3 Amendments of Hans-Peter MAYER related to 2007/0143(COD)
Amendment 29 #
Proposal for a directive
Recital 13 a (new)
Recital 13 a (new)
(13a) The new solvency régime will result in even better protection for all concerned; this will require the Member States to provide the authorities responsible for financial supervision with adequate resources. This obligation will be backed up by the Member States' duty to implement the directive in full, and also by the case-law of the Court of Justice and national provisions relating to state liability;
Amendment 36 #
Proposal for a directive
Article 4
Article 4
(1) WFor the first three years after the date referred to in Article 310(1), without prejudice to Articles 5 to 10, this Directive shall not apply to insurance undertakings whose annual premium income does not exceed EUR 5 million. (2) If the amount set out in paragraph 1 is exceeded for three consecutive years this Directive shall apply from the fourth year.
Amendment 39 #
Proposal for a directive
Article 41 − Paragraph 1 a (new)
Article 41 − Paragraph 1 a (new)
(1a) For the purpose of this section, 'function' shall mean capacity to carry out specific practical tasks. How insurance and reinsurance undertakings comply with the individual governance requirements laid down in Article 43, 45, 46 and 47 shall be a matter for their commercial judgment.