35 Amendments of Sirpa PIETIKÄINEN related to 2017/0230(COD)
Amendment 348 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a a (new)
Article 1 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 1093/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(aa) paragraph 3 is replaced by the following: "3. The Authority shall also act in the field of activities of credit institutions, financial conglomerates, investment firms, payment institutions and e-money institutions in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting, non-financial reporting, and the integration of environmental, social and governance related factors, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02010R1093-" Or. en 20160112&from=EN)
Amendment 366 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point –i (new)
Article 1 – paragraph 1 – point 5 – point a – point –i (new)
Regulation (EU) No 1093/2010
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(-i) point (a) is replaced by the following: "(a) to contribute to the establishment of high-quality common regulatory and supervisory standards and practices, taking into account and anticipating environmental, social and governance considerations, in particular by providing opinions to the Union institutions and by developing guidelines, recommendations, and draft regulatory and implementing technical standards which shall be based on the legislative acts referred to in Article 1(2); (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)" Or. en
Amendment 444 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point d a (new)
Article 1 – paragraph 1 – point 7 – point d a (new)
Regulation (EU) No 1093/2010
Article 1 – paragraph 5 a (new)
Article 1 – paragraph 5 a (new)
Amendment 486 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11 – point a – point iii
Article 1 – paragraph 1 – point 11 – point a – point iii
Regulation (EU) No 1093/2010
Article 29 – paragraph 1 – point e
Article 29 – paragraph 1 – point e
(e) establishing sectoral and cross- sectoral training programmes, including with respect to technological innovationanticipating technological innovation, and environmental, social and governance related risks, facilitating personnel exchanges and encouraging competent authorities to intensify the use of secondment schemes and other tools;;
Amendment 487 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11 – point a – point iii a (new)
Article 1 – paragraph 1 – point 11 – point a – point iii a (new)
Regulation (EU) No 1093/2010
Article 29 – paragraph 1 – point e a (new)
Article 29 – paragraph 1 – point e a (new)
(iiia) the following point (ea) is added: “(ea) providing guidance on how to appropriately use forward-looking climate scenario analysis for financial institutions, built on standardised climate scenarios, including a well below 2°C scenario that is consistent with the Paris Agreement.”
Amendment 490 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11 – point a – point iii
Article 1 – paragraph 1 – point 11 – point a – point iii
Regulation (EU) No 1093/2010
Article 29 – paragraph 1 – point e b (new)
Article 29 – paragraph 1 – point e b (new)
(iiia) the following point (eb) is added: (eb) putting in place a monitoring system to assess material environmental, social and governance related risks built on standardised forward-looking climate scenarios.
Amendment 513 #
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Regulation (EU) No 1093/2010
Article 29a – paragraph 1 – subparagraph 2
Article 29a – paragraph 1 – subparagraph 2
The Strategic Supervisory Plan shall identify specific priorities for supervisory activities in order to promote consistent, efficient and effective supervisory practices and the common, uniform and consistent application of Union law and to address relevant micro-prudential trends, potential risks and vulnerabilities identified in accordance with Article 32. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1093&from=EN), anticipating new developments including new business models, sustainable finance aspects, and risk assessment models, identified in accordance with Article 32. Or. en
Amendment 580 #
Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point -a (new)
Article 1 – paragraph 1 – point 16 – point -a (new)
Regulation (EU) No 1093/2010
Article 32 – paragraph 1
Article 32 – paragraph 1
(-a) paragraph 1 is replaced by the following: "1. The Authority shall monitor and assess market developments in the area of its competence and, where necessary, inform the European Supervisory Authority (European Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets Authority), the ESRB and the European Parliament, the Council and the Commission about the relevant micro-prudential trends, potential risks and vulnerabilities, taking account of and anticipating technological innovation, innovative and sustainable business models, and integrating environmental, social and governance related factors. The Authority shall include in its assessments an economic analysis of the markets in which financial institutions operate and an assessment of the impact of potential market developments on such institutions. (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)" Or. en
Amendment 585 #
Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point -a (new)
Article 1 – paragraph 1 – point 16 – point -a (new)
Regulation (EU) No 1093/2010
Article 32 – paragraph 2 – point a a (new)
Article 32 – paragraph 2 – point a a (new)
Amendment 655 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point -a (new)
Article 1 – paragraph 1 – point 22 – point -a (new)
Regulation (EU) No 1093/2010
article 37 – paragraph 1 – subparagraph 1
article 37 – paragraph 1 – subparagraph 1
(-a) in paragraph 1, subparagraph 1 is replaced by the following: "1. To help facilitate consultation with stakeholders in areas relevant to the tasks of the Authority, a Banking Stakeholder Group shall be established which encompasses the knowledge and expertise needed to support the Authority to fulfill its duties following this Regulation, including knowledge and expertise in the area of technological innovation, innovative and sustainable business models, and environmental, social and governance related developments. The Banking Stakeholder Group shall be consulted on actions taken in accordance with Articles 10 to 15 concerning regulatory technical standards and implementing technical standards and, to the extent that these do not concern individual financial institutions, Article 16 concerning guidelines and recommendations. If actions must be taken urgently and consultation becomes impossible, the Banking Stakeholder Group shall be informed as soon as possible. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 658 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point -a a (new)
Article 1 – paragraph 1 – point 22 – point -a a (new)
Regulation (EU) No 1093/2010
article 37 – paragraph 2
article 37 – paragraph 2
(-a a) paragraph 2 is replaced by the following: "2. The Banking Stakeholder Group shall be composed of 30 members, representing in balanced proportions credit and investment institutions operating in the Union, their employees’ representatives as well as consumers, users of banking services, representatives of civil society and representatives of SMEs. At least five of its members shall be independent top- ranking academics. Ten of its members shall represent financial institutions, three of whom shall represent cooperative and savings banks. At least one member thereof shall represent environmental, social and governance related interests. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 666 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point a
Article 1 – paragraph 1 – point 22 – point a
Regulation (EU) No 1093/2010
Article 37 – paragraph 4 – subparagraph 1
Article 37 – paragraph 4 – subparagraph 1
(a) in paragraph 4, the last sentence of the first subparagraph is replaced by the following:subparagraph 1 is replaced by the following: "4. The Authority shall provide all necessary information subject to professional secrecy as set out in Article 70 and ensure adequate secretarial support for the Banking Stakeholder Group. Adequate compensation shall be provided to members of the Banking Stakeholder Group representing non-profit organisations, excluding industry representatives. The Banking Stakeholder Group may establish working groups on technical issues. These working groups shall encompass the knowledge and expertise needed to support the ESA fulfill their duties following this Regulation, including knowledge and expertise in the area of technological innovation, innovative and sustainable business models, and environmental, social and governance related developments. Members of the Banking Stakeholder Group shall serve for a period of four years, following which a new selection procedure shall take place. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 676 #
Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point b a (new)
Article 1 – paragraph 1 – point 22 – point b a (new)
Regulation (EU) No 1093/2010
Article 37 – paragraph 7
Article 37 – paragraph 7
(b a) Art 37 Para 7 is replaced with the following: "7. The Authority shall make public the opinions and advice of the Banking Stakeholder Group and the working groups, and the results of its consultations. " Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02010R1093-20160112)
Amendment 868 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
Regulation (EU) No 1094/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(1a) In Article 1, paragraph 3 is replaced by the following: "3. The Authority shall also act in the field of activities of insurance undertakings, reinsurance undertakings, financial conglomerates, institutions for occupational retirement provision and insurance intermediaries, in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting, non-financial reporting, and the integration of environmental, social and governance related factors provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN)" Or. en
Amendment 873 #
Proposal for a regulation
Article 2 – paragraph 1 – point 5 – point a – point -i (new)
Article 2 – paragraph 1 – point 5 – point a – point -i (new)
Regulation (EU) No 1094/2010
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(-i) point (a) is replaced by the following: "(a) to contribute to the establishment of high-quality common regulatory and supervisory standards and practices, taking into account and anticipating environmental, social and governance considerations, in particular by providing opinions to the Union institutions and by developing guidelines, recommendations, and draft regulatory and implementing technical standards which shall be based on the legislative acts referred to in Article 1(2); (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN)" Or. en
Amendment 876 #
Proposal for a regulation
Article 2 – paragraph 1 – point 5 – point a – point iii
Article 2 – paragraph 1 – point 5 – point a – point iii
Regulation (EU) No 1094/2010
Article 8 – paragraph 1 – point h
Article 8 – paragraph 1 – point h
(h) to foster the protection of policyholders, pensions scheme members and beneficiaries, consumers and investors; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN)ensure their "best interest" is determined with their consultation; Or. en
Amendment 910 #
Proposal for a regulation
Article 2 – paragraph 1 – point 13 – point a – point iii
Article 2 – paragraph 1 – point 13 – point a – point iii
Regulation (EU) No 1094/2010
Article 29 – paragraph 1 – point e
Article 29 – paragraph 1 – point e
(e) establishing sectoral and cross- sectoral training programmes, including with respect to and anticipating technological innovation, and environmental, social and governance related risks, facilitating personnel exchanges and encouraging competent authorities to intensify the use of secondment schemes and other tools;; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN)Or. en
Amendment 912 #
Proposal for a regulation
Article 2 – paragraph 1 – point 13 – point a – point iii a (new)
Article 2 – paragraph 1 – point 13 – point a – point iii a (new)
Regulation (EU) No 1094/2010
Article 29 – paragraph 1 – point e a
Article 29 – paragraph 1 – point e a
Amendment 914 #
Proposal for a regulation
Article 2 – paragraph 1 – point 13 – point a – point iii b (new)
Article 2 – paragraph 1 – point 13 – point a – point iii b (new)
Regulation (EU) No 1094/2010
Article 29 – paragraph 1 – point e b
Article 29 – paragraph 1 – point e b
Amendment 921 #
Proposal for a regulation
Article 2 – paragraph 1 – point 14
Article 2 – paragraph 1 – point 14
Regulation (EU) No 1094/2010
Article 29 a – paragraph 1 – subparagraph 2
Article 29 a – paragraph 1 – subparagraph 2
The Strategic Supervisory Plan shall identify specific priorities for supervisory activities in order to promote consistent, efficient and effective supervisory practices and the common, uniform and consistent application of Union law and to address relevant micro-prudential trends, potential risks and vulnerabilities identified in accordance with Article 32. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN), anticipating new developments including new business models, sustainable finance aspects, and risk assessment models, identified in accordance with Article 32. Or. en
Amendment 938 #
Proposal for a regulation
Article 2 – paragraph 1 – point 18 a (new)
Article 2 – paragraph 1 – point 18 a (new)
Regulation (EU) No 1094/2010
Article 32 – paragraph 1
Article 32 – paragraph 1
(18a) in Article 32, paragraph 1 is replaced by the following: "1. The Authority shall monitor and assess market developments in the area of its competence and, where necessary, inform the European Supervisory Authority (European Banking Authority) and the European Supervisory Authority (European Securities and Markets Authority), the ESRB and the European Parliament, the Council and the Commission about the relevant micro- prudential trends, potential risks and vulnerabilities, taking account of and anticipating technological innovation, innovative and sustainable business models, and integrating environmental, social and governance related factors. The Authority shall include in its assessments an economic analysis of the markets in which financial institutions operate and an assessment of the impact of potential market developments on such institutions. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN)" Or. en
Amendment 939 #
Proposal for a regulation
Article 2 – paragraph 1 – point 18 a (new)
Article 2 – paragraph 1 – point 18 a (new)
Regulation (EU) No 1094/2010
Article 32 – paragraph 2 – point a a (new)
Article 32 – paragraph 2 – point a a (new)
Amendment 948 #
Proposal for a regulation
Article 2 – paragraph 1 – point 25 – point -a (new)
Article 2 – paragraph 1 – point 25 – point -a (new)
Regulation (EU) No 1094/2010
Article 37 – paragraph 2
Article 37 – paragraph 2
(-a) in Article 37, paragraph 2 is replaced by the following: "2. The Insurance and Reinsurance Stakeholder Group shall be composed of 30 members, representing in balanced proportions insurance and reinsurance undertakings and insurance intermediaries operating in the Union, and their employees’ representatives, as well as consumers, users of insurance and reinsurance services, representatives of SMEs and representatives of relevant professional associations as well as relevant representatives of civil society. At least five of its members shall be independent top- ranking academics. Ten of its members shall represent insurance undertakings, reinsurance undertakings or insurance intermediaries, three of whom shall represent cooperative and mutual insurers or reinsurers. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1094&from=EN)At least one member thereof shall represent environmental, social and governance related interests and expertise." Or. en
Amendment 980 #
Proposal for a regulation
Article 3 – paragraph 1 – point 1 – point a a (new)
Article 3 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 1095/2010
Article 1 – paragraph 3
Article 1 – paragraph 3
(aa) paragraph 3 is replaced by the following: "3. The Authority shall also act in the field of activities of market participants in relation to issues not directly covered in the acts referred to in paragraph 2, including matters of corporate governance, auditing and financial reporting, non-financial reporting, and the integration of environmental, social and governance related factors, provided that such actions by the Authority are necessary to ensure the effective and consistent application of those acts. The Authority shall also take appropriate action in the context of take- over bids, clearing and settlement and derivative issues. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN)" Or. en
Amendment 981 #
Proposal for a regulation
Article 3 – paragraph 1 – point 1 – point b a (new)
Article 3 – paragraph 1 – point 1 – point b a (new)
Regulation (EU) No 1095/2010
Article 1 – paragraph 5 – subparagraph 1 – introductory part
Article 1 – paragraph 5 – subparagraph 1 – introductory part
(ba) in paragraph 5, subparagraph 1, the introductory part is replaced by the following: "5. The objective of the Authority shall be to protect the public interest by contributing to the short, medium and long- term stability and effectiveness of the financial system, for the Union economy, its citizens and businesses. The Authority shall contribute to: (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN) while rendering financial market activities more consistent with sustainable objectives and anticipating new risks and trends. The Authority shall contribute to:" Or. en
Amendment 984 #
Proposal for a regulation
Article 3 – paragraph 1 – point 5 – point a – point -i (new)
Article 3 – paragraph 1 – point 5 – point a – point -i (new)
Regulation (EU) No 1095/2010
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(-i) point (a) is replaced by the following: "(a) to contribute to the establishment of high- quality common regulatory and supervisory standards and practices, taking into account and anticipating environmental, social and governance considerations, in particular by providing opinions to the Union institutions and by developing guidelines, recommendations, and draft regulatory and implementing technical standards which shall be based on the legislative acts referred to in Article 1(2); (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN)" Or. en
Amendment 987 #
Proposal for a regulation
Article 3 – paragraph 1 – point 5 – point b
Article 3 – paragraph 1 – point 5 – point b
Regulation (EU) No 1095/2010
Article 3 – paragraph 1 a
Article 3 – paragraph 1 a
1a. " When carrying out its tasks in accordance with this Regulation, the authority shall take account of and anticipate technological innovation, innovative and sustainable business models, and the integration of environmental, social and governance related factors.; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN), including monitoring of how financial institutions identify, report, and address risks that environmental, social and governance factors may pose to financial stability, providing guidance on how sustainability considerations can be effectively embodied in relevant EU financial legislation, and promoting coherent implementation of these provisions upon adoption. Or. en
Amendment 998 #
Proposal for a regulation
Article 3 – paragraph 1 – point 7 – point d a (new)
Article 3 – paragraph 1 – point 7 – point d a (new)
Regulation (EU) No 1095/2010
Article 16 – paragraph 5 a (new)
Article 16 – paragraph 5 a (new)
Amendment 1009 #
Proposal for a regulation
Article 3 – paragraph 1 – point 11 – point a – point iii
Article 3 – paragraph 1 – point 11 – point a – point iii
2017/0230(COD)
Article 29 – paragraph 1 – point e
Article 29 – paragraph 1 – point e
(e) establishing sectoral and cross- sectoral training programmes, including with respect to and anticipating technological innovation, and environmental, social and governance related risks, facilitating personnel exchanges and encouraging competent authorities to intensify the use of secondment schemes and other tools;; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN)Or. en
Amendment 1010 #
Proposal for a regulation
Article 3 – paragraph 1 – point 11 – point a – point iii a (new)
Article 3 – paragraph 1 – point 11 – point a – point iii a (new)
Regulation (EU) No 1095/2010
Article 29 – paragraph 1 – point e a (new)
Article 29 – paragraph 1 – point e a (new)
Amendment 1013 #
Proposal for a regulation
Article 3 – paragraph 1 – point 11 – point a – point iii b (new)
Article 3 – paragraph 1 – point 11 – point a – point iii b (new)
Amendment 1060 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point -a (new)
Article 3 – paragraph 1 – point 23 – point -a (new)
Regulation (EU) No 1095/2010
Article 37 – paragraph 1 – subparagraph 1
Article 37 – paragraph 1 – subparagraph 1
(-a) in paragraph 1, subparagraph 1 is replaced by the following: "1. To help facilitate consultation with stakeholders in areas relevant to the tasks of the Authority, a Securities and Markets Stakeholder Group shall be established, which encompasses the knowledge and expertise needed to support the ESA fulfil their duties following this Regulation, including knowledge and expertise in the area of technological innovation, innovative and sustainable business models, and environmental, social and governance related developments. The Securities and Markets Stakeholder Group shall be consulted on actions taken in accordance with Articles 10 to 15 concerning regulatory technical standards and implementing technical standards and, to the extent that these do not concern individual financial market participants, Article 16 concerning guidelines and recommendations. If actions must be taken urgently and consultation becomes impossible, the Securities and Markets Stakeholder Group shall be informed as soon as possible. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN)" Or. en
Amendment 1061 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point -a a (new)
Article 3 – paragraph 1 – point 23 – point -a a (new)
Regulation (EU) No 1095/2010
Article 37 – paragraph 2
Article 37 – paragraph 2
(-aa) paragraph 2 is replaced by the following: "2. The Securities and Markets Stakeholder Group shall be composed of 30 members, representing in balanced proportions financial market participants operating in the Union, their employees’ representatives as well as consumers, users of financial services, representatives of civil society and representatives of SMEs. At least five of its members shall be independent top-ranking academics. Ten of its members shall represent financial market participants. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN)At least five members shall have in depth knowledge and expertise in the area of technological innovation, innovative and sustainable business models, and environmental, social and governance related developments. " Or. en
Amendment 1065 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point a a (new)
Article 3 – paragraph 1 – point 23 – point a a (new)
Regulation (EU) No 1095/2010
Article 37 – paragraph 4 – subparagraph 1
Article 37 – paragraph 4 – subparagraph 1
(a) in paragraph 4 the last sentence of the first, subparagraph 1 is replaced by the following: Members of the Securities and Markets Stakeholder Group shall serve for a period of two-and-a-half years, following which a new selection procedure shall take place. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32010R1095&from=EN)"4. The Authority shall provide all necessary information, subject to professional secrecy, as set out in Article 70, and ensure adequate secretarial support for the Securities and Markets Stakeholder Group. Adequate compensation shall be provided to members of the Securities and Markets Stakeholder Group that are representing non-profit organisations, excluding industry representatives. The Securities and Markets Stakeholder Group may establish working groups on technical issues. These working groups shall include knowledge and expertise in the area of technological innovation, innovative and sustainable business models, and environmental, social and governance related developments. At least one member shall represent environmental, social and governance related interests." Or. en
Amendment 1067 #
Proposal for a regulation
Article 3 – paragraph 1 – point 23 – point b a (new)
Article 3 – paragraph 1 – point 23 – point b a (new)
Regulation (EU) No 1095/2010
Article 37 – paragraph 7 a (new)
Article 37 – paragraph 7 a (new)