7 Amendments of Marco VALLI related to 2016/0275(COD)
Amendment 54 #
Proposal for a decision
Recital 15 a (new)
Recital 15 a (new)
(15a) In order to prevent and combat fraud and abuse with regard to credits disbursed, it is deemed necessary to make the disbursement of direct and indirect loans conditional on the publication of country-by-country tax and accountancy data and on the disclosure of information on beneficial ownership by the beneficiaries and financial intermediaries involved in the financing operations.
Amendment 73 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point b
Article 1 – paragraph 1 – point 2 – point b
Decision No 466/2014/EU
Article 3 – paragraph 5 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
To ensure that private sector investments have the greatest development impact, the EIB shall endeavour to strengthen the local private sector in beneficiary countries through support to local investment as provided for in point (a) of paragraph 1. EIB financing operations supporting the general objectives set out in paragraph 1 shall endeavour to also enhance its support to investment projects run by SMEs from the Union. In order to effectively monitor the use of funds for the benefit of the SMEs concerned, the EIB shall establish and maintain adequate contractual provisions imposing standard reporting obligations on both the financial intermediaries and the beneficiaries;, with a requirement for the beneficiaries and financial intermediaries involved in the financing operations to publish country- by-country tax and accountancy data and to disclose information on beneficial ownership. (This amendment applies throughout the text; adoption thereof will necessitate corresponding adjustments throughout.)
Amendment 78 #
Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c
Article 1 – paragraph 1 – point 2 – point c
Decision No 466/2014/EU
Article 3 – paragraph 8 – subparagraph 1
Article 3 – paragraph 8 – subparagraph 1
EIB financing operations supporting the general objectives set out in point (d) of paragraph 1 shall back investment projects that address root causes of the migration and contribute to long-term economic resilience, creating a circular economy and safeguarding sustainable development in beneficiary countries. EIB financing operations shall, in particular, address increased needs for infrastructure and related services to cater for the migrants influx, and boost employment opportunities for host and refugee communities to foster economic integration and enable refugees to become self-reliant. (This amendment applies throughout the text; adoption thereof will necessitate corresponding adjustments throughout.)
Amendment 85 #
Proposal for a decision
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Decision No 466/2014/EU
Article 9 – paragraph 5
Article 9 – paragraph 5
(3a) Article 9 – Paragraph 5 is replaced by the following: “5. The results of monitoring shall, where possible, be disclosed, subject to confidentiality requirements and the agreement of relevant parties.” (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014D0466)”“ (This amendment applies throughout the text; adoption thereof will necessitate corresponding adjustments throughout.) Or. it
Amendment 89 #
Proposal for a decision
Article 1 – paragraph 1 – point 3 b (new)
Article 1 – paragraph 1 – point 3 b (new)
Decision No 466/2014/EU
Article 9 – paragraph 2
Article 9 – paragraph 2
(3b) Article 9 – Paragraph 2 is replaced by the following: “2. In addition to the ex-ante assessment of development-related aspects, the EIB shall monitor the implementation of financing operations. In particular, it shall require the project promoters to carry out thorough monitoring during project implementation until completion, inter alia, on the economic, development, social, environmental and human rights impact of the investment project. The ex-ante assessment shall be carried out by an independent body and the results shall be public. The EIB shall verify on a regular basis the information provided by the project promoters and make it publicly available if the project promoter agrees. Where possible, p. Project completion reports related to EIB financing operations shall be published excluding confidential information.” (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014D0466)(This amendment applies throughout the text. adoption thereof will necessitate corresponding adjustments throughout.) Or. it
Amendment 97 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Decision No 466/2014/EU
Article 11 – paragraph 6
Article 11 – paragraph 6
Amendment 105 #
Proposal for a decision
Article 1 – paragraph 1 – point 5 b (new)
Article 1 – paragraph 1 – point 5 b (new)
Decision No 466/2014/EU
Article 13
Article 13
(5b) Article 13 is replaced by the following: “Article 13 Non-cooperative jurisdictions In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion, corruption, and fraud affecting the financial interests of the Union. In particular the EIB and the financial intermediaries it uses shall not participate in any financing operation implemented in an eligible country through a foreign vehicle located in a non- cooperative jurisdiction identified as such by the Union, the United Nations, the Organisation for Economic Cooperation and Development or the Financial Action Task Force. In its financing operations, the EIB and the financial intermediaries it uses shall apply the principles and standards set out in Union law on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, including a requirement to take reasonable measures to identify the beneficial owners where applicable.” (This amendment applies throughout the text; adoption thereof will necessitate corresponding adjustments throughout.) Or. it (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014D0466)