11 Amendments of Lefteris CHRISTOFOROU related to 2020/2036(INI)
Amendment 74 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Calls for the removal of barriers, including the simplification of legislation , to diversify funding sources for SMEs, in order to promote SMEs’ ability toEuropean companies, with a particular focus on SMEs, in order to ensure access to equity markets, and to reduce the existing debt bias; points out that the current situation makes European companies and especially SMEs more fragile and vulnerable;
Amendment 97 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Takes the view that the efficiency of financial markets should be improved and that the listing of companies should be facilitated; encourages the creation and prioritisation of a large private pan- European fund, an Initial Public Offering (IPO) Fund, to support SME fundings;
Amendment 121 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Requests the strengthening of securitisation as a tool and a market through a series of measures to avoid a reduction of European bank lending in the fact of prudential regulation and the successful development of the CMU. These measures should include the realignment of the treatment of cash and synthetic securitisations, of the treatment of regulatory capital and liquidity with that of covered bonds and loans, as well as with the disclosure and due diligence requirements for covered bonds and simple, transparent and standardised (STS) securitisation, along with calibration of the Capital Requirements Regulation for the risk-weight floor calibration and a review of the eligibility criteria for securitisations in terms of the Liquidity Coverage Ration;
Amendment 130 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls for targeted measures in terms of alignment and simplification within securities market legislation to expedite the recovery after the COVID-19 crisis; supports changes in the Prospectus Regulation, the Markets in Financial Instruments Directive (MIFID), the Packaged Retail Investment and Insurance Products Regulation (PRIIPS), the Securitisation Regulation and the Market Abuse Regulation to facilitate investments in the real economy, in particular in SMEs, and to allow newcomers and new products to enter the markets, preserving consumer protection and market integrity;
Amendment 182 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Takes note of the limited use of the ELTIF vehicle throughout the European Union. Encourages the Commission to review the ELTIF regulation in light of the experience since its entry into force in order to make use of its full potential.
Amendment 183 #
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. Encourages the Commission to consider the introduction of an EU “de minimis” or exemption regime for distribution to professionals and/or semi- professional investors in the UCITS framework.
Amendment 198 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Stresses the need for European and national supervisory authorities to overcome their differences; calls for enhanced supervisory convergence to promote a common European model, guided by the European Securities and Market Authority (ESMA), to reduce the existing obstacles to cross- border financial operations;
Amendment 240 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Recalls the existence of different shortcomings in the legislation on packaged retail investment and insurance products (PRIIPs) that should be addressed in the next review; expects that Level 2 PRIIPs legislation on the Key Investor Document to respect level 1, in particular in relation to the performance scenarios; regrets the delays in the adoption of Level 2 PRIIPs legislation that will overlap with the first review of PRIIPs, and which increases legal uncertainty and costs for stakeholders;
Amendment 252 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Urges the Commission to make clear the differentiation between professional and retail investors on all levels of MIFID, making it possible to tailor the treatment of clients according to their knowledge and experience on the markets; requests that the Commission to consider the introduction of a category of semi-professional investors to better respond to the reality of participation on the financial marketsreality of participation on the financial markets by allowing more flexibility in the client categorisation, namely through opt-out options for certain obligations and opt-in options for certain clients or to lower the existing criteria for professional investors ;
Amendment 269 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. 1. Calls for amendments to legislation to ensure access to independent advice by financial intermediaries while avoidingithout undue promotion of the institution’s own financial products and while ensuring a fair marketing ofn appropriate marketing of all relevant financial products;
Amendment 326 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. 1. Reiterates that EU legislation provides for the possibility of considering third-country rules as equivalent based on a proportional and risk and fact-based analysis, and that such decisions should be taken through a delegated act on a rational basis; recalls that the EU can unilaterally withdraw any equivalence decision;