4 Amendments of Burkhard BALZ related to 2014/0017(COD)
Amendment 99 #
Proposal for a regulation
Recital 8
Recital 8
(8) The new rules on transparency therefore provide for the reporting of details regarding SFTs concluded by all market participants, whereas they are financial or non-financial entities, including the composition of the underlying collateral, if the underlying collateral is available for use or has been used, and the haircuts applied. For reasons of efficiency, respective operational costs for market participants should be minimised and, thus, the new rules should build on pre-existing infrastructures and processes. Therefore, it is important that this legal framework avoids a doubling of reporting standards and is, to the extent possible, identical to that of Regulation (EU) No 648/2012/EC of the European Parliament and of the Council12 in respect of the reporting of derivative contracts to trade repositories registered for that purpose as well as in respect of reporting modalities. This should also enable trade repositories authorised in accordance with Regulation (EU) No 648/2012/EC to fulfil the repository function assigned by the new rules, if they comply with certain additional criteria. __________________ 12Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).
Amendment 116 #
Proposal for a regulation
Recital 23 a (new)
Recital 23 a (new)
(23a) In order to ensure an efficient regulatory framework for shadow banking, the progress on introducing and implementing coherent requirements on the international level remains vital. The Commission should regularly report to the European Parliament and Council on the G20 roadmap towards strengthened oversight and regulation of shadow banking and thereby also present a state of play of the measures taken by the European Union and by major third country jurisdictions.
Amendment 127 #
Proposal for a regulation
Article 2 – paragraph 2 – point b a (new)
Article 2 – paragraph 2 – point b a (new)
(b a) securities financing transactions of counterparties that belong to the same group provided that those transactions are recorded in the group's own risk assessment and are part of the supervisory review process in relation to that group;
Amendment 148 #
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
1. Counterparties to SFTs shall report the details of such transactions to a trade repository registered in accordance with Article 5 or recognised in accordance with Article 19. The details shall be reported no later than the working day following the conclusion, modification or termination of the transaction, or following the valuation of such transactions, in case the date of trade and valuation is different.