9 Amendments of Cătălin Sorin IVAN related to 2016/0365(COD)
Amendment 280 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
Amendment 286 #
Proposal for a regulation
Article 3 – paragraph 6
Article 3 – paragraph 6
6. Where tThe resolution authority in a Member State is not the competent ministry, the resolution authority shall inform the competent ministry in a timely manner of the decisions taken pursuant to this Regulation.
Amendment 287 #
Proposal for a regulation
Article 3 – paragraph 7
Article 3 – paragraph 7
7. Where the decisions referred to in paragraph 6 have a direct fiscal impact or systemic implications, the resolution authority shall obtain the approval of the competent ministryrelevant executive and legislative decision making bodies before their implementation unless otherwiseas stipulated in nationalby law.
Amendment 381 #
Proposal for a regulation
Article 13 – paragraph 4 a (new)
Article 13 – paragraph 4 a (new)
4a. The resolution plan shall make prudent assumptions, that would therefore still be valid in extreme scenarios including the default of several additional clearing members beyond the largest two compounded by the resulting troubles in other large CCPs, regarding the financial resources that may be required to achieve the resolution objectives and the resources that it expects to be available in accordance with the CCP’s rules and arrangements at the time of entering into resolution.
Amendment 432 #
Proposal for a regulation
Article 19 – paragraph 1 – introductory part
Article 19 – paragraph 1 – introductory part
1. Where a CCP infringes or is likely to infringe in the near future the prudential requirements of Regulation (EU) No 648/2012, or poses a risk to the financial stability of the Union financial system or parts thereof, or where the competent authority has determined that there are other indications of an emerging crisis situationdevelopments that could affect the operations of the CCP, in particular its ability to provide clearing services, the competent authorities may:
Amendment 494 #
Proposal for a regulation
Article 27 – paragraph 9 – introductory part
Article 27 – paragraph 9 – introductory part
9. The resolution authority mayshall recover any reasonable expenses, including an appropriate risk premium, incurred in connection with the use of the resolution tools or powers or government financial stabilisation tools in any of the following ways:
Amendment 523 #
Proposal for a regulation
Article 31 – paragraph 2 a (new)
Article 31 – paragraph 2 a (new)
2a. The resolution authority shall define the amount of the resolution cash call to be included in the operating rules, which shall at the minimum be equivalent to the clearing member’s contribution to the default fund.
Amendment 577 #
Proposal for a regulation
Article 61 – paragraph 3
Article 61 – paragraph 3
3. For the purposes of calculating the treatments referred to in paragraph 2(a), the valuation referred to in paragraph 1 shall disregard any provision of extraordinary public financial support to the CCP under resolution and the CCP’s own pricing methodology shall be disregarded should this methodology fail to reflect the effective market conditions.
Amendment 616 #
Proposal for a regulation
Article 82 – paragraph 1
Article 82 – paragraph 1
By […], the Commission shall review the implementation of this Regulation... [date to be inserted: two years after date of entry into force of this Regulation] the Commission shall review this Regulation and its implementation in the light of the shifting European institutional architecture for CCP supervision and resolution and in the light of the progress in international efforts on recovery and resolution of CCPs and shall submit a report thereon to the European Parliament and to the Council. Where appropriate, that report shall be accompanied by a legislative proposal.