5 Amendments of Astrid LULLING related to 2010/0199(COD)
Amendment 72 #
Proposal for a directive – amending act
Article 1 – point 2 – point c
Article 1 – point 2 – point c
Directive 97/9/EC
Article 2 – paragraph 2a – subparagraph 2
Article 2 – paragraph 2a – subparagraph 2
Member States shall ensure that the schemes provide coverage where financial instruments or monies are held, administered or managed for or on behalf of an investor, irrespective of the type of investment business being carried on by the firm and of whether or not the firm is acting in accordance with any restriction set out in its authorisation, provided that no direct depository relationship exists between the investor and the third-party depository institution.
Amendment 80 #
Proposal for a directive – amending act
Article 1 – point 4 – point a
Article 1 – point 4 – point a
Directive 97/9/EC
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
1. Member States shall ensure that schemes provide for coverage of not less than EUR 50 000 for each investor in respect of the claims referred to in Article 2(2a) or (2c).
Amendment 85 #
Proposal for a directive – amending act
Article 1 – point 4 – point a
Article 1 – point 4 – point a
Directive 97/9/EC
Article 4 – paragraph 1 – subparagraph 2
Article 4 – paragraph 1 – subparagraph 2
Amendment 99 #
Proposal for a directive – amending act
Article 1 – point 5
Article 1 – point 5
Directive 97/9/EC
Article 4a – paragraph 2 – subparagraph 1
Article 4a – paragraph 2 – subparagraph 1
2. Member States shall ensure that each scheme establishes a target fund level of at least 0.5,1% of the value of the monies and financial instruments held, administered or managed by the investment firms or UCITS that are covered by the protection of the investor compensation scheme. The value of the covered monies and financial instruments shall be calculated at least every year as at 31 JanuaryDecember.
Amendment 160 #
Proposal for a directive
Article 2 a (new)
Article 2 a (new)
Article 2a Review of UCITS depositary By 31 December 2012 and after an open consultation with the stakeholders, the Commission shall submit to the European Parliament and Council a report analysing the situations in which the failure of a UCITS depositary or a sub- custodian could affect the value of the UCITS units or shares. That report shall also include legislative proposals if necessary.