5 Amendments of Thomas MANN related to 2011/0261(CNS)
Amendment 39 #
Proposal for a directive
Recital 4
Recital 4
(4) The definition of financial instruments in Annex I to the Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC (MiFID) covers units in collective investment undertakings. This implies that shares and units of undertakings for collective investment in transferable securities (UCITS) as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) and alternative investment funds (AIF) as defined in Article 4(1)(a) of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 are financial instruments. Therefore, the subscription and redemption of these instruments are transactions that should be subject to the FTT with the exemption of undertakings for collective investments in transferable securities (UCITS) and alternative investment funds (AIF).
Amendment 58 #
Proposal for a directive
Recital 17 a (new)
Recital 17 a (new)
(17a) This Directive does not address the management of revenue from the FTT. However, having regard to the Commission proposal for a Council regulation laying down the multiannual financial framework for the years 2014 to 2020 and in particular concerning the provisions on the Union's own resources, 25 per cent of the annual revenue from an FTT could be envisaged to be managed at Union level, either as a part of Union own resources or directly linked to specific Union policies and public goods, inter alia, the financing of development aid goals, the fight against climate change, sustainable development and the Union's social welfare state. The remaining 75 per cent of the annual revenue from an FTT could be envisaged to be managed at member states' national level, whereas each member state should benefit from it proportional to its financial contribution in the context of bank rescue.
Amendment 82 #
Proposal for a directive
Article 1 – paragraph 4 – point a
Article 1 – paragraph 4 – point a
(a) primary market transactions referred to in point (c) of Article 5 of Commission Regulation (EC) No 1287/2006, except for the issue and redemption of shares and units of undertakings for collective investments in transferable securities (UCITS) as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and the Council and alternative investment funds (AIF) as defined in Article 4(1)(a) of Directive 2011/61/EU of the European Parliament and the Council;
Amendment 108 #
Proposal for a directive
Article 2 – paragraph 1 – point 7 – point e
Article 2 – paragraph 1 – point 7 – point e
Amendment 176 #
Proposal for a directive
Article 16 – paragraph 2
Article 16 – paragraph 2
In that report the Commission shall, at least, examine the impact of the FTT on the proper functioning of the internal market, the financial markets and the real economy and it shall take into account the progress on taxation of the financial sector in the international context, the target group appropriate scope of the FTT and the need to distinguish different financial products and assets categories with regard to the rate of taxation.