Sittings · Document
Amending certain financial services and investment support Regulations as regards certain reporting requirements
3.10.2025 A10-0166/1
Amendment 1
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Recital 15
| Council position | Amendment |
| (15) Innovation cycles in the financial sector are accelerating, and becoming more open and increasingly collaborative. It should therefore be possible for authorities to share information with financial institutions, researchers and other entities that can demonstrate to the relevant authority that they have a legitimate interest in using that information for the purposes of research and innovation beyond the initial purpose for which the information was collected. The sharing of such information would enhance its utility by increasing the information available for financial sector research, and would provide more opportunities to test products and business models. It would also allow greater collaboration between the various financial market participants, including fintech undertakings, start-ups and incumbent financial institutions. The re-use of data shared by authorities is governed by the general framework laid down in Chapter II of Regulation (EU) 2022/868 of the European Parliament and of the Council13 . However, considering the sensitive nature of the data that the authorities in the financial sector receive for supervision purposes , the protection of the public interest and in particular of the economic security of the Union should be ensured when such data is re-used. Therefore, this Regulation introduces specific mandatory conditions for the re-use of such data, including the anonymisation of personal and non-personal data, to ensure that individual financial institutions cannot be identified and that confidential information is protected. All procedures and steps in the collection, standardisation, anonymisation, storage and sharing of such data should be subject to the latest cybersecurity measures provided for by Union law. | deleted |
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| 13 Regulation (EU) 2022/868 of the European Parliament and of the Council of 30 May 2022 on European data governance and amending Regulation (EU) 2018/1724 (Data Governance Act) (OJ L 152, 3.6.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/868/oj). |
Or. en
Justification
The potentials for abuse are so manifold, especially where big money is involved, that the dangers of this institutionalized leak outweigh its potential advantages for any research or products. Here, the combination of strong monetary resources and the obvious benefits for financial institutions (also via pseudo-research projects) to acquire competitive advantages are self-evident, especially considering problematic government-private collusion, repeated data leaks and the high amount of data the EU gathers via its excessive mandatory reporting.
3.10.2025 A10-0166/2
Amendment 2
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Article 1 – paragraph 1 – point 2
Regulation (EU) No 1092/2010
Article 15 – paragraph 15
| Council position | Amendment |
| 15. The ESRB may, at its own discretion, grant access to information obtained when carrying out its duties for re-use by financial institutions, researchers and other entities that have a legitimate interest in that information for research and innovation purposes, provided that the ESRB has ensured that all of the following conditions have been complied with: | deleted |
| (a) the necessary measures have been taken to anonymise the information in a manner that prevents individual financial institutions, entities, data subjects and Member States from being identified; | |
| (b) the information has been modified, aggregated or treated by any other method of disclosure control to protect confidential information, including trade secrets, or content covered by intellectual property rights. | |
| Information received from any authority shall be shared pursuant to the first subparagraph only with the consent of the authority that initially obtained that information. |
Or. en
3.10.2025 A10-0166/3
Amendment 3
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Article 2 – paragraph 1 – point 5
Regulation (EU) No 1093/2010
Article 35a – paragraph 10
| Council position | Amendment |
| 10. The Authority, the European Central Bank as referred to in Article 4, point (2)(i), and the competent authorities may, at their own discretion, grant access to information obtained when carrying out their duties for re-use by financial institutions, researchers and other entities that have a legitimate interest in that information for research and innovation purposes, provided that the Authority, the European Central Bank as referred to in Article 4, paragraph 2, point (i), or the competent authority granting the access, has ensured that all of the following conditions have been complied with: | deleted |
| (a) the necessary measures have been taken to anonymise the information in a manner that prevents individual financial institutions, entities, data subjects and, where it is the Authority or the European Central Bank which grants access to the information, Member States from being identified; | |
| (b) the information has been modified, aggregated or treated by any other method of disclosure control to protect confidential information, including trade secrets or content covered by intellectual property rights. | |
| Information received from any authority shall be shared pursuant to the first subparagraph only with the consent of the authority that initially obtained that information. |
Or. en
3.10.2025 A10-0166/4
Amendment 4
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Article 3 – paragraph 1 – point 5
Regulation (EU) No 1094/2010
Article 35a – paragraph 10
| Council position | Amendment |
| 10. The Authority and the competent authorities may, at their own discretion, grant access to information obtained when carrying out their duties for re-use by financial institutions, researchers and other entities that have a legitimate interest in that information for research and innovation purposes, provided that the Authority or the competent authority granting access has ensured that all of the following conditions have been complied with: | deleted |
| (a) the necessary measures have been taken to anonymise the information, in a manner that prevents individual financial institutions, entities, data subjects and, where it is the Authority which grants access to the information, Member States from being identified; | |
| (b) the information has been modified, aggregated or treated by any other method of disclosure control to protect confidential information, including trade secrets or content covered by intellectual property rights. | |
| Information received from any authority shall be shared pursuant to the first subparagraph only with the consent of the authority that initially obtained that information. |
Or. en
3.10.2025 A10-0166/5
Amendment 5
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Article 4 – paragraph 1 – point 5
Regulation (EU) No 1095/2010
Article 35a – paragraph 10
| Council position | Amendment |
| 10. The Authority and the competent authorities may, at their own discretion, grant access to information obtained when carrying out their duties for re-use by financial institutions, researchers and other entities that have a legitimate interest in that information for research and innovation purposes, provided that the Authority or the competent authority granting access has ensured that all of the following conditions have been complied with: | deleted |
| (a) the necessary measures have been taken to anonymise the information, in a manner that prevents individual financial institutions, entities, data subjects and, where it is the Authority which grants access to the information, Member States from being identified; | |
| (b) the information has been modified, aggregated or treated by any other method of disclosure control to protect confidential information, including trade secrets or content covered by intellectual property rights. | |
| Information received from any authority shall be shared pursuant to the first subparagraph only with the consent of the authority that initially obtained that information. |
Or. en
3.10.2025 A10-0166/6
Amendment 6
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Article 5 – paragraph 1 – point 1
Regulation (EU) No 806/2014
Article 31a – paragraph 10
| Council position | Amendment |
| 10. The Board and the resolution authorities may, at their own discretion, grant access to information obtained when carrying out their duties for re-use by financial institutions, researchers and other entities that have a legitimate interest in that information for research and innovation purposes, provided that the Board or the resolution authority granting access has ensured that all of the following conditions have been complied with: | deleted |
| (a) the necessary measures have been taken to anonymise the information, in a manner that prevents individual financial institutions, entities, data subjects and, where it is the Board which grants access to the information, Member States from being identified; | |
| (b) the information has been modified, aggregated or treated by any other method of disclosure control to protect confidential information, including trade secrets or content covered by intellectual property rights. | |
| Information received from any authority shall be shared pursuant to the first subparagraph only with the consent of the authority that initially obtained that information. |
Or. en
3.10.2025 A10-0166/7
Amendment 7
Rada Laykova
on behalf of the ESN Group
Recommendation for second reading A10-0166/2025
Paulius Saudargas
Amending certain financial services and investment support Regulations as regards certain reporting requirements
(07377/1/2025 – C10-0196/2025 – 2023/0363(COD))
Council position
Article 7 – paragraph 1 – point 3
Regulation (EU) No 1620/2024
Article 92a – paragraph 10
| Council position | Amendment |
| 10. The Authority and the financial supervisors may, at their own discretion, grant access to information obtained when carrying out their duties for re-use by obliged entities, researchers and other entities that have a legitimate interest in that information for research and innovation purposes, provided that the Authority or the financial supervisors granting access have ensured that all of the following conditions have been complied with: | deleted |
| (a) the necessary measures have been taken to anonymise the information, in a manner that prevents individual obliged entities, data subjects, and, where it is the Authority which grants access to the information, Member States from being identified; | |
| (b) the information has been modified, aggregated or treated by any other method of disclosure control to protect confidential information, including trade secrets or content covered by intellectual property rights; | |
| Information received from any authority shall be shared pursuant to the first subparagraph only with the consent of the authority that initially obtained that information. |
Or. en