4 Amendments of Thomas MANN related to 2010/0160(COD)
Amendment 47 #
Proposal for a regulation – amending act
Recital 5
Recital 5
(5) In order to reinforce competition between credit rating agencies, to help avoiding possible conflicts of interest under the issuer-pays model, which are particularly virulent regarding the rating of structured finance instruments, and to enhance transparency and the quality of ratings for structured finance instruments, registered or certified credit rating agencies should have the right to access a listbe able to access detailed information ofn structured finance instruments that are being rated by their appointed competitors. The information for this rating should be provided by the issuer or a related third party for the purpose of the issuance of unsolicited competing ratings on structured finance instrument in order to be in a position to provide unsolicited ratings. The issuance of such unsolicited ratings should promote the use of more than one rating per structured finance instrument. Access to the websites should only be granted only if a credit rating agency is able to ensure the confidentiality of the requested information.
Amendment 64 #
Proposal for a regulation – amending act
Article 1 – point 4
Article 1 – point 4
Regulation (EC) No 1060/2009
Article 8 a – paragraph 2 – introductory part
Article 8 a – paragraph 2 – introductory part
2. Where other credit rating agencies registered or certified according to this Regulation request access to the information referred to in paragraph 1, they shall be granted access without delayunhindered access provided that they meet all of the following conditions:
Amendment 93 #
Proposal for a regulation – amending act
Article 1 – point 14
Article 1 – point 14
Regulation (EC) No 1060/2009
Article 24 – paragraph 2 a (new)
Article 24 – paragraph 2 a (new)
2a. The European Supervisory Authority (European Securities and Markets Authority) shall inform the European Supervisory Authority (European Banking Authority) and the European Supervisory Authority (European Insurance and Occupational Pensions Authority) before taking the decisions referred to in points (a), (b) and (c) of paragraph 1 which fall within their remit.
Amendment 122 #
Proposal for a regulation – amending act
Article 1 – point 24
Article 1 – point 24
Regulation (EC) No 1060/2009
Article 36 d – paragraph 1
Article 36 d – paragraph 1
1. The Commission shall disclose to the public every fine and periodic penalty payment that has been imposed in according toance with Articles 36a and 36b unless such disclosure would seriously jeopardise financial market stability or cause disproportionate damage to the parties involved.