6 Amendments of Doru-Claudian FRUNZULICĂ related to 2018/2203(DEC)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Acknowledges that, in the opinion of the Court of Auditors (the 'Court’), the European Insurance and Occupational Pensions Authority’s (the ‘Authority’) transactions underlying the annual accounts for the year 2017 are legal and regular in all material aspects;
Amendment 4 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Underlines the central role of the Authority in contributing to a high quality common regulatory and supervisory standards and practices, to the consistent application of legally binding Union acts, to stimulate and facilitate the delegation of tasks and responsibilities among competent authorities, to monitor and access market developments within the scope of its competence and to foster the protection of policy holders, pension scheme members and beneficiaries.
Amendment 5 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Emphasises the need of a closer supervision in certain Member States with the view of addressing vulnerabilities in the insurance markets of those Member States and protecting consumers from unfair practices of multinational insurance companies, such as selling in some parts of Europe, namely in Central- Eastern Europe, insurance products of lower quality than in other MS.
Amendment 9 #
Draft opinion
Paragraph 2
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; calls on the Authority to ensure a proper follow-up and implementation of the Court’s recommendations;
Amendment 15 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Considers that, while carrying out its work and in particular when drafting implementing legislation, EIOPA needs to regularly and comprehensively inform the Union legislator about its activities; stresses that it is essential for the Authority, in view of the nature of its assignments, to exhibit transparency not only to the European Parliament and the Council, but to the Union citizens as well;
Amendment 21 #
Draft opinion
Paragraph 5
Paragraph 5
5. Draws attention to the fact that the Authority’s budget is financed partly40% from European Union funds and partly60% through direct contributions from the Member States’ supervisory authorities and that this mixed financing arrangements may pose a threat to its independence and supervisory tasks; highlights that the Authority’s revenue will decrease as a result of the United Kingdom’s decision to withdraw from the Union, and stresses the need to find adequate arrangements for its funding. , as only sufficient financial resources would allow the Authority to fulfil its mandate consistently, independently and efficiently, with a view to making the financial markets more secure and protecting European consumers more effectively;