[ParlTrack]

Shadow reports (1)

2024/02/02
Committee: ECON
Dossiers: 2023/0363(COD)
Documents: PDF(290 KB) DOC(105 KB)
Authors: [{'name': 'Othmar KARAS', 'mepid': 4246}]

Amendments (4)

Erik POULSEN

Proposal for a regulation
Article 2 - paragraph 1 – point 6 a (new)

Regulation (EU) No 1093/2010
Article 80 a

(6a) the following Article is inserted: "Article 80a The Authority shall, by 31 June 2025, report to the Commission on the appropriateness of the following legislation: – Regulation 2019/2088 (SFDR) – Regulation 575/2013(CRR) – Regulation 596/2014 (MAR) More specifically, the Authority shall, where relevant, assess whether the above- mentioned legislation conforms with the following principles: – Whether the data required of the financial institution for the use by the competent authority is strictly necessary for supervisory purposes – Whether the data required of the financial institution for the use by the competent authority respects the principle of proportionality as regards the size and nature of the activities of the financial institution – Whether the same data is requested by different legislations and whether this data is communicated uniformly to the competent authority – Whether the cumulative impact of the reporting requirements is strictly necessary for consumer protection For the purpose of this report, the Authority shall take due account of input from relevant stakeholders. On the basis of that report, the Commission shall, by 31 December 2025, submit to the Parliament and the Council a legislative proposal to reduce excessive reporting requirements"

2024/01/10
Committee: ECON

Erik POULSEN

Proposal for a regulation
Article 3 – paragraph 1 – point 6 a (new)

Regulation (EU) No 1094/2010
Article 80 a new

~~Article 16~~(6a) the following Article is inserted: : "Article 80a The Authority shall, by 31 June 2025, report to the Commission on the appropriateness of the following legislation: – Directive 2009/138 (Solvency II) – Directive 2022/2464 (CSRD) – Regulation 2019/2088 (SFDR) – Regulation 2020/852 (Taxonomy Regulation) – Directive 2000/31 (E-Commerce Directive) – Regulation 2016/679 (GDPR) – Regulation 1286/2014 (PRIIPS) – Directive 2016/97 (IDD) – Directive 2002/87 ( Financial Conglomerates Directive) More specifically, the Authority shall, where relevant, assess whether the above- mentioned legislation conforms with the following principles: – Whether the data required of the financial institution for the use by the competent authority is strictly necessary for supervisory purposes – Whether the data required of the financial institution for the use by the competent authority respects the principle of proportionality as regards the size and nature of the activities of the financial institution – Whether the same data is requested by different legislations and whether this data is communicated uniformly to the competent authority – Whether the cumulative impact of the reporting requirements is strictly necessary for consumer protection For the purpose of this report, the Authority shall take due account of input from relevant stakeholders. On the basis of that report, the Commission shall, by 31 December 2025, submit to the Parliament and the Council a legislative proposal to reduce excessive reporting requirements"

2024/01/10
Committee: ECON

Erik POULSEN

Proposal for a regulation
Article 5 – paragraph -1 (new)

Regulation (EU) No 2021/523
Article 8 – paragraph 6 – introductory part

-1. In Article 8(6), the introductory part is replaced by the following: The Commission shall develop sustainability guidance that, in accordance with Union environmental and social objectives and standards and, taking appropriate account of the principle of ‘do no significant harm’ and considering differences between various types of infrastructure projects allows for:

2024/01/10
Committee: ECON

Erik POULSEN

Proposal for a regulation
Article 5 – paragraph -1 a (new)

Regulation (EU) No 2021/523
Article 13 – paragraph 7 – subparagraph 2

1a. In Article 13(7), subparagraph 2, is replaced by the following: Contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in point (a) of Article 16(1) under the EU guarantee referred to in the first subparagraph of Article 4(2) shall be signed at the latest ~~one year after the approval of the relevant financing or investment operation by the implementing partner~~by 31 August 2026. In other cases, contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in point (a) of Article 16(1) shall be signed by 31 December 2028.

2024/01/10
Committee: ECON

Activities of Erik POULSEN related to 2023/0363(COD)

Shadow reports (1)

Amendments (4)

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