Activities of Notis MARIAS related to 2016/0221(COD)
Plenary speeches (1)
European venture capital funds and European social entrepreneurship funds (debate) EL
Amendments (11)
Amendment 70 #
Draft legislative resolution
Citation 4 a (new)
Citation 4 a (new)
- having regard to Protocol (No 1) of the Treaty on the Functioning of the European Union on the role of national parliaments in the European Union,
Amendment 71 #
Draft legislative resolution
Citation 4 b (new)
Citation 4 b (new)
- having regard to Protocol (No 2) of the Treaty on the Functioning of the European Union (TFEU) on the application of the principles of subsidiarity and proportionality,
Amendment 72 #
Proposal for a regulation
Citation 1 a (new)
Citation 1 a (new)
having regard to Protocol (No. 1) of the Treaty on the Functioning of the European Union on the role of national parliaments in the European Union,
Amendment 73 #
Proposal for a regulation
Citation 1 b (new)
Citation 1 b (new)
having regard to Protocol (No. 2) of the Treaty on the Functioning of the European Union (TFEU) on the application of the principles of subsidiarity and proportionality,
Amendment 76 #
Proposal for a regulation
Recital 2
Recital 2
(2) The Communication on the Investment Plan for Europe of 16 November 201422 should provides a comprehensive strategy to tackle the lack of finance which is holding back Europe's potential to grow and to provide jobs for its citizens, especially in the southern European Member States such as Greece, Italy, Spain and Portugal. It aims at unlocking private investment by using public funding and by improving the legal framework for the investment environment. _________________ 22 Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee, the Committee of the Regions and the European Investment bank: An Investment Plan for Europe (COM(2014)903 final).
Amendment 78 #
Proposal for a regulation
Recital 3
Recital 3
(3) The Communication on the Capital Markets Union of 30 September 201523 is an important element of the Investment Plan. It aims at reducing fragmentation in the financial markets and increasing supply of capital to businesses through the establishment of a genuine single capital market. The Communication specifies that Regulation (EU) No 345/2013 and Regulation (EU) No 346/2013 need to be amended to ensure that the frameworks are best able to supportincrease immediately investment in SMEs. _________________ 23 Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions: Action Plan on Building a Capital Markets Union (COM(2015)468 final).
Amendment 84 #
Proposal for a regulation
Recital 5
Recital 5
(5) In order to keep a highimprove the level of investor protection, those managers should continue to be subject to the requirements of Directive 2011/61/EU while complying with certain provisions of Regulation (EU) No 345/2013 or Regulation (EU) No 346/2013, namely the provisions concerning eligible investments, targeted investors and information requirements.
Amendment 98 #
(7) The range of eligible undertakings in which qualifying venture capital funds can invest should be expanded immediately to further increase supply of capital to businesses. The definition of qualifying portfolio undertakings should therefore include companies with up to 499 employees (small mid-caps) and small and medium enterprises listed on SME growth markets. The new investment options should also allow growth stage entities that have already access to other sources of financing, such as SME growth markets, to receive capital from qualifying venture capital funds which in turn should contribute to the development of the SME growth markets.
Amendment 103 #
Proposal for a regulation
Recital 8
Recital 8
(8) Qualifying venture capital funds should be allowed to participate on the longer term also in the funding ladder for unlisted SMEs, unlisted small-midcaps and SMEs listed on SME growth markets, to further enhance their potential for making returns from high-growth companies. Therefore, follow-on investments subsequent to the first investment should be allowed.
Amendment 107 #
Proposal for a regulation
Recital 10
Recital 10
Amendment 127 #
Proposal for a regulation
Recital 13
Recital 13
(13) Since tThe objectives of this Regulation, namely to further strengthen an internal market for qualifying venture capital funds and qualifying social entrepreneurship funds by strengthening the use of ‘EuVECA’ and ‘EuSEF’ labels, cannot be sufficiently achieved by theat Member States and can therefore, by reason of its scale and effects, be better achieved at Union level, t. 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, this Regulation does not go beyond what is necessary in order to achieve the objectives pursued, in accordance with Article 5(4) of the Treaty on European Union.