5 Amendments of Bernhard RAPKAY related to 2010/0207(COD)
Amendment 7 #
Proposal for a directive
Recital 26 a (new)
Recital 26 a (new)
(26a) Since, however, the infrastructure necessary for a short payout delay of one week is not yet in place, a four-week payout delay should apply for a transitional period up to 1 January 2017, thereby ensuring that depositor confidence is not seriously and permanently undermined by failure to respect the deadline thus detracting from the stabilising effect of deposit guarantee schemes. The one-week payout delay should become binding from 1 January 2017. However, in order to ensure that, during this transitional period, depositors do not find themselves in financial difficulties should their credit institute fail and ensure legal certainty for depositors and credit institutes, a rapid payout of up to € 5 000 within one week should be guaranteed by Deposit Guarantee Schemes during the transitional period also.
Amendment 9 #
Proposal for a directive
Article 5 – paragraph 2 – introductory part
Article 5 – paragraph 2 – introductory part
(2) Member States shall ensure that Ddeposit Guarantee Schemes do not deviate fromors have a legal entitlement to the coverage level laid down in paragraph 1. However, Member States may decide that the following deposits are covered provided that the costs for such repayments are not subject to Article 9, 10 and 11:
Amendment 10 #
Proposal for a directive
Article 7 – paragraph 1 – subparagraph 1
Article 7 – paragraph 1 – subparagraph 1
Deposit Guarantee Schemes shall be in a position to repay unavailable deposits within 7 dayfour weeks of the date on which the competent authorities make a determination as referred to in Article 2(1)(e)(i) or a judicial authority makes a ruling as referred to in Article 2(1)(e)(ii). From 1 January 2017, this period shall be reduced to one week. During the transitional period between the entry into force of the directive and the reduction of the payout delay, depositors shall be paid up to € 5 000 of their existing credit balances within a period of one week.
Amendment 18 #
Proposal for a directive
Article 10 – paragraph 1 – subparagraph 1 – introductory part
Article 10 – paragraph 1 – subparagraph 1 – introductory part
Amendment 21 #
Proposal for a directive
Article 18 – paragraph 1
Article 18 – paragraph 1
(1) The European Parliament and the Council may object to the delegated act within a period of two months from the date of notification. At the initiative of the European Parliament or the Council this period shall be extended by onetwo months.