BETA

6 Amendments of Peter SIMON related to 2011/0361(COD)

Amendment 283 #
Proposal for a regulation
Article 1 – point 10 – point c
Regulation (EC) No 1060/2009
Article 8 – paragraph 5a – subparagraph 2
After expiry of the consultation period referred to in the first subparagraph, the credit rating agency shall notify ESMA of the results of the consultation and the intended changes or proposed new methodologies.
2012/04/17
Committee: ECON
Amendment 291 #
Proposal for a regulation
Article 1 – point 10 – point d – point ii
Regulation (EC) No 1060/2009
Article 8 – paragraph 6 – point aa
aa) immediately publish on its website the results of the consultation and the new methodologies together with a detailed explanation thereof;
2012/04/17
Committee: ECON
Amendment 388 #
Proposal for a regulation
Annex I – point 1 – point b – point ii
Regulation (EC) No 1060/2009
Annex I – Section B – point 3 – paragraph 1 – point aa
(aa) a shareholder or member of a credit rating agency holding, directly or indirectly, 10% or more of either the capital or the voting rights of that credit rating agency or being otherwise in a position to exercise significant influence on the business activities of the credit rating agency, directly or indirectly owns financial instruments of the rated entity or a related third party or has any other direct or indirect ownership interest in that entity or party, or owns structured financial instruments based on financial instruments or equity shares of the rated entity or third party other than holdings in diversified collective investment schemes, including managed funds such as pension funds or life insurance, which do not put him in a position to exercise significant influence on the business activities of the scheme;
2012/04/17
Committee: ECON
Amendment 391 #
Proposal for a regulation
Annex I – point 1 – point b – point ii a (new)
Regulation (EC) No 1060/2009
Annex I – Section B – point 3 – paragraph 1 – point ab (new)
(iia) The following point (ab) is inserted after point (a): ‘(ab) the rating agency or the persons referred to in paragraph 1or a shareholder or a member of the rating agency own financial instruments of the rated State or structured financial instruments based on financial instruments of the rated State, other than holdings in diversified collective investment schemes, including managed funds such as pension funds or life insurance, which do not put them in a position to exercise significant influence on the business activities of those schemes;’
2012/04/17
Committee: ECON
Amendment 392 #
Proposal for a regulation
Annex I – point 1 – point b – point ii b (new)
Regulation (EC) No 1060/2009
Annex I – Section B – point 3 – paragraph 1 – point ac (new)
(iib) The following point (ac) is inserted after point (a): ‘(ac) the rating agency or persons referred to in paragraph 1 own structured financial instruments based on financial instruments of the rated entity or related third party;’
2012/04/17
Committee: ECON
Amendment 412 #
Proposal for a regulation
Annex I – point 4 – point g
Regulation (EC) No 1060/2009
Annex I – Section D – Part I – point 6
(6) A credit rating agency shall disclose on its websiteprovide ESMA, on an ongoing basis, with detailed information about all entities or debt instruments submitted to it for their initial review or for preliminary rating. Such disclosureinformation shall be maprovided whether or not issuers contract with the credit rating agency for a final rating.
2012/04/17
Committee: ECON