Activities of Arlene McCARTHY related to 2011/0307(COD)
Plenary speeches (1)
Transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market (A7-0292/2012 - Arlene McCarthy) (vote)
Reports (1)
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and Commission Directive 2007/14/EC PDF (437 KB) DOC (599 KB)
Amendments (1)
Amendment 48 #
Proposal for a directive
Article 1 – point 5 a (new)
Article 1 – point 5 a (new)
Directive 2004/109/EC
Article 6 a (new)
Article 6 a (new)
(5a) The following Article is inserted: ´Article 6a Principles for reporting on payments to governments For the purposes of transparency and investor protection, Member States shall require the following principles to apply to reporting on payments to governments: (a) integrated reporting: the report on payments to governments shall form part of the annual financial report and shall be in an easily accessible and comparable format and in particular shall allow payments to be linked to projects; (b) materiality: any payment which is deemed to have a significant impact on a country's economy or society at a local, regional or national level shall be reported; any thresholds shall capture such impacts; rules shall be put in place to ensure that any threshold cannot be circumvented; (c) project-by-project reporting: reporting shall be done on a project-by-project basis, taking into account the local and regional impact for defining a project; the project definition shall include criteria such as licence, lease, concession or other similar legal agreement; (d) universality: all issuers shall be subject to the reporting requirements; no exemptions shall be made which have a distortive impact and allow issuers to exploit lax transparency requirements; (e) comprehensiveness: all relevant payments and revenues paid to governments shall be reported, including payments in kind, operating costs and payments to significant suppliers of services, including payments for the state provision of services; (f) comparability: the reporting on all payments to governments shall be such as to allow data for different countries to be compared easily.´.