5 Amendments of Alfredo PALLONE related to 2011/0006(COD)
Amendment 353 #
Proposal for a directive
Article 2 – point 15
Article 2 – point 15
Directive 2009/138/EC
Article 77a – paragraph 1
Article 77a – paragraph 1
EIOPA shall publish technical information, includter alia concerning the relevant risk-free interest rate term structure. Where EIOPA observes an illiquidity premium in, including the existence of a countercyclical premium in periods of particular tension for the financial markets in periods of stressed liquidity,. Where the relevant risk- free interest rate term structure shows the existence of a countercyclical premium in periods of financial tension as observed by EIOPA, the formulae published for the relevant risk-free interest rate term structure shall include formulae enabling undertakings to calculate information relating to the illiquidityis premium, including its size shall also be published.. In such cases, EIOPA shall carry out the observation of the illiquiditycountercyclical premium and the derivation of the information on a transparent, objective and reliable basis. Information for all these purposes shall be derived according to the methods and assumptions which may include formulae, o, principles and techniques referred to under letter (b) of the first paragraph of Article 86, and on the basis of the detailed criteria and calculation methods and assumptions referred to under dletterminations made by EIOPA (i) of the first paragraph of Article 86.
Amendment 362 #
Proposal for a directive
Article 2 – point 15
Article 2 – point 15
Directive 2009/138/EC
Article 77a – paragraph 2
Article 77a – paragraph 2
The information referred to in the first paragraph shall be published for each relevant currency on at least a quarterly basis in a manner which is consistent with the methodologi. In calculating technical provisions, insurance and reinsurance undertakings shall use the formulae for the relevant risk-free interest referred to in Article 86ate term structure published by EIOPA, within the meaning of the first paragraph.
Amendment 373 #
Proposal for a directive
Article 2 – point 16
Article 2 – point 16
Directive 2009/138/EC
Article 86 – paragraph 1 – point i
Article 86 – paragraph 1 – point i
(i) the detailed criteria for the elements of technical information, the calculation methods and assumptions, and where appropriate the formulae and determinations, according to which the information is to be derived by EIOPA as referred to in Article 77a..
Amendment 459 #
Proposal for a directive
Article 2 – point 70
Article 2 – point 70
Directive 2009/138/EC
Article 308 a – paragraph 7
Article 308 a – paragraph 7
7. Where the Commission has adopted a delegated act in accordance with Article 308b(7), Article 94 shall not apply for a maximum period of 10 years from the date referred to in the first sub-paragraph of Article 309(1). ithout prejudice to Article 94, basic own-fund items issued prior to the date referred to in the first sub-paragraph of Article 309(1) which under the Directives listed in Article 310 may be used to cover up to 50% of the solvency margin, shall be classified as level 1 basic own-fund items for 20 years from that date. Without prejudice to Article 94, basic own-fund items issued prior to the date referred to in the first sub-paragraph of Article 309(1) which under the Directives listed in Article 310 may be used to cover up to 25% of the solvency margin, shall be classified as level 2 basic own-fund items for 20 years from that date.
Amendment 469 #
Proposal for a directive
Article 2 – point 74
Article 2 – point 74
Directive 2009/138/EC
Article 311 – paragraph 2
Article 311 – paragraph 2
‘Articles 1, 2, 3, 5 to 9, 11, 12, 14 to 17, 19-22, 24, 25, 33, 57 to 66,69, 69, 70, 73, 143, 145, 147, 149 to 161, 168 to 171, 174 to 177, 179 to 184, 186 to 189, 191, 193 to 209, 267 to 300, 302, 305- to 08 and Annexes I and II, V, VI and VII shall apply from 1 January 2013.’4.’ The Member States shall ensure that, by the date referred to in Article 309, the supervisory authorities enjoy sufficient powers to carry out the assessments required under Articles 90, 95, 104(7), 112, 113, 211, 230 and 308.