5 Amendments of Frank ENGEL related to 2014/0020(COD)
Amendment 293 #
Proposal for a regulation
Article 5 – paragraph 1 – point 19 – indent 2
Article 5 – paragraph 1 – point 19 – indent 2
– closed-ended and unleveraged alternative investment funds ("AIF") as defined in Directive 2011/61/EUwhich are not leveraged on a substantial basis as defined in Directive 2011/61/EU, and more specifically in Article 111 of Commission Delegated Regulation (EU) No 231/201334a, where those AIFs are established in the Union or, if they are not established in the Union, they are marketed in the Union according to Articles 35 or 40 of Directive 2011/61/EU of the European Parliament and of the Council35, qualifying venture capital funds as defined in Article 3(b) of Regulation (EU) No 345/2013 of the European Parliament and of the Council36, qualifying social entrepreneurship funds as defined in Article 3(b) of Regulation (EU) No 346/201337 and AIF authorized as European long term investment funds (ELTIF) in accordance with Regulation (EU) No [XXX/XXXX]38]; __________________ 34aCommission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (OJ L 83, 22.3.2013, p. 1). 35Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 (OJ L 174, 1.7.2011, p. 1). 36Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds (OJ L 115, 25.4.2013, p.1). 37Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds (OJ L 115, 25.4.2013, p. 18). 38 Regulation (EU) No xx/xxxx of the European Parliament and of the Council on European Long-term Investment funds, OJ L xx/xx.
Amendment 340 #
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The restrictions laid down in point (b) of paragraph 1 shall not apply with regard to closed-ended and unleveraged AIFs as defined in Directive 2011/61/EUAIFs which do not employ leverage on a substantial basis as defined in Directive 2011/61/EU, and more specifically in Article 111 of delegated Commission Regulation (EU) No 231/2013, where those AIFs are established in the Union or, if they are not established in the Union, they are marketed in the Union according to Articles 35 or 40 of Directive 2011/61/EU , to qualifying venture capital funds as defined in Article 3(b) of Regulation (EU) No 345/2013, to qualifying social entrepreneurship funds as defined in Article 3(b) of Regulation (EU) No 346/2013, and to AIFs authorized as ELTIFs in accordance with Regulation (EU) No [XXX/XXXX].
Amendment 385 #
Proposal for a regulation
Article 8 – paragraph 1 – point i a (new)
Article 8 – paragraph 1 – point i a (new)
(ia) depository bank services
Amendment 588 #
Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – introductory part
Article 12 – paragraph 1 – subparagraph 1 – introductory part
A core credit institution that has been subject to a decision referred to in Article 10(3) may sell interest rate derivatives, foreign exchange derivatives, credit derivatives, emission allowances derivatives and commodity derivatives eligible for central counterparty clearing and emission allowances to its non- financial clients, to financial entities referred to in the second and third indents of point (19) of Article 5, to insurance undertakings and to institutions providing for occupational retirement benefiand emission allowances to its clients when the following conditions have been satisfied:
Amendment 784 #
Proposal for a regulation
Article 26 – paragraph 4 a (new)
Article 26 – paragraph 4 a (new)
4(a). In the event of disagreement between the consolidating supervisor and the competent authority of the home Member State of the subsidiary for the purposes of reaching a decision by common agreement, the decision shall rest with the EBA pursuant to Article 19 of Regulation 1093/2010.