BETA

12 Amendments of Pervenche BERÈS related to 2009/0142(COD)

Amendment 253 #
Proposal for a regulation
Recital 34
(34) Member States have a core responsibility in preserving financial stability in crisis management, in particular with regard to stabilising and resolving individual ailing financial institutions. Measures by the Authority in emergency or settlement situations affecting the stability of a financial institution should not impinge on the fiscal responsibilities of Member States. A mechanism should be established whereby Member States may invoke this safeguard and ultimately bring the matter before the Council for a decision. It is appropriate to confer on the Council a role in this matter given the particular responsibilities of the Member States in this respect.
2010/03/26
Committee: ECON
Amendment 324 #
Proposal for a regulation
Article 6 – paragraph 1 – point d a (new)
(da) cooperate closely with ESMA's Unit in charge of investor protection, authorisation and monitoring of products and their commercialisation, in particular by providing ESMA with the necessary information for the achievement of this task;
2010/03/26
Committee: ECON
Amendment 399 #
Proposal for a regulation
Article 8 – paragraph 1
The Authority shall, with a view to establishing consistent, efficient and effective supervisory practices within the ESFS, and to ensuring the common, uniform and consistent application of Community legislation, issue guidelines and recommendations addressed to competent authorities or financial institutions. On matters where the Authority is empowered by legislation to develop technical standards according to article 7 of the present regulation, it shall issue guidelines and recommendations only after the standards have been adopted.
2010/03/26
Committee: ECON
Amendment 616 #
Proposal for a regulation
Article 23 – paragraph 1
1. The Authority shall ensure that no decision adopted under Articles 10 or 11 impinges in any way on the fiscal responsibilities of Member States.
2010/03/26
Committee: ECON
Amendment 622 #
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 1
2. Where a Member State considers that a decision taken under Article 11 impinges on its fiscal responsibilities, it may notify the Authority and the Commission within one month after notification of the Authority's decision to the competent authority that the decision will not be implemented by the competent authority.deleted
2010/03/26
Committee: ECON
Amendment 625 #
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 2
In its notification, the Member State shall justify why and clearly demonstrate how the decision impinges on its fiscal responsibilities.deleted
2010/03/26
Committee: ECON
Amendment 628 #
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 3
In that case, the decision of the Authority shall be suspenddeleted.
2010/03/26
Committee: ECON
Amendment 629 #
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 4
Within a period of one month from the notification by the Member State, the Authority shall inform the Member State as to whether it maintains its decision or whether it amends or revokes it.deleted
2010/03/26
Committee: ECON
Amendment 630 #
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 5
Where the Authority maintains its decision, the Council, acting by qualified majority as defined in Article 205 of the Treaty, shall, within two months, decide whether the Authority's decision is maintained or revoked.deleted
2010/03/26
Committee: ECON
Amendment 635 #
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 6
Where the Council decides to maintain the Authority's decision, or where it does not take a decision within two months, the suspension of that decision shall be immediately terminadeleted.
2010/03/26
Committee: ECON
Amendment 642 #
Proposal for a regulation
Article 23 – paragraph 3 – subparagraph 3
The Council, acting by qualified majority as defined in Article 205 of the Treaty, shall, within teAuthority shall revoke its decision working days, decide whether the Authority's decision is maintained or revoked duly explain why it maintains it.
2010/03/26
Committee: ECON
Amendment 646 #
Proposal for a regulation
Article 23 – paragraph 3 – subparagraph 4
Where the Council does not take a decision within ten working days, the Authority's decision shall be deemed to be maintaindeleted.
2010/03/26
Committee: ECON