2 Amendments of Paul TANG related to 2017/2066(INI)
Amendment 120 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Asks the Commission to assess carefully whether national rules and practices are motivated by consumer protection concerns; underlines that the dismantling of national barriers should not be to the detriment of consumer protection; stresses the vital role of intermediaries, especially given the high number of financial illiteracy;
Amendment 157 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Stresses the need to adapt the existing EU legal framework for the digital world to counteract consumer protection risks connected with distance online selling, thereby creating new business opportunities for European start-ups and FinTechs; points out the consumer risks associated with online gambling games guised as financial products, i.e. binary options; upholds that a strong and harmonized European supervision is needed to protect consumers and avoid regulatory loopholes;