6 Amendments of Engin EROGLU related to 2021/0295(COD)
Amendment 305 #
Proposal for a directive
Recital 82 a (new)
Recital 82 a (new)
(82 a) Article 19a(5) of Directive 2013/34/EU should be amended so that low-risk profile undertakings as defined in Article 29a may limit their sustainability reporting according to the simplified SME sustainability reporting standards.
Amendment 311 #
Proposal for a directive
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Directive 2009/138/EC
Article 4 – paragraph 1 – point c
Article 4 – paragraph 1 – point c
(c) where the undertaking belongs to a group, the total of the technical provisions of the group defined as gross of the amounts recoverable from reinsurance contracts and special purpose vehicles does not exceed EUR 25 million; (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02009L0138-20210630)100 000 000; Or. en
Amendment 556 #
Proposal for a directive
Article 1 – paragraph 1 – point 36
Article 1 – paragraph 1 – point 36
Directive 2009/138/EC
Article 77 – paragraph 5 a (new)
Article 77 – paragraph 5 a (new)
5a. The Cost-of-Capital rate referred to in paragraph 5 shall be assumed to be equal to 4,5%.
Amendment 566 #
Proposal for a directive
Article 1 – paragraph 1 – point 37
Article 1 – paragraph 1 – point 37
Directive 2009/138/EC
Article 77a – paragraph 2 – subparagraph 1
Article 77a – paragraph 2 – subparagraph 1
2. For the purpose of paragraph 1, second subparagraph, any parameters determining the speed of the convergence of the forward rates towards the ultimate forward rate of the extrapolation may be chosen such that on [OP please insert date = application date] the risk-free interest rate term structure is sufficiently similar to the risk-free interest rate term structure on that date determined in line with the rules for the extrapolation applicable on [OP please insert date = one day before date of application]. Those parameters of the extrapolation shall be decreased linearly at the beginning of each calendar year, during a transitional period. The final parameters of the extrapolation shall be applied as of 1 January 2032The extrapolated risk-free rate shall be determined as follows: rFSP+h = FSP+h√((1+rFSP)FSP * exp(h*fh)) - 1 Where: fh = ln(1+UFR) + [(LLFR - ln(1+UFR)] * ((1-exp(-a*h)/(a*h)) (a) UFR is the Ultimate Forward Rate (b) a is the convergence speed parameter (c) LLFR is the Last Liquid Forward Rate (d) FSP is the First Smoothing Point The convergence speed parameter a shall be set at 18%.
Amendment 714 #
Proposal for a directive
Article 1 – paragraph 1 – point 60 a (new)
Article 1 – paragraph 1 – point 60 a (new)
Directive 2009/138/EC
Article 186 – paragraph 1
Article 186 – paragraph 1
(60a) in paragraph 1 of Article 186, the following subparagraphs are added: ‘The right of cancellation shall expire no later than twelve months after the cancellation period provided for in the first subparagraph expired. If the insurance undertaking has provided the policyholder with the information required for the commencement of the cancellation period within twelve months from the day referred to in the first subparagraph, pursuant to the first subparagraph, the cancellation period shall commence on the day upon which the policyholder receives that information.’
Amendment 804 #
Proposal for a directive
Article 1 a (new)
Article 1 a (new)
Article 1 a Transitional provisions 1. With regard to contracts that have been concluded prior to [enter date of implementation for Member States of the changes to the Directive 2009/138/EC], the Member States may determine that a continuing right of cancellation that does not expire earlier shall expire twelve months after the end of the cancellation period referred to in Article 186 (1) (1). Member States which make use of this option shall ensure that the right of cancellation pursuant to this provision does not expire prior to [enter date 12 months after the date of implementation for Member States of the changes to the Directive 2009/138/EC]. 2. Member States which make use of the option provided for in the first paragraph shall notify the Commission accordingly.