P8_TA(2016)0146 Indices used as benchmarks in financial instruments and financial contracts ***I European Parliament legislative resolution of 28 April 2016 on the proposal for a regulation of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts (COM(2013)0641 — C7-0301/2013 — 2013/0314(COD)) P8_TC1-COD(2013)0314 Position of the European Parliament adopted at first reading on 28 April 2016 with a view to the adoption of Regulation (EU) 2016/… of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014
Date: 2016-04-28
Institutions: Committee on Budgets, Committee on Economic and Monetary Affairs, Committee on Industry, Research and Energy, Committee on Legal Affairs, Committee on the Internal Market and Consumer Protection, European Parliament
Subjects: Euribor, consumer protection, domestic market, financial control, financial legislation, financial market, price index








C_2018066EN.01006801.xml










21.2.2018   


EN


Official Journal of the European Union


C 66/68





P8_TA(2016)0146
Indices used as benchmarks in financial instruments and financial contracts ***I
European Parliament legislative resolution of 28 April 2016 on the proposal for a regulation of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts (COM(2013)0641 — C7-0301/2013 — 2013/0314(COD))
(Ordinary legislative procedure: first reading)
(2018/C 066/14)

The European Parliament,






—


having regard to the Commission proposal to Parliament and the Council (COM(2013)0641),










—


having regard to Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C7-0301/2013),










—


having regard to Article 294(3) of the Treaty on the Functioning of the European Union,










—


having regard to the reasoned opinion submitted, within the framework of Protocol No 2 on the application of the principles of subsidiarity and proportionality, by the United Kingdom House of Commons, asserting that the draft legislative act does not comply with the principle of subsidiarity,










—


having regard to the opinion of the European Central Bank of 7 January 2014 (1),










—


having regard to the opinion of the European Economic and Social Committee of 21 January 2014 (2),










—


having regard to the undertaking given by the Council representative by letter of 9 December 2015 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,










—


having regard to Rule 59 of its Rules of Procedure,










—


having regard to the report of the Committee on Economic and Monetary Affairs and the opinion of the Committee on Industry, Research and Energy (A8-0131/2015),












1.


Adopts its position at first reading hereinafter set out (3);












2.


Calls on the Commission to refer the matter to Parliament again if it intends to amend its proposal substantially or replace it with another text;












3.


Instructs its President to forward its position to the Council, the Commission and the national parliaments.






(1)  OJ C 113, 15.4.2014, p. 1.

(2)  OJ C 177, 11.6.2014, p. 42.

(3)  This position replaces the amendments adopted on 19 May 2015 (Texts adopted, P8_TA(2015)0195).


P8_TC1-COD(2013)0314
Position of the European Parliament adopted at first reading on 28 April 2016 with a view to the adoption of Regulation (EU) 2016/… of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Regulation (EU) 2016/1011.)