Activities of Miguel VIEGAS related to 2017/0359(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the prudential requirements of investment firms and amending Regulations (EU) No 575/2013, (EU) No 600/2014 and (EU) No 1093/2010 PDF (868 KB) DOC (136 KB)
Amendments (13)
Amendment 54 #
Proposal for a regulation
Recital 29
Recital 29
(29) In order to provide transparency to their investors and the wider markets, investment firms which are not considered to be small and non-interconnected should publicly disclose their levels of capital, their capital requirements, their governance arrangements and remuneration policies and practices. The transparency regarding the remuneration of high earners serves the general interest of contributing to sound and stable financial markets, given the important role high earners play in directing the business and long term performance of the investment firms. For reasons of confidentiality, disclosure of the remuneration of high earners should be required on an aggregated basis. Small and non-interconnected firms should not be subject to public disclosure requirements, except where they issue Additional Tier 1 instruments in order to provide transparency to the investors in these instruments.
Amendment 110 #
Proposal for a regulation
Article 12 – paragraph 4
Article 12 – paragraph 4
4. Where an investment firm which has not met all of the conditions set out in paragraph 1 subsequently meets those conditions, it shall be considered, subject to approval by the competent authority, a small and non-interconnected investment firm after a period of 6 months from the date when those conditions are met. The decision must be substantiated in such a way as to exclude any instance of regulatory arbitrage.
Amendment 211 #
Proposal for a regulation
Article 36 – paragraph 1 – subparagraph 1
Article 36 – paragraph 1 – subparagraph 1
An investment firm dealing on own account, whether for itself or on behalf of a client, shall not incur an exposure to an individual client or group of connected clients the value of which exceeds 25% of its regulatory capital, unless it meets the obligation to notify set out in Article 37 and the K-CON capital requirement set out in Article 38.
Amendment 213 #
Proposal for a regulation
Article 36 – paragraph 2
Article 36 – paragraph 2
Amendment 214 #
Proposal for a regulation
Article 37 – paragraph 1
Article 37 – paragraph 1
1. WherIn case the limits referred to in Article 36(1) are exceeded, an investment firm shall notify the amount of the excess, the name of the individual client concerned and, where applicable, the name of the group of connected clients concerned, without delay to the competent authorities.
Amendment 215 #
Proposal for a regulation
Article 37 – paragraph 2 – subparagraph 1
Article 37 – paragraph 2 – subparagraph 1
Competent authorities may grant the investment firm a limited period of maximum of 5 business days to comply with the limit referred to in Article 36(1).
Amendment 216 #
Proposal for a regulation
Article 37 – paragraph 2 – subparagraph 2
Article 37 – paragraph 2 – subparagraph 2
Amendment 223 #
Proposal for a regulation
Article 43 – paragraph 2 a (new)
Article 43 – paragraph 2 a (new)
2a. EBA, in consultation with ESMA, shall issue guidelines to specify what constitutes as exceptional circumstances under paragraph 1.
Amendment 226 #
Proposal for a regulation
Article 45 – paragraph 2
Article 45 – paragraph 2
Amendment 229 #
Proposal for a regulation
Article 47 – paragraph 1 – point b
Article 47 – paragraph 1 – point b
(b) the policy on diversity with regard to the selection of members of the management body, particularly in terms of gender equality, its objectives and any relevant targets set out in that policy, and the extent to which those objectives and targets have been achieved;
Amendment 231 #
Proposal for a regulation
Article 50 – paragraph 1
Article 50 – paragraph 1
An investment firm shall disclose its return on assets calculated as its net profit divided by its total balance sheet in its annual report as referred to in Article 45. In response to the growing public demand for tax transparency and to promote the corporate responsibility of investment firms, the latter must also disclose information, on a country-by-country basis, regarding profits made, taxes paid and any public subsidies received.
Amendment 236 #
Proposal for a regulation
Article 51 – paragraph 1 – point b
Article 51 – paragraph 1 – point b
(b) the ratios between fixed and variable remuneration set in accordance with Article 28(2) of Directive (EU) ----/-- [IFD], which in no case may be less than 1;
Amendment 245 #
Proposal for a regulation
Article 51 – paragraph 1 – point d
Article 51 – paragraph 1 – point d
(d) the number of individuals that have been remunerated EUR 1 million500 000 or more per financial year, with the remuneration between EUR 1 million500 000 and EUR 5 million broken down into pay bands of EUR 500 000 and with the remuneration of EUR 5 million and above broken down into pay bands of EUR 1 million;