Activities of Roberto GUALTIERI
Plenary speeches (195)
InvestEU (debate) IT
The UK’s withdrawal from the EU (debate)
Conclusions of the European Council meeting of 21 and 22 March 2019 (debate)
Minimum loss coverage for non-performing exposures (A8-0440/2018 - Esther de Lange, Roberto Gualtieri) (vote)
Appointment of Sebastiano Laviola as a new member of the Single Resolution Board (A8-0148/2019 - Roberto Gualtieri) (vote)
Preparation of the European Council meeting of 21 and 22 March 2019 and UK’s withdrawal from the EU (debate)
Minimum loss coverage for non-performing exposures (debate) IT
Minimum loss coverage for non-performing exposures (debate) IT
The UK’s withdrawal from the EU (debate)
The UK’s withdrawal from the EU (debate)
Formal sitting - Twentieth anniversary of the euro
Establishing the InvestEU Programme (debate) IT
Establishing the InvestEU Programme (debate) IT
Decision to enter into interinstitutional negotiations: Minimum loss coverage for non-performing exposures (A8-0440/2018 - Esther de Lange, Roberto Gualtieri) (vote)
Results of the Eurogroup and preparation of the EURO Summit (debate) IT
The UK’s withdrawal from the European Union (debate)
Independence of statistical authorities in the European Union and the case of Andreas Georgiou (debate)
Conclusions of the European Council meeting of 17 and 18 October 2018 (debate)
Preparation of the European Council meeting of 18 and 19 October 2018 (debate) IT
Inclusion of the Italian municipality of Campione d’Italia and the Italian waters of Lake Lugano in the customs territory of the Union (A8-0284/2018 - Roberto Gualtieri) (vote) IT
Conclusion of the third economic adjustment programme for Greece (debate)
Conclusions of the European Council meeting of 28 and 29 June 2018 (debate) IT
The Economic and Monetary Union package (debate) IT
Resumption of the sitting IT
Prevention of the use of the financial system for the purposes of money laundering or terrorist financing (debate) IT
Prevention of the use of the financial system for the purposes of money laundering or terrorist financing (debate) IT
Guidelines on the framework of future EU-UK relations (debate) IT
Composition of the European Parliament (debate) IT
Composition of the European Parliament (debate) IT
Composition of the European Parliament (A8-0007/2018 - Danuta Maria Hübner, Pedro Silva Pereira) (vote)
European Central Bank Annual Report for 2016 (debate) IT
Conclusions of the European Council meeting of 14 and 15 December 2017 (debate) IT
Preparation of the European Council meeting of 14 and 15 December 2017 - State of play of negotiations with the United Kingdom (debate)
Extension of the duration of the European Fund for Strategic Investments (debate) IT
Conclusions of the European Council meeting of 19 and 20 October 2017 and presentation of the Leaders’ Agenda (Building our future together) (debate)
Commission Work Programme 2018 (debate)
Fiscal compact and its incorporation into the EU legal framework (topical debate) IT
State of play of negotiations with the United Kingdom (debate)
Extension of the European statistical programme to 2020 (debate)
Extension of the European statistical programme to 2020 (debate) IT
Reflection paper on the deepening of the EMU by 2025 (debate) IT
Conclusions of the European Council meeting of 29 April 2017 (debate) IT
Powers and control of the European Central Bank (topical debate)
State of play of the second review of the economic adjustment programme for Greece (debate)
Negotiations with the United Kingdom following its notification that it intends to withdraw from the European Union (debate)
State of play of the second review of the economic adjustment programme for Greece (debate)
Statement by the President of the Commission on the White Paper on the future of the European Union IT
Possible evolutions of and adjustments to the current institutional set-up of the European Union - Improving the functioning of the European Union building on the potential of the Lisbon Treaty - Budgetary capacity for the Eurozone (debate) IT
State of play of the second review of the economic adjustment programme for Greece (debate)
Decision adopted on the European Semester package including Annual Growth Survey 2017 (debate) IT
Decision adopted on the European Semester package including Annual Growth Survey 2017 (debate)
European Central Bank annual report for 2015 (debate) IT
Finalisation of Basel III (debate)
Macroeconomic situation in Greece, structural reforms and their impact, as well as prospects for future negotiations within the Programme (debate) IT
Macroeconomic situation in Greece, structural reforms and their impact, as well as prospects for future negotiations within the Programme (debate) IT
Basel committee's revision of the standardised approach for credit risk (debate) IT
Mid-term review of the Investment Plan (debate) IT
Markets in financial instruments - Markets in financial instruments, market abuse and securities settlement (debate) IT
Ongoing negotiations on the first review of the economic adjustment programme for Greece (debate)
Review of the SME supporting factor (debate) IT
Banking Union - Annual report 2015 (debate)
Banking Union - Annual report 2015 (debate) IT
Conclusions of the European Council meeting of 18 and 19 February 2016 (debate)
Preparation of the European Council meeting of 18 and 19 February 2016 (debate) IT
European Central Bank annual report for 2014 (debate) IT
Programme of activities of the Dutch Presidency (debate) IT
Euro area recommendation - Completing Europe's Economic and Monetary Union (debate) IT
Insurance mediation (debate) IT
European Semester package - Annual Growth Survey 2016 (debate) IT
European Semester for economic policy coordination: implementation of 2015 priorities - Steps towards completing the Economic and Monetary Union (debate) IT
Decision adopted on the Capital Markets Union package (debate) IT
Conclusions of the European Council (25-26 June 2015) and of the Euro Summit (7 July 2015) and the current situation in Greece (debate) IT
Building a Capital markets union (debate) IT
European Fund for Strategic Investments (debate) IT
Review of the economic governance framework: stocktaking and challenges (debate) IT
Prevention of the use of the financial system for the purposes of money laundering or terrorist financing - Information accompanying transfers of funds (debate) IT
Money market funds (debate) IT
European Central Bank annual report for 2013 (debate) IT
Preparation of the informal meeting of Heads of State or Government (12 February 2015) (debate) IT
Review of the Italian Presidency (debate) IT
Review of the Italian Presidency (debate) IT
Steel sector in the EU: protecting workers and industries (debate) IT
Evaluation of the bank stress tests (debate) IT
The powers of the European Central Bank to impose sanctions - Collection of statistical information by the European Central Bank (debate) IT
The powers of the European Central Bank to impose sanctions - Collection of statistical information by the European Central Bank (debate) IT
European Semester for economic policy coordination: implementation of 2014 priorities (debate) IT
Preparation of the European Council (23-24 October 2014) (debate) IT
Preparation of the Eurozone summit (debate) IT
Conclusions of the European Council meeting (26-27 June 2014) (debate) IT
Statement by the candidate Commission President (debate) IT
Interinstitutional agreement on the transparency register (A7-0258/2014 - Roberto Gualtieri) (vote)
Interinstitutional agreement on the transparency register (debate)
Interinstitutional agreement on the transparency register (debate)
Mid-term review of the Stockholm Programme (debate)
2013 progress report on Serbia - European integration process of Kosovo (debate)
Preparations for the European Council meeting (19 - 20 December 2013) (debate)
Constitutional problems of a multitier governance in the EU (debate)
Constitutional problems of a multitier governance in the EU (debate)
Relations between the European Parliament and the institutions representing the national governments (debate)
Administrative tribunal of the European stability mechanism: call for candidates (debate)
Common rules and procedures for the implementation of the Union's instruments for external action - Instrument for stability - Financing instrument for the promotion of democracy and human rights worldwide - Partnership instrument for cooperation with third countries - Establishing a financing instrument for development cooperation - European neighbourhood instrument - Instrument for Pre-accession Assistance (debate)
Preparations for the European Council meeting (24-25 October 2013) (debate)
Practical arrangements for the holding of the European elections in 2014 (debate)
Preparations for the European Council meeting (27-28 June 2013) (debate)
2013 review of the organisation and functioning of the EEAS (debate)
2013 review of the organisation and functioning of the EEAS (debate)
Future legislative proposals on EMU (debate)
Specific tasks for the European Central Bank concerning policies relating to the prudential supervision of credit institutions - European Banking Authority and prudential supervision of credit institutions (debate)
Completing the scoreboard for the Macroeconomic Imbalance Procedure (debate)
European Central Bank annual report (2011) (debate)
Composition of the European Parliament with a view to the 2014 elections (A7-0041/2013 - Rafał Trzaskowski, Roberto Gualtieri) (vote)
Composition of the European Parliament with a view to the 2014 elections (debate)
Composition of the European Parliament with a view to the 2014 elections (debate)
European Semester for economic policy coordination: annual growth survey 2013 - European Semester for economic policy coordination: employment and social aspects in the annual growth survey 2013 - Governance of the single market (debate)
Debate on the future of the European Union - Statement by Mr Werner Faymann, Federal Chancellor of Austria (debate)
Preparations for the European Council meeting (13-14 December 2012) (debate)
Elections to the European Parliament in 2014 (debate)
Elections to the European Parliament in 2014 (debate)
Towards a genuine Economic and Monetary Union (debate)
EU steel industry (debate)
Conclusions of the European Council meeting (18-19 October 2012) (debate)
Main aspects and basic choices of the common foreign and security policy and the common security and defence policy (Article 36 TEU) - Annual report from the Council to the European Parliament on the common foreign and security policy (debate)
Economic and budgetary surveillance of Member States with serious difficulties with respect to their financial stability in the euro area - Monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area (debate)
European Parliament’s right of inquiry (debate)
Preparation of the informal European summit - Investment, growth and jobs (debate)
EU accession to the European Convention on Human Rights (debate)
Means to combat the economic crisis, particularly in the eurozone (debate)
Conclusions of the European Council meeting (1-2 March 2012) (debate)
Preparation for the European Council meeting (1-2 March 2012) (debate)
Conclusions of the informal European Council meeting of 30 January 2012 (debate)
Conclusions of the European Council meeting (8-9 December 2011) on a draft international agreement on a Fiscal Stability Union (vote)
Conclusions of the European Council meeting (8-9 December 2011) (debate)
Common security and defence policy (Article 36 TEU) - Impact of the financial crisis on the defence sector (debate)
Preparations for the European Council meeting (8-9 December 2011) (debate)
European semester for economic policy coordination (debate)
Economic governance
EU-US summit of 28 November 2011 (debate)
Banning cluster munitions (debate)
Explanations of vote
Conclusions of the European Council meeting (23 October 2011) (debate)
Parliament's position on the 2012 draft budget as modified by the Council - Mobilisation of the flexibility instrument (debate)
European Semester 2011: first lessons (debate)
Preparation for the European Council meeting (23 October 2011) (debate)
Explanations of vote
Explanations of vote
Question Hour with the President of the Eurogroup, Jean-Claude Juncker
Ministerial week’s activity at the UN General Assembly, in particular the Middle East peace process and North Africa (debate)
Situation in Libya (debate)
Explanations of vote
Explanations of vote
Modification of the Act concerning the election of the Members of the European Parliament (debate)
Explanations of vote
Approach of the European Parliament to implementing Articles 9 and 10 of Protocol 1 of the Lisbon Treaty on parliamentary cooperation in the field of CFSP/CSDP (debate)
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Main aspects of the common foreign and security policy and the common security and defence policy - Situation in Syria and in Camp Ashraf - Report: Albertini - Annual report from the Council to Parliament on the main aspects of CFSP in 2009 - Report: Gualtieri - Development of CSDP following the entry into force of the Lisbon Treaty - Report: Muñiz De Urquiza - The EU as a global actor: its role in multilateral organisations (debate)
Main aspects of the common foreign and security policy and the common security and defence policy - Situation in Syria and in Camp Ashraf - Report: Albertini - Annual report from the Council to Parliament on the main aspects of CFSP in 2009 - Report: Gualtieri - Development of CSDP following the entry into force of the Lisbon Treaty - Report: Muñiz De Urquiza - The EU as a global actor: its role in multilateral organisations (debate)
Development of the common security and defence policy following the entry into force of the Lisbon Treaty (A7-0166/2011, Roberto Gualtieri) (vote)
Explanations of vote
Explanations of vote
Explanations of vote
Explanations of vote
Conclusions of the European Council meeting (24-25 March 2011) (debate)
Explanations of vote
Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (A7-0052/2011, Elmar Brok) (vote)
Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)
Amendment of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro (debate)
Preparation of the Eurozone summit of 11 March 2011 (debate)
Adoption of modifications to the Treaty (debate)
Adoption of modifications to the Treaty (debate)
Conclusions of the European Council meeting on 16-17 December (debate)
Security situation in the Sahel region (debate)
Citizens’ initiative (debate)
Outcome of the NATO Summit in Lisbon (debate)
Financial Regulation applicable to the general budget of the European Communities as regards the European External Action Service - Draft amending budget No 6/2010: Section II - European Council and Council; Section III - Commission; Section X - European External Action Service - Amendment of the Staff Regulations of Officials of the European Communities and the Conditions of Employment of Other Servants of those Communities (debate)
Financial Regulation applicable to the general budget of the European Communities as regards the European External Action Service - Draft amending budget No 6/2010: Section II - European Council and Council; Section III - Commission; Section X - European External Action Service - Amendment of the Staff Regulations of Officials of the European Communities and the Conditions of Employment of Other Servants of those Communities (debate)
Parliament's position on the 2011 draft budget as modified by the Council - all sections - Draft amending budget No 3/2010: Section III - Commission - BAM (Banana Accompanying Measures) (debate)
Arms exports (debate)
European External Action Service (debate)
2008 annual report on the CFSP - The implementation of the European Security Strategy and the Common Security and Defence Policy - Non-proliferation Treaty (debate)
Recent earthquake in Haiti (debate)
Situation in Iran (debate)
New EU action plan for Afghanistan and Pakistan (debate)
Situation in Georgia (debate)
A political solution with regard to the piracy off the Somalian coast (debate)
Adaptation of the European Parliament’s Rules of Procedure to the Lisbon Treaty (debate)
The institutional aspects of the creation of a European external action service - Creation of a European external action service: State of the negotiations with Member States (debate)
Reports (36)
REPORT on the proposal of the Commission for the appointment of a member of the Single Resolution Board PDF (142 KB) DOC (49 KB)
REPORT on the appointment of the Chairperson of the European Banking Authority PDF (143 KB) DOC (49 KB)
REPORT on the Council recommendation on the appointment of a Member of the Executive Board of the European Central Bank PDF (242 KB) DOC (84 KB)
REPORT on the proposal for a regulation of the European Parliament and of the Council establishing the InvestEU Programme PDF (1 MB) DOC (351 KB)
REPORT on the proposal for a regulation of the European Parliament and of the Council on amending Regulation (EU) No 575/2013 as regards minimum loss coverage for non-performing exposures PDF (671 KB) DOC (70 KB)
REPORT on the proposal for the appointment of the Chair of the Supervisory Board of the European Central Bank PDF (418 KB) DOC (47 KB)
REPORT on the proposal for the appointment of the Managing Director of the European Fund for Strategic Investments PDF (422 KB) DOC (46 KB)
REPORT on the proposal for the appointment of the Deputy Managing Director of the European Fund for Strategic Investments PDF (526 KB) DOC (54 KB)
REPORT on the proposal for a Council directive amending Directives 2006/112/EC and 2008/118/EC as regards the inclusion of the Italian municipality of Campione d’Italia and the Italian waters of Lake Lugano in the customs territory of the Union and in the territorial application of Directive 2008/118/EC PDF (428 KB) DOC (53 KB)
REPORT on the proposal for a Council directive amending Directive 2006/112/EC on the common system of value added tax, with regard to the obligation to respect a minimum standard rate PDF (423 KB) DOC (52 KB)
REPORT on the Council recommendation for appointment of the Vice-President of the European Central Bank PDF (672 KB) DOC (89 KB)
REPORT on the proposal of the Commission for the appointment of a member of the Single Resolution Board PDF (418 KB) DOC (48 KB)
REPORT on the proposal for a regulation of the European Parliament and of the Council on the harmonisation of gross national income at market prices (GNI Regulation) repealing Council Directive 89/130/EEC, Euratom and Council Regulation (EC, Euratom) No 1287/2003 PDF (200 KB) DOC (68 KB)
RECOMMENDATION on the draft Council decision on the conclusion of the Bilateral Agreement between the European Union and the United States of America on prudential measures regarding insurance and reinsurance PDF (438 KB) DOC (56 KB)
REPORT on the proposal of the Commission for the renewal of the term of office of the Chair of the Single Resolution Board PDF (417 KB) DOC (46 KB)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 99/2013 of the European Parliament and of the Council on the European statistical programme 2013-17, by extending it to 2018-2020 PDF (723 KB) DOC (100 KB)
REPORT on the proposal for the appointment of the Executive Director of the European Insurance and Occupational Pensions Authority (EIOPA) PDF (336 KB) DOC (67 KB)
REPORT on the Banking Union – Annual Report 2015 PDF (403 KB) DOC (130 KB)
REPORT on the extension of the term of office of the Chairperson of the European Insurance and Occupational Pensions Authority (EIOPA) PDF (138 KB) DOC (67 KB)
REPORT on the extension of the term of office of the Chairperson of the European Banking Authority (EBA) PDF (139 KB) DOC (67 KB)
REPORT on the extension of the term of office of the Chairperson of the European Securities and Markets Authority (ESMA) PDF (138 KB) DOC (68 KB)
REPORT on the proposal for a regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95 PDF (675 KB) DOC (137 KB)
REPORT on the proposal for the appointment of the Deputy Managing Director of the European Fund for Strategic Investments PDF (140 KB) DOC (71 KB)
REPORT on the proposal for the appointment of the Managing Director of the European Fund for Strategic Investments PDF (139 KB) DOC (68 KB)
REPORT on the proposal of the Commission for the appointment of the Chair, Vice-Chair and Members of the Board of the Single Resolution Board PDF (130 KB) DOC (57 KB)
REPORT on the draft Council regulation amending Regulation (EC) No 2533/98 concerning the collection of statistical information by the European Central Bank PDF (183 KB) DOC (269 KB)
REPORT on the Council recommendation on the appointment of the President of the European Central Bank PDF (568 KB) DOC (377 KB)
REPORT on the proposal of the European Central Bank for the appointment of the Vice-Chair of the Supervisory Board of the European Central Bank PDF (143 KB) DOC (47 KB)
REPORT on the modification of the interinstitutional agreement on the Transparency Register PDF (309 KB) DOC (185 KB)
REPORT on constitutional problems of a multitier governance in the European Union PDF (283 KB) DOC (151 KB)
RECOMMENDATION on the draft European Council decision establishing the composition of the European Parliament PDF (122 KB) DOC (56 KB)
RECOMMENDATION to the High Representative of the Union for Foreign Affairs and Security Policy and Vice President of the European Commission, to the Council and to the Commission on the 2013 review of the organisation and the functioning of the EEAS PDF (234 KB) DOC (156 KB)
REPORT on the composition of the European Parliament with a view to the 2014 elections PDF (245 KB) DOC (527 KB)
REPORT on the development of the common security and defence policy following the entry into force of the Lisbon Treaty PDF (257 KB) DOC (168 KB)
REPORT on the draft European Council decision amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro PDF (231 KB) DOC (157 KB)
REPORT Report on Council's position on Draft amending budget 6/2010 of the European Union for the financial year 2010, Section II - European Council and Council, Section III - Commission, Section X - European External Action Service PDF (153 KB) DOC (91 KB)
Shadow reports (8)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority) and amending Regulation (EU) No 648/2012 as regards the procedures and authorities involved for the authorisation of CCPs and requirements for the recognition of third-country CCPs PDF (834 KB) DOC (132 KB)
REPORT on amendment of Rule 166 of Parliament's Rules of Procedure concerning the final vote and Rule 195(3) concerning voting in committee PDF (155 KB) DOC (229 KB)
REPORT on amendment of Rule 81 of Parliament's Rules of Procedure on the consent procedure PDF (198 KB) DOC (256 KB)
SECOND REPORT on a proposal for a modification of the Act concerning the election of the members of the European Parliament by direct universal suffrage of 20 September 1976 PDF (196 KB) DOC (220 KB)
REPORT on a proposal for a regulation of the European Parliament on the detailed provisions governing the exercise of the European Parliament's right of inquiry and repealing Decision 95/167/EC, Euratom, ECSC of the European Parliament, the Council and the Commission PDF (266 KB) DOC (162 KB)
REPORT on a proposal for a modification of the Act concerning the election of the Members of the European Parliament by direct universal suffrage of 20 September 1976 PDF (514 KB) DOC (547 KB)
REPORT Report on the proposal for a Council decision establishing the organisation and functioning of the European External Action Service PDF (688 KB) DOC (1 MB)
REPORT Report on the institutional aspects of setting up the European External Action Service PDF (212 KB) DOC (131 KB)
Opinions (7)
DRAFT OPINION on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/825 to increase the financial envelope of the Structural Reform Support Programme and adapt its general objective
OPINION on interpretation and implementation of the interinstitutional agreement on Better Law-Making
OPINION on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 182/2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers
POSITION IN THE FORM OF AMENDMENTS on the proposal for a regulation of the European Parliament and of the Council adapting a number of legal acts providing for the use of the regulatory procedure with scrutiny to Articles 290 and 291 of the Treaty on the Functioning of the European Union
OPINION Towards a genuine Economic and Monetary Union
OPINION on the Annual report on the Common Foreign and Security Policy (CFSP) 2009, presented to the European Parliament in application of Part II, Section G, paragraph 43 of the Inter-institutional Agreement of 17 May 2006
OPINION Draft Council decision establishing the organisation and functioning of the European External Action Service
Shadow opinions (7)
OPINION on 29th annual report on monitoring the application of EU law (2011)
OPINION on the proposal for a Council regulation amending Regulation (EEC/Euratom) No 354/83, as regards the deposit of the historical archives of the institutions at the European University Institute in Florence
OPINION on the law of administrative procedure of the European Union
OPINION on the proposal for a regulation of the European Parliament and of the Council amending the Statute of the Court of Justice of the European Union
OPINION on the European Semester for Economic Policy Coordination
OPINION Parliament's position on the 2011 Draft Budget as modified by the Council - all sections
OPINION European Commission : Final annual accounts of the European Communities — Financial Year 2008
Institutional motions (39)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 28 March 2019 amending Delegated Regulation (EU) 2015/2205, Delegated Regulation (EU) 2016/592 and Delegated Regulation (EU) 2016/1178 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date at which the clearing obligation takes effect for certain types of contracts PDF (130 KB) DOC (51 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 28 March 2019 amending Delegated Regulation (EU) 2016/2251 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date until which counterparties may continue to apply their risk-management procedures for certain OTC derivative contracts not cleared by a CCP PDF (131 KB) DOC (51 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 30 January 2019 amending Delegated Regulation (EU) 2016/522 as regards the exemption of the Bank of England and the United Kingdom Debt Management Office from the scope of Regulation (EU) No 596/2014 PDF (128 KB) DOC (50 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 30 January 2019 amending Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the list of exempted entities PDF (128 KB) DOC (48 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 30 January 2019 amending Regulation (EU) 2015/2365 of the European Parliament and of the Council with regard to the list of exempted entities PDF (127 KB) DOC (49 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 30 January 2019 amending Delegated Regulation (EU) 2017/1799 as regards the exemption of the Bank of England from the pre- and post-trade transparency requirements in Regulation (EU) No 600/2014 PDF (128 KB) DOC (49 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 19 December 2018 amending Commission Delegated Regulation (EU) 2015/2205, Commission Delegated Regulation (EU) 2016/592 and Commission Delegated Regulation (EU) 2016/1178 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date at which the clearing obligation takes effect for certain types of contracts PDF (129 KB) DOC (50 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 19 December 2018 amending Delegated Regulation (EU) 2016/2251 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date until which counterparties may continue to apply their risk-management procedures for certain OTC derivative contracts not cleared by a CCP PDF (130 KB) DOC (50 KB)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 19 December 2018 amending Delegated Regulation (EU) 2015/2205, Delegated Regulation (EU) 2016/592 and Delegated Regulation (EU) 2016/1178 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on the clearing obligation to extend the dates of deferred application of the clearing obligation for certain OTC derivative contracts PDF (130 KB) DOC (50 KB)
MOTION FOR A RESOLUTION on the framework of the future EU-UK relationship PDF (304 KB) DOC (66 KB)
MOTION FOR A RESOLUTION on the Commission delegated regulation of 24 March 2017 amending Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council, as regards deleting Guyana from the table in point I of the Annex and adding Ethiopia to that table PDF (256 KB) DOC (53 KB)
MOTION FOR A RESOLUTION on the Commission delegated regulation of 24 November 2016 amending Commission Delegated Regulation (EU) 2016/1675 supplementing Directive (EU) 2015/849 by identifying high-risk third countries with strategic deficiencies PDF (258 KB) DOC (51 KB)
JOINT MOTION FOR A RESOLUTION on the situation in Italy after the earthquakes PDF (289 KB) DOC (58 KB)
MOTION FOR A RESOLUTION on the situation in Italy after the earthquakes PDF (260 KB) DOC (46 KB)
MOTION FOR A RESOLUTION on the finalisation of Basel III PDF (185 KB) DOC (50 KB)
JOINT MOTION FOR A RESOLUTION on Rwanda, the case of Victoire Ingabire PDF (291 KB) DOC (83 KB)
MOTION FOR A RESOLUTION on International Financial Reporting Standards: IFRS 9 PDF (178 KB) DOC (73 KB)
MOTION FOR A RESOLUTION on the situation in Ethiopia PDF (291 KB) DOC (84 KB)
MOTION FOR A RESOLUTION on EU citizens under detention in India, notably Italian, Estonian and UK citizens PDF (273 KB) DOC (70 KB)
MOTION FOR A RESOLUTION on North Korea PDF (277 KB) DOC (73 KB)
MOTION FOR A RESOLUTION on completing Europe’s Economic and Monetary Union PDF (252 KB) DOC (69 KB)
MOTION FOR A RESOLUTION on the political situation in Cambodia PDF (147 KB) DOC (72 KB)
MOTION FOR A RESOLUTION on the situation in Afghanistan, in particular the killings in the province of Zabul PDF (147 KB) DOC (70 KB)
MOTION FOR A RESOLUTION on the freedom of expression in Bangladesh PDF (149 KB) DOC (71 KB)
MOTION FOR A RESOLUTION on the case of Mr. Ali Mohammed Baqir al-Nimr, Saudi Arabia PDF (145 KB) DOC (69 KB)
MOTION FOR A RESOLUTION on the mass displacement of children in Nigeria as a result of Boko Haram attacks PDF (161 KB) DOC (84 KB)
MOTION FOR A RESOLUTION on Thailand, democracy and the case of Andy Hall PDF (148 KB) DOC (73 KB)
MOTION FOR A RESOLUTION on the death penalty PDF (279 KB) DOC (77 KB)
JOINT MOTION FOR A RESOLUTION on Azerbaijan PDF (155 KB) DOC (85 KB)
JOINT MOTION FOR A RESOLUTION on Angola PDF (154 KB) DOC (84 KB)
MOTION FOR A RESOLUTION on Azerbaijan PDF (147 KB) DOC (73 KB)
MOTION FOR A RESOLUTION on Angola PDF (157 KB) DOC (74 KB)
MOTION FOR A RESOLUTION on Russia in particular the case of Eston Kohver, Oleg Sentzov, and Alexander Kolchenko PDF (145 KB) DOC (73 KB)
MOTION FOR A RESOLUTION on the EU’s role in the Middle East peace process PDF (296 KB) DOC (90 KB)
MOTION FOR A RESOLUTION on the Srebrenica commemoration PDF (262 KB) DOC (67 KB)
MOTION FOR A RESOLUTION on Building a Capital Markets Union PDF (211 KB) DOC (101 KB)
MOTION FOR A RESOLUTION on the latest tragedies in the Mediterranean and EU migration and asylum policies PDF (250 KB) DOC (70 KB)
JOINT MOTION FOR A RESOLUTION on the case of the two Italian ‘marò’ PDF (144 KB) DOC (60 KB)
MOTION FOR A RESOLUTION on the case of the two Italian ‘marò’ PDF (288 KB) DOC (56 KB)
Oral questions (11)
Mis-selling of financial products PDF (7 KB) DOC (20 KB)
Mis-selling of financial products PDF (7 KB) DOC (19 KB)
The EMU Package published by the European Commission on 6 December 2017 PDF (103 KB) DOC (18 KB)
Corporate Social Responsibility PDF (7 KB) DOC (17 KB)
Finalisation of Basel III PDF (103 KB) DOC (17 KB)
International Financial Reporting Standards: IFRS 9 PDF (102 KB) DOC (16 KB)
Basel Committee's revision of the standardised approach for credit risk PDF (102 KB) DOC (16 KB)
Foreign currency loans PDF (105 KB) DOC (27 KB)
Completing Europe's Economic and Monetary Union PDF (99 KB) DOC (24 KB)
Initial response to the Commission Green Paper on Building a Capital Markets Union PDF (5 KB) DOC (24 KB)
Competitiveness of the EU steel industry PDF DOC
Written questions (10)
VAT rates on medicaments PDF (100 KB) DOC (18 KB)
Suspected breach of the rights of the migrants rescued by the vessel Diciotti PDF (101 KB) DOC (18 KB)
Fincantieri STX-France PDF (103 KB) DOC (18 KB)
Supporting open and transparent copyright management PDF (103 KB) DOC (19 KB)
Deficit calculation PDF (99 KB) DOC (23 KB)
Protection of human rights: the case of Italian family assistants PDF (104 KB) DOC (25 KB)
Comparison between the Bolkestein Directive and the Italian legislative decree PDF (102 KB) DOC (24 KB)
Acts of vandalism in the city of Rome by Dutch hooligans PDF (6 KB) DOC (24 KB)
Flexibility in the Stability and Growth Pact - investment clause PDF (195 KB) DOC (26 KB)
VP/HR - Situation in Iraq PDF (103 KB) DOC (25 KB)
Amendments (926)
Amendment 191 #
2018/0229(COD)
Proposal for a regulation
Recital 9
Recital 9
(9) Reflecting the importance of tackling climate change in line with the Union's commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals, the InvestEU Programme will contribute to mainstream climate actions and to the achievement of an overall target of 25 % of the Union budget expenditures supporting climate objectives over the MFF 2021- 2027 period and an annual target of 30 % as soon as possible and at the latest by 2027. Actions under the InvestEU Programme are expected to contribute 30 % of the overall financial envelope of the InvestEU Programme to climate objectives. Relevant actions will be identified during the InvestEU Programme's preparation and implementation and reassessed in the context of the relevant evaluations and review processes.
Amendment 244 #
2018/0229(COD)
Proposal for a regulation
Recital 23
Recital 23
(23) The EU guarantee of EUR 38 000 040 817 500 000 (current prices) at Union level is expected to mobilise more than EUR 650 000 00098 194 079 000 of additional investment across the Union and should be indicatively allocated between the policy windows.
Amendment 388 #
2018/0229(COD)
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
The EU guarantee for the purposes of the EU compartment referred to in point (a) of Article 8(1) shall be EUR 38 000 040 817 500 000 (current prices). It shall be provisioned at the rate of 40 %.
Amendment 506 #
2018/0229(COD)
Proposal for a regulation
Article 10 – paragraph 1 a (new)
Article 10 – paragraph 1 a (new)
1a. The EU guarantee under the EU compartment shall be allocated to implementing partners. At least 75% of the EU guarantee under the EU compartment shall be allocated to the EIB Group. Amounts exceeding 75% of the EU guarantee may be made available to the EIB Group in the event that national promotional banks or institutions cannot fully use the remaining share of the guarantee. Likewise, amounts exceeding 25% of the EU guarantee may be made available to other implementing partners in the event that the EIB Group cannot fully use its share of the guarantee. National promotional banks or institutions may fully benefit from the EU guarantee also in case they decide to access to it through the EIB or the European Investment Fund.
Amendment 654 #
2018/0229(COD)
Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 6
Article 19 – paragraph 2 – subparagraph 6
The Commission shall adopt the rules of procedure and managehost the secretariat for the Investment Committee.
Amendment 665 #
2018/0229(COD)
Proposal for a regulation
Article 19 – paragraph 4 – subparagraph 1
Article 19 – paragraph 4 – subparagraph 1
When acting in accordance with this Article, the Investment Committee shall be supported by a secretariat hosted by the Commission and responsible to the chairperson of the Investment Committee. The secretariat shall check the completeness of the documentation provided by the implementing partners comprising a standardised request form, the scoreboard and any other document the Investment Committee considers relevant. The Investment Committee may seek clarifications from the Implementing Partner during its meetings or by requesting additional information to be submitted to a subsequent meeting. Any project assessment conducted by an implementing partner shall not be binding on the Investment Committee for the purposes of a financing or investment operation benefiting from the coverage by the EU guarantee.
Amendment 666 #
2018/0229(COD)
Proposal for a regulation
Article 19 – paragraph 4 – subparagraph 2
Article 19 – paragraph 4 – subparagraph 2
The Investment Committee shall use in its assessment and verification of the proposals a scoreboard of indicators referred to in Article 18(37b (new).
Amendment 758 #
2018/0229(COD)
Proposal for a regulation
Annex I – paragraph 1 – point c
Annex I – paragraph 1 – point c
(c) up to EUR 11 252 500 000 000 for objectives referred to in point (c) of Article 3(2);
Amendment 764 #
2018/0229(COD)
Proposal for a regulation
Annex I – paragraph 1 – point d
Annex I – paragraph 1 – point d
(d) up to EUR 4 000 05 567 500 000 for objectives referred to in point (d) of Article 3(2).
Amendment 40 #
2018/0212(COD)
Proposal for a regulation
Title 1
Title 1
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the establishment of a European Investment Stabilisation FunctionProtection Scheme
Amendment 46 #
2018/0212(COD)
Proposal for a regulation
Recital 3
Recital 3
(3) Member States should conduct their economic policies and should coordinate them in such a way as to attain the objective of strengthening economic, social, and territorial cohesion. Shocks may put at risk this objective while a stabilisation instrument would allow Members States to contribute to it.
Amendment 64 #
2018/0212(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) The financial crisis has resulted in a pro-cyclical pattern for fiscal policies, which has been detrimental to the quality of public finances and in particular for public investment and national unemployment schemes. In turn, that shortcoming has contributed to widespread differences in macroeconomic performance between Member States, imperilling cohesion.
Amendment 71 #
2018/0212(COD)
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) A stabilisation instrument would avoid negative impacts on potential growth as a shock on public investment or employment can easily turn into structural. This would affect primarily the hit Member State but, as the euro area is very integrated, it would damage growth prospects of other Members States. The most efficient channel to produce this spill over effect is trade. Therefore, a stabilisation tool is not only a matter of solidarity but also of economic policy.
Amendment 74 #
2018/0212(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) In particular, in order to support Member States whose currency is the euro to respond better to rapidly changing economic circumstances and stabilise their economy by preserving public investment and financing national unemployment schemes in the event of large asymmetric or symmetric shocks, a European Investment Stabilisation Function (EISFProtection Scheme (EPS) should be established.
Amendment 79 #
2018/0212(COD)
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) This Regulation does not affect terms and conditions of Member States' unemployment schemes nor does it affect relations between social partners, including the right to negotiate and conclude collective agreements in accordance with national law.
Amendment 110 #
2018/0212(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) The activation of EISFPS support should therefore be determined by a double activation trigger based on both the level of national unemployment rate compared to its past average andor the change in unemployment rate compared to a certain threshold.
Amendment 130 #
2018/0212(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) Member States with a derogation which benefit from balance of payments support within the meaning of point (a) of Article 3(2) of Council Regulation (EC) No 332/200213 should not benefit from EISFPS support since their financing needs including for maintaining public investment are addressed via the medium- term financial assistance facility granted. _________________ 13 Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States' balance of payments (OJ L 53, 23.2.2002, p.1).
Amendment 133 #
2018/0212(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) EISFPS support should take the form of loans to the Member States concerned. That instrument would provide them with financing to continue executing public investment and support national unemployment scheme.
Amendment 164 #
2018/0212(COD)
Proposal for a regulation
Recital 26
Recital 26
(26) A Stabilisation Support Fund should be established to finance the interest rate subsidy and to support national unemployment. The Stabilisation Support Fund should be endowed with national contributions from Member States whose currency is the euro and other Member States that participate in the exchange rate mechanism (ERM II).
Amendment 172 #
2018/0212(COD)
Proposal for a regulation
Recital 27 a (new)
Recital 27 a (new)
(27a) Within five years, at most, of the date of entry into force of this Treaty, on the basis of an assessment of the experience with its implementation, the necessary steps should be taken, in accordance with the Treaty on the European Union and the Treaty on the Functioning of the European Union, with the aim of incorporating the substance of this Treaty into the legal framework of the European Union.
Amendment 179 #
2018/0212(COD)
Proposal for a regulation
Recital 30
Recital 30
(30) In order to increase the impact of public investment and potential EISFPS support the quality of Member States' public investment systems and practices should be ensured and where appropriate strengthened. An assessment by the Commission should be carried out regularly and take the form of a report and if warranted contain recommendations to improve the quality of public investment systems and practices in Member States. A Member State could request technical assistance from Commission. The latter could undertake technical missions.
Amendment 192 #
2018/0212(COD)
Proposal for a regulation
Recital 33
Recital 33
(33) EISFPS should be considered as a first step in the development over time of a fully-fledged insurance mechanism to cater for macro-economic stabilisation. Currently, EISFPS would be based on loans and granting of interest rate subsidies. In parallel, it is not excluded that the ESM or its legal successor wshould be involved in the future become the backstop for the EPS by providing financial assistance to Member States whose currency is the euro facing adverse economic conditions in support of public investment. Moreover, a voluntaryn insurance mechanism with a borrowing capacity based on voluntary contributions by Member States cshould be set up in the future to provide for a powerful instrument for the purpose of macro-economic stabilisation against asymmetric and symmetric shocks.
Amendment 198 #
2018/0212(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Regulation establishes a European Investment and Employment Stabilisation Function (EISF).: the European Protection Scheme (EPS)
Amendment 246 #
2018/0212(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
Amendment 280 #
2018/0212(COD)
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. A Member State shall be considered to experience a largen asymmetric shock if any of the following activation criteria are simultaneouslyis fulfilled:
Amendment 285 #
2018/0212(COD)
Proposal for a regulation
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) the quarterly national unemployment rate exceeded the average unemployment rate in the Member State concerned over a period of 630 quarters preceding the quarter during which the request is made;
Amendment 319 #
2018/0212(COD)
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
1a. A Member State benefiting from EPS support and that faces an asymmetric shock may, in any given year in which it receives EPS support use part of it to support its national unemployment system. The percentage of the EPS support a Member State can use under this paragraph shall be determined by the Commission in accordance with Article 6 of this regulation and upon request by the Member State.
Amendment 323 #
2018/0212(COD)
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1
Article 5 – paragraph 2 – subparagraph 1
The year following the disbursement of the EISFPS loan, the Commission shall examine whether the Member State concerned has respected the criteria referred to in paragraph 1. In particular, the Commission shall also verify the extent to which the Member State concerned has maintained eligible public investment in programmes supported by the Union under the European Regional Development Fund, the Cohesion fund, the European Social Fund, the European Maritime and Fisheries Fund and the European Agricultural Fund for Rural Development.
Amendment 437 #
2018/0212(COD)
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. The resources of the Stabilisation Support Fund may only be used for the purpose of payment of interest rate subsidies to Member States referred to in Article 9 and support national unemployment schemes.
Amendment 443 #
2018/0212(COD)
Proposal for a regulation
Article 19 a (new)
Article 19 a (new)
Article 19a Within five years, at most, of the date of entry into force of this Treaty, on the basis of an assessment of the experience with its implementation, the necessary steps shall be taken, in accordance with the Treaty on the European Union and the Treaty on the Functioning of the European Union, with the aim of incorporating the substance of this Treaty into the legal framework of the European Union.
Amendment 444 #
2018/0212(COD)
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
1. In order to increase the impact of public investment and potential EISFPS support, Member States shall take the necessary actions to achieve and maintain public investment management systems and practices of high quality.
Amendment 87 #
2018/0060(COD)
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7 a) Partial write-offs should be taken into account when calculating the specific credit risk adjustments. The original exposure value prior to the partial write- off has to be used, in order to avoid any double counting of the write-off. The inclusion of partial write-offs in the list of items that can be used to meet the requirements of the backstop should encourage institutions to timely recognise write-offs. For NPEs purchased by an institution at a price lower than the amount owed by the debtor, the purchaser should treat the difference between the purchase price and the amount owed by the debtor in the same way as a partial write-off for the purposes of the prudential backstop.
Amendment 123 #
2018/0060(COD)
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
Regulation (EU) No 575/2013
Article 47a – paragraph 2 – subparagraph 1
Article 47a – paragraph 2 – subparagraph 1
For the purposes of Article 36(1)(m), the exposure value of a debt instrument shall be its accounting value measured without taking into account any specific credit risk adjustments, additional value adjustments in accordance with Articles 34 and 105, amounts deducted in accordance with Article 36(1)(m) or, other own funds reductions related to the exposure or partial write-offs made by the institution since the last time the exposure was classified as non-performing. The exposure value of a debt instrument that was purchased at a price lower than the amount owed by the debtor shall include the difference between the purchase price and the amount owed by the debtor.
Amendment 186 #
2018/0060(COD)
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
Regulation (EU) No 575/2013
Article 47c – paragraph 1 – subparagraph 1 – point b – point iv a (new)
Article 47c – paragraph 1 – subparagraph 1 – point b – point iv a (new)
(iv a) where a non-performing exposure is purchased at a price lower than the amount owed by the debtor, the difference between the purchase price and the amount owed by the debtor.
Amendment 1 #
2017/2855(DEA)
Recital C
C. whereas Parliament considers that the transposition deadline of Directive (EU)2016/97 should remain 23 February 2018, but asks the Commission to assess whetherdopt a legislative proposal setting the application date can be extended toat 1 October 2018;
Amendment 1 #
2017/2854(DEA)
Recital C
C. whereas Parliament considers that the transposition deadline of Directive (EU)2016/97 should remain 23 February 2018, but asks the Commission to assess whetherdopt a legislative proposal setting the application date can be extended toat 1 October 2018;
Amendment 41 #
2017/2253(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that since the financial crisis, the EU has developed its financial regulation through wide-ranging reforms and implementation of international standards; welcomes the increased regulatory and supervisory cooperation between the EU and third countries; recognises that this has contributed to improveding global consistency in financial regulation and has made the EU more resilient to global financial shocks;
Amendment 47 #
2017/2253(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that the EU should promote global financial regulatory reforms aimed at reducing systemic risk and should work towards an open, integrated and resilient financial system that supports sustainable economic growth, job creation and investment; stresses that any framework of international regulatory and supervisory cooperation should safeguard financial stability in the Union and respect its regulatory and supervisory regime and standards and their application;
Amendment 54 #
2017/2253(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 65 #
2017/2253(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that several EU legislative acts contain specific provisions for regulatory cooperation with third countries, including the possibility to conclude intcoopernational agreements related to supervision and to grant ‘equivalence’;
Amendment 70 #
2017/2253(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that, in many cases, the granting of equivalence is a unilateral decision taken by the EU and is not appli equivalence mechanisms and decisions are defined and implemented ion a reciprocal manner by third countries; considers that international cooperation could be better advanced by dint of international agreements negotiated between the EU and third countries; notes that, unlike equivalence, international agreements can provide mutual access between the EU and third countries for financial institutions and for thunilateral basis by the European Union and are based on EU standards, and underlines that for this reason it allows the EU to provide broader market access than international agreements; stresses that only the Single Market can provide mutual recognition of rules and of supervision;
Amendment 82 #
2017/2253(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recognises that the EU’s equivalence regime is an integral part of its regulatory framework for financial services and can offer several benefits, such as: safeguard of financial stability, level playing field, the removal of unnecessary regulatory barriers, increased competition, increased capital flows into the EU, and more instruments and investment choices for EU firms and investors, and stronger investor and consumer protection;
Amendment 84 #
2017/2253(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Reiterates that equivalence decisions do not grant financial institutions comparable rights to passport financialallow third countries entities to provide services throughout the EU, but recognises that they may give third- country institutions limited access to the single market for certain productinternal market in a limited number of cases;
Amendment 93 #
2017/2253(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Emphasises that one of the key objectives for equivalence is to promotallow appropriate access to financial services markets, while pregulatory convergence on the basis of international standardsserving financial stability, the integrity of the Single Market and the autonomy of decision making in the European Union, and underlines that equivalence can advance international cooperation in a significant way and that it ties in well with regulatory cooperation;
Amendment 106 #
2017/2253(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that, as it stands, the EU’s process for granting equivalence lacks certainty and sufficientwould gain with increased transparency, and requires a structured and practical framework outlining clear procedurecommunication with market participants;
Amendment 113 #
2017/2253(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes that equivalence decisions and international agreements should be objective, proportionate, risk- sensitive and be taken in the best interests of the Union and its citizens;
Amendment 123 #
2017/2253(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Questions the rationale behind equivalence decisions typically taking the form of implementing acts; insists that the process for granting equivalence to a third country in thConsiders that equivalence decisions, including their withdrawal, require appropriate parea of financial services should always be scrutinised by Parliament and that, owing to their political nature, and for the purposes of greater transparency, these decisions should be taken by means of delegated acliamentary scrutiny; stands ready to discuss with the Commission necessary arrangements;
Amendment 132 #
2017/2253(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that the Commission’s decision of 21 December 2017 to grant equivalence to Swiss share trading venues –, limited to a 12-month period with the possibility of an extension provided sufficient progress is made on a common institutional framework – was primarily political, and used to gain leverage in a separate policy matter; deplores the fact that Parliament had no input into this decision;
Amendment 136 #
2017/2253(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 146 #
2017/2253(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Is concerned that there is no consistent framework for ongoing supervision of an equivalent third country’s regimeConsiders that reviewed and improved equivalence mechanisms would enhance the efficacy of this tool; welcomes the ongoing review of equivalence provisions in a number of legislative proposals; considers that the European Supervisory Authorities (ESAs) should be equipped with the powerable to monitor regulatory developments in third countries and demands that Parliament should be kept duly informed of ongoing regulatory monitoring in third countries;
Amendment 153 #
2017/2253(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on the Commission to adopt a legislative act establishing a clear framework for aimprove the transparentcy, coherentce and consistentcy of the application of equivalence procedures which introduces a standardised process for the determination of, including by providing a thorough assessment of third country legal frameworks; calls on the Commission to assess the benefit of introducing an application process and of adopting a legal framework for a more structured and consistent process for equivalence procedures;
Amendment 174 #
2017/2253(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 188 #
2017/2253(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Stresses that close consideration should be given to the equivalence regime between the EU and high-impact third countries in order to develop stable and resilient regulatory relationships with those countries which have close financial links with theimproved and reviewed equivalence mechanisms represent appropriate tools for addressing the situation after the withdrawal of the UK from the European Union;
Amendment 197 #
2017/2253(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls the importance of National Competent Authorities (NCAs) in the authorisation process for financial institutions that wish to delegate part of their portfolio management or risk management to service providers in third countries where the regulatory regime is comparable to that of the EU; considers that NCAs have sufficient technical knowledge and exwelcomes the ongoing review of the ESAs to improve the supertvise to properly assess delegation approval requests; encourages the ESAs to develop further cooperation between NCAs in order to share best practice concerning regulatory cooperation and activities with third countrieion of the delegation, outsourcing or risk transfer arrangements by financial institutions;
Amendment 208 #
2017/2253(INI)
Motion for a resolution
Subheading 3
Subheading 3
Amendment 225 #
2017/2253(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls to that end, moreover, for the EU-US Financial Markets Regulatory Dialogue to be upgraded to include more regular meetings; stresses that the EU should push to have a financial services chapter as part of any potential future EU-US trade agreement;
Amendment 8 #
Amendment 2 #
2017/0333R(APP)
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the proposal for an integration of the European Stability Mechanism (ESM) into the EU legal order; recalls that such integration must be accompanied by appropriate democratic accountability;
Amendment 4 #
2017/0333R(APP)
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Recalls that the monetary policy in the Union is an exclusive competence of the ECB;
Amendment 5 #
2017/0333R(APP)
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Believes that any attempt to introduce the IMF framework into the EU legal framework should be avoided taking into account the whole institutional setting of the EU and of the Euro area,
Amendment 6 #
2017/0333R(APP)
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1 c. Asks the successor of the European Stability Mechanism to be called the European Stability Fund (ESF)
Amendment 9 #
2017/0333R(APP)
Draft opinion
Paragraph 2
Paragraph 2
2. Takes note of the proposed provisions regarding the accountability of the future European MonetarStability Fund (EMSF) to the European Parliament and the Council; notes in particular that the rules regarding the accountability of the EMF to the European Parliament mirror the already existing arrangements applicable to the Single Resolution Board (SRB), the European Central Bank (ECB) acting within the framework of the Single Supervisory Mechanism (SSM) and the European Systemic Risk Board (ESRB);
Amendment 10 #
2017/0333R(APP)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Believes that the relevant accountability framework for the future ESF should refer to the economic governance as a whole, recalls the request of this Parliament for an interinstitutional arrangement in this field,
Amendment 13 #
2017/0333R(APP)
Draft opinion
Paragraph 3
Paragraph 3
3. Requests that the European Parliament be informed immediately and in an appropriate manner of the decisions that have been taken by the EMSF and approved by the Council;
Amendment 16 #
2017/0333R(APP)
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that complete, accurate and timely information is a prerequisite for proper accountability; insists therefore, that the highest standard of transparency be laid down in the future interinstitutional agreement between the EMSF and the European Parliament regarding the decisions of the EMSF, the background of such decisions, access to EMSF documents and the records of discussions within the EMSF;
Amendment 24 #
2017/0333R(APP)
Draft opinion
Paragraph 5
Paragraph 5
5. Understands the need for the Member States to validate decisions that have an impact on fiscal resources; stresses, however, that the EMSF is an instrument for crisis management, and should therefore be able to act swiftly; calls for the right balance to be struck between, on the one hand, ensuring democratic control of the EMSF and its accountability to the participating Member States and, on the other hand, the need to enable the requisite actions to be taken quickly, in particular by preventing an overly cumbersome decision-making process when approval has to be obtained from the Council; welcomestakes note of the provisions that ensure the transparency of the EMSF and its accountability to the national parliaments of the EMSF members and of the other participating Member States.
Amendment 44 #
2017/0328(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
Regulation (EC) No 726/2004
Article 71a
Article 71a
The seat of the Agency shall have its seat in Amsterdam, the Netherlands. be located in a city of a European Union Member State on the basis of absolute assurance that: - it meets, without any exception or limitation, as from January 2019, all requirements, conditions and criteria necessary to ensure that the Agency can function effectively; - it ensures the full and immediate operational continuity of the Agency’s activities, which are highly important to society and of great scientific value. The Agency's remit shall relate to what is recognised as a fundamental right of European citizens to health protection. Its headquarters shall be selected under the ordinary legislative procedure pursuant to Articles 114 and 168(4)(b) TFEU.
Amendment 46 #
2017/0328(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
Regulation (EC) No 726/2004
Article 71a
Article 71a
The Agency shall have its seat in Amsterdam, the NetherlandsMilan, Italy.
Amendment 41 #
2017/0232(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point a – point i – introductory part
Article 1 – paragraph 1 – point 3 – point a – point i – introductory part
Regulation (EU) No 1092/2010
Article 6 – paragraph 1 – points f a and f b
Article 6 – paragraph 1 – points f a and f b
(i) the following points (fa), (fb) and (fbc) are inserted:
Amendment 43 #
2017/0232(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point a – point i
Article 1 – paragraph 1 – point 3 – point a – point i
Regulation No 1092/2010
Article 6 – paragraph 1 – point fb a (new)
Article 6 – paragraph 1 – point fb a (new)
(fba) the head of the Secretariat;
Amendment 60 #
2017/0232(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point ii – introductory part
Article 1 – paragraph 1 – point 5 – point a – point ii – introductory part
Regulation (EU) No 1092/2010
Article 11 – paragraph 1 – points g a and g b
Article 11 – paragraph 1 – points g a and g b
(ii) the following points (ga), (gb) and (gbc) are inserted:
Amendment 61 #
2017/0232(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point ii
Article 1 – paragraph 1 – point 5 – point a – point ii
Regulation (EU) No 1092/2010
Article 11 – paragraph 1 – point gb a (new)
Article 11 – paragraph 1 – point gb a (new)
(gba) the head of the Secretariat of the ESRB.
Amendment 135 #
2017/0136(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) A specific Executive Session (“CCP Executive SessionSMA internal committee (“CCP Supervisory Committee”) should be createstablished within the Board of Supervisors of ESMA to handle tasks related to CCPs in general, and supervise Union and third- country CCPs in particular. In order to guarantee a smooth establishment of the CCP Executive SessionSupervisory Committee, it is necessary to clarify its interactions with the Board of Supervisors of ESMA, its organisation and the tasks it should perform.
Amendment 138 #
2017/0136(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) In order to ensure a coherent supervisory approach and to reflect the mandates relevant authorities involved in the supervision of CCPs, the CCP Executive SessionSupervisory Committee should be composed of permanent and CCP-specific members. Permanent members should include the Head of the CCP Executive SessionChair and Vice-Chair of the CCP Supervisory Committee and twofive independent Directors, who should act independently and objectively in the interest of the Union as a whole. The Commission and the ECB should also appoint permanent members. Members specific to each CCP should include a representative of the competent national authorities of the Member States where the CCP is established, designated in accordance with Regulation (EU) No 648/2012, and a representative of the relevant central bank(s) of issue. The HeadChair of the CCP Executive SessionSupervisory Committee should be able to invite members of the supervisory college, as well as representatives of authorities of third- country CCPs recognised by ESMA as observers on a case by case basis to ensure that the views of the other relevant authorities are taken into account by the CCP Executive SessionSupervisory Committee. While the permanent members should participate in all meetings of the CCP Executive SessionSupervisory Committee, CCP specific members and observers should participate only where necessary and appropriate for CCPs under their supervision. The presence of an independent permanent membersChair and CCP-specific members should ensure that decisions made in the CCP Executive SessionSupervisory Committee are consistent, appropriate and proportionate across the Union and that the relevant national competent authorities, central banks of issue and observers are involved in the decision-making on issues concerning a CCP established in a Member State.
Amendment 141 #
2017/0136(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) When deciding on issues concerning a CCP established within a Member State, the CCP Executive SessionSupervisory Committee should convene and ensure that its permanent members and the relevant member(s) representing the competent national authorities designated by the Member State in accordance with Regulation (EU) No 648/2012 are involved in the decision-making process as well as observers appointed by the relevant central banks of issue. When deciding on a third- country CCP, only the permanent members, the relevant central bank(s) of issue and any relevant observers of the CCP Executive SessionSupervisory Committee should participate in the decision-making process.
Amendment 143 #
2017/0136(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) In order to ensure an appropriate, effective and swift decision-making process, the HeadChair, the twoVice-Chair and the Directors of the CCP Executive SessionSupervisory Committee, and the representative of the competent authority of the Member State where the CCP is established should have voting rights. The representatives of the ECB, of the Commission and of the relevant central bank(s), as well as observers, should have no voting rights. The CCP Executive SessionSupervisory Committee should take its decisions by a simple majority of its members, and the HeadChair should have a casting vote in case of a tie.
Amendment 145 #
2017/0136(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) The CCP Executive SessionSupervisory Committee should be responsible for specific tasks assigned to it pursuant to Regulation (EU) No 648/2012 to ensure the proper functioning of the internal market as well as the financial stability of the Union and its Member States.
Amendment 148 #
2017/0136(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) In order to ensure effective supervision, the CCP Executive SessionSupervisory Committee should have a dedicated staff and adequate resources to guarantee its autonomy, independence and adequate functioning in relation to its tasks. The budgetary impact needs to be considered in the statement made by ESMA in accordance with Regulation (EU) No 1095/2010.
Amendment 153 #
2017/0136(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) To provide for an appropriate level of expertise and accountability, the HeadChair, the Vice-Chair and the two Directors of the CCP Executive SessionSupervisory Committee should be appointed on the basis of merit, skills, knowledge of clearing, post-trading and financial matters, as well as experience relevant to the supervision and regulation of CCPs. They should be chosen on the basis of an open selection procedure. The Commission should submit a proposal for the appointment of candidates to the European Parliament for approval. Following the European Parliament’s approval of that proposal, the Council should adopt an implementing decision.
Amendment 155 #
2017/0136(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) In order to ensure transparency and democratic control, as well as to safeguard the rights of the Union institutions, the HeadChair, the Vice-Chair and the two Directors of the CCP Executive SessionSupervisory Committee should be accountable to the European Parliament and to the Council for any decisions taken on the basis of this Regulation.
Amendment 159 #
2017/0136(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) The HeadChair, the Vice-Chair and the two Directors of the CCP Executive SessionSupervisory Committee should act independently and objectively in the interest of the Union. They should ensure that appropriate account is taken of the proper functioning of the internal market as well as financial stability in each Member State and in the Union.
Amendment 161 #
2017/0136(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) In order to promote consistency in the supervision of Union and third-country CCPs across the Union, the HeadChair of the CCP Executive SessionSupervisory Committee should chair and manage colleges, and the permanent members of the CCP Executive SessionSupervisory Committee should attend them. The ECB should, where relevant and in accordance with Council Regulation (EU) No 1024/2013, also join the colleges to be able to exercise its mandate in accordance with Article 127 of the TFEU.
Amendment 163 #
2017/0136(COD)
Proposal for a regulation
Recital 20
Recital 20
(20) In order to ensure an appropriate and effective decision-making process, the permanent members of the CCP Executive SessionChair of the CCP Supervisory Committee should have one vote each in the colleges, with the exception ofhile the Vice-Chair, the Directors of the CCP Supervisory Committee and the representative of the Commission, who should be non-voting. The current members of the colleges should continue to exercise their current voting rights.
Amendment 167 #
2017/0136(COD)
Proposal for a regulation
Recital 21
Recital 21
(21) While national competent authorities continue to exercise their current supervisory responsibilities under Regulation (EU) No 648/2012, the prior consent of ESMA should be required for certain decisions in order to promote consistency in the supervision of CCPs throughout the Union. A specific mechanism is introduced for cases of disagreement between ESMA and the national competent authorities. Similarly, there is a need to better reflect the mandates of the central banks of issue concerning their monetary policy responsibilities, due to the potential risks that the malfunctioning of a CCP could pose to the implementation of the monetary policy of the Union and the promotion of the smooth operation of payment systems. Therefore, the prior consentconsultation of the relevant central banks of issue should be required on certain decisions envisaged by national competent authorities, in particular when it relates to a CCP’s payment and settlement arrangements and related liquidity risk management procedures for the transactions denominated in that central bank of issue’s currency. Upon conclusion of the period for consulting the central banks of issue, every effort should be made to comply with the amendments, proposed by them. In case, the draft decision doesn’t include the amendments proposed by a central bank of issue, the central bank of issue shall be informed in writing with the full reasons and an explanation of any significant deviation from these amendments.
Amendment 185 #
2017/0136(COD)
Proposal for a regulation
Recital 29
Recital 29
(29) When considering the application of a third-country CCP for recognition, ESMA should assess the degree of systemic risk that the CCP presents to the financial stability of the Union or of one or more of its Member States on the basis of objective and transparent criteria set out in this Regulation. A Commission delegated act should further specify these criteria. In this regard, specific features concerning certain agricultural derivative contracts listed and executed on regulated markets in third countries, which relate to markets that largely serve domestic non-financial counterparties in that third country who manage their commercial risks through those contracts, may pose a negligible risk to clearing members and trading venues in the Union as they have a low degree of systemic interconnectedness with the rest of the financial system.
Amendment 189 #
2017/0136(COD)
Proposal for a regulation
Recital 30
Recital 30
(30) CCPs that are not systemically important to the financial stability of the Union or onf one or more of its Member States should be considered as ‘Tier 1’ CCPs. CCPs that are systemically important, or likely to become systemically important, to the financial stability of the Union or of one or more of its Member States should be considered as ‘Tier 2’ CCPs. Where ESMA determines that a third-country CCP is not systemically important to the financial stability of the Union or of one or more of its Member States, the existing recognition conditions under Regulation (EU) No 648/2012 should apply to that CCP. Where ESMA determines that a third-country CCP is systemically important, additional requirements proportionate to the degree of risk presented by that CCP should be establishedthe CCP should comply with additional requirements. ESMA should only recognise such a CCP where that CCP complies with these requirements.
Amendment 195 #
2017/0136(COD)
Proposal for a regulation
Recital 32
Recital 32
(32) In order to ensure the proper involvement of the central bank(s) of issue, the systemically important third-country CCP should also fulfil any additional requirements that the central bank(s) of issue consider necessary according to this Regulation. The central bank(s) of issue should provide ESMA with confirmation whether or not the CCP complies with any additional requirements as quickly as possible and in any case 180 days from the CCP’s application to ESMAin the deadline to respond to the consultation in the framework of the recognition of a third-country CCP.
Amendment 201 #
2017/0136(COD)
Proposal for a regulation
Recital 33
Recital 33
(33) The degree of risk posed by a systemically-important CCP to the financial system and stability of the Union varies. The requirements for systemically- important CCPs should therefore be applied in a manner proportionate to the risks that the CCP may present to the Union. Where ESMA and, in agreement with the relevant central bank(s) of issue, concludes that a third-country CCP is of such systemic importance that compliance with the additional requirements will not ensureset out in this Regulation does not sufficiently address the financial stability ofrisk for the Union or for one or more of its Member States, ESMA should be able to recommend to the Commission that that CCP should not be recognised. The Commission should be able to adopt an implementing delegated act declaring that the third- country CCP should be established in the Unionany Member State and authorised as such to provide clearing services in the Union.
Amendment 207 #
2017/0136(COD)
Proposal for a regulation
Recital 34
Recital 34
(34) ESMA should regularly review the recognition of third-country CCPs as well as their classification as Tier 1 or Tier 2 CCPs. In this regard, ESMA should consider amongst others, the changes in the nature, size and complexity of the third- country CCP’s business. Such reviews should take place at least every two years and more frequently where necessary.
Amendment 208 #
2017/0136(COD)
Proposal for a regulation
Recital 35
Recital 35
(35) ESMA should also be able to take into account the extent to which the compliance of a systemically-important third-country CCP with the requirements applicable in that third country can be compared to the compliance of that CCP with the requirements of Regulation (EU) No 648/2012. When conducting this assessment, ESMA should take into account, where relevant, whether the Commission has adopted an implementing acts determining that the legal and supervisory arrangements of the third country where the CCP is established are equivalent to those of this Regulation and any conditions which the application of that implementing act may be subject to. When conducting this assessment, to ensure proportionality, ESMA should also consider the extent to which the financial instruments cleared by the CCP are denominated in Union currencies. The Commission should adopt a delegated act specifying further the modalities and conditions to assess such comparable compliance.
Amendment 211 #
2017/0136(COD)
Proposal for a regulation
Recital 36
Recital 36
(36) ESMA should have all the powers necessary to supervise recognised third- country CCPs to ensure their ongoing compliance with the requirements of Regulation (EU) No 648/2012. In certain areas, ESMA’s decisions should be subject tothe central bank(s) of issue shall be consulted on those aspects of the draft decision which relate to the currency it issues. Upon conclusion of the period for consent of the relevant central bank(s) of issueulting the central banks of issue, every effort shall be made to comply with the amendments proposed by them. In case the decision doesn’t include the amendments proposed by a central bank of issue, the central bank of issue shall me informed in writing with the full reasons and an explanation of any significant deviation from these amendments.
Amendment 226 #
2017/0136(COD)
Proposal for a regulation
Recital 47
Recital 47
Amendment 235 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 1095/2010
Article 6 – point 1 a
Article 6 – point 1 a
Amendment 239 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation 1095/2010
Article 40 – paragraph 1 – point f
Article 40 – paragraph 1 – point f
Amendment 242 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Regulation (EU) No 1095/2010
Article 42 – subparagraph 1
Article 42 – subparagraph 1
Amendment 246 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 1095/2010
Article 43 – paragraphs 1 and 8
Article 43 – paragraphs 1 and 8
Amendment 248 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 1095/2010
Chapter III – section 1A
Chapter III – section 1A
Amendment 253 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 8
Article 1 – paragraph 1 – point 8
Regulation (EU) No 1095/2010
Chapter III – Section 3 – title
Chapter III – Section 3 – title
Amendment 256 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 9
Article 1 – paragraph 1 – point 9
Regulation (EU) No 1095/2010
Article 48 a
Article 48 a
Amendment 259 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 1095/2010
Article 49
Article 49
Amendment 262 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 11
Article 1 – paragraph 1 – point 11
Amendment 265 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Amendment 266 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 12 – point a
Article 1 – paragraph 1 – point 12 – point a
2. The Executive Director shall be responsible for implementing the annual work programme of the Authority under the guidance of the Board of Supervisors and the CCP Executive SessionSupervisory Committee and under the control of the Management Board.
Amendment 267 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 12 – point b
Article 1 – paragraph 1 – point 12 – point b
Regulation (EU) No 1095/2010
Article 53 – paragraph 4
Article 53 – paragraph 4
4. The Executive Director shall prepare a multi-annual work programme, as referred to in Article 47(2). For the tasks and powers referred to in Article 44b(1), the Executive Director shall obtain the consent of the CCP Executive SessionSupervisory Committee prior to submitting it to the Management Board.
Amendment 270 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 13
Article 1 – paragraph 1 – point 13
Regulation (EU) No 1095/2010
Article 63 – paragraph 1 a
Article 63 – paragraph 1 a
Amendment 271 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 14
Article 1 – paragraph 1 – point 14
Amendment 275 #
2017/0136(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 15
Article 1 – paragraph 1 – point 15
Regulation (EU) No 1095/2010
Article 76 – paragraph 2 a
Article 76 – paragraph 2 a
Amendment 281 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
Regulation (EU) No 648/2012
Article 6 – paragraph 2 – point b a (new)
Article 6 – paragraph 2 – point b a (new)
(1a) In Article 6, paragraph 2, point (ba) is inserted: (ba) the Tier of the third-country CCP, where applicable;
Amendment 289 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point a
Article 2 – paragraph 1 – point 3 – point a
Regulation (EU) No 648/2012
Article 18 – paragraph 1 – subparagraph 2
Article 18 – paragraph 1 – subparagraph 2
The HeadChair of the CCP Executive SessionSupervisory Committee referred to in Article 48a of Regulation (EU) No 1095/201022b shall chair and manage the college.
Amendment 294 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point b
Article 2 – paragraph 1 – point 3 – point b
Regulation (EU) No 648/2012
Article 18 – paragraph 2 – point a
Article 18 – paragraph 2 – point a
(a) the permanent members of the CCP Executive SessionSupervisory Committee referred to in Article 44a of Regulation (EU) No 1095/201022b;
Amendment 297 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point c a (new)
Article 2 – paragraph 1 – point 3 – point c a (new)
Regulation (EU) No 648/2012
Article 18 – paragraph 4 – point c a (new)
Article 18 – paragraph 4 – point c a (new)
(ca) in paragraph 4, point (ca) is inserted: (ca) the preparation of an opinion to the CCP Supervisory Committee where that committee is required to provide its consent or is consulted in accordance with Article 21a.
Amendment 305 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 4
Article 2 – paragraph 1 – point 4
Regulation (EU) No 648/2012
Article 19 – paragraph 3 – subparagraph 4
Article 19 – paragraph 3 – subparagraph 4
The representative of the Commission shall be non-voting member. The other permanent members of the CCP Executive SessionChair of the CCP Supervisory Committee shall have one vote, the Vice-Chair and the Directors of the CCP Supervisory committee shall havbe none -vote eaching members in the colleges.
Amendment 324 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 1
Article 21 a – paragraph 1
1. Competent authorities s: (a) Shall prepare and submit draft decisions to ESMA for consent prior to adoption of any of the following decisions: (a) decisions adopted pursuant to Articles 7, 8, 14, 15, 16, 20, 21, 30, 31, 35, 49 and 54 of this Regulation and Articles 35 and 36 of Regulation (EU) No 600/2014; (b) anydecisions adopted pursuant to or in the carrying out of their duties resulting from the requirements set out in Articles 7, 8, 14, 15, 16, 20, 21, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 39, 40, 42, 43, 44, 45, 47, 48, 49, 50, 51, 52, 53, 54 of this Regulation and Articles 35 and 36 of Regulation (EU) No 600/2014; (b) Shall prepare and submit draft decisions to ESMA for consultation prior to adoption of any of the decisions adopted pursuant to or in the carrying out of their duties resulting from the requirements set out in Article 16s 41 and Titles IV and V46 of this Regulation.
Amendment 335 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 2 – subparagraph 1
Article 21 a – paragraph 2 – subparagraph 1
Amendment 346 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 a – paragraph 2 – subparagraph 2
Article 21 a – paragraph 2 – subparagraph 2
Amendment 368 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b
Article 21 b
Amendment 373 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b – Title
Article 21 b – Title
Amendment 382 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b – paragraph 1
Article 21 b – paragraph 1
Amendment 386 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7
Article 2 – paragraph 1 – point 7
Regulation (EU) No 648/2012
Article 21 b – paragraph 2
Article 21 b – paragraph 2
Amendment 402 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 a (new)
Article 2 – paragraph 1 – point 7 a (new)
Regulation (EU) No 648/2012
Article 22 a (new)
Article 22 a (new)
7a. The following Article 22a is inserted: Article 22a Composition 1. The CCP Supervisory Committee shall be composed of: (a) the following permanent members: (i) the Chair, a Vice-Chair and five Directors, appointed in accordance with Article 22d, who shall be voting; (ii) a representative of the ECB, who shall be non-voting: (iii) a representative of the Commission, who shall be non-voting; (b) the following non-permanent members specific to each CCP: (i) a representative of the competent authority for each CCP established in the Union in relation to which the CCP Supervisory Committee is convened, who shall be voting; (ii) a representative of each of the relevant central banks of issue referred to in point (h) of Article 18(2) of Regulation (EU) No 648/2012 for each CCP established in the Union in relation to which the CCP Supervisory Committee is convened, who shall be non-voting. The Chair may invite, where appropriate and necessary, as observers to the meetings of the CCP Supervisory Committee: (a) other members referred to in Article 18(2) of Regulation (EU) No 648/2012 of the college of the relevant CCP to the meetings of the CCP Supervisory Committee; (b) authorities of third-country CCPs recognised by ESMA pursuant to Article 25 of Regulation (EU) No 648/2012,on a case by case base. Meetings of the CCP Supervisory Committee shall be convened by its Chair at its own initiative or at the request of any of its members. Where a task of the CCP Supervisory Committee does not relate to a specific Union CCP, it shall be composed only of the permanent members referred in point (a) and, where relevant, the central banks of issue referred to in point (b)(ii).
Amendment 405 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 b (new)
Article 2 – paragraph 1 – point 7 b (new)
Regulation (EU) No 648/2012
Article 22 b (new)
Article 22 b (new)
7b. The following Article 22b is inserted: Article 22b Tasks and powers of the CCP Supervisory Committee The CCP Supervisory Committee shall be responsible for Preparing draft decisions to be submitted to the Board of Supervisors: a) where ESMA is required to provide its consent or is consulted in accordance with Article 21a of this Regulation b) where ESMA recognises and supervises third-country CCPs in accordance with Articles 25, 25a, 25b, 25c, 25d, 25e, 25f, 25g, 25h, 25i, 25j, 25m and 25n of this Regulation
Amendment 412 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 c (new)
Article 2 – paragraph 1 – point 7 c (new)
Regulation (EU) No 648/2012
Article 22 c (new)
Article 22 c (new)
7c. The following Article 22c is inserted: Article 22c Decision-making The CCP Supervisory Committee shall take its decisions by a simple majority of its members. The Chair shall have the casting vote.
Amendment 416 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 d (new)
Article 2 – paragraph 1 – point 7 d (new)
Regulation (EU) No 648/2012
Article 22 d (new)
Article 22 d (new)
Amendment 419 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 e (new)
Article 2 – paragraph 1 – point 7 e (new)
Regulation (EU) No 648/2012
Article 22 e (new)
Article 22 e (new)
7e. The following Article22e is inserted: Article 22e Independence In relation to the tasks of the Chair, Vice- Chair and Directors of the CCP Supervisory Committee referred to in point (i) of Article 22a(1)(a) shall neither seek or take instructions from the Union institutions or bodies, from any government of a Member State or from any other public or private body. Neither Member States, the Union institutions or bodies, nor any other public or private body shall seek to influence the Chair, Vice-Chair and the Directors of the CCP Supervisory Committee referred to in point (i) of Article 22a(1)(a) in the performance of his or her tasks. In accordance with the Staff Regulations referred to in Article 68 of Regulation (EU) No 1095/2010, Chair, Vice-Chair and the Directors of the CCP Supervisory Committee referred to in point (i) of 22a(1)(a)shall, after leaving service, continue to be bound by the duty to behave with integrity and discretion as regards the acceptance of certain appointments or benefits.
Amendment 420 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 f (new)
Article 2 – paragraph 1 – point 7 f (new)
Regulation (EU) No 648/2012
Article 22 f (new)
Article 22 f (new)
Amendment 422 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 7 g (new)
Article 2 – paragraph 1 – point 7 g (new)
Regulation (EU) No 648/2012
Article 22 g (new)
Article 22 g (new)
7g. The following Article 22gis inserted: Article 22g Decision-making at the Board of Supervisors Where the CCP Supervisory Committee submits draft decisions to the Board of Supervisors pursuant to Articles 21a(1) only in reference to 14, 15, 20, 41, 44, 46, 50, 54 and 25(2), 25a, 25(2a), 25(2b), 25(2c), 25(5), for Tier 2 CCPs in accordance with Article 25(2b), Article 54 the Board of Supervisors shall decide in accordance with Article 44 of Regulation (EU) No 648/2012. Where the CCP Supervisory Committee submits draft decisions to the Board of Supervisors pursuant to Articles other than those referred to in the first subparagraph, those draft decisions shall be deemed adopted by ESMA unless the Board of Supervisors decides on the basis of a qualified majority, as defined in Article 16(4) of the Treaty on European Union and in Article 238(2) of the Treaty on the Functioning of the European Union to reject the draft decision within ten working days as of its transmission. In emergency situations the aforementioned period shall not exceed 24 hours. Where the Board of Supervisors rejects a draft decision, it shall state the reasons for doing so in writing.
Amendment 425 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point a
Article 2 – paragraph 1 – point 9 – point a
Regulation (EU) No 648/2012
Article 25 – paragraph 2 – point e
Article 25 – paragraph 2 – point e
(e) the CCP has not been determined as not systemically important or not likely to become systemically important (Tier 1 CCP) in accordance with paragraph 2a.
Amendment 426 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – introductory part
Article 25 – paragraph 2 a – subparagraph 1 – introductory part
ESMA shall, after consulting the relevant central bank(s) of issue of Union currencies of the financial instruments cleared or to be cleared by that CCP, determine whether a CPCP is systemically important or likely to become systemically important for the financial stability of the Union or ofor one or more of its Member States (Tier 2 CCP) by taking into account all of the following criteria:
Amendment 432 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point a
Article 25 – paragraph 2 a – subparagraph 1 – point a
(a) the nature, size and complexity of the CCP's business, including the value in aggregate terms and in each Union currency of transactions cleared by the CCP, or the aggregate exposure of the CCP engaged in clearing activities to its counterparties;learing members in the European Union, and to the extent possible their clients and indirect clients established in the Union, including where any of those members or clients have been designated as other systemically important institutions (O- SIIs) pursuant to Article 131 of Directive 2013/36/EU.
Amendment 437 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point b
Article 25 – paragraph 2 a – subparagraph 1 – point b
(b) the effect that the failure of or a disruption to the CCP would have on financial markets, financial institutions, or the broader financial system, or on the financial stability of the Union or for one or more of its Member States, or on the financial stability of the Union or one or more of its Member States;
Amendment 449 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point d
Article 25 – paragraph 2 a – subparagraph 1 – point d
(d) the CCP's relationship, interdependencies, or other interactions with other financial market infrastructures, other financial institutions and the broader financial system. to the extent that this likely impacts the financial stability of the Union or of one or more of its Member States;
Amendment 463 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 b – point b
Article 25 – paragraph 2 b – point b
(b) followingwithin the deadline to respond to the consultation referred to in point (f) of paragraph 3, the central banks of issue referred to therein have provided ESMA with written confirmation, within 180 days of the submission of an application, that the CCP complies with any requirements imposed by thos that the CCP complies with the following requirements imposed by those central banks of issue in the carrying out of their monetary policy tasks: (i) the CCP has committed to submit any information which the central bank of issue may require upon its reasoned request; (ii) the CCP has committed to fully and duly cooperate with the central bank of issue in the context of its assessment of the CCP's resilience to adverse market conditions; (iii) the CCP has opened an overnight deposit account with the central banks of issue in the carrying out of their monetary policy tasksaccordance with relevant access criteria and requirements of the central bank of issue. (iv) requirements imposed as part of targeted and provisional measures adopted by the CBI to confront an exceptional situation related to systemic liquidity risks, with a view in particular to guarantee the transmission of monetary policy and the smooth functioning of payment systems. The central bank of issue may propose amendments of the list referred to in this point. The Commission shall be empowered to adopt delegated acts in accordance with Article 82 to adopt amended list set out in point (b) of this paragraph. Where the relevant central bank of issue has not provided a written response to ESMA within the deadline, ESMA may consider this requirement to be fulfilled;
Amendment 480 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 c – subparagraph 1
Article 25 – paragraph 2 c – subparagraph 1
ESMA, in agreement with the relevant central banks of issue of the financial instruments cleared or to be cleared by that CCP, and commensurate with the degree of systemic importance of the CCP in accordance with paragraph 2a, may conclude that a CCP is, on the basis of a fully reasoned assessment, conclude that a CCP or some of its clearing services, are of such substantial systemic importance that compliance with the conditions set out in paragraph 2b does not sufficiently ensure the financial stability of the Union or of one or more of its Member States and should not therefore be recogniszed. In such a caseits assessment, ESMA shall: (a) explain why compliance with the conditions set out in paragraph 2b does not sufficiently address the financial stability risk for the Union or for one or more of its Member States; (b) provide an assessment of the costs and benefits of a decision not to recognise the CCP. On the basis of its assessment, ESMA shall recommend that the Commission adopt an implementing delegated act confirming that that CCP should not be recognised in accordance with paragraph 2b.
Amendment 486 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 c – subparagraph 2
Article 25 – paragraph 2 c – subparagraph 2
After submission of the recommendation referred to in the firstsecond subparagraph, the Commission may adopt an implementing act declaring that that CCP shall not be recogn delegated act specifying: (a) that following the adaptation period specified by the Commission in accordance with point (b) some or all services provided by that CCP shall only be provided to clearing members and trading venues established pursuant to paragraph 2b and that it may only provide clearing services in the Union after it has been granted authorisation in accordance with Article 14. in the Union only by a CCP authorised in accordance with Article 14; (b) an appropriate adaptation period for the CCP, its clearing members and their clients; (c) the conditions under which that CCP may be temporarily recognised during the adaptation period referred to in point(b); (d) any measures that shall be taken during the adaptation period, in order to limit the potential costs to clearing members and their clients, in particular those established in the Union. In specifying the services and adaptation period referred to in points (a) and (b) of the third second subparagraph, the Commission shall consider: (a) the characteristics of the services offered by the CCP and their potential substitutability in the Union; (b) based on the legal and economic consequences of whether and to what extent including the outstanding cleared transactions shall be included within the scope of the implementing act; (c) the potential cost implications to clearing members and their clients, in particular those established in the Union.
Amendment 497 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point c
Article 2 – paragraph 1 – point 9 – point c
Regulation (EU) No 648/2012
Article 25 – paragraph 5
Article 25 – paragraph 5
5. ESMA shall, after consulting the authorities and entities referred to in paragraph 3, review the recognition of thea CCP established in a third country: (a) where thate CCP has extended the range of its activities and services in the Union; and in any case(b) At least every two years where that CCP clears an amount of financial instruments exceeding the level set in the delegated act referred to in the fifth subparagraph, and at least every twofive years in all other cases. That review shall be conducted in accordance with paragraphs 2, 3 and 4. Where, following the review referred to in the first subparagraph, ESMA determines that a third country CCP that has been recognized as Tier 1 CCP should be recognised as a Tier 2 CCP, ESMA shall set an appropriate adaptation period which shall not exceed 12 months within which the CCP must comply with the requirements referred to in paragraph (2b). ESMA may extend that adaptation period up to additional 6 months upon the reasoned request of the CCP or competent authority responsible for the supervision of the clearing members, where such extension is justified by exceptional circumstances and implications to the clearing members established in the Union. The Commission, in order to ensure the consistent application of this Article, shall, after consulting the central banks of issue of all Union currencies on aspects which related to the currency they issue, adopt a delegated act specifying the level referred to in point (b) of the first subparagraph The Commission shall adopt the delegated act referred to in the fifth subparagraph in accordance with Article 82.
Amendment 501 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point d
Article 2 – paragraph 1 – point 9 – point d
Regulation (EU) No 648/2012
Article 25 – paragraph 6 – introductory part
Article 25 – paragraph 6 – introductory part
The Commission may adopt an implementing act under Article 5 of Regulation (EU) No 182/2011 delegated act in accordance with Article 82, determining the following:
Amendment 525 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Article 2 – paragraph 1 – point 10
Regulation (EU) No 648/2012
Article 25b – paragraph 2 – subparagraph 1
Article 25b – paragraph 2 – subparagraph 1
Amendment 531 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Article 2 – paragraph 1 – point 10
Amendment 539 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Article 2 – paragraph 1 – point 10
Regulation (EU) No 648/2012
Article 25 b – paragraph 2 – subparagraph 3
Article 25 b – paragraph 2 – subparagraph 3
Amendment 553 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Article 2 – paragraph 1 – point 10
Regulation (EU) No 648/2012
Article 25 b a (new)
Article 25 b a (new)
Article 25ba College for third country CCPs 1. ESMA shall establish a college for third country CCPs to facilitate the sharing of information in accordance with Article XX. 2. The college shall consist of: (a) the permanent members of the CCP Supervisory Committee; (b) the competent authorities responsible for supervision of CCPs designated by the Member States pursuant to Article 22; (c) the competent authorities responsible for the supervision of the clearing members established in the Union; (d) the competent authorities responsible for the supervision of trading venues established in the Union, served or to be served by the CCP; (e) the competent authorities supervising central securities depositories established in the Union to which the CCP is linked or intends to be linked; (f) the members of the ESCB. 3. The college may request the CCP Supervisory Committee to discuss specific matters in relation to a CCP established in a third country. The CCP Supervisory Committee shall duly consider such requests and provide an appropriate response. 4. The Chair of the CCP Supervisory Committee shall chair the college. The establishment and functioning of the college shall be based on a written agreement between all its members.
Amendment 608 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 12
Article 2 – paragraph 1 – point 12
Regulation (EU) No 648/2012
Article 89 – paragraph 3 b
Article 89 – paragraph 3 b
3b. ESMA shall review the recognition decisions adopted pursuant to Article 25(1) before [entry into force of this Regulation] within 128 months from the entry into force of the delegated act referred to in the second subparagraph of Article 25(2a), in accordance with Article 25(5).
Amendment 610 #
2017/0136(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 12 a (new)
Article 2 – paragraph 1 – point 12 a (new)
Regulation (EU) No 648/2012
Article 89 – paragraph 9 a (new)
Article 89 – paragraph 9 a (new)
12a. In Article 89, paragraph 9a is added: "By June X the Commission shall review the implementation of Titles III, IV and V of this Regulation relating to the authorisation, recognition and supervision of CCPs. It shall assess the transfer of more tasks to ESMA in particular the functioning and efficiency of the role conferred on ESMA and the supervisory colleges in Titles III, IV and V. The Commission shall submit a report thereon to the European Parliament and to the Council. Where appropriate that report shall be accompanied by a legislative proposal."
Amendment 19 #
2016/2064(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the large investment gap in Europe, which the Commission estimates at a minimum of EUR 200-300 billion a year; , highlights in particular, against this backdrop, the market needs in Europe for SMEs and for high-risk financing, for instance in the fields of R&D, energy and ICT; is concerned by the fact that the most recent data on national accounts do not indicate any surge in investment since the European Fund for Strategic Investments (EFSI) was launched, leading to risks of continued subdued growth and continuing high unemployment rates; stresses that closing this investment gap is key to reviving growth, fighting unemployment and attaining long-term EU policy objectives;
Amendment 57 #
2016/2064(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that the purpose of EFSI is to ensure additionality by helping to address market failures or suboptimal investment situations and supporting operations which could not have been carried out, or not to the same extent, under existing Union financial instruments;
Amendment 75 #
2016/2064(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes that, while all projects approved under EFSI are presented as ‘special activities’, an independent evaluation has found that some projects could have been financed otherwise, though it remains to be seen whether they would have been financed under the same terms and conditions or to the same extent;
Amendment 92 #
2016/2064(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Calls on the Commission, in cooperation with the EIB and the EFSI governance structures, to draw up an inventory of all EU-backed EIB financing falling under the additionality criteria;
Amendment 98 #
2016/2064(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Urges the EIB to comply fully withand the EFSI governance structures to ensure that market failures and sub-optimal situations are fully addressed, as per the letter and the spirit of the EFSI Regulation and to implement real additionalityreport back to the European Parliament;
Amendment 110 #
2016/2064(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that, as provided for in the regulation, prior to a project being selected for EFSI support, it has to undergo due- diligence and decision-making processes both in the EIB and the EFSI governance structures in order to ensure the appropriate separation between the lender and the guarantor; observes that project promoters have expressed a wish for swift feedback and enhanced transparency in relation to both the selection criteria and the amount and type/tranche of possible EFSI support; criticises the current lack of clarity, which deters project promoters from applying for EFSI support; calls for the decision-making process to be made more transparent in respect of the selection criteria and financial support and to be speeded up, while continuing to ensure a robust due diligence in order to protect EU resources; underlines that in order to simplify the evaluation process, in particular for investment platforms, a joint due-diligence of EIB and NPBs, or a delegation by EIB to NPBs, should be encouraged;
Amendment 169 #
2016/2064(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Considers it important to discuss whether the envisaged leverage of 15 is appropriate to enable EFSI to support high quality projects bearing a higher risk; invites the EIB to weigh up or to properly address market failures; invites to strengthen the focus on the public goals to be achieved by the EFSI as a complementing to the volume requirement with secondary goals to be achieved;
Amendment 176 #
2016/2064(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Notes with concern that small projects are deterred from applying for EFSI financing based on their size; poinStresses the need to facilitate the financing of small projects toas they have a significant impact that a small project might nevertheless have on a national or regional scale; believes that the European Investment Advisory Hub (EIAH) is instrumental in advising and accompanying promoters of small-scale projects in the structuring and bundling of projects via investment platforms or framework agreements; calls on the Steering Board to look into this issue and put forward proposals to correct this situation;
Amendment 231 #
2016/2064(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls that the IC experts are responsible for EFSI project selection, granting the EU guarantee and for approving operations with investment platforms and National Promotional Banks (NPBs) or institutions; recalls further that they are independent; considers that project selection is not transparent enough and that decisionsthe IC haves to be held accounted forable for its decisions; stresses that the EIB should make improvements to the disclosure of information about the projects it approves under EFSI, with a proper justification of additionality and the scoreboard; is concerned about documented conflicts of interest on the part of IC members;
Amendment 296 #
2016/2064(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Acknowledges however that GDP and the number of projects approved are linked; recognises that larger Member States have a larger absorption capacity and are able to take advantage of more developed capital markets and are therefore more likely to benefit from a market-driven instrument such as EFSI; underlines that lower EFSI support in EU- 13 may be attributable to other factors, such as the small size of projects, and competition from the European Structural and Investment Funds (ESIF); observes with concern, however, the disproportionate benefit to certain countries andhowever, underlines the need to diversify geographical distribution further and improve geographic and regional balance, especially in crucial sectors such as modernising and improving the productivity and sustainability of economies;
Amendment 1 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 1 – indent 4
Annex I – part VII – point 57 – paragraph 1 – indent 4
- supplement that Regulation with the criteria for the measurement of quality of the variables;
Amendment 2 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 2
Annex I – part VII – point 57 – paragraph 4 – point 2
Regulation (EC) No 1165/98
Article 4 – paragraph 2 –point d
Article 4 – paragraph 2 –point d
(2) in point (d) of Article 4(2), the second subparagraph is replaced by the following: “The details of the schemes referred to in the first subparagraph shall be as specified in the Annexes. The Commission is empowered to adopt delegated acts in accordance with Article 18a concernto supplement this Regulation by further specifying their approval and application.”;
Amendment 3 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 3
Annex I – part VII – point 57 – paragraph 4 – point 3
Regulation (EC) No 1165/98
Article 10 – paragraph 5
Article 10 – paragraph 5
5. The Commission is empowered to adopt delegated acts in accordance with Article 18a concernto supplement this Regulation by specifying the criteria for the measurement of quality of the variables.;
Amendment 4 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 4 a (new)
Annex I – part VII – point 57 – paragraph 4 – point 4 a (new)
Regulation (EC) No 1165/98
Article 18 – paragraph 3
Article 18 – paragraph 3
(4a) in Article 18, paragraph 3 is deleted;
Amendment 5 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 5
Annex I – part VII – point 57 – paragraph 4 – point 5
Regulation (EC) No 1165/98
Article 18a – paragraph 2
Article 18a – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(3), Article 4(2)(d), second subparagraph, Article 10(5), Annex A points (a), (b) 3, (c) 2, (c) 10, (d) 2, (f) 8 and 9, Annex B points (b) 4 and (d) 2, Annex C points (b) 2, (d) 2 and (g) 2 and Annex D points (b) 2 and (d) 2. shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 6 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 5
Annex I – part VII – point 57 – paragraph 4 – point 5
Regulation (EC) No 1165/98
Article 18a – paragraph 3
Article 18a – paragraph 3
3. The delegation of power referred to in Article 3(3), Article 4(2)(d), second subparagraph, Article 10(5), Annex A points (a), (b) 3, (c) 2, (c) 10, (d) 2, (f) 8 and 9, Annex B points (b) 4 and (d) 2, Annex C points (b) 2, (d) 2 and (g) 2 and Annex D points (b) 2 and (d) 2 may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 7 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 5
Annex I – part VII – point 57 – paragraph 4 – point 5
Regulation (EC) No 1165/98
Article 18a – paragraph 6
Article 18a – paragraph 6
6. A delegated act adopted pursuant to Article 3(3), Article 4(2)(d), second subparagraph, Article 10(5), Annex A points (a), (b) 3, (c) 2, (c) 10, (d) 2, (f) 8 and 9, Annex B points (b) 4 and (d) 2, Annex C points (b) 2, (d) 2 and (g) 2 and Annex D points (b) 2 and (d) 2 shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 8 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 6 – point ii
Annex I – part VII – point 57 – paragraph 4 – point 6 – point ii
Regulation (EC) No 1165/98
Annex A – point b – point 3
Annex A – point b – point 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use ofto supplement this Regulation by providing for the possibility to use other observation units.;
Amendment 9 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 6 – point iii
Annex I – part VII – point 57 – paragraph 4 – point 6 – point iii
Regulation (EC) 1165/98
Annex A – point c – point 2
Annex A – point c – point 2
2. The information on output prices for non-domestic markets (No 312) and import prices (No 340) may be compiled using unit values for products originating from foreign trade or other sources only if there is no significant deterioration in quality compared to specific price information. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerto supplement this Regulation by determining the conditions for assuring the necessary data quality.;
Amendment 10 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 6 – point viii
Annex I – part VII – point 57 – paragraph 4 – point 6 – point viii
Regulation (EC) No 1165/98
Annex A – point f – point 9
Annex A – point f – point 9
9. The variables on the non-domestic markets (Nos 122 and 312) are to be transmitted according to the distinction into euro-zonearea and non-euro- zonearea. The distinction is to be applied to the total industry defined as NACE Rev. 2 Sections B to E, the MIGs, the Section (1 letter) and Division 2-digit level of NACE Rev. 2. The information on NACE Rev. 2 D and E is not required for variable 122. In addition, the import price variable (No 340) is to be transmitted according to the distinction into euro-zonearea and non-euro- zonearea. The distinction is to be applied to the total industry defined as CPA Sections B to E, the MIGs, the Section (1 letter) and Division 2-digit level of CPA. For the distinction into the euro-zonearea and non- euro-zonearea, the Commission is empowered to adopt delegated acts in accordance with Article 18a concerning theto supplement this Regulation by determination ofing the terms for applying European sample schemes as defined in point (d) of the first subparagraph of Article 4(2). The European sample scheme may limit the scope of the import price variable to the import of products from non-euro-zonearea countries. The distinction into the euro- zonearea and non- euro-zonearea for the variables 122, 312 and 340 does not need to be transmitted by those Member States that have not adopted the euro as their currency.;
Amendment 11 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 7 – point i
Annex I – part VII – point 57 – paragraph 4 – point 7 – point i
Regulation (EC) No 1165/98
Annex B – point b – point 4
Annex B – point b – point 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use ofto supplement this Regulation by providing for the possibility to use other observation units.;
Amendment 12 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 8 – point i
Annex I – part VII – point 57 – paragraph 4 – point 8 – point i
Regulation (EC) No 1165/98
Annex C – point b – point 2
Annex C – point b – point 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use ofto supplement this Regulation by providing for the possibility to use other observation units.;
Amendment 13 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 8 – point iii
Annex I – part VII – point 57 – paragraph 4 – point 8 – point iii
Regulation (EC) No 1165/98
Annex C – point c – point 4
Annex C – point c – point 4
(iii) in point (c) 4.4, the last third subparagraph is deleted;
Amendment 14 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 8 – point v
Annex I – part VII – point 57 – paragraph 4 – point 8 – point v
Regulation (EC) No 1165/98
Annex C – point g – point 2
Annex C – point g – point 2
2. The variables shall be transmitted for turnover (No 120) and the deflator of sales/volume of sales (No 330/123) within one month for the level of detail specified in paragraph 3 under heading (f) of this Annex. Member States may choose to participate for the turnover and deflator of sales/ volume of sales variables No 120 and 330/123 with contributions according to the allocation of a European sample scheme as defined in point (d) of the first subparagraph of Article 4(2). The Commission is empowered to adopt delegated acts in accordance with Article 18a concerto supplement this Regulation by determining the terms of the allocation of a European sample scheme.;
Amendment 15 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 9 – point i
Annex I – part VII – point 57 – paragraph 4 – point 9 – point i
Regulation (EC) No 1165/98
Annex D – point b – point 2
Annex D – point b – point 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use ofto supplement this Regulation by providing for the possibility to use other observation units.;
Amendment 16 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 9 – point iv
Annex I – part VII – point 57 – paragraph 4 – point 9 – point iv
Regulation (EC) No 1165/98
Annex D – point d – point 2
Annex D – point d – point 2
2. The turnover variable (No 120) is also to be transmitted in working-day adjusted form. Wherever other variables show working-day effects, Member States may also transmit those variables in working-day adjusted form. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the amendment of the list of variables to be transmitted in working- day adjusted form may be amended by the Commission.;
Amendment 17 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 1
Annex I – part VII – point 58 – paragraph 1
In order to adapt Regulation (EC) No 530/1999 with a view to taking account of economic and technical changes, the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to supplement that Regulation with the definition and breakdown of the information to be provided and the criteria for quality evaluation criteriaof the statistics. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
Amendment 18 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 1
Annex I – part VII – point 58 – paragraph 3 – point 1
Regulation (EC) No 530/1999
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 10a concernto supplement this Regulation by specifying the definition and breakdown of the information to be provided under paragraphs 1 and 2 of this Article. These delegated acts shall be adopted for each reference period at least nine months before the beginning of the reference period.;
Amendment 19 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 3
Annex I – part VII – point 58 – paragraph 3 – point 3
Regulation (EC) No 530/1999
Article 10 – paragraph 3
Article 10 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 10a concerning theto supplement this Regulation by specifying the criteria for quality evaluation criteriaof the statistics. Those delegated acts shall be adopted for each reference period at least nine months before the beginning of the reference period.;
Amendment 20 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 4
Annex I – part VII – point 58 – paragraph 3 – point 4
Council Regulation (EC) No 530/1999
Article 10a – paragraph 2
Article 10a – paragraph 2
2. The power to adopt delegated acts referred to in Article 6(3) and Article 10(3) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 21 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 4
Annex I – part VII – point 58 – paragraph 3 – point 4
Regulation (EC) No 530/1999
Article 10a – paragraph 6
Article 10a – paragraph 6
6. A delegated act adopted pursuant to Article 6(3) and Article 10(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 22 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 1 – indent 3 a (new)
Annex I – part VII – point 61 – paragraph 1 – indent 3 a (new)
- supplement that Regulation by adopting measures regarding the provision of the data pursuant to the results of the feasibility studies.
Amendment 23 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 3
Annex I – part VII – point 61 – paragraph 3
In order to ensure uniform conditions for the implementation of Regulation (EC) No 450/2003 concerning the contentstructure and modalities of the quality report, implementing powers should be conferred on the Commission. Those powers should be exercised in accordance with Regulation (EU) No 182/2011.
Amendment 24 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 1
Annex I – part VII – point 61 – paragraph 4 – point 1
Regulation (EC) No 450/2003
Article 2 – paragraph 4
Article 2 – paragraph 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning amendments of the Annex to redefine the technical specification of the index and revise the weighting structure.;
Amendment 25 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 2
Annex I – part VII – point 61 – paragraph 4 – point 2
Regulation (EC) No 450/2003
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning the amendments for the inclusion of economic activities defined by NACE Rev.2 sections O to S in the scope of this Regulation, taking into account the feasibility studies definedprovided for in Article 10.;
Amendment 26 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 3
Annex I – part VII – point 61 – paragraph 4 – point 3
Regulation (EC) No 450/2003
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
Taking account of contributions to total employment and to labour costs at Union and national levels, the Commission is empowered to adopt delegated acts in accordance with Article 11a concerning the identification of theto supplement this Regulation as regards the breakdown by economic activities defined by NACE Rev. 2 sections and by further disaggregations, not beyond the level of NACE Rev. 2 divisions (2-digit level) or groupings of divisions in which the data shall be broken down taking account of economic and social developments.
Amendment 27 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 3
Annex I – part VII – point 61 – paragraph 4 – point 3
Regulation (EC) No 450/2003
Article 4 – paragraph 2 – subparagraph 2
Article 4 – paragraph 2 – subparagraph 2
The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning theto supplement this Regulation by determination ofing these economic activities, taking into account the feasibility studies definedprovided for in Article 10.
Amendment 28 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 3
Annex I – part VII – point 61 – paragraph 4 – point 3
Regulation (EC) No 450/2003
Article 4 – paragraph 3
Article 4 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning theto supplement this Regulation by establishment ofing the methodology for chaining the index.;
Amendment 29 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 4
Annex I – part VII – point 61 – paragraph 4 – point 4
Regulation (EC) No 450/2003
Article 8 – paragraph 1
Article 8 – paragraph 1
1. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning the definition ofto supplement this Regulation by defining separate quality criteria. The current data and back data transmitted shall satisfy these quality criteria.
Amendment 30 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 4
Annex I – part VII – point 61 – paragraph 4 – point 4
Regulation (EC) No 450/2003
Article 8 – paragraph 2
Article 8 – paragraph 2
2. The Member States shall provide annual quality reports to the Commission, beginning in 2003. The contentstructure and modalities of the reports shall be defined by the Commission by means of implementing act. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 12(2).;
Amendment 31 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 4 a (new)
Annex I – part VII – point 61 – paragraph 4 – point 4 a (new)
Regulation (EC) No 450/2003
Article 9
Article 9
(4 a) Article 9 is deleted.
Amendment 32 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 5 – point a
Annex I – part VII – point 61 – paragraph 4 – point 5 – point a
Regulation (EC) No 450/2003
Article 10 – paragraph 5
Article 10 – paragraph 5
5. The Commission shall adopt measures pursuant to the results of the feasibility studies by means of implementing act. Those implementing acts shall be adopted in accordance with the procedurebe empowered to adopt delegated acts in accordance with Article 11a to supplement this Regulation concerning the provision of the data referred to in paragraph 2 of this Article pursuant to the results of the feasibility studies referred to in this Article 12(2). Those measuredelegated acts shall respect the principle of cost-effectiveness, as defined in Article 2 of Regulation (EC) No 223/2009, including the minimisation of the burden on respondents.;
Amendment 33 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 7
Annex I – part VII – point 61 – paragraph 4 – point 7
Regulation (EC) No 450/2003
Article 11a – paragraph 2
Article 11a – paragraph 2
2. The power to adopt delegated acts referred to in Article 2(4), Article 3(2) and Article 4 shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this omnibus], Article 4(1), (2) and (3) and Article 8(1) and Article 10(5) shall be conferred on the Commission for a period of five years from [date of entry into force of this omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 34 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 7
Annex I – part VII – point 61 – paragraph 4 – point 7
3. The delegation of power referred to in Article 2(4), Article 3(2) and Article 4, Article 4(1), (2) and (3) and Article 8(1) and Article 10(5) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 35 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 7
Annex I – part VII – point 61 – paragraph 4 – point 7
Regulation (EC) No 450/2003
Article 11a – paragraph 6
Article 11a – paragraph 6
6. A delegated act adopted pursuant to Article 2(4), Article 3(2) and Article 4, Article 4(1), (2) and (3), Article 8(1) and Article 10(5) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 36 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 1 – indent 2
Annex I – part VII – point 63 – paragraph 1 – indent 2
- amend that Regulation to adapjust the proportion of the Union total;
Amendment 37 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 1 – point a
Annex I – part VII – point 63 – paragraph 3 – point 1 – point a
Regulation (EC) No 1161/2005
Article 2 – paragraph 2
Article 2 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 7a concernto supplement this Regulation by specifying the timetable for the transmission of items P.1, P.2, D.42, D.43, D.44, D.45, and B.4G, and any decision toby requireing a breakdown of the transactions listed in the Annex by counterpart sector. Any such decisionlegated act shall only be adopted after the Commission has reported to the European Parliament and the Council on the implementation of this Regulation pursuant to Article 9.;
Amendment 38 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 1 – point b a (new)
Annex I – part VII – point 63 – paragraph 3 – point 1 – point b a (new)
Regulation (EC) No 1161/2005
Article 2 – paragraph 5
Article 2 – paragraph 5
(ba) paragraph 5 is deleted;
Amendment 39 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 2
Annex I – part VII – point 63 – paragraph 3 – point 2
Regulation (EC) No 1161/2005
Article 3 – paragraph 3
Article 3 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 7a amending paragraph 1 of this Article as regardsto adjust the proportion (1%) of the Union total." ;
Amendment 40 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 3
Annex I – part VII – point 63 – paragraph 3 – point 3
Regulation (EC) No 1161/2005
Article 6 – paragraph 1
Article 6 – paragraph 1
1. The Commission is empowered to adopt delegated acts in accordance with Article 7a concerning the adoption ofto supplement this Regulation by establishing common quality standards.
Amendment 41 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 4
Annex I – part VII – point 63 – paragraph 3 – point 4
Regulation (EC) No 1161/2005
Article 7a – paragraph 2
Article 7a – paragraph 2
2. The power to adopt delegated acts referred to in Article 2(2) and (4), Article 3(3) and Article 6(1) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus]. period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 42 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 4
Annex I – part VII – point 63 – paragraph 3 – point 4
Regulation (EC) No 1161/2005
Article 7a – paragraph 6
Article 7a – paragraph 6
6. A delegated act adopted pursuant to Article 2(2) and (4), Article 3(3) and Article 6(1) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 43 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 65 – paragraph 2 – point 1
Annex I – part VII – point 65 – paragraph 2 – point 1
Regulation (EC) No 1893/2006
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 6a amending the Annex I to take account of technological or economic developments or to align it with other economic and social classifications.;
Amendment 44 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 65 – paragraph 2 – point 2
Annex I – part VII – point 65 – paragraph 2 – point 2
Regulation (EC) No 1893/2006
Article 6a – paragraph 2
Article 6a – paragraph 2
2. The power to adopt delegated acts referred to in Article 6(2) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 45 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 65 – paragraph 2 – point 2
Annex I – part VII – point 65 – paragraph 2 – point 2
Regulation (EC) No 1893/2006
Article 6a – paragraph 6
Article 6a – paragraph 6
6. A delegated act adopted pursuant to Article 6(2) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 46 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 1
Annex I – part VII – point 67 – paragraph 1
In order to adapt Regulation (EC) No 716/2007 to economic and technical developments the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to amend the definitions in Annexes I and II and the level of detail in Annex III and to supplement that Regulation with measures concerning inward and outward statistics on foreign affiliates and common quality standards.
Amendment 47 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 2
Annex I – part VII – point 67 – paragraph 4 – point 2
Regulation (EC) No 716/2007
Article 5 – paragraph 4 – subparagraph 1
Article 5 – paragraph 4 – subparagraph 1
4. The Commission is empowered to adopt delegated acts in accordance with Article 9a concerto supplement this Regulation by determining the necessary measures for inward and outward statistics on foreign affiliates, on the basis of the conclusions of the pilot studies.
Amendment 48 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 3
Annex I – part VII – point 67 – paragraph 4 – point 3
Regulation (EC) No 716/2007
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 9a concernto supplement this Regulation by establishing common quality standards referred to in paragraph 1.;
Amendment 49 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 4 – point a – point ii
Annex I – part VII – point 67 – paragraph 4 – point 4 – point a – point ii
Regulation (EC) No 716/2007
Article 9 – paragraph 1
Article 9 – paragraph 1
(c) defining the contentstructure, modalities and periodicity of the quality reports referred to in Article 6(2).;
Amendment 50 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 5
Annex I – part VII – point 67 – paragraph 4 – point 5
Regulation (EC) No 716/2007
Article 9a – paragraph 2
Article 9a – paragraph 2
2. The power to adopt delegated acts referred to in the second paragraph of Article 2, Article 5(4) and Article 6(3) shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 51 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 5
Annex I – part VII – point 67 – paragraph 4 – point 5
Regulation (EC) No 716/2007
Article 9a – paragraph 3
Article 9a – paragraph 3
3. The delegation of power referred to in the second paragraph of Article 2, Article 5(4) and Article 6(3) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 52 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 5
Annex I – part VII – point 67 – paragraph 4 – point 5
Regulation (EC) No 716/2007
Article 9a – paragraph 6
Article 9a – paragraph 6
6. A delegated act adopted pursuant to the second paragraph of Article 2, Article 5(4) and Article 6(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 53 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 1
Annex I – part VII – point 69 – paragraph 3 – point 1
Regulation (EC) No 1445/2007
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
The Commission is empowered to adopt delegated acts in accordance with Article 10a amending the definitions set out in the first paragraph and amending the list of basic headings in Annex II to take account of economic and technical changes, insofar as this does not involve a disproportionate increase in costs for the Member States.;
Amendment 54 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 2 – point a
Annex I – part VII – point 69 – paragraph 3 – point 2 – point a
Regulation (EC) No 1445/2007
Article 7 – paragraph 4
Article 7 – paragraph 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 10a concernto supplement this Regulation by establishing common criteria on which the quality control referred to in paragraph 1 is based.;
Amendment 55 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 2 – point b
Annex I – part VII – point 69 – paragraph 3 – point 2 – point b
Regulation (EC) No 1445/2007
Article 7 – paragraph 5
Article 7 – paragraph 5
5. The Commission shall adopset out the structure and modalities of the quality reports, as referred to in paragraph 3 and specified in point 5.3 of Annex I, by means of implementing acts. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 11(2).;
Amendment 56 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 3
Annex I – part VII – point 69 – paragraph 3 – point 3
Regulation (EC) No 1445/2007
Article 10a – paragraph 2
Article 10a – paragraph 2
2. The power to adopt delegated acts referred to in the second paragraph of Article 3 and Article 7(4) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus]. period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 57 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 3
Annex I – part VII – point 69 – paragraph 3 – point 3
Regulation (EC) No 1445/2007
Article 10a – paragraph 3
Article 10a – paragraph 3
3. The delegation of power referred to in the second paragraph of Article 3 and Article 7(4) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 58 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 3
Annex I – part VII – point 69 – paragraph 3 – point 3
Regulation (EC) No 1445/2007
Article 10a – paragraph 6
Article 10a – paragraph 6
6. A delegated act adopted pursuant to the second paragraph of Article 3 and Article 7(4) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 59 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 1
Annex I – part VII – point 70 – paragraph 1
In order to adapt Regulation (EC) No 177/2008 to economic and technical developments, the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to amend the list of register characteristics, their definition and their continuity rules in the Annex to that Regulation and to supplement that Regulation with common quality standards for the quality of business registers and rules for updating registers and by determining the extent to which certain enterprises and enterprise groups are to be included in the registers, specifying units consistent with those for agricultural statistics. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
Amendment 60 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 1
Annex I – part VII – point 70 – paragraph 3 – point 1
Regulation (EC) No 177/2008
Article 3 – paragraph 6
Article 3 – paragraph 6
6. The Commission is empowered to adopt delegated acts in accordance with Article 15a to supplement this Regulation by determining the extent to which enterprises with less than half a person employed and all resident enterprise groups of no statistical importance to the Member States are to be included in the registers, and the definition of units consistent with those for agricultural statistics.;
Amendment 61 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 3
Annex I – part VII – point 70 – paragraph 3 – point 3
Regulation (EC) No 177/2008
Article 6 – paragraph 3 – subparagraph 1
Article 6 – paragraph 3 – subparagraph 1
3. The Commission is empowered to adopt delegated acts in accordance with Article 15a concerning common quality standardsto supplement this Regulation by establishing common standards for the quality of business registers as referred to in paragraph 1.
Amendment 62 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 3
Annex I – part VII – point 70 – paragraph 3 – point 3
Regulation (EC) No 177/2008
Article 6 – paragraph 3 – subparagraph 2
Article 6 – paragraph 3 – subparagraph 2
The Commission shall adopt decisions concerning the contentstructure, modalities and periodicity of the quality reports referred to in paragraph 2 by means of implementing act. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 16(2).
Amendment 63 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 4
Annex I – part VII – point 70 – paragraph 3 – point 4
Regulation (EC) No 177/2008
Article 8 – paragraph 3
Article 8 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 15a concernto supplement this Regulation by establishing the rules for updating registers.;
Amendment 64 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 6
Annex I – part VII – point 70 – paragraph 3 – point 6
Regulation (EC) No 177/2008
Article 15a – paragraph 2
Article 15a – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(6), Article 5(2), Article 6(3) and Article 8(3) shall be conferred on the Commission for an indeterminate period of time [from the entry into force of the Omnibus] period of five years from [date of entry into force of the Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 65 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 6
Annex I – part VII – point 70 – paragraph 3 – point 6
Regulation (EC) No 177/2008
Article 15a – paragraph 6
Article 15a – paragraph 6
6. A delegated act adopted pursuant to Article 3(6), Article 5(2), Article 6(3) and Article 8(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 66 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 1
Annex I – part VII – point 71 – paragraph 3 – point 1
Regulation (EC) No 295/2008
Article 3 – paragraph 4 – subparagraph 1
Article 3 – paragraph 4 – subparagraph 1
4. The use of the flexible module referred to in point (j) of paragraph 2 shall be planned in close cooperation with Member States. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing itsthe scope, of the flexible module, its list of characteristics, reference period, activities to be covered and quality requirements. The delegated act shall be adopted at least 12 months before the beginning of the reference period.
Amendment 67 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 2
Annex I – part VII – point 71 – paragraph 3 – point 2
Regulation (EC) No 295/2008
Article 4 – paragraph 4
Article 4 – paragraph 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerto supplement this Regulation by defining the measures necessary on the basis of the evaluation of the pilot studies.;
Amendment 68 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 3
Annex I – part VII – point 71 – paragraph 3 – point 3
Regulation (EC) No 295/2008
Article 7 – paragraph 2
Article 7 – paragraph 2
2. In order thatFor the purposes of compiling Union aggregates may be compiled, Member States shall produce component national results according to the levels of NACE Rev. 2 laid down in the Annexes to this Regulation or in delegated acts. The Commission is empowered to adopt such delegated acts in accordance with Article 11b supplementing this Regulation by determining the relevant levels of NACE Rev. 2.;
Amendment 69 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 4 – point a
Annex I – part VII – point 71 – paragraph 3 – point 4 – point a
Regulation (EC) No 295/2008
Article 8 – paragraph 2 – subparagraph 1
Article 8 – paragraph 2 – subparagraph 1
2. The results shall be transmitted in an appropriate technical format, within a period of time starting from the end of the reference period. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by specifying the reference period for the modules provided for in Article 3(2)(a) to (h) and (j) and this, which period shall be no longer than 18 months. For the module provided for in Article 3(2)(i), the period of time shall be no longer than 30 months or 18 months as laid down in Annex IX, Section 9. In addition, a small number of estimated preliminary results shall be transmitted within a period of time starting from the end of the reference period which shall be laid down in accordance with that procedure. The Commission is empowered to adopt delegated acts in accordance with Article 11b to supplement this Regulation by specifying that period for the modules provided for in Article 3(2)(a) to (g) an, which period shall be no longer than 10 months.
Amendment 70 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 4 – point b
Annex I – part VII – point 71 – paragraph 3 – point 4 – point b
The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by review ofing the rules for the CETO flag and grouping the Member States, by 29 April 2013 and every five years thereafter.;
Amendment 71 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 6
Annex I – part VII – point 71 – paragraph 3 – point 6
Regulation (EC) No 295/2008
Article 11b – paragraph 2
Article 11b – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(4), Article 4(4), Article 7(2), Article 8(2) and (3), Article 11a, Annex I, Sections 5, 6, 8(1) and (2), Section 6, of Annexes II, III and IV, Annex VI, Section 7, Annex VIII , Sections 3, 4(2) and (3), Annex IX Sections 8(2) and (3) and 10(2), shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus]. period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 72 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 6
Annex I – part VII – point 71 – paragraph 3 – point 6
Regulation (EC) No 295/2008
Article 11b – paragraph 6
Article 11b – paragraph 6
6. A delegated act adopted pursuant to Article 3(4), Article 4(4), Article 7(2), Article 8(2) and (3), Article 11a, Annex I, Sections 5, 6, 8(1) and (2), Section 6, of Annexes II, III and IV, Annex VI, Section 7, Annex VIII , Sections 3, 4(2) and (3), Annex IX Sections 8(2) and (3) and 10(2), shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.”
Amendment 73 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
The first reference year for which statistics are compiled is the calendar year 2008. Data will be compiled according to the breakdown in Section 9. However, the Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the first reference year for which statistics on the activity classes covered by the NACE Rev. 2 groups 64.2, 64.3 and 64.9 and division 66 are to be compiled.
Amendment 74 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Regulation (EC) No 295/2008
Annex I – section 6 – paragraph 1
Annex I – section 6 – paragraph 1
For each of the key characteristics Member States will indicate the degree of precision by reference to a confidence level of 95 %, which the Commission will include in the report provided for in Article 13, taking account of the application in each Member States of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the key characteristics.
Amendment 75 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point i
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point i
Regulation (EC) No 295/2008
Annex I – section 8 – paragraph 1
Annex I – section 8 – paragraph 1
1. The results are to be transmitted within 18 months of the end of the calendar year of the reference period, except for the NACE Rev. 2 activity classes 64.11 and 64.19. For the NACE Rev. 2 activity classes 64.11 and 64.19 the transmission delay is 10 months. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the transmission delay of the results on the activity classes covered by the NACE Rev. 2 groups 64.2, 64.3 and 64.9 and division 66.;
Amendment 76 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point ii
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point ii
Regulation (EC) No 295/2008
Annex I – section 8 – paragraph 2 – subparagraph 2
Annex I – section 8 – paragraph 2 – subparagraph 2
These preliminary results or estimates are to be broken down to NACE Rev. 2, 3- digit level (group). The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning the division 66 of NACE Rev. 2,to supplement this Regulation by establishing the transmission of preliminary results or estimates for division 66 of NACE Rev. 2.;
Amendment 77 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 9
Annex I – part VII – point 71 – paragraph 3 – point 9
Regulation (EC) No 295/2008
Annex II – section 6
Annex II – section 6
For each key characteristic Member States will indicate the degree of precision by reference to a confidence level of 95 % which the Commission will include in the report provided for in Article 13, taking account of the application in each Member State of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by establishing such key characteristics.;
Amendment 78 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 10
Annex I – part VII – point 71 – paragraph 3 – point 10
Regulation (EC) No 295/2008
Annex III – section 6– paragraph 1
Annex III – section 6– paragraph 1
For each key characteristic Member States will indicate the degree of precision by reference to a confidence level of 95 % which the Commission will include in the report provided for in Article 13, taking account of the application in each Member State of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by establishing such key characteristics.;
Amendment 79 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 11
Annex I – part VII – point 71 – paragraph 3 – point 11
Regulation (EC) No 295/2008
Annex IV – section 6 – paragraph 1
Annex IV – section 6 – paragraph 1
For each key characteristic Member States will indicate the degree of precision by reference to a confidence level of 95 % which the Commission will include in the report provided for in Article 13, taking account of the application in each Member State of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by establishing such key characteristics.;
Amendment 80 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 12
Annex I – part VII – point 71 – paragraph 3 – point 12
Regulation (EC) No 295/2008
Annex VI – section 7 – paragraph 1
Annex VI – section 7 – paragraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the transmission delay of the results that will not be longer than 10 months starting from the end of the reference year.;
Amendment 81 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 13 – point a
Annex I – part VII – point 71 – paragraph 3 – point 13 – point a
Regulation (EC) No 295/2008
Annex VIII – section 3 –paragraph 1– sentence 5
Annex VIII – section 3 –paragraph 1– sentence 5
On the basis of this study, the Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto amend this Regulation by changing of the lower limit of the reference population.;
Amendment 82 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 13 – point b
Annex I – part VII – point 71 – paragraph 3 – point 13 – point b
Regulation (EC) No 295/2008
Annex VIII – section 4 – paragraphs 2 and 3 – table
Annex VIII – section 4 – paragraphs 2 and 3 – table
The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning the determination of product breakdown.; (This amendment concerns the table ‘Breakdown of turnover by product type’, the sentence into supplement this Regulation by establishing the product breakdown.; Or. en the column ‘Comment’.)
Amendment 83 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Regulation (EC) No 295/2008
Annex IX – section 8 – paragraph 2
Annex IX – section 8 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerningto supplement this Regulation by establishing that some results that shall also be broken down into size classes to the level of detail listed in Section 10, except for NACE Rev. 2 Sections L, M and N, where the breakdown is required only to the group level.
Amendment 84 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Regulation (EC) No 295/2008
Annex IX – section 8 – paragraph 3
Annex IX – section 8 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerningto supplement this Regulation by establishing that some results that shall also be broken down according to legal form to the level of the detail listed in Section 10, except for NACE Rev. 2 Sections L, M and N, where the breakdown is required only to the group level.;
Amendment 85 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 14 – point b
Annex I – part VII – point 71 – paragraph 3 – point 14 – point b
Regulation (EC) No 295/2008
Annex IX – section 10 – paragraph 2 – subsection "Special aggregates"
Annex IX – section 10 – paragraph 2 – subsection "Special aggregates"
To enable Union statistics on business demography to be compiled for the Information and Communication Technology sector, the Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing a number of special aggregates of the NACE Rev. 2 to be transmitted..
Amendment 86 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 72 – paragraph 2 – point 1
Annex I – part VII – point 72 – paragraph 2 – point 1
Regulation (EC) No 451/2008
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 6a amending the Annex: (a) economic developments; (b) social classifications.; to take account of technological or economic developments and to align it with other economic and social classifications. to take account of technological or to align it with other economic and
Amendment 87 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 72 – paragraph 2 – point 2
Annex I – part VII – point 72 – paragraph 2 – point 2
Regulation (EC) No 451/2008
Article 6a – paragraph 2
Article 6a – paragraph 2
2. The power to adopt delegated acts referred to in Article 6(2) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 88 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 72 – paragraph 2 – point 2
Annex I – part VII – point 72 – paragraph 2 – point 2
Regulation (EC) No 451/2008
Article 6a – paragraph 6
Article 6a – paragraph 6
6. A delegated act adopted pursuant to Article 6(2) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 89 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Regulation (EC) No 1606/2002
Article 3 – paragraph 1 – subparagraph 1
Article 3 – paragraph 1 – subparagraph 1
1. The Commission is empowered to adopt delegated acts in accordance with Article 5a concernto supplement this Regulation by establishing the applicability within the Union of international accounting standards (hereafter referred to as "adopted international accounting standards").
Amendment 90 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Amendment 91 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 a (new)
Annex I – part VIII – point 79 – paragraph 2 – point 1 a (new)
Regulation (EC) No 1606/2002
Article 4
Article 4
Amendment 92 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 b (new)
Annex I – part VIII – point 79 – paragraph 2 – point 1 b (new)
Regulation (EC) No 1606/2002
Article 5
Article 5
(1 b) Article 5 is replaced by the following: "Article 5 Options in respect of annual accounts and of non publicly-traded companies Member States may permit or require: (a) the companies referred to in Article 4 to prepare their annual accounts, (b) companies other than those referred to in Article 4 to prepare their consolidated accounts and/or their annual accounts, in conformity with the international accounting standards adopted in accordance with the procedArticle 3(1).” Or. en (http://eure- laid down in Article 6(2).” ex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2002:243:0001:0004:en:PDF)
Amendment 93 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5a – paragraph 2
Article 5a – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(1) shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 94 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5a – paragraph 6
Article 5a – paragraph 6
6. A delegated act adopted pursuant to Article 3(1) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 95 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5b
Article 5b
Amendment 96 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 3
Annex I – part VIII – point 79 – paragraph 2 – point 3
Regulation (EC) No 1606/2002
Article 6
Article 6
(3) Articles 6 and 7 areis deleted.
Amendment 97 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 3 a (new)
Annex I – part VIII – point 79 – paragraph 2 – point 3 a (new)
Regulation (EC) No 1606/2002
Article 7
Article 7
Amendment 98 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 1
Annex I – part VIII – point 80 – paragraph 1
Amendment 99 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 1
Annex I – part VIII – point 80 – paragraph 2 – point 1
Directive 2009/110/EC
Article 14
Article 14
(1) Article 14 is replaced by the following: Article 14 Delegated acts The Commission is empowered to adopt delegated acts in accordance with Article 14a: a) amending this Directive in order to take account of inflation or technological and market developments; b) amending Article 1(4) and (5) to ensure the convergent application of the exemptions referred to in those provisions.;deleted.
Amendment 100 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 2
Annex I – part VIII – point 80 – paragraph 2 – point 2
Directive 2009/110/EC
Article 14a
Article 14a
Amendment 101 #
2016/0400(COD)
Proposal for a regulation
Annex I – part X – point 101 – paragraph 2 – point 2
Annex I – part X – point 101 – paragraph 2 – point 2
Directive 2008/48/EC
Article 24a – paragraph 2
Article 24a – paragraph 2
2. The power to adopt delegated acts referred to in Article 19(5) shall be conferred on the Commission for an indeterminate period of time from [the entry into force of this Omnibus] period of five years from [date of entry into force of this Omnibus]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 102 #
2016/0400(COD)
Proposal for a regulation
Annex I – part X – point 101 – paragraph 2 – point 2
Annex I – part X – point 101 – paragraph 2 – point 2
Directive 2008/48/EC
Article 24a – paragraph 6
Article 24a – paragraph 6
6. A delegated act adopted pursuant to Article 19(5) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 450 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 1 – indent 4
Annex I – part VII – point 57 – paragraph 1 – indent 4
– supplement that Regulation with the criteria for the measurement of quality of the variables;
Amendment 451 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 2 – introductory part Regulation (EC) No 1165/98
Annex I – part VII – point 57 – paragraph 4 – point 2 – introductory part Regulation (EC) No 1165/98
(2) in point (d) of the first subparagraph of Article 4(2), the second subparagraph is replaced by the following:
Amendment 452 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 2
Annex I – part VII – point 57 – paragraph 4 – point 2
Regulation (EC) No 1165/98
Article 4 – paragraph 2 – subparagraph 1 – point d – subparagraph 2
Article 4 – paragraph 2 – subparagraph 1 – point d – subparagraph 2
The details of the schemes referred to in the first subparagraph shall be as specified in the Annexes. The Commission is empowered to adopt delegated acts in accordance with Article 18a concernto supplement this Regulation by further specifying their approval and application.;
Amendment 453 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 3
Annex I – part VII – point 57 – paragraph 4 – point 3
Regulation (EC) No 1165/98
Article 10 – paragraph 5
Article 10 – paragraph 5
5. The Commission is empowered to adopt delegated acts in accordance with Article 18a concernto supplement this Regulation by specifying the criteria for the measurement of quality of the variables.;
Amendment 454 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 4 a (new)
Annex I – part VII – point 57 – paragraph 4 – point 4 a (new)
Regulation (EC) No 1165/98
Article 18 – paragraph 3
Article 18 – paragraph 3
(4a) in Article 18, paragraph 3 is deleted;
Amendment 455 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 5
Annex I – part VII – point 57 – paragraph 4 – point 5
Regulation (EC) No 1165/98
Article 18 a – paragraph 2
Article 18 a – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(3), the second subparagraph of point (d) of the first subparagraph of Article 4(2), Article 10(5), Annex A points (a), (b) 3, (c) 2, (c) 10, (d) 2, (f) 8 and 9, Annex B points (b) 4 and (d) 2, Annex C points (b) 2, (d) 2 and (g) 2 and Annex D points (b) 2 and (d) 2. shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus]. period of five years from ...[date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 456 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 5
Annex I – part VII – point 57 – paragraph 4 – point 5
Regulation (EC) No 1165/98
Article 18 a – paragraph 3
Article 18 a – paragraph 3
3. The delegation of power referred to in Article 3(3), the second subparagraph of point (d) of the first subparagraph of Article 4(2), Article 10(5), Annex A points (a), (b) 3, (c) 2, (c) 10, (d) 2, (f) 8 and 9, Annex B points (b) 4 and (d) 2, Annex C points (b) 2, (d) 2 and (g) 2 and Annex D points (b) 2 and (d) 2 may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 457 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 5
Annex I – part VII – point 57 – paragraph 4 – point 5
Regulation (EC) No 1165/98
Article 18 a – paragraph 6
Article 18 a – paragraph 6
A delegated act adopted pursuant to Article 3(3), the second subparagraph of point (d) of the first subparagraph of Article 4(2), Article 10(5), Annex A points (a), (b) 3, (c) 2, (c) 10, (d) 2, (f) 8 and 9, Annex B points (b) 4 and (d) 2, Annex C points (b) 2, (d) 2 and (g) 2 and Annex D points (b) 2 and (d) 2 shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 458 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 6 – point ii
Annex I – part VII – point 57 – paragraph 4 – point 6 – point ii
Regulation (EC) No 1165/98
Annex A – point b – point 3
Annex A – point b – point 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use ofto supplement this Regulation by providing for the possibility to use other observation units.;
Amendment 459 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 6 – point iii
Annex I – part VII – point 57 – paragraph 4 – point 6 – point iii
Regulation (EC) No 1165/98
Annex A – point c – point 2
Annex A – point c – point 2
2. The information on output prices for non-domestic markets (No 312) and import prices (No 340) may be compiled using unit values for products originating from foreign trade or other sources only if there is no significant deterioration in quality compared to specific price information. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerto supplement this Regulation by determining the conditions for assuring the necessary data quality.;
Amendment 462 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 6 – point viii
Annex I – part VII – point 57 – paragraph 4 – point 6 – point viii
Regulation (EC) No 1165/98
Annex A – point f – point 9
Annex A – point f – point 9
9. The variables on the non-domestic markets (Nos 122 and 312) are to be transmitted according to the distinction into euro-zonearea and non-euro- zonearea. The distinction is to be applied to the total industry defined as NACE Rev. 2 Sections B to E, the MIGs, the Section (1 letter) and Division 2-digit level of NACE Rev. 2. The information on NACE Rev. 2 D and E is not required for variable 122. In addition, the import price variable (No 340) is to be transmitted according to the distinction into euro-zonearea and non-euro- zonearea. The distinction is to be applied to the total industry defined as CPA Sections B to E, the MIGs, the Section (1 letter) and Division 2-digit level of CPA. For the distinction into the euro-zonearea and non- euro-zonearea, the Commission is empowered to adopt delegated acts in accordance with Article 18a concerning theto supplement this Regulation by determination ofing the terms for applying European sample schemes as defined in point (d) of the first subparagraph of Article 4(2). The European sample scheme may limit the scope of the import price variable to the import of products from non-euro-zonearea countries. The distinction into the euro- zonearea and non- euro-zonearea for the variables 122, 312 and 340 does not need to be transmitted by those Member States that have not adopted the euro as their currency.;
Amendment 463 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 7 – point i
Annex I – part VII – point 57 – paragraph 4 – point 7 – point i
Regulation (EC) No 1165/98
Annex B – point b – point 4
Annex B – point b – point 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use ofto supplement this Regulation by providing for the possibility to use other observation units.;
Amendment 465 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 8 – point i
Annex I – part VII – point 57 – paragraph 4 – point 8 – point i
Regulation (EC) No 1165/98
Annex C – point b – point 2
Annex C – point b – point 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use of other observation units.; (The numberto supplement this Regulation by providing ofor the Commission proposal should be corrected. Point (9) is actually point (8))possibility to use other observation units. Or. en
Amendment 466 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 8 – point iii
Annex I – part VII – point 57 – paragraph 4 – point 8 – point iii
Regulation (EC) No 1165/98
Annex C – point c – point 4
Annex C – point c – point 4
(iii) in point (c) 4. , the last third subparagraph is deleted; (The numbering of the Commission proposal should be corrected. Point (9) is actually point (8))Or. en
Amendment 468 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 8 – point v
Annex I – part VII – point 57 – paragraph 4 – point 8 – point v
Regulation (EC) No 1165/98
Annex C – point g – point 2
Annex C – point g – point 2
2. The variables shall be transmitted for turnover (No 120) and the deflator of sales/volume of sales (No 330/123) within one month for the level of detail specified in paragraph 3 under heading (f) of this Annex. Member States may choose to participate for the turnover and deflator of sales/ volume of sales variables No 120 and 330/123 with contributions according to the allocation of a European sample scheme as defined in point (d) of the first subparagraph of Article 4(2). The Commission is empowered to adopt delegated acts in accordance with Article 18a concerto supplement this Regulation by determining the terms of the allocation of a European sample scheme.; (The numbering of the Commission proposal should be corrected. Point (9) is actually point (8)) Or. en
Amendment 469 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 9 – point i
Annex I – part VII – point 57 – paragraph 4 – point 9 – point i
Regulation (EC) No 1165/98
Annex D – point b – point 2
Annex D – point b – point 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the use of other observation units.; (The numberto supplement this Regulation by providing ofor the Commission proposal should be corrected. Point (10) is actually point (9))possibility to use other observation units. Or. en
Amendment 470 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 57 – paragraph 4 – point 9 – point iv
Annex I – part VII – point 57 – paragraph 4 – point 9 – point iv
Regulation (EC) No 1165/98
Annex D – point d – point 2
Annex D – point d – point 2
2. The turnover variable (No 120) is also to be transmitted in working-day adjusted form. Wherever other variables show working-day effects, Member States may also transmit those variables in working-day adjusted form. The Commission is empowered to adopt delegated acts in accordance with Article 18a concerning the amendment of the list of variables to be transmitted in working- day adjusted form may be amended by the Commission.; (The numbering of the Commission proposal should be corrected. Point (10) is actually point (9)). Or. en
Amendment 472 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 1
Annex I – part VII – point 58 – paragraph 1
In order to adapt Regulation (EC) No 530/1999 with a view to taking account of economic and technical changes, the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to supplement that Regulation with the definition and breakdown of the information to be provided and the criteria for quality evaluation criteriaof the statistics. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
Amendment 473 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 1
Annex I – part VII – point 58 – paragraph 3 – point 1
Regulation (EC) No 530/1999
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 10a concernto supplement this Regulation by specifying the definition and breakdown of the information to be provided under paragraphs 1 and 2 of this Article. These delegated acts shall be adopted for each reference period at least nine months before the beginning of the reference period.;
Amendment 474 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 3
Annex I – part VII – point 58 – paragraph 3 – point 3
Regulation (EC) No 530/1999
Article 10 – paragraph 3
Article 10 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 10a concerning theto supplement this Regulation by specifying the criteria for quality evaluation criteriaof the statistics. Those delegated acts shall be adopted for each reference period at least nine months before the beginning of the reference period.;
Amendment 475 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 4
Annex I – part VII – point 58 – paragraph 3 – point 4
Regulation (EC) No 530/1999
Article 10a – paragraph 2
Article 10a – paragraph 2
2. The power to adopt delegated acts referred to in Article 6(3) and Article 10(3) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 476 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 58 – paragraph 3 – point 4
Annex I – part VII – point 58 – paragraph 3 – point 4
Regulation (EC) No 530/1999
Article 10a – paragraph 6
Article 10a – paragraph 6
6. A delegated act adopted pursuant to Article 6(3) and Article 10(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 477 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 1 – indent 3 a (new)
Annex I – part VII – point 61 – paragraph 1 – indent 3 a (new)
– supplement that Regulation by adopting measures regarding the provision of the data pursuant to the results of the feasibility studies.
Amendment 478 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 3
Annex I – part VII – point 61 – paragraph 3
In order to ensure uniform conditions for the implementation of Regulation (EC) No 450/2003 concerning the content ofstructure and detailed arrangements for the quality report, implementing powers should be conferred on the Commission. Those powers should be exercised in accordance with Regulation (EU) No 182/2011.
Amendment 479 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 1
Annex I – part VII – point 61 – paragraph 4 – point 1
Regulation (EC) No 450/2003
Article 2 – paragraph 4
Article 2 – paragraph 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning amendments of the Annex to redefine the technical specification of the index and revise the weighting structure.;
Amendment 480 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 2
Annex I – part VII – point 61 – paragraph 4 – point 2
Regulation (EC) No 450/2003
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning the amendments for the inclusion of economic activities defined by NACE Rev.2 sections O to S in the scope of this Regulation, taking into account the feasibility studies definedprovided for in Article 10.;
Amendment 481 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 3
Annex I – part VII – point 61 – paragraph 4 – point 3
Regulation (EC) No 450/2003
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
Taking account of contributions to total employment and to labour costs at Union and national levels, the Commission is empowered to adopt delegated acts in accordance with Article 11a concerning the identification of theto supplement this Regulation as regards the breakdown by economic activities defined by NACE Rev. 2 sections and by further disaggregations, not beyond the level of NACE Rev. 2 divisions (2-digit level) or groupings of divisions in which the data shall be broken down taking account of economic and social developments.
Amendment 482 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 3
Annex I – part VII – point 61 – paragraph 4 – point 3
Regulation (EC) No 450/2003
Article 4 – paragraph 2 – subparagraph 2
Article 4 – paragraph 2 – subparagraph 2
The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning theto supplement this Regulation by determination ofing these economic activities, taking into account the feasibility studies definedprovided for in Article 10.
Amendment 483 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 3
Annex I – part VII – point 61 – paragraph 4 – point 3
Regulation (EC) No 450/2003
Article 4 – paragraph 3
Article 4 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning theto supplement this Regulation by establishment ofing the methodology for chaining the index.;
Amendment 484 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 4
Annex I – part VII – point 61 – paragraph 4 – point 4
Regulation (EC) No 450/2003
Article 8 – paragraph 1
Article 8 – paragraph 1
1. The Commission is empowered to adopt delegated acts in accordance with Article 11a concerning the definition ofto supplement this Regulation by defining separate quality criteria. The current data and back data transmitted shall satisfy these quality criteria.
Amendment 485 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 4
Annex I – part VII – point 61 – paragraph 4 – point 4
Regulation (EC) No 450/2003
Article 8 – paragraph 2
Article 8 – paragraph 2
2. The Member States shall provide annual quality reports to the Commission, beginning in 2003. The content ofstructure and detailed arrangements for the reports shall be defined by the Commission by means of implementing act. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 12(2).;
Amendment 486 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 4 a (new)
Annex I – part VII – point 61 – paragraph 4 – point 4 a (new)
Regulation (EC) No 450/2003
Article 9
Article 9
(4a) Article 9 is deleted.
Amendment 487 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 5 – point a
Annex I – part VII – point 61 – paragraph 4 – point 5 – point a
Regulation (EC) No 450/2003
Article 10 – paragraph 5
Article 10 – paragraph 5
5. The Commission shall adopt measures pursuant to the results of the feasibility studies by means of implementing act. Those implementing acts shall be adopted in accordance with the procedureis empowered to adopt delegated acts in accordance with Article 11a to supplement this Regulation concerning the provision of the data referred to in paragraph 2 of this Article pursuant to the results of the feasibility studies referred to in this Article 12(2). Those measuredelegated acts shall respect the principle of cost-effectiveness, as defined in Article 2 of Regulation (EC) No 223/2009, including the minimisation of the burden on respondents.;
Amendment 488 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 7 Regulation (EC) No 450/2003
Annex I – part VII – point 61 – paragraph 4 – point 7 Regulation (EC) No 450/2003
2. The power to adopt delegated acts referred to in Article 2(4), Article 3(2) and Article 4 shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this omnibus], Article 4(1), (2) and (3), Article 8(1) and Article 10(5) shall be conferred on the Commission for a period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 489 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 7
Annex I – part VII – point 61 – paragraph 4 – point 7
Regulation (EC) No 450/2003
Article 11 a – paragraph 3
Article 11 a – paragraph 3
3. The delegation of power referred to in Article 2(4), Article 3(2) and Article 4, Article 4(1), (2) and (3), Article 8(1) and Article 10(5) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 490 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 61 – paragraph 4 – point 7
Annex I – part VII – point 61 – paragraph 4 – point 7
Regulation (EC) No 450/2003
Article 11 a – paragraph 6
Article 11 a – paragraph 6
6. A delegated act adopted pursuant to Article 2(4), Article 3(2) and Article 4, Article 4(1), (2) and (3), Article 8(1) and Article 10(5) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 491 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 1 – indent 2
Annex I – part VII – point 63 – paragraph 1 – indent 2
– amend that Regulation to adapjust the proportion of the Union total;
Amendment 492 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 1 – point a
Annex I – part VII – point 63 – paragraph 3 – point 1 – point a
Regulation (EC) No 1161/2005
Article 2 – paragraph 2
Article 2 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 7a concernto supplement this Regulation by specifying the timetable for the transmission of items P.1, P.2, D.42, D.43, D.44, D.45, and B.4G, and any decision toby requireing a breakdown of the transactions listed in the Annex by counterpart sector. Any such decisionlegated act shall only be adopted after the Commission has reported to the European Parliament and the Council on the implementation of this Regulation pursuant to Article 9.;
Amendment 493 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 1 – point b a (new)
Annex I – part VII – point 63 – paragraph 3 – point 1 – point b a (new)
Regulation (EC) No 1161/2005
Article 2 – paragraph 5
Article 2 – paragraph 5
(ba) paragraph 5 is deleted;
Amendment 494 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 2
Annex I – part VII – point 63 – paragraph 3 – point 2
Regulation (EC) No 1161/2005
Article 3 – paragraph 3
Article 3 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 7a amending paragraph 1 of this Article as regardsto adjust the proportion (1%) of the Union total." ;
Amendment 495 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 3
Annex I – part VII – point 63 – paragraph 3 – point 3
Regulation (EC) No 1161/2005
Article 6 – paragraph 1 – subparagraph 1
Article 6 – paragraph 1 – subparagraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 7a concerning the adoption ofto supplement this Regulation by establishing common quality standards.
Amendment 496 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 4
Annex I – part VII – point 63 – paragraph 3 – point 4
Regulation (EC) No 1161/2005
Article 7 a – paragraph 2
Article 7 a – paragraph 2
2. The power to adopt delegated acts referred to in Article 2(2) and (4), Article 3(3) and Article 6(1) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus]. period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 497 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 63 – paragraph 3 – point 4
Annex I – part VII – point 63 – paragraph 3 – point 4
Regulation (EC) No 1161/2005
Article 7 a – paragraph 6
Article 7 a – paragraph 6
A delegated act adopted pursuant to Article 2(2) and (4), Article 3(3) and Article 6(1) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 503 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 65 – paragraph 2 – point 1
Annex I – part VII – point 65 – paragraph 2 – point 1
Regulation (EC) No 1893/2006
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 6a amending the Annex I to take account of technological or economic developments or to align it with other economic and social classifications.;
Amendment 504 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 65 – paragraph 2 – point 2
Annex I – part VII – point 65 – paragraph 2 – point 2
Regulation (EC) No 1893/2006
Article 6a – paragraph 2
Article 6a – paragraph 2
2. The power to adopt delegated acts referred to in Article 6(2) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 505 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 65 – paragraph 2 – point 2
Annex I – part VII – point 65 – paragraph 2 – point 2
6. A delegated act adopted pursuant to Article 6(2) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 507 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 1
Annex I – part VII – point 67 – paragraph 1
In order to adapt Regulation (EC) No 716/2007 to economic and technical developments the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to amend the definitions in Annexes I and II and the level of detail in Annex III and to supplement that Regulation with measures concerning inward and outward statistics on foreign affiliates and common quality standards.
Amendment 508 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 2
Annex I – part VII – point 67 – paragraph 4 – point 2
Regulation (EC) No 716/2007
Article 5 – paragraph 4 – subparagraph 1
Article 5 – paragraph 4 – subparagraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 9a concerto supplement this Regulation by determining the necessary measures for inward and outward statistics on foreign affiliates, on the basis of the conclusions of the pilot studies.
Amendment 509 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 3
Annex I – part VII – point 67 – paragraph 4 – point 3
Regulation (EC) No 716/2007
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 9a concerning common quality standards.;to supplement this Regulation by establishing the common quality standards referred to in paragraph 1.
Amendment 510 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 4 – point a – point ii
Annex I – part VII – point 67 – paragraph 4 – point 4 – point a – point ii
Regulation (EC) No 716/2007
Article 9 – paragraph 1 – point c
Article 9 – paragraph 1 – point c
(c) defining the contstructure, detailed arrangements and periodicity of the quality reports referred to in Article 6(2).;
Amendment 511 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 5
Annex I – part VII – point 67 – paragraph 4 – point 5
Regulation (EC) No 716/2007
Article 9a – paragraph 2
Article 9a – paragraph 2
2. The power to adopt delegated acts referred to in the second paragraph of Article 2, Article 5(4) and Article 6(3) shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus] period of five years from ...[date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 512 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 5
Annex I – part VII – point 67 – paragraph 4 – point 5
Regulation (EC) No 716/2007
Article 9 a – paragraph 3
Article 9 a – paragraph 3
3. The delegation of power referred to in the second paragraph of Article 2, Article 5(4) and Article 6(3) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 513 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 67 – paragraph 4 – point 5
Annex I – part VII – point 67 – paragraph 4 – point 5
Regulation (EC) No 716/2007
Article 9 a – paragraph 6
Article 9 a – paragraph 6
A delegated act adopted pursuant to the second paragraph of Article 2, Article 5(4) and Article 6(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 515 #
2016/0400(COD)
The Commission is empowered to adopt delegated acts in accordance with Article 10a amending the definitions set out in the first paragraph and amending the list of basic headings in Annex II to take account of economic and technical changes, insofar as this does not involve a disproportionate increase in costs for the Member States.;
Amendment 516 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 2 – point a
Annex I – part VII – point 69 – paragraph 3 – point 2 – point a
Regulation (EC) No 1445/2007
Article 7 – paragraph 4
Article 7 – paragraph 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 10a concernto supplement this Regulation by establishing common criteria on which the quality control referred to in paragraph 1 is based.;
Amendment 517 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 2 – point b
Annex I – part VII – point 69 – paragraph 3 – point 2 – point b
Regulation (EC) No 1445/2007
Article 7 – paragraph 5
Article 7 – paragraph 5
5. The Commission shall adopset out the structure of the quality reports, asand detailed arrangements for the quality reports, as referred to in paragraph 3 and specified in point 5.3 of Annex I, by means of implementing acts. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 11 (2).;
Amendment 518 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 3
Annex I – part VII – point 69 – paragraph 3 – point 3
Regulation (EC) No 1445/2007
Article 10 a – paragraph 2
Article 10 a – paragraph 2
2. The power to adopt delegated acts referred to in the second paragraph of Article 3 and Article 7(4) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus]. period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 519 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 3
Annex I – part VII – point 69 – paragraph 3 – point 3
Regulation (EC) No 1445/2007
Article 10 a – paragraph 3
Article 10 a – paragraph 3
3. The delegation of power referred to in the second paragraph of Article 3 and Article 7(4) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
Amendment 520 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 69 – paragraph 3 – point 3
Annex I – part VII – point 69 – paragraph 3 – point 3
Regulation (EC) No 1445/2007
Article 10 a – paragraph 6
Article 10 a – paragraph 6
A delegated act adopted pursuant to the second paragraph of Article 3 and Article 7(4) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 521 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 1
Annex I – part VII – point 70 – paragraph 1
In order to adapt Regulation (EC) No 177/2008 to economic and technical developments, the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to amend the list of register characteristics, their definition and their continuity rules in the Annex to that Regulation and to supplement that Regulation with common quality standards for the quality of business registers and rules for updating registers and by determining the extent to which certain enterprises and enterprise groups are to be included in the registers, specifying units consistent with those for agricultural statistics. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
Amendment 522 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 1
Annex I – part VII – point 70 – paragraph 3 – point 1
Regulation (EC) No 177/2008
Article 3 – paragraph 6
Article 3 – paragraph 6
6. The Commission is empowered to adopt delegated acts in accordance with Article 15a to supplement this Regulation by determining the extent to which enterprises with less than half a person employed and all resident enterprise groups of no statistical importance to the Member States are to be included in the registers, and the definition of units consistent with those for agricultural statistics.;
Amendment 523 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 3
Annex I – part VII – point 70 – paragraph 3 – point 3
Regulation (EC) No 177/2008
Article 6 – paragraph 3 – subparagraph 1
Article 6 – paragraph 3 – subparagraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 15a concerning common quality standardsto supplement this Regulation by establishing common standards for the quality of business registers as referred to in paragraph 1.
Amendment 524 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 3
Annex I – part VII – point 70 – paragraph 3 – point 3
The Commission shall adopt decisions concerning the contstructure, detailed arrangements and periodicity of the quality reports referred to in paragraph 2 by means of implementing acts. Those implementing acts shall be adopted in accordance with the procedure referred to in Article 16(2).
Amendment 525 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 4
Annex I – part VII – point 70 – paragraph 3 – point 4
Regulation (EC) No 177/2008
Article 8 – paragraph 3
Article 8 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 15a concernto supplement this Regulation by establishing the rules for updating registers.;
Amendment 526 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 6
Annex I – part VII – point 70 – paragraph 3 – point 6
Regulation (EC) No 177/2008
Article 15 a – paragraph 2
Article 15 a – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(6), Article 5(2), Article 6(3) and Article 8(3) shall be conferred on the Commission for an indeterminate period of time [from the entry into force of the Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 527 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 70 – paragraph 3 – point 6
Annex I – part VII – point 70 – paragraph 3 – point 6
Regulation (EC) No 177/2008
Article 15 a – paragraph 6
Article 15 a – paragraph 6
6. A delegated act adopted pursuant to Article 3(6), Article 5(2), Article 6(3) and Article 8(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 528 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 1
Annex I – part VII – point 71 – paragraph 3 – point 1
Regulation (EC) No 295/2008
Article 3 – paragraph 4 – subparagraph 1 – sentences 1 and 2
Article 3 – paragraph 4 – subparagraph 1 – sentences 1 and 2
The use of the flexible module referred to in point (j) of paragraph 2 shall be planned in close cooperation with Member States. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing itsthe scope, of the flexible module, its list of characteristics, reference period, activities to be covered and quality requirements. The delegated act shall be adopted at least 12 months before the beginning of the reference period.
Amendment 529 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 2
Annex I – part VII – point 71 – paragraph 3 – point 2
Regulation (EC) No 295/2008
Article 4 – paragraph 4
Article 4 – paragraph 4
4. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerto supplement this Regulation by defining the measures necessary on the basis of the evaluation of the pilot studies.;
Amendment 530 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 3
Annex I – part VII – point 71 – paragraph 3 – point 3
Regulation (EC) No 295/2008
Article 7 – paragraph 2
Article 7 – paragraph 2
2. In order thatFor the purposes of compiling Union aggregates may be compiled, Member States shall produce component national results according to the levels of NACE Rev. 2 laid down in the Annexes to this Regulation or in delegated acts. The Commission is empowered to adopt such delegated acts in accordance with Article 11b supplementing this Regulation by determining the relevant levels of NACE Rev. 2 .;
Amendment 531 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 4 – point a
Annex I – part VII – point 71 – paragraph 3 – point 4 – point a
Regulation (EC) No 295/2008
Article 8 – paragraph 2 – subparagraph 1
Article 8 – paragraph 2 – subparagraph 1
The results shall be transmitted in an appropriate technical format, within a period of time starting from the end of the reference period. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by specifying the reference period for the modules provided for in Article 3(2)(a) to (h) and (j) and this, which period shall be no longer than 18 months. For the module provided for in Article 3(2)(i), the period of time shall be no longer than 30 months or 18 months as laid down in Annex IX, Section 9. In addition, a small number of estimated preliminary results shall be transmitted within a period of time starting from the end of the reference period which shall be laid down in accordance with that procedure. The Commission is empowered to adopt delegated acts in accordance with Article 11b to supplement this Regulation by specifying that period for the modules provided for in Article 3(2)(a) to (g) an, which period shall be no longer than 10 months.
Amendment 532 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 4 – point b
Annex I – part VII – point 71 – paragraph 3 – point 4 – point b
Regulation (EC) No 295/2008
Article 8 – paragraph 3 – subparagraph 2
Article 8 – paragraph 3 – subparagraph 2
The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by review ofing the rules for the CETO flag and grouping the Member States, by 29 April 2013 and every five years thereafter.;
Amendment 534 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 6
Annex I – part VII – point 71 – paragraph 3 – point 6
Regulation (EC) No 295/2008
Article 11 b – paragraph 2
Article 11 b – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(4), Article 4(4), Article 7(2), Article 8(2) and (3), Article 11a, Annex I, Sections 5, 6, 8(1) and (2), Section 6, of Annexes II, III and IV, Annex VI, Section 7, Annex VIII , Sections 3, 4(2) and (3), Annex IX Sections 8(2) and (3) and 10(2), shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 535 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 6
Annex I – part VII – point 71 – paragraph 3 – point 6
Regulation (EC) No 295/2008
Article 11 b – paragraph 6
Article 11 b – paragraph 6
6. A delegated act adopted pursuant to Article 3(4), Article 4(4), Article 7(2), Article 8(2) and (3), Article 11a, Annex I, Sections 5, 6, 8(1) and (2), Section 6, of Annexes II, III and IV, Annex VI, Section 7, Annex VIII , Sections 3, 4(2) and (3), Annex IX Sections 8(2) and (3) and 10(2), shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.”
Amendment 536 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Regulation (EC) No 295/2008
Annex I – section 5 – paragraph 1
Annex I – section 5 – paragraph 1
The first reference year for which statistics are compiled is the calendar year 2008. Data will be compiled according to the breakdown in Section 9. However, the Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the first reference year for which statistics on the activity classes covered by the NACE Rev. 2 groups 64.2, 64.3 and 64.9 and division 66 are to be compiled.
Amendment 537 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Annex I – part VII – point 71 – paragraph 3 – point 8 – point a
Regulation (EC) No 295/2008
Annex I – section 6 – paragraph 1
Annex I – section 6 – paragraph 1
For each of the key characteristics Member States will indicate the degree of precision by reference to a confidence level of 95 %, which the Commission will include in the report provided for in Article 13, taking account of the application in each Member States of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the key characteristics.
Amendment 538 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point i
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point i
Regulation (EC) No 295/2008
Annex I – section 8 – paragraph 1
Annex I – section 8 – paragraph 1
1. The results are to be transmitted within 18 months of the end of the calendar year of the reference period, except for the NACE Rev. 2 activity classes 64.11 and 64.19. For the NACE Rev. 2 activity classes 64.11 and 64.19 the transmission delay is 10 months. The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the transmission delay of the results on the activity classes covered by the NACE Rev. 2 groups 64.2, 64.3 and 64.9 and division 66.;
Amendment 539 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point ii
Annex I – part VII – point 71 – paragraph 3 – point 8 – point b – point ii
Regulation (EC) No 295/2008
Annex I – section 8 – paragraph 2 – subparagraph 2
Annex I – section 8 – paragraph 2 – subparagraph 2
These preliminary results or estimates are to be broken down to NACE Rev. 2, 3- digit level (group). The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning the division 66 of NACE Rev. 2,to supplement this Regulation by establishing the transmission of preliminary results or estimates for division 66 of NACE Rev. 2.;
Amendment 540 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 9
Annex I – part VII – point 71 – paragraph 3 – point 9
Regulation (EC) No 295/2008
Annex II – section 6
Annex II – section 6
For each key characteristic Member States will indicate the degree of precision by reference to a confidence level of 95 % which the Commission will include in the report provided for in Article 13, taking account of the application in each Member State of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by establishing such key characteristics.;
Amendment 541 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 10
Annex I – part VII – point 71 – paragraph 3 – point 10
Regulation (EC) No 295/2008
Annex III – section 6 – paragraph 1
Annex III – section 6 – paragraph 1
For each key characteristic Member States will indicate the degree of precision by reference to a confidence level of 95 % which the Commission will include in the report provided for in Article 13, taking account of the application in each Member State of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by establishing such key characteristics.;
Amendment 542 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 11
Annex I – part VII – point 71 – paragraph 3 – point 11
Regulation (EC) No 295/2008
Annex IV – section 6 – paragraph 1
Annex IV – section 6 – paragraph 1
For each key characteristic Member States will indicate the degree of precision by reference to a confidence level of 95 % which the Commission will include in the report provided for in Article 13, taking account of the application in each Member State of that Article. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto supplement this Regulation by establishing such key characteristics.;
Amendment 543 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 12
Annex I – part VII – point 71 – paragraph 3 – point 12
Regulation (EC) No 295/2008
Annex IV – section 7 – paragraph 1
Annex IV – section 7 – paragraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing the transmission delay of the results that will not be longer than 10 months starting from the end of the reference year.;
Amendment 544 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 13 – point a
Annex I – part VII – point 71 – paragraph 3 – point 13 – point a
Regulation (EC) No 295/2008
Annex VIII – section 3 – paragraph 1 – sentence 5
Annex VIII – section 3 – paragraph 1 – sentence 5
On the basis of this study, the Commission is empowered to adopt delegated acts in accordance with Article 11b concerning theto amend this Regulation by changing of the lower limit of the reference population.;
Amendment 545 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 13 – point b
Annex I – part VII – point 71 – paragraph 3 – point 13 – point b
Regulation (EC) No 295/2008
Annex VIII – section 4 – paragraphs 2 and 3 – table
Annex VIII – section 4 – paragraphs 2 and 3 – table
The Commission is empowered to adopt delegated acts in accordance with Article 11b concerning the determination of product breakdown.; (This amendment concerns the table 'Breakdown of turnover by product type', the sentence into supplement this Regulation by establishing the product breakdown. Or. en the column 'Comment'.)
Amendment 546 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
2. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerningto supplement this Regulation by establishing that some results that shall also be broken down into size classes to the level of detail listed in Section 10, except for NACE Rev. 2 Sections L, M and N, where the breakdown is required only to the group level.
Amendment 547 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Annex I – part VII – point 71 – paragraph 3 – point 14 – point a
Regulation (EC) No 295/2008
Annex IX – section 8 – paragraph 3
Annex IX – section 8 – paragraph 3
3. The Commission is empowered to adopt delegated acts in accordance with Article 11b concerningto supplement this Regulation by establishing that some results that shall also be broken down according to legal form to the level of the detail listed in Section 10, except for NACE Rev. 2 Sections L, M and N, where the breakdown is required only to the group level.;
Amendment 548 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 71 – paragraph 3 – point 14 – point b
Annex I – part VII – point 71 – paragraph 3 – point 14 – point b
Regulation (EC) No 295/2008
Annex IX – section 10 – paragraph 2 – subsection "Special aggregates"
Annex IX – section 10 – paragraph 2 – subsection "Special aggregates"
To enable Union statistics on business demography to be compiled for the Information and Communication Technology sector, the Commission is empowered to adopt delegated acts in accordance with Article 11b concernto supplement this Regulation by establishing a number of special aggregates of the NACE Rev. 2 to be transmitted..
Amendment 549 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 72 – paragraph 2 – point 1
Annex I – part VII – point 72 – paragraph 2 – point 1
Regulation (EC) No 451/2008
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The Commission is empowered to adopt delegated acts in accordance with Article 6a amending the Annex: to take account of technological or economic developments and to align it with other economic and social classifications.
Amendment 550 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 72 – paragraph 2 – point 2
Annex I – part VII – point 72 – paragraph 2 – point 2
Regulation (EC) No 451/2008
Article 6 a – paragraph 2
Article 6 a – paragraph 2
2. The power to adopt delegated acts referred to in Article 6(2) shall be conferred on the Commission for an indeterminate period of time from [date of entry into force of this Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 551 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VII – point 72 – paragraph 2 – point 2
Annex I – part VII – point 72 – paragraph 2 – point 2
6. A delegated act adopted pursuant to Article 6(2) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 578 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
The Commission is empowered to adopt delegated acts in accordance with Article 5a concernto supplement this Regulation by establishing the applicability within the Union of international accounting standards ('adopted international accounting standards').
Amendment 579 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Annex I – part VIII – point 79 – paragraph 2 – point 1 – point a
Regulation (EC) No 1606/2002
Article 3 – paragraph 1 – subparagraph 2
Article 3 – paragraph 1 – subparagraph 2
Amendment 580 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 a (new)
Annex I – part VIII – point 79 – paragraph 2 – point 1 a (new)
Regulation (EC) No 1606/2002
Article 4 – paragraph 1
Article 4 – paragraph 1
(1a) in Article 4, paragraph 1 is replaced by the following: "For each financial year starting on or after 1 January 2005, companies governed by the law of a Member State shall prepare their consolidated accounts in conformity with the international accounting standards adopted in accordance with the procedure laid down in Article 6(2)3(1), if, at their balance sheet date, their securities are admitted to trading on a regulated market of any Member State within the meaningas defined in point (21) of Article 14(13) of Council Directive 93/22/EEC of 10 May 1993 on investment services in the securities field (1). 2014/65/EU." Or. en (http://eur- lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2002:243:0001:0004:en:PDF)
Amendment 581 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 1 b (new)
Annex I – part VIII – point 79 – paragraph 2 – point 1 b (new)
Regulation (EC) No 1606/2002
Article 5
Article 5
(1b) Article 5 is replaced by the following: "Options in respect of annual accounts and of non publicly-traded companies Member States may permit or require: (a) the companies referred to in Article 4 to prepare their annual accounts, (b) companies other than those referred to in Article 4 to prepare their consolidated accounts and/or their annual accounts, in conformity with the international accounting standards adopted in accordance with the procedure laid down in Article 6(2). lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2002:243:0001:0004:en:PDF)Article 3(1)." Or. en (http://eur-
Amendment 582 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5 a – paragraph 2
Article 5 a – paragraph 2
2. The power to adopt delegated acts referred to in Article 3(1) shall be conferred on the Commission for an indeterminate period of time [from the entry into force of this Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 583 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5 a – paragraph 6
Article 5 a – paragraph 6
6. A delegated act adopted pursuant to Article 3(1) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 584 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5 b
Article 5 b
Amendment 585 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5b
Article 5b
Amendment 586 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5 b
Article 5 b
Amendment 587 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 2
Annex I – part VIII – point 79 – paragraph 2 – point 2
Regulation (EC) No 1606/2002
Article 5 b
Article 5 b
Amendment 588 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 3
Annex I – part VIII – point 79 – paragraph 2 – point 3
Regulation (EC) No 1606/2002
Article 6
Article 6
(3) Articles 6 and 7 areis deleted.
Amendment 589 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 79 – paragraph 2 – point 3 a (new)
Annex I – part VIII – point 79 – paragraph 2 – point 3 a (new)
Regulation (EC) No 1606/2002
Article 7
Article 7
(3a) Article 7 is replaced by the following "Reporting and coordination 1. The Commission shall liaiseinform on a 1. regular basis with the Committeethe European Parliament and the Council about the status of active IASB projects and any related documents issued by the IASB in order to coordinate positions and to facilitate discussions concerning the adoption of standards that might result from these projects and documents. 2. The Commission shall duly report 2. to the Committeeto the European Parliament and the Council in a timely manner if it intends not to propose the adoption of a standard. " Or. en (http://eur- lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2002:243:0001:0004:en:PDF)
Amendment 590 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 1
Annex I – part VIII – point 80 – paragraph 1
Amendment 591 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 1 – introductory part
Annex I – part VIII – point 80 – paragraph 2 – point 1 – introductory part
Directive 2009/110/EC
Article 14
Article 14
(1) Article 14 is replaced by the following:deleted.
Amendment 592 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 1
Annex I – part VIII – point 80 – paragraph 2 – point 1
Directive 2009/110/EC
Article 14
Article 14
Amendment 593 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 1
Annex I – part VIII – point 80 – paragraph 2 – point 1
Directive 2009/110/EC
Article 14
Article 14
Amendment 594 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 1
Annex I – part VIII – point 80 – paragraph 2 – point 1
Directive 2009/110/EC
Article 14
Article 14
Amendment 595 #
2016/0400(COD)
Proposal for a regulation
Annex I – part VIII – point 80 – paragraph 2 – point 2
Annex I – part VIII – point 80 – paragraph 2 – point 2
Directive 2009/110/EC
Article 14 a
Article 14 a
Amendment 611 #
2016/0400(COD)
Proposal for a regulation
Annex I – part X – point 101 – paragraph 2 – point 2
Annex I – part X – point 101 – paragraph 2 – point 2
Directive 2008/48/EC
Article 24a – paragraph 2
Article 24a – paragraph 2
2. The power to adopt delegated acts referred to in Article 19(5) shall be conferred on the Commission for an indeterminate period of time from [the entry into force of this Omnibus] period of five years from ... [date of entry into force of this amending Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
Amendment 612 #
2016/0400(COD)
Proposal for a regulation
Annex I – part X – point 101 – paragraph 2 – point 2
Annex I – part X – point 101 – paragraph 2 – point 2
Directive 2008/48/EC
Article 24 a – paragraph 6
Article 24 a – paragraph 6
6. A delegated act adopted pursuant to Article 19(5) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of twohree months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by twohree months at the initiative of the European Parliament or of the Council.
Amendment 51 #
2016/0364(COD)
Proposal for a directive
Recital 6 a (new)
Recital 6 a (new)
(6a) The principle of equal pay for male and female workers for equal work or work of equal value is laid down in art 157 TFEU. This needs to be applied in a consistent way by credit institutions and investment firms. Therefore they should demonstrate a gender neutral remuneration policy.
Amendment 58 #
2016/0364(COD)
Proposal for a directive
Recital 20 a (new)
Recital 20 a (new)
(20a) Directive2009/138/EC of the European Parliament and the Council (Solvency II), harmonizing the rules that apply to insurance and reinsurance undertakings, had introduced modifications aiming to grant financial stability and equity, in pursuit the fundamental objective of stabilizing the markets. However it should be taken into consideration the presence, in the Member States, of insurance undertakings with listed shares in a regulated market, under the control of the competent supervisory Authorities of the Member States, performing insurance activities according to a low risk business model implying a moderate financial leverage exploitation (not higher than 5 times) a low risk-taking attitude in investments and a high percentage of profits represented by the insurance core business ;therefore, such undertakings result to have a more contained risk profile compared to similar institutions with a broad variety of business models, also with financial content. It has been noted that, in the European union, insurances result to be less exposed to systemic risk, also by virtue of a more conservative investment policy and that the effects of the financial and markets crisis, following 2008, which has driven financial institution’s income statement downwards, has not substantially affected insurance undertakings, generally remaining positive, with relatively stable profit margins. Such stability has been reflected by the last years insurance companies stock market performances of listed shares in regulated markets of the European union, that, compared to financial institutions, although in the context of a general recessive trend of the markets after 2008, have reduced significantly the downward trends in shares value. Non control holdings in such insurance undertakings operating according to a low financial risk business model, can therefore be assimilated to other equity/industrial holdings, and consequently to the specific discipline in matter of deduction of items from Core Tier 1capital, provided for by the supervisory Authorities of the Member States with reference to other industrial undertakings.
Amendment 62 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b – introductory part
Article 1 – paragraph 1 – point 1 – point b – introductory part
Directive 2013/36/EU
Article 2 – paragraph 5a and 5b
Article 2 – paragraph 5a and 5b
(b) the following paragraphs 5a and 5b are inserted: 5a is inserted: 5a. The Commission may regularly review whether the list under paragraph5 can be enlarged to other institutions through a delegated act adopted pursuant to Article 148.
Amendment 64 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Directive 2013/36/EU
Article 2 – paragraph 5a
Article 2 – paragraph 5a
Amendment 86 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b
Article 1 – paragraph 1 – point 1 – point b
Directive 2013/36/EU
Article 2 – paragraph 5b
Article 2 – paragraph 5b
Amendment 103 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 2 – point a
Article 1 – paragraph 1 – point 2 – point a
Directive 2013/36/EU
Article 3 – point 64 a (new)
Article 3 – point 64 a (new)
(64a) Gender neutral remuneration policy in a credit institution or investment firm means a remuneration policy based on equal pay for women and men for equal work or work of equal value.
Amendment 171 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 11 a (new)
Article 1 – paragraph 1 – point 11 a (new)
Directive 2013/36/EU
Article 74
Article 74
(11a) Article 74 is amended as follows: "1. Institutions shall have robust governance arrangements, which include a clear organisational structure with well- defined ,transparent and consistent lines of responsibility, effective processes to identify, manage, monitor and report the risks they are or might be exposed to, adequate internal control mechanisms, including sound administration and accounting procedures, and remuneration policies and practices that are consistent with and promote sound and effective risk management. Those remuneration policies and practices shall be gender neutral. .2. The arrangements, processes and mechanisms referred to in paragraph 1 shall be comprehensive and proportionate to the nature, scale and complexity of the risks inherent in the business model and the institution's activities. The technical criteria established in Articles 76 to95 shall be taken into account 3. EBA shall issue guidelines on the 3. arrangements ,processes and mechanisms referred to in paragraph 1, in accordance with paragraph 2. (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013L0036&from=EN)One year after the adoption of this directive, EBA will issue guidelines on gender neutral remuneration policy for credit institutions and investment firms. Two years after the publication of these guidelines and based on the information collected by the national competent authorities, EBA will draft a report about the application of gender neutral remuneration policies by credit institutions and investment firms. " Or. en
Amendment 172 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Directive 2013/36/EU
Article 75 – paragraph 1
Article 75 – paragraph 1
1. Competent authorities shall collect the information disclosed in accordance with the criteria for disclosure established in points (g), (h), (i) and (k) of Article 450(1) of Regulation (EU) No 575/2013 and shall use its well as the information provided by credit institutions and investment firms on the gender pay gap and shall use this information to benchmark remuneration trends and practices. The competent authorities shall provide EBA with that information.
Amendment 208 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 15 – point b a (new)
Article 1 – paragraph 1 – point 15 – point b a (new)
Directive 2013/36/EU
Article 92 – paragraph 2 – point a a (new)
Article 92 – paragraph 2 – point a a (new)
(ba) In paragraph 2, the following point (aa) is inserted: (aa) the remuneration policy is gender neutral: female and male workers will be equally remunerated for equal work or work of equal value.
Amendment 271 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 21 – point a
Article 1 – paragraph 1 – point 21 – point a
Directive 2013/36/EU
Article 104 – paragraph 1 – introductory part
Article 104 – paragraph 1 – introductory part
1. For the purposes of Article 92(2)(b), Article 97, Article 98(4), Article 101(4) and Article 102 and the application of Regulation (EU) No 575/2013, competent authorities shall have at least the following powers:
Amendment 275 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 21 – point a
Article 1 – paragraph 1 – point 21 – point a
Directive 2013/36/EU
Article 104 – paragraph 1 – point g
Article 104 – paragraph 1 – point g
(g) to require institutions to limit variable remuneration as a percentage of net revenues where it is inconsistent with the maintenance of a sound capital base; and, to require credit institutions and investment firms to comply with the guidelines issued by EBA on gender neutral remuneration policies.
Amendment 281 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 22
Article 1 – paragraph 1 – point 22
Directive 2013/36/EU
Article 104a – paragraph 1 – introductory part
Article 104a – paragraph 1 – introductory part
Competent authorities shall impose the additional own funds requirement referred to in Article 104(1)(a) only in those circumstances where, on the basis of the reviews carried out in accordance with Articles 97 and 101, they ascertain any of the following situations for an individual institution:
Amendment 286 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 22
Article 1 – paragraph 1 – point 22
Directive 2013/36/EU
Article 104a – paragraph 1 – point b
Article 104a – paragraph 1 – point b
(b) the institution does not meet the requirements set out in Articles 73 and 74 of this Directive or in Article 393 of Regulation (EU) No 575/2013 and the sole application of other administrative measures is unlikelymay not be enough to sufficiently improve the arrangements, processes, mechanisms and strategies within an appropriate timeframe;
Amendment 298 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 22
Article 1 – paragraph 1 – point 22
Directive 2013/36/EU
Article 104a – paragraph 2 – subparagraph 2
Article 104a – paragraph 2 – subparagraph 2
For the purposes of the first subparagraph, the capital considered adequate shall cover all material risks or elements of such risks that are not subject to a specific own funds requirement. This may includes risks or elements of risks that are explicitly excluded from the own funds requirements set out in Parts Three, Four, Five and Seven of Regulation (EU) No 575/2013.
Amendment 352 #
2016/0364(COD)
Proposal for a directive
Article 1 – paragraph 1 – point 30 a (new)
Article 1 – paragraph 1 – point 30 a (new)
Directive 2013/36/EU
Article 131 – paragraph 5
Article 131 – paragraph 5
(30 a) In Article 131, paragraph 5 is replaced by the following: ‘5. The competent authority or designated authority may require each O- SII, on a consolidated or sub-consolidated or individual basis, as applicable, to maintain: (a) an O-SII buffer of up to 2.5 % of the total risk exposure amount calculated in accordance with, which shall consist of and shall be supplementary to Common Equity Tier 1 capital; in that connection, the criteria for the identification of the O-SII shall be taken into account; combined with (b) an O-SII leverage ratio adjustment which is to be maintained in addition to the leverage ratio pursuant to Article 92(3)1)[d] of Regulation (EU) No 575/2013, taking into account the criteria for the identification of the O-SII. That buffer shall consist of and shall be supplementary to Common Equity Tier 1 capital. and is determined by multiplying the following amounts: (i) the O-SII buffer ratio as referred to in letter (a), which for this purpose shall not exceed 1.85%, and (ii) a factor of 0.35. The own capital required for this purpose shall be determined by multiplying the result of the calculation described in this paragraph with the institution’s total leverage exposure measure in accordance with Article 429(4) of Regulation (EU) No 575/2013.’
Amendment 74 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 4
Article 1 – paragraph 4
Directive 2014/59/EU
Article 2 – paragraph 1 – point 83b
Article 2 – paragraph 1 – point 83b
(83b) 'resolution group' means: (a) a resolution entity and its subsidiaries that are not: (i) resolution entities themselves and that are not subsidiaries of another; (ii) subsidiaries of other resolution entities; or (iii) entities established in a third country that are not included in the resolution group in accordance with the resolution plan and their subsidiaries; (b) credit institutions affiliated to a central body, the central body and any institution under the control of the central body when at least one of those entities is a resolution entity;.
Amendment 109 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 13
Article 1 – paragraph 13
Directive 2014/59/EU
Article 17 – paragraph 3 – subparagraph 2
Article 17 – paragraph 3 – subparagraph 2
Where a substantive impediment to resolvability is due to a situation referred to in Article 141a(2) of Directive 2013/36/EU the institution shall, within two weeks of the date of receipt of a notification made in accordance with paragraph 1, propose to the resolution authority possible measures to ensure that the institution complies with Articles 45f or 45g and the requirement referred to in Article 128(6) of Directive 2013/36/EU. The two week deadline may be extended by the resolution authority, in consultation with the competent authority, taking into account the specific circumstances of the case.
Amendment 120 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 17
Article 1 – paragraph 17
Directive 2014/59/EU
Article 18 – paragraph 3 – subparagraph 2
Article 18 – paragraph 3 – subparagraph 2
Where those impediments are due to a situation referred to in Article 141a(2) of Directive 2013/36/EU, the Union parent undertaking shall, within two weeks of the date of receipt of a notification made in accordance with paragraph 2, propose to the group-level resolution authority possible measures to address or remove those impediments. The two week deadline may be extended by the resolution authority, in consultation with the competent authority, taking into account the specific circumstances of the case.
Amendment 125 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 18
Article 1 – paragraph 18
Directive 2014/59/EU
Article 27 – paragraph 1 – point i
Article 27 – paragraph 1 – point i
Amendment 138 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 19
Article 1 – paragraph 19
Directive 2014/59/EU
Article 29a
Article 29a
Amendment 182 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 22 a (new)
Article 1 – paragraph 22 a (new)
Directive 2014/59/EU
Article 44 – paragraph 2 – subparagraph 1 – point g a (new)
Article 44 – paragraph 2 – subparagraph 1 – point g a (new)
22 a. In Article 44(2), the following point (ga) is added: “(ga) deposits by public authorities.”
Amendment 203 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 1 a (new)
Article 45b – paragraph 1 a (new)
1 a. By way of derogation from paragraph 1, liabilities issued before ... [the date of entry into force of this amending Directive] which do not meet the conditions set out in points (d) and (g) to (o) of Article 72b(2) of Regulation (EU) No 575/2013 may be included in the amount of own funds and eligible liabilities of resolution entities.
Amendment 220 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 3 – subparagraph 1
Article 45b – paragraph 3 – subparagraph 1
Resolution authorities may decide that the requirement referred to in Article 45f is fully or partially met by resolution entities with instruments that meet all conditions referred to in Article 72a of Regulation (EU) No 575/2013 with a view to ensure that the resolution entity can be resolved in a manner suitable to meet the resolution objectives. For each resolution entity the level of required instruments that meet all conditions referred to in Article 72 a of Regulation (EU) No 575/2013 shall not exceed the level of the requirement specified in Article 92a(1) of Regulation (EU) No 575/2013 taking into account the transitional provisions specified in Article 494 of that Regulation.
Amendment 238 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 1 – introductory part
Article 45c – paragraph 1 – introductory part
1. The requirement referred to in Article 45(1) of each entity shall be determined by the resolution authority, after having consultedin cooperation with the competent authority, on the basis of the following criteria:
Amendment 251 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 1 – subparagraph 1 a (new)
Article 45c – paragraph 1 – subparagraph 1 a (new)
The resolution authority shall ensure that the level of the requirement referred to in Article 45(1) is proportionate to the specificities of the business and funding models of the resolution entity, taking into account: (i) the prevalence of deposits in the funding structure; (ii) the lack of experience in issuing debt instruments due to the limited access to cross-border and wholesale capital markets; (iii) the fact that the institution will rely primarily on CET1 and capital instruments to meet the requirement referred to in Article 45(l).
Amendment 263 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – introductory part
Article 45c – paragraph 3 – subparagraph 1 – introductory part
Amendment 274 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
(i) the amount of losses to be absorbed in resolution that corresponds to the requirements referred to in Article 92(1)(a),(b) and (c) of Regulation (EU) No 575/2013 and Article 104a of Directive 2013/36/EU of the resolution entity at sub- consolidated resolution group level,
Amendment 279 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
(ii) a recapitalisation amount that allows the resolution group resulting from resolution to restore compliance with its total capital ratio requirement referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU at consolidated resolution group sub- consolidated levellevel after the implementation of the preferred resolution action;
Amendment 285 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – point b – point i
Article 45c – paragraph 3 – subparagraph 1 – point b – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the resolution entity's leverage ratio requirement referred to in theArticle 92(1)(d) of Regulation (EU) No 575/2013 at consolidated resolution group sub- consolidated level; and
Amendment 288 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – point b – point ii
Article 45c – paragraph 3 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the resolution group resulting from resolution to restore compliance with the leverage ratio requirement referred to in Article 92(1)(d) of Regulation (EU) No 575/2013 at consolidated resolution group sub-consolidated levellevel after the implementation of the preferred resolution action.
Amendment 296 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 3 a (new)
Article 45c – paragraph 3 – subparagraph 3 a (new)
When determining the recapitalisation amounts referred to in the previous subparagraphs, the resolution authority shall: (a) use the values for the relevant total risk exposure amount or leverage ratio exposure amount as adjusted for any changes resulting from resolution actions foreseen in the resolution plan; (b) after consulting the competent authority, adjust downwards the requirement referred to in Article 104a of Directive 2013/36/EU currently applicable to the resolution entity, to determine the requirement that will be applicable to the resolution entity after the implementation of the resolution actions foreseen in the resolution plan.
Amendment 298 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 4
Article 45c – paragraph 3 – subparagraph 4
Amendment 310 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – introductory part
Article 45c – paragraph 4 – subparagraph 1 – introductory part
4. Without prejudice to the last subparagraph, fFor entities that are not themselves resolution entities, the amount referred to in paragraph 2 shall not exceed the greater of any of the following:
Amendment 318 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point a – point i
Article 45c – paragraph 4 – subparagraph 1 – point a – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the requirements referred to in Article 92(1)(a),(b) and (c) of Regulation (EU) No 575/2013 and Article 104a of Directive 2013/36/EU of the entity, and
Amendment 320 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point a – point ii
Article 45c – paragraph 4 – subparagraph 1 – point a – point ii
(ii) a recapitalisation amount that allows the entity to restore compliance with its total capital ratio requirement referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU after the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 59;
Amendment 325 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point b – point i
Article 45c – paragraph 4 – subparagraph 1 – point b – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the entity's leverage ratio requirement referred to in the Article 92(1)(d) of Regulation (EU) No 575/2013, and
Amendment 327 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point b – point ii
Article 45c – paragraph 4 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the entity to restore compliance with its leverage ratio requirement referred to in the Article 92(1)(d) of Regulation (EU) No 575/2013 after the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 59;
Amendment 334 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 3 a (new)
Article 45c – paragraph 4 – subparagraph 3 a (new)
When determining the recapitalisation amounts referred to in the previous subparagraphs, the resolution authority shall: (a) use the values for the relevant total risk exposure amount or leverage ratio exposure amount as adjusted for any changes resulting from actions foreseen in the resolution plan; (b) after consulting the competent authority, adjust downwards the requirement referred to in Article 104a of Directive 2013/36/EU currently applicable to the relevant entity, to determine the requirement that will be applicable to the entity after the implementation of the actions foreseen in the resolution plan.
Amendment 335 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 4
Article 45c – paragraph 4 – subparagraph 4
Amendment 363 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 1
Article 45d – paragraph 1
Amendment 369 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 2
Article 45d – paragraph 2
Amendment 378 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 3 – introductory part
Article 45d – paragraph 3 – introductory part
3. Where more than one G-SII entity belonging to the same EU G-SII are resolution entities, the relevant resolution authorities shall calculate the amourequirement referred to in paragraph 2Article 92a of Regulation (EU) No 575/2013,
Amendment 380 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45d – paragraph 4
Article 45d – paragraph 4
Amendment 389 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 1 – subparagraph 1 – introductory part
Article 45e – paragraph 1 – subparagraph 1 – introductory part
The resolution authority may give guidance to an entity to have own funds and eligible liabilities that fulfil the conditions of Article 45b(1) or 45g(3) in excess of the levels set out in Article 45c and Article 45d that provides for additional amounts for the following purposes:
Amendment 393 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 1 – subparagraph 1 – point b
Article 45e – paragraph 1 – subparagraph 1 – point b
(b) to ensure that, in the event of resolutionfollowing resolution or the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 59, a sufficient market confidence in the entity is sustained through capital instruments in addition to the requirement in point (b) of Article 45c(2) ('market confidence buffer').
Amendment 396 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 1
Article 45e – paragraph 2 – subparagraph 1
The amount of the guidance given in accordance with point (a) of paragraph 1 may be set only where the competent authority has already set its own guidance in accordance with Article 104b of Directive 2013/36/EU and the resolution authority determines that the requirement referred to in point (a) of Article 45c(2) would not be sufficient to absorb all the losses in resolution taking into account the entity’s business model, funding model and risk profile or to reduce or remove an impediment to resolvability or absorb losses on holdings of MREL instruments issued by other entities included in the same resolution group. The amount of the guidance given in accordance with point (a) of paragraph 1 shall not exceed the level of that guidance.
Amendment 399 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 2
Article 45e – paragraph 2 – subparagraph 2
The amount of the guidance given in accordance with point (b) of paragraph 1 shall not exceed the amount of the combined buffermay be set when the resolution authority determines that the requirement referred to in point (6b) of Article 128 of Directive 2013/36/EU, except for the requirement referred to in point (a) of that provision, unless a higher level is necessary to ensure that, following the event of resolution, the entity continues to meet the conditions for its authorisation for an appropriate period of 45c(2) would not be sufficient to sustain market confidence and ensure both the continued provision of critical economic functions by the entity and the access to funding without recourse to extraordinary financial support other than contributions from resolution financing arrangements. The amount of the guidance given in accordance with point (b) of paragraph 1 shall not exceed the amount of the combined buffer requirement referred to in point (6) of Article 128 of Directimve that is not longer than one year2013/36/EU, except for the requirement referred to in point (a) of that provision.
Amendment 407 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 3
Article 45e – paragraph 3
Amendment 427 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 2 – point d a (new)
Article 45g – paragraph 2 – point d a (new)
(d a) the requirement shall not exceed 75% of the consolidated requirement calculated in accordance with Article 45f.
Amendment 436 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 3 – point a – point iv
Article 45g – paragraph 3 – point a – point iv
(iv) are subject to the power of write down or conversion in accordance with Articles 59 to 62 that is consistent with the resolution strategy of the resolution group, notably by not affecting the control of the subsidiary by the resolution entity and where consent about the conversion and write down has bee given by the home resolution authority.
Amendment 438 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 3 a (new)
Article 45g – paragraph 3 a (new)
3 a. By way of derogation from point (a)(ii) of paragraph 3, liabilities issued before ... [date of entry into force of this amending Directive] which do not meet the conditions set out in points (b)and (g) to (o) of Article 72b(2) of Regulation (EU) No 575/2013 may be included in the amount of own funds and eligible liabilities.
Amendment 453 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 a (new)
Article 45g – paragraph 4 a (new)
4 a. Conditions set in points (c) to (h) of paragraph 4 shall not apply to guarantees qualifying as cross-guarantee schemes as defined in Article 4(127) of Regulation (EU) No 575/2013 which have been established within a group of credit institutions which fulfils the conditions of Article 45g(1).
Amendment 459 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5
Article 45g – paragraph 5
(a) both the subsidiary and the resolution entity are subject to authorisation and supervision by the same Member Statecompetent authority;
Amendment 468 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – point f
Article 45g – paragraph 5 – point f
(f) the resolution entity holds more than 50 % of the voting rights attached to shares in the capital of the subsidiary or has the right to appoint or remove a majority of the members of the management body of the subsidiary, except for credit institutions permanently affiliated to a central body;
Amendment 474 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45 – paragraph 5 – point g
Article 45 – paragraph 5 – point g
Amendment 476 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragrapgh 5 – point g
Article 45g – paragrapgh 5 – point g
(g) the competent authority of the subsidiary has fully waived the application of individual capital requirements to the subsidiary under Article 7(1) or Article 10 of Regulation (EU) No 575/2013.
Amendment 494 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive2014/59/EU
Article 45i – paragraph 2 – subparagraph 1 a (new)
Article 45i – paragraph 2 – subparagraph 1 a (new)
The requirement referred to in the first subparagraph shall not apply to the guidance for the minimum requirement of own funds and eligible liabilities referred to in Article 45e.
Amendment 498 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45i – paragraph 4
Article 45i – paragraph 4
4. Public disclosure requirements shall apply at the date where the requirement referred to in Article 45(1) is fullyFor institutions to which resolution tools or the power to write down and convert relevant capital instruments and eligible liabilities have been applied, public disclosure requirements shall apply after the deadline referred to in point (o) of Article 10(7) to compliedy with for the first timethe requirement referred to in Article 45(1).
Amendment 502 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45k – paragraph 1 a (new)
Article 45k – paragraph 1 a (new)
Any breach of the guidance referred to in Article 45e shall be addressed by the relevant authorities on the basis of at least one of the powers referred to in point (a), (b) and (d) of paragraph 1.
Amendment 507 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 23
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45l a (new)
Article 45l a (new)
Article 45l a Transitional and post-resolution arrangements 1. Resolution authorities, after consulting the competent authorities, shall determine an appropriate transitional period for each institution or entity referred to in points (b), (c) and (d) of Article 1(1) to comply with the MREL requirements in Articles 45f or 45g. The deadline to comply with the requirements in Articles 45f or 45g shall not be earlier than 1 January 2024. 2. When setting the transitional periods, resolution authorities shall take into account, among other relevant circumstances: (i) any relevant characteristics of the institutions, particularly the prevalence of deposits and the absence of debt instruments in the funding model; (ii) the limited access to the capital markets for eligible liabilities; (iii) the reliance on Common Equity Tier 1 to meet the requirement referred to in Article 45f; (iv) the overall conditions of the relevant banking system; (v) any possible impact of the requirements in Articles 45f or 45g on financial stability and any risk of contagion to the financial system.
Amendment 518 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 24
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 1 – introductory part
Article 55 – paragraph 2 – subparagraph 1 – introductory part
The requirement referred to in paragraph 1 mayshall not apply where the resolution authority of a Member State determines all of the following conditions are meteither:
Amendment 523 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 24
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 1 – point a
Article 55 – paragraph 2 – subparagraph 1 – point a
(a) that the liabilities or instruments referred to in the first subparagraph can be subject to write down and conversion powers by the resolution authority of a Member State pursuant to the law of the third country or to a binding agreement concluded with that third country; or
Amendment 528 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 24
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 1 – point c
Article 55 – paragraph 2 – subparagraph 1 – point c
Amendment 532 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 24
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 2
Article 55 – paragraph 2 – subparagraph 2
The liabilities referred to in points (b) and (c) shall not include unsecured bonds or similar debt instruments which are unsecured liabilities, Additional Tier 1 instruments, and Tier 2 instruments. Moreover, they shall be senior to the liabilities which count towards the minimum requirement for own funds and permissible liabilities.
Amendment 535 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 24
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 2 – subparagraph 3
Article 55 – paragraph 2 – subparagraph 3
The liabilities which fail to include the contractual term as required by paragraph 1 or for which, in accordance with points (b) and (c), do not include the contractual term referred to in paragraph 1 is not required, shall not be counted towards the minimum requirement for own funds and eligible liabilities.
Amendment 540 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 24
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 4
Article 55 – paragraph 4
4. Where an institution or entity referred to in point (b), (c) or (d) of Article 1(1) fails todoes not include in the contractual provisions governing a relevant liability a contractual term as required in accordance with paragraph 1, that failure shall not prevent the resolution authority from exercising the write down and conversion powers in relation to that liability.
Amendment 558 #
2016/0362(COD)
Proposal for a directive
Article 1 – paragraph 26
Article 1 – paragraph 26
Directive 2014/59/EU
Article 63 – paragraph 1a
Article 63 – paragraph 1a
1a. The period of the suspension pursuant to paragraph 1(n) shall not exceed the minimum period of time that the resolution authority considers necessary for the effective application of one or more resolution tools or for the purposes of the valuation pursuant to Article 36 and in any event shall not exceed 52 working days.
Amendment 31 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point a
Article 1 – paragraph 1 – point a
Regulation (EU) No 806/2014
Article 3 – paragraph 1 – point 24 b
Article 3 – paragraph 1 – point 24 b
(24b) 'resolution group' means: (a) a group of entities identified by the Board in accordance with Article 8, which consists of resolution entity and its subsidiaries that are not themselves resolution entities and are not subsidiaries of another: (i) resolution entities themselves; (ii) subsidiaries of other resolution entities; or (iii) entities established in a third country that are not included in the resolution group in accordance with the resolution plan and their subsidiaries; (b) credit institutions affiliated to a central body, the central body and any institution under the control of the central body when at least one of those entities is a resolution entity;.
Amendment 41 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 4 – point c
Article 1 – paragraph 4 – point c
Regulation (EU) No 806/2014
Article 10 – paragraph 9 – subparagraph 1 a
Article 10 – paragraph 9 – subparagraph 1 a
Where an impediment to resolvability is due to a a situation referred to in Article 141a(2) of Directive 2013/36/EU, the Union parent undertaking shall propose to the Board possible measures to address or remove the impediment identified in accordance with the first subparagraph within two weeks of the date of receipt of a notification made in accordance with paragraph 7. The two week deadline may be extended by the resolution authority, in consultation with the competent authority, taking into account the specific circumstances of the case.
Amendment 50 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 c – paragraph 1 a (new)
Article 12 c – paragraph 1 a (new)
1a. By way of derogation from paragraph 1, liabilities issued before ... [date of entry into force of this amending Regulation] which do not meet the conditions set out in points (d) and (g) to (o) of Article 72b(2) of Regulation (EU) No 575/2013 may be included in the amount of own funds and eligible liabilities of resolution entities.
Amendment 53 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 c – paragraph 3 – subparagraph 1
Article 12 c – paragraph 3 – subparagraph 1
The Board, on its own initiative after consulting the national resolution authority or upon proposal by a national resolution authority, may decide that the requirement referred to in Article 12g is fully or partially met by resolution entities with instruments that meet all conditions referred to in Article 72a of Regulation (EU) No 575/2013 with a view to ensure that the resolution entity can be resolved in a manner suitable to meet the resolution objectives. For each resolution entity the level of required instruments that meet all conditions referred to in Article 72 a of Regulation (EU) No 575/2013 shall not exceed the level of the requirement specified in Article 92a(1) of that Regulation taking into account the transitional provisions specified in Article 494 of that Regulation.
Amendment 59 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 1 – introductory part
Article 12 d – paragraph 1 – introductory part
1. The requirement referred to in Article 12a(1) of each entity shall be determined by the Board resolution authority, after having consultedin cooperation with the competent authorities, including the ECB, on the basis of the following criteria:
Amendment 66 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 1 – subparagraph 1 a (new)
Article 12 d – paragraph 1 – subparagraph 1 a (new)
The Board shall ensure that the level of the requirement referred to in Article 12a(1) is proportionate to the specificities of the business and funding models of the resolution entity, taking into account: (i) the prevalence of deposits in the funding structure; (ii) the lack of experience in issuing debt instruments due to the limited access to cross-border and wholesale capital markets; (iii) the fact that the institution will rely primarily on CET1 and capital instruments to meet the requirement referred to in Article 12a(1).
Amendment 69 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5 Regulation (EU) No 806/2014
Article 1 – paragraph 5 Regulation (EU) No 806/2014
For each resolution entity the requirement referred to in Article 12a(1) shall not exceed the level of the requirement specified in Article 92a(1) of Regulation (EU) No 575/2013.
Amendment 73 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 1 – introductory part
Article 12 d – paragraph 3 – subparagraph 1 – introductory part
Amendment 77 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 1 – point a – point i
Article 12 d – paragraph 3 – subparagraph 1 – point a – point i
(i) the amount of losses that may need to be absorbed in resolution that corresponds to the requirements referred to in Article 92(1)(a),(b) and (c) of Regulation (EU) No 575/2013 and Article 104a of Directive 2013/36/EU of the resolution entity at sub-consolidated resolution group level,
Amendment 79 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 1 – point a – point ii
Article 12 d – paragraph 3 – subparagraph 1 – point a – point ii
(ii) a recapitalisation amount that allows the resolution group resulting from resolution to restore compliance with its total capital ratio requirement referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU at consolidated resolution group sub- consolidated level in accordance with the resolution actions foreseen in thelevel after the implementation of the preferred resolution plaaction;
Amendment 81 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 1 – point b – point i
Article 12 d – paragraph 3 – subparagraph 1 – point b – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the resolution entity's leverage ratio requirement referred to in Article 92(1)(d) of Regulation (EU) No 575/2013 at consolidated resolution group sub-consolidated level; and
Amendment 82 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 1 – point b – point ii
Article 12 d – paragraph 3 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the resolution group resulting from resolution to restore compliance with the leverage ratio requirement referred to in Article 92(1)(d) of Regulation (EU) No 575/2013 at consolidated resolution group sub-consolidated level in accordance with the resolution actions foreseen in thelevel after the implementation of the preferred resolution plaaction;
Amendment 84 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 4
Article 12 d – paragraph 3 – subparagraph 4
Amendment 86 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 3 – subparagraph 4 a (new)
Article 12 d – paragraph 3 – subparagraph 4 a (new)
Amendment 91 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 1 – introductory part
Article 12 d – paragraph 4 – subparagraph 1 – introductory part
Amendment 93 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 1 – point a – point i
Article 12 d – paragraph 4 – subparagraph 1 – point a – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the requirements referred to in Article 92(1)(a),(b) and (c) of Regulation (EU) No 575/2013 and Article 104a of Directive 2013/36/EU of the entity, and
Amendment 95 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 1 – point a – point ii
Article 12 d – paragraph 4 – subparagraph 1 – point a – point ii
(ii) a recapitalisation amount that allows the entity to restore compliance with its total capital ratio requirement referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU in accordance with the resolution plan; orafter the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 21;
Amendment 96 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 1 – point b – point i
Article 12 d – paragraph 4 – subparagraph 1 – point b – point i
(i) the amount of losses to be absorbed in resolution that corresponds to the entity's leverage ratio requirement referred to in Article 92(1)(d) of Regulation (EU) No 575/2013; and
Amendment 97 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 1 – point b – point ii
Article 12 d – paragraph 4 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the entity to restore compliance with its leverage ratio requirement referred to in Article 92(1)(d) of Regulation (EU) No 575/2013 in accordance with the resolution planafter the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 21;
Amendment 98 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 4
Article 12 d – paragraph 4 – subparagraph 4
Amendment 100 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 4 – subparagraph 4 a (new)
Article 12 d – paragraph 4 – subparagraph 4 a (new)
When determining the recapitalisation amounts referred to in the previous subparagraphs, the Board shall: (a) use the values for the relevant total risk exposure amount or leverage ratio exposure amount as adjusted for any changes resulting from resolution actions foreseen in the resolution plan; (b) after consulting the competent authority, adjust downwards the requirement referred to in Article 104a of Directive 2013/36/EU currently applicable to the resolution entity, to determine the requirement that will be applicable to the resolution entity after the implementation of the resolution actions foreseen in the resolution plan.
Amendment 109 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) N0 806/2014
Article 12 e
Article 12 e
Amendment 120 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 f – paragraph 1 – subparagraph 1 – introductory part
Article 12 f – paragraph 1 – subparagraph 1 – introductory part
The Board may give guidance to an entity to have own funds and eligible liabilities that fulfil the conditions of Article 12c(1) and Article 12h(3) in excess of the levels set out in Article 12d and Article 12e for amounts for the following purposes:
Amendment 122 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 f – paragraph 1 – subparagraph 1 – point b
Article 12 f – paragraph 1 – subparagraph 1 – point b
(b) to ensure that, in the event of resolutionfollowing resolution or the exercise of the power to write down or convert relevant capital instruments and eligible liabilities in accordance with Article 21, a sufficient market confidence in the entity is sustained through capital instruments in addition to the requirement in point (b) of Article 12d(2) ('market confidence buffer').
Amendment 127 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 f – paragraph 2 – subparagraph 1
Article 12 f – paragraph 2 – subparagraph 1
The amount of the guidance given in accordance with point (a) of paragraph 1 may be set only where the competent authority has already set its own guidance in accordance with Article 104b of Directive 2013/36/EU and the Board determines that the requirement referred to in point (a) of Article 12d(2) would not be sufficient to absorb all the losses in resolution taking into account the entity’s business model, funding model and risk profile or to reduce or remove an impediment to resolvability or absorb losses on holdings of MREL instruments issued by other entities included in the same resolution group. The amount of the guidance given in accordance with point (a) of paragraph 1 shall not exceed the level of that guidance.
Amendment 128 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 f – paragraph 2 – subparagraph 2
Article 12 f – paragraph 2 – subparagraph 2
The amount of guidance given in accordance with point (b) of paragraph 1 shall not exceed the amount of the combined buffermay be set when the Board determines that the requirement referred to in point (6b) of Article 128 of Directive 2013/36/EU, except for the requirement referred to in point (a) of that provision unless a higher level is necessary to ensure that, following the event of resolution, the entity continues to md(2) would not be sufficient to sustain market confidence and ensure both the continued provision of critical economic functions by the entity and the access to funding without recourse to extraordinary financial support other than contributions from resolution financing arrangements. The amount of the guidance given in accordance with point (b) of paragraph 1 shall not exceetd the conditions for its authorisation for an appropriate period of amount of the combined buffer requirement referred to in point (6) of Article 128 of Directimve that is not longer than one year2013/36/EU, except for the requirement referred to in point(a) of that provision.
Amendment 133 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 f – paragraph 3
Article 12 f – paragraph 3
Amendment 144 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 h – paragraph 3 a (new)
Article 12 h – paragraph 3 a (new)
3a. By way of derogation from point (a)(ii) of paragraph 3, liabilities issued before ... [date of entry into force of this amending Regulation] which do not meet the conditions set out in points (b) and (g) to (o) of Article 72b(2) of Regulation (EU) No 575/2013 may be included in the amount of own funds and eligible liabilities.
Amendment 161 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 j – paragraph 1 – point d a (new)
Article 12 j – paragraph 1 – point d a (new)
(da) Any breach of the guidance referred to in Article 12f shall be addressed by the relevant authorities on the basis of at least one of the powers referred to in points (a), (b) and (d) of paragraph 1.
Amendment 163 #
2016/0361(COD)
Proposal for a regulation
Article 1 – paragraph 5
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 j a (new)
Article 12 j a (new)
Amendment 42 #
2016/0360B(COD)
Proposal for a regulation
Recital 51
Recital 51
(51) The application of the expected credit loss provisioning introduced by the revised international accounting standards on financial instruments “IFRS9”, may lead to a sudden significant indecrease in the capital ratios of institutions. While discussions are on-going on the appropriate prudential treatment of the impact of increased expected credit losses and to prevent an unwarranted detrimental effect on lending by credit instituFor this reason, appropriate transitional arrangements and a phase-in period of 5 years should be introduced in order to allow institutions to offset the potential significant negative impact on CET1 capital arising from expected credit losses accounting during the transition period determined by the introductions, of the incremental provisioning for credit risk of IFRS9 should be phased innew international accounting standards.
Amendment 96 #
2016/0360B(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) 575/2013
Article 473a – paragraph 2
Article 473a – paragraph 2
2. TInstitutions shall calculate the amount referred to in paragraph 1 shall be calculated asas the greater of the amounts in points (a) and point (b): (a) zero (b) the after-tax amount calculated in accordance with point (i) reduced by the amount calculated in accordance with point (ii): (i) the sum of the twelve -month expected credit losses determined in accordance with paragraph 5.5.5 of the Annex to Commission Regulation (EU) No …. / 2016 (32 )2016/2067 and the amount of the loss allowance for financial instruments equal to the lifetime expected losses determined in accordance with paragraph 5.5.3 of the Annex to that Regulation for financial assets that are not credit- impaired as defined by Appendix A of Commission Regulation (EU) No …. / 2016 (1). _________________ 32 …./2016 of .. …… 2016 adopting certain international accounting standards in accordance with2016/2067; (ii) the total amount of impairment losses on loans and receivables, held to maturity investments and available for sale assets, other than equity instruments and units or shares in collective investment undertakings, determined in accordance with paragraphs 63, 67 and 68 of IAS 39 adopted in the Union by Commission Regulation (EC) No 160126/2002 of the European Parliament and of the Council (OJ L , ……, p. ).8 as at 31 December 2017 or on the day before the first application of IFRS 9, reduced by the total amount of the loss allowances for lifetime expected losses of credit impaired financial assets determined in accordance with paragraph 5.5.3 of the Annex to Regulation (EU) No 2016/2067 as at 1 January 2018 or on the date of the first application of IFRS 9. Commission Regulation (EU) No
Amendment 107 #
2016/0360B(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – Paragraph 3 – point a
Article 473a – Paragraph 3 – point a
(a) 1 in the period from [date of application of this Article] to [ date of application of this Article + 1 year - 1 day]1 January 2018 to 31 December 2018;
Amendment 116 #
2016/0360B(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point b
Article 473a – paragraph 3 – point b
(b) 0,8 in the period from [date of application of this Article + 1 year] to [date of application of this Article + 2 years - 1 day]1 January 2019 to 31 December 2019;
Amendment 128 #
2016/0360B(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 119 Regulation (EU) No 575/2013
Article 1 – paragraph 1 – point 119 Regulation (EU) No 575/2013
(c) 0,6 in the period from [date of application of this Article +2 years] to [date of application of this Article +3 years - 1 day]1 January 2020 to 31 December 2020;
Amendment 142 #
2016/0360B(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point d
Article 473a – paragraph 3 – point d
(d) 0,4 in the period from [date of application of this Article +3 years] to [date of application of this Article +4 years - 1 day]1 January 2021 to 31 December 2021;
Amendment 156 #
2016/0360B(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 119
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point e
Article 473a – paragraph 3 – point e
(e) 0,2 in the period from [date of application of this Article +4 years] to [date of application of this Article +5 years - 1 day].1 January 2022 to 31 December 2022;
Amendment 202 #
2016/0360A(COD)
Proposal for a regulation
Recital 40 – paragraph 2
Recital 40 – paragraph 2
For unmargined derivatives transactions, the future funding risks of which are contingent on some unpredictable events, such as rating triggers requiring to post collateral, and which are best approximated by their market value that would be the amount of funding required should such an event occur, a 10 % required stable funding ('RSF') factor should apply to their gross derivatives liabilities. The 20 % RSF factor seems indeed to be very conservative. For margined derivatives transactions, an option is introduced for institutions using SA-CCR to either apply the 20 % RSF factor as indicated in the Basel standard or to use their potential future exposure ('PFE') as calculated under SA-CCR. Institutions not using SA-CCR have very small dBasel Committee has recently reviewed the 2014 provisions on the treatment of derivative transactions within the NSFR, recognizing that the standard as it stood was inadequate for determining the refinancing requirement, and that the 20% required stable funding (‘RSF’) was too conserivatives portfolios and should be exempted from this requirement. T. The Committee has agreed that, approach is more risk-sensitive and, since it is intended for counterparty credit risk and for the leverage ratio calculationt national discretion, jurisdictions may lower the value of this factor, wit should not constitute an additional burden for institutions to computeh a floor of 5%.
Amendment 233 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point c c (new)
Article 1 – paragraph 1 – point 3 – point c c (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 27 – subparagraph 1 a (new)
Article 4 – paragraph 1 – point 27 – subparagraph 1 a (new)
(cc) in point (27) of paragraph 1, the following subparagraph is added after point (l): "For the purposes of this Regulation, the undertakings referred to in letters d), f) and h) above, shall be qualified as financial sector entity, where one of the following conditions are met: a) the shares of such undertakings are not listed in a EU regulated market; b) such entities do not act according to a low financial risk insurance business model; c) the institution owns more than 15% of the voting rights or capital of that undertaking. Notwithstanding the foregoing, Member States competent authorities retain the power to qualify such entities as financial sector entities if they are not satisfied with the level of risk control and financial analysis procedures specifically adopted by the institution in order to supervise the investment in the undertaking or holding company."
Amendment 234 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point f a (new)
Article 1 – paragraph 1 – point 3 – point f a (new)
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 79
Article 4 – paragraph 1 – point 79
(fa) in paragraph 1, point (79) is replaced by the following: "(79) ‘Speculative immovable property financing' means loans for the purposes of the acquisition of or development or construction on land in relation to immovable property, or of and in relation to such property, where the repayment of the loan solely depends on the future sale of underlying property."
Amendment 292 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 3 – point a a (new)
Article 8 – paragraph 3 – point a a (new)
(aa) the relevant subsidiaries are not individually classified as a G-SII in accordance with Article 131 of Directive 2013/36/EU;
Amendment 293 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 3 – point a b (new)
Article 8 – paragraph 3 – point a b (new)
(ab) the market share of the customer deposit business of the relevant individual subsidiaries does not exceed 8% in their respective Member States;
Amendment 326 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 18
Article 1 – paragraph 1 – point 18
Regulation (EU) No 575/2013
Article 49 – paragraph 1
Article 49 – paragraph 1
(18) In Article 49, paragraph 1 is replaced by the following: "1. For the purposes of calculating own funds on an individual basis, a sub- consolidated basis and a consolidated basis, where the competent authorities require or permit institutions to apply method 1, 2 or 3 of Annex I to Directive 2002/87/EC, the competent authorities may permit institutions shall not to deduct the holdings of own funds instruments of a financial sector entity in which the parent institution, parent financial holding company or parent mixed financial holding company or institution has a significant investment, provided that the conditions laid down in points (a) to (ed) of this paragraph are met:" (a) the financial sector entity is an insurance undertaking, a re-insurance undertaking or an insurance holding company; (b) that insurance undertaking, re-insurance undertaking or insurance holding company: (i) is included in the same supplementary supervision under Directive 2002/87/EC as the parent institution, parent financial holding company or parent mixed financial holding company or institution that has the holding; (c) the institution has received the prior permission of the competent authorities; (d) prior to granting the permission referred to in point (c), and on a continuing basis,or (ii) is consolidated by the institution using the net equity method and the competent authorities are satisfied with the level of risk control and financial analysis procedures specifically adopted by the institution in order to supervise the investment in the undertaking or holding company; (c) the competent authorities are satisfied on a continuing basis that the level of integrated management, risk management and internal control regarding the entities that would be included in the scope of consolidation under method 1, 2 or 3 is adequate; (ed) the holdings in the entity belong to one of the following: (i) the parent credit institution; (ii) the parent financial holding company; (iii) the parent mixed financial holding company; (iv) the institution; (v) a subsidiary of one of the entities referred to in points (i) to (iv) that is included in the scope of consolidation pursuant to Chapter 2 of Title II of Part One. The method chosen shall be applied in a consistent manner over time." (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:02013R0575- Or. en 20180101&qid=1516096790798&from=EN)
Amendment 786 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 r a (new)
Article 428 r a (new)
Article 428ra 2% required stable funding factor The following assets shall be subject to a 2% required stable funding factor: assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market driven transactions as defined in Article 192(2) and (3) with financial customers, where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU)2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation, and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;
Amendment 791 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point b
Article 428 s – point b
Amendment 796 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – points b a and b b (new)
Article 428 s – points b a and b b (new)
(ba) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market driven transactions as defined in Article192(2) and (3) with financial customers, other than those referred to in point (b) of Article 428s. Those assets shall be taken into account on a net basis where Article428e(1) applies; (bb) assets that have a residual maturity of less than six months resulting from transactions with financial customers other than those referred to in point (b) of Article428s and in point (a) of this Article;
Amendment 810 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 u – paragraph 1 – point a
Article 428 u – paragraph 1 – point a
Amendment 825 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 114
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 w – subparagraph 1 a (new)
Article 428 w – subparagraph 1 a (new)
For all netting sets of derivative contracts subject to margin agreements under which institutions post variation margins to their counterparties, institutions shall apply a 5% required stable funding factor to the absolute market value of those netting sets of derivative contracts, gross of any collateral posted, where those netting sets have a negative market value.
Amendment 996 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 118 a (new)
Article 1 – paragraph 1 – point 118 a (new)
Regulation (EU) No 575/2013
Article 471 – paragraph 1
Article 471 – paragraph 1
(118a) In Article 471, paragraph 1 is replaced by the following: "1. By way of derogation from Article 49(1), during the period from 31 January December 20148 to 31 December 20223, competent authorities may permit institutions toshall not deduct equity holdings in insurance undertakings, reinsurance undertakings and insurance holding companies where the following conditions are met:" (a) the conditions laid down in points (a), (c) and (e) of Article 49(1); (b) the competent authorities are satisfied with the level of risk control and financial analysis procedures specifically adopted by the institution in order to supervise the investment in the undertaking or holding company; (c) the equity holdings of the institution in the insurance undertaking, reinsurance undertaking or insurance holding company do not exceed 15 % of the Common Equity Tier 1 instruments issued by that insurance entity as at 31 December 2012 and during the period from 1 January 2013 to 31 December 2022; (d) which is not deducted does not exceed the amount held in the Common Equity Tier 1 instruments in the insurance undertaking, reinsurance undertaking or insurance holding company as at 31 December 2012." (http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32013R0575&from=IT);" the amount of the equity holding Or. en
Amendment 1057 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 127
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 d a (new)
Article 501 d a (new)
Article 501da Support factor for green assets 1. Risk weighted exposure amounts for green exposures, used for a unit that exists or was created to finance, refinance or operate green assets as described in paragraph 2, shall be adjusted in accordance with the factor 0.75. 2. For the purpose of this article, the following shall apply: Green assets are defined in accordance with the definition provided by the Climate Bonds Initiative. For the purpose of implementing the definition referred to in subparagraph 1, the EBA shall prepare draft technical regulatory standards. The EBA shall submit those draft regulatory technical standards to the Commission by... (one year after the entry into force of this Regulation). The Commission is empowered to supplement this Regulation by adopting delegated acts in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010 with the regulatory technical standards specified in subparagraph 3 of this paragraph. 3. Institutions shall report the total amount of green assets, calculated in accordance with paragraph 2, to the relevant authorities every three months. 4. The EBA shall, (three years after entry into force of this regulation), report to the Commission on the impact of the own funds requirement on the financing of, and investment in, green assets. For the purposes of this article, the EBA report to the Commission shall include the following: (a) An analysis of the developments in financing and investments in green assets over the period specified in subparagraph I of this article; (b) An analysis of the effective risk profile of green assets over an entire economic cycle; (c) Any additional points which the EBA regards as important in this report. 5. The Commission shall submit this report to the European Parliament and the Council, accompanied by a legislative proposal if considered necessary. 6. The Green Support Factor cannot be combined with the SME support factor referred to in Article 501, the infrastructure support factor referred to in Article 501a or the support factor for social enterprises referred to in Article 501db
Amendment 1066 #
2016/0360A(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 127
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 d a (new)
Article 501 d a (new)
Amendment 153 #
2016/0276(COD)
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10) Without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact (SGP), contributions by Member States, either by a Member State or by national promotional banks classified in the general government sector or acting on behalf of a Member State, into the EFSI or national, thematic or multi-country investment platforms established for the implementation of the Investment Plan, should in principle qualify as one-off measures, within the meaning of Article 5 of Council Regulation (EC) No 1466/97and Article 3 of Council Regulation (EC) No 1467/97.
Amendment 234 #
2016/0276(COD)
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21 a) To promote the investment goals of this Regulation, blending with existing funds should be systematically enabled in order to provide adequate concessionalities in the financing terms and conditions, including the pricing, of EFSI operations.
Amendment 292 #
2016/0276(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) No 2015/1017
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
(2 a) the following paragraph is added: 'Furthermore, in line with the pricing policies, the Steering Board shall set out guidelines which foresee that: - as a general rule, EFSI shall take a junior position versus other investors, and the pricing of the EFSI operations shall be modulated including blending where necessary to enable projects in order to maximize leverage of funds and to take into account local market conditions; - the pricing policy for equity-type operations taking into account that pricing levels shall remain behind market prices significantly. According to the principle of subsidiarity, a higher pricing can be agreed where the private or public investors plan to bring in sufficient equity risk taking money.';
Amendment 1 #
2016/0034(COD)
Proposal for a regulation
Recital 11a (new)
Recital 11a (new)
(11a) Investment firms often execute, on their own account or on behalf of clients, transactions in derivatives and other financial instruments or assets that comprise a number of interlinked, contingent trades. Such package transactions enable investment firms and their clients to better manage their risks, with the price of each component of the package transaction reflecting the overall risk profile of the package rather than the prevailing market price of each component. Package transactions can take various forms, such as exchange for physicals, trading strategies executed on trading venues, or bespoke package transactions, and it is important to take those specificities into account when calibrating the applicable transparency regime. It is therefore appropriate to specify for the purpose of Regulation (EU) No 600/2014 the specific circumstances in which pre-trade transparency should not apply to package transactions, nor to any individual component of such transactions.
Amendment 2 #
2016/0034(COD)
Proposal for a regulation
Article 1
Article 1
(-1) In Article 1, the following paragraph is inserted: ‘6a. Title II and Title III shall not apply to securities financing transactions as defined in Article 3(11) of Regulation (EU) 2015/2365.’ (-2) In Article 2(1), the following point is inserted: '(28a) ‘securities financing transaction’ or ‘SFT’ means a securities financing transaction as defined in Article 3(11) of Regulation (EU) 2015/2365;'
Amendment 3 #
2016/0034(COD)
Proposal for a regulation
Article 1
Article 1
Amendment 2 #
2016/0033(COD)
Proposal for a directive
Article 1 – point -1 (new)
Article 1 – point -1 (new)
Directive 2014/65/EU
Article 2 – paragraph 1 – point d – point ii
Article 2 – paragraph 1 – point d – point ii
(-1) Point (d)(ii) of Article 2(1) is replaced by the following: ‘are either members of or participants in a regulated market or an MTF, on the one hand, or have direct electronic access to a trading venue, on the other hand, and in either case are engaging in a high- frequency algorithmic trading strategy on such a trading venue;’.
Amendment 67 #
2015/2344(INI)
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Recalls that the European Parliament is the Parliament of the Economic and Monetary Union. Considers that the establishment of a fully-fledged euro area fiscal capacity and its incorporation into the treaties shall require, without prejudice to Article 14(2) TEU and notwithstanding Article 231 TFEU, specific provisions in order to limit the corresponding budgetary prerogatives to Members elected in euro area and participating Member States constituencies.
Amendment 128 #
2015/2344(INI)
Motion for a resolution
Recital J a (new)
Recital J a (new)
Ja. whereas Art. 21 of the Financial Regulation allows for assigned revenues to be used to finance specific items of expenditure;
Amendment 132 #
2015/2344(INI)
Motion for a resolution
Recital J b (new)
Recital J b (new)
Jb. whereas according to art. 311 TFEU the EU budget shall be financed wholly from own resources without prejudice to other revenue;
Amendment 133 #
2015/2344(INI)
Motion for a resolution
Recital J c (new)
Recital J c (new)
Jc. whereas the abovementioned provisions allow euro area Member States to assign a financial contribution or a specific revenue to a specific item of expenditure within the EU budget; whereas euro area Member States can do that both by establishing a new own resource that is to be financed by them, and by classifying their financial contributions as ‘other revenue’;
Amendment 135 #
2015/2344(INI)
Motion for a resolution
Recital J d (new)
Recital J d (new)
Jd. whereas art. 175.3 TFEU allows the Union to adopt, under the ordinary legislative procedure, specific actions outside the existing Structural Funds which are considered necessary to coordinate the Member States’ economic policies, and whereas the ECJ in the case C-166/07 has clarified that nothing prevents those actions to address a specific part of the Union, as the euro area is;
Amendment 138 #
2015/2344(INI)
Motion for a resolution
Recital J e (new)
Recital J e (new)
Je. whereas article 136 TFEU offers a proper legal basis for the adoption of convergence guidelines and, in combination with art. 175.3 of an European Unemployment Benefit Scheme or a Rainy Day fund;
Amendment 293 #
2015/2344(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addressing structural weaknesses at national level, taking into account the aggregate euro area fiscal stance and ensuring, that all Eurozone countries contribute to macroeconomic adjustment towards real convergence, including those who have greater fiscal space to be used to the benefit of the monetary union as a whole, are core elements for the functioning of the euro area; considers that beyond a proper use of the MIP between deficit and surplus countries, a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shocks;
Amendment 379 #
2015/2344(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Calls for the creation of a euro area fiscal capacity within the EU budget and over and above the ceilings of the Multiannual Financial Framework (MMF) to be considered as an assigned revenue according to art. 21 of Regulation 966/2012;
Amendment 382 #
2015/2344(INI)
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18b. Considers that such a fiscal capacity should be open to participation of Member States with a temporary derogation from adopting the euro;
Amendment 383 #
2015/2344(INI)
Motion for a resolution
Paragraph 18 c (new)
Paragraph 18 c (new)
18c. Underlines that such a fiscal capacity can be, as a first step, financed by contributions from participating Member States or specific revenues classified as "other revenues", and in a second step by establishing, in the Own Resources Decision, a new own resource that is to be financed by participating Member States; considers that in a steady state a revision upwards of the own resources ceiling should be agreed in order to be adapted to a multitier budget, and that appropriate provisions to better manage such a multitier budget should be finally incorporated into the Treaties;
Amendment 384 #
2015/2344(INI)
Motion for a resolution
Paragraph 18 d (new)
Paragraph 18 d (new)
18d. Stresses that the fiscal capacity should be financed by additional resources and not by redeployments within the current Union budget and Multiannual Financial Framework;
Amendment 437 #
2015/2344(INI)
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Considers that the fiscal capacity for the euro area should be funded by own resources of the EMU, including revenues from a financial transaction tax, and new financing instruments as Eurobonds;
Amendment 441 #
2015/2344(INI)
Motion for a resolution
Paragraph 21 b (new)
Paragraph 21 b (new)
21b. Stresses that a euro area fiscal capacity should be complemented by a long term strategy for debt sustainability and reduction of eurozone countries, including partial pooling and common management of sovereign debt, which would bring down overall re-financing costs and debt/GDP ratios to give more margin for growth enhancing policies and investment;
Amendment 488 #
2015/2344(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Considers that structural reforms should be ecologically and socially balanced and aim at strengthening growth potential towards a fully sustainable new growth model, promoting fair and sustainable welfare systems and reducing social inequalities;
Amendment 555 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1
Paragraph 26 – indent 3 – paragraph 1
– investment, notably in research and development;, healthcare and education,
Amendment 557 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 1 a (new)
Paragraph 26 – indent 3 – paragraph 1 a (new)
– Social cohesion, including EMU- wide minimum social standards;
Amendment 568 #
2015/2344(INI)
Motion for a resolution
Paragraph 26 – indent 3 – paragraph 2
Paragraph 26 – indent 3 – paragraph 2
This five-year period should in exchange allow for a phasing-in of the new tasks attributed to the ESM/EMFfiscal capacity;
Amendment 616 #
2015/2344(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Notes that the two models for the shock absorption function are featured most prominently in the academic literature: a Rainy Day Fund and a European Unemployment Benefit Scheme; underlines that intermediate solutions can be envisaged between the two models;
Amendment 649 #
2015/2344(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Acknowledges that the model of a European Unemployment Benefit Scheme would foster conPoints out that an Unemployment Benefit Scheme should address short term cyclical unemployment supporting national schemes in case of severe downturns; underlines that such a function would prevent structural divergence ofs in labour markets and foster convergence in the medium term;
Amendment 669 #
2015/2344(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Considers that the EMFfiscal capacity should provide the financial resources for either of these models, which could require increasing the amount of capital; points out that the fund should avoid long-term redistribution effects by ensuring Member States’ contributions are balanced over the cycle;
Amendment 126 #
2015/2221(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Stresses the need to enhance the capacity of banks to lend, in particular to SMEs, including addressing the issue of non-performing loans at European level, notably by facilitating the setting up of asset management companies in those countries where this is deemed to be necessary;
Amendment 172 #
2015/2221(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Stresses the fact that Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms Capital Requirements and Directive 2013/36/EU of the European Parliament and the of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms (collectively referred to as "CRR/CRDIV") have been adopted by the co-legislators before the establishment of the Single Supervisory Mechanism; encourages the Commission to make a proposal for a technical adaptation of CRR/CRDIV in order to align it with the Banking Union framework;
Amendment 204 #
2015/2221(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Considers transparency vis-à-vis market players and the public, including on sensitive topics, to be essential for fair competition in the banking market such as capital targets as a result of the SREP cycle, supervisory practices and other requirements to be essential for fair competition in the banking market and for avoiding that regulatory uncertainty influence negatively banks' business strategy; underlines that transparency of both supervisors and supervised entities is also a prerequisite for accountability, as it allows Parliament and the public to be informed about key policy issues and to assess consistency with rules and supervisory practices;
Amendment 241 #
2015/2221(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Highlights the importance of establishing efficient cooperation between the SRB and the NRAs for the smooth functioning of the SRM; considers the organisational model established by the SSM through theInternal Resolution Teams (IRTs) as an equivalent to the SSM's JSTs to be a good basis for organising cooperation within the SRM;
Amendment 245 #
2015/2221(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Encourages the conclusion of a memorandum of understanding (MoU) on mutual cooperation and data sharing between the SRB and the ECB as single supervisor, in order to increase efficiency and avoid double reporting for banks, while allowing the SRB to have access to the data necessary to fulfil its institutional mandate; underlines the importance of smooth cooperation between the SRM and the NCAs;
Amendment 249 #
2015/2221(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Welcomes the preparation by the SRB of manuals on resolution activities, in line with the relevant EBA standards, which aim to promote a consistent and, effective and proportionate approach to resolution tasks within the SRM;
Amendment 269 #
2015/2221(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Calls on remaining Member States to fully and swiftly implementcomplete the transposition of the Bank Recovery and Resolution Directive (BRRD) and the intergovernmental agreement (IGA) on transfer and mutualisation of contributions to the Single Resolution Fund; regrets the decision to set up the fund through an IGA rather than through Union law; regrets the decision to set up the Single Resolution Fund (SRF) through an IGA rather than through Union law; welcomes the establishment of calculation and collection procedures for ex-ante contributions to the SRF through the SRB;
Amendment 275 #
2015/2221(INI)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35a. Welcomes the ratification by Member States of the Intergovernmental Agreement on the transfer and mutualisation of contributions to a single resolution fund (SRF), which will allow the Single Resolution Mechanism to become fully operational, including the use of the bail-in instrument, as of 1 January 2016, according to the planned schedule;
Amendment 276 #
2015/2221(INI)
Motion for a resolution
Paragraph 35 b (new)
Paragraph 35 b (new)
35b. Recommends, for the successful management of banking crises in the future, to assess carefully the various choices at the disposal of the Board – different resolution tools as alternative to the liquidation of the bank – keeping in mind the importance of safeguarding financial stability and maintaining confidence in the banking system;
Amendment 277 #
2015/2221(INI)
Motion for a resolution
Paragraph 35 c (new)
Paragraph 35 c (new)
35c. Underlines the time mismatch between the rules on burden sharing and on the full bail-in, which have affected retroactively the effective riskiness of the debt instruments issued before the latter legal provisions, and the definition and implementation of appropriate investment protection rules; invites the Commission and the SRB to assess carefully the transition period, including the consideration of appropriate provisions to ensure the necessary proportionality, fairness and flexibility in the application of the new rules;
Amendment 278 #
2015/2221(INI)
Motion for a resolution
Paragraph 35 d (new)
Paragraph 35 d (new)
35d. Believes that, since the Directive 2014/59/EU foresees a hierarchy of eligible liabilities for the bail-in including also subordinated debt instruments, and considering that retail investors may have greater difficulties assessing the risks implied by certain financial instruments, a tightening of the provisions concerning the distribution of such subordinated debt instruments to retail investors according to articles 16 and 24 of Directive 2014/65/EU should be considered in order to require an appropriate portfolio diversification and to reinforce investor protection rules;
Amendment 288 #
2015/2221(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Stresses the need, as a consequence of the existence of the national compartments in the SRF, to rapidly put in place an adequate bridge financing mechanism in order to provide the fund, if necessary, with sufficient resources in the period before its completion; recalls that the Eurogroup and the Ecofin ministers identified, in their statement of 18 December 2013, the possibility of having recourse to both national sources andor to the European Stability Mechanism (ESM), and considers the latter the most effective and credible solution, which could be implemented either through a swift revision of the ESM treaty or through appropriate implementation of the provisions of Article 13 thereof;
Amendment 297 #
2015/2221(INI)
Motion for a resolution
Paragraph 37
Paragraph 37
37. Welcomes, nonetheless, the progress made so far inagreement reached to securinge public bridge financing to help ensure the availability of funds for concrete resolution action through national resources; underlines, however, that the specificities of the arrangements currently being discussed (uncommitted credit lines, in order to bridge financing the raising of ex-post contributions; underlines, however, that certain options provided for the agreed arrangements (prior national approval, staggered payments) may reduce the usefuleffectiveness of public bridge financing;
Amendment 308 #
2015/2221(INI)
Motion for a resolution
Paragraph 38
Paragraph 38
38. Recalls that the credibility of the BU, and in particular of bail-in and single resolution provisions, requires athe establishment of the common backstop in order to be able to support the SRF, if necessary, beyond its capacity of EUR 55 billion, and considers that its setting-up should start swiftlyas soon as possible and be based on the ESM;
Amendment 347 #
2015/2221(INI)
Motion for a resolution
Paragraph 40
Paragraph 40
40. Welcomes the Commission’s's draft proposal announcement regarding the presentation of a legislative proposal for the first steps towards on a European Deposit Insurance Scheme (EDIS) by establishing a reinsurance mechanism at EU level for the national deposit guarantee scheme, which contemplates the gradual introduction of a common deposit guarantee scheme; considers appropriate the legal basis which correctly requires the ordinary legislative procedure and considers that the proposal addresses the need to avoid financial stability problems related to the potential vulnerability of national guarantee schemes to local and relevant shocks, by establishing a reinsurance mechanism at EU level for the national deposit guarantee schemes as well as the need to treat depositors in the same way independently of the location of the bank, thus weakening the link between sovereigns and banks;
Amendment 353 #
2015/2221(INI)
Motion for a resolution
Paragraph 40 a (new)
Paragraph 40 a (new)
40a. Welcomes the intention to realize a progressive degree of risk sharing in parallel with the reduction of risks in the banking system; underlines in this regard the importance of implementation of the single rulebook as well as of the first and the second pillar of the Banking Union in order to achieve a substantial reduction of risks in the European banking system; in particular, stresses that the application of the bail-in tool will introduce a systematic mechanism of risk avoidance, thus reducing the fears of moral hazard which could be induced by the progressive mutualisation of guarantee schemes;
Amendment 125 #
2015/0009(COD)
Proposal for a regulation
Recital 4
Recital 4
(4) Throughout the economic and financial crisis, the Union has made efforts to promote growth, in particular through initiatives set out in the Europe 2020 strategy that put in place an approach for smart, sustainable and inclusive growth. The European Investment Bank ('EIB') has also strengthened its role in instigating and promoting investment within the Union, partly by way of an increase in capital in January 2013. Further action is required to ensure that the investment needs of the Union are addresseds throughout its territory and that the liquidity available on the market is used efficiently and its channelleding towards the funding of viable investment projects is encouraged.
Amendment 153 #
2015/0009(COD)
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) On 13 January 2013, the European Commission adopted a Communication on how to make the best use of the flexibility within existing rules of the Stability and Growth Pact "in order to strengthen the link between investment, structural reform and fiscal responsibility".
Amendment 220 #
2015/0009(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) Many small and medium enterprises, as well as mid-cap companies, across the Union require assistance to attract market financing, especially as regards investments that carry a greater degree of risk. The EFSI should help these businesses to overcome capital shortages, market failures and financial fragmentation resulting in un-level playing field across the Union, by allowing the EIB and the European Investment Fund ('EIF') to provide direct and indirect equity injections, as well as to provide guarantees for high-quality securitisation of loans, and other products that are granted in pursuit of the aims of the EFSI.
Amendment 286 #
2015/0009(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments and finance the riskier tranche of them to ensure additionality over existing operations. The EFSI should aim at financeing projects across the Union, including in the countries most affectwhole of the Union, above all where investment in percentage of GDP has substantially declined, by the financial crisis. The EFSI should only be used where financing is not available from other sources on reasonable termaking into account the criteria of additionality and high risk-profile in its investment policies. The EFSI should only be used where financing is not available from other sources. Market based incentives and the additionality provided by the EFSI should ensure that the EFSI targets socially and economically viable projects without any sectorial or regional pre-allocation and any use of price discrimination among sovereigns in particular to address high investment needs or market failures.
Amendment 315 #
2015/0009(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) The EFSI should target investments that are potentially viable, which means that are expected to be economically and technically viable, which may but cannot find private capital financing without the support of EFSI guarantee. Such investment should entail a degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing. The EFSI should not aim at simply reducing the cost of capital for investments that would find private financing also in absence of EU guarantee.
Amendment 332 #
2015/0009(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) Decisions on the use of the EFSI support for infrastructure and large mid- cap projects should be made by an Investment CommitteeAn Investment Committee should be set up in order to take decisions on the use of the EU guarantee when not channelled through the EIF. The Investment Committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects. The Investment Committee should be accountable to a Steering Board of the EFSI, who should supervise the fulfilment of the EFSI's objectives. To effectively benefit from the experience of the EIF, the EFSI should support funding to the EIF to allow the EIF to undertake individual projects in the areas of small and medium enterprises and small mid-cap companies.
Amendment 382 #
2015/0009(COD)
Proposal for a regulation
Recital 19 a (new)
Recital 19 a (new)
(19a) The EFSI should also have the possibility to support private fund structures such as European Long-Term Investment Funds (ELTIF), set up by private investors and/or national promotional banks, that could also play a role in providing a complementary vehicle for delivering public or private/public investments in the real economy. As provided by the Regulation XX/XXXX, the Commission should prioritize and streamline its processes for all applications by ELTIFs for financing from the EIB. The Commission and the EIB should also explore all types of possible cooperation between EFSI and ELTIF.
Amendment 398 #
2015/0009(COD)
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21a) The lack of investments addressed by the EU investment plan can generate serious disturbances in the economies of the Member States and hence Member States contributions to the plan may help to alleviate such disturbances. According to Article 107(3)(b) of the Treaty on the Functioning of the European Union, aid to remedy a serious disturbance in the economy of a Member State may be considered to be compatible with the internal market.
Amendment 399 #
2015/0009(COD)
Proposal for a regulation
Recital 21 b (new)
Recital 21 b (new)
(21b) Member States contributions to ESFI supported investments may promote important projects of common European interest. According to Article 107(3)(b) of the Treaty on the Functioning of the European Union, aid to promote the execution of an important project of common European interest may be considered to be compatible with the internal market.
Amendment 406 #
2015/0009(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) In accordance with the Treaty on the Functioning of the European Union, Infrastructure and project investments supported under EFSI, when cofinanced by Member States, should be consistent with State aid rules. To that end, the Commission has announced that in accordance with the Treaty on the Functioning of the European Union. To that end, the Commission has announced that within a reasonable time (in any case before the entry into force of the Regulation in the Official Journal) it will formulate a set of core principles, for the purpose of State aid assessments, which a project will have to meet to be eligible for support under the EFSI. If a project, regardless of its economic sector, meets these criteria and receives support from the EFSI, the Commission has announced that any national complementary support, will be assessed under a simplified and accelerated State aid assessment whereby the only additional issue to be verified by the Commission will be the proportionality of public support (absence of overcompensation). The Commission has also announced that it will provide further guidance on the set of core principles with a view to ensuring an efficient use of public funds and the full respect of the principle of legitimate expectation.
Amendment 497 #
2015/0009(COD)
Proposal for a regulation
Recital 31
Recital 31
(31) Within the Union, there areis a significant number of potentially economically and technically viable projects that are not being financed, among other factors, also due to a lack of certainty and transparency with respect to such projects. Often, this is because private investors are not aware of the projects or have insufficient information to make an assessment of the investment risks. The Commission and the EIB, with support from the Member States, should promote the creation of a transparent pipeline of current and future investment projects in the Union suitable for investment. This 'project pipeline' should ensure that information is made publicly available regarding investment projects on a regular and structured basis to ensure that investors have reliable information on which to base their investment decisions.
Amendment 582 #
2015/0009(COD)
Proposal for a regulation
Article 1 – paragraph 1 a (new)
Article 1 – paragraph 1 a (new)
1 a. Article 1a Definitions For the purposes of this Regulation, the following definitions apply: a)´EFSI Agreement´ means the legal instrument whereby the Commission and the EIB specify the conditions laid down in this Regulation for the management of the EFSI; b) ´national promotional banks or institutions´ means legal entities carrying out a financial activity on a professional basis and upon which are conferred a public mandate by a Member State, whether at central, regional or local level, to carry out public development or promotional activities; c) ´investment platforms´ means special purpose vehicles, managed accounts, contract-based co-financing or risk sharing arrangements or arrangements established by any other means by which investors channel a financial contribution in order to finance a number of investment projects and which may include national platforms that regroup several investment projects on the territory of a given Member State, multi- country or regional platforms that regroup several Member States interested in large projects in a given geographic area, or thematic platforms, which could gather investment projects in a given sector; d) 'small and medium-sized enterprises (SMEs)' means micro, small and medium- sized enterprises as defined in Commission Recommendation 2003/361/EC; e) ´mid-cap companies´ means legal entities having up to 3000 employees and that are not SMEs; f) to the purpose of this regulation 'additionality' means the support by the EFSI of operations which address market failures or investment gaps and which could not have been carried out in that period under normal EIB instruments including special operations without EFSI support or to the same extent during that period under EIF and EU instruments. The projects supported by the EFSI, while striving to create jobs and growth, shall typically have a higher risk profile than projects supported by normal EIB operations.
Amendment 755 #
2015/0009(COD)
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The EFSI Agreement shall provide that the EFSI shall be governed by a Steering Board, which shall determine the strategic orientation, the strategic asset allocation, paying particular attention to those countries where the highest investment gaps and financial market failures have emerged, and operating policies and procedures, including the investment policy of projects that EFSI can support and the risk profile of the EFSI, in conformity with the objectives under Article 5(2). The Steering Board shall elect one of its members to be Chairperson, Article 5(2a) and to the effect of ensuring the additionality of the investments supported by the EFSI guarantee. The Steering Board shall also specify the investment policy regarding eligible investment platforms. The Steering Board shall determine the EU guarantee pricing policies having due regard to the need to address investment gaps and financial fragmentation in the EU.
Amendment 768 #
2015/0009(COD)
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. When establishing the investment policy and risk policy for the EFSI support, the Steering Board shall pay particular attention to suboptimal investment situations and to the prevailing business cycle conditions across Europe.
Amendment 896 #
2015/0009(COD)
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
The Union shall provide a guarantee to the EIB for financing or investment operations carried out within then irrevocable and unconditional guarantee for financing or investment operations carried out within the Union, or operations between a Member State and a country falling within the scope of the European Neighbourhood Policy including Strategic Partnership, the Enlargement Policy, and the European Economic Area or the European Free Trade Association, or between a Member State and an Overseas Country or Territory, as set out in Annex II of the Treaty on the Functioning of the European Union, covered by this Regulation and the EFSI agreement ('EU guarantee'). The EU guarantee shall be granted as a guarantee on demand in respect of instruments referred to in Article 6.
Amendment 1099 #
2015/0009(COD)
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
The use of the EU guarantee shall be subject to the prior approval of the Investment Committee. Underlying projects of financing or investment operations by the EIB itself or implemented through a national promotional bank or institution or an investment platform that consist of several underlying projects shall as a rule be submitted to the Investment Committee approval jointly. The EIB may also grant a guarantee, under a counter-guarantee of the Union, for new operations to investment platforms and national promotional banks when they meet the requirements on portfolio selection, legal structure, and financial robustness provided for by this Regulation and the Steering Board.
Amendment 468 #
2014/2248(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Considers that common fiscal and economic policy should become a shared competence between the Union and the Member States;
Amendment 470 #
2014/2248(INI)
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13b. Calls for the amendment of Article 136 TFEU in order to open its scope to voluntary participation by non-euro Member States, providing for full voting rights in line with the enhanced cooperation procedure, and calls for the dropping of the restrictions under Article 136 TFEU and for the upgrading of this article into a general clause for the adoption by codecision of legal acts concerning the coordination and setting of legally-binding minimum standards with regard to economic, employment and social policy;
Amendment 473 #
2014/2248(INI)
Motion for a resolution
Paragraph 13 c (new)
Paragraph 13 c (new)
13c. Considers that art. 119 TFEU should state that the member States and the Union shall conduct their economic policy in accordance with the principle of a social market economy;
Amendment 942 #
2014/2248(INI)
Motion for a resolution
Paragraph 43 a (new)
Paragraph 43 a (new)
43a. Calls for a switch, with limited exceptions, of the voting procedures in the Council which require unanimity to qualified majority, and for the existing special legislative procedures to be converted into ordinary legislative procedures;
Amendment 944 #
2014/2248(INI)
Motion for a resolution
Paragraph 43 b (new)
Paragraph 43 b (new)
43b. Underlines that such limited exceptions referred to in par 43a should not concern tax matters under art. 113 TFEU, art. 192(2)a and art. 194(3) as well as for the deletion of the exclusion clause in art. 114(2) TFEU as far as fiscal provisions are concerned;
Amendment 984 #
2014/2248(INI)
Motion for a resolution
Paragraph 47 a (new)
Paragraph 47 a (new)
47a. Advocates the introduction of the ordinary legislative procedure for the adoption of the broad guidelines of the economic policies of the Member States and of the Union under Article 121(2) TFEU and of the employment guidelines under Article 148(2) TFEU;
Amendment 988 #
2014/2248(INI)
Motion for a resolution
Paragraph 47 b (new)
Paragraph 47 b (new)
47b. Favours inclusion in the decision- making procedures under Article 121(4) TFEU and Article 148(4) TFEU of the right of Parliament to propose amendments to a Commission proposal for a recommendation before its adoption by the Commission, while acknowledging that the multilateral surveillance procedure requires quick decision- making;
Amendment 989 #
2014/2248(INI)
Motion for a resolution
Paragraph 47 c (new)
Paragraph 47 c (new)
47c. Calls for the inclusion of Parliament in the budgetary surveillance procedure under Article 126 TFEU, with the right to amend a Commission proposal for a recommendation which can be rejected by a qualified majority of the Council if the Commission delivers a negative opinion;
Amendment 1005 #
2014/2248(INI)
Motion for a resolution
Paragraph 50 a (new)
Paragraph 50 a (new)
50a. Calls for the introduction of a legal basis in order to establish Union agencies which may carry out specific executive and implementing functions conferred upon them by the European parliament and the Council in accordance with the ordinary legislative procedure;
Amendment 1007 #
2014/2248(INI)
Motion for a resolution
Paragraph 50 b (new)
Paragraph 50 b (new)
50b. Calls on the next Convention to allow for the possibility for the Union to budget for a deficit which shall not exceed reference values to be specified in the Treaties, together with the establishment of proper mechanisms ensuring the avoidance of an excessive deficit at European level;
Amendment 1008 #
2014/2248(INI)
Motion for a resolution
Paragraph 50 c (new)
Paragraph 50 c (new)
50c. Calls for the establishment of a legal base which empowers the Union to raise own taxes as a proper own resource for the benefit of the Union budget;
Amendment 13 #
2014/2010(ACI)
Proposal for a decision
Paragraph 7 – introductory part
Paragraph 7 – introductory part
7. Considers that, when interpreting “inappropriate behaviour”, within the meaning of point (b) of the Code of Conduct annexed to the modified agreement should, in addition to the generally accepted principles, also as outlined in the Code, in particular in its points c), f) or g), this expression include:
Amendment 21 #
2014/0808(CNS)
Draft regulation
Article 1 – point 3a (new)
Article 1 – point 3a (new)
Regulation (EC) No 2533/98
Article 8 – paragraph 4b (new)
Article 8 – paragraph 4b (new)
Amendment 92 #
2014/0346(COD)
Proposal for a regulation
Article 3 – paragraph 5 a (new)
Article 3 – paragraph 5 a (new)
5a. The breakdown of the OOH index and of the HPI provided by the Member States in the euro area shall be adopted by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 11(2).
Amendment 13 #
2013/2185(INI)
Motion for a resolution
Recital B
Recital B
B. whereas under the principle of sincere cooperation the Union and national institutionMember States assist each other, in full mutual respect, in carrying out tasks which flow from the Treaties and whereas the latter institutions facilitate the achievement of the Union's tasks and refrain from any measures that could jeopardise the attainment of the Union's objectives;
Amendment 16 #
2013/2185(INI)
Motion for a resolution
Recital C
Recital C
C. whereas Article 12 of the TEU, covering the activities of national parliaments, fleshes out the principle of sincere cooperation by stating that the national parliaments should contribute actively to the good functioning of the Union;
Amendment 28 #
2013/2185(INI)
Motion for a resolution
Recital G
Recital G
G. whereas the European Parliament and the national parliaments are, in their respective spheres, the pillars of the Union’'s two-fold democratic legitimacy, the former as the institution in which EU citizens are directly represented and the latter as the national institutions to which the governments represented in the Council are directly accountable;
Amendment 30 #
2013/2185(INI)
Motion for a resolution
Recital H
Recital H
Amendment 33 #
2013/2185(INI)
Motion for a resolution
Recital I
Recital I
Amendment 39 #
2013/2185(INI)
Motion for a resolution
Recital L
Recital L
Amendment 42 #
2013/2185(INI)
Motion for a resolution
Recital M
Recital M
Amendment 46 #
2013/2185(INI)
Motion for a resolution
Recital N
Recital N
Amendment 58 #
2013/2185(INI)
Motion for a resolution
Recital P
Recital P
P. whereas, what is more, at the current stage in the integration process, although they do not have a direct legislative role at Union level, the national parliaments have their own special role to play in bolstering ‘European awareness’ in the Member States and bringing citizens closer to the EU;
Amendment 68 #
2013/2185(INI)
Motion for a resolution
Recital S
Recital S
Amendment 71 #
2013/2185(INI)
Motion for a resolution
Recital S a (new)
Recital S a (new)
Sa. whereas the changes made to its Rules of Procedure have taken into account the Lisbon Treaty provisions on the role of national parliaments in the EU;
Amendment 74 #
2013/2185(INI)
Motion for a resolution
Recital T
Recital T
Amendment 78 #
2013/2185(INI)
Motion for a resolution
Recital U
Recital U
Amendment 87 #
2013/2185(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Points out the two-fold democratic legitimacy of the Union, as a union of peoplecitizens and of sMember States, is embodied, in the EU legislative process, by the European Parliament and the Council; believes that, if the Member States are to be represented in a unitary, fully democratic manner in the EU, the stances taken by national governments in the Council must reflect the views of their national parliaments; stresses that, by guiding and scrutinising the work of their governments, national parliaments help to make the Council more democraticshould take in due account the views of their national parliaments;
Amendment 88 #
2013/2185(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that proper legitimacy and accountability must be ensured at national and EU levels by national parliaments and the European Parliament respectively; recalls the principle set out in the conclusions of the December 2012 European Council meeting that 'throughout the process, the general objective remains to ensure democratic legitimacy and accountability at the level at which decisions are taken and implemented';
Amendment 89 #
2013/2185(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 98 #
2013/2185(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Recognizes the role played by the European Parliament committees and National Parliaments committees through the EU legislative process;
Amendment 101 #
2013/2185(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Believes that the lack of transparency of Council deliberations on legislative acts preventsmakes it difficult for governments from beingto be genuinely accountable to their national parliaments;
Amendment 105 #
2013/2185(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes that only two ‘'yellow cards’' - and no ’'orange cards’' at all – have been shown in the subsidiarity scrutiny process to date, and points out that the purpose of the early warning mechanism is not to block the European decision-making process but to improve the quality of EU legislationmake sure that the EU acts in the framework of its competences;
Amendment 108 #
2013/2185(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Takes the view, therefore, that subsidiarity compliance monitoring by national parliaments and European institutions should be seen not as an undue restriction but as a very necessary duty, in that it helps to mould the form and substamechanism to guarantee the competences of EU legislation to the needs of EU citiznational parliaments;
Amendment 111 #
2013/2185(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Believes that the early warning mechanism should be viewed and used as a key means ofone of the tools for ensuring proactive cooperation between European and national institutions;
Amendment 114 #
2013/2185(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Welcomes the fact that this mechanism is in practice being also used as a channel for consultation and cooperative dialogue between the various institutions in the EU’'s multitier system;
Amendment 119 #
2013/2185(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes, given that subsidiarity scrutiny is a dynamic process, that reasoned opinions delivered by national parliaments should be viewed by the institutions not least as an opportunity to gain a clearer picture of how best to achieve the objectives set for legislative acts, and calls on the Commission to reply promptly and fully to reasoned opinions and contributions sent in by national parliaments;
Amendment 126 #
2013/2185(INI)
Motion for a resolution
Paragraph 11 – point d
Paragraph 11 – point d
Amendment 129 #
2013/2185(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Views interparliamentary meetings as places where EU policies and national policies come together and feed off each other, to the benefit of both; believes that a key function of such meetings is to allow national parliaments to take account of the European perspective in national debates, and the European Parliament to take account of the national perspective in European debates; reiterates that the aim of such cooperation is not to form a new joint parliamentary body for inclusion in the Union’s current decision-making set- up, as this would be both ineffective and undemocratic and unconstitutional;
Amendment 133 #
2013/2185(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 137 #
2013/2185(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Welcomes the actions that - following the recommendations of the steering group on relations with national parliaments - have been taken since the entry into force of the Treaty of Lisbon to intensify cooperation between national parliaments and the European Parliament, in particular the planning and the increase of the number of interparliamentary committee meetings (50 since 2010), the information to members and relevant political bodies of national parliament submissions (reasoned opinions and contributions), the introduction of videoconferences, the promotion of bilateral visits, technical improvements to the InterParliamentary EU information eXchange (IPEX); the increase in collaborative projects within the framework of the European Centre for Parliamentary Research and Documentation (ECPRD); visits of administrative officials and exchange of information and of best practices; believes that these actions help to make interparliamentary relations more efficient and more focused, whilst contributing to parliamentary democratisation;
Amendment 144 #
2013/2185(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Believes that the development of formal interparliamentary conferencemeetings should be based on common ground rulepractical arrangements which make allowance for the special features of each type of conference;
Amendment 148 #
2013/2185(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Draws attention to the need forTakes note of the role of the EU Speakers’' Conference to lend greater political impetus to and shape interparliamentary cooperation, in keeping with the remit for each conference and meetingin the interparliamentary cooperation;
Amendment 151 #
2013/2185(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Points out, furthermore, thatEncourages the effectiveness of interparliamentary committee meetings are more effective and calls for closer cooperation between rapporteurs on specific legislative issues;
Amendment 152 #
2013/2185(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Welcomes the effective meetings between political groups and European political parties to be held as part of the arrangements for EU interparliamentary cooperation;
Amendment 157 #
2013/2185(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Believes that, not least in the light of the new interparliamentary conferences on the CFSP/CSDP and economic and financial governance, COSAC should take on a more specialist role as, primarily, a forum for discussion of the state of the Uncan act as a forum for discussion;
Amendment 161 #
2013/2185(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Stresses that interparliamentary cooperation must be open and inclusive and voices its concern about restricted interparliamentary meetings, to which some parliaments are not invited, being organised without proper consultation in order to adopt positions on EU affairs which are not consensus-based; points out that this practice is contrary to the spirit and letter of the Treaties, as is interparliamentary cooperation conducted at administrative level;
Amendment 166 #
2013/2185(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 173 #
2013/2185(INI)
Motion for a resolution
Paragraph 24 – introductory part
Paragraph 24 – introductory part
24. Proposes that an interparliamentary agreementunderstanding should be concluddeveloped between the national parliaments and the European Parliament, to form the basis for organised,an efficient cooperation pursuant to Article 9 of Protocol No 1 to the Lisbon Treaty and Rule 130 of its own rules of procedure and to cover, inter alia:;
Amendment 174 #
2013/2185(INI)
Motion for a resolution
Paragraph 24 – point a
Paragraph 24 – point a
Amendment 175 #
Amendment 177 #
2013/2185(INI)
Motion for a resolution
Paragraph 24 – point c
Paragraph 24 – point c
Amendment 178 #
2013/2185(INI)
Motion for a resolution
Paragraph 24 – point d
Paragraph 24 – point d
Amendment 179 #
2013/2185(INI)
Motion for a resolution
Paragraph 24 – point e
Paragraph 24 – point e
Amendment 181 #
2013/2185(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 183 #
2013/2185(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
Amendment 187 #
2013/2185(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
Amendment 194 #
2013/2185(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
Amendment 197 #
2013/2185(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
Amendment 200 #
2013/2185(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
Amendment 203 #
2013/2185(INI)
Motion for a resolution
Paragraph 31 a (new)
Paragraph 31 a (new)
31a. Recalls that with respect to the conference on economic governance, which is based on Article 13 of the Treaty on Stability, Coordination and Governance, an agreement reached by the EU Speakers in their Conference in Nicosia in April 2013 provides for a number of arrangements for that conference and for a review of these arrangements to be completed in 2015 in the Rome EU Speakers' Conference; takes the view accordingly that any procedure for adoption of practical arrangements for the conference on economic governance prior to that review would be premature and should therefore be avoided;
Amendment 205 #
2013/2185(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
Amendment 2 #
2013/2130(INI)
Motion for a resolution
Citation 4 a (new)
Citation 4 a (new)
- having regard to its resolution of 7 May 2009 on Parliament's new role and responsibilities in implementing the Treaty of Lisbon,
Amendment 3 #
2013/2130(INI)
Motion for a resolution
Recital A
Recital A
Amendment 8 #
2013/2130(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. whereas, according to the new procedure provided by the Treaty of Lisbon for the election of the President of the European Commission, Parliament elects the President of the European Commission by a majority of its component members;
Amendment 9 #
2013/2130(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. Whereas the declaration 11 on article 17(6) and (7) of the Treaty on European Union calls the European Parliament and the European Council to determine by common accord the arrangements for the consultations referred to in article 17 (7) TEU and to guarantee the smooth functioning of the process leading to the election of the President of the European Commission;
Amendment 11 #
2013/2130(INI)
Motion for a resolution
Recital A b (new)
Recital A b (new)
Ab. whereas the European Council has to take into account the result of the European elections and hold appropriate consultations with the European Parliament before it proposes to it the candidate for President of the European Commission;
Amendment 14 #
2013/2130(INI)
Motion for a resolution
Recital C
Recital C
C. whereas the Commission’s accountability to Parliament should be strengthened through the Union’s annual and multiannual programming as well as by creating symmetry between the majorities required for the election of the President of the Commission and for the motion of censure;
Amendment 22 #
2013/2130(INI)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. stresses that the potentialities for the strengthening of the European Union's democratic legitimacy provided by the Treaty of Lisbon should be fully implemented, inter alia through the designation of candidates for the office of Commission President by the European political parties, thus conferring a new political dimension on the European elections and further connecting the citizens' vote with the election of the Commission President by the European Parliament;
Amendment 24 #
2013/2130(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
Amendment 37 #
2013/2130(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls the European Council to implement the declaration 11 on article 17(6) and (7) of the Treaty on European Union by defining by common accord with the European Parliament the arrangements for the consultations referred to in article 17 (7) TEU and by guaranteeing the smooth functioning of the process leading to the election of the President of the European Commission;
Amendment 47 #
2013/2130(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Is of the opinion that the elected President of the Commission should act more autonomously in the process of selecting the other Members of the Commission; calls upon the governments of the Member States to each propose a list of at least three candidates for the office of European Commissioner, allowing the elected President of the Commission to choose one of the candidates from that list; urges the newly elected President of the Commission to insist with the governments of the Member States that the list of candidates for the office of Commissioner must enable him to ensure the gender-balanced composition of the European Commission;
Amendment 57 #
2013/2130(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that, under the Treaties in force, the solution to be adopted may involve the establishment of a rotation system of Commissioners with portfolio andsystem of Vice-presidents of the Commissioners without portfolio, thus ensuring relative stability in the number and content of portfolios and guaranteeing at the same time that the representation of the specificities and interests of all Member States is well balanced in the Commission’s decision- making process; believes that, within this framework, Commissioners without portfolio should fully participate in the decision-making process and could undertake representative duties for the Commission at European level responsibilities over major thematic clusters and with competences to coordinate the work of the Commission in the corresponding areas;
Amendment 65 #
2013/2130(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Considers that, in a future revision of the Treaties, the majority currentlConvention should discuss the majority required under Article 234 TFEU for a motion of censure against the Commission should be simplified so as to require only a majority of the component Members of the European Parliamentand how it could be reduced without putting the well- functioning of the institutions at risk;
Amendment 66 #
2013/2130(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Considers that, in a future revision of the Treaties, the majority currentlConvention should discuss the majority required under Article 234 TFEU for a motion of censure against the Commission should be simplified so as to require only a majority of the component Members of the European Parliamentand how it could be reduced without putting the well- functioning of the institutions at risk. In this regard the introduction of a constructive dismissal procedure should be examined;
Amendment 71 #
2013/2130(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Stresses that the challenge of transparency is ever-present and common to all institutions, including inAcknowledges the challenge to render first- reading agreements more transparent; notes that Parliament has tried to responded to this challenge by adopting new Rules 70 and 70a of its Rules of Procedure;
Amendment 78 #
2013/2130(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Requests that, at the next revision of the Treaties, Parliament’'s right of legislative initiative beis fully recognised by making it mandatory for the Commission to follow up all requests for legislative proposals submitted by Parliament under Article 225 TFEU by presenting a legislative proposal within an appropriate time-limit;
Amendment 86 #
2013/2130(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Understands that delegated acts can be a flexible and effective tool; Stresses the importance of the choice between delegated acts and implementing acts from the point of view of safeguarding the rule- making prerogatives of Parliament, and reiterates its request to the Commission and the Council to agree with Parliament on the definition of criteria for the application of Articles 290 and 291 TFEU , so that implementing acts are not used as a substitute to delegated acts;
Amendment 92 #
2013/2130(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Demands that Parliament be fully and accurately informed at all stages of the procedures for concluding international agreements so as to ensure that Parliament cEmphasises the need to ensure that Parliament is previously informed by the Commission about its intentions to launch an international negotiation and is really able to express an informed opinion on the negotiating mandates and takehat its final decision with an exhaustive knowledge of the subject matteropinion is taken into account; insists that international agreements should include the appropriate conditionalities in order to comply with Article 21 TEU;
Amendment 94 #
2013/2130(INI)
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Takes the view that it should be considered the participation of Parliament members as observers in the negotiations of international agreements;
Amendment 95 #
2013/2130(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Emphasises the need to ensure that Parliament is really able to express an informed opinion on the negotiating mandaDemands that Parliament be fully and accurately informed at all stages of the procedures for concluding international agreements, including the access to the Union´s negotiation texts under the appropriate procedures and conditions, so as to ensure that Parliament can take its final decision with an exhaustive knowledge of the subject mattesr;
Amendment 96 #
2013/2130(INI)
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28a. While respecting the principle that Parliament´s consent to international agreements cannot be conditional, Parliament is entitled to make recommendations as to the actual application of the agreements. To this effect, requests that the Commission presents regular reports to Parliament on the implementation of international agreements, including the human rights conditionality and other conditions of the agreements.
Amendment 97 #
2013/2130(INI)
Motion for a resolution
Paragraph 28 b (new)
Paragraph 28 b (new)
28b. Reminds the need to avoid the provisional application of international agreements before Parliament´s consent to them, unless Parliament agrees to make an exception; underscores that the rules needed for the internal application of international agreements cannot be adopted by the Council alone in its decision on the conclusion of the agreement and that the appropriate legislative procedures under the Treaties must be fully respected;
Amendment 99 #
2013/2130(INI)
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29a. Insists that Parliament should have a say on the decisions regarding the suspension or termination of international agreements whose conclusion need the consent of Parliament.
Amendment 105 #
2013/2130(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30a. Stresses that, under Article 48 (2) TEU, Parliament has the competence to initiate Treaty changes and will make use of this right to present new ideas for the future of Europe and the institutional framework of the EU;
Amendment 106 #
2013/2130(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Underlines that the rules on dialogue and access to information allow for more comprehensive parliamentary scrutiny of the activities of the Commission, ensuring that Parliament is treated on an equal footing with thethereby contributing to the equal treatment of Parliament and Council of Ministers by the Commission;
Amendment 109 #
2013/2130(INI)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35a. calls for an Interinstitutional Agreement to reinforce the role of the European Parliament in the context of the European Semester, and in particular to involve Parliament in the drafting and approval of the Annual Growth Survey, the Economic Policy and Employment Guidelines and the country-specific Recommendations;
Amendment 114 #
2013/2130(INI)
Motion for a resolution
Paragraph 39 a (new)
Paragraph 39 a (new)
39a. Considers that one of the major challenges to the Lisbon Treaty constitutional framework is the risk of intergovernmentalism jeopardizing the "community method", thus weakening the role of Parliament and of the Commission in favour of the institutions representing the Member-states governments.
Amendment 103 #
2013/0306(COD)
Proposal for a regulation
Recital 3
Recital 3
(3) Events that occurred during the financial crisis have shed light on several features of MMFs that make them vulnerable when there are difficulties in financial markets and they may therefore may spread or amplify risks through the financial system. When the prices of the assets in which the MMFs are invested in start to decrease, especially during stressed market situations, the MMF cannot always maintain the promise to redeem immediately and to preserve the principal value of a unit or share issued by the MMF to investors. This situation, that according to the FSB and the IOSCO can be particularly serious for the Constant or Stable NAV MMFs, may trigger massivesubstantial and sudden redemption requests, potentially caustriggering broader macroeconomic consequences.
Amendment 114 #
2013/0306(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) In the absence of a Regulation setting out rules on MMFs, diverging measures might continue to be adopted at national level, which would continue to cause significant distortions of competition resulting from important differences in essential investment protection standards. Diverging requirements on portfolio composition, eligible assets, their maturity, liquidity and diversification, as well as on credit quality of issuers of money market instruments lead to different levels of investor protection because of the different levels of risk attached to the investment proposition associated with a money market fund. The failure to adopt strict common rules applicable to MMFs in the internal market prevents uniform investor protection and gives investors different incentives to redeem their investments and thereby trigger a run. It is therefore essential to avoid contagion into the short term funding market and to the sponsors of the MMF which would largely put at risk the stability of the Union's financial market by adopting a uniform set of rules. It is therefore essential to adopt a uniform set of rules in order to avoid contagion into the short term funding market and to the sponsors of the MMF which would largely put at risk the stability of the Union's financial market. In order to mitigate systemic risk, in addition to a number of requirements for all types of MMFs, the Constant Net Asset Value MMFs (CNAV MMFs) should be converted after a 1 year transition period into a new class of funds called Lower Volatility Net Assets Value Money Market Fund" (LVNAV MMF). LVNAV-MMFs are money market funds where the Net Asset Value per unit of share is rounded to the nearest ten basis point or its equivalent in currency term, and where income in the fund is accrued daily or can either be paid out to the investor. After 2 years following the 1 year transition period the LVNAV class of funds should be transformed into Variable NAV MMFs. The LVNAV includes liquidity fees and gates (conditional to the fund's Board of Directors decision); extensive disclosure and reporting requirements, including daily publication of the "shadow NAV"; high liquidity standards (i.e. 10% daily and 30% weekly liquid assets) and a limited use of amortized costs method, below the IOSCO recommendations (i.e.< 90 days). The valuation of both mark-to-market and mark-to-model prices should be provided by a third independent party (i.e. neither the fund itself nor its "sponsor"). LVNAV MMFs should not receive any form of external support. However, under "exceptional circumstances" the competent authority may allow the MMF to receive external support if the risk is considered by the competent authority a source of potential systemic risk (i.e. the risk is not idiosyncratic). The following Draft Regulation changes accordingly.
Amendment 176 #
2013/0306(COD)
Proposal for a regulation
Recital 45
Recital 45
Amendment 221 #
2013/0306(COD)
Proposal for a regulation
Recital 54
Recital 54
(54) It is essential to carry out a review of this Regulation in order to assess the appropriateness of exempting certain CNAV MMFs that concentrate their investment portfolios on debt issued by the Member States from the requirement to establish a capital buffer that amounts to at least 3 % of the total value of the CNAV MMF's assets. Therefore, dDuring the three years after the entry into force of this Regulation, the Commission should analyse the experience acquired in applying this Regulation and the impacts on the different economic aspects attached to the MMFs. The debt issued or guaranteed by the Member States represents a distinct category of investment displaying specific credit and liquidity traits. In addition, sovereign debt plays a vital role in financing the Member States. The Commission should evaluate the evolution of the market for sovereign debt issued or guaranteed by the Member States and the possibility to create a special framework for MMF that concentrate their investment policy on that type of debt.
Amendment 246 #
2013/0306(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 12 a (new)
Article 2 – paragraph 1 – point 12 a (new)
(12a) "Lower volatility Net Assets Value Money Market Fund" (LVNAV MMF) means a money market fund where the Net Asset Value per unit or share is rounded to the nearest ten basis point or its equivalent in currency term , and where income in the fund is either accrued daily or can be paid out to the investor;
Amendment 256 #
2013/0306(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 22 a (new)
Article 2 – paragraph 1 – point 22 a (new)
(22a) "External support "should be permitted only in exceptional circumstances by the competent authority in order to prevent systemic (not idiosyncratic) risks. "External support" means direct or indirect support offered by a third party that is intended for, or would result in, guaranteeing the liquidity of the MMF or stabilising the NAV per unit or share of the MMF. External support shall include : (a) cash injections from a third party; (b) the purchase by a third party of assets of the MMF at an inflated price; (c) the purchase by a third party of units or shares of the MMF in order to provide liquidity to the fund; (d) the issuance by a third party of any kind of explicit or implicit guarantee, warranty or letter of support for the benefit of the MMF; (e) any action by a third party the direct or indirect objective of which is to maintain the liquidity profile and the NAV per unit or share of the MMF.
Amendment 289 #
2013/0306(COD)
Proposal for a regulation
Article 8 – paragraph 2 – point c
Article 8 – paragraph 2 – point c
(c) taking direct or indirect exposure to equityies or commodities, including via derivatives, certificates representing them, indices based on them or any other means or instruments that would give an exposure to them;
Amendment 290 #
2013/0306(COD)
Proposal for a regulation
Article 8 – paragraph 2 – point c a (new)
Article 8 – paragraph 2 – point c a (new)
(ca) repurchase agreements;
Amendment 291 #
Amendment 292 #
Amendment 295 #
2013/0306(COD)
Proposal for a regulation
Article 8 – paragraph 2 a (new)
Article 8 – paragraph 2 a (new)
2 a. Standard MMFs shall be allowed to invest in money market instruments with a residual maturity until the legal redemption date of less than or equal to 2 years, provided that the time remaining until the next interest rate reset date is less than or equal to 397 days. Floating rate money market instruments should reset to a money market rate or index. A repurchase agreement shall be eligible to be entered into by a MMF provided that all the following conditions are fulfilled: (a) assets used as collateral shall not be sold, re-invested or pledged; (b) the repurchase agreement is used on a temporary basis and not for investment purposes; (c) the MMF has the right to terminate the agreement at any time upon a notice of maximum two working days; (d) the cash received by the MMF as part of repurchase agreements shall not exceed 10% of its assets and shall not be transferred, re-invested or otherwise re- used;
Amendment 494 #
2013/0306(COD)
Proposal for a regulation
Article 25 – paragraph 1 – subparagraph 1
Article 25 – paragraph 1 – subparagraph 1
For each MMF there shall be in place sound stress testing processes that allow identifying possible events or future changes in economic conditions that could have unfavourable effects on the MMF. The manager of a MMF shall regularly conduct stress testing every three months and develop action plans for different possible scenarios. In addition, in the case of LVNAV MMFs, the stress tests shall estimate for different scenarios the difference between the LVNAV MMF NAV per unit or share and the NAV per unit or share.
Amendment 514 #
2013/0306(COD)
Proposal for a regulation
Article 26 – paragraph 1
Article 26 – paragraph 1
1. The assets of a MMF shall be valued at least on a daily basis. The result of this valuation shall be published daily on the website of the MMF. The valuation based both through the mark-to-market and the mark-to-model method should be made by a third independent party (i.e. not the same MMF itself, its related asset manager or its "sponsor").
Amendment 527 #
2013/0306(COD)
Proposal for a regulation
Article 26 – paragraph 5
Article 26 – paragraph 5
5. Amortised cost accounting shall be applied only where it allows for an appropriate approximation of the price of the instrument. The use of amortisation shall be restricted to instruments with low residual maturity not exceeding 90 days and not presenting significant vulnerability to credit or market risks. Materiality thresholds of 10 basis points and escalation procedures shall be in place to ensure that corrective actions are promptly taken when the amortised cost no longer provides a reliable approximation of the price of the instruments. In addition, a review of discrepancies between the market value and the amortised cost value of the money market instruments shall be carried out on a weekly basis. In addition to the marking to market method referred to in paragraphs 2 and 3 and marking to model method referred to in paragraph 4, the assets of a CLVNAV MMF may also be valued by using the amortised cost method. with a residual maturity not exceeding 90 days may be valued by using the amortised cost method, provided that this will not result in a material discrepancy between the value of the instruments and the value calculated according with the amortised cost method.
Amendment 540 #
2013/0306(COD)
Proposal for a regulation
Article 27 – paragraph 4
Article 27 – paragraph 4
4. The ‘constant 'LVNAV per unit or share’' shall be calculated as the difference between the sum of all assets of a CLVNAV MMF and the sum of all liabilities of a CLVNAV MMF valued in accordance with the amortised cost method, divided by the number of outstanding units or shares of the CNAV MMF.
Amendment 543 #
2013/0306(COD)
Proposal for a regulation
Article 27 – paragraph 5
Article 27 – paragraph 5
5. The constant LVNAV per unit or share of a CLVNAV MMF mayshall be rounded to the nearest percentageten basis point or its equivalent when the NAV is published in a currency unit.
Amendment 548 #
2013/0306(COD)
Proposal for a regulation
Article 27 – paragraph 6
Article 27 – paragraph 6
6. The difference between the constant NAV per unit or share and NAV per unit or share of a CLVNAV MMF shall be continuously monitored.
Amendment 550 #
2013/0306(COD)
Proposal for a regulation
Article 27 – paragraph 6 a (new)
Article 27 – paragraph 6 a (new)
6a. After three years after the entry into force of this Regulation the LVNAVs should be transformed into Variable NAV MMFs.
Amendment 556 #
2013/0306(COD)
Proposal for a regulation
Article 28 – paragraph 2
Article 28 – paragraph 2
2. By way of derogation from paragraph 1, the units or shares of a CLVNAV MMF shall be issued or redeemed at a price that is equal to the MMF's constant LVNAV per unit or share.
Amendment 559 #
Amendment 563 #
Amendment 568 #
2013/0306(COD)
Proposal for a regulation
Article 29 – paragraph 1
Article 29 – paragraph 1
1. A MMF shall not use the amortised cost method for valuation, or advertise a constant NAV per unit or share, or round the constantround the NAV per unit or share to the nearest percentageten basis point or its equivalent when the NAV is published in a currency unit unless it has been explicitly authorised as a CLVNAV MMF.
Amendment 571 #
2013/0306(COD)
Proposal for a regulation
Article 29 – paragraph 2
Article 29 – paragraph 2
Amendment 707 #
2013/0306(COD)
Proposal for a regulation
Article 36 – paragraph 1 – introductory part
Article 36 – paragraph 1 – introductory part
1. In exceptional circumstances justified by systemic implications or adverse market conditions the competent authority may allow a MMF other than a CLVNAV MMF to receive external support referred to in Article 35 that is intended for or in effect would result in guaranteeing the liquidity of the MMF or stabilising the NAV per unit or share of the MMF provided that all of the following conditions are fulfilled:
Amendment 797 #
2013/0306(COD)
Proposal for a regulation
Article 45 – paragraph 1 – introductory part
Article 45 – paragraph 1 – introductory part
By threewo years after the entry into force of this Regulation, the Commission shall review the adequacy of this Regulation from a prudential and economic point of view. In particular the review shall consider twhe operation of the CNAV buffer and the operation of the CNAV buffer to those CNAV MMFs that, in future, might concentrate their portfolios on debt issued or guaranteed by the Member Statether changes should be made to the regime for LVNAV MMFs. The review shall:
Amendment 2 #
2012/2829(RSP)
Motion for a resolution
Recital B
Recital B
Amendment 5 #
2012/2829(RSP)
Motion for a resolution
Recital E
Recital E
E. the new Parliament needs sufficient time to organise itself in advance of the election of the Commission President, and the polling days (Thursday - Sunday) need ideally to avoid public holidays;
Amendment 15 #
2012/2829(RSP)
Paragraph 3
3. Requests the Council to consult Parliament on holding the elections either from 15-18 May oron 22- 25 May 2014;
Amendment 71 #
2012/2308(INI)
Motion for a resolution
Recital O a (new)
Recital O a (new)
Oa. whereas Euro-scepticism is growing at an increasing rate in some Member States and whereas Parliament, the only institution to be elected directly, has to stand for greater credibility and greater closeness to citizens;
Amendment 111 #
2012/2308(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Maintains that it will be necessary to evaluate the financial and economic consequences entailed in a change of Parliament’s seat, or as regards its places of work, and to agree on an appropriate compromise whereby existing Parliament buildings can continue to be used;
Amendment 180 #
2012/2151(INI)
Motion for a resolution
Recital AC
Recital AC
AC. whereas it cannot be excluded that new Treaty changes might be needed for increasing the governance of a fully operational EMU; whereas the Commission should list without delay the necessary institutional developments in the long termthe existing Treaties allow a broad margin for substantial progress toward an EMU based on an enhanced and more integrated financial, budgetary and economic policy framework and on a stronger democratic legitimacy and accountability;
Amendment 577 #
2012/2151(INI)
Motion for a resolution
Recital CN a (new)
Recital CN a (new)
CNa. whereas the tendency to base euro area governance on intergovernmental procedures, bodies and agreements has proved to be economically inefficient, non transparent and unable to address the Union's democratic deficit originated by the gap between the European dimension of the policies necessary to govern the EMU and the prevailing national dimension of the politics on which that governance is currently based;
Amendment 605 #
2012/2151(INI)
Motion for a resolution
Paragraph -1 a (new)
Paragraph -1 a (new)
-1a. Considers necessary to place the governance of the economic and monetary union within the institutional framework of the Union, which is a precondition for its effectiveness and for filling the current political gap between national politics and European policies;
Amendment 814 #
2012/2151(INI)
Motion for a resolution
Annex – part 3 – point 3.2 a (new)
Annex – part 3 – point 3.2 a (new)
Amendment 4 #
2012/2124(REG)
Parliament's Rules of Procedure
Article 81 – paragraph 1 – subparagraph 1
Article 81 – paragraph 1 – subparagraph 1
1. Where Parliament is asked to give its consent to a proposed act, it shall take aadopt its decision on the basis oftaking into account a recommendation from the committee responsible tohat the act be approved or reject the acted. The recommendation shall include citations, but shall not include recitals. It may include a short justification, which shall be the responsibility of the rapporteur and which shall not be put to the vote. Amendments tabled in committee shall be admissible only if they aim to reverse the recommendation as proposed by the rapporteur.
Amendment 5 #
2012/2124(REG)
Parliament's Rules of Procedure
Article 81 – paragraph 1a (new)
Article 81 – paragraph 1a (new)
Amendment 6 #
2012/2078(INI)
Motion for a resolution
Recital D
Recital D
D. whereas any differentiation has towill respect and so reinforce the unity of the European legal order and its effectiveness and coherence, the principle of non- discrimination on grounds of nationality, as well as the establishing of the area of freedom, security and justice without internal frontiers and the functioning of the internal market;
Amendment 12 #
2012/2078(INI)
Motion for a resolution
Recital G
Recital G
G. whereas the Treaties offer differentseveral options and instruments for differentiated integration, including limitations of the territorial scope of application, safeguard clauses, derogations, opt-outs, opt-ins, enhanced cooperation, and provisions specific to Member States whose currency is the euro, provided such instruments respect the unity, effectiveness and coherence of the European legal order and are embedded in the single institutional framework (the Community method);
Amendment 14 #
2012/2078(INI)
Motion for a resolution
Recital G a (new)
Recital G a (new)
Ga. whereas some Member states have obtained to opt-out of different EU policies, as laid down in different Protocols to the Treaties;
Amendment 15 #
2012/2078(INI)
Motion for a resolution
Recital H
Recital H
H. whereas derogations under Article 27(2) TFEU allow a differentiation between certain Member States within a legal act that is addressed to all Member States; still with the aim of progressively establishing and ensuring the functionality of the internal market;
Amendment 19 #
2012/2078(INI)
Motion for a resolution
Recital O a (new)
Recital O a (new)
Oa. whereas the Prüm Convention has been partially integrated into the EU legal framework;
Amendment 24 #
2012/2078(INI)
Motion for a resolution
Recital S
Recital S
S. whereas international agreements outside of the Treatieslegal framework of the EU which aim at realising the objectives of the Treaties have been used as an absolute ultima ratio instrument for differentiated integration which has to respect the unity, effectiveness and coherence of the European legal order, having to remain open for all Member States willing to join, and either already integrated or providing for an obligation to integrate the content of the international agreement concerned into the Treaties;
Amendment 28 #
2012/2078(INI)
Motion for a resolution
Recital Y
Recital Y
Y. whereas Article 136 TFEU can be considered as a specific form of enhanced cooperation between the Member States whose currency is the euro where the authorisation is granted by the Treaties and the procedure under the Treaties has already been used in conjunction with Article 121.6 for adopting regulations;
Amendment 29 #
2012/2078(INI)
Motion for a resolution
Recital Y
Recital Y
Y. whereas Article 136 TFEU can be considered as a specific form oflegal base of an enhanced cooperation between the Member States whose currency is the euro where the authorisation is granted by the Treaties and the procedure under the Treaties has already been used in conjunction with Article 121.6 for adopting regulations;
Amendment 31 #
2012/2078(INI)
Motion for a resolution
Recital AC
Recital AC
AC. whereas a genuinedeeper EMU requires stronger competences, financial resources and democratic accountability, and its establishment should follow a two-step approach based on, first, the immediate full use of the potentialities of the existing Treaties and, second, a Treaty change to be defined by a Convention;
Amendment 38 #
2012/2078(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Reiterates its belief thatwill for a genuine EMU requires enhancing the Union's competences, in particular in the field of economic policy, and strengthening its own resources and budgetary capacity, as well as the role and democratic accountability of the Commission and the prerogatives of Parliament;
Amendment 47 #
2012/2078(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Stresses that the existing TFEU provisions, in particular article 3.4 TEU, article 3.1 and article 136.1 TFEU, and the differentiated integration procedures under the Treaties allow taking a first step in the establishment of a genuinedeeper EMU which is fully consistent with the requirements of stronger democratic accountability, increased financial resources and better decision-making capacity;
Amendment 61 #
2012/2078(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Is of the opinion that, as a consequence, the specificity of measures adopted under Article 136 TFEU does not relate only to the fact that those measuresey are specific to Member States whose currency is the euro, but also implies that they can have greater binding force;
Amendment 62 #
2012/2078(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Stresses that, where some Member States want to be excluded completely fromnot to take part in the adoption of a legal act in the field of the Union's non- exclusive competences, an enhanced cooperation in accordance with the relevant Treaty provision should be established instead of concluding international treatiesagreements outside the framework of the EU legal order;
Amendment 69 #
2012/2078(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Recalls that the purpose of Article 48 TEU is also to guarantee the democratic legitimacy of any treaty change by the requirement of the mandatory involvement of the European Parliament in the amendment procedure and of the national parliaments in the amendmentsubsequent ratification procedure;
Amendment 75 #
2012/2078(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Disagrees with ‘'contractualisation’' of the relationship between the Union and the Member States, and reiterates that the lack of Union competences and of Union powers can be overcomeextended, where necessary, by using the appropriate procedures or, in absence of an appropriate legal basis, by amending the Treaties;
Amendment 78 #
2012/2078(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Recalls that according to article 3.4 TEU the EMU is established by the Union and its functioning must be founded on representative democracy;
Amendment 80 #
2012/2078(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Stresses that the European Parliament is the only EU institution in which citizens are directly represented at Union level and is the parliamentary body of the EMU, and that its appropriate involvement is essential for ensuring EMU democratic legitimacy and functioning;
Amendment 86 #
2012/2078(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Stresses that the internal rules of the European Parliament offer a sufficient margin of manoeuvre to organise specific forms of differentiation on the basis of political agreement within and among the political groups in order to provide for appropriate scrutiny of the EMU, and calls for the establishment of a subcommittee to provide such scrutiny and enhance the coherence of Parliament's approach to EMU;
Amendment 91 #
2012/2078(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Recalls that Article 14 TEU confers the function of political control on the European Parliament, and considers that this political control function is not limited to setting up temporary committees of inquiry under Article 226 TFEU with regard to activities of the SSM, but also covers any right of investigation that is traditionally grantedlso covers all the other control instruments available to pParliaments in order to control the executive branch, including the setting-up of an independent inquiry into any actions or failure to act of the ECB that have or may have led to a significant event in relation to financial stability, confidence or failure of a credit institution and request for access to any document related thereto;
Amendment 105 #
2012/2078(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Calls forwelcomes the conclusion of an interinstitutional agreement between the European Parliament and the ECB, on a basis of full respect for the limits set by the independence of the ECB under Article 130 TFEU, and calls for a formal arrangement between the European Parliament and the ESM in order to ensure the fully-fledged democratic accountability of the latter's activities, including those of the Troika;
Amendment 129 #
2012/2078(INI)
Motion for a resolution
Paragraph 45 a (new)
Paragraph 45 a (new)
45a. Reminds that the Treaties provide in Art. 153 TFEU for a legal base to adopt measures concerning social policy and calls for a use of this legal base in order to enhance the social dimension of the EMU.
Amendment 130 #
2012/2078(INI)
Motion for a resolution
Paragraph 45 b (new)
Paragraph 45 b (new)
45b. Calls for European minimum wages at the EU level determined on the basis of certain Member State specific indicators and without prejudice to collective bargaining under Art. 115 TFEU.
Amendment 145 #
2012/2078(INI)
Motion for a resolution
Paragraph 49
Paragraph 49
49. Considers that any future treaty change should afconfirm differentiated integration as a principle and a means of unity of the Union;
Amendment 158 #
2012/2078(INI)
Motion for a resolution
Paragraph 52
Paragraph 52
52. Considers the Eurogroup to be an informal configuration of the Economic and Financial Affairs Council;, and calls therefore for the president of ECOFIN to be at the same time the president of the Eurogroup
Amendment 169 #
2012/2078(INI)
Motion for a resolution
Paragraph 55 a (new)
Paragraph 55 a (new)
55a. Considers that both the European Parliament and the Council shall get the right to initiate a legislative procedure by requesting the Commission to submit a legislative proposal and to present an own proposal if the Commission refuses to do so.
Amendment 185 #
2012/2078(INI)
Motion for a resolution
Paragraph 58 a (new)
Paragraph 58 a (new)
58a. Calls for the inclusion of a general rule according to which the economic freedoms, as established in the Treaties, shall be interpreted in such a way as not infringing upon the exercise of fundamental social rights as recognised in the Member States and by Union law, including but not limited to the right to negotiate, conclude and enforce collective agreements and to take collective action laid down in Article 28 of the Charter of Fundamental Rights, and as not infringing upon the autonomy of social partners when exercising these fundamental rights.
Amendment 186 #
2012/2078(INI)
Motion for a resolution
Paragraph 58 b (new)
Paragraph 58 b (new)
58b. Takes the view that the Member States and the Union shall conduct their economic policies in accordance with the principle of a highly competitive social market economy;
Amendment 195 #
2012/2078(INI)
Motion for a resolution
Paragraph 60
Paragraph 60
60. Considers the reversed qualified majority voting in the Fiscal Compact as a merely political declaration without any legally binding effect on Member States, and calls instead for the integration of this voting rule into the Treaties and for the modification of Articles 121, 126 and 148 TFEU, in such a way that the proposals or recommendations submitted by the Commission may enter into force if no objection has been expressed by Parliament or the Council within a certain predefined period, in order to ensure fully-fledged legal certainty;
Amendment 214 #
2012/2078(INI)
Motion for a resolution
Paragraph 65 a (new)
Paragraph 65 a (new)
65a. Calls for a switch to the ordinary legislative procedure in tax matters under Art. 113 TFEU, Art. 192(2)(a) TFEU and Art. 194(3) TFEU as well as for a deletion of the exclusion clause in Art. 114(2) TFEU;
Amendment 215 #
2012/2078(INI)
Motion for a resolution
Paragraph 65 b (new)
Paragraph 65 b (new)
65b. Calls for legal means to set minimum social standards which requires an extension of Art. 153(2)(b) TFEU to all fields referred to in Art. 153(1) TFEU and a deletion of the unanimity in Art. 153(2)(3) TFEU;
Amendment 216 #
2012/2078(INI)
Motion for a resolution
Paragraph 65 c (new)
Paragraph 65 c (new)
65c. Believes that an EU-level unemployment benefit scheme as an automatic stabilizer can assist the adjustment mechanisms of countries whose competitiveness has declined, where unemployment is very high and putting enormous pressure on domestic budgets and calls therefore for an amendment of Art. 153 TFEU which enables the Union to establish such a scheme;
Amendment 221 #
2012/2078(INI)
Motion for a resolution
Paragraph 66 a (new)
Paragraph 66 a (new)
66a. Calls for the extension of the legal base in Art. 127(6) TFEU to all financial institutions including insurance undertakings that are established within the internal market;
Amendment 228 #
2012/2078(INI)
Motion for a resolution
Paragraph 69 a (new)
Paragraph 69 a (new)
69a. Calls for the establishment of a legal base which empowers the Union to raise own taxes as a proper own resource for the benefit of the Union budget.
Amendment 255 #
2012/2078(INI)
Motion for a resolution
Paragraph 75 a (new)
Paragraph 75 a (new)
75a. Calls for a reduction of the required majority in Art. 48(4) TEU for a Treaty amendment in the conference of representatives of the governments of the Member States to three quarter and calls for the inclusion of the European Parliament to vote on Treaty amendments with a majority of two thirds of its component members;
Amendment 259 #
2012/2078(INI)
Motion for a resolution
Paragraph 77
Paragraph 77
77. Instructs its President to forward this resolution to the Council and, the Commission, and the President of the European Council.
Amendment 1 #
2012/2024(INI)
Draft opinion
Section 1 – Recital A
Section 1 – Recital A
A. whereas a pressing problem of the European Union today is that the citizens question its legitimacye lack of confidence from citizens which can affect its legitimacy; whereas the EU needs to address swift, clear and visible answers to the citizens in order to respond to their worries;
Amendment 2 #
2012/2024(INI)
Draft opinion
Section 1 – Recital A a (new)
Section 1 – Recital A a (new)
Aa. whereas the Lisbon Treaty provides for the drafting of a Regulation on European Administration, on the basis of article 298 TFEU, which still needs to be implemented;
Amendment 5 #
2012/2024(INI)
Draft opinion
Section 1 – Recital C
Section 1 – Recital C
C. whereas Article 41 of the Charter of Fundamental Rights of the European Union recognises the right to good administration as a fundamental right of the citizens, which is now legally binding as primary law;
Amendment 9 #
2012/2024(INI)
Draft opinion
Section 1 – Recital D
Section 1 – Recital D
D. whereas the Code of Good Administrative Behaviour prepared by the European Ombudsman and approved by Parliament on 6 September 20011 provides a good basis for the new Regulation, as does the Council of Europe’s Recommendation on good administration; whereas experience could be drawn by the Ombudsman’s activity on this field;
Amendment 10 #
2012/2024(INI)
Draft opinion
Section 1 – Recital D a (new)
Section 1 – Recital D a (new)
Da. whereas an independent EU Administration could be an effective response in reducing the current perception of the lack of activity of the European Union;
Amendment 11 #
2012/2024(INI)
Draft opinion
Section 1 – Recital D b (new)
Section 1 – Recital D b (new)
Db. whereas a Regulation on European Administrative law could aim towards a future convergence of the National rules on administrative law, as far as the general principles concerning citizens are concerned, and could help strengthening the process of integration in this field;
Amendment 12 #
2012/2024(INI)
Draft opinion
Section 1 – Recital D c (new)
Section 1 – Recital D c (new)
Dc. whereas, taking into account the recommendations of the Group of States against corruption (GRECO) of the Council of Europe, a clear and binding set of rules for the EU administration would be a positive signal in the fight against corruption in public administrations;
Amendment 13 #
2012/2024(INI)
Draft opinion
Section 1 – Recital D d (new)
Section 1 – Recital D d (new)
Dd. whereas a Regulation could foster the cooperation and the exchange of best practices between National administrations and the EU administration, in order to fulfil the objectives set up by article 298 TFEU;
Amendment 16 #
2012/2024(INI)
Draft opinion
Section 2 – paragraph 2
Section 2 – paragraph 2
2. The Regulation should establish a guarantee and lay down more detailed procedural rules in order to ensure respect of the fundamental principles of good administration, namely lawfulness and legal certainty, proportionality, independence, impartiality and fairness, legitimate expectations and equality;
Amendment 18 #
2012/2024(INI)
Draft opinion
Section 2 – paragraph 2 a (new)
Section 2 – paragraph 2 a (new)
2a. The Regulation should act as a framework legislation providing the EU administration with a universal set of principles and should lay down a procedure applicable as a de minimis rule where no lex specialis exists;
Amendment 23 #
2012/2024(INI)
Draft opinion
Section 2 – paragraph 5
Section 2 – paragraph 5
5. The procedural rules must guarantee, in accordance with point (a) of Article 41(2) of the Charter of Fundamental Rights, that the person concerned will be heard before any individual measure that would affect hims or her adverselyrights or interests, is taken;
Amendment 6 #
2011/2302(REG)
Proposal for a decision
Paragraph 3
Paragraph 3
3. Asks the Vice-President of Parliament responsible for matters relating to citizens’ initiatives, the Chair of the Conference of Committee Chairs and the rapporteur for the above report, together with representatives of the other political groups appointed by the Conference of Presidents, to come to an agreement with the Commission in respect of arrangements for implementing Regulation (EU) No 211/2011 of the European Parliament and of the Council of 16 February 2011 on the citizens’ initiative as regards cooperation between the two institutions in organising and conducting public hearings and in reimbursing the costs arising from such hearings; calls for these arrangements to be laid down Invites the Commission to agree on the need to be represented at an appropriate political level at every hearing following a successful European citizens’ initiative, and invites the Conference of Presidents to appoint an interinstitutional agreement to be incorporated into the Framework Agreement on relations between the European Parlia group of Members having the task of securing such an agreement andwith the Commission when it is next revised; is willing to bear the costs of providing meeting rooms and interpretation for the publicbefore the first hearings if the Commission will reimburse the travel and subsistence expenses incurred by participantss organised;
Amendment 8 #
2011/2302(REG)
Proposal for a decision
Paragraph 4
Paragraph 4
Amendment 15 #
2011/2302(REG)
Rule 197 a (new) – paragraphs 1 to 5 (new)
Amendment 11 #
2011/2298(REG)
Parliament's Rules of Procedure
Rule 70 – paragraph 2
Rule 70 – paragraph 2
2. BeforeWhere the committee responsible considers it appropriate to entering into such negotiations, the committee after the adoption of a responsible should, in principle, take a decision by a majority of its members and adopt a mandate, orientations or prioritiesrt for first reading, it shall take a decision on the opening of negotiations by a majority of its members and on a case-by-case basis for every legislative procedure concerned. That decision shall include a mandate and shall specify the composition of the negotiating team, which shall be composed of at least the chair, the rapporteur and the coordinators or shadow rapporteurs, as appropriate. The mandate shall consist of the report adopted in committee.
Amendment 19 #
2011/2298(REG)
Parliament's Rules of Procedure
Rule 70 – paragraph 2 a (new)
Rule 70 – paragraph 2 a (new)
2a. The decision on the opening of negotiations at first reading, as referred to in paragraph 2, shall be translated, transmitted to the President and distributed to all Members. It shall be announced by the President at the opening of the part-session following its adoption by the committee responsible.
Amendment 20 #
2011/2298(REG)
Parliament's Rules of Procedure
Rule 70 – paragraph 2 b (new)
Rule 70 – paragraph 2 b (new)
2b. The item shall be included in the draft agenda of the subsequent part-session for consideration with a debate and vote, and the President shall set a deadline for the tabling of amendments where: – one tenth of the component Members of Parliament, representing at least two political groups, so request within 48 hours after the announcement, or – the Conference of Presidents so decides at its ordinary meeting following the announcement. Otherwise, the decision on the opening of the negotiations shall be deemed approved.
Amendment 23 #
2011/2298(REG)
Parliament's Rules of Procedure
Rule 70 – paragraph 2 c (new)
Rule 70 – paragraph 2 c (new)
2c. The negotiating team, whose composition is provided for in paragraph 2, shall be chaired by the chair of the committee responsible. Any document intended to be discussed in a meeting with the Council and the Commission (trilogue) shall be circulated to the whole negotiating team at least 48 hours in advance of each meeting. After each trilogue the negotiating team shall report to the subsequent meeting of the committee responsible. Documents of any kind which were considered during the trilogue in question shall be made available to the committee. Where it proves not to be feasible to convene a meeting of the committee in a timely manner, the negotiating team shall report back to the coordinators of the committee. The committee responsible may update the mandate in the light of the progress of the negotiations.
Amendment 25 #
2011/2298(REG)
Parliament's Rules of Procedure
Rule 70 – paragraph 3
Rule 70 – paragraph 3
3. If the negotiations lead to a compromise with the Council following the adoption of the report by the com, the coordinators of the committee responsible shall be informed without delay. The agreed draft legislative act shall be submittee,d to the committee shall in any case be reconsulted before the vote in plenaryresponsible, and, if approved, shall be tabled for consideration by Parliament in the form, where appropriate, of: – a report, or – compromise amendments which may be in the form of a consolidated text.
Amendment 1 #
2011/2131(BUD)
Motion for a resolution
Article 2
Article 2
2. Decides to amend Council's position on Draft amending budget No 5/2011 as shown belowregards the establishment plan of EDPS as shown below, and decides to accept Council's position on Draft amending budget No 5/2011 as regards the establishment plan of EEAS;
Amendment 2 #
2011/2071(INI)
Draft opinion
Recital A
Recital A
A. whereas under the subsidiarity principle, national budgetary procedures and terminology are governed by the constitutional system of each Member State and the EU budget is co-decided by the European Parliament and the Council according to the Treaties,
Amendment 4 #
2011/2071(INI)
Draft opinion
Recital B
Recital B
B. whereas the European Semester is essentially linked to the objectives of the Europe 2020 strategy agreed byaccording to the Commission the synchronisation of the assessment of fiscal and structural policies of EU Member States within the European Semester is an integral part of the broader framework of the Europe 2020 initiative, which draws its resources both from the 27 Member States national budget and from the EU budget,
Amendment 4 #
2011/2071(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Is of the opinion that the European Semester, first proposed in the Commission's Communication of May and June 2010 and initially based on a non- binding commitment of the Council, should be formalisproperly incorporated into the regulation on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies (Regulation (EC) No 1466/97)EU legal framework including full democratic scrutiny and a proper legal basis in the form of a regulation according to art. 121.6;
Amendment 6 #
2011/2071(INI)
Draft opinion
Recital B a (new)
Recital B a (new)
B a. whereas, so far, the European Semester is regulated by the Code of Conduct for the Stability and Growth Pact,
Amendment 7 #
2011/2071(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Recalls that according to art. 5.1 TFEU Member States coordinate their economic policies within the Union; therefore an integrated economic policy coordination in form of a European semester is subject to the objectives and requirements set out both in the TEU (namely art. 3.3) and in the TFEU (in particular 121, 126, 148);
Amendment 8 #
2011/2071(INI)
Draft opinion
Paragraph - 1 (new)
Paragraph - 1 (new)
- 1. Stresses the need to provide the European Semester with a proper legal basis in the form of a regulation according to Article 121(6) TFEU;
Amendment 8 #
2011/2071(INI)
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Stresses the need that an integrated surveillance of economic policies, in order to be effective, must not be limited to the assessment of fiscal and structural policies of EU Member States, but has to be synchronized with the objectives and action taken at the EU level, as well as with the level and nature of the Union's financial resources; underlines in this regard the crucial role of EU policies and action under the EU2020 strategy, namely cohesion policies, research and innovation;
Amendment 9 #
2011/2071(INI)
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2c. Considers appropriate to establish to this end an instrument of inter- parliamentary coordination between national Parliaments and the European Parliament, in order to allow for a dialogue on all aspects of the integrated economic policies coordination prior to the decisions which each Parliament has to take under its own constitutional order; invites its President to explore with the speakers of the EU national Parliaments the feasibility of an inter-parliamentary agreement on parliamentary scrutiny in the framework of the European Semester;
Amendment 50 #
2011/2058(REG)
Parliament's Rules of Procedure
Rule 123 – paragraph 1 – subparagraph 1
Rule 123 – paragraph 1 – subparagraph 1
1. Up to five Members may submit a written declaration of not more than 200 words on a matter falling within the competence of the European Union which does not cover issues that are the subject of an ongoing legislative processbut for which no specific procedures are laid down in these Rules of Procedure. Authorisation shall be given by the President on a case-by-case basis. Written declarations shall be printed in the official languages and distributed. They shall be entered with the names of the signatories, in a register. This register shall be public and shall be kept outside the entrance to the Chamber during part-sessions and in an appropriate location, to be determined by the College of Quaestors, between part- sessions.
Amendment 51 #
2011/2058(REG)
Parliament's Rules of Procedure
Rule 123 – paragraph 1 – subparagraph 1
Rule 123 – paragraph 1 – subparagraph 1
1. Up to five Members may submit a written declaration of not more than 200 words on a matter falling within the competence of the European Union which does not cover issues that are the subject of an ongoing legislative process. Authorisation shall be given by the President on a case-by-case basis. Written declarations shall be printed in the official languages and distributed. They shall be entered with the names of the signatories, in a register. This register shall be public and shall be kept outside the entrance to the Chamber during part- sessions and in an appropriate location, to be determined by the College of Quaestors, between part- sessions.
Amendment 68 #
2011/2058(REG)
Parliament's Rules of Procedure
Rule 42 – paragraphs 2 and 3
Rule 42 – paragraphs 2 and 3
2. AnyUp to five Members may table a proposal for a Union act on the basis of the right of initiative granted to Parliament under Article 225 of the Treaty on the Functioning of the European Union. 3. The proposal shall be submitted to the President, whoThe proposal shall indicate its legal basis and may be accompanied by an explanatory statement of no more than 150 words. 3. The proposal shall be submitted to the President, who shall decide if the legal requirements are fulfilled. He may refer the proposal to the committee responsible for verification of the legal basis for advice. If the President declares the proposal admissible, he shall announce it in plenary. The signature of any Member may then be added to the proposal, in accordance (mutatis mutandis) with the provisions of Rule 123(1) and 123(5). Where a proposal is signed by a majority of Parliament's component members, the Conference of Presidents shall refer it to the committee responsible for drawing up a report in accordance with paragraph 1. The committee shall draw up a report in accordance with Rule 48, having heard the author of the proposal. Where a proposal is not submitted to additional signatures or is not signed by a majority of Parliament's component Members, the President shall refer it to the committee responsible for consideration. Before such referral, the proposal shall be translated into those official languages which the Chair of that committee considers necessary in order to make summary consideration possible. The committee shall take a decision on further action within three months of the referral, and after having heard the author of the proposal. Where the committee decides to submit the proposal to Parliament in accordance with the procedure set out in Rule 48, tThe authors of the proposal shall be named in the title of the report.
Amendment 136 #
2011/2020(BUD)
Motion for a resolution
Paragraph 82 b (new)
Paragraph 82 b (new)
82. Notes the ongoing difficulties with theat Seconded National Experts (SNE) are not counted in the one third of EEAS establishment plan as it seems that national experts inside the EEAS are not counted in the 1/3 part for Member States and there seem to be a overproportion of high ranking manff at AD level; nevertheless, recalls the Council decision establishing the organisation and fuctioning of the EEAS which states that "by the expiry of the contract of an SNE transferred to the EEAS under article 7, the function will be converted into a temporary agement posts; this development seems to be a result of pressure by Member States’ administrations on the EEAS in or in cases where the function performed by the SNE corresponds to a function normally carried out by staff at AD level, providerd to create high ranking posts for national civil servants;hat the necessary post is available under the establishment plan".
Amendment 137 #
2011/2020(BUD)
Motion for a resolution
Paragraph 82 a (new)
Paragraph 82 a (new)
82a.Takes into account the clarifications received from the EEAS in the letter sent to the Committee on Budgets chair on 30 September 2011 concerning the share of EU officials in the establishment plan, in line with the committment taken by HR/VP; therefore, decides to restore the EEAS establishment plan as proposed in Commission Draft Budget, and believes that all reserves related to recruitment and the setting up of an EU delegation in the United Arab Emirates should be lifted;
Amendment 139 #
2011/2020(BUD)
Motion for a resolution
Paragraph 83
Paragraph 83
83. NotesIs concerned by the Council’s position to reduce the increase incut the EEAS’ draft budget for 2012 to +2,25%; has also taken a restrictive approach on increases, in line with the position of its Committee on Foreign Affairs;
Amendment 141 #
2011/2020(BUD)
Motion for a resolution
Paragraph 84
Paragraph 84
84. Notes that the EEAS is constantly growing since its creation in 2010; has therefore decided to apply an abatement rate of 6% (instead of 14 % proposed by Council); has therefore refused new AD posts for delegationsremarks that the increase in budgetary needs of the EEAS is a result of a reallocation of competences previously carried out by the Council and the Commission, and the development of underestimated needs such as start-up costs, new obligations and tasks currently undertaken by Council and Commission; therefore, taking into account its specific situation, believes that the Commission draft budget for Section X should be reinstated;
Amendment 143 #
2011/2020(BUD)
Motion for a resolution
Paragraph
Paragraph
85. Concerning the other lines, decides to increase appropriations partly above Council's position level because there will be the need to move the EEAS to a new building, which will make necessary to procure services from the local market, as well as to introduce a reserve on budget lines 3001, 3002 and 3004 because of large contractual obligations payable in foreign currencies, which are extremely sensitive to exchange rate movements;
Amendment 18 #
2011/0901(COD)
Proposal for a regulation
Recital 10
Recital 10
Amendment 30 #
2011/0901(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 8
Article 1 – paragraph 1 – point 8
Amendment 34 #
2011/0901(COD)
Proposal for a regulation
Article 2
Article 2
Amendment 35 #
2011/0901(COD)
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1
Article 3 – paragraph 2 – subparagraph 1
Points 4, 6, 7 and 87 of Article 1 and Article 2 shall enter into force on the first day of the month following that of the publication of this Regulation in the Official Journal of the European Union.
Amendment 70 #
2011/0413(COD)
Proposal for a regulation
Title
Title
Regulation of the European Parliament and of the Council establishing an Instrument for StabilityPeace
Amendment 90 #
2011/0413(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) In order to adapt the scope of this Regulation to the rapidly evolving reality, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of the detailed areas of technical and financial assistance provided in the Annexes to this Regulation, and to adopt additional procedures for exchanging information and cooperation. It is of particular importance that the Commission should carry out in close cooperation with the EEAS appropriate consultations during its preparatory work, including with the European Parliament and at expert level. The Commission and the EEAS, when preparing and drawing-up delegated acts, should further ensure timely transmission of relevant documents to the European Parliament and Council.
Amendment 92 #
2011/0413(COD)
Proposal for a regulation
Article 1 – paragraph 2 – point a
Article 1 – paragraph 2 – point a
(a) in a situation of crisis or emerging crisis, to swiftly contribute to peace, international security and stability by providing an effective response to help preserve, establish or re-establish the conditions essential to the proper implementation of the Union's development and cooperation policiescommon external policies and actions - in particular the EU's development and cooperation policies and the Common Foreign and Security Policy - and the respect for its values and for principles of the United Nation Charter and international law;
Amendment 95 #
2011/0413(COD)
Proposal for a regulation
Article 1 – paragraph 2 – point c
Article 1 – paragraph 2 – point c
(c) to address specific global and trans- regional threats having a destabilising effect, including climate changeto peace, international security and stability.
Amendment 99 #
2011/0413(COD)
Proposal for a regulation
Article 2 – paragraph 2 a (new)
Article 2 – paragraph 2 a (new)
2a. Measures taken under this Regulation shall duly take into consideration the views of the European Parliament and shall be consistent with its recommendations and resolutions.
Amendment 128 #
2011/0413(COD)
Proposal for a regulation
Article 6 – paragraph 1 – point a
Article 6 – paragraph 1 – point a
(a) Multi-country, Thematic Strategy Papers and Multiannual Indicative Programmes;
Amendment 140 #
2011/0413(COD)
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
1. Multi-country and Thematic Strategy Papers shall constitute the general basis for the implementation of assistance under Article 4 and 5. Multi-country and Thematic Strategy Papers shall provide a framework for cooperation between the Union and the partner countryies or regions concerned, consistent with the overall purpose and scope, objectives, principles and policy of the Union.
Amendment 143 #
2011/0413(COD)
Proposal for a regulation
Article 8 – paragraph 3
Article 8 – paragraph 3
3. Each Multi-country and Thematic Strategy Paper shall be accompanied by a Multiannual Indicative Programme summarising the priority areas selected for Union financing, the specific objectives, the expected results and timeframe of Union support. The Multiannual Indicative Programmes shall determine the indicative financial allocations for each programme taking into account the needs and the particular difficulties of the partner countries or regions concerned. The financial allocations may be given in the form of a range where necessary.
Amendment 144 #
2011/0413(COD)
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
4. Thematic Strategy Papers shall be approved and Multiannual Indicative Programmes shall be adopted by the Commission in accordance with the examination procedure referred to in Article 15 (3) of the Common Implementing Regulation. This procedure shall also apply to substantial reviews which have the effect of modifying significantly the strategy or its programming.
Amendment 154 #
2011/0413(COD)
Proposal for a regulation
Article 13 – paragraph 2
Article 13 – paragraph 2
In the period 2014 to 2020 at least 6570 percentage points of the financial envelope shall be allocated to measures falling under Article 3.
Amendment 131 #
2011/0386(COD)
Proposal for a regulation
Article 2 a (new)
Article 2 a (new)
Article 2a Regulation 1466/97 is amended as follows: In Article 2a, the first and the second paragraphs are replaced by the following: "Article 2a Each Member State shall have a differentiated medium- term objective for its budgetary position. These country- specific medium-term budgetary objectives may diverge from the requirement of a close to balance or in surplus position, while providing a safety margin with respect to the 3 % of GDP government deficit ratio. The medium-term budgetary objectives shall ensure the sustainability of public finances or a rapid progress towards such sustainability while allowing room for budgetary manoeuvre, considering in particular the need for public investment. Taking these factors into account, for participating Member States and for Member States that are participating in ERM2 the country-specific medium- term budgetary objectives shall be specified within a defined range between -0.5% of GDP and balance or surplus, in cyclically adjusted terms, net of 2/5 of gross fixed capital formation as defined in the European System of Integrated Economic Accounts and net of one-off and temporary measures. For participating Member States, where the ratio of the general government rate to gross domestic product at market prices is below 60% and where risks in terms of long-term sustainability of public finances are low, the country specific medium-term budgetary objectives shall be specified within a defined range between a lower limit of a structural deficit of -1% of GDP at market prices and balance or in surplus, in cyclically adjusted terms, net of 2/5 of gross fixed capital formation as defined in the European System of Integrated Economic Accounts and one- offs and temporary measures."
Amendment 258 #
2011/0386(COD)
Proposal for a regulation
Article 7 a (new)
Article 7 a (new)
Article 7 a Economic partnership programmes 1. Where the Council decides in accordance with Article 126(6) TFEU that an excessive deficit exists in a Member State, the Member State concerned shall present to the Commission and to the Council an economic partnership programme describing the policy measures and structural reforms that are needed to ensure an effectively durable correction of the excessive deficit, as a detailed development of the Stability Programmes and the national reform programmes. 2. The economic partnership programme shall be fully compatible with the policies referred to in Article 1. 3. In the event of a severe economic downturn, the economic partnership programme shall, following a proposal from the Commission, include a slower adjustment path towards the medium-term budgetary objective, taking into account, specifically pro-cyclical effects of consolidation measures, in accordance with Article 6(3) of Regulation (EC) No 1466/97 and the debt rule shall be coherently adjusted. 4. The economic partnership programme shall be presented at the same time as the reports provided for in Article 3(4a) and Article 5(1a) of Regulation (EC) No 1467/97. 5. The Council, acting by qualified majority on a proposal from the Commission, and with the consent of the European Parliament, shall adopt an opinion on the economic partnership programme. 6. A corrective action plan submitted by a Member State in accordance with Article 8(1) of Regulation (EU) No 1176/2011 shall be deemed to replace an economic partnership programme established under this Article. 7. The implementation of the programme, and the annual budgetary plans consistent with it, shall be monitored by the Commission and by the Council.
Amendment 96 #
2011/0385(COD)
Proposal for a regulation
Article 1 a (new)
Article 1 a (new)
Article 1a Regulation (EU) No 1466/97 shall be amended as follows: In Article 2a, the second paragraph is replaced by the following: "Taking these factors into account, for participating Member States and for Member States that are participating in ERM2 the country-specific medium- term budgetary objectives shall be specified within a defined range between -0,5 % of GDP and balance or surplus, in cyclically adjusted terms, net of 2/5 of gross fixed capital formation as defined in the European System of Integrated Economic Accounts and net of one-off and temporary measures. For participating Member States, where the ratio of the general government rate to gross domestic product at market prices is below 60% and where risks in terms of long term sustainability of public finances are low, the country specific medium-term budgetary objectives shall be specified within a defined range between a lower limit of a structural deficit of -1% of GDP at market prices and balance or in surplus, in cyclically adjusted terms, net of 2/5 of gross fixed capital formation as defined in the European System of Integrated Economic Accounts and one- offs and temporary measures."
Amendment 102 #
2011/0385(COD)
Proposal for a regulation
Article 2 – paragraph 1
Article 2 – paragraph 1
1. The Commission may decide to make, following an in-depth review as provided for in Article 5 of Regulation (EU) No 1176/2011 where it concluded that a Member State is experiencing or is threatened with severe difficulties with regard to its financial stability, to subject such Member State to enhanced surveillance. The Member State concerned shall be given the possibility to express its views beforehand. The Commission shall decide every six months whether to prolong the enhanced surveillanceinform the European Parliament and the Council of its decision and of the views expressed by the Member State concerned. Within one month of such communication, the European Parliament, acting by a majority of its component members, or the Council, by qualified majority, may decide to repeal that decision. The Commission shall decide every six months whether to prolong the enhanced surveillance. The European Parliament, acting by a majority of its component members or the Council, by qualified majority, may decide to repeal that decision within one month.
Amendment 137 #
2011/0385(COD)
Proposal for a regulation
Article 3 – paragraph 4
Article 3 – paragraph 4
4. The Commission shall conduct, in liaison with the ECB, regular review missions in the Member State under surveillance to verify the progresses made in the implementation of the measures mentioned in paragraph 1, 2 and 3. It shall communicate every quarter its findings to the Economic and Financial Committee (EFC) - or to any subcommittee the latter may designate for that purpose - as well as to the competent committee of the European Parliament - and assess notably whether further measures are needed. These review missions shall replace the onsite monitoring foreseen in Article 10a(2) of Regulation (EC) No 1467/97.
Amendment 142 #
2011/0385(COD)
Proposal for a regulation
Article 3 – paragraph 5
Article 3 – paragraph 5
5. Where it is concluded - on the basis of the assessment foreseen in paragraph 4 - that further measures are needed and the financial situation of the Member State concerned has significant adverse effects on the financial stability of the euro area, on a proposal from the Commission, the Council, acting by qualified majority on a proposal from the Commission, may recommend to the Member State concerned to seek financial assistance and to prepare a macro-economic adjustment programmeand with the consent of the European Parliament, may recommend to the EFSF or to the ESM to offer financial assistance, linked to appropriate conditionality, to the Member State concerned. The Council may decide tocan only make this recommendation public insofar as financial assistance is granted.
Amendment 154 #
2011/0385(COD)
Proposal for a regulation
Article 3 – paragraph 6 – point b a (new)
Article 3 – paragraph 6 – point b a (new)
(ba) the Commission shall inform in due time the relevant committee of the European Parliament on the content of the recommendation.
Amendment 158 #
2011/0385(COD)
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
A Member State wishing to obtain financial assistance from one or several other States, the EFSF, the ESM, the International Monetary Fund (IMF) or another institution outside of the Union framework shall immediately inform the Council, the Commission, the European Parliament and the ECB of its intention. The competent committee of the European Parliament together with the EFC, or any subcommittee the latter may designate for that purpose, shall hold a discussion on this envisaged request, after having received an assessment from the Commission.
Amendment 175 #
2011/0385(COD)
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. TOn a proposal from the Commission, the Council, acting by qualified majority on a proposal from the Commissionand with the consent of the European Parliament, shall approve the adjustment programme.
Amendment 183 #
2011/0385(COD)
Proposal for a regulation
Article 6 – paragraph 3
Article 6 – paragraph 3
3. The Commission, in liaison with the ECB, shall monitor the progress made in the implementation of the adjustment programme and inform every three months the competent committee of the European Parliament as well as the EFC or any subcommittee the latter may designate for that purpose. The Member State concerned shall give the Commission its full cooperation. It shall in particular provide to the Commission all the information that the latter deems necessary for the monitoring of the programme. Article 3(3) shall apply.
Amendment 191 #
2011/0385(COD)
Proposal for a regulation
Article 6 – paragraph 4
Article 6 – paragraph 4
4. The Commission - in liaison with the ECB - shall examine with the Member State concerned the changes that may be needed to its adjustment programme. TOn a proposal from the Commission, the Council, acting by a qualified majority on a proposal from the Commission,and with the consent of the European Parliament shall decide on any change to be made to the adjustment programme.
Amendment 205 #
2011/0385(COD)
Proposal for a regulation
Article 6 – paragraph 8 a (new)
Article 6 – paragraph 8 a (new)
8a. The relevant committee of the European Parliament may invite representatives of the Commission to participate to an exchange of views on the terms of the adjustment programme.
Amendment 224 #
2011/0385(COD)
Proposal for a regulation
Article 10 – paragraph 1
Article 10 – paragraph 1
The implementation of Regulation (EU) No XXX on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area shall be suspended for the Member States subject to a macro- economic adjustment programme approved by the Council in accordance with Article 6(2) of this Regulation. This suspension shall be applicable for the duration of the macro- economic adjustment programme.
Amendment 227 #
2011/0385(COD)
Proposal for a regulation
Article 10 a (new)
Article 10 a (new)
Article 10a Placement of a Member State under legal protection Where a Member State considers that it is at risk of failure to pay its financial commitments that Member State may request to the Commission to be placed under legal protection for a limited period of time to be determined by the Commission. On a proposal from the Commission, the Council, acting by qualified majority and with the consent of the European Parliament may grant such legal protection. A decision placing a Member State under legal protection shall have the following effects: - 'close-out netting' or 'credit event' provisions become inoperative, - the loan interest rates applied are maintained and new loans to the Member State, with the exception of financial assistance referred to in Article 1(1), are to be reimbursed as a priority, - the creditors of the Member State concerned make themselves known to the Commission within two months from the publication of the decision placing the Member State concerned under legal protection in the Official Journal of the European Union; failure to do so results in their debt being extinguished, - the authorities of the Member State concerned implement the measures recommended in the technical assistance provided for in Article 6(6) and submit to the Commission a recovery and debt settlement plan for approval.
Amendment 232 #
2011/0385(COD)
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
1. A Member State shall be under post- programme surveillance as long as a minimum of 75% of the financial assistance received from one or several other Member State(s), the EFSM, the EFSF or the ESM has not been repaid. The Co or unctil, acting on a qualified majority on a proposal from the Commission, the Member State has corrected its excessive deficit as provided in Council Regulation (EU) No 1177/2011. On a proposal from the Commission, the Council, acting by qualified majority and with the consent of the European Parliament may extend the duration of the post programme surveillance.
Amendment 236 #
2011/0385(COD)
Proposal for a regulation
Article 11 – paragraph 3
Article 11 – paragraph 3
3. The Commission shall conduct, in liaison with the ECB, regular review missions in the Member State under post programme surveillance to assess its economic, fiscal and financial situation. It shall communicate every semester its findings to the EFC or to any subcommittee the latter may designate for that purpose and to the competent committee of the European Parliament and assess notably whether corrective measures are needed.
Amendment 242 #
2011/0385(COD)
Proposal for a regulation
Article 11 – paragraph 4
Article 11 – paragraph 4
4. TOn a proposal from the Commission, the Council, acting by qualified majority on a proposal from the Commission,and with the consent of the European Parliament may recommend to the Member State under post programme surveillance to adopt corrective measures.
Amendment 193 #
2011/0361(COD)
Proposal for a regulation
Recital 32 a (new)
Recital 32 a (new)
(32a) With regard to all Union law, banks and other companies that have not solicited a rating or cannot rely on traded CDSs, cannot be subject to any assessment related automatically to ratings or to CDSs. This prohibition is valid whether the assessment is carried out for regulatory purposes or for business transactions. Any assessment of the risk of those entities shall be done according to methodologies validated by competent authorities.
Amendment 222 #
2011/0361(COD)
Proposal for a regulation
Article 1 – point 6
Article 1 – point 6
Regulation (EC) No 1060/2009
Article 5b – paragraph 2 a (new)
Article 5b – paragraph 2 a (new)
EBA shall review the use of credit ratings in the weighting system for banking exposures and capital requirements regulations. During its review, EBA may consult the ESRB. Following its review, EBA shall send a report to the European Parliament and to the Council and, where appropriate, a proposal for reform. In its report, EBA shall take into account the impact of the current regime and the possible reform on the diversity of business models, corporate governance models, and the size of institutions in the European banking system.
Amendment 1331 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 86 – paragraph 1 – point 3 bis (new)
Part 3 – article 86 – paragraph 1 – point 3 bis (new)
3a) Public or equivalent structural expenditure supported by the public administration by way of co-financing of investments activated as part of CSF funding will be deducted from the calculation of structural deficit in the definition of the specific medium-term objectives for the country within the framework of EU Regulation 1466/97, and will equally be deducted in the assessment of compliance with the preventive arm of the Stability and Growth Pact, within the framework of EU Regulation 1467/97.
Amendment 43 #
2010/2299(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Underlines that the duty of consistency as defined by the Treaty, the new wording of Article 40 TEU (which states that the implementation of both the CFSP and the other EU policies shall not affect the application of the respective procedures), and recent ECJ case law (see the SALW case) protect both the primacy of the Community method and the distinguishing features and prerogatives of the CFSP, while encouraging the convergence of different policies, instruments, resources, and legal bases in a holistic, comprehensive approach, whereby security becomes a cross-cutting objective of EU external and internal action and the CSDP is one of its instruments; in this context, notes that civilian and military assets can be deployed in support to civilian actions in situations other than CSDP missions, as has been shown in practice by the EU Military Staff coordination of military capabilities during the Pakistan floods in summer 2010 in accordance with the applicable UN Guidelines on the use of Military and Civil Defence Assets in international disaster relief (Oslo Guidelines) and following the request by the Commission;
Amendment 85 #
2010/2299(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Deplores the fact that the provisional organisation chart of the EEAS does not include the ‘appropriate structure’ which, under the Madrid accords, is to integrate the various units dealing with crisis response planning and programming, conflict prevention, and peace-building with the CSDP structures; calls for a crisis management board to be set up, to be staffed by the CMPD, the CCPC, the EUMS, the EU SITCEN, the peace- building, conflict prevention, mediation, and security policy units, the Chair of the PSC, the geographical desks and other policy departments concerned, according to the circumstances, and the Commission humanitarian aid and civil protection structures, placed under the authority of the HR and the executive Secretary- General, and coordinated by the Managing Director for Crisis Response; the Commission humanitarian aid and civil protection structures should be invited to be associated to the board as appropriate; calls on the High Representative and the Commission to equip the board with an efficient alert and emergency system and a large unified operations room, located within the EEAS, so as to enable surveillance to be carried out 24 hours a day, 7 days a week, hence avoiding the present operational overlapping (seven operations rooms), which hardly squares with the need for a proper surveillance and rapid reaction system to deal with crises; regular coordination and exchange should be ensured between this system and the European Emergency Response Centre currently being developed by the Commission to guarantee appropriate synergies while respecting each other competencies;
Amendment 95 #
2010/2299(INI)
Motion for a resolution
Paragraph 20 – point c
Paragraph 20 – point c
(c) supports the projected sestablishment of a Shared sServices cCentre for the management of CSDP missions, that is to say, an interinstitutional office combinprising the Commission's Unit 3 (CFSP Operations of the Foreign Policy Instruments – formerly Relex/A3) and the CPCC Mission support Unit; notes that by relieving the heads of missions from administrative duties, the new office wouldthe new Service, by addressing the personnel, logistics, procurement, and financial responsibilities of the civilian CSDP missions (which would acquire legal personality) with a view toand by relieving the Head of Mission from part of their administrative duties, would guaranteeing greater efficiency both by pooling administrative functions, starting with the selection and recruitment of personnel, and by centralising procurement and equipment management;
Amendment 194 #
2010/2299(INI)
Motion for a resolution
Paragraph 44 a (new)
Paragraph 44 a (new)
44a. Considers that the setting up of EU regulatory measures including a comprehensive normative system for the establishment, registration, licensing, monitoring and reporting on violations of applicable law by private military and security (PMS) companies - both at internal and external level – is necessary;
Amendment 195 #
2010/2299(INI)
Motion for a resolution
Paragraph 44 b (new)
Paragraph 44 b (new)
44b. Calls therefore on the Commission and the Council to initiate appropriate actions: - for the internal level, the drafting of a Recommendation paving the way for a Directive aimed at harmonizing national measures regulating PMSC services, including service providers and the procurement of services; - for the external level, the drafting of a Code of Conduct paving the way for a Decision regulating the export of PMSC services to third states to the extent not covered by the above mentioned Directive;
Amendment 228 #
2010/2299(INI)
Motion for a resolution
Paragraph 56
Paragraph 56
56. Welcomes the ongoing revision of the existing CSDP concepts; notes in particular that the rule of law will be considered as an overarching concept covering police, justice, civilian administration, customs, border monitoring, and other relevant areas of use to planners and experts on the ground in setting up and conducting missions with strengthening and/or substitution (executive) tasks; endorses the work being done to develop the concept of CSDP justice missions, while observing that needless overlapping with possible Community programmes has to be avoided; doubts whether the kinds of tasks carried out to date in the EUJUST LEX - Iraq mission conform to the characteristics of a CSDP mission;
Amendment 237 #
2010/2299(INI)
Motion for a resolution
Paragraph 60 – indent 1
Paragraph 60 – indent 1
EUPOL Afghanistan is having very littlean insufficient impact because there is no clear strategy and the mission is inevitably being absorbed into the US AFPAK strategy;
Amendment 240 #
2010/2299(INI)
Motion for a resolution
Paragraph 60 – indent 3
Paragraph 60 – indent 3
EUBAM Rafah and EUPOL COPPS have not, which is widely recognised and accepted as the key international expert interlocutor on policing issues in the Palestinian territories, have not been in a position to significantly affected developments in the conflict, because they are not based on any clear cut political and diplomatic strategy, which, however, needs to be sought in order to pave the way for a renewed commitment in the Palestinian territories;
Amendment 247 #
2010/2299(INI)
Motion for a resolution
Paragraph 61 – indent 1
Paragraph 61 – indent 1
– between missions operating in the same theatre, so as to avoid inconsistencies and overlapping of forces of the kind that occurred in the past, for example, in Bosnia- Herzegovina because of the divergences in the mandates of EUFOR Althea and the EUPM mission to combat organised crime;
Amendment 273 #
2010/2299(INI)
Motion for a resolution
Paragraph 74
Paragraph 74
74. Recognises that NATO still constitutes the bedrockfoundation of collective defence for those Member States which belong to it; welcomes France's return to the integrated command structure of the Atlantic Alliance and considers that this should help to dispel any resistance to the development of a common defence policy at EU level;
Amendment 5 #
2010/2277(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the Commission and Member States to acknowledge the diversity of business models in Europe when drafting legislation; stresses in particular the importance of social economy businesses, whose model is not based on size or on area of activity, but rather on respect for common values, as reflected in the involvement of social stakeholders, the primacy of the individual and social objectives over capital, the safeguarding and implementation of the principles of solidarity and responsibility, the reconciliation of the interests of users with the general interest, voluntary and open membership and mobilisation of the bulk of surpluses in pursuit of the aims of sustainable development and the provision of services to members, while acting in the general interest;
Amendment 60 #
2010/2124(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Recalls the VP/HR's statement to Parliament of 8 July 2010 on the basic organisation of the EEAS central administration, in which she committed herself to creating an appropriate structure for crisis management and peace building, in which the relevant units from the Commission transferred to the EEAS and dealing with planning and programming of crises response, conflict prevention and peace building, and the CSDP structures, would work in close cooperation and synergy, both under her direct responsibility and authority; recalls further that, in her letter of 7 September 2010 to the Committee on Foreign Affairs, the VP/HR stated her intention to create a dedicated crisis response and peace building department that would stand on an equal footing with other crisis management departments, such as the Crisis Management and Planning Directorate, the Civilian Planning and Conduct Capability, and the Military Staff, and would inter alia be tasked with the preparation of crisis response actions under the Stability Instrument; expects the VP/HR to swiftly implement these commitments; believes that, in order to provide the Union with effective, efficient and coherent crisis management and peace building structures, the different departments mentioned above should be brought together under a single Managing Director and a crisis management board should be established within the EEAS;
Amendment 63 #
2010/2124(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Reiterates its position that, in accordance with Article 218(6) of the TFEU, opinion/consent of the European Parliament is required for all international agreements including those related mainly to CFSP, with the only exception of those related exclusively to CFSP; in accordance with Article 218(10) of the TFEU, full information must be provided to Parliament at the initial, negotiating and final stages of the procedure leading to the conclusion of international agreements; expects the VP/HR to provide all relevant information about the negotiations throughout the procedure, including negotiating directives and draft negotiating texts, and recalls that in the declaration on political accountability the VP/HR committed herself to applying the provisions of the Framework Agreement on international agreements with regard to confidential CFSP documents; calls for the establishment of an efficient modus operandi that combines respect for Parliament's prerogatives with the necessary degree of confidentiality; believes that a comprehensive agreement involving all the institutions and covering all EU bodies is required in order to regulate access to confidential documents by Members of Parliament;
Amendment 13 #
2010/2073(INI)
Draft Interinstitutional Agreement
Point 18 – paragraph 1
Point 18 – paragraph 1
18. As regards CFSP expenditure which is charged to the general budget of the European Union in accordance with Article 41 of the Treaty on European Union, the institutions will endeavour, in the cConciliation cCommittee, and on the basis of the draft budget established by the Commission, to secure agreement each year on the amount of the administrative and operating expenditure to be charged to the budget of the European Union and on the distribution of this amount between the articles of the CFSP budget chapter suggested in the fourth paragraph of this Point. In the absence of agreement, it is understood that the European Parliament and the Council will enter in the budget the amount contained in the previous budget or the amount proposed in the draft budget, whichever is the lower.
Amendment 15 #
2010/2073(INI)
Draft Interinstitutional Agreement
Point 18 – paragraph 2
Point 18 – paragraph 2
The total amount of administrative and operating CFSP expenditure will be distributed between the articles of the CFSP budget chapter as suggested in the fourth paragraph of this Point. Each article will cover instruments already adopted, instruments which are foreseen butexpenditure of the major missions in specific items, instruments which are provided for and require consultation with the European Parliament but have not yet been adopted and all future – that is unforeseen – instrumentsinstruments – that is, not provided for – to be adopted by the Council during the financial year concerned.
Amendment 20 #
2010/2073(INI)
Draft Interinstitutional Agreement
Point 19 – paragraph 1
Point 19 – paragraph 1
19. Each year, the High Representative of the Union for Foreign Affairs and Security Policy will consult the European Parliament on a forward-looking document, which will be transmitted by June 15 for the year in question, setting out the main aspects and basic choices of the CFSP, including the financial implications for the general budget of the European Union and an evaluation of the measures launched in the year n-1, their complementarity with EP resolutions and an evaluation of the coordination of the CFSP with other external policies of the European Union and an assessment of the further perspectives of the CFSP. The High Representative of the Union for Foreign Affairs and Security Policy will also address in this document the actions conducted under the CFSP, including those relating to the common security and defence policy, whose expenditure is not charged to the Union budget, and the implementation and the management of the start-up fund provided for in Article 41 TEU. Furthermore, the High Representative of the Union for Foreign Affairs and Security Policy will keep the European Parliament informed by holdingregularly informed and take its views duly into consideration including by means of joint consultation meetings to be held at least five times a year, in the framework of the regular political dialogue on the CFSP, to be agreed at the latest in the Conciliation committeeCommittee. Either party in the joint consultation meetings should be able to call for additional meetings should the need arise. The joint consultation meetings will also aim at assessing the lessons learnt from CSDP missions, their successes and shortfalls, and help develop a strategic approach to future needs, including financial ones. In order to ensure the effective preparation of joint consultation meetings, the European Parliament will receive all relevant information, including the agendas, in advance of all PSC meetings, as well as written summaries of the main items discussed. Participation in these meetings shall be as follows: – European Parliament: the enlarged bureaux of the two Committees concernedCommittee on Foreign Affairs and the Committee on Budgets, and relevant rapporteurs – Council: Tthe permanent Chairman of the Political and Security Committee on behalf of the High Representative of the Union for Foreign Affairs and Security Policy, senior officials of the European External Action Service and Heads of CSDP Mission and Operation, whenever relevant. The Commission will be invited to participate at these meetings.
Amendment 63 #
2010/2050(INI)
Motion for a resolution
Recital G
Recital G
G. whereas there has been a remarkable deepening of relations between Iran and Turkey, and whereas Iran is using 's relations witsh states and non-state allies Syria, Hezbollah and Hamas, to destabilisectors give it special responsibilities in the region,
Amendment 72 #
2010/2050(INI)
Motion for a resolution
Recital H a (new)
Recital H a (new)
Ha. whereas Article IV of the NPT notes the inalienable right of all Parties to that Treaty to develop research, production and use of nuclear energy for peaceful civilian purposes without discrimination and in conformity with Articles I and II of that Treaty,
Amendment 217 #
2010/2050(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Welcomes the positive attitude of Iran towards the possibility of restarting negotiations with the 5+1 group on the nuclear dossier, following the statement made by the HR/VP on this issue; nevertheless expects Iran to meet its obligations and return to the negotiating table and to guarantee full cooperation with the IAEA;
Amendment 224 #
2010/2050(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Supports the European Council’s twin-track approach aimed at finding a negotiated solution to the nuclear stand-off and commends it on its new Common Position of 26 July 2010 introducing new and far-reaching targeted autonomous measures applicable to Iran;
Amendment 227 #
2010/2050(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Points out the important role that Iran could play on a regional level, and welcomes the decision made by the Iranian Government to take part in the high-level peace talks on Afghanistan;
Amendment 272 #
2010/2050(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Expresses its concerns on the remarkable deepening of relations between Iran and EU accession candidate Turkey; asks the Council and the Commission to discuss the Turkish attitude towards Iran with their counterparts in Ankara; calls on the Turkish authorities to follow the European approach towards the Iranian nuclear threat; calls on the EU institutions to do their utmost to sever the lines between Teheran and Syria, Hezbollah and HamasInvites the Turkish authorities to cooperate to strengthen the European approach towards the Iranian nuclear programme;
Amendment 95 #
2010/2004(BUD)
Motion for a resolution
Paragraph 40
Paragraph 40
40. Recalls the constant, almost unbearable pressure on the financing of the EU’s activities as a global player, with its room for manoeuvre caught between low financial margins, unpredictable crises in third countries and an ever-growing desire to affirm its priorities on the world stage; underlines that according to the updated financial programming published by the Commission, the CFSP budget for 2011 would amount to EUR 327,374 million but believes that amount might prove insufficient given the decision recently taken or due to be taken in relation to CFSP; underlines that any increase beyond that figure would put further pressure on heading 4;
Amendment 99 #
2010/2004(BUD)
Motion for a resolution
Paragraph 41
Paragraph 41
41. Points out that, following an amending budget for 2010, 2011 will be the first fully operational year for the European External Action Service (EEAS); intends to provide the EEAS with the necessary means to fulfil its mission, but recalls that, under the treaty and in full accordance with the common intention to increase the EP’s involvement in the shaping and management of the EU’s external relations, it will fully exercise its scrutiny over the budget and budgetary control of EEAS; underlines the likely "sui generis" nature of the EEAS, which will probably entail the creation of a new section entitled "EEAS" in the EU budget;
Amendment 104 #
2010/2004(BUD)
Motion for a resolution
Paragraph 43
Paragraph 43
43. Reaffirms its firm commitment to assist the Haitian people to the largest possible extent in the aftermath of the devastating earthquake that has struck their country; asks the Commission to present, on the basis of an extensive needs assessment, the most ambitious assistance plan possible for Haiti; recalls that such a plan should not jeopardise existing cooperation with other developing and less advanced countries, and should consist mainly of new funding sources; in that context, calls once more the Commission to make some concrete proposals on the strengthening of the European Civil Protection mechanism along the lines put forward in the 2006 Barnier report;
Amendment 109 #
2010/2004(BUD)
Motion for a resolution
Paragraph 45
Paragraph 45
45. Emphasises that the Eastern Partnership, as a component of its neighbourhood policy, is of great significance for the EU, and reiterates its support for the proposed framework; considers it equally important to ensure an adequate financial envelope reflecting the EU's commitment vis-à-vis its southern neighbours;
Amendment 120 #
2010/2002(BUD)
Motion for a resolution
Paragraph 46 a new
Paragraph 46 a new
Amendment 122 #
2010/2002(BUD)
Motion for a resolution
Paragraph 47
Paragraph 47
47. Is extremely worried by the proposed decrease of more than 32% for CA for financial assistance to Palestine, the peace process and UNRWA; considers that the Commission's statement on "the exceptionally high allocations of previous years [that] cannot be maintained without jeopardising the funding for other countries in the region" reinforces the urgent need for a substantial revision of financing capacities under heading 4, and should not lead to a decreased financial assistance which is vital for the Palestinian people, the Palestinian Authority, and UNRWA; reiterates its support for the Palestinian Authority in reinforcing its institutional capacities, which is essential to set up an independent and viable, democratic Palestinian State in the context of the peace process and the achievement of the two-state solution;
Amendment 131 #
2010/2002(BUD)
Motion for a resolution
Paragraph 51 a new
Paragraph 51 a new
51a. Reiterates its intention to provide the European External Action Service with the necessary administrative means to fulfil its mission; points in particular to the need to ensure that EU Delegations to multilateral organisations are adequately staffed in order to cope with the onerous additional tasks resulting from the fact that they take over the role of rotating Presidency of the Council; underlines however that the allocation of new resources for the inclusion of personnel originating in the diplomatic services of the Member States and the costs for the necessary infrastructure should be linked to an appropriate increase of the EU budget related to external action;
Amendment 135 #
2010/2002(BUD)
Motion for a resolution
Paragraph 51 b new
Paragraph 51 b new
51b. Welcomes the proposal to amend the regulation creating an instrument for industrialised countries but resolutely opposes its being financed with appropriations programmed for use under the Development Cooperation Instrument; stresses that funds earmarked for development cooperation must target poverty alleviation; is extremely dissatisfied that of the EUR 70,6 million total appropriations earmarked for this new instrument in the draft budget, EUR 45 million are taken from the Development Cooperation Instrument;
Amendment 142 #
2010/2002(BUD)
Motion for a resolution
Paragraph 52 b new
Paragraph 52 b new
52a. Recalls the EU political commitment to dedicate 2 billion euros per year (1 billion from the EU BUDGET and 1 billion from the Member States) to Trade Related Assistance (TRA), requests the Commission to submit to the Parliament an annual report on the funds dedicated to TRA in particular as well as Aid for Trade (AfT) in general; this report should specify what are the exact sources of funding ( per EU multi annual programs as well as trough EDF) , broken down by country, region and category of assistance; requests that the report also contains specific information on the history of the measures financed, the involvement of the relevant partners, and the implementation of the pledges;
Amendment 144 #
2010/2002(BUD)
Motion for a resolution
Paragraph 52 c new
Paragraph 52 c new
52c. Takes note of the proposed increase in the Draft Budget 2011 compared to Budget 2010 on the Macro Financial Assistance budget line (01 03 02); recalls that the mobilisation of this instrument for each third country falls under the ordinary legislative procedure and requests the Commission to provide further explanation on its proposed increase;
Amendment 4 #
2010/2001(BUD)
Draft opinion
Paragraph 2
Paragraph 2
2. Understands that, at times of economic difficulties and budgetary restraint, efforts need to be made to identify possible savings, across all headings, and is ready to support targeted cuts in EU expenditure in order to create the budgetary margin required for pressing political priorities; insists therefore that savings must not be made at the cost of key EU foreign policy priorities, nor of the engagements already made, jeopardising stability and prosperity in the EU neighbourhood and beyond and also undermining the EU's credibility as a global actor;
Amendment 7 #
2010/2001(BUD)
Draft opinion
Paragraph 6
Paragraph 6
6. Points out that the new budgetary procedure introduced by the Lisbon Treaty fully applies to the CFSP budget, and looks forward to cooperating with the High Representative/Vice President on increasing – in line with the commitment given by her vis-à-vis Parliament in the context of negotiations on the establishment of the EEAS – the transparency ofin this budget, including via the establishment of specific budget lines for major CSDP missions;
Amendment 6 #
2010/0821(NLE)
Motion for a resolution
Recital E
Recital E
E. whereas the possibility of future participation by the Union institutions in the mechanism should be fully ensured and permanently safeguarded and a link should be established for the possible intervention of the European budget in the guarantee system;
Amendment 8 #
2010/0821(NLE)
Motion for a resolution
Recital F
Recital F
F. whereas all possibilities should be explored with a view to bringing the mechanism fully into the institutional framework of the Union in future and providing for the involvement in it of those Member States whose currency is not the euro; whereas this may include recourse to Article 20 TEU on enhanced cooperation, where this is appropriate in order to ensure the consistency of the Union’s economic policy;
Amendment 12 #
2010/0821(NLE)
Motion for a resolution
Recital G
Recital G
G. whereas the rules governing the stability mechanism should preferably be worked out by the Commission;
Amendment 20 #
2010/0821(NLE)
Motion for a resolution
Recital K
Recital K
K. whereas the above-mentioned principles are implemented by the amendments to the draft European Council decision as proposed in the opinion delivered by the Committee on Economic Affairs draw inspiration from the above-mentioned principles;
Amendment 26 #
2010/0821(NLE)
Motion for a resolution
Recital M
Recital M
Amendment 31 #
2010/0821(NLE)
Motion for a resolution
Recital O
Recital O
O. whereas any increase or decrease inof the Union competences would require an ordinary revision procedure;
Amendment 32 #
2010/0821(NLE)
Motion for a resolution
Recital P
Recital P
Amendment 38 #
2010/0821(NLE)
Motion for a resolution
Recital R (new)
Recital R (new)
R. whereas, pending the completion of the revision procedure, the stability of the euro might be affected by a long period of uncertainty as to the actual establishment of a European stability mechanism and by possible adverse reactions in any of the Member States;
Amendment 46 #
2010/0821(NLE)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the European stability mechanism constitutes an integral part of a global package of measures which are designed to define a new framework, reinforcing budgetary discipline and coordination of economic and financial policies of the Member States and promoting a joint European response to debt and growth challenges, concomitantly overcoming economic and social imbalances and improving competitivity;
Amendment 49 #
2010/0821(NLE)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Considers that it is essential to go beyond the temporary measures aiming at stabilising the euro area, and that the Union should build up its economic governance, including by means of policies and instruments designed to promote sustainable growth in Member States; takes the view that the reinforcement of the SGP, the European semester, the EU 2020 strategy and the amendment of Article136 TFUEU concerning the stability mechanism are only a first step in that direction;
Amendment 53 #
2010/0821(NLE)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is deeply concerned by the intention of Heads of States and Governments to establish the permanent sa European Stability mMechanism (ESM) outside the EU institutional framework, with the consequence that the Union institutions will not be fully involved; considers that the Commission must be a full member of this Mechanism, and not simply an observer; considers, moreover, that in this context the Commission should be entitled to take the appropriate initiatives in order to achieve, with the consent of the Member States concerned, the objectives of the ESM; underlines that Member States must at any rate respect Union law and the prerogatives of the institutions laid down therein;
Amendment 65 #
2010/0821(NLE)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Considers that the setting-up and functioning of the permanent stability mechanism should be brought as close as possible to the European Union framework, also making use, by analogy, of the institutional patterns of an enhanced cooperation under Article 20 TEU as a means of involving the Union institutions at a preliminary stage and reassuring those Member States whose currency is not yet the euro;
Amendment 78 #
2010/0821(NLE)
Motion for a resolution
Paragraph 9 – point a
Paragraph 9 – point a
(a) a redrafting of the European Council draft decision as proposed in the amendments annexed hereto1, it being understood that, by shifting the proposed provision from Article 136(3) to Article 136(1) TFEU, the permanent stability mechanism, notwithstanding its initial intergovernmental characterorigin, would be placed in a perspective of possible future incorporation into the framework of the Union, e.g. in the form of a special kind offic agency, making use of all the institutional patterns of enhanced cooperatthe Union;
Amendment 83 #
Amendment 86 #
2010/0821(NLE)
Motion for a resolution
Paragraph 9 – point b – introductory wording
Paragraph 9 – point b – introductory wording
(b) a clear declarationcommitment by the European Council ensuring that:
Amendment 94 #
2010/0821(NLE)
Motion for a resolution
Paragraph 9 – point b – indent 2
Paragraph 9 – point b – indent 2
– the European Commission will carry out all the necessary tasks in implementing and monitoring the permanent mechanism and in assessing the financial situation of all the Member States whose currency is the euro, regularly reporting back to the European Parliament;
Amendment 100 #
2010/0821(NLE)
Motion for a resolution
Paragraph 9 – point b – indent 3 a (new)
Paragraph 9 – point b – indent 3 a (new)
– no Member State whose currency is the euro and which has contributed to the permanent stability mechanism should be excluded from accessing it on the grounds of its size;
Amendment 107 #
2010/0821(NLE)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Recalls that the future stability mechanism should as far as possible make use of the Union institutions, for example as regards the carrying-out of administrative tasks, since this would avoid the setting-up of double structures which in the long term would prove detrimental to European integration;
Amendment 110 #
2010/0821(NLE)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Demands that the lending conditions to be applied for the repayment of funds to the permanent stability mechanism in the event of its being activated be similar to those applied to the Balance-of- Payments Facility (BoP) and Macro- financial Assistance (MFA) instruments used by the European Commission, i.e. strictly back-to-back without a margin over borrowing costs; furthermore considers that the interest rates to be used by the permanent stability mechanism should be offered on favourable terms;
Amendment 111 #
2010/0821(NLE)
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10b. States that the permanent stability mechanism needs to have a range of financial instruments at its disposal, including the ability to purchase the bonds of a Member State facing severe debt problems on both the primary and secondary markets in order to facilitate that Member State's access to financial markets;
Amendment 119 #
2010/0821(NLE)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Is confident that, should the European Council depart in its decision from Parliament’s opinion, it will state its reasons for so doing;
Amendment 124 #
2010/0821(NLE)
Draft Decision
Article 1
Article 1
The following subparagraph shall bs are added to Article 136 of the Treaty on the Functioning of the European Union: “3. T(1) TFEU: “On a recommendation from the Commission and after consulting the European Parliament, the Council may authorise the Member States whose currency is the euro mayto establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionalitydecided on the basis of a Commission proposal and be made subject to strict conditionality criteria in accordance with the principles and objectives of the Union. The European Parliament and the Council shall lay down the principles and general conditions for conditionality of financial assistance under the mechanism and its control, in accordance with the procedure referred to in Article 121(6).”.
Amendment 125 #
2010/0821(NLE)
Draft decision
Article 1
Article 1
The following subparagraph shall bs are added to Article 136 of the Treaty on the Functioning of(1) TFEU: “On a recommendation from the Commission and after consulting the European Union: “3. TParliament, the Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionalitydecided on the basis of a European Commission proposal and be made subject to strict conditionality criteria in accordance with the principles and objectives of the Union. The European Parliament and the Council shall lay down the principles and general conditions for conditionality of financial assistance under the mechanism and its control, in accordance with the procedure referred to in Article 121(6).”.
Amendment 24 #
2010/0395(COD)
Proposal for a regulation
Article 53 – subparagraph 4 a (new)
Article 53 – subparagraph 4 a (new)
In Delegations outside the Union, the EEAS may delegate in exceptional circumstances on a temporary basis, under the supervision of the Head of Delegation, its powers of budget implementation concerning the administrative appropriations of its own section to agents of the Commission in order to ensure the continuity of operations in the Union’s Delegations.
Amendment 28 #
2010/0395(COD)
Proposal for a regulation
Article 55 -paragraph 1 – subparagraph a
Article 55 -paragraph 1 – subparagraph a
(a) by its departments, by Union Delegations in accordance with the second paragraph of Article 53, or through executive agencies referred to in Article 59the Heads of Delegation acting as subdelegated authorising officers of the Commission in accordance with the second paragraph of Article 53, or by its staff in the Union delegations under the supervision of the respective Head of Delegation;
Amendment 35 #
2010/0395(COD)
Proposal for a regulation
Article 83 – paragraph 1
Article 83 – paragraph 1
1. INotwithstanding Article 82, in respect of any measure which may give rise to expenditure chargeable to the budget, the authorising officer responsible must first make a budgetary commitment before entering into a legal obligation with third parties or transferring funds to a trust fund on the basis of Article 178. However, in case of humanitarian aid operations, civil protection operations and crisis management operations, and when justified by the urgency of the circumstances, the registration of the amounts may be done immediately after the signature of the corresponding individual legal commitment.
Amendment 21 #
2010/0171(COD)
Draft legislative resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that the proposal should be compatible with the ceiling of heading 5 of the Multiannual Financial Framework; recalls however that any unforeseen appropriations necessary for implementing the proposed regulation should be decided in the annual budgetary procedure;
Amendment 25 #
2010/0171(COD)
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3a) The Head of Delegation shall have authority over all staff in the delegation, whatever their status, and for all its activities. He shall be accountable to the High Representative for the overall management of the work of the delegation and for ensuring the coordination of all actions of the Union. Where Heads of Delegations act as authorising officers by sub-delegation in accordance with the second paragraph of Article 51, they shall be subject to the Commission as the institution responsible for the definition, exercise, control and appraisal of their duties and responsibilities as authorising officers by sub-delegation. Officials working in a Union delegation shall take instructions from the Head of Delegation on the implementation of the Union budget.
Amendment 28 #
2010/0171(COD)
Proposal for a regulation
Article 1 – point 9
Article 1 – point 9
Staff Regulations of Officials of the European Communities
Title VIIIa – Article 96 – paragraph 1 a (new)
Title VIIIa – Article 96 – paragraph 1 a (new)
The Head of Delegation shall have authority over all staff in the delegation, whatever their status, and for all its activities. He shall be accountable to the High Representative for the overall management of the work of the delegation and for ensuring the coordination of all actions of the Union. Where Heads of Delegations act as authorising officers by sub-delegation in accordance with the second paragraph of Article 51, they shall be subject to the Commission as the institution responsible for the definition, exercise, control and appraisal of their duties and responsibilities as authorising officers by sub-delegation. Officials working in a Union delegation shall take instructions from the Head of Delegation on the implementation of the Union budget.
Amendment 190 #
2010/0074(COD)
Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 1 a (new)
Article 11 – paragraph 2 – subparagraph 1 a (new)
The European Parliament shall organise a public hearing, if possible during the first month after the submission of the initiative to the Commission, at which the organisers shall have the opportunity to explain in detail the matters raised by the initiative. To that end, the Commission shall cooperate with the European Parliament and ensure appropriate representation at the hearing.
Amendment 15 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 5
Recital 5
(5) It is necessary to ensure the continuity of the functioning of Union Delegations and in particular the continuity and efficiency in the management of external aid by the Delegations. Therefore the Commission should be authorised to subdelegate its powers of budget implementation of operational expenditure to Heads of Union Delegations belonging to EEAS as a separate institution. Furthermore, where the Commission implements the budget under direct centralised management, it should be allowed to do so also through sub- delegation to Heads of Union Delegations. The authorising officers by delegation of the Commission should continue to be responsible for the definition of internal management and control systems, while the Heads of Union Delegations should be responsible for the adequate set up and functioning of internal management and control systems and for the management of the funds and the operations carried out within their Delegations and they should report twice a year to that effect. The Commission shall have the right to withdraw specific subdelegations in accordance with its own rules.
Amendment 16 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 - point 4 a (new)
Article 1 - point 4 a (new)
Regulation (EC, Euratom) No 1605/2002
Article 31 - paragraph 1 a (new)
Article 31 - paragraph 1 a (new)
(4a) The following paragraph is inserted in Article 31: "The European External Action Service shall draw up an estimate of its revenue and expenditure, which it shall send to the Commission before 1 July each year. The High Representative will hold consultations with the Commissioner for Development Policy, the Commissioner for Neighbourhood Policy and the Commissioner for International Cooperation, Humanitarian Aid and Crisis Response regarding their respective responsibility."
Amendment 17 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 - point 4 b (new)
Article 1 - point 4 b (new)
Regulation (EC, Euratom) No 1605/2002
Article 33 - paragraph 2 - point d a (new)
Article 33 - paragraph 2 - point d a (new)
Amendment 18 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 - point 4 c (new)
Article 1 - point 4 c (new)
Regulation (EC, Euratom) No 1605/2002
Article 46 - paragraph 1 - point 5 a (new)
Article 46 - paragraph 1 - point 5 a (new)
(4c) The following point is added in Article 46(1): (5a) The total amount of operating CFSP expenditure shall be entered entirely in one budget chapter, entitled CFSP. The total amount of CFSP expenditure shall be distributed between the Articles of the CFSP budget chapter. Those Articles shall contain items which are to cover the CFSP expenditure of at least the major missions.
Amendment 19 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 - point 6
Article 1 - point 6
Regulation (EC, Euratom) No 1605/2002
Article 51 - paragraph 2 a (new)
Article 51 - paragraph 2 a (new)
The Commission shall have the right to withdraw specific subdelegations in accordance with its own rules.
Amendment 20 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 - point 8
Article 1 - point 8
Regulation (EC, Euratom) No 1605/2002
Article 59 - paragraph 5
Article 59 - paragraph 5
"5. Where Heads of Union Delegations act as authorising officers by sub-delegation in accordance with the second paragraph of Article 51, they shall refer, where their duties as authorising officer so require, to the Commission as their institube subject to the Commission as the institution responsible for the definition, exercise, control and appraisal of their duties and responsibilities as authorising officers by sub-delegation."
Amendment 22 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 - point 11 - point b
Article 1 - point 11 - point b
Regulation (EC, Euratom) No 1605/2002
Article 66 - paragraph 5 - subparagraph 3 a (new)
Article 66 - paragraph 5 - subparagraph 3 a (new)
This shall apply mutatis mutandis to the authorities of a Member State for temporary agents and seconded national experts. The Member State of origin shall be liable for all sums not recovered within three years after a decision on liability has been taken.
Amendment 32 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 1
Recital 1
(1) Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities (hereinafter the Financial Regulation), lays down the budgetary principles and financial rules which should be respected in all legislative acts. It is necessary to amend certain provisions of the Financial Regulation in order to take account of the amendments introduced by the Treaty of Lisbon and of the establishment of the European External Action Service.
Amendment 34 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 2
Recital 2
(2) The Treaty of Lisbon establishes a European External Action Service (hereinafter “EEAS”). According to the conclusions of the European Council of 29 and 30 October 2009Council Decision 2010/427/EU of 26 July 2010 establishing the organisation and functioning of the European External Action Service1, the EEAS is a service of a sui generis nature and shouldis to be treated as an institution for the purposes of the Financial Regulation. ___________________ 1 OJ L 201, 3.8.2010, p.30.
Amendment 36 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 3
Recital 3
(3) Given that the EEAS should be treated as an institution for the purposes of the Financial Regulation, the European Parliament is to grant discharge to the EEAS for the implementation of the appropriations voted in the EEAS section of the Budget. In this context, the EEAS shall be fully subject to the procedures provided for in Article 319 of the Treaty on the Functioning of the European Union and in Articles 145 to 147 of the Financial Regulation. The EEAS shall fully cooperate with institutions involved in the discharge procedure and provide, as appropriate, the additional necessary information, including through attendance in meetings of the relevant bodies. The European Parliament should also continue to grant discharge to the Commission for the implementation of Commission’s section of the Budget, including operational appropriations implemented by Heads of Delegations who are sub-delegated authorising officers of the Commission. Given the complexity of this structure, high-standard provisions on traceability and budgetary and financial accountability need to be applied.
Amendment 38 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 4
Recital 4
(4) The Lisbon Treaty foresees that Commission Delegations become part of the EEAS as Union Delegations. In order to ensure their efficient management, all administrative and support expenditure of Union Delegations which finance common costs should be executed by a single support service. To that effect, the Financial Regulation should foresee the possibility for detailed rules, to be agreed with the Commission, in order to facilitate the implementation of the Union Delegations’ operating appropriations entered in the EEAS and the Council sections of the Budget.
Amendment 41 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 5
Recital 5
(5) It is necessary to ensure the continuity of the functioning of Union Delegations and in particular the continuity and efficiency in the management of external aid by the Delegations. Therefore the Commission should be authorised to subdelegate its powers of budget implementation of operational expenditure to Heads of Union Delegations belonging to EEAS as a separate institution. Furthermore, where the Commission implements the budget under direct centralised management, it should be allowed to do so also through sub- delegation to Heads of Union Delegations. The authorising officers by delegation of the Commission should continue to be responsible for the definition of internal management and control systems, while the Heads of Union Delegations should be responsible for the adequate set up and functioning of internal management and control systems and for the management of the funds and the operations carried out within their Delegations and they should report twice a year to that effect. The Commission shall have the right to withdraw specific subdelegations in accordance with its own rules.
Amendment 47 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 10 a (new)
Recital 10 a (new)
(10a) In order to ensure democratic scrutiny of the implementation of the European Union’s budget, the European Parliament may, in the context of discharge, obtain on request the declaration of assurance made by Heads of Union Delegations on the internal management and control systems in relation to their respective delegations.
Amendment 48 #
2010/0054(COD)
Proposal for a regulation – amending act
Recital 10 b (new)
Recital 10 b (new)
(10b) The term “High Representative of the Union for Foreign Affairs and Security Policy” is to be, for the purposes of this Regulation, interpreted in accordance with the different functions of the High Representative under Article 18 of the Treaty on European Union.
Amendment 50 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 4 a (new)
Article 1 – point 4 a (new)
Regulation (EC, Euratom) No 1605/2002
Article 31 – paragraph 1 a (new)
Article 31 – paragraph 1 a (new)
(4a) In Article 31, the following paragraph is inserted after paragraph 1: “The European External Action Service shall draw up an estimate of its revenue and expenditure, which it shall send to the Commission before 1 July each year. The High Representative will hold consultations with, respectively, the Commissioner for Development Policy, the Commissioner for Neighbourhood Policy and the Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, regarding their respective responsibilities.”
Amendment 51 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 4 b (new)
Article 1 – point 4 b (new)
Regulation (EC, Euratom) No 1605/2002
Article 33 – paragraph 2 – point d a (new)
Article 33 – paragraph 2 – point d a (new)
Amendment 53 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 4 d (new)
Article 1 – point 4 d (new)
Regulation (EC, Euratom) No 1605/2002
Article 46 – paragraph 1 – point 5 a (new)
Article 46 – paragraph 1 – point 5 a (new)
(4d) In Article 46(1), the following point is added after point (5): “(5a) The total amount of Common foreign and security policy (hereinafter “CFSP”) operating expenditure shall be entered entirely in one budget chapter, entitled CFSP. The total amount of CFSP expenditure will be distributed between the Articles of the CFSP budget chapter. Those Articles will contain items which cover the CFSP expenditure of at least the major missions.”
Amendment 54 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC, Euratom) No 1605/2002
Article 50 – paragraph 1
Article 50 – paragraph 1
(5) In the first paragraph of Article 50, the following sentence is added: “However, detailed rules may be agreed with the Commission in order to facilitate the implementation of the Union Delegations’ operating appropriations entered in the EEAS and the Council sections of the BudgetArticle 50 is replaced by the following: “The Commission shall confer on the other institutions the requisite powers for the implementation of the sections of the budget relating to them. However, detailed rules may be agreed with the Commission in order to facilitate the implementation of the Union Delegations’ appropriations entered in the EEAS section of the Budget. Within the EEAS, a Director General for budget and administration shall be responsible to the High Representative for the administrative and internal budgetary management of the EEAS. He shall work within the existing format and follow the same administrative rules which are applicable to the Part of Section III of the EU budget which falls under heading 5 of the Multiannual Financial Framework. Each institution shall exercise these powers in accordance with this Regulation and within the limits of the appropriations authorised.”
Amendment 55 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 6
Article 1 – point 6
Regulation (EC, Euratom) No 1605/2002
Article 51 – paragraph 1 a (new)
Article 51 – paragraph 1 a (new)
The Commission shall have the right to withdraw specific subdelegations in accordance with its own rules.
Amendment 57 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 9
Article 1 – point 9
Regulation (EC, Euratom) No 1605/2002
Article 60 a
Article 60 a
“1. Where Heads of Union Delegations act as authorising officers by subdelegation in accordance with the second paragraph of Article 51, they shall cooperate closely with the Commission for the proper implementation of the funds, in order to ensure in particular the legality and regularity of financial transactions, the respect of the principle of sound financial management in the management of the funds and the effective protection the financial interests of the Union. To this effect, they shall take the measures necessary to prevent any situation susceptible to put at stake the responsibility of the Commission for the implementation of the budget sub-delegated to them as well as any conflict of interest or priorities having impact on the implementation of the financial management tasks sub- delegated to them. Where a situation or conflict referred to in the second subparagraph arises, the Heads of Union Delegations shall inform the responsible Commission department and the High Representative of the Union for Foreign Affairs and Security Policy thereof without delayDirectors-General of the Commission and of the EEAS thereof without delay. They shall take appropriate steps to remedy the situation. 2. When a Head of a Union Delegation finds himself in a situation referred to in Article 60(6), he shall refer to the specialised financial irregularities panel set up pursuant to Article 66(4). In the event of any illegal activity, fraud or corruption which may harm the interests of the Union, he shall inform the authorities and bodies designated by the applicable legislation. 3. Heads of Union Delegations acting as authorising officers by subdelegation in accordance with the second paragraph of Article 51 shall report twice a year to their authorising officer by delegation so that the latter can integrate their reports in his annual activity report referred to in Article 60(7). That biannual report submitted by the Heads of Union Delegation shall include information on the efficiency and effectiveness of internal management and control systems put in place in their delegation, as well as the management of operations subdelegated to them. Upon request, and in the context of discharge, the European Parliament’s competent committee may obtain the declaration of assurance made by Heads of Union Delegations on the internal management and control systems in their delegation. 4. Heads of Union Delegations acting as authorising officers by subdelegation in accordance with the second paragraph of Article 51 shall reply to any request by the authorising officer by delegation of the Commission. 4a. The Commission shall ensure that sub-delegating powers are not detrimental to the discharge procedure in the European Parliament, in the context of which the Commission bears full responsibility for the operating budget of the EEAS.”
Amendment 59 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 11 – point b
Article 1 – point 11 – point b
Regulation (EC, Euratom) No 1605/2002
Article 66 – paragraph 5 – subparagraph 3 a (new)
Article 66 – paragraph 5 – subparagraph 3 a (new)
This shall apply mutatis mutandis to the authorities of a Member State in respect of temporary agents and seconded national experts. The Member State of origin shall be liable for all sums not recovered within three years of a decision on liability being taken.
Amendment 60 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 12
Article 1 – point 12
Regulation (EC, Euratom) No 1605/2002
Article 85 – paragraph 1 a
Article 85 – paragraph 1 a
For the purposes of the internal auditing of the EEAS, Heads of Union Delegations, acting as authorising officers by subdelegation in accordance with the second paragraph of Article 51 shall be subject to the verifying powers of the internal auditor of the Commission acting in cooperation with the internal auditor of the EEAS, for the financial management subdelegated to them.
Amendment 61 #
2010/0054(COD)
Proposal for a regulation – amending act
Article 1 – point 12 a (new)
Article 1 – point 12 a (new)
Regulation (EC, Euratom) No 1605/2002
Article 147 a (new)
Article 147 a (new)
(12a) The following Article is inserted: “Article 147a The EEAS shall be fully subject to the procedures provided for in Article 319 of the Treaty on the Functioning of the European Union and in Articles 145 to 147 of the Financial Regulation. The EEAS shall fully cooperate with institutions involved in the discharge procedure and provide, as appropriate, the additional necessary information, including through attendance in meetings of the relevant bodies.”
Amendment 3 #
2009/2198(INI)
Motion for a resolution
Citation 7 a (new)
Citation 7 a (new)
- having regard to its resolution of 26 November 2009 on a political solution to the problem of piracy off the Somali coast; note: P7_TA(2009)0099
Amendment 4 #
2009/2198(INI)
Motion for a resolution
Citation 7 b (new)
Citation 7 b (new)
– having regard to the exchange of letters among the European Union and the Governments of Kenya and the Republic of the Seychelles, concerning the transfer to these countries of suspected pirates and armed robbers apprehended by EUNAVFOR in the operation area,
Amendment 6 #
2009/2198(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that the European Security Strategy (ESS) and the report on its implementation highlight the key threats and challenges facing the European Union: • proliferation of weapons of mass destruction, • terrorism and organised crime, • cyber-security, • energy security, • impact of climate change, • regional conflicts, • failed states; and natural disasters, • regional conflicts, • state failure • maritime piracy;
Amendment 10 #
2009/2198(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Emphasises that, through common policies and actions decided in the framework of the Common Foreign and Security Policy (CFSP) and the Common Security and Defence Policy (CSDP), the Union is taking steps to address the challenges and threats identified in the ESS, thereby helping to improve the security of European citizenwith the aim of guaranteeing the security of European citizens and contributing to the preservation of peace in the world, in accordance with the purposes and principles of the United Nations Charter, with the principles of the Helsinki Final Act and with the aims of the Charter of Paris, including those relating to external borders;
Amendment 13 #
2009/2198(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Reiterates its recommendation for a regular review of the ESS, every five years, coinciding with the beginning of a new parliamentary term and after due consultation with the European Parliament;
Amendment 14 #
2009/2198(INI)
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Stresses that primary responsibility for maintaining peace and security in the world lies with the UN Security Council and reiterates the need for a reform of the United Nations Organisation in order to make it more capable of exercising its functions and providing effective solutions to global challenges and threats;
Amendment 15 #
2009/2198(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Acknowledges the need for the Union to pursue these objectives by enhancing its own institutional capacity to respond to these challenges and by means of multilateral cooperation with and within international organisations – in particular the United Nations – and regional organisations in accordance with the Charter of the United Nations;
Amendment 21 #
2009/2198(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Reiterates its support for the Union’s efforts to address these threats by developing a holisticcomprehensive approach synergising the various means of action – both civil and militaryincluding conflict prevention and crisis management, financial assistance and development cooperation, social and environmental policies, diplomatic and trade policy instruments and enlargement – available to the Union and its Member States; emphasises that such coordination of civil and military means gives genuine added-value to the Union’s crisis management work;
Amendment 36 #
2009/2198(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Emphasises that, in the longer term, a measure along the lines of a White Paper – providing scope for a wide-ranging public debate – would raise the profile of the CSDP and step up security and defence cooperation by defining the Union’s security and defence interests more clearly, thereby making the implementation of the ESS and the planning and conduct of EU crisis management operations more effective and better defined;
Amendment 41 #
2009/2198(INI)
Motion for a resolution
Paragraph 8 – introductory sentence and point a
Paragraph 8 – introductory sentence and point a
8. Calls on the Council to enter into a substantial debate with the European Parliament and the national parliaments in 2010 on the implementation of the new provisions in the Lisbon Treaty concerning the CSDP, including: a. the creation of the post ofrole of the Vice- President of the Commission/High Representative of the Union for Foreign Affairs and Security Policy, coupled with the establishment of a European external action service (EEAS) incorporating the crisis management units,
Amendment 47 #
2009/2198(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls, after the introduction of a clause on mutual assistance, as formulated in Article 42 of the Lisbon Treaty, on those European Union Member States belonging to the Western European Union (WEU) to terminate the Modified Brussels Treaty of 1954;
Amendment 59 #
2009/2198(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Takes the view that the Vice- President/High Representative should act very rapidly to make the Union’s various external policies more coherent, and that this coherence should be reflected on the ground by special representatives/heads of delegation vested with a certainthe necessary authority vis-à-vis the different European playersparties concerned and the international community;
Amendment 63 #
2009/2198(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Supports the establishment of a civil- military Crisis Management and Planning Directorate (CMPD) to take responsibility for crisis management and strategic planning of the Union’s civil and military operations and help develop the CSDP, particularly in terms of civil and military capabilities; deprecates, however, the extremely lengthy delay in setting up this new structure; hopes that the instruments available to the Commission will also be used as part of this single strategic planning capacity in order to develop a holistic European approach; takes the view that the establishment of the EEAS, into which the CMPD will be incorporated as part of a coherent grouping that will also include the EU Military Staff, Civilian Planning and Conduct Capability (CPCC) and the Joint Situation Centre (SitCen), should make it possible to meet these requirements; calls for an appropriate proportion of civilian experts at the leadership level of the CMPD and a serious commitment to address gender disparities at all levels;
Amendment 69 #
2009/2198(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Recalls that the EEAS must fully comply with the Charter of Fundamental Rights in all aspects of the Union's external action in accordance with the spirit and purpose of the Lisbon Treaty;
Amendment 72 #
2009/2198(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls once again for the establishment of a permanent EU operations centre overseen by the Vice-President/High Representative, which would be responsible for operational planning and the conduct of military operations; calls for this operations centre to be attached to the EEAS; stresses that the division of the existing system into seven headquarters makesexisting divided system its less effective and responsive and generates huge costs, and that a permanent interlocutor in the military sphere is essential for civil and military coordination on the ground; takes the view that the permanent operations centre could therefore be classed as a form of military planning and operational capacity, and located in the same place as the CPCC in order to allow the necessary synergies for effective civilian and military coordination; reiterates that the EU operations centre would complement existing NATO command structures, without compromising the decisional autonomy of both organisations;
Amendment 89 #
2009/2198(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Welcomes the successful contribution made by the European Union’s naval operation in Somalia (EU NAVFOR Somalia – Operation Atalanta) in combating piracy in the Gulf of Aden and off the coast of Somalia; praises, at the same time, its contribution to the reinforcement of naval cooperation in Europe and the further development of the maritime dimension of the CSDP; emphasises that Operation Atalanta has established itself as a key player in the fight against piracy, inter alia through the Maritime Security Centre (Horn of Africa), and is in favour of extending and broadening the mandate for this operation designed to address a security issue directly affecting the EU (security of citizens and supplies) and respond to a humanitarian and operational emergency (by escorting ships chartered by the World Food Programme to deliver food to the Somali population and ships delivering logistical support to the African Union’s military observation mission in Somalia (AMISOM)); also welcomes the involvement of non-EU countries (Norway and Croatia) and the operation’s constructive cooperation with the other naval forces present in the region, particularly in the context of the SHADE (Shared Awareness and Deconfliction) processes;
Amendment 95 #
2009/2198(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Welcomes the Council decision to extend the operation for another year until December 2010; regrets, however, the continuing problems with the prosecution of suspected pirates and armed robbers apprehended in the operation area, which undermine the credibility of the international anti-piracy efforts;
Amendment 105 #
2009/2198(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Recalls the need to stabilise the security and political situation in Afghanistan and Pakistan in order to contain the global threats directly affecting Europeans’ security (terrorism, drug trafficking and the proliferation of weapons of mass destruction) and, accordingly, welcomes the EU Action Plan for Afghanistan and Pakistan adopted by the Council on 27 October 2009; calls, howeverreiterates the need for a comprehensive approach in dealing with these issues, linking security more closely with development, the rule of law and respect for human rights, as well as gender-related aspects; calls, therefore, on the Council and the Commission to take more tangible steps toin this direction, also by increaseing the EU’s contribution and ensureing that its activities are better integrated with those of the Member States and of the international community;
Amendment 144 #
2009/2198(INI)
Motion for a resolution
Paragraph 38
Paragraph 38
38. Reiterates, with a view to the revision of the treaty on nWelcomes UNSC Resolution 1887 of 24 September 2009 and fully supports its calls for a halt to the spread of nuclear weapons and intensified efforts to achieve disarmament under strict and effective international control; calls on the Member States to formulate a strong common position for the 2010 Nuclear Non-pProliferation in May 2010,Treaty (NPT) Review Conference and reiterates its recommendation to the Council of 24 April 2009 on non-proliferation and the future of the Treaty on the Non- Proliferation of Nuclear Weapons (NPT)*1, stressing the need further to reinforce all three pillars of the NPT, namely non- proliferation, disarmament and cooperation on the civilian use of nuclear energy; 1 Texts adopted of that date, P6_TA(2009)0333. urges, furthermore, for the ratification and entrance into force of the Comprehensive Nuclear-Test -Ban Treaty (CTBT);
Amendment 148 #
2009/2198(INI)
Motion for a resolution
Paragraph 39
Paragraph 39
39. Welcomes the declarations and stated objectives of the new American administration and its commitment to take nuclear disarmament forward; welcomes, at the same time, the commitment of the Russian Federation and the United States of America to continue negotiations to conclude a new comprehensive legally binding agreement to replace the Treaty on the Reduction and Limitation of Strategic Offensive Arms (START I), which expired in December 2009; looks forward to tangible results in this regard, at the earliest possible date;
Amendment 155 #
2009/2198(INI)
Motion for a resolution
Paragraph 40 a (new)
Paragraph 40 a (new)
40a. Reiterates its full support for wider disarmament and a total ban on weapons, such as chemical and biological weapons, antipersonnel mines, cluster and depleted uranium munitions, that cause great suffering to civilians; urges, therefore, enhanced multilateral efforts to secure full implementation of the Chemical Weapons Convention (CWC), the Biological and Toxin Weapons Convention (BTWC), the Convention on Cluster Munitions (CCM), the Anti- Personnel Mines Convention (APMC) and the further development of the international regime against proliferation of weapons of mass destruction; welcomes, in this regard, the commitments undertaken by all EU Member States with the adoption of the EU Common Position on Arms Exports, as well as the provision of Article 28B(1) of the Lisbon Treaty, which entrusts joint disarmament operations to the EU;
Amendment 156 #
2009/2198(INI)
Motion for a resolution
Paragraph 40 b (new)
Paragraph 40 b (new)
40b. Welcomes the German coalition agreement of 24 October 2009 on the withdrawal of US nuclear weapons from Germany in the context of its support for President Obama's policy for a world free of nuclear weapons, the desirability of intermediate steps in reaching this goal and the necessity of introducing new dynamics in arms control and disarmament at the 2010 NPT Review Conference; encourages other Member States with US nuclear weapons on their soil to make a similar clear commitment;
Amendment 172 #
2009/2198(INI)
Motion for a resolution
Paragraph 47 a (new)
Paragraph 47 a (new)
47a. Regards it as important to strengthen the civil capacity for conflict resolution; therefore calls on the Council and the Commission to establish an EU Civil Peace Corps with civil protection and humanitarian relief capabilities for crisis management and conflict prevention as requested by the European Parliament since 2000;
Amendment 193 #
2009/2198(INI)
Motion for a resolution
Paragraph 62
Paragraph 62
Amendment 195 #
2009/2198(INI)
Motion for a resolution
Paragraph 63
Paragraph 63
63. Recalls the need for constructive cooperation between the EU and NATO, particularly where the two organisations are active in the same theatres of operation; 1 Texts adopted of that date, P6_TA(2009)0076. , with due regard for the different nature of the two organisations, their equality and the autonomy of each party in decision- making;
Amendment 200 #
2009/2198(INI)
Motion for a resolution
Paragraph 64
Paragraph 64
64. Views it as regrettable that the technical agreements between the NATO and EU operations in Afghanistan and Kosovo have still not been signed; recommends avoiding unconstructive blockages and calls for the development of a new institutional framework for EU- NATO relations that facilitates broader cooperation when the two organisations operate in the same theatre of operations.
Amendment 215 #
2009/2198(INI)
Motion for a resolution
Paragraph 70 a (new)
Paragraph 70 a (new)
70a. Stresses that the further development of the EU's strategic partnership with Russia needs to include meaningful dialogue on security, crisis management and conflict resolution; underlines that this should be based on the stated commitment of both parties to their shared values, respect for international law and territorial integrity;
Amendment 219 #
2009/2198(INI)
Motion for a resolution
Paragraph 71
Paragraph 71
71. Takes the view that the new version of the anti-missile shield envisaged by the American administration should be based ondiscussed in the context of a common European approach to the matter, in coordination with Russia, and with efforts being madeand, if such a system is to be developed, invite Russia to cooperate on the matter, and make the necessary efforts to involve the European defence industry in its development;
Amendment 1 #
2009/2134(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. pursuant to Article 10(2) TEU, citizens are directly represented at Union level in the European Parliament,
Amendment 2 #
2009/2134(INI)
Motion for a resolution
Recital G
Recital G
G. the concept of European Union citizenship, formally introduced into the constitutional order by the Treaty of Maastricht in 1993, included the right to participate under certain conditions in European and municipal elections in Member States other than one’s own, and the Charter of Fundamental Rights, which now has binding legal force under the terms of the Lisbon Treaty, has reinforced that right and other civicrelated rights,
Amendment 3 #
2009/2134(INI)
Motion for a resolution
Recital H
Recital H
Amendment 4 #
2009/2134(INI)
Motion for a resolution
Recital I
Recital I
I. overall turnout in the elections to Parliament has fallen steadily from 63 per cent in 1979 to 43 per cent in 2009; the new provisions resulting from the Lisbon Treaty oblige the European Parliament and all the other institutions to promote popular participation in the Union’s democratic process,
Amendment 5 #
2009/2134(INI)
Motion for a resolution
Recital K
Recital K
K. according to the case-law of the Court of Justice, while States enjoy substantial discretion in defining who can vote in European parliamentary elections, they are nevertheless boundnew provisions resulting from the Lisbon Treaty and in particular Article 10 TEU, Member States have to respect the general principles of Union law and are precluded from treating different categories of Union citizens who are in the same circumstances in a way that discriminates between them1; likewise, while it is for each State to lay down its own conditions for the acquisition and loss of nationalitycitizenship, it must at the same time have regard to the status of citizenship of the Union2,
Amendment 6 #
2009/2134(INI)
Motion for a resolution
Recital N
Recital N
N. Parliament has urged the Council to bring forward the date of the election to May so that it can better organise itself to expedin the light of the principles of the TEU, it is for the European Parliament to determine, witeh the elecparticipation of the new Commission President and avoid the beginning of the summer vacation in several States3Council, the date of the European elections,
Amendment 7 #
2009/2134(INI)
Motion for a resolution
Recital Q
Recital Q
Q. Parliament lacks an autonomous system for regulating the legal privileges and immunities of its Members; the Council has previously agreed to examine the request of Parliament to revise the 1965 Protocol on Privileges and Immunities once the Members’ Statute was adopted1,
Amendment 15 #
2009/2134(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Decides to reform its electoral procedure with the aim of enhancing the legitimacy and efficacy of Parliament, in the light of Article 10 TEU, by strengthening the European democratic dimension and by providing for a fairer distribution of seats among the States in accordance with the Treaties;
Amendment 24 #
2009/2134(INI)
Motion for a resolution
Paragraph 4 – point (i)
Paragraph 4 – point (i)
(i) Determines that Parliament will initiate a proposal for aProposes that the decision establishing the redistribucomposition of the 751 seats among States, if justified objectively by figures established by Eurostat before every election; this decision should be adopted before the end of the fourth calendar year of the parliamentary termEuropean Parliament be adopted by the European Parliament, acting by the majority of its component Members, and the European Council, acting by consensus;
Amendment 27 #
2009/2134(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
Aa. according to Art. 10.2 TEU citizens are directly represented at Union level in the European Parliament,
Amendment 29 #
2009/2134(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Determines to bring forward the timProposes that the date of the European elections shall be determined by the European Parliament, acting ofby the European elections from June to Maymajority of its component Members and with the approval of the Council, one year before the end of the five year term and not later than six months before;
Amendment 29 #
2009/2134(INI)
Motion for a resolution
Recital F
Recital F
F. the concept of European Union citizenship, formally introduced into the constitutional order by the Treaty of Maastricht in 1993, included the right to participate under certain conditions in European and municipal elections in Member States other than one's own, and the Charter of Fundamental Rights, which now has binding legal force under the terms of the Lisbon Treaty, has reinforced that right and other civiconnected rights,
Amendment 30 #
2009/2134(INI)
Motion for a resolution
Recital G
Recital G
Amendment 31 #
2009/2134(INI)
Motion for a resolution
Recital H
Recital H
H. overall turnout in the elections to Parliament has fallen steadily from 63 per cent in 1979 to 43 per cent in 2009; the new provisions of Lisbon Treaty oblige the European Parliament and all the other institutions to promote popular participation to the EU democratic process,
Amendment 32 #
2009/2134(INI)
Motion for a resolution
Recital I
Recital I
Amendment 35 #
2009/2134(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Proposes that persons finally convicted of criminal offences linked to corruption, embezzlement of public funds and organised crime or who have been sentenced to a prison term for a crime punishable by a custodial sentence or a detention order for a maximum period of not less than three years should not be eligible as candidates for election to the European Parliament;
Amendment 35 #
2009/2134(INI)
Motion for a resolution
Recital K
Recital K
K. according to the case-law of the Court of Justice, while States enjoy substantial discretion in defining who can vote in European parliamentary elections, they are nevertheless bound tonew provisions of the Lisbon Treaty and in particular article 10 TEU Member States must respect the general principles of EU law and are precluded from treating different categories of EU citizens who are in the same circumstances in a way that discriminates between them1; likewise, while it is for each State to lay down its own conditions for the acquisition and loss of nationalitycitizenship, it must at the same time have regard to the 1 Case C-145/04 Spain v United Kingdom [2006] ECR I-7917 (concerning Gibraltar) and Case C-300/04 Eman and Sevinger v College van burgemeester en wethouders van Den Haag [2006] ECR I-8055 (concerning Aruba). status of citizenship of the Union12,
Amendment 37 #
2009/2134(INI)
Motion for a resolution
Recital M
Recital M
Amendment 42 #
2009/2134(INI)
Article 7
No administrative or any other national or European restriction shallmay be imposed on the freedom of movement of Members of the European Parliament travelling to or from the place of meeting of the European Parliament. Members of tThe European Parliament shall, in respect of customs and exchange control, be accorded: (a) by their own government, the same facilities as those accorded to senior officials travelling abroad on temporary official missions; (b) by the government of other Member States, the same facilities as those accorded to representatives of foreign g, acting by means of regulations in accordance with a special legislative procedure, shall lay down, on a proposal from the Commission and after consulting the Council, specific conditions governing the freedom of movernments on temporary official missionf its Members.
Amendment 44 #
2009/2134(INI)
Motion for a resolution
Recital P
Recital P
P. Parliament has urged the Council to bring forward the date of the election to May so that it can better organise itself to expedite the election of the new Commission President and avoid the beginning of the summer vacation in several States1, 1 As proposed in Parliament's resolution of 1 December 2005 on guidelines for the approval of the Commission (OJ C 285 E, 22.11.2006, p. 137).in the light of the principles of TEU, it is up to the European Parliament to determine, with the participation of the Council, the date of the European elections, Or. en
Amendment 45 #
2009/2134(INI)
Motion for a resolution
Recital Q
Recital Q
Q. the redistribution of parliamentary seats among States needs to take place on a regular basis in order to reflect demographic change in the resident populations of the States and to strictly respectin the light of the principles of degressive proportionality; it may be possible to reach agreement on an apolitical, mathematical formula which would respect the criteria laid dowTEU, the European Parliament must be associated to the decision ion the Treaties and spelt out in the Act1its own composition,
Amendment 51 #
2009/2134(INI)
Motion for a resolution
Recital R
Recital R
R. Parliament lacks an autonomous system for regulating the legal privileges and immunities of its Members; the Council has previously agreed to examine the request of Parliament to revise the 1965 Protocol on Privileges and Immunities once the Members' Statute had entered into force2,
Amendment 60 #
2009/2134(INI)
Motion for a resolution
Recital Y
Recital Y
Amendment 61 #
2009/2134(INI)
Motion for a resolution
Recital Z
Recital Z
Amendment 63 #
2009/2134(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Decides to reform its electoral procedure in good time before the 2014 elections with the aim of enhancing the legitimacy and efficacy of Parliament, in the light of article 10 TEU, by strengthening the European democratic dimension and by providing for a fairer distribution of seats Paragraph 6 of its abovementioned resolution of 6 May 2010. among the States in accordance with the 1 Treaties;
Amendment 71 #
2009/2134(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Proposes that an additional 25 MEPs will be elected by a single constituency formed of the whole territory of the European Union; transnational lists will be composed of candidates drawn from at least one third of the States, and will be gender-balanced; each elector will be enabled to cast one vote for the EU-wide list in addition to their vote for the national or regional list: voting for the EU constituency will be in accordance with the preferential semi-open list system (whereby votes are allotted either to the party list or to individual candidates within a list); and seats will be allocated in accordance with the Sainte-Laguë method2; further, proposes that an electoral authority will be established at EU level in order to regulate the conduct and to verify the result of the election taking place from the EU- wide list; 1 The Sainte-Laguë method uses divisors of 1, 3, 5, 7, etc, and was used in the 2009 European elections in Germany, Latvia and Sweden. It produces a slightly more proportional result than the D'Hondt method. 2 The Sainte-Laguë method uses divisors of 1, 3, 5, 7, etc, and was used in the 2009 European elections in Germany, Latvia and Sweden. It produces a slightly more proportional result than the D'Hondt method.Or. en
Amendment 75 #
2009/2134(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Proposes that a redistribution of the existing 751 seats among States will take place, if justified objectively by figures established by Eurostat, based on the total resident population, before every election; the redistribution will be made in accordance with a mathematical formula respethe decision establishing the composition of the European Parliament shall be adopted by the European Parliament, acting by the criteria laid down in the Treaties, and will be announced at least twelve months before the end of the mandate; 1 The Sainte-Laguë method uses divisors of 1, 3, 5, 7, etc, and was used in the 2009 European elections in Germany, Latvia and Sweden. It produces a slightly more proportional result than the D'Hondt method.majority of its component Members, and the European Council, acting by consensus; Or. en
Amendment 83 #
2009/2134(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Repeats its proposal to bring forward Proposes that the date of the European elections shall be determined by the European Parliament, acting with the majority of its component Members and withe timing of the election from June to Mayhe approval of the Council one year before the end of the five year term and not later than six months before;
Amendment 102 #
2009/2134(INI)
Article 14 – paragraph 2
2. The European Parliament shall be composed of representatives of the Union's citizens. They shall not exceed seven hundred and fifty in number, plus the President. Representation of citizens shall be degressively proportional, with a minimum threshold of six members per Member State. No Member State shall be allocated more than ninety-six seats. The European Council shall adopt by unanimityParliament, acting by a majority of its component Members, and the European Council, acting by consensus, shall adopt, on the initiative of the European Parliament and with its consent, a decision establishing the composition of the European Parliament, respecting the principles referred to in the first subparagraph.
Amendment 106 #
2009/2134(INI)
Article 7
No administrative or any other national or European restriction shallmay be imposed on the freedom of movement of Members of the European Parliament travelling to or from the place of meeting of the European Parliament. Members of tThe European Parliament shall, in respect of customs and exchange control, be accorded: (a) by their own government, the same facilities as those accorded to senior officials travelling abroad, acting by means of regulations in accordance with a special legislative procedure shall lay down, on a proposal onf temporary official missions; (b) by the governmenthe European Commission and after seeking the opinion of other Member States, the same facilities as those accorded to representatives of foreign g Council, the specific conditions governing the freedom of movernments on temporary official missionf its Members.
Amendment 107 #
2009/2134(INI)
Article 8
Members of the European Parliament shall not be subject to any form of inquiry, detention or legal proceedings in respect of opinions expressed or votes cast by them in the performance of their duties. The European Parliament shall decide, on an application from a Member, whether an action was taken or a statement was made in the exercise of his/her mandate.
Amendment 110 #
2009/2134(INI)
Article 9
During the sessions ofmandate to the European Parliament, its Members shall enjoy: (a) in the territory of their own State, the immunities accorded to members of their parliament; (b) in the territory of any other Member State, immunity from any measure of detention and from legal proceedings. A Member shall be entitled to decline to give evidence about information which that Member has obtained in the exercise of his/her mandate or about persons from or to whom he/she has obtained or given such information. Immunity shall likewise apply to Members while they are travelling to and from the place of meeting of the European Parliament. Immunity cannot be claimed when a Member is found in the act of committing an offence and shall not prevent the European Parliament from exercising its right to waive the immunity of one of its Members.
Amendment 118 #
2009/2134(INI)
Article 2 a (new)
Article 2a For the purposes of distributing seats between Member States in accordance with the principle of degressive proportionality pursuant to Article 14(2a) of the Treaty on European Union, the ratio between the population and the number of seats of each State must vary in relation to their respective populations.
Amendment 120 #
2009/2134(INI)
Article 2 b (new)
Article 2b 1. Pursuant to Article 14(2b) of the Treaty on European Union, there shall be one additional constituency formed of the entire territory of the Union from which shall be elected twenty-five Members. 2. An electoral authority shall be established to conduct and verify the electoral process of the European Union constituency. The authority shall comprise representatives of the European Parliament, the Commission and each Member State. 3. Transnational lists of candidates for election in the European Union constituency submitted by the European political parties shall be admissible only: (a) if composed of candidates resident in at least one third of the States, and (b) if balanced by gender. 4. Each elector shall have one supplementary vote that may be cast for the European Union-wide list. Seats shall be allocated in accordance with the Sainte-Laguë method. 5. Detailed arrangements for the European Union constituency election, including the delegation of powers to the electoral authority, shall be laid down in implementing measures to be adopted in accordance with Article 14.
Amendment 122 #
2009/2134(INI)
Article 3
1. Member States may set a minimum threshold for the allocation of seats. At national level this threshold may not exceed 5 per cent of votes cast. 2. There shall be no minimum threshold for the allocation of seats from the European Union constituency.
Amendment 123 #
2009/2134(INI)
Article 4
Amendment 125 #
2009/2134(INI)
Article 6 – paragraph 2 a (new)
2a. People finally convicted for criminal offences linked to corruption, embezzlement of public funds and organized crime or have been sentenced to a prison term for a crime punishable by a custodial sentence or a detention order for a maximum period of at least three years cannot be candidates for election to the European Parliament.
Amendment 131 #
2009/2134(INI)
Article 11 – paragraph 1
1. The Council, acting unanimously after consulting the European Parliament,European Parliament, acting by a majority of its component Members and with the approval of the Council shall determine the electoral period for the first elections one year before the end of the five-year term referred to in article 5, in accordance with article 14, and not later than six months before.
Amendment 132 #
2009/2134(INI)
Article 13
1. A seat shall fall vacant when the mandate of a member of the European Parliament ends as a result of resignation, death or withdrawal of the mandate. 2. Subject to the other provisions of this Act, the Parliament of each Member State shall lay down appropriate procedures for filling any seat which falls vacant during the five-year term of office referred to in Article 5 for the remainder of that period. 3. Where the law of a Member State makes explicit provision for the withdrawal of the mandate of a member of the European Parliament, that mandate shall end pursuant to those legal provisions. The competent national authorities shall inform the European Parliament thereof. 4. Where a seat falls vacant as a result of resignation or death, the President of the European Parliament shall immediately inform the competent authorities of the Member State concerned thereof.
Amendment 134 #
2009/2134(INI)
Article 14
Amendment 135 #
Amendment 4 #
2009/0059(CNS)
Proposal for a regulation – amending act
Article 1 - point 5
Article 1 - point 5
Regulation (EC) No 1934/2006
Article 16
Article 16
The financial reference amount for the implementation of this Regulation for the period from 2007 to 2013 shall be EUR 172 million for countries listed in Annex I and EUR 176 million for countries listed in Annex II. The appropriations for countries listed in Annex II shall come from the margin available within the ceiling for heading 4 of the multiannual financial framework and may under no circumstances be taken from the budgetary allocations established by the budgetary authority in respect of the other existing multiannual programmes. The annual appropriations shall be authorised by the budgetary authority within the limits of the financial framework.