[ParlTrack]

Plenary speeches (3)

2016/11/22
Dossiers: 2013/0314(COD)

Amendments (2)

Proposal for a regulation
Article 18

1. Where a supervised entity intends to enter into a financial contract with a consumer, that supervised entity shall first obtain the necessary information regarding the consumer's knowledge and experience with respect to the benchmark, his financial situation and his objectives in respect of that financial contract, and the benchmark statement published in accordance with Article 15 and shall assess whether referencing the financial contract to that benchmark is suitable for him. 2. Where the supervised entity considers, on the basis of the assessment under paragraph 1, that the benchmark is not suitable for the consumer, the supervised entity shall warn the consumer in writing with reasons.Article 18 deleted Assessment of suitability

2015/01/23
Committee: ECON

Ildikó GÁLL-PELCZ

Proposal for a regulation
Article 19 – paragraph 1

A supervised entity may use a benchmark in the Union as a reference in a financial instrument or financial contract or to measure the performance of an investment fund, i~~f it is provided by an administrator authorised in accordance with Article 23 or an~~n which connection non-objective benchmarks must be provided by an administrator covered by the authorisation requirement in accordance with Article 22. A supervised entity may also use objective benchmarks produced by a registered administrator located in a third country ~~that is registered in accordance with Article 21~~if the administrator in question declares to the competent authority that the benchmarks are consistent with the IOSCO Principles for Financial Benchmarks of 17 July 2013.

2015/01/23
Committee: ECON

Activities of Ildikó GÁLL-PELCZ related to 2013/0314(COD)

Plenary speeches (3)

Amendments (2)

ParlTrack - 2011-2024