Awaiting committee decision
Role | Committee | Rapporteur | Shadows |
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Lead | CONT | STAES Bart (Verts/ALE) | SARVAMAA Petri (EPP), LIBERADZKI Bogusław (S&D), ALI Nedzhmi (ALDE), DE JONG Dennis (GUE/NGL), VALLI Marco (EFD), KAPPEL Barbara (ENF) |
Opinion | ECON | SWINBURNE Kay (ECR) |
Activites
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2017/09/13
Committee referral announced in Parliament, 1st reading/single reading
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2017/06/26
Non-legislative basic document published
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COM(2017)0365
summary
PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2016, as part of the 2016 discharge procedure. Analysis of the accounts of the European Securities and Markets Authority (ESMA). CONTENT: the organisational governance of the EU consists of institutions, agencies and other EU bodies whose expenditure is included in the general budget of the Union. This Commission document concerns the EU's consolidated accounts for the year 2016 and details how spending by the EU institutions and bodies was carried out. The consolidated annual accounts of the EU provide financial information on the activities of the institutions, agencies and other bodies of the EU from an accrual accounting and budgetary perspective. It is the responsibility of the Commission's Accounting Officer to prepare the EU's consolidated annual accounts and ensure that they present fairly, in all material aspects, the financial position, the result of the operations and the cash flows of the EU institutions and bodies, including the European Securities and Markets Authority (ESMA), with a view to granting discharge. Discharge procedure: the final step of a budget lifecycle is the discharge of the budget for a given financial year. It represents the political aspect of the external control of budget implementation and is the decision by which the European Parliament, acting on a Council recommendation, "releases" the Commission (and other EU bodies) from its responsibility for management of a given budget by marking the end of that budget's existence. The European Parliament is the discharge authority within the EU. The discharge procedure may produce three outcomes: (i) the granting; (ii) postponement or; (iii) the refusal of the discharge. The final discharge report including specific recommendations to the Commission for action is adopted in plenary by the European Parliament and are subject to an annual follow up report in which the Commission outlines the concrete actions it has taken to implement the recommendations made. Each agency is subject to its own discharge procedure, including the ESMA. The European Securities and Markets Authority (ESMA): the Authority, which is located in Paris (FR), was set up by Regulation (EU) No 1095/2010 of the European Parliament and of the Council with a view to protecting the public interest by contributing to the short, medium and long-term stability and efficiency of the financial system for the economy of the European Union. As regards the ESMA’s accounts, these are presented in detail in the document on the consolidated annual accounts of the European Union for 2016: Commitment appropriations: available: EUR 42 million; made: EUR 40 million. Payment appropriations: available: EUR 47 million; paid: EUR 38 million. For further details on expenditure, please refer to the final accounts of the Securities and Market Authority.
- DG {'url': 'http://ec.europa.eu/info/departments/budget_en', 'title': 'Budget'}, OETTINGER Günther
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COM(2017)0365
summary
Documents
- Non-legislative basic document published: COM(2017)0365
Amendments | Dossier |
48 |
2017/2173(DEC)
2018/01/22
ECON
30 amendments...
Amendment 1 #
Draft opinion Paragraph –1 (new) -1. Points to the central role played by the European System of Financial Supervision and the three European Supervisory Authorities for ensuring better oversight over the financial system in response to the financial crisis and its economic, social and human consequences;
Amendment 10 #
Draft opinion Paragraph 2 a (new) 2a. Underlines that, in the power to formulate Level 2 and Level 3 measures, attention should be devoted to the specific features of the various national markets and that the market participants concerned should be involved in the process of application sufficiently promptly, as well as in the individual design and implementation stages, as in the past;
Amendment 11 #
Draft opinion Paragraph 2 a (new) 2 a. Underlines that in light of uneven supervision of consumer protection legislation across Member States, the European Supervisory Authorities shall contribute to and promote convergent supervisory practices at a high-level in the area of consumer protection and have at their disposal the appropriate resources for that task;
Amendment 12 #
Draft opinion Paragraph 2 a (new) 2a. Stresses that the authority should devote special attention to the principle of proportionality in carrying out its mandate;
Amendment 13 #
Draft opinion Paragraph 2 a (new) 2 a. Notes the need to properly assess the Authority's work on regular basis in an effort to allocate and make the use of its resources more effective, transparent and credible;
Amendment 14 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; is of the opinion that a gradual increase of the means available to the European Supervisory Authorities commensurate with the increasing amount of work which they are legally mandated to deliver, while ensuring an appropriate level of prioritisation and efficiency as regards resource allocation; underlines that more resources should be deployed to control the effective enforcement of Union law and investor protection;
Amendment 15 #
Draft opinion Paragraph 3 3.
Amendment 16 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; believes that the Authority’s budget still has rationalisation potential; stresses, therefore, that any potential increases in the Authority’s means should be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
Amendment 17 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; considers, however, that efforts to that end must serve to strengthen the Authority’s independence in the face of private sector pressures and allow for the growing role of its supervisory tasks;
Amendment 18 #
Draft opinion Paragraph 3 3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; notes that, for the purpose of ensuring sufficient staff at the Authority for implementing its tasks, budget and resources should be allocated properly, also in the case of additional tasks, which would further ensure its credibility and independence;
Amendment 19 #
Draft opinion Paragraph 3 a (new) 3a. Stresses that ESMA should devote more attention to making the most of the resources to carry out its legal mandate in full and should focus on proportionality in all its activities;
Amendment 2 #
Draft opinion Paragraph –1 a (new) -1a. Underscores, in this context, the importance of the European Securities and Markets Authority for ensuring - by means of appropriate common supervision of the Single Market - financial stability, the necessary transparency and greater security for the financial market;
Amendment 20 #
Draft opinion Paragraph 3 a (new) 3a. Stresses that it is essential for the Authority, in view of the nature of its assignments, to exhibit transparency not only towards Parliament and the Council, but also towards all European citizens;
Amendment 21 #
Draft opinion Paragraph 3 a (new) 3 a. Stresses the need for protection of consumers as a priority and to allocate all necessary resources for this purpose;
Amendment 22 #
Draft opinion Paragraph 3 b (new) 3 b. Notes the necessity of coordination and close cooperation with the other European Supervisory Authorities and national authorities, as well as with international organisations;
Amendment 23 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly
Amendment 24 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly
Amendment 25 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly
Amendment 26 #
Draft opinion Paragraph 4 4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly so that it is possible to monitor any interference with supervision by parties in positions of influence.
Amendment 27 #
Draft opinion Paragraph 4 a (new) 4a. Insists, in the light of the Authority's assignments and the positions recently adopted by Parliament in this connection, that the Authority set up a secure channel for whistle-blowers as quickly as possible.
Amendment 28 #
Draft opinion Paragraph 4 a (new) 4 a. Is of the opinion that the Authority should establish a secure channel for whistle-blowers in the framework of its action plan for the years to come;
Amendment 29 #
Draft opinion Paragraph 4 a (new) 4 a. Welcomes the conclusions of the European Court of Auditor's special report and encourages the Authority to implement them as quick as possible;
Amendment 3 #
Draft opinion Paragraph –1 b (new) -1b. Stresses that, in carrying out its assignments, the Authority must pay detailed attention at all times to protecting consumers in the Union;
Amendment 30 #
Draft opinion Paragraph 4 b (new) 4 b. Stresses further the need to enhance democratic accountability and transparency regarding meetings with stakeholders and lobbyists and properly inform the Parliament for its activities, notes that the protection of whistle- blowers will enforce transparency, democratic accountability and public control;
Amendment 4 #
Draft opinion Paragraph 1 1. Acknowledges that, in the opinion of the Court of Auditors, the European Securities and Markets Authority’s transactions underlying the annual accounts for the year 2016 are legal and regular in all material aspects; welcomes that the Court's comments of 2011 and 2012 have finally been addressed;
Amendment 5 #
Draft opinion Paragraph 1 a (new) 1a. Stresses that, in the aftermath of the financial crisis and Brexit, the European Parliament has acted as a driving force, and that ESMA has a crucial role to play in increasing the consistent application of Union law, promoting better coordination between national authorities and fostering financial stability, transparency, safer financial markets, a high degree of consumer protection and convergent supervisory practices in this area;
Amendment 6 #
Draft opinion Paragraph 2 2.
Amendment 7 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council; points to the need for cooperation with other institutions responsible for international supervision;
Amendment 8 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council, and should not seek to de facto broaden its mandate beyond those assignments; emphasises, in this respect, that the Authority needs to pay particular attention to the principle of proportionality;
Amendment 9 #
Draft opinion Paragraph 2 2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council, and must not seek to broaden its mandate beyond those assignments;
source: 616.548
2018/03/02
CONT
18 amendments...
Amendment 1 #
Proposal for a decision 1 Paragraph 1 1. Grants the Executive Director of the European Securities and Markets Authority discharge in respect of the implementation of the Authority’s budget for the financial year
Amendment 10 #
Motion for a resolution Paragraph 14 14. Welcomes the fact that
Amendment 11 #
Motion for a resolution Paragraph 15 a (new) 15 a. Expresses the need to establish an independent disclosure, advice and referral body with sufficient budgetary resources, in order to help whistle-blowers use the right channels to disclose their information on possible irregularities affecting the financial interests of the Union, while protecting their confidentiality and offering needed support and advice;
Amendment 12 #
Motion for a resolution Paragraph 16 16. Notes that in 2016 the Authority received six requests for access to documents pursuant to Regulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents12 to which the Authority granted a full access in four cases while in two cases the Authority decided to grant only partial access to the documents due to protection of privacy and the integrity of the individual and to protection of the purpose of inspections, investigations and audits;
Amendment 13 #
Motion for a resolution Paragraph 16 16. Notes that in 2016 the Authority received six requests for access to documents pursuant to Regulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents12 to which the Authority granted a full access in four cases while in two cases the Authority decided to grant only partial access to the documents due to protection of privacy and the integrity of the individual and to protection of the purpose of inspections, investigations and audits;
Amendment 14 #
Motion for a resolution Paragraph 16 a (new) 16 a. asks the Authority to inform the discharge authority on ethics rules alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
Amendment 15 #
Motion for a resolution Subheading 6 Amendment 16 #
Motion for a resolution Paragraph 21 21. Takes note that the Court performed a performance audit on the supervision of Credit Rating Agencies in the Authority and published its final report in February 2016; acknowledges that the Authority set up an action plan following the audit in order to implement the Court’s recommendations; notes with satisfaction that seven
Amendment 17 #
Motion for a resolution Paragraph 23 23. Notes from the Court’s report that the withdrawal of the United Kingdom from the Union
Amendment 18 #
Motion for a resolution Paragraph 23 23. Notes from the Court’s report that the withdrawal of the United Kingdom from the Union might affect the Authority’s activities since
Amendment 2 #
Proposal for a decision 1 Paragraph 1 1.
Amendment 3 #
Proposal for a decision 2 Paragraph 1 1. Approves the closure of the accounts of the European Securities and Markets Authority for the financial year
Amendment 4 #
Motion for a resolution Paragraph 3 3. Observes that the
Amendment 5 #
Motion for a resolution Paragraph 3 a (new) 3 a. asks the Authority to keep volume to be carried over to the next year as low as possible;
Amendment 6 #
Motion for a resolution Paragraph 8 8. Notes
Amendment 7 #
Motion for a resolution Paragraph 9 9. Notes that, on average, each member of the Authority’s staff was on sick leave for six days in 2016; observes
Amendment 8 #
Motion for a resolution Paragraph 11 11. Notes that in March 2015 the Authority’s Executive Director mandated investigators to conduct an administrative inquiry following allegations of harassment made by an external IT consultant against a staff member and that the inquiry was completed in March 2016; notes
Amendment 9 #
Motion for a resolution Paragraph 13 a (new) 13 a. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly, and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
source: 618.261
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History
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