Activities of Evelyn REGNER related to 2011/0361(COD)
Legal basis opinions (0)
Amendments (11)
Amendment 26 #
Proposal for a regulation
Article 1 – point 6
Article 1 – point 6
Regulation (EC) No 1060/2009
Article 5a – paragraph 1 a (new)
Article 5a – paragraph 1 a (new)
Financial intermediaries must inform their clients that exclusive or automatic reliance on ratings is not an appropriate method of properly assessing risk when evaluating the creditworthiness of an issuer or financial instrument.
Amendment 27 #
Proposal for a regulation
Article 1 – point 6
Article 1 – point 6
Regulation (EC) No 1060/2009
Article 5 c (new)
Article 5 c (new)
Amendment 28 #
Proposal for a regulation
Article 1 – point 6
Article 1 – point 6
Regulation (EC) No 1060/2009
Article 5 d (new)
Article 5 d (new)
Article 5d Over-reliance on credit ratings in the EU legislation Union law shall not refer to credit ratings for regulatory purposes and all provisions contained in sectoral legislation that provide for an obligation to take into account ratings before investing or advising others to invest shall be repealed. By ...*, the Commission shall present a detailed report to the European Parliament and Council on the implementation of this Article in Union law, including, where appropriate, legislative proposals. The report shall provide recommendations on the development of own rating capacities so as to avoid automatic procyclical reactions to changes in ratings.
Amendment 30 #
Proposal for a regulation
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1060/2009
Article 6 a – paragraph 1 – introductory part
Article 6 a – paragraph 1 – introductory part
(1) A shareholder or a member of a credit rating agency holding at least 5% of the capital or the voting rights in that agency shall not
Amendment 32 #
Proposal for a regulation
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1060/2009
Article 6 a – paragraph 1 – point a
Article 6 a – paragraph 1 – point a
(a) be sharehold 5%er or more of the capitalember of any other credit rating agency. This prohibition does not apply to holdings in diversified collective investment schemes, including managed funds such as pension funds or life insurance, provided that the holdings or otherwise have a direct or in diversified collective investment schemes do not put him or her in a position to exercise significant influence on the business activities of those schemesrect ownership interest in such other credit rating agency;
Amendment 33 #
Proposal for a regulation
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1060/2009
Article 6a – paragraph 1 – point b
Article 6a – paragraph 1 – point b
Amendment 35 #
Proposal for a regulation
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1060/2009
Article 6b – paragraph 5
Article 6b – paragraph 5
Amendment 36 #
Proposal for a regulation
Article 1 – paragraph 1 – point 8
Article 1 – paragraph 1 – point 8
Regulation (EC) No 1060/2009
Article 6b – paragraph 7
Article 6b – paragraph 7
ESMA shall develop draft regulatory technical standards to specify technical requirements on the content of the handover file referred to in paragraph 56.
Amendment 37 #
Proposal for a regulation
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1060/2009
Article 6c (new) – title
Article 6c (new) – title
Prohibition of mergers between and acquisitions of certain credit rating agencies
Amendment 38 #
Proposal for a regulation
Article 1 – point 8
Article 1 – point 8
Regulation (EC) No 1060/2009
Article 6c (new)
Article 6c (new)
A credit rating agency that controls more than 20% of the credit rating market shall not be allowed to hold a stake in or fully acquire another rating agency. This provision shall not apply to agencies that form part of the same group.
Amendment 44 #
Proposal for a regulation
Article 1 – point 20
Article 1 – point 20
Regulation (EC) No 1060/2009
Article 35 a – paragraph 5 a (new)
Article 35 a – paragraph 5 a (new)
(5a) The civil liability regime applicable shall be that of the country in which the investor sustaining the damage had his or her habitual residence when the damage occurred.