21 Amendments of Sharon BOWLES related to 2009/0143(COD)
Amendment 183 #
Proposal for a regulation
Recital 30 a (new)
Recital 30 a (new)
(30a) In respect of supervisors operating in the colleges of supervisors, the Authority will determine and collect as appropriate all relevant information from competent authorities. Furthermore, it will take full account of the existing arrangements between national competent authorities and third-country supervisors, taking into accounting the core Crisis Management Groups of international colleges which have full access to information. The Authority should be a member of the Crisis Management Groups.
Amendment 187 #
Proposal for a regulation
Recital 32
Recital 32
(32) Where appropriate, the Authority should consult interested parties on technical standards, guidelines and recommendations and provide them with a reasonable opportunity to comment on proposed measures. For reasons of efficiency, an Insurance, Reinsurance and Occupational Pension Funds STo this end the Authority should put transparent procedures in place. For reasons of efficiency, two stakeholder Gs groups should be established for that purpose, – one for Insurance and Reinsurance and one for occupational retirement provision – representing in balanced proportions CommunityUnion insurance and reinsurance firms as well as occupational pension fundsinstitutions providing occupational retirement provision (including as appropriate institutional investors and other financial institutions which themselves use financial services), their employees and consumers and other retail users of the insurance, reinsurance and occupational pension services, including SMEs. The Insurance, Reinsurance and Occupational Pension Fundsose Stakeholder Groups should actively work as an interface with other user groups in the financial services area established by the Commission or CommunityUnion legislation. The Stakeholder Groups should coordinate their work, where appropriate.
Amendment 192 #
Proposal for a regulation
Recital 37
Recital 37
(37) A full time Chairperson, selectappointed by the European Parliament following an open selection procedure managed by the Board of Supervisors through an open competition, should represent the Authority. The management of the Authority should be entrusted to an Executive Director, who should have the right to participate in meetings of the Board of Supervisors and the Management Board without the right to vote.
Amendment 259 #
Proposal for a regulation
Article 7 a (new)
Article 7 a (new)
Article 7b Revocation of the delegation 1. The delegation of power referred to in Article 7 may be revoked by the European Parliament or by the Council. 2. The institution which has commenced an internal procedure for deciding whether to revoke the delegation of power shall endeavour to inform the other institution and the Commission stating the delegated powers which could be subject to revocation. 3. The decision of revocation shall put an end to the delegation of the powers specified in that decision. It shall take effect immediately or at a later date specified therein. It shall not affect the validity of the delegated acts already in force. It shall be published in the Official Journal of the European Union.
Amendment 260 #
Proposal for a regulation
Article 7 c (new)
Article 7 c (new)
Amendment 356 #
Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 1
Article 12 – paragraph 3 – subparagraph 1
3. The Authority shall, in cooperation with assist the supervisors operating in colleges of supervisors, determine and collect as appropriate all relevant information from national supervisory authorities, in order to facilitate the work of those colleges. The Authority shall take full account of the existing arrangements between national competent authorities and third-country supervisors, taking into account the core Crisis Management Groups of international colleges which have full access to information. The Authority shall be a member of the Crisis Management Groups.
Amendment 357 #
Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 2
Article 12 – paragraph 3 – subparagraph 2
Amendment 409 #
Proposal for a regulation
Article 22 – title
Article 22 – title
Insurance, Reinsurance and Occupational Pensions Stakeholder Group Retirement Provision Stakeholder Groups
Amendment 411 #
Proposal for a regulation
Article 22 – paragraph 1
Article 22 – paragraph 1
1. For the purpose of consultation with stakeholders in areas relevant to the tasks of the Authority, anThe Authority shall establish two stakeholder groups, namely one Insurance, and Reinsurance and Occupational Pension Funds Stakeholder Group shall be establishedStakeholder Group and one Occupational Retirement Provision Stakeholder Group, hereinafter referred to as the Stakeholder Groups, for the purpose of consultation with stakeholders in areas relevant to the tasks of the Authority.
Amendment 414 #
Proposal for a regulation
Article 22 – paragraph 2 – subparagraph 1
Article 22 – paragraph 2 – subparagraph 1
2. The Insurance, and Reinsurance and Occupational Pension Funds Stakeholder Group shall be composed of 30 members, representing in balanced proportions CommunityEuropean Union insurance and reinsurance firms as well as occupational pension funds, their employees as weconsumers and users of the insurance and reinsurance services. The Occupational Retirement Provision Stakeholder Group shall asbe consumers and users of the insurance, reinsurance and occupational pension servicemposed of 30 members, representing in balanced proportions European Union occupational pension institutions, their members and beneficiaries as well as sponsoring undertakings.
Amendment 421 #
Proposal for a regulation
Article 22 – paragraph 2 – subparagraph 2
Article 22 – paragraph 2 – subparagraph 2
The Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups shall meet at least twice a year.
Amendment 424 #
Proposal for a regulation
Article 22 – paragraph 3 – subparagraph 1
Article 22 – paragraph 3 – subparagraph 1
3. The members of the Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups shall be appointed by the Board of Supervisors of the Authority, following proposals from the relevant stakeholders.
Amendment 425 #
Proposal for a regulation
Article 22 – paragraph 3 – subparagraph 2
Article 22 – paragraph 3 – subparagraph 2
In making its decisions, the Board of Supervisors shall, to the extent possible, ensure an appropriate geographical balance and representation of stakeholders across the CommunityEuropean Union.
Amendment 430 #
Proposal for a regulation
Article 22 – paragraph 3 – subparagraph 3
Article 22 – paragraph 3 – subparagraph 3
The Authority shall ensure adequate secretarial support for the Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups.
Amendment 434 #
Proposal for a regulation
Article 22 – paragraph 4 – subparagraph 1
Article 22 – paragraph 4 – subparagraph 1
4. Members of the Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups shall serve for a period of two and a half years, following which a new selection procedure shall take place.
Amendment 441 #
Proposal for a regulation
Article 22 – paragraph 5
Article 22 – paragraph 5
5. The Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups may submit opinions and advice to the Authority on any issue related to the tasks of the Authority specified in Articles 7 and 8.
Amendment 448 #
Proposal for a regulation
Article 22 – paragraph 6
Article 22 – paragraph 6
6. The Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups shall adopt itstheir rules of procedure.
Amendment 451 #
Proposal for a regulation
Article 22 – paragraph 7
Article 22 – paragraph 7
7. The Authority shall make public the opinions and advice of the Insurance, Reinsurance and Occupational Pension Funds Stakeholder Groups and the results of itstheir consultations.
Amendment 513 #
Proposal for a regulation
Article 33 – paragraph 2
Article 33 – paragraph 2
2. The Chairperson shall be appointed by the Board of SupervisorsEuropean Parliament on the basis of merit, skills, knowledge of financial institutions and markets, and experience relevant to financial supervision and regulation, following an open selection procedure managed by the Board of Supervisors who shall select the three strongest candidates for consideration by the European Parliament. Before appointment, the three candidates selected by the Board of Supervisors shall be subject to confirmation by the European Parliament, who shall appoint one of them as Chairperson. The Board of Supervisors shall also elect from among its members an alternate who shall carry out the functions of the Chairperson in his absence.
Amendment 514 #
Proposal for a regulation
Article 33 – paragraph 2 – subparagraph 1
Article 33 – paragraph 2 – subparagraph 1
2. The Chairperson shall be appointed by the Board of Supervisors on the basis of merit, skills, knowledge of financial institutions and markets, and experience relevant to financial supervision and regulation on insurances, reinsurances and occupational retirement provision institutions, following an open selection procedure.
Amendment 558 #
Proposal for a regulation
Article 61 – paragraph 1 a (new)
Article 61 – paragraph 1 a (new)
1a. Participation in the work of the Authority shall also be open to third countries applying legislation which has been recognized as equivalent by the European Union in the areas of competence of the Authority, as referred to in Article 1 (2) and where such participation strengthens consistency in supervisory outcomes of direct interest to the Authority and these third countries. Their participation shall be subject to the conclusion of administrative arrangements referred to in Article 18.