Activities of Pablo ZALBA BIDEGAIN related to 2013/0314(COD)
Plenary speeches (1)
Indices used as benchmarks in financial instruments and financial contracts (debate) ES
Amendments (2)
Amendment 532 #
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. Where a supervised entity intends to enter into a financial contract with a consumer, that supervised entity shall first obtain the necessary information regarding the consumer's knowledge and experience with respect to the benchmark, his financial situation and his objectives in respect of that financial contract, and the benchmark statement published in accordance with Article 15 and shall assess whether referencing the financial contract to and the financial contract uses a benchmark, the supervised entity should inform the consumer about the appropriateness of the use of thatis benchmark is suitable for himfor the proposed contract.
Amendment 537 #
Proposal for a regulation
Article 18 – paragraph 2
Article 18 – paragraph 2
2. Where the supervised entity considers, on the basis of the assessment under paragraph 1, that the benchmark is not suitablethat selected benchmark possess substantial risk for theis consumer, the supervised entity shallould warn the consumer in a writing with reasonsten form.