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Changes from report parliamentary committee draft to plenary report

CONT-PR-753530 → A-9-2024-0103

From
CONT-PR-753530 report parliamentary committee draft of 9 Jan 2024
To
A-9-2024-0103 Plenary report of 12 Mar 2024
Changes
25 changes to the text
Paragraphs
+0 added · −0 removed · 30 changed
More facts (2)
Title (from)
on discharge in respect of the implementation of the budget of the European Securities and Markets Authority for the financial year 2022
Title (to)
on discharge in respect of the implementation of the budget of the European Securities and Markets Authority for the financial year 2022
Cite Link to this page

Changes that matter, 25

Changes to the text in document order — the ones the change notes describe. Cover page, renumbering and punctuation-only edits are left out (see “Every difference”); changes to citations and references stay in and are marked as formal in the notes.

Change 1

Changed1. Grants the Executive Director of the European Securities and Markets Authority discharge in respect of the implementation of the Authority’s budget for the financial year 2022 / Postpones its decision on granting the Executive Director of the European Securities and Markets Authority discharge in respect of the implementation of the Authority’s budget for the financial year 2022;

Change 2 under “2. PROPOSAL FOR A EUROPEAN PARLIAMENT DECISION”

Changed1. Approves the closure of the accounts of the European Securities and Markets Authority for the financial year 2022 / Postpones the closure of the accounts of the European Securities and Markets Authority for the financial year 2022;

Change 3 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed1. Notes with satisfaction that the budget monitoring efforts during the financial year 2022 resulted in a budget implementation rate of 98,78 %, representing a small decrease of 1,17 % compared to 2021; notes that the execution rate of payment appropriations was at 89,83 %, representing a slight decrease of 0,08 % compared to the previous year;

Change 4 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed2. Notes from the Authority’s opinion of 5 July 2023 with regard to the follow-up measures taken in light of the discharge in respect of the implementation of the budget of the Authority for the financial year 2021(hereinafter ‘The Authority’s Opinion’) , that the Authority - given the growing complexity of its budget structurestructure, -the Authority considers theit revisionnecessary ofto revise its fee-funding model necessary to beenable ableit to react both suitably and swiftly to significant financial market developments while being able to manage more efficiently the increasing number of fee sources derived from direct supervisory mandates;

Change 5 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed3. Notes that the Authority uses certain measures such as key performance indicators (KPIs) to assess the added value provided by its activities and other measures to improve its budget management; commends the Authority for having completed 90 % of its 2022 work programme being 90 % completed,, with most of its KPIskey performance indicators having been achieved or exceeded;

Change 6 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed4. Welcomes the Authority’s responsesresponse to geopolitical challenges in 2022; notes in thisthat context that the Authority has intensified its risk monitoring and supervisory activities in response to the RussianRussia’s illegalunprovoked and unprovokedillegal invasion of Ukraine, ensuring heightened vigilance in assessing potential impacts on Union’s financial markets and taking necessary actions to safeguard market stability and investor protection; notesalso moreovernotes that in the context of the energy crisis, the Authority made public its high-level assessment concerning the areas where the Commission requested input on measures to limit excessive volatility and to alleviate liquidity pressures on non-financial counterparties active on gas and electricity markets, and has adopted temporary emergency measures to address those liquidity constraints;

Change 7 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed5. Notes that in 2022 the Authority’s strategic priorities focused on three cross-cutting topics:topics, supportnamely supporting the development of sound capital markets, promoting sustainable finance and innovationinnovation, and fostering innovation and digitalisation; welcomes the fact that the Authority delivered on those priorities in 2022 through a range of actions, such as the delivery of technical input to the Commission on investor protection aspects of the MiFID II and MiFIR review and with regard to the Listing Act, the publication of the Authority’s 2022-2024 sustainable finance roadmap, and the issuance of warnings to investors and national competent authorities (NCA)(NCAs) about the risks of crypto assets, among others;

Change 8 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed6. Recognises the Authority’s achievements in 2022, which was a significant year from the supervisory convergence perspective, with several Commoncommon Supervisorysupervisory Actions,actions, three major peer reviews in addition to the mandatory annual peer review on central counterparties (CCP),counterparties, including one detailing the actions undertaken by NCAs linked to relocations following the UK’s withdrawal from Union, and the first recommendations issued by the Authority to a NCA under Art. 16 of its Founding Regulation, with the aim toof structurally strengthenstrengthening the supervisory approach and capacity of NCA;NCAs;

Show 17 more changes

Change 9 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed7. Notes, in addition,Notes the publication by the Authority in 2022 of a report on the European market for emission allowances and derivatives, which put forward a number of policy recommendations to improve market transparency and monitoring, as well as the coordination by the Authority of the first ever mystery shopping exercise among a number of NCAs, and the launch of the Authority’s new strategy for the 2023-2028;

Change 10 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed8. Observes that the Authority continues to pursue efficiency gains and synergies in its areas of activity; notes in thisthat context that the Authority conducted an evaluation of its annual work programme (AWP) to enhance efficiency by allocating resources effectively in response to external factors (e.g.such theas RussianRussia’s invasion of Ukraine),Ukraine, including with regard to the legislative proposals on the European Single Access Point legislative proposals,Point, which were initially not envisaged in the Authority’s 2022 AWP;annual work programme; commends the fact that, as part of its efficiency strategy, the Authority continues to share an accounting officer with the European Banking Authority (EBA);Authority;

Change 11 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed9. Notes some of the internal measures implemented to achieve efficiency gains and synergies, such as a full internal redeployment that permitted the Authority to take over new mandates and tasks, without the need for additional resources, a further optimisation of procurement resources by joining more inter-institutional procedures and by leading major inter-agency procurements, as well as a simplification of processes in the area of budgetary management and investments in audio, video conferencing, andas well as voting tools made during the pandemic, which are allowing for remote work; notes furthermore that the Authority plans to holdhave fewer missions for its staff and more remote meetings in the future, thusthereby increasing its flexibility and reducing costs;

Change 12 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed10. Acknowledges that all of the Authority's administration and support functionsfunctions, (HR,namely human resources, ethics, finance, procurement and facility management processes)processes, have been digitalised (zero paper) for several years;years, thus pursuing a zero paper policy; notes that in 2022 the Authority had its information and communication technology infrastructure migrated to the public cloud, with savings expected when systems are scaled up; welcomes the fact that in Q4the fourth quarter of 20222022, the Authority started the process to onboard the Publicpublic Procurementprocurement Managementmanagement Tool;tool;

Change 13 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed11. Notes that, on 31 December 2022, the establishment plan was 87,60 % implemented, with 219 temporary agents appointed out of 243 temporary agents authorised under the Union budgetbudget, (comparedcompared to 250 authorised posts in 2021);2021; notes that, in addition, 91 contract agents and 12 seconded national experts worked for the Authority in 2022;

Change 14 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed12. Notes that in 20222022, the total number of staff overall increased by 4,545 % compared to 2021; further notes that, inwith regard to the geographical balance, at the end of the year 2022, the staff of the AuthorityAuthority, (temporarynamelytemporary agents, contractual agents and seconded national experts (SNEs))experts, included 24 different nationalities of the Union; recalls the importance of ensuring a balanced geographical representation among the Authority's management and overall staff;

Change 15 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed13. NotesWelcomes the fact that the Authority is close to achieving gender balance at management and staff level; notes the gender distribution within the Authority’s senior and middle management staff, with 16 out of 30 being women (53 %); notes the gender distribution within the Authority’s Management Board (MB),Board, with 4 out of 7 being men (57 %); further notes the gender distribution within the Authority’s overall staff, with 175 out of 322 being men (54 %);

Change 16 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed16. Recalls from the Court’s report on the annual accounts of the Authority for the financial year 2021 the observation with regard to the Authority havingAuthority’s decideddecision to launch a negotiated procedure without advertising it, thus beingit in breach of point 3.1 of Annex I to the Financial Regulation; notes from the Authority’s Opinion that the omission of ex-ante publicity was justified by the specific scope of the procurement and duly documented ex-post, further underlying that all necessary measures to prevent a similar situation from happening in future were undertaken;

Change 17 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed17. Draws attention to note IV.1 to the Agency’sAuthority’s annual account for 2022, which describes an uncertainty related to the outcome of a lawsuit (“UniSystems Luxembourg and Unisystems systimata plioforikis vs ESMA”) in relation to the decision in a joint procurement procedure contested by an applicant at the Union’s General Court;

Change 18 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed18. Notes that the Authority revised the Conflictconflict of Interestsinterests Policypolicy for non-staff in 2022, which covers staff members, SNEsseconded andnational traineesexperts ;and trainees; commends the Authority for undertaking several actions to raise awareness of conflicts of interest and ethics rules, including by conducting induction sessions for newcomers, and for holding an all-staff session to brief staff about the main facts and figures in ethics, provide in-depth clarifications on dealing with financial instruments and share the priorities for 2022;

Change 19 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed19. Notes that for the annual declarations of conflicts of interest examined by the Authority in 2022, no issues were raised relating to potential conflicts of interest; observes that, in addition to the annual declarations, the Authority reviewed and assessed in 2022 a considerable number of requests and declarations from the staff (54, namely 54 declaration in selection procedures, 13 declarations on gainful employment of spouse, 41 requests for outside activity, 21 requests for publication or speech, 23 requests to deal in financial instruments, 10 requests for activity while on leave on personal grounds, and 10 declarations on intended activity after leaving the Authority);Authority; notes in thisthat context that, while the majority of the declarations raised no conflict-of-interest concerns, in two instances a change in the composition of the selection board was recommended, and in one instance safeguards were imposed in respect of a manager leaving the Authority, such as a cut-off from confidential information and a temporary (one-year) lobbyone-year ban towardson thelobbying staff;

Change 20 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed20. Welcomes the fact that the Authority publishes CVs and declarations of interest of its Management Board members and management staff; commends the transparent manner in which the Authority reports the meetings of its staff with external stakeholders and makes them available on the its website;

Change 21 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed21. Recalls from the Court’s report on the annual accounts of the Authority for the financial year 2021 the Court’s observation regarding the weaknesses found in the Authority’s management and control systems relating to conflicts of interest; notes in thisthat context that in 2022 the Authority’s Ethicsethics Teamteam initiated a practice toof systematically collectcollecting declarations of interest offrom the reporting officers of Seniorsenior Managers,managers, to ensure no conflict-of-interest risks arise during the process of appraisal of the Authority’s senior managers; recallsalso moreoverrecalls that the Boardboard of Supervisorssupervisors adopted an amended conflict of interest policy to introduce an explicit requirement for conflicted individuals, i.e., Boardboard Members,members, Alternatesalternates or NCA coordinators, to leave the room for the deliberations on the relevant item, and to abstain from voting in written procedures; commends the Agency for having addressed the Court’s observation that is now deemed asto be closed;

Change 22 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed23. Notes that the Authority was audited by the Internal Audit Service of the Commission (IAS) on Datadata Managementmanagement in 2022, acknowledging the achievements made in setting up the data management framework, as well as the continued efforts to define a more coherent vision on the data management activities; notes nevertheless that the IAS identified weaknesses in both the design, and effective and efficient implementation of the internal control systems set up for the data management processes and issued five recommendations, two of them being very important; calls on the Authority to address those weaknesses and report to the discharge authority on the progress made in this regard;

Change 23 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed24. Notes that following its annual organisational risk assessment, the Authority identified risks in 2022 such as, among others,as fragile, more volatile markets that may affect financial stability, put investors at risk investors and increase supervisory risk for the Authority, the risk of inadequate resources or lack of expertise in certain areas to adapt to the new challenges and the risk of a cyberattack targeting the Authority and affecting the security of IT systems ;systems; calls on the Authority to take all the mitigation actions necessary to address those risks;

Change 24 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed26. Notes that in 2022 the Authority, together with the other ESAs,European Supervisory Authorities, issued warnings to consumers in relation to the high-risk and speculative activities associated with many crypto-assets;

Change 25 under “3. MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION”

Changed27. Refers, for other observations of a cross-cutting nature accompanying its decision on discharge, to its resolution of [...] April 2024 on the performance, financial management and control of the agencies.

Sources & citation

Where the facts on this page come from, and how to cite it.

Permalink
https://news.eu-parl.st-solutions.dev/texts/CONT-PR-753530/compare/A-9-2024-0103
Data source
Licensed CC BY 4.0.
Retrieved
25 September 2026

Cite as

European Parliament (2024). “Changes between CONT-PR-753530 and A-9-2024-0103”. Text, 12 March 2024. from CONT-PR-753530, to A-9-2024-0103. EU Parl Watch Research. https://news.eu-parl.st-solutions.dev/texts/CONT-PR-753530/compare/A-9-2024-0103 (retrieved 25 September 2026). Data: European Parliament Open Data, https://data.europarl.europa.eu/ (CC BY 4.0).
BibTeX 
@misc{epw-text-2024-03-12,
  author = {{European Parliament}},
  title = {{Changes between CONT-PR-753530 and A-9-2024-0103}},
  year = {2024},
  date = {2024-03-12},
  howpublished = {\url{https://news.eu-parl.st-solutions.dev/texts/CONT-PR-753530/compare/A-9-2024-0103}},
  url = {https://news.eu-parl.st-solutions.dev/texts/CONT-PR-753530/compare/A-9-2024-0103},
  urldate = {2026-09-25},
  publisher = {EU Parl Watch Research},
  note = {Text. from CONT-PR-753530, to A-9-2024-0103. Data: European Parliament Open Data (CC BY 4.0)}
}