3 Amendments of Doru-Claudian FRUNZULICĂ related to 2018/2204(DEC)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Acknowledges that, in the opinion of the Court of Auditors (the 'Court’), the European Securities and Markets Authority’s (the ‘Authority’) transactions underlying the annual accounts for the year 2017 are legal and regular in all material aspects; calls on the Authority to ensure a proper follow-up and implementation of the Court’s recommendations;
Amendment 10 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. considers that, while carrying out its work and in particular when drafting implementing legislation, ESMA 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 17 #
Draft opinion
Paragraph 5
Paragraph 5
5. Draws attention to the fact that the Authority’s budget is financed partly27% from European Union funds and partly42% through direct contributions from the Member States’ supervisory authorities and supervised entities 29% from fees received from supervised entities (Credit Rating Agencies and Trade Repositories) and 2% from others sources, 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.