8 Amendments of Paul TANG related to 2020/2176(DEC)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. AcknowledgeHighlights that, in the opinion of the Court of Auditors, the transactions of the European Securities and Markets Authority (the ‘Authority’) underlying the annual accounts for the year 2019 are legal and regular in all material aspects;
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Welcomes the Authority’s efforts towards a more coordinated supervisory regime across the European financial system; underlines its role to ensure a stable, well-integrated, efficient and safe financial market; highlights the importance of consumer protection in the Union by promoting fairness and transparency on the product and financial services market, and looks forward to receiving an update on future measures taken in this direction, including also responses to the challenges of the digitalisation of the economy and sustainability measures;
Amendment 3 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Welcomes the Authority’s Fast Track Peer Review Report of November 2020 on the application of the guidelines on the enforcement of financial information (ESMA/2014/1293) by BaFin and FREP in the context of Wirecard; calls on the Authority to request further harmonisation of EU rules regarding financial supervision;
Amendment 4 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1 c. Underlines the duty of the financial system in responding appropriately to the financial sustainability challenges, the European Green Deal and the Paris Agreement; welcomes, therefore, the Authority’s efforts of incorporating additional number of FTEs in the 2020 ESMA budget in order to cover its new mandate on sustainability; looks forward to an update in the second half of 2020 on the progress in this area;
Amendment 5 #
Draft opinion
Paragraph 1 d (new)
Paragraph 1 d (new)
1 d. Welcomes the plans of setting up ESMA's Advisory Committee on Proportionality, foreseen for Q1 2020 to oversee the principle of proportionality and looks forward to receiving a progress update on this in the second half of 2021;
Amendment 6 #
Draft opinion
Paragraph 1 e (new)
Paragraph 1 e (new)
1 e. Underlines the importance of an open, efficient and independent European administration for all European agencies and the whole Union; recalls the problem of the revolving door conflict of interest situations and stresses the need for a unified legal framework to address these issues;
Amendment 11 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Stresses the urgency to allocate sufficient resources to the Authority to allow it to carry out its allocated tasks in an adequate and efficient manner;
Amendment 12 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Takes note of the Report on the annual accounts of the European Securities and Markets Authority (ESMA) for the financial year 2019 of the European Court of Auditors, that the case of using IT service contracts for the provision of labour is still unsolved; notes that this is non-compliant with EU social and employment rules; calls on the Authority, therefore, to ensure that contracts avoid any confusion and ensure that they are in line with European social and employment rules;