Activities of Corien WORTMANN-KOOL related to 2010/0250(COD)
Plenary speeches (1)
Derivatives, central counterparties and trade repositories (debate)
Amendments (3)
Amendment 162 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15 a) Pension funds as defined in Directive 2003/41/EC with a risk averse risk-profile and that use derivates to hedge their pension liability risks should be made subject to the reporting obligations and the risk mitigation techniques for OTC derivative contracts not cleared by a CCP as laid down in this regulation. These pensions will however not be subject to the clearing obligation in order to avoid disproportionate costs for pensioners.
Amendment 285 #
Proposal for a regulation
Article 2 – paragraph 1 – point 22 a (new)
Article 2 – paragraph 1 – point 22 a (new)
(22 a) 'Pension scheme' means either an occupational pension scheme (meaning an institution for occupational retirement provision as defined in Directive 2003/41/EC) or a personal pension scheme (meaning an arrangement where the provisions of national law accord particular benefits to the client in relation to the product by virtue of its use for the purpose of retirement planning).
Amendment 313 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1 a. Derivative contracts that are objectively measurable as reducing risks directly related to the financial solvency of a pension scheme shall be excluded from the clearing obligation set out in this article.