5 Amendments of Cristian GHINEA related to 2019/2092(DEC)
Amendment 4 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Notes that, according to the Court’s report, the Authority, in accordance with the related fees regulation, charges fees to credit rating agencies and such fees should exclusively cover the Authority’s expenditure related to the registration, certification and supervision of credit rating agencies; notes that, in 2017, the fees that the Authority charged credit rating agencies exceeded that expenditure by EUR 853 950 and the Authority spent that surplus on other activities, while in 2018, that expenditure exceeded the fees charged to credit rating agencies by EUR 224 664; notes that the cumulated deviation for the period from 2015 to 2018 amounts to EUR 540 412; observes, furthermore, that the Authority charges fees to trade repositories in accordance with the related fees regulation, and that such fees should exclusively cover expenditure related to the registration and supervision of trade repositories; notes that, in 2017, the Authority’s expenditure related to the registration and supervision of trade repositories exceeded the related fees charged by EUR 452 466, and that, in 2018, the Authority’s expenditure in that same field exceeded the related fees charged by EUR 30 882; notes that the cumulated deviation for the period from 2015 to 2018 amounts to EUR 545 735 (or 6 %); observes that, although the Authority followed the guidance provided by the Commission, surpluses and deficits can lead to an annual cross-financing of activities; notes the Authority’s reply that in 2017, it had to reallocate resources to work on a particular risk related to trade repositories, resulting in a gap between the collected fees and the actual expenditures, while always using the Commission’s guidance on the budgeting model for its fees, and that any short-term imbalance has to be offset in the long term; calls on the Authority to avoidcontinue limiting such cross- financing, for example by adjusting the annual fees with the surpluses as long as significandt deficits from previous years or by introducviations are not recurrent ing the assigned revenue model for fee-related activitiesAuthority’s budget;
Amendment 6 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Notes that the Authority’s workload is constantly evolving and includes both regulatory tasks and enforcing and applying Union law;
Amendment 10 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Questions whether the resources allocated to the Authority are sufficient to enable it to fully fulfil its increasing tasks, for example in the fields of securitisation, Prospectus 3 and Money Market Funds (MMFs) where the workload increased but no new staff has been allocated;
Amendment 12 #
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Questions whether the use of temporary workers and external consultancies rather than increasing the number of its own staff is the best use of resources in the long-term;
Amendment 15 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that, according to the Court’s report, in 2018, the Authority launched the procurement procedure for the renting of new office space in Paris; notes that initially the Authority had planned a joint procurement procedure with other Union bodies, such as EBA, which was, at the time, preparing for its relocation from London to Paris; notes that the Authorities came to the conclusion that the envisaged advantages of a joint procurement procedure would not materialise and that the Authority and EBA carried out separate procurement procedures for the renting of their office space and other related services, missing the opportunity for economies of scale and efficiency; calls on the Authority to cooper; calls on the Authority to strengthen cooperation with the EBA, and other agencies as appropriate, and to use joint procurement procedures wherever possible;