BETA

2055 Amendments of Barbara KAPPEL

Amendment 23 #

2018/2545(RSP)


Paragraph 2
2. Takes the view that given the nature of this strategic instrument and the many differences between SMEs and Member States, the flexibility offered by the 2003 recommendation should be maintained; is convinced that strictly applying the SME definition runs counter to the intentions of the recommendation and ultimately hinders the growth of SMEsthe economy;
2018/04/13
Committee: ITRE
Amendment 83 #

2018/2545(RSP)


Paragraph 8
8. Takes the view that economic diplomacy instruments employed at EU level, such as the Mission for Growth, could be used to address economic challenges and exploit economic opportunities at global level more effectively; calls on the Commission to step up its efforts in that area, without creating duplicate structures; calls, in that connection, for an ‘Export growth in relation to enterprise size’ indicator to be developed and for additional support to be offered to small enterprises with high export volumes;
2018/04/13
Committee: ITRE
Amendment 103 #

2018/2545(RSP)


Paragraph 9
9. Is concerned that, despite the considerable contribution they make to employment and growth by virtue of their productivity, MidCaps (enterprises that have outgrown the SME definition but still have typically medium-sized structures) are being neglected by policy-makers; calls, therefore, for a definition to be established for these companies based on the criteria that they are family-run, have high equity ratio and employ up to 30500 people;
2018/04/13
Committee: ITRE
Amendment 116 #

2018/2545(RSP)


Paragraph 10
10. Calls on the Commission, in addition to the priority EU measures for SMEs, to launch a MidCaps-oriented initiative using new funding, which would cover collaborative research access, digitalisation strategies, export market development and an easing of the Basel specifications and data protection rules;
2018/04/13
Committee: ITRE
Amendment 123 #

2018/2545(RSP)


Paragraph 11
11. Takes the view that SME categorisation should not be exclusively based on the criteria of employee headcount, annual turnover and balance sheet totals; calls, therefore, for the criteria of ‘export-intensive’ (high level of exports in relation to number of employees), ‘largely independently-run’ and ‘high equity ratio’ - to be defined in due course - to be taken into account when categorising companies and for enterprises with these characteristics to at least be exempted from the relevant specific reporting obligations and/or for it to be made easier for them to access financial support;deleted
2018/04/13
Committee: ITRE
Amendment 148 #

2018/2545(RSP)


Paragraph 13
13. Calls on the Commission to conduct a feasibility study of sector- specific SME definitions not resulting in additional administrative burdens for Member States or SMEs in order to scrutinise the impact of such an approach on these sectors of the economy and the added value generated when set against the additional costs incurred, and to adapt the SME definition accordingly, should the study prove its feasibility;
2018/04/13
Committee: ITRE
Amendment 12 #

2018/2161(INI)

Motion for a resolution
Recital C
C. whereas the EIB also plays an important role outside the EU through its external lending activities as the world’s biggest multilateral borrower and lender, including financing and advising on sustainable investment across the globe;
2018/10/12
Committee: ECON
Amendment 13 #

2018/2161(INI)

Motion for a resolution
Recital E a (new)
E a. whereas safeguards against fraud, including tax fraud and money laundering, and risks of financing terrorism are incorporated in the EIB Group contractual provisions included in the contracts signed by the EIB Group and its counterparties; whereas the EIB Group should require that its counterparties comply with all applicable legislation; whereas additional contractual provisions addressing specific transparency and integrity issues should be imposed by the EIB Group on the basis of due diligence results;
2018/10/12
Committee: ECON
Amendment 15 #

2018/2161(INI)

Motion for a resolution
Recital E b (new)
E b. whereas the EIB Group should maintain a high credit standing as a fundamental asset of its business model and a high-quality, solid asset portfolio with sound investment projects under the EFSI and all financial instruments in its portfolio;
2018/10/12
Committee: ECON
Amendment 21 #

2018/2161(INI)

Motion for a resolution
Paragraph 1
1. Congratulates the EIB onwith its anniversary of 60 years of successful operations, dur in 2018, ing which ithe EIB has invested EUR 1.1 trillion and financed 11 800 projects in 160 countries as, having turned into the world’s biggest multilateral borrower and lender, providing financing, leveraging additional investment through its blending activities and advising on sustainable investments across the globe;
2018/10/12
Committee: ECON
Amendment 33 #

2018/2161(INI)

Motion for a resolution
Paragraph 3
3. Recognises the EIB’s responsibility to intervene when there are specific market failures, such as the financial crisis and difficulties in accessing finance for SMEs and innovators; applauds the success of the European Fund for Strategic Investments (EFSI), under which 898 operations have been approved and which is expected to trigger EUR 335 billion in investment across the 28 EU Member States, of which two thirds raised by private resources, outperforming the original goal of EUR 315 billion set in 2015; draws the attention to the decision of the European Council and the European Parliament to extend its duration and capacity to EUR 500 billion by end 2020;
2018/10/12
Committee: ECON
Amendment 43 #

2018/2161(INI)

Motion for a resolution
Paragraph 4 a (new)
4 a. Points out the fact that in 2017 alone, a record number of 901 projects have been approved of which more than EUR 78 billion for innovation, environment, infrastructure, and small and medium-sized enterprises;
2018/10/12
Committee: ECON
Amendment 45 #

2018/2161(INI)

Motion for a resolution
Paragraph 4 b (new)
4 b. Underlines the EIB activities in support of economic and social cohesion which consisted of financing of more than 200 billion euro for regions in the last 10 years;
2018/10/12
Committee: ECON
Amendment 49 #

2018/2161(INI)

Motion for a resolution
Paragraph 4 c (new)
4 c. Welcomes the steps the EIB has taken to better measure the impact of its investments compared to only the quantitative volumes of financing provided;
2018/10/12
Committee: ECON
Amendment 51 #

2018/2161(INI)

Motion for a resolution
Paragraph 4 d (new)
4 d. Stresses that the EIB’s activities were key to address post-crisis recovery and investment levels, which are still uneven across member states and regions as well as sectors; calls on the EIB to further invest in EU countries in order to contribute to their economic recovery; particular emphasis should be given to financing in the innovation and infrastructure sectors where the investment gap is particularly severe;
2018/10/12
Committee: ECON
Amendment 64 #

2018/2161(INI)

Motion for a resolution
Paragraph 6
6. Welcomes the fact that in 2017, the EIB lent EUR 16.67 billion for projects supporting its environment policy goals financing projects in the area of environmental protection, renewable energy, energy efficiency, biodiversity, clean air, clean water, water and waste management, and sustainable transport;
2018/10/12
Committee: ECON
Amendment 68 #

2018/2161(INI)

Motion for a resolution
Paragraph 6 a (new)
6 a. Welcomes that in 2017, the EIB committed to climate loans more than 25% of total lending across all its public policy areas;
2018/10/12
Committee: ECON
Amendment 74 #

2018/2161(INI)

Motion for a resolution
Paragraph 7
7. Recognises the EIB’s status as the world’s largest issuer of green bonds; and that these Climate Awareness Bonds offer investors a transparent link to renewable energy and energy efficiency projects that benefit from the proceeds of the EIB’s green bond issues, being based on the EIB’s reporting system on the climate benefits of projects including impact indicators such as greenhouse gas emissions avoided, absolute emission levels, energy consumption saved and additional power generation installed; welcomes in this regard the EIB’s first issuance of Sustainability Awareness Bonds, amounting to EUR 500 million that will be dedicated to high impact projects in support of the UN Sustainable Development Goals while ensuring the confidence of socially responsible investors through rigorous transparency and market standards;
2018/10/12
Committee: ECON
Amendment 89 #

2018/2161(INI)

Motion for a resolution
Paragraph 9 a (new)
9 a. Recalls that according to the EIB, large firms are twice as likely as SMEs to be innovators; and innovative young firms are 50%more likely than other firms to be credit-constrained; urges the EIB to support smaller companies with smaller loans, in order to have a bigger impact on a broader cross-section of the European economy;
2018/10/12
Committee: ECON
Amendment 112 #

2018/2161(INI)

Motion for a resolution
Paragraph 12
12. Welcomes the increase in ERI 12. fFinancing for the Southern Neighbourhood and the Western Balkans of EUR 6 billion over a five-year period starting from October 2016, in addition to the EUR 7.5 billion of EIB financing already envisagprojected, and the focus on sustainable and vital infrastructure, such as services like clean water, energy and electricity, particularly in regions where infrastructure needs were aggravated by migration, but also by improving education, healthcare, local transport and urban services and additionally by supporting private sector growth boosting employment opportunities;
2018/10/12
Committee: ECON
Amendment 114 #

2018/2161(INI)

Motion for a resolution
Paragraph 13
13. Stresses the importance of developing economic resilience in host and transit countries by supporting the creation of jobs and construction of infrastructure needed for the local population, as well as the displaced population; welcomes the fact that refugee communities may also benefit from opportunities to develop their self-reliance and live in dignitys; underlines that the investments in economic resilience will contribute to improvinge the preparedness of the regions for future external shocks, and ideally also contribute to enhanced stability in fragile countries and to effectively preventing mass-immigration to Europe;
2018/10/12
Committee: ECON
Amendment 119 #

2018/2161(INI)

Motion for a resolution
Paragraph 14
14. Recognises the achievements of the EFSI by its third anniversary and welcomes the EUR 335 billion in investment mobilised across the Union since the adoption of the EFSI Regulation1 by the co-legislators; welcomes that EFSI projects have been approved for all Members States and the improved geographical balance achieved, with younger EU-13 member states now collectively benefitting over-proportional to their share in EU GDP while stressing the importance of continuing to avoid geographical imbalances in the EIB’s lending activity, so as to ensure a broad geographical and sectoral allocation without compromising the high quality of projects and the market driven nature of the EFSI; _________________ 1 Regulation (EU) 2015/1017.
2018/10/12
Committee: ECON
Amendment 123 #

2018/2161(INI)

Motion for a resolution
Paragraph 15
15. Recognises the intensified cooperation of the EIB Group with national promotional banks and institutions (NPBIs) and calls on the EIB to continue strengthening its work with NPBIs in order to ensure outreach and further develop advisory activities and technical assistance to support a geographical balance in the long term; notes a wide variety of experiences in terms of EFSI projects; supports and encourages the further exchange of best practices between the EIB and the Member States in order to ensure further economic efficiency;
2018/10/12
Committee: ECON
Amendment 128 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 a (new)
15 a. Welcomes improvements to transparency achieved via the publication of the Scoreboard of indicators for projects supported by the EFSI guarantee and of the Rationale of the independent Investment Committee for its decision, in line with the revised Regulation;
2018/10/12
Committee: ECON
Amendment 134 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 b (new)
15 b. Recognises the improving possibility to blend EFSI financing with other instruments through the Omnibus legislation and encourages continued work towards better complementarity of Union financial instruments;
2018/10/12
Committee: ECON
Amendment 137 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 c (new)
15 c. Recalls its recognition of the need to provide continuity in the support of market-driven mechanisms such as EFSI that support long-term investment in the real economy, mobilise private investment and generate a substantive macroeconomic impact and jobs in sectors that are important to the Unions future beyond the current MFF;
2018/10/12
Committee: ECON
Amendment 140 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 d (new)
15 d. Encourages a timely establishment of a follow-on initiative for the post-2020 period to provide said continuity, which should incorporate lessons learned from EFSI, retain key success factors such as the setting of political priority targets at the portfolio level that may change over time in order to remain most relevant for the future of the Union, the proven governance structure, a clear definition of roles and responsibilities between the public guarantor and the financier, while supporting the unity of the Common Market;
2018/10/12
Committee: ECON
Amendment 143 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 e (new)
15 e. Welcomes the EIB’s important role in financing outside the EU through its external lending activities. Highlights especially the EIB’s efficient management of the External Lending Mandate, as confirmed by an independent evaluation in June 2018, which recognises its relevance and effectiveness in providing EU financing to third countries at a minimal cost to the Union budget;
2018/10/12
Committee: ECON
Amendment 145 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 f (new)
15 f. Welcomes the EIB’s management of the ACP Investment Facility, which mainly provides projects promoting the development of the private sector while. In this respect, underlines that it is crucial that the EIB’s central role, as the EU’s bilateral financial arm, will be firmly reflected in the post-2020 architecture for financing outside the Union;
2018/10/12
Committee: ECON
Amendment 148 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 g (new)
15 g. Welcomes the Anti-Money Laundering and Combating Financing of Terrorism Framework adopted by the EIB in January 2018, establishing the key principles regulating AML-CFT and related integrity aspects in EIB Group activities;
2018/10/12
Committee: ECON
Amendment 149 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 h (new)
15 h. Welcomes the progress that the EIB has made in adopting the highest standards with a view to preventing tax fraud, tax evasion, tax avoidance, aggressive tax planning, money laundering and financing of terrorism by fully applying EU policies and standards, for instance the EU list of non- cooperative jurisdictions for tax purposes; calls on the EIB, in this regard, to end cooperation with intermediaries, countries and jurisdictions that are on the EU list of non-cooperative tax jurisdictions;
2018/10/12
Committee: ECON
Amendment 152 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 i (new)
15 i. Encourages the EIB to continue its practice to identify the beneficial ownership of recipients of EIB financing;
2018/10/12
Committee: ECON
Amendment 153 #

2018/2161(INI)

Motion for a resolution
Paragraph 15 j (new)
15 j. Welcomes the fact that the EIB takes into account the tax impact in countries where investment is made and how this investment contributes to economic development, job creation and the reduction of inequality;
2018/10/12
Committee: ECON
Amendment 158 #

2018/2161(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Recalls that the United Kingdom has a share in the EIB’s capital of 16,1%, amounting to 39.2 billion euros;
2018/10/12
Committee: ECON
Amendment 159 #

2018/2161(INI)

Motion for a resolution
Paragraph 16 b (new)
16 b. Agrees with the Commission that UK liability resulting from EIB financing should be maintained and decreased inline with the amortisation of the EIB portfolio;
2018/10/12
Committee: ECON
Amendment 31 #

2018/2121(INI)

Motion for a resolution
Paragraph 1
1. Recalls that current international and national tax rules were mostly conceived in the early 20th century; asserts that there is an urgent need for reform of thse rules, so that international, EU and national tax systems are fit for the newhould be updated in light of the current economic, social and technologic challenges of the 21st centuryal context; notes the broad understanding that current tax systems are not equipped to keep up withadapted to these developments and ensure that all market participants pay fair taxetax burdens are distributed fairly among economic agents;
2018/12/20
Committee: TAX3
Amendment 54 #

2018/2121(INI)

Motion for a resolution
Paragraph 3
3. Welcomes the fact that during its current term the Commission has put forward 22 legislative proposals aimed at closing some of the loopholes, improving the fight against financial crimes and aggressive tax planning, and enhancing tax collection efficiency and tax fairness; calls for the swift adoption of initiatives that have not yet been finalised and for careful monitoring of the implementation to ensure efficiency and proper enforcement, in ord; calls on the Commission to adhere to keep pace withthe principle of subsidiarity and not to infringe on the soversatility of tax fraud, tax evasion and aggressive tax planningeignty and exclusive competences of member states in the field of taxation;
2018/12/20
Committee: TAX3
Amendment 120 #

2018/2121(INI)

Motion for a resolution
Paragraph 12
12. Stresses the similarity between corporate tax payers and high-net-worth individuals in the use of corporate structures and similar structures such as trusts and offshore locations for the purpose of ATP; recalls the role of intermediaries in setting up such schemes;deleted
2018/12/20
Committee: TAX3
Amendment 127 #

2018/2121(INI)

Motion for a resolution
Paragraph 13
13. Welcomes the Commission’s assessment and inclusion of ATP indicators in its 2018 European Semester country reports; calls for such assessment to become a regular feature in order to ensure a level playing field in the EU internal market, as well as the greater stability of public revenue in the long run;
2018/12/20
Committee: TAX3
Amendment 147 #

2018/2121(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Stresses that the initiatives of the Commission and the member states should be aimed at making tax collection more efficient and cost-effective, and not to maximize revenue from the taxpayers to the state;
2018/12/20
Committee: TAX3
Amendment 165 #

2018/2121(INI)

Motion for a resolution
Paragraph 16
16. Takes note of the statement made by the French Finance Minister at the TAX3 meeting of 23 October 2018 regarding the need to discuss the concept of minimum taxation; welcomes the readiness by France to include the debate on minimum taxation as one of the priorities of its G7 Presidency in 2019;deleted
2018/12/20
Committee: TAX3
Amendment 203 #

2018/2121(INI)

Motion for a resolution
Paragraph 20
20. Points out that some countries have recently adopted unilateral countermeasures against harmful tax practices (such as the UK’s Diverted Profits Tax and the Global Intangible Low- Taxed Income (GILTI) provisions of the US tax reform) to ensure that the foreign income of MNEs is duly taxed at a minimum effective tax rate in the parent’s country of residence; calls for an EU assessment of these measurencourages other member states to explore similar possibilities;
2018/12/20
Committee: TAX3
Amendment 211 #

2018/2121(INI)

Motion for a resolution
Paragraph 22
22. Welcomes the provisions on Controlled Foreign Corporation (CFC) included in ATAD I to ensure that profits made by related companies parked in low or no-tax countries are effectively taxed; acknowledges that they prevent the absence or diversity of national CFC rules within the Union from distorting the functioning of the internal market beyond situations of wholly artificial arrangements as called for repeatedly by Parliament; deplores the coexistence of two approaches to implement CFC rules in ATAD I and calls on Member States to implement only the simpler and most efficient CFC rules as in ATAD I Article 7(2)(a);
2018/12/20
Committee: TAX3
Amendment 226 #

2018/2121(INI)

Motion for a resolution
Paragraph 24
24. Reiterates its call for aWarns that clearly definition ofng a permanent establishment so that companies cannot artificially avoid having a taxablmight infringe on the pfresence in a Member State in which they have economic activityedom of establishment;
2018/12/20
Committee: TAX3
Amendment 232 #

2018/2121(INI)

Motion for a resolution
Paragraph 26
26. Recalls its concerns relating to the use of transfer prices in ATP and consequently recalls the need for adequate action and improvement of the transfer pricing framework to address the issue; stresses the need to ensure that they reflect the economic reality, provide certainty, clarity and fairness for Member States and for companies operating within the Union, and reduce the risk of misuse of the rules for profit-shifting purposes, taking into account the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administration 2010;
2018/12/20
Committee: TAX3
Amendment 257 #

2018/2121(INI)

Motion for a resolution
Paragraph 30
30. WelcomesTakes note of the fact that DAC6 sets out the hallmarks of reportable cross- border arrangements that intermediaries must report to tax authorities to allow them to be assessed by the latter; welcomes the fact that these features of ATP schemes can be updated if new arrangements or practices emerge;
2018/12/20
Committee: TAX3
Amendment 258 #

2018/2121(INI)

Motion for a resolution
Paragraph 31
31. Calls on the CoC Group report yearly on the main arrangements reported in Member States to allow decision makers to keep up with the new tax schemes which are being elaborated and to take the countermeasures that might potentially be needed;deleted
2018/12/20
Committee: TAX3
Amendment 261 #

2018/2121(INI)

Motion for a resolution
Paragraph 32
32. Calls on the Commission to issue a proposal aimed at repealing patent boxes, and calls on Member States to favour non-harmful and, if appropriate, direct support for R&D; reiterates, in the meantime, its call to ensure that current patent boxes establish a genuine link to economic activity, such as expenditure tests, and that they do not distort competition; welcomes the improved definition of R&D costs in the common corporate tax base (CCTB) proposal;
2018/12/20
Committee: TAX3
Amendment 273 #

2018/2121(INI)

Motion for a resolution
Subheading 2.2.2
Common consolidated corporate tax base (CCCTB)deleted
2018/12/20
Committee: TAX3
Amendment 278 #

2018/2121(INI)

Motion for a resolution
Paragraph 33
33. Welcomes the re-launch of the CCCTB project in a two-step approach, with the Commission’s adoption of interconnected proposals on CCTB and CCCTB; calls on the Council to swiftly adopt them, taking into consideration Parliament’s opinion that already includes the concept of virtual permanent establishment that would close the remaining loopholes allowing tax avoidance to take place and level the playing field in light of digitalisation;deleted
2018/12/20
Committee: TAX3
Amendment 312 #

2018/2121(INI)

Motion for a resolution
Paragraph 35
35. WelcomesTakes note of the digital tax package adopted by the Commission on 21 March 2018; calls on the Council to swiftly adopt these proposals, taking into account Parliament’s opinion on them;
2018/12/20
Committee: TAX3
Amendment 325 #

2018/2121(INI)

Motion for a resolution
Paragraph 36
36. Understands that the so-called interim solution is not optimal; believes that it will help speed up the search for a better solution at global level, while levelling the playing field in local markets to some extentrges for a swift solution at OECD level;
2018/12/20
Committee: TAX3
Amendment 344 #

2018/2121(INI)

Motion for a resolution
Paragraph 38
38. Reiterates its call for a broader scope in relation to the exchange of tax rulings and broader access by the Commission; calls on the Commission to swiftly release its first assessment of DAC3 in this regard, looking in particular at the number of rulings exchanged and the number of occasions on which national tax administrations accessed information held by another Member State; asks that the assessment also consider the impact of disclosing key information related to tax rulings (the number of rulings, the names of beneficiaries, the effective tax rate deriving from each ruling);
2018/12/20
Committee: TAX3
Amendment 358 #

2018/2121(INI)

Motion for a resolution
Paragraph 42
42. Welcomes the automatic exchange of financial account information based on the global standard which has been developed by the OECD with Andorra, Liechtenstein, Monaco, San Marino and Switzerland; calls on the Commission and the Member States to upgrade the Treaty provisions so as to match the DAC as amended;
2018/12/20
Committee: TAX3
Amendment 393 #

2018/2121(INI)

Motion for a resolution
Paragraph 45
45. Stresses that the proposal for public CBCR was submitted to the co-legislators just after the Panama papers scandal on 12 April 2016, and that Parliament adopted its position on it on 4 July 2017; recalls that the latter called for an enlargement of the scope of reporting and protection of commercially sensitive information; deplores the lack of progress and cooperation from the Council since 2016; urges for progress to be made in the Council so that it enters into negotiations with Parliament;
2018/12/20
Committee: TAX3
Amendment 412 #

2018/2121(INI)

Motion for a resolution
Paragraph 47
47. Calls on the Commission to assess possible measures to discourage Member States from granting such State aid in the form of a tax advantage;deleted
2018/12/20
Committee: TAX3
Amendment 416 #

2018/2121(INI)

Motion for a resolution
Paragraph 47 a (new)
47a. Calls on the Commission to assess possible measures to discourage Member States from granting such State aid in the form of selective tax advantages;
2018/12/20
Committee: TAX3
Amendment 421 #

2018/2121(INI)

Motion for a resolution
Paragraph 49
49. Notes that despite the fact that the Commission found McDonald’s benefited from double non-taxation on certain of its profits in the EU, no decision under EU State Aid rules could be issued, as the Commission concluded that the double non-taxation stemmed from a mismatch between Luxembourg and US tax laws and the Luxembourg-United States double taxation treaty38 ; _________________ 38 http://europa.eu/rapid/press-release_IP- 18-5831_en.htmdeleted
2018/12/20
Committee: TAX3
Amendment 457 #

2018/2121(INI)

Motion for a resolution
Paragraph 54
54. Highlights that the high level of inward and outward foreign direct investment as a percentage of GDP in seven Member States (Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta, and the Netherlands) can only be partially explained by real economic activities taking place in these Member States;40 _________________ 40 Kiendl Kristo I. and Thirion E., An overview of shell companies in the European Union, EPRS, European Parliament, October 2018, p.23.deleted
2018/12/20
Committee: TAX3
Amendment 477 #

2018/2121(INI)

Motion for a resolution
Paragraph 57
57. Notes that the ATAD anti-abuse rules (artificial arrangements) cover letterbox companies, and that the CCTB and CCCTB would ensure that the income is attributed to where the real economic activity takes place;deleted
2018/12/20
Committee: TAX3
Amendment 485 #

2018/2121(INI)

Motion for a resolution
Paragraph 58
58. Urges the Commission and the Member States to establish coordinated substantial economic activity requirements as well as expenditure tests;deleted
2018/12/20
Committee: TAX3
Amendment 516 #

2018/2121(INI)

Motion for a resolution
Paragraph 65
65. Welcomes, therefore,Takes note of the Commission’s VAT action plan of 6 April 2016 to reform the VAT framework and the 13 legislative proposals adopted by the Commission since December 2016 that address the shift towards the definitive VAT regime, remove VAT obstacles to e- commerce, review the VAT regime for SMEs, modernise the VAT rates policy and tackle the VAT tax gap;
2018/12/20
Committee: TAX3
Amendment 522 #

2018/2121(INI)

Motion for a resolution
Paragraph 68
68. Welcomes the definitive VAT system proposals adopted on 4 October 201745 and 24 May 201846 ; welcomes in particular the Commission’s proposal to apply the destination principle to taxation, which means that VAT would be paid in the country of the customer; _________________ 45deleted COM(/2017)0569, COM(2017)0568 and COM(2017)0567. 468/329.
2018/12/20
Committee: TAX3
Amendment 544 #

2018/2121(INI)

Motion for a resolution
Paragraph 71
71. Welcomes the opening of infringement procedures by the Commission on 8 March 2018 against Cyprus, Greece and Malta to ensure that they stop offering unlawful favourable tax treatment for private yachts, which could distorts competition in the maritime sector;
2018/12/20
Committee: TAX3
Amendment 558 #

2018/2121(INI)

Motion for a resolution
Paragraph 76
76. Calls on the EPPO to begin operating as soon as possible and by 2022 at the latest; calls for exemplary sanctions to be pronounced; considers that anyone engaged in an organised VAT fraud scheme should be severely sanctioned in order to avoid a perception of impunity;deleted
2018/12/20
Committee: TAX3
Amendment 590 #

2018/2121(INI)

Motion for a resolution
Paragraph 83
83. Notes with regret that corporate tax fraud, tax evasion and aggressive tax planning contribute to shifting the tax burden on to honest and fair taxpayers;deleted
2018/12/20
Committee: TAX3
Amendment 599 #

2018/2121(INI)

Motion for a resolution
Paragraph 84
84. DeploresExpresses concern about the fact that some Member States have created tax regimes allowing non-nationals to obtain income tax benefits, hereby undermining other Member States’ tax base and fostering harmful policies which discriminate against their own citizens;
2018/12/20
Committee: TAX3
Amendment 626 #

2018/2121(INI)

Motion for a resolution
Paragraph 87
87. Stresses that CBI and RBI schemes carry significant risks, including a devaluation of EU citizenship and the potential for corruption, money laundering and tax evasion; reiterates its concern that citizenship or residence could be granted through these schemes without proper or indeed any customer due diligence (CDD) having been carried out; notes that several formal investigations into corruption and money laundering have been launched at national and EU level directly related to CBI and RBI schemes; underlines that, at the same time, the economic sustainability and viability of the investments provided through these schemes remain uncertain;
2018/12/20
Committee: TAX3
Amendment 647 #

2018/2121(INI)

Motion for a resolution
Paragraph 89
89. Worries that there is very little transparency in relation to the number and origin of applicants, the numbers of individuals granted citizenship or residency by these schemes and the amount invested through these schemes; appreciates the fact that some Member States make explicit the name and nationalities of the individuals who are granted citizenship or residency under these schemes; calls on the other Member States to be equally transparent in this field;
2018/12/20
Committee: TAX3
Amendment 655 #

2018/2121(INI)

Motion for a resolution
Paragraph 91
91. Concludes that the potential economic benefits of CBI and RBI schemes do not offset the serious money laundering and tax evasion risks they present; calls on Member States to phase out all existing CBI or RBI schemes as soon as possible; stresses that, in the meantime,stresses that Member States should properly ensure that enhanced CDD on applicants for citizenship or residence through these schemes is duly carried out, as required by AMLD5; calls on the Commission to monitor rigorously and continuously the proper implementation and application of CDD within the framework of CBI and RBI schemes until they are repealed in each Member State;
2018/12/20
Committee: TAX3
Amendment 672 #

2018/2121(INI)

Motion for a resolution
Paragraph 93
93. Urges the Commission to finalise its study on CBI and RBI schemes in the Union; urges the Commission to examine whether, and, if so, which of these schemes posed a threat to EU legislation;
2018/12/20
Committee: TAX3
Amendment 688 #

2018/2121(INI)

Motion for a resolution
Paragraph 96
96. Recalls that free ports are warehouses in free zones, which were – originally – intended as spaces to store merchandise in transit; deplores the fact that they have since become popular for the storage of substitute assets, including art, precious stones, antiques, gold and wine collections – often on a permanent basis;60 _________________ 60 EPRS study entitled ‘Money Laundering and tax evasion risks in free ports‘, October 2018, PE: 627.114; ISBN: 978-92-846-3333-3.deleted
2018/12/20
Committee: TAX3
Amendment 739 #

2018/2121(INI)

Motion for a resolution
Paragraph 109
109. Deplores the fact that a large number of Member States have failed to fully or partially transpose AMLD4 into their domestic legislation within the set deadline, and that for this reason, infringement procedures have had to be opened by the Commission against them, including referrals before the Court of Justice of the European Union67 ; calls on these Member States to swiftly remedy this situation; reminds Member States of their legal obligation to respect the deadline of 10 January 2020 for the transposition of AMLD5 into their domestic legislation; _________________ 67 On 19 July 2018, the Commission referred Greece and Romania to the Court of Justice of the European Union for failing to transpose the fourth Anti-Money Laundering Directive into their national law. Ireland had transposed only a very limited part of the rules and was also referred to the Court of Justice.
2018/12/20
Committee: TAX3
Amendment 767 #

2018/2121(INI)

Motion for a resolution
Paragraph 113
113. Notes that during the mandate of the TAX3 Committee alone, three deplorregrettable cases of money laundering through EU banks have been disclosed: ING Bank N.V. recently admitted serious shortcomings in the application of AML/CTF provisions and agreed to pay EUR 775 million in a settlement with the Netherlands’ Public Prosecution Service68 ; ABLV Bank in Latvia went into voluntary liquidation after the United States Financial Crimes Enforcement Network (FinCEN) decided to propose a ban on ABLV from having a correspondence account in the United States due to money laundering concerns69 , and Danske Bank admitted, after an investigation into 15 000 customers and around 9.5 million transactions linked to its Estonian branch had taken place, that major deficiencies in the bank’s governance and control systems had made it possible to use its Estonian branch for suspicious transactions70 ; _________________ 68 Netherlands’ Public Prosecution Service, September 4 2018: https://www.om.nl/actueel/nieuwsberichten /@103952/ing-pays-775-million/ 69 European Parliament, Directorate- General for Internal Policies, Economic Governance Support Unit, in-depth analysis entitled ‘Money laundering - Recent cases from a EU banking supervisory perspective’, April 2018, PE 614.496. 70 Bruun & Hjejle: Report on the Non- Resident Portfolio at Danske Bank’s Estonian Branch, Copenhagen, 19 September 2018.
2018/12/20
Committee: TAX3
Amendment 822 #

2018/2121(INI)

Motion for a resolution
Paragraph 125
125. WelcomesTakes note of the Commission communication of 12 September 2018 on strengthening the Union framework for prudential and anti-money laundering supervision for financial institutions (COM(20189)0645) and the proposal it contains on the ESAs’ review to strengthen supervisory convergence;
2018/12/20
Committee: TAX3
Amendment 897 #

2018/2121(INI)

Motion for a resolution
Paragraph 138
138. Underlines the positive potential of new distributed ledger technologies, such as blockchain technology; notes at the same time the increasing abuse of new payment and transfer methods based on these technologies to launder criminal proceeds or to commit other financial crimes; acknowledges the need to monitor technological developments to ensure that legislation addresses in an effective manner the abuse of new technologies and anonymity, which facilitatesfor the possible purpose of criminal activity;
2018/12/20
Committee: TAX3
Amendment 988 #

2018/2121(INI)

Motion for a resolution
Paragraph 154
154. Calls, in the specific case of Switzerland, for which no precise deadline is envisaged due to a previous agreement between Switzerland and the EU, for the country to be put on Annex I by the end of 2019, provided that, following the proper escalation process, Switzerland does not repeal its non- compliant tax regimes, which allow unequal treatment of foreign and domestic income as well as tax benefits for certain types of companies, by then;deleted
2018/12/20
Committee: TAX3
Amendment 1067 #

2018/2121(INI)

Motion for a resolution
Paragraph 167
167. Recalls the need for fair treatment of developing countries when negotiating tax treaties, taking into account their particular situation and ensuring a fair allocation of tax rights according to genuine economic activity and value creation; calls, in this regard, for adherence to the UN model tax convention and for transparency around treaty negotiations to be ensured;
2018/12/20
Committee: TAX3
Amendment 20 #

2018/2119(INI)

Motion for a resolution
Recital A
A. whereas Europe’s economy is now entering its sixth year of uninterrupted growth, although slower than originally predicted;
2019/01/22
Committee: ECON
Amendment 29 #

2018/2119(INI)

Motion for a resolution
Recital B
B. whereas economic growth remains vulnerable to continued geopolitical tensionchanges, which have an impact on global trade, and persisting uncertainties surrounding the Union’s future relations with the UK;
2019/01/22
Committee: ECON
Amendment 76 #

2018/2119(INI)

Motion for a resolution
Paragraph 1
1. Notes that the Commission’s 2018 Ageing Report shows that fiscal costs linked to pensions, healthcare and long- term care are expected to rise over the coming decades under unchanged pension policies, as Europe’s population continues to age significantly;
2019/01/22
Committee: ECON
Amendment 83 #

2018/2119(INI)

Motion for a resolution
Paragraph 2
2. Urges Member States to take responsibility for future generations, and to ensure the sustainability of our social security systems and, in so doing, the future of our welfare stateseconomies, productivity, innovation and wealth creation;
2019/01/22
Committee: ECON
Amendment 89 #

2018/2119(INI)

Motion for a resolution
Paragraph 3
3. Urges Member States to prepare for these demographic developments by: 1) building fiscal buffers to arm against rising fiscal costs; 2) implementing structural reforms to reduce these costs; and 3) enhancing productivity growth, which is essential to ensuring sustainable economic growth in the future; and 4) reduction of debt and risk;
2019/01/22
Committee: ECON
Amendment 95 #

2018/2119(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the Commission’s Annual Growth Survey 2019, which reaffirms the importance of: 1) high quality investments; 2) reforms that increase productivity growth, inclusiveness and institutional quality; and 3) macro-financial stability and sound public finances, including debt reduction;
2019/01/22
Committee: ECON
Amendment 128 #

2018/2119(INI)

Motion for a resolution
Paragraph 7
7. Welcomes the Commission’s efforts to encourage Member States with current account deficits or high external debt to contain the growth of unit labour costs and improve their competitiveness, and to encourage Member States with large current account surpluses to promote demand by increasing wage growth in line with productivity growth and to foster productivity growth by promoting investment;
2019/01/22
Committee: ECON
Amendment 139 #

2018/2119(INI)

Motion for a resolution
Paragraph 8
8. Regrets that Italy has not submitted a revised draft budgetary plan for 2019 to the Commission; supports the Commission’s consideration of a debt- based excessive deficit procedure against Italy, given the country’s failure to comply with the debt criterion; also regrets that the European Commission has postponed the final assessment of the French budgetary plans to the second quarter of 2019; is concerned about this seemingly unequal treatment of member states in similar budgetary situations;
2019/01/22
Committee: ECON
Amendment 176 #

2018/2119(INI)

Motion for a resolution
Paragraph 12
12. Stresses the importance of reviewforming national public pension schemes, largely financed on a pay-as-you- go basis, in order to reduce their budgetary burden;
2019/01/22
Committee: ECON
Amendment 203 #

2018/2119(INI)

Motion for a resolution
Paragraph 16
16. Highlights that mobilising a shrinking working-age population will require more versatile employees and more flexible labour markets, combined with active labour market policies, and life-long learning and training, and accessible social security systems, as outlined in the European Pillar of Social Rights;
2019/01/22
Committee: ECON
Amendment 220 #

2018/2119(INI)

Motion for a resolution
Paragraph 18
18. Calls for taxation reforms with a view to improving the efficiency of tax collection; highlights the need for better coordination of administrative practices in the field of taxation;
2019/01/22
Committee: ECON
Amendment 230 #

2018/2119(INI)

Motion for a resolution
Paragraph 19
19. Recalls the importance of a resilient banking sector that safeguards financial stability; welcomes calls for the step-by- step completion of the banking union, with a credible European deposit insurance scheme and a package to reduce non- performing loans;
2019/01/22
Committee: ECON
Amendment 300 #

2018/2119(INI)

Motion for a resolution
Paragraph 25
25. Highlights the urgent need for a fully-fledgedneed to further develop the capital markets union, as financial markets could provide for private risk-sharing and risk-reduction mechanisms;
2019/01/22
Committee: ECON
Amendment 3 #

2018/2102(INI)

Motion for a resolution
Citation 3 a (new)
– having regard of the 2017 Annual Report of DG Competition, published on 28 March 2018,
2018/11/05
Committee: ECON
Amendment 7 #

2018/2102(INI)

Motion for a resolution
Citation 10 a (new)
– having regard of Commission Regulation (EU) 2017/1084 of 14 June 2017 amending Regulation (EU) No 651/2014 as regards aid for port and airport infrastructure,
2018/11/05
Committee: ECON
Amendment 10 #

2018/2102(INI)

Motion for a resolution
Citation 10 b (new)
– having regard of the Final Report on the e-commerce sector inquiry, published on 10 May 2017,
2018/11/05
Committee: ECON
Amendment 11 #

2018/2102(INI)

Motion for a resolution
Citation 10 c (new)
– having regard of the judgement in case C-411/15P Timab of 12 January 2017,
2018/11/05
Committee: ECON
Amendment 23 #

2018/2102(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the Commission’s activities and efforts to ensure the effective application of competition rules in the Union2017 Report on Competition Policy (COM(2018) 482) of 18 June 2018, which can help restore a sufficient level of investment and innovation by creating a fair competitive environment;
2018/11/05
Committee: ECON
Amendment 28 #

2018/2102(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Notes that, as a rule, the European Parliament is only involved in competition law through the consultation procedure and its influence therefore remains very limited;
2018/11/05
Committee: ECON
Amendment 31 #

2018/2102(INI)

Motion for a resolution
Paragraph 1 b (new)
1b. Stresses that Parliament should also be given co-decision powers in competition policy and regrets that this area of Union policy;
2018/11/05
Committee: ECON
Amendment 53 #

2018/2102(INI)

Motion for a resolution
Paragraph 4
4. Underlines the urgent need for an effective framework tailored to the challenges of the data-drivenWelcomes that in 2017, competition policy and enforcement actions continued to contribute to the implementation of the Digital Single Market Strategy; stresses that a digital single market could create hundreds of thousands of new jobs and generate € 415 billion per year; notes at the same time that traditional market models of competition policy are often inadequate for the digital single market; calls therefore, for greater attention to be paid to the new business models of digital companies and the adoption of new criteria for the assessment of digital companies; calls for greater attention to be paid to the specific market structures in the digital economy; notes in particular that digital platforms, in controlling ever-increasprocessing and storing data flows, generate considerable network externalities and economies of scale, anwhich could ultimately, by dint of excessive concentration, rent extraction on the relevant market and abusive market power, bring about market failures; distort competition;
2018/11/05
Committee: ECON
Amendment 67 #

2018/2102(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Welcomes that as a follow-up to the e-commerce sector inquiry finalised in 2017, DG Competition will continue in 2018 to investigate anticompetitive agreements and practices in the e- commerce sector that are detrimental to a Digital Single Market;
2018/11/05
Committee: ECON
Amendment 70 #

2018/2102(INI)

Motion for a resolution
Paragraph 4 b (new)
4b. Welcomes that in 2017 the Commission continued its work on one of the key actions of the second pillar of the Digital Single Market strategy, i.e. the review of the telecoms regulatory framework, which has been designed to take into account changes in markets, consumer trends and technology, including measures to stimulate investment in and take-up of very high capacity networks in the European Union, new spectrum rules for mobile connectivity and 5G, as well as changes to governance, the universal service regime, end-user protection rules, and numbering and emergency communication rules;
2018/11/05
Committee: ECON
Amendment 84 #

2018/2102(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Welcomes the adoption in 2017 of the Commission's final report of the e- commerce sector inquiry, which gathered market information in order to better understand the nature, prevalence and effects of barriers to online trade erected by companies, and to assess them in light of EU Competition rules; underlines that the report confirms that the growth of e- commerce over the last decade and, in particular, increased online price transparency and price competition, had a significant impact on companies’ distribution strategies and consumer behaviour;
2018/11/05
Committee: ECON
Amendment 93 #

2018/2102(INI)

Motion for a resolution
Paragraph 6
6. Considers that the jurisdictional thresholds setting the starting point for an EU merger review, which are based on the turnovers of the target and acquiring entities, are not appropriate for the digital economy, in which value is often, for advertising purposes, represented by the number of visitors to a website; suggests that these thresholds be revised and adapted to the number of consumers impacted by mergers and the value of the related transactionsTakes note that the EU rules do not establish large time frames for antitrust investigations as is the case for formal merger review deadlines and the common practice of many national competition authorities; notes that this implies that decisions are sometimes not made within due time;
2018/11/05
Committee: ECON
Amendment 97 #

2018/2102(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Calls on the Commission to adopt guidelines to optimize the duration of antitrust investigations, in order to avoid uncertainty or excessive burden for businesses and shape a competitive landscape which is not detrimental for consumers;
2018/11/05
Committee: ECON
Amendment 99 #

2018/2102(INI)

Motion for a resolution
Paragraph 7
7. Underlines the fact that barriers to entry in the digital economy are becoming increasingly insurmountable, as the more that unjust behaviour is perpetuated, the harder it gets to revert to anti-competitive effects; affirms, in this regard, that the Commission should make effective use of interim measures, while ensuring due process and the right of defence of undertakings under investigationsingle market still generate anti-competitive risks;
2018/11/05
Committee: ECON
Amendment 143 #

2018/2102(INI)

Motion for a resolution
Paragraph 9
9. Reiterates its request for the Commission to examine whether banking institutions have, since the onset of the crisis, benefited from implicit subsidies and state aid through the provision of liquidity support from central banks; recalls the commitment made by Commissioner Vestager at the structured dialogue with Parliament’s ECON committee in November 2017 to reflect on possible distortions of competition arising from the ECB’s Corporate and Public Sector Purchase Programme and to report back with a qualitative answer;
2018/11/05
Committee: ECON
Amendment 170 #

2018/2102(INI)

Motion for a resolution
Paragraph 11
11. Asks the Commission to come forward with a revision of the EU Merger Regulation, so that it may be vested with the powers, much as a number of Member States are at present, to adopt measures to protect the European public order and the rights and principles of the TFEU and EU Charter of Fundamental Rights, including environmental protectionwelcomes the summary of the submissions received during the public consultation: looks forward to the publication of the Staff Working Document;
2018/11/05
Committee: ECON
Amendment 187 #

2018/2102(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Stresses that the Commission has an important role to play in the circular economy; Welcomes that in 2017, the Commission adopted a decision, in the first cartel case in the circular economy, imposing a total fine of EUR 68 million on four European recycling companies for having participated between 2009 and 2012 in a cartel to fix the purchase prices of scrap automotive batteries in Belgium, France, Germany and the Netherlands1a; __________________ 1a Case 40018 Car battery recycling, Commission decision of 8 February 2017.
2018/11/05
Committee: ECON
Amendment 197 #

2018/2102(INI)

Motion for a resolution
Paragraph 13 b (new)
13b. Welcomes that by the end of October 2017, 24 Member States had joined the Transparency Award Module, and that approximately 15000 aid grants had been published by 22 Member States; hopes that the remaining Member States will join swiftly, in order to increase transparency and scrutiny of aid awards above EUR 500 000;
2018/11/05
Committee: ECON
Amendment 203 #

2018/2102(INI)

Motion for a resolution
Paragraph 14
14. StressWelcomes the importance of endowing competition authorities with sufficient resources to carry out their work; supports, in this connection, the proposed competition strand of the single market programme under the 2021-2027 multiannual financial framework (MFF)advances made by DG Competition in continuing the analysis of its financial circuits in 2017 in order to assess the functioning of the internal control system and further improve the efficiency of its financial operations; regrets that the analysis was not finalized in 2017; urges DG Competition to finalize its review and present its findings before the competent committees in the European Parliament;
2018/11/05
Committee: ECON
Amendment 208 #

2018/2102(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Takes note that most of the decisions concerning antitrust issues and State aid are taken at national level, and believes that the Commission should guarantee the global consistency and independence of competition policy measures within the internal market, with the support of the European Competition Network (ECN); without disregarding the competences of the National Competition Authorities (NCA);
2018/11/05
Committee: ECON
Amendment 214 #

2018/2102(INI)

Motion for a resolution
Paragraph 14 b (new)
14b. Takes note of fact that the total number of merger notifications increased by 36% between 2013 and 2017, with 380 proposed mergers notified to the Commission in 2017, constituting the second highest in the history of EU merger control, and with 377 final decisions by the Commission in 2017; recognizes that this puts a strain on the resources of the DG, and that merger assessments are becoming increasingly complex and wider in reach; is concerned about the resource implications of dealing with an increasing number of merger notifications for DG Competition;
2018/11/05
Committee: ECON
Amendment 218 #

2018/2102(INI)

Motion for a resolution
Paragraph 14 c (new)
14c. Welcomes that the Commission signed a Memorandum of Understanding with China’s National Development and Reform Commission in 2017, starting a dialogue with China on State aid control, which will promote fair global competition; asks the Commission to regularly inform the Parliament about the progress of the dialogue;
2018/11/05
Committee: ECON
Amendment 220 #

2018/2102(INI)

Motion for a resolution
Paragraph 14 d (new)
14d. Welcomes the adoption by the Commission of the Internal Control Framework (IGF) based on international good practice, aimed to ensure the achievement of policy and operational objectives in December 2017;
2018/11/05
Committee: ECON
Amendment 27 #

2018/2101(INI)

Motion for a resolution
Recital B
B. whereas the latest economic figures in 2018 reflect a certain moderation in growth from the high levels of 2017, owing to a weaker impetus from external trade and higher oil prices;
2018/09/18
Committee: ECON
Amendment 30 #

2018/2101(INI)

Motion for a resolution
Recital D
D. whereas the current broad-based economic expansion is mainly being driven by exports and domestic consumption in the member states; whereas last year, investment grew at the fastest pace since 2007, backed by the global upswing and the Investment Plan for Europe; stresses the role of EFSI in bridging the investment gap in the European Union, mobilizing a total investment of EUR 256.9 bn, providing financing to almost 550.000 SMEs benefiting from EIF financing.
2018/09/18
Committee: ECON
Amendment 35 #

2018/2101(INI)

Motion for a resolution
Recital E
E. whereas according to the Eurosystem staff macroeconomic projections from June 2018, annual inflation in the Harmonised Index of Consumer Prices (HICP) for the euro area looks set to reach 1.7 % in 2018, 2019 and 2020, and thus converge towards the medium-term objective of just shy of 2 %; recalls however the large variance in inflation rates across the Eurozone;
2018/09/18
Committee: ECON
Amendment 40 #

2018/2101(INI)

Motion for a resolution
Recital H a (new)
Ha. whereas NPL ratios in 8 member states are still well above 10%, including two member states with more than 40%1a. _________________ 1a EBA Risk Dashboard.
2018/09/18
Committee: ECON
Amendment 42 #

2018/2101(INI)

Motion for a resolution
Recital I a (new)
Ia. Whereas there is still uncertainty and scepticism whether the APP falls within the scope of mandate of the ECB and constitutes de facto fiscal financing policy2a; _________________ 2a DG IPOL "Policy options and risks of an extension of the ECB’s quantitative easing programme: An analysis", PE 569.994.
2018/09/18
Committee: ECON
Amendment 47 #

2018/2101(INI)

Motion for a resolution
Recital K
K. whereas at the end of 2017 the size of the Eurosystem balance sheet had reached an all-time high of over EUR 4.5 trillion, growing by 0.8 trillion compared to the end of 2016, constituting 41% of the total GDP of the Euro area;
2018/09/18
Committee: ECON
Amendment 64 #

2018/2101(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Warns that the ECB's monetary policy is currently dominated by the lack of sound fiscal policies of some Member States;
2018/09/18
Committee: ECON
Amendment 71 #

2018/2101(INI)

Motion for a resolution
Paragraph 2
2. Notes that the EU economy grew at its fastest rate in 10 years in 2017 and that all Member States saw their economies expand; welcomes the role of the ECB and the structural reforms undertaken in some Member States as part of the ongoing recovery;
2018/09/18
Committee: ECON
Amendment 79 #

2018/2101(INI)

Motion for a resolution
Paragraph 3
3. Warns, however, of the rise of uncertainties, which stem from the threat of increased protectionism, and the Brexit negotiations and rising divergences between Member States on the future of European integration, among other causes;
2018/09/18
Committee: ECON
Amendment 88 #

2018/2101(INI)

Motion for a resolution
Paragraph 4
4. Emphasises the great importance, at this juncture, of maintaining a favourable environment for public and private investment, which is still lagging behind pre-crisis levels; encourages the ECB to take the necessary measures, in line with its mandate, to help realise this objectiveat low interest rates have made issuing new debt cheaper; reiterates that debt levels in certain member state are still unsustainable; stresses that in 4 euro area member states debt levels are still well above 100% of GDP; reiterates that low interest rates are instrumental in the emergence of market bubbles, primarily in the real estate market;
2018/09/18
Committee: ECON
Amendment 90 #

2018/2101(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Considers that monetary policy alone is not sufficient to achieve a sustainable economic recovery, and that investments should be encouraged, as well as structural reforms in the Member States;
2018/09/18
Committee: ECON
Amendment 99 #

2018/2101(INI)

Motion for a resolution
Paragraph 5
5. Notes the ECB’s positive view on the establishment of a European deposit insurance scheme (EDIS) as the third pillar of the banking union; recognises that risk sharing is, as ECB President Draghi has stated, anStresses that risk sharing and effective risk reduction method and that the two should go hand in hand;
2018/09/18
Committee: ECON
Amendment 120 #

2018/2101(INI)

Motion for a resolution
Paragraph 6
6. StressNotes that the ECB’s non- standard monetary policy measures have proven successful in forestalling the risks of deflation that were still present at the beginning of 2016 and in initiating a recovery in credit tokept interest rates low, thereby forestalling member states and highly indebted private enterprises from defaulting on their unsustainable debts; notes that in the private sector, whose annual growth was around 3 % in mid-2018 compared to 0 % in 2015;
2018/09/18
Committee: ECON
Amendment 128 #

2018/2101(INI)

Motion for a resolution
Paragraph 7
7. Calls for vigilance against the risk of a resurgence in real estate bubbles and excessive household and private sector indebtedness in some Member States; due to the accommodative ultra-loose interest policies of the ECB;
2018/09/18
Committee: ECON
Amendment 154 #

2018/2101(INI)

Motion for a resolution
Paragraph 11
11. Welcomes the transparency provided by the ECB through its forward guidance; deems it appropriate to keep interest rates low, in the light of uncertainties in the global environmenturges the ECB to normalize interest rates as soon ats presentossible;
2018/09/18
Committee: ECON
Amendment 174 #

2018/2101(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Is concerned that certain southern European countries have profited in a disproportionate way from the PSPP, since national central banks and the ECB have purchased Spanish and Italian government bonds whose volume exceeds Spain's and Italy's share in GDP by respectively 43 billion and 51 billion euros, well above the average of 14.4% of GDP for the entire Eurozone; stresses that this strengthens the suspicion that the main goal of the PSPP is fiscal stabilisation of southern Europe, which falls outside the scope of the mandate of the ECB.
2018/09/18
Committee: ECON
Amendment 194 #

2018/2101(INI)

Motion for a resolution
Paragraph 17
17. Urges an accelerAgrees that a well-functioning, diversified and integrated capital market would support the transmission of the single monetary policy; urges the implementation of the Capital Markets Union (CMU) project in order to deepstrengthen financial integration, with a view to helping build resilience to shocks and rendlower the transmission of monetary policy across the monetary union more effectiveneed for non-standard monetary policy measures to resolve financial an economic shocks;
2018/09/18
Committee: ECON
Amendment 203 #

2018/2101(INI)

Motion for a resolution
Paragraph 18
18. Calls on the ECB to increase its monitoring vis-à-vis the development of crypto-currenciesblockchain technology and the increased cyber- security risks;
2018/09/18
Committee: ECON
Amendment 229 #

2018/2101(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Stresses the importance of physical money as the only legal tender, and reminds all Eurozone countries that euro coins and banknotes and other robust stores of value must not be rejected in transactions;
2018/09/18
Committee: ECON
Amendment 230 #

2018/2101(INI)

Motion for a resolution
Paragraph 21 b (new)
21b. Calls for a full external audit of the ECB;
2018/09/18
Committee: ECON
Amendment 25 #

2018/2100(INI)

Motion for a resolution
Recital B
B. whereas the role of the EBA needs to be significantly strengthened in order to effectively implementplay an important role in the implementation and coordination of anti- money laundering measures;
2018/10/25
Committee: ECON
Amendment 44 #

2018/2100(INI)

Motion for a resolution
Paragraph 1
1. Takes note of the achievements of the Banking Union in fostering a trulystrengthening the single market, a level playing field and predictability for market actors; considers that a fully completstrengthened Banking Union will further strengthenenhance financial stability and growth prospects in the EU;
2018/10/25
Committee: ECON
Amendment 48 #

2018/2100(INI)

Motion for a resolution
Paragraph 2
2. Stresses the importance of completing the capital markets union, which will help to channel credit intostabilize the real economy, further enable private risk sharing and complement funding through banks;
2018/10/25
Committee: ECON
Amendment 54 #

2018/2100(INI)

Motion for a resolution
Paragraph 3
3. Considers that one of the aims of the Banking Union should be to preserve the diversity of EU banking models, as this enables the requirements ofnd national banking contexts, thus providing for the best financial service for citizens and ofor their projects to be metinvestments and savings, as well as acting as a diversification tool, a key feature to cope with potential shocks;
2018/10/25
Committee: ECON
Amendment 60 #

2018/2100(INI)

Motion for a resolution
Paragraph 4
4. Recalls the need for a coherent and concise set of rules for the proper functioning of the Banking Union; calls on the Commission to prioritise regulations over directives as the legislative tool for the Banking Union and to make it a priority to fully ensure that all relevant legislation is fuladequately implemented in all Member States; calls on the Commission, in cooperation with the European supervisory authorities, to identify and remove obstacles to the internal market;
2018/10/25
Committee: ECON
Amendment 68 #

2018/2100(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Expresses its concern about recent cases of breaches or alleged breaches of anti-money laundering rules, such as the liquidation of the directly supervised ABLV Bank in Latvia, and the liquidation of Versobank in Estonia, as well as about the limits of the supervisory framework as shown by cooperation between the Danish and Estonian financial supervisory institutions during the investigation of Danske Bank's Estonian operations1a. _________________ 1a https://www.fi.ee/index.php?id=22493
2018/10/25
Committee: ECON
Amendment 72 #

2018/2100(INI)

6b. Recalls that indicators such as ownership concentration, the share of non-resident clients, the share of non- euro deposits and loan-to-deposit ratios are likely indicators of money laundering problems2a; urges the European supervisory authorities to give special attention to these parameters; _________________ 2a PE 614.496
2018/10/25
Committee: ECON
Amendment 74 #

2018/2100(INI)

Motion for a resolution
Paragraph 6 c (new)
6c. Expresses concern about ABLV's and Versobank's very high ownership concentration: a. In case of ABLV, the bank’s controlling interest was held by the bank’s Chief Executive Officer and the bank’s Chairman of the Council (combined they held 87% of the shares with voting rights), while the rest was held by other closely related shareholders (management and employees), but there was no free float of shares or outside shareholders; b. In case of Versobank, the main share of the bank was owned by Cyprus Popular Bank until March 2012, thereafter Ukrainian investors became the main shareholders, and more than 85% of the shares were then held by a single Ukrainian agro-industrial company;
2018/10/25
Committee: ECON
Amendment 75 #

2018/2100(INI)

Motion for a resolution
Paragraph 6 d (new)
6d. Expresses concern about the very high share of non-resident clients in Versobank and ABLV: a. In case of Versobank, at the end of 2017, 83% of the bank’s liabilities to customers were owed to non-resident clients outside of Estonia; b. In case of ABLV, at the end of June 2017, 84% of the total deposits placed at ABLV came from clients whose beneficiaries are residents in the CIS countries.
2018/10/25
Committee: ECON
Amendment 76 #

2018/2100(INI)

Motion for a resolution
Paragraph 6 e (new)
6e. Expresses concern about the large share of deposits made in non-euro currencies in Versobank and ABLV: a. In case of Versobank, more than one third of its deposits were made in US dollars; b. In case of ABLV, deposits made in USD apparently exceeded even 60% of the total deposit base at the end of 2016;
2018/10/25
Committee: ECON
Amendment 89 #

2018/2100(INI)

Motion for a resolution
Paragraph 8
8. Highlights that sovereign debt is not risk-free; takes note of the on-going work of the Basel Committee on Banking Supervision (BCBS) on sovereign risk; is concerned by the fact that some financial institutions are heavily invested in their own sovereign debt, constituting excessive "home bias"; calls on the Commission to assess whether to introduce risk weighting on sovereign bonds or exposure limits in the EU; rejects, in this respect, the Commission's ongoing work on the idea of a so-called sovereign bond-backed securities (SBBS);
2018/10/25
Committee: ECON
Amendment 93 #

2018/2100(INI)

Motion for a resolution
Paragraph 10
10. WelcomesTakes note of the Commission proposal to reinforce the role of the EBA in anti-money laundering supervision in the financial sector; calls on the co-legislators adopt the proposal without undue delayurges the Commission however to await the implementation of the fifth Anti-Money Laundering Directive and the new EU rules regarding VAT fraud; stresses that the EBA should stay within its current mandate; urges the Commission not to tread on the role and sovereignty of the Member States and of the national anti-money laundering supervisors; calls on the Commission to incorporate concerns about money laundering within the ESFS review;
2018/10/25
Committee: ECON
Amendment 104 #

2018/2100(INI)

Motion for a resolution
Paragraph 12
12. Urges all negotiators to work towards the adoption of the legislative package to reduce risk in the banking system before the European elections in 2019as swiftly as possible;
2018/10/25
Committee: ECON
Amendment 106 #

2018/2100(INI)

Motion for a resolution
Paragraph 13
13. Takes note of the on-going negotiations on the NPL package; welcomes the ECB addendum on NPLs and the work of the EBA on guidelines on management of non-performing and forborne exposures; welcomes the reduction in volumof the average rate of NPLs over the past years, from 6.4% in December 2014 to 4.2% at the end of September 2017; stresses that the risk to financial stability posed by NPLs is still significant and that the current NPL level in the EU is still higher than in other major developed countries such as the United States of America and Japan, where NPL ratios are lower than 2%; stresses that in 9 Member States NPL ratios are still well over 10%3a; expresses concern that the coverage ratio differ significantly from one Member State to another, reflecting various levels of collateralisation and heterogeneous accounting practices; agrees with the Commission that the primary responsibility for reducing NPLs lies with the banks themselves and Member States, notably through efficient insolvency laws, and banks themselves; the establishment of asset management companies themselves; _________________ 3a EBA Risk Dashboard.
2018/10/25
Committee: ECON
Amendment 115 #

2018/2100(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Expresses concern that, as evidenced by some recent liquidation cases, namely the Veneto Banks in Italy and ABLV in Latvia, whether the resolution of a bank (that has been deemed failing or likely to fail) is in the public interest or whether a bank should be liquidated in the absence of a public interest has been assessed differently at the EU and at national level based on the current legal framework;
2018/10/25
Committee: ECON
Amendment 117 #

2018/2100(INI)

Motion for a resolution
Paragraph 13 b (new)
13b. Recalls that the BRRD and the SRM Regulation have only partially harmonised insolvency law so far (i.e. ranking of claims for the purposes of applying the bail-in tool) although implementation of resolution action remains rooted in national insolvency law for the purposes of protection of creditors and of applying resolution tools at legal entity level;
2018/10/25
Committee: ECON
Amendment 119 #

2018/2100(INI)

Motion for a resolution
Paragraph 13 c (new)
13c. Rejects any solution at EU level to the problem of NPLs that would go beyond guidelines for selling NPLs on secondary markets;
2018/10/25
Committee: ECON
Amendment 124 #

2018/2100(INI)

Motion for a resolution
Paragraph 14
14. Takes note of the on-going negotiations on the European System of Financial Supervision (ESFS); believes that a single market needs appropriate supervisory powers at EU level;
2018/10/25
Committee: ECON
Amendment 126 #

2018/2100(INI)

15. Welcomes the Commission communication on FinTech; recognises the great potential of FinTech and the need to encourage innovation; notes, however, the need for clear regulation and appropriate supervision that protects consumers and ensures financial stability as well as a level playing field for financial market actors; underlines the need to continuously strengthenimprove the cyber resilience of the EU financial sector;
2018/10/25
Committee: ECON
Amendment 129 #

2018/2100(INI)

Motion for a resolution
Paragraph 16
16. Remains concerned about the spread of shadow banking in the EU; recalls that the problem needs to be addressed at both EU and global level in order to ensure fair competition, transparency and financial stability; calls on the Commission to urgently identify remaining gaps in the current regulations, and to put the problem on the agenda at international level;
2018/10/25
Committee: ECON
Amendment 132 #

2018/2100(INI)

Motion for a resolution
Paragraph 17
17. Recalls the initial debate on the role of the ECB as both monetary and supervisory authority; considers that, overall, the ECB has succeeded in keeping the two roles separate; believes, however,regrets that doubts have risen about the success of the ECB in keeping the two roles separate, such as in the context of fiscal dominance, since monetary policy was largely dominated by the lack of sound fiscal policies in some Member States; points out that the balance sheet of the ECB has surpassed 40% of GDP of the Euro area, which inevitably affects the capacity of the ECB to supervise the risk of its own balance sheet; points out that the ECB's ultra- loose interest policies has negatively affected return on invested capital and average cost of capital, which has driven investors to higher yielding investments, in turn leading to rapidly rising property prices in certain Member States; is convinced that further debate is necessary to avoid the risk of a conflict of interests between the two tasks;
2018/10/25
Committee: ECON
Amendment 145 #

2018/2100(INI)

Motion for a resolution
Paragraph 18
18. WelcomesTakes note of the agreement reached at the Euro Summit meeting of 29 June 2018; is concerned that the European Stability Mechanism (ESM) will provide the common backstop to the Single Resolution Fund (SRF) and be turned into a true European Monetary Fund (EMF) based on strict conditions ensuring responsibility and the principle of avoiding moral hazard, in line with the risk reduction measures such as MREL, TLAC, rules and adequate amounts for the bail-inable buffers; calls for strict conditions ensuring responsibility and the principle of avoiding moral hazard if the EMF were ever to be implemented, such as maintaining the lead role of the Member States and the unanimity procedure; stresses that substantial risk- reduction should be a prerequisite to the potential establishment of an EMF; stresses the need for proper democratic scrutiny by the Parliament and the Member States; recalls Parliament’s position that the EMF should be fully incorporated into the Union's institutional framework;
2018/10/25
Committee: ECON
Amendment 152 #

2018/2100(INI)

Motion for a resolution
Paragraph 18 a (new)
18a. Recalls the constitutional review of the ESM by the German Constitutional Court in 2014, concerning the question of adequate democratic control by national parliaments on ESM decisions; points out that the introduction of a qualified majority rule could potentially substantially reduce such democratic control4a; _________________ 4a BVerfG (2014) Urteil des Zweiten Senats vom 18. März 2014. Bundesverfassungsgericht, 2 BvR 1390/12 - Rn. (1-245).
2018/10/25
Committee: ECON
Amendment 167 #

2018/2100(INI)

Motion for a resolution
Paragraph 20
20. Calls on the Commission to regularly assess whether the banking sector has benefited from implicit subsidies and State aid; underlines the distortive effect State aid can havehas on the functioning of the internal market; recalls the strict requirements for the application of Article 107(3)(b) of the Treaty on the Functioning of the European Union (TFEU);
2018/10/25
Committee: ECON
Amendment 171 #

2018/2100(INI)

Motion for a resolution
Paragraph 21
21. WelcomesTakes note of the conclusion of the ECA, in its report on the operational efficiency of the ECB’s crisis management for banks, that the organisational set-up of the ECB and its resourcing for the assessment of recovery plans and the supervision of banks in crisis are satisfactory, while noting that there are outstanding issues concerning information sharing and efficiency of coordination;
2018/10/25
Committee: ECON
Amendment 180 #

2018/2100(INI)

Motion for a resolution
Paragraph 23
23. Takes note of the agreement reached at the Euro Summit meeting of 29 June 2018 on the European Deposit Insurance Scheme (EDIS); underlines the necessity of EDIS as the third pillar of the Banking Unioneffective risk-reduction before discussing tools for risk-sharing such as EDIS; believes it shcould be fully implemented, but only once significant and substantial risk reduction has taken placebeen implemented;
2018/10/25
Committee: ECON
Amendment 183 #

2018/2100(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Recalls that the moral hazard of deposit protection spurs deposit banks to engage in overly risky behaviour; recalls that deposit protection disincentivizes deposit holders to scrutinise their bank and its investment and management decisions;
2018/10/25
Committee: ECON
Amendment 185 #

2018/2100(INI)

Motion for a resolution
Paragraph 23 b (new)
23b. Stresses that any new primary, secondary rules or even guidelines must be accompanied by an in-depth impact analysis which makes clear the overall impact on the real economy, especially on SMEs and on the financing of households, on employment and on the demand for investment;
2018/10/25
Committee: ECON
Amendment 4 #

2018/2033(INI)

Motion for a resolution
Citation 21 a (new)
– having regard to the European Commission's convergence reports;
2018/07/16
Committee: ECON
Amendment 17 #

2018/2033(INI)

Motion for a resolution
Recital A
A. whereas, according to the Commission’s forecasts, the GDP growth rate for the euro area was 2.4 % in 2017 and will dip slightly to 2.3 % in 2018 and to 2 % in 2019; whereas economic growth is still fragile and is expected to slow down in the face of many systemic challenges such as higher oil pricthe end of the ECB's Asset Purchasing Programme (APP) and the subsequent normalisation of interest rates;
2018/07/16
Committee: ECON
Amendment 30 #

2018/2033(INI)

Motion for a resolution
Recital C
C. whereas Europe still faces a huge investment deficitgap between € 270 billion and € 330 billion, even though it has benefitted from exceptionally low interest rates for years and financing conditions remain very favourable;
2018/07/16
Committee: ECON
Amendment 36 #

2018/2033(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas structural reforms, such as flexible labour markets, liberalisation of services, increased competition, boosting in innovation and addressing the adaptation of the welfare state to ageing populations, are still below the Commission's targets;
2018/07/16
Committee: ECON
Amendment 62 #

2018/2033(INI)

Motion for a resolution
Paragraph 2
2. Reiterates the urgency of carrying on the fight against the inequalitistructural challenges that hamper economic growth;
2018/07/16
Committee: ECON
Amendment 70 #

2018/2033(INI)

Motion for a resolution
Paragraph 3
3. Considers that structural reforms, growth-orientated fiscal policies are needed at the European level, alongside an appropriate monetary policynd ambitious reduction of red tape are needed at the European level, in order to strengthen the European economy;
2018/07/16
Committee: ECON
Amendment 75 #

2018/2033(INI)

Motion for a resolution
Paragraph 3 – subparagraph 1 (new)
Reiterates that the European Central Bank is an independent body, and that monetary financing of the European economy is prohibited;
2018/07/16
Committee: ECON
Amendment 84 #

2018/2033(INI)

Motion for a resolution
Paragraph 4
4. Supports flexibility in the implementation ofTakes note of the flexibility granted by the Stability and Growth Pact as proposed by the Commission in 2015; considers that much more flexibility is required to boost investment and growth in the EU; calls, therefore, for a reform of the Stability and Growth Pact and the introduction of an aggregate euro area fiscal stancereiterates its stance on the full respect for existing flexibility clauses;
2018/07/16
Committee: ECON
Amendment 160 #

2018/2033(INI)

Motion for a resolution
Paragraph 10
10. Recalls that the fight against aggressive tax planning strategiestax base erosion, fiscal fraud and tax evasion is essential to ensure the fair treatment of taxpayers, safeguard public finances, preserve social cohesion and fight inequalities;
2018/07/16
Committee: ECON
Amendment 173 #

2018/2033(INI)

Motion for a resolution
Paragraph 11
11. Welcomes the Commission recommendation to review the tax systems of a number of Member States which are exploited by multinationals engaged in aggressive tax planning; insists on the need to implement an ambitious pCBCR (public country-by-country reporting) and CCCTB (common consolidated corporate tax base);
2018/07/16
Committee: ECON
Amendment 191 #

2018/2033(INI)

Motion for a resolution
Paragraph 13
13. Encourages stronger coordination and harmonisation of taxation with the objective of reducing the differences among Member States over a ten-year period, thus making any possible company relocation unattractive;deleted
2018/07/16
Committee: ECON
Amendment 209 #

2018/2033(INI)

Motion for a resolution
Paragraph 14
14. WelcomesTakes note of the Council recommendation and the Commission’s efforts to encourage Members States with large current account surpluses to promote faster wage growth, and strengthen investment and thus foster economic expansion; highlights the fact that real wage growth has, in recent times, lagged behind productivity growth, while improvements have occurred in the labour market; stresses, against this background, that there could be room for wage increases in certain sectors and areas to ensure good standards of living, taking into account the need to tackle inequalities and boost growth;
2018/07/16
Committee: ECON
Amendment 225 #

2018/2033(INI)

Motion for a resolution
Paragraph 15
15. Notes with concern the recent rise in oil prices which generally weakens growth and raises inflation; stresses that, rather than relying on seasonal factors for its recovery, the only way to make the European economy an area of prosperity is to encourage public investment and promote domestic demand;deleted
2018/07/16
Committee: ECON
Amendment 237 #

2018/2033(INI)

Motion for a resolution
Paragraph 16
16. Recalls that a recent study underlined the determinant role played by businesses seeking to resist wage pressure in existing current account surpluses in some Member States;deleted
2018/07/16
Committee: ECON
Amendment 248 #

2018/2033(INI)

Motion for a resolution
Paragraph 18
18. Recalls the need for strongeradequate surveillance of the employment and social situation in Europe and appropriate and constant follow-up at every step of the European Semester in order to boost quality job creation and thus achieve smart, sustainable and inclusive growth;
2018/07/16
Committee: ECON
Amendment 257 #

2018/2033(INI)

Motion for a resolution
Paragraph 19
19. Shares the Commission’s concerns regarding developments in the housing market in some Member States; stresses that rising interest rates and housing prices are having an impact on household private debt; underlines that this debt plays a role in the instability of the euro area; calls on the Commission to take initiatives in this area in line with recommendation 19 of the social pillar;
2018/07/16
Committee: ECON
Amendment 263 #

2018/2033(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Regrets that some member states have not made use of unusually low interest rates to structurally reduce their sovereign debt levels;
2018/07/16
Committee: ECON
Amendment 272 #

2018/2033(INI)

Motion for a resolution
Paragraph 20
20. Deeply regretsTakes note of the proposed cuts in cohesion policy as set out by the Commission in its MFF proposal; insists on the fact that a decrease in structural funding runs counter to the EU’s objective of strengthening economic, social and territorial cohesion, puts at risk the key importance of the ESIF in stimulating public and private investment, and would send a negative signal to citizens; recalls that the EU cohesion policy has a direct impact on citizens’ lives;
2018/07/16
Committee: ECON
Amendment 280 #

2018/2033(INI)

Motion for a resolution
Paragraph 21
21. RegretWelcomes the fact that the Commission makes part of the allocation of European funds conditional on the European Semester and economic governance;
2018/07/16
Committee: ECON
Amendment 283 #

2018/2033(INI)

Motion for a resolution
Paragraph 22
22. Stresses the key importance of structural funds for the stimulation of public investment, taking into account their strong multiplier effect;deleted
2018/07/16
Committee: ECON
Amendment 291 #

2018/2033(INI)

Motion for a resolution
Paragraph 23
23. Warns that the longer the current savings-oriented policy – primarily focused on making spending cuts – continues without an effective investment plan to generate revenue through growth, social cohesion and solidarity, the clearer it will become that Europe’s economic integration and prosperity is at risk from growing social inequalities;deleted
2018/07/16
Committee: ECON
Amendment 307 #

2018/2033(INI)

Motion for a resolution
Paragraph 24
24. Takes note ofWelcomes the proposed InvestEU programme which focuses on four key priorities for the EU (sustainable infrastructure; research, innovation and digitisation; small and medium-sized businesses; and social investment); requsuggests that the focus of the InvestEU programme be placed on efficient resources and decarbonisation projecsustainable investments, and stresses the need to guarantee a more balanced budget allocation among Member States and regions;
2018/07/16
Committee: ECON
Amendment 315 #

2018/2033(INI)

Motion for a resolution
Paragraph 25
25. Recalls that the completion of the EMU requires strong political commitment, efficient governance based on the Community method and democratic accountabilitywith full respect for the unanimity rules and democratic accountability, structural reforms, risk reduction, and better use of the available financial resources;
2018/07/16
Committee: ECON
Amendment 321 #

2018/2033(INI)

Motion for a resolution
Paragraph 26
26. Underlines the need to strike the right balance between fiscal responsibility and solidarity; is concerned by the lack of ambition in determining the solidarity instruments needed for the sustainability of the EMU;deleted
2018/07/16
Committee: ECON
Amendment 2 #

2018/2023(INI)

Draft opinion
Recital A a (new)
Aa. whereas in order to be consistent with the objectives of sustainability, batteries should be produced with the minimum environmental impact inside and outside the Union, especially regarding the process of extraction of raw materials used for the building of the batteries.
2018/06/19
Committee: ITRE
Amendment 4 #

2018/2023(INI)

Draft opinion
Recital A b (new)
Ab. whereas the decarbonisation of transport in the EU should follow the principle of technological neutrality, thus ensuring a level playing field for the various low emission technologies for clean mobility and encouraging a competitive environment and further innovation in this area;
2018/06/19
Committee: ITRE
Amendment 6 #

2018/2023(INI)

Draft opinion
Recital A c (new)
Ac. whereas major European automakers have recently pledged to bring a greater number of battery-electric vehicles into the market by 2020 15;
2018/06/19
Committee: ITRE
Amendment 7 #

2018/2023(INI)

Draft opinion
Recital A d (new)
Ad. whereas the objectives and the implementation of charging infrastructure for electric vehicles varies significantly from one Member State to another;
2018/06/19
Committee: ITRE
Amendment 8 #

2018/2023(INI)

Draft opinion
Recital A e (new)
Ae. whereas the majority of Member States have not set targets for CNG vehicles;
2018/06/19
Committee: ITRE
Amendment 9 #

2018/2023(INI)

Draft opinion
Recital A f (new)
Af. whereas the deployment of refuelling infrastructure for hydrogen- powered fuel cell electric vehicles is optional under Directive 2014/94/EU;
2018/06/19
Committee: ITRE
Amendment 14 #

2018/2023(INI)

Draft opinion
Paragraph 1
1. Underlines that although more than 65 % of battery electric vehicles and plug- in hybrid electric vehicles are produced outside the Union and new mobility will lead to a shift in skills, it is crucial to ensure the momentum to boost our industry and create new jobs in Europe; calls on the Member States to accelerate the uptake of research related to sustainable electro- mobility by making full use of EU funds; calls, therefore, for adequate and ambitious EU funding under the next multiannual financial framework at national, regional and local level to address potential funding gaps;
2018/06/19
Committee: ITRE
Amendment 34 #

2018/2023(INI)

Draft opinion
Paragraph 2
2. Calls on transmission system operators and distribution system operators to ensure the stability of local grids and to mitigate a future energy consumption peak and thus a de facto potential increase in energy prices; stresses, therefore, the crucial need to develop and invest in smart charging technologies, including smart grids; underlines that although smart charging will go hand in hand with self- consumption and active consumers, security of supply is essential;
2018/06/19
Committee: ITRE
Amendment 123 #

2018/0328(COD)

Proposal for a regulation
Recital 8
(8) The Competence Centre should be the Union’s main instrument to pool investment in cybersecurity research, technology, especially quantum technologies, and industrial development and to implement relevant projects and initiatives together with the Cybersecurity Competence Network. It should deliver cybersecurity-related financial support from the Horizon Europe and Digital Europe programmes, and should be open to the European Regional Development Fund and other programmes where appropriate. This approach should contribute to creating synergies and coordinating financial support related to cybersecurity research, innovation, technology and industrial development and avoiding duplication.
2019/01/17
Committee: ITRE
Amendment 128 #

2018/0328(COD)

Proposal for a regulation
Recital 12
(12) National Coordination Centres should be selected by Member States. In addition to the necessary administrative capacity, Centres should either possess or have direct access to cybersecurity technological expertise in cybersecurity, notably in domains such as cryptography, ICT security services, intrusion detection, system security, network security, software and application security, or human and societal aspects of security and privacy. They should also have the capacity to effectively engage and coordinate with the industry, including SMEs, the public sector, including authorities designated pursuant to the Directive (EU) 2016/1148 of the European Parliament and of the Council23 , and the research community. _________________ 23 Directive (EU) 2016/1148 of the European Parliament and of the Council of 6 July 2016 concerning measures for a high common level of security of network and information systems across the Union (OJ L 194, 19.7.2016, p. 1).
2019/01/17
Committee: ITRE
Amendment 139 #

2018/0328(COD)

Proposal for a regulation
Recital 15
(15) The Competence Centre should have several key functions. First, the Competence Centre should facilitate and help coordinate the work of the European Cybersecurity Competence Network and nurture the Cybersecurity Competence Community. The Centre should drive the cybersecurity technological agenda and facilitate access to the expertise gathered in the Network and the Cybersecurity Competence Community. Secondly, it should implement relevant parts of Digital Europe and Horizon Europe programmes by allocating grants, typicallyespecially in the field of quantum technologies, following a competitive call for proposals. Thirdly, the Competence Centre should facilitate joint investment by the Union, Member States and/or industry.
2019/01/17
Committee: ITRE
Amendment 146 #

2018/0328(COD)

Proposal for a regulation
Recital 17
(17) In order to respond to the needs of both demand and supply side industries, the Competence Centre’s task to provide cybersecurity knowledge and technical assistance to industries, including SMEs, should refer to both ICT products and services and all other industrial and technological products and solutions in which cybersecurity is to be embedded.
2019/01/17
Committee: ITRE
Amendment 153 #

2018/0328(COD)

Proposal for a regulation
Recital 21
(21) In view of their respective expertise in cybersecurity, the Joint Research Centre of the Commission as well as the European Network and Information Security Agency (ENISA) should play an active part in the Cybersecurity Competence Community and the Industrial and Scientific Advisory Board, so that synergies can be promoted and developed in a targeted manner.
2019/01/17
Committee: ITRE
Amendment 169 #

2018/0328(COD)

Proposal for a regulation
Article 1 – paragraph 3
3. The seat of the Competence Centre shall be located in [Brussels, Belgium.]ould have the pre-selected necessary infrastructure and comply with the federal principle.
2019/01/17
Committee: ITRE
Amendment 195 #

2018/0328(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point 3 – point a
(a) having regard to the state-of-the-art cybersecurity industrial and research infrastructures and related services , acquiring, upgrading, operating and making available such infrastructures and related services to a wide range of users across the Union from industry including, especially SMEs, the public sector and the research and scientific community;
2019/01/17
Committee: ITRE
Amendment 198 #

2018/0328(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point 3 – point c
(c) providing cybersecurity knowledge and technical assistance to industry, SMEs and public authorities, in particular by supporting actions aimed at facilitating access to the expertise available in the Network and the Cybersecurity Competence Community;
2019/01/17
Committee: ITRE
Amendment 218 #

2018/0328(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point 5 – point a
(a) supporting further development of cybersecurity skills , where appropriate, together with relevant EU agencies and bodies including ENISA.
2019/01/17
Committee: ITRE
Amendment 240 #

2018/0328(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point a
(a) supporting the Competence Centre in achieving its objectives and in particular in coordinating and promoting the Cybersecurity Competence Community;
2019/01/17
Committee: ITRE
Amendment 308 #

2018/0328(COD)

Proposal for a regulation
Article 15 – paragraph 1
1. The Union shall hold 50 % of the voting rights. The voting rights of the Union shall be indivisiblEach member of the Governing Board shall have one vote.
2019/01/17
Committee: ITRE
Amendment 57 #

2018/0229(COD)

Proposal for a regulation
Recital 4 a (new)
(4a) The Decision of the United Kingdom to withdraw from the Union under Article 50 of the TEU on 29March 2019 poses a significant challenge to the Union economy with substantial trade in goods and services between the UK and the EU27. With potential consequences for GDP in the EU27 as a result of the withdrawal, the InvestEU fund should aim to assist EU industry, in particular SMEs.
2018/09/14
Committee: ITRE
Amendment 82 #

2018/0229(COD)

Proposal for a regulation
Recital 10
(10) The contribution of the InvestEU Fund to the achievement of the climate target and sectorial targets included in the 2030 Climate and Energy Framework will be tracked through an EU climate tracking system developed by the Commission in cooperation with implementing partners and using in an appropriate way the criteria established by [Regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable. _________________ 14 COM(2018)353. COM(2018)353.
2018/09/14
Committee: ITRE
Amendment 91 #

2018/0229(COD)

Proposal for a regulation
Recital 13
(13) Low infrastructure investment rates in the Union during the financial crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. Sizeable investments in the European infrastructure, notably interconnection, are fundamental to meet the Union's sustainability targets, including the 2030 energy and climate targets. Accordingly, support from the InvestEU Fund should target investments into transport, energy, including energy efficiency and renewable energy, environmental, climate action, maritime and digital infrastructure. To maximise the impact and the value added of Union financing support, it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant Union programmes. Bearing in mind security threats, investment projects receiving Union support should take into account principles for the protection of citizens in public spaces. This should be complementary to the efforts made by other Union funds such as the European Regional Development Fund providing support for security components of investments in public spaces, transport, energy and other critical infrastructure.
2018/09/14
Committee: ITRE
Amendment 95 #

2018/0229(COD)

Proposal for a regulation
Recital 14
(14) Whereas the level of overall investment in the Union is increasing, investment in higher-risk activities such as research and innovation is still inadequate. TGiven the public funding of research and innovation activities drives productivity growth and is crucial to boost private research and innovation activities, the resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the Union and the quality of life of its citizens. The InvestEU Fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders, in particular to allow the upscaling of and deployment of solutions at a commercial scale in the Union, in order to make such solutions competitive on world markets. In order to address the need to support investment in higher-risk activities such as research and innovation, it is essential that Horizon Europe, in particular the EIC, works in synergy with the financial products to be deployed under InvestEU. Additionally, innovative SMEs and start- ups face difficulties in access to finance, especially those focusing on intangible assets, hence the need for the EIC to work in close complementarity with the dedicated financial products under InvestEU to ensure a continuity of support for such SMEs. In that regard, the experience gained from the financial instruments deployed under Horizon 2020 such as InnovFin and the loan guarantee for SMEs under COSME should serve as a strong basis to deliver this targeted support.
2018/09/14
Committee: ITRE
Amendment 104 #

2018/0229(COD)

Proposal for a regulation
Recital 16
(16) Small and medium-sized enterprises (SMEs) play a crucial role in the Unionrepresent over 99 % of businesses in the Union and their economic value is crucial. However, they face challenges when accessing finance because of their perceived high risk and lack of sufficient collateral. Additional challenges arise from SMEs' need to stay competitive by engaging in digitisation, internationalisation and innovation activities and skilling up their workforce. Moreover, compared to larger enterprises, they have access to a more limited set of financing sources: they typically do not issue bonds, have only limited access to stock exchanges or large institutional investors. The challenge in accessing finance is even greater for those SMEs whose activities focus on intangible assets. SMEs in the Union rely heavily on banks and debt financing in the form of bank overdrafts, bank loans or leasing. Supporting SMEs that face the above challenges and providing more diversified sources of funding is necessary for increasing the ability of SMEs to finance their creation, growth, innovation and development, ensure their competitiveness, withstand economic downturns, and for making the economy and the financial system more resilient during economic downturn or shocks. This is also complementary to the initiatives already undertaken in the context of the Capital Markets Union. The InvestEU Fund shoulProgrammes such as COSME have been important for SMEs by facilitating access to finance in all phases of their lifecycle. EFSI has a significant impact on SMEs as well. The InvestEU Fund should therefore build on these successes and provide an opportunity to focus on specific, more targeted financial products.
2018/09/14
Committee: ITRE
Amendment 133 #

2018/0229(COD)

Proposal for a regulation
Recital 23
(23) The EU guarantee of EUR 38 000 000 000 (current prices) at Union level is expected together with EUR 9 500 000 000 from financial partners to mobilise more than EUR 650 000 000 000 of additional investment across the Union and should be indicatively allocated between the policy windows.
2018/09/14
Committee: ITRE
Amendment 138 #

2018/0229(COD)

Proposal for a regulation
Recital 26
(26) The Commission should assess the compatibility of investment and financing operations submitted by the implementing partners with Union law and policies whereas the decisions on financing and investment operations should ultimately be taken by an implementing partner.deleted
2018/09/14
Committee: ITRE
Amendment 140 #

2018/0229(COD)

Proposal for a regulation
Recital 26 a (new)
(26a) A Steering Committee consisting of appointees by the European Commission, the European Investment Bank, the Implementing Partners, and a non-voting expert appointed by the European Parliament, should be established in order to ensure the governance of the InvestEU programme has the correct balance between policy and banking expertise.
2018/09/14
Committee: ITRE
Amendment 143 #

2018/0229(COD)

Proposal for a regulation
Recital 27
(27) A Project Team consisting of experts put at the disposal of the Commission by the implementing partners in order to provide professional expertise in financial and technical assessment of proposed financing and investment operations should score those submitted by the implementing partners to be assessed by the Investment Committee.deleted
2018/09/14
Committee: ITRE
Amendment 150 #

2018/0229(COD)

Proposal for a regulation
Recital 30
(30) In order to ensure that interventions under the EU compartment of the InvestEU Fund focus on market failures and sub- optimal investment situations at Union level, but, at the same time, satisfy the objectives of best possible geographic outreach, the EU guarantee should be allocated to implementing partners, which alone or together with other implementing partners, can cover at least three Member States. However, it is expected that around 75 % of the EU guarantee under the EU compartment would be allocated to implementing partner or partners that can offer financial products under the InvestEU Fund in all Member Statesthe European Investment Bank.
2018/09/14
Committee: ITRE
Amendment 156 #

2018/0229(COD)

Proposal for a regulation
Recital 31
(31) The EU guarantee under the Member State compartment should be allocated to any implementing partner eligible according to [Article 62(1)(c)] of the [Financial Regulation], including national or regional promotional banks or institutions, the EIB, the European Investment Fund and other multilateral development bank Group and other multilateral development banks. Where the deployment of the Member State compartment is to target policy actions already addressed by the EU compartment through similar financing and investment operations, the Member State compartment and the EU compartments shall have the same implementing partners. When selecting implementing partners under the Member State compartment, the Commission should take into account the proposals made by each Member State. In accordance with [Article 154] of the [Financial Regulation], the Commission must carry out an assessment of the rules and procedures of the implementing partner to ascertain that they provide a level of protection of the financial interest of the Union equivalent to the one provided by the Commission.
2018/09/14
Committee: ITRE
Amendment 158 #

2018/0229(COD)

Proposal for a regulation
Recital 32
(32) Financing and investment operations should ultimately be decided by an implementing partner in its own name, implemented in accordance with its internal rules and procedures and accounted for in its own financial statements. Therefore, the Commission should exclusively account for any financial liability arising from the EU guarantee and disclose the maximum guarantee amount, including all relevant information on the guarantee provided.
2018/09/14
Committee: ITRE
Amendment 168 #

2018/0229(COD)

Proposal for a regulation
Recital 5
(5) The InvestEU Fund should contribute to improving the competitiveness of the Union, including in the field of innovation and digitisation, the sustainability of the Union's economic growth, the social resilience and inclusiveness and the integration of the Union capital markets, including solutions addressing their fragmentation and diversifying sources of financing for the Union enterprises. To that end, it should support projects that are technically and economically viable by providing a framework for the use of debt, risk sharing and equity instruments underpinned by a guarantee from the Union's budget and by contributions from implementing partners as relevant. It should be demand-driven while support under the InvestEU Fund should at the same time focus on contributing to meeting policy objectives of the Union.
2018/11/07
Committee: BUDGECON
Amendment 181 #

2018/0229(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 17 a (new)
(17a) 'EIB' means the European Investment Bank, the European Investment Fund or any subsidiary of the European Investment Bank;
2018/09/14
Committee: ITRE
Amendment 189 #

2018/0229(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point b
(b) to support financing and investment operations in research, innovation and digitisation, including support for the upscaling of innovative companies and bringing technologies to market;
2018/09/14
Committee: ITRE
Amendment 197 #

2018/0229(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point c
(c) to increase the access to and the availability of finance for SMEs and, in duly justified cases, for smalland to enhance the global competitiveness of SMEs and mid-cap companies;
2018/09/14
Committee: ITRE
Amendment 205 #

2018/0229(COD)

Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
The EU guarantee for the purposes of the EU compartment referred to in point (a) of Article 8(1) shall be EUR 38 000 000 000 (current prices), of which at least EUR 28 500 000 000 shall be allocated to the EIB. It shall be provisioned at the rate of 40 %.
2018/09/14
Committee: ITRE
Amendment 209 #

2018/0229(COD)

Proposal for a regulation
Article 4 – paragraph 2
2. The indicative distribution of the amount referred to in the first subparagraph of paragraph 1 is set out in Annex I to this Regulation. The Commission may modify the amounts referred to in that Annex I, where appropriate, by up to 1520 % for each objective. It shall inform the European Parliament and the Council of any modification.
2018/09/14
Committee: ITRE
Amendment 210 #

2018/0229(COD)

Proposal for a regulation
Recital 13
(13) Low infrastructure investment rates in the Union during the financial crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. Sizeable investments in the European infrastructure are fundamental to meet the Union's sustainability targets, including the 2030 energy and climate targets. Accordingly, support from the InvestEU Fund should target investments into transport, energy, including energy efficiency and renewable energy, environmental, climate action, including renewable materials, maritime and digital infrastructure. To maximise the impact and the value added of Union financing support, it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant Union programmes. Bearing in mind security threats, investment projects receiving Union support should take into account principles for the protection of citizens in public spaces. This should be complementary to the efforts made by other Union funds such as the European Regional Development Fund providing support for security components of investments in public spaces, transport, energy and other critical infrastructure.
2018/11/07
Committee: BUDGECON
Amendment 217 #

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point a
(a) sustainable infrastructure policy window: comprises sustainable investment in the areas of transport, energy, digital connectivity in particular the increased deployment of renewable energy, energy efficiency investments, and improving interconnection levels, digital connectivity and access especially in rural areas, supply and processing of raw materials, space, oceans and water, waste and the circular economy, nature and other environment infrastructure, equipment, mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the Union, or to both, or meet the environmental or social sustainability standards of the Union;
2018/09/14
Committee: ITRE
Amendment 224 #

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point b
(b) research, innovation and digitisation policy window: comprises research and innovation activities, transfer of research results to the market, demonstration, and deployment and adaption of innovative solutions and support to scaling up of innovative companies other than SMEs as well as digitisation of Union industry, based on the experiences gained under the Horizon 2020 financial instruments, in particular the InnovFin;
2018/09/14
Committee: ITRE
Amendment 228 #

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point c
(c) SMEs policy window: access to and availability of finance for SMEs and, in duly justified cases, for small mid-cap companies; mid- cap companies, actions to improve their global competitiveness, digitisation and innovation capacity, encourage entrepreneurial culture and environment as well as to promote their creation and growth.
2018/09/14
Committee: ITRE
Amendment 229 #

2018/0229(COD)

Proposal for a regulation
Recital 19
(19) Each policy window should be composed of two compartments, that is to say an EU compartment and a Member State compartment. The EUMember State compartment should address Union-wideMember State specific market failures and/or sub-optimal investment situations in a proportionate manner; supported actions should have a clear European added value. The Member State compartment should give Member States the possibility to contribute a share of their resources of Funds under shared management to the provisioning of the EU guarantee to use the EU guarantee for financing or investment operations to address specific market failures or sub-optimal investment situations in their own territory, including in vulnerable and remote areas such as the outermost regions of the Union, to deliver objectives of the Fund under shared managementrelated to Union policy objectives. In addition, it should be possible for Member States to contribute to the Member State compartment in the form of guarantees or cash. Actions supported from the InvestEU Fund through either EU or Member State compartments should not duplicate or crowd out private financing or distort competition in the internal market.
2018/11/07
Committee: BUDGECON
Amendment 240 #

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point d
(d) social investment and skills policy window: comprises microfinance, social enterprise finance and social economy; skills, education, training and related services; social infrastructure (including social and student housing); social innovation; health and long-term care; inclusion and accessibility; cultural activities in particular with a social goal; integration of vulnerable people, including third country nationals.
2018/09/14
Committee: ITRE
Amendment 247 #

2018/0229(COD)

Proposal for a regulation
Recital 23
(23) The EU guarantee for the purposes of the EU compartment of EUR 38 000 000 000 (current prices) at Union level is expected together with EUR 9 500 000 000 from financial partners to mobilise more than EUR 650 000 000 000 of additional investment across the Union and should be indicatively allocated between the policy windows.
2018/11/07
Committee: BUDGECON
Amendment 248 #

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
(ca) demonstrate the expected benefits and contribution of the project in terms of Climate and Energy objectives;
2018/09/14
Committee: ITRE
Amendment 256 #

2018/0229(COD)

Proposal for a regulation
Recital 24
(24) The EU guarantee underpinning the InvestEU Fund should be implemented indirectly by the Commission relying on implementing partners with outreach to financial intermediaries and final recipients. A guarantee agreement allocating guarantee capacity from the InvestEU Fund should be concluded by the Commission with each implementing partner, to support its financing and investment operations meeting the InvestEU Fund objectives and eligibility criteria. The InvestEU Fund should be provided with a specific governance structure to ensure the appropriate use of the EU guarantee.
2018/11/07
Committee: BUDGECON
Amendment 261 #

2018/0229(COD)

Proposal for a regulation
Article 8 a (new)
Article 8a Additionality 1. For the purposes of this Regulation, ‘additionality’ means the support by the InvestEU Fund of operations which address market failures or sub-optimal investment situations and which could not have been carried out during the period in which the EU guarantee can be used, or not to the same extent, by implementing partners without InvestEU Fund support. Projects supported by the InvestEU Fund shall support the objectives laid down in Article 3, shall strive to create employment and sustainable growth. 2. Without prejudice to the requirement to meet the definition of additionality as set out in the first subparagraph, the following elements are strong indications of additionality: — projects proposed that carry a risk corresponding to EIB special activities, as defined in Article 16 of the EIB Statute, or an equivalent level of risk, especially if such projects present country-, sector- or region-specific risks, in particular those experienced in less developed regions and transition regions and/or if such projects present risks associated with innovation, in particular in growth-, sustainability- and productivity-enhancing unproven technologies; — projects proposed by implementing partners considered by the Investment Committee to carry a level of risk equivalent to that described in the first indent of this subparagraph.
2018/09/14
Committee: ITRE
Amendment 267 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 1
1. In line with Article21 of Regulation (EU) XX [... Common Provisions Regulation], Member States or regions, as applicable and on a voluntary basis, may request the transfer of parts of their financial allocations to InvestEU. Transferred resources shall be implemented in accordance with the rules of InvestEU. Amounts allocated by a Member State under Article [10(1)] of Regulation [[CPR] number] or Article [75(1)] of Regulation [[CAP plan] number] or, where applicable, by a region, shall be used for the provisioning of the part of the EU guarantee under the Member State compartment covering financing and investment operations in the Member State or region concerned.
2018/09/14
Committee: ITRE
Amendment 271 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 3 – point a
(a) the overall amount of the part of the EU guarantee under the Member State compartment pertaining to the Member State or region, its provisioning rate, the amount of the contribution from Funds under shared management, the constitution phase of the provisioning in accordance with an annual financial plan and the amount of the resulting contingent liability to be covered by a back-to-back guarantee provided by the Member State or region concerned;
2018/09/14
Committee: ITRE
Amendment 274 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 3 – point c
(c) the implementing partner or partners which have expressed their interest and the obligation of the Commission to inform the Member State and, where applicable, the region, about the implementing partner or partners selected;
2018/09/14
Committee: ITRE
Amendment 277 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 3 – point e
(e) the annual reporting obligations towards the Member State or region where applicable, including reporting in accordance with the indicators referred to in the contribution agreement;
2018/09/14
Committee: ITRE
Amendment 282 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 5 – point c
(c) the Commission shall immediately inform the Member State, or region where applicable, where, as a result of calls on that part of the EU guarantee under the Member State compartment, the level of provisions for that part of the EU guarantee falls below 20 % of the initial provisioning;
2018/09/14
Committee: ITRE
Amendment 283 #

2018/0229(COD)

Proposal for a regulation
Recital 29
(29) In selecting implementing partners for the deployment of the InvestEU Fund, the Commissrelevant considerations should consiincluder the counterpart's capacity to fulfil the objectives of the InvestEU Fund and to contribute its own resourcesto it, in order to ensure adequate geographical coverage and diversification, to crowd-in private investors and to provide sufficient risk diversification as well as new solutions to address market failures and sub-optimal investment situations, and ensure economic, social and territorial cohesion. Given its role under the Treaties, its capacity to operate in all Member States and the existing experience under the current financial instruments and the EFSI, the European Investment Bank (‘IB Group should be responsible for the InvestEU Advisory Hub and indirectly manage the EU guarantees for the EU compartment and the Member State compartment. The implementing partners will be as follows: (i) the EIB’) Group should remain a privileged implementing partner under the InvestEU Fund's EU compartmentunder the EIB Window of the EU compartment (ii) the National Promotional Banks or Institutions (NPBIs) with whom a guarantee agreement is signed under the NPBI Window of the EU compartment, (iii) the eligible counterpart such as a financial institution or other intermediary with whom a guarantee agreement is signed under the Member State compartment and (iv) the EIB under the InvestEU Advisory Hub. In line with its role in the Treaties, EIB will provide all strategic banking competences for the Commission and other implementing partners. . In addition to the EIB Group, national, regional and local promotional banks or institutions, where they are implementing partners, should be able to offer a complementary financial product range given that their experience and capabilities at regional level could be beneficial for the maximisation of the impact of public funds on the territory of the Union. Moreover, it should be possible to have other international financial institutions as implementing partners, in particular whenunder the Member State compartment, provided they present a comparative advantage in terms of specific expertise and experience in certain Member States. It should also be possible for other entities fulfilling the criteria laid down in the Financial Regulation to act as implementing partners.
2018/11/07
Committee: BUDGECON
Amendment 284 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 5 – point d
(d) if the level of provisions for that part of the EU guarantee under the Member State compartment reaches 10 % of the initial provisioning, the Member State or region concerned shall provide to the common provisioning fund up to 5 % of the initial provisioning upon request by the Commission.;
2018/09/14
Committee: ITRE
Amendment 287 #

2018/0229(COD)

Proposal for a regulation
Article 10 – paragraph 2
2. Support of the EU guarantee may be granted for financing and investment operations covered by this Regulation for an investment period ending on 31 December 2027. Contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in Article 13(1)(a) shall be signed by 31 December 2028. For avoidance of doubt, such dates shall not apply for operations conducted between financial intermediaries and final recipients.
2018/09/14
Committee: ITRE
Amendment 289 #

2018/0229(COD)

Proposal for a regulation
Article 10 – paragraph 2 a (new)
2a. Where an implementing partner calls on the EU guarantee in accordance with a guarantee agreement or the InvestEU Agreement, the Union shall pay on demand in accordance with the terms of that agreement.
2018/09/14
Committee: ITRE
Amendment 291 #

2018/0229(COD)

(a) comply with the conditions set out in [points (a) to (e) of Article 209(2)] of [the Financial Regulation], in particular with theby achieving additionality requirement set out in [point (b) of Article 209(2)] of [the Financial Regulation]by preventing the replacement of potential support and investment from other public or market sources as set out in [point (b) of Article 209(2)] of [the Financial Regulation], achieving a leverage and multiplier effect by mobilising a global investment exceeding the size of the union guarantee and, where appropriate, maximising private investment in accordance with [point (d) of Article 209(2)] of the [Financial Regulation];
2018/09/14
Committee: ITRE
Amendment 301 #

2018/0229(COD)

Proposal for a regulation
Recital 31
(31) The EU guarantee under the Member State compartment should be allocated to any implementing partner eligible according to [Article 62(1)(c)] of the [Financial Regulation], including national or regional promotional banks or institutions, the EIB, the European Investment Fund and other multilateral development bank Group and other multilateral development banks. Where the deployment of the Member State compartment is to target policy actions already addressed by the EU Compartment through similar financing and investment operations, the Member State compartment and the EU compartment shall have the same implementing partners. When selecting implementing partners under the Member State compartment, the Commission should take into account the proposals made by each Member State. In accordance with [Article 154] of the [Financial Regulation], the Commission must carry out an assessment of the rules and procedures of the implementing partner to ascertain that they provide a level of protection of the financial interest of the Union equivalent to the one provided by the Commission.
2018/11/07
Committee: BUDGECON
Amendment 303 #

2018/0229(COD)

Proposal for a regulation
Recital 32
(32) Financing and investment operations should ultimately be decided by an implementing partner in its own name, implemented in accordance with its internal rules and procedures and accounted for in its own financial statements. Therefore, the Commission should exclusively account for any financial liability arising from the EU guarantee and disclose the maximum guarantee amount, including all relevant information on the guarantee provided.
2018/11/07
Committee: BUDGECON
Amendment 306 #

2018/0229(COD)

Proposal for a regulation
Article 12 – paragraph 1 a (new)
1a. Where the deployment of the Member State compartment is to target policy actions already addressed by the EU compartment through similar financing and investment operations, the Member State compartment and the EU compartment shall have the same implementing partners.
2018/09/14
Committee: ITRE
Amendment 311 #

2018/0229(COD)

Proposal for a regulation
Article 12 – paragraph 2 – point f a (new)
(fa) Achieves additionality as laid out in Article 8a(new);
2018/09/14
Committee: ITRE
Amendment 316 #

2018/0229(COD)

Proposal for a regulation
Article 14 – paragraph 2 – point d
(d) the remuneration for risk-taking that is to be allocated in proportion toof the Union and the implementing partner, taking into account the respective shares in the risk-taking ofand the Union and the implementing partnercapacity of final beneficiaries of covering the costs related to the implementation of financing and investment operations under the EU guarantee;
2018/09/14
Committee: ITRE
Amendment 318 #

2018/0229(COD)

Proposal for a regulation
Article 16 – paragraph 1
1. The remuneration agreed for risk- taking shall be allocatgreed between the Union and an implementing partner in proportion to their respective share in the risk-taking offor a portfolio of financing and investment operations or, where relevant, of individual operations. The implementing partner shall have an appropriate exposure at its own risk to financing and investment operations supported by the EU guarantee, unless exceptionally the policy objectives targeted by the financial product to be implemented are of such nature that the implementing partner could not reasonably contribute its own risk-bearing capacity to it.
2018/09/14
Committee: ITRE
Amendment 323 #

2018/0229(COD)

Proposal for a regulation
Article 17 – paragraph 1
1. The CommissionSteering Committee shall be advised by an advisory board which shall have two configurations, namely representatives of implementing partners and representatives of Member States.
2018/09/14
Committee: ITRE
Amendment 326 #

2018/0229(COD)

Proposal for a regulation
Article 17 – paragraph 5 – point a – point ii
(ii) provide advice to the CommissionSteering Committee about market failures and sub- optimal investment situations and market conditions;
2018/09/14
Committee: ITRE
Amendment 327 #

2018/0229(COD)

Article 17a Steering Committee 1. The InvestEU fund shall be governed by a Steering Committee which, for the purpose of the use of the EU guarantee, is to determine, in conformity with the general objectives set out in Article 3. 2. The Steering Committee shall: (a) comprise of six members: three appointed by the Commission, one by the advisory board in its configuration of the representatives of the implementing partners, one by the European Investment Bank, and one expert appointed as a non- voting member by the European Parliament. That expert shall not seek or take instructions from Union institutions, bodies, offices or agencies, from any Member State government or from any other public or private body and shall act in full independence. The expert shall perform his or her duties impartially and in the interest of the InvestEU Fund; (b) elect a Chairperson from among its voting member for a fixed term of three years, renewable once; (c) discuss and take the utmost possible account of the positions of all members. If the members cannot converge in their positions, the Steering Committee shall take its decisions by unanimous vote among its voting members. The minutes of the Steering Committee meetings shall provide a substantive account of the positions of all members. 3. The steering committee shall ensure that the strategic orientation of InvestEU is in line with the objectives set out in Article 3, and that the proposed financing and investment operations by the implementing partners comply with Union law and policies. When carrying out its tasks under this Regulation, the Steering Committee shall pursue only the objectives set out in this Regulation. 4. The Steering Committee shall determine the operating policies and procedures necessary for the functioning of InvestEU and the rules applicable to the operations with investment platforms and national promotional banks or institutions. 5. The Steering Committee shall regularly organise a consultation of relevant stakeholders - in particular co- investors, public authorities, experts, education, training and research institutions, the relevant social partners and representatives of civil society - on the orientation and implementation of the investment policy carried out under this regulation. 6. InvestEU shall have a Managing Director, who is to be responsible for day- to-day management and the preparation of meetings of the Investment Committee referred to in Article 19. The Managing Director shall be assisted by a Deputy Managing Director. The Managing Director shall report every quarter on the activities of InvestEU to the steering committee and to the advisory board. Following an open and transparent procedure, the steering committee shall select a candidate for each of the positions of Managing Director and Deputy Managing Director. 7. The European Parliament and the Council shall be kept duly informed in a timely manner at all stages of the selection procedure, subject to strict confidentiality requirements. 8. The European Parliament shall organise within four weeks from the communication of the name of the selected candidate, a hearing with the candidate for each position. Following the approval from the European Parliament, the Managing Director and Deputy Managing Director shall be appointed by the President of the EIB for a fixed term of three years, renewable once.
2018/09/14
Committee: ITRE
Amendment 331 #

2018/0229(COD)

Proposal for a regulation
Article 18
1. experts, put at the disposal of the Commission by the implementing partners free of charge for the Union budget, shall be established. 2. assign experts to the project team. The number of the experts shall be established in the guarantee agreement. 3. whether the proposed financing and investment operations by the implementing partners comply with Union law and policies. 4. Commission referred to in paragraph 3, the project team shall perform a quality control of the due diligence of the proposed financing and investment operations carried out by the implementing partners. Financing and investment operations shall be then submitted to the Investment Committee for approval of the coverage by the EU guarantee. The project team shall prepare the scoreboardArticle 18 deleted Project team A project team consisting of Each implementing partner shall The Commission shall confirm Subject to the confirmation by the the risk profile onf the proposed financing and investment operations for the Investment Committee. The scoreboard shall, in particular, contain an assessment of: (a) financing and investment operations; (b) (c) criteria. Each implementing partner shall provide adequate and harmonised information to the project team in order for it to be able to carry out its risk analysis and prepare the scoreboard. 5. assess the due diligence or appraisal relating to a potential financing or investment operation submitted by the implementing partner that has put the expert at the disposal of the Commission. That expert shall also not prepare the scoreboard in relation to those proposals. 6. declare to the Commission any conflict of interest and shall communicate without delay to the Commission all information needed to check on an ongoing basis the absence of any conflict of interest. 7. detailed rules for the functioning of the project team and for the verification of conflict of interest situations. 8. detailed rules for the scoreboard to enable the Investment Committee to approve the use of the EU guarantee for a proposed financing or investment operation.the benefit for final recipients; the respect of the eligibility A project team expert shall not Each project team expert shall The Commission shall lay down The Commission shall lay down
2018/09/14
Committee: ITRE
Amendment 334 #

2018/0229(COD)

Proposal for a regulation
Article 19 – paragraph 1 – introductory part
1. An independent Investment Committee shall be established. It shall
2018/09/14
Committee: ITRE
Amendment 337 #

2018/0229(COD)

Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 2
Each configuration of the Investment Committee shall be composed of sixeven remunerated external experts. The experts shall be selected in accordance with [Article 237] of the [Financial Regulation] and be appointed by the Commission for a fixed term of up to four years. Their term shall be renewable but shall not exceed seven years in total. The Commission may decide to renew the term of office of an incumbent member of the Investment Committee without availing itself of the procedure laid down in this paragraph.
2018/09/14
Committee: ITRE
Amendment 339 #

2018/0229(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 7
(7) 'implementing partner' means the (i) the EIB Group under the EIB Window of the EU compartment (ii) the National Promotional Banks or Institutions (NPBI) and other eligible implementing partners with whom a guarantee agreement is signed under the NPBI Window of the EU compartment or (iii) eligible counterpart such as a financial institution or other intermediary with whom the Commission signs a guarantee agreement and/or an agreement to implement the InvestEU Advisory Hub; is signed under the Member State compartment;
2018/11/07
Committee: BUDGECON
Amendment 341 #

2018/0229(COD)

Proposal for a regulation
Article 19 – paragraph 2 – subparagraph 5
Fourive members shall be permanent members of all four configurations of the Investment Committee. In addition, the four configurations shall each have two experts with experience in investment in sectors covered by that policy window. At least onetwo of the permanent members shall have expertise in sustainable investment. The Commission shall assign the Investment Committee members to its appropriate configuration or configurations. The Investment Committee shall elect a chairperson from among its permanent members.
2018/09/14
Committee: ITRE
Amendment 342 #

2018/0229(COD)

Proposal for a regulation
Article 19 – paragraph 3 – subparagraph 2
CVs and declarations of interest of each member of the Investment Committee shall be made public and constantly updated. Each member of the Investment Committee shall communicate without delay to the Commission and the Steering Committee all information needed to check on an ongoing basis the absence of any conflict of interest.
2018/09/14
Committee: ITRE
Amendment 359 #

2018/0229(COD)

Proposal for a regulation
Article 20 – paragraph 2 – point f a (new)
(fa) undertaking communication actions to raise awareness of the available support to project promoters and to financial and other intermediaries provided by the Advisory Hub, and more generally the opportunities available under InvestEU.
2018/09/14
Committee: ITRE
Amendment 362 #

2018/0229(COD)

Proposal for a regulation
Article 20 – paragraph 6
6. The InvestEU Advisory Hub shall have local presence, where necessary and complementary to local partners. It shall be established local presence or cooperation with local partners in particular in Member States or regions that face difficulties in developing projects under the InvestEU Fund. The InvestEU Advisory Hub shall assist in the transfer of knowledge to the regional and local level with a view to building up regional and local capacity and expertise for support referred to in paragraph 1.
2018/09/14
Committee: ITRE
Amendment 370 #

2018/0229(COD)

Proposal for a regulation
Article 22 – paragraph 3
3. The performance reporting system shall ensure that data for monitoring implementation and results are collected efficiently, effectively and in a timely manner. To that end, proportionate reporting requirements shall be imposed on implementing partners and other recipients of Union funds, as appropriate. The reporting systems shall provide a clear mapping of the policy windows detailed in the eligible areas for financing and investment operations as laid down in Annex II.
2018/09/14
Committee: ITRE
Amendment 376 #

2018/0229(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point c
(c) to increase the access to and the availability of finance for SMEs and, in duly justified cases, for small mid- cap companies;
2018/11/07
Committee: BUDGECON
Amendment 387 #

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 1 – point a
(a) expansion of the generation and accelerating the deployment, supply or use of clean and sustainable renewable energy;
2018/09/14
Committee: ITRE
Amendment 392 #

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 1 – point c
(c) development, smartening and modernisation of sustainable energy infrastructure (transmission and distribution level, storage technologies), and increasing the level of electricity interconnection between Member states;
2018/09/14
Committee: ITRE
Amendment 412 #

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point b
(b) research, innovation and digitisation policy window: comprises research and innovation activities, transfer of research results to the market, demonstration and deployment of innovative solutions and support to scaling up of innovative companies other than SMEs as well as digitisation of Union industry based on the experiences gained under the Horizon 2020 financial instruments, in particular the InnovFin;
2018/11/07
Committee: BUDGECON
Amendment 423 #

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 4
4. Development of digital connectivity infrastructure, in particular through projects supporting deployment of very high capacity digital networks, and improving digital connectivity and access, particularly to rural areas and peripheral regions.
2018/09/14
Committee: ITRE
Amendment 444 #

2018/0229(COD)

Proposal for a regulation
Article 7 a (new)
Article 7a Additionality For the purposes of this Regulation, 'additionality' means support by the InvestEU Fund for operations which address market failures or sub- optimal investment situations and which could not have been carried out during the period in which the EU guarantee can be used, or not to the same extent, by implementing partners without InvestEU Fund support. The InvestEU Fund shall support the general objectives laid down in Article 3(1), shall strive to create employment and sustainable growth and shall typically have a higher risk profile than projects supported by normal operations of the implementing partners. Overall, the InvestEU Fund portfolio shall have a higher risk profile than the portfolio of investments supported by the implementing partners under their normal investment policies before the entry into force of this Regulation.
2018/11/07
Committee: BUDGECON
Amendment 448 #

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 7 – point a
(a) provision of working capital and investment, particularly relating to actions that drive an entrepreneurial culture and environment and promote the creation and growth of SMEs;
2018/09/14
Committee: ITRE
Amendment 451 #

2018/0229(COD)

Proposal for a regulation
Article 8 – paragraph 1 – introductory part
1. Each policy window referred to in Article 7(1) shall consist of two compartments addressing: the EU compartment and the Member State compartment. The Member State compartment shall address Member State specific market failures and/or sub-optimal investment situations as follows:related to Union policy objectives.
2018/11/07
Committee: BUDGECON
Amendment 457 #

2018/0229(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point a – introductory part
(a) the EU compartment shall consist of two investment windows, the EIB window and the address any of the following situations NPBI window, and shall address any of the following situations:
2018/11/07
Committee: BUDGECON
Amendment 477 #

2018/0229(COD)

Proposal for a regulation
Annex III – point 1 – introductory part
1. Volume of InvestEU financing (broken down by policy windowthe points and subpoints of the eligible areas for financing and investment operations as laid down in Annex II)
2018/09/14
Committee: ITRE
Amendment 478 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 1 a (new)
1a. Member States may contribute to the Member State compartment in the form of guarantees or cash. The amount to be contributed to the Member State compartment shall not exceed [X %] of the total endowment of the compartment. Those contributions may only be called for payments of guarantee calls after the funding under the first subparagraph of Article 4(1).
2018/11/07
Committee: BUDGECON
Amendment 479 #

2018/0229(COD)

Proposal for a regulation
Annex III – point 2 – introductory part
2. Geographical coverage of InvestEU financing (broken down by policy windowthe points and subpoints of the eligible areas for financing and investment operations as laid down in Annex II)
2018/09/14
Committee: ITRE
Amendment 481 #

2018/0229(COD)

Proposal for a regulation
Article 9 – paragraph 2 – subparagraph 2
The Member State and the Commission shall conclude the contribution agreement or an amendment to it within four months following the Commission Decision adopting the Partnership Agreement or the CAP plan or simultaneously to the Commission Decision amending a programme or a CAP plan.deleted
2018/11/07
Committee: BUDGECON
Amendment 493 #

2018/0229(COD)

Proposal for a regulation
Annex III – point 5 – point 5.2 a (new)
5.2a Number of projects that before got support through the Horizon Europe and/or the Digital programme.
2018/09/14
Committee: ITRE
Amendment 497 #

2018/0229(COD)

Proposal for a regulation
Article 10 – paragraph 1
1. The EU guarantee shall be granted to the implementing partners in accordance with [Article 219(1)] of the [Financial Regulation] and managed in accordance with [Title X] of the [Financial Regulation]. The EU guarantee shall be irrevocable, unconditional and provided on first demand to eligible counterparts for the financing and investment operations covered by this Regulation and its pricing shall be exclusively linked to the characteristics and risk profile of the underlying operations, taking into due account the nature of the underlying operations and the achievement of the policy objectives targeted, including the possible application of specific derogative terms and incentives as needed, in particular: (a) in situations where stressed financial market conditions would prevent the realisation of a viable project; (b) where necessary to facilitate the establishment of investment platforms or the funding of projects in sectors or areas experiencing a significant market failure and/or suboptimal investment situation; (c) where necessary to address the social infrastructure gap; (d) where a Member State is experiencing a large asymmetric shock.
2018/11/07
Committee: BUDGECON
Amendment 502 #

2018/0229(COD)

Proposal for a regulation
Article 10 – paragraph 1 a (new)
1a. In order to ensure programme consistency, the EU guarantee should be managed in partnership between the European Commission and the EIB Group and should provide for: (a) a robust mechanism for its prompt utilisation; (b) a duration consistent with the final maturity of the last receivable from the final beneficiary; (c) an adequate risk and guarantee portfolio monitoring; (d) a reliable mechanism for the estimation of expected cash-flows in case it is availed of; (e) adequate documentation regarding risk management decisions; (f) adequate flexibility regarding the way the guarantee is used, allowing implementing partners to benefit directly from the guarantee when/if needed, in particular in the absence of an additional guarantee scheme; (g) the fulfilment of all the additional requirements requested by the relevant regulatory supervisor, if any, for being considered as an effective full risk mitigation.
2018/11/07
Committee: BUDGECON
Amendment 515 #

2018/0229(COD)

Proposal for a regulation
Article 10 – paragraph 2
2. Support of the EU guarantee may be granted for financing and investment operations covered by this Regulation for an investment period ending on 31 December 2027. Guarantee agreements between the EIB and implementing partners, where applicable, shall be approved by 31 December 2027. Contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in Article 13(1)(a) shall be signapproved by 31 December 2028. For avoidance of doubt, such dates shall not apply for operations conducted between financial intermediaries and final recipients. Where an implementing partner calls on the EU guarantee in accordance with a guarantee agreement or the InvestEU Agreement, the Union shall pay on demand in accordance with the terms of that agreement.
2018/11/07
Committee: BUDGECON
Amendment 519 #

2018/0229(COD)

Proposal for a regulation
Article 10 a (new)
Article 10a The EU guarantee under the EU compartment shall be allocated to implementing partners. At least 75% of the EU guarantee under the EU compartment shall be allocated to the EIB Group. Amounts exceeding 75% of the EU guarantee may be made available to the EIB Group in the event that national promotional banks or institutions cannot fully use the remaining share of the guarantee. In addition to having the possibility to benefiting from dedicated EIB Group products developed for them under EFSI, national promotional banks or institutions may fully benefit from the EU guarantee also in case they decide to access to it through the EIB or the European Investment Fund.
2018/11/07
Committee: BUDGECON
Amendment 520 #

2018/0229(COD)

Proposal for a regulation
Article 10 b (new)
Article 10b 1. Under the InvestEU Fund, the EIB shall indirectly manage the EU guarantee and provide implementing partners access to the support of the EU guarantee in accordance with this Regulation, as further specified in the EU compartment agreement and the MS compartment agreement. 2. Under the EU compartment of the InvestEU Fund, the EIB shall: (i) manage the EIB window and implement through the EIB Group financing and/or investment operations thereunder. In so doing, EIB Group shall apply the rules, policies and procedures of the applicable EIB Group entity as amended, restated, supplemented or substituted from time to time; (ii) under the NPBI window, pass on the coverage of the EU guarantee by signing guarantee agreements directly, or indirectly through the EIF, with implementing partners selected in accordance with Article 12 of this Regulation and provide all strategic banking competences required by the Commission in the form of the banking services as described in paragraph 4 below. In so doing, EIB Group shall rely on the rules, policies and procedures of the relevant implementing partner that is carrying out the financing and/or investment operations under the NPBI window. 3. Under the MS compartment of the InvestEU Fund, the EIB shall pass on the coverage of the EU guarantee by signing guarantee agreements with implementing partners selected in accordance with Article 12 of this Regulation and provide all strategic banking competences required by the Commission in the form of the banking services as described in paragraph 4 below. In so doing, EIB shall rely on the rules, policies and procedures of the relevant implementing partner that is carrying out the financing and/or investment operations under the MS compartment. 4. Under the NPBI window of the EU compartment and under the MS compartment, the EIB’s role in managing the InvestEU Fund shall, by way of derogation to the Financial Regulation, be limited to providing access to the EU guarantee and to the following banking services to the Commission as further described in the EU compartment Agreement and the MS compartment agreement: (i) aligning the portfolio risk analysis/reporting from the implementing partners with a common risk policy framework applicable to the EU guarantee; (ii) Assessment of comparability of pricings and revenue modelling for the InvestEU portfolio; (iii) Promote measures to achieve comparability of investment impact modelling, including multiplier, towards the attainment of InvestEU investment mobilised objectives; (iv) Aggregation of risk reports received from the implementing partners; (v) Monitoring and aggregation of rating migration information received; vi. Aggregation of investment impact reporting; (vi) Asset management [of the portion] of the common provisioning fund established pursuant to Article 212 of the Financial Regulation [relating to the InvestEU Fund]; viii. Guarantee call management; 5. Further, the EIB shall implement the InvestEU Advisory Hub in accordance with this Regulation, as further specified in the InvestEU Advisory Hub Agreement. 6. Fees may be charged for the tasks described in this Article 10a and may be deducted from the repayments or revenues attributable to the EU guarantee. The management costs and fees for the InvestEU Advisory Hub may be charged in accordance with Article 20 (4) of this Regulation.
2018/11/07
Committee: BUDGECON
Amendment 534 #

2018/0229(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 2
For the EU compartment, the eligible counterparts shall have expressed their interest and shall be able to cover financing and investment operations in at least threone or more Member States. The implementing partners may also cover together financing and investment operations in at least three Member States by forming a group.one or more Member States by forming a group. The implementing partners, whose contractual responsibility is limited by their respective national mandates, may also address market failures or suboptimal investment situations with respective, locally adapted, comparable instruments. Where the deployment of the Member State compartment is to target policy actions already addressed by the EU Compartment through similar financing and investment operations, the Member State compartment and the EU compartment shall have the same implementing partners
2018/11/07
Committee: BUDGECON
Amendment 563 #

2018/0229(COD)

Proposal for a regulation
Article 16 – paragraph 1
1. The remuneration for risk-taking shall be allocatgreed between the Union and an implementing partner in proportion to their respective share in the risk-taking offor a portfolio of financing and investment operations or, where relevant, of individual operations and shall be exclusively related to the characteristics and risk profile of the underlying operations. The implementing partner shall have an appropriate exposure at its own risk to the aggregate of financing and investment operations supported by the EU guarantee, unless exceptionally the policy objectives targeted by the financial product to be implemented are of such nature that the implementing partner could not reasonably contribute its own risk-bearing capacity to it.
2018/11/07
Committee: BUDGECON
Amendment 566 #

2018/0229(COD)

Proposal for a regulation
Article 16 – paragraph 1 a (new)
1a. The EU guarantee under the EU compartment of the InvestEU Fund shall not, at any time, exceed EUR 38 000 000 000 and the aggregate net payments from the general budget of the Union under this part of the EU guarantee shall not exceed EUR 38 000 000 000. The EU guarantee shall provide credit protection to financing and/or investment operations or portfolios thereof in the manner that enables EIB Group to optimise its implementation of the InvestEU Programme. The EU guarantee shall be eligible to provide first loss guarantees and/or mezzanine guarantees on a portfolio basis, full guarantees or other types of guarantee.
2018/11/07
Committee: BUDGECON
Amendment 567 #

2018/0229(COD)

Proposal for a regulation
Article 16 – paragraph 1 b (new)
1b. Without prejudice to paragraph 1, the EU guarantee shall provide for a guarantee in respect of the EIB window of at least [EUR 28500 000 000]. In respect of the EIB window, the EIB shall determine the forms of guarantee the EU guarantee can take and the amounts thereof, in a manner that strives to achieve the objectives in Article 12(2).
2018/11/07
Committee: BUDGECON
Amendment 568 #

2018/0229(COD)

Proposal for a regulation
Article 16 – paragraph 1 c (new)
1c. Without prejudice to paragraph 1, the EU guarantee shall provide for a full guarantee in respect of the NPBI window up to a limit of EUR 9 500 000 000, provided that amounts of funding or guarantees deemed satisfactory according to the guidance provided by the Steering Board pursuant to Article 18a(4)(d) are contributed to such financing and investment operations by the relevant implementing partners under the NPBI window without coverage by the EU guarantee or a guarantee by the EIB.
2018/11/07
Committee: BUDGECON
Amendment 571 #

2018/0229(COD)

Proposal for a regulation
Article 16 a (new)
Article 16a The EIB Group aggregate contribution of own resources to the EU compartment of the InvestEU Fund shall amount to [EUR 7 125 000 000]. This contribution shall be provided in a manner and form that facilitates the implementation of the InvestEU Fund by EIB Group and the achievement of the objectives in Article12(2) and shall be deemed to satisfy Article 219 (4) of the Financial Regulation in relation to the entirety of the EU compartment.
2018/11/07
Committee: BUDGECON
Amendment 578 #

2018/0229(COD)

Proposal for a regulation
Article 17 – paragraph 1 a (new)
1a. The Commission in cooperation with the EIB Group shall supplement this Regulation by establishing a risk assessment methodology. Such risk assessment methodology shall include: (a) a risk rating classification, to ensure consistent and standard treatment of all operations independent from the intermediary institution; (b) a methodology to assess the value at risk and the probability of default based on clear statistical methods, including environmental, social and governance (ESG) criteria; (c) a method to assess exposure at default and loss given default, taking into account the value of financing, the project risk, the repayment terms, the collateral, and other relevant indicators.
2018/11/07
Committee: BUDGECON
Amendment 662 #

2018/0229(COD)

Proposal for a regulation
Article 19 – paragraph 3 – subparagraph 3 a (new)
A secretariat shall be provided by the EIB to support the InvestEU Investment Committee, the management of which shall be agreed in accordance with Article 19(2) of this Regulation.
2018/11/07
Committee: BUDGECON
Amendment 684 #

2018/0229(COD)

Proposal for a regulation
Article 20 – paragraph 1 – subparagraph 1 a (new)
The InvestEU Advisory Hub shall be managed by the by the European Investment Bank on behalf of and in close cooperation with the Commission, in cooperation with the EIB Group.
2018/11/07
Committee: BUDGECON
Amendment 706 #

2018/0229(COD)

Proposal for a regulation
Article 20 – paragraph 6
6. The InvestEU Advisory Hub shall have local presence, where necessary. It shall be established in particular in Member States or regions that face difficulties in developing projects under the InvestEU Fund. The InvestEU Advisory Hub shall assist in the transfer of knowledge to the regional and local level with a view to building up regional and local capacity and expertise for support referred to in paragraph 1, and to implement and accommodate small projects. The Commission or the EIB as manager of the InvestEU Advisory Hub shall sign separate agreements with the Advisory Hub partners where appropriate to formalise their contribution to the implementation of the InvestEU Advisory Hub on the ground.
2018/11/07
Committee: BUDGECON
Amendment 83 #

2018/0227(COD)

Proposal for a regulation
Recital 7
(7) The European Council concluded in particular that the Union should urgently address emerging trends: this includes issues such as artificial intelligence and, distributed ledgers technologies (e.g. blockchain) and quantum research, while at the same time ensuring a high level of data protection, digital rights and ethical standards. The European Council invited the Commission to put forward a European approach to artificial intelligence by early 2018 and called on the Commission to put forward the necessary initiatives for strengthening the framework conditions with a view to enable the EU to explore new markets through risk-based radical innovations and to reaffirm the leading role of its industry.
2018/09/13
Committee: ITRE
Amendment 116 #

2018/0227(COD)

Proposal for a regulation
Recital 15
(15) To achieve maximum flexibility throughout the lifetime of the programme and, develop synergies between its components and with other Union programmes, each of the specific objectives may be implemented through all instruments available under the Financial Regulation. The delivery mechanisms to be used are direct management and indirect management when Union financing should be combined with other sources of financing or when execution requires the setup of commonly governed structures.
2018/09/13
Committee: ITRE
Amendment 172 #

2018/0227(COD)

Proposal for a regulation
Article 3 – paragraph 1 – introductory part
1. The Programme has the following general objective: to support the digital transformation with a bottom up approach of the European economy and society and bring its benefits to European citizens and businesses. The Programme will:
2018/09/13
Committee: ITRE
Amendment 451 #

2018/0225(COD)

Proposal for a decision
Article 5 – paragraph 1 a (new)
1 a. f. Missions will have their emphasis either on acceleration technological change (“accelerator missions”) or aim to transform entire systems (“transformator missions”). Transformator missions may contain a number of accelerator missions.
2018/09/12
Committee: ITRE
Amendment 599 #

2018/0225(COD)

Proposal for a decision
Annex I – paragraph 11
'FET Flagships' supported under Horizon 2020 will continue to be supported under this Programme. As they present substantial analogies with missions, other 'FET flagships', if any, willmay be supported under this Framework Programme as missions geared towards future and emerging technologies.
2018/09/12
Committee: ITRE
Amendment 1238 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 2
Breakthrough technologies to achieve significant reductions in greenhouse gases and pollutants, often combined with the technologies for circular industry above but also to the technologies of energy supply, energy systems, energy grids and energy storage, will lead to strong industrial value chains, revolutionise manufacturing capacities and improve the global competitiveness of industry; and at the same time make key contributions to our targets for climate action and environmental quality.
2018/09/12
Committee: ITRE
Amendment 1242 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 3 – indent 1
– Process technologies, including heating and cooling, digital tools andprocess agents (like hydrogen) and digital tools, especially in the form of large-scale demonstrations for process performance and efficiency; substantial reductions or avoidance of industrial emissions of greenhouse gases and pollutants, including particulate matter;
2018/09/12
Committee: ITRE
Amendment 1251 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 3 – indent 2
– Industrial CO2arbon (CO2, CO, …) valorisation;
2018/09/12
Committee: ITRE
Amendment 1260 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 3 – indent 3
– Electrification and use of unconventional or renewables based energy sources within industrial plants, and energy and resource exchanges between industrial plants (for instance via industrial symbiosis);
2018/09/12
Committee: ITRE
Amendment 1268 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 3 a (new)
– Activities under this area of intervention may be implemented through public private partnerships under Article 187 TFEU
2018/09/12
Committee: ITRE
Amendment 1360 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – paragraph 2 – indent 1
– Renewable energy technologies and solutions for power generation, hydrogen production, heating and cooling, sustainable transport fuels and intermediate carriers, at various scales and development stages, adapted to geographic conditions and markets, both within the EU and worldwide;
2018/09/12
Committee: ITRE
Amendment 1368 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – paragraph 2 – indent 2
– Disruptive renewable energy technologies for new and highly enhanced applications and breakthrough solutions;
2018/09/12
Committee: ITRE
Amendment 1378 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – paragraph 2 – indent 3
– Technologies and solutions to reduce greenhouse gas emissions from fossil fuel-based power generation via CO2 capture, utilisation and storage (CCUS) as well as solutions that can support storing of excess wind and solar electricity in the form of gas (power to gas).
2018/09/12
Committee: ITRE
Amendment 1395 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.3 – paragraph 1
The expected growth of variable electricity production and shift towards more decentralised production, electric heating, cooling, hydrogen production and transport dictates the need for new approaches to manage energy grids. Next to decarbonisation, the goal is to ensure energy affordability, security and stability of supply, achieved through investments in innovative network infrastructure technologies and innovative system management. Energy storage in different forms will play a key role in providing services to the grid, also improving and reinforcing network capacities. Exploiting synergies between different networks (e.g. electricity grids, heating and cooling networks, gas networks, transport recharging and refuelling infrastructure, hydrogen, and telecom networks) and actors (e.g. industrial and agricultural sites, data centres, self- producers) will be crucial for enabling the smart, integrated operation of the relevant infrastructures.
2018/09/12
Committee: ITRE
Amendment 1401 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.3 – paragraph 2 – indent 1
– Technologies and tools for electricity networks to integrate renewables and new loads such as electro-mobility, industrial and consumer hydrogen use and heat pumps;
2018/09/12
Committee: ITRE
Amendment 1477 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.7 – paragraph 2 – indent 1
ElectrificDecarbonisation of all transport modes (e.g. batteries, fuel cells, hybridisation, etc.) including new technologies for vehicle/vessel/aircraft powertrains, fast charging/refuelling, energy harvesting and user-friendly and accessible interfaces with the charging infrastructure, ensuring interoperability and seamless services provision; development and deployment of competitive, safe, high- performing and sustainable batteries for low and zero-emission vehicles;
2018/09/12
Committee: ITRE
Amendment 1506 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.9 – paragraph 2 – indent 3
Low zero-carbon hydrogen includingStorage and related infrastructure of low carbon hydrogen and other substances and materials enabling the storage of energy, including but not limited to the technology for fuel cells, and the EU value chain from design to end use across various applications.
2018/09/12
Committee: ITRE
Amendment 299 #

2018/0224(COD)

Proposal for a regulation
Recital 1
(1) It is the Union's objective to strengthen its scientific and technological bases and encourage its competitiveness, including in its industry, while promoting all research and innovation activities to deliver on the Union's strategic priorities, which ultimately aim at promoting peacetackling global societal challenges, promoting peace and a sustainable development, the Union's values and the well-being of its peoples.
2018/09/11
Committee: ITRE
Amendment 320 #

2018/0224(COD)

Proposal for a regulation
Recital 5
(5) Open science, including open access to scientific publications and research data, has the potential to increase the quality, impact and benefits of science and to accelerate the advancement of knowledge by making it more reliable, more efficient and accurate, better understandable by society and responsive to societal challenges. Provisions should be laid down to ensure that beneficiaries provide open access to peer-reviewed scientific publications, research data and other research outputs in an open and non- discriminatory manner, free of charge and as early as possible in the dissemination process, and to enable their widest possible use and re-use. As far as research data is concerned, the principle should be “as open as possible, as closed as necessary”, therefore recognising the need for different access regimes because of the Union’s economic interest, Intellectual Property Rights, personal data protection and confidentiality, security concerns and other legitimate interests. More emphasis should in particular be given to the responsible management of research data, which should comply with the FAIR principles of ‘Findability’, ‘Accessibility’, ‘Interoperability’ and ‘Reusability’, notably through the mainstreaming of Data Management Plans. Where appropriate, beneficiaries should make use of the possibilities offered by the European Open Science Cloud and adhere to further open science principles and practices.
2018/09/11
Committee: ITRE
Amendment 340 #

2018/0224(COD)

Proposal for a regulation
Recital 8
(8) The Programme should maintain a balanced approach between bottom-up (investigator or innovator driven) and top- down (determined by strategically defined priorities) funding, according to the nature of the research and innovation communities that are engaged, the types and purpose of the activities carried out and the impacts that are sought. The mix of these factors should determine the choice of approach for the respective parts of the Programme, all of which contribute to all of the Programme’s general and specific objectives. Across the programme, a more open and bottom-up based approach should be taken to stimulate innovative ideas and approaches to solve global challenges and promote innovation.
2018/09/11
Committee: ITRE
Amendment 390 #

2018/0224(COD)

Proposal for a regulation
Recital 15
(15) The Programme should seek alignment of rules and synergies with other Union programmes, from their design and strategic planning, to project selection, management, communication, dissemination and exploitation of results, to monitoring, auditing and governance. With a view to avoiding overlaps and duplication and increasing the leverage of Union funding, transfers from other Union programmes to Horizon Europe activities can take place. In such cases they will follow Horizon Europe rules.
2018/09/11
Committee: ITRE
Amendment 670 #

2018/0224(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point 1 – point c a (new)
(ca) future emerging technologies.
2018/09/11
Committee: ITRE
Amendment 714 #

2018/0224(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point 3 – point c a (new)
(ca) innovation for SMEs;
2018/09/11
Committee: ITRE
Amendment 795 #

2018/0224(COD)

Proposal for a regulation
Article 7 – paragraph 1
1. Missions shall be programmed within the pillar 'Global Challenges and Industrial Competitiveness', but may also benefit from actions carried out within other parts of the Programme but also other external instruments and initiatives outside of Horizon Europe.
2018/09/11
Committee: ITRE
Amendment 845 #

2018/0224(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point f a (new)
(fa) an element of urgency with respect to the mission objectives;
2018/09/11
Committee: ITRE
Amendment 846 #

2018/0224(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point f b (new)
(fb) have the necessary scale, scope and wide mobilization of the resources required.
2018/09/11
Committee: ITRE
Amendment 867 #

2018/0224(COD)

Proposal for a regulation
Article 7 – paragraph 3 a (new)
3a. Missions may be applied and designed as an instrument to manage synergies with other programmes.
2018/09/11
Committee: ITRE
Amendment 1034 #

2018/0224(COD)

Proposal for a regulation
Article 9 – paragraph 2 – point c – point 2
(2) EUR 3 004 560 000 000 for the European Institute of Innovation and Technology (EIT);
2018/09/11
Committee: ITRE
Amendment 1085 #

2018/0224(COD)

Proposal for a regulation
Article 9 – paragraph 9
9. Horizon Europe is designed to be implemented in synergy with other Union funding programmes. A non-exhaustive list of synergies with other Union funding programmes is included in Annex IV. The Commission may entrust, subject to a cost-benefit analysis, part of the implementation of these programmes to the bodies implementing initiatives under Article 187 TFEU.
2018/09/11
Committee: ITRE
Amendment 1100 #

2018/0224(COD)

Proposal for a regulation
Article 10 – paragraph 1 a (new)
1a. Open access to research data shall be ensured in line with the principle 'as open as possible, as closed as necessary' and recognising the need for different access regimes because of the Union’s economic interest, Intellectual Property Rights, personal data protection and confidentiality, security concerns and other legitimate interests. The possibility for robust opt-out shall be disclosed after the proposal ranking. Data management plans during the duration of the project shall be considered as eligible costs.
2018/09/11
Committee: ITRE
Amendment 1363 #

2018/0224(COD)

Proposal for a regulation
Article 35 – paragraph 4 – subparagraph 2
The work programme may provide for additional obligationincentives to use the European Open Science Cloud for storing and giving access to research data.
2018/09/11
Committee: ITRE
Amendment 1514 #

2018/0224(COD)

Proposal for a regulation
Annex I – point 1 – paragraph 1 – point c a (new)
(ca) (d) Future Emerging Technologies: Supporting the early-stages of the science and technology research and innovation around new ideas towards radically new future technologies Areas of intervention: bottom-up selection process widely open to any research ideas shall build up a diverse portfolio of targeted projects, nurturing emerging themes and communities with the potential to generate a critical mass of inter-related projects that build a European pool of knowledge, consolidating FET-funded projects by means of turning the results into genuine societal or economic innovations.
2018/09/12
Committee: ITRE
Amendment 1662 #

2018/0224(COD)

Proposal for a regulation
Annex III – paragraph 1 – point 1 – point a – paragraph 1
In the case of institutionalised European Partnerships established in accordance with Article 185 TFEU, the participation of at least 50% of the EU Member States, which are affected by this partnership or have stakes with regard to the objectives of this partnership, is mandatory;
2018/09/12
Committee: ITRE
Amendment 1675 #

2018/0224(COD)

Proposal for a regulation
Annex III – paragraph 1 – point 1 – point e – paragraph 1
In the case of institutionalised European Partnerships, the financial and/or in-kind, contributions from partners other than the Union, will at least be equal to 50% and may reach up to 75% of the aggregated European Partnership budgetary commitments. For each institutionalised European Partnership, a share of the contributions from partners other than the Union will be in the form of financial contributions.
2018/09/12
Committee: ITRE
Amendment 1686 #

2018/0224(COD)

Proposal for a regulation
Annex III – paragraph 1 – point 2 – point d
(d) Legally binding commitments, in particular for in-kind and/or financial contributions, from each partner throughout the lifetime of the initiative;
2018/09/12
Committee: ITRE
Amendment 1691 #

2018/0224(COD)

Proposal for a regulation
Annex III – paragraph 1 – point 3 – point b
(b) Dedicated reporting on quantitative and qualitative leverage effects, including on financial and/or in-kind contributions, visibility and positioning in the international context, impact on research and innovation related risks of private sector investments.
2018/09/12
Committee: ITRE
Amendment 1742 #

2018/0224(COD)

Proposal for a regulation
Annex IV a (new)
17. Synergies with any Important Projects of Common European Interest (IPCEI) will ensure that: (a) Arrangements for complimentary funding from IPCEI can be used for value chains of "strategic importance for Europe" to support activities on climate protection under the cluster “digital and industry” as well as the cluster “climate, energy and mobility”. (b) IPCEI may, subject to fulfilment of its selection and award criteria, support the demonstration phase of eligible projects that may have received the support from the Framework Programmes for research and innovation, as well as related infrastructural requirements.
2018/09/12
Committee: ITRE
Amendment 1767 #
2018/09/12
Committee: ITRE
Amendment 238 #

2018/0178(COD)

Proposal for a regulation
Recital 33
(33) In order to specify the requirements set out in this Regulation, and particularly to establish and update granular and calibrated technical screening criteria for different economic activities as to what constitutes a substantial contribution and significant harm to the environmental objectives, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of the information required to comply with the disclosure obligation set out in Article 4 (3), and the technical screening criteria mentioned in Article 6(2), Article 7(2), Article 8(2), Article 9(2), Article 10(2) and Article 11(2). It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, tThe European Parliament and the Council should receive all documents at the same time as Member States’ experts, and the experts of the European Parliament and the Council should systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
2018/12/17
Committee: ECONENVI
Amendment 280 #

2018/0178(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b a (new)
(b a) 'credit institutions' as defined in point (1) of Article 4 (1) of Regulation (EU) No 575/2013 which provides investment or credit risk-management processes with the exception of non- complex institutions defined under [PO insert reference to relevant Article] of Regulation (EU) No 575/2013];
2018/12/17
Committee: ECONENVI
Amendment 365 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 2 a (new)
2 a. The financial market participant offering financial products as environmentally sustainable, or as investments having similar characteristics, is not responsible for the incorrect assessment of the environmental sustainability of an investment, if the assessment has been made in accordance with the criteria disclosed. The financial market participant has no obligation to verify the information published by the companies about their economic activities, but are permitted to use this information for the assessment of the environmental sustainability of the investment.
2018/12/17
Committee: ECONENVI
Amendment 376 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 3 – point b
(b) the share of the investment funding environmentally sustainable economic activities as a percentage of all economic activities.deleted
2018/12/17
Committee: ECONENVI
Amendment 485 #

2018/0178(COD)

Proposal for a regulation
Article 11 – paragraph 1 – introductory part
1. For the purposes of this Regulation, an economic activity, e.g. of cooperatives, shall be considered to contribute substantially to healthy ecosystems where that activity contributes substantially to protecting, conserving and enhancing biodiversity and ecosystem services in line with the relevant legislative and non-legislative Union instruments, through any of the following means:
2018/12/17
Committee: ECONENVI
Amendment 608 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 3
3. The Platform on Sustainable Finance shall follow the principle or rotation and shall be chaired by the Commission.
2018/12/17
Committee: ECONENVI
Amendment 614 #

2018/0178(COD)

Proposal for a regulation
Article 16 – paragraph 2
2. The power to adopt delegated acts referred to in Articles 4(3), 6(2), 7(2), 8(2), 9(2), 10(2) and 11(2) shall be conferred on the Commission for an indeterminate period from [Date of entry into force of this Regulation].
2018/12/17
Committee: ECONENVI
Amendment 13 #

2018/0172(COD)

Proposal for a directive
Recital 1 a (new)
(1 a) Economic prosperity of the Union is inextricable from the long-term environmental sustainability. Increasing sustainability of economic models of Member States can bring new opportunities for innovation, competitiveness and job creation.
2018/09/07
Committee: ITRE
Amendment 14 #

2018/0172(COD)

Proposal for a directive
Recital 1 b (new)
(1 b) Challenges linked with the treatment of the plastic waste can be turned into an opportunity for the European industry to become a global leader in providing solutions for the transition towards a circular economy.
2018/09/07
Committee: ITRE
Amendment 15 #

2018/0172(COD)

Proposal for a directive
Recital 1 c (new)
(1 c) The reduction of single-used- products depends on the regional conditions of each Member State. Further Member States and economic sectors differ from each other and so a bottum up approach would be the best solution to reduce single-used-products.
2018/09/07
Committee: ITRE
Amendment 21 #

2018/0172(COD)

Proposal for a directive
Recital 3
(3) Marine litter is of a transboundary nature and is recognized as a global problem. Reducing marine litter is a key action for the achievement of United Nations Sustainable Development Goal 14 which calls to conserve and sustainably use the oceans, seas and marine resources for sustainable development.36 The Union must play its part in tackling marine litter and aim to be a standard setter for the world. In this context, the Union is working withshould seek commitments from partners in manyat international foralevel such as G20, G7 and United Nations to promote concerted action. This initiative is part of the Union efforts in this regardto reduce waste for a sustainable economy. _________________ 36 The 2030 Agenda for Sustainable Development adopted by the United Nations General Assembly on 25 September 2015.
2018/09/07
Committee: ITRE
Amendment 58 #

2018/0172(COD)

Proposal for a directive
Recital 14
(14) Certain single-use plastic products end up in the environment as a result of inappropriate disposal through sewers or other inappropriate release into the environment. Therefore, single-use plastic products that are frequently disposed of through sewers otherwise inappropriately disposed of should be subject to marking requirements. The marking should inform consumers about appropriate waste disposal options and/or waste disposal options to be avoided and/or about the negative environmental impacts of litter as a result of inappropriate disposal. The Commission should be empowered to establish a harmonised format for the marking and when doing so should, where appropriate, test the perception of the proposed marking with representative groups of consumers to ensure that it is effective and clearly understandin cooperation with the Member States should take account of sectorial voluntary agreements adopted for clear labelling rules in order to inform consumers, for example via a logo, whether or not the product is recyclable.
2018/09/07
Committee: ITRE
Amendment 62 #

2018/0172(COD)

Proposal for a directive
Recital 16
(16) The large portion of plastic stemming from abandoned, lost and discarded fishing gear containing plastic in marine litter indicates that the existing legal requirements46 do not provide sufficient incentives to return such fishing gear to shore for collection and treatment. The indirect fee system envisaged under Union law on port reception facilities for the delivery of waste from ships takes away the incentive for ships to discharge their waste at sea, and ensures a right of delivery. That system should, however, be supplemented by further financial incentives for fishermen to bring their fishing gear waste on shore to avoid any potential increase in the indirect waste fee to be paid. As plastic components of fishing gear have a high recycling potential, Member States should, in line with the polluter pays principle, introduce extended producer responsibility for fishing gear containing plastic to facilitate separate collection of waste fishing gear and to finance sound waste management of such fishing gear, in particular recycling. _________________ 46therefore, be abolished and Member States should come up with a reasonable and incentive strategie to promote the recycling of fishing gear and to finance sound waste management of such fishing gear. _________________ 46 Council Regulation (EC) No 1224/2009, Council Regulation (EC) No 1224/2009, Directive 2000/59/EC and Directive 2008/98/EC.
2018/09/07
Committee: ITRE
Amendment 63 #

2018/0172(COD)

Proposal for a directive
Recital 18
(18) In order to prevent littering and other inappropriate forms of disposal resulting in marine litter containing plastic, consumers need to be properly informed about the most appropriate waste disposal options available and/or waste disposal options to be avoided, best practices with regard to waste disposal and the environmental impact of bad disposal practices as well as about the plastic content in certain single-use plastic products and fishing gear. Therefore, Member States should be required to take awareness raising measures ensuring that such information is given to the consumers. The information should not contain any promotional content encouraging the use of the single-use plastic products. Member States should be able to choose the measures which are most appropriate based on the regional conditions, the nature of the product or its use. Producers of single-use plastic products and fishing gear containing plastic should cover the costsbe part of the of the awareness raising measures as part of their extended producer responsibility obligationcorporate social responsibility. The costs of the awareness raising measures should be discussed between the Goverment of the Member State and the responsible sector.
2018/09/07
Committee: ITRE
Amendment 77 #

2018/0172(COD)

Proposal for a directive
Recital 24
(24) In order to ensure uniform conditions for thThe Commission should be iemplementation of this Directive, implementing powers should be conferred on the Commissionowered to adopt a delegated act in respect of the methodology for the calculation of the annual consumption of the single-use plastic products for which consumption reduction objectives have been set, the specifications for the marking to be affixed on certain single-use plastic products and. In order to ensure uniform conditions for the implementation of this Directive, implementing powers should be conferred on the Commission in respect of the format of the information to be provided by Member States and compiled by the European Environment Agency on the implementation of this Directive. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council49 . _________________ 49 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).
2018/09/07
Committee: ITRE
Amendment 82 #

2018/0172(COD)

Proposal for a directive
Article 1 – paragraph 1
The objective of this Directive is tofor the Union to play its part in solving the global problem of marine litter due to plastic, by preventing and reduceing the impact of certain plastic products on the environment, in particular the aquatic environment, and on human health as well as toby promoteing the transition to a circular economy with innovative business models, products and materials, thus also contributing to the efficient functioning of the internal marketsustainable economic model.
2018/09/07
Committee: ITRE
Amendment 118 #

2018/0172(COD)

Proposal for a directive
Article 4 – paragraph 2
2. The Commission may adopt an implementingis empowered to adopt a delegated act laying down the methodology for the calculation and verification of the significant reduction in the consumption of the single-use plastic products referred to in paragraph 1. That implementing act shall be adopted in accordance with the examination procedure referred to in Article 16(2).
2018/09/07
Committee: ITRE
Amendment 127 #

2018/0172(COD)

Proposal for a directive
Article 5
Restrictions on placing on the market Member States shall prohibit the placing on market of the single-use plastic products listed in Part B of the Annex.Article 5 deleted
2018/09/07
Committee: ITRE
Amendment 173 #

2018/0172(COD)

Proposal for a directive
Article 9 – paragraph 1 – point a
(a) establish deposit-refund schemes, or automated collection systems, or
2018/09/07
Committee: ITRE
Amendment 175 #

2018/0172(COD)

Proposal for a directive
Article 9 – paragraph 1 – point b
(b) establish separate collection targets for relevant extended producer responsibility schemes., or
2018/09/07
Committee: ITRE
Amendment 178 #

2018/0172(COD)

Proposal for a directive
Article 9 – paragraph 1 – point b a (new)
(b a) (c) by any other measure that they find appropriate.
2018/09/07
Committee: ITRE
Amendment 186 #

2018/0172(COD)

Proposal for a directive
Article 11 – title
Coordination of measures among Member States
2018/09/07
Committee: ITRE
Amendment 187 #

2018/0172(COD)

Proposal for a directive
Article 11 a (new)
Article 11 a Coordination of measures at international level The Commission in cooperation with Member States shall seek to coordinate measures reducing the impact of certain plastic products on environment and supporting transition to sustainable economic models at international level.
2018/09/07
Committee: ITRE
Amendment 195 #

2018/0172(COD)

Proposal for a directive
Article 15 – paragraph 3 – point a
(a) whether the Annex listing single- use plastic products needs to be reviewed;
2018/09/07
Committee: ITRE
Amendment 196 #

2018/0172(COD)

Proposal for a directive
Article 15 – paragraph 3 – point b
(b) it is feasible to establish binding quantitative Union targets for the consumption reduction of, in particular, single-use plastic products listed in Part A of the Annex;deleted
2018/09/07
Committee: ITRE
Amendment 208 #

2018/0172(COD)

Proposal for a directive
Annex I – part A – subheading 1 a (new)
— Plates — Straws, except for straws intended and used for medical purposes
2018/09/07
Committee: ITRE
Amendment 222 #

2018/0172(COD)

Proposal for a directive
Annex I – part B
B Single-use plastic products covered by Article 5 on the restriction on placing on the market — Cotton bud sticks, except for swabs intended and used for medical purposes — Cutlery (forks, knives, spoons, chopsticks) — Plates — Straws, except for straws intended and used for medical purposes — Beverage stirrers — Sticks to be attached to and to support balloons, except balloons for industrial or other professional uses and applications that are not distributed to consumers, including the mechanisms of such sticksdeleted
2018/09/07
Committee: ITRE
Amendment 115 #

2018/0111(COD)

Proposal for a directive
Recital 28
(28) In order to get access to the data opened for re-use by this Directive, the use of suitable and well-designed Application Programming Interfaces (APIs) is needed. An API describes the kind of data can be retrieved, how to do this and the format in which the data will be received. It has different levels of complexity and can mean a simple link to a database to retrieve specific datasets, a web interface, or more complex set-ups. There is general value in re-using and sharing data via a suitable use of APIs as this will help developers and start-ups to create new services and products. It is also a crucial ingredient of creating valuable ecosystems around data assets that are often unused. The set-up and use of API needs to be based on several principles: stability, maintenance over lifecycle, uniformity of use and standards, user-friendliness as well as security. For dynamic data, meaning frequently updated data, often in real time, public sector bodies and public undertakings shall make this available for re-use immediately after collection by ways of suitable APIs.
2018/10/12
Committee: ITRE
Amendment 142 #

2018/0111(COD)

Proposal for a directive
Recital 58
(58) In order to set in place conditions supporting the re-use of documents which is associated with important socio- economic benefits having a particular high value for economy and society, the power to adopt implementing acts in accordance with Article 2901 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of the adoption of a list of high-value datasets among the documents to which this Directive applies, along with the modalities of their publication and re-use. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.
2018/10/12
Committee: ITRE
Amendment 145 #

2018/0111(COD)

Proposal for a directive
Recital 59
(59) An EU-wide list of datasets with a particular potential to generate socio- economic benefits together with harmonised re-use conditions constitutes an important enabler of cross-border data applications and services. InFor the process leading to the establishment of the list, the Commission shoulurpose of adopting delegated acts, the Commission shall conduct appropriate public consultations. All interested parties, including competent bodies holding public sector information, users and re-users, applicants for the use and re-use and representative organisations, shall have the possibility to submit proposals for additional data-sets to the Commission. The Commission takes these into account, or provides the interested cparrty out appropriate consultations, including at expert level. The list should take into accountconcerned with reasons for rejecting the suggestion. In the course of preparation co- determination rights as well as the financial and personal resources to effectively make use of those rights are granted to the European social partners. The list should take into account the protection of critical infrastructures as well as sectoral legislation that already regulates the publication of datasets, as well as the categories indicated in the Technical Annex of the G8 Open Data Charter and in the Commission's Notice 2014 /C 240/01.
2018/10/12
Committee: ITRE
Amendment 182 #

2018/0111(COD)

Proposal for a directive
Article 1 – paragraph 2 a (new)
2a. Critical infrastructures defined by the Member States;
2018/10/12
Committee: ITRE
Amendment 302 #

2018/0111(COD)

Proposal for a directive
Article 13 – paragraph 6
6. The measures referred to in this Article shall be adopted by the Commission by means of a delegatedn implementing act in accordance with Article 2901 of the TFEU and subject to the procedure laid down in Article 14.
2018/10/12
Committee: ITRE
Amendment 309 #

2018/0111(COD)

Proposal for a directive
Article 14
1. is conferred on the Commission subject to the conditions laid down in this Article. 2. referred to in Article 13 shall be conferred on the Commission for a period of five years from [date of entry into force of the Directive]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period. 3. to in Article 13 may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force. 4. the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Interinstitutional Agreement of 13 April 2016 on Better Law-Making. 5. act, the Commission shall notify it simultaneously to the European Parliament and to the Council. 6. to Article 13 shall enter into force only if no objection has been expressed either by the European Parliament or the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by two months at the initiative of the European Parliament or of the Council.Article 14 deleted Exercise of the delegation The power to adopt delegated acts The power to adopt delegated acts The delegation of power referred Before adopting a delegated act, As soon as it adopts a delegated A delegated act adopted pursuant
2018/10/12
Committee: ITRE
Amendment 310 #

2018/0111(COD)

Proposal for a directive
Article 14 – title
14 Exercise of the delegation1.The power to adopt implementing acts is conferred on the Commission subject to the conditions laid down in this Article.2. When adopting implementing acts, the examination procedure as laid down in Article 5 of the Regulation (EU) No. 182/2011 applies and the Commission is supported by a Committee in accordance with this Regulation. 3. If the Committee cannot take a decision as laid down in Article 5 of the Regulation (EU) No. 182/2011, the Commission may not adopt the implementing act.
2018/10/12
Committee: ITRE
Amendment 28 #

2018/0076(COD)

Proposal for a regulation
Recital 5
(5) Currency conversion charges represent a significant cost of cross-border payments when different currencies are in use in the payer’s and the payee’s countries. Article 45 of Directive (EU) 2015/2366 of the European Parliament and of the Council12 requires transparency of charges and of the exchange rate used prior to the initiation of a payment transaction. When alternative currency conversion options services are offered at a point of sale (POS) or at an automated teller machine (ATM) prior to initiation of a payment transaction, that transparency may not allow for a quick and clear comparison by the consumer between those different the currency conversion options service offered at the POS or ATM and the currency conversion provided by the card issuer after completion of the transaction. That lack of transparency prevents competition from bringing down costs of currency conversion and increases the risk of payers payment service users choosing expensive currency conversion options. Article 59 of Directive (EU) 2015/2366 already provides for general requirements regarding the information disclosed by the currency conversion service provider, but further specification is needed in order to fully serve the objectives of that Regulation. It is therefore necessary to develop measures to addressed to payment service providers that will improve transparencyprovide further clarity and that will improve transparency of currency conversion costs to the consumer and protect consumers against excessive charges for currency conversion services, in particular when consumers are not given the information by the payment service providers they need to choose the best currency conversion option. _________________ 12 Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (OJ L 337, 23.12.2015, p. 35).
2018/09/18
Committee: ECON
Amendment 44 #

2018/0076(COD)

Proposal for a regulation
Recital 7
(7) Considering the technical level of the measures required for transparency in currency conversion charges, the Commission should be empowered to adopt regulatory technical standards developed by the European Banking Authority with regard to the level of transparency required and the comparability of currency conversion services. The Commission should adopt those draft regulatory technical standards by means of delegated acts pursuant to Article 290 Treaty on the Functioning of the European Union and in accordance with Articles 10 to 14 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council13 . _________________ 13 Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).deleted
2018/09/18
Committee: ECON
Amendment 54 #

2018/0076(COD)

Proposal for a regulation
Recital 7 a (new)
(7a) The Commission should submit to the European Parliament, the Council, the European Economic and Social Committee and the European Central Bank a report on the application and impact of this Regulation. This report should include a thorough analysis of the proportionality of costs for payment service providers compared to the actual benefits for payment service users if this Regulation were to be extended to all cross-border transactions in currencies of Member States of the European Union.
2018/09/18
Committee: ECON
Amendment 80 #

2018/0076(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation EC No 924/2009
Article 3 a – paragraph 1
1. From [OP please insert date 36 months after the entry into force of this Regulation], payment service providers shall inform payment service users of the full cost of currency conversion services, and where applicable, those ofthe alternative optional currency conversion to the consumer of currency conversion services offered by such payment service provider, and where applicable, provide notice to the consumer about alternative currency conversion services prior tooffered by the card issuer after the initiation of a payment transaction and prior to the execution of that payment transaction, in order that payment service users can comparare adequately informed about the alternative currency conversion options and theirits corresponding costs, without preselection of one of the options being made by the payment service provider. To that effect, payment service providers shall disclose the exchange rate applied, the publicly available foreign exchange reference rate used and the total amount of all charges applicable to the conversion of the payment transaction. Payment service providers shall present information about both currency conversion options in a clear and neutral manner to payment service users.
2018/09/18
Committee: ECON
Amendment 91 #

2018/0076(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EC) No 924/2009
Article 3 a – paragraph 2 – subparagraph 2
The draft regulatory technical standards referred to in the first subparagraph shall also set the maximum amount of all charges allowed for the currency conversion services that can be applied to a payment transaction during the transitional period referred to in Article 3b. Those standards shall take into account the amount of the payment transaction and the fluctuation in exchange rates between currencies of Union Member States, while securing and maintaining fair competition among all payment service providers The regulatory technical standards shall specify the measures to be applied in order to prevent payment service users being charged more than this maximum amount during that period.deleted
2018/09/18
Committee: ECON
Amendment 116 #

2018/0076(COD)

Proposal for a regulation
Article 2 – paragraph 2
Regulation EC No 924/2009
Article 2
It shall apply from 1 January 2019[12 months after entry into force of this Regulation].
2018/09/18
Committee: ECON
Amendment 254 #

2018/0063(COD)

Proposal for a directive
Recital 32
(32) As part of the Council's Action Plan, credit institutions' data infrastructure would be strengthened by having uniform and standardised data for non-performing credit agreements. The European Banking Authority has developed data templates that provide information about credit exposures in the banking book and allow potential buyers to evaluate the value of the credit agreements and carry out their due diligence. Applying such templates to credit agreements would reduce information asymmetries between potential buyers and sellers of credit agreements and, thus, contribute to the development of a functioning secondary market in the Union. The EBA should therefore develop the data templates into implementing technical standards andguidelines that credit institutions shcould use those standards in order to facilitate the valuation of credit agreements for sale.
2019/03/16
Committee: ECON
Amendment 388 #

2018/0063(COD)

Proposal for a directive
Article 14 – paragraph 1
1. EBA shall develop draft implementing technical standardguidelines that specify the formats tohat may be used by creditors who are credit institutions for the provision of information as set out in Article 13(1), in order to provide detailed information on their credit exposures in the banking book to credit purchasers for the screening, financial due diligence and valuation of the credit agreement.
2019/03/16
Committee: ECON
Amendment 180 #

2018/0043(COD)

Proposal for a directive
Article 11 – paragraph 1 – introductory part
1. Member States shall ensure investor protection by allowingthat derivative contracts tocan be included in the cover pool only where. They shall also ensure that, when derivatives are part of the cover pool, at least the following requirements are met:
2018/09/26
Committee: ECON
Amendment 252 #

2018/0043(COD)

Proposal for a directive
Article 16 – paragraph 3 – subparagraph 1 – point a
(a) assets qualifying as level 1, level 2A and level 2B assets pursuant to Articles 10, 11 and 12 of Delegated Regulation (EU) 2015/61, valuated in accordance with Article 9 of that Delegated Regulation and segregated in accordance with Article 132 of this Directive;
2018/09/26
Committee: ECON
Amendment 254 #

2018/0043(COD)

Proposal for a directive
Article 16 – paragraph 3 – subparagraph 1 – point b
(b) exposures in the form of cash deposits to credit institutions that qualify for the credit quality step 1, in accordance with Article 129(1)(c) of Regulation (EU) No 575/2013credit quality step 2 and credit quality step 3 to the extent that, in the relevant jurisdiction, they are segregated.
2018/09/26
Committee: ECON
Amendment 80 #

2018/0041(COD)

Proposal for a directive
Recital 11
(11) For pre-marketing to be recognised as such under this Directive 2011/61/EU, it should concern an investment idea or strategy without having an actual AIF already established. Accordingly, during the course of pre-marketing, investors are unable to subscribe to the units or shares of an AIF because the fund does not exist yet, and no offering documents, even in a draft form, should be permitted to be distributed to potential investors during this stage. However, when followof an AIF or a compartment of an AIF, which is not yet notified in the Member State where the potential investors are domiciled or have their registered office. In order to prevent AIFMs from invoking reverse solicitation through pre-marketing activities, within 18 months of being contacted as part of pre-marketing, investors should be able to acquire units or shares in the AIF or compartment of the AIF referred to ing the pre-marketing activities the AIFM offers for subscription units or shares of an AIF with the features akin to the pre-marketed investment idea, the appropriate marketing notification procedure should be observed and the AIFM should not be able to invoke reverse solicitationinformation provided in the context of pre-marketing or of an AIF or compartment of an AIF established as a result of the pre-marketing only under marketing permitted under Article 31 or 32 of Directive 2011/61/EU.
2018/10/24
Committee: ECON
Amendment 97 #

2018/0041(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 7
Directive 2009/65/EC
Article 93a – paragraph 1 – subparagraph 1 – introductory part
1. The competent authorities of the UCITS home Member State shall ensure that UCITS may discontinue marketing its units in a Member State where it has notified its activities in accordance with Article 93, where all the following conditions are fulfilled:.
2018/10/24
Committee: ECON
Amendment 99 #

2018/0041(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 7
Directive 2009/65/EC
Article 93a – paragraph 1 – subparagraph 1 – point a
(a) no investor which is domiciled or has a registered office in a Member State where the UCITS has notified its activities in accordance with Article 93 holds units of that UCITS, or no more than 10 investors which are domiciled or have a registered office in that Member State hold units of the UCITS representing less than 1 % of assets under management of that UCITS;deleted
2018/10/24
Committee: ECON
Amendment 110 #

2018/0041(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 7
Directive 2009/65/EC
Article 93a – paragraph 4
4. TAs long as investors remain invested in the UCITS after marketing is discontinued: (a) the UCITS shall continue providing investors who remain invested in the UCITS, with the information required under Articles 68 to 82 and under Article 94; (b) the competent authorities of the home Member State of the UCITS shall continue providing the competent authorities of the Member State where the marketing has been discontinued with the information required to be provided to the competent authorities of the UCITS host Member State under Article 93; (c) the competent authorities of the Member State where the marketing has been discontinued shall continue exercising the rights and obligations conferred on competent authorities of the UCITS host Member State under Articles 97 and 108 of this Directive, but without levying fees or charges for carrying out these activities on the UCITS which is not yet or is no longer notified for distribution.
2018/10/24
Committee: ECON
Amendment 119 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 1
Directive 2011/61/EU
Article 4 – paragraph 1 – point aea
(aea) ‘‘pre-marketing’ means a direct or indirect cross-border provision of information on investment strategies or investment ideas by an AIFM or on its behalf to professional investors domiciled or registered in the Union in order to test their interest in an AIF which is not yet established.
2018/10/24
Committee: ECON
Amendment 122 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 2
Directive 2011/61/EU
Article 30a – paragraph 1 – point a
(a) relates to an established AIF;deleted
2018/10/24
Committee: ECON
Amendment 128 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 2
Directive 2011/61/EU
Article 30a – paragraph 1 – point b
(b) contains reference to an established AIF;deleted
2018/10/24
Committee: ECON
Amendment 131 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 2
Directive 2011/61/EU
Article 30a – paragraph 1 – point d
(d) amounts to a prospectus, constitutional documents of a not-yet- established AIF, offering documents, subscription forms or similar documents whether in a draft or a final form allowing investors to take an final investment decision.
2018/10/24
Committee: ECON
Amendment 139 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 2
Directive 2011/61/EU
Article 30a – paraghraph 3
3. Subscription by professional investors to units or shares of an AIF established following theAIFMs shall ensure that investors, within 18 months of being contacted as part of pre-marketing in accordance with paragraph 1 or to the units or shares of AIFs managed or marketed by the EU AIFM that had engaged in pre-marketing of a not-yet- established AIF with the similar features shall be considered the, may acquire units or shares in the AIF or compartment of the AIF referred to in the information provided in the context of pre-marketing or of an AIF or compartment of an AIF notified in the Member State where the potential investors are domiciled or have their registered office as a result of the pre-marketing only under marketing permitted under Article 31 or 32.
2018/10/24
Committee: ECON
Amendment 149 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 5
Directive 2011/61/EU
Article 32a – paragraph 1 – introductory part
1. Member States shall ensure that an EU AIFM may discontinue marketing units or shares of an EU AIF that it manages in the Member State where a notification of its marketing activities has been transmitted in accordance with Article 32, where all of the following conditions are fulfilled:.
2018/10/24
Committee: ECON
Amendment 151 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 5
Directive 2011/61/EU
Article 32a – paragraph 1 – point a
(a) no investor, which is domiciled or has a registered office in the Member State, where a notification of its marketing activities has been transmitted in accordance with Article 32, holds units or shares of that AIF or no more than 10 investors, which are domiciled or have a registered office in that Member State, hold units or shares of the AIF representing less than 1 % of assets under management of that AIF;deleted
2018/10/24
Committee: ECON
Amendment 156 #

2018/0041(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 5
Directive 2011/61/EU
Article 32a – paragraph 4
4. TAs long as investors remain invested in the EU AIF after marketing is discontinued: (a) the AIFM shall continue providing investors who remain invested in the EU AIF with the information required under Articles 22 and 23; (b) the competent authorities of the home Member State of the AIFM shall continue to provide the competent authorities of the Member State where the marketing has been discontinued with the information required to be provided to the competent authorities of the host Member State of the AIFM under Article 32; (c) the competent authorities of the Member State where the marketing has been discontinued shall continue exercising the rights and obligations conferred on competent authorities of the host Member State of the AIFM under Article 45 of this Directive, but without levying fees or charges to the AIF which is not yet or no longer notified for distribution for carrying out these activities.
2018/10/24
Committee: ECON
Amendment 19 #

2018/0003(NLE)

Proposal for a regulation
Recital 10 a (new)
(10a) Since there is a serious funding gap in the field of High Performance Computing in comparison with other entities in the world and since the applications of High Performance Computing in the fields of, inter alia, medicine, climate research and industry, this could potentially cause the Union to fall behind on the field of innovation, which is an important motor for its economic success, it is of the utmost strategic and economic importance that this issue is addressed.
2018/05/03
Committee: ITRE
Amendment 22 #

2018/0003(NLE)

Proposal for a regulation
Recital 10 b (new)
(10b) Since there are serious defence and security risks aligned to the dependency of the Union on foreign High Performance Computing technology, it is in the interest of the security of the Union that investments are made in the development of a European High Performance Computing infrastructure, functioning independently.
2018/05/03
Committee: ITRE
Amendment 62 #

2018/0003(NLE)

Proposal for a regulation
Recital 41 a (new)
(41a) Since High Performance Computing is an intensive and energy- consuming activity due to, inter alia, the cooling process, the hosting entity should be able to rely as much as possible on renewable energy for its functioning, this aspect should be taken into account in the selection process of the Joint Undertaking.
2018/05/03
Committee: ITRE
Amendment 67 #

2018/0003(NLE)

Proposal for a regulation
Article 2 – paragraph 1 – point 11
(11) ‘Private Members’ means the private associations and businesses that are members of the Joint Undertaking.
2018/05/03
Committee: ITRE
Amendment 81 #

2018/0003(NLE)

Proposal for a regulation
Article 3 – paragraph 2 – point f
(f) to bridge the gap between research and development and the delivery of exascale High Performance Computing systems reinforcing the digital technology supply chain in the Union, closing the technology gap vis-à-vis international competitors and enabling the acquisition by the Joint Undertaking of leadership- class supercomputers;
2018/05/03
Committee: ITRE
Amendment 87 #

2018/0003(NLE)

Proposal for a regulation
Article 3 – paragraph 2 – point k a (new)
(ka) to improve and secure the technological and scientific autonomy of the Union and its Member States.
2018/05/03
Committee: ITRE
Amendment 88 #

2018/0003(NLE)

Proposal for a regulation
Article 4 – paragraph 1 – point a
(a) EUR 386 000 000 from the Horizon 2020 Programme, including up to EUR 105 000 000 for administrative costs;
2018/05/03
Committee: ITRE
Amendment 89 #

2018/0003(NLE)

Proposal for a regulation
Article 5 – paragraph 1
(1) The Participating States shall make a contribution to the operational and administrative costs of the Joint Undertaking for at least EUR 486 000 000, including EUR 105 000 000 for administrative costs.
2018/05/03
Committee: ITRE
Amendment 96 #

2018/0003(NLE)

Proposal for a regulation
Article 6 – paragraph 3 – point g a (new)
(ga) the percentage of renewable energy consumed in the region where the hosting facility is located;
2018/05/03
Committee: ITRE
Amendment 2 #

2017/2258(INI)

Draft opinion
Paragraph 1
1. Regrets that the quantity and lack of flexibility and coherence of EU funding in Heading 4 of the current MFF have been indicative of the EU’s limited ambition to act as a global player, in particular with a view to the provision of global public goodinvestments, humanitarian aid and development cooperation; recalls the need for long-term programming and predictability, which is of particular importance for development aid and large investments such as in infrastructure and renewables;
2018/02/20
Committee: BUDG
Amendment 6 #

2017/2258(INI)

Draft opinion
Paragraph 2
2. Recalls that the European Development Fund (EDF), the Development Cooperation Instrument (DCI) and the Humanitarian Aid Instrument are characterised by positive budget execution and are key to demonstrating international solidaritycooperation and investment, while contributing to the credibility of the EU on the global stage; considers that, irrespective of possible structural changes or mergers with regard to these instruments, including the possible budgetisation of the EDF, the overall appropriations for the next MFF should be increased, while the official development assistance (ODA) criteria should not be diluted;
2018/02/20
Committee: BUDG
Amendment 13 #

2017/2258(INI)

Draft opinion
Paragraph 3
3. Recalls the importance of these instruments for the provision of global public goods such asmitigation of climate change, conflict prevention, investments, particularly in infrastructure and renewables, stability and the Sustainable Development Goals;
2018/02/20
Committee: BUDG
Amendment 20 #

2017/2258(INI)

Draft opinion
Paragraph 4
4. Considers that the objectives of development policy are distinct from and may not be conflated with or subordinatyet closely tied to general foreign policy orand migration management;
2018/02/20
Committee: BUDG
Amendment 24 #

2017/2258(INI)

Draft opinion
Paragraph 6
6. Regrets the insufficient progress made in terms of mainstreaming democracy, and human rights andsuch as gender equality; urges, furthermore, that the Paris climate agreement commitments be fully reflected in future instruments and programmes, accompanied by adequate monitoring.;
2018/02/20
Committee: BUDG
Amendment 150 #

2017/2253(INI)

Motion for a resolution
Paragraph 14
14. Is concerned that there is no consistent framework for ongoing supervision of an equivalent third country’s regime; considers that the European Supervisory Authorities (ESAs) should be equipped with the power to monitor regulatory developments in third countries and demands that Parliament should be kept informed of ongoing regulatory monitoring in third countries by means of annual report presented by the respective ESAs to Parliament;
2018/05/04
Committee: ECON
Amendment 157 #

2017/2253(INI)

Motion for a resolution
Paragraph 15
15. Calls on the Commission to adoptpropose a legislative act establishing a clear framework for a transparent, coherent and consistent application of equivalence procedures which introduces a standardised process for the determination of equivalence;
2018/05/04
Committee: ECON
Amendment 164 #

2017/2253(INI)

Motion for a resolution
Paragraph 16
16. Calls for equivalence decisions to be reviewed at least once every three yearscontinuously reviewed by the relevant ESA and for such reviews to be made public;
2018/05/04
Committee: ECON
Amendment 202 #

2017/2253(INI)

Motion for a resolution
Paragraph 20
20. Recalls the importance of National Competent Authorities (NCAs) in the authorisation process for financial institutions that wish to delegate part of their portfolio management or risk management to service providers in third countries where the regulatory regime is comparable to that of the EU; considers that NCAs have sufficient technical knowledge and expertise to properly assess delegation approval requests; encourages the ESAs to develop further cooperation between NCAs in order to share best practices concerning regulatory cooperation and activities with third countries, as well as challenges and problems experienced;
2018/05/04
Committee: ECON
Amendment 216 #

2017/2253(INI)

Motion for a resolution
Paragraph 22
22. Calls for active involvement constructive approach from the Commission, the Member States and ESAs in global standard-setting bodies in financial services; stresses the need for the consistent implementation of international standards in order to achieve better regulatory cooperation with other jurisdictions and to improve global financial stability;
2018/05/04
Committee: ECON
Amendment 39 #

2017/2226(INI)

Motion for a resolution
Recital D
D. whereas employment is expected to continue to expand, while some labour market indicators and the relatively high level of ‘involuntary’ part-time work, suggest persistent labour market difficulties aggravating inequalitiesthe unemployment rate is expected to further decline;
2018/01/17
Committee: ECON
Amendment 55 #

2017/2226(INI)

Motion for a resolution
Recital F
F. whereas tax base erosion, profit shifting, tax avoidance, tax evasion and aggressive tax planning have caused billions in losses of potential revenues for the public finances of several Member Statremain important issues, to the benefit of large corporationsbe tackled;
2018/01/17
Committee: ECON
Amendment 84 #

2017/2226(INI)

Motion for a resolution
Paragraph 2
2. Highlights, however, the persistent structural problem of insufficient growth of potential output and productivity, flanked by too low a level of investments and wages, leading to persistent social inequalities;
2018/01/17
Committee: ECON
Amendment 102 #

2017/2226(INI)

Motion for a resolution
Paragraph 3
3. Stresses the importance of a wage increase at European level in order to boost private consumption as the main support for growth; points out the need to focus on the interaction between monetary, fiscal and incomes (including wage and profit development) policies rather than only fiscal issues;deleted
2018/01/17
Committee: ECON
Amendment 128 #

2017/2226(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the improvements in public finances, in particular the gradually declining debt/GDP ratios for the EU and euro area and falling headline budget deficits; recalls that, while many some Member States have limited fiscal leeway for implementing sustainable, growth- friendly structural reforms, somstill have dangerously high debt levels; urges these Member Sstates still have large surpluses which should be used to sustain investments and growth across the EUto speed up structural reforms;
2018/01/17
Committee: ECON
Amendment 148 #

2017/2226(INI)

Motion for a resolution
Paragraph 5
5. Recalls the importance of public investment for boosting and leveraging investment in the EU; considers that the policy mix proposed in the AGS 2018 should be further developed to remedy the current decrease in public investment in the EU; highlights that this decrease also affects local and regional authorities, threatening their ability to deliver quality public servicesfoster further investment in the EU;
2018/01/17
Committee: ECON
Amendment 165 #

2017/2226(INI)

Motion for a resolution
Paragraph 6
6. Asks for a revision of the accounting standards (European System of National and Regional Accounts, ESA 2010) to ensure a depreciation of investments over a longer period, which would allow budgetary margins to recover and permit the realisation of infrastructure projects;deleted
2018/01/17
Committee: ECON
Amendment 210 #

2017/2226(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the fact that the AGS 2018 acknowledges the need for efficient and fair tax systems to ensure sustainable public finance and reverse the current fall in capital income taxation; supports the Commission’s initiatives to achieve increased transparency, a reformed VAT system and a common consolidated corporate tax basend further cooperation between member states in fiscal matters;
2018/01/17
Committee: ECON
Amendment 228 #

2017/2226(INI)

Motion for a resolution
Paragraph 10
10. Regrets that the overall neutral fiscal stance proposed in the recommendations for the euro area, even though the fiscal stance is expected to be slightly expansionary in a number of Member States in 2018, does not appear to fully support the strengthening of economic growth and job creation;deleted
2018/01/17
Committee: ECON
Amendment 243 #

2017/2226(INI)

Motion for a resolution
Paragraph 11
11. Insists on a common effort to bring euro area expenditure on R&D closer to the EU2020 targets; calls for propbetter policies and investment to ensure equal access toin higher education and training;
2018/01/17
Committee: ECON
Amendment 254 #

2017/2226(INI)

Motion for a resolution
Paragraph 12
12. Recalls that the role of thee competencies of Member States is to guaranteen facilitating access to quality education and training;
2018/01/17
Committee: ECON
Amendment 265 #

2017/2226(INI)

Motion for a resolution
Paragraph 13
13. Calls on the Commission and the Member States to adopt adequate measures to help refugees settle and integrate and to anticipate at an early stage the requirements for facilitating their smooth transition to the labour market, as well as ensuring that public services are provided with sufficient resources; stresses that social partners should play a key tackle the immigration proble in facilitating the integration of migrants and preventing them from suffering from labour abusem;
2018/01/17
Committee: ECON
Amendment 275 #

2017/2226(INI)

Motion for a resolution
Paragraph 14
14. Considers that the tools available are not yet equal to the task of fully addressie need to streng the EU’s cyclical and structural problems, in particular the need to strengthen inclusive growth and productivity, to boost job creation, promoten economic growth and productivity, to boost job creation, especially in countries with high unemployment, promote upwards convergence, support sustainable investments and enhance resilience to shocks;
2018/01/17
Committee: ECON
Amendment 287 #

2017/2226(INI)

Motion for a resolution
Paragraph 15
15. Underlines that a fiscal capacity – on top of existing capacities, and not through redeployments that would undermine the vital role currently played by structural funds and cohesion policy – represents a necessary tool for increasing incentives for convergence and to counter asymmetric or symmetric economic shocks;deleted
2018/01/17
Committee: ECON
Amendment 326 #

2017/2226(INI)

Motion for a resolution
Paragraph 17
17. Calls for the completionfurther development of the Banking Union, including a credible European deposit-insurance scheme and a common fiscal backstop;
2018/01/17
Committee: ECON
Amendment 337 #

2017/2226(INI)

Motion for a resolution
Paragraph 18
18. Highlights the importance of an improved European Semester process, including the formalisation of the euro area aggregate fiscal stance as a key tool for policy formulation and implementation across the EMU; calls for a broader reform of the Stability and Growth Pact (SGP) in order to improve its flexibility, to incorporate the differentiated treatment of investments and to introduce the concept of aggregate fiscal stance;deleted
2018/01/17
Committee: ECON
Amendment 360 #

2017/2226(INI)

Motion for a resolution
Paragraph 19
19. Underlines that any further step towards a deepening of the EMU must go hand in hand with stronger democratic controls; insists that, to this end, the role of the European Parliament and national parliaments must be strengthened; asks to include trade unions in the negotiation process at both national and European level; urges the launch of the long- awaited negotiation of an interinstitutional agreement (IIA) on the Semesterrevised;
2018/01/17
Committee: ECON
Amendment 4 #

2017/2216(INI)

Motion for a resolution
Recital D
D. whereas the diversity of legal and administrative systems in the Member States presents a challenging environment in whichneeds to be adequately addressed to overcome irregularities and combat fraud; whereas the Commission should therefore step up its efforts to ensure that the fight against fraud is implemented effectively and produces more tangible and more satisfactory results;
2018/02/01
Committee: CONT
Amendment 6 #

2017/2216(INI)

Motion for a resolution
Recital H
H. whereas the current VAT systems, in particular as applied to cross-border transactions, isare vulnerable to fraud and tax- avoidance strategies, in which Missing Trader Intra- Community (MTIC) fraud, commonly called carousel fraud, alone was responsible for VAT revenue losses of approximately EUR 50 billion in 2015;
2018/02/01
Committee: CONT
Amendment 19 #

2017/2216(INI)

Motion for a resolution
Paragraph 8
8. WelcomesTakes note of the decision of 20 Member States to proceed with the establishment of a European Public Prosecutor’s Office through enhanced cooperation and looks forward to fruitful cooperation between OLAF and the European Public Prosecutor’s Office; regrets however that not all EU Member States have been willing to participate in this initiative, and underlines the importance of maintaining equivalent fraud detection efficiency rates in all Member States;
2018/02/01
Committee: CONT
Amendment 26 #

2017/2216(INI)

Motion for a resolution
Paragraph 10
10. WelcomesTakes note of the adoption of short- term measures to tackle losses on VAT mentioned in the Commission’s Action Plan entitled ‘Towards a single EU VAT area’ published on 7 April 2016; looks forward with interest to the Commission’s proposals for a definitive VAT system as provided for in the action plan;
2018/02/01
Committee: CONT
Amendment 30 #

2017/2216(INI)

Motion for a resolution
Paragraph 12
12. Notes with concern that tobacco smuggling to the EU has intensified in recent years and, according to estimates, represents an annual loss of EUR 10 billion in public revenue to the EU and Member States’ budgets, while at the same time it is a major source of organised crime, including terrorism; stresses that China is the primary originating country (80%) for counterfeit goods, followed by Hong Kong, United Arab Emirates, Turkey and India;
2018/02/01
Committee: CONT
Amendment 9 #

2017/2191(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the Report on Competition Policy 2016 of 31 May 2017 (COM(2017)0285), which can help restore a sufficient level of investment and innovation by creating a fair competitive environment; points out, moreover, that the future of Europe should be based on innovation; notes that, as a rule, the European Parliament is only involved in competition law through the consultation procedure and its influence therefore remains very limited compared to that of the Commission;
2017/11/28
Committee: ECON
Amendment 12 #

2017/2191(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Stresses that Parliament should also be given co-decision powers in competition policy and regrets that this area of Union policy in its democratic dimension has not been strengthened in recent treaty changes; calls, therefore, for the treaties to be amended accordingly and for the ordinary legislative procedure under the Lisbon Treaty to be introduced for competition law as well;
2017/11/28
Committee: ECON
Amendment 32 #

2017/2191(INI)

Motion for a resolution
Paragraph 5
5. Calls on the Commission to monitor the implementation of directives linked to the completion of the single market, particularly in the energy sector, the digital single market, and transport sector, and to enhancimprove the enforcement of EU competition rules in order to avoid unevenchieve a consistent application thereof in the Member States;
2017/11/28
Committee: ECON
Amendment 46 #

2017/2191(INI)

Motion for a resolution
Paragraph 6
6. Calls on the Commission to reallocate adequateWelcomes the efforts of DG Competition to continue building a sustainable and balanced workforce throughout 2016; welcomes the fact 2016 saw an improvement on the main human resource management issues facing the DG; welcomes the fact that staff turnover, which had been identified as a major point of concern, fell to its lowest level since measurement began (from 13.9% in 2015 to 10.8% in 2016); Calls on the Commission to continue optimizing financial and human resources to its Directorate-General for Competition in order to cope with this DG’s increasing workload; recalls that DG Competition has assessed the cost-effectiveness and reached a positive conclusion;
2017/11/28
Committee: ECON
Amendment 51 #

2017/2191(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Welcomes the advances made by DG Competition in the field of equal opportunities, including 36% of female representation in middle management;
2017/11/28
Committee: ECON
Amendment 52 #

2017/2191(INI)

Motion for a resolution
Paragraph 6 b (new)
6b. Calls on DG COMP to finalize the review of its financial circuits, in order to further improve the efficiency of its financial operations, in 2017 and present its findings before the competent committee in the European Parliament;
2017/11/28
Committee: ECON
Amendment 54 #

2017/2191(INI)

Motion for a resolution
Paragraph 7
7. Takes note that EU rules do not establish target time frames for antitrust investigations as is the case for formal merger review deadlines and the common practice of many national competition authorities; notes that this implies that decisions are sometimes made too late, after competitors have been obliged to exit the marketnot made within due time;
2017/11/28
Committee: ECON
Amendment 60 #

2017/2191(INI)

Motion for a resolution
Paragraph 8
8. Calls on the Commission to adopt guidelines to loptimitse the duration of antitrust investigations, in order to avoid uncertainty or excessive burden for businesses and shape a competitive landscape which is not detrimental to consumers;
2017/11/28
Committee: ECON
Amendment 74 #

2017/2191(INI)

Motion for a resolution
Paragraph 11
11. Takes note that most of the decisions concerning antitrust issues and State aid are taken at national level, and believes that the Commission should guarantee the global consistency and independence of competition policy measures within the internal market, with the support of the European Competition Network (ECN); without disregarding the competences of the National Competition Authorities (NCA);
2017/11/28
Committee: ECON
Amendment 106 #

2017/2191(INI)

Motion for a resolution
Paragraph 14
14. Reiterates that all market players should pay their fair share of tax; welcomes the Commission’s in-depth investigations into anti-competitive practices such as selective tax advantages and excess profit ruling systems; stresses that the reduction of tax fraud and tax avoidance is fundamental in order to consolidate sound public budgetcan constitute anti-competitive practices;
2017/11/28
Committee: ECON
Amendment 113 #

2017/2191(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Stresses that excessive tax burdens and tax rates hamper economic innovations and can constitute significant barriers to entry for new and small players;
2017/11/28
Committee: ECON
Amendment 115 #

2017/2191(INI)

Motion for a resolution
Paragraph 14 b (new)
14b. Stresses that a comprehensive, transparent and effective exchange of tax information is essential to avoid aggressive tax planning; stresses at the same time that simplification of taxation systems at Member State level can be an essential step in order to create transparency and clarity;
2017/11/28
Committee: ECON
Amendment 122 #

2017/2191(INI)

Motion for a resolution
Paragraph 14 c (new)
14c. Invites the Commission to make full use of its competition law powers to help Member States effectively tackle harmful tax practices;
2017/11/28
Committee: ECON
Amendment 155 #

2017/2191(INI)

Motion for a resolution
Paragraph 17
17. Believes that the financial crisis has increased concentration in the banking sector and calls on the Commission to carry out a region-by-regioncountry-by-country study at European level to examine this phenomenon and its effects on competition;
2017/11/28
Committee: ECON
Amendment 173 #

2017/2191(INI)

Motion for a resolution
Paragraph 19
19. Calls on the Commission to ensure that Google implements this remedy effectively; believes that the greatest danger now would be if the Commission were to settle for a partially effective remedy, failing to truly restore the level playing field required for competition and innovation to thrive;
2017/11/28
Committee: ECON
Amendment 179 #

2017/2191(INI)

Motion for a resolution
Paragraph 20
20. Notes that, without full-blown structural separation between Google’s general and specialised search services, an auction-based approach cannot deliver equal treatment, since in the context of an auction, Google’s proposed functional separation would simply transfer profit from one Google business unit to another;deleted
2017/11/28
Committee: ECON
Amendment 188 #

2017/2191(INI)

Motion for a resolution
Paragraph 21
21. Calls on the Commission to intervene inlook into the other sectors, such as travel search and local search, where Google is allegedly abusing its dominance;
2017/11/28
Committee: ECON
Amendment 196 #

2017/2191(INI)

Motion for a resolution
Paragraph 23
23. Calls on the Commission to speed up and conclude the Android investigation by the spring of 2018; stresses that Google is accused of abusing its dominant position by imposing restrictions on Android device manufacturers and mobile network operators, and that Google Search is pre- installed and set as the default or the only search engine on most Android devices sold in Europe;
2017/11/28
Committee: ECON
Amendment 204 #

2017/2191(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Welcomes that in 2016, competition policy and enforcement actions continued to contribute to the implementation of the Digital Market Strategy; stresses that a single digital single market could create hundreds of thousands of new jobs and generate € 415 billion per year; notes at the same time that traditional market models of competition policy are often inadequate for the digital single market; calls, therefore, for greater attention to be paid to the new business models of digital companies and the adoption of new criteria for the assessment of digital companies; also calls for greater attention to be paid to the specific market structures in the digital economy;
2017/11/28
Committee: ECON
Amendment 209 #

2017/2191(INI)

Motion for a resolution
Paragraph 25
25. Welcomes the EUR 880 million fine imposed by the Commission on Scania for participating in a trucks cartel;deleted
2017/11/28
Committee: ECON
Amendment 241 #

2017/2191(INI)

Motion for a resolution
Paragraph 28
28. Stresses that, in line with the current Commission Guidelines, all airports financed by the EU budget should be based on a positive cost-benefit analysis to avoideliminate the financing of ghost airports in Europe; calls on the Commission to come up with a public list of such potential ghost airports;
2017/11/28
Committee: ECON
Amendment 252 #

2017/2191(INI)

Motion for a resolution
Paragraph 29
29. Calls on the Commission to open up competition in the transport sector in order to complete the single market, in particular in those Member States where public port and airport networks are managed and monopolised by thea central or regional government or where such networks persistently generate public deficits and operate at losses;
2017/11/28
Committee: ECON
Amendment 276 #

2017/2191(INI)

Motion for a resolution
Paragraph 32 a (new)
32a. Stresses that, according to the Special report No 24/2016 from the European Court of Auditors, Member States have in the past largely failed to comply with state aid rules; this is due to the fact that while the Commission has simplified state aid legislation to reduce administrative burdens and increase transparency, this has led to many mistakes being made by Member States in the design and implementation of aid schemes; calls on the Commission to support Member States’ audit authorities in terms of compliance and quality control with respect to state aid rules; recalls that DG Competition has three remaining open recommendations of which two are very important;
2017/11/28
Committee: ECON
Amendment 4 #

2017/2173(DEC)

Draft opinion
Paragraph 1
1. Acknowledges that, in the opinion of the Court of Auditors, the European Securities and Markets Authority’s transactions underlying the annual accounts for the year 2016 are legal and regular in all material aspects; welcomes that the Court's comments of 2011 and 2012 have finally been addressed;
2018/01/22
Committee: ECON
Amendment 5 #

2017/2173(DEC)

Motion for a resolution
Paragraph 3 a (new)
3 a. asks the Authority to keep volume to be carried over to the next year as low as possible;
2018/03/02
Committee: CONT
Amendment 8 #

2017/2173(DEC)

Draft opinion
Paragraph 2
2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council, and should not seek to de facto broaden its mandate beyond those assignments; emphasises, in this respect, that the Authority needs to pay particular attention to the principle of proportionality;
2018/01/22
Committee: ECON
Amendment 9 #

2017/2173(DEC)

Motion for a resolution
Paragraph 13 a (new)
13 a. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly, and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
2018/03/02
Committee: CONT
Amendment 12 #

2017/2173(DEC)

Motion for a resolution
Paragraph 16
16. Notes that in 2016 the Authority received six requests for access to documents pursuant to Regulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents12 to which the Authority granted a full access in four cases while in two cases the Authority decided to grant only partial access to the documents due to protection of privacy and the integrity of the individual and to protection of the purpose of inspections, investigations and audits; _________________ 12notes that this practice does not further transparency and that their declarations and CVs should therefore be published without delay; _________________ 12 OJ L 145, 31.5.2001, p. 43. OJ L 145, 31.5.2001, p. 43.
2018/03/02
Committee: CONT
Amendment 14 #

2017/2173(DEC)

Motion for a resolution
Paragraph 16 a (new)
16 a. asks the Authority to inform the discharge authority on ethics rules alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
2018/03/02
Committee: CONT
Amendment 16 #

2017/2173(DEC)

Draft opinion
Paragraph 3
3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; believes that the Authority’s budget still has rationalisation potential; stresses, therefore, that any potential increases in the Authority’s means should be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2018/01/22
Committee: ECON
Amendment 25 #

2017/2173(DEC)

Draft opinion
Paragraph 4
4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly., and should provide better insight into the discussions held, members’ positions and voting ehaviour; believes that outreach to the general public could also be enhanced by web streaming events;
2018/01/22
Committee: ECON
Amendment 4 #

2017/2172(DEC)

Motion for a resolution
Paragraph 4 a (new)
4a. Calls for the continued reduction as far as possible in the level of committed appropriations to be carried over to the following year by means of all available measures, for example by adopting best practices used in other agencies;
2018/03/02
Committee: CONT
Amendment 6 #

2017/2172(DEC)

Draft opinion
Paragraph 2
2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council and should not seek to de facto broaden its mandate beyond those assignments; emphasises, in this respect that the Authority needs to pay particular attention to the principle of proportionality;
2018/01/22
Committee: ECON
Amendment 8 #

2017/2172(DEC)

Motion for a resolution
Paragraph 18 a (new)
18 a. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly, and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
2018/03/02
Committee: CONT
Amendment 10 #

2017/2172(DEC)

Motion for a resolution
Paragraph 20 a (new)
22 a. Regrets that declarations of conflicts of interest of management board members and senior managers are outstanding; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2018/03/02
Committee: CONT
Amendment 11 #

2017/2172(DEC)

Motion for a resolution
Paragraph 21 a (new)
21 a. asks the Authority to inform the discharge authority on ethics rules alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
2018/03/02
Committee: CONT
Amendment 18 #

2017/2172(DEC)

Draft opinion
Paragraph 3
3. Takes note of the Authority’s efforts to reallocate internally the Authority’s budget and manpower, as the Authority’s workload is increasingly shifting from legislative tasks to supervisory convergence and enforcement; believes that the Authority's budget still has rationalisation potential; stresses, therefore, that any potential increases in the Authority's means should be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2018/01/22
Committee: ECON
Amendment 26 #

2017/2172(DEC)

Draft opinion
Paragraph 4
4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly., and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
2018/01/22
Committee: ECON
Amendment 4 #

2017/2171(DEC)

Motion for a resolution
Paragraph 3 a (new)
3 a. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; believes that any potential increases in EBA's means must be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2018/03/02
Committee: CONT
Amendment 5 #

2017/2171(DEC)

Motion for a resolution
Paragraph 7
7. Welcomes the fact that, of the 1164 invoices paid by the Authority in 2016, only 13 (0,9%) were paid late, and for the third year in a row the Authority paid zero late payment interest; encourages the Authority to step up its ongoing efforts in reducing late payment of invoices;
2018/03/02
Committee: CONT
Amendment 5 #

2017/2171(DEC)

Draft opinion
Paragraph 1 a (new)
1 a. Recalls that the Authority’s lease agreement, which ends on 8 December 2026, includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216;
2018/01/22
Committee: ECON
Amendment 8 #

2017/2171(DEC)

Draft opinion
Paragraph 2
2. Stresses that, while making sure that all assignments are carried out in full and within deadline, the Authority should carefully adhere to the tasks and the mandate assigned to it by the European Parliament and the Council, and must not seek to de facto broaden its mandate beyond those assignments;
2018/01/22
Committee: ECON
Amendment 11 #

2017/2171(DEC)

Motion for a resolution
Paragraph 15 a (new)
15 a. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly, and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
2018/03/02
Committee: CONT
Amendment 15 #

2017/2171(DEC)

Motion for a resolution
Paragraph 25 a (new)
25 a. Recalls that the Authority’s lease agreement, which ends on 8 December 2026, includes a break option after six years, triggering a penalty payment of 16 months’ rent equivalent to EUR 3 246 216;
2018/03/02
Committee: CONT
Amendment 22 #

2017/2171(DEC)

Draft opinion
Paragraph 3
3. Notes that, as the Authority’s workload is increasingly shifting from legislative tasks to enforcing and applying the Union law, the Authority’s budget and manpower should be reallocated internally; believes that any potential increases in the Authority's means must be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2018/01/22
Committee: ECON
Amendment 30 #

2017/2171(DEC)

Draft opinion
Paragraph 4
4. Considers that the minutes of meetings of the Board of Supervisors and of the Stakeholder Groups, which are publicly available, should be published more swiftly., and should provide better insight into the discussions held, members’ positions and voting behaviour; believes that outreach to the general public could also be enhanced by web streaming events;
2018/01/22
Committee: ECON
Amendment 4 #

2017/2170(DEC)

Motion for a resolution
Paragraph 3 a (new)
3 a. calls on the Institute to keep the volume to be carried over to the next year as low as possible;
2018/03/02
Committee: CONT
Amendment 9 #

2017/2170(DEC)

Motion for a resolution
Paragraph 11 a (new)
11 a. Asks the Institute to inform the discharge authority on alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
2018/03/02
Committee: CONT
Amendment 5 #

2017/2158(DEC)

Motion for a resolution
Paragraph 5 a (new)
5 a. Calls for the continued reduction as far as possible in the level of committed appropriations to be carried over to the following year by means of all available measures, for example by adopting best practices used in other agencies;
2018/03/02
Committee: CONT
Amendment 12 #

2017/2158(DEC)

Motion for a resolution
Paragraph 21 a (new)
21 a. Calls on the Agency to take immediate steps to examine possible conflicts of interest so as better to comply with transparency and accountability requirements;
2018/03/02
Committee: CONT
Amendment 7 #

2017/2156(DEC)

Motion for a resolution
Paragraph 10 a (new)
10 a. Deplores the fact that declarations of conflicts of interest of various management board members are pending or are not available to the public; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2018/03/02
Committee: CONT
Amendment 6 #

2017/2155(DEC)

Motion for a resolution
Paragraph 6 a (new)
6a. Asks the Court to keep the volume to be carried over to the next year as low as possible;
2018/03/02
Committee: CONT
Amendment 16 #

2017/2155(DEC)

Motion for a resolution
Paragraph 17
17. Notes that Eurojust maintains a register of declarations of absence of conflict of interest signed by management board members which is regularly updated but regrets these declarations of interests and the CVs management board are not publicly available; calls on Eurojust to report to the discharge authority on progress on this issue, including publication on its website; points out that this practice does nothing to further transparency, and calls for the declarations to be checked and updated;
2018/03/02
Committee: CONT
Amendment 4 #

2017/2151(DEC)

Motion for a resolution
Paragraph 3 a (new)
3a. Stresses, however, the need to reduce as far as possible the level of committed appropriations to be carried over to the following year, by means of all available measures, for example by adopting best practices used in other agencies;
2018/03/02
Committee: CONT
Amendment 6 #

2017/2148(DEC)

Motion for a resolution
Paragraph 5 a (new)
5 a. Asks the Foundation to keep the volume to be carried over to the next year as low as possible;
2018/03/02
Committee: CONT
Amendment 11 #

2017/2148(DEC)

Motion for a resolution
Paragraph 16 a (new)
16 a. calls on the Foundation to adopt an ethics code and to inform the discharging authority about alleged and confirmed conflicts of interests, how it has dealt with them, and how it will prevent them in the future;
2018/03/02
Committee: CONT
Amendment 2 #

2017/2146(DEC)

Proposal for a decision 1
Paragraph 1
1. Grants the Commission discharge in respect of the implementation of the budget of the eighth, ninth, tenth and eleventh European Development Funds for the financial year 2016 / Postpones its decision on granting the Commission discharge in respect of the implementation of the budget of the eighth, ninth, tenth and eleventh European Development Funds for the financial year 2016;.
2018/03/06
Committee: CONT
Amendment 4 #

2017/2146(DEC)

Proposal for a decision 2
Paragraph 1
B. whereas the European Development Funds (EDFs) are the Union’s main financial instrument for providing development cooperation aid to the ACP countries and OCTs;
2018/03/06
Committee: CONT
Amendment 86 #

2017/2124(INI)

Motion for a resolution
Paragraph 2
2. Gives a positive assessmentTakes note of the monetary policy pursued by the ECB in the period 2012- 2016 in terms of its contribution to economic recovery by preventing deflation, preserving favourable financing conditions and maintaining financial stability and the proper functioning of the payment system; takes note that the policies of the ECB did not lead to sustainable financial stability, nor did they spur highly indebted countries to lower their debt levels;
2017/09/18
Committee: ECON
Amendment 104 #

2017/2124(INI)

Motion for a resolution
Paragraph 3
3. Recalls that, according to Eurostat, average inflation was just 0.2 % in 2016, while inflation excluding energy prices stood at 0.9 %; underlines however the large variance in inflation rates across the Eurozone;
2017/09/18
Committee: ECON
Amendment 117 #

2017/2124(INI)

Motion for a resolution
Paragraph 4
4. Is concerned that the ECB will likely not reach its inflation target for at least six consecutive years and will remain below the medium-term target level of 2 % until at least 2020 despite pursuing a very accommodative monetary policy,; which indicatesd that the economy is not operating at full capacityECB's programs did not fulfill its objectives;
2017/09/18
Committee: ECON
Amendment 226 #

2017/2124(INI)

Motion for a resolution
Paragraph 13
13. Notes that according to the ECB, economic recovery in the Eurozone has relied on the fall in oil prices and the ECB’s monetary policy, which will add a cumulative 1.7 % to growth in the period 2016-2019, with no sizable positive contribution from fiscal policy so far; underlines that the fall in oil prices is a prime example of deflation, which has fostered economic growth;
2017/09/18
Committee: ECON
Amendment 240 #

2017/2124(INI)

Motion for a resolution
Paragraph 14
14. Considers that monetary policy alone is not sufficient to achieve a sustainable and more even and inclusive economic recovery, and that public and private investments should therefore be encouraged in the context of a moderately positive fiscal stance in the Eurozone as proposed by the Commission, as well as structural reforms in the Member States;
2017/09/18
Committee: ECON
Amendment 256 #

2017/2124(INI)

Motion for a resolution
Paragraph 15
15. Points out that while unemployment has decreased, aggregate demand in the euro area remains subdued, largely as a result of the rise in poor quality, temporary, low-paid jobs; calls on the ECB to evaluate how this phenomenon is slowing the recovery and explore ways to stimulate demand in spite of wage stagnationand its effect on economic recovery;
2017/09/18
Committee: ECON
Amendment 271 #

2017/2124(INI)

Motion for a resolution
Paragraph 16
16. Stresses that excessive current account surpluses in some Member States must be corrected through appropriate fiscal policies;deleted
2017/09/18
Committee: ECON
Amendment 304 #

2017/2124(INI)

Motion for a resolution
Paragraph 18
18. Acknowledges that monetary policy has effectively reduced the cost of credit and helped to improve access to finance for companies and households; considers, however, that the effect of this policy is limited owing to the lack of sufficient credit demand in the euro area; underlines with concern the risks of cheap debt- financing;
2017/09/18
Committee: ECON
Amendment 318 #

2017/2124(INI)

Motion for a resolution
Paragraph 20
20. Agrees with the ECB that a bank’s profitability depends for a large part on its business model, but also underlines the effect of low interest rates notwithstanding;
2017/09/18
Committee: ECON
Amendment 329 #

2017/2124(INI)

Motion for a resolution
Paragraph 21
21. Acknowledges that Notes withe current policy of low interest rates has a positive effect on the level of nonperforming loans (NPLs); calls for a European strategy involving a secondary market for NPLs in order to alleviate the burden of NPLs in some Member Stateoncern that the amount of nonperforming loans (NPLs) in some Member States remains high, and that the policies of the ECB had very little effect on this;
2017/09/18
Committee: ECON
Amendment 403 #

2017/2124(INI)

Motion for a resolution
Paragraph 27
27. Agrees that a well-functioning, diversified and integrated capital market would support the transmission of the single monetary policy; calls for the full completion and implementation of the capital markets union and the banking union;
2017/09/18
Committee: ECON
Amendment 411 #

2017/2124(INI)

Motion for a resolution
Paragraph 28
28. Welcomes the positive opinion of the ECB on the quick establishment of the European deposit insurance scheme (EDIS) as the third pillar of a fully- fledged banking union; stresses that the EDIS will further help to enhance and safeguard financial stability;deleted
2017/09/18
Committee: ECON
Amendment 428 #

2017/2124(INI)

Motion for a resolution
Paragraph 29
29. Underlines the urgent need to proceed towards establishing a truly European safe asset for the Eurozone’s banking union;deleted
2017/09/18
Committee: ECON
Amendment 449 #

2017/2124(INI)

Motion for a resolution
Paragraph 31
31. Agrees with the ECB on the importance of physical money as the only legal tender, and reminds all Eurozone countries that euro coins and banknotes and other robust stores of value must not be rejected in transactions;
2017/09/18
Committee: ECON
Amendment 452 #

2017/2124(INI)

Motion for a resolution
Paragraph 32
32. Takes note of the ongoing discussion about a ‘central bank digital currency’ or ‘digital base money’; encourages the Commission and the ECB to look into the potential of such schemes;deleted
2017/09/18
Committee: ECON
Amendment 492 #

2017/2124(INI)

Motion for a resolution
Paragraph 35
35. Believes that ECB profits from seigniorage revenue should be considered an EU budgetary resource, since they are directly linked to a fully developed, sui generis European policy;deleted
2017/09/18
Committee: ECON
Amendment 522 #

2017/2124(INI)

Motion for a resolution
Paragraph 36 a (new)
36 a. Calls for a full external audit of the ECB;
2017/09/18
Committee: ECON
Amendment 144 #

2017/2114(INI)

Motion for a resolution
Paragraph 7
7. Is of the opinion that legacies from the crisis such as a high level of indebtedness in all sectors of the economy still act as a drag on growth and pose potential risks; is deeply concerned in this regard that the persistently high level of non- performing loans in some Member States could have significant spill-over effects from one Member State to another, presenting a risk to financial stability in Europe; strongly disagrees that a European-wide bad bank for non- performing loans is a solution to this problem;
2017/07/10
Committee: ECON
Amendment 292 #

2017/2114(INI)

Motion for a resolution
Paragraph 16
16. WelcomesTakes note of the fact that deficits in the euro area are projected to decline; is concerned, however, that this process is slowing down and agrees that government debt remains too high in some Member States; regrets that low interest rates, while providing time to reduce the deficits, did not lead to a reduction of debt so far in those Member States;
2017/07/10
Committee: ECON
Amendment 309 #

2017/2114(INI)

Motion for a resolution
Paragraph 17
17. Warns that low interest rate payments, accommodative monetary policies, one-off measures and other factors alleviating the current debt burden are only temporary and that sound fiscal policies must be self-sustaining and take into account future liabilities; seriously questions whether the aforementioned measures fall within the scope of the mandate of the European Central Bank of maintaining price stability;
2017/07/10
Committee: ECON
Amendment 319 #

2017/2114(INI)

Motion for a resolution
Paragraph 18
18. Underlines that the fiscal stances at national and euro-area level must balance the long-term sustainability of public financese in full compliance with the Stability and Growth Pact with short-term macroeconomic stabilisation;
2017/07/10
Committee: ECON
Amendment 330 #

2017/2114(INI)

Motion for a resolution
Paragraph 19
19. Points out that the current aggregate fiscal stance for the euro is broadly neutral and presents an appropriate balance of debt sustainability requirements with support for investment;deleted
2017/07/10
Committee: ECON
Amendment 378 #

2017/2114(INI)

Motion for a resolution
Paragraph 23
23. Notes with concern that 12 Member States are experiencing macroeconomic imbalances of varying nature and severity, while excessive imbalances exist in six Member States;
2017/07/10
Committee: ECON
Amendment 6 #

2017/2084(INI)

Motion for a resolution
Recital A
A. whereas research, development and innovation constitute a distinct dimension of the EU’s Energy Union, with energy R&D&I a key driver of the EU’s industrial leadership, global competitiveness, sustainable growth and job creation, as well as of the EU’s overall energy security, by reducing dependence on energy imports;
2017/10/25
Committee: ITRE
Amendment 11 #

2017/2084(INI)

Motion for a resolution
Recital B
B. whereas the EU is still a global leader in high-value, low-emission energy innovation and emerging clean technologies;
2017/10/25
Committee: ITRE
Amendment 16 #

2017/2084(INI)

Motion for a resolution
Recital C
C. whereas a fully functioning internal energy market is essential for further stimulating R&D&I and maximising the market uptake of new technologies across all EU regions by providing economies of scale and regulatory and investment certainty, thereby enabling the EU to reap the full potential of energy innovation and fostering efficiency, a sustainable technology-neutral use of indigenous sources, and storage and transport solutions;
2017/10/25
Committee: ITRE
Amendment 64 #

2017/2084(INI)

Motion for a resolution
Paragraph 4
4. Notes that research, development and innovation in energy crucially depends on predictability and certainty, which require long-term policy vision, sustained targeted incentives and patient equity capital in order to attain the necessary critical mass for market deployment; welcomes the focus on key technologies, as confirmed in the Strategic Energy Technology Plan (SET-Plan) and Commission communication; stresses, however, the need for greater prioritisation of cross- cutting, systemic and cross-sector innovation in energy, as innovation is not only technology-driven;
2017/10/25
Committee: ITRE
Amendment 74 #

2017/2084(INI)

Motion for a resolution
Paragraph 6
6. Stresses the need for greater coherence between the relevant funds, including structural funds, dedicated to technology-neutral energy projects, and for the existing financing instruments at EU and Member State level to be made more comprehensible; calls on the Commission to provide mapping of different funding and financing instruments along the value chain and considers that the possibility of pooling the various instruments should be assessed;
2017/10/25
Committee: ITRE
Amendment 56 #

2017/2072(INI)

Motion for a resolution
Recital D
D. whereas the Banking Union remains incompdelete;d
2017/11/24
Committee: ECON
Amendment 98 #

2017/2072(INI)

Motion for a resolution
Paragraph 1
1. Takes note of the ECB’s ‘failing or likely to fail’ assessments in respect of Banco Popular Español S.A., Banca Popolare di Vicenza and Veneto Banca; whereas Banco Popular Español S.A. has been saved by private bond holders but Banca Popolare di Vicenza and Veneto Banca have been saved by state aid;
2017/11/24
Committee: ECON
Amendment 102 #

2017/2072(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Takes note of the fact that Banco Popular Español S.A. has been saved by private bondholders and Banca Popolare di Vicenza and Veneto Banca have been saved by state aid;
2017/11/24
Committee: ECON
Amendment 103 #

2017/2072(INI)

Motion for a resolution
Paragraph 1 b (new)
1 b. Is concerned about the market consolidation of Santander after the acquisition of Banco Popular;
2017/11/24
Committee: ECON
Amendment 106 #

2017/2072(INI)

Motion for a resolution
Paragraph 2
2. NotesIs deeply concerned about the ECB’s determination in the context of the precautionary recapitalisation of Monte dei Paschi di Siena that the bank is solvent and meets the capital requirements; notes, in this regard, that the determination of solvency leaves room for an element of subjectivity as this determination greatly depends on how a bank’s assets are valued;
2017/11/24
Committee: ECON
Amendment 113 #

2017/2072(INI)

Motion for a resolution
Paragraph 2
2. Notes the ECB’s determination in the context of the precautionary recapitalisation of Monte dei Paschi di Siena that the bank is solvent and meets the capital requirements; notes, in this regard, that the determination of solvency leaves room for an element of subjectivity as this determination greatly depends on how a bank’s assets are valued; notes that the market return of the bank implied a large paper loss for Italian tax payers;
2017/11/24
Committee: ECON
Amendment 114 #

2017/2072(INI)

Motion for a resolution
Paragraph 2 – subparagraph 1 (new)
Is worried that the Italian government has bought up Monte dei Paschi bonds from private bondholders at 6.5 euro per share, while their market value was fluctuating between 4 and 5 euro;underlines that this constitutes a loss of 29% for the Italian taxpayer;regrets that the Italian state at this rate will acquire a share of 50 to 70% of the shares in Monte dei Paschi;
2017/11/24
Committee: ECON
Amendment 120 #

2017/2072(INI)

Motion for a resolution
Paragraph 2 a (new)
2 a. Notes that Monte dei Paschi has been trading again since 25 October 2017;
2017/11/24
Committee: ECON
Amendment 123 #

2017/2072(INI)

Motion for a resolution
Paragraph 2 b (new)
2 b. Stresses that the Italian taxpayer already invested almost 4 billion euro in Monte dei Paschi di Siena;
2017/11/24
Committee: ECON
Amendment 124 #

2017/2072(INI)

Motion for a resolution
Paragraph 2 c (new)
2 c. Is concerned about the estimated share value at reintroduction on the stock exchange at 6.5 euro, while the real value fluctuated between 4 and 5 euro;stresses that at such market rates, the Italian government will lose 1 billion euro;
2017/11/24
Committee: ECON
Amendment 125 #

2017/2072(INI)

Motion for a resolution
Paragraph 2 d (new)
2 d. Is deeply concerned about the insidious nationalisation of Monte dei Paschi;
2017/11/24
Committee: ECON
Amendment 126 #

2017/2072(INI)

Motion for a resolution
Paragraph 2 e (new)
2 e. Notes that the overvaluation of Monte dei Paschi's rate after reintroduction suggests that investors have no confidence in the Italian and EU supervisory mechanisms;
2017/11/24
Committee: ECON
Amendment 127 #

2017/2072(INI)

Motion for a resolution
Paragraph 3
3. Reiterates its conceWarns about the high level of non- performing loans (NPLs) in certain jurisdictions; agrees with the Commission that ‘Member States and banks themselves have a primary responsibility in tackling non-performing loans’4 ; welcomes, nonetheless, the work done by different EU institutions and bodies on this issue; calls on these actors and the Member States to duly implement the Council conclusions of 11 July 2017 on the action plan to tackle non- performing loans in Europe; _________________ 4 Commission communication on completing the Banking Union, 11 October 2017, p. 15 (COM(2017)0592).
2017/11/24
Committee: ECON
Amendment 149 #

2017/2072(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Rejects any European solution to the problem of non-performing loans that would go beyond guidelines for selling NPLs on secondary markets;
2017/11/24
Committee: ECON
Amendment 163 #

2017/2072(INI)

Motion for a resolution
Paragraph 4
4. Recalls that there are risks associated with sovereign debt; notes that in some Member States financial institutions have overly invested in bonds issued by their own governments, constituting excessive ‘home bias’; takes notewarns, in this respect, of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS), which opens the door to a transfer union;
2017/11/24
Committee: ECON
Amendment 166 #

2017/2072(INI)

Motion for a resolution
Paragraph 4
4. Recalls that there are risks associated with sovereign debt; notes that in some Member States financial institutions have overly invested in bonds issued by their own governments, constituting excessive ‘home bias’; takes noterejects, in this respect, of the Commission’s ongoing work on the idea of so-called sovereign bond-backed securities (SBBS);
2017/11/24
Committee: ECON
Amendment 192 #

2017/2072(INI)

Motion for a resolution
Paragraph 6
6. Welcomes the banking reform package proposed by the Commission in November 2016; underlines the importance of the fast-track procedure for the phasing- in of International Financial Reporting Standard (IFRS) 9 in order to avoid cliff effects on the regulatory capital of credit institutions; supports the efforts made to reduce the reporting burden for smaller banks; is concerned, however, about the proposed amendments to the waivers in Articles 7 and 8 of the CRR, and more generally, about the proposed shift in the home-host balance;
2017/11/24
Committee: ECON
Amendment 231 #

2017/2072(INI)

Motion for a resolution
Paragraph 10
10. Looks forward to the Commission’s proposal on large investment firms;deleted
2017/11/24
Committee: ECON
Amendment 300 #

2017/2072(INI)

Motion for a resolution
Paragraph 15
15. Welcomes the progress made in further harmonising the priority ranking of unsecured debt instruments through the Commission’s proposal of November 2016; calls for rapid implementation by Member States so that banks can issue debt in the new insolvency class and thereby build up the required buffers;
2017/11/24
Committee: ECON
Amendment 304 #

2017/2072(INI)

Motion for a resolution
Paragraph 16
16. Calls for progress to be made on the legislative proposals implementing total loss-absorbing capacity (TLAC) in Union law; supports the inclusion of a pre-resolution moratorium tool in the BRRD;deleted
2017/11/24
Committee: ECON
Amendment 337 #

2017/2072(INI)

Motion for a resolution
Paragraph 18
18. Welcomes the EBA’s decision to publish on an annual basis data received by it in accordance with Article 10(10) of the DGSD; regrets that the data do not allow for a direct comparison of the adequacy of funding between deposit guarantee schemes (DGSs); notes, nonetheless, the need for several DGSs to accelerate the build-up of available financial means in order to achieve the target level of 0.8 % of covered deposits by 3 July 2024;
2017/11/24
Committee: ECON
Amendment 349 #

2017/2072(INI)

Motion for a resolution
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens; is currently debating the proposal on an EDIS at committee level; notes, in this respect, the Commission’s more proportionate ‘new approach’ to an EDIS as put forward in its communication of 11 October 2017;deleted
2017/11/24
Committee: ECON
Amendment 358 #

2017/2072(INI)

Motion for a resolution
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens that should be managed at national level; is currently debating the proposal on an EDIS at committee level; notewarns, in this respect, that the Commission’s more proportionate ‘new approach’ to an EDIS as put forward in its communication of 11 October 2017 still infringes on national sovereignty;
2017/11/24
Committee: ECON
Amendment 368 #

2017/2072(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Recalls that the moral hazard of deposit protection spurs deposit banks to engage in overly risky behaviour; recalls that deposit protection disincentives deposit holders to scrutinize their bank and its investment and management decisions;
2017/11/24
Committee: ECON
Amendment 372 #

2017/2072(INI)

Motion for a resolution
Paragraph 22
22. Notes the potential benefits and the likely risks related to the introduction of an EDIS; considers, therefore, risk reduction measures to be essential building blocks laying the foundations for an EDIS;deleted
2017/11/24
Committee: ECON
Amendment 387 #

2017/2072(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Stresses that any new primary, secondary rules or even guidelines must be accompanied by an in-depth impact analysis which makes clear the overall impact on the real economy - in particular on SMEs and on the financing of households - on employment and on the demand for investment;
2017/11/24
Committee: ECON
Amendment 390 #

2017/2072(INI)

Motion for a resolution
Paragraph 23 b (new)
23b. Recalls the powers of the European Parliament in the issuance of Pillar 1 rules.
2017/11/24
Committee: ECON
Amendment 5 #

2017/2071(INI)

Motion for a resolution
Recital A
A. whereas the EIB is considered to be the ‘financial arm of the EUBank of the European Union’ and the key institution in sustaining public and private investments within the EU, while also playing an important role outside the EU through its external lending activitiesas well as outside the EU;
2017/11/06
Committee: BUDG
Amendment 7 #

2017/2071(INI)

Motion for a resolution
Recital B
B. whereas the EIB Group financial activities include both lending own resources and fulfilling the various mandates granted to it with the support of the EU budget and third parties such as the EU Member States;
2017/11/06
Committee: BUDG
Amendment 7 #

2017/2071(INI)

Draft opinion
Paragraph 1
1. Acknowledges the EIB’s contribution to restoring investment activity in the EU after the economic and financial crises; stresses that the EIB’s activities during the current period of recovery and credit availability in some countries and sectors must be carefully directed towards products and projects, thereby ensuring additionality, while addressing underlying investment gaps;
2017/10/16
Committee: ECON
Amendment 11 #

2017/2071(INI)

Motion for a resolution
Recital D
D. whereas the EIB maintained a solid profitabilityfinancial standing in 2016 in accordance with the forecast for that year, with a net annual surplus of EUR 2.8 billion;
2017/11/06
Committee: BUDG
Amendment 14 #

2017/2071(INI)

Draft opinion
Paragraph 2
2. Stresses the need to minimise the risk of crowding out the private sector by focusing on long-term financing otherwise unavailable to EIB clients on the markets, or by greater risk-taking, namely by supporting the financing of projects that would not get financed otherwise; further points out that additionality of EIB financing also consists of providing technical advice and capacity-building in order to help projects to become investment-ready;
2017/10/16
Committee: ECON
Amendment 16 #

2017/2071(INI)

Motion for a resolution
Recital E
E. whereas the EIB should continue to strengthen its efforts to expand its loan activities effectively by providing technical advice, especially in regions with low investment capacity, while reducing administrative burdens for applicantslevels, while increasing the efficiency of its scrutiny mechanism;
2017/11/06
Committee: BUDG
Amendment 24 #

2017/2071(INI)

Motion for a resolution
Paragraph 1
1. Stresses that the current crisis has significantly weakened economic growth in the EU and that one of the main contributing factors is the decline in investment in the EU; underlines that the fall in public and private investment has reached alarmingworrisome levels in the countries most affected by the crisis, as evidenced by Eurostat’s findings; expresses concern about macroeconomic imbalances and unemployment rates that remain significant in some Member States;
2017/11/06
Committee: BUDG
Amendment 30 #

2017/2071(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the fact that the EIB has affirmed its commitment to supporting the fulfilment of the Paris Agreement; believes that the review of the EIB’s energy policy foreseen for 2018 will be an opportunity for the bank to reconsider the support it gives to the fossil fuels sector; urges the bank, in this context, to publish the concrete action plans deriving from its 2015 Climate Strategy and to align its portfolio with the global average temperature increase target of less than 2°C, through the phasing-out of fossil fuel projects and the prioritisation of energy efficiency projects;
2017/11/06
Committee: BUDG
Amendment 31 #

2017/2071(INI)

Draft opinion
Paragraph 3
3. Believes that instead of playing a partly anti-cyclical role, the key priorityies for the EIB should be to focus on helping to bridge investment gaps in areas where markets fail;
2017/10/16
Committee: ECON
Amendment 41 #

2017/2071(INI)

Motion for a resolution
Paragraph 7
7. Notes that the value of the EIB loans signed is forecast to rise once again in 2019 (to EUR 76 billion, following a fall from EUR 77 billion in 2014 to EUR 73 billion in 2016); points out that the current context should encourage the bank to adopt more ambitious objectives and to increase the loans signed by the EIB; rRecalls that the EIB should play a fundamental role in the implementation of the Europe 2020 strategy through the Horizon 2020 instrumentinstruments such as Horizon 2020 and the Connecting Europe Facility;
2017/11/06
Committee: BUDG
Amendment 46 #

2017/2071(INI)

Motion for a resolution
Paragraph 8
8. Welcomes the EIB’s commitment to tackling the phenomenon of forced displacement androot causes of migration and taking action in countries particularly affected by the migration crisis, including by strengthencomplementing humanitarian action and, by providing support for economic growth, the construction of infrastructure and job creation and by tackling the root causes of migration; expects the EIB Group, to this end, to step up its efforts in coordinating its Economic Resilience Initiative and the External Lending Mandate currently under revision with the establishment of the EFSD mid-2017;
2017/11/06
Committee: BUDG
Amendment 51 #

2017/2071(INI)

Motion for a resolution
Paragraph 10
10. Welcomes the EIB Group Strategy on Gender Equality and Women’s Economic Empowerment published in 2017; believes that a gender perspective should be applied to all EIB Group financial operations; expects a Gender Action Plan, setting ambitious targets and accompanied by concrete indicators, to be implemented soon;deleted
2017/11/06
Committee: BUDG
Amendment 56 #

2017/2071(INI)

Motion for a resolution
Paragraph 11
11. Expects a rapid agreement to be reached on the prolongation of EFSI action, and that the revised fundthat the revised EFSI regulatory framework will enable the problems identified in the previous version, namely in relation to additionality, geographic balance and advisory hub activities, to be overcome;
2017/11/06
Committee: BUDG
Amendment 58 #

2017/2071(INI)

Draft opinion
Paragraph 5
5. Recalls the high degree of urgency of clarifying the impact of Brexit on the EIB and its activities in order for the bank to continue to be able to perform its role;
2017/10/16
Committee: ECON
Amendment 62 #

2017/2071(INI)

Motion for a resolution
Paragraph 14
14. Recalls that the EIB’s NCJ Policy needs to be ambitious; notes that relying on the commonwelcomes the adoption by the EIB of an interim approach with regard to the NCJ Policy and tax sensitive jurisdictions, and notes that the EIB Group NCJ Policy will be revised following the adoption of the EU list of third country jurisdictions that fail to comply with tax good governance standards, which is expected to be endorsed by the Council of the EU by the end of 2017 and which will prevail over other lead organisations’ lists in the case of conflict, is a positive but insufficient step, and calls for; welcomes the inclusion of country-by- country reportactual safeguards requiring without exemptions to be made a key part of the EIB’s corporate social responsibility strategy, before the EU adopts its legislation in the fields counterparties to comply with applicable legislation currently in force, including but not limited to, in relation to country-by- country reporting;
2017/11/06
Committee: BUDG
Amendment 68 #

2017/2071(INI)

Motion for a resolution
Paragraph 15
15. Asks the EIB to take greaterWelcomes the fact that the EIB takes into account of the tax impact in countries where investment is made and of how this investment contributes to development and reducing inequality; asks the EIB to study how this exercise can be improved;
2017/11/06
Committee: BUDG
Amendment 70 #

2017/2071(INI)

Draft opinion
Paragraph 7
7. Stresses the need for the EIB to prioritise external operations so that its activities especially focus on geographical and sectoral areas of high importance for the EU; highlights the great potential for EIB operations to improve the economic situation in Ukraine, which is facing great economic stress and instability due to the ongoing armed conflict in Eastern Ukraine, with the direct and indirect participation of Russian military and security services;
2017/10/16
Committee: ECON
Amendment 88 #

2017/2071(INI)

Draft opinion
Paragraph 8
8. Notes a wide variety of experiences with EFSI projects; calls for supports and encourages the further exchange of best practices between the EIB and the Member States in order to increase the effectiveness of the Juncker plan;
2017/10/16
Committee: ECON
Amendment 91 #

2017/2071(INI)

Motion for a resolution
Paragraph 22
22. UrgesWelcomes that the EIB Group to adopt the whistleblowing policy review that has already been announcedhas started the revision of its Whistleblowing Policy, which is to update the previous policy dating from 2009; urges the EIB to finalise its revision within due time;
2017/11/06
Committee: BUDG
Amendment 104 #

2017/2071(INI)

Motion for a resolution
Paragraph 29
29. Warns, in this respect, that market- driven instruments risk shifting the focus of the EU budget from EU public common goods and expectncourages the EIB Group to reinforce its reporting to the Commission on the quality as opposed to the quantity of its financing;
2017/11/06
Committee: BUDG
Amendment 115 #

2017/2071(INI)

Motion for a resolution
Paragraph 31
31. Underlines that the pricing ofdue diligence of investment projects financed by the EIB Group products should be based on both factors related to financial return and other factors related not to financial return, but instead to the achievement of other kinds of objectives, such as the contribution of the project to upward economic convergence and cohesion in the EU, or to the achievement of the Europe 2020 targets or the 2030 SDGs; considers that the EIB Group should explain these non-financial criteria to institutional and private investors (for example, pension funds and insurance companies) in an appropriate manner, thus promoting an increased focus on socio- economic and environmental impact across the financial sector;
2017/11/06
Committee: BUDG
Amendment 5 #

2017/2066(INI)

Motion for a resolution
Citation 20 a (new)
– having regard to Article 4 and TFEU, stating that consumer protection is a shared competence between the EU and Member States, and that the EU can only issue rules in the area of consumer protection, provided that no more effective measures can be taken nationally, regionally or locally,
2017/06/29
Committee: ECON
Amendment 14 #

2017/2066(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas retail business is predominantly local business;
2017/06/29
Committee: ECON
Amendment 73 #

2017/2066(INI)

Motion for a resolution
Paragraph 5
5. Welcomes the Commission's commitment to propose an amendment to Regulation (EC) No 924/2009 on cross- border payments, involving payments in non-euro currencies, with the aim of ensuringtackling the fact that the fees for allnon-euro cross-border and non-euro national payments transactions in the EU are not identical; considers that the underlying systems for cross-border euro and non- euro transactions differ significantly; therefore, a one-size-fits-all approach would not reflect the diverse cost structures involved; emphasises the need to promote technological development in order to reduce costs for cross-border non-euro payment transactions;
2017/06/29
Committee: ECON
Amendment 77 #

2017/2066(INI)

Motion for a resolution
Paragraph 6
6. EmphasiStresses that enforcing the current legislation is central to tackling ‘dynamic currency conversDirect currency conversion can be a value for consumers when it is offered as a selectable option; reaffirms that this will necessitate an obligation for merchants to clearly highlight and present the most advantageous option for consumers, including wemphasizes that the choice of options addressed to the consumer in the Commission's Action Plan is only possible with far-reaching technical and organizational changes and thus at an increased cost; calls on the Commission to study the cost of requiring payment service providers of then these consumers are making ATM withdrawals involving currency conversraders and the consumer to provide this real-time information;
2017/06/29
Committee: ECON
Amendment 81 #

2017/2066(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Reaffirms that in accordance with the requirements of the Payment Services Directive the party offering the currency conversion service shall disclose to the payer all charges as well as the exchange rate to be used for converting the payment transaction in a clear way in order to ensure transparency for consumers.
2017/06/29
Committee: ECON
Amendment 82 #

2017/2066(INI)

Motion for a resolution
Paragraph 7
7. Approves of the Commission's ambition to incorporate the achievements of the Payment Accounts Directive to make it easier to change financial services providers and products; calls on the Commission to present legislativexplore initiatives specifically targeted at the financial sector to end unjustified geo- blocking in order to facilitate switching by customers to more advantageous retail financial services in other Member States; highlights the Report of the Commission on the application of Regulation EU n°260/2012 (the SEPA- Regulation) which concludes that, overall, the SEPA Regulation is correctly applied across the EU but, that very few issues, such as IBAN discrimination, persist; calls on the Commission to address with priority IBAN discrimination (i.e. imposing on consumers to pay from an account located in a specific country) as this constitutes a mayor barrier for the cross-border demand of products and services.
2017/06/29
Committee: ECON
Amendment 96 #

2017/2066(INI)

Motion for a resolution
Paragraph 8
8. Urges the Commission to set up promptly a well-organised and easy-to-use EU comparison portal covering most or all parts of the European retail financial markets in its entirety, bearing in mind that only similar products/services can be compared;
2017/06/29
Committee: ECON
Amendment 105 #

2017/2066(INI)

Motion for a resolution
Paragraph 10
10. UrgesCalls on the Commission to put forward legislative proposals to amend the Insurance Distribution Directive to include car rental companies selling insurance add- ons with a view to ensuring transparent pricing covering all car rental companies across the Member States;
2017/06/29
Committee: ECON
Amendment 114 #

2017/2066(INI)

Motion for a resolution
Paragraph 12
12. Asks the Commission to assess carefully whether national rules and practices are motivated by consumer protection concerns; underlines that the dismantling of national barriers should not be to the detriment of consumer protectione importance of a level playing field for consumers and providers;
2017/06/29
Committee: ECON
Amendment 123 #

2017/2066(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Calls on the Commission to choose a holistic approach by examining national rules and practices on financial efficiency and digital fitness;
2017/06/29
Committee: ECON
Amendment 133 #

2017/2066(INI)

Motion for a resolution
Paragraph 13
13. Calls on the Commission to amendssess the application of the Mortgage Credit Directive and the Consumer Credit Directive to introduce compulsory,in order to see whether the introduction of harmonised, cross-border creditworthiness assessment standards and principles are a prerequisite to better mitigate the risk of increasing over- indebtedness when facilitating pan- European online credit; urges the Commission to give priority to submit a comprehensive report assessing the wider challenges of private over- indebtedness directly linked to credit activity according to Article 45 of the Mortgage Credit Directive.
2017/06/29
Committee: ECON
Amendment 136 #

2017/2066(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Stresses that local savings banks are best suited to assess risk to its consumers;
2017/06/29
Committee: ECON
Amendment 144 #

2017/2066(INI)

Motion for a resolution
Paragraph 14
14. Calls on the Commission to present an all-inclusive FinTech Action Plan in the framework of its capital markets union (CMU) and digital single market (DSM) strategies, contributing to an effective and well-functioning integrated technology- driven single market of financial services benefiting all European end-users, and creating a level playing field between different distribution channels and techniques, so that they can be protected equally, regardless of the location of the purchase;
2017/06/29
Committee: ECON
Amendment 149 #

2017/2066(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Notes that many insurance and financial intermediaries are SMEs; calls on the Commission to take this into account when drafting its FinTech Action Plan;
2017/06/29
Committee: ECON
Amendment 153 #

2017/2066(INI)

Motion for a resolution
Paragraph 15
15. Reiterates the need for the Commission to identify and remove regulatory barriers to the use of pan- European electronic signature systems for subscribing to financial services, thereby facilitating EU-wide cross-border digital onboarding, without affecting the level of security of existing systems or their ability to comply with the requirements of the Fourth Anti-Money Laundering Directive; stresses the need to regularly adapt the EU legal framework in order to enable a secure remote or electronic identification by those means of identification as set out in Regulation (EU) No 910/2014 of the European Parliament and of the Council and any other remote identification means based on new technologies presenting an adequate level of security equivalent to the substantial assurance level of e-IDAS;
2017/06/29
Committee: ECON
Amendment 156 #

2017/2066(INI)

Motion for a resolution
Paragraph 16
16. Stresses the need to adaptmonitor the existing EU legal framework for the digital world to counteract consumer protection risks connected with distance online selling, therebyalso in order to creatinge new business opportunities forin the European market, including start-ups and FinTechs;
2017/06/29
Committee: ECON
Amendment 2 #

2017/2053(INI)

Draft opinion
Recital B
B. whereas the EU budget is primarily an investment budget with some redistributive functions between the Member States, and serves mainly to support common EU policies and objectives, providing seed money for medium- to long-term investments;
2017/10/31
Committee: CONT
Amendment 7 #

2017/2053(INI)

Draft opinion
Recital C
C. whereas the main goal of the EU budget should be to support accelerated growth in less developed regions to achieve an equivalent level of development within all Member States;
2017/10/31
Committee: CONT
Amendment 10 #

2017/2053(INI)

Draft opinion
Paragraph 1
1. Considers that own resources should focus on projects that canincreasing the share of own resources on total expenditure is not the best way to generate the highest European added value (EAV);: emphasises that expenditure should be focused on areas for which funding at European level is indispensable, or where funding at national level would be insufficient to achieve the European goal;
2017/10/31
Committee: CONT
Amendment 11 #

2017/2053(INI)

Draft opinion
Paragraph 1
1. WelcomesTakes note of the work of the High Level Group on Own Resources, and in particular the measures aimed at reducing the share of the GNI-based contribution, which is residual in nature; argues that this reduction should be compensated for by the use of genuine own resources;
2017/12/11
Committee: ECON
Amendment 17 #

2017/2053(INI)

Draft opinion
Paragraph 2
2. Considers that preference should be given to genuine European own resources, such as a tax based on the common consolidated corporate tax base (CCCTB) and a contribution based on a definitive VAT system, thereby delivering a fairer system for European citizens with respect to the EU budget;deleted
2017/12/11
Committee: ECON
Amendment 19 #

2017/2053(INI)

Draft opinion
Paragraph 2
2. Points out that the use of own resources should be oriented to public EU goods that can benefit all Member States equally; nNotes two areas of increased EAV that also enjoy a high approval rating among citizens, namely research and development, and both internal and external security;
2017/10/31
Committee: CONT
Amendment 24 #

2017/2053(INI)

Draft opinion
Paragraph 3
3. Expresses its conviction that own resources expenditure on internal and external security projects will meet with a positive response among citizens, therefore increasing their EAV; is concerned about the low level of expenditure in some key security areas, such as preparatory actions for defence and security cooperation and research;deleted
2017/10/31
Committee: CONT
Amendment 25 #

2017/2053(INI)

Draft opinion
Paragraph 4
4. Welcomes the increased use of own resources in projects related to research and development, although doubts remain as to the types of projects financed; hHighlights that expenditure should be focused on projects that are profitable in the long-term and bring benefits to the EU, rather than on funding programmes that produce only short-term benefits;
2017/10/31
Committee: CONT
Amendment 26 #

2017/2053(INI)

Draft opinion
Paragraph 5
5. Expresses its concern about the low share of the Union budget devoted to climate-related spending; maintains that the revenues obtained from own resources should be spent on projects that generate higher EAV, including the fight against climate change;deleted
2017/10/31
Committee: CONT
Amendment 32 #

2017/2053(INI)

Draft opinion
Paragraph 6
6. Calls on the Commission to submit a communication to Parliament explaining how it intends to reconcile long-term political objectives, such as the Europe 2020 Strategy, with the situation that will ensue after the 2020 multiannual financial framework (MFF), within the course of the next year; strongly believes that an EU agenda for the next decade should play a decisive role in the process of developing successive MFFs;
2017/10/31
Committee: CONT
Amendment 34 #

2017/2053(INI)

Draft opinion
Paragraph 7
7. Recalls that long-term projects, such as Horizon 2020 and the Juncker Commission’s 10 priorities,Horizon 2020 should be taken into account when own resources are allocated; calls on the Commission to orient its priorities towards the successful achievement of theseis long-term projects;
2017/10/31
Committee: CONT
Amendment 35 #

2017/2053(INI)

Draft opinion
Paragraph 3
3. Advocates the establishment of a budgetary capacity for the Eurozone that would perform functions of macroeconomic stabilisation and bring about economic and social convergence; considers, moreover, that this capacity should be financed through own resources specific to the euro area, such as a tax on financial transactions, a bank levy and a share of the ECB’s profits;deleted
2017/12/11
Committee: ECON
Amendment 36 #

2017/2053(INI)

Draft opinion
Paragraph 8
8. Believes that simpler and clearer rules will contribute to a swift allocation of resources and will increase efficiency and transparency, with fewer errors occurring as a result; asks the Commission to draw up an action plan along these lines; stresses that simpler and cleared rules should not lead to increased discretion and curbed scrutiny in the allocation of means;
2017/10/31
Committee: CONT
Amendment 38 #

2017/2053(INI)

Draft opinion
Paragraph 8 a (new)
8a. Believes that simpler and clearer budgetary rules will make the need for more own resources obsolete;
2017/10/31
Committee: CONT
Amendment 48 #

2017/2053(INI)

Draft opinion
Paragraph 4
4. Considers that the EU should be able to issue zero-risk debt assets in order to offset the volatility in own resources’ revenues;deleted
2017/12/11
Committee: ECON
Amendment 59 #

2017/2053(INI)

Draft opinion
Paragraph 5
5. Stresses, with a view to achieving common EU and Eurozone economic governance objectives, the need for adequate financial support, which should be financed by genuine own resources in order to ensure democratic legitimacy;deleted
2017/12/11
Committee: ECON
Amendment 67 #

2017/2053(INI)

Draft opinion
Paragraph 6
6. Supports the creation of a dedicated budget line to support the adoption of the euro by Member States not yet part of the euro area, but calls for it to be made separate from the Eurozone’s budgetary capacity; considers that the budgetary capacity of the Eurozone should be excluded from ceiling calculations for commitments and payments under the multiannual financial framework;deleted
2017/12/11
Committee: ECON
Amendment 78 #

2017/2053(INI)

Draft opinion
Paragraph 7
7. Supports the proposal to create the post, within the Commission, of European Finance Minister, who would be tasked with managing the budgetary capacity and ensuring full democratic accountability of the EU’s economic governance;deleted
2017/12/11
Committee: ECON
Amendment 18 #

2017/2044(BUD)

Draft opinion
Paragraph 2
2. Welcomes the inclusion of adequate resources in the 2018 budget to support the European Supervisory Authorities (ESAs); underlines that the role of the ESAs is essential in fostering the consistent application of Union law and better coordination between national authorities, and in ensuring financial stability, better integrated financial markets and consumer protection; emphasises that the ESAs must stick strictly to the tasks assigned to them by the European Parliament and the Councillegislator and must not seek to de facto broaden their mandate beyond those assignments;
2017/07/20
Committee: ECON
Amendment 33 #

2017/2044(BUD)

Draft opinion
Paragraph 5
5. Reiterates that the financing of the ESAs shcould be reviewed; calls on the Commission to examine the possibility of introducing calibrated fees for market participants partly replacing the contributions of national competent authorities; acknowledges, however, the deteriorating profitability of Union banks and stresses the financial impact of low and negative interest rates; suggests that any possible shift in financing arrangements by market participants should be postponed until the systemic risk sensitivity in the aftermath of the crisis has been resolved;
2017/07/20
Committee: ECON
Amendment 37 #

2017/2044(BUD)

Draft opinion
Paragraph 5 a (new)
5 a. Highlights the importance of contributions of national competent authorities in guaranteeing national interests;points out that the banking industry already contributes heavily to regulation and supervision (e.g. SSM fees 2016: € 404,5 million;SRB contributions 2017: € 90,7 million);
2017/07/20
Committee: ECON
Amendment 6 #

2017/2003(INI)

Draft opinion
Paragraph 1
1. Recognises the fact that all collaborative economies, covering the full spectrum from market-oriented to gift- based, apre rooted in human cooperative behaviour and that no matter how diverse they are, or will become, they are all identified by resource sharing, the active empowerment of citizens, community- accepted innovation, andsuppose a collaborative model of consumption (renting, lending, exchanging, sharing, bartering and giving), which is applied in ways and on scales which were not possible in the past, thanks to the intensive use of information and communication technologies (ICTs) as a key enabler;
2017/01/30
Committee: ITRE
Amendment 22 #

2017/2003(INI)

Draft opinion
Paragraph 2
2. Emphasises that ICTs allow innovativethe phenomenon does not involve a technological breakthrough or the triumph of an ideas within the collaborative economies to evolve quickly and efficiently, while connecting and empowering participants, reducing the need for intermediation, decreasing direct costs and overheads, channelling rich information flows and reinforchich, by acting on the structure of a traditional activity, enables it to become more efficient, ‘achieving more with less’; observes that the only real innovation in collaborative economies, and in the sharing economy in general, lies in the elimination of all forms of intermediation: whether commercial or public (ing trust between peers; erms of regulation and taxation);
2017/01/30
Committee: ITRE
Amendment 30 #

2017/2003(INI)

Draft opinion
Paragraph 2 a (new)
2a. Observes that the major transnational platforms of the sharing economy, which gather and redistribute an enormous flow of information, are setting themselves up as new intermediaries; notes that, despite a heavier burden of costs (costs of intermediation even exceed 20%), they can set lower prices thanks to the fact that the technology of innovation requires minimal fixed investment and because of the asymmetry by virtue of which the cost of such prices falls not on the platform itself but on workers or their customers; observes that it follows that, in certain circumstances, such platforms may even constitute a barrier to the creation and development of local collaborative economy initiatives;
2017/01/30
Committee: ITRE
Amendment 39 #

2017/2003(INI)

Draft opinion
Paragraph 3
3. Underlines that the sharing and monetisation of underused assets rbeleases a wealth of positive environmental and other externalities, thus making industries and services more resource-efficient, lowers the up-front costs of market entry and creates opportunitiesonging to an operator himself receives particular impetus in an economy where internal demand is exhausted, where it becomes essential to economise on expenditure and therefore the decisive criterion becomes price rather than quality and safety; notes that, consequently, the ‘added value’ of the sharing economy lies in the systematisation of the subsistence economy, in the absence of an added- value economy; it is a ‘fend-for-yourself economy’;
2017/01/30
Committee: ITRE
Amendment 50 #

2017/2003(INI)

Draft opinion
Paragraph 4
4. Points out that collaborative economies thrive in communities in which knowledge- and education-sharing models are strong, thereby consolidating a culture of open innovathe profits generated in this way for the most part fall to owners of hardware and software, to the oligopolists of the digital world, and to those who manage the payments and transactions, supporting open-sourced hardware and software, and expanding our heritage of common goods and creative commonswho incidentally can legally evade taxation thanks to the free movement of capital;
2017/01/30
Committee: ITRE
Amendment 60 #

2017/2003(INI)

Draft opinion
Paragraph 5
5. Urges the Commission to ensure 5. that the EU develops the highest international standards regarding (a) social protection for ‘workpreneurs’ in collaborative economies, (b) safety guarantees for the customers of collaborative economies, and (c) cohabitation synergies with traditional business modelMember States to ensure a degree of legal certainty, which means that the same rules should apply to all, regardless of whether they are operating through traditional channels or through the channels of the collaborative economy and the sharing economy in general: certificates, permits, licences, professional qualifications, health protocols, suitability of premises, taxes, insurance, regulation of the labour market, etc .; underlines, in this regard, that it is essential first of all to avoid unfair competition to the detriment of traditional activities, as well as to ensure equal social protection for workers and equal guarantees of safety for customers;
2017/01/30
Committee: ITRE
Amendment 78 #

2017/2003(INI)

Draft opinion
Paragraph 6
6. Calls on the Commission and on Member States to open non-exclusive, experimentation-oriented spaces for collaborative economies and to promote guidelines on this matter in European, national and local legislation, while fostering digital connectivity and literacy, supporting European entrepreneurs and incentivising Industry 4.0 hubs;deleted
2017/01/30
Committee: ITRE
Amendment 86 #

2017/2003(INI)

Draft opinion
Paragraph 7
7. Calls on the Commission to ensure that EU legislation and policies are future-friendly and provide legal certainty in order to unleash the full potential of collaborative economies for EU businesses and citizens, while redefining and modernising – where necessary – the concepts of ‘work/service’, ‘worker’ and ‘service provider’;deleted
2017/01/30
Committee: ITRE
Amendment 103 #

2017/2003(INI)

Draft opinion
Paragraph 8
8. Notes that collaborative economies are increasingly important in the energy sector, allowing consumers, individuals and communities to engage efficiently in several decentralised phases of the renewable energy cycle, including self- production and self-consumption, storage and distribution.deleted
2017/01/30
Committee: ITRE
Amendment 3 #

2017/0333R(APP)

Motion for a resolution
The European Parliament rejects [the Commission proposal].
2019/01/09
Committee: BUDGECON
Amendment 19 #

2017/0333R(APP)

Motion for a resolution
Citation 8 a (new)
- having regard to the German Federal Constitutional Court judgment of 12 September 2012, ref. 2 BvR 1390/12, requiring a reservation to be entered under international law,
2019/01/09
Committee: BUDGECON
Amendment 40 #

2017/0333R(APP)

Motion for a resolution
Recital B
B. whereas the financial and economic crisis has revealed the weaknesses of the euro architecture, highlighting the need for the swift completion ofrethinking the EMU;
2019/01/09
Committee: BUDGECON
Amendment 49 #

2017/0333R(APP)

Motion for a resolution
Recital C
C. whereas membership of a common currency area requires common rules and obligations, as well as common tools to respond to symmetric and asymmetric shocks and for the promotion of solidarity andpromote socioeconomic upward convergence; whereas risk reduction and risk sharing should go hand in hand in deepenshould be a necessary condition before risk sharing should be considered ing the EMU;
2019/01/09
Committee: BUDGECON
Amendment 60 #

2017/0333R(APP)

Motion for a resolution
Recital D
D. whereas the creation of the European Financial Stability Facility (EFSF) and its later transformation into the European Stability Mechanism (ESM) have represented, despite its intergovernmental nature,played an important step towardsrole in the creation of a European crisis management mechanism, helping to respond to the weaknesses of the EMU and providing financial assistance to several European countries affected by the crisis;
2019/01/09
Committee: BUDGECON
Amendment 69 #

2017/0333R(APP)

Motion for a resolution
Recital E
E. whereas the intergovernmental nature of the ESM has implicationprovides safeguards on its decision-making process, which risks undermining the ESM’s capacity to rguarantees profound scrutiny by Member Statesp ond swiftly to economic and financial shock planned and disbursed financial assistance, especially by net paying Member States;
2019/01/09
Committee: BUDGECON
Amendment 70 #

2017/0333R(APP)

Motion for a resolution
Recital E
E. whereas the intergovernmental nature of the ESM has implications onmakes it possible for its decision-making process, which risks undermining the ESM’s capacity to respond swiftly to economic and financial shocks to be subject to unanimity, which is what enables the ESM Member States to exercise their fiscal sovereignty in the first place;
2019/01/09
Committee: BUDGECON
Amendment 75 #

2017/0333R(APP)

Motion for a resolution
Recital F
F. whereas the future incorporation of the ESM into the EU legal framework should continue to be understood as part of the EMU completion projectan intergovernmental tool for financial assistance and governmental and financial sector reform;
2019/01/09
Committee: BUDGECON
Amendment 82 #

2017/0333R(APP)

Motion for a resolution
Recital H
H. whereas, in the short term, the ESM reform should contribute in particular to the banking union, providing a proper common financial backstop for the Single Resolution Fund (SRF), without prejudice to the need to establish a European Depokeeping with its purpose, the ESM may provide stability assistance only if that is essential for safeguarding the financial stability of the euro area as a whole, and of its Member States, and whereas the use of ESM funding to assist Insurance Scheme (EDIS)banks must be ruled out for that very reason;
2019/01/09
Committee: BUDGECON
Amendment 84 #

2017/0333R(APP)

Motion for a resolution
Recital H
H. whereas in the short term, the ESM reform should contribute in particular to the banking union, providing a proper common financial backstop for the Single Resolution Fund (SRF), without prejudice to the need to establishbe separated from the discussion on the necessity to implement a European Deposit Insurance Scheme (EDIS);
2019/01/09
Committee: BUDGECON
Amendment 94 #

2017/0333R(APP)

Motion for a resolution
Paragraph 1
1. WelcomeRejects the Commission’s proposal of 6 December 2017 for a Council Regulation on the establishment of the European Monetary Fund and considers it a useful contribution to the ongoing debate on the future of Europe, the completion of the EMU and the ESM reform;,
2019/01/09
Committee: BUDGECON
Amendment 105 #

2017/0333R(APP)

Motion for a resolution
Paragraph 3
3. Highlights that the proper functioning of an EMU depends on the existence of an institution serving as a ‘lender of last resort’; acknowledges, in this context, the positive contribution of the ESM, despite its intergovernmental nature, towards addressing the weaknesses of the institutional setting of the EMU, namely by providing financial assistance to several Member States affected by the financial crisis and the Great Recession;deleted
2019/01/09
Committee: BUDGECON
Amendment 121 #

2017/0333R(APP)

Motion for a resolution
Paragraph 4
4. Recalls its previous positions in favour of the incorporation of the ESM into the EU legal framework, which would make it a fully-fledged EU body; insists that this incorporation should continue to be understood as part of the EMU completion project; believes that such an integration would allow for management in accordance with the Community method, ensure the full consistency of fiscal rules and obligations, facilitate economic and fiscal policy coordination, and enhanceStresses the need to maintain the intergovernmental governance of the ESM, especially the ESM majority requirements; believes that such an intergovernmental approach provides the best guarantees to protect the interests of the member states, especially those member states who are net contributors to the ESM, to safeguard democratic legitimacy and accountability through the European Parliamentnational parliaments, and guarantees its independence;
2019/01/09
Committee: BUDGECON
Amendment 139 #

2017/0333R(APP)

Motion for a resolution
Paragraph 5
5. Notes that the Commission’s proposal has generated a lively discussion on its political, financial and legal implications, and that discussions continue on a number of important issues; stresses, however, that thisall concerns raised in the debate on the long-term vision of the ESM’s institutional setting should not delay the steps urgently required to strengthen the EMU and its capacity to promote financial stability and respond to economic shocks; calls, therefore, for a meaningful ESM reform in the short term by means of a revision of the ESM Treaty, without prejudice to more ambitious developments in the futurebe duly addressed;
2019/01/09
Committee: BUDGECON
Amendment 151 #

2017/0333R(APP)

Motion for a resolution
Paragraph 6
6. Underlines that the primary mission of the new ESF should continue to be to provide transitionalincrease financial assistaresilience tof Member States in need, on the basis of the agreed adjustment programmes; stresses that the ESF must have adequate firepower for that purpose; opposes, therefore, any attempt to turn the reformed ESM into an instrument for banks only, orwelcomes any steps considered to reduce its financial capacity to support Member States; recalls that financial assistance provided to Member States under the new ESF has to be complemented by other fiscal capacity tools, including precautionary instruments, to promote economic and financial stabilisation, investment and upward socioeconomic convergence in the euro area;
2019/01/09
Committee: BUDGECON
Amendment 160 #

2017/0333R(APP)

Motion for a resolution
Paragraph 6 a (new)
6 a. Underlines that the EMF should not be allowed to raise debt, directly or indirectly;
2019/01/09
Committee: BUDGECON
Amendment 161 #

2017/0333R(APP)

Motion for a resolution
Paragraph 6 b (new)
6 b. Raises concern regarding the problem of obliging the EMF to deal with the continuous monitoring of EMU countries also in non-crisis times, since this would affect the staff and costs of the IMF, the Organisation for Economic Co- operation and Development (OECD), the EU Commission, and also to some extent the ECB, since they already perform this task; proposes that the EMF could potentially be allowed to borrow staff from the Commission and the ECB when a crisis arises; this staff could work under EMF management in order to guarantee sufficient independence;
2019/01/09
Committee: BUDGECON
Amendment 162 #

2017/0333R(APP)

Motion for a resolution
Paragraph 6 c (new)
6 c. Stresses the need to introduce a sovereign debt restructuring mechanism to reinforce the no-bailout rule, which will make financial market actors apply more scrutiny;
2019/01/09
Committee: BUDGECON
Amendment 164 #

2017/0333R(APP)

Motion for a resolution
Paragraph 7
7. Believes that the reformed ESM should play a more prominent role in the management of financial assistance programmes, alongsideinstead of the Commission and in close cooperation with the ECB, ensuring that the EU institutional framework has more autonomy whenever needed, without prejudice to appropriate partnerships with other institutions, namely the International Monetary Fund;
2019/01/09
Committee: BUDGECON
Amendment 170 #

2017/0333R(APP)

Motion for a resolution
Paragraph 7 a (new)
7 a. Believes that if the EMF would be sufficiently autonomous, the conditionality principle would be strengthened and the politically influenced EU Commission would no longer be involved;
2019/01/09
Committee: BUDGECON
Amendment 177 #

2017/0333R(APP)

Motion for a resolution
Paragraph 8
8. Stresses that evaluation of the financial assistance requests made by the ESF, as well as its decision-making on the design of the adjustment programmes, in cooperation with other institutions, should in no way replace, duplicate or overlapnot interfere with the normal macroeconomic and fiscal surveillance provided for in the EU’s financial rules and regulations, which must remains the Commission’s exclusive competence;
2019/01/09
Committee: BUDGECON
Amendment 186 #

2017/0333R(APP)

Motion for a resolution
Paragraph 9
9. Highlights the need for an efficient decision-making procedure in the reformed ESM, particularly ESM, while safeguarding the case ofprinciple of unanimity, including in urgent situations;
2019/01/09
Committee: BUDGECON
Amendment 195 #

2017/0333R(APP)

Motion for a resolution
Paragraph 10
10. Calls for a swift ESM reform that also redefines its role, functions and financial tools, so that the new ESF can offer liquidity support in case of resolution and serve as a financial backstop for the SRF; calls for the SRF to be made operational as soon as possible and, in any case, before 2024;deleted
2019/01/09
Committee: BUDGECON
Amendment 196 #

2017/0333R(APP)

Motion for a resolution
Paragraph 10
10. Calls for a swift- in the event of an ESM reform that also redefines its role, functions and financial tools, so that the new ESF can - for no provision to be made for the ESM either to offer liquidity support in case of resolution andor to serve as a financial backstop for the SRF; calls for the SRF to be made operational as soon as possible and, in any case, before 2024;
2019/01/09
Committee: BUDGECON
Amendment 214 #

2017/0333R(APP)

Motion for a resolution
Paragraph 11
11. Underlines the risks arising from the delay in completing the banking union; welcomes, in this context, the European Council’s commitment to a common backstop for the SRF and recalls the need also to establish the EDIS;deleted
2019/01/09
Committee: BUDGECON
Amendment 223 #

2017/0333R(APP)

Motion for a resolution
Paragraph 11 a (new)
11 a. Stresses that using the EMF as a common fiscal backstop for the Banking Union requires a large increase in risk taking. Therefore, exposure limits for the EMF need to be designed and the Single Resolution Fund (SRF) should be forced to repay the EMF in due course;
2019/01/09
Committee: BUDGECON
Amendment 230 #

2017/0333R(APP)

Motion for a resolution
Paragraph 12
12. Invites the ESM to establish a protocol for a Memorandum of Cooperation (MoC) with the European Parliament, with immediate effect, to further promote institutional dialogue and enhance the ESM’s transparency, accountability and democratic legitimacy in line with the further deepening ofenhanced interinstitutional cooperation on the economic governance of the euro area;
2019/01/09
Committee: BUDGECON
Amendment 33 #

2017/0294(COD)

Proposal for a directive
Recital 5 a (new)
(5a) Directive 2009/73/EC should take into account the results of a stakeholder consultation and an impact assessment. Furthermore, there should be a scrutiny by the Regulatory Scrutiny Board in accordance with the requirements of the Better Regulation Guidelines of the European Commission [SWD (2017) 350].
2018/01/26
Committee: ITRE
Amendment 40 #

2017/0294(COD)

Proposal for a directive
Article 1 – paragraph 1 – point -1 (new)
Directive 2009/73/EC
Article 1 – paragraph 2 a (new)
(-1) in Article 1, the following paragraph is added: "2a. Directive 2009/73/EC shall take into account the results of a stakeholder consultation and an impact assessment. Furthermore, there should be a scrutiny by the Regulatory Scrutiny Board in accordance with the requirements of the Better Regulation Guidelines of the European Commission [SWD (2017) 350]."
2018/01/26
Committee: ITRE
Amendment 72 #

2017/0293(COD)

Proposal for a regulation
Recital 16
(16) Setting a benchmark for the share of zero- and low-emission vehicles in the EUnion fleet together with a well-designed mechanism for adjusting a manufacturer's specific CO2 target based on the share of zero- and low-emission vehicles in the manufacturer's own fleetshould be based on a technologically-neutral choice and should provide a strong and credible signal for the development and deployment of such vehicles while still allowing for the further improvement of the efficiency of the conventional internal combustion engines.
2018/05/04
Committee: ITRE
Amendment 94 #

2017/0293(COD)

Proposal for a regulation
Recital 22
(22) The aim of this Regulation is to create incentives for the automotive industry to invest in new technologies while remaining technology neutral. This Regulation actively promotes eco- innovation and provides a mechanism that should be able to acknowledge future technological development. Experience shows that eco-innovations have successfully contributed to the cost- effectiveness of Regulations (EC) No 443/2009 and (EU) No 510/2011 and to the reduction of real world CO2 emissions. This modality should therefore be maintained and the scope should be extended to incentivise efficiency improvements in air-conditioning systems.
2018/05/04
Committee: ITRE
Amendment 247 #

2017/0293(COD)

Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 1
Upon application by a supplier or a manufacturer, CO2 savings achieved through the use of innovative technologies or a combination of innovative technologies (‘innovative neutral technology packages’) shall be considered.
2018/05/04
Committee: ITRE
Amendment 288 #

2017/0293(COD)

Proposal for a regulation
Article 16 – paragraph 1
1. The power to adopt the delegated acts referred to in the second subparagraph of Article 7(7), Article 10(8), the fourth subparagraph of Article 11(1), Article 13(2) and the second subparagraph of Article 14(3) shall be conferred on the Commission for an indeterminate period of time from [the date of entry into force of this Regulation] period of five years beginning on [xx.xx.xxxx]. The Commission shall make a report in respect of the delegated powers not later than six months before the end of the five- year period. The delegation of powers shall be automatically extended for periods of an identical duration, unless the European Parliament or the Council revokes it in accordance with Article 24.
2018/05/04
Committee: ITRE
Amendment 290 #

2017/0293(COD)

Proposal for a regulation
Article 16 – paragraph 3
3. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council, to the Council and to the Official Journal of the European Union.
2018/05/04
Committee: ITRE
Amendment 291 #

2017/0293(COD)

Proposal for a regulation
Article 16 – paragraph 4
4. A delegated act adopted pursuant to the second subparagraph of Article 7(7), Article 10(8), the fourth subparagraph of Article 11(1), Article 13(2) and the second subparagraph of Article 14(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by two months at the initiative of the European Parliament or of the Councilbe in line with the Commission's better regulation agenda.
2018/05/04
Committee: ITRE
Amendment 316 #

2017/0230(COD)

Proposal for a regulation
Recital 25
(25) It is appropriate that financial institutions and financial market participants contribute to the financing of the activities of the ESAs, because the overall objective of the activities of the ESAs is to contribute to financial stability and, through the avoidance of distortions of competition, the proper operation of the single market. The activities of the ESAs benefit all financial institutions and financial market participants, whether or not they operate across borders. The ESAs contribute to them conducting their business in a stable environment and on a level playing field. Financial institutions and financial market participants that are not directly supervised by the ESA’s should therefore also contribute to the funding of those activities of the ESAs from which they benefit. In addition, the ESAs should however also receive fees paid by the financial institutions and financial market participants that are directly supervised by them. The fees paid by financial institutions that are intended as a contribution to the financing of the activities of the ESAs should be collected by competent authorities and redirected to the ESAs. This shall be done in a transparent manner and in accordance with specially developed methodologies which determine the contribution of each financial institution for this purpose.
2018/09/11
Committee: ECON
Amendment 374 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a – point ii
Regulation (EU) No 1093/2010
Article 8 – paragraph 1 – point ab
(ab) to develop and maintain up to date, taking into account, inter alia, changing business practices and business models of financial institutions, a Union resolution handbook on the resolution of financial institutions in the Union which sets out supervisory best practices and high quality methodologies and processes;
2018/09/14
Committee: ECON
Amendment 395 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point c – point ii
Regulation (EU) No 1093/2010
Article 8 – paragraph 2 – point h
(h) collect the necessary information concerning financial institutions as provided for in Article 35 and Article 35b;
2018/09/14
Committee: ECON
Amendment 431 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point b
Regulation (EU) No 1093/2010
Article 16 – paragraph 2
2. The Authority shall, save in exceptional circumstances, conduct open public consultations regarding the guidelines and recommendations which it issues and shall analyse the related potential costs and benefits of issuing such guidelines and recommendations. Those consultations and analyses shall be proportionate in relation to the scope, nature and impact of the guidelines or recommendations. The Authority shall, save in exceptional circumstances, also request the opinions or advice fromf the Technical Committee of the Banking Stakeholder Group referred to in Article 37(4a).;
2018/09/14
Committee: ECON
Amendment 440 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point d
Regulation (EU) No 1093/2010
Article 16 – paragraph 5 – subparagraph 1
Where two thirds of the members of the Banking Stakeholder GroupTechnical Committee of the Banking are of the opinion that the Authority has exceeded its competence by issuing certain guidelines or recommendations, they may send a reasoned opinion to the Commission.
2018/09/14
Committee: ECON
Amendment 442 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point d
The Commission shall request an explanation justifying the issuance of the guidelines or recommendations concerned from the Authority. The Commission shall, on receipt of the explanation from the Authority, assess the scope of the guidelines or recommendations in view of the Authority's competence. Where the Commission considers that the Authority has exceeded its competence, and after having given the Authority the opportunity to state its views, the Commission may adopt an implementing decision requiring the Authority to withdraw the guidelines or recommendations concerned .The decision of the Commission shall be made public. The obligation to comply with the guidelines or recommendations shall be suspended until the publishing of the Commission´s decision;
2018/09/14
Committee: ECON
Amendment 451 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7 a (new)
Regulation (EU) No 1093/2010
Article 16a (new)
(7a) the following Article 16a is inserted: “Article 16a 1. The Authority shall, with a view to establishing consistent and effective application of the regulatory framework, and to ensuring the common, uniform and consistent application of Union law, respond to questions submitted through a specific Q&A process about Directive 2013/36/EU, Regulation (EU) No 575/2013, Directive 2014/59/EU, Directive 2014/49/EU, the technical standards developed by the Authority and adopted by the European Commission and the Authority´s guidelines. 2. The Authority shall subject all answers to an expedited public consultation, which shall not take longer than one or in exceptional cases two weeks. 3. The Q&As shall not have a binding force in law, nor shall they be imposed on financial institutions as binding by any supervisor or competent authority. The answers shall also not be subject to the "comply or explain" requirement. 4. All submitted questions and answers shall be published on the Authority´s website no later than one week after the expedited consultation period has passed.
2018/09/14
Committee: ECON
Amendment 458 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 8
Regulation (EU) No 1093/2010
Article 17 – paragraph 2 – subparagraph 3
Without prejudice to the powers laid down in Article 35, the Authority may address a duly justified and reasoned request for information directly to other competent authorities or relevant financial institutions, whenever it is deemed necessary for the purpose of investigating an alleged breach or non-application of Union law. Where it is addressed to financial institutions, the reasoned request shall explain why the information is necessary for the purposes of investigating an alleged breach or non- application of Union law.
2018/09/14
Committee: ECON
Amendment 468 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point a
Regulation (EU) No 1093/2010
Article 19 – paragraph 1 – subparagraph 1 – point b
(b) on its own initiative where on the basis of objective criteria,reasons disagreement can be determined between competent authorities.
2018/09/14
Committee: ECON
Amendment 477 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point b
Regulation (EU) No 1093/2010
Article 22 – paragraph 4 – subparagraph 2
For those purposes, the Authority may use the powers may use the powers conferred on it under this Regulation, including Article 35 and 35b.;
2018/09/14
Committee: ECON
Amendment 514 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 12
Regulation (EU) No 1093/2010
Article 29a – paragraph 1 – subparagraph 2
The Strategic Supervisory Plan shall identify specific priorities for supervisory activities in order to promote consistent, efficient and effective supervisory practices, taking into account competent authorities’ necessary discretion in addressing national markets specificities, and the common, uniform and consistent application of Union law and to address relevant micro-prudential trends, potential risks and vulnerabilities identified in accordance with Article 32.
2018/09/14
Committee: ECON
Amendment 531 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 13 – point d – point ii
Regulation (EU) No 1093/2010
Article 30 – paragraph 2 – point a
(a) the adequacy of resources, the degree of independence, and governance arrangements of the competent authority, with particular regard to the effective and proportionate application of the Union acts referred to in Article 1(2) and the capacity to respond to market developments;;
2018/09/14
Committee: ECON
Amendment 546 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 15
Regulation (EU) No 1093/2010
Article 31a
(15) the following Article 31a is inserted: [...]deleted
2018/09/14
Committee: ECON
Amendment 593 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 16 – point b
Regulation (EU) No 1093/2010
Article 32 – paragraph 3a
3a. The Authority may require competent authorities to conduct specific reviews. It may request competent authorities to carry out on-site inspections, and may participate in such on-site inspections in accordance with Article 21 and subject to the conditions set out therein, in order to ensure comparability and reliability of methods, practices and results.;
2018/09/14
Committee: ECON
Amendment 622 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 18
Regulation (EU) No 1093/2010
Article 34 – paragraph 2
2. With regard to assessments under Article 22 of Directive 2013/36/EC, and which according to that Directive require consultation between competent authorities from two or more Member States, the Authority may, on application of one of the competent authorities concerned, issue and publish an opinion on such an assessment, except in relation to the criteria in Article 23(1)(e) of that Directive. The opinion shall be issued promptly and in any event before the end of the assessment period referred to in that Directive. Articles 35 and 35b shall apply to the areas in respect of which the Authority may issue an opinion.;
2018/09/14
Committee: ECON
Amendment 627 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Articles 35a to 35h
(20) the following Articles 35a to 35h are inserted: [...]deleted
2018/09/14
Committee: ECON
Amendment 630 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35b – paragraph 1
1. Where information requested under paragraph 1 or paragraph 5 of Article 35 is not available or is not made available within the time limit set by the Authority, it may by simple request or by decision require the following institutions and entities to provide all necessary information to enable the Authority to carry out its duties under this Regulation: (a) (b) a relevant financial institution; (c) within a financial group or conglomerate that are significant to the financial activities of the relevant financial institutions.deleted relevant financial institutions; holding companies or branches of non-regulated operational entities
2018/09/14
Committee: ECON
Amendment 638 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35b – paragraph 5
5. The authority shall send, without delay, a copy of the simple request or of its decision to the competent authority of the Member State where the relevant entity listed in paragraph 1 concerned by the request for information is domiciled or established.deleted
2018/09/14
Committee: ECON
Amendment 640 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35c – paragraph 1
1. Where, in carrying out its duties under this Regulation, the authority finds that there are serious indications of the possible existence of facts liable to constitute an infringement as referred to in Article 35d(1), the Authority shall appoint an independent investigation officer within the Authority to investigate the matter. The appointed officer shall not be involved or have been directly or indirectly involved in the direct or indirect supervision of the institutions or entities listed in Article 35b(1) and shall perform his or her functions independently from the Board of Supervisors.deleted
2018/09/14
Committee: ECON
Amendment 641 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35d – paragraph 1 – title
Finesdeleted
2018/09/14
Committee: ECON
Amendment 642 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35d – paragraph 1
1. The Authority shall adopt a decision to impose a fine where it finds that an institution or entity listed in Article 35b(1) has, intentionally or negligently, failed to provide information in response to a decision requiring information pursuant to Article 35b(3) or has provided incomplete, incorrect or misleading information in response to a simple request for information or a decision pursuant to Article 35b(2).deleted
2018/09/14
Committee: ECON
Amendment 645 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35d – paragraph 2
2. The basic amount of the fine referred to in paragraph 1 shall amount to at least EUR 50 000 and shall not exceed EUR 200 000.deleted
2018/09/14
Committee: ECON
Amendment 651 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 20
Regulation (EU) No 1093/2010
Article 35d – paragraph 5
5. Notwithstanding paragraphs 2 and 3, the total fine shall not exceed 20% of the annual turnover of the entity concerned in the preceding business year unless the entity has directly or indirectly benefitted financially from the infringement. In that case, the total fine shall be at least equal to that financial benefit.deleted
2018/09/14
Committee: ECON
Amendment 670 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point a a (new)
Regulation (EU) No 1093/2010
Article 37 – paragraph 4a (new)
(a a) the following paragraph 4a is inserted: “4a. The Banking Stakeholder Group shall establish a Technical Committee as a subgroup of the Banking Stakeholder Group, dealing with technical issues. The members of this Committee shall submit opinions and advice and shall have the sole decision making powers on technical issues in the Banking Stakeholder Group. Members of the Technical Committee of the Banking Stakeholder Group shall serve for a period of four years, following which a new selection procedure shall take place.”
2018/09/14
Committee: ECON
Amendment 671 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 22 – point b
Regulation (EU) No 1093/2010
Article 37 – paragraph 5 – subparagraph 1a
Where members of the Banking Stakeholder Group cannot reach a common opinion oragree on advice, theeach members representing one group of stakeholders shall be permitted to issue a separate opinion or separate advice.
2018/09/14
Committee: ECON
Amendment 677 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 23
1. The Authority shall act in accordance with paragraphs 2 to 6 when adopting decisions provided for in this Regulation save for those decisions adopted in accordance with Articles 35b, 35d and 35e.
2018/09/14
Committee: ECON
Amendment 777 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 34
Regulation (EU) No 1093/2010
Article 47 – paragraph 3 – subparagraph 2
For the purposes of Articles 17, 19, 22, 29a, 30, 31a, 32 and 35b to 35h, the Executive Board shall be competent to act and to take decisions. The Executive Board shall keep the Board of Supervisors informed of the decisions it takes.
2018/09/14
Committee: ECON
Amendment 843 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 45
Regulation (EU) No 1093/2010
Article 63 – paragraph 5
5. The Executive Board shall, without delay, notify the budgetary authority of its intention to implement any project which may have significant financial implications for the funding of its budget, in particular any project relating to property, such as the rental or purchase of buildings.; The costs of these projects shall be carried equally by the general budget and financial institutions.
2018/09/14
Committee: ECON
Amendment 857 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 55
Regulation (EU) No 1093/2010
Article 75a – paragraph 2
2. The power to adopt delegated acts referred to in Article 35c and Article 62a shall be conferred for an indeterminate period of time.
2018/09/14
Committee: ECON
Amendment 858 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 55
3. The delegation of power referred to in Article 35c and Article 62a may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.
2018/09/14
Committee: ECON
Amendment 861 #

2017/0230(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 55
Regulation (EU) No 1093/2010
Article 75a – paragraph 6
6. A delegated act adopted pursuant to Article 35c or Article 62a shall enter into force only if no objection has been expressed either by the European Parliament or the Council within a period of three months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by three months at the initiative of the European Parliament or the Council.;
2018/09/14
Committee: ECON
Amendment 104 #

2017/0225(COD)

Proposal for a regulation
Recital 5 a (new)
(5 a) Due to the specific position of small and medium sized enterprises and with regard to the crucial role they play in the economy of the Union, requirements for EU-wide certification, which might put an exceedingly high burden on these enterprises and which are not crucial to critical infrastructures, have to be regarded with caution and/or have to be rejected.
2018/04/30
Committee: ITRE
Amendment 119 #

2017/0225(COD)

Proposal for a regulation
Recital 19
(19) The Agency should contribute to an EU level response in case of large-scale cross-border cybersecurity incidents and crises. This function should include gathering relevant information and acting as facilitator between the CSIRTs Network and the technical community as well as decision makers responsible for crisis management. Furthermore, the Agency could support the handling of incidents from a technical perspective by facilitating relevant technical exchange of solutions between Member States and by providing input into public communications. The Agency should support the process by testing modalities of such cooperation through yearly cybersecurity exercises. The national competences of the Member States regarding issues of specific national interest should be respected by the Agency.
2018/04/30
Committee: ITRE
Amendment 197 #

2017/0225(COD)

Proposal for a regulation
Recital 68 a (new)
(68a) ICT products and services are consumer products for electronic communications as well as other networked consumer products and products closely linked to consumers such as smart home products and smart meters that digitally collect and transmit information.
2018/04/30
Committee: ITRE
Amendment 200 #

2017/0225(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point a
(a) lays down the objectives, tasks and organisational aspects of ENISA, the "EU Cybersecurity Agency", hereinafter ‘the Agency’; and
2018/04/30
Committee: ITRE
Amendment 205 #

2017/0225(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point b
(b) lays down a framework for the establishment of European cybersecurity certification schemes for the purpose of ensuring an adequate level of cybersecurity of ICT products and services in the Union. Such framework shall apply without prejudice to specific provisions regarding voluntary or mandatory certification in other Union acts.; and
2018/04/30
Committee: ITRE
Amendment 208 #

2017/0225(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point b a (new)
(b a) c) protects the national interests and security of the Member States by respecting their competences regarding issues of specific national interest.
2018/04/30
Committee: ITRE
Amendment 260 #

2017/0225(COD)

Proposal for a regulation
Article 4 – paragraph 6
6. The Agency shall promote the use of certification, including by contributing to the establishment and maintenance of a cybersecurity certification framework at Union level in accordance with Title III of this Regulation, with a view to increasing transparency of cybersecurity assurance of ICT products and services and thus strengthen trust in the digital internal market, and without disregard for the specific sensibilities related to small and medium sized enterprises.
2018/04/30
Committee: ITRE
Amendment 331 #

2017/0225(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point a – point 3
(3) assisting small and medium sized enterprises by compiling and publishing guidelines and developing good practices concerning the cybersecurity requirements of ICT products and services, in cooperation with national certification supervisory authorities and the industry;
2018/04/30
Committee: ITRE
Amendment 187 #

2017/0143(COD)

Proposal for a regulation
Recital 1 a (new)
(1a) Whereas low investment levels are not necessarily bad, as it can signal low willingness to invest because of limited trust in the market or available investment opportunities, and as it can signal different time preferences of savers and investors;
2018/04/30
Committee: ECON
Amendment 214 #

2017/0143(COD)

Proposal for a regulation
Recital 4
(4) The Capital Markets Union (CMU) willcould help mobilise capital in Europe and channel it to all companies, including small and medium enterprises, infrastructure and long term sustainable projects that need it to expand and create jobsdevelop and innovate. One of the main objectives of the CMU is to increase investment and choices for retail investors by putting European savings to better use.
2018/04/30
Committee: ECON
Amendment 221 #

2017/0143(COD)

Proposal for a regulation
Recital 10
(10) Among personal pension products, the development of a PEPP willcould contribute to increasing choices for retirement saving and establish an EU market for PEPP providers. It willshould provide households with better options to meet their retirement goals.
2018/04/30
Committee: ECON
Amendment 225 #

2017/0143(COD)

Proposal for a regulation
Recital 11
(11) A legislative framework for a PEPP willcould lay the foundations for a successful market in affordable and voluntary retirement-related investments that can be managed on a pan-European scale. By complementing the existing pension products and schemes, it willshould contribute to meeting the needs of people wishing to enhance the adequacy of their retirement savings, addressing the demographical challenge and providing a powerful new source of private capital for long-term investment. This framework will not replace or harmonise existing national personal pension schemes.
2018/04/30
Committee: ECON
Amendment 227 #

2017/0143(COD)

Proposal for a regulation
Recital 12
(12) The Regulation harmonises a set of core features for the PEPP, which concern key elements such as distribution, investment policy, provider switching, or cross-border provision and portability. The harmonisation of these core features willshould improve the level playing field for personal pension providers at large and help boost the completion of the CMU and the integration of the internal market for personal pensions. It will lead to the creation of a largely standardised pan- European product, available in all Member States, empowering consumers to make full use of the internal market by transferring their pension rights abroad and offering a broader choice between different types of providers, including in a cross- border way. As a result of fewer barriers to the provision of pension services across borders, a pan- European Personal Pension Product willshould increase competition between providers on a pan-European basis and create economies of scale that should benefit savers.
2018/04/30
Committee: ECON
Amendment 254 #

2017/0143(COD)

Proposal for a regulation
Recital 21
(21) In order to allow a smooth transition for PEPP providers, the obligation of providing PEPPs comprising compartments for each Member State will apply three years after the entry into force of this Regulation. However, upon launching a PEPP, the provider should provide information on which national compartments are immediately available, in order to avoid a possible misleading of consumers. If a PEPP saver moves to another Member State and if no compartment for the Member State is available, the PEPP provider should make it possible for the PEPP saver to switch for an amount of maximum € 150 to another PEPP provider which provides a compartment for that Member State.
2018/04/30
Committee: ECON
Amendment 511 #

2017/0143(COD)

Proposal for a regulation
Article 13 – paragraph 3
3. Three years at the latest after the entry into application of this Regulation, eEach PEPP shall offer national compartments for allwithin one or more Member States upon request addressed to the PEPP provider.
2018/04/30
Committee: ECON
Amendment 523 #

2017/0143(COD)

Proposal for a regulation
Article 14 – paragraph 1
Without prejudice to the deadline under Article 13(3), PEPP providers shall ensure that within each individual PEPP account a new compartment could be opened, corresponding to the legal requirements and conditions for using incentives fixed at national level for the PEPP by the Member State to which the PEPP saver moves. Where the PEPP saver changes his domicile by moving to a Member State for which the PEPP provider is not able to offer a compartment, the PEPP saver shall be able to switch PEPP provider for an amount of maximum € 150 upon his change of domicile.
2018/04/30
Committee: ECON
Amendment 689 #

2017/0143(COD)

Proposal for a regulation
Article 28 – paragraph 1 – point e
(e) aA breakdown of the costs deducted by the PEPP provider at least over the last 12 months, indicating the costs of administration, costs of safekeeping of assets, costs related to portfolio explicit transactions and other costs, as well as an estimation of the impact of the costs on the final benefits.
2018/04/30
Committee: ECON
Amendment 767 #

2017/0143(COD)

Proposal for a regulation
Article 37 – paragraph 1
1. The default investment option shall ensure capital protection for the PEPP saver, on the basis of a risk-mitigation technique that results in a safeon the basis of a risk-mitigation technique that the PEPP saver will be able to recoup the invested capital. A mechanism which guarantees full capital protection shall not be a mandatory feature of the default investment option. Each provider is free to choose the type of risk-mitigation technique that will be included within the default investment strategyoption.
2018/04/30
Committee: ECON
Amendment 845 #

2017/0143(COD)

Proposal for a regulation
Article 48 – paragraph 3
3. The totalrespective fees and charges applied by the transferring PEPP provider to the PEPP saver for the closure of the PEPP account held with it shall be limited to no more than 1.5 %€ 150 of the positive balance to be transferred to the receiving PEPP provider.
2018/04/30
Committee: ECON
Amendment 859 #

2017/0143(COD)

Proposal for a regulation
Article 52 – paragraph 1 – introductory part
1. By taking into account the impact on the availability of national tax incentives, PEPP providers may make available to PEPP savers one or more of the following forms of out-payments:
2018/04/30
Committee: ECON
Amendment 877 #

2017/0143(COD)

Proposal for a regulation
Article 52 – paragraph 2
2. The choice of the form of out- payments for the decumulation phase shall be exercised by PEPP savers upon conclusion of a PEPP contract and can be changed once every five years thereafter duringat the end of the accumulation phase, if applicable.
2018/04/30
Committee: ECON
Amendment 29 #

2017/0138(CNS)

Proposal for a directive
Recital 2
(2) Member States find it increasingly difficult to protect their national tax bases from erosionare becoming more vulnerable to base erosion and profit shifting (BEPS) as tax planning structures have evolved to be particularly sophisticated and often take advantage of the increased mobility of both capital and persons within the internal market. These structures commonly consist of arrangements which are developed across various jurisdictions and move taxable profits towards more beneficial tax regimes or have the effect of reducing the taxpayer´s overall tax bill. As a result, Member States often experience considerable reductions in their tax revenues which hinder them from applying growth-friendly tax policies. It is therefore criticauseful that Member States' tax authorities obtain comprehensive and relevant information about potentially aggressive tax arrangements. This information would enable those authorities to be able to promptly react against harmful tax practices and to close loopholes through enacting legislation or by undertaking adequate risk assessments and carrying out tax audits.
2017/12/18
Committee: ECON
Amendment 32 #

2017/0138(CNS)

Proposal for a directive
Recital 3
(3) Considering that most of the potentially aggressive tax planning arrangements span across more than one jurisdiction, the disclosure of information about those arrangements would bring additional positive results where that information was also exchanged amongst Member States. In particular, the automatic exchange of relevant information between tax administrations is crucial in order to provide these authorities with the necessary information to enable them to take action where they observediscover aggressive tax practices.
2017/12/18
Committee: ECON
Amendment 39 #

2017/0138(CNS)

Proposal for a directive
Recital 6
(6) The disclosure of potentially aggressive tax planning arrangements of a cross-border dimension can contribute effectively to the efforts for creating an environment of fair and efficient taxation in the internal market. In this light, an obligation on intermediaries to inform tax authorities on certain cross-border arrangements that could potentially be used for tax avoidance purposes wcould be constitute a step in the right directionidered. In order to develop a more comprehensive policy, it would also be significant that as a second step, following disclosure, the tax authorities share relevant information with their peers in other Member States. Such arrangements should also enhance the effectiveness of the CRS. In addition, it would be crucial to grant the Commission access to a sufficient amount of information so that it can monitor the proper functioning of this Directive. Such access to information by the Commission does not discharge a Member State from its obligations to notify any state aid to the Commission.
2017/12/18
Committee: ECON
Amendment 48 #

2017/0138(CNS)

Proposal for a directive
Recital 7
(7) It is acknowledged that the disclosure of potentially aggressive cross- border tax planning arrangements would stand a better chance of achieving its envisaged deterrent effect where the relevant information reached the tax authorities at an early stage, in other words before the disclosed arrangements are actually implemented. Where the disclosure obligation is shifted to taxpayers, it would be practical to place the obligation to disclose those potentially aggressive cross-border tax planning arrangements at a slightly later stage, as taxpayers may not be aware of the nature of the arrangements at the time of the inception. To facilitate Member States' administrations, the subsequent automatic exchange of information on these arrangements could take place at least biannually, preferably every quarter.
2017/12/18
Committee: ECON
Amendment 52 #

2017/0138(CNS)

Proposal for a directive
Recital 8
(8) To ensure the proper functioning of the internal market and to prevent loopholes in the proposed framework of rules, the obligation for disclosure should be placed upon all actors that are usually involved in designing, marketing, organising or managing the implementation of a reportable cross- border transaction or a series thereof as well as those who provide assistance or advice. It should not be ignored either that in certain cases, the obligation to disclose would not be enforceable upon an intermediary due to a legal professional privilege or where there is no intermediary because, for instance, the taxpayer designs and implements a scheme in-house. It would thus be crucial that, in such circumstances, tax authorities do not lose the opportunity to receive information about tax-related arrangements that are potentially linked to aggressive tax planning. It would therefore be necessary to shift the disclosure obligation to the taxpayer who benefits from the arrangement in these cases.deleted
2017/12/18
Committee: ECON
Amendment 54 #

2017/0138(CNS)

Proposal for a directive
Recital 9
(9) Aggressive tax planning arrangements have evolved over the years to become increasingly more complex and are always subject to constant modifications and adjustments as a reaction to defensive counter-measures by the tax authorities. Taking this into consideration, it would be more effective to endeavour to capture potentially aggressive tax arrangements through the compiling of a list of the features and elements of transactions that present a strong indication of tax avoidance or abuse rather than to define the concept of aggressive tax planning. These indications are referred to as 'hallmarks'For the sake of legal certainty, a clear definition of the term "aggressive tax planning" is necessary.
2017/12/18
Committee: ECON
Amendment 62 #

2017/0138(CNS)

Proposal for a directive
Recital 11
(11) Considering that the disclosed arrangements should have a cross-border dimension, it would be important to share the relevant information with the tax authorities in other Member States in order to ensure the maximum effectiveness of this Directive in deterring aggressive tax planning practices. The mechanism for the exchange of relevant information in the context of advance cross-border rulings and advance pricing arrangements shcould also be used to accommodate the mandatory and automatic exchange of disclosed relevant information on potentially aggressive cross-border tax planning arrangements amongst tax authorities in the Union.
2017/12/18
Committee: ECON
Amendment 65 #

2017/0138(CNS)

Proposal for a directive
Recital 12
(12) In order to facilitate the automatic exchange of relevant information and enhance the efficient use of resources, exchanges should be carried out through the common communication network (CCN) developed by the Union. In this context, information would be recorded on a secure central directory on administrative cooperation in the field of taxation. Member States shcould have to implement a series of practical arrangements, including measures to standardise the communication of all requisite relevant information through creating a standardized form. This should also involve specifying the linguistic requirements for the envisaged exchange of information and accordingly upgrading the CCN.
2017/12/18
Committee: ECON
Amendment 67 #

2017/0138(CNS)

Proposal for a directive
Recital 13
(13) In order to improve the prospects for effectiveness of this Directive, Member States shcould lay down penalties against the violation of national rules that implement this Directive and ensure that these penalties actually apply in practice, that they are proportionate and have a dissuasive effect.
2017/12/18
Committee: ECON
Amendment 70 #

2017/0138(CNS)

Proposal for a directive
Recital 14
(14) In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in connection with updating the hallmarks in order to include in the list of hallmarks potentially aggressive tax planning arrangements or series of arrangements in response to updated information on those arrangements or series of arrangements which is derived from the mandatory disclosure of such arrangements.deleted
2017/12/18
Committee: ECON
Amendment 74 #

2017/0138(CNS)

Proposal for a directive
Recital 15
(15) In order to ensure uniform conditions for the implementation of this Directive and in particular for the automatic exchange of information between tax authorities, implementing powers should be conferred on the Commission to adopt a standard form with a limited number of components, including the linguistic arrangements. For the same reason, implementing powers should also be conferred on the Commission to adopt the necessary practical arrangements for upgrading the central directory on administrative cooperation in the field of taxation. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council28 . _________________ 28 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).deleted
2017/12/18
Committee: ECON
Amendment 59 #

2017/0063(COD)

Proposal for a directive
Recital 4
(4) Moreover, providing NCAs with the power to obtain all information related to the undertaking subject to the investigation in digital form irrespective of the medium on which it is stored, should also affect the scope of the NCAs’ powers when, at the early stages of proceedings, they take the relevant investigative measure also on the basis of the national competition law provisions applied in parallel to Articles 101 and 102 TFEU. Providing NCAs with inspection powers of a different scope depending on whether they will ultimately apply only national competition law provisions or also Articles 101 and 102 TFEU in parallel would hamper the effectiveness of competition law enforcement in the internal market. Accordingly, the scope of the Directive should cover both the application of Articles 101 and 102 TFEU on a stand- alone basis and the application of national competition law applied in parallel to the same case. This is with the exception of the protection of leniency statements and settlement submissions which also extends to national competition law applied on a stand-alone basis.
2017/11/06
Committee: ECON
Amendment 61 #

2017/0063(COD)

Proposal for a directive
Recital 5
(5) NCertain shortcomings in national law could prevents many NCAs from having the necessary guarantees of independence and enforcement and fining powers to be able to enforce these rules effectively. This undermines their ability to effectively apply Articles 101 and 102 TFEU and national competition law provisions in parallel to Articles 101 and 102 TFEU as appropriate. For example, under national law many NCAs do not have effective tools to find evidence of infringements of Articles 101 and 102 TFEU, to fine companies which break the law or do not have the resources they need to effectively apply Articles 101 and 102 TFEU. This can prevent them from taking action at all or results in them limiting their enforcement action. The lack of operational tools and guarantees of many NCAs to effectively apply Articles 101 and 102 TFEU means that undertakings engaging in anti-competitive practices can face very different outcomes of proceedings depending on the Member States in which they are active: they may be subject to no enforcement at all under Articles 101 or 102 TFEU or to ineffective enforcement. For example, in some Member States, undertakings can escape liability for fines simply by restructuring. Uneven enforcement of Articles 101 and 102 TFEU and national competition law provisions applied in parallel to Articles 101 and 102 TFEU results in missed opportunities to remove barriers to market entry and to create more open competitive markets throughout the European Union where undertakings compete on their merits. Undertakings and consumers particularly suffer in those Member States where NCAs are less-equipped to be effective enforcers. Undertakings cannot compete on their merits where there are safe havens for anti-competitive practices, for example, because evidence of anti- competitive practices cannot be collected or because undertakings can escape liability for fines. They therefore have a disincentive to enter such markets and to exercise their rights of establishment and to provide goods and services there. Consumers based in Member States where there is less enforcement miss out on the benefits of effective competition enforcement. Uneven enforcement of Articles 101 and 102 TFEU and national competition law provisions applied in parallel to Articles 101 and 102 TFEU throughout Europe thus distorts competition in the internal market and undermines its proper functioning.
2017/11/06
Committee: ECON
Amendment 63 #

2017/0063(COD)

Proposal for a directive
Recital 6
(6) GCertain gaps and limitations in NCAs' tools and guarantees could potentially undermine the system of parallel powers for the enforcement of Articles 101 and 102 TFEU which is designed to work as a cohesive whole based on close cooperation within the European Competition Network. This system depends on authorities being able to rely on each other to carry out fact-finding measures on each other's behalf. However it does not work well when there are still NCAs that do not have adequate fact- finding tools. In other key respects, NCAs are not able to provide each other with mutual assistance. For example, in the majority of Member States, undertakings operating cross-border are able to evade paying fines simply by not having a legal presence in some of the territories of Member States in which they are active. This reduces incentives to comply with Articles 101 and 102 TFEU. The resulting ineffective enforcement distorts competition for law-abiding undertakings and undermines consumer confidence in the internal market, particularly in the digital environment.
2017/11/06
Committee: ECON
Amendment 66 #

2017/0063(COD)

Proposal for a directive
Recital 10
(10) Conversely, detailedclear and comprehensive rules are necessary in the area of conditions for granting leniency for secret cartels. Companies will only come clean about secret cartels in which they have participated if they have sufficient legal certainty about whether they will benefit from immunity from fines. The marked differences between the leniency programmes applicable in the Member States lead to legal uncertainty for potential leniency applicants, which may weaken their incentives to apply for leniency. If Member States could implement or apply either less or more restrictive rules for leniency in the area covered by this Directive, this would not only go counter to the objective of maintaining incentives for applicants in order to render competition enforcement in the Union as effective as possible, but would also risk jeopardising the level playing field for undertakings operating in the internal market. This does not prevent Member States from applying leniency programmes that do not only cover secret cartels, but also other infringements of Articles 101 and 102 TFEU and equivalent national provisions.
2017/11/06
Committee: ECON
Amendment 107 #

2017/0063(COD)

Proposal for a directive
Recital 36
(36) The differences between leniency programmes at Member State level also jeopardise the level playing field for undertakings operating in the internal market. It is therefore appropriate to increase legal certainty by reducing these differenceincreased cooperation between NCAs.
2017/11/06
Committee: ECON
Amendment 147 #

2017/0063(COD)

Proposal for a directive
Article 5 – paragraph 1
1. Member States shall ensure that national competition authorities have the human, financial and technical resources that are necessary for the effective performance of their duties and exercise of their powers when applying Articles 101 and 102 TFEU as defined in paragraph 2. This includes the right of national competition authorities to decide independently on the allocation of their resources and the required qualification of their staff.
2017/11/06
Committee: ECON
Amendment 222 #

2017/0063(COD)

Proposal for a directive
Article 16 – paragraph 2 – introductory part
2. Member States shall ensure that immunity can be granted only if the undertaking
2017/11/06
Committee: ECON
Amendment 224 #

2017/0063(COD)

Proposal for a directive
Article 16 – paragraph 2 – point c – point i
i. at the time the national competition authority receives the application, enables it to carry out a targeted inspection in connection with the secret cartel, provided that the national competition authority did not yet have in its possession evidence to carry out an inspection in connection with the secret cartel or had not already carried out such an inspection; or
2017/11/06
Committee: ECON
Amendment 234 #

2017/0063(COD)

Proposal for a directive
Article 21 – paragraph 3
3. Member States shall ensure that national competition authorities refrain from requesting from the applicant any information related to the alleged infringement covered by the summary application beyond the items set out in paragraph 2 before they require the submission of a full application pursuant to paragraph 6.deleted
2017/11/06
Committee: ECON
Amendment 236 #

2017/0063(COD)

Proposal for a directive
Article 21 – paragraph 6
6. Member States shall ensure that applicants have the opportunity to submit full leniency applications, perfecting the summary applications referred to in paragraph 1, to the national competition authorities concerned, once the Commission has informed those authorities that it does not intend to act on the case in whole or in part. The Commission will keep the national competition authorities concerned informed on a regular basis about the state of play and come to the aforementioned decision without undue delay. Member States shall ensure that national competition authorities have the power to specify a reasonable period of time within which the applicant must submit the full application together with the corresponding evidence and information.
2017/11/06
Committee: ECON
Amendment 240 #

2017/0063(COD)

Proposal for a directive
Article 21 – paragraph 7
7. Member States shall ensure that if the applicant submits the full application in accordance with paragraph 6, within the period specified by the national competition authority, the information contained therein will be deemed to have been submitted at the date and time of the summary application. If the applicant had submitted the summary application no later than 5 working days after filing the leniency application to the Commission, the summary application will be deemed to have been submitted at the date and time of the leniency application submitted to the Commission.
2017/11/06
Committee: ECON
Amendment 256 #

2017/0063(COD)

Proposal for a directive
Article 29 – paragraph 1
1. IWithout prejudice to obligations to inform the public prosecutor of criminal offences as foreseen under national law, information collected on the basis of the provisions referred to in this Directive should only be used for the purpose for which it was acquired. It should not be used in evidence for the imposition of sanctions on natural persons.
2017/11/06
Committee: ECON
Amendment 33 #

2017/0048(COD)

Proposal for a regulation
Recital 23
(23) The coordination of economic policies within the Union and the euro area and the provision of information to economic agents within the single market requires comparable data on labour market developments including statistics on labour costs, earnings and on the number of occupied and vacant posts. In addition, lifelong learning is a key element in developing and promoting a skilled, trained and adapted workforce, and particular attention should be given to vocational training in enterprises as a crucial contributor to lifelong learning. Such data are mainly collected from businesses and should in the future be legislated and better integrated with other business statistics. Data on the level and composition of labour costs and on the structure and distribution of earninglabour costs are needed to assess medium-term developments of Union economies. Data on labour cost developments and job vacancies are neede and for the short–term monitoring of Union economies, including for monetary policy purposes. Data on enterprises' investment in continuing vocational training, the characteristics and volume of such training as well as information on enterprises' strategies for vocational training are needed to monitor the implementation of the Union's strategy for enhanced cooperation in vocational education and training.
2017/12/04
Committee: ITRE
Amendment 45 #

2017/0048(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point a
(a) surveys: obligatory and facultative reporting units called upon by the Member States shall be obliged to provide timely, accurate and complete information needed for the production of the statistics and the national statistical business registers required under this Regulation;
2017/12/04
Committee: ITRE
Amendment 51 #

2017/0048(COD)

Proposal for a regulation
Article 4 – paragraph 2
2. When the required statistics cannot be producedprovide adequate quality by means of the data sources referred to in paragraph 1 which comply with the quality criteria referred to in Article 16, Member States may use scientifically based and well documented statistical estimation and imputation methods to produce those statistics, provided that these statistical estimation and imputation methods comply with the quality criteria referred to in Article 16.
2017/12/04
Committee: ITRE
Amendment 64 #

2017/0048(COD)

Proposal for a regulation
Article 6 – paragraph 4 a (new)
4a. Delegated acts concerning subjects and characteristics covered by the topic Global value chains shall only be adopted provided that the necessary methodology was sufficiently developed by pilot studies and the corresponding pilot studies have been successfully completed. Before adopting a corresponding delegated act which includes the topic “Global Value Chains” the Commission has to inform all Member States comprehensively about the compliance with the above stipulated requirements.
2017/12/04
Committee: ITRE
Amendment 67 #

2017/0048(COD)

Proposal for a regulation
Article 6 – paragraph 5 – point a
(a) delegated acts aim at cost and burden neutrality or reduction and do not, in any case, impose a significant additional cost or burden on the Member States or on the respondents; the Commission shall only be allowed to exercise its power to adopt delegated acts under this regulation if it was sufficiently demonstrated that the additional overall financial burden for enterprises and Member States, through the adoption of all proposed delegated acts, combined, under this regulation, do not exceed 5% (inflation-adjusted) compared to the present regulations (EEC) No 3924/91, (EC) No 48/2004, (EC) No 716/2007, (EC) No 177/2008, (EC) No 295/2008, (EC) No 1165/1998, (EC) No 638/2004 (EC) No 808/2004 and Decision (EC) No 1608/2003 as well as the acts adopted on the basis of those regulations.
2017/12/04
Committee: ITRE
Amendment 69 #

2017/0048(COD)

Proposal for a regulation
Article 6 – paragraph 5 – point c
(c) delegated acts are adopted at least 158 months before the endfor the subject areas “Country level business statistics” and “Regional business statistics” and 24 months for the subject areas “Short-term business statistics” and “Statistics on international activities” before the start of the reference period of the data except for the topics of "Innovation" and "ICT usage and e- commerce" for which the delegated acts shall be adopted at least six and twelve months respectively before the endstart of the reference period of the data.
2017/12/04
Committee: ITRE
Amendment 72 #

2017/0048(COD)

Proposal for a regulation
Article 7 – paragraph 1 – introductory part
1. For the detailed topics listed in Annex I, Member States shall compile data relevant to each detailed topic. The Commission shall be empowered to adopt implementing acts for the purpose of further specifying the following elements of the data to be transmitted under this Regulation, their technical definitions and simplifications:; the Commission shall only be allowed to exercise its power to adopt implementing acts under this regulation if it was sufficiently demonstrated that the additional overall financial burden for enterprises and Member States, through the adoption of all proposed implementing acts, combined, under this regulation, do not exceed 5% (inflation-adjusted) compared to the present regulations (EEC) No 3924/91, (EC) No 48/2004, (EC) No 716/2007, (EC) No 177/2008, (EC) No 295/2008, (EC) No 1165/1998, (EC) No 638/2004 (EC) No 808/2004 and Decision (EC) No 1608/2003, as well as the acts adopted on the basis of those regulations.
2017/12/04
Committee: ITRE
Amendment 74 #

2017/0048(COD)

Proposal for a regulation
Article 7 – paragraph 2
2. WThen exercising the powers referred to in paragraph 1 w Commission shall only be allowed to exercise its powers referred to in paragraph 1 if it was sufficiently demonstrated that the additional overall financial burden for enterprises and Member States, through the adoption of all proposed implementing acts, combined, under this regulation, do not exceed 5% (inflation-adjusted) compared to the present regulations (EEC) No 3924/91, (EC) No 48/2004, (EC) No 716/2007, (EC) No 177/2008, (EC) No 295/2008, (EC) No 1165/1998, (EC) No 638/2004 (EC) No 808/2004 and Decision (EC) No 1608/2003, as well as the acts adopted on the basis of those regulations. With regard to the simplifications, the Commission shall take into account the size and importance of the business economies, in accordance with the principle of proportionality, in order to alleviate the burden on enterprises. In addition, the Commission shall ensure that the input needed for compiling the accounting frameworks of national and regional accounts according to Regulation (EC) No 549/2013 and of balance of payments statistics according to Regulation (EC) No 184/2005 is maintained. Implementing acts, except for those tha for the subject aregulate the first implementation of this Regulation, shall be adopted at least 15 monthsa “Country level business statistics” and for the subject area “Regional business statistics” shall be adopted at least 18 months and 24 months respectively before the endstart of the reference period of the data for the topics listed in Annex I. For the topics "Innovation" and "ICT usage and e- commerce" the implementing acts shall be adopted at least six and twelve months respectively before the endstart of the reference period of the data.
2017/12/04
Committee: ITRE
Amendment 78 #

2017/0048(COD)

Proposal for a regulation
Article 9 – paragraph 3 – point a
(a) delegated act does not impose a significant additional cost or burden on the Member States or on the respondent; the Commission shall only be allowed to exercise its power to adopt delegated acts under this regulation if it was sufficiently demonstrated that the additional overall financial burden for enterprises and Member States, through the adoption of all proposed delegated acts, combined, under this regulation, do not exceed 5% (inflation-adjusted) compared to the present regulations (EEC) No 3924/91, (EC) No 48/2004, (EC) No 716/2007, (EC) No 177/2008, (EC) No 295/2008, (EC) No 1165/1998, (EC) No 638/2004 (EC) No 808/2004 and Decision (EC) No 1608/2003, as well as the acts adopted on the basis of those regulations.
2017/12/04
Committee: ITRE
Amendment 80 #

2017/0048(COD)

Proposal for a regulation
Article 9 – paragraph 4 a (new)
4a. The Commission shall only be allowed to exercise its power to adopt implementing acts under this regulation if it was sufficiently demonstrated that the additional overall financial burden for enterprises and Member States, through the adoption of all proposed implementing acts, combined, under this regulation, do not exceed 5% (inflation-adjusted) compared to the present regulations (EEC) No 3924/91, (EC) No 48/2004, (EC) No 716/2007, (EC) No 177/2008, (EC) No 295/2008, (EC) No 1165/1998, (EC) No 638/2004 (EC) No 808/2004 and Decision (EC) No 1608/2003, as well as the acts adopted on the basis of those regulations.
2017/12/04
Committee: ITRE
Amendment 83 #

2017/0048(COD)

Proposal for a regulation
Chapter 5 – title
EXCHANGE and collection OF CONFIDENTIAL DATA FOR THE PURPOSE OF INTRA- UNION TRADE IN GOODS STATISTICS
2017/12/04
Committee: ITRE
Amendment 87 #

2017/0048(COD)

Proposal for a regulation
Article 16 – paragraph 3
3. The Commission (Eurostat) shall assess the quality of the data and metadata transmitted in a transparent and verifiable way.
2017/12/04
Committee: ITRE
Amendment 94 #

2017/0048(COD)

Proposal for a regulation
Article 19 – paragraph 1
1. Where the Commission (Eurostat) identifies a need for significant new data requirements or improvements to the data sets covered by this Regulation, it may launch in agreement with the national statistical institutes pilot studies to be carried out by the Member States on a voluntary basis before any new data collection.
2017/12/04
Committee: ITRE
Amendment 96 #

2017/0048(COD)

Proposal for a regulation
Article 21 – paragraph 2
2. The power to adopt delegated acts referred to in Articles 5, 6, 9 and 12 shall be conferred on the Commission for an indeterminate period of five years from [please insert exact date of entry into force of the Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of time. an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
2017/12/04
Committee: ITRE
Amendment 99 #

2017/0048(COD)

Proposal for a regulation
Article 21 – paragraph 2 a (new)
2a. The Commission shall duly justify the actions provided for in those delegated acts, conducting where appropriate cost- effectiveness analysis, including an assessment of the burden on respondents and of the production costs in accordance with Article 14(3) of Regulation (EC) No 223/2009.
2017/12/04
Committee: ITRE
Amendment 100 #

2017/0048(COD)

Proposal for a regulation
Article 21 – paragraph 2 b (new)
2b. The Commission shall only be allowed to exercise its power to adopt delegated acts under this regulation if it was sufficiently demonstrated that the additional overall financial burden for enterprises and Member States, through the adoption of all proposed delegated acts, combined, under this regulation, do not exceed 5% (inflation-adjusted) compared to the present regulations (EEC) No 3924/91, (EC) No 48/2004, (EC) No 716/2007, (EC) No 177/2008, (EC) No 295/2008, (EC) No 1165/1998, (EC) No 638/2004 (EC) No 808/2004 and Decision (EC) No 1608/2003, as well as the acts adopted on the basis of those regulations.
2017/12/04
Committee: ITRE
Amendment 101 #

2017/0048(COD)

Proposal for a regulation
Article 21 – paragraph 5
5. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council, to the Council and to the Official Journal of the European Union.
2017/12/04
Committee: ITRE
Amendment 102 #

2017/0048(COD)

Proposal for a regulation
Article 22 – paragraph 2 a (new)
2a. Where the Committee delivers no opinion, the Commission shall not adopt the draft implementing act and the third subparagraph of Art. 5 para 4 of Regulation (EU) No 182/2011 shall apply.
2017/12/04
Committee: ITRE
Amendment 13 #

2017/0017(COD)

Proposal for a regulation
Recital 1
(1) At the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) which took place in Paris from 30 November to 12 December 2015, an international agreement was adopted to strengthen the global response to climate change. The Paris Agreement, inter alia, sets out a long-term goal in line with the objective to keep the global temperature increase well below 2°C above pre- industrial levels and to pursue efforts to keep it to 1,5°C above pre-industrial levels. The Paris Agreement was approved on behalf of the Union by Council Decision (EU) 2016/1841. The Paris Agreement entered into force on 4th November 2016. In order to achieve the goal of the Paris Agreement, parties will prepare, communicate and maintain successive nationally determined contributions.
2017/06/07
Committee: ITRE
Amendment 20 #

2017/0017(COD)

Proposal for a regulation
Recital 3
(3) A binding target of at least a 40% domestic reduction in economy-wide greenhouse gas emissions by 2030 compared to 1990 was set by the European Council of 23-24 October 2014. The Council meeting on 6 March 2015 formally approved this contribution of the Union and its Member States as their Intended Nationally Determined Contribution under the Paris Agreement. The European Council conclusions of October 2014 foresaw that the target should be delivered collectively by the Union in the most cost- effectiveand its Member States in the most economical manner possible, with the reductions in the Emissions Trading System (ETS) and non- ETS sectors amounting to 43% and 30% by 2030 compared to 2005 respectively. All sectors of the economy should contribute to achieving these emission reductions.
2017/06/07
Committee: ITRE
Amendment 29 #

2017/0017(COD)

Proposal for a regulation
Recital 5
(5) In the light of the resolution adopted at ICAO's 39th Assembly in October 2016 on the implementation of a global market-based measure from 2021 to offset international aviation emissions above 2020 levels, it is considered appropriatenecessary to continue the existing derogation pending further progress on the design elements and the implementation of the global market- based measure. In this regard, the adoption of Standards and Recommended Practices by ICAO to complement that Resolution and implement the global system is planned for 2018. However, its concrete operationalisation will require action by ICAO parties at domestic level. Also, governance arrangements must be developed by ICAO, including a registry system. In this context, the current derogation of the EU ETS obligations for flights to and from third countries should be extended, subject to the review on implementing the ICAO scheme, in order to promote momentum in ICAO and facilitate the operationalisation of the ICAO scheme. As a result of the extension of the derogation, the amount of allowances to be auctioned and issued for free, including from the special reserve, should be the same as would correspond to 2016, and should be proportional to the reduction of the surrender obligation.
2017/06/07
Committee: ITRE
Amendment 31 #

2017/0017(COD)

Proposal for a regulation
Recital 6
(6) Given that key featureramework conditions of the global market-based measure have yet to be developed and that its implementation depends on domestic legislation by States and regions, it is considered appropriate for a review to take place once there is clarity about the nature and content and of these legal instruments in advance of the start of ICAO's global market-based measure, and a report submitted to the European Parliament and Council. That report should consider any standards or other instruments adopted through ICAO, the actions taken by third countries to implement the global market- based measure to apply to emissions from 2021 and other relevant international developments (e.g. rules under UNFCCC and the Paris Agreement on carbon markets and accounting). That report should consider how to implement these instruments in Union law through a revision of the EU ETS. It should also consider the rules applicable to intra-EEA flights as appropriate. That report should be accompanied by a proposal as appropriate to the European Parliament and the Council consistent with ensuring the contribution of aviation to the Union's 2030 economy-wide and most economical possible greenhouse gas reduction commitment.
2017/06/07
Committee: ITRE
Amendment 37 #

2017/0017(COD)

Proposal for a regulation
Recital 7
(7) In order to adopt non-legislative acts of general application to supplement or amend certain non-essential elements of a legislative act, the power to adopt acts in accordance with Article 290 of the Treaty should be delegated to the Commission to adopt measures for the monitoring, reporting and verification of emissions applicable to aircraft operators for the purpose of the global market-based measure being elaborated in ICAO. It is of particular importance that the Commission carries out appropriate consultations during its preparatory work, includingparticularly at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts, in order to make the decision-making process more transparent and more efficient.
2017/06/07
Committee: ITRE
Amendment 16 #

2016/2306(INI)

Motion for a resolution
Recital A
A. whereas the European Union's economy is recovering and growing at a moderate pace, but economic growth continues to be held back by legacies inherited from the crisis years and structural deficiencies;
2016/12/15
Committee: ECON
Amendment 25 #

2016/2306(INI)

Motion for a resolution
Recital B
B. whereas real GDP growth in 2016 is projected at 1.8 % for the EU and at 1.7 % for the euro area, and in 2017 at 1.6 %but according to the European Commission's autumn 2016 forecast for 2017, growth of only 1.6 % for the EU and 1.75 %, respectively for the euro area is expected;
2016/12/15
Committee: ECON
Amendment 33 #

2016/2306(INI)

Motion for a resolution
Recital C
C. whereas the employment rate is growing steadily, although at an insufficient pace, reducing unemployment in the euro area to 10.1 % in 2016, with a further reduction in 2017 according to the European Commission's autumn 2016 forecast; whereas, however, certain Member States continue to have substantially higher unemployment rates;
2016/12/15
Committee: ECON
Amendment 65 #

2016/2306(INI)

Motion for a resolution
Recital F
F. whereas some Member States still carry a very high sovereign debt; whereas according to the Commission's autumn 2016 forecast general government gross debt is diminishing slightly, even though some Member States show substantially higher debt levels;
2016/12/15
Committee: ECON
Amendment 81 #

2016/2306(INI)

Motion for a resolution
Recital G
G. whereas the EU requires important investment efforts to boost the growth potential and competitiveness of the Member States; whereas, however, Europe still has a significant investment gap by comparison with the pre-crisis level;
2016/12/15
Committee: ECON
Amendment 95 #

2016/2306(INI)

Motion for a resolution
Recital H
H. whereas the EU’s insufficientdeclining level of global competitiveness and productivity calls forrequires comprehensive efforts in the Member States to implement structural reforms, in the Member Statvestments and responsible fiscal policies, in order to bring aboutachieve sustainabled growth;
2016/12/15
Committee: ECON
Amendment 126 #

2016/2306(INI)

Motion for a resolution
Paragraph 2
2. Notes that growth in 2016 is continuing at a positive moderate pace, surpassing the pre-crisis level, even though according to the Commission's 2016 autumn forecast the growth prospects for 2017 are slightly lower than the previous year's level; believes, howevertherefore, that there is no time for complacency, and that this moderate recoverygrowth requires relentless efforts if it is tofurther efforts in order to bring about a recovery of the European economy and achieve greater resilience;
2016/12/15
Committee: ECON
Amendment 144 #

2016/2306(INI)

Motion for a resolution
Paragraph 3
3. Finds that while unemployment is, on average, gradually decreasing, and that activity rates are growing, structural deficiencies persist in the labour markets in some Member States;
2016/12/15
Committee: ECON
Amendment 155 #

2016/2306(INI)

Motion for a resolution
Paragraph 4
4. Agrees with the Commission that access to finance is crucial for businesses to growan essential precondition in order for businesses to grow and operate innovatively;
2016/12/15
Committee: ECON
Amendment 207 #

2016/2306(INI)

Motion for a resolution
Paragraph 7
7. Stresses that a step-by-step completionthe resilience of the Bbanking Union shall aim at increasing resilience in the banking sector and contributing toindustry needs to be increased and that the Member States must eliminate the remaining weaknesses in order to increase investment and financial stability;
2016/12/15
Committee: ECON
Amendment 269 #

2016/2306(INI)

Motion for a resolution
Paragraph 11
11. Agrees thatReaffirms that the Member States must encourage structural reforms in product, services and labour markets remain a priority in the Member States;
2016/12/15
Committee: ECON
Amendment 284 #

2016/2306(INI)

Motion for a resolution
Paragraph 12
12. Considers thatObserves that Member States which have well-functioning, flexible labour markets or have initiated labour market reforms in sufficient time contribute to greater work intensity and have proven to be quicker to recover from the economic downturn;
2016/12/15
Committee: ECON
Amendment 340 #

2016/2306(INI)

Motion for a resolution
Paragraph 16
16. Agrees that high taxation is a hindrance to investments and jobs; calls for reforms in taxation with a view to tackling the high tax burden on labour in Europe; stresses furthermore that in some Member States taxation needs to be improved, tax evasion and avoidance need to be combated and the coordination of measures to combat aggressive tax planning and tax evasion and avoidance needs to be improved;
2016/12/15
Committee: ECON
Amendment 417 #

2016/2306(INI)

Motion for a resolution
Paragraph 22
22. Welcomes the reduction in average public deficits, but agrees; confirms, however, that aggregate pictures hide significant disparities across the Member States and that in the medium term the establishment of structural deficits with a view to responsible and sustainable budgetary policies can result in fiscal uncertainties;
2016/12/15
Committee: ECON
Amendment 21 #

2016/2274(INI)

Draft opinion
Paragraph 2
2. Recognises the strategic importance for Europe's economic development of ICT standardisation and calls on the Commission to support an EU presence in international ICT fora, chiefly ISO, IEC and ITU;
2017/02/10
Committee: ITRE
Amendment 48 #

2016/2274(INI)

Draft opinion
Paragraph 4
4. Asks the Commission to rationalise the number of platforms and coordination mechanisms and to incorporate the existing recognised standardisation bodies (i.e. the ESOs) in the new initiatives in order to avoid an additional administrative burden, particularly for SMEs, thus ensuring greater efficiency;
2017/02/10
Committee: ITRE
Amendment 64 #

2016/2274(INI)

Draft opinion
Paragraph 5
5. Encourages the European adoption of the Reference Architecture Model for Industry 4.0 (RAMI);
2017/02/10
Committee: ITRE
Amendment 71 #

2016/2274(INI)

Draft opinion
Paragraph 6
6. UStresses that digitalisation is proceeding at a rapid pace and is a major driver of the economy; underlines the importance of effective digitalisation of vertical industries and the need to represent their concerns appropriately in international ICT standardisation;
2017/02/10
Committee: ITRE
Amendment 94 #

2016/2274(INI)

Draft opinion
Paragraph 9
9. Highlights the factStresses the importance of thate timely delivery is crucialprovision of standards;
2017/02/10
Committee: ITRE
Amendment 117 #

2016/2274(INI)

Draft opinion
Paragraph 13
13. Notes the need for an evidence- based approach to monitoring and further developing the licensing framework in order to ensure a dynamic ecosystem, investment- friendly and competitive economic environment;
2017/02/10
Committee: ITRE
Amendment 121 #

2016/2274(INI)

Draft opinion
Paragraph 14
14. Calls on the Commission to ensure the efficient settlement of disputes, to support return on, and sustainability of, investment and to ensure wide access to standardised technology;
2017/02/10
Committee: ITRE
Amendment 4 #

2016/2273(INI)

Draft opinion
Paragraph 1
1. Believes that the development of eGovernment is a key element of the Digital Single Market; welcomes the Commission Communication entitled ‘EU eGovernment Action Plan 2016-2020’; supports the underlying principles of the Action Plan, which willin order to make public administrations more inclusive, trustworthy and efficient, providing open and interlinked digital services; welcomes the fact that administrative burdens and costs will be reduced by adopting the once-only principle;
2017/01/19
Committee: ITRE
Amendment 6 #

2016/2273(INI)

Draft opinion
Paragraph 1
1. Believes that the development of eGovernment is a key element of the Digital Single Market; welcomes the Commission Communication entitled ‘EU eGovernment Action Plan 2016-2020’; supports the underlying principles of the Action Plan, which will make public administrations more inclusive, trustworthy and efficient, providing open and interlinked digital services; welcomes the fact that administrative burdens and costs will be reduced by adopting the once-only principle, which, in turn, enhances service quality for citizens;
2017/01/19
Committee: ITRE
Amendment 7 #

2016/2273(INI)

Draft opinion
Paragraph 1
1. Believes that the development of eGovernment is a key element of the Digital Single Market and will make interaction between authorities and citizens easier; welcomes the Commission Communication entitled ‘EU eGovernment Action Plan 2016-2020’; supports the underlying principles of the Action Plan, which will make public administrations more inclusive, trustworthy and efficient, providing open and interlinked digital services; welcomes the fact that administrative burdens and costs will be reduced by adopting the once-only principle;
2017/01/19
Committee: ITRE
Amendment 32 #

2016/2273(INI)

Draft opinion
Paragraph 2
2. Stresses that adequate, reliable and high-performance infrastructure, such as ultrafast broadband and telecommunications networks, are essential for the functioning of eGovernment services; notes that the continuous adoption of European innovative technologies, such as big data and the internet of things or the uptake of mobile services for eGovernment will be essential for keeping up with technological development;
2017/01/19
Committee: ITRE
Amendment 47 #

2016/2273(INI)

Draft opinion
Paragraph 4
4. Considers the re-use of the Connecting Europe Facility (CEF) technical building blocks across the public and private sector to be vital for the functioning of the Digital Service Infrastructure; underlines the need to guarantee the long-term sustainability of CEF technical building blocks as well as the results from ‘Large-Scale Pilot’ projects and ISA2 beyond 2020; calls therefore on the Commission together with the Member States to develop a long- term governance structure;deleted
2017/01/19
Committee: ITRE
Amendment 57 #

2016/2273(INI)

Draft opinion
Paragraph 5
5. Recalls that public administrations should have open data by default especially when the volume of data generated is very large, such as in the case of the INSPIRE programme; stresses the importance of making data and services securely available for re-use through authorised third parties; highlights the vital role that public-private partnerships and the private sector can play in developing new and innovative services and solutions;
2017/01/19
Committee: ITRE
Amendment 58 #

2016/2273(INI)

Draft opinion
Paragraph 5
5. Recalls that public administrations should have open data by default especially when the volume of data generated is very large, such as in the case of the INSPIRE programme; stresses the importance of making data and services securely available for re- use through third parties; highlights the vital role that public-private partnerships and the private sector can play in developing new and innovative services and solutions;
2017/01/19
Committee: ITRE
Amendment 65 #

2016/2273(INI)

Draft opinion
Paragraph 6
6. Believes the Commission can play a leading role in creating a more open and inclusive eGovernment approach; therefore calls for the Commission to accelerate its efforts in leading by example, and for other European institutions to follow swiftly; believes that adoption by the Commission of the provisions of the CEF building blocks can facilitate trust and a cultural shift towards the uptake of digital public services.
2017/01/19
Committee: ITRE
Amendment 69 #

2016/2273(INI)

Draft opinion
Paragraph 6
6. Believes the Commission can play a leading role in creating a more open, sustainable and inclusive eGovernment approach; therefore calls for the Commission to accelerate its efforts in leading by example, and for other European institutions to follow swiftly; believes that adoption by the Commission of the provisions of the CEF building blocks can facilitate trust and a cultural shift towards the uptake of digital public services.
2017/01/19
Committee: ITRE
Amendment 14 #

2016/2271(INI)

Motion for a resolution
Recital A
A. whereas energetic efforts to reindustrialise Europe must be pursued with the aim of combining competitiveness and, sustainability and productivity;
2017/02/02
Committee: ITRE
Amendment 21 #

2016/2271(INI)

Motion for a resolution
Recital B
B. whereas digitalisation will transform manufacturing, impacting fundamentally the balance of opportunities and challenges for European industries;(Does not affect the English version.)
2017/02/02
Committee: ITRE
Amendment 55 #

2016/2271(INI)

Motion for a resolution
Recital H
H. whereas there is widespread concern as regards the labour market effects of digitalisation in industrial manufacturing as well as its possible effects on the workplace democracy and regional development;
2017/02/02
Committee: ITRE
Amendment 96 #

2016/2271(INI)

Motion for a resolution
Paragraph 2 – point f
(f) Strengthening economic, policy and social innovation through the principles of openness and accessibility of public and private data and information;
2017/02/02
Committee: ITRE
Amendment 161 #

2016/2271(INI)

Motion for a resolution
Paragraph 6
6. Highlights in this context the need to advance investment in connectivity through 5G and fibre optics as an instrument for convergence and ensuring a robust digital infrastructural backbone for Europe’s industry, which in turn will assist SMEs;
2017/02/02
Committee: ITRE
Amendment 187 #

2016/2271(INI)

Motion for a resolution
Paragraph 8 – point a (new)
(a) Stresses in this context that the establishment of a Knowledge and Innovation Community in the area of added-value manufacturing by the European Institute of Innovation and Technology (EIT), during the current programme period, is of great importance;
2017/02/02
Committee: ITRE
Amendment 191 #

2016/2271(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the establishment of the Smart Specialisation Platform for Industrial Modernisation and particularly the Commission’s proposal for Digital Innovation Hubs (DIH) to strengthen industrial digitalisation and digital innovation for SMEs; calls on the Commission to increase the funding for the DIH;
2017/02/02
Committee: ITRE
Amendment 230 #

2016/2271(INI)

Motion for a resolution
Paragraph 13
13. Asks the Commission to enforce minimum thresholds for EU-based research and development (R&D) of companies applying for research funding;deleted
2017/02/02
Committee: ITRE
Amendment 237 #

2016/2271(INI)

Motion for a resolution
Paragraph 14
14. Highlights the fact that external foreign direct investment (FDI) has shown a growing interest in acquiring sensitive European technologies via M&A; calls on the Commission to study the CFIUS (Committee on Foreign Investment in the United States) experience in order to learn from it and develop appropriate measures;
2017/02/02
Committee: ITRE
Amendment 248 #

2016/2271(INI)

Motion for a resolution
Paragraph 15 – point 1 (new)
(1) Points up the fact that reliable data protection and maximum network security are key requirements to be met by modern electronic communications; states that both must be part of inclusive digitisation, which has huge potential in the areas of education and training and innovative business opportunities, in particular for SMEs, and in general facilitates a new dimension of social interaction;
2017/02/02
Committee: ITRE
Amendment 304 #

2016/2271(INI)

Motion for a resolution
Paragraph 23
23. Stresses that Europe faces a digital gap in terms of skills; calls for the implementation of a skills guarantee and the right to (re-)training and life-long- learning; emphasises the importance of ensuring the promotion of digital skills; calls on industry to grant employees a ‘digital sabbatical’; asks the Commission to launch a pan-European up-skilling initiative;
2017/02/02
Committee: ITRE
Amendment 1 #

2016/2269(INI)

Draft opinion
Recital A
A. whereas inequality is usually approached merely as a social problem or, worse, as a social consideration, which can be harmful for good economic policy design; whereas although in some economic theories inequality concerns are set against efficiency, we on the contrary would argue that equality policies can help foster growth and job creation; whereas equality can, under the right conditions, be both a cause and a consequence of good economic performance;deleted
2017/07/03
Committee: ECON
Amendment 11 #

2016/2269(INI)

Draft opinion
Recital A a (new)
A a. Whereas inequality is not a good indicator of economic performance and growth perspectives for the working poor;
2017/07/03
Committee: ECON
Amendment 15 #

2016/2269(INI)

Draft opinion
Recital A b (new)
A b. Whereas the root causes of people lagging behind on the social ladder are financial illiteracy and high indebtedness, as well as centralist public policies;
2017/07/03
Committee: ECON
Amendment 19 #

2016/2269(INI)

Draft opinion
Recital B
B. whereas public and private investment areis a key elements of any policy geared towards reducing inequality;
2017/07/03
Committee: ECON
Amendment 35 #

2016/2269(INI)

Draft opinion
Paragraph 1
1. Points out that investment creates jobs and that unemployment is obviously one of the mainf the causes of inequality both between the employed and unemployed, but also among workers themselves; notes that it is well known that high levels of unemployment exert downward pressure on wages and working conditionemployees themselves;
2017/07/03
Committee: ECON
Amendment 45 #

2016/2269(INI)

Draft opinion
Paragraph 1 a (new)
1 a. Points out that uncontrolled immigration leads to an enormous reserve of working poor;
2017/07/03
Committee: ECON
Amendment 52 #

2016/2269(INI)

Draft opinion
Paragraph 2
2. Argues that investment in public services is essential to close the qualification dimension of inequality; eEmphasises that the attainment of higher levels of education for the general population contributes not only to reducing fincome inequalityancial illiteracy and high indebtedness, but also to fighting social and cultural exclusion, therefore increasing their chances to climb up the social ladder;
2017/07/03
Committee: ECON
Amendment 19 #

2016/2243(INI)

Motion for a resolution
Recital B
B. whereas any actor can be a FinTech, regardless of the kind of legal entity it isFinTech is still a young industry, with blurred definitions, making it unclear whether an actor can be regarded as a FinTech or not; whereas the value chain in financial services increasingly includes alternative actors such as start-ups or tech- giants;
2017/03/09
Committee: ECON
Amendment 101 #

2016/2243(INI)

Motion for a resolution
Paragraph 1
1. Calls on the Commission to draw up a FinTech Action Plan, which should boost its Capital Markets Union (CMU) andcomplement the Digital Single Market (DSM) strategiesy and aim at a competitive financial system, financial stability and consumer and investor protection;
2017/03/09
Committee: ECON
Amendment 130 #

2016/2243(INI)

Motion for a resolution
Paragraph 4 – point c
c. Risk-based approach, taking into account proportionality and materiality;deleted
2017/03/09
Committee: ECON
Amendment 139 #

2016/2243(INI)

Motion for a resolution
Paragraph 5
5. Recommends that the competent authorities allowuniformly define controlled experimentation with new technologies for both for new entrants and existing market participants; highlights that a pro-activeStresses that a forward- looking dialogue with market participantlayers can help regulatory and supervisorsy and regulators to developuthorities to acquire technological expertise;
2017/03/09
Committee: ECON
Amendment 151 #

2016/2243(INI)

Motion for a resolution
Paragraph 6
6. Highlights that some central banks are already experimenting with virtual currencies as well as other new technologies; encourages the relevant authorities in Europe to experiment as well, in order to keep up with market developments; recommends that the European Central Bank conduct experiments with a ‘virtual euro’stresses that such experimentation is and remains an exclusive competence of the member states and falls outside the mandate of the European Central Bank;
2017/03/09
Committee: ECON
Amendment 213 #

2016/2243(INI)

Motion for a resolution
Paragraph 11
11. Notes that there are no clear, comprehensive European guidelines for outsourcing data to the cloud with regard to the financial sector; stresses the need forusefulness of the development of such guidelines;
2017/03/09
Committee: ECON
Amendment 256 #

2016/2243(INI)

Motion for a resolution
Paragraph 16
16. Is concerned by the increased use of unpermissioned blockchain applications, in particular Bitcoin, for criminal activities, tax evasion, tax avoidance and money laundering; invites the Commission to organise an annual multi- stakeholder conference on this subject;
2017/03/09
Committee: ECON
Amendment 270 #

2016/2243(INI)

Motion for a resolution
Paragraph 18
18. Acknowledges the importance of application programming interfaces (APIs) in providing new actors with access to financial infrastructure; recommends the creation of a set of standardised APIs to be used by providers, for example in the area of open banking;hat vendors can use.
2017/03/09
Committee: ECON
Amendment 284 #

2016/2243(INI)

Motion for a resolution
Paragraph 20
20. Calls on the ESAs to develop technology-neutral standards and licences for know-your-customer techniques, for example based on biometric criteria;
2017/03/09
Committee: ECON
Amendment 7 #

2016/2193(DEC)

Motion for a resolution
Paragraph 6
6. Notes that, further to its audit of the Agency’s procurement procedures, the Court concluded that the Agency engaged in contractual agreements or negotiations with a single contractor, without precisely defining the services requested; observes that such agreements could limit competition and increase dependence upon the contractor; acknowledges that, in particular for the systems under management, factors outside the control of the Agency limit the possibility to systematically re-open competitions; encourages the Agency to conclude agreements with multiple suppliers or define the services required more precisely, whenever possible in the interests of greater transparency and accountability;
2017/03/07
Committee: CONT
Amendment 10 #

2016/2193(DEC)

Motion for a resolution
Paragraph 9
9. Points out that carry-overs are often partly or fully justified by the multiannual nature of an agency’s operational programmes and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annuality, in particular if they are planned in advance and communicated to the Court; asks the Agency to keep the volume to be carried over to the next year as low as possible;
2017/03/07
Committee: CONT
Amendment 14 #

2016/2193(DEC)

Motion for a resolution
Paragraph 15
15. Notes with concern that the curriculum vitae (CVs) of the Agency’s management board members and the CVs and the declarations of interest of the members of its advisory groups are not published on the Agency’s website; notes that the Agency did not foresee checking the factual correctness of the declarations of interest or a process for updating them; deplores the fact that the CVs and declarations of conflicts of interests of several members have yet to be received; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2017/03/07
Committee: CONT
Amendment 19 #

2016/2192(DEC)

Motion for a resolution
Paragraph 10
10. Notes with concern that the Office openly acknowledges that it does not publish the curriculum vitae of either the management board or the senior management teams; notes that this practice does not further transparency and the CVs should therefore be published without delay;
2017/03/06
Committee: CONT
Amendment 18 #

2016/2189(DEC)

Motion for a resolution
Paragraph 14
14. Notes that the Agency’s administrative Board adopted the policy for the prevention and management of conflicts of interests, applicable to its staff with specific provisions for management, as well as to its administrative board, its board of regulators, its board of appeal, its working group chairs and co-chairs and its task-force convenors; notes, furthermore, that the Agency published the declarations of conflicts of interests on its website but points out that some CVs and declarations of the members of the board of regulators remain missing; notes that in 2016, the administrative board detected a potential conflict of interests of one of its members and followed the ad hoc procedure provided for; asks the Agency to provide further information about this issue to the discharge authority and to ensure more transparency;
2017/03/07
Committee: CONT
Amendment 24 #

2016/2189(DEC)

Motion for a resolution
Paragraph 16
16. Notes that the Act on Implementation of International Education Programmes was adopted in the host Member State on 16 June 2016 and entered into force on 15 July 2016; notes that the host Member State initiated a feasibility study following adoption of the Act; recalls that the Agency has repeatedly signalled to the host Member State the urgency of the establishment of an European School in Ljubljana;
2017/03/07
Committee: CONT
Amendment 9 #

2016/2188(DEC)

Motion for a resolution
Paragraph 4
4. Observes from the Court’s report that the level of committed appropriations carried forward to 2016 was at 26 % for Title II (administrative expenditure) and at 33 % for Title III (operational expenditure); notes that these carry forwards are mainly related to the multiannual nature of the Authority’s large IT projects, as well as mission expenses that could only be reimbursed in 2016; points out that the carryovers are often partly or fully justified by the multiannual nature of the centre’ operational programmes, and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annularity, in particular if they are planned in advance by the Centre and communicated to the Court; asks the Agency to keep volume to be carried over to the next year as low as possible;
2017/03/07
Committee: CONT
Amendment 14 #

2016/2188(DEC)

Motion for a resolution
Paragraph 12
12. Notes that Management Board members of the Authority are required to sign a declaration of the absence of conflict of interest in contrast to a declaration of interests, but that declarations and the CVs of its Board members are not published on the Agency’s website; notes that this practice does not further transparency and that their declarations and CVs should therefore be published without delay;
2017/03/07
Committee: CONT
Amendment 15 #

2016/2188(DEC)

Motion for a resolution
Paragraph 15
15. Notes with satisfaction that the Authority has taken specific initiatives in order to increase transparency relating to its contacts with stakeholders and that are governed by its Ethics Rules; notes also that engagements with stakeholders are centrally coordinated and recorded as part of its external communications policy and procedures; observes that the Authority publishes the agendas of the Chairman and the Executive Director on its website, indicating their participation in conferences, meetings with stakeholders, media representatives as well as any other institutions and relevant activities, and furthermore since July 2016, the Authority also publishes on its website meetings between external stakeholders and ESMA staff; asks the Authority to inform the discharge authority on ethics rules alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
2017/03/07
Committee: CONT
Amendment 15 #

2016/2188(DEC)

Draft opinion
Paragraph 3
3. Welcomes the initiative reducing the 2015 budget through two subsequent budget amendments, thereby using Union funds rationally; believes that ESMA’s budget still has rationalisation potential; stresses, therefore, that any potential increases in ESMA’s means should be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2017/01/17
Committee: ECON
Amendment 25 #

2016/2188(DEC)

Draft opinion
Paragraph 4 a (new)
4 a. Highlights the importance of contributions of national competent authorities in guaranteeing national interests; points out that the banking industry already contributes heavily to regulation and supervision (e.g. SSM fees 2016: € 404.5 million; SRB contributions 2017: € 90.7 million);
2017/01/17
Committee: ECON
Amendment 27 #

2016/2188(DEC)

Draft opinion
Paragraph 4 b (new)
4 b. Acknowledges a deteriorating profitability of EU banks as pointed out in the Eurofi Financial Forum 2016 in Bratislava and stresses the financial impact of low and negative interest rates; takes note that any possible shift in financing arrangements by market participants should be postponed until the systemic risk sensitivity in the aftermath of the crisis has been solved;
2017/01/17
Committee: ECON
Amendment 6 #

2016/2187(DEC)

Motion for a resolution
Paragraph 1
1. Notes from the Court’s report that, in respect of the two comments regarding carry-overs, transfers and budget management made in the Court’s 2014 report, the status of the corrective actions is marked in the 2015 Court’s report as “Ongoing”; calls for all recommendations to be implemented as soon as possible and for the discharge authority to be kept informed;
2017/03/06
Committee: CONT
Amendment 9 #

2016/2187(DEC)

Motion for a resolution
Paragraph 2
2. Notes that the level of committed appropriations carried over fobudget allocated under Title III (operational expenditure) was atamounted to EUR 2 300 000 (45 % of expenditure), compared to EUR 4 700 000 (66 % of expenditure) in 2014; acknowledges that those carryovers were predominantly related to specific contracts for the Authority’s multi-annual IT programme supporting the implementation of Solvency II and to contracts signed late in the year; moreover acknowledges from the Authority that the carryover appropriations were to be reduced from 2016 onwards to a satisfactory level with the advanced implementation of the Authority’s IT Programme; points out that carryovers are often partly or fully justified by the multiannual nature of agencies’ operational programmes and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annuality, in particular if they are planned in advance by the Authority and communicated to the Court; calls for the continued reduction as far as possible in the level of committed appropriations to be carried over to the following year by means of all available measures, for example by adopting best practices used in other agencies;
2017/03/06
Committee: CONT
Amendment 10 #

2016/2187(DEC)

Motion for a resolution
Paragraph 2
2. Notes that the level of committed appropriations carried over for Title III (operational expenditure) was at EUR 2 300 000 (45 % of expenditure), compared to EUR 4 700 000 (66 % of expenditure) in 2014; acknowledges that those carryovers were predominantly related to specific contracts for the Authority’s multi-annual IT programme supporting the implementation of Solvency II and to contracts signed late in the year; moreover acknowledges from the Authority that the carryover appropriations were to be reduced from 2016 onwards to a satisfactory level with the advanced implementation of the Authority’s IT Programme; points out that carryovers are often partly or fully justified by the multiannual nature of agencies’ operational programmes and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annuality, in particular if they are planned in advance by the Authority and communicated to the Court; asks the Agency to keep volume to be carried over to the next year as low as possible;
2017/03/06
Committee: CONT
Amendment 11 #

2016/2187(DEC)

Motion for a resolution
Paragraph 5
5. Notes with satisfaction that the Agency is working to develop more sophisticated and less output-focussed key performance indicators, which would provide a more valuable basis to assess whether the Authority is achieving its strategic ambitiongoals;
2017/03/06
Committee: CONT
Amendment 17 #

2016/2187(DEC)

Motion for a resolution
Paragraph 9
9. Notes with concern that, with the exception of the CVs of the Senior Management Board, the CVs and the declarations of interest of the Authority’s Management Board members and of the Senior Management Board are not published on the Authority’s website; regrets that declarations of conflicts of interest of management board members and senior managers are outstanding; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2017/03/06
Committee: CONT
Amendment 18 #

2016/2187(DEC)

Motion for a resolution
Paragraph 10
10. Notes with satisfaction that measures to increase transparency in dealing with lobbyists and stakeholders are included in the Authority’s ethics rules and that, through those rules, staff are advised and guided on how to avoid being unduly influenced by any stakeholder or group of stakeholders; observes also that from July 2016 the Authority publishes on its website details on its meetings with external stakeholders, media representatives and other Institutions and relevant activities; asks the Authority to inform the discharge authority on ethics rules alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
2017/03/06
Committee: CONT
Amendment 19 #

2016/2187(DEC)

Draft opinion
Paragraph 4
4. Believes that the EIOPA budget still has rationalisation potential; stresses, therefore, that any potential increases in EIOPA's means should be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2017/01/17
Committee: ECON
Amendment 24 #

2016/2187(DEC)

Draft opinion
Paragraph 5 a (new)
5 a. Highlights the importance of contributions of national competent authorities in guaranteeing national interests; points out that the banking industry already contributes heavily to regulation and supervision (e.g. SSM fees 2016: € 404.5 million; SRB contributions 2017: € 90.7 million);
2017/01/17
Committee: ECON
Amendment 26 #

2016/2187(DEC)

Draft opinion
Paragraph 5 b (new)
5 b. Acknowledges a deteriorating profitability of EU banks as pointed out in the Eurofi Financial Forum 2016 in Bratislava and stresses the financial impact of low and negative interest rates; takes note that any possible shift in financing arrangements by market participants should be postponed until the systemic risk sensitivity in the aftermath of the crisis has been solved;
2017/01/17
Committee: ECON
Amendment 8 #

2016/2186(DEC)

Motion for a resolution
Paragraph 3
3. Notes that the European Parliament and the Council reduced the Authority’s 2015 financial resources by 6 % compared to the previous year, despite allocating higher staffing levels; notes with concernwelcomes that, in order to implement those cuts, the Authority had to reduce its work programme and cut costs in areas such as operational missions and meetings, operational IT projects and staff training; acknowledges furthermore that the euro lost significant value against the pound sterling over the course of the year, forcing the Authority to request an amending budget of EUR 1,9 million, which was adopted in August 2015, in order to enable it to meet its financial obligations,;
2017/03/06
Committee: CONT
Amendment 10 #

2016/2186(DEC)

Motion for a resolution
Paragraph 4
4. Welcomes the factNotes that the Authority’s 2016 budget was significantly improved, due to the Authority and the European Parliament and the Council taking on board the lessons learned from the previous year’s process, which resulted in an increase of 20 % compared to the 2015 initial budget;
2017/03/06
Committee: CONT
Amendment 11 #

2016/2186(DEC)

Motion for a resolution
Paragraph 6 a (new)
6 a. Calls on the Authority to further lower the volume to be carried over to the next year.
2017/03/06
Committee: CONT
Amendment 12 #

2016/2186(DEC)

Draft opinion
Paragraph 3
3. Believes that the initial budget cuts should not have been implemented by postponing the publication of standards and guidelines or by cutting attendance in BCBS working groups, but by ending financing of non-core related activities; stresses, therefore, that any potential increases in EBA's means must be accompanied by adequate rationalisation measures and defended and explained thoroughly in a clear, detailed and understandable defence report before the European Parliament and made publically available;
2017/01/17
Committee: ECON
Amendment 18 #

2016/2186(DEC)

Motion for a resolution
Paragraph 9
9. Notes that the Authority adopted a conflict of interest policy in October 2014 and has ethics guidelines in place since 2012; acknowledges that during the recruitment procedure, future staff must declare potential conflicts of interest, in addition to the assessment of their curriculum vitae; takes note that all staff must declare potential conflicts of interest on an annual basis, which are assessed by the Authority’s ethics officer; notes that the members of the Board of Supervisors and their alternates must also declare their actual or potential conflicts of interest, including economic interests, in particular any holdings in shares of financial institutions; notes further that all these declarations and those of the Authority’s senior management are published on its website and are updated annually; notes, however, that the curriculum vitaes of neither the Management Board nor the Board of Supervisors are published on the Authority’s website; calls on the Authority to do so within due time; calls on the Authority to inform the discharging authority on alleged and actual conflicts of interests, how such issues have been resolved, and how the Authority intends to avoid them in the future;
2017/03/06
Committee: CONT
Amendment 23 #

2016/2186(DEC)

Motion for a resolution
Paragraph 14
14. Takes note that the Authority closely cooperates with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) across all support functions in order to reduce administrative costs were possible, to leverage synergies and to share best practices; looks forward to further efforts from the Authority to enhance cooperation with other decentralised agencies and further reduce overhead and administrative costs;
2017/03/06
Committee: CONT
Amendment 24 #

2016/2186(DEC)

Draft opinion
Paragraph 5 a (new)
5 a. Highlights the importance of contributions of national competent authorities in guaranteeing national interests; points out that the banking industry already contributes heavily to regulation and supervision (e.g. SSM fees 2016: € 404.5 mn; SRB contributions 2017: € 90.7 mn);
2017/01/17
Committee: ECON
Amendment 27 #

2016/2186(DEC)

Draft opinion
Paragraph 5 b (new)
5 b. Acknowledges a deteriorating profitability of EU banks as pointed out in the Eurofi Financial Forum 2016 in Bratislava and stresses the financial impact of low and negative interest rates; takes note that any possible shift in financing arrangements by market participants should be postponed until the systemic risk sensitivity in the aftermath of the crisis has been solved;
2017/01/17
Committee: ECON
Amendment 29 #

2016/2186(DEC)

Motion for a resolution
Paragraph 19
19. Recalls that the Authority’s mixed financing arrangement, which relies heavily on contributions from national competent authorities, is inadequate, inflexible, burdensome and a potential threat to its independence; therefore calls on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to launch a different financing arrangement based on a separate budget line in the budget of the Union and on the complete replacement of the contributions from national authorities by fees paid by market participaCalls on the Commission, in the White Paper planned for the second quarter of 2016 and in a legislative proposal to be presented by 2017, to propose a possible alternative financing arrangements;
2017/03/06
Committee: CONT
Amendment 34 #

2016/2186(DEC)

Draft opinion
Paragraph 6 a (new)
6 a. Stresses that, while making sure that all assignments are carried out in full, EBA must carefully stick to the tasks assigned to it by the Union legislator and must not seek to de facto broaden its mandate beyond those assignments;
2017/01/17
Committee: ECON
Amendment 36 #

2016/2186(DEC)

Draft opinion
Paragraph 6 b (new)
6 b. stresses that, when carrying out its work and in particular when drafting technical standards and technical advice, EBA needs to timely, regularly and comprehensively inform the European Parliament about its activities; regrets that this has in the past not always been done.
2017/01/17
Committee: ECON
Amendment 7 #

2016/2185(DEC)

Motion for a resolution
Paragraph 5
5. Observes that, according to the Court’s report, the level of committed appropriations carried over under Title III (operational expenditure) was at 61 %, compared to 54 % in 2014; acknowledges that these carry-overs are mainly related to the nature of the Institute’s activities which involve procuring studies that span many months, often beyond year-end; points out that the carry-overs are often partly or fully justified by the multiannual nature of the Institute’s operational programmes or delayed decisions by the Presidency of the Council regarding the subject of a study and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annularity, in particular if they are planned in advance by the Institute and communicated to the Court; calls on the Institute to keep the volume to be carried over to the next year as low as possible;
2017/03/06
Committee: CONT
Amendment 9 #

2016/2185(DEC)

Motion for a resolution
Paragraph 9 a (new)
9 a. asks the Institute to inform the discharge authority on alleged and confirmed infringements, how it has dealt with these infringements, and how it will avoid them in the future;
2017/03/06
Committee: CONT
Amendment 10 #

2016/2185(DEC)

Motion for a resolution
Paragraph 10
10. Notes with concern that some of the curriculum vitae and declarations of interest of the Institute’s management board members and staff are not published on its website; regrets that some declarations of conflicts of interests of its Administrative Board members as well as of its management staff are pending; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2017/03/06
Committee: CONT
Amendment 7 #

2016/2182(DEC)

Motion for a resolution
Paragraph 1
1. Acknowledges from the Agency that, in line with the discharge authority’s recommendation from the previous year, it will include in its next annual report a separate chapter on transparency, accountability and integrity; stresses in this connection that all firm recommendations should be implemented as soon as possible and the discharge authority kept informed;
2017/03/06
Committee: CONT
Amendment 8 #

2016/2178(DEC)

Motion for a resolution
Paragraph 6
6. Notes that the cost of the relocation from Bramshill, UK to Budapest, Hungary was estimated at approximately EUR 1 006 515, to be spent during 2014 and 2015; notes moreover that in accordance with the agreement between the Commission and the UK, the amount of EUR 570 283 was financed with 50 % from the UK authorities and with 50 % from the Commission; acknowledges the fact that the UK contribution to the relocation funds was inscribed in the College’s budget as assigned revenue, which was fully used; welcomes the fact that the remaining relocation funds corresponding to 35 % of the final relocation budget were financed with the College’s budget by savings deriving from the lower correction coefficient applied to staff entitlements in Hungary; suggests, however, that the College further reduce the level of committed appropriations to be carried over to the following year and to keep it as low as possible;
2017/03/06
Committee: CONT
Amendment 9 #

2016/2178(DEC)

Motion for a resolution
Paragraph 15
15. Notes with concern that, with regard to the College’s expanded responsibilities and increased mandatethat, according to the College’s five-year evaluation which was finalised in 2016, the current resource levels armay be insufficient; is concerned that, based on the College’s five-year evaluation which was finalised in 2016, there is a clear need for a significant reinforcement of the College with both human and financial resources; calls on the Commission to take this into account in its budget proposals for the College; calls on the budgetary authority to provide additional human and financial resources to the College in order not to hinder its ability to perform its tasks with regard to the College’s expanded responsibilities and increased mandate; calls on the Commission to re-examine this and to make the use of resources more effective;
2017/03/06
Committee: CONT
Amendment 13 #

2016/2176(DEC)

Motion for a resolution
Paragraph 8
8. Notes with concern that the CVs and declarations of interest of the Agency’s management board members and of its executive board are not published on its website, except for the CV of the management board chair; notes with concern that the Agency has not provided for any arrangements for checking or updating of the declarations of interest; regrets that declarations of conflicts of interest of management board and executive board members are outstanding; notes that this practice does not further transparency and these declarations should therefore be published without delay;
2017/03/06
Committee: CONT
Amendment 15 #

2016/2176(DEC)

Motion for a resolution
Paragraph 9
9. Notes with concern that the Agency has not provided for any specific initiative for improving transparency in its contacts with lobbyists and stakeholders; recommends that the Agency very carefully scrutinise possible conflicts of interest in these contacts so as better to meet transparency and accountability requirements;
2017/03/06
Committee: CONT
Amendment 7 #

2016/2173(DEC)

Motion for a resolution
Paragraph 5
5. Points out that carryovers are often partly or fully justified by the multiannual nature of the agencies’ operational programmes and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annuality, in particular if they are planned in advance and communicated to the Court; calls for the continued reduction as far as possible in the level of committed appropriations to be carried over to the following year by means of all available measures, for example by adopting best practices used in other agencies;
2017/03/06
Committee: CONT
Amendment 12 #

2016/2173(DEC)

Motion for a resolution
Paragraph 13
13. Notes that the Agency published the declarations of absence of conflicts of interests and the CVs of their respective management board members on its website; points out however that some of the CVs are still missing or show inconsistencies; notes moreover that the Agency has put in place a policy on the prevention and management of conflicts of interest which takes into account its external staff members, interim staff and second national expert; notes, however, that the Agency did not foresee any checks of the factual correctness or a process for updating the declarations of interest; notes that the Agency set up and implemented internal rules on whistleblowing; regrets that some declarations of conflicts of interest of various management board members are pending or contain irregularities; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2017/03/06
Committee: CONT
Amendment 14 #

2016/2173(DEC)

Motion for a resolution
Paragraph 14
14. Notes with concern that the Agency has not taken specific initiatives in order to increase transparency relating to its contacts with stakeholders and lobbyists; calls on the Agency to take immediate steps to examine possible conflicts of interest so as better to comply with transparency and accountability requirements;
2017/03/06
Committee: CONT
Amendment 9 #

2016/2172(DEC)

Motion for a resolution
Paragraph 8
8. Notes with concern that the declarations of interest of its Administrative Board members are not published on its website and that the Agency has not foreseen any check or update of the declarations of interest of its management board members; regrets that declarations of conflicts of interest of management board members are outstanding; notes that this practice does not further transparency and the declarations should therefore be published without delay;
2017/03/06
Committee: CONT
Amendment 11 #

2016/2172(DEC)

Motion for a resolution
Paragraph 10
10. Notes with concern that the Agency has not taken specific initiatives in order to increase transparency relating to its contacts with stakeholders and lobbyists; points out that possible conflicts of interest in such contacts should be very closely scrutinised in order better to meet transparency and accountability requirements;
2017/03/06
Committee: CONT
Amendment 11 #

2016/2171(DEC)

Motion for a resolution
Paragraph 7
7. Notes that the exercise of collecting the declarations of conflicts of interests of the Foundation’s governing board members is not complete, although a majority of the members have submitted the requested documents; acknowledges that there is no mechanism which obliges the members to provide the documents; notes that the available declarations are published on the Foundation's website but that in some cases the system requests a password in order to access the CVs and declarations; takes note of the fact that the Foundation is actively pursuing the publication of the residual number of outstanding declarations, which will be published upon receipt, provided that consent for publication is given; welcomes the fact that all declarations of conflicts of interests of the Foundation’s relevant staff have been collected; deplores the fact that some declarations of conflicts of interest of various management board members are pending or are not available to the public; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2017/03/07
Committee: CONT
Amendment 8 #

2016/2170(DEC)

Motion for a resolution
Paragraph 6 a (new)
6 a. Calls on the Eurojust to keep the volume to be carried over to the next year as low as possible;
2017/03/07
Committee: CONT
Amendment 9 #

2016/2170(DEC)

Motion for a resolution
Paragraph 12
12. Notes with concern that Eurojust has not foreseen any check or updating of the declarations of interest of experts, members of the College and staff members; notes that this practice does not further transparency and calls for the declarations to be checked and updated;
2017/03/07
Committee: CONT
Amendment 10 #

2016/2170(DEC)

Motion for a resolution
Paragraph 17
17. Notes with concern a significant gender imbalance both in Eurojust’s senior management and management board members;deleted
2017/03/07
Committee: CONT
Amendment 10 #

2016/2166(DEC)

Motion for a resolution
Paragraph 2
2. Takes note that the carry-overs from 2015 to 2016 were at EUR 4 944 739, representing a similar figure compared to the previous year; notes that of the amount carried over in Title III (operational expenditure), 57 % refers to the final payment of the contribution for 2015 to the European Topic Centres which was to be paid after the fourth quarterly progress report was presented in 2016; points out that carry-overs are often partly or fully justified by the multiannual nature of the agencies’ operational programmes and do not necessarily indicate weaknesses in budget planning and implementation nor are they always at odds with the budgetary principle of annuality, in particular if they are planned in advance by the Agency and communicated to the Court; stresses, however, the need to reduce as far as possible the level of committed appropriations to be carried over to the following year, by means of all available measures, for example by adopting best practices used in other agencies;
2017/03/06
Committee: CONT
Amendment 20 #

2016/2166(DEC)

Motion for a resolution
Paragraph 6
6. Notes with concern that the Agency’s Management Board members are not required to make their CVs and declarations of interest publicly available, and consequently only a few can be found on its website; notes that the CVs and declarations of interest of its senior management team are published in the website; notes with concern that the declarations of interest of the Authority’s Management Board members are not published; notes that this practice does not further transparency;
2017/03/06
Committee: CONT
Amendment 25 #

2016/2166(DEC)

Motion for a resolution
Paragraph 13
13. Takes note from the Court’s report that the audited procurement procedures showed that the Agency signed framework contracts with a single contractor which were used for various services under fixed- price specific contracts; notes that, as a consequence of requesting a fixed-price offer from a single contractor under those contracts, competition on price was neutralised and dependence upon the contractor was increased; points out that possible conflicts of interest regarding competitive bidding, procurement and contracts must be very closely scrutinised in order better to meet transparency and accountability requirements;
2017/03/06
Committee: CONT
Amendment 9 #

2016/2162(DEC)

Motion for a resolution
Paragraph 1
1. Acknowledges the fact that the Foundation was committed to increasing the number of declarations of interest and CVs available on its website and that it aimed to collect declarations from all board members as the new governing board was to be appointed after the expiration of the mandate of the current board in November 2016; notes, however, that some of the governing board’s CVs and declarations of interests are still missing; deplores the fact that the declarations of conflicts of interest of several management board members are pending; notes that this practice does not further transparency and the remaining declarations should therefore be published without delay;
2017/03/07
Committee: CONT
Amendment 15 #

2016/2162(DEC)

Motion for a resolution
Paragraph 6
6. Points out that carry-overs are often partly or fully justified by the multiannual nature of the agencies’ operational programmes, do not necessarily indicate weaknesses in budget planning and implementation and are not always at odds with the budgetary principle of annuality, in particular if they are planned in advance and communicated to the Court of Auditors; welcomes the fact that the Foundation, together with the Court, established a procedure which allows a transparent distinction between 'planned' and 'unplanned' carry-overs; asks the Foundation to keep the volume to be carried over to the next year as low as possible;
2017/03/07
Committee: CONT
Amendment 21 #

2016/2162(DEC)

Motion for a resolution
Paragraph 12
12. Acknowledges the fact that in 2016 the Foundation was raising awareness of its conflicts of interests and anti-fraud policies among its staff by using specific training offered to all staff members; notes, furthermore, that those training sessions are intended to become standard elements of the induction programme for new staff members; calls on the Foundation to adopt an ethics code and to inform the discharging authority about alleged and confirmed conflicts of interests, how it has dealt with them, and how it will prevent them in the future;
2017/03/07
Committee: CONT
Amendment 3 #

2016/2159(DEC)

Motion for a resolution
Paragraph 3
3. Notes that in 2015, the Supervisor had a total allocated budget of EUR 8 760 417 (EUR 8 012 953 in 2014) and that the implementation rate was 96 % (92 % in 2014); welcomes the improved result for the previous year; expects, however, a further improvement in the implementation rate the following year;
2017/03/07
Committee: CONT
Amendment 4 #

2016/2159(DEC)

Motion for a resolution
Paragraph 6
6. Notes that while the Supervisor has only one senior management post the middle management posts are represented by 40 % female and 60 % male staff; calls on the Supervisor to continue with efforts to ensure that the recruitment and promotions policy is as gender balanced as possible;deleted
2017/03/07
Committee: CONT
Amendment 7 #

2016/2156(DEC)

Motion for a resolution
Paragraph 12
12. WelcomesTakes note of the administrative changes applied in 2015, in particular the full implementation of a cost-based system for reimbursement of members’ travel expenses and the full revamp of the members’ portal; calls on the Committee to provide an overview of the members’ expenses during the last five years;
2017/03/07
Committee: CONT
Amendment 8 #

2016/2156(DEC)

Motion for a resolution
Paragraph 14
14. Notes with concern the continued shortage of women holding senior and middle management posts (only 30 % in senior management); notes also the geographic imbalance in the senior and middle management posts, in particular the shortage of staff from the eastern countries; calls on the Committee for those imbalances to be corrected and the results communicated to Parliament as quickly as possible;deleted
2017/03/07
Committee: CONT
Amendment 15 #

2016/2156(DEC)

Motion for a resolution
Paragraph 20
20. Takes note that the Committee decreased the average costs of its ‘away days’ for 35 % per participant compared to 2014 and that only 218 staff took part in the event, compared to 415 in 2014; calls on the Committee to target its well- being activities to include as many staff as possible to help further improving the staff’s well-being;deleted
2017/03/07
Committee: CONT
Amendment 17 #

2016/2155(DEC)

Motion for a resolution
Paragraph 10
10. Notes with concern that the Court had only five female members out of 28 in 2015 and that that number went down to three in 2016; notes with concern, furthermore, that the Court has a continued shortage of women holding senior and middle management posts (only 30,4 %); urges the Court to take supplementary measures to promote gender balance, in particular in management posts, and to communicate the results to Parliament as quickly as possible and without undermining the Court’s mission;deleted
2017/03/07
Committee: CONT
Amendment 20 #

2016/2155(DEC)

Motion for a resolution
Paragraph 11
11. Is concerned with the high number of days of sick leave among the staff; calls on the Court to target its well-being activities to ensure the well-being of its staff in order to better perform its core mission; calls on the Court to investigate the possibility of abuse of sick leave by staff, and to report its findings to the discharging authority;
2017/03/07
Committee: CONT
Amendment 21 #

2016/2155(DEC)

Motion for a resolution
Paragraph 13
13. Takes note that the Court organised five away days, mainly in preparation of the reform of the Court, with a low proportion of staff members participating (only 107); calls on the Court to better target its well-being activities in order to include proactive and positive human resources’ development, with the participation of as many staff members as possible107);
2017/03/07
Committee: CONT
Amendment 29 #

2016/2155(DEC)

Motion for a resolution
Paragraph 21
21. NotWelcomes the internal auditor service recommendation to consider a more rational use of the Court’s official vehicles; invites the Court to address this matter in cooperation with the Court of Justice and to inform Parliament of the actions taken to rationalise the management of the fleet;
2017/03/07
Committee: CONT
Amendment 13 #

2016/2154(DEC)

Motion for a resolution
Paragraph 20
20. Welcomes the initiative of the Court of Justice to improve the representation of women in management posts and the fact that the proportion of women in middle and senior management posts reached 35 % in 2015; believes, nevertheless, that there is further room for improvement regarding gender balance in the institution;
2017/03/07
Committee: CONT
Amendment 15 #

2016/2154(DEC)

Motion for a resolution
Paragraph 21
21. Is deeply concerned with the considerablCalls on the Court to balance the geographic imbalancespread at middle and senior management level, to the disadvantage of the Member States which joined the Union in 2004 or after; calls on the Court to endeavour to correct this situation and to report to Parliament on the improvements achieved in that regard;
2017/03/07
Committee: CONT
Amendment 21 #

2016/2154(DEC)

Motion for a resolution
Paragraph 23
23. Welcomes the commitment of the Court of Justice with high environment targets; encourages the institution to apply the principles of green public procurement and calls for the establishment of rules and sufficient budget for carbon offsetting;
2017/03/07
Committee: CONT
Amendment 15 #

2016/2101(INI)

Motion for a resolution
Recital B
B. whereas Europe still faces a huge investment deficit, even though the current account surplus in the eurozone continues to rise, theoretically creating more favourable conditions for public and private investment due to the exceptionally low interest rates on government borrowing; whereas Europe continues to suffer from a lack of innovation, which is crucial for the growth and productivity needed to increase competitiveness internationally;
2016/08/30
Committee: ECON
Amendment 36 #

2016/2101(INI)

Motion for a resolution
Recital D
D. whereas falling oil prices at the start of 2016 appear to bere one of the key reason dragging downs why the inflation rate toin some Member States is falling below zero levels;
2016/08/30
Committee: ECON
Amendment 43 #

2016/2101(INI)

Motion for a resolution
Recital E
E. whereas political developments such as the question of the UK’s membership ofimpending departure from the Union, relations with Russia and the refugee crisis have compounded uncertainties and further served to inhibit investment;
2016/08/30
Committee: ECON
Amendment 61 #

2016/2101(INI)

Motion for a resolution
Paragraph 1
1. Notes with concern that the EU economy will grow less than expected on the basis of the European economic winter forecast 2016, as GDP in the eurozone is expected to increase by only 1.6 %, reaching 1.9 % by 2017, which is less than what was previously being estimated; stresses that the growth prospects for 2016 which were initially predicted had to be corrected downwards and that the stagnating or increasing sovereign debt in the Member States is continuing to hamper the competitiveness of Europe's economy as a whole;
2016/08/30
Committee: ECON
Amendment 67 #

2016/2101(INI)

Motion for a resolution
Paragraph 2
2. SEmphasises that investment in the eurozone remains guarded and is considerably below the pre-crisis level, in spite of the ECB's unconventional monetary policy and the start of the European investment campaign; stresses that the continuous challenges in the EU are linked to the deteriorating international environment and the divergences in the economic and social performance achieved in different parts of the Union;
2016/08/30
Committee: ECON
Amendment 84 #

2016/2101(INI)

Motion for a resolution
Paragraph 3
3. Welcomes the Commission’s focus in its 2016 country-specific recommendations (CSRs) on the three main priorities to further strengthen economic growth: supporting investment, pursuing structural reforms and preserving responsible public finances; stresses that investment alone is not enough to drive the economic recovery of the European Economic Area; emphasises that necessary structural reforms must accompany monetary policy stimuli in the Member States if the economy is to be rebooted;
2016/08/30
Committee: ECON
Amendment 94 #

2016/2101(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the Commission’s continuing approach to limit the number of recommendations and its effort to mainstream the semester by covering mainly key priority areas of macroeconomic and social relevance, when setting the policy objectives for the next 18 months; reiterates that this facilitates the implementation of recommendations in line with a comprehensive and meaningful range of social benchmarks;
2016/08/30
Committee: ECON
Amendment 107 #

2016/2101(INI)

Motion for a resolution
Paragraph 5
5. Fully supports the efforts made to ensure greater national ownership in the formulation and implementation of CSRs as an ongoing reform process; highlights the need, given the new timetable of the European Semester, to involve national parliaments, regional authorities and local stakeholders in a more efficient and better-structured way in order to ensure effective implementation;
2016/08/30
Committee: ECON
Amendment 120 #

2016/2101(INI)

Motion for a resolution
Paragraph 6
6. Stresses that Europe’s long economic crisis has shown that there is a strong need to focus on public and private investment, in order to enhance the EU’s competitiveness; notes with concern the discrepancies in the extent to which the Member States have implemented the Country Specific Recommendations in recent years; stresses the importance of making implementation of the Country Specific Recommendations more binding to ensure the fair and unified implementation of the economic governance framework in all the Member States;
2016/08/30
Committee: ECON
Amendment 142 #

2016/2101(INI)

Motion for a resolution
Paragraph 7
7. Underlines that the still-too-high unemployment rates show that the capacity to create jobs in most Member States is still limited; emphasises that further action is needed, in consultation with social partners and in accordance with national practices, to make labour markets more inclusive overall; notes that support measures to facilitate access to financing, particularly for SMEs, is vital if the continuing high unemployment in many Member States is to be tackled effectively;
2016/08/30
Committee: ECON
Amendment 173 #

2016/2101(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the Commission’s recommendation for three Member States to exit the Excessive Deficit Procedure (EDP); agrees with the Commission that large and consistent current account surpluses reflectthere is a clear need to stimulate demand and investment in order to cope with the challenges of the future regarding transport and communications, the digital economy, education and research, climate change, energy, environmental protection and the ageing population; calls on the Commission to continue to support budgetary policies that underpin growth and recovery in all Member States and support sustainable structural reforms;
2016/08/30
Committee: ECON
Amendment 218 #

2016/2101(INI)

Motion for a resolution
Paragraph 11a (new)
11a. Stresses that private investment through the European Fund for Strategic Investments (ESIF) should be encouraged and calls on the Member States to involve their local and regional authorities closely in developing project pipelines and launching investment platforms;
2016/08/30
Committee: ECON
Amendment 231 #

2016/2101(INI)

Motion for a resolution
Paragraph 12
12. Emphasises the need to improve the 12. EU’s overall capacityoptimise the framework conditions in the Member States to enable more jobs to be create and sustain jobs and thus to tackld across the EU, thereby reducing the high levels of unemployment, while considering that migration could play an important role in compensating for the negative effects of the ageing population; emphasises, however, that this alone cannot be the main response to address structural demographic, labour market or fiscal challenges but that it should be complemented with efficient public expenditure, especially in high-qualitysustainable social and environmentally sustainable investments;
2016/08/30
Committee: ECON
Amendment 233 #

2016/2101(INI)

Motion for a resolution
Paragraph 11
11. Underlines the fact that investment has so far lagged and failed to lead to sustainable and inclusive growth in the EU and that under the current circumstances, monetary policy alone is unlikely to bring about recovery, even though the rules made necessary by banking union have imposed more stringent financial criteria on banks; considers that a coordinated fiscal expansionfiscal policy is also needed in the EU, therefore, in line with the rules of the Stability and Growth Pact and its flexibility clauses, in order to create growth and jobs and place emphasis on public and private investment;
2016/08/30
Committee: ECON
Amendment 246 #

2016/2101(INI)

Motion for a resolution
Paragraph 13
13. Highlights the importance offact that resilient labour markets where an appropriate trade-off is maintained between economic, social and human costs in accordance with the EU values of solidarity and subsidiarity, with ain accordance with the EU values of solidarity and subsidiarity are important for a high level of employment and that this must be accompanied by a specific focus on the upgrading of educational systems and vocational education;
2016/08/30
Committee: ECON
Amendment 263 #

2016/2101(INI)

Motion for a resolution
Paragraph 14
14. Invites the Commission to give priority to measures that reduce theenabling obstacles to greater investment flows, which arise at both an EU level from a lack of clarity regarding strategies that are to be follow to be removed, especially in the fields of energy, transport, communications and the digital economy, as well as from the effect on bank lending in the wake of the adopbank lending and of better regulation of, the banking union, and a national level from cumbersome legal systems,fight against corruption, and lack of transparency, outdated bureaucracy in the financial sector, inadequate digitalisation of public services, lack of mutual recognition of academic and technical qualifications in the professions and certain services sectors, and educational systems that remain out of synch with modern requirements;
2016/08/30
Committee: ECON
Amendment 282 #

2016/2101(INI)

Motion for a resolution
Paragraph 15
15. Deeply deplores the fact that with regard to the Europe 2020 strategy, the biggestone failure to be recorded concerns the goal of reducing the scale of poverty in the Union, as not only will the goal not be reached, but poverty will in fact have increased;
2016/08/30
Committee: ECON
Amendment 290 #

2016/2101(INI)

Motion for a resolution
Paragraph 16
16. Underlines the importance of better addressing the high tax wedge on labour given that high taxation diminishes incentives for the inactive, the unemployed, second earners and low- wage earners to return to employment, by promoting a growth-friendly tax shift towards consumption and environmental taxesneed for the Member States to reduce the high tax wedge on labour in order to create more jobs in Europe; stresses, however, that the setting of tax rates is a crucial component of the principle of subsidiarity and must therefore remain within each Member State's own competence;
2016/08/30
Committee: ECON
Amendment 54 #

2016/2100(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the annual report by the Commission on competition policy, which can help to restore a sufficient level of investment and innovation by creating a fair competition environment; also reiterates that Europe’s future should be based on innovation; notes that in the area of competition law the European Parliament is as a rule involved only through the consultation procedure, with the result that its influence still remains very limited in comparison with that of the Commission;
2016/10/24
Committee: ECON
Amendment 74 #

2016/2100(INI)

Motion for a resolution
Paragraph 3
3. Reiterates that all market players should pay their fair share of tax; Wwelcomes the Commission’s in-depth investigations into anti-competitive practices such as selective tax advantages or excess profit ruling systems; emphasises that comprehensive, transparent and effective exchanges of tax information are a key prerequisite for preventing aggressive tax planning; stresses, at the same time, that simplifying tax arrangements at Member State level can do much to foster transparency and clarity;
2016/10/24
Committee: ECON
Amendment 89 #

2016/2100(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Calls on the Commission to make full use of its powers under competition law to help Member States to tackle harmful tax practices efficiently;
2016/10/24
Committee: ECON
Amendment 104 #

2016/2100(INI)

Motion for a resolution
Paragraph 4
4. Stresses the need to reinforce the single market through a fiscal union, and calls for the treaties to be amended accordingly;deleted
2016/10/24
Committee: ECON
Amendment 131 #

2016/2100(INI)

Motion for a resolution
Paragraph 5
5. Welcomes the Commission’s Digital Single Market Strategy; reiterates that a unified digital single market could create hundreds of thousands of new jobs and could contribute EUR 415 billion per year to the EU economy; observes at the same time that traditional market models of competition policy are often not sufficiently relevant to the digital internal market; calls, therefore, for greater attention to be focused on the new business models used by digital companies and for new assessment criteria to be applied to those companies; calls also for the specific market structures in the digital economy to be taken more fully into account;
2016/10/24
Committee: ECON
Amendment 142 #

2016/2100(INI)

Motion for a resolution
Paragraph 6
6. Calls on the Commission to take more ambitious steps to eliminate obstacles to online competition, in order to ensure barrier-free online shopping for EU consumers purchasing from sellers who are based in another Member State; notes that, to eliminate these obstacles, long-term investments in the necessary infrastructure are needed and should be made in accordance with the requirements of the market and of competition;
2016/10/24
Committee: ECON
Amendment 173 #

2016/2100(INI)

Motion for a resolution
Paragraph 8
8. Welcomes, furthermore, the current Commission practice whereby instant messaging (IM) applications are not compared with services of a different nature provided by the general telecommunications sector; notes, however, that these services use, free of charge, infrastructure provided and financed by the telecommunications sector;
2016/10/24
Committee: ECON
Amendment 179 #

2016/2100(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the Commission’s investigations into certain anti-competitive practices by a number of companies, in particularly Google, Amazon, Qualcomm and other media companies, film studios and TV distributormultinational companies; calls on the Commission to speed up all procedures against behaviour which infringes EU antitrust rules;
2016/10/24
Committee: ECON
Amendment 190 #

2016/2100(INI)

Motion for a resolution
Paragraph 10
10. Considers that competition in the telecommunications sector is essential, not only to drive innovation and investment in networks but also to encourage affordable prices and choice of services for consumers; calls on the Commission, therefore, to safeguard competition in this sector, including with regard to spectrum allocation; stresses, however, that in order to maintain competition in this sector it is not only necessary to focus on Europe as a whole but also to guarantee competition among telecoms providers within the Member States;
2016/10/24
Committee: ECON
Amendment 202 #

2016/2100(INI)

Motion for a resolution
Paragraph 11
11. ConsiderWelcomes thate ending of roaming charges in the EU isand not sufficient and that intra-EU calls must be also regulated on the same level as local calls; calls on the Commission to submit a legislative proposal for regulating intra-EU caes that problems persist regarding the level playing field in the wholesale roaming market, which could lead to arbitrage with an adverse impact on individual companies; calls on the Commission to monitor market abuses more carefullsy;
2016/10/24
Committee: ECON
Amendment 211 #

2016/2100(INI)

Motion for a resolution
Paragraph 12
12. Welcomes the overhaul of the state aid rules; reminds the Member States, nonetheless, that the aim was to better target aid measures towards economic growth, quality job creation and social cohesion; also remindscalls on the Commission of, in the need to prevent certain governments from acting in bad faith as they do when misspending EU fundMember States and at regional and local government levels, to actively promote compliance with EU competition policy, in particular with regard to the classification and granting of illegal state aid, especially when it is tantamount to anti-competitive and protectionist measures;
2016/10/24
Committee: ECON
Amendment 220 #

2016/2100(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Stresses that, according to a new European Court of Auditors report, there has been in the past a significant level of non-compliance with state aid rules by Member States; points out that that stems from the fact that, to reduce administrative burden and increase transparency, the Commission has simplified state aid legislation, but that, as a result, Member States have made many mistakes when designing and implementing state aid schemes; calls on the Commission to support Member State audit authorities in carrying out checks, having regard to the scope and quality thereof, on compliance with state aid rules;
2016/10/24
Committee: ECON
Amendment 243 #

2016/2100(INI)

Motion for a resolution
Paragraph 13
13. Stresses that – as the Commission has stated for the sixth time in its annual competition report – the temporary state aid granted in the financial sector was necessary for the stabilisation of the global financial system, but must quickly be reduced, or totally removed and scrutinised, once the Banking Union is completed;
2016/10/24
Committee: ECON
Amendment 288 #

2016/2100(INI)

Motion for a resolution
Paragraph 16
16. Calls on the Commission to keep its cartel enforcement record strong and effective in all cases where it has sufficient evidence of infringement; welcomes last year’s five decisions relating to a total of EUR 365 million in fines; also calls, however, for extra vigilance regarding airlines’ ‘anti-competitive cooperation practices’;
2016/10/24
Committee: ECON
Amendment 296 #

2016/2100(INI)

Motion for a resolution
Paragraph 17
17. Notes that the number of notified mergers increased significantly in 2015; asks, therefore, for the relevant serviceCalls for the services examining proposed mergers to be provided with the necessary resources to deal with the workload, thus enabling them to continue to deal effectively with this situation;
2016/10/24
Committee: ECON
Amendment 312 #

2016/2100(INI)

Motion for a resolution
Paragraph 18
18. WelcomesStresses that the Commission’s Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy, and agrees with its five interrelated policy dimensions; also stresses that the EU needs to move away from an economy driven by fossil fuel must continue to be subject to competition law and that state aid checks should also be carried out on measures involving, for example, subsidies for mature technologies;
2016/10/24
Committee: ECON
Amendment 313 #

2016/2100(INI)

Motion for a resolution
Paragraph 19
19. Welcomes the different antitrust investigations, in particular those into against Gazprom and Bulgargaz, aimed at ensuring market integration in the Energy Union; regrets, however, the practice on the part of certain Member States of buying gas through offshore companies, as being a typical example of tax avoidance and an act that is contrary to a properly functioning Energy Union;
2016/10/24
Committee: ECON
Amendment 324 #

2016/2100(INI)

Motion for a resolution
Paragraph 20
20. Welcomes the efforts of the Commission to promote the market integration of renewable energy sources in order to avoid distortions of competition; underlines, however, the responsibility of Member States in promoting and financing the production and use of renewable energy, but looks to the Commission also to take measures to prevent distortions of competition arising out of Member State support programmes;
2016/10/24
Committee: ECON
Amendment 358 #

2016/2100(INI)

Motion for a resolution
Paragraph 21
21. Stresses that excessive taxation of the agri-food industry could easily destroy competition and would be against the interests of consumers; points out, however, that tax policy remains exclusively a Member State matter, so that the Commission should confine itself to issuing recommendations;
2016/10/24
Committee: ECON
Amendment 406 #

2016/2100(INI)

Motion for a resolution
Paragraph 25
25. Calls on the Commission to put forward a proposal for EU action to ensure that the national competition authorities are more effective enforcers, so that the full potential of the decentralised system of EU competition enforcement can be realised;
2016/10/24
Committee: ECON
Amendment 431 #

2016/2100(INI)

Motion for a resolution
Paragraph 27
27. Stresses that Parliament should also be granted codecision powers in the field of competition policy, and regrets that this area of Union policy has not been strengthened in its democratic dimension in recent treaty amendments; calls, therefore, for the treaties to be amended accordingly and for the ordinary legislative procedure under the Lisbon Treaty to apply to competition law too;
2016/10/24
Committee: ECON
Amendment 61 #

2016/2099(INI)

Motion for a resolution
Paragraph 1
1. Stresses that the current crisis has significantly weakened potential growth in the European economy and that one of the main factors is the decline in public and private investment in the EU, to approximately 18 % below 2007 levels; is greatly concerned about the high unemployment, ongoing poverty and macroeconomic imbalances in some Member States; in extreme cases such as Greece and Portugal the declining public and private investment has reached alarming levels and, according to the OECD, gross national income (GNI) has declined by 65 % in Greece and by 35 % in Portugal from 2007 levels;
2016/10/24
Committee: ECON
Amendment 71 #

2016/2099(INI)

Motion for a resolution
Paragraph 2
2. Underlines the fact that the strengthening of EU competitiveness depends among other things on an increase in public and private investment, especially in innovation and digitalisation; underlines in that connection the continued low investment volumes and uncertainty on the financial markets; underlines the importance of wide-ranging additional investments to stimulate growth and employment in Europe and points out the continuing investment gap in comparison to pre-crisis levels;
2016/10/24
Committee: ECON
Amendment 90 #

2016/2099(INI)

Motion for a resolution
Paragraph 5
5. Points out that the EIB requires a new increase in capital deserves consideration, with the objective of safeguarding ithe bank’s financing capacity for the coming years and enabling continued, sustainable project funding to take place;
2016/10/24
Committee: ECON
Amendment 112 #

2016/2099(INI)

Motion for a resolution
Paragraph 8
8. Calls on the EIB to increase its support to EU countries under adjustment programmes in order to contribute to jump- starting their economies; takes the view, however, that the Member States hardest hit by the decline in investment should focus more closely on implementing structural reforms and consolidating their budgets and on creating conditions conducive to investment, paying particular attention to alternative financing instruments;
2016/10/24
Committee: ECON
Amendment 131 #

2016/2099(INI)

Motion for a resolution
Paragraph 10
10. Invites the EIB to present an assessment of the potential effect that Brexit mightwill have on its financial status and in particular its activities;
2016/10/24
Committee: ECON
Amendment 213 #

2016/2099(INI)

Motion for a resolution
Paragraph 19
19. Welcomes the strong increase in EIB lending to innovative projects, which stood at EUR 18.7 billion in 2015, as compared to less than EUR 10 billion in 2008; urges the EIB to continue this effort and to focus on the development of technologies for the future such as energy- efficiency transport, the digital economy and new medical treatments for a better life; believes that concentrating on InnovFin and FinTech will attract projects with added value in the Member States; welcomes the provision of risk financing instruments for start-ups and growing enterprises to fund research and innovation activities;
2016/10/24
Committee: ECON
Amendment 230 #

2016/2099(INI)

Motion for a resolution
Paragraph 23
23. Calls on the EIB to foster the inclusion of investment in human capital in its scope of action, especially in Member States with high levels of unemployment and low rates of productivity; calls on the EIB to re-examine its strategic planning programme, given that, despite the provision of funding, unemployment levels in some Member States have risen disproportionately and remain at alarming levels, which could hamper economic convergence in the EU and damage growth prospects and social cohesion in those Member States and regions in the EU;
2016/10/24
Committee: ECON
Amendment 288 #

2016/2099(INI)

Motion for a resolution
Paragraph 28
28. Asks the EIB to continue its action to tackle the refugee crisis by financing emergency projects in countries of destination and making long-term investments in the refugees’ countries of origin, particularly projects which can effectively reduce the reasons for fleeing those countries of origin;
2016/10/24
Committee: ECON
Amendment 10 #

2016/2098(INI)

Motion for a resolution
Recital B
B. whereas the EIB, as theEurope’s biggest public lender in the world, operates in the international capital markets, offering competitive terms to clients and favourable conditions to support EU policies and projects;
2017/02/07
Committee: CONT
Amendment 42 #

2016/2098(INI)

Motion for a resolution
Paragraph 5
5. Strongly encourages the EIB to continue its efforts to overcome investment, market and sectoral gaps with a view to possibly fostering transnational added value via greater EU economic and territorial convergenceoperation between EU Member States, a stronger investment environment and the return of sustainable growth across the EU;
2017/02/07
Committee: CONT
Amendment 56 #

2016/2098(INI)

Motion for a resolution
Paragraph 9
9. Acknowledges that the EIB is a core actor needed to revitalise the EU economy and maxoptimise the effectiveness and value for money of available financial resources by using revolving instruments, namely through a multiplier effect of guarantee funds and leveraging classical EU financial instruments such as grants;
2017/02/07
Committee: CONT
Amendment 61 #

2016/2098(INI)

Motion for a resolution
Paragraph 10
10. Believes there is a need to secure a resilient and sustainable EU funding strategy to speed upin order to achieve a steady economic recovery and help certain economic sectors and geographical areas, in particular rural areas, to catch up; recalls the need to focus on investment making a difference; believes that projects should be chosen on the basis of their own merits and effective additionality, possibly with a higher risk profile;
2017/02/07
Committee: CONT
Amendment 67 #

2016/2098(INI)

Motion for a resolution
Paragraph 11
11. Reiterates, in this respect and in order to enhance transparency, that more information should be given on the precise nature of individual projects funded directly or indirectly through the EIB’s lending activities, and, in particular, on their added value and expected impact;
2017/02/07
Committee: CONT
Amendment 88 #

2016/2098(INI)

Motion for a resolution
Paragraph 21
21. Recalls that with regard to Europe’s potential to provide funding in third countries the EIB has worldwide responsibilities in ensuring the EU’s attractiveness on the world stage by promoting a conducive investment climate for business and enterprises;
2017/02/07
Committee: CONT
Amendment 93 #

2016/2098(INI)

Motion for a resolution
Paragraph 22
22. Acknowledges the central role of SMEs and mid-caps in the EU economy in terms of employment and growth; encourages the EIB to intensify its support to all kinds of SMEs (start-ups, micro- medium sized businesses, business clusters), with a focus on new business models, inter alia in the field of digitalisation, with high potential job opportunities for young people;
2017/02/07
Committee: CONT
Amendment 116 #

2016/2098(INI)

Motion for a resolution
Paragraph 30
30. Encourages the EIB to focus its climate action on the sustainability of cross-sector projects in the context of the COP21 targets and to support the expanson vigorous promotion of renewable energies andso as to drive them to the market and support resource efficiency; notes that financing for renewables reached EUR 3.4 billion;
2017/02/07
Committee: CONT
Amendment 125 #

2016/2098(INI)

Motion for a resolution
Paragraph 33
33. Welcomes the EIB’s rapid adaptation capacity to international challenges; calls on the EIB to continue its support to EU external policies and emergency response related to the global challenge of migration by including the development aspect and by promoting economic resiliencevesting in projects which generate economic growth and employment in third countries that are particularly affected by the migratory movements;
2017/02/07
Committee: CONT
Amendment 135 #

2016/2098(INI)

Motion for a resolution
Paragraph 38
38. Insists that thea widest possible geographical spread should be considered in the implementation of the EFSI pipeline for the benefit of cohesion and sustainability objectives; asks the EIB to correct the current geographical imbalances and sectoral concentration of the EFSI’s portfolio, namely under the Infrastructure and Innovation Window (IIW) and the Small and Medium-sized Enterprises Window (SMEW), by enhancing its advisory activities for projects development in Member States and technical assistance through the European Investment Advisory Hub (EIAH), by considering expanding the number of sectors eligible for EFSI funding or by better adapting the type and size of the projects to the market needs in Member States;
2017/02/07
Committee: CONT
Amendment 138 #

2016/2098(INI)

Motion for a resolution
Paragraph 39
39. Calls on the EIB to carefully consider in the selection process real additionality and new dynamics along the magnitude of the multiplier effect, which might vary among the projects, in particular in fields where the EIB or the EIF were not already engaged, in cases of market failure or in sub-optimal investment situations;
2017/02/07
Committee: CONT
Amendment 9 #

2016/2097(INI)

Motion for a resolution
Recital B
B. whereas the protection of the EU’s financial interests should be a key element of the EU’s policy to increase the confidence of citizens by ensuring that their money is usmanaged properly and according to the ‘best use of every euro’ approach;
2017/03/01
Committee: CONT
Amendment 16 #

2016/2097(INI)

Motion for a resolution
Recital E
E. whereas the diversity of legal and administrative systems in the Member States presents a challenging environment in whichneeds to be adequately coordinated to overcome irregularities and combat fraud;
2017/03/01
Committee: CONT
Amendment 19 #

2016/2097(INI)

Motion for a resolution
Recital G
G. whereas the current VAT systems, in particular as applied to cross-border transactions, isare vulnerable to fraud and tax avoidance strategies, in which MTIC fraud (Missing Trader Intra-Community fraud, commonly called carousel fraud) alone was responsible for VAT revenue losses of approximately 50 billion EUR in 2014;
2017/03/01
Committee: CONT
Amendment 28 #

2016/2097(INI)

Motion for a resolution
Paragraph 1
1. Is alarmedNotes with concern that the number of all fraudulent and non-fraudulent irregularities reported (22 349 cases) increased significantly for a second consecutive year – first by 48 % in 2014 and then by another 36% in 2015, leading to doubling the amount of registered irregularities within just two years; notes that even though the number of irregularities doubled the sum involved in them (EUR 3.21 billion) remains on the same level as in 2014; calls on the Commission to analyse this development;
2017/03/01
Committee: CONT
Amendment 40 #

2016/2097(INI)

Motion for a resolution
Paragraph 4
4. Notes that under article 27 (3) of the Council Directive 2010/24/EU concerning mutual assistance for the recovery of claims relating to taxes, duties and other measures, the Commission shall report every 5 years to the European Parliament and to the Council on the operation of the arrangements established by this Directive; deploregrets that the evaluation foreseen for at latest 1st of January 2017 is still unpublished; calls on the Commission to publish the evaluation swiftly;
2017/03/01
Committee: CONT
Amendment 50 #

2016/2097(INI)

7. Urges the Member States to recover the amounts of TOR due more quickefficiently, especially those Member States which need to recover the largest amounts; urges Greece, Romania, Latvia, Malta and the Netherlands to improve their collection of TOR, as their rate of TOR due remains significantly above the EU average of 1.71% and is 8.95%, 5.07%, 5.04%, 3.84% and 3.81% respectively;
2017/03/01
Committee: CONT
Amendment 53 #

2016/2097(INI)

Motion for a resolution
Paragraph 8
8. Takes good note of the fact that 75% of all cases reported as fraudulent concern goods as tobacco, electrical machinery, footwear, textiles, iron and steel and that China, the UAE, the US, Belarus, Russia and Ukraine are most frequently reported as countries of origin of such goods; stresses that China is the primary originating country (80%) for counterfeit goods, followed by Hong Kong, United Arab Emirates, Turkey and India;
2017/03/01
Committee: CONT
Amendment 72 #

2016/2097(INI)

Motion for a resolution
Paragraph 14
14. Welcomes the Commission action plan on ‘’VAT-Towards a single EU VAT area’’ published on 7 April 2016; deeply rRegrets that the publication of the “Measures to improve cooperation between tax administrations and with customs and law enforcement bodies and to strengthen tax administrations' capacity” foreseen in the action plan for 2016 will be delayed by one year;
2017/03/01
Committee: CONT
Amendment 75 #

2016/2097(INI)

Motion for a resolution
Paragraph 15
15. Stresses that the implementation of short-term measures to tackle losses on VAT should not delay Commission’s proposal for a definitive VAT system as foreseen in the action plan;deleted
2017/03/01
Committee: CONT
Amendment 101 #

2016/2097(INI)

Motion for a resolution
Paragraph 25
25. Notes with concern that, despite the numerous calls from Parliament for the establishment of uniform reporting principles in all Member States, the situation remains highly unsatisfactory and there are still significanttriking differences in the number of fraudulent and non-fraudulent irregularities reported by each Member State; reiterates its call to the Commission to make serious efforts to resolve the problem ofcoordinate the differingent approaches by Member States to detecting irregularities, and non-homogeneoustoo divergent interpretations when applying the EU legal framework;
2017/03/01
Committee: CONT
Amendment 125 #

2016/2097(INI)

Motion for a resolution
Paragraph 31
31. Supports the Hercule III programme, which is a good example of “best use of every euro” approach; calls on the Commission to closely monitor the use and effectiveness of grants granted under the Hercule III program;
2017/03/01
Committee: CONT
Amendment 158 #

2016/2097(INI)

Motion for a resolution
Paragraph 37
37. Welcomes breaking the deadlock in the Council regarding the proposal on the Directive on the fight against fraud to the Union’s financial interests by means of criminal law (PIF Directive) with a VAT fraud included in its scope; expresses hope for a swift conclusion of the PIF directive negotiations and looks forward to obtaining an agreement that will be beneficial for the financial interests of the Union;
2017/03/01
Committee: CONT
Amendment 164 #

2016/2097(INI)

Motion for a resolution
Paragraph 38
38. Recalls Parliament’s resolution on EPPO adopted on 5th of October 2016; believhopes that an efficient EPPO willcould strengthen the fight against fraud in the EU provideand that it is given the necessary legal provisions and is able to work efficiently with other existing EU bodies and to assist Member State authorities;
2017/03/01
Committee: CONT
Amendment 3 #

2016/2064(INI)

Motion for a resolution
Citation 12 a (new)
– having regard of the Commission’s guidelines on complementarity of European Structural and Investment Funds and the European Fund for Strategic Investment;
2017/03/02
Committee: BUDGECON
Amendment 4 #

2016/2064(INI)

Motion for a resolution
Citation 12 b (new)
– having regard of the double funding rule for combining means from the ESI Funds and EFSI;
2017/03/02
Committee: BUDGECON
Amendment 10 #

2016/2064(INI)

Draft opinion
Recital C
C. whereas the EFSI iscould be a significant tool for contributing to economic, social and territorial cohesion as well as supporting job opportunities, namely by providing solid support to SMEs;
2017/03/29
Committee: CONT
Amendment 13 #

2016/2064(INI)

Motion for a resolution
Paragraph 1
1. Takes note of the large investment gap in Europe, which the Commission estimates at a minimum of EUR 200-300 billion a year; , highlights in particular, against this backdrop, the market needs in Europe for high-risk financing, for instance in the fields of R&D, energy and ICT; is concerned by the fact that the most recent data on national accounts do not indicate any surge in investment since the European Fund for Strategic Investments (EFSI) was launched, leading to risks of continued subdued growth and continuing high unemployment rates; stresses that closing this investment gap is key to reviving growth, fighting unemployment and attaining long-term EU policy objectives;
2017/03/02
Committee: BUDGECON
Amendment 28 #

2016/2064(INI)

Draft opinion
Paragraph 4
4. Acknowledges that the launch of the EFSI has rapidly changed the EIB’s profile and business model in terms of processes and monitoring of signatures and contracts;deleted
2017/03/29
Committee: CONT
Amendment 30 #

2016/2064(INI)

Draft opinion
Paragraph 5
5. Considers that in order to adequately respond to the investment demand and to better address the needs of countries and sectors, it is essential to conduct a preliminary analysis at national level into the causes of the market and investment gaps; including institutional and structural investment barriers.
2017/03/29
Committee: CONT
Amendment 31 #

2016/2064(INI)

Motion for a resolution
Paragraph 2
2. Emphasises that EFSI was launched to help Member States to resolve difficulties and remove obstacles to financing as well as to implement strategic, transformative and productive investments that provide a high level of added value to the economy, the environment and society;
2017/03/02
Committee: BUDGECON
Amendment 33 #

2016/2064(INI)

Draft opinion
Paragraph 6
6. Highlights that it is crucialimportant to consider cross-border European added value in the implementation of the selected projects and whether they make an effective contribution to the existing EU common policy objectives;
2017/03/29
Committee: CONT
Amendment 59 #

2016/2064(INI)

Motion for a resolution
Paragraph 4
4. Recalls that the purpose of EFSI is to ensure additionality by helping to address market failures orMember States to address suboptimal investment situations and supporting operations which could not have been carried out under existing Union financial instruments;
2017/03/02
Committee: BUDGECON
Amendment 66 #

2016/2064(INI)

Draft opinion
Paragraph 27 a (new)
27 a. Stresses the importance of the double funding rule for combining means from the ESI Funds and EFSI and the Commission's guidelines on complementarity of European Structural and Investment Funds and the European Fund for Strategic Investment;
2017/03/29
Committee: CONT
Amendment 69 #

2016/2064(INI)

Draft opinion
Paragraph 27 b (new)
27 b. Notes that one entity can receive resources from both ESI Funds and EFSI for the same project if the respective conditions are met, underlines that this practice opens the door to confusion, misunderstanding and possibly abuse; instructs the Commission to investigate and report on such projects; calls on the Commission to take the necessary measures against possible abuse of ESI Funds and EFSI resources for political pruposes; calls on the Commission to investigate and scrutinize possible ties between projects and politicians and political pressure groups;
2017/03/29
Committee: CONT
Amendment 113 #

2016/2064(INI)

Motion for a resolution
Paragraph 9
9. Notes that, as provided for in the regulation, prior to a project being selected for EFSI support, it has to undergo due- diligence and decision-making processes both in the EIB and the EFSI governance structures; observes that project promoters have expressed a wish for swift feedback and enhanced transparency in relation to both the selection criteria and the amount and type/tranche of possible EFSI support; criticises the current lack of clarity, which deters project promoters from applying for EFSI support; calls for the decision-making process to be made more transparent in respect of the selection criteria and financial support and to be speeded upincrease time- effectiveness;
2017/03/02
Committee: BUDGECON
Amendment 155 #

2016/2064(INI)

Motion for a resolution
Paragraph 12
12. Acknowledges that it may take some years to prepare new innovative projects,; takes note that the EIB is under pressure to achieve the EUR 315 billion goal and therefore had no option butdecided to launch EFSI activities immediately, is concerned, however,; notes that the EIB, when implementing EFSI, has thus far drawn on its existing project pipeline with lower risk projects to a large extent, thereby reducing its own conventional financing; fears that EFSI does not provide complementary financing for high-risk innovative projects; underlines that even though a project qualifies as a special activity, this does not necessarily imply that it is risky, however the classification as a special activity might also stem from the fact that its financing has been structured in an artificially risky fashion, implying that very low-risk projects can also easily end up as high-risk projects;
2017/03/02
Committee: BUDGECON
Amendment 160 #

2016/2064(INI)

Motion for a resolution
Paragraph 13
13. Requests that the EIB provide an well-reasoned and comprehensive estimate of its potential annual lending capacity in the medium term, taking into account EFSI and possible regulatory developments and to continue its own lending at rates of EUR 70-75 billion a year, using profits, repayments from the programmes etc., and that it use EFSI as complementary tool; notes that this would mean the business volume of the EIB would reach at least EUR 90 billion, not EUR 75 billion in total;
2017/03/02
Committee: BUDGECON
Amendment 185 #

2016/2064(INI)

Motion for a resolution
Paragraph 16
16. Emphasises that EFSI is a demand-driven instrument, which should, however, be guided by the political objectives set out in the regulation and defined by the Steering Board;deleted
2017/03/02
Committee: BUDGECON
Amendment 233 #

2016/2064(INI)

Motion for a resolution
Paragraph 20
20. Recalls that the IC experts are responsible for EFSI project selection, granting the EU guarantee and for approving operations with investment platforms and National Promotional Banks (NPBs) or institutions; recallstresses further that they are independent; considers that project selection is not transparent enough and that decisions have to be accounted for; stresses that the EIB should make improvements to the disclosure of information about the projects it approves under EFSI, with a proper justification of additionality and the scoreboard; is concerned about documented conflicts of interest on the part of IC members;
2017/03/02
Committee: BUDGECON
Amendment 260 #

2016/2064(INI)

Motion for a resolution
Paragraph 25
25. Urges the EFSI governing bodies to pay greater attention to investment platforms with a view to maximising the benefits that the latter can bring in overcoming investment barriers, especially in EU-13; invites the EIB to providebetter inform stakeholders with more information onabout these platforms;
2017/03/02
Committee: BUDGECON
Amendment 304 #

2016/2064(INI)

Motion for a resolution
Paragraph 31
31. Is pleased that the EIAH has been up and running since September 2015, moving through a quick implementation phase; acknowledges that, due to the limited period of its existence and a shortage of staff at the initial stage, not all EIAH services have been fully developed and that activity has predominantly focused on providing support for project development and structuring, policy advice, and project screening; notes however that the EIAH has already dealt with some 230 requests from 27 Member States and the EIPP has already published more than 100 investment projects since its launch on 1 June 2016;
2017/03/02
Committee: BUDGECON
Amendment 311 #

2016/2064(INI)

Motion for a resolution
Paragraph 36 a (new)
36a. Recalls that the advisory hub has been established to help project promoters to develop their projects so that they fulfil the eligibility criteria according to the EFSI regulation; calls on the EIB, EFSI and advisory hub to prioritize on efficient and effective communication with promotors with a view to maximising the benefits that the latter can bring in overcoming investment barriers;
2017/03/02
Committee: BUDGECON
Amendment 346 #

2016/2064(INI)

Motion for a resolution
Paragraph 45
45. Notes that awareness of overlaps and competition between EFSI and financial instruments of the EU budget on the part of the Commission and the EIB has led to the adoption of guidelines recommending the combination of EFSI and ESI financing; points, however, to persistent differences in the eligibility criteria, regulations, timeframe for reporting and the application of state aid rules, which hinder combined usage; welcomes the fact that the Commission has begun to address these in its proposal for a revision of the Financial Regulation; believes that further efforts are required and that the second and third pillars of the investment plan are key to this end;
2017/03/02
Committee: BUDGECON
Amendment 348 #

2016/2064(INI)

Motion for a resolution
Paragraph 45 a (new)
45a. Notes that one entity can receive resources from both ESI Funds and EFSI for the same project if the respective conditions are met, underlines that this practice opens the door to confusion, misunderstanding and possibly abuse; instructs the Commission to investigate and report on such projects; calls on the Commission to take the necessary measures against possible abuse of ESI Funds and EFSI resources for political purposes; calls on the Commission to investigate and scrutinize possible ties between projects and politicians and political pressure groups;
2017/03/02
Committee: BUDGECON
Amendment 357 #

2016/2064(INI)

Motion for a resolution
Paragraph 46
46. Is deeply concerned that the EIB has been pushing via EFSI to support projects that have been structured using firms in tax havens; urges the EIB and the EIF to refrain from making use of or engaging in tax avoidance structures, in particular aggressive tax planning schemes, or practices which do not comply with EU good governance principles on taxation, as set out in the relevant Union legislation, including Commission recommendations and communications;
2017/03/02
Committee: BUDGECON
Amendment 384 #

2016/2064(INI)

Motion for a resolution
Paragraph 49
49. Acknowledges that EFSI alone - and on a limited scale- will probably not be able to close the investment gap in Europe, but that it nevertheless constitutes a central pillar of the EU’s investment plan and signals the EU’s determination to tackle this issue; calls for further proposals to be made on how to permanently boocreative a sustainable and robust investment climate in Europe;
2017/03/02
Committee: BUDGECON
Amendment 174 #

2016/2059(INI)

Motion for a resolution
Paragraph 17
17. Expresses concern at the proposed doubling of capacity of the Nord Stream pipeline, and the effects this would have on energy security and diversification of supply sources and the principle of solidarity among Member States; highlights that the project runs contrary to the underlying principles of a fully integrated, secure, competitive and sustainable Energy Union and as such should not benefit from the EU’s financial support or from derogations from EU law;deleted
2016/06/16
Committee: ITRE
Amendment 184 #

2016/2059(INI)

Motion for a resolution
Paragraph 18
18. Considers that if, contrary to European interests, Nord Stream 2 were to be built, the importance of enabling access to LNG terminals and completing the North-South Gas Corridor in central and south-eastern Europe will significantly increase;
2016/06/16
Committee: ITRE
Amendment 33 #

2016/2058(INI)

Motion for a resolution
Recital C
C. whereas the share of primary energy from fossil fuels in heating and cooling is 75% and does not guarantee decarbonisation, thereby accelerating climate change and causing significant harm to the environmentheating and cooling sector needs to fully contribute to the EU's greenhouse gas emission reduction targets for 2030 and 2050;
2016/05/30
Committee: ITRE
Amendment 74 #

2016/2058(INI)

Motion for a resolution
Recital G
G. whereas natural gas is becoming ever more important in heating given that the chemical energy stored in it can be converted into heat energy highly cost efficiently as well as can be stored and transported easily within the European infrastructure;
2016/05/30
Committee: ITRE
Amendment 80 #

2016/2058(INI)

Motion for a resolution
Recital G a (new)
Ga. whereas there is a considerable variation of circumstances among the Member States concerning demand profiles, infrastructure capacities, environment and climate, availability of energy sources, purchasing power, buildings, and access to finance;
2016/05/30
Committee: ITRE
Amendment 118 #

2016/2058(INI)

1a. Believes that due to the variation of circumstances among Member States, it is necessary to keep open a variety of options so as to decarbonise heating, rather than focusing on a small number of options as this would limit competition, innovation, consumer choice and affordability;
2016/05/30
Committee: ITRE
Amendment 123 #

2016/2058(INI)

Motion for a resolution
Paragraph 1 b (new)
1b. Supports that conclusion in the heating and cooling strategy that "consumers must be at the centre of this strategy" by enabling them to use a variety of technologies and solutions so as to help them shift to more sustainable consumption patterns and generate savings;
2016/05/30
Committee: ITRE
Amendment 128 #

2016/2058(INI)

Motion for a resolution
Paragraph 2
2. Takes the view that the shorter the chain, supported by modern and highly efficient appliances, by which primary energy is converted into other forms to generate usable heat, the higher the energy efficiency;
2016/05/30
Committee: ITRE
Amendment 216 #

2016/2058(INI)

Motion for a resolution
Paragraph 7
7. Stresses that in dense urban agglomerations it is imperative that the use of individual heating systems that depend on fossil fuels be restricted and replaced with large-scale local cogeneration systems that produce heat and electricityas well as district heating systems to be optimized so as to comply with the emission reduction targets of the EU, while keeping costs for suppliers and consumers affordable;
2016/05/30
Committee: ITRE
Amendment 257 #

2016/2058(INI)

Motion for a resolution
Paragraph 9
9. Expresses the view that, in Europe's temperate climate zone, reverse systems for heating (winter) and cooling (summer) using gas and electric heat pumps could become very important;
2016/05/30
Committee: ITRE
Amendment 303 #

2016/2058(INI)

Motion for a resolution
Paragraph 14
14. Calls on the Commission to draw up a plan to promote the sustainable use of organic waste for heating and cooling as part of the 'Waste to eEnergy' programme whereby the principle of Cascadian usage shall be duly taken into account;
2016/05/30
Committee: ITRE
Amendment 351 #

2016/2058(INI)

Motion for a resolution
Paragraph 20
20. GivenPoints out that fossil fuels account for 75% of the primary energy supply in heating and cooling, and therefore for more than 37% of the EU’s total energy consumption, points out to the Commission the possibility of including those sectors in the EU ETS, including fuel combustion facilities with a capacity of less than 20 MW; believes therefore that best practices of Member States should be identified on how to incentivize a fuel- switch without distorting the market or impose additional costs on consumers;
2016/05/30
Committee: ITRE
Amendment 385 #

2016/2058(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Calls on the Commission to promote measures to modernise inefficient heating and cooling appliances in the review of the energy performance of Buildings Directive, whereby the review of the energy labelling system can play a key role to stimulate activity in this sector;
2016/05/30
Committee: ITRE
Amendment 416 #

2016/2058(INI)

Motion for a resolution
Paragraph 26
26. Takes the view that consumers must be made fully aware of the technological and economic benefits of new heating and cooling systems, so as to enable them to make the best possible choices; believes however that consumers should be able to make informed decisions concerning their heating and cooling application based on their individual circumstances;
2016/05/30
Committee: ITRE
Amendment 423 #

2016/2058(INI)

Motion for a resolution
Paragraph 26 a (new)
26a. Believes that the reliability of data is of crucial importance in developing the future heating and cooling policy; believes that commonly agreed and verified breakdowns as well as a stronger focus on bottom-up data collections is necessary to support evidence based policy decisions;
2016/05/30
Committee: ITRE
Amendment 2 #

2016/2056(INI)

Motion for a resolution
Citation 17 a (new)
- having regard to the report of the European Parliament "on stocktaking and challenges of the EU Financial Services Regulation: impact and the way forward towards a more efficient and effective EU framework for Financial Regulation and a Capital Markets Union" (2015/2106(INI)),
2016/06/29
Committee: ECON
Amendment 12 #

2016/2056(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas the European Parliament states in its resolution on consolidation in the financial services industry that the pluralistic structure of the EU banking market, where financial institutions take diverse legal forms in accordance with their diverse business aims, is an asset to the European social market economy, consumers and the stability of the financial markets;
2016/06/29
Committee: ECON
Amendment 24 #

2016/2056(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas on the demand side, the provision of retail financial services is to a large extent a local business;
2016/06/29
Committee: ECON
Amendment 30 #

2016/2056(INI)

Motion for a resolution
Recital C
C. whereas the rapid transformation brought about by digitalisation and fintech innovation not only creates new and often bettermore individualized financial products for consumers, but also involves key challenges in terms of security, data protection, consumer protection and taxation;
2016/06/29
Committee: ECON
Amendment 58 #

2016/2056(INI)

Motion for a resolution
Paragraph 2 a (new)
2a. Welcomes a clear regulatory framework on data flow; believes data shall flow freely within the same company; believes that markets provide for business potentials if a clear legal framework takes away legal uncertainty;
2016/06/29
Committee: ECON
Amendment 99 #

2016/2056(INI)

Motion for a resolution
Paragraph 6
6. Notes the increasing complexity of retail financial products; insists on the need to develop initiatives and instruments that allow consumers to identify safe and simple products within the range of products available to them; supports initiatives such as the Key Investment Information Document for undertakings for collective investments in transferrable securities (UCITS) and the Key Information Document for packaged retail and insurance-based investment products (PRIIPs); recalls that consumer protection does not necessarily entail large volumes of information and that the focus should rather be on the quality and comprehensibility of information enabling proper decision-making – information must be relevant, accurate, comparable, user-friendly, reliable and timely;
2016/06/29
Committee: ECON
Amendment 131 #

2016/2056(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Points out that to boost cross- border financial business, interoperable e- identity tools are needed; points out that efforts in making authentication tools more accessible for consumers are often limited and varying much between Member States due to national laws;
2016/06/29
Committee: ECON
Amendment 136 #

2016/2056(INI)

Motion for a resolution
Paragraph 8 b (new)
8b. Believes that the digitalisation, automatic translation services and an increase in digital infrastructure can help to remove market obstacles for financial institutions wishing to have a physical presence in another Member State;
2016/06/29
Committee: ECON
Amendment 138 #

2016/2056(INI)

Motion for a resolution
Paragraph 8 c (new)
8c. Believes that in the context of digitalisation, the same rules should apply to the same businesses with the same risks so as to allow for healthy competition and preventing any form of regulatory arbitrage;
2016/06/29
Committee: ECON
Amendment 139 #

2016/2056(INI)

Motion for a resolution
Paragraph 8 d (new)
8d. Points out that banks have to comply with stricter rules than fintechs in areas such as customer identification and lending procedures; believes that legislation should be balanced to not hamper innovation;
2016/06/29
Committee: ECON
Amendment 144 #

2016/2056(INI)

Motion for a resolution
Paragraph 9
9. Notes that frontline employees at financial institutions have a crucial role to play in opening up retail services to all strands of society and to consumers all over Europe; points out that such employees should, in principle, be given the training and time necessary to be able to serve their customers accurately, and should not be made subject to sales targets or inducements that could bias or distort their adviceunjustified inducements impairing the ability to pursue the best interest of the customer according to the respective EU legal framework;
2016/06/29
Committee: ECON
Amendment 156 #

2016/2056(INI)

Motion for a resolution
Paragraph 9 a (new)
9a. Underlines that retail banking plays a decisive role in the proper transmission of monetary policy conditions to the market, particularly to consumers; highlights the importance of an appropriate monetary policy environment in order to promote consumers' long-term savings;
2016/06/29
Committee: ECON
Amendment 161 #

2016/2056(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Observes that there are still differences between electronic identification regulations and the know- your-customer and anti-money laundering requirements; notes that existing regulations require personal identification and personal evaluations to be carried out for customers to be accepted on a permanent basis; stresses that such requirements limit the development of fully digital financial services, raising significant barriers to the taking on of new consumers;
2016/06/29
Committee: ECON
Amendment 184 #

2016/2056(INI)

Motion for a resolution
Paragraph 12
12. Emphasises that the enforcement of EU and national financial and consumer legislation needs to be strengthened; stresses that the European Supervisory Authorities should step up their activities on consumer issues within the limitations of their mandate and that the agencies responsible in a number of Member States should start to work more actively and competently in this field;
2016/06/29
Committee: ECON
Amendment 227 #

2016/2056(INI)

Motion for a resolution
Paragraph 17
17. Urges the Commission and the Member States, by working carefully on the implementation of the eIDAS Regulation and the new anti-money laundering legislation, inter alia, to create – as should be entirely feasible – a general environment in which robust security requirements are combined with fair and simple procedures for consumers to identify themselves; believes that AML rules shall be modified so that face-to- face identification can be complemented by procedures for distance identification;
2016/06/29
Committee: ECON
Amendment 229 #

2016/2056(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Urges the Commission to provide a legislative proposal to make the 4th Anti Money Laundering Directive fit for the digital era, helping to boost cross-border sales of retail financial services and reducing enhanced restrictive obligations; believes that varying interpretations of one and the same legal text, leading to gold plating, creates a particular obstacle to introduce the financial industry in the Digital Single Market;
2016/06/29
Committee: ECON
Amendment 236 #

2016/2056(INI)

Motion for a resolution
Paragraph 18 a (new)
18a. Believes that providing complex product information in 24 official EU languages, which has to be navigated within European and national laws on information duties, hampers cross-border business, as the consumer is only informed if he is able to process the amount of information and is not overloaded; asks for a framework that specifies EU-wide standards of clarity, simplicity and transparency of the information provided to customers so that they are really enabled to take informed decisions;
2016/06/29
Committee: ECON
Amendment 241 #

2016/2056(INI)

Motion for a resolution
Paragraph 18 b (new)
18b. Emphasises the need for a competitive European retail financial services market; highlights the stock taking exercise of the financial services framework by the Commission and calls on her and the European Supervisory Authorities to pursue a legislative and regulatory framework which is coherent, consistent, proportionate, non-duplicative and free of superfluous complexity; considers that this should support retail financial services providers in further improving quality and choice of their products and services and safeguarding financial inclusion;
2016/06/29
Committee: ECON
Amendment 253 #

2016/2056(INI)

Motion for a resolution
Paragraph 19
19. Asks the Commission to study further the benefits and costs of guaranteeenhancing domestic and cross-border portability in various parts of the retail financial services market (for example as regards insurance products and bank account numbers);
2016/06/29
Committee: ECON
Amendment 261 #

2016/2056(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Urges the commission to create real interoperability of different national systems to manage electronic identities so as to create a base for establishing a European digital ID usable for all EU citizens when accessing financial services;
2016/06/29
Committee: ECON
Amendment 273 #

2016/2056(INI)

Motion for a resolution
Paragraph 20 a (new)
20a. Urges the Commission to await the national implementation of the Mortgage Credit Directive, Payment Service Directive, Payment Accounts Directive, Insurance Distribution Directive, Consumer Credit Directive, PRIIPs, KIDs and MiFID II and to evaluate their effects before bringing up any new proposals in any of these areas;
2016/06/29
Committee: ECON
Amendment 7 #

2016/2047(BUD)

Draft opinion
Paragraph 1
1. Calls for the 2017 draft budget to reflect and support the priorities outlined in the European Semester,; notes that, to achieve sustainable economic growth, it is necessary specifically to relaunching investment, pursuinge structural reforms to modernise European economies, and conducting responsible fiscal policies;
2016/07/25
Committee: ECON
Amendment 40 #

2016/2047(BUD)

Draft opinion
Paragraph 4
4. Points out, however, that, in the case of the EBA, sufficient resources should be provided for in the 2017 draft budget to prepare afor relocation away from London when, and to carry it out, since the United Kingdom is withdrawsing from the European Union and the seat of the EBA must therefore be moved to the EU;
2016/07/25
Committee: ECON
Amendment 96 #

2016/2041(INI)

Motion for a resolution
Paragraph 4
4. Highlights the role ofimportance of ensuring that renewable support schemes in attracting long-term investment andre consolidating the renewable sectorst- efficient and purely market-based; rejects the retroactive elimination of renewable support schemes;
2016/04/13
Committee: ITRE
Amendment 117 #

2016/2041(INI)

Motion for a resolution
Paragraph 5
5. Recalls Parliament’s target of 85 % of financing for non-fossil energy under the energy chapter of Horizon 2020; calls for public national investments of this kind to be exempted from deficit rules;
2016/04/13
Committee: ITRE
Amendment 157 #

2016/2041(INI)

Motion for a resolution
Paragraph 10
10. Reiterates Parliament’s call for bindingCouncil Conclusions from 23/24 October 2014, setting an EU targets of a 30 %t least 27% for the share of renewable energy consumption and 40 % in energy savings for 2030ed in the EU in 2030 and an indicative target at the EU level of at least 27% for improving energy efficiency in 2030 compared to projections of future energy consumption based on the current criteria;
2016/04/13
Committee: ITRE
Amendment 166 #

2016/2041(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Points out that the Paris agreement highlights the need to ensure sustainable and cost-efficient development of renewable energy in the EU; calls therefore for a commitment to market- based mechanisms in the delivery of decarbonisation;
2016/04/13
Committee: ITRE
Amendment 177 #

2016/2041(INI)

Motion for a resolution
Paragraph 12
12. Stresses that Member States should justify the use of provisions for statistical transfers and the devefacilitate cost-effective deplopyment of cooperation mechanisms to meet their targets on the basis of feasibility constraints with regard to developing renewables, so as to ensure that national targets are actually bindingthe renewable energy potential in the EU; reiterates that Council Conclusions from October 2014 do not foresee binding targets for RES; asks therefore for a governance system to be enforced;
2016/04/13
Committee: ITRE
Amendment 195 #

2016/2041(INI)

Motion for a resolution
Paragraph 14
14. Stresses the importance of public consultation and participation in the planning of new energy infrastructure projects, in particular as regards new interconnections; proceedings must be conform with regulation (EU) No 347/2013 on guidelines for trans- European energy infrastructure;
2016/04/13
Committee: ITRE
Amendment 211 #

2016/2041(INI)

Motion for a resolution
Paragraph 16
16. Highlights the need for a differential treatment betweendifferent capabilities of micro, small and large producers; stresses the importance of ensurproviding financial and administrative faciliticentives for ‘prosumers’ (households, micro and small businesses, cooperatives, public administrations and non-commercial entities that engage in energy production); notes that non-variable forms of renewables production, such as hydropower, play an important role in supporting the integration of variable renewables in the market;
2016/04/13
Committee: ITRE
Amendment 235 #

2016/2041(INI)

Motion for a resolution
Paragraph 18
18. Stresses that renewable electricity production from variable renewables should be better integrated with the electric distribution and transmission systems, considering the changes towards a more decentralised model for energy;
2016/04/13
Committee: ITRE
Amendment 248 #

2016/2041(INI)

Motion for a resolution
Paragraph 19
19. Notes the Commission’sat demand-response, storategy to increase demand-response mechanismsge and flexible power generation facilitate an increasing share of renewable energy; stresses that thiconsumers should not create an additional financial burden for citizensbe free to decide whether to benefit from such services or not;
2016/04/13
Committee: ITRE
Amendment 263 #

2016/2041(INI)

Motion for a resolution
Paragraph 20
20. Highlights that stabilittransparency in energy prices is necessary to induce the adequate demand responses from consumers;
2016/04/13
Committee: ITRE
Amendment 229 #

2016/2038(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the fact that the Commissioner for Competition, Margrethe Vestager, has categorised transfer pricing as a particular focus area for state aid cases, as it is reported to be a common tool used by MNEs for tax evasionavoidance1a schemes such as inter-group loans; __________________ 1a Wording corrected: tax evasion is illegal; tax avoidance is legal.
2016/06/02
Committee: TAX2
Amendment 238 #

2016/2038(INI)

Motion for a resolution
Paragraph 10
10. Strongly emphasises that the work of whistleblowers is crucial for revealing scandals of tax evasion and avoidance, and that, therefore, protection for whistleblowers needs to be legally guaranteed and strengthened EU-wide; notes that the European Court of Human Rights and the Council of Europe have undertaken work on this issue; considers that courts and Member States should ensure the protection of legitimate business secrets while in no way hindering, hampering or stifling the capacity of whistleblowers and journalists to document and reveal illegal, wrongful and harmful practices where this is clearly and overwhelmingly in the public interest; considers that whistleblowers should already be protected when they report a suspicion of malpractice, crime, fraud or illegal activity to the competent authorities or the appropriate professional association; regrets that the Commission has no plans for prompt action on the matter;
2016/06/02
Committee: TAX2
Amendment 247 #

2016/2038(INI)

Motion for a resolution
Paragraph 11
11. Notes that the Commission has launched a consultation on dispute settlement mechanisms to avoid cross- border double taxation; calls, in this context, for a result within an acceptable period of time, so that the taxpayers concerned can be involved in these procedures;
2016/06/02
Committee: TAX2
Amendment 281 #

2016/2038(INI)

Motion for a resolution
Paragraph 14
14. Calls for a concrete Union regulatory framework for sanctions against the blacklisted non-cooperative jurisdictions, including, but not limited to, the possibility of reviewing and, in the last resort, suspending free trade agreements and prohibiting access to Union funds; calls for the sanctions also to apply to companies, banks, and accountancy and law firms, and to tax advisers proven to be involved with those jurisdictions; points out, nevertheless, that individuals and firms must continue to enjoy the unrestricted right to be advised on or represented in tax matters;
2016/06/02
Committee: TAX2
Amendment 303 #

2016/2038(INI)

Motion for a resolution
Paragraph 16
16. Recommends introducing an EU- wide withholding tax, in order to ensureUrges that profits generated within the Union arshould be taxed at least once before leaving it; notes that such a proposal should include a refund system and that at the same time Member States should take steps to prevent double taxation;
2016/06/02
Committee: TAX2
Amendment 353 #

2016/2038(INI)

Motion for a resolution
Paragraph 23
23. Calls on the Commission to come forward with a Union CNotes that associations representing tax advisers and fiduciaries have already drawn up codes of Conduct for all advisory services, including a Union incompatibility regime for tax advisers, in order to prevent them from advising both public and private sectors and to prevent otherprofessional conduct at Member State level; calls on the Member States to review and if necessary broaden the scope of existing codes of conduct for individuals and bodies providing advisory services with a view to clamping down on conflicts of interest;
2016/06/02
Committee: TAX2
Amendment 358 #

2016/2038(INI)

Motion for a resolution
Paragraph 24
24. Stresses the importance of clear separation between tax advising services and auditing services within accountancy firms; asks the Commission, in that connection, to study the possibility of revising the Accounting Directive and Regulation to this effectRegulation (EU) No 537/2014 of the European Parliament and of the Council on specific requirements regarding statutory audit of public- interest entities;
2016/06/02
Committee: TAX2
Amendment 366 #

2016/2038(INI)

Motion for a resolution
Paragraph 25
25. Stresses the need for concrete sanctions, including the possibility of revoking business licences for professionals and companies proved to be involved in designing, advising on the use of, or utilising aggressive tax planning and evasion schemillegal tax practices; requests that the Commission explore the feasibility of introducing proportional financial liability for tax advisers engaged in unlawful tax practices; emphasises, in this context, that the Member States are responsible for ensuring that the Commission complies with the accepted principle of 'nulla poena sine lege' enshrined in Article 49 of the Charter of Fundamental Rights of the European Union;
2016/06/02
Committee: TAX2
Amendment 500 #

2016/2038(INI)

Motion for a resolution
Paragraph 45
45. Calls for a global assets register of all assets held by individuals, companies and all entities such as trusts and foundations, to which tax authorities would have full access; emphasises, however, that the ability of Member States to protect this confidential information against unauthorised access and to guarantee that human and fundamental rights are upheld must be prerequisites for access to the register and the exchange of information;
2016/06/02
Committee: TAX2
Amendment 8 #

2016/2033(INI)

Motion for a resolution
Recital E
E. whereas the current VAT system is vulnerable to fraud and other factors, including VAT uncollected due to insolvencies, tax avoidance or miscalculation, and the estimated total 'VAT gap' amounts to around EUR 170 billion annually;
2016/06/02
Committee: ECON
Amendment 107 #

2016/2033(INI)

Motion for a resolution
Paragraph 13
13. Notes that the current plethora of VAT rates causes great uncertainty for companies involved in cross-border trading; Further notes, that other issues such as person liable for the payment of VAT, proof of intra-community supply, risk of involvement in missing trader fraud and cash-flow issues equally cause great concerns in practice;
2016/06/02
Committee: ECON
Amendment 127 #

2016/2033(INI)

Motion for a resolution
Paragraph 15
15. Takes the view that the complete abolition of minimum tax rates as an alternative, as advocated by the Commission, might cause considerable distortions of competition and problems in the single market and can only be sanctioned if the reverse charge procedure is introduced for all levels and types of VAT and not only for individual sectors which are particularly susceptible to fraud; believes that the introduction of a general reverse charge system would put at risk the development of a coherent, harmonized and fraud- proof VAT-system for all Member States and stakeholders; notes, that it would create further distortions in the internal market;
2016/06/02
Committee: ECON
Amendment 131 #

2016/2033(INI)

Motion for a resolution
Paragraph 15 a (new)
15a. Believes that the implementation of a general reverse charge system will not be favourable to countries with a high number of SMEs as a single point of collection of the VAT at the retail level is highly fraud-sensitive as far as the rate exceeds 6-8%;
2016/06/02
Committee: ECON
Amendment 170 #

2016/2033(INI)

Motion for a resolution
Paragraph 20
20. Notes, that the applicaintroduction of a generalised reverse charge procedure might enable cross-border carousel fraud to be largely eradicated and would significantly reduce the administrative costsystem, even on an experimental and national basis, would harm the development of a coherent, harmonized and fraud proof VAT system by creating additional distortions within the internal market and thereby also increase opportunities for SMEsfraud;
2016/06/02
Committee: ECON
Amendment 182 #

2016/2033(INI)

Motion for a resolution
Paragraph 21
21. Calls on the Commission to conduct pilot projects to test out a general reverse charge procedure in terms of cost, implementation problems and long-term advantages, as some Member States have offered to carry out or have called for;deleted
2016/06/02
Committee: ECON
Amendment 193 #

2016/2033(INI)

Motion for a resolution
Paragraph 22
22. Takes the view that national tax administrations must take greater responsibility for ensuring tax compliance and reducing opportunities for evasion in the reverse charge procedure and in the general implementation of the country-of- destination principle;
2016/06/02
Committee: ECON
Amendment 198 #

2016/2033(INI)

Motion for a resolution
Paragraph 23
23. Notes that a 'one-stop shop' is essential if the country-of-destination principle is to be imposed and made less prone to fraud; calls for a clear definition of which Member State is responsible for tax inspection in the case of cross-border transactions; stresses that compliance with VAT rules of other Member States is a great concern for micro-businesses and calls for a generous exemption threshold to prevent that micro-businesses are discouraged from selling cross-border; calls for a clear definition of which Member State is responsible for tax inspection in the case of cross-border transactions; believes that a high threshold which includes all supplies, domestic and cross-border, whether digital or not, whether distant sales or not, would ensure greater consistency of the system; is of the opinion, that such a system would allow SMEs to have to concern themselves with only one tax authority and only one set of VAT-rules; urges, that such a system has be to drawn up in respect of the principles of subsidiarity;
2016/06/02
Committee: ECON
Amendment 205 #

2016/2033(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Believes the separation between public and private tax consultancies would hamper the efficiency of the public sector and would constitute an undue restriction on the freedom of enterprise and competition among tax consultants and auditors;
2016/06/02
Committee: ECON
Amendment 206 #

2016/2033(INI)

Motion for a resolution
Paragraph 23 b (new)
23b. Believes that the existing rules for establishing the identity of owner and beneficiary are sufficiently covered in a number of Member States; points out, that this corresponds to a high administrative effort on part of the national tax consultants and auditors; therefore points out, that any allegations of fraud need to be thoroughly investigated;
2016/06/02
Committee: ECON
Amendment 218 #

2016/2033(INI)

Motion for a resolution
Paragraph 26
26. Calls in the short term for a comprehensive internet portal for companies and end-users to find, clearly and easily, information on the VAT rates applicable to individual products and services in the Member States; urges that language and design of this portal are easy to understand and clear to handle; reiterates the conviction that assisting companies having a clear understanding of VAT rules applicable in Member States will further strengthen anti-VAT-fraud measures;
2016/06/02
Committee: ECON
Amendment 239 #

2016/2033(INI)

Motion for a resolution
Paragraph 28 a (new)
28a. Takes the view that a solution within the OECD framework is preferred to stand-alone-measures, which need to be harmonised with OECD- recommendations and the BEPS action plan;
2016/06/02
Committee: ECON
Amendment 21 #

2016/2006(INI)

Motion for a resolution
Recital D a (new)
Da. whereas the September 2002 Norwalk Agreement between the IASB and the US Financial Accounting Standards Board (FASB) proposed that there should be convergence between the two standard setters;
2016/03/02
Committee: ECON
Amendment 49 #

2016/2006(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Points out that the International Organisation of Securities Commissions (IOSCO) represents more than 192 securities regulators, encompassing 95% of the global securities market, some of which already use the IFRS accounting methods identified by the IASB; points out that IOSCO has put it on record that, with regard to the international capital market, the IFRS are regarded as the most suitable financial reporting standards;
2016/03/02
Committee: ECON
Amendment 51 #

2016/2006(INI)

Motion for a resolution
Paragraph 3 b (new)
3b. Welcomes the IFRS and IOSCO protocols on enhanced cooperation in view of the key issues, identified by the G20, concerning regulation of securities markets; regards that cooperation as necessary in order to meet the need for high-quality global accounting standards and to encourage application of consistent standards across varying national settings;
2016/03/02
Committee: ECON
Amendment 52 #

2016/2006(INI)

Motion for a resolution
Paragraph 3 c (new)
3c. Is convinced that the exchange of information between the IASB and ISOCO on growing IFRS usage should be viewed not only as a stocktaking exercise, but, rather, also as an opportunity to identify instances of best practice; welcomes in this regard the annual 'enforcer discussion session' introduced by IOSCO in order to inform the IASB about key implementation and enforcement issues;
2016/03/02
Committee: ECON
Amendment 61 #

2016/2006(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Is concerned that the current review is not taking account of possible IASB expansion into public-sector financial reporting standards; is concerned that the IASB's lack of expertise and resources with regard to the not-for-profit sector is an obstacle to expanding standards;
2016/03/02
Committee: ECON
Amendment 81 #

2016/0413(COD)

Draft legislative resolution
Paragraph 1
1. Adopts its position at first reading hereinafter set outRejects the proposal;
2017/10/26
Committee: ECONLIBE
Amendment 92 #

2016/0413(COD)

Proposal for a regulation
Recital 12
(12) One of the key concepts used by this Regulation is that of ‘cash’, which should be defined as comprising four categories: currency, bearer-negotiable instruments, commodities used as highly liquid stores of value and certain types of prepaid cards. Given their characteristics, certain bearer-negotiable instruments, commodities used as highly liquid stores of value, as well as prepaid cards which are not linked to a bank account are likely to be used in place of currency as anonymous means of transfer of value across the external borders which are not traceable using the classic system of supervision by the public authorities. This Regulation should lay down the essential components of the definition of 'cash' while at the same time enabling the Commission to amend the non-essential components in response to the efforts by criminals and their associates to circumvent a measure which controls only one type of highly liquid store of value by bringing across external borders another type. If evidence of such behaviour on an appreciable scale is detected, it is essential that measures be taken swiftly to remedy the situation.deleted
2017/10/26
Committee: ECONLIBE
Amendment 96 #

2016/0413(COD)

Proposal for a regulation
Recital 13
(13) Bearer negotiable instruments are financial instruments that enable the physical holder to claim a payment of a financial amount without being registered or mentioned by name. They can be easily used to transfer considerable amounts of value and present salient similarities with currency in terms of risks for abuse, liquidity and anonymity.deleted
2017/10/26
Committee: ECONLIBE
Amendment 97 #

2016/0413(COD)

Proposal for a regulation
Recital 14
(14) Commodities used as highly liquid stores of value are goods that represent a high ratio between their value and volume and for which an easily accessible international trading market exists which allows them to be converted into currency whilst incurring only modest transaction costs. Such commodities are mostly presented in a standardised way that allows for quick verification of their value.deleted
2017/10/26
Committee: ECONLIBE
Amendment 100 #

2016/0413(COD)

Proposal for a regulation
Recital 15
(15) Prepaid cards are non-nominal cards storing monetary value or funds which can be used for payment transactions, for acquiring goods or services or for redemption of currency and which are not linked to a bank account. They are widely used for a variety of legitimate purposes and some of these instruments also present a clear social interest. As such prepaid cards are easily transferrable and can be used to transfer considerable value across external borders. It is therefore necessary to include prepaid cards in the definition of cash. This will allow for the possibility to extend the measures to certain types of prepaid cards if the evidence justifies it and with due regard to proportionality and practical enforceability.deleted
2017/10/26
Committee: ECONLIBE
Amendment 109 #

2016/0413(COD)

Proposal for a regulation
Recital 19
(19) As regards the obligation to declare and the disclosure obligation, competent authorities should be vested with the power to carry out all requisite controls on persons, their luggage, the conveyance used to cross the external border and any unaccompanied consignment or receptacle crossing that border which may contain cash, or a means of transport carrying them. In the event of failure to comply with the obligations, the competent authorities should establish an ex officio declaration for subsequent communication of the relevant information to other authorities.deleted
2017/10/26
Committee: ECONLIBE
Amendment 111 #

2016/0413(COD)

Proposal for a regulation
Recital 20
(20) Where they detect amounts of cash below the threshold but there are indications that the cash may be linked to criminal activity as defined in this Regulation, competent authorities should be able to record essential information on the persons carrying the cash, such as their identity details and nationality, and details regarding the means of transport used, such as the type of the conveyance, its point of departure and destination.deleted
2017/10/26
Committee: ECONLIBE
Amendment 113 #

2016/0413(COD)

Proposal for a regulation
Recital 21
(21) That information should be passed on to the Financial Intelligence Unit of the Member State in question. Those units are designated as the hub elements in the fight against money-laundering and terrorist financing who receive and process information from various sources such as financial institutions and analyse it in order to determine if there are grounds for further investigation that may not be apparent to the competent authorities who collect the declarations and perform controls under this Regulation.deleted
2017/10/26
Committee: ECONLIBE
Amendment 117 #

2016/0413(COD)

Proposal for a regulation
Recital 22
(22) The detection of a sub-threshold amount in situations where there are indications of criminal activity is highly relevant in this context. Consequently, it should also be possible to share information relating to sub-threshold amounts with the competent authorities in other Member States if there are indications of criminal activity.deleted
2017/10/26
Committee: ECONLIBE
Amendment 118 #

2016/0413(COD)

Proposal for a regulation
Recital 23
(23) Considering that the movements of cash that are subject to controls under this Regulation take place across the external border, and given the difficulty of acting once the cash has left the point of entry or exit and the associated risk if even small amounts are used illicitly, the competent authorities should be able to seize and retain cash temporarily in certain specific circumstances, subject to checks and balances: first, where the obligation to declare or to disclose has not been met and, secondly, where there are severe indications of criminal activity, irrespective of the amount or whether the cash is carried by a natural person or is unaccompanied. In view of the nature of such temporary seizure and retention and the impact that it may have on the freedom of movement and the right to property, the period of retention should be limited to the absolute minimum time that other competent authorities require to determine whether there are grounds for further intervention, such as investigations or seizure of the cash based on other legal instruments. A decision to retain cash temporarily under this Regulation should be accompanied by a statement of reasons and adequately describe the specific factors that have given rise to the action. If at the end of the time limit no decision concerning the further intervention is taken or if the competent authority decides that there are no grounds to further retain the cash, it should immediately be made available to the declarant.
2017/10/26
Committee: ECONLIBE
Amendment 124 #

2016/0413(COD)

Proposal for a regulation
Recital 25
(25) Where they register a failure to declare or disclose or have severe indications of criminal activity, competent authorities should be able to share the information through appropriate channels with authorities competent for the fight against the criminal activity in question. Such exchange of data is proportionate considering that offenders against the obligation to declare who have been apprehended in one Member State would be likely to select another Member State of entry or exit where the competent authorities would have no knowledge of their earlier infractions. The exchange of such information should be made mandatory, in order to ensure consistent application across Member States. Where there are indications that the cash is related to criminal activity which could adversely affect the financial interests of the Union that information should also be made available to the Commission. In order to achieve better the preventive and dissuasive objectives of this Regulation with regards to the circumvention of the obligation to declare, anonymised risk information and risk analysis results should also mandatorily be exchanged between Member States and with the Commission.
2017/10/26
Committee: ECONLIBE
Amendment 129 #

2016/0413(COD)

Proposal for a regulation
Recital 30
(30) In order to ensure uniform application of controls and the efficient processing, transmission and analysis of the declarations by competent authorities, implementing powers should be conferred on the Commission to adopt the template of declaration and disclosure forms, to determine the criteria of a common risk management framework, to establish the technical rules and modalities and the template of the forms to be used for the declarations, the information exchange and to establish the rules and the format to be used for the provision of statistical information to the Commission. This should include the establishment of appropriate electronic systems. The powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council23 . __________________ 23 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by the Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).deleted
2017/10/26
Committee: ECONLIBE
Amendment 133 #

2016/0413(COD)

Proposal for a regulation
Recital 31
(31) In order to be able to quickly take account of future modifications of international standards such as established by the Financial Action Task Force or to address circumvention of this Regulation through reliance on liquid stores of value which are not covered by the definition of 'cash', the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of modifications to that definition. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016.24 In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts. __________________ 24deleted Ref. to OJ [L 123/1]
2017/10/26
Committee: ECONLIBE
Amendment 136 #

2016/0413(COD)

Proposal for a regulation
Recital 32
(32) Since the objectives of this Regulation cannot be sufficiently achieved by the Member States, but, because of the transnational scale of money laundering and terrorism financing, and the specificities of the internal market and its fundamental freedoms, which can only be fully implemented by ensuring that no excessively disparate treatment based on national legislation is imposed on cash crossing the external border of the Union, can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary to achieve those objectives.deleted
2017/10/26
Committee: ECONLIBE
Amendment 138 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point a – indent 2
- bearer-negotiable instruments referred to in Annex I;deleted
2017/10/26
Committee: ECONLIBE
Amendment 139 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point a – indent 3
- commodities used as highly liquid stores of value referred to in Annex I;deleted
2017/10/26
Committee: ECONLIBE
Amendment 144 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point a – indent 4
- prepaid cards referred to in Annex I;deleted
2017/10/26
Committee: ECONLIBE
Amendment 147 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point c
(c) 'currency' means banknotes and coins that are in circulation as a medium of exchange or that have been in circulation as a medium of exchange and can still be exchanged through financial institutions or central banks for banknotes and coins that are in circulation as a medium of exchange;
2017/10/26
Committee: ECONLIBE
Amendment 148 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point d
(d) 'bearer-negotiable instrument' means an instrument other than currency which entitles its holder to claim a financial amount upon presentation of the instrument without having to prove his/her identity or entitlement to that amount;deleted
2017/10/26
Committee: ECONLIBE
Amendment 150 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point e
(e) 'commodities used as highly liquid stores of value' means goods that present a high ratio between their value and their volume and that can easily be converted into currency through accessible trading markets whilst incurring only modest transaction costs;deleted
2017/10/26
Committee: ECONLIBE
Amendment 153 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point f
(f) 'prepaid card' means a non- nominal card storing monetary value or funds which can be used for payment transactions, for acquiring goods or services or for redemption of currency and which is not linked to a bank account;deleted
2017/10/26
Committee: ECONLIBE
Amendment 155 #

2016/0413(COD)

Proposal for a regulation
Article 2 – paragraph 2
2. The Commission shall be empowered to adopt delegated acts in accordance with Article 14 in order to amend Annex I to take account of new trends in money laundering or terrorist financing, as defined in paragraphs 3, 4 and 5 of Article 1 of Directive (EU) 2015/849, or best practices in preventing money laundering or terrorist financing or to prevent the use by criminals of bearer-negotiable instruments, commodities used as highly liquid stores of value or prepaid cards to circumvent the obligations laid down in Articles 3 and 4.
2017/10/26
Committee: ECONLIBE
Amendment 186 #

2016/0413(COD)

Proposal for a regulation
Article 6 – paragraph 1
1. Where the competent authorities detect that a natural person is entering or leaving the Union with an amount of cash below the threshold referred to in Article 3 and that, following a risk analysis, there are severe indications that the cash is related to criminal activity, they shall record that information, the full name, address, date and place of birth, and nationality of that person, and the information on the means of transport used.
2017/10/26
Committee: ECONLIBE
Amendment 187 #

2016/0413(COD)

Proposal for a regulation
Article 6 – paragraph 2
2. Where the competent authorities detect that a shipment of unaccompanied cash of an amount below the threshold referred to in Article 4 is entering or leaving the Union and that, following a risk analysis, there are severe indications that the cash is related to criminal activity, they shall record that information, the full name, address, date and place of birth, and nationality of the sender, the intended recipient or their representative, and the information on the means of shipment used.
2017/10/26
Committee: ECONLIBE
Amendment 191 #

2016/0413(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point b
(b) there are severe indications that the cash is related to criminal activity, irrespective of whether it is carried by a natural person or is unaccompanied cash.
2017/10/26
Committee: ECONLIBE
Amendment 209 #

2016/0413(COD)

Proposal for a regulation
Article 9 – paragraph 2
2. Where there are severe indications that the cash is related to criminal activity which could adversely affect the financial interests of the Union, the information referred to in paragraph 1 shall also be transmitted to the Commission.
2017/10/26
Committee: ECONLIBE
Amendment 228 #

2016/0413(COD)

Proposal for a regulation
Article 14
1. is conferred on the Commission subject to the conditions laid down in this Article. 2 referred to in Article 2(2) shall be conferred on the Commission for an indeterminate period of time from ….26 3. to in Article 2(2) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end toArticle 14 deleted Exercise of the delegation of tThe power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force. 4. the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Interinstitutional Agreement on Better Law-Making of 13 April 2016. 5. act, the Commission shall notify it simultaneously to the European Parliament and to the Council. 6. to Article 2(2) shall enter into force only if no objection has been expressed either by the European Parliament or the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by two months at the initiative of the European Parliament or of the Council. __________________ 26 *Date legislative act or any other date set by the legislator.to adopt delegated acts The power to adopt delegated acts The delegation of power referred Before adopting a delegated act, As soon as it adopts a delegated A delegated act adopted pursuant of entry into force of the basic
2017/10/26
Committee: ECONLIBE
Amendment 236 #

2016/0413(COD)

Proposal for a regulation
Article 15
The Commission shall adopt, by means of implementing acts, measures to ensure the uniform application of controls by competent authorities, including: (a) disclosure forms referred to in Articles 3(3) and 4(3); (b) management framework referred to in Article 5(4); (c) exchange of information under Articles 8 and 9, including the establishment of an appropriate electronic system; (d) communication of information referred to in Article 9(3); (e) by Member States for providing to the Commission anonymous statistical information on declarations and infractions pursuant to Article 17. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 16(2).Article 15 deleted Conferral of implementing powers the template of the declaration and the criteria of the common risk the technical rules for the the template of the form for the the rules and the format to be used
2017/10/26
Committee: ECONLIBE
Amendment 243 #

2016/0413(COD)

Proposal for a regulation
Article 16
1. The Commission shall be assisted by the Cash Controls Committee. That committee shall be a committee within the meaning of Regulation (EU) No 182/2011. 2. paragraph, Article 5 of Regulation (EU) No 182/2011 shall apply.Article 16 deleted Committee procedure Where reference is made to this
2017/10/26
Committee: ECONLIBE
Amendment 251 #

2016/0413(COD)

Proposal for a regulation
Annex I
ANNEX I Bearer-negotiable instruments, commodities used as highly liquid stores of value and prepaid cards which are considered cash in accordance with points (ii), (iii) and (iv) of Article 2(1)(a) 1. instruments shall be considered cash in accordance with Article 2(1)(a)(ii): (a) (b) money orders that are either in bearer form, signed but with the payee's name omitted, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title thereto passes upon delivery. 2. highly liquid stores of value shall be considerdeleted The following bearer negotiable traveller’s cheques; cheques, promissory notes or The following commodities used cash in accordance with Article 2(1)(a)(iii): (a) least 90 %; (b) clumps with a gold content of at least 99,5 %. 3. be considered cash in accordance with Article 2(1)(a)(iv): coins with a gold content of at bullion such as bars, nuggets or The following prepaid cards shall
2017/10/26
Committee: ECONLIBE
Amendment 252 #

2016/0413(COD)

Proposal for a regulation
Annex I – heading 1
Bearer-negotiable instruments, commodities used as highly liquid stores of value and prepaid cards which are considered cash in accordance with points (ii), (iii) and (iv) of Article 2(1)(a)deleted
2017/10/26
Committee: ECONLIBE
Amendment 254 #

2016/0413(COD)

Proposal for a regulation
Annex I – point 1
1. The following bearer negotiable instruments shall be considered cash in accordance with Article 2(1)(a)(ii): (a) (b) cheques, promissory notes or money orders that are either in bearer form, signed but with the payee's name omitted, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title thereto passes upon delivery.deleted traveller’s cheques;
2017/10/26
Committee: ECONLIBE
Amendment 255 #

2016/0413(COD)

Proposal for a regulation
Annex I – point 2
2. The following commodities used as highly liquid stores of value shall be considered cash in accordance with Article 2(1)(a)(iii): (a) least 90 %; (b) clumps with a gold content of at least 99,5 %.deleted coins with a gold content of at bullion such as bars, nuggets or
2017/10/26
Committee: ECONLIBE
Amendment 256 #

2016/0413(COD)

Proposal for a regulation
Annex I – point 2 – point a
(a) coins with a gold content of at least 90 %;deleted
2017/10/26
Committee: ECONLIBE
Amendment 258 #

2016/0413(COD)

Proposal for a regulation
Annex I – point 2 – point b
(b) bullion such as bars, nuggets or clumps with a gold content of at least 99,5 %.deleted
2017/10/26
Committee: ECONLIBE
Amendment 261 #

2016/0413(COD)

Proposal for a regulation
Annex I – point 3
3. The following prepaid cards shall be considered cash in accordance with Article 2(1)(a)(iv):deleted
2017/10/26
Committee: ECONLIBE
Amendment 102 #

2016/0382(COD)

Proposal for a directive
Recital 3
(3) In particular, increasing technological improvements, incentives for the use and expansion of public transport, the use of energy efficiency technologies and the promotion of the use of energy from renewable sources in the electricity, heating and cooling and transport sectors as well as infor the transportenergy intensive industries via all energy carriers such as electricity and hydrogen sectors are very effective tools, together with energy efficiency measures, for reducing greenhouse gas emissions in the Union and the Union's dependence on imported gas and oil.
2017/07/04
Committee: ITRE
Amendment 206 #

2016/0382(COD)

Proposal for a directive
Recital 26
(26) To create opportunities for reducing the cost of meeting the Union target laid down in this Directive and to give flexibility to Member States to comply with their obligation not to go below their 2020 national targets after 2020, it is appropriate both to facilitate the consumption in Member States of energy produced from renewable sources in other Member States, and to enable Member States to count energy from renewable sources consumed in other Member States towards their own renewable energy share. For this reason, cooperation mechanisms are required to complement the obligations to open up support to projects located in other Member States. Those mechanisms include statistical transfers, joint projects between Member States, including sectoral integration projects or joint support schemes.
2017/07/04
Committee: ITRE
Amendment 304 #

2016/0382(COD)

Proposal for a directive
Recital 65
(65) The promotion of low carbon fossil fuels that are produced from fossil waste streams or produced by using hydrogen from renewable sources can also contribute towards the policy objectives of energy diversification and transport decarbonisation. It is therefore appropriate to include those fuels in the incorporation obligation on fuel suppliers.
2017/07/04
Committee: ITRE
Amendment 396 #

2016/0382(COD)

Proposal for a directive
Article 2 – paragraph 2 – point z
(z) ‘repowering’ means renewing power plants producing renewable energy, including the full or partial replacement of installations or operation systems and equipment, in order to replace or increase capacity or increase efficiency;
2017/07/04
Committee: ITRE
Amendment 410 #

2016/0382(COD)

Proposal for a directive
Article 2 – paragraph 2 – point a a
(aa) ‘renewable self-consumer’ means an active customer as defined in Directive [MDI Directive] who consumes and may store and sell renewable electricity which is generated within his or its premisesbehind the point of his or its connection to the grid, including a multi- apartment block, a commercial or shared services site or a closed distribution system, provided that, for non-household renewable self- consumers, those activities do not constitute their primary commercial or professional activity;
2017/07/04
Committee: ITRE
Amendment 423 #

2016/0382(COD)

Proposal for a directive
Article 2 – paragraph 2 – point c c
(cc) ‘power purchase agreement’ means a contract under which a legal or natural person agrees to purchase renewable electricity directly from an energy generator;
2017/07/04
Committee: ITRE
Amendment 465 #

2016/0382(COD)

Proposal for a directive
Article 2 – paragraph 2 – point uu a (new)
(uu a) sectoral integration' means the integration of the power sector with the transport and the heating and cooling sectors via the use of all energy carriers such as electricity and hydrogen;
2017/07/04
Committee: ITRE
Amendment 539 #

2016/0382(COD)

Proposal for a directive
Article 4 – paragraph 2
2. Support for electricity from renewable sources shall be designed so as to integrate electricity from renewable sources in the electricity market, to establish sectoral integration and ensure that renewable energy producers are responding to market price signals and maximise their market revenues.
2017/07/04
Committee: ITRE
Amendment 560 #

2016/0382(COD)

Proposal for a directive
Article 4 – paragraph 3
3. Member States shall ensure that support for renewable electricity is granted in an open, transparent, competitive, non- discriminatory and cost-effective manner that fits the different needs of renewable technologies.
2017/07/04
Committee: ITRE
Amendment 627 #

2016/0382(COD)

Proposal for a directive
Article 5 – paragraph 2
2. Member States shall ensure that support for at least 105% of the newly- supported capacity in each year between 2021 and 2025 and at least 15% of the newly-supported capacity in each year between 2026 and 2030 is open to installations located in other Member States. Member States may set a lower target, or be exempt from the provisions of this paragraph, on one or more of the following grounds: – insufficient interconnection capacity; or – insufficient natural resources.
2017/07/04
Committee: ITRE
Amendment 638 #

2016/0382(COD)

Proposal for a directive
Article 5 – paragraph 3
3. Support schemes shall fit to the national energy mix and may be opened to cross-border participation through, inter alia, opened tenders, joint tenders, opened certificate schemes or joint support schemes. The allocation of renewable electricity benefiting from support under opened tenders, joint tenders or opened certificate schemes towards Member States respective contributions shall be subject to a cooperation agreement setting out rules for taking different taxes and fees into account and the cross-border disbursement of funding, following the principle that energy should be counted towards the Member State funding the installation.
2017/07/04
Committee: ITRE
Amendment 646 #

2016/0382(COD)

Proposal for a directive
Article 5 – paragraph 4
4. The Commission shall assess by 2025 the benefits on the cost-effective deployment of renewable electricity in the Union of provisions set out in this Article. On the basis of this assessment, the Commission may propose to increaschange the percentages set out in paragraph 2.
2017/07/04
Committee: ITRE
Amendment 718 #

2016/0382(COD)

Proposal for a directive
Article 15 – paragraph 3
3. Member States shall ensure that investors have sufficient predictability of the planned support for energy from renewable sources. To this aim, Member States shall define and publish a long-term schedule in relation to expected allocation for support, covering at least the following threfive years and including for each scheme the indicative timing, the capacity, the budget expected to be allocated, as well as a consultation of stakeholders on the design of the support.
2017/07/04
Committee: ITRE
Amendment 800 #

2016/0382(COD)

Proposal for a directive
Article 17 – paragraph 1
(1) DA simplified administrative procedure for connection to the grid may be applied to demonstration projects and installations with an electricity capacity of less than 50 kW shall be allowed to connect to the grid following a notification to the distribution system operator. Technical codes and safety rules must, however, be complied with, as distribution system operators are responsible for the safety of networks.
2017/07/04
Committee: ITRE
Amendment 808 #

2016/0382(COD)

Proposal for a directive
Article 17 – paragraph 2 – subparagraph 1
Repowering shall be allowed following a notification to the single administrative contact point established in accordance with Article 16, where no singnificant additional negative environmental or social impact is expected, based on a pre- established list of criteria. The single administrative contact point shall decide within six months of the receipt of the notification if this is sufficient.
2017/07/04
Committee: ITRE
Amendment 827 #

2016/0382(COD)

Proposal for a directive
Article 19 – paragraph 1
1. For the purposes of proving to final customers the share or quantity of energy from renewable sources in an energy supplier’s energy mix and in the energy supplied to consumers under contracts marketed with reference to the consumption of energy from renewable sources , Member States shall ensure that the origin of energlectricity produced from renewable energy sources can be guaranteed as such within the meaning of this Directive, in accordance with objective, transparent and non- discriminatory criteria.
2017/07/04
Committee: ITRE
Amendment 832 #

2016/0382(COD)

Proposal for a directive
Article 19 – paragraph 2 – subparagraph 1
To that end, Member States shall ensure that a guarantee of origin is issued in response to a request from a producer of energlectricity from renewable sources. Member States may arrange for guarantees of origin to be issued for non-in response to a request from producers of heating and cooling from renewable energy sources. Issuance of guarantees of origin may be made subject to a minimum capacity limit. A guarantee of origin shall be of the standard size of 1 MWh. No more than one guarantee of origin shall be issued in respect of each unit of energy produced.
2017/07/04
Committee: ITRE
Amendment 850 #

2016/0382(COD)

Proposal for a directive
Article 19 – paragraph 2 – subparagraph 3
Member States shall ensurmay provide that no guarantees of origin are issued to a producer that receives financial support other than investment support from a support scheme for the same production of energy from renewable sources. Member States shall isensure suchthat guarantees of origin and transfer them to the market by auctioning them. The revenues raised as a result of the auctioning shall be used to offset the costs of renewables supfrom renewable electricity installations that receive production support from a national support scheme shall neither be exported nor imported.
2017/07/04
Committee: ITRE
Amendment 864 #

2016/0382(COD)

Proposal for a directive
Article 19 – paragraph 7 – subparagraph 1 – point b – point iii a (new)
(iiia) hydrogen, or
2017/07/04
Committee: ITRE
Amendment 912 #

2016/0382(COD)

Proposal for a directive
Article 20 a (new)
Article 20 a Storage (1) Storage systems helping to integrate renewables production in the market shall not be defined as end consumer. Member States shall ensure that double grid fees for stored electricity are avoided. (2) The Commission shall monitor the differences in grid fees applicable to storage systems across Member States and if necessary take adequate measures to ensure a level playing field across Member States.
2017/07/05
Committee: ITRE
Amendment 922 #

2016/0382(COD)

Proposal for a directive
Article 21 – paragraph 1 – subparagraph 1 – point a
(a) are entitled to carry out self- consumption and sell, including through power purchase agreements, their excess production of renewable electricity without being subject to disproportionate procedures and without being subject to or benefiting from charges that are not cost- reflective;
2017/07/05
Committee: ITRE
Amendment 935 #

2016/0382(COD)

Proposal for a directive
Article 21 – paragraph 1 – subparagraph 1 – point b
(b) maintain their rights as consumers within the scope of the energy supply contract;
2017/07/05
Committee: ITRE
Amendment 1021 #

2016/0382(COD)

Proposal for a directive
Article 22 – paragraph 2
2. Without prejudice to State aid rules, when designing support schemes, Member States shall take into account the specificities of renewable energy communities while ensuring a level playing field between all generators of electricity from renewable energy sources.
2017/07/05
Committee: ITRE
Amendment 1040 #

2016/0382(COD)

Proposal for a directive
Article 23 – paragraph 1
1. In order to facilitate the penetration of renewable energy in the heating and cooling sector, incentives should be implemented by each Member State shall endeavour to increase the share of renewable energy supplied for heating and cooling by at lincluding waste heast 1 percentage point (pp) every year, expressed in terms of national share of final energy consumption and calculated according to the methodology set out in Article 7or cold taking into account technical and economical feasibility as well as measures in research and development.
2017/07/05
Committee: ITRE
Amendment 1049 #

2016/0382(COD)

Proposal for a directive
Article 23 – paragraph 2
2. Member States may designate and make public, on the basis of objective and non-discriminatory criteria, a list of measures and the implementing entities, such as fuel suppliers, which shall contribute to the increase set out in paragraph 1.
2017/07/05
Committee: ITRE
Amendment 1051 #

2016/0382(COD)

Proposal for a directive
Article 23 – paragraph 3
3. The increase set out in paragraph 1 may be implemented through one or more of the following options: (a) physical incorporation of renewable energy in the energy and energy fuel supplied for heating and cooling; (b) installation of highly efficient renewable heating and cooling systems in buildings or renewable energy use for industrial heating and cooling processes; (c) covered by tradable certificates proving compliance with the obligation through support to indirect mitigation measures, carried out by another economic operator such as an independent renewable technology installer or energy service company - ESCO providing renewable installation services.deleted direct mitigation measures such as indirect mitigation measures
2017/07/05
Committee: ITRE
Amendment 1071 #

2016/0382(COD)

Proposal for a directive
Article 23 – paragraph 4
4. Member States may use the established structures under the national energy efficiency obligation schemes set out in Article 7 of Directive 2012/27/EU to implement and monitor the measures referred to in paragraph 2.deleted
2017/07/05
Committee: ITRE
Amendment 1074 #

2016/0382(COD)

Proposal for a directive
Article 23 – paragraph 5
5. The entities designated under paragraph 2 shall ensure that their contribution is measurable and verifiable and shall report annually starting from 30 June 2021, to the authority designated by the Member State, on: (a) supplied for heating and cooling; (b) energy supplied for heating and cooling; (c) the total amount of energy supplied for heating and cooling; and (d) source.deleted the total amount of energy the total amount of renewable the share of renewable energy in the type of renewable energy
2017/07/05
Committee: ITRE
Amendment 1092 #

2016/0382(COD)

Proposal for a directive
Article 23 – paragraph 6
6. Member States shall ensure that the reports referred to in paragraph 5 are subject to verification by the competent designated authority.deleted
2017/07/05
Committee: ITRE
Amendment 1106 #

2016/0382(COD)

Proposal for a directive
Article 24 – paragraph 1
1. Member States shall ensure that district heating and cooling suppliers provide information to end-consucustomers on their energy performance and the share of renewable energy in their systems. Such information shall be in accordance with standards used under Directive 2010/31/EU.
2017/07/05
Committee: ITRE
Amendment 1121 #

2016/0382(COD)

Proposal for a directive
Article 24 – paragraph 4
4. Member States shall lay down the necessary measures to ensure non- discriminatory access to district heating or cooling systems for heat or cold produced from renewable energy sources and for waste heat or cold. This non- discriminatory access shall enable direct supply of heating or cooling from such sources to customers connected to the district heating or cooling system by suppliers other than the operator of the district heating or cooling system.deleted
2017/07/05
Committee: ITRE
Amendment 1131 #

2016/0382(COD)

Proposal for a directive
Article 24 – paragraph 5
5. An operator of a district heating or cooling system may refuse access to suppliers where the system lacks the necessary capacity due to other supplies of waste heat or cold, of heat or cold from renewable energy sources or of heat or cold produced by high-efficiency cogeneration. Member States shall ensure that where such a refusal takes place the operator of the district heating or cooling system provides relevant information to the competent authority according to paragraph 9 on measures that would be necessary to reinforce the system.deleted
2017/07/05
Committee: ITRE
Amendment 1141 #

2016/0382(COD)

Proposal for a directive
Article 24 – paragraph 6
6. New district heating or cooling systems may, upon request, be exempted from the application of paragraph 4 for a defined period of time. The competent authority shall decide on such exemption requests on a case-by-case basis. An exemption shall only be granted if the new district heating or cooling system constitutes 'efficient district heating and cooling' within the meaning of Article 2(41) of Directive 2012/27/EU and if it exploits the potential for the use of renewable energy sources and of waste heat or cold identified in the comprehensive assessment made in accordance with Article 14 of Directive 2012/27/EU.deleted
2017/07/05
Committee: ITRE
Amendment 1195 #

2016/0382(COD)

Proposal for a directive
Article 25 – paragraph 1 – subparagraph 4 – point b – paragraph 1
for the calculation of the numerator, the energy content of advanced biofuels and other biofuels and biogas produced from feedstock listed in Annex IX, renewable liquid and gaseous transport fuels of non- biological origin, waste based fossil fuels and renewable electricity supplied to all transport sectors, and renewable electricity supplied to road vehicles, shall be taken into account.
2017/07/31
Committee: ITRE
Amendment 119 #

2016/0381(COD)

Proposal for a directive
Recital 9
(9) In order to adapt this Directive to the technical progress, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission to supplement it by defining the smartness indicator and enabling its implementation. The Commission should firstly carry out a public consultation with the relevant interest groups and Member States to determine the definition of the smartness indicator and provisions concerning its implementation. The smartness indicator should be used to measure buildings’ capacity to use ICT and electronic systems to optimise operation and interact with the grid. The smartness indicator will raise awareness amongst building owners and occupants of the value behind building automation and electronic monitoring of technical building systems and will. The smartness indicator should be documented in the energy performance certificate at the owner's request and therefore be compatible with the energy performance certificates. The energy performance certificate can give confidence to the owner and the occupant about the actual savings of these new enhanced- functionalities.
2017/06/13
Committee: ITRE
Amendment 142 #

2016/0381(COD)

Proposal for a directive
Recital 11
(11) The impact assessment identified two existing sets of provisions, whose aim could be achieved in a more efficient manner compared to the current situation. First the obligation, before any construction starts, to carry out a feasibility study on highly-efficiency alternative systems becomes an unnecessary burden. Second, provisions related to inspections of heating systems and air-conditioning systems were found to not sufficiently ensure, in an efficient manner, the initial and maintained performance of these technical systems. Even cheap technical solutions with very short payback periods, such as hydraulic balancing of the heating system and installation/replacement of thermostatic control valves, are insufficiently considered today to help consumers who are affected by energy poverty. Provisions related to inspections are amended to ensure a better result from inspections.
2017/06/13
Committee: ITRE
Amendment 154 #

2016/0381(COD)

Proposal for a directive
Recital 12
(12) Notably for large installations, building automation and electronic monitoring of technical building systems have proven to be an effective replacement for inspections. The installation of such equipment should be considered as the most cost-effectiveeconomical alternative to inspections in large non-residential and multifamily buildings of a sufficient size that allow a payback of less than three years. The current possibility to opt for alternative measures is therefore deleted. For small scale installations, the documentation of the system performance by installers and the registration of this information in the databases on energy performance certification will support the verification of compliance with the minimum requirements set for all technical building systems and reinforce energy performance certificates role. In addition, existing regular safety inspections and programmed maintenance work will remain an opportunity to provide direct advice on energy efficiency improvements.
2017/06/13
Committee: ITRE
Amendment 166 #

2016/0381(COD)

Proposal for a directive
Recital 13
(13) To ensure their best use in building renovation, financial measures related to energy efficiency should be linked to the depth of the renovation, which should be assessed by comparing energy performance certificates (EPCs) issued before and after the renovation. The renovation measures carried out should be indicated in the energy performance certificate.’
2017/06/13
Committee: ITRE
Amendment 287 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point b
Directive 2010/31/EU
Article 2 a – paragraph 2 – subparagraph 2
In addition, the long term renovation strategy shallcould contribute to the alleviation of energy poverty.
2017/06/19
Committee: ITRE
Amendment 312 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point b a (new)
Directive 2010/31/EU
Article 2 a – paragraph 3 a (new)
(ba) the following paragraph is added: ’3a. In order to support the further development of energy efficiency, the Member States of the European Union shall introduce mechanisms for supporting SMEs in new forms of training and qualification, strengthening informal training schemes and prioritize the allocation of parts of the European Social Fund to increase the upskill of blue-collar workers in energy efficiency for the construction sector.’
2017/06/19
Committee: ITRE
Amendment 357 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Directive 2010/31/EU
Article 8 – paragraph 2 – subparagraph 1
‘2. Member States shallmay ensure that in all new non-residential buildings and in all existing non-residential buildings undergoing major renovation related to the electrical infrastructure of the building with more than ten parking spaces, at least one of every ten is equipped with ainfrastructure for the future set-up of recharging points within the meaning of Directive 2014/94/EU on the deployment of alternative fuels infrastructure17 , which is capable of starting and stopping charging in reaction to price signals. This requirement shallmay apply to all non- residential buildings, with more than ten parking spaces, as of 1 January 2025. __________________ 17 OJ L 307, 28.10.2014, p. 1 OJ L 307, 28.10.2014, p. 1
2017/06/19
Committee: ITRE
Amendment 385 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Directive 2010/31/EU
Article 8 – paragraph 3
3. Member States shallmay ensure that newly built residential buildings and those undergoing major renovations related to the electrical infrastructure of the building, the adjacent or built-in parking slots, with more than ten parking spaces, include the pre- cabling tube to enable the installation of recharging points for electric vehicles for every parking space.
2017/06/19
Committee: ITRE
Amendment 430 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point c
Directive 2010/31/EU
Article 8 – paragraph 6 – subparagraph 1
The Commission is empowered to adopt delegated acts in accordance with Article 23 supplementing this Directive with a definition of ‘smartness indicator’ and with the conditions under which the ‘smartness indicator’ would be provided as additional information to prospective new tenants or buyers. The Commission must firstly carry out a public consultation with the relevant interest groups and Member States to determine the definition of the smartness indicator and provisions concerning its implementation.
2017/06/19
Committee: ITRE
Amendment 454 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6 – point a
Directive 2010/31/EU
Article 10 – paragraph 6
‘6. Member States shall link their financial measures for energy efficiency improvements in the renovation of buildings to the energy savings achieved due to such renovation. These savings shall be determined by comparing energy performance certificates issued before and after renovation – provided this is economically proportionate in the light of the extent of the renovation. The renovation measures carried out shall be indicated in the energy performance certificate.’;
2017/06/19
Committee: ITRE
Amendment 584 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive 2010/31/EU
Article 23 – paragraph 1
1. The powers to adopt the delegated acts referred to in Articles 5, 8 and 22 is 22 shall be conferred on the Commission subject to the conditions laid down in thisfor a period of five years beginning on [xx.xx.xxxx]. The Commission shall make a report in respect of the delegated powers not later than six months before the end of the five- year period. The delegation of powers shall be automatically extended for periods of an identical duration, unless the European Parliament or the Council revokes it in accordance with Article 24.
2017/06/19
Committee: ITRE
Amendment 585 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive 2010/31/EU
Article 23 – paragraph 2
2. TWithout prejudice to the deadline referred to in Article 5(1), the powers to adopt the delegated acts referred to in Article 5, 8 and 22 shall be conferred on the Commission for an indeterminate period of time from [date of the entry into force…until [xx.xx.xxx].
2017/06/19
Committee: ITRE
Amendment 587 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive 2010/31/EU
Article 23 – paragraph 3
3. The delegation of power referred to in Articles 5, 8 and 22 may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in forceAs soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament, to the Council and to the Official Journal of the European Union.
2017/06/19
Committee: ITRE
Amendment 588 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive 2010/31/EU
Article 23 – paragraph 4
4. Before the adoption of a delegated act, the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Inter-institutional Agreement on Better Law-Making of 13 April 201618 The powers to adopt delegated acts are conferred on the Commission subject to the conditions laid down in Articles 24 and 25. __________________ 18 OJ L 123, 12.5.2016, p. 1
2017/06/19
Committee: ITRE
Amendment 589 #

2016/0381(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12
Directive 2010/31/EU
Articles 24 and 25
(12) Articles 24 and 25 are deleted; replaced by the following ‘Article 24 1. The delegation of powers referred to in Articles 5 and 22 may be revoked by the European Parliament or by the Council. 2. The institution which has commenced an internal procedure for deciding whether to revoke the delegation of powers shall endeavour to inform the other institution and the Commission within a reasonable time before the final decision is taken, indicating the delegated powers which could be subject to revocation and possible reasons for a revocation. 3. The decision of revocation shall put an end to the delegation of the powers specified in that decision. It shall take effect immediately or at a later date specified therein. It shall not affect the validity of the delegated acts already in force. It shall be published in the Official Journal of the European Union. Article 25 Objections to delegated acts 1. The European Parliament or the Council may object to a delegated act within a period of two months from the date of notification. At the initiative of the European Parliament or the Council that period shall be extended by two months. 2. If, on expiry of that period, neither the European Parliament nor the Council have objected to the delegated act it shall be published in the Official Journal of the European Union and shall enter into force on the date stated therein. The delegated act may be published in the Official Journal of the European Union and enter into force before the expiry of that period, if the European Parliament and the Council have both informed the Commission of their intention not to raise objections. 3. If the European Parliament or the Council objects to a delegated act, it shall not enter into force. The institution which object shall state the reasons for objecting to the delegated act.’
2017/06/19
Committee: ITRE
Amendment 139 #

2016/0380(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 6
6. ‘active customer’ means a customer or a group of jointly acting customers who consume, store or sell electricity generated on their premisesbehind the point of their connection to the grid, including through aggregators, or participate in demand response or energy efficiency schemes provided that these activities do not constitute their primary commercial or professional activity;
2017/09/28
Committee: ITRE
Amendment 144 #

2016/0380(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 7
7. 'local energy community' means: an association, a cooperative, a partnership, a non-profit organisation or other legal entity which is effectively controlled by local shareholders or members, generally value rather than profit-driven, involved in distributed generation and in performing activities of a distribution system operator, supplier or aggregator at local level, including across borders;SME or a not-for-profit organisation, the shareholders or members of which cooperate in the generation, distribution, storage or supply of energy at local level, including across borders, fulfilling at least four out of the following criteria: (a) shareholders or members are natural persons, local authorities, including municipalities, or SMEs; (b) at least 51% of the shareholders or members with voting rights of the entity are natural persons; (c) at least 51% of the shares or participation rights of the entity are owned by local members, i.e. representatives of local public and local private socio-economic interests or citizen having a direct interest in the community activity and its impacts; (d) at least 51% of the seats in the board of directors or managing bodies of the entity are reserved to local members, i.e. representatives of local public and local private socioeconomic interests or citizens having a direct interest in the community activity and its impacts; (e) the community has not installed more than 5 MW of capacity for electricity, heating and cooling and transport as a yearly average in the previous 5 year.
2017/09/28
Committee: ITRE
Amendment 183 #

2016/0380(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 20
20. ‘near-real time’ means, in the context of smart metering, the time, usually down to seconds, that elapses between data recording and their automated processing and transmission for use or information purposes;
2017/09/28
Committee: ITRE
Amendment 211 #

2016/0380(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 47 a (new)
47a. 'billing' means a written statement of the money owed for goods or services and containing the minimum information defined in Annex II.1
2017/09/28
Committee: ITRE
Amendment 213 #

2016/0380(COD)

Proposal for a directive
Article 2 – paragraph 1 – subparagraph 1 (new)
'billing information' means separate additional information about consumers’ consumption and rights, as defined in Annex II.2 and II.5, and shall not constitute a request for payment.
2017/09/28
Committee: ITRE
Amendment 341 #

2016/0380(COD)

Proposal for a directive
Article 10 – paragraph 2 – point a – paragraph 1 – indent 8
- information relating to consumer rights, including on the complaint handling and all of the information referred to in this point, clearly communicated through billing information or the electricity undertaking’s web site.
2017/09/28
Committee: ITRE
Amendment 402 #

2016/0380(COD)

Proposal for a directive
Article 11 – paragraph 1
1. Member States shall ensure that every final customer is entitled, on request, tothere are no barriers for suppliers to offer a dynamic electricity price contract by his supplito final customers.
2017/09/28
Committee: ITRE
Amendment 498 #

2016/0380(COD)

Proposal for a directive
Article 13 – paragraph 4
4. Member States shall ensure that final customers are entitled to receive all relevant demand response data or data on supplied and sold electricity at least once per yearon a regular basis.
2017/09/28
Committee: ITRE
Amendment 565 #

2016/0380(COD)

Proposal for a directive
Article 15 – paragraph 2
2. The energy installation required for the activities of the active customer may be managed by a third party for installation, operation, including metering and maintenance.
2017/09/28
Committee: ITRE
Amendment 589 #

2016/0380(COD)

Proposal for a directive
Article 16 – paragraph 1 – point c
(c) benefit from a non-discriminatory treatment with regard to their activities, rights and obligations as final customers, generators, distribution system operators, suppliers or aggregators;
2017/09/28
Committee: ITRE
Amendment 601 #

2016/0380(COD)

Proposal for a directive
Article 16 – paragraph 1 – point d
(d) are subject to fair, proportionate and transparent procedures and cost reflective chargeshould contribute in a cost- reflective and fair manner to network charges and policy costs.
2017/09/28
Committee: ITRE
Amendment 624 #

2016/0380(COD)

Proposal for a directive
Article 16 – paragraph 2 – point c
(c) system users, shareholders or members are allowed to leave a local energy community; in such cases Article 12 shall apply;
2017/09/28
Committee: ITRE
Amendment 727 #

2016/0380(COD)

Proposal for a directive
Article 18 – paragraph 1
1. Member States shall ensure that bills fulfil the minimum requirements for billing and billing information abilling and billing information fulfil the minimum requirements set out in Annex II. The information contained in bills shall be correct, clear, and concise and presented in a manner that facilitates comparison by consumers.
2017/09/26
Committee: ITRE
Amendment 755 #

2016/0380(COD)

Proposal for a directive
Article 18 – paragraph 4
4. Where final customers have meters that allow remote reading by the operator, accurate billing information based on actual consumption shall be provided at least once a month in electronic form upon request.
2017/09/26
Committee: ITRE
Amendment 767 #

2016/0380(COD)

Proposal for a directive
Article 18 – paragraph 7
7. Member States may lay down that, at the request of the final customers, the information contained in these bills shall not be considered to constitute a request for payment. In such cases, Member States shall ensure that suppliers offer flexible arrangements for payments.deleted
2017/09/26
Committee: ITRE
Amendment 807 #

2016/0380(COD)

Proposal for a directive
Article 20 – paragraph 1 – point a
(a) the metering systems accurately measure actual electricity consumption and provide to final customers information on actual time of use. That information shall be made easily available and visualised to final customers at no additional cost and at near-real time in order to support automated energy efficiency programmes, demand response and other services;.
2017/09/26
Committee: ITRE
Amendment 821 #

2016/0380(COD)

Proposal for a directive
Article 20 – paragraph 1 – point e
(e) if final customers request it, unvalidated near-real time metering data on their electricity input and off-take shall be made available to them, via a local standardised communication interface and/or remote access, or to a third party acting on their behalf, in an easily understandable format as provided for in Article 24, allowing them to compare deals on a like-for- like basis;
2017/09/26
Committee: ITRE
Amendment 846 #

2016/0380(COD)

Proposal for a directive
Article 24 – paragraph 1
1. Member States shall define a commonnational data format and a transparent procedure for eligible parties to have access to the data listed under Article 23 (1), in order to promote competition in the retail market and avoid excessive administrative costs for the eligible parties.
2017/09/26
Committee: ITRE
Amendment 847 #

2016/0380(COD)

Proposal for a directive
Article 24 – paragraph 1 – point 1 (new)
(1) (3) The introduction of an EU- wide data format must not negatively affect existing national data formats or data exchange platforms. In countries where no such platforms have been established, the Austrian model of the “Energy Management Data Exchange” (EDA) platform can serve as a best practice model.
2017/09/26
Committee: ITRE
Amendment 861 #

2016/0380(COD)

Proposal for a directive
Article 24 – paragraph 2
2. The Commission, by means of implementing acts adopted in accordance with the advisory procedure referred to in Article 68, shall determine may determine with the involvement of the concerned parties and subject to a through cost- benefit analysis demonstrating the added value provided a set of principles for a common European data format andramework to support non- discriminatory and transparent procedures for accessing to the data, listed under Article 23 (1), that will replace national data format and procedure adopted by Member States in accordance with paragraph 1. Member States shall ensure that market participants apply a common European data formatparagraph 1 of Article 23. Such principles shall be taken into account by Member States when developing their national data format and procedure in accordance with paragraph 1.
2017/09/26
Committee: ITRE
Amendment 907 #

2016/0380(COD)

Proposal for a directive
Article 31 – paragraph 5
5. Each distribution system operator shall procure the energy it uses to cover energy losses and the non-frequency ancillary services in its system according to transparent, and non-discriminatory and market based procedures, whenever it has such a function. Unless justified by a cost- benefit analysis, the procurement of non- frequency ancillary services by a distribution system operator shall be transparent, and non- discriminatory and market-based ensuring effective participation of all market participants including renewable energy sources, demand response, energy storage facilities and aggregators, in particular by requiring regulatory authorities or distribution system operators in close cooperation with all market participants, to define technical modalities for participation in these markets on the basis of the technical requirements of these markets and the capabilities of all market participants .
2017/09/26
Committee: ITRE
Amendment 911 #

2016/0380(COD)

Proposal for a directive
Article 32 – paragraph 1 – subparagraph 1
Member States and National Regulatory Authorities shall provide the necessary technology neutral regulatory framework to allow and incentivise distribution system operators to procure services in order to improve efficiencies in the operation and development of the distribution system, including local congestion management, when such services are deemed appropriate in the customer interest. In particular, regulatory frameworks shall enable distribution system operators to procure services from resources such as distributed generation, demand response or storage and consider energy efficiency measures, which may supplant the need to upgrade or replace electricity capacity and which support the efficient and secure operation of the distribution system. Distribution system operators shall procure these services according to transparent, non-discriminatory and market based procedures.
2017/09/26
Committee: ITRE
Amendment 922 #

2016/0380(COD)

Proposal for a directive
Article 32 – paragraph 1 – subparagraph 2
Distribution system operators shall define, at the European level, via EU DSO entity, standardised market products for the services procured, ensuring effective participation of all market participants including renewable energy sources, demand response, and aggregators, where efficient. Distribution system operators shall exchange all necessary information and coordinate with transmission system operators in order to ensure the optimal utilisation of resources, ensure the secure and efficient operation of the system and facilitate market development. Distribution system operators shall be adequately remunerated for the procurement of such services in order to recover at least the corresponding expensereasonable and efficient costs, including the necessary information and communication technologies expenses, including expenses which correspond to the necessary information and communication infrastructure.
2017/09/26
Committee: ITRE
Amendment 925 #

2016/0380(COD)

Proposal for a directive
Article 32 – paragraph 2 – subparagraph 1
The development of a distribution system shall be based on a transparent network development plan that distribution system operators shall spubmilish at least every two years to the regulatory authority. The network development plan shall provide transparency on the medium and long term flexibility services needed, contain the planned investments for the next five to ten years, with particular emphasis on the main distribution infrastructure which isare required in order to connect new generation capacity and new loads including re- charging points for electric vehicles. The network development plan shall also demonstrate the use of demand response, energy efficiency, energy storage facilities or other resources that distribution system operator is using as an alternative to system expansion. The DSO shall consult all current or potential system users on the network development plan. The DSO shall publish the result of the consultation process. The regulatory authority may decide the extent of the requirements that applies to distribution system operators based on their size, scope and voltage.
2017/09/26
Committee: ITRE
Amendment 943 #

2016/0380(COD)

Proposal for a directive
Article 33 – paragraph 2
2. Member States may allow distribution system operators to own, develop, manage or operate recharging points for electric vehicles only if the following conditions are fulfilled: (a) and transpardeleted other parties, following an opent tendering procedure, have not expressed their interest to own, develop, manage or operate recharging points for electric vehicles; (b) granted its approval.he regulatory authority has
2017/09/26
Committee: ITRE
Amendment 974 #

2016/0380(COD)

Proposal for a directive
Article 36 – paragraph 1
1. Distribution system operators shall not be allowed to own, develop, manage or operate energy storage facilities connected to the distribution grid in order to fulfil its obligations under this regulation for the efficient, reliable and secure operation of the distribution system, if the distribution system lacks the necessary and functional storage capacity for grid operation. In this case the Distribution System Operator is not allowed to participate with this storage in any market.
2017/09/26
Committee: ITRE
Amendment 981 #

2016/0380(COD)

Proposal for a directive
Article 36 – paragraph 2
2. By way of derogation from paragraph 1, Member States may allow distribution system operators to own, develop, manage or operate storage facilities only if the following conditions are fulfilled: (a) and transparent tendering procedure, have not expressed their interest to own, develop, manage or operate storage facilities; (b) the distribution system operators to fulfil their obligations under this Directive for the efficient, reliable and secure operation of the distribution system; and (c) assessed the necessity of such derogation taking into account the conditions under points (a) and (b) and has granted its approval.deleted other parties, following an open such facilities are necessary for the regulatory authority has
2017/09/26
Committee: ITRE
Amendment 998 #

2016/0380(COD)

Proposal for a directive
Article 36 – paragraph 4
4. Regulatory authorities shall perform at regular intervals or at least every five years a public consultation in order to re-assess the potential interest of market parties to invest, develop, operate or manage energy storage facilities. In case the public consultation indicates that third parties are able to own, develop, operate or manage such facilities, Member States shall ensure that distribution system operators' activities in this regard are phased-out.deleted
2017/09/26
Committee: ITRE
Amendment 1016 #

2016/0380(COD)

Proposal for a directive
Article 40 – paragraph 1 – point i
(i) procuring balancillaryng services from market participants to ensure operational security.
2017/09/26
Committee: ITRE
Amendment 1022 #

2016/0380(COD)

Proposal for a directive
Article 40 – paragraph 1 – point j
(j) adopting a framework for the cooperation and coordination between regionalsecuring non-frequency ancillary services to ensure operational centres.security
2017/09/26
Committee: ITRE
Amendment 1034 #

2016/0380(COD)

Proposal for a directive
Article 40 – paragraph 2
2. Member States may provide that one or several responsibilities listed under points (a) to (j) of paragraph 1 be assigned to a transmission system operator other than the one which owns the transmission system to which the concerned responsibilities would otherwise be applicable. The transmission system operator to which the tasks are assigned shall be certified as ownership unbundled and fulfil the requirements provided for in Article 43, but does not have to own the transmission system it is responsible for. The transmission system operator which owns the transmission system shall fulfil the requirements provided for in Chapter VI and be certified in accordance with Article 43does not have to own the transmission system it is responsible for.
2017/09/26
Committee: ITRE
Amendment 1040 #

2016/0380(COD)

Proposal for a directive
Article 40 – paragraph 4 – introductory part
4. Transmission system operators may at their own initiative, or at the request of the regulatory authorities, procure non-frequency ancillary services in a market based manner: In performing the task described in point (i) of paragraph 1(i), the transmission system operator shall ensure that the procurement of balancing services and, unless justified by a cost-benefit analysis, non-frequency ancillary services, isshould as far as possible be:
2017/09/26
Committee: ITRE
Amendment 1055 #

2016/0380(COD)

Proposal for a directive
Article 51 – paragraph 1
1. At least eEvery two years, transmission system operators shall submit to the regulatory authority a draft ten-year network development plan based on existing and forecast supply and demand after having consulted all the relevant stakeholders. That network development plan shall contain efficient measures in order to guarantee the adequacy of the system and the security of supply. The regulatory authority shall review the draft ten-year network development plan and approve it. Before its approval, it may require the transmission system operator to amend its ten-year network development plan. The transmission system operator shall publish the ten-year network development plan on its website.
2017/09/26
Committee: ITRE
Amendment 1089 #

2016/0380(COD)

Proposal for a directive
Article 54 – paragraph 2
2. By way of derogation from paragraph 1, Member States may allow transmission system operators to own, manage or operate storage facilities or assets providing non-frequency ancillary services if the following conditions are fulfilled: (a) and transparent tendering procedure, have not expressed their interest to own, control, manage or operate such facilities offering storage and/or non-frequency ancillary services to the transmission system operator; (b) ancillary services are necessary for the transmission system operators to fulfil their obligations under this Directive for the efficient, reliable and secure operation of the transmission system and they are not used to sell electricity to the market; and (c) assessed the necessity of such derogation taking into account the conditions under points (a) and (b) of this paragraph and has granted its approval.deleted other parties, following an open such facilities or non-frequency the regulatory authority has
2017/09/26
Committee: ITRE
Amendment 1097 #

2016/0380(COD)

Proposal for a directive
Article 54 – paragraph 2 – point a
(a) other parties, following an open and transparent tendering procedure, have not expressed their interest to own, control, manage or operate such facilities offering storage and/or non-frequency ancillary services to the transmission system operator;deleted
2017/09/26
Committee: ITRE
Amendment 1104 #

2016/0380(COD)

Proposal for a directive
Article 54 – paragraph 2 – point b
(b) such facilities or non-frequency ancillary services are necessary for the transmission system operators to fulfil their obligations under this Directive for the efficient, reliable and secure operation of the transmission system and they are not used to sell electricity to the market; andeleted
2017/09/26
Committee: ITRE
Amendment 1109 #

2016/0380(COD)

Proposal for a directive
Article 54 – paragraph 2 – point c
(c) the regulatory authority has assessed the necessity of such derogation taking into account the conditions under points (a) and (b) of this paragraph and has granted its approval.deleted
2017/09/26
Committee: ITRE
Amendment 1112 #

2016/0380(COD)

Proposal for a directive
Article 54 – paragraph 3
3. The decision to grant derogation shall be notified to the Agency and the Commission along with relevant information about the request and the reasons for granting the derogation.deleted
2017/09/26
Committee: ITRE
Amendment 1118 #

2016/0380(COD)

Proposal for a directive
Article 54 – paragraph 4
4. The transmission system operator shall perform at regular intervals or at least every five years a public consultation for the required storage services in order to assess the potential interest of market parties to invest in such facilities and terminate its own storage activities in case third parties can provide the service in a cost-effective manner.deleted
2017/09/26
Committee: ITRE
Amendment 1253 #

2016/0380(COD)

Proposal for a directive
Annex I – paragraph 1 – point c
(c) set out clear, objective criteria on which the comparison will be based, displaying included services;
2017/09/26
Committee: ITRE
Amendment 1305 #

2016/0380(COD)

Proposal for a directive
Annex II – point 1 – paragraph 3 – introductory part
Where appropriate, the following billing information shall be prominently displayed to final customers in or with their bills and periodical settlement billmade available to final customers:
2017/09/26
Committee: ITRE
Amendment 1319 #

2016/0380(COD)

Proposal for a directive
Annex II – point 1 – paragraph 4
In addition, wherever possible and useful, comparisons with an average normalised or benchmarked customer in the same user category shall be made available to final customers in, with or signposted to within, their bills and periodical settlement bills.
2017/09/26
Committee: ITRE
Amendment 1328 #

2016/0380(COD)

Proposal for a directive
Annex II – point 4 – paragraph 2 – introductory part
Suppliers shall specify in billsing information:
2017/09/26
Committee: ITRE
Amendment 1332 #

2016/0380(COD)

Proposal for a directive
Annex II – point 4 – paragraph 2 – point c a (new)

Annex II 4. d
(ca) the country of origin of the electricity purchased
2017/09/26
Committee: ITRE
Amendment 200 #

2016/0379(COD)

Proposal for a regulation
Article 8 – paragraph 1
1. The Agency, in close cooperation with the national regulatory authorities and the ENTSO for Electricity, shall monitor and analyse the performance of regional operational centres, taking into account the reports provided for in [Article 43 paragraph 4 recast Electricity Regulation as proposed by COM(2016) 861/2].deleted
2017/09/21
Committee: ITRE
Amendment 236 #

2016/0379(COD)

Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 1
Before taking the decisions provided for in this Regulation, the Agency shall inform the parties to the decision and shall set a time limit for submission of the parties’ observations, taking full account of the urgency, complexity and potential consequences of the matter. The Agency shall ensure that the public and any interested parties are, where appropriate, given objective, reliable and easily accessible information, in particular with regard to the results of its work. Decisions taken by the Agency shall be fully reasoned for the purpose of allowing an appeal on the merits.
2017/09/21
Committee: ITRE
Amendment 248 #

2016/0379(COD)

Proposal for a regulation
Article 17 – paragraph 4 – subparagraph 2
The Agency may establish local offices in the Member States, subject to their consent and in accordance with Article 25(j).deleted
2017/09/21
Committee: ITRE
Amendment 268 #

2016/0379(COD)

Proposal for a regulation
Article 19 – paragraph 5
5. Decisions of the Administrative Board shall be adopted on the basis of a simpletwo thirds majority of the members present, unless provided otherwise in this Regulation. Each member of the Administrative Board or alternate shall have one vote.
2017/09/21
Committee: ITRE
Amendment 289 #

2016/0379(COD)

Proposal for a regulation
Article 20 – paragraph 1 – point e
(e) adopt, each year the draft programming document referred to in Article 21 before its submission to the Commission for its opinion, and shall, followingafter having received the opinion of the Commission and after having received approval by the Board of Regulators in accordance with Article 23(5)(c), adopt the programming document of the Agency by a two thirds majority its members and shall transmit it to the European Parliament, the Council and the Commission. The work programmeing document shall be adopted without prejudice to the annual budgetary procedure and shall be made public.;
2017/09/21
Committee: ITRE
Amendment 291 #

2016/0379(COD)

Proposal for a regulation
Article 20 – paragraph 1 – point s a (new)
(sa) after having considered the Director’s opinion in accordance with Article 25(k) and after having consulted the Board of Regulators and obtained its favourable opinion in accordance with Article 23(5)(e), adopt and publish adequate and proportionate rules of procedure in accordance with Article 15a(5) for all Agency tasks under Chapter I which are not covered by the rules of procedure under Article 20(1)(l), Article 23(2), Article 26(3) or Article 30(3).
2017/09/21
Committee: ITRE
Amendment 296 #

2016/0379(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point l
(l) market rules shall enable the efficient dispatch of generation assets, storage and demand response;
2017/09/25
Committee: ITRE
Amendment 297 #

2016/0379(COD)

Proposal for a regulation
Article 21 – paragraph 1 – subparagraph 1
Each year, the Administrative Board shall adopt a programming document containing multi-annual and annual programming, based on a draft put forward by the Director and approved by the Board of Regulators, taking into account the opinion of the Commission and in relation to multiannual programming after consulting the European Parliament. It shall forward it to the European Parliament, the Council and the Commission no later than 31 January each year.
2017/09/21
Committee: ITRE
Amendment 304 #

2016/0379(COD)

Proposal for a regulation
Article 21 – paragraph 2
2. The annual work programme shall comprise detailed objectives and expected results including performance indicators. It shall also contain a description of the actions to be financed and an indication of the financial and human resources allocated to each action, including reference to the Agency working group tasked with drawing up the respective documents, in accordance with the principles of activity-based budgeting and management. The annual work programme shall be coherent with the multi-annual work programme referred to in paragraph 4. It shall clearly indicate tasks that have been added, changed or deleted in comparison with the previous financial year. Annual and multi- annual programming shall include the strategy for relations with third countries or international organisations referred to in Article 43 and the actions linked to that strategy.
2017/09/21
Committee: ITRE
Amendment 317 #

2016/0379(COD)

Proposal for a regulation
Article 4 – paragraph 1
1. All market participants shall aim for system balance and shall be financially responsible for imbalances they cause in the system. They shall either be balance responsible parties or delegate their responsibility to a balance responsible party of their choice. In addition, principles set out in point (i) of Article 3(1) shall apply to balancing responsibility.
2017/09/25
Committee: ITRE
Amendment 321 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 1
1. The Board of Regulators and its sub- committees pursuant to Article 7 shall act by a simpletwo-thirds majority of the members present, with one vote for each member, except for the opinion pursuant to paragraph 5(b) which shall be taken on the basis of a two-thirds majority of its members present.
2017/09/21
Committee: ITRE
Amendment 324 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 5 – point a
(a) review, revise and provide opinions to the Director on theall documents containing opinions, recommendations and decisions referred to in Articles 43 to 14 and 16, which are considered for adoption. In its opinions, the Board of Regulators shall give utmost account to the recommendations of the Director pursuant to Article 25(c) or give a statement of grounds as to why it does not. In addition, the Board of Regulators, within its field of competence, shall provide guidance to the Director and the Agency working groups in the execution of histheir tasks, with the exception of decisiontasks pursuant to Article 16(6) of Regulation 1227/2001138. __________________ 38 Regulation (EU) 1227/2011 of the European Parliament and of the Council of 25 October on wholesale energy market integrity and transparency, OJ L 326, 8.12.2011, p. 1.
2017/09/21
Committee: ITRE
Amendment 333 #

2016/0379(COD)

Proposal for a regulation
Article 4 – paragraph 2 – point b
(b) generating installations using renewable energy sources or high- efficiency cogeneration with an installed electricity capacity of less than 500 kW;deleted
2017/09/25
Committee: ITRE
Amendment 338 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 5 – point b
(b) deliver an opinion to the Administrative Board on the candidate to be appointed as Director and on the extension of the Director’s term of office in accordance with Article 20(1)(a), Article 24(2) and Article 24(24).
2017/09/21
Committee: ITRE
Amendment 340 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 5 – point c
(c) in accordance with Article 20(1)(e) and Article 25(f) and in line with the preliminary draft budgetovisional draft estimate established in accordance with Article 33(1) to 33(3)(1), approve the draft multi-annual and annual programming put forward by the Director and the work programme of the Agency for the coming year and present it by 1 September of each year for adoption by the Administrative Board.
2017/09/21
Committee: ITRE
Amendment 343 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 5 – point d a (new)
(da) provide an opinion to the Administrative Board on the rules of procedure under Article 20(1)(t).
2017/09/21
Committee: ITRE
Amendment 352 #

2016/0379(COD)

Proposal for a regulation
Article 4 – paragraph 3
3. From 1 January 2026, point (b) of paragraph 2 shall apply only to generating installations using renewable energy sources or high-efficiency cogeneration with an installed electricity capacity of less than 250 kW.deleted
2017/09/25
Committee: ITRE
Amendment 355 #

2016/0379(COD)

Proposal for a regulation
Article 25 – paragraph 1 – point c
(c) draft , adopt and publish opinions, recommendations and decisions. ODocuments containing opinions, recommendations and decisions referred to in Articles 3 to 114 and 14 ,6 shall only be adopted if they have received a favourable opinion of the Board of Regulators. When passing draft documents prepared by the working groups pursuant to Article 30(4) or a sub-group of the BoR pursuant to Article 7(2) to the BoR for its opinion, the Director may assess these documents with a view to their contribution to the internal energy market and make corresponding recommendations to the BoR;
2017/09/21
Committee: ITRE
Amendment 368 #

2016/0379(COD)

Proposal for a regulation
Article 25 – paragraph 1 – point k a (new)
(ka) provide an opinion to the Administrative Board on the rules of procedure under Article 20(1)(t).
2017/09/21
Committee: ITRE
Amendment 370 #

2016/0379(COD)

Proposal for a regulation
Article 26 – paragraph 3 – subparagraph 1
The Board of Appeal shall adopt and publish its rules of procedure. Those rules shall set out in detail the arrangements governing the organisation and functioning of the Board of Appeal and the rules of procedures applicable to appeals before the Board, pursuant to this Article 29. The Board of Appeal shall submit to the Commission its draft rules of procedure. The Commission shall deliver an opinionbudget of the Agency shall comprise a separate budget line for the financing onf the draft rules of procedure within three months from the date of receipt of the rules. The Board of Appeal shall adopt and publish its rules of procedure within two months after receipt of the Commission's opinion. Any subsequent substantial changes to the rules of procedure shall be notified to the Commission. The Commission shall subsequently deliver an opinion on those changefunctioning of the registry for the Board of Appeal and of an appropriate number of staff to prepare its decisions.
2017/09/21
Committee: ITRE
Amendment 378 #

2016/0379(COD)

Proposal for a regulation
Article 30 – paragraph 1
1. Where justified and in particular to support the regulatory work of the Director and of the Board of Regulators on regulatory issues, the Administrative BoardBoard of Regulators and the Director jointly may establish working groups.
2017/09/21
Committee: ITRE
Amendment 379 #

2016/0379(COD)

Proposal for a regulation
Article 5 – paragraph 5
5. Marginal pPricing or pay-as bid shall be used for the settlement of balancing energy. Market participants shall be allowed to bid as close to real time as possible, and at least after the intraday cross-zonal gate closure time determined in accordance with Article 529 of Commission Regulation (EU) 2015/122234. _________________ 34 Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (OJ L 197, 25.7.2015, p. 24).
2017/09/25
Committee: ITRE
Amendment 380 #

2016/0379(COD)

Proposal for a regulation
Article 30 – paragraph 1 a (new)
1a. The Agency Working Groups, under the guidance of the Board of Regulators, shall carry out the activities assigned to them in the programming document adopted pursuant to Article 20(1)(e) and any activities assigned to them by the Board of Regulators and the Director.
2017/09/21
Committee: ITRE
Amendment 391 #

2016/0379(COD)

Proposal for a regulation
Article 30 – paragraph 3
3. The Administrative BoardDirector and the Board of Regulators jointly shall adopt and publish internal rules of procedure for the functioning of the working groups. The Board of Regulators shall appoint working groups chairs.
2017/09/21
Committee: ITRE
Amendment 463 #

2016/0379(COD)

Proposal for a regulation
Article 9 – paragraph 1
1. There shall be no maximum limit of the wholesale electricity price unless it is set at the value of lost load as determined in accordance with Article 10. There shall be no minimum limit of the wholesale electricity price unless it is set at a value of minus 2000 € or less and, in the event that it is or anticipated to be reached, set at a lower value for the following day. This provision shall apply, inter alia, to bidding and clearing in all timeframes and include balancing energy and imbalanceIn strongly interconnected markets, the level of technical price limits should be the same among all bidding zones and markets to avoid market distortions. There shall be no minimum limit of the wholesale electricity prices.
2017/09/25
Committee: ITRE
Amendment 503 #

2016/0379(COD)

Proposal for a regulation
Article 11 – paragraph 2 – introductory part
2. When dispatching electricity generating installations, transmission system operators shall give priority to generating installations using renewable energy sources or high-efficiency cogeneration from small generating installations or generating installations using emerging technologies to the following extent:
2017/09/25
Committee: ITRE
Amendment 509 #

2016/0379(COD)

Proposal for a regulation
Article 11 – paragraph 2 – point a
(a) generating installations using renewable energy sources or high- efficiency cogeneration with an installed electricity capacity of less than 500 kW; ordeleted
2017/09/25
Committee: ITRE
Amendment 527 #

2016/0379(COD)

Proposal for a regulation
Article 11 – paragraph 3
3. Where the total capacity of generating installations subject to priority dispatch under paragraph 2 is higher than 15 % of the total installed generating capacity in a Member State, point (a) of paragraph 2 shall apply only to additional generating installations using renewable energy sources or high-efficiency cogeneration with an installed electricity capacity of less than 250 kW. From 1 January 2026, point (a) of paragraph 2 shall apply only to generating installations using renewable energy sources or high-efficiency cogeneration with an installed electricity capacity of less than 250 kW or, if the threshold under the first sentence of this paragraph has been reached, of less than 125 kW.deleted
2017/09/25
Committee: ITRE
Amendment 567 #

2016/0379(COD)

Proposal for a regulation
Article 12 – paragraph 2
2. The resources curtailed or redispatched shall be selected amongst generation or demand facilities submitting offers for curtailment or redispatching using market-based mechanisms and be financially compensatepaid. Non-market- based curtailment or redispatching of generation or redispatching of demand response shall only be used upon a decision of national regulatory authority, in cases where no market-based alternative is available, where all available market-based resources have been used, or where the number of generation or demand facilities available in the area where suitable generation or demand facilities for the provision of the service are located is too low to ensure effective competition. The provision of market-based resources shall be open to all generation technologies, storage and demand response, including operators located in other Member States unless technically not feasible.
2017/09/25
Committee: ITRE
Amendment 622 #

2016/0379(COD)

Proposal for a regulation
Article 12 – paragraph 5 – point d
(d) downward redispatching or curtailment under letters a to c shall be duly and transparently justified. The justification shall be included in the report under paragraph 3.deleted
2017/09/25
Committee: ITRE
Amendment 628 #

2016/0379(COD)

Proposal for a regulation
Article 12 – paragraph 6 – introductory part
6. Where non-market based curtailment or redispatching is used, it shall be subject to financial compensationpayment by the system operator requesting the curtailment or redispatching to the owner of the curtailed or redispatched generation or demand facility. Financial compensation shall at least be equal to the highest of the following elements: A methodology for determining financial compensation shall be established by the relevant regulatory authority and shall consider additional operating cost caused by the curtailment or redispatching.
2017/09/25
Committee: ITRE
Amendment 633 #

2016/0379(COD)

Proposal for a regulation
Article 12 – paragraph 6 – point a
(a) additional operating cost caused by the curtailment or redispatching, such as additional fuel costs in case of upward redispatching, or backup heat provision in case of downward redispatching or curtailment of generating installations using high-efficiency cogeneration;deleted
2017/09/25
Committee: ITRE
Amendment 635 #

2016/0379(COD)

Proposal for a regulation
Article 12 – paragraph 6 – point b
(b) 90 % of the net revenues from the sale of electricity on the day-ahead market that the generating or demand facility would have generated without the curtailment or redispatching request. Where financial support is granted to generating or demand facilities based on the electricity volume generated or consumed, lost financial support shall be deemed part of the net revenues.deleted
2017/09/25
Committee: ITRE
Amendment 674 #

2016/0379(COD)

Proposal for a regulation
Article 13 – paragraph 4
4. The transmission system operators participating in the bidding zone review shall submit a proposal to the Commission and Member States of the Capacity Calculation Region regarding whether to amend or maintain the bidding zone configuration. Based on that proposal, where there is no agreement between Member States in the Capacity Calculation Region, the Commission shall adopt a decision whether to amend or maintain the bidding zone configuration, by clearly showing the issues at stake together with an assessment of all available solutions on an equal basis, [no later than 6 months after entry into force of this Regulation, specific date to be inserted by OP] or by six months after the conclusion of the bidding zone configuration launched in accordance with points (a), (b) or (c) of Article 32(1) of Regulation (EU) 2015/1222, whichever comes later.
2017/09/25
Committee: ITRE
Amendment 679 #

2016/0379(COD)

Proposal for a regulation
Article 13 – paragraph 5
5. The decision referred to in paragraph 4 shall be based on the result of the bidding zone review and the transmission system operators’ proposal concerning its maintenance or amendment. The decision shall be justified, in particular as regards possible deviations from the result of the bidding zone review.deleted
2017/09/25
Committee: ITRE
Amendment 709 #

2016/0379(COD)

Proposal for a regulation
Article 14 – paragraph 4
4. Capacity shall be allocated only by means of explicit capacity auctions or implicit auctions including both capacity and energy. Both methods may coexist on the same interconnection. For intra-day trade continuous trading shall be used, which may be complemented by auctions in accordance with Regulation (EU) 2015/1222. By 2024 implicit auctions shall be used for intra-day time frame.
2017/09/25
Committee: ITRE
Amendment 716 #

2016/0379(COD)

Proposal for a regulation
Article 14 – paragraph 7 – subparagraph 2
Upon request by a transmission system operator, the relevant regulatory authority may grant a derogation from the first subparagraph where it is necessary for maintaining operational security or where it is beneficial to economic efficiency at Union level. Such a derogation, which may not relate to curtailment of already allocated capacities pursuant to paragraph 5, shall be limited in time, strictly limited to what is necessary, and avoid discrimination between internal and cross- zonal exchanges. Before granting a derogation, the relevant regulatory authority shall consult the regulatory authorities of other Member States forming part of an affected capacity calculation region. In case a regulatory authority disagrees with the proposed derogation, the Agency shall decide on the derogation pursuant to Article 6(8)(a) [recast of Regulation (EC) No 713/2009 as proposed by COM(2016) 863/2]. The justification and reasons for the derogation shall be published. Where a derogation is granted, the relevant transmission system operators shall develop and publish a methodology and projects that shall provide a long-term solution to the issue that the derogation seeks to address. The derogation shall expire when the time limit is reached or, once the solution is applied, whichever is earlier. In case a derogation is not granted, it should be considered as a reason to start a bidding zone review process in accordance with Articles 32 to 34 of Regulation (EU) 2015/1222.
2017/09/25
Committee: ITRE
Amendment 731 #

2016/0379(COD)

Proposal for a regulation
Article 16 – paragraph 1
1. Charges applied by network operators for access to networks , including charges for connection to the networks, charges for use of networks, and, where applicable, charges for related network reinforcements, shall be transparent, take into account the need for network security and flexibility and reflect actual costs incurred insofar as they correspond to those of an efficient and structurally comparable network operator and are applied in a non-discriminatory manner. In particular, they shall be applied in a way which does not discriminate between production connected at the distribution level and production connected at the transmission level, either positively or negatively. Charges for generators (G- component) shall not differ between member states. They shall not discriminate against energy storage and shall not create disincentives for participation in demand response. Without prejudice to paragraph 3, those charges shall not be distance- related.
2017/09/25
Committee: ITRE
Amendment 766 #

2016/0379(COD)

Proposal for a regulation
Article 16 – paragraph 8
8. Regulatory authorities shallmay provide incentives to distribution system operators to procure services for the operation and development of their networks and integrate innovative solutions in the distribution systems, when such incentives are deemed to bring relevant benefits for the consumers and always taking into account local specificities. For that purpose regulatory authorities shall recognise as eligible and include all rereasonablev ant costs ind efficient costs in allowed revenues covered by distribution tariffs and introduce performance targets in order to incentivise distribution system operators to raise efficiencies, including energy efficiency, in their networks.
2017/09/25
Committee: ITRE
Amendment 776 #

2016/0379(COD)

Proposal for a regulation
Article 16 – paragraph 9 – introductory part
9. By [OP: please add specific date – three months after entry into force] the Agency shall provide a recommendation addressed to regulatory authorities on the progressive NRAs cooperating in the framework of the Agency shall define a publication template to favour transparency in the setting and structure of transmission tariffs. The template shall address at least the following Minimum Publication Requirements regarding Tariff Charges: (a) the ratio of tariffs applied to producers and to consumers; (b) the costs and/or allowed or target revenue of the transmission system operator to be reconvergence of transmission and distribution tariff methodologies. That recommendation shall address at least: ed by tariffs; (c) time differentiated network tariffs; (d) locational signals; (e) the relationship between transmission and distribution tariffs (f) groups of network users subject to tariffs, including tariff exemptions. By [OP: please add specific date – six months after entry into force], and afterwards regularly every two years, the national regulatory authority or the transmission system operator(s), as decided by the national regulatory authority, shall publish information according to the Minimum Publication Requirements template, on the methodology for calculating the respective network tariffs.
2017/09/25
Committee: ITRE
Amendment 794 #

2016/0379(COD)

Proposal for a regulation
Article 16 – paragraph 10
10. Without prejudice to further harmonisation by way of delegated acts pursuant to Article 55(1)(k)The information published pursuant to Article 16(9) shall be accessible to the public, fregulatory authorities shall take the Agency's recommendation duly into consideration when approving or fixing transmission tariffs or their methodologies in accordance with Article 59(6)(a) of [recast of Directive 2009/72/EC as proposed by COM(2016) 864/2]e of charge and of any limitations as to its use. It shall be published: a) in a user-friendly manner; b) in a clear, easily accessible way and on a non-discriminatory basis; c) in a downloadable format; d) in one or more of the official languages of the Member State and, unless one of the official languages of the Member State is German, to the extent possible, in German.
2017/09/25
Committee: ITRE
Amendment 800 #

2016/0379(COD)

Proposal for a regulation
Article 16 – paragraph 11
11. The Agency shall monitor the implementation of its recommendation and provide a report to the Commission by 31st January each year. It shall update the recommendation at least once every two yearregularly publish a summary report on the information published by the national regulatory authorities or transmission system operators pursuant to Article 16(9). After two editions of the summary report, the Agency may provide an opinion addressed to regulatory authorities on the transparency of transmission tariffs.
2017/09/25
Committee: ITRE
Amendment 821 #

2016/0379(COD)

Proposal for a regulation
Article 17 – paragraph 3 – subparagraph 1
The use of revenues in accordance with points (a) and (b) of paragraph 2 shall be subject to a methodology proposed by the Agency and approved by the Commission. The Agency's proposal shall be submitted to the Commission by [OP: 12 months after entry into force] and be approved within six months.deleted
2017/09/25
Committee: ITRE
Amendment 844 #

2016/0379(COD)

Proposal for a regulation
Article 18 – paragraph 1
1. Member States shall monitor resource adequacy within their territory baseduse the results onf the European resource adequacy assessment pursuant to Article 19 to verify the resource adequacy concerns within their territory.
2017/09/25
Committee: ITRE
Amendment 892 #

2016/0379(COD)

Proposal for a regulation
Article 19 – paragraph 1
1. The European resource adequacy assessment shall cover the overall adequacy of the electricity system to supply current and projected demdetermine resource adequacy concerns in the Union, within the relevant Member States in the system operation region ands for electricity for a ten-year period from the date of that assessment, in a yearly resolutiach Member State, and where relevant down to each bidding zone.
2017/09/25
Committee: ITRE
Amendment 979 #

2016/0379(COD)

Proposal for a regulation
Article 21 – paragraph 4
4. Cross-border participation in market-wide capacity mechanisms shall not change, alter or otherwise impact cross- zonal schedules and physical flows between Member States which shall be determined solely by the outcome of capacity allocation pursuant to Article 14.
2017/09/25
Committee: ITRE
Amendment 980 #

2016/0379(COD)

Proposal for a regulation
Article 21 – paragraph 5
5. Capacity providers shall be able to participate in more than one mechanism for the same delivery period. They shall be subject to non-availability payments in case of non-availability, and subject to two or more non-availability payments where there is concurrent scarcity in two or more bidding zones where the capacity provider is contracted.deleted
2017/09/25
Committee: ITRE
Amendment 1020 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 1
1. To address residual concerns that cannot be eliminated economically by the measures pursuant to Article 18(3), Member States may introduce capacity mechanisms, subject to the provisions of this Aarticle and to the Union State aid rules.
2017/09/25
Committee: ITRE
Amendment 1073 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 4
4. Generation capacity for which a final investment decision has been made after [OP: entry into force] shall only be eligible to participate in a capacity mechanism if its emissions are below 550 gr CO2/kWh. If CHP is used, both, power and heat output have to be considered in the calculation of the specific emissions. Generation capacity emitting 550 gr CO2/kWh or more shall not be committed in capacity mechanisms 5 years after the entry into force of this Regulation.
2017/09/25
Committee: ITRE
Amendment 1087 #

2016/0379(COD)

Proposal for a regulation
Article 23 – paragraph 5
5. Where the European resource adequacy assessment has not identified a resource adequacy concern, Member States shall not apply capacity mechanisms.deleted
2017/09/25
Committee: ITRE
Amendment 1132 #

2016/0379(COD)

Proposal for a regulation
Article 27 – paragraph 1 – point j a (new)
(j a) cooperate with EU DSO entity and adopt best practice on the coordinated operation and planning of transmission and distribution systems including issues such as exchange of data between operators and coordination of distributed energy resources;
2017/09/25
Committee: ITRE
Amendment 1209 #

2016/0379(COD)

Proposal for a regulation
Article 34 – paragraph 1 – point m
(m) upfront identification of potential regional crisis scenarios according to Article 6(1) of [Regulation on risk preparedness as proposed by COM(2016) 862] if this task is delegated by ENTSO for Electricity;, tore the original Commission’s text.
2017/09/25
Committee: ITRE
Amendment 1348 #

2016/0379(COD)

Proposal for a regulation
Article 45 – paragraph 1 – subparagraph 2 – point c
(c) identify investment gaps, notably with respect to cross-border capacities by analysing target values in MW for transfer capacity at bidding zone boundaries.
2017/09/25
Committee: ITRE
Amendment 1352 #

2016/0379(COD)

Proposal for a regulation
Article 45 – paragraph 1 – point 1 (new)
(1) The draft Union-wide network plan shall be submitted to the Agency for an opinion.The ENTSO-E shall amend the Union-wide network development plan in accordance with this opinion and resubmit the amended plan to the Agency.The agency shall recommend the Union-wide network development plan to the Commission, if deemed adequate.
2017/09/25
Committee: ITRE
Amendment 1353 #

2016/0379(COD)

Proposal for a regulation
Article 45 – paragraph 2
2. The Agency shall provide an opinion on the national ten-year network development plans to assess their consistency with the draft Union -wide network development plan. If the Agency, in consultation with the concerned national regulatory authority, identifies inconsistencies between a national ten-year network development plan and the Union - wide network development plan, it shall, in close cooperation with all concerned regulatory authorities, recommend amending the national ten-year network development plan or the draft Union - wide network development plan as appropriate. If such national ten-year network development plan is elaborated in accordance with Article 51 of [recast of Directive 2009/72/EC as proposed by COM(2016) 864/2], the Agency shall recommend that the competent national regulatory authority amend the national ten-year network development plan in accordance with Article 51(7) of that Directive and inform the Commission thereof. An investment which is objected by the Agency, after having consulted the concerned national regulatory authorities, shall not be part of the Union-wide network development plan.
2017/09/25
Committee: ITRE
Amendment 1369 #

2016/0379(COD)

Proposal for a regulation
Article 49 – paragraph 1
Distribution system operators which are not part of a vertically integrated undertaking or which are unbundled according to the provisions of Article 35 [recast of Directive 2009/72/EC as proposed by COM(2016) 864/2], shall cooperate at Union level through a European Entity for Distribution system operators ("EU DSO entity"), in order to promote the completion and functioning of the internal market in electricity, and to promote optimal management and a coordinated operation of distribution and transmission systems. Distribution system operators who wish to participate in the EU DSO entity shall become registered members of the entity. Registered members may participate in the EU DSO entity directly or be represented by the national or European association of their choice.
2017/09/25
Committee: ITRE
Amendment 1382 #

2016/0379(COD)

1. By [OP: twelve months after entry into force], the distribution system operatorsregistered members, either participating directly or being represented by the national or European associations of their choice, with the administrative support of the Agency, shall submit to the Commission and to the Agency the draft statutes, a list of registered members, the draft rules of procedure, including the rules of procedures on the consultation with ENTSO for Electricity- E and other stakeholders and the financing rules, of the EU DSO entity to be established.
2017/09/25
Committee: ITRE
Amendment 1445 #

2016/0379(COD)

Proposal for a regulation
Article 53 – paragraph 1
1. Distribution system operators shall cooperate withand transmission system operators shall cooperate in planning and operating their networks. In particular, transmission and distribution system operators shall exchange all necessary information and data regarding, the performance of generation assets and demand side response, the daily operation of their networks and the long-term planning of network investments, with the view to ensure the cost-efficient, development and operation and the secure and reliable development and operation of their networks.
2017/09/25
Committee: ITRE
Amendment 1460 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 1 – introductory part
1. The Commission is empowered for five years to adopt delegated acts in accordance with Article 63 concerning the establishment of network codes in cover the following areas:
2017/09/25
Committee: ITRE
Amendment 1463 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point g
(g) capacity-allocation and congestion- management rules including curtailment of generation and redispatch of generation and demand ;
2017/09/25
Committee: ITRE
Amendment 1469 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point k
(k) rules regarding harmonised transmission and distribution tariff structures and connection charges including locational signals and inter- transmission system operator compensation rules;deleted
2017/09/25
Committee: ITRE
Amendment 1477 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point m
(m) rules for non-discriminatory, transparent provision of non-frequency ancillary services, including steady state voltage control, inertia, fast reactive current injection, black-start capability;deleted
2017/09/25
Committee: ITRE
Amendment 1483 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point o
(o) cyber security rules; andeleted
2017/09/25
Committee: ITRE
Amendment 1485 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point p
(p) rules concerning regional operational centres.deleted
2017/09/25
Committee: ITRE
Amendment 1494 #

2016/0379(COD)

Proposal for a regulation
Article 55 – paragraph 2
2. The Commission shall, after consulting the Agency, the ENTSO for Electricity, the EU DSO entity and the other relevant stakeholders, establish a priority list every three years, identifying the areas set out in paragraph 1 to be included in the development of network codes. If the subject-matter of the network code is directly related to the operation of the distribution system and less relevant for the transmission system, the Commission mayshall require the EU DSO entity for electricity instead of the ENTSO for Electricity to convene a drafting committee and submit a proposal for a network code to the agency.
2017/09/25
Committee: ITRE
Amendment 1516 #

2016/0379(COD)

13. Where the Commission proposes to adopt a network code on its own initiative, the Commission shall consult the Agency, the ENTSO for Electricity, the EU DSO entity and all relevant stakeholders in regard to the draft network code during a period of no less than two months.
2017/09/25
Committee: ITRE
Amendment 1539 #

2016/0379(COD)

Proposal for a regulation
Article 57 – paragraph 7
7. When adopting or amending gGuidelines, the Commission shall consult the Agency, the ENTSO for Electricity, the EU DSO entity and other stakeholders where relevant.
2017/09/25
Committee: ITRE
Amendment 1553 #

2016/0379(COD)

Proposal for a regulation
Article 63 – paragraph 3
3. The delegation of power referred to in Article 31(3), Article 46(4), Article 55(1), Article 56(1) and (4), and Article 59(11) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of power specified in that decision. It shall take effectshall be conferred on the Commission for a period of five years from [the date of entry into force of this Regulation]. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end onf the day following the publication of the decision in the Offfive-year period. The delegation of power shall be tacitly extended for periods of an identicial Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated act already in forceduration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.
2017/09/25
Committee: ITRE
Amendment 1557 #

2016/0379(COD)

Proposal for a regulation
Article 63 – paragraph 5
5. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and, to the Council and the Official Journal of the European Union.
2017/09/25
Committee: ITRE
Amendment 42 #

2016/0378(COD)

Proposal for a regulation
Recital 7
(7) Due to the close interconnection of the Union electricity grid and the increasing need to cooperate with neighbouring countries to maintain grid stability and integrate large volumes of renewable energies, regional operational centres will play an important role for the coordination of transmission system operators. The Agency should guarantee regulatory oversight over the regional operational centres where necessary. Former the Agency should be informed about the regional decisions from the regional operational centres and the transmission system operators.
2017/09/21
Committee: ITRE
Amendment 58 #

2016/0378(COD)

Proposal for a regulation
Recital 17
(17) Since the stepwise harmonisation of the Union energy markets involves finding regional solutions regularly as an interim step, it is appropriate to reflect the regional dimension of the internal market and to provide for appropriate governance mechanisms. Regulators responsible for coordinated regional approvaldecisions should be able to prepare Board of Regulators decisions on issues of regional relevance in a regional subcommittee of the Board of Regulators, unless those issues are of general importance for the Union.
2017/09/21
Committee: ITRE
Amendment 65 #

2016/0378(COD)

Proposal for a regulation
Recital 28
(28) The Agency should exercise its decision-making powers in line with the principles of fair, transparent and reasonable decision-making. All procedural rules of the Agency should bfollow adequate procedural rules, who are laid down in its rules of procedures.
2017/09/21
Committee: ITRE
Amendment 69 #

2016/0378(COD)

Proposal for a regulation
Recital 34
(34) Through the cooperation of national regulators within the Agency it is evident that majority decisions are a key pre- requisite to achieve progress on matters concerning the internal energy market which have significant economic effects in various Member States. National regulators should therefore vote with simpletwo-thirds majority within the Board of Regulators. The Agency should be accountable for its decision making to the European Parliament, the Council and the Commission, where appropriate.
2017/09/21
Committee: ITRE
Amendment 118 #

2016/0378(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point a
(a) submit a decision on non-binding framework guidelines to the Commission where it is requested to do so under Article 55(3) of [recast Electricity Regulation as proposed by COM(2016) 861/2] or Article 6(2) of Regulation (EC) No 715/2009. The Agency shall review the non-binding framework guideline and re-submit it to the Commission where requested to do so under Article ) 55(6) of [recast Electricity Regulation as proposed by COM(2016) 861/2] or Article 6(4) of Regulation (EC) No 715/2009.;
2017/09/21
Committee: ITRE
Amendment 123 #

2016/0378(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point c
(c) submit a decision on the revised network code to the Commission in accordance with Article 55(10) of [recast Electricity Regulation as proposed by COM(2016) 861/2] or pursuant to Article 6(9) of Regulation (EC) No 715/2009. The Agency shall prepare and submit a draft network code to the Commission where it is requested to do so under Article 55(11) of [recast Electricity Regulation as proposed by COM(2016) 861/2] or Article 6(10) of Regulation (EC) No 715/2009 ;
2017/09/21
Committee: ITRE
Amendment 134 #

2016/0378(COD)

Proposal for a regulation
Article 5 – paragraph 2
2. In cases where the network codes and guidelines developed pursuant to Chapter VII of [recast Electricity Regulation as proposed by COM(2016) 861/2] provide for the development of proposals for terms and conditions or methodologies for the implementation of those network codes and guidelines which require regulatory approval by all regulatory authorities or by all regulators of the concerned region, the proposed terms and conditions or methodologies shall be submitted for revision and approval to the Agency. Before approving the terms and conditions or methodologies, the Agency shall revise and change them where necessary in order to ensure that they are in line with the purpose of the network code or guideline and contribute to market integration, non-discrimination and the efficient functioning of the market. The procedure for the coordination of regional tasks in accordance with Article 7 shall applyective competition and the proper functioning of the market.
2017/09/21
Committee: ITRE
Amendment 140 #

2016/0378(COD)

Proposal for a regulation
Article 5 – paragraph 3
3. In the context of the bidding zone review, the Agency shall approve and may request amendments to the methodology and assumptions that will be used in the bidding zone review process pursuant to Article 13 paragraph 3 of [recast Electricity Regulation as proposed by COM(2016) 861/2].deleted
2017/09/21
Committee: ITRE
Amendment 142 #

2016/0378(COD)

Proposal for a regulation
Article 6 – paragraph 1
1. The Agency shall adopt individual recommendations, opinions and decisions on technical issues where those decisions are provided for in [OP: recast Electricity Directive as proposed by COM(2016) 864/2], Directive 2009/73/EC, [OP: recast Electricity Regulation as proposed by COM(2016) 861/2] or, Regulation (EC) No 715/2009 or any network codes or guidelines adopted on the basis of these Directives and Regulations.
2017/09/21
Committee: ITRE
Amendment 146 #

2016/0378(COD)

Proposal for a regulation
Article 6 – paragraph 2
2. The Agency may, in accordance with its work programme, at the request of the Commission or at its own initiative, make recommendations to assist regulatory authorities and market players in sharing good practices.
2017/09/21
Committee: ITRE
Amendment 158 #

2016/0378(COD)

Proposal for a regulation
Article 6 – paragraph 8 – subparagraph 1 – introductory part
. As regards regulatory issuedecisions with cross- border relevance , the Agency shall decide upon those regulatory issues that fall within the competence of at least two national regulatory authorities, which may include the terms and conditions for access and operational security, or methodologies with relevance for cross-border trade or operational security, or other regulatory issuedecisions with cross-border relevance :
2017/09/21
Committee: ITRE
Amendment 170 #

2016/0378(COD)

Proposal for a regulation
Article 7 – paragraph 1
1. For decisions pursuant to Article 5(2) last sentence of the present Regulation, on joint regional terms and conditions or methodologies to be developed under network codes and guidelines pursuant to Chapter VII of the [recast Electricity Regulation as proposed by COM(2016) 861/2] which regularly concern a limited number of Member States and require a joint regulatory decision at regional level, for regional decisions pursuant to Article 6(8), for regional decisions, opinions and recommendations pursuant to Articles 8, 9, 10, 11 and 12 the Agency may be assisted by a subset of the Board of Regulators, consisting only of the regulatory authorities of the concerned region, following the procedure in paragraphs 2 to 4 of this Article.
2017/09/21
Committee: ITRE
Amendment 186 #

2016/0378(COD)

Proposal for a regulation
Article 7 – paragraph 3
3. The Board of Regulators shall, if appropriate, and notably taking into account the opinion of the Director, establish a regional subgroup consisting of the concerned members of the Board of Regulators to revise the proposal and make a recommendation to the Board of Regulators on the approval, including possible amendmentdraft the opinions, recommendations and decisions referred to in paragraph 1 and submit them to the Board of Regulators.
2017/09/21
Committee: ITRE
Amendment 198 #

2016/0378(COD)

Proposal for a regulation
Article 7 – paragraph 5
5. The regulatory authorities of the region shall jointly designate a single coordinating national regulatory authority responsible for the coordination of the regional subgroups of the national regulatory authorities. The function of the coordinating national regulatory authority shall rotate every two years. The coordinating national regulatory authority shall act as contact point for all concerned parties, including for the Agency. It may request information relevant for the implementation of regulatory functions at regional level from all concerned parties on its own initiative or at the request of another national regulatory authority or authorities of the region and shall provide the Agency with information concerning the regional activities of the national regulatory authorities of the region. Regulatory authorities acting in regional subgroups of the Board of Regulators shall makeget sufficient resources available to enable the group to carry out its functions.
2017/09/21
Committee: ITRE
Amendment 24 #

2016/0377(COD)

Proposal for a regulation
Citation 5 a (new)
– having regard to the reasoned opinions of the national parliaments on the issue of subsidiarity,
2017/09/14
Committee: ITRE
Amendment 32 #

2016/0377(COD)

Proposal for a regulation
Recital 3
(3) In a context of interlinked electricity markets and systems, crisis prevention and management cannot be considered a purely national responsibilitymight be placed in a situation whereby they need to be coordinated between the Union and the Member States. A common framework of rules and coordinated procedures are needed, to ensure that Member States and other actors cooperate effectively across borders in a spirit of transparency and solidarity.
2017/09/14
Committee: ITRE
Amendment 37 #

2016/0377(COD)

Proposal for a regulation
Recital 6
(6) This Regulation sets out a common framework of rules on how to prevent, prepare for and manage electricity crisis situations, bringing more transparency in the preparation phase and during an electricity crisis and ensuring that, even in a crisis, electricity is delivered where it is needed most. It requirescalls on Member States to cooperate at regional level, in a spirit of solidarity. It also sets out a framework for an effective monitoring of security of supply in Europe via the Electricity Coordination Group. This should result in better risk preparedness at a lower cost. It should also strengthen the internal energy market by enhancing trust and confidence across Member States and ruling out inappropriate state interventions in crisis situations, in particular avoiding undue curtailment of cross-border flows.
2017/09/14
Committee: ITRE
Amendment 41 #

2016/0377(COD)

Proposal for a regulation
Recital 10
(10) To facilitate prevention, information exchange and ex-post evaluation of electricity crises, Member States should designate one competent authority as a contact point. This may be an existing or new entity, which will act as an interface between distribution system operators and transmission system operators, whilst respecting the prerogatives of each entity.
2017/09/14
Committee: ITRE
Amendment 49 #

2016/0377(COD)

Proposal for a regulation
Recital 13
(13) On the basis of this common methodology, ENTSO-E should regularly draw up and update regional crisis scenarios and identify the most relevant risks for each region such as possible changes in the geopolitical situation, extreme weather conditions, natural disasters, fuel shortages or malicious attacks. When considering the crisis scenario of gas fuel shortage, the risk of gas supply disruption should be assessed based on the gas supply and infrastructure disruption scenarios developed by the European Network of Transmission System Operators for Gas pursuant to Article 6.6 of the Gas Security of Supply Regulation [proposed Gas Security of Supply Regulation]. Member States should establish and update their national crisis scenarios on this basis, in principle every three years. The scenarios should provide the basis for the risk- preparedness plans. When identifying risks on national level the Member States should also describe possible risks they see in relation to the ownership of infrastructure relevant for security of supply, and possible measures taken, if any, to address such risks (such as general or sector- specific investment screening laws, special rights for certain shareholders, etc.), with an indication why in their view such measures are justified.
2017/09/14
Committee: ITRE
Amendment 50 #

2016/0377(COD)

Proposal for a regulation
Recital 13
(13) On the basis of this common methodology, ENTSO-E, in cooperation with the Member States, should regularly draw up and update regional crisis scenarios and identify the most relevant risks for each region such as extreme weather conditions, natural disasters, fuel shortages or malicious attacks. When considering the crisis scenario of gas fuel shortage, the risk of gas supply disruption should be assessed based on the gas supply and infrastructure disruption scenarios developed by the European Network of Transmission System Operators for Gas pursuant to Article 6.6 of the Gas Security of Supply Regulation [proposed Gas Security of Supply Regulation]. Member States should establish and update their national crisis scenarios on this basis, in principle every three years. The scenarios should provide the basis for the risk- preparedness plans. When identifying risks on national level the Member States should also describe possible risks they see in relation to the ownership of infrastructure relevant for security of supply, and possible measures taken, if any, to address such risks (such as general or sector- specific investment screening laws, special rights for certain shareholders, etc.), with an indication why in their view such measures are justified.
2017/09/14
Committee: ITRE
Amendment 53 #

2016/0377(COD)

Proposal for a regulation
Recital 14
(14) A regional approach to identifying risk scenarios and developing preventive and mitigating measures should bring significant benefits in terms of the effectiveness of measures and optimal use of resources. Moreover, in a simultaneous electricity crisis, a coordinated and pre- agreed approach will ensure a consistent response and reduce the risk of negative spill-over effects that purely national measures could have in neighbouring Member States. This Regulation therefore requirescalls on Member States to cooperate in a regional context.
2017/09/14
Committee: ITRE
Amendment 73 #

2016/0377(COD)

Proposal for a regulation
Recital 30
(30) To allow for a swift Union response to changing circumstances as regards risk preparedness in the electricity sector, the power to adopt acts for five years, in accordance with Article 290 of the Treaty on the Functioning of the European Union, should be delegated to the Commission in respect of amendments of the templates for risk preparedness plans. It is particularly important that the Commission carry out appropriate consultations during its preparatory work, including at expert level. When preparing and drawing up delegated acts, it should ensure that relevant documents are sent simultaneously to the European Parliament and the Council, in good time and in the appropriate manner.
2017/09/14
Committee: ITRE
Amendment 74 #

2016/0377(COD)

Proposal for a regulation
Recital 30
(30) To allow for a swift Union response to changing circumstances as regards risk preparedness in the electricity sector, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission for five years in respect of amendments of the templates for risk preparedness plans. It is particularly important that the Commission carry out appropriate consultations during its preparatory work, including at expert level. When preparing and drawing up delegated acts, it should ensure that relevant documents are sent simultaneously to the European Parliament and the Council, in good time and in the appropriate manner.
2017/09/14
Committee: ITRE
Amendment 85 #

2016/0377(COD)

Proposal for a regulation
Article 3 – paragraph 1
1. As soon as possible and by [OPOCE to insert exact date: three months after entry into force of this Regulation] at the latest, each Member State shall designate a national governmental or regulatory authority as its competent authority in charge of carrying out tasks set out in this Regulation. Competent Authorities shall cooperate with each other and with distribution system operators for the purposes of this Regulation.
2017/09/14
Committee: ITRE
Amendment 90 #

2016/0377(COD)

Proposal for a regulation
Article 4 – paragraph 1
Member States shall ensure that all risks relating to security of electricity supply are assessed in accordance with the rules set out in this Regulation and Article 18 of the Electricity Regulation [proposed Electricity Regulation]. To this end, they shall cooperate with ENTSO-E and the regional operational centres, which shall act as operator cooperation platforms with powers to guide national bodies.
2017/09/14
Committee: ITRE
Amendment 99 #

2016/0377(COD)

Proposal for a regulation
Article 5 – paragraph 1
1. By ...[OPOCE to insert exact date: twohree months after entry into force of this Regulation], ENTSO-E shall submit to the Agency a proposal for a methodology for identifying the most relevant electricity crisis scenarios in a regional context.
2017/09/14
Committee: ITRE
Amendment 110 #

2016/0377(COD)

Proposal for a regulation
Article 5 – paragraph 4
4. Before submitting the proposed methodology, ENTSO-E shall conduct a consultation exercise involving at least the industry and consumer organisations, generators’ and distribution system operators’ representatives, national regulatory authorities and other national authorities. ENTSO-E shall duly take into account the results of the consultation.
2017/09/14
Committee: ITRE
Amendment 120 #

2016/0377(COD)

Proposal for a regulation
Article 6 – paragraph 1
1. By [OPOCE to insert exact date: ten months after entry into force of this Regulation] and on the basis of the methodology adopted pursuant to Article 5, ENTSO-E shall identify the most relevant electricity crisis scenarios for each region, taking special care to handle the information acquired with due confidentiality. It may delegate tasks relating to the identification of regional crisis scenarios to the regional operational centres.
2017/09/14
Committee: ITRE
Amendment 169 #

2016/0377(COD)

Proposal for a regulation
Article 10 – paragraph 3
3. The plan shall be developed in accordance with the template in the Annex. The Commission shall be empowered to adopt delegated acts for five years in accordance with Article 19 to amend this template.
2017/09/14
Committee: ITRE
Amendment 170 #

2016/0377(COD)

Proposal for a regulation
Article 10 – paragraph 3
3. The plan shall be developed in accordance with the template in the Annex. The Commission shall be empowered for five years to adopt delegated acts in accordance with Article 19 to amend this template.
2017/09/14
Committee: ITRE
Amendment 203 #

2016/0377(COD)

Proposal for a regulation
Article 14 – paragraph 2
2. Where necessary and possible Member States shall offer each other assistance to prevent or mitigate an electricity crisis, respecting the prerogatives of the Member States and the autonomy of the national authorities. Such assistance shall be subject to compensation.
2017/09/14
Committee: ITRE
Amendment 226 #

2016/0377(COD)

Proposal for a regulation
Article 19 – paragraph 2
2. The powers to adopt the delegated acts as referred to in Article 10(3) shall be conferred on the Commission for an indeterminate period of time from [OPOCE to insert the date of entry into force of this Regulation] period of five years beginning on [xx.xx.xxxx]. The Commission shall submit a report in respect of the delegated powers no later than six months before the end of the five- year period. The delegation of powers shall be automatically extended for periods of an identical duration unless the European Parliament or the Council revokes it in accordance with Article 24.
2017/09/14
Committee: ITRE
Amendment 227 #

2016/0377(COD)

Proposal for a regulation
Article 19 – paragraph 5
5. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council, the Council and the Official Journal of the European Union.
2017/09/14
Committee: ITRE
Amendment 171 #

2016/0376(COD)

Proposal for a directive
Recital 9
(9) New savings should be additional to business as usual, so that savings that would have occurred in any event may not be claimed. In order to calculate the impact of measures introduced only net savings, measured as the change of energy consumption that is directly attributable to the energy efficiency measure in question, may be counted. To calculate net savings Member States should establish a baseline scenario of how the situation would evolve in the absence of the policy in question. The policy intervention should be evaluated against this defined baseline. Member States should take into account that other policy interventions may be undertaken in the same time frame which may also have an impact on energy savings, so that not all changes observed since the introduction of the policy intervention being evaluated can be attributed to that policy measure only. The actions of the obligated, participating or entrusted party should actually contribute to the achievement of the savings claimed to ensure the fulfilment of the materiality requirement.
2017/07/04
Committee: ITRE
Amendment 262 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1
Directive 2012/27/EU
Article 1 – paragraph 1
1. This Directive establishes a common framework of measures to promote energy efficiency within the Union in order to ensure that the Union’s 2020 20 % headline targets and its 2030 30 % bindingcative headline targets on energy efficiency are met and paves the way for further energy efficiency improvements beyond those dates. It lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy, and provides for the establishment of indicative national energy efficiency targets and contributions for 2020 and 2030.;
2017/07/07
Committee: ITRE
Amendment 300 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2012/27/EU
Article 3 – paragraph 1 – subparagraph 2 – point a
(a) that the Union’s 2020 energy consumption has to be no more than 1 483 Mtoe of primary energy andor no more than 1 086 Mtoe of final energy;
2017/07/07
Committee: ITRE
Amendment 318 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2012/27/EU
Article 3 – paragraph 2
2. By 30 June 2014, the Commission shall assess progress achieved and whether the Union is likely to achieve energy consumption of no more than 1 483 Mtoe of primary energy andor no more than 1 086 Mtoe of final energy in 2020.
2017/07/07
Committee: ITRE
Amendment 323 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2012/27/EU
Article 3 – paragraph 3 – point d
(d) compare the results under points (a) to (c) with the quantity of energy consumption that would be needed to achieve energy consumption of no more than 1 483 Mtoe of primary energy andor no more than 1 086 Mtoe of final energy in 2020.
2017/07/07
Committee: ITRE
Amendment 339 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2012/27/EU
Article 3 – paragraph 4
4. Each Member State shall set indicative national energy efficiency contributions towards the Union's 2030 target referred to in Article 1 paragraph 1 in accordance with Articles [4] and [6] of Regulation (EU) XX/20XX [Governance of the Energy Union]. When setting those contributions, Member States shall take into account that the Union’s 2030 energy consumption has to be no more than 1 321 Mtoe of primary energy andor no more than 987 Mtoe of final energy. Member States shall notify those contributions to the Commission as part of their integrated national energy and climate plans in accordance with the procedure pursuant to Articles [3] and [7] to [11] of Regulation (EU) XX/20XX [Governance of the Energy Union].;
2017/07/07
Committee: ITRE
Amendment 353 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2012/27/EU
Article 7 – title
Article 7 Energy savingsefficiency obligation
2017/07/07
Committee: ITRE
Amendment 387 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2012/27/EU
Article 7 – paragraph 1 – subparagraph 2
Member States shall continue to achieve new annual savings of 1.5% for ten year periods after 2030, unless reviews by the Commission by 2027 and every 10 years thereafter conclude that this is not necessary to achieve the Union's long term energy and climate targets for 2050.deleted
2017/07/07
Committee: ITRE
Amendment 410 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2012/27/EU
Article 7 – paragraph 1 – subparagraph 3
For the purposes of point (b), and without prejudice to paragraphs 2 and 3, Member States may count only those energy savings that stem from new policy measures, whether introduced after 31 December 2020 or policy measures introduced during the period from 1 January2014 to 31December 2020before provided it can be demonstrated that those measures result in new individual actions that are undertaken after 31 December 2020 and deliver new savings.
2017/07/07
Committee: ITRE
Amendment 462 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2012/27/EU
Article 7 – paragraph 3
3. All the options chosen under paragraph 2 taken together must amount to no more than 25 40% of the amount of energy savings referred to in paragraph 1. Member States shall apply and calculate the effect of the options chosen for the periods referred to in points (a) and (b) of paragraph 1 separately:
2017/07/07
Committee: ITRE
Amendment 491 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2012/27/EU
Article 7a – paragraph 2
2. Member States shall designate, on the basis of objective and non- discriminatory criteria, obligated parties among energy distributors and/or retail energy sales companies operating in its territory and mayshall include transport fuel distributors or transport fuel retailers operating in its territory. The amount of energy savings needed to fulfil the obligation shall be achieved by the obligated parties among final customers, designated by the Member State, independently of the calculation made pursuant to Article 7(1), or, if Member States so decide, through certified savings stemming from other parties as described in point (b) of paragraph 5.
2017/07/04
Committee: ITRE
Amendment 509 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2012/27/EU
Article 7a – paragraph 5 – point a
(a) shall include requirementincentives with a social aim in the saving obligations they impose, including by requiring a share of energy efficiency measures to be implemented as a priority in households affected by energy poverty and in social housing;
2017/07/04
Committee: ITRE
Amendment 513 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2012/27/EU
Article 7a – paragraph 5 – point c
(c) may allow obligated parties to count savings obtained in a given year as if they had instead been obtained in any of the four previous or three following years as long as this is not beyond the end of the obligation periods set out in Article 7(1).
2017/07/04
Committee: ITRE
Amendment 520 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 4 (new)
Directive 2012/27/EU
Article 7a – paragraph 5 a (new)
5a. End-energy savings resulting from the infrastructure for efficient district heating and district cooling (as described in Article 7(2)(c) are creditable for obligated parties."
2017/07/04
Committee: ITRE
Amendment 573 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
Directive 2012/27/EU
Article 9a – paragraph 2 – subparagraph 2
Where the use of individual meters is not technically feasible or where it is not cost- efficient to measure heating or cooling in each building unit or proportionate in relation to the potential energy savings, individual heat cost allocators distributors shall be used to measure heat consumption at each radiator unless it is shown by the Member State in question that the installation of such heat cost allocators distributors would not be cost efficient or technical feasible or proportionate in relation to the potential energy savings. In those cases, alternative cost-efficient methods of heat consumption measurement may be considered. The conditions of technical non-feasibility and non-cost effectiveness shall be clearly set out and published by each Member State.
2017/07/04
Committee: ITRE
Amendment 580 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
Directive 2012/27/EU
Article 9a – paragraph 2 – subparagraph 3
In new buildings of the kind referred to in the first sub-paragraph or when such a building undergoes major renovation, as set out in Directive 2010/31/EU, individual meters shall always be provided– with exception of passive houses – be provided where it is cost-efficient, technical feasible and proportionate in relation to the potential energy savings.
2017/07/04
Committee: ITRE
Amendment 597 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 8
Directive 2012/27/EU
Article 10a – paragraph 1 – subparagraph 1
Whenever cost efficient, technical feasible and proportionate in relation to the potential energy savings, Member States shall ensure that billing and consumption information is accurate and based on actual or proportionate consumption, in accordance with points 1 and 2 of Annex VIIa for all final users where meters or cost allocators distributors are installed.
2017/07/04
Committee: ITRE
Amendment 606 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 8
Directive 2012/27/EU
Article 10a – paragraph 2 – point a
(a) shall require that, if information on the energy billing and historical consumption of final users is available, it be made available, to an energy service provider designated by the final user upon request;
2017/07/04
Committee: ITRE
Amendment 610 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 8
Directive 2012/27/EU
Article 10a – paragraph 2 – point c
(c) shall ensure that appropriate information is provided with the bill based on actual or proportionate consumption to all final users in accordance with point 3 of Annex VII;
2017/07/04
Committee: ITRE
Amendment 624 #

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12
Directive 2012/27/EU
Article 23 – paragraph 2
2. The power to adopt delegated acts referred to in Article 22 shall be conferred on the Commission for a period of five years from 4 December 2017. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five year period. The delegation of power shall be tacitly extended for periods of identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.;
2017/07/04
Committee: ITRE
Amendment 646 #

2016/0376(COD)

Proposal for a directive
Annex – point 1 – point b
Directive 2012/27/EU
Annex V – paragraph 2 – point a
(a) the savings must be shown to be additional to those that would have occurred in any event without the activity of the obligated, participating or entrusted parties and/or implementing authorities. To determine what savings can be claimed as additional Member States shall establish a baseline that describes how energy consumption would evolve in the absence of the policy measure in question. The baseline shall reflect at least the following factors: energy consumption trends, changes in consumer behaviour, technological progress and changes caused by other measures implemented at national and EU level;deleted
2017/07/04
Committee: ITRE
Amendment 672 #

2016/0376(COD)

Proposal for a directive
Annex – point 1 – point b
Directive 2012/27/EU
Annex V – paragraph 3 – point g
(g) the savings from an individual action may not be claimed by more than one party;deleted
2017/07/04
Committee: ITRE
Amendment 674 #

2016/0376(COD)

Proposal for a directive
Annex – point 1 – point b
Directive 2012/27/EU
Annex V – paragraph 3 – point h
(h) the activities of the participating party, entrusted party or implementing public authority are shown to have caused the achievement of the claimed savings.deleted
2017/07/04
Committee: ITRE
Amendment 691 #

2016/0376(COD)

Proposal for a directive
Annex – point 2 – point b
Directive 2012/27/EU
Annex VII a – paragraph 3 – subparagraph 1 – point c
(c) comparisons of the final users current energy consumption with consumption for the same period in the previous year, in graphic form, climate corrected for heating and cooling;
2017/07/04
Committee: ITRE
Amendment 260 #

2016/0375(COD)

Proposal for a regulation
Recital 5
(5) The European Council agreed on 24 October 2014 on the 2030 Framework for Energy and Climate for the Union based on four key targets: at least 40% cut in economy wide greenhouse gas ("GHG") emissions, at least 27% improvement in energy efficiency with a view to a level of 30%, at least 27% for the share of renewable energy consumed in the Union, and at least 15% for electricity interconnection. It specified that the target for renewable energy is bindingcative at Union level and that it will be fulfilled through Member States’ contributions guided by the need to deliver collectively the Union target.
2017/07/04
Committee: ENVIITRE
Amendment 783 #

2016/0375(COD)

Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1 – point a
(a) the Union’s 2020 energy consumption is no more than 1 483 Mtoe of primary energy andor no more than 1 086 Mtoe of final energy, the Union’s 2030 energy consumption is no more than 1 321 Mtoe of primary energy andor no more than 987 Mtoe of final energy for the first ten- year period;
2017/07/04
Committee: ENVIITRE
Amendment 959 #

2016/0375(COD)

Proposal for a regulation
Article 13 – paragraph 3
3. Member States shall only modify the targets, objectives and contributions set out in the update referred to in paragraph 2 to reflect an increased ambition as compared to the ones set in the latest notified integrated national energy and climate plan.Deleted
2017/07/04
Committee: ENVIITRE
Amendment 1161 #

2016/0375(COD)

Proposal for a regulation
Article 21 – paragraph 1 – point e
(e) national objectives with regards to energy poverty, including the number of households in energy poverty;deleted
2017/07/04
Committee: ENVIITRE
Amendment 1253 #

2016/0375(COD)

Proposal for a regulation
Article 25 – paragraph 3 – subparagraph 2 – point a
(a) consider whether the Union's milestone of no more than 1483 Mtoe of primary energy andor no more than 1086 Mtoe of final energy in 2020 is achieved;
2017/07/04
Committee: ENVIITRE
Amendment 16 #

2016/0374(CNS)

Proposal for a directive
Recital 3 a (new)
(3 a) In line with the Action Plan on VAT, this Directive aims at simpler, more fraud-proof and business-friendly VAT systems across the Member States, as well as keeping pace with today's digital and mobile economy.
2017/04/05
Committee: ECON
Amendment 17 #

2016/0374(CNS)

Proposal for a directive
Recital 5
(5) In order to prevent an extensive use of reduced VAT rates to audio-visual content, Member States should be enabled to apply a reduced rate to books, newspapers and periodicals, only if these publications, both on any means of physical support or electronically supplied, do not wholly or predominantly consist of music or video content.deleted
2017/04/05
Committee: ECON
Amendment 19 #

2016/0374(CNS)

Proposal for a directive
Recital 6
(6) Member States should maintain discretion to set VAT rates for publications and restrict the scope of reduced VAT rates.deleted
2017/04/05
Committee: ECON
Amendment 6 #

2016/0371(CNS)

Draft legislative resolution
Paragraph 1 a (new)
1 a. Recalls the exclusive competences of Member States in fiscal matters;
2017/06/28
Committee: ECON
Amendment 252 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 18 – point b
Directive 2013/36/EU
Article 98 – paragraph 5
5. The review and evaluation performed by competent authorities shall include the exposure of institutions to the interest rate risk arising from non-trading book activities. Supervisory measures shall be required at least in the case of institutions whose economic value of equity referred to in Article 84(1) declines by more than 15 20% of their Tier 1 capital as a result of a sudden and unexpected change in interest rates as set out in any of six supervisory shock scenarios applied to interest rates..
2018/02/02
Committee: ECON
Amendment 306 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 22
Directive 2013/36/EU
Article 104a – paragraph 6
6. EBA shall develop draft regulatory technical standards specifying how the risks and elements of risks referred to in paragraph 2 shall be measured. EBA shall ensure that the draft regulatory technical standards are proportionate in light of: (a) institutions and competent authorities; and (b) higher level of capital requirements that apply where institutions do not use internal models may justifydeleted the implementation burden on the imposition of lower capital requirements when assessing risks and elements of risks in accordance with paragraph 2. EBA shall submit those draft regulatory technical standards to the Commission by [one year after entry into force]. Power is conferred on the Commission to adopt the regulatory technical standards referred to in paragraph 6 in accordance with Articles 10-14 of Regulation (EU) No 1093/2010.sibility that the general
2018/02/02
Committee: ECON
Amendment 327 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 22
Directive 2013/36/EU
Article 104c – paragraph 1
1. Competent authorities shall consulinform the relevant resolution authorities prior to determining anyabout the additional own funds requirement referred to in Article 104(1)(a) and prior to communicating to institutionss imposed on institutions pursuant to article 104(1)(a) and about any expectation for the adjustments to the levels of own funds in accordance with Article 104b. For these purposes, competent authorities shall provide resolution authorities with all available informationcommunicated to institutions in accordance with article 104b.
2018/02/02
Committee: ECON
Amendment 395 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 32
Directive 2013/36/EU
Article 141a
(32) The following Article 141a is inserted: ‘ Article 141a Failure to meet the combined buffer requirement 1. as failing to meet the combined buffer requirement for the purposes of Article 141 where it does not have own funds and eligible liabilities in an amount and of the quality needed to meet at the same time the requirement defined in Article 128(6) and each of the following requirements in: (a) (EU) No 575/2013 and the requirement ideleted An institution shall be considered Article 92(1)(a) of Regulation Article 10492(1)(ab) of this Directive; (b) (EU) No 575/2013 and the requirement iRegulation Article 10492(1)(ac) of this Directive; (c) (EU) No 575/2013 and the requirement in Article 104(1)(a) of this Directive; (d) 575/2013 and in Articles 45c and 45d of Directive 2014/59/EU. 2. paragraph 1, an institution shall not be considered as failing to meet the combined buffer requirement for the purposes of Article 141 where all the following conditions are met: (a) buffer requirement defined in Article 128(6) and each of the requirements referred to in points (a), (b) and (c) of paragraph 1; (b) requirements referred to in point (d) of paragraph 1 is exclusively due to the inability of the institution to replace liabilities that no longer meet the eligibility or maturity criteria laid down in Articles 72b and 72c of Regulation (EU) No 575/2013; (c) the failure to meet the requirements referred to in point (d) of paragraph 1 does not last longer than 6 months.. ’Regulation Article 92a of Regulation (EU) No By way of derogation from the institution meets the combined the failure to meet the
2018/02/02
Committee: ECON
Amendment 409 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 32
Directive 2013/36/EU
Article 141a – paragraph 2 – introductory part
2. By way of derogation from paragraph 1,An institution that does not have own funds and eligible liabilities in an amount and of the quality needed to meet at the same time the requirement defined in Article 128(6) (b) and (c) and each of the requirements in Article 92a(1)(a) of Regulation (EU) No 575/2013 and institution shall not Articles 45c(3)(a), 45c(4)(a)and 45d(1)(b) of Directive 2014/59/EU when the potential additional requirement referred to in this Article is calculated in accordance with Articles 45c(3)(a)and 45c(4)(a) of Directive 2014/59/EU, but which meets each of the requirements of paragraph 1 above, shall be considered as failcing to meet the combined buffer requirement for the purposes of Article 141 wa substantive impediment to resolvability as mentioned in Article 17 (3) of Directive 2014/59/EU. It shall propose, as described in Article 17 (3) of Directive 2014/59/EU, possible measures to ensure compliance. The re all the following conditions are met: levant authorities shall examine these measures and consult with each other, and may make use of the powers referred to in Article45 (k) of Directive 2014/59/EU.
2018/02/02
Committee: ECON
Amendment 410 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 32
Directive 2013/36/EU
Article 141a – paragraph 2 – point a
(a) the institution meets the combined buffer requirement defined in Article 128(6) and each of the requirements referred to in points (a), (b) and (c) of paragraph 1;deleted
2018/02/02
Committee: ECON
Amendment 412 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 32
Directive 2013/36/EU
Article 141a – paragraph 2 – point b
(b) the failure to meet the requirements referred to in point (d) of paragraph 1 is exclusively due to the inability of the institution to replace liabilities that no longer meet the eligibility or maturity criteria laid down in Articles 72b and 72c of Regulation (EU) No 575/2013;deleted
2018/02/02
Committee: ECON
Amendment 417 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 32
Directive 2013/36/EU
Article 141a – paragraph 2 – point c
(c) the failure to meet the requirements referred to in point (d) of paragraph 1 does not last longer than 6 months..deleted
2018/02/02
Committee: ECON
Amendment 56 #

2016/0362(COD)

Proposal for a directive
Recital 14
(14) Institutions that are notmaterial subsidiaries of resolution entities should comply with the MREL at individual levelthe consolidated level of the relevant material sub-group. The overriding objective of requiring this MREL is to ensure there is confidence in the resolution strategy of the group, consistent with the Financial Stability Board’s (ʽFSBʼ) TLAC Standard, as set out under the FSB’s ‘Principles on Loss- absorbing and Recapitalization Capacity of G-SIBs in Resolution’, i.e. the TLAC Term Sheet. Loss absorption and recapitalisation needs of those institutions should be generally provided by their respective resolution entities through the acquisition by resolution entities of eligible liabilities issued by those institutions and their write-down or conversion into instruments of ownership at the point where those institutions are no longer viable. As such, the MREL applicable to institutions that are not resolution entities should be applied together and consistently with the requirements applicable to resolution entities. That should allow resolution authorities to resolve a resolution group without placing certain of its subsidiary entities in resolution, thus avoiding potentially disruptive effects on the market. Subject to the agreement of the resolution authorities of the resolution entity and of its subsidiary, it should be possible to replace the issuance of eligible liabilities to resolution entities with collateralised guarantees between the resolution entity and its subsidiaries, that can be triggered when the timing conditions equivalent to those allowing the write down or conversion of eligible liabilities are met. The resolution authorities of subsidiaries of a resolution entity should also be able to fully waive the application of the MREL applicable to institutions that are not resolution entities if both the resolution entity and its subsidiaries are established in the same Member State. The application of the MREL to institutions that are not resolution entities should comply with the chosen resolution strategy, in particular it should not change the ownership relationship between institutions and their resolution group after those institutions have been recapitalised.
2018/01/29
Committee: ECON
Amendment 66 #

2016/0362(COD)

Proposal for a directive
Recital 27 a (new)
(27 a) The inclusion, in contracts governed by third country law, of clauses that recognize bail-in of liabilities under the contract, may facilitate the resolution of an institution. However, an overly broad requirement for such clauses in contracts governed by third country law would be highly detrimental for European institutions as regards access to third country markets without improving the resolvability of these institutions. It is therefore of paramount importance to clarify that the contractual recognition clauses need not be included in contracts governed by third country law where this would be counterproductive, or would result in disproportionate and /or unreasonable burdens or effects for the institutions and their counterparties, or where it would be simply impractical. Contractual recognition clauses would mainly be apposite in contracts regarding payment liabilities specifically designated to absorb losses in resolution (MREL eligible liabilities) and in such other payment liabilities where the resolution authority considers that the possibility for bail-in is necessary to avoid a potential impediment to resolution. This would also be fully in line with the Financial Stability Board’s Principles for Cross-border Effectiveness of Resolution Action. Conversely, it is not relevant to include contractual recognition clauses in contracts that give rise to liabilities that, if bailed-in, would not contribute to the resolvability of the institution. Thus, the requirement for such clauses should not apply to contracts that only give rise to contingent liabilities. Moreover, the requirement for a contractual recognition clause would not be apposite for, e.g., liabilities governed by international standard terms, terms prescribed by the counterparty, or predetermined rules and regulations. Examples of such agreements include contracts regarding trade finance instruments such as guarantees or letters of credit, warranties (including tender and performance bonds and associated advance payment and retention guarantees), other guarantees that are based on non-negotiable terms prescribed by the counterparty or pursuant to predetermined international standards and practices, and agreements with third country market infrastructures. In all of these cases the institution will not be able to impose contractual recognition clauses on the counterparty. In addition, it may in many cases be unduly burdensome for institutions to include contractual recognition clauses in contracts with third country counterparties, for example small and medium sized enterprises or public entities in third countries. If the contract with a third country counterparty gives rise to liabilities that would not contribute to the resolvability of the institution, it would also be disproportionate to require contractual recognition clauses.
2018/01/29
Committee: ECON
Amendment 72 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 3 a (new)
Directive 2014/59/EU
Article 2 – paragraph 1 – point 82 a (new)
3 a. In Article 2(1) the following point is added: "(82a) ‘Material subsidiary’ means a subsidiary as set out under point 134 of Article 4(1) of Regulation (EU) No 575/2013."
2018/01/29
Committee: ECON
Amendment 73 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 4
Directive 2014/59/EU
Article 2 – paragraph 1 – point 83b
(83b) 'resolution group' means: (a) a resolution entity and its subsidiaries that are not: (i) resolution entities themselves and that are not subsidiaries of another resolution entity;, (ii) subsidiaries of other resolution entities, or (iii) entities established in a third country that are not included in the resolution group in accordance with the resolution plan and their subsidiaries; (b) credit institutions affiliated to a central body, the central body and any institution under the control of the central body when at least one of those entities is a resolution entity. When the resolution entity of the resolution group is the central body of a network or a cooperative group, the credit institutions permanently affiliated to this central body are also part of the resolution group.
2018/01/29
Committee: ECON
Amendment 208 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 2 – subparagraph 1 – introductory part
By way of derogation from point (l) of Article 72a(2) of Regulation (EU) No 575/2013, lLiabilities that arise from debt instruments with embedded derivative features, such as structured notes and principal protected certificates, shall be inexcluded in the amount of own funds and eligible liabilities ounly whereess all of the following conditions are met:
2018/01/31
Committee: ECON
Amendment 210 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 2 – subparagraph 1 – point a
(a) a given amount of the liability arising from the debt instrumentthe principal of the debt instrument is protected in whole or in part, such protection not being affected by any embedded derivative, and the amount protected is known in advance at the timdate of issuance, is fixed and not affected by a derivative feature; for all future periods up to maturity, and is a fixed, or increasing, amount.
2018/01/31
Committee: ECON
Amendment 213 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 2 – subparagraph 1 – point b
(b) the debt instrument, including its embedded derivative feature, is not subject to any netting agreement and its valuation is not subject to Article 49(3);
2018/01/31
Committee: ECON
Amendment 217 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45b – paragraph 2 – subparagraph 2
The liabilities referred to in the first subparagraph shall only be included in the amount of own funds and eligible liabilities for the part that corresponds with the amount referred to in point (a) of the first subparagraph, as this amount does not contain any embedded derivative.
2018/01/31
Committee: ECON
Amendment 241 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 1 – point b
(b) the need to ensure, in appropriate cases, that the resolution entity and its material subsidiaries that are institutions, but not resolution entities have sufficient eligible liabilities to ensure that, if the bail- in tool or write down and conversion powers were to be applied to them, respectively, losses could be absorbed and the total capital ratio and the leverage ratio in the form of Common Equity Tier 1, of the relevant entities can be restored to a level necessary to enable them to continue to comply with the conditions for authorisation and to carry on the activities for which they are authorised under Directive 2013/36/EU or Directive 2014/65/EU, in accordance with the group resolution plan;
2018/01/31
Committee: ECON
Amendment 245 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 1 – point d a (new)
(d a) the need to ensure that the level of the requirement referred to in Article 45(1) is proportionate to the specificities of the business and funding models, taking into account: (i) the prevalence of deposits in the funding structure; (ii) the reduced experience in issuing debt instruments due to the limited access to cross-border and wholesale capital markets; (iii) the limited recourse to debt instruments in light of the funding structure; (iv) the fact that the institution relies primarily on CET1 and capital instruments to meet the requirement referred to in Article 45(1).
2018/01/31
Committee: ECON
Amendment 257 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 2 – subparagraph 1 – point b
(b) the entity or its material subsidiaries that are institutions, but not resolution entities are recapitalised to a level necessary to enable them to continue to comply with the conditions for authorisation and to carry out the activities for which they are authorised under Directive 2013/36/EU, Directive 2014/65/EU or equivalent legislation ('recapitalisation');
2018/01/31
Committee: ECON
Amendment 309 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – introductory part
4. Without prejudice to the last subparagraph, for entitmaterial subsidiaries that are not themselves resolution entities, the amount referred to in paragraph 2 shall not exceed the greater of any of the following:
2018/01/31
Committee: ECON
Amendment 324 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point a – point ii
(ii) a recapitalisation amount that allows the entitmaterial subsidiary to restore its total capital ratio referred in Article 92(1)(c) of Regulation (EU) No 575/2013 and its requirement referred to in Article 104a of Directive 2013/36/EU;
2018/01/31
Committee: ECON
Amendment 329 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 1 – point b – point ii
(ii) a recapitalisation amount that allows the entitmaterial subsidiary to restore its leverage ratio referred to in the Article 92(1)(d) of Regulation (EU) No 575/2013 ;
2018/01/31
Committee: ECON
Amendment 339 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 4 – subparagraph 4
The resolution authority shall set the recapitalisation amounts referred to the previous subparagraphs in accordance with the resolution actions foreseen in the resolution plan and may adjust those recapitalisation amounts to adequately reflect risks that affect the recapitalisation needs arising from the entity's business model, funding profile and overall risk profile of the material subsidiary.
2018/01/31
Committee: ECON
Amendment 391 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 1 – subparagraph 1 – introductory part
TAfter consulting the resolution authority may give guidance to an entity to hav, institutions shall establish an adequate level of guidance own funds and eligible liabilities that fulfil the conditions of Article 45b(1) or 45g(3) in excess ofwhich is sufficiently above the levels set out in Article 45c and Article 45d that provides for additional amounts for the following purposesin order:
2018/01/31
Committee: ECON
Amendment 397 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 1
The amount of the guidance given in accordance with point (a) of paragraph 1 may be set only where the competent authority has already set its own guidanceguidance is already set in accordance with Article 104b of Directive 2013/36/EU and shall not exceed the level of that guidance.
2018/01/31
Committee: ECON
Amendment 401 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 2
The amount of the guidance given in accordance with point (b) of paragraph 1 shall not exceed the amount of the combined buffer requirement referred to in point (6) of Article 128 of Directive 2013/36/EU, except for the requirement referred to in point (a) and (d) of that provision, unless a higher level is necessary to ensure that, following the event of resolution, the entity continues to meet the conditions for its authorisation for an appropriate period of time that is not longer than one year.
2018/01/31
Committee: ECON
Amendment 405 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
The resolution authority shall provide to the entity the reasons and a full assessment for the need and the level of the guidance given in accordance with this Article.deleted
2018/01/31
Committee: ECON
Amendment 417 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 1 – subparagraph 1
Institutions that are material subsidiaries of a resolution entity and are not resolution entities themselves shall comply with the requirements laid down in Articles 45c to 45e on an individuala consolidated material sub-group basis. A resolution authority may, after having consulted the competent authority, decide to apply the requirement laid down in this Article to an entity referred to in points (b), (c) or (d) of Article 1(1) that is a material subsidiary of a resolution entity and is not a resolution entity itself.
2018/01/31
Committee: ECON
Amendment 423 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 2 – point b
(b) the sum of all requirements to be applied to the resolution group's material subsidiaries shall be covered by and not exceed the consolidated requirement referred to in Article 45f unless this is only due to the effects of the consolidation at the level of the resolution group in accordance with Article 45f(1).
2018/01/31
Committee: ECON
Amendment 425 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 2 – point c
(c) the requirement shall not exceed the contribution of the material subsidiary to the consolidated requirement referred to in Article 45f(1).
2018/01/31
Committee: ECON
Amendment 426 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 2 – point d
(d) subject to paragraph 4, it shall fulfil the eligibility criteria provided in paragraph 3.
2018/01/31
Committee: ECON
Amendment 428 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
(d a) the requirement shall not exceed 75% of the requirement calculated in accordance with Article 45c.
2018/01/31
Committee: ECON
Amendment 443 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – introductory part
4. Subject to the agreement of the resolution authorities of the material subsidiary and the resolution entity, the requirement may be met with athrough alternative means. This may include but is not restricted to the use of guarantee ofs from the resolution entity granted to its subsidiary, which fulfils the following conditions:relevant material subsidiaries.
2018/01/31
Committee: ECON
Amendment 444 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point a
(a) the guarantee is provided for at least the equivalent amount as the amount of the requirement for which it substitutes;deleted
2018/01/31
Committee: ECON
Amendment 445 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point b
(b) the guarantee is triggered when the subsidiary is unable to pay its debts or other liabilities as they fall due or a determination has been made in accordance with Article 59(3) in respect of the subsidiary, whichever is the earliest;deleted
2018/01/31
Committee: ECON
Amendment 446 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point c
(c) the guarantee is collateralised through a financial collateral arrangement as defined in point (a) of Article 2(1) of Directive 2002/47/EC for at least 50 per cent of its amount;deleted
2018/01/31
Committee: ECON
Amendment 448 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point d
(d) the guarantee and financial collateral arrangement are governed by the laws of the Member State where the subsidiary is established unless specified otherwise by the resolution authority of the subsidiary;deleted
2018/01/31
Committee: ECON
Amendment 449 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point e
(e) the collateral backing the guarantee fulfils the requirements of Article 197 of Regulation (EU) No 575/2013, which, following appropriately conservative haircuts, is sufficient to fully cover the amount guarantedeleted;
2018/01/31
Committee: ECON
Amendment 450 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point f
(f) the collateral backing the guarantee is unencumbered and in particular is not used as collateral to back any other guarantee;deleted
2018/01/31
Committee: ECON
Amendment 451 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point g
(g) the collateral has an effective maturity that fulfils the same maturity condition as that for referred to in Article 72c(1) of Regulation (EU) No 575/2013 , andeleted
2018/01/31
Committee: ECON
Amendment 452 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 4 – point h
(h) there are no legal, regulatory or operational barriers to the transfer of the collateral from the resolution entity to the relevant subsidiary, including when resolution action is taken in respect of the resolution entity.deleted
2018/01/31
Committee: ECON
Amendment 455 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – introductory part
5. The resolution authority of a subsidiary that is not a resolution entity mayshall fully waive the application of this Article to that subsidiary where:
2018/01/31
Committee: ECON
Amendment 460 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – point a
(a) both the subsidiary and the resolution entity are subject to authorisation and supervision by the same Member Statecompetent authority;
2018/01/31
Committee: ECON
Amendment 465 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – point d
(d) the resolution entity satisfies the competent authority regarding the prudent management of the subsidiary and has declared, with the consent of the competent authority, that it guarantees the commitments entered into by the subsidiary, or the risks in the subsidiary are of no significance;deleted
2018/01/31
Committee: ECON
Amendment 472 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 – point g
(g) the competent authority of the subsidiary has fully waived the application of individual capital requirements to the subsidiary under Article 7(1) of Regulation (EU) No 575/2013.deleted
2018/01/31
Committee: ECON
Amendment 477 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 a (new)
5a. By way of derogation from paragraph 5, the resolution authority may not fully waive the application of this Article for a subsidiary of a resolution entity (or EU Parent Undertaking in the case of non-EU GSIIs) in exceptional circumstances where such a requirement is necessary for the resolution strategy. The resolution authority’s decision shall contain the reasons for that decision.
2018/01/31
Committee: ECON
Amendment 481 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g– paragraph 5 b (new)
5b. The resolution authority shall, in accordance with national law, waive the application of Article 45f or of paragraphs 1 to 5 of this Article to one or more credit institutions permanently affiliated to a central body, where all the following conditions are met: (a) the credit institutions and the central body are subject to supervision by the same competent authority and are established in the same Member State; (b) the commitments of the central body and affiliated institutions are joint and several liabilities or the commitments of its affiliated institutions are entirely guaranteed by the central body; (c) the minimum requirement for own funds and eligible liabilities, solvency and liquidity ofthe central body and of all the affiliated institutions are monitored as awhole on the basis of consolidated accounts of these institutions; (d) the management of the central body is empowered to issue instructions to the management of the affiliated institutions; and, (e) the relevant resolution group complies with the requirement referred to in Article 45f(3).
2018/01/31
Committee: ECON
Amendment 482 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45g – paragraph 5 c (new)
5c. The EBA shall, by 1 July 2020, publish a report evaluating the implementation of internal MREL requirements. The report shall include, but not be limited to, an assessment of the impacts of internal MREL requirements on firms, and recommendations to amend the internal MREL framework in light of progress in resolution planning and cross- border cooperation; and to reflect developments in the Banking Union, or at the international level. This report shall be submitted to the Commission by the deadline provided. Thereafter the Commission shall review whether there is a need to amend any relevant legislation in light of the EBA’s findings and report thereon to the European Parliament and to the Council. If appropriate, that report shall be accompanied by a legislative proposal.
2018/01/31
Committee: ECON
Amendment 509 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 24
Directive 2014/59/EU
Article 55 – paragraph 1 – point a
(a) the liability is not excluded under Article 44(2); is an eligible liability as referred to in Article 45b or any other category of liability which is material for the purpose of effective loss-absorption and recapitalisation;
2018/02/01
Committee: ECON
Amendment 62 #

2016/0361(COD)

Proposal for a regulation
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 d – paragraph 1 – point d a (new)
(da) The need to ensure that the level of the requirement referred to in Article 12a(1) is proportionate to the specificities of the business and funding models, taking into account: (i) the prevalence of deposits in the funding structure; (ii) the reduced experience in issuing debt instruments due to the limited access to cross-border and wholesale capital markets; (iii) the limited recourse to debt instruments in light of the funding structure; (iv) the fact that the institution relies primarily on CET1 and capital instruments to meet the requirement referred to in Article 45(1).
2018/02/01
Committee: ECON
Amendment 150 #

2016/0361(COD)

Proposal for a regulation
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 i – paragraph 1 – introductory part
The Board mayshall fully waive the application of Article 12h for a subsidiary of a resolution entity established in a participating Member State where:
2018/02/01
Committee: ECON
Amendment 153 #

2016/0361(COD)

Proposal for a regulation
Article 1 – paragraph 5
Regulation (EU) No 806/2014
Article 12 i – paragraph 1 – point a
(a) both the subsidiary and the resolution entity are established the samein a participating Member State;
2018/02/01
Committee: ECON
Amendment 59 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7 (new)
Regulation (EU) No 575/2013
Article 11 – paragraph 6 a (new)
6a. By way of derogation to paragraph 1 and 2, the consolidating supervisor may allow that institutions comply, to the extent and in the manner prescribed in Article 18, with the obligations laid down in Parts Two to Four and Parts Six to Eight of this Regulation and in Title VII of Directive 2013/36/EU on a different consolidated basis. Specifically, on a case- by-case basis, the consolidating supervisor may not consider the parent financial holding company or the parent mixed financial holding company as parent institution for the group, provided the following conditions are met: a) The articles of association of the parent financial holding company or the parent mixed financial holding company explicates that the parent financial holding company or the parent mixed financial holding cannot undertake management and coordination functions of their subsidiaries b) The parent financial holding company or the parent mixed financial holding company does not have any other significant investment than the institution or credit institution set forth in the following subparagraph c) There is a direct subsidiary in the same Member State of the parent financial holding company or the parent mixed financial holding company that: i. is not controlled by any credit institution or investment firm ii. undertakes management and coordination functions of the group Should the consolidating supervisor not consider the parent financial holding company or the parent mixed financial holding company as parent institution for the group, the EU institution referred to subparagraph (c) shall be identified as the parent institution of the group.
2017/06/23
Committee: ECON
Amendment 60 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 575/2013
Article 18 – paragraph 4
4. The consolidating supervisor shall require the proportional consolidation according to the share of capital held of participations in institutions and financial institutions managed by an undertaking included in the consolidation or by the parent institutions, financial holding companies and mixed financial holdings together with one or more undertakings not included in the consolidation, where the liability of those undertakings is limited to the share of the capital they hold.
2017/06/23
Committee: ECON
Amendment 61 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27 (new)
Regulation (EU) No 575/2013
Article 72a – paragraph 1 – point b a (new)
(ba) Minority interests related to Common Equity Tier 1, Additional Tier 1 and Tier 2 items not included in consolidated own funds.
2017/06/23
Committee: ECON
Amendment 62 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 48
Regulation (EU) No 575/2013
Article 104 – paragraph 2 – point e
(e) financial assets or liabilities measured at fair valueheld as accounting trading assets or liabilities;
2017/06/23
Committee: ECON
Amendment 63 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 57 a (new)
Regulation (EU) No 575/2013
Article 155a (new)
(57a) The following Article 155a is inserted: “Article 155a 1.The risk-weighted exposure amount for investments in private equity in the form of units or shares in a Collective Investment Undertakings as resulting from art 128, 132, 152 and 155 complying with point 2 below, shall be adjusted, in accordance with the following formulae: Adjusted risk-weighted exposure amount = RW exposure value * 0,85 2.For the purpose of this Article, the exposures to private equity investments will comply with both the following criteria: (a) investments done in not listed with a turnover up to 150 million euros; this requirement will have to be specified in the fund’s rules; (b) each investment transaction can’t exceed 150 million euros; this target amount will have to be specified in the fund’s rules. 3.The Commission shall, by (three years after the entry into force) report on the impact of the requirement laid down in this Regulation on private equity investments and shall submit that report to the European Parliament and to the Council, together with a legislative proposal, if appropriate.”
2017/06/23
Committee: ECON
Amendment 64 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 83
Regulation (EU) No 575/2013
Article 325a – paragraph 1
1. An institution may calculate the own funds requirements for market risks with the approach referred to in point (c) of Article 325(1) provided that the size of the institution’s on- and off-balance sheet business subject to market risks is equal to or less than the higher of the following thresholds on the basis of an assessment carried out on a monthly basis:
2017/06/23
Committee: ECON
Amendment 65 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428f – paragraph 2 – subparagraph 1
2. Assets and liabilities directly linked to the following products or services shall be considered to meet the conditions of paragraph 1 and be considered as interdependent t both the individual and consolidated levels:
2017/06/23
Committee: ECON
Amendment 66 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428f – paragraph 2 – point c
(c) covered bonds as referred to in Article 52(4) of Directive 2009/65/EC; or that meet the eligibility requirements for the treatment set out in Article 129(4) or (5), and (7) of the Regulation (EU) No 575/2013;
2017/06/23
Committee: ECON
Amendment 67 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428h – paragraph 1 – subparagraph 1
1. By way of derogation from Article 428g and from Chapters 3 and 4 of this Title, competent authorities may on a case- by-case basisshall authorise institutions to apply a higher available stable funding factor or a lower required stable funding factor to assets, liabilities and committed credit or liquidity facilities where all of the following conditions are fulfilled:
2017/06/23
Committee: ECON
Amendment 68 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428h – paragraph 1 – point a – point va (new)
(va) the counterparty is located within the same Member State or in a different Member Statexxx
2017/06/23
Committee: ECON
Amendment 69 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 Regulation (EU) No 575/2013
(b) there are reasons to expect that the liability or committed credit or liquidity facility received constitutes a more stable source of funding or that the asset or committed credit or liquidity facility granted requires less stable funding within the one-year horizon of the net stable funding ratio than the same liability, asset or committed credit or liquidity facility with other counterparties;deleted
2017/06/23
Committee: ECON
Amendment 70 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428h – paragraph 2
2. Where the institution and the counterparty are established in different Member States, competent authorities may waive the condition set out in point (d) of paragraph 1 where, in addition to the criteria set out in paragraph 1, the following criteria are fulfilled: (a) there are legally binding agreements and commitments between group entities regarding the liability, asset or committed credit or liquidity facility; (b) the funding provider presents a low funding risk profile; (c) the funding risk profile of the funding receiver has been adequately taken into account in the liquidity risk management of the funding provider. The competent authorities shall consult each other in accordance with point (b) of Article 20(1) to determine whether the additional criteria set out in this paragraph are met.deleted
2017/06/23
Committee: ECON
Amendment 71 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428q – paragraph 1 a (new)
1a. The residual maturity of assets with an undefined contractual end date is the date at which the contract allows the credit institution to withdraw or to request payment.
2017/06/23
Committee: ECON
Amendment 72 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428q – paragraph 1 b (new)
1b. Securities contractually hedging a derivative have the maturity of the derivative;
2017/06/23
Committee: ECON
Amendment 73 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428q – paragraph 5 a (new)
5a. When calculating the residual maturity of an asset with an early termination where the option to withdraw the money is exercisable at the discretion of both parts, the institution shall consider the asset at the maturity of the date in which the option can be exercised.
2017/06/23
Committee: ECON
Amendment 74 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428r – paragraph 1 – point aa (new)
(aa) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3), where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation , and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies; (ab) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3) with regulated financial customers, where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;
2017/06/23
Committee: ECON
Amendment 75 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428s – point b
(b) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3) with financial customers, where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation , and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;deleted
2017/06/23
Committee: ECON
Amendment 76 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428s – point d
(d) all trade finance off-balance sheet related products as referred to in Article 111(1) of this Regulation with a residual maturity of less than six months.
2017/06/23
Committee: ECON
Amendment 77 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428u – paragraph 1 – point d
(d) trade finance off-balance sheet related products as referred to in Article 111(1) with a residual maturity of minimum six months and less than one year.deleted
2017/06/23
Committee: ECON
Amendment 78 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428w – point b
(b) trade finance off-balance sheet related products as referred to in Article 111(1)with a residual maturity of one year or more.deleted
2017/06/23
Committee: ECON
Amendment 79 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428x – paragraph 3 a (new)
3a. trade finance on-balance sheet related products with a residual maturity of minimum six months and less than one year;
2017/06/23
Committee: ECON
Amendment 80 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428ac – point e
(e) trade finance on-balance sheet related products with a residual maturity of minimum six months and less than one year;deleted
2017/06/23
Committee: ECON
Amendment 81 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428ac – point g a (new)
(ga) those assets referred in Article 428af that have been purchased with the intent of being sold within one year;
2017/06/23
Committee: ECON
Amendment 82 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428ae – point b a (new)
(ba) any assets other than those referred to in Articles 428r to 428af, including loans to financial customers having a residual contractual maturity of one year or more when collateralized by Level 1 high quality liquid assets in accordance with Article 10 of Delegated Regulation (EU) 2015/61.
2017/06/23
Committee: ECON
Amendment 83 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428af – point f
(f) unencumbered exchange-traded equities that are not eligible as Level 2B assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 unless they have been purchased with the intent of being sold within one year;
2017/06/23
Committee: ECON
Amendment 84 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428af – point g
(g) physical traded commodities, including gold but excluding commodity derivatives, unless they have been purchased with the intent of being sold within one year.
2017/06/23
Committee: ECON
Amendment 85 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428af – point g a (new)
(ga) any assets other than those referred to in Articles 428r to 428af, including loans to financial customers having a residual contractual maturity of one year or more when collateralized by Level 2 liquid assets in accordance with Article 10 of Delegated Regulation (EU) 2015/6.
2017/06/23
Committee: ECON
Amendment 92 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 1
1. Until [date of application of this Article + 5 years]31 December 2022 institutions that prepare their accounts in conformity with the international accounting standards adopted in accordance with the procedure laid down in Article 6(2) of Regulation (EC) No 1606/2002 may add to their Common Equity Tier 1 capital the amount calculated in accordance with paragraph 2 of this Article multiplied by the applicable factor laid down in paragraph 3.
2017/06/23
Committee: ECON
Amendment 106 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 119
(a) 1 in the period from [date of application of this Article] to [ date of application of this Article + 1 year - 1 day]1 January 2018 to 31 December 2018;
2017/06/23
Committee: ECON
Amendment 114 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point b
(b) 0,81 in the period from [date of application of this Article + 1 year] to [date of application of this Article + 2 years - 1 day]1 January 2019 to 31 December 2019;
2017/06/23
Committee: ECON
Amendment 125 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point c
(c) 0,68 in the period from [date of application of this Article +2 years] to [date of application of this Article +3 years - 1 day]1 January 2020 to 31 December 2020;
2017/06/23
Committee: ECON
Amendment 138 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point d
(d) 0,46 in the period from [date of application of this Article +3 years] to [date of application of this Article +4 years - 1 day]1 January 2021 to 31 December 2021;
2017/06/23
Committee: ECON
Amendment 153 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 119
Regulation (EU) No 575/2013
Article 473a – paragraph 3 – point e
(e) 0,24 in the period from [date of application of this Article +4 years] to [date of application of this Article +5 years - 1 day].1 January 2022 to 31 December 2022;
2017/06/23
Committee: ECON
Amendment 164 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4 – point a
(a) 1200% of the institution’s Tier 1 capital until 31 December 2018;
2017/06/23
Committee: ECON
Amendment 167 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
(b) 75150% of the institution’s Tier 1 capital until 31 December 2019;
2017/06/23
Committee: ECON
Amendment 169 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point b
Regulation (EU) No 575/2013
Article 493 – paragraph 4 – point c
(c) 5100% of the institution’s Tier 1 capital until 31 December 2020.
2017/06/23
Committee: ECON
Amendment 174 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point b
(b) the exposure is to an entity or – under specific conditions – to an affiliated holding company which was created specifically to finance or operate physical structures or facilities, systems and networks that provide or support essential public services; the entity can be an affiliated holding company structure if the sources, use and purpose of the loan is adequately fixed by contractual obligations and the cash-flows for repayment are adequately separated and controlled.
2017/06/23
Committee: ECON
Amendment 175 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point c
(c) the primary source of repayment of the obligation is the income generated by or associated with the assets being financed (i.e. including concession based business), rather than the independent capacity of a broader commercial enterprise;
2017/06/23
Committee: ECON
Amendment 176 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point d
(d) the obligor can meet its financial obligations even under severely stressed conditscenarions that are relevant for the risk of the project;
2017/06/23
Committee: ECON
Amendment 177 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point g – point i
(i) where the revenues of the obligor are not funded by payments from a large number of users, the revenues are covered by law or the contractual arrangements shall include provisions that effectively protect lenders against losses resulting from the termination of the project by the party which agrees to purchase the goods or services provided by the obligor;
2017/06/23
Committee: ECON
Amendment 178 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point g – point ii
(ii) the obligor has sufficient reserve funds fully funded in cash or other financial arrangements with highadequately rated guarantors to cover the contingency funding and working capital requirements cover lifetimeing a substantial tenor of the financing of the assets referred to in point b) of this paragraph. The guarantor should have an ECAI rating with a credit quality step of at least 3, or a corresponding internal rating, at the time of the financing. A credit quality step of 4 should be allowed when tariffs are fixed by law;
2017/06/23
Committee: ECON
Amendment 179 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point g – point iii
(iii) the lenders have a substantial degree of control over the assets and the income generated by the obligor to be ensured by adequate contractual covenants;
2017/06/23
Committee: ECON
Amendment 180 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501a – paragraph 1 – point g – point v
(v) equity is pledged to lenders such that they are ableor other measures (e.g. step-in rights) are agreed in order to ensure ability to take control of the entity upon default;
2017/06/23
Committee: ECON
Amendment 181 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 128 – introductory part
Regulation (EU) No 575/2013
Article 507
(128) Article 507 is replaced by the following:deleted.
2017/06/23
Committee: ECON
Amendment 182 #

2016/0360B(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 128
Regulation (EU) No 575/2013
Article 507
The EBA shall monitor the use of exemptions set out in Article 390 (6) and Article 400 (1) and Article 400(2) and by [one year after entry into force of the amending Regulation] submit a report to the Commission assessing the quantitative impact that the removal of those exemptions or the setting of a limit on their use would have. The report shall assess, in particular, for each exemption provided for in those Articles: (a) the number of large exposures exempted in each Member State; (b) the number of institutions that make use of the exemption in each Member State; (c) the aggregate amount of exposures exempted in each Member State.;deleted
2017/06/23
Committee: ECON
Amendment 184 #

2016/0360B(COD)

Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1 – point b a (new) Regulation (EU) No 575/2013
(ba) the provisions in point (126) concerning amendments to Article 501 to include an adjustment to SME exposures, which shall apply from the date of entry into force of this Regulation.
2017/06/23
Committee: ECON
Amendment 185 #

2016/0360B(COD)

Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1 – point b b (new) Regulation (EU) No 575/2013
(bb) the provisions on the introduction of an adjustment to capital requirements for credit risk for exposures to entities that operate or finance physical structures or facilities, systems and networks that provide or support essential public services pursuant to Article 501a, which shall apply from the date of entry into force of this Regulation.
2017/06/23
Committee: ECON
Amendment 303 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 11 – paragraph 2 a (new)
2 a. By way of derogation to paragraph 1 and 2, the consolidating supervisor may allow that institutions comply, to the extent and in the manner prescribed in Article 18, with the obligations laid down in Parts Two to Four and Parts Six to Eight of this Regulation and in Title VII of Directive 2013/36/EU on a different consolidated basis. Specifically, on a case- by-case basis, the consolidating supervisor may not consider the parent financial holding company or the parent mixed financial holding company as parent institution for the group, provided the following conditions are met: a) The articles of association of the parent financial holding company or the parent mixed financial holding company explicates that the parent financial holding company or the parent mixed financial holding cannot undertake management and coordination functions of their subsidiaries b) The parent financial holding company or the parent mixed financial holding company does not have any other significant investment than the institution or credit institution set forth in the following subparagraph c) There is a direct subsidiary in the same Member State of the parent financial holding company or the parent mixed financial holding company that: i. is not controlled by any credit institution or investment firm ii. undertakes management and coordination functions of the group Should the consolidating supervisor does not consider the parent financial holding company or the parent mixed financial holding company as parent institution for the group, the EU institution referred to subparagraph (c) shall be identified as the parent institution of the group.
2018/02/02
Committee: ECON
Amendment 311 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10
Regulation (EU) No 575/2013
Article 18 – paragraph 4
4. The consolidating supervisor shall require the proportional consolidation according to the share of capital held of participations in institutions and financial institutions managed by an undertaking included in the consolidation or by the parent institutions, financial holding companies and mixed financial holding companies together with one or more undertakings not included in the consolidation, where the liability of those undertakings is limited to the share of the capital they hold.
2018/02/02
Committee: ECON
Amendment 341 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point c a (new)
Regulation (EU) No 575/2013
Article 52 – paragraph 1
(ca) In Article 52, paragraph 1, the following subparagraph 2 a is added: By way of derogation from Article 52(1), conditions (p), (q) and (r) shall not be applicable to instruments issued prior to [date of application of the Regulation amending CRR]. Such instruments shall qualify as Additional Tier 1 Capital until the maturity date.
2018/02/02
Committee: ECON
Amendment 351 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point d a (new)
Regulation (EU) No 575/2013
Article 63 – subparagraph 1 a (new)
(da) In Article 63, the following new subparagraph 1 a is added: "By way of derogation from paragraph 1, conditions (n), (o) and (p) shall not apply to instruments issued prior to [date of application of this Regulation]. Such items shall qualify as Tier 2 instruments until the maturity date."
2018/02/02
Committee: ECON
Amendment 353 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72a – paragraph 1 – point ba (new)
(ba) Minority interests related to Common Equity Tier 1, Additional Tier 1 and Tier 2 items not included in consolidated own funds.
2018/02/02
Committee: ECON
Amendment 365 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point h
(h) the provisions governing the liabilities do not include any incentive for their principal amount to be called, redeemed, repurchased prior to their maturity or repaid early by the institution, as applicable;deleted
2018/02/02
Committee: ECON
Amendment 370 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point j
(j) where the liabilities include one or more call options or early repayment options, as applicable, the options are exercisable at the sole discretion of the issuer;deleted
2018/02/02
Committee: ECON
Amendment 373 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point k
(k) the liabilities may only be called, redeemed, repurchased or repaid early where the conditions laid down in Articles 77 and 78 are met;deleted
2018/02/02
Committee: ECON
Amendment 378 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
(l) the provisions governing the liabilities do not indicate explicitly or implicitly that the liabilities would or might be called, redeemed, repurchased or repaid early, as applicable by the resolution entity other than in case of the insolvency or liquidation of the institution and the institution does not otherwise provide such an indication;deleted
2018/02/02
Committee: ECON
Amendment 380 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72b – paragraph 2 – point m
(m) the provisions governing the liabilities do not give the holder the right to accelerate the future scheduled payment of interest or principal, other than in case of the insolvency or liquidation of the resolution entity;deleted
2018/02/02
Committee: ECON
Amendment 387 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72b – paragraph 2 – subparagraph 1 a (new)
By way of derogation from this paragraph and Articles 72b (3)(a) and 72(b) (4)(b) below, instruments issued by entities referred to in points (a), (b), (c) and (d) of Article 1 (1) of Directive 2014/59/EU prior to [date of application of the Regulation amending CRR] shall qualify as eligible liabilities instruments where they at least meet the conditions laid down in points (a), (b), (c), (d)and (e) provided that they do not need to meet point (d) for the purpose of Article 45b of Directive 2014/59/EU. Such instruments shall qualify as eligible until 5 years from the issuing date.
2018/02/02
Committee: ECON
Amendment 415 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 32
Regulation (EU) No 575/2013
Article 77 – heading
Article 77 Conditions for reducing own funds and eligible liabilities
2018/02/05
Committee: ECON
Amendment 417 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 32
Regulation (EU) No 575/2013
Article 77 – point b
(b) effect the call, redemption, (b) repayment or repurchase of Additional Tier 1, Tier 2 or eligible liabilities instruments as applicable, prior to the date of their contractual maturity..
2018/02/05
Committee: ECON
Amendment 427 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 33
Regulation (EU) No 575/2013
Article 78 – paragraph 1 – introductory part
The competent authority shall grant permission for an institution to reduce, repurchase, call or redeem Common Equity Tier 1, Additional Tier 1, Tier 2 or eligible liabilities instruments where either of the following conditions is met:
2018/02/05
Committee: ECON
Amendment 430 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 33
Regulation (EU) No 575/2013
Article 78 – paragraph 1 – point a
(a) earlier than or at the same time as the action referred to in Article 77, the institution replaces the instruments referred to in Article 77 with own funds or eligible liabilities instruments of equal or higher quality at terms that are sustainable for the income capacity of the institution;
2018/02/05
Committee: ECON
Amendment 439 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 33
Regulation (EU) No 575/2013
Article 78 – paragraph 1 – subparagraph 3
Where an institution provides sufficient safeguards as to its capacity to operate with own funds above the amount of the requirements laid down in this Regulation, in Directive 2013/36/EU and in Directive 2014/59/EU, the resolution authority, after consulting the competent authority, may grant a general prior permission to that institution to effect calls, redemptions, repayments or repurchases of eligible liabilities instruments, subject to criteria that ensure that any such future actions will be in accordance with the conditions laid down in points (a) and (b) of this paragraph. This general prior permission shall be granted only for a certain time period, which shall not exceed one year, after which it may be renewed. The general prior permission shall only be granted for a certain predetermined amount, which shall be set by the resolution authority. Resolution authorities shall inform the competent authorities about any general prior permission granted.deleted
2018/02/05
Committee: ECON
Amendment 440 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 33
Regulation (EU) No 575/2013
Article 78 – paragraph 1 – subparagraph 4
Where an institution provides sufficient safeguards as to its capacity to operate with own funds above the amount of the requirements laid down in this Regulation, in Directive 2013/36/EU and in Directive 2014/59/EU, the competent authority, after consulting the resolution authority, may grant that institution a general prior permission to that institution to effect calls, redemptions, repayments or repurchases of eligible liabilities instruments, subject to criteria that ensure that any such future actions will be in accordance with the conditions laid down in points (a) and (b) of this paragraph. This general prior permission shall be granted only for a certain time period, which shall not exceed one year, after which it may be renewed. The general prior permission shall be granted for a certain predetermined amount, which shall be set by the competent authority. In case of Common Equity Tier 1 instruments, that predetermined amount shall not exceed 3% of the relevant issue and shall not exceed 10 % of the amount by which Common Equity Tier 1 capital exceeds the sum of the Common Equity Tier 1 capital requirements laid down in this Regulation, in Directive 2013/36/EU and in Directive 2014/59/EU by a margin that the competent authority considers necessary. In case of Additional Tier 1 instruments or Tier 2 instruments, that predetermined amount shall not exceed 10% of the relevant issue and shall not exceed 3 % of the total amount of outstanding Additional Tier 1 instruments or Tier 2 instruments, as applicable. In case of eligible liabilities instruments, the predetermined amount shall be set by the by the resolution authority after it has consulted the competent authority.deleted
2018/02/05
Committee: ECON
Amendment 443 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 33
Regulation (EU) No 575/2013
Article 78 – paragraph 1 – subparagraph 5
Competent authorities shall withdraw the general prior permission where an institution breaches any of the criteria provided for the purposes of that permission.deleted
2018/02/05
Committee: ECON
Amendment 447 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 35 – point a
Regulation (EU) No 575/2013
Article 80 – title
Continuing review of the quality of own funds and eligible liabilities;
2018/02/05
Committee: ECON
Amendment 448 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 35 – point b
Regulation (EU) No 575/2013
Article 80 – paragraph 1 – subparagraph 1
EBA shall monitor the quality of own funds and eligible liabilities instruments issued by institutions across the Union and shall notify the Commission immediately where there is significant evidence that those instruments do not meet the respective eligibility criteria set out in this Regulation.
2018/02/05
Committee: ECON
Amendment 449 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 35 – point b
Regulation (EU) No 575/2013
Article 80 – paragraph 1 – subparagraph 2
Competent authorities shall, without delay and upon request by EBA, forward all information to EBA that EBA considers relevant concerning new capital instruments or new types of liabilities issued in order to enable EBA to monitor the quality of own funds and eligible liabilities instruments issued by institutions across the Union.;
2018/02/05
Committee: ECON
Amendment 538 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 48
Regulation (EU) No 575/2013
Article 104 – paragraph 2 – point e
(e) financial assets or liabilities measured at fair valueheld as accounting trading assets or liabilities;
2018/02/05
Committee: ECON
Amendment 573 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 54
Regulation (EU) No 575/2013
Article 132 – paragraph 1
1. Institutions shall calculate the risk- weighted exposure amount for their exposures in the form of units or shares in a CIU by multiplying thaverage risk- weighted exposure amount of the CIU's exposures, calculated in accordance with the approaches referred to in the first subparagraph of paragraph 2, with the percentagaccounting value of units or shares held by those institutions.
2018/02/05
Committee: ECON
Amendment 575 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 54
Regulation (EU) No 575/2013
Article 132 – paragraph 3 – introductory part
3. Institutions may determine the average risk weighted exposure amount of r a CIU's exposures in accordance with the approaches set out in Article 132a where all of the following conditions are met:
2018/02/05
Committee: ECON
Amendment 578 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 54
(iii) where the institution applies the look-through approach, information about the underlying exposures is verified by an independent third party on an annual basis.
2018/02/05
Committee: ECON
Amendment 615 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 83
Regulation (EU) No 575/2013
Article 325 a – paragraph 1 – introductory part
1. An institution may calculate the own funds requirements for market risks with the approach referred to in point (c) of Article 325(1) provided that the size of the institution’s on- and off-balance sheet business subject to market risks is equal to or less than the higher of the following thresholds on the basis of an assessment carried out on a monthly basis:
2018/02/05
Committee: ECON
Amendment 730 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 108 – point b
Regulation (EU) No 575/2013
Article 416 – paragraph 5 – subparagraph 1
Shares or units in CIUs may be treated as liquid assets up to an absolute amount of EUR 500 million in the portfolio of liquid assets of each institution provided that the requirements in Article 132(3) are met and that the CIU, apart from derivatives to mitigate interest rate or credit or currency risk, only invests in liquid assets as referred to in paragraph 1 of this Article.
2018/02/05
Committee: ECON
Amendment 740 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 f – paragraph 2 – introductory part
2. Assets and liabilities directly linked to the following products or services shall be considered to meet the conditions of paragraph 1 and be considered as interdependentt both the individual and consolidated levels :
2018/02/05
Committee: ECON
Amendment 742 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 f – paragraph 2 – point c
(c) covered bonds as referred to in Article 52(4) of Directive 2009/65/EC; or that meet the eligibility requirements for the treatment set out in Article 129(4) or (5), and (7) of the Regulation (EU) No 575/2013;
2018/02/05
Committee: ECON
Amendment 749 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 h – paragraph 1 – introductory part
1. By way of derogation from Article 428g and from Chapters 3 and 4 of this Title, competent authorities may on a case- by-case basisshall authorise institutions to apply a higher available stable funding factor or a lower required stable funding factor to assets, liabilities and committed credit or liquidity facilities where all of the following conditions are fulfilled:
2018/02/05
Committee: ECON
Amendment 750 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 h – paragraph 1 – point a – point v a (new)
(va) the counterparty is located within the same Member State or in a different Member State;
2018/02/05
Committee: ECON
Amendment 754 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 h – paragraph 1 – point b
(b) there are reasons to expect that the liability or committed credit or liquidity facility received constitutes a more stable source of funding or that the asset or committed credit or liquidity facility granted requires less stable funding within the one-year horizon of the net stable funding ratio than the same liability, asset or committed credit or liquidity facility with other counterparties;deleted
2018/02/05
Committee: ECON
Amendment 761 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 h – paragraph 2
2. Where the institution and the counterparty are established in different Member States, competent authorities may waive the condition set out in point (d) of paragraph 1 where, in addition to the criteria set out in paragraph 1, the following criteria are fulfilled: (a) agreements and commitments between group entities regarding the liability, asset or committed credit or liquidity facility; (b) low funding risk profile; (c) funding receiver has been adequately taken into account in the liquidity risk management of the funding provider. The competent authorities shall consult each other in accordance with point (b) of Article 20(1) to determine whether the additional criteria set out in this paragraph are met.deleted there are legally binding the funding provider presents a the funding risk profile of the
2018/02/05
Committee: ECON
Amendment 770 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 q – paragraph 1 a (new)
1a. The residual maturity of assets with an undefined contractual end date is the date at which the contract allows the credit institution to withdraw or to request payment.
2018/02/05
Committee: ECON
Amendment 771 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 q – paragraph 1 b (new)
1b. Securities contractually hedging a derivative have the maturity of the derivative.
2018/02/05
Committee: ECON
Amendment 773 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 q – paragraph 5 a (new)
5a. When calculating the residual maturity of an asset with an early termination where the option to withdraw the money is exercisable at the discretion of both parts, the institution shall consider the asset at the maturity of the date in which the option can be exercised.
2018/02/05
Committee: ECON
Amendment 779 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 r – paragraph 1 – point a a (new)
(aa) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3), where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation , and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;
2018/02/05
Committee: ECON
Amendment 781 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 r – paragraph 1 – point a b (new)
(ab) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3) with regulated financial customers, where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;
2018/02/05
Committee: ECON
Amendment 795 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point b
(b) assets that have a residual maturity of less than six months resulting from secured lending transactions and capital market-driven transactions as defined in Article 192(2) and (3) with financial customers, where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU) 2015/61, excluding extremely high quality covered bonds referred to in point (f) of Article 10(1) of that Delegated Regulation , and where the institution would be legally entitled and operationally able to reuse those assets for the life of the transaction, regardless of whether the collateral has already been reused. Institutions shall take those assets into account on a net basis where Article 428e(1) of this Regulation applies;deleted
2018/02/05
Committee: ECON
Amendment 800 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point d
(d) all trade finance off-balance sheet related products as referred to in Article 111(1) of this Regulation with a residual maturity of less than six months.
2018/02/05
Committee: ECON
Amendment 814 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
(d) trade finance off-balance sheet related products as referred to in Article 111(1) with a residual maturity of minimum six months and less than one year.deleted
2018/02/05
Committee: ECON
Amendment 822 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 w – point b
(b) trade finance off-balance sheet related products as referred to in Article 111(1)with a residual maturity of one year or more.deleted
2018/02/05
Committee: ECON
Amendment 835 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 x – paragraph 3 – point a a (new)
(aa) trade finance on-balance sheet related products with a residual maturity of minimum six months and less than one year;
2018/02/05
Committee: ECON
Amendment 842 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a c – point e
(e) trade finance on-balance sheet related products with a residual maturity of minimum six months and less than one year;deleted
2018/02/05
Committee: ECON
Amendment 846 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a c – point g a (new)
(ga) those assets referred in Article 428af that have been purchased with the intent of being sold within one year;
2018/02/05
Committee: ECON
Amendment 847 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a e – point b a (new)
(ba) any assets other than those referred to in Articles 428r to 428af, including loans to financial customers having a residual contractual maturity of one year or more when collateralized by Level 1 high quality liquid assets in accordance with Article10 of Delegated Regulation (EU) 2015/61.
2018/02/05
Committee: ECON
Amendment 850 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point f
(f) unencumbered exchange-traded equities that are not eligible as Level 2B assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 unless they have been purchased with the intent of being sold within one year;
2018/02/05
Committee: ECON
Amendment 853 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point g
(g) physical traded commodities, including gold but excluding commodity derivatives, unless they have been purchased with the intent of being sold within one year.
2018/02/05
Committee: ECON
Amendment 855 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point g a (new)
(ga) any assets other than those referred to in Articles 428r to 428af, including loans to financial customers having a residual contractual maturity of one year or more when collateralized by Level 2 liquid assets in accordance with Article 10 of Delegated Regulation (EU) 2015/6.
2018/02/05
Committee: ECON
Amendment 1023 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point b
(b) the exposure is to an entity or – under specific conditions – to an affiliated holding company which was created specifically to finance or operate physical structures or facilities, systems and networks that provide or support essential public services; the entity can be an affiliated holding company structure if the sources, use and purpose of the loan is adequately fixed by contractual obligations and the cash-flows for repayment are adequately separated and controlled.
2018/02/05
Committee: ECON
Amendment 1027 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point c
(c) the primary source of repayment of the obligation is the income generated by or associated with the assets being financed (i.e. including concession based business), rather than the independent capacity of a broader commercial enterprise;
2018/02/05
Committee: ECON
Amendment 1028 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point d
(d) the obligor can meet its financial obligations even under severely stressed conditscenarions that are relevant for the risk of the project;
2018/02/05
Committee: ECON
Amendment 1030 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point i
(i) where the revenues of the obligor are not funded by payments from a large number of users, the revenues are covered by law or the contractual arrangements shall include provisions that effectively protect lenders against losses resulting from the termination of the project by the party which agrees to purchase the goods or services provided by the obligor;
2018/02/05
Committee: ECON
Amendment 1031 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point ii
(ii) the obligor has sufficient reserve funds fully funded in cash or other financial arrangements with highadequately rated guarantors to cover the contingency funding and working capital requirements cover lifetimeing a substantial tenor of the financing of the assets referred to in point b) of this paragraph. The guarantor should have an ECAI rating with a credit quality step of at least 3, or a corresponding internal rating, at the time of the financing. A credit quality step of 4 should be allowed when tariffs are fixed by law;
2018/02/05
Committee: ECON
Amendment 1032 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point iii
(iii) the lenders have a substantial degree of control over the assets and the income generated by the obligor; to be ensured by adequate contractual covenants;
2018/02/05
Committee: ECON
Amendment 1033 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 a – paragraph 1 – point g – point v
(v) equity is pledged to lenders such that they are ableor other measures (e.g. step-in rights) are agreed in order to ensure ability to take control of the entity upon default;
2018/02/05
Committee: ECON
Amendment 1074 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 128
Regulation (EU) No 575/2013
Article 507 – introductory part
(128) Article 507 is replaced by the following:deleted.
2018/02/05
Committee: ECON
Amendment 1075 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 128
Regulation (EU) No 575/2013
Article 507
The EBA shall monitor the use of exemptions set out in Article 390 (6) and Article 400 (1) and Article 400(2) and by [one year after entry into force of the amending Regulation] submit a report to the Commission assessing the quantitative impact that the removal of those exemptions or the setting of a limit on their use would have. The report shall assess, in particular, for each exemption provided for in those Articles: (a) exempted in each Member State; (b) make use of the exemption in each Member State; (c) exempted in each Member State.;deleted the number of large exposures the number of institutions that the aggregate amount of exposures
2018/02/05
Committee: ECON
Amendment 28 #

2016/0351(COD)

Proposal for a regulation
Recital 3
(3) In the light of experience gained in past proceedings, it is appropriate to clarify the circumstances in which significant distortions affecting to a considerable extent free market forces may be deemed to exist. In particular, it is appropriate to clarify that this situation may be deemed to exist, inter alia, when reported prices or costs, including the costs of raw material of labour, the costs of raw materials and energy costs, are not the result of free market forces because they are affected by government intervention. It is further appropriate to clarify that in considering whether or not such a situation exists regard may be had, inter alia, to the potential impact of the following: the market in question is to a significant extent served by enterprises which operate under the ownership, control or policy supervision or guidance of the authorities of the exporting country; state presence in firms allowing the state to interfere with respect to prices or costs; public policies or measures discriminating in favour of domestic suppliers or otherwise influencing free market forces; and access to finance granted by institutions implementing public policy objectives. It is further appropriate to provide that the Commission services mayshall issue a biennial report describing the specific situation concerning these criteria in a certain country or a certain sector; that such report and the evidence on which it is based may be placed on the file of any investigation relating to that country or sector; and that interested parties should have ample opportunity to comment on the report and the evidence on which it is based in each investigation in which such report or evidence is used.
2017/03/22
Committee: ITRE
Amendment 34 #

2016/0351(COD)

Proposal for a regulation
Recital 4
(4) It is further appropriate to recall that costs should normally be calculated on the basis of records kept by the exporter or producer under investigation and take account of structural overproduction. However, where there are significant distortions in the exporting country with the consequence that costs reflected in the records of the party concerned are artificially low, such costs may be adjusted or established on any reasonable basis, including information from other representative markets or from international prices or benchmarks. In the light of experience gained in past proceedings, it is appropriate to further clarify that, for the purposes of applying the provisions introduced by this regulation, due account should be taken of all relevant evidence, including relevant assessment reports regarding the circumstances prevailing on the domestic market of the exporting producers and the evidence on which they are based, which has been placed on the file, and upon which interested parties have had an opportunity to comment.
2017/03/22
Committee: ITRE
Amendment 37 #

2016/0351(COD)

Proposal for a regulation
Recital 5
(5) It is further appropriate to recall that, with respect to the methodology used in the original investigation and to be used in the review investigation, Article 11(9) of Regulation (EU) 2016/1036 applies. In this context, it is appropriate to clarify that, when examining whether there is an indication that circumstances have changed, due account should be taken of all relevant evidence, including relevant assessment reports regarding the circumstances prevailing on the domestic market of the exporting producers and the evidence on which they are based, which has been placed on the file, and upon which interested parties have had an opportunity to comment. In any case, the burden of proof cannot be considered to rest with party requesting the investigation.
2017/03/22
Committee: ITRE
Amendment 48 #

2016/0351(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1036
Article 2 - paragraph 6a - point a
(a) In case it is determined, when applying this provision or any other relevant provision of this Regulation, that it is not appropriate to use domestic prices and costs in the exporting country due to the existence of significant distortions affecting its economy or certain production sectors, the normal value shall be constructed on the basis of costs of production and sale reflecting undistorted prices or benchmarks. For this purpose, the sources that may be used include undistorted international prices, costs, or benchmarks, or corresponding costs of production and sale in an appropriate representative country with a similar level of economic development and similar production costs as the exporting country, provided the relevant cost data are readily available. The constructed normal value shall include a reasonable amount for administrative, selling and general costs and for profits.
2017/03/22
Committee: ITRE
Amendment 51 #

2016/0351(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1036
Article 2 – paragraph 6a – point b
(b) Significant distortions for the product concerned within the meaning of point (a) may be deemed to exist, inter alia, when reported prices or costs, including the costs of raw materials, are not the result of free market forces as they are affected by government intervention. In considering whether or not significant distortions exist regard may be had, inter alia, to the potential impact of the following: the market in question is to a significant extent served by enterprises which operate under the ownership, control or policy supervision or guidance of the authorities of the exporting country; state presence in firms allowing the state to interfere with respect to prices or costs; public policies or measures discriminating in favour of domestic suppliers or otherwise influencing free market forces; and access to finance granted by institutions implementing public policy objectives. National legislation regarding health and safety, rights at the workplace, environmental protection and intellectual property enables enterprises to reduce production costs.
2017/03/22
Committee: ITRE
Amendment 69 #

2016/0351(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1036
Article 2 – paragraph 6a – point c
(c) When appropriate, tThe Commission services mayshall issue a public report describing the specific situation concerning the criteria listed in point (b) in a certain country or a certain sector. Such report and the evidence on which it is based, as well as the results obtained from previous EU investigations and reports on the exporting country, may be placed on the file of any investigation relating to that country or sector. Interested parties shall have ample opportunity to supplement, comment or rely on the report and the evidence on which it is based in each investigation in which such report or evidence is used. The determinations made shall take into account all of the relevant evidence on the file.
2017/03/22
Committee: ITRE
Amendment 70 #

2016/0351(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1036
Article 2 – paragraph 6a – point c
(c) When appropriate, tThe Commission services mayshall issue a biennial report describing the specific situation concerning the criteria listed in point (b) in a certain country or a certain sector. Such report and the evidence on which it is based may be placed on the file of any investigation relating to that country or sector. Interested parties shall have ample opportunity to supplement, comment or rely on the report and the evidence on which it is based in each investigation in which such report or evidence is used. The determinations made shall take into account all of the relevant evidence on the file.
2017/03/22
Committee: ITRE
Amendment 71 #

2016/0351(COD)

(ca) The Commission shall provide for simplified complaints procedures for small and medium-sized enterprises.
2017/03/22
Committee: ITRE
Amendment 76 #

2016/0351(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1036
Article 2 – paragraph 6a – point d
(d) The Union industry may rely on the report referred to in point (c) for the calculation of normal value when filing a complaint in accordance with Article 5 or a request for a review in accordance with Article 11 or for a fresh investigation under Article 12.
2017/03/22
Committee: ITRE
Amendment 77 #

2016/0351(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
(e) The parties to the investigation shall be informed shortly after initiation about the relevant sources that the Commission intends to use for the purpose of point (a) and shall be given 10 days to comment. For this purpose, interested parties shall be given access to the file, including any evidence on which the investigating authority relies, without prejudice to Article 19. No later than three months from the opening of the investigation, a communication indicating the procedures to be followed shall be sent to the parties concerned.
2017/03/22
Committee: ITRE
Amendment 40 #

2016/0338(CNS)

Proposal for a directive
Recital 1
(1) Situations, in which different Member States tax the same income or capital twice can create serious tax obstacles for businesses operating cross border. They create an excessive tax burden for businesses and are likely to cause economic distortions and inefficiencies, as well as to have a negative impact on cross border investment and growth.
2017/03/30
Committee: ECON
Amendment 43 #

2016/0338(CNS)

Proposal for a directive
Recital 2
(2) For this reason, it is necessary that mechanisms available in the Union ensure the resolution of double taxation disputes and the effective elimination of the double taxation at stake.deleted
2017/03/30
Committee: ECON
Amendment 53 #

2016/0338(CNS)

Proposal for a directive
Recital 3
(3) The currently existing mechanisms provided for in bilateral tax treaties do not achieve the provision of a full relief from double taxation in a timely manner in all cases. The existing Convention on the elimination of double taxation in connection with the adjustments of profits of associated enterprises (90/436/EEC)7 ('the Union Arbitration Convention') has a limited scope as it is only applicable to transfer pricing disputes and attribution of profits to permanent establishments. The monitoring exercise carried out as part of the implementation of the Union Arbitration Convention has revealed some important shortcomichallenges, in particular as regards access to the procedure and the length and the effective conclusion of the procedure. _________________ 7 OJ L 225, 20.8.1990, p. 10.
2017/03/30
Committee: ECON
Amendment 62 #

2016/0338(CNS)

Proposal for a directive
Recital 5
(5) The introduction of an effective and efficient framework for resolution of tax disputes which ensures legal certainty and a business friendly environment for investments is therefore a crucial action in order to achieve a fair and efficient corporate tax system in the Union. The double taxation dispute resolution mechanisms should also create a harmonised and transparent framework for solving double taxation issues and as such provide benefits to all taxpayers, without bringing into question the exclusive competences of Member States regarding fiscal matters.
2017/03/30
Committee: ECON
Amendment 69 #

2016/0338(CNS)

Proposal for a directive
Recital 6
(6) The elimination of double taxation should be achieved through a procedure under which, as a first step, the case is submitted to the tax authorities of the Member States concerned with a view to settling the dispute by Mutual Agreement Procedure. In the absence of such agreement within a certain time frame, the case should be submitted to an Advisory Commission or Alternative Dispute Resolution Commission, consisting both of representatives of the tax authorities concerned and of independent persons of standing listed in a publicly available "register of independent persons of standing". The tax authorities should take a final binding decision by reference to the opinion of an Advisory Commission or Alternative Dispute Resolution Commission.
2017/03/30
Committee: ECON
Amendment 78 #

2016/0338(CNS)

Proposal for a directive
Recital 9
(9) This Directive respects the fundamental rights and observes the principles recognised in particular by the Charter of Fundamental Rights of the European Union. In particular, this Directive seeks to ensure full respect for the right to a fair trial and the freedom to conduct a business, while respecting the exclusive competences of Member States concerning fiscal matters.
2017/03/30
Committee: ECON
Amendment 80 #

2016/0338(CNS)

Proposal for a directive
Recital 10
(10) Since the objective of this Directive, to establish an effective and efficient procedure to resolve double taxation disputes in the context of the proper functioning of the internal market, cannot be sufficiently achieved by the Member States but can rather, by reason of the scale and effects of the action, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Directive does not go beyond what is necessary in order to achieve that objective.deleted
2017/03/30
Committee: ECON
Amendment 161 #

2016/0338(CNS)

Proposal for a directive
Article 8 – paragraph 4 – subparagraph 3 a (new)
The list of independent persons with standing shall be publicly available.
2017/03/30
Committee: ECON
Amendment 164 #

2016/0338(CNS)

Proposal for a directive
Article 9 – paragraph 2 a (new)
2 a. The list of the members of the Alternative Dispute Resolution Commission shall also be publicly available.
2017/03/30
Committee: ECON
Amendment 172 #

2016/0338(CNS)

Proposal for a directive
Article 11 – paragraph 1
The costs of the Advisory or Alternative Dispute Resolution Commission procedure, other than those incurred by the taxpayers, shall be shared equproportionally between the Member States.
2017/03/30
Committee: ECON
Amendment 71 #

2016/0337(CNS)

Proposal for a directive
The European Parliament rejects the Commission proposal.
2017/09/29
Committee: ECON
Amendment 78 #

2016/0337(CNS)

Proposal for a directive
Recital 1
(1) Companies which seek to do business across frontiers within the Union encounter serious obstacles and market distortions owing to the existence and interaction of 28 disparate corporate tax systems. Furthermore, tTax planning structures have become ever-more sophisticated over time, as they develop across various jurisdictions and effectively take advantage of the technicalities of a tax system or of mismatches between two or more tax systems for the purpose of reducing the tax liabilityburden ofn companies. Although those situations highlight shortcomings that are completely different in nature, they both create obstacles which impede the proper functioning of the internal market. Action to rectify those problems should therefore address both types of market deficiencies.
2017/09/29
Committee: ECON
Amendment 93 #

2016/0337(CNS)

Proposal for a directive
Recital 2
(2) To support the proper functioning of the internal market, the corporate tax environment in the Union should be shaped in accordance with the principle that companies pay their fair share of tax in the jurisdiction(s) where their profits are generated. It is therefore necessary to provide for mechanisms that discourage companies from taking advantage of mismatches amongst national tax systems in order to lower their tax liability. It is equally important to also stimulate growth and economic development in the internal market by facilitating cross-border trade and corporate investment. To this end, it is necessary to eliminate both double taxation and double non-taxation risks in the Union through eradicatsolving disparities in the interaction of national corporate tax systems. At the same time, companies need an easily workable tax and legal framework for developing their commercial activity and expanding it across borders in the Union. In that context, remaining cases of discrimination should also be removed.
2017/09/29
Committee: ECON
Amendment 96 #

2016/0337(CNS)

Proposal for a directive
Recital 3
(3) As pointed out in the proposal of 16 March 2011 for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB)7 , a corporate tax system which treats the Union as a single market for the purpose of computing the corporate tax base of companies would facilitate cross-border activity for companies resident in the Union and promote the objective of making it a more competitive location for investment internationally. The proposal of 2011 for a CCCTB focussed on the objective of facilitating the expansion of commercial activity for businesses within the Union. In addition to that objective, it should also be taken into account that a CCCTB can be highly effective in improving the functioning of the internal market through countering tax avoidance schemes. In this light, the initiative for a CCCTB should be re- launched in order to address, on an equal footing, both the aspect of business facilitation and the initiative's function in countering tax avoidance. Such an approach would best serve the aim of eradicating distortions in the functioning of the internal market. __________________ 7 Proposal for a Council Directive COM (2011) 121 final/2 of 3.10.2011 on a Common Consolidated Corporate Tax Base.
2017/09/29
Committee: ECON
Amendment 98 #

2016/0337(CNS)

Proposal for a directive
Recital 3
(3) As pointed out in the proposal of 16 March 2011 for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB)7, a corporate tax system which treats the Union as a single market for the purpose of computing the corporate tax base of companies would facilitate cross-border activity for companies resident in the Union and promote the objective of making it a more competitive location for investment internationally. The proposal of 2011 for a CCCTB focussed on the objective of facilitating the expansion of commercial activity for businesses which are subject to corporate tax within the Union. In addition to that objective, it should also be taken into account that a CCCTB can be highly effective in improving the functioning of the internal market through countering tax avoidance schemes. In this light, the initiative for a CCCTB should be re- launched in order to address, on an equal footing, both the aspect of business facilitation and the initiative's function in countering tax avoidance. Such an approach would best serve the aim of eradicating distortions in the functioning of the internal market. __________________ 7 Proposal for a Council Directive COM (2011) 121 final/2 of 3.10.2011 on a Common Consolidated Corporate Tax Base.
2017/09/29
Committee: ECON
Amendment 106 #

2016/0337(CNS)

Proposal for a directive
Recital 4
(4) Considering the need to act swiftly in order to ensure a proper functioning ofIn order to make the internal market by making it, on the one hand, friendlier to trade and investment and, on the other hand, more resilient to tax avoidance schemes, it is necessary to divide the ambitious CCCTB initiative into two separate proposals. At a first stage, rules on a common corporate tax base should be enacted, before addressing, at a second stage, the issue of consolidationfor both of the present proposals for directives to be negotiated in parallel and to enter into force at the same time.
2017/09/29
Committee: ECON
Amendment 119 #

2016/0337(CNS)

Proposal for a directive
Recital 5
(5) Many aggressive tax planning structures tend to feature in a cross- border context, which implies that the participating groups of companies possess a minimum of resources. On this premise, for reasons of proportionality, the rules on a common base should be mandatory only for companies which belong to a group of a substantial size. For that purpose, a size-related threshold should be fixed on the basis of the total consolidated revenue of a group which files consolidated financial statements. In addition, to ensure coherence between the two steps of the CCCTB initiative, the rules on a common base should be mandatory for companies which would be considered as a group should the full initiative materialise. In order to better serve the aim of facilitating trade and investment in the internal market, the rules on a common corporate tax base should also be available, as an option, to companies which do not meet those criteria.deleted
2017/09/29
Committee: ECON
Amendment 134 #

2016/0337(CNS)

Proposal for a directive
Recital 6
(6) It is necessary to define the concept of a permanent establishment situated in the Union and belonging to a taxpayer who is resident for tax purposes within the Union. The aim would be to ensure that all concerned taxpayers share a common understanding and to exclude the possibility of a mismatch due to divergent definitions. On the contrary, it should not be seen as essential to have a common definition of permanent establishments situated in a third country, or in the Union but belonging to a taxpayer who is resident for tax purposes in a third country. This dimension should better be left to bilateral tax treaties and national law due to its complicated interaction with international agreements.deleted
2017/09/29
Committee: ECON
Amendment 143 #

2016/0337(CNS)

Proposal for a directive
Recital 7
(7) To mitigate tax avoidance risks, which distort the functioning of the internal market, a common corporate tax base should be designed broadly. Based on this premise, all revenues should be taxable unless expressly exempted. As regards participations of at least 10 %, income consisting in dividends or proceeds from the disposal of shares held in a company outside the group should be exempt, in order to prevent double taxation in foreign direct investment. In the same vein, the profits of permanent establishments should also be exempt from tax in the state of the head office. It is also considered that the exemption of income earned abroad meets the need for simplicity for businesses. Indeed, in giving relief for double taxation, most Member States currently exempt dividends and proceeds from the disposal of shares, thereby avoiding computing the taxpayer's entitlement to a credit for the tax paid abroad, in particular where such entitlement must take account of the corporation tax paid by the company distributing the dividends.deleted
2017/09/29
Committee: ECON
Amendment 145 #

2016/0337(CNS)

Proposal for a directive
Recital 8
(8) Taxable revenues should be reduced by business expenses and certain other items. Deductible business expenses should normally include all costs relating to sales and expenses linked to the production, maintenance and securing of income. To support innovation in the economy and modernise the internal market, deductions should be provided for research and development costs, including super-deductions, and those should be fully expensed in the year incurred (with the exception of immovable property). Small starting companies without associated enterprises which are particularly innovative (a category which will in particular cover start-ups) should also be supported through enhanced super-deductions for research and development costs. In order to ensure legal certainty, there should also be a list of non-deductible expenses.
2017/09/29
Committee: ECON
Amendment 152 #

2016/0337(CNS)

Proposal for a directive
Recital 9
(9) Recent developments in international taxation have highlighted that, in an effort to reduce their global tax liability, multinational groups of companies have increasingly engaged in tax avoidance arrangements leading to base erosion and profit shifting, through excessive interest payments. It is therefore necessary to limit the deductibility of interest (and other financial) costs, in order to discourage such practices. In that context, the deductibility of interest (and other financial) costs should only be allowed without restrictions to the extent that those costs can be offset against taxable interest (and other financial) revenues. Any surplus of interest costs should however be subject to deductibility restrictions, to be determined by reference to a taxpayer’s taxable earnings before interest, tax, depreciation and amortisation (‘EBITDA’).deleted
2017/09/29
Committee: ECON
Amendment 156 #

2016/0337(CNS)

Proposal for a directive
Recital 10
(10) The fact that interest paid out on loans is deductible from the tax base of a taxpayer whilst this is not the case for profit distributions creates a definitive advantage in favour of financing through debt as opposed to equity. Given the risks that this entails for the indebtedness of companies, it is critical to provide for measures which neutralise the current bias against equity financing. In this light, it is envisaged to give taxpayers an allowance for growth and investment according to which increases in a taxpayer's equity should be deductible from its taxable base subject to certain conditions. Thus, it would be essential to ensure that the system does not suffer cascading effects and to this end, it would be necessary to exclude the tax value of a taxpayer's participations in associated enterprises. Finally, to make the scheme of the allowance sufficiently robust, it would also be required to lay down anti-tax avoidance rules.
2017/09/29
Committee: ECON
Amendment 163 #

2016/0337(CNS)

Proposal for a directive
Recital 12
(12) In order to discourage the shifting of passive (mainly, financial) income out of highly-taxed companies, any losses that such companies may incur at the end of a tax year should be presumed to mostly correspond to the results of trading activity. Based on that premise, taxpayers should be allowed to carry losses forward indefinitely without restrictions on the deductible amount per year. Since the carry-forward of losses is intended to ensure that a taxpayer pays tax on its real income, there is no reason to place a time limit on carry forward. Regarding the prospect for a loss carry-back, no such a rule would need to be introduced because that this is relatively rare in the practice of Member States, and tends to lead to excessive complexity. Furthermore, an anti-abuse provision should be laid down in order to prevent, thwart or counter attempts to circumvent the rules on loss deductibility through purchasing loss-making companies.
2017/09/29
Committee: ECON
Amendment 168 #

2016/0337(CNS)

Proposal for a directive
Recital 13
(13) In order to facilitate the cash-flow capacity of businesses – for instance, by compensating start-up losses in a Member State with profits in another Member State – and encourage the cross-border expansion within the Union, taxpayers should be entitled to temporarily take into account the losses incurred by their immediate subsidiaries and permanent establishments situated in other Member States. For that purpose, a parent company or head office located in a Member State should be able to deduct from its tax base, in a given tax year, the losses incurred in the same tax year by its immediate subsidiaries or permanent establishments situated in other Member States in proportion to its holding. The parent company should then be required to add back to its tax base, considering the amount of losses previously deducted, any subsequent profits made by those immediate subsidiaries or permanent establishments. As it is vital to safeguard national tax revenues, the deducted losses should also be reincorporated automatically if this has not already occurred after a certain number of years or if the requisites to qualify as an immediate subsidiary or permanent establishment are no longer met.
2017/09/29
Committee: ECON
Amendment 169 #

2016/0337(CNS)

Proposal for a directive
Recital 14
(14) To avoid the base erosion of higher tax jurisdictions through shifting profits via inflated transfer prices towards lower tax countries, transactions between a taxpayer and its associated enterprise(s) should be subject to pricing adjustments in line with the 'arm's length' principle, which is a generally applied criterion.deleted
2017/09/29
Committee: ECON
Amendment 174 #

2016/0337(CNS)

Proposal for a directive
Recital 16
(16) As far as specific anti-tax avoidance measures are concerned, it is often necessary to ascertain the level of taxation on the other side of the border, in order to determine whether the taxpayer is liable to pay tax on foreign generated income. This would create a level-playing field regarding the level of tax and competition within the internal market and also protect the market from base erosion vis-à-vis third countries. In this context, it is necessary to provide for a switch-over clause targeting some types of income earned in a third country, such as profit distributions and proceeds from the disposal of shares, in order to ensure that income be taxable in the Union if it has been taxed below a certain level in a third country. Controlled foreign company (‘CFC’) legislation is also an indispensable element of a corporate tax system and has the effect of re-attributing the income of a low-taxed controlled subsidiary to its parent company in an effort to discourage profit shifting. In that regard, it is necessary that CFC rules extend to the profits of permanent establishments where those profits are not subject to tax or are tax exempt in the Member State of the taxpayer.
2017/09/29
Committee: ECON
Amendment 177 #

2016/0337(CNS)

Proposal for a directive
Recital 17
(17) Taking into account that the effect of hybrid mismatches is usually a double deduction (i.e. deduction in both states) or a deduction of the income in one state without inclusion in the tax base of another, such situations clearly affect the internal market by distorting its mechanisms and creating loopholes for tax avoidance practices to flourish. Given that mismatches generate from national differences in the legal qualification of certain types of entities or financial payments, they normally do not occur amongst companies which apply the common rules for calculating their tax base. Mismatches would however persist in the interaction between the framework of the common base and national or third- country corporate tax systems. To neutralise the effects of hybrid mismatch arrangements, it is necessary to lay down rules whereby one of the two jurisdictions in a mismatch deny the deduction of a payment or ensures that the corresponding income is included in the corporate tax base.
2017/09/29
Committee: ECON
Amendment 181 #

2016/0337(CNS)

Proposal for a directive
Recital 19
(19) In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission with respect of (i) taking into account changes to the laws of Member States concerning the company forms and corporate taxes and amend Annexes I and II accordingly; (ii) laying down additional definitions; (iii) enacting detailed rules against tax avoidance in a number of specified fields relevant to the allowance for growth and investment ; (iv) defining the concepts of legal and economic ownership of leased assets in more detail; (v) calculating the capital and interest elements of lease payments and the depreciation base of leased assets; and (vi) defining more precisely the categories of fixed assets subject to depreciation. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and the Council.deleted
2017/09/29
Committee: ECON
Amendment 184 #

2016/0337(CNS)

Proposal for a directive
Recital 20
(20) In order to ensure uniform conditions for the implementation of this Directive, implementing powers should be conferred on the Commission to adopt annually a list of third country company forms that are similar to the company forms listed in Annex I. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council12 . __________________ 12 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).deleted
2017/09/29
Committee: ECON
Amendment 197 #

2016/0337(CNS)

Proposal for a directive
Article 1 – paragraph 2
2. A company that applies the rules of this Directive shall cease to be subject to the national corporate tax law in respect of all matters regulated by this Directive, unless otherwise stadeleted.
2017/09/29
Committee: ECON
Amendment 256 #

2016/0337(CNS)

Proposal for a directive
Article 8 – paragraph 1 – point d
(d) received profit distributions, provided that the taxpayer has maintained a minimum holding of 10 % in the capital or 10 % of the voting rights of the distributing company for 12 consecutive months, with the exception of profit distributions from shares held for trading as referred to in Article 21(4) and profit distributions received by life insurance undertakings in accordance with point (c) of Article 28, as well as national profit distributions;
2017/09/29
Committee: ECON
Amendment 258 #

2016/0337(CNS)

Proposal for a directive
Article 9
1. to the extent that they are incurred in the direct business interest of the taxpayer. 2. paragraph 1 shall include all costs of sales and all expenses, net of deductible value added tax, that the taxpayer incurred with a view to obtaining or securing income, including costs for research and development and costs incurred in raising equity or debt for the purposes of the business. 3. are deductible as costs for research and development in accordance with paragraph 2, the taxpayer may also deduct, per tax year, an extra 50% of such costs, with the exception of the cost related to movable tangible fixed assets, that it incurred during that year. To the extent that costs for research and development reach beyond EUR 20 000 000, the taxpayer may deduct 25% of the exceeding amount. By way of derogaArticle 9 deleted Deductible expenses Expenses shall be deductible only The expenses referred to in In addition fromto the first subparagraph, the taxpayer may deduct an extra 100% of its costs for research and development up to EUR 20 000 000 where that taxpayer meets all of the following conditions: (a) fewer than 50 employees and an annual turnover and/or annual balance sheet total that does not exceed EUR 10 000 000; (b) longer than five years. If the taxpayer is not subject to registration, the period of five years may be taken to start at the moment that theamounts which it is an unlisted enterprise ewither starts, or is liable to tax for, its economic activity; (c) it has not been formed through a merger; (d) it does not have any associated enterprises. 4. Member States may provide for the deduction of gifts and donations to charitable bodies. it has not been registered for
2017/09/29
Committee: ECON
Amendment 289 #

2016/0337(CNS)

Proposal for a directive
Article 11 – paragraph 1
1. For the purposes of this Article, 'AGI equity base' means, in a given tax year, the difference between the equity of a taxpayer and the tax value of its participation in the capital of associated enterprises as referred to in Article 56 the equity difference.
2017/09/29
Committee: ECON
Amendment 299 #

2016/0337(CNS)

Proposal for a directive
Article 13
[...]deleted
2017/09/29
Committee: ECON
Amendment 319 #

2016/0337(CNS)

Proposal for a directive
Article 19 – paragraph 2
2. The costs of stocks and work-in- progress shall be measured consistently by using the first-in first-out method, last-in first-out method or the weighted-average cost methodin accordance with the respective national rules.
2017/09/29
Committee: ECON
Amendment 320 #

2016/0337(CNS)

Proposal for a directive
Article 19 – paragraph 3
3. The cost of stocks and work-in- progress involving items that ordinarily are not interchangeable and goods or services which are produced or supplied respectively and segregated for specific projects shall be measured individually accordance with the respective national rules.
2017/09/29
Committee: ECON
Amendment 321 #

2016/0337(CNS)

Proposal for a directive
Article 20 – paragraph 1 – point b
(b) the market value, where the consideration for the transaction is wholly or partly non-monetary;deleted
2017/09/29
Committee: ECON
Amendment 324 #

2016/0337(CNS)

Proposal for a directive
Article 23 – paragraph 3
3. Provisions shall not be deducted for the following: (a) (b)deleted contingent losses; future cost increases.
2017/09/29
Committee: ECON
Amendment 325 #

2016/0337(CNS)

Proposal for a directive
Article 25 – paragraph 2
2. In determining whether all reasonable steps to pursue payment have been made, the elements listed in points (a) to (e) shall be taken into account, provided that they are based on objective evidence: (a) whether the costs of collection are disproportionate to the debt; (b) whether there is any prospect of successful collection; (c) whether it is reasonable, in the circumstances, to expect the taxpayer to pursue collection; (d) the time that has elapsed following the date of maturity of the obligation; (e) whether the debtor has been declared insolvent or legal action has been initiated or a debt collector has been engaged.deleted
2017/09/29
Committee: ECON
Amendment 327 #

2016/0337(CNS)

Proposal for a directive
Article 29
1. value of transferred assets, at the time of exit of the assets, less their value for tax purposes, shall be treated as accrued revenues in any of the following circumstances: (a) from its head office to its permanent establishment in another Member State or in a third country; (b) from its permanent establishment in a Member State to its head office or another permanent establishment in another Member State or in a third country, to the extent that, due to the transfer, the Member State of the permanent establishment no longer has the right to tax theArticle 29 deleted Exit taxation An amount equal to the market where a taxpayer transferreds assets; (c) residence to another Member State or to a third country, except for those assets which remain effectively connected with a permanent establishment in the first Member State; (d) business carried on by its permanent establishment from a Member State to another Member State or to a third country, to the extent that, due to the transfer, the Member State of the permanent establishment no longer has the right to where a taxpayer transfers assets where a taxpayer transfers its tax twhe transferred assets. 2. assets, tax residence or the business carried on by a permanent establishment are transferred shall accept the value established by the Member State of the taxpayer or of the permanent establishment as the starting value of the assets for tax purposes. 3. transfers related to the financing of securities, assets posted as collateral or where the asset transfer takes place in order to meet prudential capital requirements or for the purpose of liquidity management where those assets are set to revert to the Member State of the transferor within a period of 12 months.re a taxpayer transfers the The Member State to where the This Article shall not apply to asset
2017/09/29
Committee: ECON
Amendment 328 #

2016/0337(CNS)

Proposal for a directive
Article 33
Individually depreciable assets 1. and Articles 37 and 38, fixed assets shall be depreciated individually over their useful lives on a straight-line basis. The useful life of a fixed asset shall be determined as follows: (a) commercial, office and other buildings, as well as any other type of immovable property in use for the business, with the exception of industrial buildings and structures: 40 years; (b) industrial buildings and structures: 25 years; (c) other than the assets referred to in points (a) and (b): 15 years; (d) medium-life fixed tangible assets: 8 years; (e) for which the asset enjoys legal protection or for which the right has been granted or, where that period cannot be determined, 15 years. 2. types of immovable property, second-hand long-life fixed tangible assets, second- hand medium-life fixed tangible assets and second-hand fixed intangible assets shall be depreciated in accordance with the following rules: (a) second-hand commercial, office or other buildings, as well a3 deleted Without prejudice to paragraph 2 long-life fixed tangible assets, fixed intangible assets: the period Second-hand buildings anyd other type of immovable property in use for the business, with the exception of industrial buildings and structures: 40 years, unless the taxpayer demonstrates that the estimated remaining useful life of the asset is shorter than 40 years, in which case it shall be depreciated over that shorter period; (b) and structures: 25 years, unless the taxpayer demonstrates that the estimated remaining useful life of the asset is shorter than 25 years, in which case it shall be depreciated over that shorter period; (c) tangible assets, other than the assets referred to in points (a) and (b): 15 years, unless the taxpayer demonstrates that the estimated remaining useful life of the asset is shorter than 15 years, in which case it shall be depreciated over that shorter period; (d) tangible assets: 8 years, unless the taxpayer demonstrates that the estimated remaining useful life of the asset is shorter than 8 years, in which case it shall be depreciated over that shorter period; (e) assets: 15 years, unless the remaining period for which the asset enjoys legal protection or for which the right has been granted can be determined, in which case it shall be depreciated over that period.second-hand industrial buildings second-hand long-life fixed second-hand medium-life fixed second-hand fixed intangible
2017/09/29
Committee: ECON
Amendment 32 #

2016/0336(CNS)

Proposal for a directive
The European Parliament rejects the Commission proposal.
2017/09/29
Committee: ECON
Amendment 54 #

2016/0336(CNS)

Proposal for a directive
Recital 2
(2) To support the proper functioning of the internal market, the corporate tax environment in the Union should be shaped in accordance with the principle that companies pay their fair share of tax in the jurisdiction(s) where their profits are generated. It is therefore necessary to provide for mechanisms that discourage companies from taking advantage of mismatches amongst national tax systems in order to lower their tax liability. It is equally important to also stimulate growth and economic development in the internal market by facilitating cross-border trade and corporate investment. To this end, it is necessary to eliminate both double taxation and double non-taxation risks in the Union through eradicattackling disparities in the interaction of national corporate tax systems. At the same time, companies need an easily workable tax and legal framework for developing their commercial activity and expanding it across borders in the Union. In that context, remaining cases of discrimination should also be removed.
2017/09/29
Committee: ECON
Amendment 59 #

2016/0336(CNS)

Proposal for a directive
Recital 3
(3) As pointed out in the proposal of 16 March 2011 for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB)7, a corporate tax system which treats the Union as a single market for the purpose of computing the corporate tax base of companies would facilitate cross-border activity for companies resident in the Union and promote the objective of making it a more competitive location for investment internationally. The proposal of 2011 for a CCCTB focussed on the objective of facilitating the expansion of commercial activity for businesses which are subject to corporate tax within the Union. In addition to that objective, it should also be taken into account that a CCCTB can be highly effective in improving the functioning of the internal market through countering tax avoidance schemes. In this light, the initiative for a CCCTB should be re- launched in order to address, on an equal footing, both the aspect of business facilitation and the initiative's function in countering tax avoidance. Such an approach would best serve the aim of eradicating distortions in the functioning of the internal market. __________________ 7 Proposal for a Council Directive COM (2011) 121 final/2 of 3.10.2011 on a Common Consolidated Corporate Tax Base.
2017/09/29
Committee: ECON
Amendment 68 #

2016/0336(CNS)

Proposal for a directive
Recital 4
(4) Considering the need to act swiftly in order to ensure a proper functioning of the internal market by making itIn order to make the tax system, on the one hand, friendlier to trade and investment and, on the other hand, more resilient to tax avoidance schemes, it is necessary to divide the ambitious CCCTB initiative into two separate proposals. At a first stage, rules on a common corporate tax base should be agreed, before addressing, at a second stage, the issue of consolidationfor both of the present proposals for directives to be negotiated in parallel and enter into force at the same time.
2017/09/29
Committee: ECON
Amendment 78 #

2016/0336(CNS)

Proposal for a directive
Recital 5
(5) Many aggressive tax planning structures tend to feature in a cross- border context, which implies that the participating groups of companies possess a minimum of resources. On this premise, for reasons of proportionality, the rules on a CCCTB should be mandatory only for groups of companies of a substantial size. For that purpose, a size-related threshold should be fixed on the basis of the total consolidated revenue of a group which files consolidated financial statements. In addition, in order to better serve the aim of facilitating trade and investment in the internal market, the rules on a CCCTB should also be available, as an option, to those groups that fall short of the size-related threshold.deleted
2017/09/29
Committee: ECON
Amendment 98 #

2016/0336(CNS)

Proposal for a directive
Recital 6
(6) Eligibility for the consolidated tax group should be determined in accordance with a two-part test based on (i) control (more than 50 percent of voting rights) and (ii) ownership (more than 75 percent of equity) or rights to profits (more than 750 percent of rights giving entitlement to profit). Such a test would ensure a high level of economic integration between group members. To guarantee the integrity of the system, the two thresholds for control and ownership or profit rights should be met throughout the tax year; otherwise, the failing company should leave the group immediately. To prevent a manipulation of the tax results through companies entering and leaving the group within a short-term, there should also be a minimum requirement of nine consecutive months for establishing group membership.
2017/09/29
Committee: ECON
Amendment 101 #

2016/0336(CNS)

Proposal for a directive
Recital 9
(9) In order to prevent circumventing the tax exemption of the gains from the disposals of shares, this tax-free treatment should be disallowed where it is illegitimately extended to sales of assets other than shares. This situation would occur if assets are moved by way of intra- group transactions, without tax implications, to a group member with the plan to subsequently, sell the shares in that group member and include the assets in that sale. In such case, the assets would effectively benefit, under the cover of a sale of shares, from the tax exemption that applies to disposals of shares. Accordingly, it would also be necessary to cater for intra-group transfers of assets which are then sold out of the group within a period of up to two years. Namely, an adjustment should be made in order to treat an asset as having left the group from the Member State where it was located initially, i.e. prior to the intra- group transfer, and in this way, discourage the artificial intra-group transfer of assets (other than shares) towards Member States with beneficial tax regimes for capital gains from disposals of assets.deleted
2017/09/29
Committee: ECON
Amendment 102 #

2016/0336(CNS)

Proposal for a directive
Recital 10
(10) The formula apportionment for the consolidated tax base should comprise three equally weighted factors, namely labour, assets and sales by destination. Those equally weighted factors should reflect a balanced approach to distributing taxable profits amongst the relevant Member States and should ensure that profits are taxed where they are actually earned. Labour and assets should therefore be allocated to the Member State where the labour is performed or the assets are located, and would thereby give appropriate weight to the interests of the Member State of origin, whilst sales should be allocated to the Member State of destination of the goods or services. To account for differences in the levels of wages across the Union and thus allow for a fair distribution of the consolidated tax base, the labour factor should comprise both payroll and the number of employees (i.e. each item counting for half). The asset factor, on the other hand, should comprise all fixed tangible assets, but not intangible and financial assets because of their mobile nature and the resulting risk that the rules of this Directive could be circumvented. Where, due to exceptional circumstances, the outcome of the apportionment does not fairly represent the extent of business activity, a safeguard clause should provide for an alternative method of income allocation.deleted
2017/09/29
Committee: ECON
Amendment 113 #

2016/0336(CNS)

Proposal for a directive
Recital 11
(11) Due to their specificities, certain sectors, such as the financial and insurance sector, the oil and gas sector as well as shipping and air transport, need an adjusted formula for the apportionment of the consolidated tax base.deleted
2017/09/29
Committee: ECON
Amendment 124 #

2016/0336(CNS)

Proposal for a directive
Recital 16
(16) In order to supplement or amend certain non-essential elements of this Directive, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission with respect of (i) taking into account changes to the laws of Member States concerning the company forms and corporate taxes and amend Annexes I and II accordingly; (ii) laying down additional definitions; and (iii) supplementing the rule on the limitation of interest deductibility with anti-fragmentation rules, to better address the tax avoidance risks which may emerge within a group. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and the Council.deleted
2017/09/29
Committee: ECON
Amendment 127 #

2016/0336(CNS)

Proposal for a directive
Recital 17
(17) In order to ensure uniform conditions for the implementation of this Directive, implementing powers should be conferred on the Commission (i) to adopt annually a list of third country company forms that are similar to the company forms listed in Annex I; (ii) to lay down detailed rules on the calculation of the labour, asset and sales factors, the allocation of employees and payroll, assets and sales to the respective factor and the valuation of assets; (iii) to adopt an act establishing a standard form of the notice to create a group; and (iv) to lay down rules on the electronic filing of the consolidated tax return, the form of the consolidated tax return, the form of the single taxpayer's tax return and the supporting documentation required. Those powers should be exercised in accordance with Regulation (EU) No 182/2011 of the European Parliament and of the Council12 . __________________ 12 Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission’s exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).deleted
2017/09/29
Committee: ECON
Amendment 138 #

2016/0336(CNS)

Proposal for a directive
Article 1 – paragraph 2
2. A company that applies the rules of this Directive shall cease to be subject to the national corporate tax law in respect of all matters regulated by this Directive, unless otherwise stadeleted.
2017/09/29
Committee: ECON
Amendment 174 #

2016/0336(CNS)

Proposal for a directive
Article 5 – paragraph 1 – point b
(b) it has an ownership right amounting to more than 75 % of the subsidiary’s capital or it owns more than 75 50% of the rights giving entitlement to profit.
2017/09/29
Committee: ECON
Amendment 176 #

2016/0336(CNS)

Proposal for a directive
Article 5 – paragraph 2 – point b
(b) entitlement to profit and ownership of capital shall be calculated by multiplying the interests held, directly and indirectly, in subsidiaries at each tier. Ownership rights amounting to 750% or less held directly or indirectly by the parent company, including rights in companies resident in a third country, shall also be taken into account in the calculation.
2017/09/29
Committee: ECON
Amendment 210 #

2016/0336(CNS)

Proposal for a directive
Article 28
1. shared between the group members in each tax year on the basis of a formula for apportionment. In determining the apportioned share of a group member A, the formula shall take the following form, giving equal weight to the factors of sales, labour and assets: Formula 2. group shall be shared only where it is positive. 3. consolidated tax base shall be done at the end of the tax year of the group. 4. calendar month shall be considered as a whole month. 5. share of a group member, equal weight shall be given to the factors of sales, labour and assets.Article 28 deleted General rules The consolidated tax base shall be The consolidated tax base of a The calculations for sharing the A period of 15 days or more in a When determining the apportioned
2017/09/29
Committee: ECON
Amendment 225 #

2016/0336(CNS)

Proposal for a directive
Article 29 – paragraph 1
As an exception to the rule set out in Article 28, if the principal taxpayer or a competent authority considers that the outcome of the apportionment of the consolidated tax base to a group member does not fairly represent the extent of the business activity of that group member, the principal taxpayer or competent authority may request the use of an alternative method for calculating the tax share of each group member. An alternative method can be used only if, following consultations among the competent authorities and, where applicable, discussions held in accordance with Articles 77 and 78, all these authorities agree to that alternative method. The Member State of the principal tax authority shall inform the Commission about the alternative method used.deleted
2017/09/29
Committee: ECON
Amendment 147 #

2016/0288(COD)

Proposal for a directive
Citation 3
After transmission of the draft legislative act to the national parliaments, having regard to their reasoned opinions,
2017/04/06
Committee: ITRE
Amendment 161 #

2016/0288(COD)

Proposal for a directive
Recital 13
(13) The requirements concerning the capabilities of electronic communications networks are constantly increasing. While in the past the focus was mainly on growing bandwidth available overall and to each individual user, other parameters like latency, availability and reliability are becoming increasingly important. The current response towards this demand is bringing optical fibre closer and closer to the user and future 'very high capacity networks' will require performance parameters which are equivalent to what a network based on optical fibre elements at least up to the distribution point at the serving location can deliver. This corresponds in the fixed-line connection case to network performance equivalent to what is achievable by an optical fibre installation up to a multi-dwelling building, considered as the serving location, and in the mobile connection case to network performance similar to what is achievable based on an optical fibre installation up to the base station, considered as the serving location. Variations in end-users' experience which are due to the different characteristics of the medium by which the network ultimately connects with the network termination point should not be taken into account for the purposes of establishing whether or not a wireless network could be considered as providing similar network performance. In accordance with the principle of technological neutrality, other technologies and transmission media should not be excluded, where they comparticiparte with this baseline scenario in terms of their capabilitieto bridging the geographical digital divide and ensure a cost-efficient upgrade path to high speed connectivity and high quality services in unserved / underserved areas. The roll-out of such 'very high capacity networks' will further increase the capabilities of networks and pave the way for the roll-out of future mobile network generations based on enhanced air interfaces and a more densified network architecture.
2017/04/06
Committee: ITRE
Amendment 173 #

2016/0288(COD)

Proposal for a directive
Recital 17
(17) Interpersonal communications services are services that enable interpersonal and interactive exchange of information, covering services like traditional voice calls between two individuals but also all types of emails, messaging services, or group chats. Interpersonal communications services only cover communications between a finite, that is to say not potentially unlimited, number of natural persons which is determined by the sender of the communication. Communications involving legal persons should be within the scope of the definition where natural persons act on behalf of those legal persons or are involved at least on one side of the communication. Interactive communication entails that the service allows the recipient of the information to respond. Services which do not meet those requirements, such as linear broadcasting, video on demand, websites, social networks, blogs, or exchange of information between machines, should not be considered as interpersonal communications services. Under exceptional circumstances, a service should not be considered as an interpersonal communications service if the interpersonal and interactive communication facility is a purely ancillary feature to another service and for objective technical reasons cannot be used without that principal service, and its integration is not a means to circumvent the applicability of the rules governing electronic communications services. An example for such an exception could be, in principle, a communication channel in online games or document sharing applications, depending on the features of the communication facility of the service. Similarly, to the extent a multi-feature service contains a communications feature or element that (on its particular facts) can properly be considered to be an interpersonal communications service [that can be used on a standalone basis], only that separable feature or element should be considered as an interpersonal communications service.
2017/04/06
Committee: ITRE
Amendment 183 #

2016/0288(COD)

Proposal for a directive
Recital 24
(24) The principle that Member States should apply EU law in a technologically neutral fashion, that is to say that a national regulatory or other competent authority neither imposes nor discriminates in favour of the use of a particular type of technology, does not preclude the taking of proportionate steps to promote certain specific services where this is justified in order to attain the objectives of the regulatory framework, for example digital television as a means for increasing spectrum efficiency, or generally the migration to enhanced services as a means for increasing consumers' satisfaction. Furthermore, it does not preclude taking into account that certain transmission media have physical characteristics and architectural features that can be superior in terms of quality of service, capacity, maintenance cost, energy efficiency, management flexibility, reliability, robustness and scalability, and ultimately in terms of performance, which can be reflected in actions taken in view of pursuing the various regulatory objectives.
2017/04/06
Committee: ITRE
Amendment 192 #

2016/0288(COD)

Proposal for a directive
Recital 53
(53) Member States may need to amend rights, conditions, procedures, charges and fees relating to general authorisations and rights of use where this is objectively justified. Such changes should be duly notified to all interested parties in good time, giving them adequate opportunity to express their views on any such amendments. Taking into account the need to ensure legal certainty and to promote regulatory predictability, any restriction or withdrawal of existing rights of use for radio spectrum or to install facilities should be subject to predictable and transparent procedures; hence stricter requirements or a notification mechanism could be imposed where rights of use have been assigned pursuant to competitive or comparative procedures. Unnecessary procedures should be avoided in case of minorRadio spectrum is a scarce resource that belongs to the Member States and that national specificities and needs must be respected as regards management and assignment, as pointed out by the Commission; developing tools aimendments to existing rights to install facilities or to use spectrum when such amendments do not impact on third pard to facilitate dissemination of best practices' interests. The change in the use of spectrum as a result of the application of technology and service neutrality principl and experiences between Member States should not be considered a sufficient justification for a withdrawal of rights since it does not constitute the granting of a new rightdesirable.
2017/04/06
Committee: ITRE
Amendment 207 #

2016/0288(COD)

Proposal for a directive
Recital 61
(61) In the case of specific and well defined digital exclusion areas, national regulatory authorities should have the possibility to organise a call for declarations of interest with the aim of identifying undertakings that are willing to invest in very high capacity networks. In the interests of predictable investment conditions and taking account of progressive technology innovation, national regulatory authorities should be able to share information with undertakings expressing interest in deploying very high- speed networks on whether other types of network upgrades, including those below 100 Mbps download speed, are present or foreseen in the area in question.
2017/04/06
Committee: ITRE
Amendment 208 #

2016/0288(COD)

Proposal for a directive
Recital 61 a (new)
(61 a) In underdeveloped areas, national regulatory authorities should have the possibility to organise a call for declarations of interest with the aim of identifying undertakings that are willing to invest in high capacity networks able to provide download speed between 30 and 100 Mbps by 2020.
2017/04/06
Committee: ITRE
Amendment 218 #

2016/0288(COD)

Proposal for a directive
Recital 103
(103) Ensuring ubiquitous connectivity in each Member State is essential for economic and social development, participation in public life and social and territorial cohesion. As connectivity becomes an integral element to European society and welfare, EU-wide coverage should be achieved by relying on imposition by Member States of appropriate coverage requirements, which should be adapted to each area served and limited to proportionate burdens in order not to hinder deployment by service providers. Coverage of the territory as well as connectivity across Member States should be maximised and reliable, with a view to promote in-border and cross-border services and applications such as connected cars and e-health. Therefore, in order to increase regulatory certainty and predictability of investment needs and to guarantee proportionate and equitable connectivity for all citizens, application by competent authorities of coverage obligations should be coordinated at Union level. Considering national specificities, such coordination should be limited to general criteria to be used to define and measure coverage obligations, such as population density or topographical and topological features, in accordance with the principle of technology neutrality.
2017/04/06
Committee: ITRE
Amendment 288 #

2016/0288(COD)

Proposal for a directive
Recital 259
(259) Caller location information improves the level of protection and the security of end-users and assists the emergency services in the discharge of their duties, provided that the transfer of emergency communication and associated data to the emergency services concerned is guaranteed by the national system of PSAPs. The reception and use of caller location information should comply with relevant Union law on the processing of personal data. Undertakings that provide network-based location should make caller location information available to emergency services as soon as the call reaches that service, independently of the technology used. However handset-based location technologies have proven to be significantly more accurate and cost effective due to the availability of data provided by the EGNOS and Galileo Satellite system and other Global Navigation Satellite Systems and Wi-Fi data. Therefore handset-derived caller location information should complement network-based location information even if the handset-derived location may become available only after the emergency communication is set up. Member States should ensure that the PSAPs are able to retrieve and manage the caller location information available. The establishment and transmission of caller location information should be free of charge, where feasible, for both the end-user and the authority handling the emergency communication irrespective of the means of establishment, for example through the handset or the network, or the means of transmission, for example through voice channel, SMS or Internet Protocol-based.
2017/04/06
Committee: ITRE
Amendment 319 #

2016/0288(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 5
(5) 'interpersonal communications service' means a servicn electronic communications service whose primary purpose is to enable normally provided for remuneration that enables direct interpersonal and interactive exchange of information via electronic communications networks between a finite number of persons, whereby the persons initiating or participating in the communication determine its recipient(s); it does not include services which enable interpersonal and interactive communication merely as an a minor ancillary feature that is intrinsically linked to another service;
2017/04/06
Committee: ITRE
Amendment 323 #

2016/0288(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 6
(6) 'number-based interpersonal communications service' means an interpersonal communications service which connects with the public switched telephone network, eitherfor receiving communications by means of an assigned numbering resources, i.e. a number or numbers in national or interment of a number in the national telephone numbering plans, or by enablfor originating communication withs to a number or numbers in national or international telephone numbering plans;
2017/04/06
Committee: ITRE
Amendment 325 #

2016/0288(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 7
(7) 'number-independent interpersonal communications service' means an interpersonal communications service which does not connect with the public switched telephone network, either by means of assigned numbering resources, i.e. a number or numbers in national or interthe national telephone numbering plans, or by enabling communication with a number or numbers in national or international telephone numbering plans; it does not include information society services that allow interpersonal and interactive communication as a secondary feature;
2017/04/06
Committee: ITRE
Amendment 327 #

2016/0288(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 15 a (new)
(15 a) 'subscriber' means any person or legal entity who or which is party to a contract with the provider of publicly available electronic communications services for the supply of such services;
2017/04/06
Committee: ITRE
Amendment 334 #

2016/0288(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 26
(26) 'shared use of radio spectrum' means access by two or more users to use the same frequencies under a defined sharing arrangement, authorised by a national regulatory authority on the basis of a general authorisation, individual rights of use or a combination thereof, including regulatory approaches such as licenced shared access aiming to facilitate the shared use of a frequency band, subject to a binding agreement of all parties involved, in accordance with sharing rules as included in their rights of use so as to guarantee to all users predictable and reliable sharing arrangements, and without prejudice to the application of competition law;
2017/04/06
Committee: ITRE
Amendment 336 #

2016/0288(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 32
(32) 'voice communications’ means a service' means a number-based interpersonal communications service made available to the public for originating and receiving, directly or indirectly, national or national and international calls through a number or numbers in a national or international telephone numbering plan;
2017/04/06
Committee: ITRE
Amendment 379 #

2016/0288(COD)

Proposal for a directive
Article 3 – paragraph 3 – point c
(c) applying EU law in a technologically neutral fashion which neither imposes nor discriminates in favour of the use of a particular type of technology, to the extent that this is consistent with the achievement of the objectives of paragraph 1;
2017/04/06
Committee: ITRE
Amendment 393 #

2016/0288(COD)

Proposal for a directive
Article 4 – paragraph 1
1. Member States shall cooperate with each other and with the Commission in the strategic planning, coordination and harmonisation of the use of radio spectrum in the Union. To this end, they shall, a scarce resource that belongs to the Member States. They might take into consideration, inter alia, the economic, safety, health, public interest, public security and defence, freedom of expression, cultural, scientific, social and technical aspects of EU policies as well as the various interests of radio spectrum user communities with the aim of optimising the use of radio spectrum and avoiding harmful interference.
2017/04/06
Committee: ITRE
Amendment 394 #

2016/0288(COD)

Proposal for a directive
Article 4 – paragraph 2
2. By cooperating with each other and, where appropriate, with the Commission, Member States shall promote the coordination of radio spectrum policy approaches in the European Union and, where appropriate, harmonised conditions with regard to the availability and efficient use of radio spectrum necessary for the establishment and functioning of the internal market in electronic communications.
2017/04/06
Committee: ITRE
Amendment 485 #

2016/0288(COD)

Proposal for a directive
Article 22 – paragraph 4
4. When national regulatory authorities take measures pursuant to paragraph 3, they shall do so according to an efficient, objective, transparent, technologically neutral and non- discriminatory procedure, whereby no undertaking is a priori excluded. Failure to provide information pursuant to paragraph 1(b) or to respond to the call for interest pursuant to paragraph 3 may be considered as misleading information pursuant to Articles 20 or 21.
2017/04/06
Committee: ITRE
Amendment 543 #

2016/0288(COD)

Proposal for a directive
Article 35 – paragraph 2
2. Where a national regulatory authority intends to take a measure which falls within the scope of paragraph 1 (a) to (g), it shall make the draft measure accessible, together with the reasoning on which the measure is based, to BEREC, the Commission and national regulatory authorities in other Member States, at the same time.deleted
2017/04/06
Committee: ITRE
Amendment 623 #

2016/0288(COD)

Proposal for a directive
Article 46 – paragraph 1 – subparagraph 1
Member States shall facilitate the use of radio spectrum, including shared use, under general authorisations and limit the granting of individual rights of use for radio spectrum to situations where such rights are necessary to maximise efficient use in the light of demand and, taking into account the criteria set out in the second subparagraph and the continuity of services already operating in the same radio spectrum. In all other cases, they shall set out the conditions for the use of radio spectrum in a general authorisation.
2017/04/06
Committee: ITRE
Amendment 1059 #

2016/0288(COD)

Proposal for a directive
Article 81 – paragraph 1
1. Where a Member State has duly demonstrated, account taken of the results of the geographical survey conducted in accordance with Article 22(1), that the availability at a fixed location of functional internet access service as defined in accordance with Article 79(2) and of voice communications service canis not becurrently ensured under normal commercial circumstances or through other potential public policy tools, it may impose appropriate universal service obligations to meet all reasonable requests for accessing those services in its territory.
2017/04/06
Committee: ITRE
Amendment 1060 #

2016/0288(COD)

Proposal for a directive
Article 83 – paragraph 1
1. Member States shall ensure that in providing facilities and services additional to those referred to in Article 79, those undertakings providing thevoice communications and internet access services in accordance with Article 79, 81 and 82 establish terms and conditions in such a way that the end-user is not obliged to pay for facilities or services which are not necessary or not required for the service requested.
2017/04/06
Committee: ITRE
Amendment 1068 #

2016/0288(COD)

Proposal for a directive
Article 91 – paragraph 1 – introductory part
1. Member States shall ensure that, where technically and economically feasible, and except where a called end- user has chosen for commercial reasons to limit access by calling parties located in specific geographical areas, national regulatory authorities take all necessary steps to ensure that end-users of voice communications services are able to:
2017/04/06
Committee: ITRE
Amendment 1082 #

2016/0288(COD)

Proposal for a directive
Article 95 – paragraph 6
6. Providers of internet access services and providers of publicly available number-based interpersonalvoice communications services shall offer end- users the facility to monitor and control the usage of each of those services which is billed on the basis of either time or volume consumption. This facility shall include access to timely information on the level of consumption of services included in a tariff plan.
2017/04/06
Committee: ITRE
Amendment 1083 #

2016/0288(COD)

Proposal for a directive
Article 96 – paragraph 1
1. National regulatory authorities shall ensure that the information referred to in Annex VIII is published in a clear, comprehensive and easily accessible form by the undertakings providing publicly available electronvoice communications services other than number-independent interpersonal communications services, or by the national regulatory authority itself. National regulatory authorities may specify additional requirements regarding the form in which such information is to be publishedr publicly available internet access services.
2017/04/06
Committee: ITRE
Amendment 1084 #

2016/0288(COD)

Proposal for a directive
Article 96 – paragraph 2 – subparagraph 1
National regulatory authorities shallmight ensure that end-users have access free of charge to at least one independent comparison tool which enables them to compare and evaluate prices and tariffs, and the quality of service performance of different publicly available electronic communications services other than number-independent interpersonal communications services.
2017/04/06
Committee: ITRE
Amendment 1093 #

2016/0288(COD)

Proposal for a directive
Article 107 – paragraph 1
1. Without prejudice to Article 83(2), Member States shall ensure that national regulatory authorities are able to require all undertakings that provide internet access services and/or publicly available number- based interpersonalvoice communications services to make available all or part of the additional facilities listed in Part B of Annex VI, subject to technical feasibility and economic viability, as well as all or part of the additional facilities listed in Part A of Annex VI.
2017/04/06
Committee: ITRE
Amendment 1098 #

2016/0288(COD)

Proposal for a directive
Annex I – paragraph 1
The conditions listed in this Annex provide the maximum list of conditions which may be attached to general authorisations for electronic communications networks and services, except number-independent interpersonal communications services , (Part A), electronic communications networks (Part B), electronvoice communications services, except number- independent interpersonal communication and internet access services, (Part C), rights to use radio frequencies (Part D) and rights to use numbers (Part E).
2017/04/06
Committee: ITRE
Amendment 1100 #

2016/0288(COD)

Proposal for a directive
Annex I – part A – point 4
4. Enabling of legal interception by competent national authorities where the provider is established or operates an electronic communications network and in conformity with Directive 2002/58/EC and Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data54 . _________________ 54 OJ L 281, 23.11.1995, p. 31 and Directive 2014/41/EU of the European Parliament and of the Council of 3 April 2014 regarding the European Investigation Order in criminal matters.
2017/04/06
Committee: ITRE
Amendment 20 #

2016/0287(COD)

Proposal for a regulation
Citation 1
Hhaving regard to the Treaty on the Functioning of the European Union, and in particular Articles 170 and 172 thereof,
2017/03/06
Committee: ITRE
Amendment 21 #

2016/0287(COD)

Proposal for a regulation
Citation 3 a(new)
having regard to the reasoned opinions of the national parliaments on the issue of subsidiarity;
2017/03/06
Committee: ITRE
Amendment 23 #

2016/0287(COD)

Proposal for a regulation
Recital 1
(1) The Commission Communication setting out a European vision of Internet connectivity for citizens and business in the Digital Single Market 14 describes a number of possible measures capable of enhancing connectivity in the European Union. , although this is not supported by an impact assessment on the long-term effects, taking into account the different situations of the markets of Member States. ____________________ 14 Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions – Connectivity for a Competitive Digital Single Market - Towards a European Gigabit society (COM(2016)587).
2017/03/06
Committee: ITRE
Amendment 44 #

2016/0287(COD)

Proposal for a regulation
Recital 4
(4) Support of this kind should encourage entities with a public mission such as public authorities and providers of public services to offer free local wireless connectivity as an ancillary service to their public mission so as to ensure that local communities can experience the benefits of very high-speed broadband in the centres of public life. Such entities could include municipalities and other local public authoritiebodies, schools, libraries and hospitals.
2017/03/06
Committee: ITRE
Amendment 47 #

2016/0287(COD)

Proposal for a regulation
Recital 5
(5) Local wireless connectivity should only qualify as free where it is provided without corresponding remuneration, whether by direct payment or other types of consideration, including, but not limited to, advertising and the provision of personal data, which may be granted only in exceptional circumstances and justified in terms of public safety. In any case, the provision of personal data should not represent a remuneration for the service.
2017/03/06
Committee: ITRE
Amendment 84 #

2016/0287(COD)

Proposal for a regulation
Recital 11
(11) Given Internet connectivity needs within the Union and the urgency of promoting access networks that can deliver, throughout the EU, an Internet experience of high quality based on very high-speed broadband services, financial assistance should seek to attain a geographically balanced distribution. With that aim in view, and given that the proposal is time-limited, the Commission should provide an assessment of the long- term impact of the proposed measures.
2017/03/06
Committee: ITRE
Amendment 165 #

2016/0286(COD)

Draft legislative resolution
Citation 4 a (new)
– having regard to the reasoned opinion of the Polish Senate,
2017/04/04
Committee: ITRE
Amendment 166 #

2016/0286(COD)

Draft legislative resolution
Citation 4 b (new)
– having regard to the reasoned opinion of the Senate of the Parliament of the Czech Republic,
2017/04/04
Committee: ITRE
Amendment 167 #

2016/0286(COD)

Draft legislative resolution
Citation 4 c (new)
– having regard to the reasoned opinion of the Maltese Parliament,
2017/04/04
Committee: ITRE
Amendment 168 #

2016/0286(COD)

Draft legislative resolution
Citation 4 d (new)
– having regard to the opinion of the German Bundesrat,
2017/04/04
Committee: ITRE
Amendment 182 #

2016/0286(COD)

Proposal for a regulation
Recital 6
(6) In its Resolution of 19 January 2016 ‘Towards a Digital Single Market Act’, the European Parliament called on the Commission to integrate further the digital single market by ensuring that a more efficient institutional framework is in place. It can do this by strengthening the role, capacity and decision-making powers of BEREC in order to allow it to foster the consistent implementation of the regulatory framework for electronic communications, to enable an efficient oversight of BEREC over the development of the single marketin full compliance with the subsidiarity principle, and to help itBEREC to resolve cross-border disputes. The European Parliament also stresses, in this regard, the need to improve theat the necessary financial and human resources and further enhance the governance structure of BERECshould not involve further increases in the Union budget.
2017/04/04
Committee: ITRE
Amendment 185 #

2016/0286(COD)

Proposal for a regulation
Recital 7
(7) BEREC and the BEREC Office have made a positive contribution towards a consistent implementation of the regulatory framework for electronic communications. Notwithstanding, there are still significant disparities between Member States as regards regulatory practice. Moreover, the governance structure of BEREC and the BEREC Office is cumbersome and gives rise to unnecessary administrative burden. In order to ensure efficiency gains and synergies and to further contribute to the development of the internal market for electronic communications throughout the Union as well as to the promotion of access to, and take-up of, very high capacity data connectivity, competition in the provision of electronic communications networks, services and associated facilities and the interests of the citizens of the Union, this regulation aims to strengthen the role of BEREC and enhance its governance structure by establishing BEREC as a Union decentralised agency. This also corresponds to the need to reflect the significantly enhanced role played by BEREC following Regulation (EC) No 531/2012 which establishes tasks for BEREC in relation to Union-wide roaming, Regulation (EU) No 2015/2120 which establishes tasks for BEREC in relation to open internet access and Union-wide roaming, and the Directive which establishes a significant number of new tasks for BEREC such as issuing decisions and guidelines on several topics, reporting on technical matters, keeping registers and delivering opinions on internal market procedures for draft national measures on market regulation as well as on assignments of rights of use for radio spectrum.
2017/04/04
Committee: ITRE
Amendment 191 #

2016/0286(COD)

Proposal for a regulation
Recital 8
(8) The need for the regulatory framework for electronic communications to be consistently applied in all Member States is essential for the successful development of an internal market for electronic communications throughout the Union and the promotion of access to, and take-up of, very high capacity data connectivity, of competition in the provision of electronic communications networks, services and associated facilities and of the interests of the citizens of the Union. In view of market and technological developments, which often entails an increased cross-border dimension, and to the experience so far in ensuring a consistent implementation in the electronic communications field, it is necessary to buillend continuity to the work of BEREC and the BEREC Office and further develop them into a fully-fledged agency.
2017/04/04
Committee: ITRE
Amendment 192 #

2016/0286(COD)

Proposal for a regulation
Recital 9
(9) The agency should be governed and operated in line with the principles of the Joint Statement of the European Parliament, the Council and the European Commission of 19 July 2012 on decentralised agencies (‘Common Approach’)28. Due to the established image of BEREC and the costs that a modification of its name would entail, the new agency should retain the name of BEREC. _________________ 28Joint Statement of the Parliament, Council and the Commission on decentralised agencies of 19 July 2012.deleted
2017/04/04
Committee: ITRE
Amendment 194 #

2016/0286(COD)

Proposal for a regulation
Recital 10
(10) BEREC, as a technical body with expertise on electronic communications and composed of representatives from NRAs and the Commission, is best placed to be entrusted with tasks such as deciding on certain issues with a cross-border dimension, contributing to efficient internal market procedures for draft national measures (both as regards market regulation and assignments of rights of use for radio spectrum), providing the necessary guidelines to NRAs in order to ensure common criteria and a consistent regulatory approach, and keeping certain registries at Union level. This is without prejudice to the tasks established for NRAs, which are closest to the electronic communications markets and their local conditions. In order to carry out its tasks, the agency would require adequate financial and human resources and would alsoBEREC will continue theo pooling of expertise from NRAs.
2017/04/04
Committee: ITRE
Amendment 201 #

2016/0286(COD)

Proposal for a regulation
Recital 12
(12) Compared to the situation in the past where both a Board of Regulators and a Management Committee were running in parallel, having a single board giving general orientations for the activities of BEREC, deciding on regulatory and operational as well as on administrative and budgetary management matters should help improving the efficiency, coherence and performance of the agency. To this end, the Management Board should carry the relevant functions and should consist, in addition of two representatives of the Commission, of the Head, or otherwise a member of the collegiate body, of each NRA, who are protected by dismissal requirements.deleted
2017/04/04
Committee: ITRE
Amendment 216 #

2016/0286(COD)

Proposal for a regulation
Recital 16
(16) The role of the Executive Director, who would be the legal representative of BEREC, is crucial for theits adequate functioning of the new agency and the implementation of the tasks assigned to it. The Management Board should appoint him/her on the basis of a list drawn up by the CommissionNRAs following an open and transparent selection procedure in order to guarantee a rigourous evaluation of the candidates and a high level of independence. Moreover, in the past the term of office of the Administrative Manager of the BEREC Office was three years. It is necessary that the Executive Director has a sufficiently long mandate in order to ensure stability and delivery of a long-term strategy for the agency.
2017/04/04
Committee: ITRE
Amendment 220 #

2016/0286(COD)

Proposal for a regulation
Recital 17
(17) Experience has shown that most of BEREC’s tasks are better carried out through working groups, therefore the Management Board should be in charge of setting up working groups and appointing their members. In order to ensure a balanced approach, the working groups should be coordinated and moderated by members of the BEREC staff. Lists of qualified experts should be prepared in advance to ensure a quick set-up of certain working groups, in particular those related to internal market procedures for draft national measures on market regulation and on assignments of rights of use for radio spectrum, due to the time limits of those procedures.
2017/04/04
Committee: ITRE
Amendment 230 #

2016/0286(COD)

Proposal for a regulation
Recital 21
(21) BEREC should be independent as regards operational and technical matters and should enjoy legal, administrative and financial autonomy. To that end, it is necessary and appropriate that BEREC should be a body of the Union having legal personality and exercising the powers conferred upon itIt should also act as a liaison body for NRAs in order to ensure a long-term legal framework.
2017/04/04
Committee: ITRE
Amendment 232 #

2016/0286(COD)

Proposal for a regulation
Recital 22
(22) As a Union decentralised agency, BEREC should operate within its mandate and the existing institutional framework. It should not be seen as representing a Union position to an outside audience or as committing the Union to legal obligations.deleted
2017/04/04
Committee: ITRE
Amendment 235 #

2016/0286(COD)

Proposal for a regulation
Recital 23
(23) In order to further extend the consistent implementation of the provisions of the regulatory framework for electronic communications within the scope of BEREC, the new agency, BEREC and the BEREC Office should be open to the participation of regulatory authorities of third countries competent in the field of electronic communications that have entered into agreements with the Union to that effect, in particular those of EEA EFTA States and candidate countries.
2017/04/04
Committee: ITRE
Amendment 241 #

2016/0286(COD)

Proposal for a regulation
Recital 28
(28) The BEREC Office, which was established as a Community body with legal personality by Regulation (EC) No 1211/2009, is succeeded byshould cooperate closely with BEREC as regards all ownership, agreements, legal obligations, employment contracts, financial commitments and liabilities. BEREC should take over the staff of the BEREC Office whose rights and obligations should not be affected,
2017/04/04
Committee: ITRE
Amendment 242 #

2016/0286(COD)

Proposal for a regulation
Article 1 – paragraph 1
1. The Body of European Regulators for Electronic Communications (‘BEREC’) isand the ‘BEREC Office’ are hereby established.
2017/04/04
Committee: ITRE
Amendment 251 #

2016/0286(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point a
(a) assist, advise and cooperate with the Commission as well as NRAs, on request or on its own initiative, on any technical matter within its mandate, and assist and advise the European Parliament and the Council on request; promote competition and investments; protect end-users;
2017/04/04
Committee: ITRE
Amendment 300 #

2016/0286(COD)

Proposal for a regulation
Article 3 – paragraph 1 – indent 2
– an Executive Director, whicho shall exercise the responsibilities set out in Article 9;
2017/04/04
Committee: ITRE
Amendment 329 #

2016/0286(COD)

Proposal for a regulation
Article 8 – paragraph 4
4. The Executive Director shall not take part in the voting.
2017/04/04
Committee: ITRE
Amendment 333 #

2016/0286(COD)

Proposal for a regulation
Chapter 2 – section 2 – title
EXECUTIVE DIRECTOR DIRECTOR (This amendment replaces the term ‘Executive Director’ with ‘Director’ throughout the text).
2017/04/04
Committee: ITRE
Amendment 347 #

2016/0286(COD)

Proposal for a regulation
Article 9 – paragraph 4
4. The Executive Director shall be the legal representative of BEREC.deleted
2017/04/04
Committee: ITRE
Amendment 358 #

2016/0286(COD)

Proposal for a regulation
Article 9 – paragraph 6
6. The Executive Director shall also be responsible for deciding whether it is necessary for the purpose of carrying out BEREC’s tasks in an efficient and effective manner to locate one or more staff in one or more Member States. The decision to establish a local office requires the prior consent of the Commission, the Management Board and the Member State(s) concerned. The decision shall specify the scope of the activities to be carried out at the local office in a manner that avoids unnecessary costs and duplication of administrative functions of BEREC.deleted
2017/04/04
Committee: ITRE
Amendment 407 #

2016/0286(COD)

Proposal for a regulation
Article 24 – paragraph 1
1. BEREC shall be a body of the Union. It shall have legal personality.deleted
2017/04/04
Committee: ITRE
Amendment 16 #

2016/0284(COD)

Proposal for a regulation
Recital 1
(1) In order to contribute to the functioning of the internal market, it is necessary to provide for wider dissemination of television and radio programmes originating in other Member States for the benefit of users across the Union by facilitating licensing of copyright and related rights in works and other protected subject-matter contained in broadcasts of such programmes. Indeed, television and radio programmes are important means of promoting cultural and linguistic diversityeducation, social cohesion and access to information.
2017/05/03
Committee: ITRE
Amendment 28 #

2016/0284(COD)

Proposal for a regulation
Recital 3
(3) A number of barriers hinder the provision of online services which are ancillary to broadcasts and the provision of retransmission services and thereby the free circulation of television and radio programmes within the Union. Broadcasting organisations transmit daily many hours of news, cultural, political, documentary or entertainment programmes. These programmes incorporate a variety of content such as audiovisual, musical, literary or graphic works, which is protected by copyright and/or related rights under Union law. That results in a complex process to clear rights from a multitude of right holders and for different categories of works and other protected subject matter. Often the rights need to be cleared in a short time-frame, in particular when preparing programmes such as news or current affairs. In order to make their online services available across borders, broadcasting organisations need to have the required rights to works and other protected subject matter for all the relevant territories, which further increases the complexity of thecomplicates rights' clearance.
2017/05/03
Committee: ITRE
Amendment 30 #

2016/0284(COD)

Proposal for a regulation
Recital 4
(4) Operators of retransmission services, that normally offer multiple programmes which use a multitude of works and other protected subject matter included in the retransmitted television and radio programmes, have a very short time- frame for obtaining the necessary licences and hence also face a significant rights clearing burdenrights and licences. There is also a risk for right holders of having their works and other protected subject matter exploited without authorisation or payment of remuneration.
2017/05/03
Committee: ITRE
Amendment 36 #

2016/0280(COD)

Proposal for a directive
Recital 13 a (new)
(13 a) Where information society service providers store and provide access to the public to copyright protected works or other subject-matter uploaded by their users, therefore going beyond the mere provision of physical facilities and performing an act of communication to the public, as well as an act of reproduction, they are obliged to conclude licensing agreements with rightholders, unless they are eligible for the liability exemption provided in Article 14 of Directive 2000/31/EC of the European Parliament and of the Council.
2017/04/05
Committee: ITRE
Amendment 54 #

2016/0280(COD)

Proposal for a directive
Recital 21
(21) For the purposes of this Directive, works and other subject-matter should be considered to be permanently in the collection of a cultural heritage institution or educational establishment when copies are owned or permanently held by the cultural heritage institution, for example as a result of a transfer of ownership or licence agreements.
2017/04/05
Committee: ITRE
Amendment 61 #

2016/0280(COD)

Proposal for a directive
Recital 30
(30) To facilitate the licensing of rights in audiovisual works to video-on-demand platforms, this Directive requires Member States to set up a negotiation mechanism allowing parties willing to conclude an agreement, including authors, to rely on the assistance of an impartial body. The body should meet with the parties and help with the negotiations by providing professional and external advice. Against that background, Member States should decide on the conditions of the functioning of the negotiation mechanism, including the timing and duration of the assistance to negotiations and the bearing of the costs. Member States should ensure that administrative and financial burdens remain proportionate to guarantee the efficiency of the negotiation forum.
2017/04/05
Committee: ITRE
Amendment 71 #

2016/0280(COD)

Proposal for a directive
Recital 33
(33) For the purposes of this Directive, it is necessary to define the concept of press publication in a way that embraces only journalistic publications, published by a service provider, periodically or regularly updated in any media, for the purpose of informing or entertaining. Such publications would include, for instance, daily newspapers, weekly or monthly magazines of general or special interest and news websites. Periodical publications which are published for scientific or academic purposes, such as scientific journals, should not be covered by the protection granted to press publications under this Directive. This protection does not extend to acts of hyperlinking which do not constitute communication to the public.
2017/04/05
Committee: ITRE
Amendment 88 #

2016/0280(COD)

Proposal for a directive
Recital 37
(37) OAcknowledges that over the last years, the functioning of the online content marketplace has gained in complexity. Online services providing access to copyright protected content uploaded by their users without the involvement of right holders have flourished and have become main sources of access to content online. This affects rightholders' possibilities to determine whether, and under which conditions, their work and other subject- matter are used as well as their possibilities to get an appropriate remuneration for it.
2017/04/05
Committee: ITRE
Amendment 121 #

2016/0280(COD)

Proposal for a directive
Recital 39
(39) CWelcomes collaboration between information society service providers storing and providing access to the public to large amounts of copyright protected works or other subject-matter uploaded by their users and rightholders is essential for the functioning of technologies, such as content recognition technologies. In such cases, rightholders should provide the necessary data to allow the services to identify their content and the services should be transparent towards rightholders with regard to the deployed technologies, to allow the assessment of their appropriateness. The services should in particular provide rightholders with information on the type of technologies used, the way they are operated and their success rate for the recognition of rightholders' content. Those technologies should also allow rightholders to get information from the information society service providers on the use of their content covered by an agreement.
2017/04/05
Committee: ITRE
Amendment 125 #

2016/0280(COD)

Proposal for a directive
Recital 41
(41) When implementing transparency obligations, the specificities of different content sectors and of the rights of the authors and performers in each sector should be considered. Member States should consultall ensure that the representative organisations of all relevant stakeholders as that should help determine sector-specific requirements. Collective bargaining should be considered as an option to reach an agreement between the relevant stakeholders regarding transparency. To enable the adaptation of current reporting practices to the transparency obligations, a transitional period should be provided for. The transparency obligations do not need to apply to agreements concluded with collective management organisations as those are already subject to transparency obligations under Directive 2014/26/EU.
2017/04/05
Committee: ITRE
Amendment 165 #

2016/0280(COD)

Proposal for a directive
Article 4 – paragraph 1 – point b
(b) is accompanied by the indication of the source, including the author's name, unless this turns out to be impossiblewhere this is possible with a reasonable effort.
2017/04/05
Committee: ITRE
Amendment 180 #

2016/0280(COD)

Proposal for a directive
Article 4 – paragraph 4
4. Member States mayshould provide for fair compensation for the harm incurred by the rightholders due to the use of their works or other subject-matter pursuant to paragraph 1.
2017/04/05
Committee: ITRE
Amendment 235 #

2016/0280(COD)

Proposal for a directive
Article 14 – paragraph 1
1. Member States shall ensure that authors and performers receive on a regular basis and no less tan once a year and taking into account the specificities of each sector, timely, adequate, accurate and sufficient information on the exploitation of their works and performances from those to whom they have licensed or transferred their rights as well as subsequent transferees or licensees, notably as regards modes of exploitation, revenues generated and remuneration due.
2017/04/05
Committee: ITRE
Amendment 241 #

2016/0280(COD)

Proposal for a directive
Article 14 – paragraph 2
2. The obligation in paragraph 1 shall be proportionate and effective and shall ensure an appropriatehigh level of transparency in every sector, as well as a right of authors to audit. However, in those cases where the administrative burden resulting from the obligation would be disproportionate in view of the revenues generated by the exploitation of the work or performance, Member States may adjust the obligation in paragraph 1, provided that the obligation remains effective and ensures an appropriate level of transparency.
2017/04/05
Committee: ITRE
Amendment 246 #

2016/0280(COD)

Proposal for a directive
Article 14 – paragraph 3
3. Member States may decide that the obligation in paragraph 1 does not apply when the contribution of the author or performer is not significantmarginal having regard to the overall work or performance.
2017/04/05
Committee: ITRE
Amendment 255 #

2016/0280(COD)

Proposal for a directive
Article 16 – paragraph 1 a (new)
Proceedings in respect of a dispute may also be brought on behalf of authors and performers by their representative organisations, whether collective management organisations, unions or guilds.
2017/04/05
Committee: ITRE
Amendment 19 #

2016/0276(COD)

Proposal for a regulation
Recital 1
(1) Since the Investment Plan for Europe was presented in November 20143 , the conditions for an uptake in investment have improved and confidence in Europe’s economy and growth are returning. The Union is now in its fourth year of moderate recovery, with Gross Domestic Product growing at 2% in 2015. The comprehensive efforts initiated with the Investment Plan are already delivering concrete results, despite the fact that macroeconomic effects of larger investment projects cannot be immediate. Investment is expected to pick up gradually throughout 2016 and 2017 although it remains below historical levels. _________________ 3 COM(2014) 903 final. COM(2014) 903 final.
2017/03/29
Committee: CONT
Amendment 25 #

2016/0276(COD)

Proposal for a regulation
Recital 2
(2) That positive momentum should be maintained and efforts need to be continued to bring investment back to its long-term sustainable trend. The mechanisms of the Investment Plan work and should be reinforced to continue the mobilisation of private investments in sectors important to Europe's future and where market failures or sub-optimal investment situations remain, without losing attention to institutional and sectoral problems which cause such market failures and sub-optimal investment situations.
2017/03/29
Committee: CONT
Amendment 30 #

2016/0276(COD)

Proposal for a regulation
Recital 4
(4) The EFSI, implemented and co- sponsored by the EIB Group, is firmly on track to deliver the objective of mobilising at least EUR 315 billion in additional investments in the real economy by mid- 2018. The market absorption has been particularly quick under the SME Window where the EFSI is delivering well beyond expectations. In July 2016 the SME Window was thus scaled-up by EUR 500 million within the existing parameters of Regulation (EU) No 2015/1017. A larger share of financing to be geared towards SMEs given the exceptional market demand for SME financing under the EFSI: 40% of the increased risk bearing capacity of the EFSI should be geared towards increasing access to financing for SMEs.
2017/03/29
Committee: CONT
Amendment 34 #

2016/0276(COD)

(6) The EFSI was established for an initial period of three years and with the aim of mobilising at least EUR 315 billion in investments. Given its success, tThe Commission is committed to the doubling of the EFSI, both in terms of duration and financial capacity. The legal extension covers the period of the current Multiannual Financial Framework and should provide a total of at least half a trillion euro investments by 2020. In order to enhance the firepower of the EFSI even further and reach the aim of doubling the investment target, Member States should also contribute as a matter of priority.
2017/03/29
Committee: CONT
Amendment 38 #

2016/0276(COD)

Proposal for a regulation
Recital 1
(1) Since the Investment Plan for Europe was presented in November 20143, the conditions for an uptake in investments have improved and confidence in Europe’s economy and growth areis returning. The Union is now in its fourth year of moderate recoveryupturn, with Gross Domestic Product growing at 2% in 2015. The comprehensive efforts initiated with the Investment Plan are already delivering concrete results, despite the fact that macroeconomic effects of larger investment projects cannot be immediatemeasured only with a time lag. Investment is expected to pick up gradually throughout 2016 and 2017 although it remains below historical levels. __________________ 3 COM(2014) 903 final. COM(2014) 903 final.
2017/03/02
Committee: ITRE
Amendment 44 #

2016/0276(COD)

Proposal for a regulation
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union's ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
2017/03/29
Committee: CONT
Amendment 49 #

2016/0276(COD)

Proposal for a regulation
Recital 10
(10) Due to their potential to increase the efficiency of the EFSI intervention, blending operations combining non- reimbursable forms of support and/or financial instruments from the Union budget, such as those available under the Connecting Europe Facility, and financing from EIB Group, including EIB financing under the EFSI, as well as other investors should be encouraged. Blending aims to enhance the value added of Union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable.deleted
2017/03/29
Committee: CONT
Amendment 51 #

2016/0276(COD)

Proposal for a regulation
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged.deleted
2017/03/29
Committee: CONT
Amendment 54 #

2016/0276(COD)

Proposal for a regulation
Recital 8
(8) The extended EFSI should address remaining market failures and sub- optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union’s ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion countryisation. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
2017/03/02
Committee: ITRE
Amendment 55 #

2016/0276(COD)

Proposal for a regulation
Recital 12
(12) For the full investment period, the Union should provide a Union guarantee (the 'EU guarantee') which should not, at any time, exceed EUR 26 000 000 000 in order to enable the EFSI to support investments, of which a maximum of EUR 16 000 000 000 should be available prior to 6 July 2018.deleted
2017/03/29
Committee: CONT
Amendment 57 #

2016/0276(COD)

Proposal for a regulation
Recital 13
(13) It is expected that when the EU guarantee is combined with the EUR 7 500 000 000 to be provided by the EIB, the EFSI support should generate EUR 100 000 000 000 additional investment by the EIB and EIF. The amount of EUR 100 000 000 000 supported by the EFSI is expected to generate at least EUR 500 000 000 000 of additional investment in the real economy by the end of 2020.deleted
2017/03/29
Committee: CONT
Amendment 59 #

2016/0276(COD)

Proposal for a regulation
Recital 14
(14) In order to partly finance the contribution from the general budget of the Union to the EU guarantee fund for the additional investments to be made, a transfer should be made from the available envelope of the Connecting Europe Facility (CEF), provided for in Regulation (EU) No 1316/2013 of the European Parliament and of the Council4 . Moreover, EUR 1 145 797 000 of appropriations should be transferred from the CEF financial instruments to the grant part of the CEF with a view to facilitating blending with the EFSI or to other relevant instruments, in particular those dedicated to energy efficiency. _________________ 4Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010, OJ L 348, 12.2013, p. 129.deleted
2017/03/29
Committee: CONT
Amendment 62 #

2016/0276(COD)

Proposal for a regulation
Recital 15
(15) On the basis of the experience acquired with the investments supported by the EFSI, the target amount of the guarantee fund should be brought to 35 % of the total EU guarantee obligations ensuring an adequate level of protection.deleted
2017/03/29
Committee: CONT
Amendment 70 #

2016/0276(COD)

Proposal for a regulation
Recital 21
(21) The European Investment Advisory Hub (EIAH) should be enhanced and its activities should focus on needs not covered adequately under current arrangements. It should pay particular attention to supporting the preparation of projects involving two or more Member States and projects that contribute to achieving the objectives of COP21. Notwithstanding its objective to build upon existing advisory services of the EIB and the Commission, so to act as a single technical advisory hub for project financing within the Union, the EIAH should also contribute actively to the objective of sectorial and geographical diversification of the EFSI and support the EIB where needed in originating projects. It should also actively contribute to the establishment of investment platforms and provide advice on the combination of other sources of Union funding with the EFSI.deleted
2017/03/29
Committee: CONT
Amendment 81 #

2016/0276(COD)

Proposal for a regulation
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged.steps must be taken to also make the EFSI known to a broader public and accessible for investment projects in Member States with less-developed and transition regions;
2017/03/02
Committee: ITRE
Amendment 98 #

2016/0276(COD)

Proposal for a regulation
Recital 18
(18) With a view to enhancing the transparency of EFSI operations, the Investment Committee should explain in its decisions, which are made public and accessible, the reasons why it deems that an operation should be granted the EU guarantee, with particular focus on compliance with the additionality criterion. The scoreboard of indicators should be made public on the EIB’s EFSI website once an operation under the EU guarantee is signed.
2017/03/02
Committee: ITRE
Amendment 104 #

2016/0276(COD)

Proposal for a regulation
Recital 21
(21) The European Investment Advisory Hub (EIAH) should be enhanced and its activities should focus on needs not covered adequately under current arrangements. It should pay particular attention to supporting the preparation of projects involving two or more Member States and projects that contribute to achieving the objectives of COP21. Notwithstanding its objective to build upon existing advisory services of the EIB and the Commission, so to act as a single technical advisory hub for project financing within the Union, the EIAH should also contribute actively to the objective of sectorial and geographical diversification of the EFSI and support the EIB where needed in originating projects. It should also actively contribute to the establishment of investment platforms and provide advice on the combination of other sources of Union funding with the EFSI. Notes however that the EIAH has already dealt with some 230 requests from 27 Member States and the EIPP has already published more than 100 investment projects since its launch on 1 June 2016.
2017/03/02
Committee: ITRE
Amendment 107 #

2016/0276(COD)

Proposal for a regulation
Recital 21
(21) The European Investment Advisory Hub (EIAH) should be enhanced and its activities should focus on needs not covered adequately under current arrangements. It should pay particularalso pay attention to supporting the preparation of projects involving two or more Member States and projects that contribute to achieving the objectives of COP21. Notwithstanding its objective to build upon existing advisory services of the EIB and the Commission, so to act as a single technical advisory hub for project financing within the Union, the EIAH should also contribute actively to the objective of sectorial and geographical diversification of the EFSI and support the EIB where needed in originating projects. It should also actively contribute to the establishment of investment platforms and provide advice on the combination of other sources of Union funding with the EFSI.
2017/03/02
Committee: ITRE
Amendment 108 #

2016/0276(COD)

Proposal for a regulation
Recital 21 a (new)
(21a) Recalls that the advisory hub has been established to help project promoters to develop their projects so that they fulfil the eligibility criteria according to the EFSI regulation; calls on the EIB, EFSI and advisory hub to prioritise on efficient and effective communication with promoters with a view to maximising the benefits that the latter can bring in overcoming investment barriers;
2017/03/02
Committee: ITRE
Amendment 112 #

2016/0276(COD)

Proposal for a regulation
Recital 21 b (new)
(21b) Notes that one entity can receive resources from both ESI Funds and EFSI for the same project if the respective conditions are met, underlines that this practice opens the door to confusion, misunderstanding and possibly abuse; instructs the Commission to investigate and report on such projects; calls on the Commission to take the necessary measures against possible abuse of ESI Funds and EFSI resources for political purposes; calls on the Commission to investigate and scrutinise possible ties between projects and politicians and political pressure groups;
2017/03/02
Committee: ITRE
Amendment 146 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – subparagraph 1 a
(b) in paragraph 2, the following subparagraph is added: ‘The EIB shall target that at least 40 % of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action, in line with the COP21 commitments. The Steering Board shall provide detailed guidance to that end.’deleted
2017/03/02
Committee: ITRE
Amendment 170 #

2016/0276(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point a – point ii
Regulation (EU) 2015/1017
Article 14 – paragraph 1 – subparagraph 2
It shall also support the preparation of climate action and circular economy projects or components thereof, in particular in the context of COP21, the preparation of projects in the digital sector, as well as the preparation of projects referred to in the fifth subparagraph of Article 5(1).
2017/03/02
Committee: ITRE
Amendment 28 #

2016/0265(COD)

Proposal for a regulation
Recital 1
(1) Reliable and relevant evidence based on European statistics is absolutely essential to measuring the progressimpact and evaluating the efficiency of the Union’s policies and programmes, especially in the context of the Europe 2020 strategy and the Agenda for jobs, growth, fairness and democratic change.
2017/02/09
Committee: ECON
Amendment 42 #

2016/0265(COD)

Proposal for a regulation
Recital 5
(5) Better statistics are therefore crucial to achieving better results and contributing to a better Europe, and greater efforts should be made to boost investments in official statistics at both European and national levels. This should provide guidance in priority policy areas and for capacity-building, in addition to current guidance and ongoing re-prioritisation. More specifically, action should be taken to tackle the most urgent statistical gaps, increase timeliness and support political priorities and economic policy coordination through the European Semester. The Commission (Eurostat) should also provide new population projections in close cooperation with the national statistical institutes to update the analysis of the economic and budgetary implications of population ageing and demographic evolutions.
2017/02/09
Committee: ECON
Amendment 43 #

2016/0265(COD)

Proposal for a regulation
Recital 6
(6) Experimental ecosystem accounts and climate-change statistics, including those relevant to climate-change adaptation and ‘footprints’, should be further developed, particularly in support of the implementation of the 2015 Paris Agreement and the 2030 Agenda for Sustainable Development. The European Energy Union and the 2030 framework for climate and energy, which aims to make the Union’s economy and energy system more competitive, secure and sustainable, will require new statistics on energy consumption, energy efficiency, renewable energies, energy dependence and security of supply.deleted
2017/02/09
Committee: ECON
Amendment 57 #

2016/0265(COD)

Proposal for a regulation
Recital 10
(10) Since the objective of this Regulation, namely to extend the European statistical programme to cover the years 2018 to 2020, cannot be sufficiently achieved by the Member States andbut can ratherefore by reason of scale or effects be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective.
2017/02/09
Committee: ECON
Amendment 66 #

2016/0231(COD)

Proposal for a regulation
Recital 14
(14) As a means to enhance the overall cost-effectiveness of total reductions, Member States should be able to transfer part of their annual emission allocation to other Member States. The transparency of such transfers should be ensured and may be carried out in a manner that is mutually convenient, including by means of auctioning, the use of market intermediaries acting on an agency basis, or by way of bilateral arrangements.
2017/01/17
Committee: ITRE
Amendment 99 #

2016/0231(COD)

Proposal for a regulation
Article 4 – paragraph 4
4. This implementing act shall also specify, based on the percentages notified by Member States under Article 6(2), the quantities that may be taken into account for their compliance under Article 9 between 2021 and 2030. If the sum of all Member States' quantities were to exceed the collective total of 100 million, the quantities for each Member State shall be reduced on a pro rata basis so that the collective total is not exceeded.
2017/01/17
Committee: ITRE
Amendment 107 #

2016/0231(COD)

Proposal for a regulation
Article 5 – paragraph 2
2. In respect of the years 2021 to 2029, a Member State may borrow a quantity of up to 5% frompart of its annual emission allocation for the following year.
2017/01/17
Committee: ITRE
Amendment 112 #

2016/0231(COD)

Proposal for a regulation
Article 5 – paragraph 4
4. A Member State may transfer up to 5% of its annual emission allocation for a given year to other Member States. The receiving Member State may use this quantity for compliance under Article 9 for the given year or for subsequent years until 2030.
2017/01/17
Committee: ITRE
Amendment 140 #

2016/0231(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point a
(a) actions that the Member State shall implement in order to meet its specific obligations under Article 4, through domestic policies and measures and the implementation of Union action;
2017/01/17
Committee: ITRE
Amendment 147 #

2016/0231(COD)

Proposal for a regulation
Article 9 – paragraph 2
2. If the greenhouse gas emissions of a Member State in either the period from 2021 to 2025 or the period from 2026 to 2030 under Regulation [ ] exceeded its greenhouse gas removals, as determined in accordance with Article 12 of that Regulation, there shall be a deduction from that Member State's annual emission allocations equal to the amount in tonnes of CO2 equivalent of those excess greenhouse gas emissions for the relevant years.deleted
2017/01/17
Committee: ITRE
Amendment 67 #

2016/0230(COD)

Proposal for a regulation
Recital 17
(17) To facilitate data collection and methodology improvement, land use should be inventoried and reported using geographical tracking of each land area, corresponding to national and EU data collection systems. The best use shall be made of existing Union and Member State programmes and surveys including the LUCAS Land Use Cover Area frame Survey and the European Earth observation programme Copernicus - and here in particular through Sentinel-2 - for data collection. Data management, including sharing for the reporting reuse and dissemination should conform to Directive 2007/2/EC of the European Parliament and of the Council of 14 March 2007 establishing an Infrastructure for Spatial Information in the European Community.
2017/03/28
Committee: ITRE
Amendment 86 #

2016/0230(COD)

Proposal for a regulation
Article 4 – paragraph 1
For the period from 2021 to 2025 and from 2026 to 2030, taking into account the flexibilities provided for in Article 11, each Member State shallould ensure that emissions do not exceed removals, calculated as the sum of total emissions and removals on their territory in the land accounting categories referred to in Article 2 combined, as accounted in accordance with this Regulation.
2017/03/28
Committee: ITRE
Amendment 83 #

2016/0107(COD)

Proposal for a directive
Recital 8
(8) The report on income tax information should provide information concerning all the activities of an undertaking or of all the affiliated undertakings of a group controlled by an ultimate parent undertaking. The information should be based on the reporting specifications of BEPS’ Action 13 and should be limited to what is necessary to enable effective public scrutiny, in order to ensure that disclosure does not give rise to disproportionate risks or disadvantages. The report should also include a brief description of the nature of the activities. Such description might be based on the categorisation provided for in table 2 of the Annex III of Chapter V of the OECD “Transfer Pricing Guidelines on Documentation”. The report should include an overall narrative providing explanations in case of material discrepancies at group level between the amounts of taxes accrued and the amounts of taxes paid, taking into account corresponding amounts concerning previous financial years.deleted
2017/03/21
Committee: ECONJURI
Amendment 122 #

2016/0107(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Chapter 10 a – Article 48 b – paragraph 1 – subparagraph 2
The report on income tax information shall be made accessible to the public on the website of the undertaking on the date of its publication.deleted
2017/03/21
Committee: ECONJURI
Amendment 132 #

2016/0107(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Chapter 10 a – Article 48 b – paragraph 3 – subparagraph 1
Member States shall require the medium- sized and large subsidiary undertakings referred to in Article 3(3) and (4) which are governed by their national laws and controlled by an ultimate parent undertaking which has a consolidated net turnover exceeding EUR 750 000 000 and which is not governed by the law of a Member State, to publish the report on income tax information of that ultimate parent undertaking on an annual basis.deleted
2017/03/21
Committee: ECONJURI
Amendment 153 #

2016/0107(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Chapter 10 a – Article 48 b – paragraph 5 – point a
(a) the undertaking which opened the branch is either an affiliated undertaking of a group which is controlled by an ultimate parent undertaking not governed by the law of a Member State and which has a consolidated net turnover exceeding EUR 750 000 000 or an undertaking that is not an affiliated and which has a net turnover exceeding EUR 750 000 000;deleted
2017/03/21
Committee: ECONJURI
Amendment 233 #

2016/0107(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
Directive 2013/34/EU
Chapter 10 a – Article 48 c – paragraph 5
(5) The report on income tax information shall be published and made accessible on the website in at least one of the official languages of the Union.deleted
2017/03/21
Committee: ECONJURI
Amendment 186 #

2016/0030(COD)

Proposal for a regulation
Recital 9
(9) In a spirit of solidarity, regional cooperation, involving both public authorities and natural gas undertakings, should be the guiding principle of this Regulation, to identify the relevant risks in each regionegional risks and optimise the benefits of coordinated measures to mitigate them and to implement the most cost-effective measures for Union consumers.
2016/06/20
Committee: ITRE
Amendment 215 #

2016/0030(COD)

Proposal for a regulation
Recital 18
(18) The regions are to be defined, as far as possible, on the basis of existing regional cooperation structures set up by the Member States and the Commission, in particular the regional groups set up under Regulation (EU) 347/2013 on guidelines for trans-European energy infrastructure17 (the TEN-E Regulation). However, since this Regulation and the TEN-E Regulation have different aims, the respective regional groups may differ in size and design. __________________ 17Regulation (EU) No 347/2013 of the European Parliament and of the Council of 17 April 2013 on guidelines for trans- European energy infrastructure and repealing Decision No 1364/2006/EC and amending Regulation (EC) No 713/2009, (EC) 714/2009 and (EC) No 715/2009 (OJ EU L 115 of 25.4.2013, p. 39).deleted
2016/06/20
Committee: ITRE
Amendment 222 #

2016/0030(COD)

Proposal for a regulation
Recital 19
(19) For the purpose of this Regulation, the following criteria should therefore be taken into account when defining the regional groups: supply patterns, existing and planned interconnections and interconnection capacity between Member States, market development and maturity, existing regional cooperation structures, and the number of Member States in a region, which should be limited to ensure that the group remains of a manageable size.deleted
2016/06/20
Committee: ITRE
Amendment 235 #

2016/0030(COD)

Proposal for a regulation
Recital 20
(20) In order to make the regional cooperation feasible, Member States connected directly or in certain circumstances indirectly through a non- EU Member State should establish a cooperation mechanism within each region. Such mechanism or mechanisms should be developed sufficiently in time to allow for conducting the risk assessment and drawing up meaningful plans at regional level. Member States are free to agree on a cooperation mechanism best suited for a given regiontheir grouping. The Commission should have a facilitating role in the overall process and share best practises for arranging regional cooperation such as a rotating coordination role within the region for the preparation of the different documents or establishing dedicated bodies. In absence of an agreement on the cooperation mechanism, the Commission may propose a suitable cooperation mechanism for a given region. roup of connected Member States.
2016/06/20
Committee: ITRE
Amendment 245 #

2016/0030(COD)

Proposal for a regulation
Recital 21
(21) When conducting a comprehensive risk assessment to be prepared at regional level, competent authorities should assess natural, technological, commercial, financial, social, political and market- related risks, and any other relevant ones, including, where appropriate, the disruption of the supplies from the single largest supplier. All risks should be addressed by effective, proportionate and non-discriminatory measures to be developed in the preventive action plan and the emergency plan. The results of the risk assessments should also contribute to the all hazard risk assessments foreseen under article 6 of Decision No 1313/2013/EU18 . __________________ 18 Decision No 1313/2013/EU of the European Parliament and of the Council of 17 December 2013 on a Union Civil Protection Mechanism (OJ L 347, 20.12.2013, p. 24).
2016/06/20
Committee: ITRE
Amendment 253 #

2016/0030(COD)

Proposal for a regulation
Recital 23
(23) To ensure maximum preparedness, so as to avoid a supply disruption and mitigate its effects should it nevertheless occur, the competent authorities of a given region must draw up preventive action plans and emergency, after consulting stakeholders. Regional plans should take account of the specific characteristics of each Member State. TheyThese plans should also clearly define the roles and responsibilities of the natural gas undertakings and the competent authorities. National measures to be designed should take fully account of the regional measures set out in the preventive action plan and emergency plan. They should be so designed as to address national risks in a way that takes full advantage of the opportunities provided by regional cooperation. The plans should be technical and operational in nature, their function being to help prevent the occurrence or escalation of an emergency and to mitigate its effects. The plans should take the security of electricity systems into account and be consistent with the Energy Union's strategic planning and reporting tools.
2016/06/20
Committee: ITRE
Amendment 291 #

2016/0030(COD)

Proposal for a regulation
Recital 36
(36) As demonstrated by the October 2014 stress test, solidarity is needed to ensure security of supply across the Union and to keep overall costs to a minimum. If an emergency is declared in any Member State, a two-step approach should be applied to strengthen solidarity. Firstly, all Member States which have introduced a higher supply standard should reduce it to default values to make the gas market more liquid. Secondly, if the first step fails to provide the necessary supply, further measures by neighbouring Member States, even if not in an emergency situation, should be triggered to ensure the supply to households, essential social services and district heating installations in the Member State experiencing the emergency. Fulfilling security of supply standards on the level of Member States is a condition to make solidarity mechanisms work. Transparency on the level of Member States about the fulfilment shall serve the spirit of solidarity. For the creation of these mechanisms, Member States should identify and describe the corresponding details of these solidarity measures in their emergency plans, ensuring fair and equitable compensation of the natural gas undertakings. The Commission shall submit a framework for necessary technical, legal and financial arrangements to be agreed between neighbouring Member States.
2016/06/20
Committee: ITRE
Amendment 308 #

2016/0030(COD)

Proposal for a regulation
Recital 39
(39) In March 2015, the European Council concluded that gas supply contracts with suppliers from third countries should be made more transparent and compatible with the Union energy security provisions. In this context an efficient and targeted mechanism for Member States' access to key gas supply contracts should ensure a comprehensive assessment of relevant risks that can lead to a supply disruption or interfere with the necessary mitigating measures should a crisis nevertheless occur. Under that mechanism certain key gas supply contracts should be automatically notified, immediately after their conclusion, to the Member States. However, any obligation to notify a contract automatically needs to be proportionate. Applying this obligation to contracts between a supplier and a buyer covering 40% of the national market strikes the right balance in terms of administrative efficiency and lays down clear obligations for market participants. This does not mean that other gas supply contracts are not relevant to security of supply. Accordingly, Member States should have the right to request other contracts which might negatively affect security of supply of a Member State or region or of the Union as a whole. The Commission should have the same access to the gas supply contracts as Member States, given its role in assessing the consistency and effectiveness of the preventive action plans and emergency plans to address risks to security of supply at national, regional and EU level. The Commission may call on the Member States to amend the plans so as to take account of the information obtained from the contractsthe most pertinent key details of gas supply contracts should ensure a comprehensive assessment of relevant risks that can lead to a supply disruption or interfere with the necessary mitigating measures should a crisis nevertheless occur. The confidentiality of commercially sensitive information should be ensured. Improved Commission access to information on commercial contracts should not affect the Commission's ongoing efforts to monitor the gas market, and the Commission should intervene if violations of the Union law are identified. The provisions of this Regulation should be without prejudice to the right of the Commission to launch infringement proceedings in accordance with Article 258 of the Treaty on the Functioning of the European Union (TFEU) and to enforce competition rules, including state aid,.
2016/06/20
Committee: ITRE
Amendment 336 #

2016/0030(COD)

Proposal for a regulation
Recital 45
(45) To allow for a swift Union response to changing circumstances as regards security of gas supply, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of amendment of regions and templates for risk assessment and plans. It is particularly important that the Commission carry out appropriate consultations during its preparatory work, including at expert level, involving the competent authorities and the National Regulatory Authorities. When preparing and drawing up delegated acts, it should ensure that relevant documents are simultaneously sent to the European Parliament and the Council, in good time and in the appropriate manner.
2016/06/20
Committee: ITRE
Amendment 350 #

2016/0030(COD)

Proposal for a regulation
Article 2 – subparagraph 2 – point 1 – introductory part
(1) 'protected customer’ means a household customer connected to a gas distribution network and, in addition, where the Member State concerned so decides, may also mean one or more of the following:
2016/06/20
Committee: ITRE
Amendment 356 #

2016/0030(COD)

Proposal for a regulation
Article 2 – subparagraph 2 – point 1 – point a
(a) a small or medium-sized enterprise, provided that it is connected to a gas distribution network, or an essential social service, provided that it is connected to a gas distribution or transmission network, and provided that such enterprises or services do not represent jointly more than 20 % of the total annual final gas consumption in that Member State;deleted
2016/06/20
Committee: ITRE
Amendment 360 #

2016/0030(COD)

Proposal for a regulation
Article 2 – subparagraph 2 – point 1 – point b
(b) a district heating installation to the extent that it delivers heating to household customers or to the enterprises or services referred to in point (a) provided that such installation is not able to switch to other fuels and is connected to a gas distribution or transmission network;deleted
2016/06/20
Committee: ITRE
Amendment 369 #

2016/0030(COD)

Proposal for a regulation
Article 2 – subparagraph 2 – point 2
(2) ‘essential social service' means a healthcare, emergency or security service;deleted
2016/06/20
Committee: ITRE
Amendment 382 #

2016/0030(COD)

Proposal for a regulation
Article 3 – paragraph 1
1. Security of gas supply shall be a shared responsibility of natural gas undertakings, Member States, notably through their competent authorities, and the Commission, within their respective areas of activities and competence. Infrastructure operators shall be responsible for infrastructure, while supply undertakings shall be responsible for the function of supply.
2016/06/20
Committee: ITRE
Amendment 392 #

2016/0030(COD)

Proposal for a regulation
Article 3 – paragraph 7
7. The composition of regions for the purposes of the regional cooperation as provided for in this Regulation shall be based on following criteria: (a) geographical proximity; (b) existing and planned interconnections and interconnection capacity between Member States as well as the supply patterns; (c) possibility to pool resources and balance risks for security of gas supply across the region; (d) market development and maturity; (e) manageable number of Member States in each region; (f) to the extent possible, existing regional co-operation structures. The list of the regions and their composition is set out in Annex I. The Commission shall be empowered to adopt delegated acts in accordance with Article 18 to amend Annex I based on the criteria set out in the first subparagraph of this paragraph if the circumstances warrant a need for a change of a region.deleted
2016/06/20
Committee: ITRE
Amendment 407 #

2016/0030(COD)

Proposal for a regulation
Article 3 – paragraph 7 a (new)
7a. A regional collaboration of Member States shall be based on an assessment of correlated supply risks and probability of shortfalls. The Commission shall identify and assess potential supply risks together with National Regulatory Authorities of the Member States and natural gas suppliers. The principles for this assessment are set out in Annex 1.
2016/06/20
Committee: ITRE
Amendment 420 #

2016/0030(COD)

Proposal for a regulation
Article 4 – paragraph 6
6. In so far as an investment for enabling or enhancing permanent bi- directional capacity is not required by the market and where that investment incurs costs in more than one Member State or in one Member State for the benefit of another Member State, the national regulatory authorities of all Member States concerned shall jointly decide on cost allocation as laid down in Article 12 of Regulation 347/2013 before any investment decision is taken. The cost allocation shall in particular take into account the proportion of the benefits of the infrastructure investments for the increase of security of supply of the Member States concerned as well as investments already made in the infrastructure in question.
2016/06/20
Committee: ITRE
Amendment 431 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 1 – introductory part
1. The competent authority shall require the natural gas undertakingsuppliers, that it identifies, to take measures to ensure, based on the physical availability of gas, the supply of gas to the protected customers of the Member State in each of the following cases:
2016/06/20
Committee: ITRE
Amendment 433 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 1 a (new)
In Member States where only one source of gas is available, this duty should be fulfilled by the importing supplier.
2016/06/20
Committee: ITRE
Amendment 436 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 2
No later than 31 March 2017 Member States shall notify the Commission their definition of protected customers, the annual gas consumption volumes of the protected customers and the percentage they represent of the total annual final gas consumption in that Member State. Where a Member State includes in its definition of protected customers the categories referred to in point (a) or (b) of Article 2 (1) it shall specify in the notification to the Commission the gas consumption volumes corresponding to consumers belonging to those categories and the percentage that each of those groups of consumers represents in terms of the annual final use of gas.
2016/06/20
Committee: ITRE
Amendment 441 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 1 – subparagraph 3
The competent authority shall identify the natural gas undertakings referred to in the first subparagraph and specify them in the preventive action plan. Any new measures envisaged to ensure the supply standard shall comply with the procedure established in Article 8(4).
2016/06/20
Committee: ITRE
Amendment 446 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 2
2. Any increased supply standard going beyond the 30-day period referred to in points (b) and (c) of paragraph 1 or any additional obligation imposed for reasons of security of gas supply shall be based on the risk assessment referred to in Article 6, shall be reflected in the preventive action plan and shall: (a) comply with Article 3(6); (b) not impact negatively on the ability of any other Member State to supply its protected customers in accordance with this Article in the event of a national, regional or Union emergency; and (c) comply with the criteria specified in Article 11(5) in the event of a regional or Union emergency. A justification of the compliance of the measures referred to in the first subparagraph with the conditions set out in that paragraph shall be included in the preventive action plan. Additionally, any new measure referred to in the first subparagraph shall comply with the procedure established in Article 8(4).deleted
2016/06/20
Committee: ITRE
Amendment 451 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 2 a (new)
2a. Based on an assessment consistent with the Cost-Benefit Analysis methodology as defined in the Regulation (EC) No 347/2013, competent authorities shall consider increasing the supply standards in order to improve the physical availability of gas in case of an emergency, taking into account the availability of existing gas infrastructure at a regional level.
2016/06/20
Committee: ITRE
Amendment 452 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 3
3. After the periods defined by the competent authority in accordance with paragraphs 1 and 2, or under more severe conditions than those defined in paragraph 1, the competent authority and natural gas undertakingsuppliers shall endeavour to maintain, as far as possible, the gas supply, in particular for protected customers.
2016/06/20
Committee: ITRE
Amendment 454 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 4
4. The obligations imposed on natural gas undertakingsuppliers for the fulfilment of the supply standards laid down in this Article shall be non-discriminatory and shall not impose an undue burden on those undertakings.
2016/06/20
Committee: ITRE
Amendment 457 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 5
5. Natural gas undertakingSuppliers shall be allowed to meet their obligations under this Article at a regional or Union level, where appropriate. The competent authorities shall not require the standards laid down in this Article to be met based on infrastructure located only within its territory.
2016/06/20
Committee: ITRE
Amendment 460 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 6
6. The competent authorities shall ensure that conditions for supplies to protected customers are established without prejudice to the proper functioning of the internal energy market and at a price respecting the market value of the supplies. Suppliers shall ensure that supply interruptions due to well-known risks concerning particular gas transport routes are not subject to contractual force majeure clauses.
2016/06/20
Committee: ITRE
Amendment 461 #

2016/0030(COD)

Proposal for a regulation
Article 5 – paragraph 6 a (new)
6a. By [6 months after the date of entry into force of this regulation], the Member States shall establish measures to impose fines on suppliers if they fail to comply with the supply standards described in paragraph 1. Such fines shall be effective, proportionate and persuasive.
2016/06/20
Committee: ITRE
Amendment 464 #

2016/0030(COD)

Proposal for a regulation
Article 6 – paragraph 1 – introductory part
1. TheEach competent authorities of each region as listed in Annex I shall jointly make any in cooperation with the national regulatory authorities where they are not the competent authorities of each Member State shall undertake a full national assessment atincluding regional levelaspects of all risks affecting the security of gas supply. The assessment shall take into account all relevant risks such as natural disasters, technological, commercial, social, political and o so as to allow for a genuine bottom-up approach of cooperation. The assessment shall be conducted on the basis of the following common elements of ther risks. The risk assessment shall be carried out affecting the security of gas supply in its Member State by:
2016/06/20
Committee: ITRE
Amendment 478 #

2016/0030(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point a
(a) using the standards specified in Articles 4 and 5. The risk assessment shall describe the calculation of the N – 1 formula at national level and include a calculation of the N-1 formula at regional level. The risk assessment shall also include the assumptions used, including those for the calculation of the N – 1 formula at regional level, and the data necessary for such calculation. The calculation of the N-1 formula at national level shall be accompanied by a simulation of the disruption of the single largest infrastructure using a hydraulic modelling on the level of the transmission system operators as well as a calculation of the N- 1 formula considering the level of gas in storages at 30% and 100% of the total capacity;
2016/06/20
Committee: ITRE
Amendment 490 #

2016/0030(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point d
(d) identifying the interaction and correlation of risks among theconnected Member States in the region and with other Member States, as appropriate, including, inter alia, as regards interconnections, cross-border supplies, cross-border access to storage facilities and bi-directional capacity;
2016/06/20
Committee: ITRE
Amendment 495 #

2016/0030(COD)

Proposal for a regulation
Article 6 – paragraph 2 – subparagraph 1
TheOn the basis of the regional comopetent authorities within each regionration of Member States pursuant Article 3(7), the competent authorities shall agree on a cooperation mechanism to conduct the risk assessment within the deadline provided for in paragraph 5 of this Article. Competent authorities shall report to the Gas Coordination Group on the agreed cooperation mechanism for conducting the risk assessment 18 months before the deadline for the adoption of the risk assessment and the updates of the risk assessment. The Commission may have a facilitating role overall in the preparation of the risk assessment, in particular for the establishment of the cooperation mechanism. If competent authorities within a region do not agree on a cooperation mechanismof the connected Member States regarding regional cooperation do not agree on the content of the regional aspects of the risk assessment, the Commission may propose a cooperation mechanism for that regione concerned Member States.
2016/06/20
Committee: ITRE
Amendment 503 #

2016/0030(COD)

Proposal for a regulation
Article 6 – paragraph 5
5. The regional chapter on risk assessment once agreed by all connected Member States in the region, cooperating pursuant to Article 3(7) shall be notified to the Commission for the first time no later than on 1 September 2018. The risk assessment shall be updated every four years unless circumstances warrant more frequent updates. The risk assessment shall take account of progress made in investments needed to cope with the infrastructure standard defined in Article 4 and of country-specific difficulties encountered in the implementation of new alternative solutions. It shall also build on the experience acquired through the simulation of the emergency plans contained in Article 9 (2).
2016/06/20
Committee: ITRE
Amendment 511 #

2016/0030(COD)

Proposal for a regulation
Article 6 – paragraph 6
6. By 1 November 2017 ENTSO for Gas shall carry out a Union wide simulation of supply and infrastructure disruption scenarios. The scenarios shall be defined by ENTSO for Gas in consultordination with the Gas Coordination Group. The competent authorities shall provide ENTSO for Gas with the necessary data for the simulations such as peak demand values, production capacity and demand side measures. The competent authorities shall involve their national regulatory authorities and take into account the results of the simulations for the preparation of the risk assessments, preventive action plans and emergency plans. The Union-wide simulation of supply and infrastructure disruption scenarios shall be updated every four years unless circumstances warrant more frequent updates. In addition ENTSO for Gas shall spread information gained by the Early Warning Mechanism on regular basis among the Gas Coordination Group.
2016/06/20
Committee: ITRE
Amendment 520 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 1 – introductory part
1. The competent authorities of the Member States of each region as listed in Annex Iin cooperation with the national regulatory authorities where they are not the competent authorities, after consulting the natural gas undertakings, the relevant organisations representing the interests of household and industrial gas customers, including electricity producers, and the national regulatory authorities, where they are not the competent authorities, shall establish jointly shall, without prejudice to paragraph 3 establish at national level:
2016/06/20
Committee: ITRE
Amendment 526 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point a
(a) a preventive action plan containing the measures to be adopted to remove or mitigate the risks identified in the regionamong the connected Member States, including risks of purely natregional dimension, in accordance with the risk assessment undertaken pursuant to Article 6 and in accordance with Article 8; and
2016/06/20
Committee: ITRE
Amendment 532 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point b
(b) an emergency plan containing the measures to be taken to remove or mitigate the impact of a gas supply disruption in the region, including events of purely national dimension, in accordance with Article 9.
2016/06/20
Committee: ITRE
Amendment 535 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1
The competent authorities within each regionof the connected Member States shall agree on a cooperation mechanism sufficiently in time to establish the plans and allow for their notification and for the notification of the updated plans.
2016/06/20
Committee: ITRE
Amendment 537 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1 a (new)
Before adopting a Preventive Action Plan and an Emergency Plan, the competent authorities, in cooperation with national regulatory authorities where they are not the competent authorities of connected Member States, cooperating pursuant to Article 3(7) shall exchange their draft Plans and exchange views with each other and the Commission, so as to verify that the measures envisaged are consistent within the different Plans and that they comply with this Regulation and other provisions of the Union law. These consultations shall be carried out in particular among neighbour states, notably in groups of states forming gas islands and their neighbours. On the basis of these consultations and recommendations, the competent authorities, in cooperation with the national regulatory authorities where they are not the competent authorities, cooperating according to Article 3(7) can decide to draft joint Preventive Action Plans and joint Emergency Plans in addition to Plans established at national level. Where joint Plans are to be established, the authorities concerned shall conclude agreements to implement regional cooperation, which can be formally endorsed by Member States if necessary.
2016/06/20
Committee: ITRE
Amendment 538 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 2
The measures necessary to remove and mitigate risks of a purely natregional dimension as well as the measures to be taken to remove or mitigate the impact of events which, due to their limited size, are to be addressed at natregional level only, shall be developed by eachin cooperation with the connected competent authorityies of the region constituted by connected Member States and included in the plans developed at regnational level. Such nNational measures shall not hamper in any way the effectiveness of measures at regional level. Each competent authority shall also identify areas for regional cooperation and possible joint measures. The national measures together with the proposals for regional cooperation shall be shared with other competent authorities in the regionof connected Member States one year before the deadline for the notification of the plans.
2016/06/20
Committee: ITRE
Amendment 542 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 3
Competent authorities shall regularly report to the Gas Coordination Group on the progress achieved on the preparation and adoption of the preventive action plans and the emergency plans. In particular competent authorities shall report to the Gas Coordination Group on the agreed cooperation mechanism 18 months before the deadline for the adoption of the plans and the updates of the plans. The Commission may have a facilitating role overall in the preparation of the plans, in particular for the establishment of the cooperation mechanism. If competentnational authorities within a region do not agree on a cooperation mechanismof connected Member States do not agree on the content of the regional aspects of the preventive action plan, the Commission may propose a regional cooperation mechanism for that region. They shall ensure the regular monitoring of the implementation of such plans.
2016/06/20
Committee: ITRE
Amendment 550 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 4
4. The preventive action plans and emergency plans shall be adopted by all connected Member States in the region, made public and notified to the Commission no later than on 1 March 2019. Such notification shall take place once the plans have been adopted by all Member States in the region. The Commission shall inform the Gas Coordination Group about the notification of the plans and publish them on the Commission website.
2016/06/20
Committee: ITRE
Amendment 556 #

2016/0030(COD)

Proposal for a regulation
Article 7 – paragraph 5 – subparagraph 2 – point b
(b) is inconsistent with the risk scenarios assessed or with the plans of another regionestablished on basis of cooperation pursuant Article 3(7) of connected Member States;
2016/06/20
Committee: ITRE
Amendment 576 #

2016/0030(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point b
(b) the definition of protected customers in each connected Member State of the region and the information described in the second subparagraph of Article 5(1);
2016/06/20
Committee: ITRE
Amendment 579 #

2016/0030(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point c
(c) the measures, volumes and capacities needed to fulfil the infrastructure and supply standards in each Member State of the regionthe connected Member States, as laid down in Articles 4 and 5, including where applicable, the extent to which demand- side measures can sufficiently compensate, in a timely manner, for a supply disruption as referred to in Article 4(2), the identification of the single largest gas infrastructure of common interest in the case of application of Article 4(3), the necessary gas volumes per category of protected customers and per scenario as referred to in Article 5(1) and any increased supply standard under Article 5(2), including a justification of the compliance with the conditions set in Article 5(2) and a description of a mechanism to temporarily reduce any increased supply standard or additional obligation in accordance with Article 12;
2016/06/20
Committee: ITRE
Amendment 609 #

2016/0030(COD)

Proposal for a regulation
Article 8 – paragraph 4 – introductory part
4. The Member StatNational Regulatory Authorities shall carry out an impact assessment on all preventive non-market based measures to be adopted after the entry into force of this Regulation, including the measures to comply with the supply standard set out in Article 5(1) and the measures for the increased supply standard set out in Article 5(2). Such impact assessment shall cover at least the following:
2016/06/20
Committee: ITRE
Amendment 618 #

2016/0030(COD)

Proposal for a regulation
Article 8 – paragraph 4 – subparagraph 2
The analysis referred to in points (a) and (b) shall be carried out by the national regulatory authorities.deleted
2016/06/20
Committee: ITRE
Amendment 642 #

2016/0030(COD)

Proposal for a regulation
Article 9 – paragraph 2
2. The measures, actions and procedures contained in the emergency plan shall be tested at least twice between its regular four-year updates referred to in paragraph 3 at national and regional level. In order to test the emergency plan, Member States shall simulate high and medium impact scenarios and responses in real time in accordance with their emergency plan. The results of the tests shall be presented at the Gas Coordination Group by the competent authorities.
2016/06/20
Committee: ITRE
Amendment 647 #

2016/0030(COD)

Proposal for a regulation
Article 10 – paragraph 3
3. When the competent authority declares an emergency, it shall follow the pre-defined action as set out in its emergency plan and shall immediately inform the Commission and the competent authorities inof the regionconnected Member States in particular of the action it intends to take. In duly justified exceptional circumstances, the competent authority may take action deviating from the emergency plan. The competent authority shall immediately inform the Commission and the competent authorities in the regionof connected Member States of any such action and shall provide a justification therefore.
2016/06/20
Committee: ITRE
Amendment 669 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 1
1. Where a Member State has declared the emergency crisis level in accordance with Article 10(1) any increased supply standard or additional obligation imposed on natural gas undertakings in other Member States under Article 5(2) shall be temporarily reduced to the level established in Article 5(1).deleted
2016/06/20
Committee: ITRE
Amendment 679 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 2 – subparagraph 1
As long as the supply to households, essential social services and district heating installations in the Member State having declared the emergency is not satisfied, despite the application of the measure in paragraph 1, the gas supply to customers other than households, essential social services and district heating installationprotected customers in the Member State having declared the emergency is not satisfied, and buying gas is no longer a viable option, the gas supply to customers other than protected customers in any other Member State, directly connected to the Member State which declared the emergency, shall not continue to the extent necessary to supply the households, essential social services and district heating installationprotected customers in the Member States having declared the emergency.
2016/06/20
Committee: ITRE
Amendment 690 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 2 – subparagraph 1 a (new)
The gas supply in any other Member State, directly or indirectly connected to the Member State which declared the emergency, shall only be reduced if the supply standard of the Member State in an emergency situation pursuant to Article 5(1) is permanently satisfied. The Commission shall monitor the fulfilment of the supply standard on the level of the Member States.
2016/06/20
Committee: ITRE
Amendment 692 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 2 – subparagraph 2
The first subparagraph shall apply to essential social services and district heating installations to the extent they are covered by the definition of protected customers in the respectivapplicability of Article 12(2) shall be subject to the condition that the Member State who is calling for solidarity meets all his duties under this Regulation, in particular that the Member State makes use of all measures described in the respective emergency plan and that the technical and commercial terms of the agreement in the Member Stategency plan are met.
2016/06/20
Committee: ITRE
Amendment 695 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 3
3. The competent authorities shall adopt the necessary measures, so that gas not supplied to customers other than households, essential social services and district heating installationprotected customers in their territory in the situation described in paragraph 2 can be supplied to the Member State in the emergency situation described in the same paragraph for the supply to households, essential social services and district heating installationprotected customers in that Member State.
2016/06/20
Committee: ITRE
Amendment 699 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 4
4. The technical, legal and financial arrangements for the application of paragraph 3 shall be agreed among the Member States which are directly connected to each other and described in the emergency plans of their respective regions. Such arrangements may cover, among others, gas prices to be applied, use of interconnectors, including bi- directional capacity, gas volumes and the coverage of compensation costs. Market- based measures such as auctions shall be preferred for the implementation of the obligation laid down in paragraph 3. In case the technical, legal and financial arrangements necessary to apply paragraph 3 are amended, the relevant emergency plan shall be updated accordingly.
2016/06/20
Committee: ITRE
Amendment 710 #

2016/0030(COD)

Proposal for a regulation
Article 12 – paragraph 6
6. If the Member States do not agree on the necessary technical, legal and financial arrangements, the Commission mayshall proposvide a frameworkproposal for such measures in its opinion and decision on the planarrangements.
2016/06/20
Committee: ITRE
Amendment 720 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 4
4. In duly justified circumstances irrespective of a declaration of emergency, the competent authority may require gas unthe following details, and only these dertakings to provide the information referred to in paragraph 1 or additional information necessaryils of gas supply contracts, as collected under REMIT reporting requirements, with a duration of more than one year from ACER in order to assess the overall situation of the gas supply in the Member State or other Member States, including contractual informationsecurity of supply at national, regional and Union level. The Commission may request from the competent authorities the information provided by natural gas undertakings. on an aggregate level. (a) duration of the contract (b) delivery points (c) maximum daily volumes contracted in the event of an emergency (d) contracted volumes in total on an annual basis and the average volume per month; (e) minimum daily, monthly and yearly gas volumes (f) conditions for the suspension of delivery
2016/06/20
Committee: ITRE
Amendment 728 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 5
5. Where the Commission considers that the gas supply in a region or the Union as whole is affected or is likely to be affected it may require the competent authorities to collect and submit to the Commission the relevant information necessary to assess the situation of the gas supply in the Union listed in Article 13(1) and 13(2). The Commission mayshall share its assessment with the Gas Coordination Group.
2016/06/20
Committee: ITRE
Amendment 731 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 6 – point a
(a) to the competent authorities concerned the following details of gas supply contracts with a duration of more than 1 year: (i) contract duration; (ii) contracted volumes in total, on an annual basis and the average volume per month; (iii) contracted maximum daily volumes in the event of an alert or emergency; (iv) contracted delivery points; (v) minimum daily, monthly and yearly gas volumes; (vi) conditions for the suspension of gas deliveries.deleted
2016/06/20
Committee: ITRE
Amendment 737 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 6 – point b
(b) to the competent authority and to the Commission immediately after their conclusion or modification the gas supply contracts with a duration of more than 1 year concluded or modified after [OP: Please insert the date of entry in force of this Regulation] that individually or cumulatively with other contracts with the same supplier or its affiliates provide more than 40% of yearly natural gas consumption in the Member State concerned. The notification obligation shall not apply to the modifications related only to the gas price. The notification obligation shall also apply to all commercial agreements relevant for the execution of the gas supply contract.deleted
2016/06/20
Committee: ITRE
Amendment 743 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 6 – point b
(b) to the competent authority and to the Commission immediately after their conclusion or modification the gas supply contracts with a duration of more than 1 year concluded or modified after [OP: Please insert the date of entry in force of this Regulation] that individually or cumulatively with other contracts with the same supplier or its affiliates provide more than 40% of yearly natural gas consumption in the Member State concerned. The notification obligation shall not apply to the modifications related only to the gas price. The notification obligation shall also apply to all commercial agreements relevant for the execution of the gas supply contract. The Commission may request from the competent authorities the information provided by natural gas undertakings on an aggregate level.
2016/06/20
Committee: ITRE
Amendment 748 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 6 – point b – subparagraph 2
The competent authority shall notify the data listed in point (a) of the first subparagraph to the Commission by the end of September each year.deleted
2016/06/20
Committee: ITRE
Amendment 753 #

2016/0030(COD)

Proposal for a regulation
Article 13 – paragraph 7
7. In duly justified circumstances, where the competent authority or the Commission considers that a gas supply contract not covered by paragraph 6(b) of this Article might affect the security of supply of a Member State, region or of the Union as whole, the competent authority of the Member State where the natural gas undertaking who has concluded the contract operates or the Commission may request the natural gas undertaking to provide the contract for the assessment of its impact on security of supply. The request may cover also any other commercial agreements relevant for the execution of the gas supply contract.deleted
2016/06/20
Committee: ITRE
Amendment 764 #

2016/0030(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. A Gas Coordination Group is established to facilitate the coordination of measures concerning security of gas supply. The Group shall be composed of representatives of the Member States, in particular of their competent authorities, as well as the Agency for the Cooperation of Energy Regulators (the "Agency"), the ENTSO for Gas, groups of Transport System Operators which collaborate on a trans-national level, and representative bodies of the industry concerned and those of relevant customers. The Commission shall, in consultation with the Member States, decide on the composition of the Group, ensuring it is fully representative. The Commission shall chair the Group. The Group shall adopt its rules of procedure.
2016/06/20
Committee: ITRE
Amendment 802 #

2016/0030(COD)

Proposal for a regulation
Annex I
Regional cooperation The regions referred to in Article 3(7) are the following: - North West: United Kingdom and Ireland; - North-South Western Europe: Belgium, France, Luxembourg, Spain, The Netherlands and Portugal; - Southern Gas Corridor: Bulgaria, Greece and Romania; - Central-East: Czech Republic, Germany, Poland and Slovakia; - South East: Austria, Croatia, Hungary, Italy and Slovenia; - Baltic Energy Market I (BEMIP I): Estonia, Finland, Latvia and Lithuania; - Baltic Energy Market II (BEMIP II): Denmark and Sweden; - Cyprus; - Malta as long as it is not connected to another Member State. In case Malta is interconnected to another Member State it shall be considered as part of the region of that Member State.deleted
2016/06/20
Committee: ITRE
Amendment 815 #

2016/0030(COD)

Proposal for a regulation
Annex II – point 5 – subparagraph 1
The calculated area referred to in point 3 shall be extended to the appropriate regional level. The regions listed in Annex I shall apply for connected Member States. For the calculation of the N – 1 formula at regional level, the single largest gas infrastructure of common interest shall be used. The single largest gas infrastructure of common interest to a region shall be the largest gas infrastructure in the region that directly or indirectly contributes to the supply of gas to the connected Member States of that region and shall be defined in the risk assessment.
2016/06/20
Committee: ITRE
Amendment 818 #

2016/0030(COD)

Proposal for a regulation
Annex II – point 5 – subparagraph 3
For the calculations referred to in Article 6(1), the single largest gas infrastructure of common interest to the regions as listed in Annex Iof connected Member States shall be used.
2016/06/20
Committee: ITRE
Amendment 819 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 1 – introductory part
1. To enable or enhance bi-directional capacity on an interconnector or to obtain or prolong an exemption from that obligation, transmission system operators on both sides of the interconnector shall submit to their competent authorities (competent or, where Member States so provide, their competent authorities or their regulatory authorities (referred to in this Article as the "authorities concerned") after consulting with all transmission system operators along the gas supply corridor:
2016/06/20
Committee: ITRE
Amendment 820 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 3
3. UponThe authority concerned receipt ofving the proposal or the exemption request the competentshall notify the authorities concerned shall without delay consult the competent authorities along the gas supply corridor, the Agencof the other Member States that could, according to the risk assessment, benefit from reverse flow capacity and the Commission onf the proposal or the exemption request. The consulted authorities may issue an opinion within four months of the receipt of the consultation request without delay. That authority concerned shall give those authorities concerned and the Commission the possibility to issue an opinion within a period of 4 months following receipt of that notification.
2016/06/20
Committee: ITRE
Amendment 821 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 4
4. Within two months of the expiry of the period referred to in point 3, the competent authorities concerned shall on the basis of the risk assessment, the information listed in point 2, the opinions received following the consultation according to point 3 and taking into account security of gas supply and the contribution to the internal gas market take a joint decision, which shall be one of the following: (a) to accept the proposal for reverse flow capacity; such decision shall contain a cost benefit analysis, a cross-border cost allocation, a timeline for implementation and the arrangements for its subsequent use; (b) to grant or prolong a temporary exemption for a period of maximum four years, if the cost-benefit analysis included in the decision shows that the reverse flow capacity would not enhance the security of supply of any Member State along the gas supply corridor or if the investment costs would significantly outweigh the prospective benefits for security of supply; (c) to require the transmission system operators to amend and resubmit their proposal or exemption request.deleted
2016/06/20
Committee: ITRE
Amendment 822 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 4 a (new)
4a. Within 2 months of the expiry of the period referred to in paragraph 3, the authority concerned, on the basis of the criteria referred to in paragraph 2 and of the risk assessment carried out in accordance with Article 9, and taking utmost account of the opinions received in accordance with paragraph 3 of this Article, and taking into account aspects that are not strictly economic, such as security of gas supply and the contribution to the internal gas market, shall: (a) grant an exemption if reverse flow capacity would not significantly enhance the security of supply of any Member State or region or if the investment costs would significantly outweigh the prospective benefits for security of supply; or (b) accept the proposal for reverse flow capacity; or (c) require the transmission system operator to amend its proposal. The authority concerned shall notify its decision without delay to the Commission, together with all relevant information showing the reasons for the decision, including the opinions received in accordance with paragraph 3 of this Article. The authorities concerned shall endeavour to ensure that mutually dependent decisions which concern the same interconnection or interconnected pipelines do not contradict each other.
2016/06/20
Committee: ITRE
Amendment 823 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 5
5. The competent authorities concerned shall submit the joint decision without delay to the competent authorities along the gas supply corridor, the Agency and the Commission including the opinions received following the consultation according to point 4.deleted
2016/06/20
Committee: ITRE
Amendment 824 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 6
6. Within two months of receipt of the joint decision, the competent authorities of the Member States along the gas supply corridor may present their objections to the joint decision and submit them to the competent authorities that adopted it, the Agency and the Commission. The objections shall be limited to facts and assessment, in particular cross-border cost allocation that was not subject of consultation according to point 4.deleted
2016/06/20
Committee: ITRE
Amendment 825 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 7
7. Within three months of receipt of the joint decision according to point 5, the Agency shall issue an opinion on all elements of the joint decision taking into account any possible objection and submit the opinion to all competent authorities along the gas supply corridor and to the Commission.deleted
2016/06/20
Committee: ITRE
Amendment 826 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 8
8. Within four months of the receipt of the opinion issued by the Agency pursuant to point 7 the Commission may adopt a decision requesting modifications of the joint decision.deleted
2016/06/20
Committee: ITRE
Amendment 827 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 9
9. If the competent authorities concerned were not able to adopt a joint decision within the deadline indicated in point 4, the competent authorities concerned shall inform the Agency and the Commission on the day of the expiry of the deadline. Within two months of receipt of this information, the Agency shall adopt an opinion with a proposal covering all elements of a joint decision listed in point 4 and submit this opinion to the competent authorities concerned and the Commission.deleted
2016/06/20
Committee: ITRE
Amendment 828 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 10
10. Within four2 months of receipt of the opinion issued by the Agency pursuant to point 9, the Commission shall adopt a decision covering all elements of a joint decision listed in point 4 taking into account that opinion. If the Commission requests additional information, the four at notification, and where there are discrepancies between the decision of the authority concerned and the opinions of other authorities concerned, the Commission may require that the authority concerned amend its decision. That period may be extended by 1 month where additional information is sought by the Commission. Any proposal by the Commission requiring amendment to the decision of the authority concerned shall be made on the basis of the elements and criteria set out in paragraph 2 and point (a) of paragraph 4, taking into account the reasons for the decision of the authority concerned. The authority concerned shall comply with the request by amending its decision within a period of 4 weeks. In the event that the Commission does not act within that 2-months period starts running on the day of the receipt of the complete requested information. That period may be extended by additional, it shall be deemed not to have raised objections to the decision of the authority concerned. Where additional reverse flow capacity is needed according to the results of the risk assessment carried out in accordance with Article 9, the procedure set out in paragraphs 1 two mon5 of this with agreement of all competentArticle shall be repeated upon the request of a transmission system operator, an authoritiesy concerned or the Commission.
2016/06/20
Committee: ITRE
Amendment 829 #

2016/0030(COD)

Proposal for a regulation
Annex III – point 12
12. Exemption from the obligation to enable bi-directional capacity granted under Regulation (EU) No 994/2010 shall remain valid until 1 December 2018 unless their duration expires beforeWhere additional reverse flow capacity is needed according to the results of the risk assessment carried out in accordance with Article 6, the procedure set out in this Annex shall be repeated upon the request of a transmission system operator, an authority concerned or the Commission.
2016/06/20
Committee: ITRE
Amendment 884 #

2016/0030(COD)

Proposal for a regulation
Annex VI – point 1
1. Each notified preventive action plan and the emergency plan shall be subject to a peer review by a peer review team, either by selection of the European Commission or at the request of a concerned Member State along the gas supply corridor.
2016/06/20
Committee: ITRE
Amendment 885 #

2016/0030(COD)

Proposal for a regulation
Annex VI – point 2
2. One peer review team per region shall be established. Each peer review team shall be composed of maximum five competent authorities and ENTSO for Gas, each represented by onetwo persons, and, as an observer, the Commission. The Commission shall select the representatives of competent authorities and ENTSO for Gas in the peer review teams, taking into account geographical balance and including at least onthe competent authorityies from athe neighbouring Member States. The competent authorities may nominate a representative of their NRA. Members of the peer review team shall not belong to any competent authority or other bodies or associations having participated in the preparation of the plans subject to the peer review.
2016/06/20
Committee: ITRE
Amendment 887 #

2016/0030(COD)

Proposal for a regulation
Annex VI – point 3
3. The Commission shall inform the peer review team of the notification of the plans. Within twofour months of the date of the information the respective peer review team shall prepare and submit a report to the Commission. Before the submission of the report the peer review team shall discuss the preventive action plan and the emergency plan, at least once, in depth with the competent authorities that prepared the plans. The Commission shall publish the report.
2016/06/20
Committee: ITRE
Amendment 51 #

2016/0011(CNS)

Proposal for a directive
Recital 2 a (new)
(2a) An assessment of the results of the enforcement measures will be necessary, and will be presented to the European Parliament, in order to guarantee that companies in Member States have not become less competitive in third countries since those measures were adopted.
2016/04/18
Committee: ECON
Amendment 55 #

2016/0011(CNS)

Proposal for a directive
Recital 3
(3) It is necessary to lay down rules in order to strengthen the average level of protection against aggressive tax planning in the internal market. As these rules would have to fit in 28 separate corporate tax systems, they should be limited to general provisions and Member States should enforce them, as they are better placed to shape the specific elements of those rules in a way that best fits their corporate tax systems. This objective could be achieved by creating a minimum level of protection for national corporate tax systems across the Union. It is therefore necessary to coordinate the responses of Member States in implementing the outputs of the 15 Action Items against base erosion and profit shifting with the aim to improve the effectiveness of the internal market as a whole in tackling tax avoidance practices. It is therefore necessary to set a common minimum level of protection for the internal market in specific fields. It is important to ensure, however, that the measures put in place do not exceed what is required in order to achieve their primary purpose, namely to combat aggressive tax planning, as this could also have an undesirable impact on companies which do not employ aggressive tax planning.
2016/04/18
Committee: ECON
Amendment 64 #

2016/0011(CNS)

Proposal for a directive
Recital 5 a (new)
(5a) With particular reference to the restrictions on interest deductibility (the interest cap), Member States should consider whether a transitional period is necessary with a view to giving taxable entities a reasonable amount of time to adjust their financing structures.
2016/04/18
Committee: ECON
Amendment 65 #

2016/0011(CNS)

Proposal for a directive
Recital 5 b (new)
(5b) Provision should be made for the exemption of infrastructure providers, leasing companies and real estate companies.
2016/04/18
Committee: ECON
Amendment 85 #

2016/0011(CNS)

Proposal for a directive
Recital 9
(9) General anti-abuse rules (GAARs) feature in tax systems to tackle abusive tax practices that have not yet been dealt with through specifically targeted provisions. GAARs have therefore a function aimed to fill in gaps, which should not affect the applicability of specific anti-abuse rules. Within the Union, the application of GAARs should be limited to arrangements that are ‘wholly artificial’ (non-genuine); otherwise, the taxpayer should have the right to choose the most tax efficient structure for its commercial affairs. It is furthermore important to ensure that the GAARs apply in domestic situations, within the Union and vis-à-vis third countries in a uniform manner, so that their scope and results of application in domestic and cross-border situations do not differ. In particular, Member States must apply the GAARs in a uniform manner in order to prevent potential legal uncertainty in the commercial sector.
2016/04/18
Committee: ECON
Amendment 100 #

2016/0011(CNS)

Proposal for a directive
Recital 14
(14) Considering that a key objective of this Directive is to improve the resilience of the internal market as a whole against cross-border tax avoidance practices, this cannot be sufficiently achieved by the Member States acting individually. National corporate tax systems are disparate and independent action by Member States would only replicate the existing fragmentation of the internal market in direct taxation. It would thus allow inefficiencies and distortions to persist in the interaction of distinct national measures. The result would be lack of coordination. Rather, by reason of the fact that much inefficiency in the internal market primarily gives rise to problems of a cross-border nature, remedial measures should be adopted at Union level. It is therefore critical to adopt solutions that function for the internal market as a whole and this can be better achieved at Union level. Thus, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality, as set out in that Article, this Directive does not go beyond what is necessary in order to achieve that objective. By setting a minimum level of protection for the internal market, this Directive only aims to achieve the essential minimum degree of coordination within the Union for the purpose of materialising its objectives. In this respect, Member States should take particular care to ensure that existing national measures are propery adjusted in order to prevent possible inconsistencies in the application of this Directive.
2016/04/18
Committee: ECON
Amendment 124 #

2016/0011(CNS)

Proposal for a directive
Article 4 - paragraph 2
2. Exceeding borrowing costs shall only be deductible on up to 30 percent of taxpayers’ income before interest, tax, depreciation and amortisation (EBITDA) or up to a maximum amount of EUR 13 000 000, whichever is more, in the tax year in which they are accrued. The EBITDA shall be calculated by adding back to taxable income the tax-adjusted amounts for net interest expenses and other costs equivalent to interest as well as the tax-adjusted amounts for depreciation and amortisation. The restriction on deductibility shall apply solely to interest earned by partners and by lenders belonging to the corporate group of the taxpayer.
2016/04/18
Committee: ECON
Amendment 128 #

2016/0011(CNS)

Proposal for a directive
Article 4 – paragraph 3 – subparagraph 1
By derogation from paragraph 2, the taxpayer may be given the right to fully deduct exceeding borrowing costs if the taxpayer can demonstrate that the ratio of its equity over its total assets is equal to or higher than the equivalent ratio of the group. Provision shall be made in all Member States for a group test to be conducted. On the basis of the outcome of that test, the taxpayer may deduct all interest costs if it can prove that its debt is not higher than the debt of the entire group.
2016/04/18
Committee: ECON
Amendment 137 #

2016/0011(CNS)

Proposal for a directive
Article 4 – paragraph 4
4. The EBITDA of a tax year which is not fully absorbed by the borrowing costs incurred by the taxpayer in that or previous tax years mashall automatically be carried forward for future tax years.
2016/04/18
Committee: ECON
Amendment 155 #

2016/0011(CNS)

Proposal for a directive
Article 5 – paragraph 1 – point -a (new)
-a) these provisions only apply where the exit state will lose its taxing right.
2016/04/18
Committee: ECON
Amendment 165 #

2016/0011(CNS)

Proposal for a directive
Article 5 – paragraph 3 – subparagraph 3 a (new)
A specific ban on charging interest, from which the Member States may not deviate, needs to be set up as deferment of collection must be without interest being charged.
2016/04/18
Committee: ECON
Amendment 190 #

2016/0011(CNS)

Proposal for a directive
Article 6 a (new)
Article 6a Provision shall be made for the exemption of infrastructure providers, leasing companies and real estate companies.
2016/04/18
Committee: ECON
Amendment 120 #

2016/0010(CNS)

Proposal for a directive
Article 1 – paragraph 1 – point 5
Directive 2011/16/EU
Article 23 – paragraph 3 a (new)
3a. The Commission shall submit an implementation report to the Council and the European Parliament on country-by- country reporting and the Anti-Tax- Avoidance Package.
2016/03/22
Committee: ECON
Amendment 14 #

2015/2323(INI)

Motion for a resolution
Paragraph 2
2. Highlights that the ongoing energy transition is resulting in a move away from a centralised, inflexible, fossil fuel-based energy system to one which is more decentralised, flexible and renewables- based;
2016/03/03
Committee: ITRE
Amendment 53 #

2015/2323(INI)

Motion for a resolution
Paragraph 3 – point d
d. protect consumers from abusive, uncompetitive and unfair practices by supplimarket players and enable them to fully exercise their rights;
2016/03/03
Committee: ITRE
Amendment 87 #

2015/2323(INI)

Motion for a resolution
Paragraph 5
5. Considers that the aim of the Third Energy Package to provide a truly competitive and consumer-friendly retail energy market has not yetonly partly been realised, as evidenced by low levels of consumer switching and satisfaction across the EU, persistent high levels of market concentration, and the failure to reflect falling wholesale costs inpersistent high levels of market concentration in some Member States, and rising retail prices due to an increasing part of government- induced price components in the final retail prices;
2016/03/03
Committee: ITRE
Amendment 120 #

2015/2323(INI)

Motion for a resolution
Paragraph 6 – point a
a. Recommends improving the transparency and clarity of bills, which should include information on the final price, with an explanation of the different taxes, and levies and tariffs, together with information on the different energy sources and complaint handling, clear indication of contact points, and information on switching and energy efficiency measures; insists that clear language must be used, with technical terms either avoided or clearly explained; requests the Commission to identify minimum standards in this respect;
2016/03/03
Committee: ITRE
Amendment 130 #

2015/2323(INI)

Motion for a resolution
Paragraph 6 – point b
b. Recommends that consideration be given to requiring energy bills to include comparisons of offers in order to enable all consumers, even those without internet access or skills, to see whether they could save money by switching; believes that peer-based comparisons should also be included in bills to help reduce energy use;deleted
2016/03/03
Committee: ITRE
Amendment 155 #

2015/2323(INI)

Motion for a resolution
Paragraph 6 – point d
d. Recommends that there should be a limited range of standardised tariffs, in order to facilitate comparison between different suppliers and tariffs and avoid a confusing array of different tariffs for the same product;eleted
2016/03/03
Committee: ITRE
Amendment 174 #

2015/2323(INI)

Motion for a resolution
Paragraph 6 – point e
e. Recommends that consideration be given to requiring energy suppliers to automatically place customNotes, given that switching rates are low in a numbers on the most advantageous tariff, based on historic consumption patterns; notes, given that switching rates are low throughout Europef Member States, that many households, especially the most vulnerable, are not engaged in the energy market and are stuck on outdated expensivstill bear inappropriate tariffs;
2016/03/03
Committee: ITRE
Amendment 208 #

2015/2323(INI)

Motion for a resolution
Paragraph 7
7. Insists that the provisions on switching, as set out in the Third Energy Package, should be fully implemented by Member States, and that national legislation must guarantee consumers to opt for a contract with the right to change suppliers in a quick, easy and cost-free way, with no termination fees or penalties in parallel to contracts binding the consumers for a reasonable time;
2016/03/03
Committee: ITRE
Amendment 217 #

2015/2323(INI)

Motion for a resolution
Paragraph 8
8. Believes that collective switching schemes and campaigns should be promoted in orderare one possibility to help consumers find a better deal; emphasises that such schemes must be independent, trustworthy, transparent, comprehensive and inclusive, reaching those who are less engaged; suggests that local authorities, regulators and consumer organisations and other not- for-profit organisations are well placed to fulfil this role, and that support from European funds for such activities should be considered;
2016/03/03
Committee: ITRE
Amendment 241 #

2015/2323(INI)

Motion for a resolution
Paragraph 10
10. Believes that local authorities, communities and individuals shouldcan form the backbone of the energy transition and should be actively supported to help themtherefore have the opportunity to become energy producers and suppliers on an equal footing with other players;
2016/03/03
Committee: ITRE
Amendment 287 #

2015/2323(INI)

Motion for a resolution
Paragraph 12
12. Calls for stable and sufficient remuneration schemes to guarantee investor certainty and increase the take-up of small-scale renewable energy, ensuring a level playing field among technologies while not distorting the market; believes that grid tariffs and other fees should be non-discriminatory and should fairly reflect the impact of the consumer on the grid, while guaranteeing sufficient funding for the maintenance and development of distribution grids; regrets the recent abrupt changes to support schemes in certain Member States, as well as the introduction of unfair and punitive taxes or fees which are detrimental to the continued expansion ofon electricity from self-generation;.
2016/03/03
Committee: ITRE
Amendment 301 #

2015/2323(INI)

Motion for a resolution
Paragraph 13
13. Recommends reducing to an absolute minimum the administrative barriers to new self-generation capacity, and suggests replacing lengthy authorisation procedures with a simple notification requirement; suggests that the revision of the renewable energy directive could include specific provisions to remove barriers and promotefor community/cooperative energy schemes;
2016/03/03
Committee: ITRE
Amendment 332 #

2015/2323(INI)

Motion for a resolution
Paragraph 17
17. Believes that consumers should have easy and timely access to their consumption data in both volume and monetary terms, to help them make informed decisions; believes that where smart meters are rolled out there should be a solid legal framework to ensure an end to back-billing and a rollout that is efficient and affordable for consumers and is free of charge for energy-poorall consumers; insists that efficiency savings from smart meters should be shared on a fair basis between grid operators and users;
2016/03/03
Committee: ITRE
Amendment 345 #

2015/2323(INI)

Motion for a resolution
Paragraph 18
18. Emphasises that the development of smart technologies must not leave the most vulnerable or less engaged consumers behind, nor see bills rise;
2016/03/03
Committee: ITRE
Amendment 364 #

2015/2323(INI)

20. Believes that the processing and storage of citizens’ energy-related data should be managed by neutral entities and should comply with the existing EU legislation, which lays down that the ownership ofcontrol over all data lies with the citizenonsumer and that data should only be provided to third parties by explicit consent; considers that, in addition, citizens should be able to exercise their rights to correct and erase personal information;
2016/03/03
Committee: ITRE
Amendment 379 #

2015/2323(INI)

Motion for a resolution
Paragraph 21
21. Calls for the development of a strong EU framework to fight energy poverty, including a broad, common but non- quantitative definition of energy poverty, focusing Urges the Commission the idea that access to affordable energy is a basic social right; urglp Member States twhe Commission ton they prioritise measures to alleviate energy poverty in upcoming legislative proposals and to present a dedicated action plan by mid- 2017; calls on the Commission to share best practices at EU level;
2016/03/03
Committee: ITRE
Amendment 413 #

2015/2323(INI)

Motion for a resolution
Paragraph 24
24. Considers that energy efficiency measures are central to any strategy to address energy poverty and are much cheaper in the long run than tackling the issue exclusively throughcan complement social security policies; calls for action to ensure that energy-efficient renovation of existing buildings gives priority to energy-poor citizens in the context of the review of the EPBD; suggests that an objective of reducing the number of energy- inefficient homes by 2030 should be considered, with a focus on rental properties and social housing;
2016/03/03
Committee: ITRE
Amendment 419 #

2015/2323(INI)

Motion for a resolution
Paragraph 25
25. Calls for the revised EED to include a provision for a significant minimum percentage of measures in energy efficiency obligation schemes targeting low-income consumers;deleted
2016/03/03
Committee: ITRE
Amendment 435 #

2015/2323(INI)

Motion for a resolution
Paragraph 27
27. Believes that well-targeted social tariffs are vital for low-income, vulnerable citizens, and should therefore be promoted;deleted
2016/03/03
Committee: ITRE
Amendment 34 #

2015/2322(INI)

Motion for a resolution
Recital C
C. whereas the integration of the electricity markets and the sphere of multilateral cooperation must also respect the right of the Member States to determine the national energy mix and the overall structure of their energy supply;
2016/04/05
Committee: ITRE
Amendment 117 #

2015/2322(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the Commission communication on the transformation of the energy market and endorses the view that the transformed electricity market should enhance regional cooperation on security of energy supply and should focus on more market, the enhanced integration of renewable sources of energy and less regulation;
2016/04/05
Committee: ITRE
Amendment 135 #

2015/2322(INI)

Motion for a resolution
Paragraph 2
2. Calls for the existing regulatory framework of the European markets to be adjusted to allow for a growing share of renewable energy sources and to close existing cross-border regulatory gaps; stresses that a new market design for electricity must promote sustainable and efficient electricity supply;
2016/04/05
Committee: ITRE
Amendment 180 #

2015/2322(INI)

Motion for a resolution
Paragraph 4
4. Takes the view that it makes sense to step up cooperation between regions under the leadership of ACER with greater responsibility, transparency and non- discrimination, though without the Member States abandoning responsibility for security of supply;
2016/04/05
Committee: ITRE
Amendment 191 #

2015/2322(INI)

Motion for a resolution
Paragraph 5
5. Believes that a European internal market in electricity is possible on the basis of stronger price incentives; is aware, however, of the risks of unpredictable price surges and calls for meaningful pilot projects to be carried out before introducing prices thaclear guidelines on how to deal with these risks, without preflect the actual scarcity of suppliventing price surges;
2016/04/05
Committee: ITRE
Amendment 213 #

2015/2322(INI)

Motion for a resolution
Paragraph 7
7. Stresses the importance of a common analysis of system management at regional level and calls for the transmission system operators of neighbouring markets to devise a common methodology to that endfor enhanced multilateral cooperation;
2016/04/05
Committee: ITRE
Amendment 268 #

2015/2322(INI)

Motion for a resolution
Paragraph 11
11. Notes that rapid network expansion and the removal of structural network bottlenecks are also essential if uniform price zones are to be rimportant conditions for achieving the internal marketa ined, and that the splitting of bidding energy; takes the view that changes in price zones cshould be a sensible market economy approach to reflect actual electricity shortages in certain regions; takes the view that in closely integrated electricity networks the allocation of price zones should be decided together with all neighbours concerneddecided solely within the framework of the Bidding Zone Review as part of ENTSO-E with the participation of all the relevant stakeholders in order to prevent both the inefficient use of networks and the reduction of cross- border capacities, which is incompatible with the internal market; stresses that an arbitrary splitting of functioning, liquid price zones is incompatible with the objectives of an integrated energy market; calls for the retention of existing, functioning price zones up to the completion and impact assessment of ongoing work on the network code within the framework of the CACM Regulation;
2016/04/05
Committee: ITRE
Amendment 314 #

2015/2322(INI)

Motion for a resolution
Paragraph 13
13. Calls for national capacity mechanisms only to be authorised where a detailed analysis of the production and supply situation at regional level has been carried out in advance and a bottleneck has been identified which cannot be eliminated by less stringent measures such as a strategic reserve;
2016/03/29
Committee: ITRE
Amendment 333 #

2015/2322(INI)

Motion for a resolution
Paragraph 14
14. Insists that natregional capacity markets and capacity markets authorised by European regulatory agencies should be open to cross-border participation and should only create the capacity strictly necessary for security of supply;
2016/03/29
Committee: ITRE
Amendment 391 #

2015/2322(INI)

Motion for a resolution
Paragraph 18
18. Notes that the expectation of future price surges can create incentives for producers and investors to invest in production capacity, particularly in high- efficiency modern gas-fired and pumped- storage power stations, urges politicians not to intervene in the market even in the event of large price surges and calls, in the medium term, for the complete abolition of regulated final consumer prices;
2016/03/29
Committee: ITRE
Amendment 518 #

2015/2322(INI)

Motion for a resolution
Paragraph 26
26. Takes the view that, for a medium-term transitional period, national responsibility for the energy mix cannot be questioned and therefore that both nuclearhydroelectric power, which is largely CO2-neutral, and the use of national energy reserves together with high- efficiency gas-fired power stations and coal-fired electricity generation using the latest technology, can make vital contributions to the integration of renewables;
2016/03/29
Committee: ITRE
Amendment 539 #

2015/2322(INI)

Motion for a resolution
Paragraph 28
28. Stresses that renewables should in most cases be fed in at distribution systems level, and therefore calls for distribution system operators to have a greater role overall and to be more closely involved in the European regulatory bodies; calls for cooperation between distribution system operators and transmission system operators to be enhanced by means of more efficient regulatory conditions;
2016/03/29
Committee: ITRE
Amendment 562 #

2015/2322(INI)

Motion for a resolution
Paragraph 30
30. Regards distribution system operators and transmission system operators as neutral market pioneers receiving data from various sources, which they can then make available in a non-discriminatory manner to authorised third parties with the consent of the consumer;
2016/03/29
Committee: ITRE
Amendment 565 #

2015/2322(INI)

Motion for a resolution
Paragraph 30 a (new)
30a. Calls for a technically and economically watertight definition of ‘systemically relevant baseload capacity’ and for this capacity to be available to the electricity system in order to guarantee system security; notes that the general availability of such capacities must be considered in a regional context;
2016/03/29
Committee: ITRE
Amendment 566 #

2015/2322(INI)

Motion for a resolution
Paragraph 30 b (new)
30b. Stresses the need to speed up permit issuing for energy infrastructure projects at all decision-making levels;
2016/03/29
Committee: ITRE
Amendment 16 #

2015/2285(INI)

Motion for a resolution
Recital A
A. whereas economic recovery in the European Union is under way but remains uneven between and within Member States and is partly driven by temporary factors;
2016/01/12
Committee: ECON
Amendment 37 #

2015/2285(INI)

Motion for a resolution
Recital C
C. whereas the euro area’s current account surplus in some members of the euro area continues to rise, while Europe still faces an important investment gap, and structural reforms in certain euro area members are being introduced only haltingly;
2016/01/12
Committee: ECON
Amendment 93 #

2015/2285(INI)

Motion for a resolution
Paragraph 3
3. Notes that increasing Europe’s global competitiveness remains an important objective, whileand that the worsening global outlook calls for further strengthening domestic sources of growth;
2016/01/12
Committee: ECON
Amendment 99 #

2015/2285(INI)

Motion for a resolution
Paragraph 4
4. Calls for further efforts to support recovery, foster convergence and correct macroeconomic imbalances, including by channelling excess savings towards the domestic economy and boosting investment;
2016/01/12
Committee: ECON
Amendment 117 #

2015/2285(INI)

Motion for a resolution
Paragraph 5
5. Is encouraged byn the light of mild improvements in labour market indicators, calls for further efforts and reforms in order to fight unemployment; calls for more effort to reduce poverty, social exclusion and growing inequalities;
2016/01/12
Committee: ECON
Amendment 155 #

2015/2285(INI)

Motion for a resolution
Paragraph 9
9. Is aware of the ongoing deleveraging process in the private sector; points to the importance of completing the banking union and boosting equity investments in SMEs;deleted
2016/01/12
Committee: ECON
Amendment 203 #

2015/2285(INI)

Motion for a resolution
Paragraph 11
11. Considers that, after a long period of nominal adjustment, focus should be put on structural reforms and investments aimed at strengthening growth potential, promoting fair and sustainable welfare systems and reducing social inequalitie and competitiveness;
2016/01/12
Committee: ECON
Amendment 210 #

2015/2285(INI)

Motion for a resolution
Paragraph 12
12. Calls for product and service market reforms and better regulation, promoting innovation and quality-based competition;deleted
2016/01/12
Committee: ECON
Amendment 230 #

2015/2285(INI)

Motion for a resolution
Paragraph 14
14. Urges that further steps be taken towards resilient labour markets with reduced segmentation and sustainable welfare systems with increased focus on social investment;
2016/01/12
Committee: ECON
Amendment 290 #

2015/2285(INI)

Motion for a resolution
Paragraph 19
19. Insists on icomplementation ofiance with the Stability and Growth Pact, while making use of available fiscal space, inter alia, to deal with security threats and refugee inflows;
2016/01/12
Committee: ECON
Amendment 311 #

2015/2285(INI)

Motion for a resolution
Paragraph 20
20. Emphasises the need for improved tax collection in some Member States, fighting tax evasion and avoidance and improved tax policy coordinatcoordination of aggressive tax planning, tax avoidance and evasion;
2016/01/12
Committee: ECON
Amendment 321 #

2015/2285(INI)

Motion for a resolution
Paragraph 21
21. Supports all efforts towards improving the quality and growth-friendly character of public expenditure;deleted
2016/01/12
Committee: ECON
Amendment 338 #

2015/2285(INI)

Motion for a resolution
Paragraph 22
22. Welcomes the recommendation on the economic policy of the euro area as a way to deepen policy coordination in the follow-up to the Five Presidents’ Report;
2016/01/12
Committee: ECON
Amendment 351 #

2015/2285(INI)

Motion for a resolution
Paragraph 23
23. Emphasises that, given its high level of interdependence and the singleness of its monetary policy, the euro area needs to be viewed as one big macroeconomic entity where convergence must be promoted; calls therefore for an in-depth aggregate assessment of macroeconomic imbalances; in the euro area to complement the assessment of country-specific vulnerabilisists on introducing incentives; insists on full coherence between the euro area recom for the implemendtation andof country-specific recommendations for the Member States;
2016/01/12
Committee: ECON
Amendment 374 #

2015/2285(INI)

Motion for a resolution
Paragraph 25
25. Supports the recommendation to differentiate fiscal effort by individual Member States taking into account their respective positions vis-à-vis Stability and Growth Pact requirements and stabilisation needs, as well as spillover effects; notes that high-surplus countries have significant fiscal space which they could use to the benefit of their populations and the monetary union as a whole;
2016/01/12
Committee: ECON
Amendment 392 #

2015/2285(INI)

Motion for a resolution
Paragraph 26
26. Agrees that while the euro area’s high current account surplus of some of the members of the euro area is a welcome sign of the euro area’s external competitiveness, it also implies a lack of internal investment and a risk of euro appreciation when monetary policy starts to become less accommodative, with adverse effects on growth and employment;
2016/01/12
Committee: ECON
Amendment 405 #

2015/2285(INI)

Motion for a resolution
Paragraph 27
27. Emphasises the need to foster real economic and social convergence driven by improvements in productivity and non- cost factors; underlines the importance of; underlines that all Member States havingshould have sufficient investment capacity, enabling balanced and sustainable growth;
2016/01/12
Committee: ECON
Amendment 412 #

2015/2285(INI)

Motion for a resolution
Paragraph 28
28. Recognises the benefits of symmetrical adjustment, where regaining cost competitiveness does not require undergoing deflation which is detrimental to debt sustainability;deleted
2016/01/12
Committee: ECON
Amendment 421 #

2015/2285(INI)

Motion for a resolution
Paragraph 29
29. Calls for measures preventing aAcknowledges that there is no race to the bottom in terms of taxation and social standards, building on better use of social indicators in macroeconomic surveillance;
2016/01/12
Committee: ECON
Amendment 466 #

2015/2285(INI)

Motion for a resolution
Paragraph 34
34. Highlights the importance of national parliaments debating country reports and country-specific recommendations and voting on national reform programmes; in addition, calls in this context for stronger cooperation on the part of national parliaments with the European Parliament;
2016/01/12
Committee: ECON
Amendment 59 #

2015/2232(INI)

Motion for a resolution
Paragraph 1
1. Notes that up to now neither the 2012 Energy Efficiency Directive nor the 2010 Buildings Directive have been adequately implemented by the Member States; considers, therefore, that one reason why the energy efficiency targets are being achieved lies in the fact that citizens and undertakings themselves have an interest in low energy consumption and cutting costs; believes that this public opinion and attitude towards energy efficiency ensures predictability and investor stability while safeguarding a market driven approach;
2016/03/21
Committee: ITRE
Amendment 73 #

2015/2232(INI)

Motion for a resolution
Paragraph 2
2. Stresses that the directive’s flexibility has allowed many Member States to embark on energy efficiency measures; believes that alternative measures chosen by the Member States should be easily quantifiable;
2016/03/21
Committee: ITRE
Amendment 88 #

2015/2232(INI)

Motion for a resolution
Paragraph 3
3. Notes that 24 Member States have made use of the possibility of alternative measures to the energy efficiency obligation scheme to deliver end-use energy savings (Article 7), and 18 Member States have preferred alternative measures to the renovation quota (Article 5); criticises the fact that seven Member States have still not introduced energy audits (Article 8);
2016/03/21
Committee: ITRE
Amendment 94 #

2015/2232(INI)

Motion for a resolution
Paragraph 4
4. Stresses that some key elements of the Energy Efficiency Directive (smart meters, cogeneration, renovation plans) need more time in order to give administrations and undertakings an opportunity to launch projects and innovations; notes that while public demand and the market are the best drivers for these projects, a stable framework beyond 2020 can be supportive of this development;
2016/03/21
Committee: ITRE
Amendment 113 #

2015/2232(INI)

Motion for a resolution
Paragraph 5
5. Points out that the Energy Efficiency Directive became an Energy Saving Directive as a result of political decisions; calls for the focus of the directive to be turned more towards energy efficiency considerations, especially for buildings in which 50% of the EU energy is used for heating and cooling;
2016/03/21
Committee: ITRE
Amendment 137 #

2015/2232(INI)

Motion for a resolution
Paragraph 6
6. Criticises the 2 000 or so energy reporting obligations imposed on businesses, consumers and public authorities; regrets that it is ultimately electricity consumers who bear the consequences of an overly complex reporting system; criticises that the data obtained from reporting obligations is in many cases not comparable across the EU due to different national breakdowns, methodologies and standards; criticises the lack of oversight and data-evaluation, which does not distinguish between top- down and bottom-up methods, eventually leading to approximate estimations being compared with actual data;
2016/03/21
Committee: ITRE
Amendment 139 #

2015/2232(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Notes that the complexity in delivery of EED Article 7 varies hugely between Member States, with the number of policy measures involved ranging from one to 112;
2016/03/21
Committee: ITRE
Amendment 171 #

2015/2232(INI)

Motion for a resolution
Paragraph 9
9. Is concerned that European electricity prices for medium-sized industrial and business customers and private consumers are among the highest in the world; sees a role for energy efficiency to boost competitiveness;
2016/03/21
Committee: ITRE
Amendment 183 #

2015/2232(INI)

Motion for a resolution
Paragraph 10
10. INotes that while the principle of ‘energy efficiency first’ makes a cost- effective expansion of the share of renewable energy sources in the mix, but is concerned at the repercussions of general saving rules on the targets for expanding the use of renewable energy sources; takes the view that improved cross-regional distribution and storage systems provide good opportunities for the further expansion of optimal locations for wind, hydro and solar power to supply the whole of Europe; expects that this will have a dampening effect on energy prices;
2016/03/21
Committee: ITRE
Amendment 228 #

2015/2232(INI)

Motion for a resolution
Paragraph 13
13. Welcomes the positive impact that certification schemes or saving obligations (Article 7) are having in many Member States; considers the flexibility of the rules to be a major factor in guaranteeing their acceptance; asks that the calculation of certification schemes and energy-saving measures should not be hampered by overly restrictive interpretations and time limits; notes however, that ensuring that certified savings correspond to real life energy savings is crucial;
2016/03/21
Committee: ITRE
Amendment 237 #

2015/2232(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Asks for an assessment of possible interplays between energy efficiency, eco- design and energy efficiency labelling, and its impact on innovation and uptake of energy efficient products;
2016/03/21
Committee: ITRE
Amendment 255 #

2015/2232(INI)

Motion for a resolution
Paragraph 16
16. Calls in this connection for the Energy Efficiency Directive to be adapted in line with the EU’s climate protection targets for 2030, taking into account the non-binding commitments made by the EU at COP21;
2016/03/21
Committee: ITRE
Amendment 288 #

2015/2232(INI)

Motion for a resolution
Paragraph 18
18. Calls for an exchange of ideas among Member States on the saving obligations and building and renovation plans (Articles 4, 5, 6 and 7) with the aim of applying existing instruments (tax incentives, support programmes, model contracts) more quickly; calls for Commission guidelines for future national plans; welcomes the technical support from the Commission for the implementation of the EED;
2016/03/21
Committee: ITRE
Amendment 302 #

2015/2232(INI)

Motion for a resolution
Paragraph 19
19. Considers energy audits for businesses to be a proven means of boosting energy efficiency; calls for a uniform definition and enforcement of the criteria set out in Article 8 (definition of SME, audits, no double certification for cross-border business structures); asks for an investigation on the impact of standardised energy audits and energy management schemes on the competitiveness of European companies;
2016/03/21
Committee: ITRE
Amendment 304 #

2015/2232(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Recognises a distortion of data concerning the level of energy efficiency and energy efficiency activities of the Member States; asks for a comparable methodology of crediting the energy efficiency efforts and energy efficiency action plans undertaken by the Member States;
2016/03/21
Committee: ITRE
Amendment 305 #

2015/2232(INI)

Motion for a resolution
Paragraph 19 b (new)
19b. Asks for clear EU-norms and standards to make energy efficiency measures comparable across the European Union and to minimise the administrative burden of national systems;
2016/03/21
Committee: ITRE
Amendment 5 #

2015/2193(DEC)

Motion for a resolution
Paragraph 2
2. Notes that the Institute's budget monitoring efforts during the financial year 2014 resulted in a budget implementation rate of 94,13 %, representing; deplores the fact that this represents a decrease of 2,84 % compared with 2013; notes, furthermore, that the payment appropriations execution rate was 92,79 %,; deplores, similarly, the fact that this representings a decrease of 4,07 % compared with the previous year;
2016/03/04
Committee: CONT
Amendment 10 #

2015/2193(DEC)

Motion for a resolution
Paragraph 10
10. Notes that the Commission's Internal Audit Service (IAS) carried out a follow- up audit in February 2014 in order to review the implementation of actions stemming from the “limited review” it performed in 2012; notes that the IAS issued a final follow-up report in June 2014, in which it acknowledged progress made by the Institute, closed two recommendations out of the original six, re-rated one from “critical” to “very important”; observes that the IAS still considered a number of actions as open; calls on the Institute to complete the actions in question without delay and to inform the discharge authority of the outcome of the next IAS evaluation as regards the implementation of those recommendations;
2016/03/04
Committee: CONT
Amendment 5 #

2015/2189(DEC)

Motion for a resolution
Paragraph 5
5. Acknowledges from the Authority that the majority of issues related to carryovers will diminish during 2016 when an advanced level of maturity of the Authority’s IT capability is expected; notes in particular that the majority of carryovers are related to contractual obligations which the Authority entered into in 2014, but for which services delivery partially took place in 2015; further notes that, in addition to the IT projects, the carryovers covered expert reimbursements under the “Common Supervisory Culture” project, as well as meetings, missions and translations with an operational purpose; calls on the Authority to improve the management of external contracts in future and bring it into line with the principles of sustainable and stable budgetary management;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2189(DEC)

Motion for a resolution
Paragraph 6 a (new)
6a. Urges the Authority to keep carryovers to the next financial year to a minimum in future;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2187(DEC)

Motion for a resolution
Paragraph 3 a (new)
3a. Calls on the Institute in future to keep the level of committed appropriations carried over to the following year as low as possible;
2016/03/04
Committee: CONT
Amendment 7 #

2015/2187(DEC)

Motion for a resolution
Paragraph 5 a (new)
5a. Points out that the Institute must scrutinise conflict-of-interest declarations by its members, administrative staff and experts and publish the report concerned without delay;
2016/03/04
Committee: CONT
Amendment 7 #

2015/2186(DEC)

Motion for a resolution
Paragraph 3 a (new)
3a. Calls on the Office in future to keep the level of committed appropriations carried over as low as possible, in order to comply more effectively with its duties of transparency and accountability;
2016/03/04
Committee: CONT
Amendment 5 #

2015/2183(DEC)

Motion for a resolution
Paragraph 5 a (new)
5a. Calls on the Agency in future to keep the level of committed appropriations carried over to the following year as low as possible, and to disclose transfers of appropriations to other budget headings, in order, in so doing, to comply with its duty of accountability;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2183(DEC)

Motion for a resolution
Paragraph 6
6. Notes from the Agency that it adopted its policy on the prevention and management of conflicts of interest in October 2014; observes that the conflicts of interest policy requests that the Agency’s Administrative Board Members and its management staff provide a declaration of conflicts of interests; notes that the declarations of conflicts of interest signed by the Agency’s Administrative Board Members and its management staff were made publicly available; takes note that the publication of the CVs of the Agency’s management staff was declared to be optional under the conflicts of interest policy and that all four members of the Agency’s management provided their CV for publication; encourages the Agency’s Administrative Board Members to submit without delay their declarations of conflicts of interest for further publication on the Agency’s website in order to act on the Agency's duties of transparency and accountability;
2016/03/04
Committee: CONT
Amendment 8 #

2015/2183(DEC)

Motion for a resolution
Paragraph 13
13. Notes with satisfaction that the Agency is committed to having in place a section of its website presenting the Agency in all the official languages of the Union, as well as in Galician in view of the location of the seat of the Agency; encourages the Agency to proceed, within the limits of available resources, in order to enhance the visibility and reputation of the Agency;
2016/03/04
Committee: CONT
Amendment 7 #

2015/2180(DEC)

Motion for a resolution
Paragraph 6
6. Points out that the College improved its budget-monitoring system by implementing monthly budget reports and periodic meetings between all actors in the financial circuit in order to analyse and minimise potential carry-overs; notes with satisfaction that, as a result, the last five years have showed a continuous decrease in percentage points of the level of carry- overs and cancellations; calls on the College to reduce further the level of committed appropriations carried over to the following year and to keep it as low as possible;
2016/03/04
Committee: CONT
Amendment 8 #

2015/2180(DEC)

Motion for a resolution
Paragraph 7
7. Ascertains from the College that it adopted guidelines on scoring applicants as well as a shortlisting matrix, both of which are used by the Selection Committee in recruitment procedures and link the scoring thresholds to the justification behind them; notes that these guidelines were applied for the recruitment rounds starting in April 2014; calls on the College to inform the discharge authority of the final assessment of the guidelines as soon as they are evaluated by the Court and the Commission’s Internal Audit Service (IAS); calls on the College to incorporate any improvements needed into its guidelines without delay;
2016/03/04
Committee: CONT
Amendment 5 #

2015/2179(DEC)

Motion for a resolution
Paragraph 2 a (new)
2a. Calls on the Agency as far as possible to reduce the level of committed appropriations carried over in the future in order to strengthen transparency and accountability;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2179(DEC)

Motion for a resolution
Paragraph 6
6. Ascertains that the Agency published the CVs and declarations of conflicts of interests of the majority of its Administrative Board members; notes that the Agency is set to publish the remainingregrets, however, that some declarations of conflicts of interests of its Administrative Board members as well as of its management staff are still pending; expressly notes that this practice does not further transparency and consequently the Agency should publish the remaining declarations without delay;
2016/03/04
Committee: CONT
Amendment 5 #

2015/2177(DEC)

Motion for a resolution
Paragraph 4 a (new)
4a. Calls on the Centre to continue as far as possible to reduce the level of committed appropriations carried over in the future by means of all available measures, for example by adopting best practice used in other agencies;
2016/03/04
Committee: CONT
Amendment 7 #

2015/2177(DEC)

Motion for a resolution
Paragraph 6
6. Notes that with regard to its procurement procedures, the Centre has put specific focus on ensuring consistency in all tender documents; notes that the Centre’s revised Committee on Procurement, Contracts and Grants is providing an additional quality control mechanism; calls on the Centre in particular to carry out careful checks on conflicts of interest in relation to tenders, procurement, recruitment and contracts in order to strengthen transparency;
2016/03/04
Committee: CONT
Amendment 13 #

2015/2176(DEC)

Motion for a resolution
Paragraph 5
5. Ascertains that, in order to attain both working with the top academics in the industry and having the most effective conflicts of interest policy possible, the Authority uses a system to assess the experts’ interests, which takes into account the role of the experts and the mandate of the scientific working group or panel of which the expert would be a member against a number of different criteria; notes, furthermore, that in 2016 the Authority will undertake an examination of the systems it has in place to detect conflicts of interest as part of the regular cycle of review of its independence policy; asks the Authority to inform the discharge authority about the outcomes of the review and the necessary adjustments to the procedures for selecting experts and checking their credentials;
2016/03/04
Committee: CONT
Amendment 27 #

2015/2176(DEC)

Motion for a resolution
Paragraph 9
9. Takes note that the Authority's staff are legally bound to comply with the Staff Regulations1 regarding future employment; notes, in addition, that the assessment of staff’s future employment occurs on a systematic basis, and that if the Authority’s Executive Director may exercise his right to set conditions related to that employment or restrict it in case the employment is considered to be a potential conflict of interestsemployment is considered to be a potential conflict of interest no appointment should be made until that potential conflict has been resolved on the basis of clear, transparent and verifiable criteria; points out that in 2013, of the 29 statutory staff members that left the employment at the Authority, three went to the chemical/pharmaceutical sector with a range of restrictions put in place for these individuals; acknowledges that the Authority considers that a clear legal and governance framework on revolving doors is already in place; __________________ 1 Regulation (EU, Euratom) No 1023/2013 of the European Parliament and of the Council of 22 October 2013 amending the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union (OJ L 287, 29.10.2013, p. 15)..
2016/03/04
Committee: CONT
Amendment 28 #

2015/2176(DEC)

Motion for a resolution
Paragraph 10
10. Acknowledges that the Authority carried out an internal exercise to assess the impact of removing the possibility for experts to anonymise certain interests in their declarations of interest; notes from the Authority that the practice of anonymising interests has been used on very few occasions in the past; notes furthermore that for the latest renewal of panel members in 2015, no scientific experts chose to anonymise their interests; notes with satisfaction that the Authority no longer accepts anonymised interests and has withdrawn this option for experts when completing their declaration of interests; asks the Authority to check the declarations submitted by experts who were appointed before 2015 and who took advantage of the option of anonymising their interests;
2016/03/04
Committee: CONT
Amendment 5 #

2015/2175(DEC)

Motion for a resolution
Paragraph 1 – indent 2
- it reviewed and verified a high number of declarations of interest in order to ensure that it is compliant with its policy on prevention and management of conflicts of interest; notes, furthermore, that no revolving door cases were registered; regrets, however, that explanations concerning conflicts of interest on the part of various board members and administrative staff are still to be provided or verified; highlights the fact that, in the interests of increased transparency, this must happen as soon as possible;
2016/03/04
Committee: CONT
Amendment 7 #

2015/2175(DEC)

Motion for a resolution
Paragraph 3 a (new)
3a. Informs the agency that it should keep the amount of the committed appropriations carried over to the following year to the minimum in the interests of transparency and accountability;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2171(DEC)

Motion for a resolution
Paragraph 3
3. Notes that budget monitoring efforts during the financial year 2014 resulted in a budget implementation rate of 94,32 %,; regrets, however that this representings a decrease of 2,44 % compared with the previous year; notes furthermore that the payment appropriations execution rate was at 82,30 %,; regrets that, here again, this representings a decrease of 3,98 %;
2016/03/04
Committee: CONT
Amendment 7 #

2015/2171(DEC)

Motion for a resolution
Paragraph 5 a (new)
5a. Calls on the Agency as far as possible to reduce the level of committed appropriations carried over in the future in order to strengthen transparency and accountability;
2016/03/04
Committee: CONT
Amendment 8 #

2015/2171(DEC)

Motion for a resolution
Paragraph 7
7. Takes note from the Agency that, in order to increase the level of human resources allocated to operational tasks, it is further improving its recruitment and resource planning procedures; ascertains from the Court's Report that in 2014 the Agency concluded an EUR 15 000 000 framework contract for high-level management consultancy services covering the 2014-2017 period; notes that the objectives and activities to be carried out were not sufficiently specific to justify the procurement decision or the volume of the contract; calls on the Agency therefore, in the interests of transparency and accountability, to ensure that the objectives and activities to be carried out are in fact specified; notes furthermore that the Court found no evidence that the Agency’s Management Board had been consulted on the procurement decision; acknowledges from the Agency that consulting its Management Board in this case was not required by the financial rules;;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2170(DEC)

Motion for a resolution
Paragraph 5
5. Notes from the Centre that at the start of 2014, five recommendations which were issued by the Commission’s Internal Audit Service (IAS) remained open; ascertains from the Centre that it implemented corrective actions and closed two recommendations; notes, furthermore, that the remaining two recommendations rated as "Very Important" and one rated as "Important" were set to be implemented; calls on the Centre to implement these remaining recommendations as soon as possible and to keep the discharge authority informed;
2016/03/04
Committee: CONT
Amendment 5 #

2015/2167(DEC)

Motion for a resolution
Paragraph 3 a (new)
3a. Welcomes the accelerated implementation of the ICT strategy, but calls on the Centre in future to keep the level of committed appropriations carried over to the following year as low as possible;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2161(DEC)

Motion for a resolution
Paragraph 6
6. Notes the creation of a new post designated as "own-initiative inquiry coordinator"; finds the justification for that creation general and vague; invitescalls on the Ombudsman to indicate whether this is part of a broader structuring and to identify the coordinator's tasks;
2016/03/04
Committee: CONT
Amendment 24 #

2015/2161(DEC)

Motion for a resolution
Paragraph 13
13. Asks the Ombudsman, with a view to ensuring greater transparency, to include in the AAR a table of all human resources broken down by nationality, gender and grade;
2016/03/04
Committee: CONT
Amendment 28 #

2015/2159(DEC)

Motion for a resolution
Paragraph 22
22. Notes the EESC’s effort to raise its profile through an effective information and communication policy; will welcome, in that connection, any further efforts on the EESC’s part to improve the flow of information and, hence, transparency;
2016/03/04
Committee: CONT
Amendment 6 #

2015/2147(INI)

Draft opinion
Paragraph 1
1. Stresses that stimulating growth, innovation, consumer choice and competitiveness is of the utmost importance and believes that the digital single market is key to achieving this objective by removing barriers to trade, incorporating innovations more effectively, increasing productivity, streamlining processes for online businesses and supporting creators, investors and consumers; calls in this regard for competitiveness tests on all new proposals;
2015/09/24
Committee: JURI
Amendment 10 #

2015/2147(INI)

Draft opinion
Paragraph 1 a (new)
1a. Stresses the important role of data in ensuring that the transport sector can benefit from the Digital Single Market; therefore welcomes the Commission's announcement of its Free Flow of Data initiative intended to remove existing barriers to the cross-border flow of data;
2015/09/23
Committee: TRAN
Amendment 19 #

2015/2147(INI)

Draft opinion
Paragraph 2
2. Notes that, in order to achieve economic convergence through European regions, the digital divide must to be reduced substantially and access to the internet guaranteed to all European citizens and companies; encourages further public and private investment in infrastructure, particularly by establishing a regulatory framework which creates more incentives for private investment in electronic communications infrastructure; welcomes the European Fund for Strategic Investments (EFSI)’s intended efforts in this area;
2015/10/19
Committee: ECON
Amendment 42 #

2015/2147(INI)

Draft opinion
Paragraph 3 a (new)
3a. Stresses the importance of adequate infrastructure in ensuring that the transport sector can become a beneficiary of the Digital Single Market; stresses that a cross-border Digital Single Market needs transparent transport and portability criteria for data, as well as appropriate cross-border mechanisms; calls on the Member States to devise a modern and future-proof regulatory framework to stimulate further investment in the network infrastructure that will be needed for a digital and interconnected transport sector;
2015/09/23
Committee: TRAN
Amendment 73 #

2015/2147(INI)

Motion for a resolution
Recital B
B. whereas all Union policies and legislation in the area of the Digital Single Market should allow new opportunities for users and businesses to emerge, especially within today’s service society, while taking a holistic approach that considers their social dimensionose industrial component should be expanded once again, while taking a holistic approach that not only lays down similar rules for similar services, but also considers their social dimension and, above all, the moves to reindustrialise Europe as they inevitably involve structural changes;
2015/10/21
Committee: ITREIMCO
Amendment 83 #

2015/2147(INI)

Draft opinion
Paragraph 5
5. Supports the Commission’s decision to review internet platforms; encourages the Commission to create a legislative framework ensuring the development of innovative ideas, protection of work standardsconsumers and work standards, fair competition and compliance with existing fiscal rules;
2015/10/19
Committee: ECON
Amendment 98 #

2015/2147(INI)

Motion for a resolution
Recital C
C. whereas 75% of the value added by the digital economy comes from traditional industry; whereas its integration of digital technology remains weak, with only 1.7% of EU enterprises making full use of advanced digital technologies and 147% of SMEs using the internet as a sales channel, not least as a result of problems which arise when goods and services cross borders; whereas Europe has fallen behind other economic areas as regards the introduction of digital technologies, services and products, and whereas the potential which a digital single market offers for reindustrialisation and for making the European economy more competitive is enormous;
2015/10/21
Committee: ITREIMCO
Amendment 131 #

2015/2147(INI)

Motion for a resolution
Recital D
D. whereas a high and consistent level of consumer protection and satisfaction across all digital services necessarily entails choice, flexibility, information and trust in a secure online environment with high-level of data protection;
2015/10/21
Committee: ITREIMCO
Amendment 133 #

2015/2147(INI)

Motion for a resolution
Recital D a (new)
Da. whereas a regulatory environment which creates incentives for investment in network and telecommunications infrastructure is a prerequisite for a flourishing digital single market;
2015/10/21
Committee: ITREIMCO
Amendment 137 #

2015/2147(INI)

Draft opinion
Paragraph 4
4. Considers that copyright enforcement is important and therefore calls for a modernised approach to the enforcement of intellectual property rights online, particularly with regard to commercial- scale infringement; calls on the Commission to ensure that intellectual property rights do not pose excessive barriers to the digital single market but must be seen as an advantage, in order to protect intellectual property while at the same time removing barriers in innovative sectors in order to resolve problems in the area of services and content;
2015/09/28
Committee: JURI
Amendment 143 #

2015/2147(INI)

Motion for a resolution
Recital D a (new)
Da. whereas the timely roll-out of future communication networks in Europe, such as 5G will depend on the creation of an investment-conducive environment;
2015/10/21
Committee: ITREIMCO
Amendment 160 #

2015/2147(INI)

Draft opinion
Paragraph 5
5. Welcomes the Commission’s aim to withdraw the proposal on a Common European Sales Law and the intention to propose rules for digital content; notes the proposal to introduce the ‘home option’ in order to bring down barriers to cross- border trade; insists on the need for comprehensive evidence and consultation with stakeholders before this approach is pursued, in particular as regards the impact it would have on the current protection provided to consumers under national law, especially in terms of remedies for failure to comply with the terms of contracts for online sales.;
2015/09/28
Committee: JURI
Amendment 170 #

2015/2147(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the Communication on ‘A Digital Single Market Strategy for Europe’; believes that the horizontal approach taken needs to be strengthened in its implementation as the digital sectordrivers affects every dimension of society and the economy;
2015/10/21
Committee: ITREIMCO
Amendment 193 #

2015/2147(INI)

Motion for a resolution
Paragraph 2
2. Believes that better regulation should help to examine policy through a digital lens and facilitate the adaptation of legislation and enforcement frameworks in the light of new technologies and new business models to prevent fragmentation of the single marketorder to prevent fragmentation of the single market and foster the introduction of new technologies and social models;
2015/10/21
Committee: ITREIMCO
Amendment 218 #

2015/2147(INI)

Motion for a resolution
Paragraph 3
3. Considers that users’ trust in digital services is, the digital economy and integrated digital business models are vital to innovation and growth in both the digital and the real economy and that reinforcing that trust should be at the basis of both public policy and business models;
2015/10/21
Committee: ITREIMCO
Amendment 253 #

2015/2147(INI)

Motion for a resolution
Paragraph 4
4. Stresses the urgent need for the Commission and Member States to promote a more dynamic economy for innovation to flourish and for companies to scale up, through the development of e- government, a modernised regulatory frameworkand non-regulatory framework for the digital economy that is fit for investments in enhanced digital infrastructures fit for the emergence and scale- up of innovative businesses, and a long term investment strategy into boost digital infrastructure, skills, research and innovation;
2015/10/21
Committee: ITREIMCO
Amendment 254 #

2015/2147(INI)

Motion for a resolution
Paragraph 4
4. Stresses the urgent need for the Commission and Member States to promote a more dynamic economy for innovation to flourish and for companies to scale up, through the development of e- government, a modernised, integrated regulatory framework fit for the requisite investment in network technologies and standards and for the emergence and scale- up of Europe’s innovative businesses, and a long term investment strategy in infrastructure, skills, research and innovation;
2015/10/21
Committee: ITREIMCO
Amendment 271 #

2015/2147(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Calls on the Commission to support the digitalisation of industry through an agenda for smart industry, including by facilitating EU and global standards- setting and interoperability;
2015/10/21
Committee: ITREIMCO
Amendment 284 #

2015/2147(INI)

Motion for a resolution
Paragraph 5
5. Calls on the Commission, in cooperation with Member States, to further develop initiatives to boost entrepreneurship that range from changing the mind-set on how success is defined to promoting an entrepreneurial and innovation culture; believes, in addition, that the diversity and specific attributes of the different national innovation hubs could be turned into a real competitive advantage for the EU if they are effectively interconnected and given a suitably flexible regulatory environment in which to operate;
2015/10/21
Committee: ITREIMCO
Amendment 288 #

2015/2147(INI)

Motion for a resolution
Paragraph 5
5. Calls on the Commission, in cooperation with Member States, to further develop initiatives to boost entrepreneurship that range from changing the mind-set on how success is defined to promoting an entrepreneurial and innovation culture; believes, in addition, that the diversity and specific attributes of the different national innovation hubs could be turned into a real competitive advantage for the EU on the global market if they are effectively interconnected;
2015/10/21
Committee: ITREIMCO
Amendment 314 #

2015/2147(INI)

Motion for a resolution
Paragraph 6
6. Is concerned about the different national approaches taken to regulating the internet and the sharing economy; urges the Commission to take action to preserve the integrity of the single market and the internet as an open and global platform for communication and innovation which makes for and encourages fair competition whilst safeguarding stringent consumer protection standards;
2015/10/21
Committee: ITREIMCO
Amendment 373 #

2015/2147(INI)

Motion for a resolution
Paragraph 7
7. Welcomes the Commission’s initiative to improve the legal protection of consumers as regards intangible digital content; points out that while consumers buying tangible digital content are protected by consumer protection laws, consumer rights when buying intangible digital content remain largely unregulated; agrees that consumers should enjoy a comparable level of protection regardless of whether they purchase digital content online or offline; observes that, in addition, this comparable level of protection of consumers should extend beyond the field of e-commerce and form part of a holistic approach to the internal market; draws particular attention to the problems of undertakings which offer and/or provide these services, the problem of geo-blocking and the problems with the correct charging and payment of VAT at its various rates in cross-border transactions;
2015/10/21
Committee: ITREIMCO
Amendment 389 #

2015/2147(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Calls for an effective digital single market to enable end users to rely on consistent standards of protection and to give undertakings an assurance that they are operating within a fair and reliable regulatory framework, which provides for similar rules for similar services and products;
2015/10/21
Committee: ITREIMCO
Amendment 418 #

2015/2147(INI)

Motion for a resolution
Paragraph 8
8. Believes that a full harmonisation of the legal framework governing online sales irrespective of whether they are cross- border or domestic sales, while maintaining the coherence of online and offline rules regarding legal remedies, constitutes the most practical and proportionate approach; acknowledges that a harmonised approach is efficient only if it reconciles efficient protection of final consumers with minimised and proportionate costs for undertakings; draws attention, in this context, to the problems with the correct charging and payment of VAT on digital products and services;
2015/10/21
Committee: ITREIMCO
Amendment 491 #

2015/2147(INI)

Motion for a resolution
Paragraph 14
14. Calls for an ambitious enforcement framework for the Servicelegislation on consumer protection, especially the Services Directive, Unfair Commercial Practices Directive and Consumer Rights Directive; encourages the Commission to make use of all means at its disposal to ensure the full and correct implementation of existing rules, including fast-track infringement procedures whenever incorrect or insufficient implementation of the directive is identified;
2015/10/21
Committee: ITREIMCO
Amendment 578 #

2015/2147(INI)

Motion for a resolution
Paragraph 16
16. Considers that ambitious actions are needed to improve EU-wide access to legal digital content, in particular by ending geo- blocking practices and unfair price discrimination based on geographical location;
2015/10/21
Committee: ITREIMCO
Amendment 645 #

2015/2147(INI)

Motion for a resolution
Paragraph 19
19. Emphasises that incentivising private investments in fast and ultra-fast communication networks is a requirement for any digital progress, with competition remaining the main driver of; considers that, while maintaining sustainable competition, a regulatory framework should be established which creates incentives for infrastructure investments, innovation, affordable prices and choices for consumers; considers that little evidence existsstresses that, in the still fragmented European telecommunications market, of a linkpolitical decision-makers should consider carefully the relationship between consolidation of operators and increased investment in networks;
2015/10/21
Committee: ITREIMCO
Amendment 646 #

2015/2147(INI)

Motion for a resolution
Paragraph 19
19. Emphasises that incentivising private investments in fast and ultra-fast communication networks is a requirement for any digital progress, with competition remaining the main driver of especially in industry 4.0, IoT, mhealth and telemedicine solutions. To this end, while safeguarding sustainable competition, the EU should put in place a regulatory framework which incentivises infrastructure investments, innovation, and affordable prices and choices for consumers; considers that little evidence existpolicy makers should carefully assess, in the still fragmented European telecommunications market, of a linkthe relationship between consolidation of operators and increased investment in networks;
2015/10/21
Committee: ITREIMCO
Amendment 668 #

2015/2147(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Observes that there is still a shortfall of investment which absolutely must be overcome in order to attain the objectives of the digital agenda; considers that, to this end, regulatory incentives are needed for private investors and existing incentives should also be reviewed;
2015/10/21
Committee: ITREIMCO
Amendment 679 #

2015/2147(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Believes that a modernised framework should focus on infrastructure-based competition as the main driver for NGA roll-out, including the establishment of a regulatory framework to foster private investment;
2015/10/21
Committee: ITREIMCO
Amendment 684 #

2015/2147(INI)

Motion for a resolution
Paragraph 19 b (new)
19b. Acknowledges the importance of public investment in the expansion of broadband, and calls in addition for priority to be assigned to private investment in the expansion of networks and cabling;
2015/10/21
Committee: ITREIMCO
Amendment 698 #

2015/2147(INI)

Motion for a resolution
Paragraph 20
20. Stresses that since the development of over-the-top services has increased demand and competition to the benefit of consumers, modernisation of the telecommunication framework should not lead to more regulatory burdens, but should drive innovation and fair competition, although the diversity of services from different categories of providers has increased demand and competition to the benefit of consumers, the development of over-the-top services has led to a fragmentation of consumer protection standards; notes, therefore, that modernisation of the telecommunication framework should not lead to more regulatory burdens, but should focus on consistent protection standards throughout the EU, irrespective of the type of provider, and should reflect the consumption habits of users, while also driving innovation, innovation, and fair and sustainable competition; considers, in this connection, that simplification and technology neutrality should be the key factors in launching this modernisation process;
2015/10/22
Committee: ITREIMCO
Amendment 710 #

2015/2147(INI)

Motion for a resolution
Paragraph 20
20. Stresses that sincwhile the development of over-the-top and other digital services hasve increased demand and competition to the benefit of consumers, modernisation of the telecommunication framework shouldconsumer protection standards are fragmented. Therefore modernisation of the telecommunication framework should aim at consistent level of consumer rights across digital industry, not lead to more regulatory burdens, but shouland drive innovation and fair competition across digital markets;
2015/10/22
Committee: ITREIMCO
Amendment 738 #

2015/2147(INI)

Motion for a resolution
Paragraph 21
21. Calls as a priority for a harmonised framework for spectrum allocation to boost long-term infrastructure investmentsincluding harmonised rules for allocation design, allocation timeframes, license conditions and spectrum use to boost long-term infrastructure investments as well as simplify conditions for deployment of WI-FI hotspot networks and small cells; Emphasis that Europe should benefit from opportunities in the consolidation of the European telecom market; Further point out that the spectrum is an essential resource for the Internet of Everything era;
2015/10/22
Committee: ITREIMCO
Amendment 747 #

2015/2147(INI)

Motion for a resolution
Paragraph 21
21. Calls as a priority for a harmonised framework for spectrum allocation to boost long-term infrastructure investments; stresses the urgency of maximising spectrum allocation in view of the enormous and growing expansion of mobile data traffic;
2015/10/22
Committee: ITREIMCO
Amendment 785 #

2015/2147(INI)

Motion for a resolution
Paragraph 22
22. Stresses that uniform enforcement of the Connected Continent package, including the end of roaming surcharges and the net neutrality principle, requires the establishment of a single European telecommunications regulatorconsistent implementation in the Member States;
2015/10/22
Committee: ITREIMCO
Amendment 814 #

2015/2147(INI)

Motion for a resolution
Paragraph 23
23. Urges the Commission to develop an innovation-friendly policy that fosters fair competition between, and innovation in, online platforms; considers that the priorities should be transparency, facilitation of switching between platforms or online services, access to platforms, non-discrimination and access to platforms for end-users as well as B2B multichannel commerce platforms and identifying and addressing barriers to the emergence and scale-up of platforms;
2015/10/22
Committee: ITREIMCO
Amendment 823 #

2015/2147(INI)

Motion for a resolution
Paragraph 23
23. Urges the Commission to develop an innovation-friendly policy that fosters fair competition between, and innovation in, online platforms and simplifies market entry for undertakings; considers that the priorities should be transparency, facilitation of switching between platforms or online services, access to platforms, and identifying and addressing barriers to the emergence and scale-up of platforms;
2015/10/22
Committee: ITREIMCO
Amendment 853 #

2015/2147(INI)

Motion for a resolution
Paragraph 24
24. Appreciates the Commission's initiative to analyse the role of platforms in the Digital Economy as part of the upcoming Internal Market Strategy, ensuring a comprehensive and similar approach to framework across the digital market; considers that "a one size fits all" solution may have a chilling effect on innovation and put European companies at a competitive disadvantage in the global economy; underlines the need of appropriate application of tools existing in the current legislation in this field;
2015/10/22
Committee: ITREIMCO
Amendment 861 #

2015/2147(INI)

Motion for a resolution
Paragraph 24
24. Appreciates the Commission’s initiative to analyse the role of platforms in the Digital Economy as part of the upcoming Internal Market Strategy; notes the need for a consistent regulatory approach to the digital single market;
2015/10/22
Committee: ITREIMCO
Amendment 911 #

2015/2147(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Stress that appropriate intermediary liability protections have underpinned the development of an open internet and are crucial for the protection of fundamental rights in particular freedom of expression;
2015/10/22
Committee: ITREIMCO
Amendment 912 #

2015/2147(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Calls for a review of existing legislation for regulatory tools already at hand for determining their stage of implementation, their fitness for purpose for the challenges and opportunities of the Digital Single Market and for determining legislative and regulatory gaps that need to be addressed; is of the opinion that there are already a lot of existing tools fit for purpose for the Digital Single Market, in particular the Services Directive on unfair price discrimination; acknowledges that implementation and compliance with these tools needs to be enhanced so to avoid duplication of regulations and legislations; asks, in order to avoid specific DSM-regulations to upgrade already existing tools to be fit for purpose of the DSM; asks for new regulations only where clear regulatory gaps are identified, that cannot be filled by upgrading or better implementing already existing legislation;
2015/10/22
Committee: ITREIMCO
Amendment 924 #

2015/2147(INI)

Motion for a resolution
Paragraph 26
26. Considers, in order to ensure trust in digital services, that increased resources from the public and private sector are required to strengthen the security of IT systems, critical infrastructure and online networks and the encryption of communication, to improve cyber-attack prevention and to increase knowledge of basic security processes among users of digital services; calls for the harmonised EU response in the area of cybersecurity;
2015/10/22
Committee: ITREIMCO
Amendment 927 #

2015/2147(INI)

Motion for a resolution
Paragraph 26
26. Considers, in order to ensure trust in digital services, that increased resources from the public and private sector are required to strengthen the security of IT systems and online networks and the encryption of communication, to improve cyber-attack prevention and to increase knowledge of basic security processes among users of digital services; also takes the view that greater efforts should be made in the fields of anonymisation and pseudonymisation;
2015/10/22
Committee: ITREIMCO
Amendment 116 #

2015/2140(INI)

Motion for a resolution
Paragraph 10
10. Notes that the original market models of the competition policy are frequently inappropriate for the digital economy, and the use of price-based indicators in this dynamic economic sector often fails to achieve the desired outcome; calls, therefore, for greater attention to be focused on the new business models used by digital companies and for new assessment criteria to be applied to those companies; calls also for the specific market structures in the digital economy to be taken more fully into account;
2015/10/21
Committee: ECON
Amendment 133 #

2015/2140(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Points out that, for the purposes of defining the relevant market, especially in the digital economy, the global standard can also be applied to European companies;
2015/10/21
Committee: ECON
Amendment 146 #

2015/2140(INI)

Motion for a resolution
Paragraph 12
12. Calls on the Commission, in the Member States and at regional and communal administrative levels, to actively promote compliance with European competition policy and to explain the legal position; sees a need for action particularly in raising awareness in all parts of the European Union with regard to the classification and granting of illegal State aid, especially when this is tantamount to anticompetitive and protectionist measures;
2015/10/21
Committee: ECON
Amendment 164 #

2015/2140(INI)

Motion for a resolution
Paragraph 15 a (new)
15a. Welcomes the fact that, as part of the modernisation of State aid law, the Commission is taking the initiative of issuing new guidelines that will make it clear what is meant by State aid in the tax sphere and appropriate transfer pricing;
2015/10/21
Committee: ECON
Amendment 263 #

2015/2140(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Emphasises that comprehensive, transparent and effective exchanges of tax information are a key prerequisite for preventing aggressive tax planning; stresses, at the same time, that simplifying tax arrangements at Member State level would do much to foster transparency and clarity;
2015/10/21
Committee: ECON
Amendment 270 #

2015/2140(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Welcomes, in this context, the work of the Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE);
2015/10/21
Committee: ECON
Amendment 279 #

2015/2140(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Calls on the Commission to make full use of its powers under EU competition rules to tackle harmful tax practices;
2015/10/21
Committee: ECON
Amendment 288 #

2015/2140(INI)

Motion for a resolution
Paragraph 26 a (new)
26a. Notes that in the area of competition law the European Parliament is involved in the legislative process only through the consultation procedure, with the result that it can exert much less influence on legislation than the Commission and Council;
2015/10/21
Committee: ECON
Amendment 293 #

2015/2140(INI)

Motion for a resolution
Paragraph 27 a (new)
27a. Calls for the scope of the ordinary legislative procedure under the Lisbon Treaty to be expanded to cover competition law as well;
2015/10/21
Committee: ECON
Amendment 4 #

2015/2127(INI)

Draft opinion
Paragraph 1
1. Takes note of the 2014 EIB Annual Report and the increase by 6.92% to EUR 80.3 billion in the EIB Group’s lending, which has made it possible to provide support for 285 000 small and medium-sized enterprises and to secure 3.6 million jobs; is very concerned at the increasing high unemployment, inequality andcreasing poverty levels, and persistent macroeconomic imbalances in some Member States and at the weak investment and the continuous uncertainty in the financial markets; emphasises, in that connection, the importance of significant further investment for growth and employment in Europe, and draws attention to the EUR 300 billion shortfall in investment by comparison with pre-crisis levels;
2015/11/06
Committee: ECON
Amendment 5 #

2015/2127(INI)

Motion for a resolution
Recital H a (new)
Ha. whereas in 2014 the EIF supported 175 000 enterprises throughout Europe and had a stake in 74 private equity funds;
2015/11/30
Committee: CONT
Amendment 6 #

2015/2127(INI)

Motion for a resolution
Recital I a (new)
Ia. whereas for the first time the EIB has been issued with a risk enhancement mandate with a view to reviving the SME securitisation market;
2015/11/30
Committee: CONT
Amendment 7 #

2015/2127(INI)

Motion for a resolution
Recital J
J. whereas EIB financing of operations outside the EU is designed to support the EU’s external policy objectives, in line with Union values and on a basis of respect for sustainable social and environmental standards; whereas this applies in particular to projects which, in the context of the refugee and migration crisis, are designed to give people more reasons to stay where they are;
2015/11/30
Committee: CONT
Amendment 9 #

2015/2127(INI)

Draft opinion
Paragraph 1 a (new)
1a. Welcomes, in particular, the introduction of a new range of products for European innovators of all sizes, the setting-up of an advisory service for large- scale R&D projects, the investments in strategic infrastructure and the first bond scheme for broadband network projects;
2015/11/06
Committee: ECON
Amendment 10 #

2015/2127(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the EIB’s Annual Reports for 2014 and its achievements presented in them, and strongly encourages the EIB to redouble its efforts to materially contribute to curbing the current atonic economic environment and investment shortfall of roughly EUR 300 billion;
2015/11/30
Committee: CONT
Amendment 10 #

2015/2127(INI)

Draft opinion
Paragraph 1 b (new)
1b. Takes the view that, following the annulment of the Safe Harbour Agreement by the CJEU, funding is needed for the development of data centres with a view to pushing ahead with the digitisation of the European economy and restoring consumers' trust;
2015/11/06
Committee: ECON
Amendment 11 #

2015/2127(INI)

Draft opinion
Paragraph 1 c (new)
1c. Welcomes the provision of risk financing instruments for start-ups and growing enterprises to fund research and innovation activities;
2015/11/06
Committee: ECON
Amendment 12 #

2015/2127(INI)

Motion for a resolution
Paragraph 2
2. Welcomes, in particular, the fact that in 2014 the EIB funded 285 000 small and medium-sized enterprises, thus safeguarding 3.6 million jobs, and signed contracts for a total of 413 projects within the EU worth EUR 69 billion and 92 new projects outside the EU for a total of EUR 7.98 billion; also welcomes the fact that in the same year the EIF committed EUR 3.3 billion through its equity and guarantee activities for the benefit of smaller businesses, thus registering the successful implementation of one of the EIB’s most ambitious business plans, with a total of EUR 80.3 billion in EIB Group financing;
2015/11/30
Committee: CONT
Amendment 13 #

2015/2127(INI)

Draft opinion
Paragraph 2
2. Regrets that EU investment in 2013 decreased by 13% compared with the pre- crisis period with investment in some countries decreasing 25% and even by as much as 60% in others, creating a dangerousn investment imbalance in thsome EU Member States; is of the opinion that this constitutes a major challenge for the EIB; takes the view, however, that the Member States hardest hit by the decline in investment should focus more closely on implementing structural reforms and consolidating their budgets and on creating conditions conducive to investment, paying particular attention to alternative financing instruments;
2015/11/06
Committee: ECON
Amendment 14 #

2015/2127(INI)

Motion for a resolution
Paragraph 3
3. Observes, however, that in 2014 59,4 % of all EIB-signed projects were allocated to the top five EU economies (Germany, the UK, France, Italy and Spain), while the share of the other 23 Member States stood at only 30.3 %; is deeply concerned, given the intensity of both the current and the long-term challenges facing the Union, that significant discrepancies in lending as between Member States are continuing to persist; calls for an increased focus on projects in Greece and Cyprus, as these two countries accounted for only 5% of all EIB-funded projects and have been particularly hard hit by the financial crisis;
2015/11/30
Committee: CONT
Amendment 16 #

2015/2127(INI)

Motion for a resolution
Paragraph 4
4. Points out that operations, while taking account of the availability of funds, must be targeted to generating investments that enhance economic recovery and productive employment, accompanied by consistent support to Member States aimed at increasing absorption capacities where necessary, as well as by a continuous commitment to avoiding the risk of territorial fragmentation; points out that an increase in the EIB’s capital would be needed to address the investment shortfall;
2015/11/30
Committee: CONT
Amendment 17 #

2015/2127(INI)

Motion for a resolution
Paragraph 5
5. Notes that insufficient project generation capacity in the public and private sectors and low levels of borrowing capacity in some Member States, in conjunction with current market conditions, present significant challenges to the EIB’s lending programme; urges the EIB, therefore, to substantially step up its technical assistance and financial advice in all key areas of activity, on an easily accessible basis and vis-à-vis all Member States, in order to attain a much higher level of growth- generating capacity; calls, in particular, for funding to be channelled towards projects which enhance Europe’s competitiveness;
2015/11/30
Committee: CONT
Amendment 19 #

2015/2127(INI)

Draft opinion
Paragraph 2 a (new)
2a. Urges the EIB to improve their tools to evaluate additionality so as to prevent investments from crowding out; sees this problem as particularly pressing in areas, in which investments would have taken place by private investors but where underbid by the EIB's lower interest rates and longer run time;
2015/11/06
Committee: ECON
Amendment 27 #

2015/2127(INI)

Motion for a resolution
Paragraph 20 a (new)
20a. Calls for checks to be carried out to determine the extent to which projects in beneficiary countries take account of international and regional climate agreements and the extent to which these beneficiary countries are honouring their undertakings to combat climate change, or have shown a willingness to give binding undertakings; calls, further, for efforts to combat climate change to be added as a criterion governing the award of EIB funding for environmental projects in developing countries;
2015/11/30
Committee: CONT
Amendment 28 #

2015/2127(INI)

Draft opinion
Paragraph 3
3. Notes the urgent need for an increase in EIB lending activity and, therefore, for a further increase in the EIB's capital;
2015/11/06
Committee: ECON
Amendment 42 #

2015/2127(INI)

Draft opinion
Paragraph 4
4. Calls on the EIB to re-examine its strategic planning programme, given the high degree of concentration of funding for the four biggest economies in the EU accounting for more than 45%, and the disproportionate rise in unemployment levels in some other countries whichat, despite the provision of funding, unemployment levels in some Member States have risen disproportionately and remains at alarming levels, and which could hamper economic convergence in the EU and further damage growth prospects and social cohesion in specific countrithose Member States and regions in the EU;
2015/11/06
Committee: ECON
Amendment 45 #

2015/2127(INI)

Motion for a resolution
Paragraph 33
33. Recognises the challenges involved in creating and swiftly making operational an EFSI pipeline of strategic projects; welcomes the setting-up by the EIB of the European investment advisory hub, which aims to provide technical assistance and expertise to potential promoters; calls for comprehensive project reporting which also encompasses information on the activities and contributions of institutional investors;
2015/11/30
Committee: CONT
Amendment 51 #

2015/2127(INI)

Motion for a resolution
Paragraph 37
37. Encourages the Bank to develop and deploy the necessary comprehensive approach in response to the severe challenges generated by the flow of migrants to Europe, including enhanced operations in countries of origin of such flows as well as in countries which border directly on countries of origin; calls on the EIB, when granting funding for projects in crisis countries, to focus on those which are designed to eliminate incentives to flee and to step up its activities in that area;
2015/11/30
Committee: CONT
Amendment 53 #

2015/2127(INI)

Draft opinion
Paragraph 5
5. Takes note of the establishment of the European Fund for Strategic Investment (EFSI) and emphasises the need for the EFSI to function in an effective, transparent and fair way and to take into account that priority should be given to projects in strategic sectors, countries in adjustment programmes and regions which have difficulties in attracting funding because of their welcomes the fact that it is intended to support sound projects which generate value added or to focus on projects of vital importance in Europe; calls for project selection to be assessed on the basis of risk and value added and for ex post assessment of the supposed leverage effect whigch risk environmentprovides the rationale for the EFSI;
2015/11/06
Committee: ECON
Amendment 63 #

2015/2127(INI)

Draft opinion
Paragraph 5 a (new)
5a. Is concerned by the fact that the EIB proceeds with financing of projects without taking into consideration the necessity of establishing an investment committee as requested by the Parliament;
2015/11/06
Committee: ECON
Amendment 81 #

2015/2127(INI)

Draft opinion
Paragraph 6
6. Calls on the EIB to refrain from cooperating with financial partners with a negative track record and to enforceho in the past have repeatedly breached the guidelines laid down in the EIB's Code of Conduct; welcomes prevention measures against financing linked to tax havens, fraud and evasion as well as aggressive tax avoidanceplanning;
2015/11/06
Committee: ECON
Amendment 93 #

2015/2127(INI)

Draft opinion
Paragraph 7
7. Calls on the EIB to re-evaluate the private-public partnerships in terms of to determine whetheir profitability for the relevant economies and societies and to examine alternative methods of funda greater focus on alternative funding instruments, and in particular on boosting, possibly through increasing public investmentsrivate investment, could make public-private partnerships more effective;
2015/11/06
Committee: ECON
Amendment 120 #

2015/2127(INI)

Draft opinion
Paragraph 8 a (new)
8a. Calls for an improvement of communication channels, especially with regard to the Parliament; urges to communicate measures and procedures, such as the regulatory framework and lending mechanism of EFSI coherently so as to not shy away investors and stakeholders;
2015/11/06
Committee: ECON
Amendment 92 #

2015/2113(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas the Energy Community is an instrument to expand internal energy market to EU's neighbourhood countries, thus contributing to the creation of a pan- European energy space based on common principles and the rule of law;
2015/06/23
Committee: ITRE
Amendment 297 #

2015/2113(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Underlines that well-developed and fully integrated infrastructure allowing for enhanced diversification of supplies and cross-border flows is vital for ensuring security of supply both in normal and emergency conditions and for delivering energy from competitive sources to consumers across the European Union and Energy Community;
2015/06/19
Committee: ITRE
Amendment 349 #

2015/2113(INI)

Motion for a resolution
Paragraph 7
7. Calls on the Commission to support those EU Member States and on the Energy Community Secretariat to support those Energy Community Contracting Parties that wish to negotiate energy contracts on a voluntary basis by introducing a common negotiating mechanism, and stresses that the functioning of such a mechanism must be subject to compliance with the EU internal market acquis and with EU competition and World Trade Organisation rules;
2015/06/19
Committee: ITRE
Amendment 360 #

2015/2113(INI)

Motion for a resolution
Paragraph 8
8. Stresses that greater transparency of intergovernmental agreements could be achieved by strengthening the role of the Commission in energy-related negotiations involving one or more Member States and third countries, including by having the Commission participate in those negotiations if there is a risk of abuse of a dominant position by one supplier; notes that furthermore the Commission should carry out ex-ante and ex-post assessments and draw up both a positive and a negative list of agreement clauses, such as export ban and, destination clauses, take-or-pay clauses and oil indexation of gas pricing;
2015/06/19
Committee: ITRE
Amendment 388 #

2015/2113(INI)

Motion for a resolution
Paragraph 11
11. Calls on the Commission to prepare draft contract templates and guidelines including an indicative list of abusive clauses in order to create a reference for competent authorities and companies in their contracting activities; furthermore calls on the Commission to publish quarterly assessments of the average import prices;
2015/06/19
Committee: ITRE
Amendment 448 #

2015/2113(INI)

Motion for a resolution
Paragraph 15
15. Believes that the Union can reduce its dependency on particular suppliers and fuels by maximising its use of sustainable indigenous sources of energy, including conventional and unconventional low-emission fossil fuels and renewables, and therefore stresses that no fuel or technology contributing to energy security and climate goals should be discriminated againstthe cost efficiency and life-cycle costs of the various technologies must be fully taken into account when the strategy is drawn up;
2015/06/19
Committee: ITRE
Amendment 497 #

2015/2113(INI)

Motion for a resolution
Paragraph 18 a (new)
18a. Stresses that a strengthened Energy Community should be the pivotal arm of the EU's external energy policy and invites the Commission to come forward with concrete proposals based on the report of the High-Level Reflection Group for the reform of the Energy Community;
2015/06/19
Committee: ITRE
Amendment 500 #

2015/2113(INI)

Motion for a resolution
Paragraph 19
19. Calls on the Commission and the Member States to strengthen the Energy Community through, inter alia, better implementation and enforcement of EU law, enhancing its institutions including the establishment of an Energy Community Parliamentary Assembly and implementing key infrastructure projects in order to ensure better integration with the EU energy market and security of supply mechanisms;
2015/06/19
Committee: ITRE
Amendment 516 #

2015/2113(INI)

Motion for a resolution
Paragraph 20
20. Believes that the future Energy Union must establish a free flow of energy across EU and Energy Community countries as the fifth European freedom alongside free movement of people, goods, capital and services;
2015/06/19
Committee: ITRE
Amendment 554 #

2015/2113(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Stresses that larger price zones promote the implementation of the internal energy market, increase market efficiency and improve the situation with regard to liquidity and competition; believes that larger price zones have the requisite characteristics to improve the method of functioning and liquidity in electricity markets to such an extent that the rising proportion of renewable energy can more easily be incorporated into the energy mix; stresses that greater liquidity reduces trading costs, allows price signals for investment decisions to operate more immediately and elastically, permits hedging by plant operators and increases competition, which can enable energy prices to be reduced;
2015/06/19
Committee: ITRE
Amendment 600 #

2015/2113(INI)

Motion for a resolution
Paragraph 23
23. Stresses the need for full implementation and enforcement of existing EU energy legislation and for a swift adoption of ambitious European network codes and guidelines, which must go hand in hand with strengthening the competences of; stresses that the Agency for the Cooperation of Energy Regulators (ACER), the European Network of Transmission System Operators for Electricity (ENTSO-E) and the European Network of Transmission System Operators for Gas (ENTSO-G) must be resourced commensurately with their tasks; stresses in addition, however, that these agencies must not exceed their powers and that the proposal to convert a European coordinating agency into a European regulatory agency is undesirable;
2015/06/19
Committee: ITRE
Amendment 647 #

2015/2113(INI)

Motion for a resolution
Paragraph 25
25. Calls on the Member States and the Commission as well as the Energy Community Contracting Parties and the Energy Community Secretariat to concentrate their efforts on driving projects of common interest (PCIs) and projects of the Energy Community interest (PECIs) forward, with a view to achieving a pan- European ‘super grid' with the capacity to transmit power across EU countriesurope from multiple sources and therefore capable of diverting energy from surplus to deficit areas, thereby allowing the market to instantly respond to interruptions of supply wherever they occur;
2015/06/19
Committee: ITRE
Amendment 662 #

2015/2113(INI)

Motion for a resolution
Paragraph 25 b (new)
25b. Stresses the importance of ensuring a sound, stable and predictable regulatory framework which will enable long-term commitments and which is necessary to deliver new investments in energy infrastructure;
2015/06/19
Committee: ITRE
Amendment 675 #

2015/2113(INI)

Motion for a resolution
Paragraph 26
26. Supports regional approaches where there are particular regional challenges or opportunities, or where acting regionally could speed up market integration, including through the creationfurther development of regional hubs to enhance market liquidity, primarily in the CEE region; recognises the important role of power exchanges in fostering liquid, transparent and secure energy trading;
2015/06/19
Committee: ITRE
Amendment 917 #

2015/2113(INI)

Motion for a resolution
Paragraph 37
37. Stresses, however, that the EU must employ a technology-neutral approach to decarbonising our energy systems, adopting strategies for using and promoting not onlysafe, renewable energy sources but also other low-emission sources of energy; calls on the Commission, in this respect, to revise its Energy and Environmental State Aid Guidelines in a way which will provide for an equitable treatment of energy production from different energy source, sustainable and indigenous energy sources with quantifiable life-cycle costs;
2015/06/19
Committee: ITRE
Amendment 941 #

2015/2113(INI)

Motion for a resolution
Paragraph 38 b (new)
38b. Stresses that water power is a major, indigenous, renewable and safe energy source which accounts for 11% of all European electricity production; stresses that water power will therefore continue to play an important role in electricity production and storage and will make a major contribution to de-carbonising the European economy and reducing the EU's dependence on external energy sources;
2015/06/19
Committee: ITRE
Amendment 9 #

2015/2106(INI)

Draft opinion
Paragraph 1 – subparagraph 1 (new)
supports the idea of a regular review of legislation already adopted in the area of finance with a view to continuity and coherence; regrets that the rapid adoption of many legislative proposals has led to inconsistent and in some cases contradictory requirements for business financing in particular; calls for these inconsistencies to be removed when creating a Capital Markets Union and for Europe to be provided with a flexible, liquid capital market that is easily accessible for businesses;
2015/09/24
Committee: ITRE
Amendment 12 #

2015/2106(INI)

Draft opinion
Paragraph 2
2. Stresses the need to take into account the wider global context; calls for a set of measures to improve the investment climate, attracting capital flows into the EU, removing barriers to capital flows within the EU and restoring the international competitiveness of the Union through investment in innovation in technology, research and industry;
2015/09/24
Committee: ITRE
Amendment 17 #

2015/2106(INI)

Draft opinion
Paragraph 2
2. Stresses the need to take into account the wider global context; calls for a set of measures to improve the investment climate through supply-side policies, but also on the demand side, attracting capital flows into the EU and restorboosting the international competitiveness of the Union;
2015/09/24
Committee: ITRE
Amendment 24 #

2015/2106(INI)

Draft opinion
Paragraph 3
3. Welcomes the envisaged diversification of funding channels, which should be complementary to the existing ones and promote instruments which have proved their usefulness; underlines the need to reduce administrative burdens and foster the application of the principles of proportionality, coherence and practicability in EU legislation, in the interests of large-scale, open, efficient, liquid and cost- effective capital markets;
2015/09/24
Committee: ITRE
Amendment 31 #

2015/2106(INI)

Draft opinion
Paragraph 3 a (new)
3a. Stresses that new financing possibilities should not involve an additional bureaucratic and administrative burden for companies;
2015/09/24
Committee: ITRE
Amendment 38 #

2015/2106(INI)

Draft opinion
Paragraph 4
4. Welcomes the launch of consultations on the review of the Prospectus Directive and the efforts being made to remove regulatory barriers to access to securitisation; underlines, in particular, the need to open upat access to financial markets tofor SMEs needs to be made easier, as an alternative to bank loans as a source of financing; supports broadening the funding options available for SMEs; calls for improved access to long-term financing and for the development of a pan-European private placement market promoting venture capital, as well as alternative instruments such as peer-to-peer lending and crowdfunding;
2015/09/24
Committee: ITRE
Amendment 47 #

2015/2106(INI)

Draft opinion
Paragraph 4 a (new)
4a. Points up, in particular, the need to open up financial markets to SMEs by promoting risk capital, especially through business angels, and by means of tax incentives for both firms and individuals; supports broadening the funding options available for SMEs; calls for improved access to long-term financing and for the development of a pan-European private placement market promoting venture capital, as well as alternative instruments such as peer-to-peer lending and crowdfunding;
2015/09/24
Committee: ITRE
Amendment 56 #

2015/2106(INI)

Draft opinion
Paragraph 5
5. Calls on the Commission to take into account the specificities of individual markets and propose changes only in those areas that require intervention in order to eliminate the existing barriers; bBelieves that the bottom-up approach and sharing national best practices should be at the core of the Capital Markets Union initiative;
2015/09/24
Committee: ITRE
Amendment 9 #

2015/2103(INL)

Draft opinion
Recital B a (new)
B a. whereas experts predict that robots will replace humans in one-third of today's traditional professions by 2025, altering economics and our approach to machine use as we know it,
2016/09/08
Committee: ITRE
Amendment 17 #

2015/2103(INL)

Draft opinion
Paragraph 1
1. Believes that robotics plays a key role in improving the competitiveness and productivity of the European economy; believes that increased efforts in innovation and research in robotics can help Europe to become a global standard setter in this field; calls on the Commission to promote a pro- innovation policy in robotics, facilitating integration of technologies in value chains, and to assess the need to modernise legislation or develop European guidelines to ensure a joint approach in robotics, essential for companies to scale up in Europe;
2016/09/08
Committee: ITRE
Amendment 24 #

2015/2103(INL)

Draft opinion
Paragraph 1 a (new)
1 a. Stresses that increased use of robotics provide the possibility to boost the reindustrialization efforts of the European Union; believes a sound civil law framework for robotics paired with the necessary digital infrastructure will not only increase productivity and innovation but also can help to overcome the investment crisis;
2016/09/08
Committee: ITRE
Amendment 31 #

2015/2103(INL)

Draft opinion
Paragraph 2
2. Stresses that innovation in robotics and artificial intelligence require digital infrastructure that provides ubiquitous connectivity; calls on the Commission to set a framework that will meet the connectivity requirements for the Union’s digital future; calls on the Member States to continue to expand broadband internet also in structurally weak regions;
2016/09/08
Committee: ITRE
Amendment 50 #

2015/2103(INL)

Draft opinion
Paragraph 4 a (new)
4 a. Calls on Member States to prepare the education sector to be responsive to the challenges posed by robotics for future generations;
2016/09/08
Committee: ITRE
Amendment 26 #

2015/0276(COD)

Proposal for a directive
Recital 5
(5) Through a progressive increase of the existing targets on preparing for re-use and recycling of packaging waste, it should be ensured that economically valuable waste materials are progressively and effectively recovered through proper waste management and in line with the waste hierarchy. That way it should be ensured that valuable materials found in waste are returned into the European economy, thus making progress in the implementation of the Raw Materials Initiative15 and the creation of a circular economy. __________________ 15, and, in the case of packaging materials, without prejudice to food safety, consumer health and food contact materials. __________________ 15 COM(2013) 442. COM(2013) 442.
2016/06/20
Committee: ITRE
Amendment 52 #

2015/0276(COD)

Proposal for a directive
Recital 15 a (new)
(15a) Where possible, Member States should incentivise the use of materials such as permanent materials that have a superior value for the circular economy as they can be classified as materials that can be recycled without loss of quality, regardless of how often the material is recycled.
2016/06/20
Committee: ITRE
Amendment 65 #

2015/0276(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point d a (new)
Directive 94/62/EC
Article 3 – paragraph 1 – point 11 a (new)
(da) the following point is inserted: 11a. "permanent materials" can be classified as materials that once produced can be recycled without loss of quality, regardless of how often the material is recycled.
2016/06/20
Committee: ITRE
Amendment 138 #

2015/0276(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3 – point c a (new)
Directive 94/62/EC
Article 6 – paragraph 4 – point b a (new)
(ca) in paragraph 4, the following point is added: "(ba) promoting the use of permanent materials as a means to ensure that materials once produced can be recycled without loss of quality, regardless of how often the material is recycled."
2016/06/20
Committee: ITRE
Amendment 119 #

2015/0275(COD)

Proposal for a directive
Recital 15
(15) Through a progressive increase of the existing targets for preparation for re- use and recycling of municipal waste, it should be ensured that economically valuable waste materials are re-used and effectively recycled, provided that they do not endanger human health and, in the case of food contact materials, do not change the composition, taste or texture of food, and that valuable materials found in waste are channelled back into the European economy, thus advancing the Raw Materials Initiative17 and the creation of a circular economy. __________________ 17 COM(2008)699 and COM(2014)297. COM(2008)699 and COM(2014)297.
2016/07/18
Committee: ITRE
Amendment 122 #

2015/0275(COD)

Proposal for a directive
Recital 15 a (new)
(15a) Where possible, Member States should incentivise the use of materials such as permanent materials that have a superior value for the circular economy as they can be classified as materials that can be recycled without loss of quality, regardless of how often the material is recycled.
2016/07/18
Committee: ITRE
Amendment 136 #

2015/0275(COD)

Proposal for a directive
Recital 20
(20) Compliance with the obligation to set up separate collection systems for all materials including paper, metal, plastic and glass is essential in order to increase preparing for re-use and recycling rates in Member States. In addition bio-waste should be collected separately to contribute to an increase in preparing for re-use and recycling rates and the prevention of contamination of dry recyclable materials.
2016/07/18
Committee: ITRE
Amendment 183 #

2015/0275(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point d a (new)
2008/98/EC
Article 3 – point 4 b (new)
(da) the following point is inserted: “4b. "permanent materials" means materials which can be classified as materials that once produced can be recycled without loss of quality, regardless of how often the material is recycled.”
2016/07/18
Committee: ITRE
Amendment 246 #

2015/0275(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 7 – point b
Directive 2008/98/EC
Article 8 – paragraph 2 – subparagraph 2
Such measures may encourage, inter alia, the development, production and marketing of products and materials such as permanent materials that are suitable for multiple use and multiple recycling, that are technically durable and that are, after having become waste, suitable for and preparationed for re- use andor recyclinged, suitable to be placed on the market in order to facilitate proper implementation of the waste hierarchy. The measures should take into account the impact of products and materials throughout their life cycle.
2016/07/18
Committee: ITRE
Amendment 286 #

2015/0275(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 8
Directive 2008/98/EC
Article 8a – paragraph 4 – subparagraph 1 - point b
(b) are modulated on the basis of the real end-of-life cost of individual products or groups of similar products, notably by taking into account their re-usability and, recyclability and inherent properties of the materials such as permanent materials;
2016/07/18
Committee: ITRE
Amendment 296 #

2015/0275(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2008/98/EC
Article 9 – paragraph 1 – subparagraph 1 - indent 1
- encourage the use of production and use of products and materials that are resource efficient, durable, reparable and recyclable, such as permanent materials;
2016/07/18
Committee: ITRE
Amendment 355 #

2015/0275(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 10 – point a
Directive 2008/98/EC
Article 11 – paragraph 1 – subparagraph 2
Member States shall take measures to promote high quality recycling and, to this end, shall set up separate collection of waste where technically, environmentally and economically practicable and appropriate to meet the necessary quality standards for the relevant recycling sectors and the users of the recycled materials to attain the targets set out in paragraph 2.
2016/06/21
Committee: ITRE
Amendment 365 #

2015/0275(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 10 – point b
Member States shall take measures to promote sorting systems for construction and demolition waste and for at least the following: wood, aggregates, metal, glass and plaster. and all packaging materials;
2016/06/21
Committee: ITRE
Amendment 222 #

2015/0149(COD)

Proposal for a regulation
Recital 9 a (new)
(9a) If suppliers market goods with a label, they should supply in paper form, together with the goods, all the information on the components of the goods which are required by the implementing acts. If the implementing acts permit, the label may also be printed on the packaging of the goods. The relevant implementing acts should indicate the most efficient way of displaying the label, together with possible consequences for consumers, manufacturers and dealers.
2016/03/08
Committee: ITRE
Amendment 249 #

2015/0149(COD)

Proposal for a regulation
Recital 12
(12) In the case of a rescaled label, suppliers should provide both the old and the rescaled labels to dealers during a certain period. The replacement of the existing labels on products on display, including on the Internet, with the rescaled labels should take place as quickly as possible after the date of replacement specified in the delegated act on the rescaled label. Dealers should not display the rescaled labels before the date of replacement.deleted
2016/03/08
Committee: ITRE
Amendment 268 #

2015/0149(COD)

Proposal for a regulation
Recital 16
(16) In order to facilitate the monitoring of compliance and to provide up-to-date market data for the regulatory process on revisions of product-specific labels and information sheets, suppliers should provide their product compliance information electronically in a database established by the Commission. The information should be made publicly available to provide information for customers and to allow for alternative ways for dealers to receive labels. Market surveillance authorities should have access to the information in the database.deleted
2016/03/08
Committee: ITRE
Amendment 298 #

2015/0149(COD)

Proposal for a regulation
Recital 21
(21) In order to establish product-specific labels and information sheets and operational details relating to the product database, the power to adopt acts in accordance with Article 290 on the Treaty on the Functioning of the European Union should be delegated to the Commission. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level and with the Consultation Forum.deleted
2016/03/08
Committee: ITRE
Amendment 306 #

2015/0149(COD)

Proposal for a regulation
Article 1 – paragraph 1
1. This Regulation lays down a framework on the indication by labelling and standard product information of the energy efficiency of energy-related products and of the consumption of energy and other resources by energy- related products during use and supplementary information concerning energy-related products in order to allow customers to choose more efficient products.
2016/03/08
Committee: ITRE
Amendment 310 #

2015/0149(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point a
(a) Second hand productsProducts placed on the market for a second or a subsequent time;
2016/03/08
Committee: ITRE
Amendment 315 #

2015/0149(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b a (new)
(ba) Producer goods and capital goods
2016/03/08
Committee: ITRE
Amendment 316 #

2015/0149(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b b (new)
(bb) Products for commercial, non- household use, for example at hospitals, airports or ports;
2016/03/08
Committee: ITRE
Amendment 322 #

2015/0149(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9
(9) ‘Dealer’ means a retailer or other person who sells, hires, offers for hire purchasnatural or legal person in the supply chain who makes a product available for displays products to customsale and is not a manufacturer or importers;
2016/03/08
Committee: ITRE
Amendment 333 #

2015/0149(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 11
(11) ‘Energy-related product’ means any good or system or service with an impact on energy consumption during use, which is placed on the market and put into service in the Union, including parts to be incorporated into energy-related products which are placed on the market and put into service and/or whose efficiency can be ascertained in the form of individual components;
2016/03/08
Committee: ITRE
Amendment 348 #

2015/0149(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 17
(17) 'Product information sheet' means a standard table of information relating to a product in printed or electronic form;
2016/03/08
Committee: ITRE
Amendment 357 #

2015/0149(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 19
(19) 'Rescaled label' means a newly designed label for a particular product that has undergone a rescaling exercise and which is clearly distinguishable from previous labels for the final customer.
2016/03/08
Committee: ITRE
Amendment 361 #

2015/0149(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 20
(20) 'Supplementary information' means information on the functional and environmental performance of an energy- related product, such as its absolute energy consumption or durability, which is based on data that are measurable and verifiable by market surveillance authorities, is unambiguous and has no significant negative impact on the clear intelligibility and effectiveness of the label as a whole towards customers.
2016/03/08
Committee: ITRE
Amendment 373 #

2015/0149(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a
(a) they shall ensure that products placed on the market are provided, free of charge, with accurate labels and product information sheets in electronic and printed form in accordance with this Regulation and the relevant delegated acts; For product groups whose products consist of multiple components and whose energy efficiency rating is the result of the combination of those components, the manufacturer shall make accurate labels available to the dealer free of charge at the time of display;
2016/03/08
Committee: ITRE
Amendment 383 #

2015/0149(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point b
(b) they shall deliver labels promptly and free of charge on request from dealers, without prejudice to a dealer's preference as regards the form of the label (printed or electronic);
2016/03/08
Committee: ITRE
Amendment 386 #

2015/0149(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point c
(c) they shall ensure the accuracy of the labels and product information sheets that they provide and produce technical documentation in one of the official languages of the EU sufficient to enable the accuracy to be assessed by market surveillance authorities;
2016/03/08
Committee: ITRE
Amendment 396 #

2015/0149(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point d
(d) they shall, prior to placing a product model on the market, enter into the product database established in accordance with Article 8 the information detailed in Annex I.deleted
2016/03/08
Committee: ITRE
Amendment 406 #

2015/0149(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point a
(a) they shall display in a visible manner on the product or in its immediate vicinity the label provided by the supplier or otherwise made available for a product covered by a delegated act;
2016/03/08
Committee: ITRE
Amendment 423 #

2015/0149(COD)

Proposal for a regulation
Article 3 – point 2 – point b – point ii
(ii) print out the label from the product database established in accordance with Article 8 if that function is available for that product; ordeleted
2016/03/08
Committee: ITRE
Amendment 430 #

2015/0149(COD)

Proposal for a regulation
Article 3 – point 2 – point b – point iii
(iii) print out the label or a rescaled label from the supplier's website if that function is available for that product.deleted
2016/03/08
Committee: ITRE
Amendment 435 #

2015/0149(COD)

Proposal for a regulation
Article 3 – paragraph 3 – point a
(a) they shall make reference to the energy efficiency class of the product in any advertisement or technical promotional material for a specific model of products in accordance with the relevant delegated act; they shall make reference to the energy efficiency class of the product in any advertisement for a specific model of products, in cases where energy-related or price-related information is indicated.
2016/03/08
Committee: ITRE
Amendment 524 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 2
2. When, for a given product group, no models belonging to energy classes D, E, F or G are allowed to be placed on the market any more because of an implementing measure adopted under Directive 2009/125/EC, the class or classes in question shall no longer be shown on the label.deleted
2016/03/08
Committee: ITRE
Amendment 538 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 3
3. The Commission shall ensure, on the basis of technical studies concerning future potential developments, that, when a label is introduced or rescaled, the requirements are laid down so that no products are expected to fall in energy classes A or B at the moment of the introduction of the label and so that the estimated time within which a majority of models, at the moment of the introduction of the label, most products will not falls into those classes shall beEnergy Efficiency Class A for an estimated period of at least ten years later.
2016/03/08
Committee: ITRE
Amendment 541 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 3 a (new)
3a. Labels shall be rescaled where appropriate in the light of technological progress regarding a product group. Prior to the review, the Commission shall carry out a preliminary study and cost assessment. Rescaling shall be considered where 30% of products sold in the previous year are in two highest energy efficiency classes.
2016/03/08
Committee: ITRE
Amendment 556 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 4
4. Labels shall be re-scaled periodicallyif most of the products in a product group sold the previous year fall in the highest energy efficiency classes and technological progress can be expected in the near future.
2016/03/08
Committee: ITRE
Amendment 557 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 4 a (new)
4a. If, for technical reasons, it is not possible to designate seven energy classes offering significant energy and cost savings for end users, the label may, notwithstanding the provisions of Article 2(13), indicate a different number of energy classes, in which case the colour spectrum from dark green to dark red shall still be used.
2016/03/08
Committee: ITRE
Amendment 567 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 5 – point a
(a) suppliers shall provide both the current and the rescaled labels to dealers for a period of six months before the date specified in paragraph (b).
2016/03/08
Committee: ITRE
Amendment 570 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 5 – point a a (new)
(aa) the new scale shall apply only to goods sold after the introduction thereof.
2016/03/08
Committee: ITRE
Amendment 571 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 5 – point b
(b) Dealers shall replace the existing labels on products on display including on the Internet with the rescaled labels within one week following the date specified for that purpose in the relevant delegated act. Dealers shall not display the rescaled labels before that datemay continue to sell goods with the existing label if they were already in stock when the new labels were introduced.
2016/03/08
Committee: ITRE
Amendment 582 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 5 – point b a (new)
(ba) the design and appearance of the rescaled label shall be clearly distinguishable from previous labels. This may be done by changing the background colour. The Commission shall ensure that the introduction of a rescaled label is accompanied by an educational and promotional information campaign for consumers in the Member States, in accordance with Article 4(4).
2016/03/08
Committee: ITRE
Amendment 591 #

2015/0149(COD)

Proposal for a regulation
Article 7 – paragraph 6 a (new)
6a. Measures taken in accordance with delegated acts adopted under Article 10 of Directive 2010/30/EU in anticipation of the future introduction of Class A + + +, A + + and A + shall be repealed by this Regulation.
2016/03/08
Committee: ITRE
Amendment 598 #

2015/0149(COD)

Proposal for a regulation
Article 8
The Commission shall establish and maintain a product database including the information referred to in Annex I. The information listed under point 1 of Annex I shall be made publicly available.Article 8 deleted Product database
2016/03/08
Committee: ITRE
Amendment 627 #

2015/0149(COD)

Proposal for a regulation
Article 11 – paragraph 1
The Commission shall, having consulted the Consultation Forum referred to in Article 10, establish a working plan which shall be made publicly available. The working plan shall set out an indicative list of product groups which are considered as priorities for the adoption of delegated acts. The working plan shall also set out plans, where necessary, for the revision and rescaling of labels of products or product groups. The working plan may be amended periodically by the Commission after consultation with the Consultation Forum. The working plan may be combined with the working plan required by Article 16 of Directive 2009/125/EC.
2016/03/08
Committee: ITRE
Amendment 652 #

2015/0149(COD)

Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 1 – point i
(i) the obligations on suppliers and dealers in relation to the product database;ted
2016/03/08
Committee: ITRE
Amendment 668 #

2015/0149(COD)

Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 5
The Commission shall be empowered to adopt delegated acts regarding operational details relating to the product database, including any obligations on suppliers and dealers in accordance with Article 13.
2016/03/08
Committee: ITRE
Amendment 677 #

2015/0149(COD)

Proposal for a regulation
Annex I
Information to be included in the product database. 1. Publicly available product information: (a) manufacturer's or supplier's name or trademark; (b) the model identifier(s), including of all equivalent models; (c) the label in electronic format; (d) the class(es) and other parameters on the label; (e) the product information sheet in electronic format. 2. Compliance information, only available to Member States' market surveillance authorities and the Commission: (a) the technical documentation specified in the applicable delegated act; (b) test report or similar technical evidence enabling compliance with all requirements in the applicable delegated act to be assessed; (c) name and address of the supplier; (d) the contact details of a representative of the supplier.deleted
2016/03/08
Committee: ITRE
Amendment 74 #

2015/0148(COD)

Proposal for a directive
Recital 6
(6) The auctioning of allowances remains the general rule, with free allocation as the exception. Consequently, and as confirmed by the European Council, the share of allowances to be auctioned, which was 572.5% over the period 2013- 2020, should not be reduced. The Commission's Impact Assessment18 provides details on the auction share and specifies that this 57% share is made up of allowances auctioned on behalf of Member States, includingauctioning share is calculated based on the number of allowances uset aside for new entrants but not allocated, allowances for modernising electricity generation in some Member States and allowances which are to be auctioned at a later point in time because of their placement in the Market Stability Reserve established by Decision (EU) 2015/… of the European Parliament and of the Council19 d or earmarked for free allocation in the third trading period. __________________ 18 SEC(2015)XX 19 Decision (EU) 2015/… of the European Parliament and of the Council of … concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and amending Directive 2003/87/EC (OJ L […], […], p. […]).
2016/06/23
Committee: ITRE
Amendment 91 #

2015/0148(COD)

Proposal for a directive
Recital 7
(7) To preserve the environmental benefit of emission reductions in the Union while actions by other countries do not provide comparable incentives to industry to reduce emissions, free allocation at benchmark levels of efficiency should continue to installations in sectors and sub- sectors at genuine risk of carbon leakage. Experience gathered during the operation of the EU ETS confirmed that sectors and sub-sectors are at risk of carbon leakage to varying degrees, and that free allocation has prevented carbon leakage. While some sectors and sub-sectors can be deemed at a higher risk of carbon leakage, others are able to pass on a considerable share of the costs of allowances to cover their emissions in product prices without losing market share and only bear the remaining part of the costs so that they are at a low risk of carbon leakage, such that best performers can produce and grow without incurring a carbon cost penalty. The Commission should determine and differentiate the relevant sectors based on their trade intensity and their emissions intensity to better identify sectors at a genuine risk of carbon leakage. Where, based on these criteria, a threshold determined by taking into account the respective possibility for sectors and sub- sectors concerned to pass on costs in product prices is exceeded, the sector or sub-sector should be deemed at risk of carbon leakage. Others should be considered at a low risk or at no risk of carbon leakage. Taking into account the possibilities for sectors and sub-sectors outside of electricity generation to pass on costs in product prices should also reduce windfall profits.
2016/06/23
Committee: ITRE
Amendment 200 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a
COM(2015)337
Article 10 – Paragraph 1, Sentence 2
From 2021 onwards, the share of allowances issued in any one year to be auctioned by Member States shall be 57%in principle 52.5% but subject to reduction according to Article 10a(5).
2016/06/23
Committee: ITRE
Amendment 210 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a
COM(2015)337
Article 10a Paragraph 1
2% of the total quantity of allowances between 2021 and 2030 shall be auctioned without reducing the absolute amount of free allocation determined according to Article 10a of this Directive by making them available from the auctioning volume, to establish a fund to improve energy efficiency and modernise the energy systems of certain Member States as set out in Article 10d of this Directive (“the Modernisation Fund”).
2016/06/23
Committee: ITRE
Amendment 216 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point (-a)
COM(2015)337
Article 10(a) Paragraph 1 – subparagraph -1
From 2021 onwards, [x]% of the total quantity of allowances between 2021 and 2030 shall be auctioned without reducing the absolute amount of free allocation determined in Article 10a of this Directive, to establish a fund to fully compensate sectors or sub-sectors which are exposed to a genuine risk of carbon leakage due to significant indirect costs passed on in electricity prices as set out in Article 10(a) Paragraph 6 of this Directive ("the Indirect Leakage Fund")
2016/06/23
Committee: ITRE
Amendment 272 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a
COM(2015)337
Article 10(a) 1, second paragraph
The Commission shall be empowered to adopt a delegated act in accordance with Article 23. This act shall also provide for additional allocation from the new entrants reserve for significant production increases by applying the same thresholds and allocation adjustments as apply in respect of partial cessations of operation. This act shall also provide for continuation of the existing amount and extent of free allocation for installations, which have been substituted by new low carbon technologies able to comply with a greenhouse gas emission reduction of more than 60% if the necessary enabling external conditions would be in place, avoiding undue over-allocation by taking the provisions according to the cessation of operation into account but also by not granting free allocation as a new entrant except for production growth.
2016/06/23
Committee: ITRE
Amendment 300 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Directive 2003/87/EC
Article 10 a – paragraph 3
The benchmark values for free allocation shall be adjusted for the fourth trading period in order to avoid windfall profits as well as undue carbon costs of most efficient installations and reflect technological progress in the period between 2007-8 and each later period for which free allocations are determined in accordance with Article 11(1). This adjustment shall reduce the benchmark values set by the act adopted pursuant to Article 10a by 1% of the value that was set based on 2007-8 data in respect of each year between 2008 and the middle, taking into consideration the whole amount of CO2 from waste gases used for electricity production. Benchmarks in individual sectors and sub-sectors shall be updated based on the average of the verified emissions of the 10% most efficient installations in a sector or sub sector in the Union in the years 2013-2017 for the 2020-2030 period. Benchmarks shall be set ofn the relevant period of free allocation, unless:basis of objective, faire and non-discriminatory criteria.
2016/06/23
Committee: ITRE
Amendment 312 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Directive 2003/87/EC
Article 1 (5) b
(i) On the basis of information submitted pursuant to Article 11, the Commission shall identify whether the values for each benchmark calculated using the principles in Article 10a differ from the annual reduction referred to above by more than 0.5% of the 2007-8 value higher or lower annually. If so, that benchmark value shall be adjusted either 0.5% or 1.5% in respect of each year between 2008 and the middle of the period for which free allocation is to be made;deleted
2016/06/23
Committee: ITRE
Amendment 322 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Directive 2003/87/EC
Article 10 a 2
(ia) applicants may demonstrate that even most efficient installations of a sector or sub-sector may face undue carbon costs, because, even when applied to their real production, the amount of allowances which a specific benchmark value allows to allocate, does not meet their needs. If so, that benchmark value shall be adjusted to meet the needs of the most efficient installations of a sector or sub-sector concerned, but not more than by 20%.
2016/06/23
Committee: ITRE
Amendment 346 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point c
COM(2015)337
Article 10(a)5 Sentence 2
In order to respect the auctioning share set out in Article 10, the sum of free allocations in every year where the sum of free allocations does not reach the maximum level that respects the Member State auctioning share, the remaining allowances up to that level shall be used to prevent or limit reduction of free allocations to respect the Member State auctioning share in later years. Where, nonetheless, the maximum level is reached, the share of allowances to be auctioned by Member States shall be reduced by up to [X] percentage points but not more than needed to avoid reaching the maximum level. If, in spite of a reduction of the Member State auctioning share at the level of [X] percentage points, the maximum level is reached, free allocations shall be adjusted accordingly. Any such adjustment shall be done in a uniform manner.
2016/06/23
Committee: ITRE
Amendment 356 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point c
COM2015(337)
Article 10(a) Para 5 new
The reference production volume for each installation shall be recalculated starting for the allocation due in the year 2021 by applying the relevant production data of the 2nd last year before the year concerned for allocation, using data and reporting requirements established under article 14 of this Directive.
2016/06/23
Committee: ITRE
Amendment 357 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point c
COM(2015)337
Article 1(5)c
In any year beginning 2021, the free allocation of allowances to installations in sectors at risk of carbon leakage shall be adjusted by placing [X] percentage points of allowances into, or withdrawing allowances from the reserve established under paragraph 7 of this Directive, so as to ensure the full free allocation of allowances up to benchmark levels in respect of actual production to installations in sectors at risk of carbon leakage. The number of allowances to be placed in or released from the reserve under this paragraph shall be calculated by reference to the benchmarked carbon emissions in respect of the actual production of an installation and the number of allowances allocated for free to that installation in year x. Any excess allowances over production emissions given to an installation will be withheld from, and any shortfall in allowances over production emissions will be added to, the allowances allocated to the installation in year x+1.
2016/06/23
Committee: ITRE
Amendment 366 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
COM(2015)337
Article 10a Paragraph 6
Member States should adopt financial measures in favour ofA fund for sectors or sub- sectors which are exposed to a genuine risk of carbon leakage due to significant indirect costs that are actually incurred from greenhouse gas emission costs passed on in electricity prices, taking into account any effects on the internal market, shall be established from the period 2021-30 onwards ("the Indirect Leakage Fund") to fully compensate for such costs. Such financial measures to compensate part of these costs shall be in accordance with state aid rules and fully off-set by harmonised and transparent rules in all Member States, through free allocation based on realistic benchmarks.
2016/06/23
Committee: ITRE
Amendment 378 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
COM(2015)337
Article 10(a), Paragraph 6, Sentence 2
[x]% of the total quantity of allowances of every trading period from 2021 onwards shall be auctioned as set out in Article 10 of this Directive, without reducing the absolute amount of free allocation determined according to Article 10a of this Directive, to finance that fund.
2016/06/23
Committee: ITRE
Amendment 380 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
COM(2015)337
Article 10a(6), Sentence 3
The compensation granted by the fund shall be based on ex-ante benchmarks of the indirect emissions of CO2 per unit of production. The ex-ante benchmarks shall be calculated for a given sector or subsector as the product of the electricity consumption per unit of production corresponding to the most efficient available technologies and of the CO2 emissions of the relevant European Electricity production mix, taking the relevant marginal production fully into account.
2016/06/23
Committee: ITRE
Amendment 384 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
COM(2015)337
Article 10a Paragraph 6, Sentence 4 (new)
The Commission shall adopt an implementing act for this purpose in accordance with Article 22a.
2016/06/23
Committee: ITRE
Amendment 391 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point e – point i
Any allowances from the maximum amount referred to Article 10a(5) of this Directive which were not allocated for free up to 2020 shall be set aside for new entrants and significant production incbecause of the application of Article 10a(11) shall be placed into a reasesrve, together with 250 million allowances placed in the market stability reserve pursuant to Article 1(3) of Decision (EU) 2015/… of the European Parliament and of the Council(*).
2016/06/23
Committee: ITRE
Amendment 398 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point e – point i
COM(2015)337
Article 10(7), 2
From 2021, allowances not allocated to installations because of the application of paragraphs 19 and 20 shall be added to the reserve. In the event that this reserve is exhausted, the Commission shall be empowered to adopt a delegated act in accordance with Article 23 transferring allowances into this reserve from the market stability reserve established by Decision (EU) 2015/....
2016/06/23
Committee: ITRE
Amendment 417 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
COM(2015)337
Article 10a (8), 3rd paragraph
The revenue from 400 million allowances to be auctioned by Member States in the fourth trading period shall be available to support innovation in low-carbon technologies and processes in industrial sectors listed in Annex I, and to the extent of a maximum of 50 million allowances to help stimulate the construction and operation of commercial demonstration projects that aim at the environmentally safe capture and geological storage (CCS) or industrial utilization of CO2 as well as demonstration projects of innovative renewable energy technologies, in the territory of the Union.
2016/06/23
Committee: ITRE
Amendment 429 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
COM(2015)337
Article 10a (8), 3rd paragraph
The allowances shall be made available for innovation in low-carbon industrial technologies and processes, carbon lean operation modes in existing installations and support for demonstration projects for the development of a wide range of CCS, CCU and innovative renewable energy technologies that are not yet commercially viable in geographically balanced locations. In order to promote innovative projects, up to 680% of the relevant costs of projects, operating costs due to modifications in existing installations or investments in existing installations may be supported, out of which up to 40% may not be dependent on verified avoidance of greenhouse gas emissions provided that pre-determined milestones are attained taking into account the technology or process adaption deployed.
2016/06/23
Committee: ITRE
Amendment 445 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
COM(2015)337
Article 10(a) 8, 3rd Paragraph
In addition, 50 million unallocated allowances from the market stability reserve established by Decision (EU) 2015/… shall supplement any existing resources remaining under this paragraph for projects operating costs or investments referred to above, with projects in all Member States including small-scale projects, before 2021. Projects shall be selected on the basis of objective and transparent criteria.
2016/06/23
Committee: ITRE
Amendment 469 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
COM(2015)337
Article 10(b)
1. Sectors and sub-sectors where the product exceeds 0.2 from multiplying their intensity of trade with third countries, defined as the ratio between the total value of exports to third countries plus the value of imports from third countries and the total market size for the European Economic Area (annual turnover plus total imports from third countries), by their emission intensity, measured in kgCO2 divided by their gross value added (in €), shall be deemed to be at risk of carbon leakage. Such sectors and sub-sectors shall be allocated allowances free of charge for the period up to 2030 at 100% of the quantity required to cover their actual production level in the year x-1 at benchmark standards of carbon efficiency determined in accordance with the measures adopted pursuant to Article 10a.
2016/06/23
Committee: ITRE
Amendment 490 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
COM(2015)337
Article 10b – paragraph 2
2. Sectors and sub-sectors where the product from multiplying their intensity of trade with third countries by their emission intensity is abovebelow 0.182 may be included in the group referred to in paragraph 1, on the basis of a qualitative assessment using the following criteria:
2016/06/23
Committee: ITRE
Amendment 495 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
COM(2015)337
Article 10b – paragraph 2 – point a
(a) the extent to which it is possible for individual installations in the sector or sub- sectors concerned to reduce emission levels or electricity consumption, including when appropriate, the increase in production costs, that the related investment may entail for instance on the basis of the most efficient techniques and technologies applied;
2016/06/23
Committee: ITRE
Amendment 758 #

2015/0148(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 22 a (new)
Directive 2003/87/EC
Article 30 (5 new)
(22a) By 1 December 2024 the Commission submits to the European Parliament and the Council a report and, if possible, corresponding proposals for the revision of that Directive on how a mechanism could be put in place by which one operator, which has introduced deep decarbonisation by having invested into fundamental changes in production technology and thus is operating such decarbonized production, does not incur CO2-costs for operating not yet transformed installations when not all production lines can be adapted at the same time.
2016/06/29
Committee: ITRE
Amendment 28 #

2014/2245(INI)

Draft opinion
Paragraph 3
3. Considers that austerity measures in several European countries are having a negative impact on industrial structures, resulting in a fall-off innecessary so that a budget which has been restored to balance can strengthen industrial structures and ensures that, on the basis of a sound financial situation, investments and more difficultre made once again and access to credit for manufacturers is facilitated;
2015/03/02
Committee: ITRE
Amendment 35 #

2014/2245(INI)

Draft opinion
Paragraph 3 a (new)
3a. Takes the view that the fragmentation of the financial market, the risk aversion of European undertakings and a cautious approach to innovation are acting as a brake on job creation and growth;
2015/03/02
Committee: ITRE
Amendment 41 #

2014/2245(INI)

Draft opinion
Paragraph 4
4. Considers that all the new projects and investments promoted by EU funds should have an employment clause that includes the obligation to create new and non- precarious jobs;s one of their objectives the creation of new jobs, but rejects on legal and economic grounds the use of a mandatory employment clause1a; __________________ 1aAn employment clause would lead directly to crowding out and divert investment from long-term projects to short-term speculation.
2015/03/02
Committee: ITRE
Amendment 51 #

2014/2245(INI)

Draft opinion
Paragraph 4 a (new)
4a. Takes the view that the inefficient internal cost structures perpetuated by the failure to carry out structural reforms are deterring private investors;
2015/03/02
Committee: ITRE
Amendment 61 #

2014/2245(INI)

Draft opinion
Paragraph 5
5. Calls for more social and public investa stable environment for private investors in the areas of transport and strategic infrastructure, innovation research and developments, without which it will be impossible to reach the target of raising industry’s contribution to GDP to as much as 20 % by 2020; recalls that all investments and projects should enhancefor an appropriate balance to be struck between the objectives of reindustrialisation and of environmental and climate protection.;
2015/03/02
Committee: ITRE
Amendment 77 #

2014/2245(INI)

Draft opinion
Paragraph 6
6. Calls for an inclusive industrial strategy that willstrategy for the reindustrialisation of Europe that will, without employing fiscal stimulus measures and without creating any risk of crowding-out, tackle unemployment and secure more growth, more jobs with enhanced workers’ rights, and access to public health and education as one of the means of achieving the economic, social and territorial cohesion that is needed in the EU; considers that the ultimate goal should be sustainable development and a high quality of life, together with prosperity and decent work for everyone.
2015/03/02
Committee: ITRE
Amendment 90 #

2014/2245(INI)

Draft opinion
Paragraph 6 a (new)
6a. Calls for the investment plan to be used to further the efforts to complete the internal market in the areas of finance, telecommunications, energy, transport and services.
2015/03/02
Committee: ITRE
Amendment 91 #

2014/2245(INI)

Draft opinion
Paragraph 6 b (new)
6b. Calls, as a means of improving the employment situation, for proper account to be taken of the needs of SMUs when laws and regulations are drawn up and for access to credit to be facilitated for undertakings, whatever their size, which create jobs.
2015/03/02
Committee: ITRE
Amendment 92 #

2014/2245(INI)

Draft opinion
Paragraph 6 c (new)
6c. Calls, as a means of improving the situation as regards innovation, exchanges of knowledge and ideas and the competiveness and innovativeness of European undertakings, for the digital internal market to be completed.
2015/03/02
Committee: ITRE
Amendment 18 #

2014/2228(INI)

Draft opinion
Paragraph 1
1. Calls on the Commission to maintain the objective of including a specific energy chapter in the TTIP which could significantly increase the EU’s energy security; calls for an energy chapter to be tailored to the five main market set-ups: coal, oil, gas, uranium and renewables;
2015/03/05
Committee: ITRE
Amendment 40 #

2014/2228(INI)

Draft opinion
Paragraph 2
2. Requests that the Commission ensure a policy of free trade with respect to fuels, including LNG and crude oil; points out to the Commission in this connection that overregulating trade in fuels from unconventional sources, e.g. on the basis of the FQD, will undermine free trade in fuels and be detrimental to European energy security; points in this connection to the increased imports of petrol and diesel from the US as a result of the TTIP;
2015/03/05
Committee: ITRE
Amendment 54 #

2014/2228(INI)

Draft opinion
Paragraph 2 a (new)
2a. Calls on the Commission in this connection to take a more forceful line on the US' idiosyncratic approach to exports of indigenous energy commodities; points in this connection to the US practice of re-exporting, which is based on speculation for higher prices and does not bolster the transatlantic market;
2015/03/05
Committee: ITRE
Amendment 60 #

2014/2228(INI)

Draft opinion
Paragraph 2 b (new)
2b. Calls, in the interests of free trade, for the dismantling of indirect trade barriers, such as the US export ban on oil and natural gas and local content requirements on both sides, and a roadmap for the alignment of fuel quality standards;
2015/03/05
Committee: ITRE
Amendment 61 #

2014/2228(INI)

Draft opinion
Paragraph 2 c (new)
2c. Calls on the Commission, in the interests of legal certainty, predictability and regulatory stability, to take all measures to ensure that the European Economic Area remains a stable export market for hydrocarbons from the US;
2015/03/05
Committee: ITRE
Amendment 67 #

2014/2228(INI)

Draft opinion
Paragraph 3
3. Calls on the Commission to work on transatlantic harmonisation of standards and regulations that define the principles of public support for different energy sources; points in this regard to Europe's and the US' complementary expertise, which, through synergies, will make it possible to bolster the transatlantic energy market and to maximise the use of open public tendering for firms from both economic areas;
2015/03/05
Committee: ITRE
Amendment 109 #

2014/2228(INI)

Draft opinion
Paragraph 4 a (new)
4a. Calls on the Commission, in addition, to expand carbon leakage measures so that they are tailored to the regulatory situation under the TTIP;
2015/03/05
Committee: ITRE
Amendment 112 #

2014/2228(INI)

Draft opinion
Paragraph 4 b (new)
4b. Calls, with a view to increased energy security, for an emergency clause to be incorporated into the agreement which allow US exports to be fallen back on, in times of energy shortages, by suspending the application and licensing procedure for US firms;
2015/03/05
Committee: ITRE
Amendment 113 #

2014/2228(INI)

Draft opinion
Paragraph 4 c (new)
4c. Calls, in the light of the very different developments on spot markets, for reciprocal alignment of price movements by eliminating restrictions;
2015/03/05
Committee: ITRE
Amendment 116 #

2014/2228(INI)

Draft opinion
Paragraph 4 d (new)
4d. Calls for an energy chapter to take account of possible technology exports to the US in the area of renewables;
2015/03/05
Committee: ITRE
Amendment 117 #

2014/2228(INI)

Draft opinion
Paragraph 4 e (new)
4e. Calls for a modus operandi which, within both economic areas' legal systems, adequately protects states and investments in the energy field, as regards ISDS, and is sufficiently flexible to allow for the specific features of the respective standards;
2015/03/05
Committee: ITRE
Amendment 27 #

2014/2223(INI)

Draft opinion
Paragraph 4 a (new)
4a. Notes that timber resources are used and reused efficiently in order to meet demand from timber-processing firms and improve the sustainability and competitiveness of the forestry sector; acknowledges the versatility of timber as a raw material and the significance of the forestry sector for a climate-friendly value chain;
2015/02/03
Committee: ITRE
Amendment 42 #

2014/2223(INI)

Draft opinion
Paragraph 5 a (new)
5a. Supports resource efficiency and multiple timber use as measures which can enhance the potential of forests and minimise the impact of climate change; takes the view, in that connection, that the Commission should draw up best practice guidelines and make multiple timber use mandatory in law, with a view to regulating properly the use of timber as an energy source, in keeping with sustainability principles, and exploiting to the full the potential offered by the forestry sector;
2015/02/03
Committee: ITRE
Amendment 36 #

2014/2209(INI)

Motion for a resolution
Recital G
G. whereas small companies gain proportionally more than large entities from actions to improve resource efficiency and should receive more policy attention; whereas the potential gross benefit of improving resource efficiency is 10-17 % of turnover, depending on the operating sector;deleted
2015/03/02
Committee: ITRE
Amendment 59 #

2014/2209(INI)

Motion for a resolution
Paragraph 3
3. Highlights the fact that our economy will need to provide for an ever growing population – 9 billion people by 2050 – and that our natural resources are limited and therefore should be used in a very efficient way; points out new innovative solutions to these challenges such as new products, production processes, business practices and services, and a new supporting legal framework; takes the view that this legal framework should be technically and economically applicable and enforceable in all the Member States;
2015/03/02
Committee: ITRE
Amendment 102 #

2014/2209(INI)

Motion for a resolution
Paragraph 10
10. Calls on the Commission to make sure that in the implementation phase of the ‘Investment Plan for Europe’ SMEs, in particular green and innovative ones, will be key beneficiaries of the support provided for under this proposal; reminds the Commission, in this connection, that it must act in a technologically neutral manner;
2015/03/02
Committee: ITRE
Amendment 141 #

2014/2209(INI)

Motion for a resolution
Paragraph 18
18. Welcomes the Commission decision for withdrawing obsolete or overly burdensome legislative proposals; calls on the Commission to refrain from legislative proposals that would lead to an unnecessary administrative burden for businesses and SMEs and to continuously review existing legislation with the objective of decreasing the current administrative burden and adapting this to new business models; stresses, nonetheless, the need for ambitious actions that are technically and economically feasible in all the Member States in order to reach the EU’s environmental targets;
2015/03/02
Committee: ITRE
Amendment 153 #

2014/2209(INI)

Motion for a resolution
Paragraph 20
20. Notes that public funding needs to go to both mature technologies, which can be put on the market at a significantly lower cost, rather than being used to push for large-scale deployment of immature and cost-inefficient technologies and pilot projects in order to overcome the valley of death;
2015/03/02
Committee: ITRE
Amendment 426 #

2014/2153(INI)

Motion for a resolution
Paragraph 20
20. Believes that the development of renewable energy sources and the promotion of carbon-neutral energy sources with the objective of 20 % by 2020 and at least 27 % by 2030 is essential, taking into consideration energy costs, time-scales, operating and construction costs and their amortisation; stresses the importance of developing smarter energy grids and new energy storage solutions for the integration of renewables;
2015/02/03
Committee: ITRE
Amendment 443 #

2014/2153(INI)

Motion for a resolution
Paragraph 20 – point a (new)
(a) Believes that, in order to achieve greater cost-effectiveness in supporting different carbon-saving and renewable energies, high charges and subsidies should not only be enabled on the basis of renewability but the cost-effectiveness over the life-cycle of such a form of energy should be included as a basis for reaching a decision. This would have the advantage of promoting forms of energy that are really low cost and marketable, as well as ensuring that attention is paid to forms of energy which have quantifiable life-cycles, are carbon neutral, can be produced – once the construction costs have been covered – at virtually no cost and do not classify as renewables according to the current taxonomy.
2015/02/03
Committee: ITRE
Amendment 652 #

2014/2153(INI)

Motion for a resolution
Paragraph 35
35. Calls for the Projects of Common Interest (PCI) adopted in 2013 to be executed without delay; in this connection, there should be a focus on the elimination of energy islands through interoperability and price zones, rather than eliminating price zones where they already exist. In addition, extending price zones in this way must not lead to the undermining of carbon-neutral and renewable energy production.
2015/02/03
Committee: ITRE
Amendment 719 #

2014/2153(INI)

Motion for a resolution
Paragraph 40
40. Expresses the opinion that Russia can no longermust continue to be considered a reliable partner as it explicitly questions EU law, including at the World Trade Organisation, and uses energy supply for political purposes; in terms of gas supplies, as it has not yet brought the supply to Europe to a halt; what shortages there have been have resulted from negotiations in transit countries; stresses, therefore, the significance of the promise again made by Russia at the most resses, therefore,cent meeting between Alexei Miller and Commissioner Šefčovič that it will remain a reliable gas supplier; underlines that more attention should be concentrated on the development and further expansion of the gas supply infrastructure with Norway, the Southern Gas Corridor and the Mediterranean gas hub; also emphasises the significance of the pipeline projects which have been and are being initiated by Russia.
2015/02/03
Committee: ITRE
Amendment 3 #

2014/2139(DEC)

Draft opinion
Paragraph 4
4. Notes that the Commission will continue assessing the possibilities to merge existing agencies on the basis of careful impact assessments; welcomes the fact that this will make it possible to reduce costs and calls on the Commission to pay particular attention that the rationalisation measures should not compromise the valuable contribution of the agencies to policy decisions, particularly those related to the challenges of the Europe 2020 Strategy; considers that existing good practices of synergies among agencies serve a purpose of complementarity and should not be considered as overlapping activities;
2014/12/10
Committee: EMPL
Amendment 2 #

2014/2075(DEC)

Draft opinion
Paragraph 1
1. Notes that the Court of Auditors Report shows a slight decrease in the estimated error rate for the area of Employment and Social Affairs, which stood at 3.1% in 2013 compared to 3.2% in the previous year; notes that this error rate was still the second lowest amongst all policy areas and demands a further decrease in the error rate over the next few years;
2014/12/10
Committee: EMPL
Amendment 3 #

2014/2075(DEC)

Draft opinion
Paragraph 2
2. EmphasisNotes the importance of the European Social Fund (ESF) as a main policy tool to implement employment and social policy; notes that ESF spending accounted for around 98% of the policy area spending in 2013;
2014/12/10
Committee: EMPL
Amendment 11 #

2014/2075(DEC)

Draft opinion
Paragraph 4
4. Notes that the intention of Member States to absorb EU funds, shouldmust not compromise the consistent application of effective controls;
2014/12/10
Committee: EMPL
Amendment 20 #

2013/0442(COD)

Proposal for a directive
Recital 9
(9) This Directive should not apply to energy related products covered by implementing measures adopted in accordance with Directive 2009/125/EC or by Chapter III or IV of Directive 2010/75/EU. Certain other combustion plants should also be exempted from the scope of this Directive, on the basis of their technical characteristics or their use in particular activities. In order to get the legal framework right, the Commission is asked to draw up guidelines so that combustion plants which come under more than one of the above-mentioned categories are not subject to two sets of rules.
2015/03/10
Committee: ITRE
Amendment 33 #

2013/0442(COD)

Proposal for a directive
Article 2 – paragraph 1
1. This Directive shall apply to combustion plants with a rated thermal input equal to or greater than 15 MW and less than 50 MW (hereinafter referred to as ‘medium combustion plants’), irrespective of the type of fuel used.
2015/03/10
Committee: ITRE
Amendment 40 #

2013/0442(COD)

Proposal for a directive
Article 2 – paragraph 2 – point f a (new)
(fa) facilities for the conversion of hydrogen sulphide into sulphur; reactors used in the chemical industry; coke battery furnaces; combustion plants firing refinery fuels alone or with other fuels for the production of energy within mineral oil and gas refineries; boilers in pulp- making plants; combustion plants covered by Directive 97/68/EC of the European Parliament and of the Council; medium combustion plants which are part of an installation covered by Chapter II of Directive 2010/75/EU and the emission limit values of which are covered by Annex II and the provisions of Article 6, in respect of those pollutants for which emission limit values are set in accordance with Articles 13(5) and 15(3) of Directive 2010/75/EU.
2015/03/10
Committee: ITRE
Amendment 50 #

2013/0442(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 5
(5) ‘combustion plant’ means any technical apparatus, or medium facility constituting a combination of technical apparatuses in accordance with national provisions, in which fuels are oxidised in order to use the heat thus generated;
2015/03/10
Committee: ITRE
Amendment 55 #

2013/0442(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 6
(6) ‘existing combustion plant’ means a combustion plant put into operation before [1 year after the date of transposition], irrespective of when the permit for it was granted;
2015/03/10
Committee: ITRE
Amendment 56 #

2013/0442(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 15 – point a
(a) products consisting of any vegetable matter from agriculture or forestry which, in line with the principle of cascading use, can be used as a fuel for the purpose of recovering its energy content;
2015/03/10
Committee: ITRE
Amendment 59 #

2013/0442(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 16
(16) ‘operating hours’ means the time, expressed in hours, during which a combustion plant is operating fully and discharging emissions into the air, excluding start-up and shut-down periods;
2015/03/10
Committee: ITRE
Amendment 67 #

2013/0442(COD)

Proposal for a directive
Article 4 – paragraph 1 a (new)
1a. Member States shall ensure, in this regard, that account is taken of the administrative capacity of small and medium-sized enterprises, these being the operators of most medium combustion plants, and that no additional administrative burdens are shifted onto these enterprises.1 a __________________ 1a 75% of all medium combustion plants are operated by SMEs. The proposal takes insufficient account of the administrative capacity of these companies.
2015/03/10
Committee: ITRE
Amendment 69 #

2013/0442(COD)

Proposal for a directive
Article 4 – paragraph 2
2. The procedure for registration shall include at least a notification to the competent authority by the operator of the operation or the intention to operate a medium combustion plant.
2015/03/10
Committee: ITRE
Amendment 70 #

2013/0442(COD)

Proposal for a directive
Article 4 – paragraph 3
3. For each medium combustion plant, the notification by the operator shall contain at least the information listed in Annex I.
2015/03/10
Committee: ITRE
Amendment 82 #

2013/0442(COD)

Proposal for a directive
Article 5 – paragraph 2 – subparagraph 3
Member States may exempt existing medium combustion plants which on average over a five-year period do not operate more than 51000 operating hours per year from compliance with the emission limit values set out in Part 1 of Annex II, provided that their use, as auxiliary or emergency plants, is essential. In that case, for plants firing solid fuels, an emission limit value for particulate matter of 200 mg/Nm³ shall apply.
2015/03/10
Committee: ITRE
Amendment 103 #

2013/0442(COD)

Proposal for a directive
Article 5 – paragraph 3 – subparagraph 2
Member States may exempt newexisting medium combustion plants which do not operate more than 51000 operating hours per year from compliance with the emission limit values set out in Part 21 of Annex II, provided that their use, as emergency or auxiliary plants, is essential. In that case, for plants firing solid fuels, an emission limit value for particulate matter of 100 mg/Nm³ shall apply.
2015/03/10
Committee: ITRE
Amendment 108 #

2013/0442(COD)

Proposal for a directive
Article 5 – paragraph 3 – subparagraph 2 a (new)
Member States may grant small medium combustion plants with a capacity of less than 5 MW more time to achieve the limit values, given that they may need a higher level of investment in order to do so.
2015/03/10
Committee: ITRE