Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-477"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100615.29.2-477"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, I would like to thank the rapporteur and all the shadows for their cooperation.
On the electronic publication of the prospectus: I think that is welcome too. The review clause of five years is also welcome.
So all in all, Mr President and rapporteur, the S&D Group supports the compromise reached and we look forward to supporting the first reading deal in tomorrow’s vote.
I believe that the compromises reached are accepted by the S&D Group as they are fair and we believe will lead to greater investor protection, in particular, for small retail investors. I think, as the Commissioner said, it is in the spirit of the original directive.
If we look at the summary and the key information document – Dr Klinz has spoken about that and the need to have clarity – I think we have reached a wording which will ensure clarity, whilst being clear that civil liability remains with the base prospectus.
In addition, we have clarified the period when publication of a prospectus or supplementary information to it is required; we have also clarified the requirement for and liabilities of the prospectus when securities are sold via intermediaries and not directly by the issuer.
On threshold: I would say it was more a tweaking exercise than dramatic change, but the compromises reached were fair and balanced and the S&D Group supports these.
I think it is a welcome step to be clear about the definition of a qualified investor as is the effect of supervision of third country trading.
In line with better regulation, the decision that no prospectus will be required for employee share schemes would appear to be sensible. After all, if employees are not willing to invest in their own firm, maybe the management should take heed.
The work on delegated acts – Dr Klinz has mentioned this. The three months compromise is vitally important and is a move in Parliament’s direction.
I will certainly be using the prospectus directive decision as a benchmark for the work I will be doing as the rapporteur on construction products, while the benchmark that is being used by the Council is the Pets Directive rather than the Prospectus Directive."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples