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
Amendments (4)
Amendment 3 #
Draft opinion
Paragraph 2
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;
Amendment 6 #
Draft opinion
Paragraph 4
Paragraph 4
Amendment 11 #
Draft opinion
Paragraph 4 a (new)
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;
Amendment 20 #
Draft opinion
Paragraph 6
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.