BETA

12 Amendments of Paul TANG related to 2017/0358(COD)

Amendment 88 #
Proposal for a directive
Article 28 – paragraph 1 – point b a (new)
(ba) the remuneration policy should not only reflect short term profitability, but also take into account long term effects of the investment decisions taken, looking at the ESG criteria;
2018/06/04
Committee: ECON
Amendment 90 #
Proposal for a directive
Article 28 – paragraph 1 – point d a (new)
(da) the ratio of remuneration between an investment firm’s employees and board members shall be proportionate;
2018/06/04
Committee: ECON
Amendment 93 #
Proposal for a directive
Article 28 – paragraph 1 – point i
(i) the fixed component shall represent a sufficiently high proportiont least 80% of the total remuneration so as to enable the operation of a fully flexible policy on variable remuneration components, including the possibility to pay no variable remuneration component.
2018/06/04
Committee: ECON
Amendment 97 #
Proposal for a directive
Article 28 – paragraph 2 a (new)
2a. For the purposes of point (da), for those investment firms which do not comply with the criteria set in Article 30(4)(a), Member States shall ensure that they set a maximum remuneration ratio and that investment firms shall apply it. The investment firm shall calculate its remuneration ratio as quotients of: (i) the remuneration received by each individual member of its board; (ii) and the median of the annual remuneration of all its employees with the exception of board members.
2018/06/04
Committee: ECON
Amendment 102 #
Proposal for a directive
Article 29 – paragraph 1 – introductory part
Member States shall ensure that where an investment firm benefits from extraordinary public financial support as defined to in Article 2(1)(28) of Directive 2014/59/EU, the following requirements apply:it does not pay any variable remuneration.
2018/06/04
Committee: ECON
Amendment 104 #
Proposal for a directive
Article 29 – paragraph 1 – point a
(a) where variable remuneration would be inconsistent with the maintenance of a sound capital base of an investment firm and its timely exit from extraordinary public financial support, variable remuneration of all staff shall be limited to a portion of net revenue;deleted
2018/06/04
Committee: ECON
Amendment 106 #
Proposal for a directive
Article 29 – paragraph 1 – point b
(b) investment firms shall establish limits to the remuneration of the members of the management body of the investment firm;deleted
2018/06/04
Committee: ECON
Amendment 108 #
Proposal for a directive
Article 29 – paragraph 1 – point c
(c) the investment firm shall only pay variable remuneration to members of the management body of the investment firm where such remuneration has been approved by the competent authority.deleted
2018/06/04
Committee: ECON
Amendment 111 #
Proposal for a directive
Article 29 – paragraph 2
For the purposes of point (c), competent authorities shall only approve payment of variable remuneration to members of the management body of the investment firm in exceptional circumstances.deleted
2018/06/04
Committee: ECON
Amendment 122 #
Proposal for a directive
Article 30 – paragraph 1 – point k
(k) at least 460% of the variable remuneration shall be deferred over a three to five year period as appropriate, depending on the business cycle of the investment firm, the nature of its business, its risks and the activities of the individual in question, except in the case of a variable remuneration of a particularly high amount where the proportion of the variable remuneration deferred is at least 680%;
2018/06/04
Committee: ECON
Amendment 147 #
Proposal for a directive
Article 33 – paragraph 1 – point f a (new)
(fa) the inclusive consideration of risks related to environmental, social and governance (ESG) factors in the risk- mitigating arrangements of the investment firms.
2018/06/04
Committee: ECON
Amendment 164 #
Proposal for a directive
Article 37 – paragraph 1 – point a
(a) the investment firm is exposed to risks or elements of risks that are not covered or not sufficiently covered by the capital requirement set out in Part Three of [Regulation (EU) ---/----[IFR], especially taking into account risks in relation to environmental, social and governance (ESG) factors;
2018/06/04
Committee: ECON