10 Amendments of Michael THEURER related to 2014/0020(COD)
Amendment 128 #
Proposal for a regulation
Recital 13
Recital 13
(13) This Regulation will apply only to credit institutions and groups with trading activities that meet thresholds set out in the Regulation. This is in line with the explicit focus on the limited subset of the largest and most complex credit institutions and groups that in spite of other legislative acts remain too-big-to-fail, too-big-to-save and too complex to manage, supervise and resolve. The provisions of this Regulation should accordingly only apply to those Union credit institutions and groups that either are deemed of global systemic importance or exceed certain relative and absolute accounting-based thresholds in terms of trading activity or absolute size. Member States or the competent authorities may decide to impose similar measures also on smaller credit institutions.
Amendment 250 #
Proposal for a regulation
Article 3 – paragraph 1 – point b – introductory part
Article 3 – paragraph 1 – point b – introductory part
(b) any of the following entities that for a period of three consecutive years has total assets amounting at least to EUR 390 billion and, has trading activitirelated risk exposures amounting at least to EUR 70 billion or 150 per cent of its total eligible liabilities for bail-in requirements as defined in Article 45(4) of Directive 2014/59/EU [BRRD] and eligible deposits within the meaning of Article 2(1)(4) of Directive 2014/49/EU of more than 3 per cent of its total assets:
Amendment 276 #
Proposal for a regulation
Article 5 – paragraph 1 – point 4
Article 5 – paragraph 1 – point 4
4. ‘proprietary trading’ means using own capital or borrowed money to take positions in any type ofimmediate transaction to purchase, sell or otherwise acquire or dispose of any financial instrument or commodities for the sole purpose of making a short term profit for own account, and without any connection to actual or anticipated client activity or for the purpose of hedging the entity’s risk as result of actual or anticipated client activity, through the use of desks, units, divisions or individual traders specifically dedicated to such position taking and profit making, including through dedicated web- based proprietary trading platforms;
Amendment 314 #
Proposal for a regulation
Article 6 – paragraph 1 – point b – point ii
Article 6 – paragraph 1 – point b – point ii
(ii) invest in derivatives, certificates, indices or any other financial instrument the performance of which is linked to shares or units of AIFs that are leveraged on a substantial basis as defined in Article 111 of delegated Commission Regulation no. 231/2013/EU;
Amendment 331 #
Proposal for a regulation
Article 6 – paragraph 2 – point b – introductory part
Article 6 – paragraph 2 – point b – introductory part
(b) a situation where an entity referred to in Article 3 engages in proprietary trading through a separate legal entity or meets all of the following conditions:
Amendment 334 #
Proposal for a regulation
Article 6 – paragraph 2 – point (ba) (new)
Article 6 – paragraph 2 – point (ba) (new)
(ba) the management of liquidity, interest rate, currency and credit risk in a group or network according to Art. 113 (6), (7) Regulation (EU) No.575/2013 [CRR] or Art. 16(1) of regulation XXX [LCR delegated act].
Amendment 335 #
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
2 a. The prohibition in point (b) of paragraph 1 shall not apply for activities such as seed funding, asset bridging and co-investing.
Amendment 373 #
Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)
Article 8 – paragraph 1 – point a a (new)
(a a) the management of liquidity, interest rate, currency and credit risk in a group or network according to Art. 113 (6), (7) Regulation (EU) No.575/2013 [CRR] or Art. 16(1) of Commission Delegated Regulation (EU) 2015/61.
Amendment 387 #
Proposal for a regulation
Article 8 – paragraph 1 – point (i a) (new)
Article 8 – paragraph 1 – point (i a) (new)
(i a) Asset management services such as portfolio management and investment advice.
Amendment 590 #
Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – introductory part
Article 12 – paragraph 1 – subparagraph 1 – introductory part