[ParlTrack]

Proposal for a directive
Recital 80 a (new)

(80a) In order for payment services to work smoothly and for the wider SEPA project to achieve its full potential, it is vital that all stakeholders and especially users, including consumers, are closely involved and can play a full role. While the establishment of the SEPA Governance Body represents a step forward to the governance of SEPA and further payment services, due to its improved representation of stakeholders, the decision-making on payment services is still biased towards the supply side and in particular European banks through the European Payments Council (EPC). Therefore, it is crucial that the Commission will review, inter alia, the composition of the EPC, the interaction between the EPC and an overarching governance structure, such as the EPA Council, and the role of this overarching structure. If the Commission assessment confirms the need for further initiatives to improve SEPA Governance, the Commission shall consider making proposals.

2014/01/28
Committee: ECON

Sven GIEGOLD

Proposal for a directive
Article 2 – paragraph 3 a (new)

3a. Article 1(2) of Regulation (EU) No 1093/2010 shall be replaced by the following text: 2.The Authority shall act within the powers conferred by this Regulation and within the scope of Directive 94/19/EC, Directive 2002/87/EC, Regulation (EC) No 1781/2006, Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (*), Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms (**), Directive 2014/XXX4/EC [PSD2] and, to the extent that those acts apply to credit and financial institutions and the competent authorities that supervise them, within the relevant parts of Directive 2002/65/EC, Directive 2005/60/EC […] and Directive 2009/110/EC, including all directives, regulations, and decisions based on those acts, and of any further legally binding Union act which confers tasks on the Authority. The Authority shall also act in accordance with Council Regulation (EU) No 1024/2013 (***).

2014/01/28
Committee: ECON

Sven GIEGOLD

Proposal for a directive
Article 25 – paragraph 2 a (new)

2a. The EBA shall have the mandate to start and promote binding mediation to settle disputes between competent authorities arising out of the exchange of information

2014/01/28
Committee: ECON

Sven GIEGOLD

Proposal for a directive
Article 82 – paragraph 2 a (new)

2a. The EBA shall have the mandate to start and promote binding mediation to settle disputes between competent authorities arising out of the exercise of the rights granted in this article.

2014/01/20
Committee: ECON

Sven GIEGOLD

Proposal for a directive
Title 5

DELEGATED ACTS AND TECHNICAL STANDARDS

2014/01/20
Committee: ECON

Sven GIEGOLD

Proposal for a directive
Article 93 a (new)

Article 93a Technical Standards The EBA shall provide a technical standard to specify the conditions of application of the own funds requirements in Articles 7 and 8 and of the safeguarding requirements in Article 9.

2014/01/20
Committee: ECON

Jean-Paul BESSET, Sven GIEGOLD

Proposal for a directive
Title 5 a (new)

ESTABLISHMENT AND FUNCTIONING OF A EUROPEAN RETAIL PAYMENT BOARD Article 94a Establishment and objective 1. A European Retail Payments Board (hereafter "the Board") shall be established. 2. The objective of the Board shall be to contribute to and facilitate the creation of an integrated, competitive and innovative market for retail payment in the EU with a special emphasis on retail payments in euro. It shall contribute to ensuring a level playing field for all market actors in retail payments, by helping to identify: a) technical, behavioural and legal obstacles in - but not limited to - (i) credit transfers (ii) direct debits (iii) card payments (iv) internet payments (v) mobile payments, and (vi) payments related horizontal issues. b) ways to address the obstacles under a); and c) ways to foster innovation, competition and integration in retail payments in the EU Article 94b Tasks of the Board The Board shall have the following tasks and contribute to; 1. identifying strategic or critical issues in the field of retail payments, suggesting work priorities to support the functioning of a Single Euro Payment Area(SEPA) and the integration of the European retail payments market and marking recommendations to the Commission and the European Central Bank(ECB) on how to address them; 2. providing input to the Commission and the ECB for the implementation of the suggested work priorities; 3. formulating the positions of the market actors in retail payments on strategic issues, including retail payments standardisation aspects; 4. providing advice to the Commission and the ECB in defining and implementing standardisations needs in the field of retail payments; 5. reconciling the interest of various stakeholders(supply and demand side) and facilitating the settlement of disagreements; 6. compiling retail payments market data available to members of the Board and sharing aggregated data on respective topics among the members and with the Commission and the ECB; and 7. responding to requests for consultations by the Commission or the ECB on any initiative that may be taken at Union level to address remaining obstacles to an integrated market in retail payments Article 94c Composition of the Board 1. The Commission and the ECB shall be invited to nominate the chairperson(s) of the Board. 2. The Board shall be composed of the following members; a) one representative of each relevant stakeholder category on the supply side of the market providing retail payment services to end users; and b) one representative of each relevant stakeholder category on the demand side of the market. 3. Representatives of the European System of Central Banks shall be invited to participate as observers, with a proportionate participation of National Central Banks from the euro area and non-euro area Member states. 4. The chairperson(s) shall appoint Board members and observers for a period of three years on the basis of proposals by relevant European stakeholder associations or organisations. 5. The chairperson(s) shall review the composition of the Board members every second year, aiming for a representative structure and taking market developments into account. The chairperson(s) may decide to admit further observers, if necessary. Article 94d Functioning of the Board 1. Decisions of the Board shall be taken among members on a consensus basis. 2. The Commission and the ECB shall agree on the practical arrangements for the functioning of the Board including its membership and chairmanship. That agreement shall also cover the rules of procedure and detailed practical arrangements necessary for the Board to fulfil its objective under Article 93aa) after consulting its members. 3. The Board shall report on its activities on an annual basis to the Commission and the ECB, which are invited to make this report available to the European Parliament and the Council. Article 94e [Sub-Committee]/"multi-stakeholder group" 1. For execution of its mandate, the Board may with the consent of the chairperson(s) establish sub-committees, "the multi-stakeholder group", for a limited period of time for specific clearly defined tasks. The tasks shall strictly be of an executive nature and entail technical work only. 2. The Board shall closely monitor and assess the work of its sub-committees, "the multi-stakeholder group". 3. The Board shall adopt rules of procedure for "the multi-stakeholder group" referred to in paragraph 2. Article 94f Review No later than after four years after the establishment of the Board, the Commission shall present to the European Parliament, The Council, the European Economic and Social Committee an evaluation report on the Boards efficiency and functioning, and were necessary, come forward with proposal for improvements.

2014/01/20
Committee: ECON

7 Amendments of Sven GIEGOLD related to 2013/0264(COD)

ParlTrack - 2011-2024