6 Amendments of Peter SIMON related to 2011/0361(COD)
Amendment 283 #
Proposal for a regulation
Article 1 – point 10 – point c
Article 1 – point 10 – point c
Regulation (EC) No 1060/2009
Article 8 – paragraph 5a – subparagraph 2
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.
Amendment 291 #
Proposal for a regulation
Article 1 – point 10 – point d – point ii
Article 1 – point 10 – point d – point ii
Regulation (EC) No 1060/2009
Article 8 – paragraph 6 – point aa
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;
Amendment 388 #
Proposal for a regulation
Annex I – point 1 – point b – point ii
Annex I – point 1 – point b – point ii
Regulation (EC) No 1060/2009
Annex I – Section B – point 3 – paragraph 1 – point aa
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;
Amendment 391 #
Proposal for a regulation
Annex I – point 1 – point b – point ii a (new)
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)
Annex I – Section B – point 3 – paragraph 1 – point ab (new)
Amendment 392 #
Proposal for a regulation
Annex I – point 1 – point b – point ii b (new)
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)
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;’
Amendment 412 #
Proposal for a regulation
Annex I – point 4 – point g
Annex I – point 4 – point g
Regulation (EC) No 1060/2009
Annex I – Section D – Part I – point 6
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.