BETA

4 Amendments of Syed KAMALL related to 2014/0194(COD)

Amendment 36 #
Proposal for a regulation
Recital 13 a (new)
(13a) Since the adoption of the Regulation, international capital flows have both intensified and gained in complexity. The increased use of special purpose vehicles and legal constructions for channelling capital flows have made it more difficult to monitor such flows in order to ensure their adequate traceability and to avoid double or multiple accounting. The provisions of Regulation (EC) No 184/2005 should therefore be updated so as to improve transparency and granularity concerning BOP, ITS and FDI by enhancing reporting and publication requirements to take advantage of, but not limited to, recent innovations, such as the global legal entity identifier (GLEI), which forms part of the OECD’s proposals for improving reporting on financial account information, as well as by using recent legal innovations such as the registries of ultimate beneficial ownership established in the framework of the Anti-Money Laundering Directive
2015/05/20
Committee: ECON
Amendment 37 #
Proposal for a regulation
Recital 13 b (new)
(13b) Where methodologically possible, the statistics produced in the context of Regulation (EC) No 184/2005 should make it possible to distinguish greenfield FDI from FDI resulting in takeovers which for a given period do not increase the gross capital formation in the Member State or do not increase the working capital of the economic unit concerned by the change in ownership
2015/05/20
Committee: ECON
Amendment 44 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EC) No 184/2005
Article 3 – paragraph 1
(1a) In Article 3, paragraph 1 is replaced by the following: 1. Member States shall collect the information required pursuant to this Regulation using all the sources they consider relevant and appropriate. These may include, but are not limited to, administrative data sources such as business registers including the central registers of information on the ultimate beneficial owners of corporate and other legal entities referred to in the Anti- Money Laundering Directive xxx or the GLEI established by the OECD and the databases established in the framework of the Coordinated Direct Investment Survey (CDIS) initiative of the IMF.
2015/05/20
Committee: ECON
Amendment 48 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EC) No 184/2005
Article 5
(2a) Article 5 is replaced by the following Article 5 Data flows 1. The statistics to be produced shall be grouped for transmission to the Commission (Eurostat) according to the following data flows: (a) balance of payments euro indicators; (b) balance of payments quarterly statistics; (c) international trade in services; (d) foreign direct investment (FDI) flows; (e) FDI positions. The data flows2. Where methodologically possible the statistics to be produced shall aggregate FDI outflows on the basis of the country of incorporation of the ultimate beneficial owner of the economic unit controlling the outflow. 3. Where methodologically possible the statistics to be produced shall differentiate foreign direct investment (FDI) inflows between flows resulting in greenfield investments by an increase in gross capital formation or an increase in working capital of an economic unit from takeovers which result only in a change in ownership of an economic unit over the yearly reference period. 4. The statistics produced in conformity with paragraphs 1 to 3 shall be transmitted to the Commission (Eurostat). 5. The data flows referred to in paragraph 1 shall be as further specified in Annex I.
2015/05/20
Committee: ECON