10 Amendments of Tom VANDENKENDELAERE related to 2017/2253(INI)
Amendment 51 #
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 64 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that several EU legislative acts contain specific provisions for regulatory cooperation with third countries, including the possibility to conclude intcoopernational agreements for supervisory and enforcement purposes and to grant ‘equivalence’;
Amendment 69 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that, in many cases, the granting of equivalence is a unilateral decision taken by the EU and is not applied in a reciprocal manner by third countries; considers that international cooperation could be better advanced by dint of international agreements negotiated between the EU and third countries; notes that, unlike equivalence, international agreements can provide mutual access between the EU and third countries for financial institutions and for the mutual recognition of rulesdoes not systematically require a reciprocal application on behalf of the third country;
Amendment 88 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Reiterates that, in some cases, equivalence decisions do not grant financial institutions comparable rights to passport financial services throughout the EU, but recognises that they may give third-country institutions limited access to the single market for certain products or services;
Amendment 109 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that, as it stands, the EU’s process for granting equivalence lacks certainty and sufficient transparency, and requires a structured and practical framework outlining clear procedures and guidelines as regards the level of granularity of the assessment to be performed by the Commission;
Amendment 154 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on the Commission to adopt a legislative act establishing a clear framework for a transparent, coherent and consistent application of equivalence procedures, which introduces a standardised process for the determination of equivalence and a detailed and granular assessment of third- country legal frameworks; calls for such clarification to take place in the context of an inter-institutional agreement between the European Parliament, the Council of the European Union and the European Commission;
Amendment 168 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls for equivalence decisions to be reviewed at least once every three years, or in any case of changes in the third country’s regulatory framework which would call the equivalence decision into question, by the relevant ESA and for such reviews to be made public;
Amendment 176 #
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 196 #
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 223 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls to that end, moreover, for the EU-US Joint Financial Markets Regulatory DialogueForum to be upgraded to include more regular meetings; stresses that the EU should push to have a financial services chapter as part of any potential future EU-US trade agreement;