71/EC
Article 6 – paragraph 2 – second subparagraph
However, Member States shall ensure that no civil liability shall attach to any person solely on the basis of the summary, including any translation thereof, unless it is misleading, inaccurate or inconsistent, when read together with the other parts of the prospectus, and it does not provide key information enabling investors to take informed investment decisions and to compare the securities with other investment products.
2010/02/25
Committee: ECON
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