5 Amendments of Miguel PORTAS related to 2009/0099(COD)
Amendment 133 #
Proposal for a directive – amending act
Article 1 – point 9 a (new)
Article 1 – point 9 a (new)
Directiva 2006/48/EC
Article 136 – paragraph 1 – point e a (new)
Article 136 – paragraph 1 – point e a (new)
(9a) In Article 136(1), the following point is inserted: "(ea) requiring credit institutions to limit variable remuneration as a percentage of total net revenues when it is inconsistent with the maintenance of a sound capital base."
Amendment 168 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directiva 2006/48/EC
Anexo V – section 11 – point 22 – point f
Anexo V – section 11 – point 22 – point f
(f) Fixed and variable components of total remuneration are appropriately balanced; the fixed component represents a sufficiently high proportion of the total remuneration to allow the operation of a fully flexible bonus policy, including the possibility to pay no bonuspolicy on variable remuneration components, including the possibility to pay no variable remuneration components; in any event, the variable remuneration component does not exceed 25 % of the total remuneration of the individual concerned;
Amendment 178 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directiva 2006/48/EC
Annex V – section 11 – point 22 – point h a (new)
Annex V – section 11 – point 22 – point h a (new)
(ha) a substantial proportion of the variable remuneration component is made in shares or share-linked instruments of the credit institution, subject to the legal structure of the credit institution concerned, or, for non-listed credit institutions, in other non-cash instruments where appropriate, and this proportion is at least 50%; those shares, share-linked instruments and non-cash instruments are subject to an appropriate retention policy designed to align incentives with the longer-term interests of the credit institution, and the retention period is no less than three years, subject to the achievement of positive results during that period;
Amendment 182 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directiva 2006/48/EC
Annex V – section 11 – point 22 – point i
Annex V – section 11 – point 22 – point i
i) payment of the major part of a significant bonus is deferred for aa substantial proportion of the variable remuneration component is deferred over a sufficient period; the size of the deferred proportion and the length of the deferral period is established in accordance with the business cycle, the nature of the business, its risks, the activities of the member of staff in question and the achievement of positive results by the firm during the retention period; remuneration payable under deferral arrangements vests no faster than on ap propriate period-rata basis; at least 40 % of the variable remuneration component is deferred; and, is linked to the future performance of the firmn the event of a variable remuneration component of a particularly high amount, at least 60 % of the amount is deferred and the deferral period is no less than three years.
Amendment 186 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directiva 2006/48/EC
Annex V – section 11 – point 22 – point i a (new)
Annex V – section 11 – point 22 – point i a (new)
(ia) These principles are applied by financial institutions at group, parent company and subsidiary levels, including those established in offshore financial centres.