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Activities of Sander LOONES related to 2015/2190(DEC)

Shadow opinions (1)

OPINION on Discharge 2014: European Securities and Markets Authority (ESMA)
2016/11/22
Committee: ECON
Dossiers: 2015/2190(DEC)
Documents: PDF(123 KB) DOC(179 KB)

Amendments (4)

Amendment 7 #
Draft opinion
Paragraph 3
3. Points out that ESMA when carrying out its activities needs to pay particular attention to the issue of proportionality and must strive to achieve outcomes that are unambiguous, coherent and free of superfluous complexity; recalls that the ESAs are responsible for micro- prudential supervision, whereas day-to- day supervision is conducted at national level;
2016/01/19
Committee: ECON
Amendment 12 #
Draft opinion
Paragraph 5
5. Acknowledges that the setting-up phase of ESFS has still not been completed and therefore notes that the tasks already entrusted to ESMA, as well as additional tasks envisaged in on-going legislative work, require an adequate level of staff and budget to allow for satisfactory supervision; suggests that, as EIOPA's workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement, EIOPA's budget and manpower should shift accordingly; emphasises however that any potential increases in ESMA's means must be explained thoroughly and accompanied by rationalisation measures wherever possible;
2016/01/19
Committee: ECON
Amendment 18 #
Draft opinion
Paragraph 6
6. Stresses that given its limited resources, ESMA must stick strictly to the tasks assigned to it by the Union legislator and must not seek to broaden its mandate beyond those assignments; suggests that using national secondees on short-term contracts could assist permanent staff with legislative workload in times of high demand; stresses that while carrying out its work and in particular when drafting implementing legislation, ESMA needs to regularly and comprehensively inform the Union legislator about its activities; regrets that ESMA has in the past not always met that standard;
2016/01/19
Committee: ECON
Amendment 23 #
Draft opinion
Paragraph 7
7. 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 budget of the Union and the introduction of fees by market participants.deleted
2016/01/19
Committee: ECON