Activities of Pervenche BERÈS related to 2008/0082(COD)
Plenary speeches (1)
Securities settlement systems and financial collateral arrangements (debate)
Amendments (4)
Amendment 31 #
Proposal for a directive – amending act
Article 1 – point 2 - subpoint f
Article 1 – point 2 - subpoint f
Directive 98/26/EC
Article 2 – point n
Article 2 – point n
“(n) ‘interoperable systemarrangements’ shall mean a system thatny arrangements entersed into an agreement with oneby two or more system operators that entail the establishment of mutual solutions and not simply connecting to existing standard service offerings;
Amendment 32 #
Proposal for a directive – amending act
Article 1 – point 2 – subpoint f
Article 1 – point 2 – subpoint f
Directive 98/26/EC
Article 2 – point o
Article 2 – point o
(o) ‘system operator’ shall mean the entity in charge of the day -to -day operation of a system and legally responsible for participants. A system operator may also act as a settlement agent, central counterparty or clearing house.”
Amendment 35 #
Proposal for a directive – amending act
Article 1 – point 3 – subpoint b
Article 1 – point 3 – subpoint b
Directive 98/26/EC
Article 3 – paragraph 4
Article 3 – paragraph 4
4. “In the case of interoperable systemarrangements, each system determines in its own rules on the moment of revocation in its system. O, so as to ensure, as far as possible, that the rules of all systems which are party to an interoperable arrangement are coordinated in this regard. Unless expressly provided otherwise by the rules of all the interoperable arrangements concerned, one system’s rules on the moment of revocation shall not be affected by any rules of the other systems with which it is interoperable.”
Amendment 37 #
Proposal for a directive – amending act
Article 1 – point 4 (new)
Article 1 – point 4 (new)
Directive 98/26/EC
Article 5 – subparagraph 2
Article 5 – subparagraph 2
(4) In Article 5, the following subparagraph is added: “In is replaced by the following: “Article 5 A transfer order may not be revoked by a participant in a system, nor by a third party, from the moment defined by the rules of that system. In the case of interoperable systemarrangements, each system determines in its own rules on the moment of irrevocation in its system. Obility, so as to ensure, as far as possible, that the rules of all systems which are party to an interoperable arrangement are coordinated in this regard. Unless expressly provided otherwise by the rules of all the systems that are party to the interoperable arrangement, one system’s rules on the moment of irrevocationbility shall not be affected by any rules of the other systems with which it is interoperable.”