BETA

Activities of Bernd LUCKE related to 2014/2122(DEC)

Shadow opinions (1)

OPINION on discharge in respect of the implementation of the budget of the European Securities and Markets Authority for the financial year 2013
2016/11/22
Committee: ECON
Dossiers: 2014/2122(DEC)
Documents: PDF(110 KB) DOC(173 KB)

Amendments (4)

Amendment 3 #
Draft opinion
Paragraph 2
2. Underlines that ESMA’s role in promoting a common supervisory regime across the Single Market is essential to ensure betteraims at integrated and safer financial markets in the EU;
2015/01/09
Committee: ECON
Amendment 6 #
Draft opinion
Paragraph 4
4. Acknowledges that the ESFS is still in a setting-up phase and stresses that the tasks already entrusted to ESMA, as well as future tasks envisaged in on-going legislative work, require an adequate level of staff and budget to allow for satisfactory supervision; stresses however that any potential increases in its means should be preceded by rationalisation efforts wherever possible;deleted
2015/01/09
Committee: ECON
Amendment 11 #
Draft opinion
Paragraph 4 a (new)
4a. Stresses with regard to the increasing expenses that the EU budget already faces difficulties due to outstanding payments; therefore urges ESMA to make efficient use of synergies arising from close cooperation with national supervisory agencies and to pay full respect to the principle of subsidiarity by refraining from any tasks assigned to national supervisory agencies; encourages ESMA to examine its internal administrative processes with a view to reducing administrative costs;
2015/01/09
Committee: ECON
Amendment 20 #
Draft opinion
Paragraph 6
6. Concludes that ESMA’s mixed financing arrangement is inflexible, burdensome and a potential threat to its independence; therefore calls on the Commission to reconsider the financing arrangement in favour of an independent budget line from the EU budget and the introduction of fees by market participantsalls upon the Commission to consider funding the ESAs through direct contributions from financial market participants subject to direct ESA supervision, taking into account Article 38(1) of Regulation (EU) No 1095/2010.
2015/01/09
Committee: ECON