2 Amendments of Georgios EPITIDEIOS related to 2016/0274(COD)
Amendment 5 #
Proposal for a regulation
Recital 5
Recital 5
(5) The financial management of the Guarantee Fund should be transferred from the EIB to the Commission, which has an established practice of managing similar investmentsEuropean Council, in which all the Member States are represented, thus ensuring their control of the fund. By taking over the asset management of the Guarantee Fund, the Commission should be able to streamline and consolidate its asset management activities, building on existing structures and a good track record.
Amendment 7 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EC, Euratom) No 480/2009
Article 7
Article 7
The Commissionuncil shall ensure the financial management of the Fund. The Commissionuncil shall manage and invest the resources of the Guarantee Fund in accordance with the principle of sound financial management and shall follow appropriate prudential rules.’ (This amendment applies throughout the text)