7 Amendments of Anthea McINTYRE related to 2014/0091(COD)
Amendment 103 #
Proposal for a directive
Recital 9
Recital 9
(9) In accordance with the principle of subsidiarity, Member States shouldare to retain full responsibility for the organisation of their pension systems as well as for the decision on the role of each of the three ‘pillars’ of the retirement system in individual Member States. In the context of the second pillar, they should alsalso are required to retain full responsibility for the role and functions of the various institutions providing occupational retirement benefits, such as industry-wide pension funds, company pension funds and life-assurance companies. This Directive is not intended to call this prerogative into question.
Amendment 115 #
Proposal for a directive
Recital 45
Recital 45
(45) The safe-keeping and oversight duties related to the assets of institutions should be strengthened by clarifying the depositary’s roles and duties. Only where equivalent protections are not already in place or institutions operating schemes where members and beneficiaries bear all the risks should be required to appoint a depositary.
Amendment 118 #
Proposal for a directive
Recital 48
Recital 48
(48) For the institution's members that have not yet retired, institutions should draw up a standardised pension benefit statement containing key personal and genericappropriate and relevant information about the pension scheme. The pension benefit statement should have a standard format in order to facilitate the understanding of pension entitlements over time and across schemes and serve labour mobility.
Amendment 132 #
Proposal for a directive
Article 23 – paragraph 1 – point a
Article 23 – paragraph 1 – point a
(a) their professional qualifications, knowledge and experience are adequate to enable them to ensure a sound and prudent management of the institution and to properly carry out their key funccollectively adequate in relation to the activities performed for the institutions (requirement to be fit); and
Amendment 141 #
Proposal for a directive
Article 30
Article 30
Amendment 142 #
Proposal for a directive
Article 35 – paragraph 1
Article 35 – paragraph 1
1. For each occupational pension scheme in which members and beneficiaries fully bear the investment risk, the home Member State shall require the institution to appoint a single or biometrical risks individually, and where under national law of the home Member State there are no fiduciary obligations imposed on those who effectively run the institution or on those who hold scheme assets, the home Member State shall require the institution to appoint one or more depositaries for safe-keeping of assets and oversight duties in accordance with Article 36 and 37. Without prejudice to Article 36(5) this requirement shall not be applicable to an institution which has outsourced all of its investment management activities to one or more entities which have appointed a depositary for safe-keeping of assets and oversight duties in accordance with Article 36 and 37. of the pension scheme in accordance with Directive 2011/61/EU or Directive 2014/91/EU of the European Parliament and of the Council1 a. _____________________ 1 a Directive 2014/91/EU of the European Parliament and of the Council of 23 July 2014 amending Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) as regards depositary functions, remuneration policies and sanctions (OJ L 257, 28.8.2014, p. 186).
Amendment 143 #
Proposal for a directive
Article 36 – paragraph 5 – introductory part
Article 36 – paragraph 5 – introductory part
5. Where under national law of the home Member State there are no fiduciary obligations imposed on those who effectively run the institution or on those who hold scheme assets, and where no depositary is appointed for the safe- keeping of assets, institutions shall, at least be required to: