5 Amendments of Herbert DORFMANN related to 2011/0298(COD)
Amendment 285 #
Proposal for a directive
Recital 51 a (new)
Recital 51 a (new)
(51a) In particular, Member States should ensure that investment firms assess a general consistency of the financial instruments distributed (especially when directly designed), with due regard to their characteristics against the characteristics and needs of the potential target group of clients to whom these instruments are being addressed. Moreover, Member States should require that investment firms take reasonable steps to ensure that the sale and distribution policy is consistent with the suitability and appropriateness assessment rules.
Amendment 512 #
Proposal for a directive
Article 9 – paragraph 1 – introductory part
Article 9 – paragraph 1 – introductory part
1. Member States shall require that all members of the management body of any investment firm shall at all times be of sufficiently good repute, possess sufficient knowledge, skills and experience and commit sufficient time to perform their duties. Considering the nature and complexity of the investment firm and its activities, Member States shall ensure that members of the management body shall, in particular, fulfil the following requirements:
Amendment 685 #
Proposal for a directive
Article 24 – paragraph 1 a (new)
Article 24 – paragraph 1 a (new)
1 a. Member States shall ensure that investment firms assess a general consistency of the financial instruments distributed, especially when directly designed, with due regard to their characteristics, against the characteristics and needs of the potential target group of clients to whom these instruments are being addressed. This assessment takes into account the full customer protection offered by an issuer which is member of an institutional protection scheme as defined in Article 80(8) of the Directive 2006/48/EC. Moreover, Member States shall require that investment firms take reasonable steps to ensure that the sale and distribution policy is consistent with suitability and appropriateness assessment rules.
Amendment 834 #
Proposal for a directive
Article 25 – paragraph 5 a (new)
Article 25 – paragraph 5 a (new)
5 a. Taking into account the type and complexity of financial instruments and the nature of the service involved, Member States shall allow investment firms to provide yearly communications to clients by a standardized form.
Amendment 1132 #
Proposal for a directive
Article 59 – paragraph 2 a (new)
Article 59 – paragraph 2 a (new)
2 a. Member States shall ensure that regulated markets, operators of MTFs and OTFs which admit to trading or trade commodity derivatives manage their markets where applicable in such a way as to ensure convergence between derivatives and cash markets in the delivery month.