8 Amendments of Sven GIEGOLD related to 2011/0296(COD)
Amendment 697 #
Proposal for a regulation
Article 31 a (new)
Article 31 a (new)
Article 31 a Approved products for retail clients ESMA may establish criteria for certain products approved suitable for retail clients, to ensure sufficient supply for retail customers of easily understandable financial products at low costs.
Amendment 699 #
Proposal for a regulation
Article 31 b (new)
Article 31 b (new)
Article 31b Non-discriminatory access to financial products for independent intermediaries Financial products shall be made available to all intermediaries on equal terms by their issuers.
Amendment 708 #
Proposal for a regulation
Article 32 – paragraph 2 – subparagraph 1 – point a a (new)
Article 32 – paragraph 2 – subparagraph 1 – point a a (new)
Amendment 710 #
Proposal for a regulation
Article 32 – paragraph 2 – subparagraph 1 – point e
Article 32 – paragraph 2 – subparagraph 1 – point e
Amendment 713 #
Proposal for a regulation
Article 32 – paragraph 3 – introductory part
Article 32 – paragraph 3 – introductory part
3. The competent authority shall not take action under this Article unless, not less than one month before it takes the action, it has notified all other competent authorities and ESMA in writing of details of:
Amendment 715 #
Proposal for a regulation
Article 32 – paragraph 3 – point c
Article 32 – paragraph 3 – point c
Amendment 717 #
Proposal for a regulation
Article 32 – paragraph 3 a (new)
Article 32 – paragraph 3 a (new)
3a. When the time needed by the consultation foreseen by paragraph 2 (c) and the one month delay foreseen by paragraph 3 could cause irreversible damage to consumers, the competent authority may take action under this Article on a temporary basis not exceeding three months. In that case, at the same time it takes action, the competent authority informs all other authorities and ESMA.
Amendment 722 #
Proposal for a regulation
Article 33 – paragraph 1
Article 33 – paragraph 1
1. ESMA shall perform a facilitation and coordination role in relation to action taken by competent authorities under Article 32. In particular ESMA shall ensure that action taken by a competent authority is justified and proportionate and that where appropriate a consistent approach is taken by competent authorities.