3 Amendments of Arlene McCARTHY related to 2011/0006(COD)
Amendment 302 #
Proposal for a directive
Recital 15 a (new)
Recital 15 a (new)
(15a) A full list of an undertaking’s assets is essential for supervisors to properly assess financial risks. This is particularly important under Directive 2009/138/EC, as undertakings have the freedom to make investment choices under the prudent person principle. Member States should therefore be able to require insurance and reinsurance undertakings to submit to the supervisory authorities a full list of assets on an item by item basis when such information is necessary for the competent authorities to effectively undertake their supervisory role.
Amendment 319 #
Proposal for a directive
Article 2 – point 4 – point -a (new)
Article 2 – point 4 – point -a (new)
Directive 2009/138/EC
Article 35 – paragraph 2 – point a – point i
Article 35 – paragraph 2 – point a – point i
(-a) In paragraph 2(a), point (i) is replaced by the following: ‘(i) at predefined periods, whereby, for periods of less than 12 months, regular supervisory reporting is limited to information that changes significantly in the course of the year or is necessary for the competent authorities to undertake their supervisory role effectively.’
Amendment 324 #
Proposal for a directive
Article 2 – point 4 – point -ab (new)
Article 2 – point 4 – point -ab (new)
Directive 2009/138/EC
Article 35 – paragraph 2 – subparagraph 1 a (new)
Article 35 – paragraph 2 – subparagraph 1 a (new)
(-ab) In paragraph 2, the following subparagraph is added: ‘Member States shall require insurance and reinsurance undertakings to submit to the supervisory authorities, as part of their regular reporting or on an ad hoc basis, only a full list of assets on an item by item basis, when such information is necessary for the competent authorities to undertake their supervisory role effectively.’