Activities of Jean-Paul GAUZÈS related to 2010/0251(COD)
Plenary speeches (1)
Short selling and certain aspects of credit default swaps (debate)
Amendments (4)
Amendment 256 #
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. For the purposes of this Regulation, a natural or legal person shall be considered to have an uncovered position in a credit default swap relating to an obligation of a Member State or the Union, to the extent that the credit default swap is not serving to hedge against the risk of default of the issuer where the natural or legal person has a long position in the sovereign debt of that issuer or any long position in the debt of an issuer for whichthe risk of decline in value of any asset of the natural or legal person where the pricvalue of its debt has a highthe asset is positively correlation withed to the price of the obligation of a Member State or the Union. The party under a credit default swap that is obliged to make the payment or pay the compensation in the event of a default or a credit event relating to the reference entity does not by reason of that obligation have an uncovered position for the purposes of this paragraph.
Amendment 262 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. A natural or legal person who has a net short position in relation to the issued share capital of a company that has shares admitted to trading on a trading venue shall notify the relevant competent authority whenever the position reaches or falls below a relevant notification threshold referred to in paragraph 2of that fact upon the request of that competent authority.
Amendment 263 #
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
Amendment 279 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
A trading venue that has shares admitted to trading shall establish procedures that ensure that natural or legal persons executing orders on the trading venue mark sell orders as short orders if the seller is entering into a short sale of the share. The collected data shall be made available to the relevant competent authority. The trading venue shall publish at least daily a summary of the volume of orders marked as short orders. for each traded share on that trading venue.