3 Amendments of Pascal CANFIN related to 2011/0360(COD)
Amendment 9 #
Proposal for a directive
Article -1 (new)
Article -1 (new)
2003/41/EC
Article 18
Article 18
Article -1 Amendments to Directive 2003/41/EC Directive 2003/41/EC is amended as follows: In Article 18, the following paragraph is inserted: "1a. Institutions shall not include investment rules that would result in the automatic sale of assets in the event of a downgrade of their creditworthiness by an external credit rating agency."
Amendment 11 #
Proposal for a directive
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
2009/65/EC
Article 51 – paragraph 3 a (new)
Article 51 – paragraph 3 a (new)
(1a) the following paragraph is inserted: "3a. A UCITS shall not include in its fund rules any rule that that would result in the automatic sale of its assets in the event of a downgrade of its creditworthiness by an external credit rating agency."
Amendment 12 #
Proposal for a directive
Article 2 – paragraph – point 1 a (new)
Article 2 – paragraph – point 1 a (new)
2011/61/EU
Article 15 – paragraph 3 a (new)
Article 15 – paragraph 3 a (new)
(1a) the following paragraph is inserted: "3a. The AIFM shall ensure that the AIF is not required automatically to sell any of its assets in the event of a downgrade of its creditworthiness by an external credit rating agency."