BETA

9 Amendments of Andrea COZZOLINO related to 2017/0136(COD)

Amendment 325 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 1
1. Competent authorities shall prepare and submit draft decisions to ESMA for consent prior to adoption of any of the following decisions: (a) Articles 7, 8, 14, 15, 16, 20, 21, 30, 31, 35, 49 and 54 of this Regulation and Articles 35 and 36 of Regdecisions adopted pursuant to or in the carrying out of their duties resulting from the requirements set out in Articles 35 and 36 of Regulation (EU) No 600/2014, Articles 7, 8, 14, 15, 16, 20, 21, 30, 31, 49, Titles IV and V, except 41, 44, 46, 50, 54 of this Regulation, 1a. Competent authorities may adopt, without prior submission to ESMA for consent or consultation (EU) No 600/2014; (b), decisions adopted pursuant to or in the carrying out of their duties resulting from the requirements set out in Article 16 and Titles IV and V.s 41, 44, 46, 50, 54 of this Regulation decisions adopted pursuant to any decisions adopted in the
2018/04/13
Committee: ECON
Amendment 336 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 2
Competent authorities shall prepare and submit draft decisions to theWith regards to decisions pursuant to Articles 44 and 50, the competent authority shall consult each central banks of issue referred to in Article 18(2)(h) before adopting any decision pursuant to Articles 14, 15, 20, 44, 46, 50 and 54on those aspects of the draft decision which relate to the currency it issues. Each central bank of issue shall respond to the request for consultation within 10 working days as of the transmission of the draft decision. In emergency situations, the aforementioned period shall not exceed 24 hours.
2018/04/13
Committee: ECON
Amendment 343 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 2 – subparagraph 1 a (new)
Upon conclusion of the period for consulting the central banks of issue, the competent authority shall make every effort to comply with the amendments proposed by them.
2018/04/13
Committee: ECON
Amendment 344 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 2 – subparagraph 1 b (new)
Where the competent authority does not reflect in its draft decision to the amendments proposed by a central bank of issue, the competent authority shall inform that central bank of issue in writing stating its full reasons and an explanation of any significant deviation from these amendments.
2018/04/13
Committee: ECON
Amendment 345 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 2 – subparagraph 2
Competent authorities shall obtain, in accordance with Article 21(b) the consent of the central banks of issue referred to in the first subparagraph in respect of any aspect of those decisions relating to the carrying out of their monetary policy tasks.deleted
2018/04/13
Committee: ECON
Amendment 367 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b
[...]deleted
2018/04/13
Committee: ECON
Amendment 383 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b – paragraph 1
1. The consent referred to in Article 21a(2) shall be deemed to be given unless the central bank of issue proposes amendments or objects to the draft decision within a maximum period of 15 calendar days after its submission. Where the central bank of issue proposes amendments or objects to a draft decision, it shall provide full and detailed reasons, in writing. Where ESMA has proposed amendments pursuant to Article 21a(4) to the draft decisions to be adopted pursuant to Articles 14, 15, 20 and 54, it shall also submit them also to the central bank of issue. In that case, the deadline referred to in the first subparagraph shall be extended by 5 days.deleted
2018/04/13
Committee: ECON
Amendment 387 #
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b – paragraph 2
2. Where the central bank of issue proposes amendments, the competent authority may only adopt the decision as amended by that central bank of issue. Where the central bank of issue objects to a draft decision, the competent authority shall not adopt that decision.deleted
2018/04/13
Committee: ECON
Amendment 552 #
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Regulation (EU) No 648/2012
Article 25 b a (new)
Article 25ba Compliance with central bank of issue requirements in exceptional situations 1. In order to fulfil the condition referred to in Article 25(2b)(b), recognised Tier 2 CCPs shall comply with requirements adopted by central banks of issue to address exceptional situations, in particular where systemic liquidity risk in their respective currencies may affect the transmission of monetary policy or the smooth functioning of payment systems. 2. In accordance with Article 84, the central bank of issue shall provide ESMA and other competent authorities with information on requirements to be adopted in accordance with paragraph 1, for the purposes of carrying out their respective duties under this Regulation. This shall include a written statement on the exceptional situation, and an explanation of the risks to the transmission of monetary policy or the smooth functioning of payment systems that the central bank of issue is seeking to address. 3. The requirements referred to in paragraph 1 shall apply for a limited period of time, not exceeding 6 months. The central bank of issue may extend this period if the exceptional situation persists. In such case, the central bank of issue shall provide ESMA and other competent authorities with a further written statement and explanation in accordance with paragraph 2.4. Where the central bank of issue determines that a recognised Tier 2 CCP has not complied with the requirements under the first subparagraph within 10 days, it shall immediately notify ESMA in accordance with the third subparagraph of Article 25b(1).
2018/04/13
Committee: ECON