5 Amendments of Tom VANDENKENDELAERE related to 2015/0009(COD)
Amendment 814 #
Proposal for a regulation
Article 3 – paragraph 4 – subparagraph 1 a (new)
Article 3 – paragraph 4 – subparagraph 1 a (new)
Based on an open and transparent selection process in line with EIB procedures, the Managing Director and the deputy Managing Director shall be appointed by the President of the EIB for a once renewable fixed term of three years.
Amendment 846 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
The EFSI Agreement shall provide that the EFSI shall have an Investment Committee, which shall be responsible for examining potential operations in line with the EFSI investment policies and approving the support of the EU guarantee for operations in line with Article 5, irrespective of their geographic location. . Further, the Investment committee shall be the competent body to approve the eligibility of investment platforms and national promotional banks for the use of the EU guarantee to be granted via the EIB under the counter guarantee of the Union. Underlying projects of financing or investment operations implemented through a national promotional bank or institution or an investment platform that consist of several underlying projects shall as a rule be submitted to the Investment Committee approval jointly, except where the Investment Committee otherwise decides. The Investment Committee shall decide whether new operations implemented through a national promotional bank or institution or an investment platform for which it has already approved the use of the EU guarantee by the EIB are to be submitted for its approval.
Amendment 872 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixeight independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance and be appointed by the Steering Board for a renewable fixed term of three years. These experts shall be appointed in an open and transparent selection process free from political interference.
Amendment 1089 #
Proposal for a regulation
Article 6 – paragraph 2 – point a
Article 6 – paragraph 2 – point a
(a) (a) EIB loans, guarantees, counter- guarantees, capital market instruments, any other form of funding or credit enhancement instrument, equity or quasi- equity participations, including through national promotional banks or institutions, investment platforms or funds. These Instruments shall be granted, acquired or issued for the benefit of operations carried out in the Union, including cross-border operations between a Member State and a third country, in compliance with this Regulation and where EIB financing has been granted in accordance with a signed agreementfinancing agreement or transaction signed or entered into by the EIB which has neither expired nor been cancelled;
Amendment 1096 #
Proposal for a regulation
Article 6 – paragraph 2 – point b a (new)
Article 6 – paragraph 2 – point b a (new)
(ba) The use of the EU guarantee in respect of operations referred to in paragraph 2(a) shall be subject to the prior approval of the Investment Committee. Underlying projects of financing or investment operations by the EIB itself or implemented through a national promotional bank or institution or an investment platform that consist of several underlying projects shall as a rule be submitted to the Investment Committee approval jointly, except where the Investment Committee otherwise decides. The Investment Committee shall decide whether new operations implemented through a national promotional bank or institution or an investment platform for which it has already approved the use of the EU guarantee by the EIB are to be submitted for its approval.