10 Amendments of Pervenche BERÈS related to 2017/0359(COD)
Amendment 58 #
Proposal for a regulation
Recital 42 a (new)
Recital 42 a (new)
(42a) With the aim of guaranteeing a level playing field and promote the transparency of the European market structure, Regulation (EU) No 600/2014 should be amended in order to subject systemic internalisers' quotes and execution prices to the tick size regime when dealing in all sizes.
Amendment 274 #
Proposal for a regulation
Article 60 – paragraph 1 – point 1 a (new)
Article 60 – paragraph 1 – point 1 a (new)
1a. In Article 1, the following paragraph is added : ‘This Regulation shall apply to any undertaking which carries out any of the activities referred to in points (3) and (6) of Section A of Annex I of Directive 2014/65/EU and, while not being a credit institution, a commodity and emission allowance dealer, a collective investment undertaking or an insurance undertaking, where one of the following applies: (i) the total value of its assets exceeds EUR 5 billion for three consecutive quarters, or (ii) the gross revenues stemming from its activities referred to in points (3) and (6) of Section A of Annex I of Directive 2014/65/EU exceeds EUR 500 million for two consecutive years.’
Amendment 293 #
Proposal for a regulation
Article 61 – paragraph 1 – point -1 a (new)
Article 61 – paragraph 1 – point -1 a (new)
Regulation (EU) No 600/2014
Article 17 a (new)
Article 17 a (new)
(-1a) The following Article is inserted: "Article 17a Systemic internalisers' quotes, price improvements on those quotes and execution prices shall comply with tick sizes set in accordance with Article 49 of Directive 2014/65/EU."
Amendment 298 #
Proposal for a regulation
Article 61 – paragraph 1 – point 1 – point a a (new)
Article 61 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 600/2014
Article 46 – paragraph 4 a (new)
Article 46 – paragraph 4 a (new)
(aa) the following paragraph is inserted: “4a. The third-country firm shall comply with the obligations laid down in paragraphs 3 and 6 to 10 of Article 16, in Articles 17, 23, 24, 25, 27, 28 and 30 of Directive 2014/65/EU and in Articles 14 to 28 of this Regulation. ESMA shall supervise the measures adopted pursuant thereto. In case the registered third-country firm chooses to establish a branch within the EU, ESMA shall examine the branch arrangements and, where appropriate, require the firm to adopt the changes needed to enforce the obligations and measures referred to in the first subparagraph with respect to the services and/or activities provided by the branch in the EU.”
Amendment 303 #
Proposal for a regulation
Article 61 – paragraph 1 – point 1 – point a b (new)
Article 61 – paragraph 1 – point 1 – point a b (new)
Regulation (EU) No 600/2014
Article 46 – paragraph 5
Article 46 – paragraph 5
Amendment 308 #
Proposal for a regulation
Article 61 – paragraph 1 – point 2 – point a
Article 61 – paragraph 1 – point 2 – point a
Regulation (EU) No 600/2014
Article 47 – paragraph 1 – subparagraph 1 – point a
Article 47 – paragraph 1 – subparagraph 1 – point a
(a) that firms authorised in that third country comply with legally binding prudential and, business conduct and organisational requirements which have equivalent effect to the requirements set out in this Regulation, in Directive 2013/36/EU, in Regulation (EU) No 575/2013, in Directive (EU) ----/--[IFD] and in Regulation (EU)--- -/---[IFR] and in Articles 5 to 13, 15 an in paragraphs 2, 4 and 5 of Directive 2014/65/EU and in the corresponding implementing measures adopted under those Regulations and Directives;
Amendment 312 #
Proposal for a regulation
Article 61 – paragraph 1 – point 2 – point a
Article 61 – paragraph 1 – point 2 – point a
(b) that firms authorised in that third country are subject to effective supervision and enforcement ensuring compliance with the applicable legally binding prudential and, business conduct and organisational requirements; and
Amendment 321 #
Proposal for a regulation
Article 61 – paragraph 1 – point 2 – point a a (new)
Article 61 – paragraph 1 – point 2 – point a a (new)
Regulation (EU) No 600/2014
Article 47 – paragraph 1 – subparagraph 2 – introductory part and point c
Article 47 – paragraph 1 – subparagraph 2 – introductory part and point c
(aa) in the second subparagraph of paragraph 1, the introductory part and point c are replaced by the following: “The prudential and business conductorganisational framework of a third country may be considered to have equivalent effect where that framework fulfils all the following conditions: (a) firms providing investment services and activities in that third country are subject to authorisation and to effective supervision and enforcement on an ongoing basis; (b) firms providing investment services and activities in that third country are subject to sufficient capital requirements and appropriate requirements applicable to shareholders and members of their management body; (c) firms providing investment services and activities are subject to adequate organisational requirements in the areas of internal control functions; and outsourcing. Or. en (https://eur-lex.europa.eu/legal- content/EN/TXT/HTML/?uri=CELEX:32014R0600&from=FR)
Amendment 328 #
Proposal for a regulation
Article 61 – paragraph 1 – point 2 a (new)
Article 61 – paragraph 1 – point 2 a (new)
Regulation (EU) No 600/2014
Article 48 – paragraph 1
Article 48 – paragraph 1
(2a) In Article 48, paragraph 1 is replaced with the following: “ESMA shall keep a register of the third- country firms allowed to provide investment services or perform investment activities in the Union in accordance with Article 46. The register shall be publicly accessible on the website of ESMA and shall contain information on the services or activities which the third-country firms are permitted to provide or perform and the reference of the competent authorityies responsible for their authorisation and supervision in the third country.” Or. en (https://eur-lex.europa.eu/legal- content/EN/TXT/HTML/?uri=CELEX:32014R0600&from=FR)
Amendment 337 #
Proposal for a regulation
Article 63 – paragraph 2 a (new)
Article 63 – paragraph 2 a (new)
2a. Article 61(-1) shall apply from ... [the date of entry into force of this Regulation].