5 Amendments of Herbert DORFMANN related to 2009/0099(COD)
Amendment 76 #
Proposal for a directive – amending act
Recital 4 a (new)
Recital 4 a (new)
(4a) This Directive lays down core principles on remuneration policy. Those principles should be applied in a manner that is proportionate to the nature, scope, complexity and riskiness of the activities and the size and internal structure of the credit institution or investment firm concerned. This Directive should not preclude Member States from adopting stricter or additional requirements to credit institutions and investment firms which are significant in terms of their size, internal organisation and the nature, the scope and the complexity of their activities or from adopting more stringent national measures taken in the context of financial support for specific banks.
Amendment 155 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directive 2006/48/EC
Annex V – section 11 – point 22 – introductory part
Annex V – section 11 – point 22 – introductory part
22. When establishing and applying the remuneration policies for those categories of staff whose professional activities have a material impact on their risk profile, credit institutions shall comply with the following principles in a way and to the extent that is appropriate to their size, internal organisation and the nature, the scope and the complexity of their activities:
Amendment 183 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directive 2006/48/EC
Annex V – section 11 – point 22 – point i
Annex V – section 11 – point 22 – point i
(i) payment of the major part of aa substantial proportion of bonus if significant bonus is deferred for an appropriate period and is linked to the future performance of the firm. over a sufficient period; the size of the deferred proportion and the length of the deferral period is established in accordance with the business cycle, the nature of the business, its risks and the activities of the member of staff in question; remuneration payable under deferral arrangements vests no faster than on a pro-rata basis; at least 60 % of significant bonus is deferred and the deferral period is no less than three years.
Amendment 202 #
Proposal for a directive – amending act
Annex I – point 4 – point c
Annex I – point 4 – point c
Directive 2006/48/EC
Annex XII – part 2 – point 15– introductory part
Annex XII – part 2 – point 15– introductory part
15. The following information, including regular updates no less frequently than annually, shall be disclosed to the public regarding the remuneration policy and practices of the credit institution for those categories of staff whose professional activities have a material impact on their risk profileits risk profile. Credit institutions shall comply with the requirements set out in this point in a way that is appropriate to their size, internal organisation and the nature, scope and complexity of their activities and be without prejudice to Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with the regard to the processing of personal data and the free movement of such data:
Amendment 204 #
Proposal for a directive – amending act
Annex I – point 4 – point c
Annex I – point 4 – point c
Directive 2006/48/EC
Annex XII – part 2 – point 15– point e a (new)
Annex XII – part 2 – point 15– point e a (new)
"(ea) aggregate quantitative information on remuneration, broken down by business area any by senior management and members of staff whose actions have a material impact on the risk profile of the credit institution. To this end, credit institutions that are significant in terms of their size, internal organisation and the nature, the scope and the complexity of their activities shall indicate the following information: (i) amounts of remuneration for the financial year, split into fixed and variable remuneration, and number of beneficiaries; (ii) amounts and form of variable remuneration, split into cash, shares and share-linked instruments and other; (iii) amounts of outstanding deferred remuneration, split into vested and unvested portions; (iv) the amounts of deferred remuneration awarded during the financial year, paid out and reduced through performance adjustments; (v) new sign-on and severance payments made during the financial year, and number of beneficiaries of such payments; and (vi) the amounts of severance payments awarded during the financial year, number of beneficiaries, and highest such award to a single person. In the case of directors of the credit institution the quantitative information referred to in this point shall also be made available to the public at the level of the individual director."