Opinion of the European Economic and Social Committee on ‘Proposal for a Regulation of the European Parliament and of the Council amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of financial services and investment support’ (COM(2023) 593 final — 2023/0363 (COD)) and ‘Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements’ (COM(2023) 660 final — 2023/0379 (COD))

Opinion // 14/02/2024 // 3 min read
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Official Journal of the European Union

EN

C series

C/2024/2485

23.4.2024

Opinion of the European Economic and Social Committee on ‘Proposal for a Regulation of the European Parliament and of the Council amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of financial services and investment support’

(COM(2023) 593 final — 2023/0363 (COD))

and ‘Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements’

(COM(2023) 660 final — 2023/0379 (COD))

(C/2024/2485)

Rapporteur:

Krzysztof BALON

Referrals

European Parliament, 20.11.2023 and 11.12.2023

Council of the European Union, 30.11.2023 and 7.12.2023

Legal basis

Articles 114, 173, 175 (3) and 304 of the Treaty on the Functioning of the European Union

Section responsible

Economic and Monetary Union and Economic and Social Cohesion

Adopted in section

2.2.2024

Adopted at plenary

14.2.2024

Plenary session No

585

Outcome of vote

(for/against/abstentions)

206/1/3

1. Conclusions and Recommendations

1.3.2. 2. Background

2.3. 3. General comments

3.2.4. 3.2.4.1.

3.2.5. 3.2.5.1.

3.2.6. 3.2.6.1.

3.3.7. 4. Specific comments

4.1. Amendments to Regulation (EU) No 1092/2010 of the European Parliament and of the Council (8)

4.1.3. 4.1.3.1.

4.2. Amendments to Regulations (EU) No 1093/2010 (10) , (EU) No 1094/2010 (11) and (EU) No 1095/2010 (12) of the European Parliament and of the Council

4.2.1. 4.3. Amendments to Regulation (EU) 2021/523 of the European Parliament and of the Council (13)

4.3.1. Brussels, 14 February 2024.

The President of the European Economic and Social Committee

Oliver RÖPKE

(1) COM(2023) 593 final; COM(2023) 660 final.

(2) COM(2023) 168 final.

(3) COM(2023) 593 final.

(4) COM(2023) 660 final.

(5) COM(2023) 168 final.

(6) COM(2023) 593 final.

(7) COM(2023) 660 final.

(8) Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board (OJ L 331, 15.12.2010, p. 1).

(9) ‘Without prejudice to other obligations laid down in Union law for sharing information, the ESRB shall, upon justified request and on a case-by-case basis, share with the Commission or one of the authorities referred to in paragraph 8 information that other authorities have reported to it pursuant to their obligations under Union law. The ESRB shall transmit that information in a form that does not allow the identification of individual entities and does not contain personal data’.

(10) Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).

(11) Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48).

(12) Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).

(13) Regulation (EU) 2021/523 of the European Parliament and of the Council of 24 March 2021 establishing the InvestEU Programme and amending Regulation (EU) 2015/1017 (OJ L 107, 26.3.2021, p. 30).

ELI: http://data.europa.eu/eli/C/2024/2485/oj

ISSN 1977-091X (electronic edition)