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Hi Everyone, I am hoping someone can help with an enquiry I've had (given in full below) - the question is does anyone know how long it takes for Parliamentary amendments made at First Reading to appear in the consolidated text of the proposal for a piece of legislation? It is very confusing as a Parliamentary press release mentions a specific amendment that does not then appear in the Parliament's own "text adopted" - so in essence we are trying to find out where the figure mentioned in the press release comes from and how soon it will appear in the consolidated proposal? My enquirer thinks it is a negotiated "additional provisions to [the] draft Directive", but I am not sure what this means. Most grateful for any help. Kind regards Barbara We have received some questions from various clients regarding the proposed EU cap on bankers' bonuses. In the European Parliament's press release of 7 July, they stated that upfront cash bonuses would be capped at 30% (and 20% for large bonuses). The press release can be found here: http://www.europarl.europa.eu/news/expert/infopress_page/042-77908-186-07-28-907-20100706IPR77907-05-07-2010-2010-false/default_en.htm This is mirrored in the FAQs, at this link: http://www.europarl.europa.eu/news/expert/background_page/042-77710-183-07-27-907-20100702BKG77709-02-07-2010-2010-false/default_p001c001_en.htm However, the 30% cap does not appear anywhere in the consolidated text of the proposed amendments to the Directive: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2010-0274 It would appear that this provision was negotiated by the European Parliament and constitutes an addition to the draft Directive. We thought there was a chance that the provision will not appear in the draft text until it receives its first reading by the European Council. From your previous experience, do you know at what point in time such additional provisions to draft Directives appear in the consolidated text? Barbara Blake Information Officer Norton Rose LLP 3 More London Riverside, London SE1 2AQ, United Kingdom Tel +44 (0)20 7283 3607 Fax +44 (0)20 7283 6500 [log in to unmask] CONFIDENTIALITY NOTICE: This email, including any attachments, is confidential and may be privileged. If you are not the intended recipient please notify the sender immediately, and please delete it; you should not copy it or use it for any purpose or disclose its contents to any other person. Norton Rose LLP and its affiliates reserve the right to monitor all email communications through their networks. Norton Rose LLP is a limited liability partnership registered in England and Wales with number OC328697, and is regulated by the Solicitors Regulation Authority. A list of its members and of the other partners is available at its registered office, 3 More London Riverside, London SE1 2AQ, UK; reference to a partner is to a member or to an employee or consultant with equivalent standing and qualification employed or engaged by Norton Rose LLP or any of its affiliates. Norton Rose LLP together with Norton Rose Australia and their affiliates constitute Norton Rose Group, an international legal practice with offices worldwide, details of which, with certain regulatory information, are at www.nortonrose.com. * You are receiving this message because you are subscribed to the EIA list Eurotalk - this list is for EIA members only. * To send a message to the list email [log in to unmask] * When going on holiday or out of the office don't forget to temporarily disable your mail. Send SET * NOMAIL to [log in to unmask] (NOT [log in to unmask]). This command sets NOMAIL for ALL lists you are subscribed to. * On your return catch-up by reading the online archives at http://www.jiscmail.ac.uk/lists/eurotalk.html * For general help and FAQs on using jiscmail go to http://www.jiscmail.ac.uk/help/using/qa.htm