7 Amendments of Zigmantas BALČYTIS related to 2010/0363(COD)
Amendment 120 #
Proposal for a regulation
Recital 19
Recital 19
(19) National regulatory authorities should be responsible for ensuring that this Regulation is enforcimplemented in the Member States and its implementation monitored. To this end they should have the necessary investigatory and supervisory powers to allow them to carry out this task efficiently.
Amendment 127 #
Proposal for a regulation
Recital 21
Recital 21
(21) National regulatory authorities and competent financial authorities should cooperate to ensure a coordinated approach to tackling market abuse on wholesale energy markets which encompasses both commodity markets and derivatives markets.
Amendment 132 #
Proposal for a regulation
Recital 23
Recital 23
(23) It is important that to establish a harmonised system of penalties and common minimum standards in this field. The penalties for breaches of this Regulation armust be proportionate and dissuasive, and reflect the gravity of the infringements and the potential gains from trading on the basis of inside information and market manipulation. Recognising the interactions between trading in electricity and gas derivative products and trading in actual electricity and gas, the penalties for breaches of this Regulation should be in line with the penalties adopted by the Member States in implementing Directive 2003/6/EC.
Amendment 146 #
Proposal for a regulation
Article 1 – paragraph 3
Article 1 – paragraph 3
The Agency, and national regulatory authorities and competent financial authorities shall cooperate to ensure that a coordinated approach is taken to the enforcement of the relevant rules where actions relate to one or more financial instruments to which the provisions of Article 9 of Directive 2003/6/EC apply and also to one or more wholesale energy products to which the provisions of Article 3 and Article 4 apply.
Amendment 250 #
Proposal for a regulation
Article 6 – paragraph 3 – subparagraph 1
Article 6 – paragraph 3 – subparagraph 1
3. The Agency shall at least on an annual basis submit a report to the European Parliament and the Commission on its activities under this Regulation. Such reports shall bring to the notice of the European Parliament and the Commission flaws in market rules, standards, and procedures which could facilitate insider trading and market manipulation or undermine the internal market. Reports may be combined with the report referred to in Article 11(2) of Regulation (EC) No 713/2009.
Amendment 313 #
Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 1
Article 11 – paragraph 2 – subparagraph 1
2. National regulatory authorities shall without delay inform the Agency in as specific a manner as possibleccordance with the procedure laid down where they have reasonable grounds to suspect that acts contrary to the provisions of this Regulation, are being, or have been, carried out either in that Member State or in another Member State.
Amendment 329 #
Proposal for a regulation
Article 13
Article 13
The Member StatesCommission shall lay down the rules on penalties applicable to standards for the application of penalties and ensure a harmonized system for the application of penalties in case of infringements of the provisions of this Regulation and. The Member States shall take all measures necessary to ensure that they are implementedimplementation of the standards laid down. The penalties provided for must be effective, proportionate and dissuasive. The Member States shall notify those provisions to the Commission by22 ... at the latest and shall notify it without delay of any subsequent amendment affecting them.