6 Amendments of Anni PODIMATA related to 2010/0250(COD)
Amendment 133 #
Proposal for a regulation
Recital 5
Recital 5
(5) At the 26 September 2009 summit in Pittsburgh, G20 Leaders agreed that all standardised OTC derivative contracts should be traded on-exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties (CCP) by end-2012 at the latest and that OTC derivative contracts should be reported to trade repositories. In June 2010, G20 Leaders in Toronto reaffirmed their commitment and also committed to accelerate the implementation of strong measures to improve transparency and regulatory oversight of over-the-counter derivatives in an internationally consistent and non- discriminatory way. The Commission will endeavour to ensure that these commitments are implemented in a similar way by our international partners.
Amendment 221 #
Proposal for a regulation
Recital 53 a (new)
Recital 53 a (new)
(53 a) To ensure coherent and effective legislation and due to the close links between trading and post-trading, this regulation should be aligned with the Markets in Financial Services Directive (MiFID), which deals with trading in financial instruments. MiFID will determine the appropriate trading venue requirements to be imposed on the venues on which OTC derivatives as defined in EMIR, are executed. These requirements may include transparency, access, order execution, surveillance, robustness and system safety as well as other necessary requirements.
Amendment 258 #
Proposal for a regulation
Article 2 – paragraph 1 – point 5
Article 2 – paragraph 1 – point 5
(5) ’over the counter (OTC) derivatives' means derivative contracts whose execution does not take place on a regulated market, where all contracts are CCP cleared, as defined by Article 4 (1) point 14 of Directive 2004/39/EC;
Amendment 401 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
A CCP that has been authorised to clear eligible OTC derivative contracts shall accept clearing such contracts on a non- discriminatory basis, regardless of the venue of execution, to the extent that those venues comply with the operational and technical requirements established by the CCP as well as with its access and risk management requirements.
Amendment 668 #
Proposal for a regulation
Article 23 – paragraph 4 a (new)
Article 23 – paragraph 4 a (new)
Amendment 964 #
Proposal for a regulation
Article 68 a (new)
Article 68 a (new)
Article 68a The European Securities Markets Authority (ESMA) shall receive adequate additional funding to effectively perform the regulatory and supervisory tasks which are included in this regulation.