Activities of Marcel KOLAJA related to 2020/0155(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1129 as regards the EU Recovery prospectus and targeted adjustments for financial intermediaries to help the recovery from the COVID-19 pandemic
Amendments (13)
Amendment 27 #
Proposal for a regulation
Recital 12
Recital 12
(12) The Commission should, before 21 July 2022, present a report to the European Parliament and the Council on the application of this Regulation, accompanied where appropriate by a legislative proposal. This review should incorporate in its assessment whether the disclosure regime for EU Recovery prospectuses is appropriate to meet the objectives pursued by this Regulation. This assessment should cover the issue whether the EU Recovery prospectus stroke a proper balance between reduction of administrative burden for the issuer and investor protection.
Amendment 30 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) 2017/1129
Article 6 – paragraph 1 – subparagraph 1 – point c a (new)
Article 6 – paragraph 1 – subparagraph 1 – point c a (new)
(2a) in the first subparagraph of Article 6(1), the following point is added: "(ca) climate-related and environmental, social and governance risks, to the extent they are material."
Amendment 31 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) 2017/1129
Article 7 – paragraph 12 a – point b a (new)
Article 7 – paragraph 12 a – point b a (new)
(ba) available in the official language or at least one of the official languages of the host Member State, or in another language accepted by the competent authority of the host Member State;
Amendment 35 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EU) 2017/1129
Article 14 a – paragraph 2 – subparagraph 1 – point b
Article 14 a – paragraph 2 – subparagraph 1 – point b
(b) the essential information on the shares, the rights attached to the securities, including any limitations and procedure for the exercise of those rights, the reasons for the issuance and its impact on the overall capital structure of the issuer, the disclosure of capitalisation and indebtedness, a working capital statement and the use of proceeds.
Amendment 41 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Regulation (EU) 2017/1129
Article 20 – paragraph 6 a
Article 20 – paragraph 6 a
6a. By way of derogation from paragraphs 2 and 4, the time limits set out in the first subparagraph of paragraph 2 and in paragraph 4 shall be reduced to fiseven working days for an EU Recovery prospectus drawn up in accordance with Article 14a. The issuer shall inform the competent authority at least five working days before the date envisaged for the submission of an application for approval.
Amendment 54 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Regulation (EU) 2017/1129
Article 48 – paragraph 2 – point e
Article 48 – paragraph 2 – point e
(e) an analysis of whetherthe impact of the EU Recovery prospectuses strikes a proper balance between investor protection and the reduction of administrative burden for the persons entitled to use it.on investor protection and accessibility of the information;
Amendment 55 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Regulation (EU) 2017/1129
Article 48 – paragraph 2 – point e a (new)
Article 48 – paragraph 2 – point e a (new)
(ea) an analysis of the impact of the EU Recovery prospectuses on investor protection and accessibility of the information;
Amendment 69 #
Proposal for a regulation
Annex I
Annex I
The purpose is to describe the most material risks that are specific to the issuer and the shares, including climate-related and environmental, social and governance risks.
Amendment 70 #
Proposal for a regulation
Annex I
Annex I
Regulation (EU) 2017/1129
Annex Va – section V – point b a (new)
Annex Va – section V – point b a (new)
(ba) financial and non-financial objectives and strategy of the issuer in the context of the Covid-19-crisis and ecological transition;
Amendment 71 #
Proposal for a regulation
Annex I
Annex I
Regulation (EU) 2017/1129
Annex Va – section VIII a (new)
Annex Va – section VIII a (new)
Amendment 72 #
Proposal for a regulation
Annex I
Annex I
Regulation (EU) 2017/1129
Annex Va – section IX – title
Annex Va – section IX – title
IX. Working capital statement and statement on capitalisation and indebtedness
Amendment 73 #
Proposal for a regulation
Annex I
Annex I
Regulation (EU) 2017/1129
Annex Va – section IX
Annex Va – section IX
The purpose is to provide information on the issuer’s capitalisation and indebtedness and information as to whether or not the working capital is sufficient for the issuer’s present requirements or, if not,. If there is insufficient capital, a clear description of how the issuer proposes to provide the additional working capital needed is required.
Amendment 74 #
Proposal for a regulation
Annex I a (new)
Annex I a (new)
Regulation (EU) 2017/1129
Annex Va – section IXa (new)
Annex Va – section IXa (new)
IXa. Dividend policy and remuneration A description of the issuer’s policy on dividend distributions, including any restrictions thereon, and a description of the issuer’s remuneration policy, including all benefits awarded to individual directors, fixed and variable remuneration components, the number of shares and share options granted or offered, as well as an explanation on how the remuneration contributes to the business strategy, long-term performance and sustainability of the company.