6 Amendments of Jürgen KLUTE related to 2010/0199(COD)
Amendment 50 #
Proposal for a directive
Recital 5 a (new)
Recital 5 a (new)
(5a) In order to strengthen the consumer protection, every investment advisor providing investment advice to end consumers in the Union should have contracted a third-party insurance covering bad advice. The advisor should proof in its advertising folders and in communication with consumers that such a third-party insurance is contracted. Additionally the advisor proofs which compensation scheme it belongs to. These requirements could be proved by a seal of approval. Commission is asked to propose amending acts of the respective directives to implement this in the Union’s legislation.
Amendment 64 #
Proposal for a directive – amending act
Article 1 – point 2 – point a
Article 1 – point 2 – point a
The Member States shall encourage an institutionalised dialogue between consumer protectors, authorities, supervisory authorities and investor compensation schemes to prevent further compensation cases. The Member States shall establish a dialogue framework to detect problems at an early stage and report problems such as dysfunctional market practices, conspicuous providers, products or company structures to supervision and investor compensation schemes.
Amendment 82 #
Proposal for a directive – amending act
Article 1 – point 4 – point a
Article 1 – point 4 – point a
Directive 97/9/EC
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
1. Member States shall ensure that schemes provide for coverage of EUR 5100 000 for each investor in respect of the claims referred to in Article 2(2a) or (2c).
Amendment 90 #
Proposal for a directive – amending act
Article 1 – point 4 – point d
Article 1 – point 4 – point d
(d) Paragraph 4 is deleted.replaced by the following: " [...] The cover provided in paragraph 1 or that referred to in paragraph 3 shall be limited to 95 % of an investor’s claim [...] as long as the amount to be paid under the scheme is less than EUR 100 000."
Amendment 132 #
Proposal for a directive – amending act
Article 1 – point 5
Article 1 – point 5
Directive 97/9/EC
Article 4a – paragraph 8 – subparagraph 1
Article 4a – paragraph 8 – subparagraph 1
8. Member States shall ensure thatfind measures allowing schemes to make up to 10% of the ex-ante funding amount of the schemes referred to in Article 4a (2) is available for lending to other schemes under the conditions established in Article 4c.
Amendment 155 #
Proposal for a directive – amending act
Article 1 – point 7
Article 1 – point 7
Directive 97/9/EC
Article 9 – paragraph 2 – subparagraph 6 a (new)
Article 9 – paragraph 2 – subparagraph 6 a (new)
6a. Member States shall ensure that the recovery of the amounts provisionally paid out is dependent on the financial situation of the investor involved. According to the respective average receipts and expenditures of the investor the refund may be paid by instalments, postponed or suspended. The Commission shall adopt, by means of delegated acts in accordance with Article 13a and subject to the conditions of Articles 13b and 13c measures specifying the implementation of this paragraph.