BETA

17 Amendments of Markus FERBER related to 2023/0166(COD)

Amendment 32 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 1286/2014
Article 2 – paragraph 2 – point h
‘(h) pension products, including immediate annuities without a redemption phase, which, under national law, are recognised as having the primary purpose of providing the investor with an income in retirement and which entitle the investor to certain benefits;’;
2023/11/07
Committee: ECON
Amendment 33 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b
Regulation (EU) No 1286/2014
Article 2 – paragraph 2 – point h a (new)
‘(ha) immediate annuities.’;
2023/11/07
Committee: ECON
Amendment 36 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point b
Regulation (EU) No 1286/2014
Article 4 – paragraph 1 – point 7a
(7a) ‘electronic format’ means a website or any durable medium other than paper;;
2023/11/07
Committee: ECON
Amendment 42 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) No 1286/2014
Article 6 – paragraph 3 – introductory part
3. By way of derogation from paragraph 2, where a PRIIP offers the retail investor a range of options for investments, such that all information required in Article 8(3) with regard to each investment option cannot be provided within a single, concise stand-alone document, the key information document shall provide a generic description of the underlying investment options, and the costs of the PRIIP other than the costs for the investment option, provided that:
2023/11/07
Committee: ECON
Amendment 48 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) No 1286/2014
Article 6 – paragraph 3 – point a
(a) PRIIPs manufacturers provide investors with tools, such as a table or list, adapted to retail investors that facilitate research and comparison among the different investment options, including on costs;
2023/11/07
Committee: ECON
Amendment 52 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) No 1286/2014
Article 6 – paragraph 3 – point c
(c) PRIIPs manufacturers provide investors, upon their request and in good time before retail investors are bound by any contract or offer to invest in a given investment option, the complete costs of the PRIIP relating to this investment option.deleted
2023/11/07
Committee: ECON
Amendment 65 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a
Regulation (EU) No 1286/2014
Article 8 – paragraph 3 – point a a – point v
(v) whether or not the PRIIP offers the insurance benefits referred to in point (c) (iv);
2023/11/07
Committee: ECON
Amendment 67 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a
Regulation (EU) No 1286/2014
Article 8 – paragraph 3 – point aa – point v a (new)
(va) whether or not the PRIIP offers financial guarantees;
2023/11/07
Committee: ECON
Amendment 88 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d
Regulation (EU) No 1286/2014
Article 8 – paragraph 3 – point ga – introductory part
(ga) for PRIIPs on which financial market participants are to disclose pre- contractual information pursuant tounder a section titled ‘How environmentally sustainable is this product?’, information whether the PRIIP targets investors with sustainability preferences as defined in Article 2 (7) Delegated Regulation (EU) 2017/565 or in Article 2 (4) Delegated Regulation (EU) 20197/2088 of the European Parliament and of the Council** and Commission Delegated Regulation 2022/1288***, under a section titled ‘How environmentally sustainable is this product?’, the following information: 359. If the product targets investors with sustainability preferences, a further description of the PRIIP`s sustainability factors pursuant to Article 2 (7) ( a) to (c) Delegated Regulation (EU) 2017/565 or Art. 2 (4) (a) to (c) Delegated Regulation (EU) 2017/2359 should be added. This information shall include an ESG scale which illustrates at a glance how the sustainability factors of the PRIIP relate to the overall context of all categories of sustainable preferences defined in the provisions referred to in paragraph (ga).
2023/11/07
Committee: ECON
Amendment 94 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d
Regulation (EU) No 1286/2014
Article 8 – paragraph 3 – point ga a (new)
(gaa) In order to ensure consistent application of this Article, the ESAs shall, through the Joint Committee of the European Supervisory Authorities (‘Joint Committee’), develop draft regulatory technical standards specifying the details of the presentation and the content of each of the elements of information referred to in paragraph (ga).
2023/11/07
Committee: ECON
Amendment 97 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point e a (new)
Regulation (EU) No 1286/2014
Article 8 – paragraph 5 – subparagraph 3 (new)
(ea) in paragraph 5, the following subparagraph is inserted after the second subparagraph: “When developing the draft regulatory technical standards, the ESAs shall take into account that the ESG scale as referred to in point ga of the third paragraph of this Article shall be designed in categories from A to F based on the following information: - “A” implies a high proportion of environmentally sustainable investments according to Regulation 2020/852 or Article 2(17) of regulation (EU) 2019/2088; - “B” implies a moderate proportion of environmentally sustainable investments according to Regulation 2020/852 or Article 2(17) of Regulation (EU) 2019/2088 - “C” implies a low proportion of environmentally sustainable investments according to Regulation 2020/852 or Article 2(17) of Regulation (EU) 2019/2088 - “D” implies that the product explicitly considers principal adverse impacts as meant by Regulation (EU) 2019/2088 - “E” implies that the product follows an ESG strategy but does not aim for sustainable investments as meant by Article 2(17) of that Regulation; - “F” implies the product does not consider impact as meant by Regulation (EU) 2019/2088.”
2023/11/07
Committee: ECON
Amendment 99 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6 – point a
Regulation (EU) No 1286/2014
Article 10 – paragraph 2 – point b
(b) the conditions under which the key information document must be revised, distinguishing betweentaking into account: (i) that for PRIIPs that are still made available to retail investors and PRIIPs that are no longer made available;in general pre-contractual information is not necessary anymore; (ii) that the key information document and other information on the PRIIP required by Union law have to remain consistent;”
2023/11/07
Committee: ECON
Amendment 102 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6 a (new)
Regulation (EU) No 1286/2014
Article 13 – paragraph 4
(4) "Where successive transactions regarding the same PRIIP are carried out on behalf of a retail investor in accordance with instructions given by that retail investor to the person selling the PRIIP prior to the first transaction, the obligation to provide a key information document under paragraph 1 shall apply only to the first transaction, and to the first transaction after the key information document has been revised in accordance with Article 10. Additionally, prior to an additional subscription, the latest revised version of the key information document shall be provided to the retail investor upon request." Or. en (Regulation (EU) No 1286/2014)
2023/11/07
Committee: ECON
Amendment 106 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 1286/2014
Article 14 – paragraph 2
(2) The electronic format of the key information document may be provided by means of an interactive tool that enables the retail investor to generate personalised key information based on the information indeleted the key information document or the information underlying it. That tool shall respect the following conditions: (a) thee interactive tool, or its use, shall not alter the understanding of the key information document; (b) all key information shall be presented; (c) shall be easily accessible through a link next to the interactive tool, and the link shall be accompanied by the following message "It is recommended to download and store the key information document”; (d) investors to simulate costs over the recommended holding period. Where the key information document is provided in accordance with the first subparagraph, its format may be adapted compared to the presentation of the key information document referred to in Article 8.teractive tool shall allow
2023/11/07
Committee: ECON
Amendment 112 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 1286/2014
Article 14 – paragraph 3
(3) The ESAs shall develop draft regulatory technical standards specifying the modalities for personalising the information as referred to in paragraph 2, the first subparagraph, and the conditions for adapting the formatting of the information, as referred to in paragraph 2, the second subparagraph. In addition to the modalities referred to in the first subparagraph, the regulatory technical standards shall include the conditions for personalising the key investor information in the following manners: (a) the information to allow investors to simulate costs over a holding period that is different from the recommended holding period; (b) the information to allow investors to compare different PRIIPs; (c) the information to make it accessible to persons with disabilities.deleted the conditions for personalising the conditions for personalising the conditions for personalising
2023/11/07
Committee: ECON
Amendment 117 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 1286/2014
Article 14 – paragraph 6
(6) The key information document shall remain accessible on the website of the person advising or selling the PRIIPS, and shall remain capable of being downloaded and stored in a durable medium, for such period of time as the retail investor may need to consult it. Where the PRIIP manufacturer has revised the key information document as referred to in Article 10, the PRIIP manufacturer shall provide the retail investors with previous versions upon request.deleted
2023/11/07
Committee: ECON
Amendment 125 #
Proposal for a regulation
Article 2 – paragraph 1
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from [PO please insert the date = 18 months after the date of entry into force18 months after the publication of thise amending Regulation]ed Commission Delegated Regulation (EU) 2017/653.
2023/11/07
Committee: ECON