2 Amendments of Pascal CANFIN related to 2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 11 a (new)

Regulation (EU) No 600/2014
Article 25 – paragraph 1

~~1. Investment firms shall keep at the disposal of the competent authority, for five years, the relevan~~(11 a) in Article 25, paragraph 1 is replaced by the following: ‘1. Member States shall require investment firms to ensure and demonstrate to competent authorities on request that dnata relating to all orders and all transactions in financial instruments which they have carried out, whether on own account or on behalf of a client. In the case of transactions carried out on behalf of clients,ural persons giving investment advice or information about financial instruments, investment services or ancillary services to clients on behalf of the investment firm possess the rnec~~ords shall contain all the information and details of the identity of the~~essary knowledge and competence, including in the field of sustainability preferences of clients, and the information required under Directive 2005/60/EC of the European Parliament and of the Council ( 10 ). ESMA may request access to that information in accordance with the procedure and under the conditions set out in Article 35 of Regulation (EU) No 1095/2010to fulfil their obligations under Article 24 and this Article. Member States shall publish the criteria to be used for assessing such knowledge and competence.

2022/10/21
Committee: ECON

Pascal CANFIN

Proposal for a regulation
Article 1 – paragraph 11 b (new)

Regulation (EU) No 600/2014
Article 25 – paragraph 3a (new)

(11 b) the following paragraph is inserted: ‘3a. When providing investment advice to retail clients, investment firms shall amongst the products proposed include at least one product that is covered by Article 9(1) or 9(2) of Regulation (EU)2019/2088.’

2022/10/21
Committee: ECON

2 Amendments of Pascal CANFIN related to 2021/0385(COD)

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