BETA

6 Amendments of Markus FERBER related to 2009/0064(COD)

Amendment 603 #
Proposal for a directive
Article 9 – paragraph 1 a (new)
1a. Member States may require AIFM to annually disclose their internal remuneration policy in general terms.
2010/02/15
Committee: ECON
Amendment 705 #
Proposal for a directive
Article 16 – paragraph 1 – subparagraph 1
1. AIFM shall ensure that, for each AIF that it manages, a valuator is appointed which is independent of the AIFM to establish the value of assets transparently acquired by the AIF and the value of the shares and units of the AIF.
2010/02/15
Committee: ECON
Amendment 722 #
Proposal for a directive
Article 16 – paragraph 1 – subparagraph 2
The valuatorAIFM shall ensure that theAIF’s assets, shares and units are valued at least once a year, and each time shares or units of the AIF are issued or redeemed if this is more frequent are valued at an appropriate frequency in respect of the underlying assets held by the fund. Where the AIF is invested in immovable assets, the specificities of those assets may be taken into account. The AIFM shall also ensure that the shares or units of the AIF can be valued whenever needed to enable redemption or issuance.
2010/02/15
Committee: ECON
Amendment 989 #
Proposal for a directive
Article 18 – paragraph 1 – subparagraph 2 – point b
(b) where the delegation concerns the portfolio management or the risk management, the third party must also be authorised as an AIFM to manage an AIF of the same type; , (i) the mandate shall only be given to undertakings which are authorised or registered for the purpose of asset management and subject to prudential supervision; and (ii) where the third party is domiciled in a third country, supervisory structures equivalent to those in the EU must exist. The Commission shall adopt delegated acts in accordance with Articles 49a, 49b and 49c specifying the criteria for assessing the equivalence of the supervisory structures in third party countries;
2010/02/16
Committee: ECON
Amendment 1015 #
Proposal for a directive
Article 18 – paragraph 3
3. The third party may not sub-delegate any of the functions delegated to it.deleted
2010/02/16
Committee: ECON
Amendment 1273 #
Proposal for a directive
Article 25 – paragraph 4
4. In exceptional circumstances and when this is required in order to ensure the stability and integrity of the financial system, the competent authorities of the home Member State may impose additional limits to the level of leverage that AIFM can employ. Measures taken by the competent authorities of the home Member States shall have a temporary nature and should comply with the provisions adopted by the Commission pursuant to paragraph 3.deleted
2010/03/08
Committee: ECON