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4 Amendments of Miguel PORTAS related to 2009/0140(COD)

Amendment 99 #
Proposal for a regulation
Recital 9
(9) In order to increase their weight and legitimacy, such warnings and recommendations should be transmitted through the Councilmmission, and, where appropriate, the European Banking Authority established by Regulation (EC) No …/… the European Parliament and of the Council, the European Securities and Markets Authority established by Regulation (EC) No …/… of the European Parliament and of the Council, and the European Insurance or the Occupational Pension Authority established by Regulation (EC) No …/…of the European Parliament and of the CouncilSupervisory Authority (ESA).
2010/03/19
Committee: ECON
Amendment 148 #
Proposal for a regulation
Article 6 – paragraph 1 – point f a and subparagraph 1 a (new)
(fa) six independent persons who must be nominated by the General Board members with voting rights. The persons nominated under point (fa) shall not be members of the ESAs and shall be chosen on the basis of their general competence and commitment to the Union and their diverse backgrounds in academic fields or in the private sector, in particular in small and medium-sized enterprises, trade unions or as providers or consumers of financial services. At the time of their nomination, the General Board members shall indicate which person is designated also to serve on the Steering Committee. In carrying out their responsibilities, the persons nominated shall neither seek nor take instructions from any government, institution, body, office, entity or private person. They shall refrain from any action incompatible with their duties or the performance of their tasks.
2010/03/19
Committee: ECON
Amendment 151 #
Proposal for a regulation
Article 6 – paragraph 2
2. The following personsPresident of the Economic and Financial Committee shall be Ma members of the General Board without voting rights: (a) one high level representative per Member State of the competent national supervisory authorities; (b) the President of the Economic and Financial Committee.
2010/03/19
Committee: ECON
Amendment 226 #
Proposal for a regulation
Article 16 a (new)
Article 16a Action in emergency situations 1. In the event of adverse developments which may seriously jeopardise the orderly functioning and integrity of financial markets or the stability of the whole or part of the financial system in the European Union, the ESRB in accordance with point (b) of Article 3(2), may issue warnings, on its own initiative or following a request by an ESA, declaring the existence of an emergency situation. 2. As soon as it issues a warning, the ESRB shall simultaneously notify the European Parliament, the Council, the Commission and the European Supervisory Authority. Or. en Justification
2010/03/19
Committee: ECON