8 Amendments of Fulvio MARTUSCIELLO related to 2015/0009(COD)
Amendment 248 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value while also contributing to strengthening the Union's economic, social and territorial cohesion. In particular, the EFSI should target projects that promote job creation, long- term growth and competitiveness. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 312 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
The EFSI Agreement shall provide that the EFSI shall have an Investment Committee, which shall be responsible for examining potential operations in line with the EFSI investment policies and approving the support of the EU guarantee for operations in line with Article 5, irrespective of their geographic location. The opinion of the Investment Committee shall be non- binding as regards the approval of the selected operations.
Amendment 318 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixfive independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance and be appointed by the Steering Board for a renewable fixed term of three years.
Amendment 402 #
Proposal for a regulation
Recital 22
Recital 22
(22) In accordance with the Treaty on the Functioning of the European Union, Infrastructure and project investments supported under EFSI should be consistent with State aid rules. To that end, the Commission has announced that it will formulate a set of core principles, for the purpose of State aid assessments, which a project will have to meet to be eligible for support under the EFSI. If a project meets these criteria and receives support from the EFSI, tThe Commission has also announced that any national complementary support, will be assessed under a simplified and accelerated State aid assessment whereby the only additional issue to be verified by the Commission will be the proportionality of public support (absence of overcompensation). The Commission has also announced that it will provide further guidance on the set of core principles with a view to ensuring an efficient use of public fund, with a view to ensuring an efficient use of public funds, it will provide further guidance on the set of core principles in order to ensure that any national complementary support for projects receiving support from the EFSI is fully consistent with current sector- specific State aid rules.
Amendment 830 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
The EFSI Agreement shall provide that the EFSI shall have an Investment Committee, which shall be responsible for examining potential operations in line with the EFSI investment policies and approving the support of the EU guarantee for operations in line with Article 5, irrespective of their geographic location. The opinion of the Investment Committee shall be non- binding as regards the approval of the selected operations.
Amendment 848 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixfive independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance and be appointed by the Steering Board for a renewable fixed term of three years.
Amendment 883 #
Proposal for a regulation
Article 3 – paragraph 5 – point 1 (new)
Article 3 – paragraph 5 – point 1 (new)
(1) The Investment Committee shall take into account the Union's goal of economic, social and territorial cohesion with the aim of reducing imbalances across the regions of the Union.
Amendment 1072 #
Proposal for a regulation
Article 5 – paragraph 4 a (new)
Article 5 – paragraph 4 a (new)
4a. The Commission, the EIB and the Member States shall ensure that all investments with the support of the EFSI take into consideration their impact at regional level and on economic, social and territorial cohesion. Effective coordination and synergies between the EFSI and the European Structural and Investment Funds shall be ensured as to contribute to the achievement of the Union's goal of economic, social and territorial cohesion.