10 Amendments of Sajjad KARIM related to 2007/2239(INI)
Amendment 1 #
Motion for a resolution
Indent 1 a (new)
Indent 1 a (new)
– having regard to the Second Council Directive 77/91/EEC of 31 January 1977 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, in respect of the formation of public limited liability companies and the maintenance and alteration of their capital, with a view to making such safeguards equivalent1,
Amendment 2 #
Motion for a resolution
Indent 3 a (new)
Indent 3 a (new)
Amendment 3 #
Motion for a resolution
Indent 8 a (new)
Indent 8 a (new)
– having regard to Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments1,
Amendment 4 #
Motion for a resolution
Indent 13 a (new)
Indent 13 a (new)
Amendment 5 #
Motion for a resolution
Indent 16 a (new)
Indent 16 a (new)
– having regard to Commission Directive 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive1 (MiFID Implementing Directive),
Amendment 6 #
Motion for a resolution
Indent 16 b (new)
Indent 16 b (new)
Amendment 7 #
Motion for a resolution
Indent 18 a (new)
Indent 18 a (new)
– having regard to the Study on Hedge Funds: Transparency and Conflict of Interest, commissioned by the Committee on Economic and Monetary Affairs1,
Amendment 8 #
Motion for a resolution
Recital A
Recital A
A. whereas it is recognised that alternative investment vehicles such as hedge funds and private equity funds can offer new diversification benefits for asset managers, increase market liquidity and the prospects of high returns for investors, contribute to the price discovery process, risk diversification and financial integration, and improve market efficiency,
Amendment 27 #
Motion for a resolution
Recital F
Recital F
F. whereas the primary reason forre is an international consensus expressed by the Commission, Member States, the cEurrent sub-prime crisis is not the lack of regulation of investors but the failure of rating agencies; whereas the rating agencies should therefore be made subject in principle to the same compliance rules as those applying to auditorsopean Central Bank, the Financial Stability Forum, the International Organization of Securities Commissions and others that it will take time to understand the full causes and effects of the sub-prime crisis; whereas neither hedge funds nor private equity are considered to be the cause of the current financial turmoil,
Amendment 32 #
Motion for a resolution
Recital H
Recital H
H. whereas numerous different business initiatives have established their own codes of best practice which may serve as a model for EU legislationcomplement formal EU legislation in areas that are difficult or undesirable to address in a more formalised way; whereas, in addition to complying with EU legislation, companies and business associations should be encouraged to establish their own code of best practice,