8 Amendments of Sander LOONES related to 2017/0143(COD)
Amendment 229 #
Proposal for a regulation
Recital 14
Recital 14
(14) PEPP providers should have access to the whole Union market with one single product authorisation issued by the European Insurance and Occupatia national competent authority, on the basis of a single set of rules. National competent authorities are responsible for the supervision of PEPP providers and already existing personal Ppensions Authority (“EIOPA”), on the basis of a single set of rul products, and are therefore best placed to assess the authorisation. Furthermore, national competent authorities are most suited to analyse national social, fiscal, contract and consumer protection law applicable to a PEPP. Lastly, as a general rule, retail financial products such as the PEPP should be authorised and supervised by national competent authorities.
Amendment 236 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) Upon product authorisation, national competent authorities should send all relevant information related to the authorisation to EIOPA in view of enabling EIOPA to conduct peer reviews and in order to ensure a consistent application of the Regulation across Member States.
Amendment 241 #
Proposal for a regulation
Recital 17
Recital 17
(17) In the case of the establishment of a branch or a permanent presence in another Member State, it is appropriate to distribute responsibility for enforcement between home and host Member States. While responsibility for compliance with obligations affecting the business as a whole – such as the rules on professional requirements – should remain with the competent authority of the home Member State under the same regime as in the case of provision of services, the competent authority of the host Member State should assume responsibility for enforcing the rules on information requirements, advertisements and conduct of business with regard to the services provided within its territory. However, where the competent authority of a host Member State becomes aware of any breaches of obligations occurring within its territory with respect to which this Directive does not confer responsibility on the host Member State, a close cooperation demands that that authority informs the competent authority of the home Member State so that the latter takes the appropriate measures. Such is the case in particular as regards breaches of the rules on good repute, professional knowledge and competence requirements. Moreover, in view of protecting consumers, the competent authority of the host Member State should be entitled to intervene if the home Member State fails to take appropriate measures or if the measures taken are insufficient.
Amendment 335 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 – point a a (new)
Article 2 – paragraph 1 – point 1 – point a a (new)
(aa) is neither directly nor indirectly linked to the occupation or the employment status of the individual saver;
Amendment 391 #
Proposal for a regulation
Article 3 – paragraph 1 – point c – point ii
Article 3 – paragraph 1 – point c – point ii
(ii) the provisions of Member States’ laws which would apply to a comparable personal pension product manufactured and distributed in accordance with the law of the Member State in which the manufacturwhere the PEPP saver has its rlegistered offial residence.
Amendment 395 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. A PEPP may only be manufactured and distributed in the Union where it has been authorised by EIOPAthe competent authority of the home Member State of the PEPP provider in accordance with this Regulation.
Amendment 404 #
Proposal for a regulation
Article 5 – paragraph 1 – point c
Article 5 – paragraph 1 – point c
Amendment 470 #
Proposal for a regulation
Article 6 – paragraph 6 a (new)
Article 6 – paragraph 6 a (new)
6a. EIOPA shall organise and conduct peer reviews in accordance with Article 30 of Regulation (EU) No 1094/2010 in order to strengthen the consistency of the authorisation processes carried out by competent authorities pursuant to this Regulation.