48 Amendments of Ramon TREMOSA i BALCELLS related to 2017/0230(COD)
Amendment 353 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a a (new)Regulation (EU) No 1093/2010
Article 1 – paragraph 1 – point 1 – point a a (new)Regulation (EU) No 1093/2010
Article 1 – paragraph 5 – subparagraph 1 – point f
(f) enhancing customer protection. Or. en(https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02010R1093-aa) in paragraph 5, point (f) is replaced by the following: "(f) enhancing customer protection to ensure that all customers are treated fairly by financial institutions." 20160112&from=EN)
Amendment 381 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point iii a (new)
Article 1 – paragraph 1 – point 5 – point a – point iii a (new)
Regulation (EU) No 1093/2010
Article 8 – paragraph 1 – point fa (new)
Article 8 – paragraph 1 – point fa (new)
(iiia) the following point (fa) is inserted: "(fa) to lead, together with competent authorities, back-testing assessments of internal models as well as benchmarking exercises on internal model outcomes with a view to analysing the range of undue variability of risk parameters as well as their predictive capacity, and, in that context, to issue guidelines and recommendations and to identify best practices, in order to strengthen consistency in the internal model outcomes; "
Amendment 387 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point iv b (new)
Article 1 – paragraph 1 – point 5 – point a – point iv b (new)
Regulation (EU) No 1093/2010
Article 8 – paragraph 1 – point i a (new)
Article 8 – paragraph 1 – point i a (new)
(ivb) the following point (ia) is inserted: "(ia) to coordinate enforcement activities among competent authorities; "
Amendment 401 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6 – point -a (new)
Article 1 – paragraph 1 – point 6 – point -a (new)
Regulation (EU) No 1093/2010
Article 9 – paragraph 1 – point aa (new)
Article 9 – paragraph 1 – point aa (new)
(-a) in paragraph 1, the following point (aa) is inserted: "(aa) coordinating mystery shopping activities of competent authorities;"
Amendment 408 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6 – point b a (new)
Article 1 – paragraph 1 – point 6 – point b a (new)
Regulation (EU) No 1093/2010
Article 9 – paragraph 5
Article 9 – paragraph 5
(ba) paragraph 5 is replaced by the following: "5. The Authority may temporarily prohibit or restrict certain financial activities and products that threaten to cause significant financial damage to customers or threaten the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Union in the cases specified and under the conditions laid down in the legislative acts referred to in Article 1(2) or, if so required, in the case of an emergency situation in accordance with and under the conditions laid down in Article 18. The Authority shall review the decision referred to in the first subparagraph at appropriate intervals and at least every 3 months. If the decision is not renewed after a 3three-month period, it shall automatically expire. A Member State may request the Authority to reconsider its decision. In that case, the Authority shall decide, in accordance with the procedure set out in the second subparagraph of Article 44(1), whether it maintains its decision. The Authority may also assess the need to prohibit or restrict certain types of financial activity and, where there is such a need, inform the Commission in order to facilitate the adoption of any such prohibition or restriction. "
Amendment 504 #
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Regulation (EU) No 1093/2010
Article 29a – paragraph 1 – subparagraph 1
Article 29a – paragraph 1 – subparagraph 1
Competent authorities shall identify and inform the Authority about supervisory activities which should be prioritised in order to address relevant micro-prudential trends, potential risks and vulnerabilities. Upon the entry into application of Regulation [XXX insert reference to amending Regulation] and every three years thereafter by 31 March, based on the contributions from competent authorities, the Authority shall issue a recommendation addressed to competent authorities, laying down supervisory strategic objectives and priorities ("Strategic Supervisory Plan") and, taking into account any contributions from competent authorities,. The Authority shall transmit the Strategic Supervisory Plan for information to the European Parliament, the Council and the Commission and shall make it public on its website.
Amendment 596 #
Proposal for a regulation
Article 1 – paragraph 1 – point 17 – point a
Article 1 – paragraph 1 – point 17 – point a
Regulation (EU) 1093/2010
Article 33 – paragraph 2
Article 33 – paragraph 2
2. The Authority shall systematically assist the Commission in preparing equivalence decisions pertaining to regulatory and supervisory regimes in third countries following a specific request for advice from the Commission or where required to do so by the acts referred to in Article 1(2).;
Amendment 662 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point -a (new)Regulation (EU) No 1093/2010
Article 1 – paragraph 1 – point 22 – point -a (new)Regulation (EU) No 1093/2010
Article 37 – paragraph 3
(-a) paragraph 3, is replaced by the following: “3. The members of the Banking Stakeholder Group shall be appointed by the Board of Supervisors, following proposals from the relevant stakeholders. In making its decision, the Board of Supervisors shall, to the extent possible, ensure an appropriate geographical and gender balance and representation of stakeholders across the Union. The selection process should be fully transparent.”
Amendment 665 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point a
Article 1 – paragraph 1 – point 22 – point a
Regulation (EU) No 1093/2010
Article 37 – paragraph 4 – subparagraph 1
Article 37 – paragraph 4 – subparagraph 1
(a) in paragraph 4, the last sentence of the first subparagraph is replaced by the following:subparagraph 1 is replaced by the following: 4. The Authority shall provide all necessary information subject to professional secrecy as set out in Article 70 and ensure adequate secretarial support for the Banking Stakeholder Group. Adequate compensation shall be provided to members of the Banking Stakeholder Group representing non-profit organisations, excluding industry representatives. This compensation shall take into account the members' preparatory and follow-up work and shall be at least equivalent to the reimbursement rates of officials pursuant to Title V, Chapter 1, Section 2 of the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68 (1) (Staff Regulations). The Banking Stakeholder Group may establish working groups on technical issues. Members of the Banking Stakeholder Group shall serve for a period of fourive years, following which a new selection procedure shall take place.;
Amendment 674 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point b a (new)Regulation (EU) No 1093/2010
Article 1 – paragraph 1 – point 22 – point b a (new)Regulation (EU) No 1093/2010
Article 37 – paragraph 7
(b a) paragraph 7 is replaced by the following: “7. The Authority shall make public the opinions and advice of the Banking Stakeholder Group and the results of its consultations. as well as how these opinions, advice and results of consultations were taken into account by the Authority.”
Amendment 712 #
Proposal for a regulation
Article 1 – paragraph 1 – point 28 – point –a (new)
Article 1 – paragraph 1 – point 28 – point –a (new)
Regulation (EU) No 1093/2010
Article 44 – paragraph 1 – subparagraph 1
Article 44 – paragraph 1 – subparagraph 1
(-a) in paragraph 1, subparagraph 1 is replaced by the following: “1. Decisions of the Board of Supervisors shall be taken by a simple majority of its members. Each member shall have one vote. In the event of a tie, the Chairperson shall have a casting vote.”
Amendment 714 #
Proposal for a regulation
Article 1 – paragraph 1 – point 28 – point a
Article 1 – paragraph 1 – point 28 – point a
Regulation (EU) No 1093/2010
Article 44 – paragraph 1 – subparagraph 2
Article 44 – paragraph 1 – subparagraph 2
With regard to the acts specified in Articles 10 to 16 and measures and decisions adopted under the third subparagraph of Article 9(5) and the last subparagraph of Article 9(56) and Chapter VI and by way of derogation from the first subparagraph of this paragraph, the Board of Supervisors shall take decisions on the basis of a qualified majority of its members, as defined in Article 16(4) of the Treaty on European Union, which shall include at least a simple majority of the members, present at the vote, from competent authorities of Member States that are participating Member States as defined in point 1 of Article 2 of Regulation (EU) No 1024/2013 (participating Member States) and a simple majority of the members, present at the vote, from competent authorities of Member States that are not participating Member States as defined in point 1 of Article 2 of Regulation (EU) No 1024/2013 (non-participating Member States).
Amendment 731 #
Proposal for a regulation
Article 1 – paragraph 1 – point 30
Article 1 – paragraph 1 – point 30
Regulation (EU) No 1093/2010
Article 45 – paragraph 2 – subparagraph 1
Article 45 – paragraph 2 – subparagraph 1
The full time members shall be selected on the basis of merit, skills, knowledge of financial institutions and markets, and experience relevant to financial supervision and regulation. The full time members shall have extensive management experience. At least one of the full time members should during the three years prior to being appointed not have been employed by a competent authority. The selection shall be based on an open call for candidates, to be published in the Official Journal of the European Union, following which the Commission shall draw up a shortlist of qualified candidates.
Amendment 756 #
Proposal for a regulation
Article 1 – paragraph 1 – point 31
Article 1 – paragraph 1 – point 31
Regulation (EU) No 1093/2010
Article 45a – paragraph 4 – subparagraph 2
Article 45a – paragraph 4 – subparagraph 2
The Executive Board shall meet prior to every meeting of the Board of Supervisors and as often as the Executive Board deems necessary. It shall meet at least five24 times a year.
Amendment 838 #
Proposal for a regulation
Article 1 – paragraph 1 – point 43 – point a a (new)Regulation (EU) No 1093/2010
Article 1 – paragraph 1 – point 43 – point a a (new)Regulation (EU) No 1093/2010
Article 62 – pararagraph 1a (new)
(a a) the following paragraph 1a is inserted: 1a. The revenue received by the Authority shall not compromise its independence or objectivity.
Amendment 870 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
Regulation (EU) 1094/2010
Article 1 – paragraph 6 – point f
Article 1 – paragraph 6 – point f
Amendment 877 #
Proposal for a regulation
Article 2 – paragraph 1 – point 5 – point a – point iii a (new)
Article 2 – paragraph 1 – point 5 – point a – point iii a (new)
Regulation (EU) No 1094/2010
Article 8 –paragraph 1 – point i a (new)
Article 8 –paragraph 1 – point i a (new)
(iiia) the following point (ia) is inserted: “(ia) to coordinate enforcement activities among competent authorities;”
Amendment 888 #
Proposal for a regulation
Article 2 – paragraph 1 – point 6 – point d a (new)
Article 2 – paragraph 1 – point 6 – point d a (new)
Regulation (EU) No 1094/2010
Article 9 – paragraph 5 – subparagraph 1
Article 9 – paragraph 5 – subparagraph 1
(da) in paragraph 5, subparagraph 1 is replaced by the following: ‘5. The Authority may temporarily prohibit or restrict certain financial activities and products that threaten to cause significant financial damage to customers or threaten the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Union in the cases specified and under the conditions laid down in the legislative acts referred to in Article 1(2) or, if so required, in the case of an emergency situation in accordance with and under the conditions laid down in Article 18.’
Amendment 908 #
Proposal for a regulation
Article 2 – paragraph 1 – point 11 a (new)
Article 2 – paragraph 1 – point 11 a (new)
Regulation (EU) No 1094/2010
Article 22 – paragraph 4 – subparagraph 1
Article 22 – paragraph 4 – subparagraph 1
(11a) In Article 22, subparagraph 1 of paragraph 4 is replaced by the following: ‘4. Upon a request from one or more competent authorities, the European Parliament, the Council, including at the request of one or several Member States, or the Commission, or on its own initiative, the Authority may conduct an inquiry into a particular type of financial institution or type of product or type of conduct in order to assess potential threats to the stability of the financial system, or to the protection of policyholders, pension scheme members and beneficiaries, and make appropriate recommendations for action to the competent authorities concerned.’
Amendment 920 #
Proposal for a regulation
Article 2 – paragraph 1 – point 14
Article 2 – paragraph 1 – point 14
Regulation (EU) No 1094/2010
Article 29 a – paragraph 1 – subparagraph 1
Article 29 a – paragraph 1 – subparagraph 1
1. Competent authorities shall identify and inform the Authority about supervisory activities which should be prioritised in order to address relevant micro-prudential trends, potential risks and vulnerabilities. Upon the entry into application of Regulation [XXX insert reference to amending Regulation] and every three years thereafter by 31 March, based on the contributions from competent authorities, the Authority shall issue a recommendation addressed to competent authorities, laying down supervisory strategic objectives and priorities ("Strategic Supervisory Plan") and, taking into account any contributions from competent authorities,. The Authority shall transmit the Strategic Supervisory Plan for information to the European Parliament, the Council and the Commission and shall make it public on its website.
Amendment 925 #
Proposal for a regulation
Article 2 – paragraph 1 – point 15 a (new)
Article 2 – paragraph 1 – point 15 a (new)
Regulation (EU) No 1094/2010
Article 31 – paragraph 1
Article 31 – paragraph 1
(15a) in Article 31, paragraph 1 is replaced by the following: The Authority shall fulfil a general coordination role between competent authorities, in particular in situations where adverse developments could potentially jeopardise the orderly functioning and integrity of financial markets or the stability of the financial system or the protection of policyholders, pension scheme members and beneficiaries in the Union.
Amendment 927 #
Proposal for a regulation
Article 2 – paragraph 1 – point 15 a (new)
Article 2 – paragraph 1 – point 15 a (new)
Regulation (EU) No 1094/2010
Article 31 – paragraph 2 – point e
Article 31 – paragraph 2 – point e
(e) taking all appropriate measures15a) In Article 31, point (e) of paragraph 2 is replaced by the following: (e) taking all appropriate measures, including, upon a request from the competent authorities or on its own initiative, setting up and coordinate the activity or functioning of collaboration platforms as referred to in Article 31c in case of developments which may jeopardise the functioning of the financial markets with a view to facilitating the coordination of actions undertaken by relevant competent authorities;
Amendment 936 #
Proposal for a regulation
Article 2 – paragraph 1 – point 17 a (new)
Article 2 – paragraph 1 – point 17 a (new)
Regulation (EU) No 1094/2010
Article 31 b (new)
Article 31 b (new)
(17a) The following Article 31b is inserted: ‘Article 31b Early coordination on cross border activities 1. The competent authorities of the home Member State shall inform the competent authorities of the host Member(s) State(s) concerned and the Authority if the competent authorities of the home Member State intend to carry out an authorization related to a financial institution which is under their supervision in accordance with the acts referred to in Article 1(2), where the business plan of the financial institution entails that significant parts of its activities will be done on a cross-border basis. 2. Such information shall be provided without delay to the competent authorities of the host Member(s) State(s) concerned and the Authority, and prior to the formal notifications provided in the acts referred to in Article1(2), so as to allow the competent authorities of the host Member(s) State(s)to express their views on this request. 3. When the competent authorities of a Member State identify an event deteriorating the solvency position, financial condition or organizational structure of a financial institution that may have a cross-border effect, they shall notify the Authority and the competent authorities of the host Member States concerned. 4. In case of incorrect implementation of paragraphs 1, 2 or 3, the authorities of the home Member State or of the host Member State(s) may refer the matter to EIOPA and request its assistance in accordance with Article 19.’
Amendment 937 #
Proposal for a regulation
Article 2 – paragraph 1 – point 17 b (new)
Article 2 – paragraph 1 – point 17 b (new)
Regulation (EU) No 1094/2010
Article 31c (new)
Article 31c (new)
Amendment 950 #
Proposal for a regulation
Article 2 – paragraph 1 – point 25 – point -a (new)
Article 2 – paragraph 1 – point 25 – point -a (new)
Regulation (EU) No 1094/2010
Article 37 – paragraph 4
Article 37 – paragraph 4
(-a) paragraph 4 is replaced by the following: ‘4. The members of the Stakeholder Groups shall be appointed by the Board of Supervisors, following proposals from the relevant stakeholders. In making its decision, the Board of Supervisors shall, to the extent possible, ensure an appropriate geographical and gender balance and representation of stakeholders across the Union. The selection process should be fully transparent.’
Amendment 952 #
Proposal for a regulation
Article 2 – paragraph 1 – point 25 – point a
Article 2 – paragraph 1 – point 25 – point a
Regulation (EU) No 1094/2010
Article 37 – paragraph 5 – subparagraph 1
Article 37 – paragraph 5 – subparagraph 1
5. The Authority shall provide all necessary information subject to professional secrecy as set out in Article 70 and ensure adequate secretarial support for the Stakeholder Groups. Adequate compensation shall be provided to members of the Stakeholder Groups representing non-profit organisations, excluding industry representatives. Members of the Insurance and Reinsurance Stakeholder Group and of the Occupational PensionsThis compensation shall take into account the members' preparatory and follow-up work and shall be at least equivalent to the reimbursement rates of officials pursuant to Title V, Chapter 1, Section 2 of the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68 (1) (Staff Regulations). The Stakeholder Groups may establish working groups on technical issues. Members of the Stakeholder Groups shall serve for a period of fourive years, following which a new selection procedure shall take place.
Amendment 953 #
Proposal for a regulation
Article 2 – paragraph 1 – point 25 – point b a (new)
Article 2 – paragraph 1 – point 25 – point b a (new)
Regulation (EU) No 1094/2010
Article 37 – paragraph 8
Article 37 – paragraph 8
(ba) paragraph 8 is replaced by the following: ‘8. The Authority shall make public the opinions and advice of the Stakeholder Groups and the results of their consultations. as well as how these opinions, advice and results of consultations were taken into account by the Authority.’
Amendment 958 #
Proposal for a regulation
Article 2 – paragraph 1 – point 31 – point -a (new)
Article 2 – paragraph 1 – point 31 – point -a (new)
Regulation (EU) No 1094/2010
Article 44 – paragraph 1 – subparagraphs 1 and 2
Article 44 – paragraph 1 – subparagraphs 1 and 2
(-a) in paragraph 1, subparagraphs 1 and 2 are replaced by the following: ‘1. Decisions of the Board of Supervisors shall be taken by a simple majority of its members. Each member shall have one vote. In the event of a tie, the Chairperson shall have a casting vote. With regard to the acts specified in Articles 10 to 16 and measures and decisions adopted under the third subparagraph of Article 9(5) and the last subparagraph of Article 9(6) and Chapter VI and by way of derogation from the first subparagraph of this paragraph, the Board of Supervisors shall take decisions on the basis of a qualified majority of its members, as defined in Article 16(4) of the Treaty on European Union and in Article 3 of the Protocol (No 36) on transitional provisions.’
Amendment 965 #
Proposal for a regulation
Article 2 – paragraph 1 – point 33
Article 2 – paragraph 1 – point 33
Regulation (EU) No 1094/2010
Article 45 – paragraph 2 – subparagraph 1
Article 45 – paragraph 2 – subparagraph 1
2. The full time members shall be selected on the basis of merit, skills, knowledge of financial institutions and markets, and experience relevant to financial supervision and regulation. The full time members shall have extensive management experience. At least one of the full time members should during the three years prior to being appointed not have been employed by a competent authority. The selection shall be based on an open call for candidates, to be published in the Official Journal of the European Union, following which the Commission shall draw up a shortlist of qualified candidates.
Amendment 969 #
Proposal for a regulation
Article 2 – paragraph 1 – point 34
Article 2 – paragraph 1 – point 34
Regulation (EU) No 1094/2010
Article 45 a – paragraph 4 – subparagraph 2
Article 45 a – paragraph 4 – subparagraph 2
The Executive Board shall meet prior to every meeting of the Board of Supervisors and as often as the Executive Board deems necessary. It shall meet at least five24 times a year.
Amendment 973 #
Proposal for a regulation
Article 2 – paragraph 1 – point 46 – point a a (new)
Article 2 – paragraph 1 – point 46 – point a a (new)
Regulation (EU) No 1094/2010
Article 62 – paragraph 1 a (new)
Article 62 – paragraph 1 a (new)
(aa) the following paragraph 1a is inserted: 1a. The revenue received by the Authority shall not compromise its independence or objectivity.
Amendment 974 #
Proposal for a regulation
Article 2 – paragraph 1 – point 46 – point a b (new)
Article 2 – paragraph 1 – point 46 – point a b (new)
Regulation (EU) No 1094/2010
Article 62 – paragraph 4 – subparagraph 1 a (new)
Article 62 – paragraph 4 – subparagraph 1 a (new)
(ab) in paragraph 4, the following subparagraph is added: Estimates shall be based on the objectives and the expected results of the annual work programme referred to in Article 47(2) and shall take into account the financial resources necessary to achieve those objectives and expected results, in accordance with the principle of performance based budgeting.
Amendment 982 #
Proposal for a regulation
Article 3 – paragraph 1 – point 1 – point b a (new)
Article 3 – paragraph 1 – point 1 – point b a (new)
Regulation (EU) No 1095/2010
Article 1 – paragraph 5 – subparagraph 1 – point f
Article 1 – paragraph 5 – subparagraph 1 – point f
(f) enhancing customer protection.ba) in paragraph 5, subparagraph 1, point (f) is replaced by the following: "(f) enhancing customer protection to ensure that all customers are treated fairly by financial institutions."
Amendment 985 #
Proposal for a regulation
Article 3 – paragraph 1 – point 5 – point a – point iii a (new)
Article 3 – paragraph 1 – point 5 – point a – point iii a (new)
Regulation (EU) No 1095/2010
Article 8 –paragraph 1 – points i a (new), i b (new) and i c (new)
Article 8 –paragraph 1 – points i a (new), i b (new) and i c (new)
(iiia) the following points (ia), (ib), and (ic) are inserted: ‘(ia) to contribute to the design of a common EU financial data strategy with a view to streamlining the collection, reporting, transfer and usage of data by or to the Authority, competent authorities and third country authorities; (ib) to coordinate enforcement activities among competent authorities; (ic) to publish and maintain databases and tools as laid down in the Regulation of the European Parliament and of the Council on facilitating cross-border distribution of collective investment undertakings and amending Regulations (EU) No 345/2013 and (EU) No 346/2013;’
Amendment 992 #
Proposal for a regulation
Article 3 – paragraph 1 – point 6 – point c a (new)
Article 3 – paragraph 1 – point 6 – point c a (new)
Regulation (EU) No 1095/2010
Article 9 – paragraph 5 – subparagraph 1
Article 9 – paragraph 5 – subparagraph 1
(ca) paragraph 5 is replaced by the following: ‘5. The Authority may temporarily prohibit or restrict certain financial activities and products that threaten to cause significant financial damage to customers or threaten the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the Union in the cases specified and under the conditions laid down in the legislative acts referred to in Article 1(2) or if so required in the case of an emergency situation in accordance with and under the conditions laid down in Article 18.’
Amendment 1021 #
Proposal for a regulation
Article 3 – paragraph 1 – point 12
Article 3 – paragraph 1 – point 12
Regulation (EU) No 1095/2010
Article 29 a – paragraph 1 – subparagraph 1
Article 29 a – paragraph 1 – subparagraph 1
1. Competent authorities shall identify and inform the Authority about supervisory activities that should be prioritised in order to address relevant micro-prudential trends, potential risks and vulnerabilities. Upon the entry into application of Regulation [XXX insert reference to amending Regulation] and every three years thereafter by 31 March, based on the contributions from competent authorities, the Authority shall issue a recommendation addressed to competent authorities, laying down supervisory strategic objectives and priorities ("Strategic Supervisory Plan") and, taking into account any contributions from competent authorities,. The Authority shall transmit the Strategic Supervisory Plan for information to the European Parliament, the Council and the Commission and shall make it public on its website.
Amendment 1050 #
Proposal for a regulation
Article 3 – paragraph 1 – point 18 – point a
Article 3 – paragraph 1 – point 18 – point a
Regulation (EU) No 1095/2010
Article 33 – paragraph 2
Article 33 – paragraph 2
2. The Authority shall systematically assist the Commission in preparing equivalence decisions pertaining to regulatory and supervisory regimes in third countries following a specific request for advice from the Commission or where required to do so by the acts referred to in Article 1(2).;
Amendment 1063 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point -a (new)
Article 3 – paragraph 1 – point 23 – point -a (new)
Regulation (EU) No 1095/2010
Article 37 – paragraph 3
Article 37 – paragraph 3
(-a) paragraph 3 is replaced by the following: 3. The members of the Securities and Markets Stakeholder Group shall be appointed by the Board of Supervisors, following proposals from the relevant stakeholders. In making its decision, the Board of Supervisors shall, to the extent possible, ensure an appropriate geographical and gender balance and representation of stakeholders across the Union. The selection process should be fully transparent.
Amendment 1064 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point a
Article 3 – paragraph 1 – point 23 – point a
Regulation (EU) No 1095/2010
Article 37 – paragraph 4 – subparagraph 1
Article 37 – paragraph 4 – subparagraph 1
(a) in paragraph 4 the last sentence of the first subparagraph is replaced by the following:, subparagraph 1 is replaced by the following: 4. The Authority shall provide all necessary information, subject to professional secrecy, as set out in Article 70, and ensure adequate secretarial support for the Securities and Markets Stakeholder Group. Adequate compensation shall be provided to members of the Securities and Markets Stakeholder Group that are representing non-profit organisations, excluding industry representatives. This compensation shall take into account the members' preparatory and follow-up work and shall be at least equivalent to the reimbursement rates of officials pursuant to Title V, Chapter 1, Section 2 of the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68 (1) (Staff Regulations). The Securities and Markets Stakeholder Group may establish working groups on technical issues. Members of the Securities and Markets Stakeholder Group shall serve for a period of fourive years, following which a new selection procedure shall take place.;
Amendment 1066 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point b a (new)
Article 3 – paragraph 1 – point 23 – point b a (new)
Regulation (EU) No 1095/2010
Article 37 – paragraph 7
Article 37 – paragraph 7
Amendment 1073 #
Proposal for a regulation
Article 3 – paragraph 1 – point 30 – point -a (new)
Article 3 – paragraph 1 – point 30 – point -a (new)
Regulation (EU) No 1095/2010
Article 44 – paragraph 1 – subparagraph 1
Article 44 – paragraph 1 – subparagraph 1
(-a) in paragraph 1, subparagraph 1 is replaced by the following ‘1. Decisions of the Board of Supervisors shall be taken by a simple majority of its members. Each member shall have one vote. In the event of a tie, the Chairperson shall have a casting vote.’
Amendment 1074 #
Proposal for a regulation
Article 3 – paragraph 1 – point 30 – point -a a (new)
Article 3 – paragraph 1 – point 30 – point -a a (new)
Regulation (EU) No 1095/2010
Article 44 – paragraph 1 – subparagraph 2
Article 44 – paragraph 1 – subparagraph 2
(-aa) in paragraph 1, subparagraph 2 is replaced by the following: ‘With regard to the acts specified in Articles 10 to 16 and measures and decisions adopted under the third subparagraph of Article 9(5) and the last subparagraph of Article 9(6) and Chapter VI and by way of derogation from the first subparagraph of this paragraph, the Board of Supervisors shall take decisions on the basis of a qualified majority of its members, as defined in Article 16(4) of the Treaty on European Union and in Article 3 of the Protocol (No 36) on transitional provisions.’
Amendment 1081 #
Proposal for a regulation
Article 3 – paragraph 1 – point 32
Article 3 – paragraph 1 – point 32
Regulation (EU) No 1095/2010
Article 45 – paragraph 2 – subparagraph 1
Article 45 – paragraph 2 – subparagraph 1
The full time members shall be selected on the basis of merit, skills, knowledge of financial market participants and markets, and experience relevant to financial supervision and regulation. The full time members shall have extensive management experience. At least one of the full time members should during the three years prior to being appointed not have been employed by a competent authority. The selection shall be based on an open call for candidates, to be published in the Official Journal of the European Union, following which the Commission shall draw up a shortlist of qualified candidates.
Amendment 1086 #
Proposal for a regulation
Article 3 – paragraph 1 – point 33
Article 3 – paragraph 1 – point 33
Regulation (EU) No 1095/2010
Article 45 a – paragraph 4 – subparagraph 2
Article 45 a – paragraph 4 – subparagraph 2
The Executive Board shall meet prior to every meeting of the Board of Supervisors and as often as the Executive Board deems necessary. It shall meet at least five24 times a year.
Amendment 1097 #
Proposal for a regulation
Article 3 – paragraph 1 – point 46 – point a a (new)
Article 3 – paragraph 1 – point 46 – point a a (new)
Regulation (EU) No 1095/2010
Article 62 – paragraph 1 a (new)
Article 62 – paragraph 1 a (new)
(aa) the following paragraph 1a is inserted: ‘1a. The revenue received by the Authority shall not compromise its independence or objectivity.’
Amendment 1098 #
Proposal for a regulation
Article 3 – paragraph 1 – point 46 – point a b (new)
Article 3 – paragraph 1 – point 46 – point a b (new)
Regulation (EU) No 1095/2010
Article 62 – paragraph 4 – subparagraph 1 a (new)
Article 62 – paragraph 4 – subparagraph 1 a (new)
(ab) in paragraph 4, the following subparagraph is added: ‘Estimates shall be based on the objectives and the expected results of the annual work programme referred to in Article 47(2) and shall take into account the financial resources necessary to achieve those objectives and expected results, in accordance with the principle of performance based budgeting.’
Amendment 1177 #
Proposal for a regulation
Article 9 – paragraph 1 – point 10
Article 9 – paragraph 1 – point 10
Regulation (EU) 2017/1129
Article 31a – paragraph 1 – point a
Article 31a – paragraph 1 – point a
(a) prospectuses drawn up by any legal entity or person established in the Union and relating to the admission to trading on a regulated market of non-equity securities, which are to be traded only on a regulated market, or a specific segment thereof, to which only qualified investors can have access fose denomination per unit amounts to at least EUR 100000, to trading on regulated markets in more the purposes of trading such securities;an one Member State;
Amendment 1178 #
Proposal for a regulation
Article 9 – paragraph 1 – point 10
Article 9 – paragraph 1 – point 10
Regulation (EU) 2017/1129
Article 31a – paragraph 1 – point b
Article 31a – paragraph 1 – point b
(b) prospectuses drawn up by any legal entity or person established in the Union and relating to the trading of asset backed securities in more than one Member State;