11 Amendments of Siegfried MUREŞAN related to 2016/0276(COD)
Amendment 135 #
Proposal for a regulation
Recital 9
Recital 9
(9) Additionality, a key feature of the EFSI, should be strengthened in the selection of projects. In particular, operations should only be eligible for EFSI support if they address clearly identified market failures or sub-optimal investment situations. Operations in infrastructure under the Infrastructure and Innovation Window linking two or more Member States or regions, including e- infrastructure, should be considered additional given their inherent difficulty and their high added value for the Union. Any project seeking EFSI financing that is co-financed with an ESIF contribution should be considered additional, given the imperative need to create synergies between the different EU funding sources.
Amendment 176 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) Although cooperation between the EIB and national promotional banks or institutions and investment platforms is encouraged, such a cooperation should in no way be detrimental to Member States which have not established such institutions or platforms.
Amendment 230 #
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21 a) In order to address market failures and gaps, to stimulate adequate additional investments, and to promote the geographic and regional balance of EFSI-backed operations, an integrated and streamlined approach to the aim of promoting growth, jobs and investments is necessary. The Steering Board should set out guidelines which foresee that: - if appropriate, EFSI should take a junior position versus other investors, and the pricing of the guarantee should be modulated including blending where necessary to enable projects in order to maximize leverage of funds and to take into account local market conditions; - the pricing policy for equity-type operations taking into account that pricing levels should, if appropriate, remain behind market prices significantly, without, however, jeopardizing significantly the revenues of the EU budget. According to the principle of subsidiarity, a higher pricing can be agreed where the private or public investors plan to bring in sufficient equity risk taking money.
Amendment 264 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 2
Article 5 – paragraph 1 – subparagraph 2
Amendment 272 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/2017
Article 5 – paragraph 1– subparagraph 3
Article 5 – paragraph 1– subparagraph 3
To better address market failures or sub- optimal investment situations, EIB special activities supported by the EFSI shall typically have features such as subordination, participation in risk- sharing instruments, cross-border characteristics, exposure to specific risks or other identifiable aspects as further described in Annex IIthereby ensuring complementarity and thus avoiding crowding out vis-à-vis participants in the same market, EIB special activities supported by the EFSI shall, if appropriate, have the feature of subordination, and take a junior position vis-à-vis other investors, in order to ensure additionality.
Amendment 291 #
(2 a) the following paragraph is added: ‘2a. Furthermore, in line with the pricing policies, the Steering Board shall set out guidelines which foresee that: - if appropriate, EFSI shall take a junior position versus other investors, and the pricing of the guarantee shall be modulated including blending where necessary to enable projects in order to maximize leverage of funds and to take into account local market conditions; - the pricing policy for equity-type operations taking into account that pricing levels shall, if appropriate, remain behind market prices significantly. According to the principle of subsidiarity, a higher pricing can be agreed where the private or public investors plan to bring in sufficient equity risk taking money;’;
Amendment 304 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a (new)
Article 1 – paragraph 1 – point 4 – point -a (new)
Regulation (EU) No 2015/1017
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
(-a) in paragraph 3, the first subparagraph is replaced by the following: ‘The Steering Board shall comprise fourive members: three appointed by the Commission, one by the EIB and one by the EIBuropean Parliament. The nominee of the European Parliament shall not be a serving Member of the European Parliament. The Steering Board shall elect a Chairperson from among its members for a fixed term of three years, renewable once. The Steering Board shall strive to take its decisions by consensus. In the event that a consensus cannot be reached, the Steering Board shall decide by a four- fifths majority of its component members.’;
Amendment 316 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a a (new) Regulation (EU) No 2015/1017
Article 1 – paragraph 1 – point 4 – point -a a (new) Regulation (EU) No 2015/1017
(-aa) in paragraph 5, the second subparagraph is replaced by the following: ‘The Managing Director shall be assisted by a deputy managing director. The Managing Director shall report every quarter on the activities of the EFSI to the Steering Board.and the Deputy Managing Director shall participate in the meetings of the Steering Board as non- voting members.’;
Amendment 331 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point d
Article 1 – paragraph 1 – point 4 – point d
Regulation (EU) No 2015/1017
Article 7 – paragraph 12 – subparagraph 2 – second sentence
Article 7 – paragraph 12 – subparagraph 2 – second sentence
Decisions approving the use of the EU guarantee shall be public and accessible, and. They shall include the rationale for the decision, with particular focus on compliance with the additionality criterion. The publication shall not contain commercially sensitive information and an explanation on how the scoreboard was used to justify the use of the EU guarantee. The scoreboard shall also be public. The publication of the decisions shall not contain commercially sensitive information. In case of commercially sensitive decisions, the EIB shall forward to the European Parliament such decisions and information concerning promoters or financial intermediaries at the date of closing of the relevant financing or any earlier date when commercial sensitivity ends. In reaching its decision, the Investment Committee shall be supported by the documentation provided by the EIB.;
Amendment 434 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point c a (new)
Article 1 – paragraph 1 – point 9 – point c a (new)
Regulation (EU) No 2015/1017
Article 14 – paragraph 5 a (new)
Article 14 – paragraph 5 a (new)
(c a) A new paragraph is inserted after paragraph 5: ‘(5a) The EIAH shall make use of the list referred to in Article 16(2a), in order to assist, in a proactive manner and as appropriate, possible project promoters in further developing their proposals for funding under EFSI.’
Amendment 447 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 a (new)
Article 1 – paragraph 1 – point 9 a (new)
Regulation (EU) No 2015/1017
Article 16 – paragraph 2 a (new)
Article 16 – paragraph 2 a (new)
(9 a) In Article 16, a new paragraph is inserted after paragraph 2: ‘2a The EIB shall submit every six months to the European Parliament, the Council, the Commission and the EIAH, a list of all investment proposals submitted for the use of the EU guarantee, including those that are not pre-selected for submission to the Investment Committee, subject to strict confidentiality requirements.’