8 Amendments of Pirkko RUOHONEN-LERNER related to 2016/0276(COD)
Amendment 131 #
Proposal for a regulation
Recital 9
Recital 9
(9) Additionality, a key feature of the EFSI, should be strengthened in the selection of projects. In particular, operations should only be eligible for EFSI support if they address clearly identified market failures or sub-optimal investment situationsand do not crowd out other funding. Operations in infrastructure under the Infrastructure and Innovation Window linking two or more Member States, including e-infrastructure, should be considered additional given their inherent difficulty and their high added value for the Unionmay meet these criteria, provided that they show considerable anticipated social returns and would not be carried out without EFSI funding.
Amendment 263 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 1
Article 5 – paragraph 1 – subparagraph 1
Amendment 268 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 b (new)
Article 1 – paragraph 1 – point 1 b (new)
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 2
Article 5 – paragraph 1 – subparagraph 2
1b) In Article 5(1) subparagraph 2 shall be replaced by the following: ‘The projects supported by the EFSI, while striving to create employment and sustainable growth, shall be considered to provide additionality if they carry a risk corresponding to EIB special activities, as defined in Article 16 of the EIB Statute and by the credit risk policy guidelines of the EIB. projects would not be carried out without EFSI funding.’;
Amendment 276 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 3
Article 5 – paragraph 1 – subparagraph 3
‘To better address market failures or sub- optimal investment situations, thereby ensuring additionality and avoiding crowding out other participants in the same market, EIB special activities supported by the EFSI shall typically have features such as subordination, participation in risk- sharing instruments, cross-border characteristics, exposure to specific risks or other identifiable aspects as further described in Annex II. considerable anticipated social returns, combined with non-completion of the project in the absence of EFSI funding.’
Amendment 285 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 5
Article 5 – paragraph 1 – subparagraph 5
The projects supported by the EFSI that consist of physical infrastructure linking two or more Member States or of the extension of physical infrastructure or services linked to physical infrastructure from one Member State to one or more Member States, shall also be considered to provide additionality.';, if they show considerable anticipated social returns, combined with non-completion of the project in the absence of EFSI funding.
Amendment 308 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a (new)
Article 1 – paragraph 1 – point 4 – point -a (new)
Regulation (EU) No 2015/1017
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
-a) In paragraph 3, the first subparagraph is replaced by the following: ‘The Steering Board shall comprise fourive members: three appointed by the Commission, one by the EIB and one by the EIBuropean Parliament. The Steering Board shall elect a Chairperson from among its members for a fixed term of three years, renewable once. The Steering Board shall take its decisions by consensus.’;
Amendment 340 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Regulation (EU) No 2015/1017
Article 9 – paragraph 2 – introductory part
Article 9 – paragraph 2 – introductory part
5 a) Article 9, point (2), introductory words The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 7(7) or for funding or guarantees to the EIF in order to conduct EIB financing and investment operations in accordance with Article 11(3). In accordance with the guidance of the Steering Board, an appropriate part of the EU guarantee shall be granted directly to investment platforms and national promotional banks or institutions, subject to an additionality requirement for their operations too. The operations concerned shall be consistent with Union policies and support any of the following general objectives:’
Amendment 396 #
Proposal for a regulation
Article 1 – paragraph 1 – point 7 – point b
Article 1 – paragraph 1 – point 7 – point b
Regulation (EU) No 2015/1017
Article 11 – paragraph 3
Article 11 – paragraph 3
3. Where the EIB provides funding or guarantees to the EIF in order to conduct EIB financing and invBefore independent impact assestsment operations, the EU guarantee shall provide for a full guarantee on such funding or guarantees provided that an amount of at least EUR 4 000 000 000 of funding or guarantees is provided by the EIB without coverage by the EU guarantee, up to an initial limit of EUR 6 500 000 000. Without prejudice to paragraph 1, that limit may where appropriate be adjusted by the Steering Boards are carried out, there is no reason to continue EFSI funding without evidence of impact on growth and jobs.