BETA

Activities of Caroline NAGTEGAAL

Plenary speeches (22)

Effects of the bankruptcy of Thomas Cook Group (debate)
2019/10/21
EU strategy for mobility and transport: measures needed until 2030 and beyond (debate)
2020/01/29
Commission communication on the Review of the economic governance (debate)
2020/02/10
Preparation of the Extraordinary European Council Meeting of 20 February 2020 on the Multiannual Financial Framework (debate)
2020/02/12
Draft Council decision on the system of own resources of the European Union (continuation of debate)
2020/09/14
Dossiers: 2018/0135(CNS)
Sustainable Europe Investment Plan - How to finance the Green Deal (debate)
2020/11/12
Dossiers: 2020/2058(INI)
Revision of the Trans-European Transport Network (TEN-T) guidelines (debate)
2021/01/19
Dossiers: 2019/2192(INI)
Establishing the Recovery and Resilience Facility (debate)
2021/02/09
Dossiers: 2020/0104(COD)
European Semester: annual sustainable growth strategy 2021 – European Semester: employment and social aspects in the annual sustainable growth strategy 2021 (debate)
2021/03/10
Dossiers: 2020/2244(INI)
Digital Green Certificate - Union citizens - Digital Green Certificate - third country nationals - The accessibility and affordability of Covid-testing (debate)
2021/04/28
Dossiers: 2021/2654(RSP)
A European strategy for energy system integration – A European strategy for hydrogen (debate)
2021/05/17
Dossiers: 2020/2241(INI)
Review of the macroeconomic legislative framework (debate)
2021/07/07
Dossiers: 2020/2075(INI)
Towards future-proof inland waterway transport in Europe (short presentation)
2021/09/13
Dossiers: 2021/2015(INI)
Banking Union - annual report 2020 (debate)
2021/10/06
Dossiers: 2020/2122(INI)
European Central Bank – annual report 2021 (continuation of debate)
2022/02/14
Dossiers: 2020/2085(INI)
Pilot regime for market infrastructures based on distributed ledger technology (debate)
2022/03/23
Dossiers: 2020/0267(COD)
Discharge 2020 (debate)
2022/05/04
Dossiers: 2021/2107(DEC)
Sustainable aviation fuels (ReFuelEU Aviation Initiative) (debate)
2022/07/07
Dossiers: 2021/0205(COD)
Sustainable maritime fuels (FuelEU Maritime Initiative) - Deployment of alternative fuels infrastructure (debate)
2022/10/17
Dossiers: 2021/0210(COD)
European Central Bank - annual report 2022 (debate)
2023/02/15
Dossiers: 2022/2037(INI)
Revision of the Stability and Growth Pact (debate)
2023/05/09
Financial activities of the European Investment Bank – annual report 2022 - Control of the financial activities of the European Investment Bank - annual report 2022 (joint debate - European Investment Bank)
2023/07/11
Dossiers: 2022/2062(INI)

Reports (4)

RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2014/65/EU on markets in financial instruments
2020/09/29
Committee: ECON
Dossiers: 2018/0047(COD)
Documents: PDF(167 KB) DOC(50 KB)
Authors: [{'name': 'Caroline NAGTEGAAL', 'mepid': 190519}]
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the exemption of certain third country foreign exchange benchmarks and the designation of replacement benchmarks for certain benchmarks in cessation
2020/11/19
Committee: ECON
Dossiers: 2020/0154(COD)
Documents: PDF(214 KB) DOC(66 KB)
Authors: [{'name': 'Caroline NAGTEGAAL', 'mepid': 190519}]
REPORT towards future-proof inland waterway transport in Europe
2021/07/06
Committee: TRAN
Dossiers: 2021/2015(INI)
Documents: PDF(204 KB) DOC(73 KB)
Authors: [{'name': 'Caroline NAGTEGAAL', 'mepid': 190519}]
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2009/18/EC establishing the fundamental principles governing the investigation of accidents in the maritime transport sector
2023/12/08
Committee: TRAN
Dossiers: 2023/0164(COD)
Documents: PDF(260 KB) DOC(111 KB)
Authors: [{'name': 'Caroline NAGTEGAAL', 'mepid': 190519}]

Shadow reports (14)

REPORT on the draft Council directive amending Directive 2006/112/EC on the common system of value added tax as regards the special scheme for small enterprises and Regulation (EU) No 904/2010 as regards the administrative cooperation and exchange of information for the purpose of monitoring the correct application of the special scheme for small enterprises
2019/12/13
Committee: ECON
Dossiers: 2018/0006(CNS)
Documents: PDF(158 KB) DOC(48 KB)
Authors: [{'name': 'Inese VAIDERE', 'mepid': 28617}]
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council amending Regulation (EC) No 561/2006 as regards minimum requirements on maximum daily and weekly driving times, minimum breaks and daily and weekly rest periods and Regulation (EU) No 165/2014 as regards positioning by means of tachographs
2020/06/10
Committee: TRAN
Dossiers: 2017/0122(COD)
Documents: PDF(179 KB) DOC(54 KB)
Authors: [{'name': 'Henna VIRKKUNEN', 'mepid': 124726}]
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards adjustments in response to the COVID-19 pandemic
2020/06/10
Committee: ECON
Dossiers: 2020/0066(COD)
Documents: PDF(268 KB) DOC(72 KB)
Authors: [{'name': 'Jonás FERNÁNDEZ', 'mepid': 125046}]
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937
2020/09/29
Committee: ECON
Dossiers: 2018/0048(COD)
Documents: PDF(167 KB) DOC(50 KB)
Authors: [{'name': 'Eugen JURZYCA', 'mepid': 197767}]
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132
2020/12/03
Committee: ECON
Dossiers: 2016/0365(COD)
Documents: PDF(168 KB) DOC(50 KB)
Authors: [{'name': 'Johan VAN OVERTVELDT', 'mepid': 125106}, {'name': 'Marek BELKA', 'mepid': 197496}]
REPORT on technical and operational measures for more efficient and cleaner maritime transport
2021/03/02
Committee: TRAN
Dossiers: 2019/2193(INI)
Documents: PDF(224 KB) DOC(83 KB)
Authors: [{'name': 'Karima DELLI', 'mepid': 96868}]
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive (EU) 2017/2397 as regards the transitional measures for the recognition of third countries certificates
2021/06/21
Committee: TRAN
Dossiers: 2021/0039(COD)
Documents: PDF(181 KB) DOC(77 KB)
Authors: [{'name': 'Andris AMERIKS', 'mepid': 197783}]
REPORT on Banking Union – annual report 2020
2021/07/26
Committee: ECON
Dossiers: 2020/2122(INI)
Documents: PDF(227 KB) DOC(85 KB)
Authors: [{'name': 'Danuta Maria HÜBNER', 'mepid': 96779}]
REPORT on the proposal for a regulation of the European Parliament and of the Council on the deployment of alternative fuels infrastructure, and repealing Directive 2014/94/EU of the European Parliament and of the Council
2022/10/04
Committee: TRAN
Dossiers: 2021/0223(COD)
Documents: PDF(1 MB) DOC(480 KB)
Authors: [{'name': 'Petar VITANOV', 'mepid': 197844}]
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2003/25/EC as regards the inclusion of improved stability requirements and its alignment with stability requirements defined by the International Maritime Organisation
2022/10/21
Committee: TRAN
Dossiers: 2022/0036(COD)
Documents: PDF(188 KB) DOC(81 KB)
Authors: [{'name': 'Roberts ZĪLE', 'mepid': 28615}]
REPORT on the European Central Bank – annual report 2022
2023/02/06
Committee: ECON
Dossiers: 2022/2037(INI)
Documents: PDF(188 KB) DOC(70 KB)
Authors: [{'name': 'Rasmus ANDRESEN', 'mepid': 197448}]
REPORT on the financial activities of the European Investment Bank – annual report 2022
2023/06/05
Committee: ECON
Dossiers: 2022/2062(INI)
Documents: PDF(222 KB) DOC(85 KB)
Authors: [{'name': 'Stefan BERGER', 'mepid': 197410}]
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC) No 561/2006 as regards minimum requirements on minimum breaks and daily and weekly rest periods in the occasional passenger transport sector
2023/11/21
Committee: TRAN
Dossiers: 2023/0155(COD)
Documents: PDF(253 KB) DOC(97 KB)
Authors: [{'name': 'Henna VIRKKUNEN', 'mepid': 124726}]
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Maritime Safety Agency and repealing Regulation (EC) No 1406/2002
2023/12/08
Committee: TRAN
Dossiers: 2023/0163(COD)
Documents: PDF(421 KB) DOC(190 KB)
Authors: [{'name': 'Cláudia MONTEIRO DE AGUIAR', 'mepid': 124734}]

Opinions (2)

OPINION on the Sustainable Europe Investment Plan – How to finance the Green Deal
2020/07/14
Committee: TRAN
Dossiers: 2020/2058(INI)
Documents: PDF(147 KB) DOC(73 KB)
Authors: [{'name': 'Caroline NAGTEGAAL', 'mepid': 190519}]
OPINION on ensuring European transportation works for women
2023/03/28
Committee: TRAN
Dossiers: 2022/2140(INI)
Documents: PDF(194 KB) DOC(63 KB)
Authors: [{'name': 'Caroline NAGTEGAAL', 'mepid': 190519}]

Shadow opinions (5)

OPINION on a European Strategy for Hydrogen
2021/02/25
Committee: TRAN
Dossiers: 2020/2242(INI)
Documents: PDF(158 KB) DOC(76 KB)
Authors: [{'name': 'Georg MAYER', 'mepid': 38511}]
OPINION on discharge in respect of the implementation of the budget of the European Maritime Safety Agency for the financial year 2020
2022/01/17
Committee: TRAN
Dossiers: 2021/2134(DEC)
Documents: PDF(141 KB) DOC(69 KB)
Authors: [{'name': 'Gheorghe FALCĂ', 'mepid': 197649}]
OPINION on the proposal for a Council directive restructuring the Union framework for the taxation of energy products and electricity (recast)
2022/05/18
Committee: TRAN
Dossiers: 2021/0213(CNS)
Documents: PDF(248 KB) DOC(195 KB)
Authors: [{'name': 'Maria GRAPINI', 'mepid': 124785}]
Opinion on “Application of Articles 93, 107 and 108 of the Treaty on the Functioning of the European Union to certain categories of State aid in the rail, inland waterway and multimodal transport sector”
2022/11/29
Committee: TRAN
Dossiers: 2022/0209(NLE)
Documents: PDF(99 KB) DOC(51 KB)
Authors: [{'name': 'Karima DELLI', 'mepid': 96868}]
OPINION on the proposal for a regulation of the European Parliament and of the Council on establishing a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem (Net Zero Industry Act)
2023/07/20
Committee: TRAN
Dossiers: 2023/0081(COD)
Documents: PDF(286 KB) DOC(202 KB)
Authors: [{'name': 'Anna DEPARNAY-GRUNENBERG', 'mepid': 197453}]

Institutional motions (2)

MOTION FOR A RESOLUTION on the effects of the bankruptcy of the Thomas Cook Group
2019/10/21
Dossiers: 2019/2854(RSP)
Documents: PDF(147 KB) DOC(50 KB)
MOTION FOR A RESOLUTION on an EU strategy to put an end to female genital mutilation around the world
2020/02/05
Dossiers: 2019/2988(RSP)
Documents: PDF(163 KB) DOC(55 KB)

Oral questions (1)

Breaches of EU law and of the rights of LGBTIQ citizens in Hungary as a result of the adopted legal changes in the Hungarian Parliament
2021/06/22
Documents: PDF(55 KB) DOC(11 KB)

Written explanations (57)

General budget of the European Union for 2020 - all sections (A9-0017/2019 - Monika Hohlmeier, Eider Gardiazabal Rubial)

De Europese begroting voor 2020 legt meer nadruk op prioriteiten die voor de VVD belangrijk zijn, zoals digitalisering, ondersteuning van het midden- en kleinbedrijf, investeringen in een betaalbaar en behapbaar klimaatbeleid en het migratie- en veiligheidsbeleid. De VVD betreurt het echter dat alle budgetten worden verhoogd zonder dat er wordt gekeken waar er kan worden bespaard. Daarnaast worden marges en flexibiliteit zodanig benut dat er beperkte ruimte overblijft voor onvoorziene omstandigheden. Hierbij kan gedacht worden aan budget dat beschikbaar moet zijn in geval van een natuurramp, veiligheidsdreiging, humanitaire crisis of migratiecrisis. Daarom heeft de VVD deze resolutie niet kunnen steunen.
2019/10/23
2020 budgetary procedure: joint text (A9-0035/2019 - Monika Hohlmeier, Eider Gardiazabal Rubial)

De Europese begroting voor 2020 legt meer nadruk op prioriteiten die voor de VVD belangrijk zijn, zoals digitalisering, ondersteuning van het MKB, investeringen in een betaalbaar en behapbaar klimaatbeleid en het migratie- en veiligheidsbeleid. De VVD betreurt het echter dat alle budgetten worden opgehoogd zonder dat er wordt gekeken waar er kan worden bespaard. Daarnaast worden marges en flexibiliteit zodanig benut dat er beperkte ruimte overblijft voor onvoorziene omstandigheden. Hierbij kan gedacht worden aan budget dat beschikbaar moet zijn in geval van een natuurramp, veiligheidsdreiging, een humanitaire of migratiecrisis. Daarom heeft de VVD deze begroting niet kunnen steunen.
2019/11/27
2019 UN Climate Change Conference (COP25) (B9-0174/2019)

De VVD heeft voor de resolutie over de COP25 gestemd. Bij de stemming over amendement 32 heeft de delegatie zich echter onthouden, en dit omdat zowel de originele tekst van paragraaf 64 als amendement 32 tegenstrijdigheden bevatten waar de VVD niet akkoord mee kan gaan.In amendement 32 werd de doelstelling van de maritieme sector om tegen 2023 maatregelen op korte en middellange termijn te nemen, geschrapt. Het is noodzakelijk dat de maritieme sector zelf met maatregelen komt, en dit ten laatste in het jaar 2023. Toch kan de VVD niet akkoord gaan met de visie in paragraaf 64 dat de maritieme sector sowieso wordt opgenomen in het emissiehandelssysteem.Wij geloven in een internationale aanpak die zou moeten vertrekken vanuit de Internationale Maritieme Organisatie. Mocht dit niet lukken tegen 2023, dan zien we wel een mogelijkheid om tot Europese maatregelen over te gaan. Een handelsemissiesysteem is een van de mogelijkheden die dan bekeken kunnen worden, mits er eerst een grondige effectbeoordeling wordt verricht.
2019/11/28
Gender pay gap (B9-0069/2020, B9-0073/2020, B9-0083/2020, B9-0084/2020)

De VVD heeft zich vandaag onthouden van stemming bij de resolutie over de loonkloof tussen mannen en vrouwen. Hoewel de VVD volledig eens is met het principe “gelijk loon voor gelijk werk” en tegen elke vorm van discriminatie is, zijn bindende en wetgevende maatregelen volgens ons niet het geëigende middel om de loonkloof te dichten. Lidstaten moeten er allereerst zelf voor zorgen dat vrouwen niet worden achtergesteld op de arbeidsmarkt. Hiervoor hoeft niet direct naar de Europese Commissie te worden gekeken.Verder acht de VVD het niet de taak van de Europese Commissie om richtlijnen op te stellen over een genderneutrale evaluatie van banen alsmede het opzetten van een classificatiesysteem om de “waarde” van werk te bepalen.
2020/01/30
EU coordinated action to combat the COVID-19 pandemic and its consequences

De VVD is groot voorstander van een gecoördineerde aanpak van deze crisis en steunt de overkoepelende boodschap van deze resolutie: samen uit deze crisis komen. Bijvoorbeeld als het gaat om het openhouden van grenzen voor medische goederen, voedsel en grenswerkers in vitale beroepen, de gezamenlijke aanpak van desinformatie en cybercrime als gevolg van de corona-uitbraak, of kennisuitwisseling tussen Europese onderzoekers in de zoektocht naar een vaccin tegen dit vreselijke virus.Er zit echter ook een aantal inhoudelijke voorstellen in de tekst die de VVD niet kan steunen en waar we op precieze onderdelen derhalve tegengestemd hebben. Hier gaat het bijvoorbeeld om een oproep tot een verhoging van de Europese begroting, een permanent Europees werkeloosheidsinstrument, het vroegtijdig vrijlaten van gevangenen met korte straffen en een nieuw financieringsvoorstel, de zogenaamde herstelobligaties.De VVD vindt het van groot belang dat we samen uit deze crisis komen, maar acht het niet verstandig om op te roepen tot nieuwe financiële instrumenten wanneer de noodzakelijke onderbouwing over de uitwerking daarvan en voorwaarden ontbreken. Solidariteit moet samengaan met verstandige beleidskeuzes. Omdat deze genoemde voorstellen wat de VVD betreft zwaar wegen, kon de VVD-delegatie de resolutie als geheel niet steunen en heeft ze zich daarom onthouden van stemming.
2020/04/17
Competition policy - annual report 2019 (A9-0022/2020 - Stéphanie Yon-Courtin)

Betreft amendement 27:Voor oneerlijke concurrentie en vijandige overnames in Europa, vanuit vooral China, zijn stevige maatregelen nodig. Een eenzijdig verbod op alle overnames door bedrijven uit alle niet-EU-landen die banden hebben met een staat, waar dit amendement toe oproept, is daarvoor niet de oplossing en is bovendien onrealistisch. We hebben een juridisch houdbaar instrumentarium nodig dat complementair is aan onze open economie én ons bedrijfsleven beschermt tegen oneerlijke praktijken. Daar moeten we de aandacht op richten. Daarom heeft de VVD-fractie tegen dit amendement van de tekst gestemd.
2020/06/18
The reopening of the investigation against the Prime Minister of the Czech Republic on the misuse of EU funds and potential conflicts of interest (B9-0192/2020)

De VVD-fractie hecht zeer veel waarde aan het voorkomen en tegengaan van belangenverstrengeling en misbruik van EU-gelden, en steunt daarom ook de oproep in de resolutie om wanpraktijken aan te pakken. Wij hechten ook aan het principe dat iemand onschuldig is tot het tegendeel is bewezen. In deze resolutie worden al conclusies getrokken over een nog lopend onderzoek. Zolang het onafhankelijke onderzoek nog loopt, is het voorbarig om als Europees Parlement een oordeel te vellen. Daarom heeft de VVD-fractie zich op de eindstemming onthouden van stemming. Mochten er uit het onderzoek wanpraktijken naar voren komen, zal de VVD-fractie deze ten strengste veroordelen.
2020/06/19
Conclusions of the extraordinary European Council meeting of 17-21 July 2020 (B9-0229/2020)

. – De VVD-delegatie in het Europees Parlement verwelkomt in deze resolutie, samen met een ruime meerderheid in het Europees Parlement, de uitkomst van de bijeenkomst van de Europese Raad (17-21 juli) en de overeenstemming die daar is bereikt over het Europees budget (2021-2027) en het herstelfonds. In het akkoord van de Raad is een juiste balans bereikt tussen solidair en verstandig beleid, waarbij landen die zwaar getroffen zijn door de uitbraak van COVID-19 de benodigde steun krijgen, op voorwaarde dat deze landen door middel van hervormingen toekomstige economische weerbaarheid bewerkstelligen.De VVD-delegatie heeft echter tegen tekstonderdelen van de resolutie gestemd die oproepen tot een verdere uitbreiding van het pakket aan eigen middelen ten opzichte van de conclusies van de Europese Raad en kan ook de oproep tot afschaffing van kortingen voor lidstaten die netto meer afdragen aan de EU niet ondersteunen. De VVD ondersteunt wel de oproep in deze resolutie om de Europese begroting te moderniseren en geld te herschikken naar nieuwe prioriteiten als migratie, veiligheid, innovatie klimaat en de digitale transitie. Het is van belang dat Europa nu snel aan de slag kan om sterker uit deze crisis te komen.
2020/07/23
Draft Council decision on the system of own resources of the European Union (A9-0146/2020 - José Manuel Fernandes, Valerie Hayer)

De VVD-delegatie in het Europees Parlement heeft vandaag tegen het verslag over eigen middelen in de Europese Unie gestemd. De VVD kan de oproep van het Europees Parlement niet steunen als het gaat om de invoering van nieuwe Europese belastingen.De Europese Raad is tijdens de vergadering van 17-21 juli jl. tot een akkoord gekomen, onder andere over hoe de Europese begroting gefinancierd moet worden. De VVD-fractie steunt dit akkoord, maar acht de oproep tot een (juridisch bindende) invoering van bijvoorbeeld een Financiële Transactietaks (FTT) en een Europese vennootschapsbelasting niet opportuun.
2020/09/16
Implementation of the common commercial policy – annual report 2018 (A9-0160/2020 - Jörgen Warborn)

De VVD-delegatie steunt een groot deel van het jaarverslag 2018 over de tenuitvoerlegging van het gemeenschappelijk handelsbeleid. Het verslag kijkt onder andere naar de impact van COVID-19 op handel, roept op om de Wereldhandelsorganisatie te hervormen en verwelkomt de nieuwe handelsverdragen met landen zoals Japan en Singapore. Het verslag erkent het belang van handel op basis van regels en een multilateraal handelssysteem. Die ambitie steunt de VVD ten zeerste.Een aantal onderdelen van dit verslag kan de VVD echter niet steunen, zoals een oproep in het kader van eigen middelen voor onder andere een “Common Consolidated Corporate Tax Base”. Verder roept dit verslag op om de ratificatie van het EU-Mercosur-akkoord voortijdig uit te sluiten. Deze oproep kan de VVD niet steunen. Handelsakkoorden zorgen voor welvaart en hogere standaarden, bijvoorbeeld op het gebied van milieu en arbeidsnormen. Dit was voor de VVD-delegatie reden om zich te onthouden op de eindstemming. Europa en Nederland hebben baat bij een ambitieus Europees handelsbeleid, juist in tijden van deze coronacrisis en de economische gevolgen hiervan.
2020/10/07
Further development of the Capital Markets Union (CMU): improving access to capital market finance, in particular by SMEs, and further enabling retail investor participation (A9-0155/2020 - Isabel Benjumea Benjumea)

Vandaag heeft in het Europees Parlement een stemming plaatsgevonden over de ontwikkeling van de Europese kapitaalmarktenunie. De VVD is groot voorstander van dit dossier, daar het als doelstelling heeft om de Europese economie minder afhankelijk te maken van enkel bancaire financiering. In algemene zin steunt de VVD de voorstellen in dit verslag die gericht zijn op een versterking en verdieping van de kapitaalmarkten in de EU, aangezien deze bijdragen aan economische groei en financiële stabiliteit.Met enkele onderdelen van het verslag, zoals bijvoorbeeld de invoering van een Europese vennootschapsbelasting en het creëren van een veilig Europees vermogensbestanddeel, kan de VVD echter niet instemmen. De VVD-delegatie heeft zich vandaag daarom onthouden van stemming.
2020/10/08
Reinforcing the Youth Guarantee (B9-0310/2020)

Vandaag is er in het Europees Parlement gestemd over de toekomst van de Europese jongerengarantie, een initiatief om werkloze jongeren zo snel mogelijk aan een baan of opleiding te helpen. In deze tijden is dit zeker ook een belangrijk onderwerp. De VVD ondersteunt een voortvarende aanpak van jeugdwerkloosheid van harte.Uiteindelijk heeft de VVD-delegatie zich toch onthouden bij de eindstemming. De resolutie vraagt om van de jongerengarantie een bindend instrument voor alle lidstaten te maken, opgelegd en gecontroleerd door de EU. Dit gaat de VVD-delegatie te ver. Daarnaast vraagt de resolutie om nog eens extra middelen voor het ESF+, en zouden alle lidstaten nog eens 3 % vanuit het ESF+ moeten besteden aan de aanpak van jeugdwerkloosheid. Dit zou ook gelden voor lidstaten waar de jeugdwerkloosheid relatief laag is.
2020/10/08
Deforestation (A9-0179/2020 - Delara Burkhardt)

Bossen en regenwouden spelen een belangrijke rol in het tegengaan van klimaatverandering. De VVD onderschrijft dan ook de doelstelling van het verslag om Europese bossen beter te beschermen door ontbossing te reguleren en heeft daarom voor het verslag gestemd. De hoofdstukken over due diligence heeft de VVD echter niet gesteund, omdat deze een voorschot nemen op het duediligencevoorstel van de Commissie dat volgend jaar wordt verwacht en een horizontale duediligenceverplichting zal introduceren. De VVD geeft de voorkeur aan een consequente duediligenceaanpak om fragmentatie in de EU-wetgeving te voorkomen.
2020/10/22
Gender Equality in EU’s foreign and security policy (A9-0145/2020 - Ernest Urtasun)

Vandaag heeft het Europees Parlement gestemd over gendergelijkheid in het buitenlands en veiligheidsbeleid van de EU. De VVD-delegatie onderschrijft het belang van gelijke rechten en gelijke kansen voor mannen en vrouwen en staat positief tegenover verhoging van de participatie van vrouwen in het buitenlands en veiligheidsbeleid van de EU. Een aantal onderdelen van dit verslag kan de VVD echter niet steunen, zoals quota voor de deelname van vrouwen aan controle-, evaluatie- en toezichtmechanismen, de eis dat 85 % van de officiële ontwikkelingshulp (ODA) moet worden besteed aan programma’s waarin gendergelijkheid de hoofddoelstelling is en het streefdoel van 50 % vrouwen in leidinggevende functies. Ook acht de VVD het niet werkbaar en/of veilig dat op alle EU-ambassades een gendermedewerker ongelimiteerde toegang dient te krijgen tot informatiestromen inclusief geclassificeerde informatie. De VVD-delegatie heeft daarom vandaag tegen dit verslag gestemd.
2020/10/23
Common agricultural policy – amendment of the CMO and other Regulations (A8-0198/2019 - Eric Andrieu)

Vandaag heeft het Europees Parlement gestemd over de regels voor producten en samenwerking in de landbouwsector. Het is goed dat er meer mogelijkheden komen om duurzaamheidsinitiatieven in de keten te realiseren. De VVD heeft zich echter onthouden van stemming over dit verslag omdat een aantal voorstellen verregaand ingrijpt in de vrijemarktwerking.
2020/10/23
The impact of Covid-19 measures on democracy, fundamental rights and rule of law (B9-0343/2020)

. ‒ De leden van de VVD-delegatie steunen de geest van de resolutie, namelijk: de pandemie waarin we ons momenteel bevinden mag nooit of te nimmer een excuus zijn om verworven democratische rechten en vrijheden op disproportionele wijze in te perken. De delegatie heeft zich tijdens de eindstemming niettemin van stemming onthouden omdat zij aangenomen amendement 19, waarin wordt opgeroepen tot onmiddellijke evacuatie en herverdeling van asielzoekers op de Griekse eilanden, niet kan steunen.De VVD zet zich in voor een duurzame oplossing voor de erbarmelijke omstandigheden op de Griekse eilanden, onder andere door middel van financiële en operationele ondersteuning. Volledige evacuatie en herverdeling als ad-hocmaatregel draagt wat de VVD-delegatie betreft niet bij aan het op de lange termijn verbeteren van de situatie.
2020/11/13
Towards a more sustainable single market for business and consumers (A9-0209/2020 - David Cormand)

Vandaag heeft het Europees Parlement gestemd over het verslag “Naar een duurzamer eengemaakte markt voor het bedrijfsleven en consumenten”. De VVD vindt het belangrijk dat we werk maken van een duurzamere interne markt en een circulaire economie. Het verslag geeft goede aanbevelingen op het gebied van duurzame criteria bij openbare aanbestedingen, het versterken van de rol van het EU-milieukeurmerk en het beter afstemmen van de duur van wettelijke garanties op de levensduur van productcategorieën. De VVD-delegatie kan een aantal voorstellen, zoals de verplichte etikettering en voortijdige afschrijving van producten, echter niet steunen. Daarom heeft de delegatie zich onthouden van stemming bij de eindstemming.
2020/11/25
A New Industrial Strategy for Europe (A9-0197/2020 - Carlo Calenda)

Nederland is een klein en open handelsland. De open economie van Europa brengt ons grote welvaart en is daarom van groot belang. Hoewel het belangrijk is om niet naïef te zijn over de agressieve economische politiek van landen zoals China, moet Europa fundamenteel een open en vrije markt blijven, die gebaseerd is op wederkerigheid. Dit rapport introduceert een interpretatie van de term “strategische autonomie”, die neigt naar protectionisme. Bovendien wordt opgeroepen tot directe Europese belastingen en andere onwenselijke Europese wet- en regelgeving. Daarom hebben we tegen deze resolutie gestemd.
2020/11/25
Stocktaking of European elections (A9-0211/2020 - Pascal Durand)

De leden van de VVD-delegatie delen het standpunt dat de Europese Unie aan democratische legitimiteit kan winnen, maar denken anders over de aanpak. Voorstellen als die over transnationale lijsten en spitzenkandidaten kunnen de afstand van de EU tot de burger vergroten, terwijl de VVD vindt dat we die afstand juist moeten gaan verkleinen. Het organiseren van verkiezingen, inclusief beslissingen over bijvoorbeeld kiesgerechtigden, is daarnaast een nationale competentie en dient dit te blijven. Daarom heeft de VVD-delegatie dit rapport niet kunnen steunen.
2020/11/25
Situation of Fundamental Rights in the European Union - Annual Report for the years 2018-2019 (A9-0226/2020 - Clare Daly)

Het Europees Parlement heeft gestemd over een jaarverslag over grondrechten in de EU. Het verslag-Daly heeft betrekking op 2018-2019 en geeft, wat de VVD betreft, terecht een brede dwarsdoorsnede van de naleving van grondrechten in de EU. Dit is noodzakelijk om lessen te trekken voor de toekomst. Een aantal aangenomen tekstvoorstellen – met name op gebied van migratie – kunnen we echter niet steunen. Daarom heeft de VVD-delegatie zich onthouden van stemming op het eindverslag.
2020/11/26
Sustainable corporate governance (A9-0240/2020 - Pascal Durand)

De VVD-delegatie ziet de herziening van de richtlijn niet-financiële verslaggeving (RNFV) als een kans om transparantie over de impact van bedrijven op onze leefomgeving te vergroten en tegelijkertijd hun administratieve lasten te verlagen. Het initiatiefverslag gaat echter verder dan dat, bijvoorbeeld door belanghebbenden vergaande inspraakrechten in de bedrijfsvoering te geven en de verwijzing naar vrouwenquota in het voorstel. De voorgestelde maatregelen riskeren de administratieve druk voor bedrijven juist te vergroten, maar solide bewijs voor de effectiviteit van die maatregelen ontbreekt. De VVD kan het verslag daarom niet steunen.
2020/12/17
Monitoring the application of EU law 2017, 2018 and 2019 (A9-0270/2020 -Sabrina Pignedoli)

De VVD onderschrijft de conclusie van het verslag, namelijk dat de tenuitvoerlegging van Europees recht in de lidstaten kan worden verbeterd. Dit zal fragmentatie tegengaan en de rechtszekerheid en rechtsbescherming van burgers en bedrijven ten goede komen. Hoewel de VVD amendement 12 van de ID-Fractie inhoudelijk steunt, namelijk dat belastingzaken een nationale bevoegdheid zijn en moeten blijven, valt dit amendement buiten de reikwijdte van het verslag. De VVD heeft zich daarom op dit punt onthouden.
2021/01/20
Human Rights and Democracy in the World and the EU policy on the matter - annual report 2019 (A9-0259/2020 - Isabel Santos)

Vandaag heeft het Europees Parlement gestemd over het verslag Mensenrechten en democratie in de wereld, jaarverslag 2019. De VVD ondersteunt de overgrote meerderheid van de uitgangspunten in dit verslag. De VVD staat pal voor mensenrechten, democratische waarden en de vrijheden van media, geloof en geaardheid. Helaas zijn er echter ook een aantal onderdelen die de VVD niet kan steunen. Een uitbreiding van het Statuut van Rome met ‘ecocide’ vindt de VVD contraproductief omdat het de slagvaardigheid van het Internationaal Strafhof ondermijnt en omdat het benodigde draagvlak om dit te realiseren ontbreekt. Ook vindt de VVD de uitgangspunten over migratie in dit verslag onevenwichtig, omdat er bijvoorbeeld geen aandacht is voor terugkeer en opvang in de regio. Een ander aspect is dat de VVD de introductie van een nieuwe Europese aansprakelijkheidsplicht voor vennootschappen niet steunt, omdat dit primair een nationale competentie is en de gevolgen voor de concurrentiepositie voor Europese bedrijven onvoldoende duidelijk zijn. De VVD-delegatie heeft zich vandaag daarom onthouden bij de stemming over dit verslag.
2021/01/20
The right to disconnect (A9-0246/2020 - Alex Agius Saliba)

Door technologische ontwikkeling en verdergaande digitalisering zijn we steeds makkelijker bereikbaar, en daar komt nu het vele vanuit huis werken nog bij. Dit brengt stress en extra druk met zich mee en maakt de scheidslijn tussen werk en privé vager. De VVD vindt het daarom van belang dat er goede afspraken worden gemaakt tussen werkgever en werknemer over werktijden en bereikbaarheid. Dat betekent ook dat een werknemer de telefoon moet kunnen wegleggen, of uitschakelen, na werktijd. Maar dit kan voor ieder bedrijf of elke werksituatie anders zijn. Hiervoor bestaat in de ogen van de VVD geen Europese blauwdruk. In het verslag waarover vandaag is gestemd, wordt primair nieuwe, extra Europese wetgeving gevraagd. De VVD is van mening dat bestaande Europese wet- en regelgeving voldoende houvast biedt voor regels rondom een goede balans tussen werk en privéleven. Daarnaast moet er wat de VVD betreft op lidstaatniveau ruimte blijven voor afspraken tussen werkgevers en werknemers over hoe om te gaan met de balans tussen werk en privéleven. Daarom heeft de VVD vandaag tegen dit verslag gestemd. Niet vanwege het belang van het onderwerp, maar vanwege de oproep tot extra Europese wet- en regelgeving.
2021/01/21
Reforming the EU list of tax havens (B9-0052/2021)

Het Europees Parlement heeft vandaag gestemd over een resolutie over de herziening van de EU-lijst van belastingparadijzen. De VVD-delegatie steunt de oproep in de resolutie om belastingparadijzen aan te pakken, alsmede de wens tot meer transparantie in de totstandkoming van de EU-lijst van belastingparadijzen. De VVD kan belangrijke onderdelen van de resolutie niet steunen, zoals het opgeven van unanimiteit bij besluitvorming over belastingdossiers en het automatisch aanmerken van een lidstaat als belastingparadijs indien de landspecifieke aanbevelingen op belastinggebied onvoldoende worden opgevolgd. Daarnaast moet de discussie over een minimumniveau aan belastingen in OESO-verband worden gevoerd, zonder dat de Europese Unie op deze uitkomst vooruitloopt. De VVD-delegatie heeft zich vandaag daarom onthouden van stemming.
2021/01/21
A WTO-compatible EU carbon border adjustment mechanism (A9-0019/2021 - Yannick Jadot)

De VVD is voor een Europese CO2-grensheffing om oneerlijke concurrentie op mondiaal niveau te voorkomen. Een betrouwbare en transparante wijze om CO2 te berekenen is hierbij van belang. De opbrengsten van deze heffing kunnen echter niet gebruikt worden als Europese belastinginkomsten. Daarom heeft VVD zich onthouden van stemming bij de eindstemming over het initiatiefverslag van het Europees Parlement over een mechanisme voor koolstofcorrectie aan de grens.
2021/03/10
Corporate due diligence and corporate accountability (A9-0018/2021 - Lara Wolters)

De VVD vindt dat bedrijven een maatschappelijke verantwoordelijkheid hebben. Europese afspraken over ketenverantwoordelijkheid kunnen hierbij een goed middel zijn om eerlijke handel te stimuleren zonder de concurrentiepositie van bedrijven te schaden. Om de effectiviteit van een dergelijk instrument te kunnen garanderen, is het belangrijk dat de regels proportioneel en voldoende duidelijk zijn. In dit verslag is hier te weinig sprake van, onder andere waar het gaat om een zorgplicht voor niet alleen de toevoerketen, maar de gehele waardeketen, inclusief horizontale relaties. De VVD heeft zich daarom van stemming onthouden bij de stemming over dit verslag, maar ziet de aangekondigde wetsvoorstellen van de Europese Commissie met belangstelling tegemoet.
2021/03/10
Children's Rights (B9-0164/2021)

Het Europees Parlement heeft door middel van een resolutie haar mening gegeven over de “EU-strategie voor de rechten van het kind”. Deze strategie moet het kader vormen voor wat de EU doet om de rechten van het kind te bevorderen en beschermen. Als het gaat om rechten van kwetsbare kinderen en de bestrijding van geweld, vraagt het Europees Parlement in de ogen van de VVD terecht aandacht voor onder andere de aanpak van kindhuwelijken en de helaas nog steeds bestaande vreselijke praktijk – ook binnen de EU – van genitale verminking van jonge meisjes. Het Europees Parlement roept de lidstaten echter ook op om voor kinderen die zich op dit moment in bijvoorbeeld IS-kampen bevinden de terugkeer naar landen van herkomst te faciliteren. Daarom heeft de VVD-delegatie zich onthouden van stemming.
2021/03/11
New EU-Africa Strategy (A9-0017/2021 - Chrysoula Zacharopoulou)

Stemverklaring over de strategie tussen de EU en Afrika. De VVD onderschrijft het belang van een versterkte samenwerking tussen de Europese Unie en het Afrikaanse continent. In dit verslag wordt terecht de aandacht gevestigd op gezamenlijke uitdagingen op belangrijke gebieden, zoals handel, klimaatverandering en veiligheid. Het creëren van nieuwe eigen middelen om een verhoging van de begroting voor ontwikkelingssamenwerking te bekostigen, is echter iets waar de VVD niet achter kan staan. Ook wordt in het verslag een voorschot genomen op de inhoud van het wetsvoorstel voor Europese ketenverantwoordelijkheid, iets waar de VVD niet op vooruit wil lopen. Ten slotte deelt de VVD-delegatie het standpunt niet dat een EU-reddingsmissie op zee in de context van migratie civiel dient te zijn. De regie moet bij de autoriteiten liggen. De VVD-delegatie heeft zich om bovenstaande redenen onthouden van stemming bij dit verslag.
2021/03/25
Accelerating progress and tackling inequalities towards ending AIDS as a public health threat by 2030 (B9-0263/2021)

De VVD steunt de strijd tegen hiv/aids en pleit voor een gecoördineerde, mondiale EU-strategie om deze vreselijke ziekte wereldwijd terug te dringen. Daarom heeft de VVD met volle overtuiging voor deze resolutie van het Europees Parlement gestemd, waarin de strijd tegen hiv/aids centraal staat.De VVD heeft niettemin tegen een amendement gestemd waarin wordt opgeroepen tot de tijdelijke opheffing van de octrooirechten voor coronavaccins.Deze specifieke oproep valt buiten de reikwijdte van dit verslag. De VVD heeft hier dan ook tegen gestemd, omdat de partij van oordeel is dat eerst moet worden gekeken naar de verhoging van productiecapaciteit, de verzekering van de levering van de juiste grondstoffen en het verkrijgen van de nodige knowhow en technologieën om vaccins te produceren.
2021/05/19
EU Biodiversity Strategy for 2030: Bringing nature back into our lives (A9-0179/2021 - César Luena)

. – De VVD is voor een ambitieuze aanpak voor biodiversiteitsherstel en steunt de biodiversiteitstrategie van de Europese Commissie in grote lijnen. De positie van het Parlement gaat echter te ver in het voorschrijven van middelen en laat weinig ruimte over voor subsidiariteit. Voor biodiversiteitsherstel is een gebiedsgerichte aanpak en ruimte voor lokale implementatie cruciaal. Bindende restauratiedoelen stellen op lidstaatniveau, eenzijdig inzetten op biologische landbouw en het beperken van bodemroerende visserij helpen hier niet bij. Daarom heeft de VVD onthouden op deze eindstemming.
2021/06/08
Meeting the Global Covid-19 challenge: effects of waiver of the WTO TRIPS agreement on Covid-19 vaccines, treatment, equipment and increasing production and manufacturing capacity in developing countries (RC-B9-0306/2021, B9-0306/2021, B9-0307/2021, B9-0308/2021, B9-0309/2021, B9-0310/2021, B9-0311/2021)

. – Er moet zo snel mogelijk een einde komen aan de coronacrisis. Daar hoort een strategie bij die ervoor zorgt dat iedereen zo snel mogelijk gevaccineerd kan worden. Hoewel de VVD zich kan vinden in een aantal voorstellen in deze resolutie, zoals het delen van kennis en technologietransfers op vrijwillige basis alsook het aanpakken van drempels in de import en export van kostbare grondstoffen, heeft de VVD tegen deze resolutie gestemd. Volgens de VVD leidt een TRIPS-waiver op de korte termijn niet tot meer productie van vaccins als de specifieke kennis, vaardigheid en specialisme niet aanwezig zijn. Bescherming van intellectueel eigendom is juist een voorwaarde voor onderzoek en innovatie die nodig zijn voor het ontwikkelen van vaccins en andere medicijnen. Ook als we in de toekomst nieuwe vaccins nodig hebben om nieuwe varianten van het Covid-19 virus tegen te gaan. Het is daarom belangrijk dat we ons richten op het verhogen van productiecapaciteit en het beschikbaar stellen van de nodige grondstoffen zodat er daadwerkelijk voldoende vaccins beschikbaar zijn voor iedereen.
2021/06/09
Trade related aspects and implications of COVID-19 (A9-0190/2021 - Kathleen Van Brempt)

De coronacrisis heeft het belang van handelssamenwerking verder onderstreept. Handel kan ervoor zorgen dat de juiste middelen voor zoveel mogelijk mensen beschikbaar zijn. Daartegenover staat dat de geopolitieke context tijdens de coronacrisis is veranderd en de EU ook assertiever moet worden.Hoewel de VVD zich kan vinden in een aantal voorstellen in dit rapport, zoals het aanpakken van de tekorten van kostbare grondstoffen en het creëren van nieuwe handelsinstrumenten, heeft de VVD tegen dit rapport gestemd.Volgens de VVD leidt een TRIPS-waiver op de korte termijn niet tot meer productie van vaccins als de specifieke kennis, vaardigheid en specialisme niet aanwezig zijn. Bescherming van intellectueel eigendom is juist een voorwaarde voor onderzoek en innovatie die nodig zijn voor het ontwikkelen van vaccins en andere medicijnen.Daarnaast kan de VVD zich niet vinden in een aantal andere voorstellen die handelssamenwerking kunnen belemmeren, zoals het stellen van te strenge eisen aan het sluiten en ratificeren van handelsverdragen.
2021/07/06
Breaches of EU law and of the rights of LGBTIQ citizens in Hungary as a result of the adopted legal changes in the Hungarian Parliament (B9-0412/2021, B9-0413/2021)

. – On 15 June 2021, the Hungarian Parliament voted in favour of amendments proposed by Fidesz MPs that severely restrict freedom of speech and children’s rights. The Law prohibits the ‘portrayal and promotion of gender identity different from sex assigned at birth, the change of sex and homosexuality’ in schools, in television programmes and in publicly available advertisements on any platforms for persons aged under 18, even for educational purposes; the Law disqualifies such content from being considered as a public service announcement or social responsibility advertisement even if intended for adults; the Law introduces amendments to the Child Protection Act, the Family Protection Act, the Act on Business Advertising Activity, the Media Act and the Public Education Act.I consider this Law to be in breach of EU law and of the rights of LGBTIQ citizens in Hungary, in particular the freedom to provide services and freedom of movement of goods as set out in the Treaty on the Functioning of the European Union, the Audiovisual Media Services Directive and E-commerce Directive in conjunction with the Charter of Fundamental Rights. Therefore I voted in favour of the resolution ‘Breaches of EU law and of the rights of LGBTIQ citizens in Hungary as a result of the legal changes adopted in the Hungarian Parliament’.
2021/07/08
Objection pursuant to Rule 111(3): Technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives (B9-0476/2021, B9-0477/2021)

De VVD erkent de waarde van taxonomy als instrument om duurzame investeringen te bevorderen. De VVD is echter ook van mening dat de taxonomy, zoals voorgesteld, niet volledig is. Kernenergie verdient er een plek. Kernenergie is de enige CO2-vrije energiebron die betrouwbaar dag en nacht, in elk seizoen, en overal ter wereld, energie kan leveren. De Commissie komt over een aantal maanden met een nieuwe gedelegeerde handeling. De VVD is van mening dat kernenergie daar als duurzaam aangemerkt moet worden. Instemmen met de huidige moties zou er toe leiden dat de implementatie van de gehele taxonomy vertraagd wordt. Dit is onwenselijk, want daarmee worden duurzame investeringen belemmerd, investeringen die juist ook kansen bieden voor Nederland. Daarom stemt de VVD tegen deze moties, en zet vol in op het opnemen van kernenergie in de volgende gedelegeerde handeling.
2021/10/05
Reforming the EU policy on harmful tax practices (including the reform of the Code of Conduct Group) (A9-0245/2021 - Aurore Lalucq)

De VVD is van mening dat schadelijke belastingpraktijken moeten worden aangepakt, omdat daarmee het gelijk speelveld wordt gehandhaafd en economische concurrentie wordt bevorderd. De VVD is dan ook van mening dat de hierop betrekking hebbende wet- en regelgeving actueel moet blijven. Echter, de VVD hecht grote waarde aan de nationale bevoegdheid die geldt voor belastingaangelegenheden en is van mening dat bindende instrumenten hiermee in strijd kunnen zijn. De voorgestelde hervorming van de Code of Conduct tornt daarmee aan het principe van nationale competentie. De VVD onthoudt zich daarom van stemming over het verslag.
2021/10/07
Farm to Fork Strategy (A9-0271/2021 - Anja Hazekamp, Herbert Dorfmann)

De “van boer tot bord”-strategie omvat ambitieuze doelen om de voedselproductie van Europa te verduurzamen. De VVD ondersteunt de ambities van de strategie in grote lijnen, maar vindt het niet aanvaardbaar dat de doelen van de strategie vastgesteld zijn zonder te kijken naar de haalbaarheid ervan en de impact op de productie, economie en het milieu. Hoewel het verslag van het parlement goede kanttekeningen plaatst, roept het nog steeds op om de doelen bindend te maken. Daarnaast wordt ook opgeroepen om de ratificatie van de handelsovereenkomst tussen de EU en Mercosur voortijdig uit te sluiten. Daarom heeft de VVD zich van stemming onthouden bij de eindstemming over dit verslag.
2021/10/19
Cooperation on the fight against organised crime in the Western Balkans (A9-0298/2021 - Lukas Mandl)

De VVD verwelkomt het verslag dat de georganiseerde misdaad en corruptie met betrekking tot de Westelijke Balkanlanden aan de kaak stelt. Het is belangrijk dat de georganiseerde misdaad en corruptie beter worden bestreden met concrete voorstellen, waaronder door internationale en regionale samenwerking verder te stimuleren, door ondersteuning vanuit de EU aan te bieden en door noodzakelijke hervormingen aan te bevelen. Echter, in het verslag staat ook dat Kosovo heeft voldaan aan alle benodigde eisen om voor visumliberalisatie in aanmerking te komen. Hier verschilt de VVD van mening, aangezien Kosovo nog niet de vereiste vooruitgang op het gebied van de rechtsstaat heeft aangetoond. Desondanks heeft de VVD-fractie besloten het verslag te steunen omdat het grootste gedeelte te onderschrijven is.
2021/12/15
Objection pursuant to Rule 111(3): Acceptance period of vaccination certificates issued in the EU Digital COVID Certificate format indicating the completion of the primary vaccination series (B9-0092/2022)

Net als velen wil de VVD zo snel als mogelijk af van het digitale COVID-reiscertificaat. De introductie van het COVID-reiscertificaat maakte reizen binnen de EU weer mogelijk en hielp om toerisme weer veilig doorgang te laten vinden. Nu we in een andere fase van de pandemie lijken te zijn beland, zal de VVD de komende tijd echter kritisch blijven kijken naar de functionaliteit, proportionaliteit en toekomstige noodzaak van EU-COVID-reiscertificaten. De afweging of het certificaat nog nodig is en welke voorwaarden daaraan worden gesteld, wordt gemaakt op basis van informatie en advies van het EMA en ECDC. Het bezwaar waar we vandaag over hebben gestemd, gaat daartegen in. Ook valt niet uit te sluiten dat we deze infrastructuur ook weer nodig hebben bij een mogelijke opleving van het virus en nieuwe ziekmakende varianten. Vandaar dat de VVD-delegatie tegen het bezwaar heeft gestemd.
2022/02/15
Implementation report on on-farm animal welfare (A9-0296/2021 - Jérémy Decerle)

De VVD-delegatie steunt dit initiatiefverslag en stemt tegen het amendement waarin wordt gepleit voor een verbod op het doden van mannelijke kuikens. Hoewel er ook in Nederland naar gestreefd wordt om op termijn te stoppen met het doden van eendagskuikens, is een verbod op dit moment nog voorbarig. Ontwikkelingen in de techniek om eieren te seksen en verdienmodellen voor het houden van hanen zullen bijdragen aan een versnelde uitfasering.
2022/02/15
Russian aggression against Ukraine (B9-0123/2022)

Het Europees Parlement heeft gisteren een resolutie aangenomen over de invasie van Rusland in Oekraïne. De VVD staat achter de stevige sancties die in deze resolutie zijn opgenomen om Poetin en de Russische oligarchen hard aan te pakken, Oekraïne meer te steunen en Rusland verder te isoleren op het wereldtoneel.In punt 34 wordt gesteld dat de EU-instellingen naar de toekenning van de status van kandidaat-lidstaat aan Oekraïne toe zullen werken, op basis van verdienste en zonder een gestelde termijn. In principe staat het elk Europees land vrij om een toetredingsverzoek in te dienen, dat vervolgens aan strenge voorwaarden wordt getoetst. Voorts is het aan de lidstaten om elke stap van dit proces unaniem goed te keuren. De toekenning van de status van kandidaat-lidstaat aan Oekraïne is op dit moment dan ook niet aan de orde. Het gaat namelijk om een langdurig en moeilijk proces dat vaak vele jaren kan duren.De VVD vindt dat we Oekraïne in de huidige situatie niet met deze discussie helpen en meent dat we het land beter concrete steun kunnen bieden die we meteen kunnen waarmaken.
2022/03/01
Parliament’s estimates of revenue and expenditure for the financial year 2023 (A9-0087/2022 - Niclas Herbst)

Het Europees Parlement stelt voor om zijn begroting voor 2023 met 6,24 % te verhogen ter financiering van de hogere energierekening, het indexeren van salarissen en investeringen in cyberbeveiliging. Hoewel de VVD ingenomen is met de investeringen in cyberbeveiliging en de voorgestelde bezuinigingen op begrotingsposten elders, vindt de VVD de voorgestelde verhoging van 130 miljoen euro buitenproportioneel, ook gelet op de alsmaar stijgende kosten waar burgers mee worden geconfronteerd. De VVD heeft zich daarom onthouden bij de stemming over dit verslag.
2022/04/07
Conclusions of the European Council meeting of 24-25 March 2022: including the latest developments of the war against Ukraine and the EU sanctions against Russia and their implementation (RC-B9-0197/2022, B9-0197/2022, B9-0200/2022, B9-0201/2022, B9-0203/2022, B9-0210/2022, B9-0211/2022)

De VVD steunt het nieuwe pakket aan EU-sancties volledig. Maar er kan, en moet, nog meer worden gedaan. Daarom heeft de VVD-fractie voor de oproep tot het instellen van extra sancties gestemd. Ook moet de handhaving van de sancties beter. President Poetin en zijn regime moeten niet aan de consequenties kunnen ontsnappen.Ook moet de EU haar afhankelijkheid van Russisch gas zo snel mogelijk afbouwen. Liever vandaag dan morgen. Hier is de VVD het volledig mee eens. Maar dit moet wel doordacht gebeuren en met oog voor alle mogelijke gevolgen. Daarom heeft de VVD zich onthouden bij een directe boycot, maar steunt de VVD wel een embargo zo snel als mogelijk.
2022/04/07
Promoting regional stability and security in the broader Middle East region (A9-0256/2022 - Manu Pineda)

Vandaag heeft het Europees Parlement gestemd over het verslag over de bevordering van de regionale stabiliteit en veiligheid in de grotere regio van het Midden-Oosten. De VVD-delegatie onderschrijft het belang van stabiliteit en veiligheid aan de buitengrenzen van de Europese Unie. In het verslag staan enkele goede suggesties die erop gericht zijn om, door middel van samenwerking en goed nabuurschap met de EU, deze landen vooruit te helpen. Echter, de VVD heeft zich onthouden bij de eindstemming vanwege een oproep in de tekst om onmiddellijk alle IS-bruiden met een EU-nationaliteit te repatriëren. De VVD-delegatie heeft ernstige bezwaren bij deze uitspraak, mede vanwege de grote veiligheidsrisico’s die gepaard zouden gaan met een dergelijke repatriëring.
2022/11/23
An EU strategy to boost industrial competitiveness, trade and quality jobs (B9-0085/2023, B9-0086/2023, B9-0087/2023, B9-0088/2023, B9-0089/2023, B9-0090/2023, B9-0091/2023, B9-0104/2023, B9-0105/2023, RC-B9-0107/2023, B9-0107/2023, B9-0108/2023, B9-0110/2023, B9-0111/2023, B9-0115/2023)

De VVD heeft voor deze resolutie gestemd omdat wij vinden dat de Amerikaanse Inflation Reduction Act (IRA) een Europese reactie nodig heeft. Onze industrie moet kunnen rekenen op een competitief bedrijfsklimaat. De resolutie bevat goede elementen, zoals het sluiten van handelsverdragen, het versnellen van vergunningstrajecten en het verlagen van de administratieve lasten. De VVD is echter tegen de introductie van nieuwe financiële middelen voor de EU en is van mening dat een mogelijk Europees soevereiniteitsfonds uit bestaande middelen gefinancierd dient te worden. Op dit onderdeel van de resolutie heeft de VVD dan ook tegen gestemd.
2023/02/16
Strengthening the application of the principle of equal pay for equal work or work of equal value between men and women (A9-0056/2022 - Kira Marie Peter-Hansen, Samira Rafaela)

Vandaag heeft het Europees Parlement gestemd over de richtlijn inzake loontransparantie. De loonkloof in de Europese Unie is momenteel 13 % en is daarmee veel te hoog. De VVD vindt ook dat gelijk loon voor gelijk werk voor iedereen moet gelden in de samenleving. In de richtlijn staan enkele goede maatregelen om deze loonkloof te dichten, zoals verduidelijking van criteria en dat die criteria genderneutraal moeten zijn. De VVD heeft zich echter onthouden van stemming omdat het mkb wordt meegenomen in deze richtlijn, wat leidt tot buitenproportionele administratieve druk voor deze bedrijven.
2023/03/30
Social Climate Fund (A9-0157/2022 - David Casa, Esther de Lange)

Vandaag heeft het Europees Parlement gestemd over een nieuw Sociaal Klimaatfonds. De VVD vindt het belangrijk om de klimaattransitie voor burgers en bedrijven behapbaar te maken, maar stemt tegen (weer) een nieuw Europees fonds. Extra problematisch in het fonds is het uitkeren van directe inkomenssteun met Europees geld. Daarentegen heeft de VVD wel met succes ingezet op het beperken van het aandeel directe inkomsenssteun, en ingezet op strengere voorwaarden waaraan projecten die gefinancierd worden door dit fonds moeten voldoen. De VVD concludeert dat de EU zich met dit fonds inmengt in sociaal beleid, wat een nationale aangelegenheid is en moet blijven.
2023/04/18
Parliament's estimates of revenue and expenditure for the financial year 2024 (A9-0153/2023 - Nils Ušakovs)

De VVD steunt de algemene richtlijnen voor de Europese begroting voor volgend jaar, zoals de voortdurende steun aan Oekraïne. Daarnaast zijn wij voorstander van Europese financiering voor grensinfrastructuur, wat uiteindelijk ook is opgenomen in het rapport. Maar de VVD is tegen een herziening van het meerjarig financieel kader (MFK) en het verhogen van de Europese uitgaven. Daar waar nieuwe politieke ideeën ter tafel komen, moet er voor de financiering daarvan eerst worden gekeken naar de bestaande middelen en reservepotjes.
2023/04/20
Regulation of prostitution in the EU: its cross-border implications and impact on gender equality and women’s rights (A9-0240/2023 - Maria Noichl)

Mensenhandel doet grove afbreuk aan de waardigheid van mensen. De VVD vindt dan ook dat daar hard tegen moet worden opgetreden. In het verslag wordt sekswerk echter gelijkgesteld met mensenhandel en wordt bovendien gedoeld op een verbod op sekswerk in heel de EU. Wat de VVD betreft, moet het voor lidstaten mogelijk blijven zelf regels te hanteren wat betreft het wel of niet toestaan van sekswerk binnen de eigen grenzen. Dit is uiteindelijk geen competentie van de EU. Daarom heeft de VVD tegen dit verslag gestemd.
2023/09/14
Interim report on the proposal for a mid-term revision of the Multiannual Financial Framework 2021-2027 (A9-0273/2023 - Jan Olbrycht, Margarida Marques)

De VVD is groot voorstander van de financiële steun aan Oekraïne, en steunt ook de investeringen die nodig zijn om grip te krijgen op migratie en om onze strategische autonomie te versterken. Wij zijn echter van mening dat een tussentijdse verhoging van de Europese meerjarenbegroting met 76 miljard te gortig is en dat de rekening op deze manier veel te gemakkelijk bij de burger wordt neergelegd. Wij willen liever dat bestaande middelen als cohesiefondsen voor deze doelen worden aangewend en hebben daarom tegen dit tussentijdse verslag gestemd.
2023/10/03
European Media Freedom Act (A9-0264/2023 - Sabine Verheyen)

VVD Europa vindt het van groot belang dat mediaorganisaties worden beschermd, in bijzonder tegen illegitieme spyware en surveillance door overheden. In dit verslag is er een uitzondering voor het gebruik van zulke indringende maatregelen in geval van een misdaad, maar niet op basis van de nationale veiligheid. Dit zou bijvoorbeeld betekenen dat een verdachte in het kader van nationale veiligheid die incidenteel contact heeft met een journalist, automatisch een beschermde status krijgt. Dit zou een maas in de wet vormen die uitgebuit kan worden en daarom hebben wij niet ingestemd met enkele onderdelen van dit verslag.
2023/10/03
Fisheries control (A9-0016/2021 - Clara Aguilera)

De VVD heeft tegen het akkoord voor de visserijcontroleverordening gestemd omdat deze alsnog een verplichting tot cameratoezicht op vissersschepen bevat. Deze maatregel is bedoeld om de aanlandplicht beter te kunnen handhaven. Behalve dat de VVD al haar twijfels heeft over de effectiviteit van de aanlandplicht, is de eis tot cameratoezicht een vergaande en onacceptabele inbreuk op de privacy van vissers, voor wie het schip vaak een tweede thuis is.
2023/10/17
Draft general budget of the European Union for the financial year 2024 - all sections

De VVD-delegatie heeft tegen dit verslag gestemd omdat wij tegen een verhoging van de Europese begroting voor volgend jaar zijn. Wat ons betreft wordt er gezocht naar mogelijkheden binnen de bestaande Europese uitgaven om nieuwe prioriteiten te financieren. Daarnaast bevat dit verslag enkele passages over financiële steun aan de Palestijnse gebieden. De VVD steunt de humanitaire hulp aan de Palestijnse bevolking, dit blijft urgent en noodzakelijk. Om te voorkomen dat financiële steun bij Hamas of andere terroristische groeperingen terechtkomt, verwelkomen wij het onderzoek dat de Europese Commissie daartoe heeft aangekondigd.
2023/10/18
General budget of the European Union for the financial year 2024 - all sections (A9-0288/2023 - Siegfried Mureşan, Nils Ušakovs)

. – De VVD-delegatie heeft tegen dit verslag gestemd omdat wij tegen een verhoging van de Europese begroting voor volgend jaar zijn. Wat ons betreft wordt er gezocht naar mogelijkheden binnen de bestaande Europese uitgaven om nieuwe prioriteiten te financieren. Daarnaast bevat dit verslag enkele passages over financiële steun aan de Palestijnse gebieden. De VVD steunt de humanitaire hulp aan de Palestijnse bevolking, dit blijft urgent en noodzakelijk. Om te voorkomen dat financiële steun bij Hamas of andere terroristische groeperingen terechtkomt, verwelkomen wij het onderzoek dat de Europese Commissie daartoe heeft aangekondigd.
2023/10/18
System of own resources of the European Union (A9-0295/2023 - José Manuel Fernandes, Valérie Hayer)

De VVD-delegatie is terughoudend met betrekking tot de invoering van nieuwe eigen middelen. Om de terugbetalingen in het kader van het coronaherstelfonds te financieren, achten wij eigen middelen op basis van het ETS en CBAM acceptabel. Echter, wij zijn tegen indirecte vormen van winstbelasting door de Europese Unie: dit recht behoort toe aan de lidstaten. De VVD heeft zich daarom onthouden van stemming over dit verslag.
2023/11/09
EU framework for the social and professional situation of artists and workers in the cultural and creative sectors (A9-0304/2023 - Antonius Manders, Domènec Ruiz Devesa)

De VVD hecht veel waarde aan de kunst en cultuursector in Nederland en in Europa. We onderschrijven dan ook het doel van dit voorstel om mensen werkzaam in die sectoren te ondersteunen. Tegelijkertijd is de VVD van mening dat arbeidsrechtelijke zaken tot de nationale bevoegdheid behoren. We zijn daarom tegen de oproep voor Europese wetgeving.
2023/11/21
Reducing inequalities and promoting social inclusion in times of crisis for children and their families (A9-0360/2023 - Sandra Pereira)

De VVD vindt de bescherming van kinderen een belangrijke waarde en ondersteunt veel zaken in deze resolutie. Wat de VVD betreft is de financiële steun voor kinderen echter een nationaal en niet een Europees vraagstuk. Ook is de VVD geen voorstander van een nieuwe Europese autoriteit. Daarom hebben we ons op de resolutie onthouden.
2023/11/21

Written questions (35)

Measures against misbehaviour by air passengers
2019/07/17
Documents: PDF(38 KB) DOC(18 KB)
Low river-water levels in the Netherlands
2019/07/24
Documents: PDF(39 KB) DOC(18 KB)
An integrated EU approach towards China, including trade, competition and procurement
2019/09/04
Documents: PDF(42 KB) DOC(19 KB)
Combating smart-tachograph fraud
2019/09/11
Documents: PDF(40 KB) DOC(18 KB)
Intensify actions to prevent irregular immigration from Albania
2019/09/12
Documents: PDF(43 KB) DOC(20 KB)
Possible elimination of competition to provide international rail services due to merger between Thalys and Eurostar
2019/09/27
Documents: PDF(40 KB) DOC(20 KB)
Concerns about the Working Time Directive and volunteers in the emergency services
2019/09/27
Documents: PDF(40 KB) DOC(20 KB)
European Union ban on using apps behind the wheel
2019/10/01
Documents: PDF(42 KB) DOC(10 KB)
Standstill air-conditioning in European trucks
2019/10/31
Documents: PDF(38 KB) DOC(9 KB)
Proliferation of court cases in the Netherlands due to the failure to review air passenger rights
2019/10/31
Documents: PDF(40 KB) DOC(10 KB)
High speed train connection between Amsterdam and Berlin via the Dutch province of Gelderland
2019/11/04
Documents: PDF(40 KB) DOC(9 KB)
Unruly air passengers must now really be dealt with
2019/11/06
Documents: PDF(41 KB) DOC(10 KB)
Alleged 'LGBTI-free zones' in Poland
2020/03/04
Documents: PDF(48 KB) DOC(10 KB)
The need for coordinated EU action to implement the IMO framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic
2020/05/27
Documents: PDF(43 KB) DOC(10 KB)
Double blow to inland navigation: COVID-19 and low water levels owing to prolonged drought
2020/06/16
Documents: PDF(41 KB) DOC(10 KB)
Cross-border access to bank accounts
2020/07/02
Documents: PDF(41 KB) DOC(10 KB)
Need for stronger enforcement of passengers’ rights in the EU
2020/07/09
Documents: PDF(47 KB) DOC(10 KB)
The use of deferred tax assets (DTAs) and deferred tax credits (DTCs) in the financial sector
2020/08/17
Documents: PDF(40 KB) DOC(10 KB)
Mass arrest of LGBTI activists in Poland
2020/09/01
Documents: PDF(58 KB) DOC(11 KB)
The revision of Regulation (EC) No 1008/2008 on common rules for the operation of air services in the Community
2020/09/10
Documents: PDF(43 KB) DOC(10 KB)
Sudden withdrawal by British banks of the accounts of customers in the EU
2020/09/25
Documents: PDF(41 KB) DOC(10 KB)
Level playing field in jeopardy because of the aviation agreement with Qatar
2020/09/28
Documents: PDF(40 KB) DOC(9 KB)
IBAN discrimination against EU consumers
2020/10/19
Documents: PDF(41 KB) DOC(10 KB)
Commission lifeline needed for waterlogged European shipbuilding sector!
2020/10/23
Documents: PDF(40 KB) DOC(10 KB)
Recently proposed bills in Hungary infringing on the rights of LGBTI persons
2020/11/26
Documents: PDF(53 KB) DOC(11 KB)
Suspension of bonus payments by companies receiving emergency state aid
2021/05/11
Documents: PDF(40 KB) DOC(10 KB)
Maximum authorised weight for cross-border road transport and Directive 2015/719
2021/06/01
Documents: PDF(38 KB) DOC(9 KB)
Clarification on the scope of the Measuring Instruments Directive for electric vehicle charging infrastructure
2021/11/24
Documents: PDF(42 KB) DOC(9 KB)
The Recovery and Resilience Facility and the Foreign Subsidies Instrument
2021/12/01
Documents: PDF(44 KB) DOC(10 KB)
Dutch ship Happy Dover still in detention, while crew is released
2021/12/14
Documents: PDF(53 KB) DOC(10 KB)
Cost of withdrawing cash in the European Union
2022/04/12
Documents: PDF(37 KB) DOC(9 KB)
Manipulation of automatic identification systems (AIS) to circumvent embargoes and sanctions
2022/09/28
Documents: PDF(38 KB) DOC(10 KB)
Italian plans to spend RRF funds on football stadiums
2023/03/31
Documents: PDF(44 KB) DOC(10 KB)
Give car drivers control over their own data!
2023/04/03
Documents: PDF(38 KB) DOC(9 KB)
Security concerns around Chinese electric vehicles
2023/09/26
Documents: PDF(43 KB) DOC(11 KB)

Amendments (2402)

Amendment 222 #

2023/2078(INI)

Motion for a resolution
Paragraph 25
25. Notes that effective risk reduction is key for EDIS and recognises it as a precondition for the establishment of risk- sharing mechanisms such as EDIS; highlights in this regard that proper regulatory treatment of sovereign exposure is required; emphasises that capital requirements must reflect the actual risk borne by banks in the market; highlights that the CMDI review provides co-legislators with an opportunity to resume negotiations on EDIS;
2023/10/27
Committee: ECON
Amendment 41 #

2023/2077(INI)

Motion for a resolution
Paragraph 3
3. Stresses that additional public and private investment will be needed to face new challenges; underlines that a European Sovereignty Fund financed by additional fresh money will address the fragmentation of the internal market, support the EU’s industrial strategy, reduce our critical dependencies and ensure our open strategic autonomy;
2023/11/07
Committee: ECON
Amendment 30 #

2023/2064(INI)

Motion for a resolution
Recital D
D. whereas the ECB is politically independent, which means that neither EU institutions and agencies nor Member State governments should seek to influence it; stresses that this independence must remain untouched at all times; emphasises that this independence requires the ECB to refrain from taking political decisions;
2023/10/06
Committee: ECON
Amendment 47 #

2023/2064(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the role of the ECB in safeguarding euroRecalls that the ECB is the institution responsible for maintaining price stability; underlines that the statutory independence of the ECB, as laid down in the Treaties, is a prerequisite for it to fulfil its mandate of maintaining price stability;
2023/10/06
Committee: ECON
Amendment 95 #

2023/2064(INI)

Motion for a resolution
Paragraph 7
7. Highlights that not only do persistent high levels of inflation, the ongoing war in Ukraine and high levels of debt in the Member States threaten the competitiveness of the European economy, and thus the international role of the euro as well, but also the upward price pressure following the implementation of the European Green Deal, the rise of fragmentation and protectionism in global trade, and an impending subsidy race between states;
2023/10/06
Committee: ECON
Amendment 105 #

2023/2064(INI)

Motion for a resolution
Paragraph 8
8. Echoes President Lagarde’s warning that fiscal support should be targeted and limited and should not hinder the task of monetary policy; recalls that the Economic and Monetary Union requires solid fiscal policies in Member States in order to be able to respond to external shocks; points out that governments, as well as the Commission, can support citizens and industries not only through fiscal measures, but also by focusing on growth-enhancing reforms;
2023/10/06
Committee: ECON
Amendment 128 #

2023/2064(INI)

Motion for a resolution
Paragraph 11
11. Expresses its uneasiness with the persistently high rate of core inflation; understands that wage growth is expected to remain more than double its historical average, driven by inflation compensation and the tight labour market; warns of a wage-price spiral when inflation expectations and therefore wages are increasing extensively; encourages the ECB, furthermore, to look into and report on the inflationary effect of the green transition;
2023/10/06
Committee: ECON
Amendment 134 #

2023/2064(INI)

Motion for a resolution
Paragraph 12
12. Points out that inflation already began rising above target levels in 2021, thus before Russia’s unprovoked aggression in Ukraine; deploregrets, however, that the ECB only started to tackle inflation in June 2022, even though the COVID-19 crisis proved that it is able to act in a timely manner; notes that other central banks acted more promptly;
2023/10/06
Committee: ECON
Amendment 136 #

2023/2064(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Underlines the pivotal role of small and medium-sized enterprises (SMEs) in the EU's economy and economic and social convergence and employment; is especially concerned about the effect that the COVID-19 pandemic and the Russian war of aggression in Ukraine have on SMEs;
2023/10/06
Committee: ECON
Amendment 139 #

2023/2064(INI)

Motion for a resolution
Paragraph 13
13. Fully supports President Lagarde’s statement on fighting inflation for as long as necessaryStresses that further measures must be taken to respond to the rising inflation; applauds President Lagarde’s plea for humility and to regularly update the ECB’s models; invites the ECB, however, to fundamentally review its models and their role in its policymaking;
2023/10/06
Committee: ECON
Amendment 149 #

2023/2064(INI)

Motion for a resolution
Paragraph 14
14. TrustNotes that the ECB will deliver on its mandate to safeguard price stability; notes that real interest rates are still negativereal interest rates are still negative; reminds that price stability is far from being reached;
2023/10/06
Committee: ECON
Amendment 163 #

2023/2064(INI)

Motion for a resolution
Paragraph 16
16. Supports the ECB’s decision to scale back its asset-purchasing programmes, in view of the excess liquidity in the market; noteregrets the ECB’s announcement to decarbonise its corporate bond holdings by ‘tilting’ its portfolio, which violates the principle of market neutrality; stresses the importance of the quality of the collateral;
2023/10/06
Committee: ECON
Amendment 203 #

2023/2064(INI)

Motion for a resolution
Paragraph 19
19. Takes note of the ECB’s progress on the digital euro project and welcomes its dialogue with Parliament in this regard; reiterates that a digital euro must respect competition in the banking landscape, must not endanger the existence or use of cashinsists that the digital Euro must not replace cash as means of payment and must respect the privacy of citizens and businesses;
2023/10/06
Committee: ECON
Amendment 237 #

2023/2064(INI)

Motion for a resolution
Paragraph 25
25. Invites the ECB to engage in a dialogue with national parliaments, while strictly respecting its political independence; believes that this would strengthen the legitimacy and policies of the ECB;
2023/10/06
Committee: ECON
Amendment 46 #

2023/2063(INI)

Motion for a resolution
Recital F
F. whereas EU funding hwas proven to be an essential tool to provide macroeconomic stabilisation at EU level and increase its internal and external resilience in times of crisis while supporting Member States in financing necessary investments in EU priorities to tackle current and future challengesonly reimbursed after the economy had already recovered considerably and has therefore played only a limited role in the actual economic recovery;
2023/12/14
Committee: ECON
Amendment 70 #

2023/2063(INI)

Motion for a resolution
Paragraph 2
2. Recognises the efforts of the European Central Bank (ECB) to bring the inflation rate down in the euro area; considers rises in interest rates to only partially address the reasons for the hikes encourages the ECB to do whatever it takes to bring inflation anddown to its target level; considers that adequate and coordinated fiscal, structural and regulatory policies and reforms complementing the ECB’s monetary policy actions are needed;
2023/12/14
Committee: ECON
Amendment 106 #

2023/2063(INI)

Motion for a resolution
Paragraph 4
4. Recalls that the European Semester is the established framework for coordinating the budgetary, and economic, social and employment policies across the Union in accordance with the Treaties, including the European Pillar of Social Rights, thereby safeguarding its macroeconomic stability and its social cohesion;
2023/12/14
Committee: ECON
Amendment 119 #

2023/2063(INI)

Motion for a resolution
Paragraph 5
5. Is concerned about the deterioration of the socialreform dimension of the European Semester resulting from the self-limilimited implementation of country-specific recommendations (CSRs) to the implementation of national recovery and resilience plans (RRPs) and about the declining number of social CSRs based on the Social Scoreboard; calls on the Commission to link the CSRs more closely to the respective country reports;
2023/12/14
Committee: ECON
Amendment 122 #

2023/2063(INI)

6. Shares the view that the 2024 CSRs need to be focused on a limited set of economic challenges; underlines that CSRs must equally serve to enhance competitiveness, promote the green and digital transitions and ensure social fairness; stresses that CSRs need to take account of social vulnerabilities and a smooth functioning of the macro economy;
2023/12/14
Committee: ECON
Amendment 134 #

2023/2063(INI)

Motion for a resolution
Paragraph 7
7. Is concerned that the performance-based financing and verification system of the RRF delivers in practice too little in terms of results and creates too much bureaucracy; calls for more flexibility to adjust milestones and targets to take account of lessons learned during the implementation processStresses the importance of meeting the agreed upon milestones and targets before any subsequent reimbursement can take place;
2023/12/14
Committee: ECON
Amendment 146 #

2023/2063(INI)

Motion for a resolution
Paragraph 8
8. Supports streamlining EU cohesion policy programmes with investment needs identified under the RRF and in CSRs; recalls that cohesion policy serves a broader set of objectives than the RRF; calls for a comparable incorporation of stakeholder participation in the drafting and implementation of national RRPs as it is for cohesion policy programmes;deleted
2023/12/14
Committee: ECON
Amendment 158 #

2023/2063(INI)

Motion for a resolution
Paragraph 9
9. Considers it necessary to reform the EU fiscal rules and welcomes the proposals put forward by the Commission in order to ensure sufficient debt reduction and compliance with the EU Treaty, which prohibits excessive levels of debt and deficit;
2023/12/14
Committee: ECON
Amendment 174 #

2023/2063(INI)

Motion for a resolution
Paragraph 10
10. Underlines that the reform must lead to a simplification of the framework, be more country-specific and strengthen its enforceability, and enablein order to ensure debt sustainability while still enabling Member States to meet the public investment needs for the green and digital transitions of their economies without undermining the sustainability of government debt;
2023/12/14
Committee: ECON
Amendment 183 #

2023/2063(INI)

Motion for a resolution
Paragraph 11
11. WelcomNotes that lessons have been learned from the design choices of the RRF in linking national fiscal, reform and investment commitments with EU financial incentives such as grants and loans; greatly regrets that, unlike the RRF, theencourages Member States to thoroughly reform of their economic governance framework lacks the incentive mechanisms to support and promote necessary national policy reforms and investments; is concerned that some Member States will not have the financial capacity to finance the just green and digital transition on their ownes along the lines of their country specific recommendations;
2023/12/14
Committee: ECON
Amendment 190 #

2023/2063(INI)

Motion for a resolution
Paragraph 12
12. DeplorStresses that the interplay between macroeconomic imbalances and fiscal rules is not sufficiently addressed by the reform proposals; underlines that the financial stability of the EU depends on the macroeconomic balance between Member States’ economies and that restoring such a balance may require public spendingflexibility that may be provided under the new economic governance framework should not lead to backloading of either reforms or debt reduction efforts;
2023/12/14
Committee: ECON
Amendment 200 #

2023/2063(INI)

Motion for a resolution
Paragraph 13
13. Acknowledges the need to avoid enduring excessive deficits and calls for common rules based on objective criteria as a way to achieve this goal; stresses that, in return, those rules should not precludethat allow for temporary deviations from the net expenditure path due to dedicated, justifiable and strategically significant investments realising EU objectivshould be used only in exceptional cases;
2023/12/14
Committee: ECON
Amendment 206 #

2023/2063(INI)

Motion for a resolution
Paragraph 14
14. Acknowledges the differences between individual Member States regarding the sustainability of their debt and that their capacity to reduce debt while still being able to invest; emphasises therefore the need to allow Member States to have different debt reduction pathsshould be fully utilized;
2023/12/14
Committee: ECON
Amendment 222 #

2023/2063(INI)

15. WelcomeRegrets the fact that the Commission negotiates with the Member States individual fiscal-structural plans; underlpoinets that such an increasethe danger of political horse- trading in dthisc retionary power for the Commission must be accompanied by increased accountability togard; encourages the Commission to strictly enforce the plans that Member States put forwards the European Parliamentmselves;
2023/12/14
Committee: ECON
Amendment 24 #

2023/2060(INI)

Motion for a resolution
Recital F
F. whereas the EU is witnessing rapid development in battery technology in terms of both production volumes and development expenditure; whereas, nevertheless, the European Court of Auditors found major shortcomings in European industrial policy on batteries1a, which endangers the goals of climate neutrality and creating a competitive battery industry in the EU; _________________ 1a https://www.eca.europa.eu/ECAPublicatio ns/SR-2023-15/SR-2023-15_EN.pdf
2023/10/03
Committee: TRAN
Amendment 26 #

2023/2060(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas investments by the Member States in the electricity supply of stationary aircraft will be needed in the upcoming years in order to comply with the targets set out in Regulation (EU) 2023/1804 of the European Parliament and of the Council of 13 September 2023 on the deployment of alternative fuels infrastructure, which could form a stepping stone towards the future deployment of charging infrastructure for electric aircraft;
2023/10/03
Committee: TRAN
Amendment 27 #

2023/2060(INI)

Motion for a resolution
Recital F b (new)
Fb. whereas green & digital skills in technical education and expertise such as aviation technology & engineering, science, and mathematics, is vital for the sustainable development of aviation, and creates attractive jobs for young people;
2023/10/03
Committee: TRAN
Amendment 80 #

2023/2060(INI)

Motion for a resolution
Paragraph 13
13. Stresses that, after shifting to alternative propulsion systems, existing large airports could consume 5-10 times more electricity by 2050 than they do today13 ; stresses that, to meet the expected energy demand, the first elements of on- airport infrastructure must be in place by 2025; therefore, calls on the Commission and the Member States to assess the current state and future development of the electric and hydrogen market for aviation including a feasibility study on the deployment of the relevant infrastructure to power aircraft, followed by a deployment plan for alternative fuels infrastructure in airports, in particular for electric recharging and hydrogen refuelling points, and calls for the necessary investment to be secured; _________________ 13 Target True Zero: Delivering the Infrastructure for Battery and Hydrogen- Powered Flight, World Economic Forum, April 2023, pp. 10-15.
2023/10/03
Committee: TRAN
Amendment 98 #

2023/2060(INI)

Motion for a resolution
Paragraph 17
17. Recalls that the aeronautics industry is not only an important enabler of economic activity but also one of the most successful high-tech sectors in the EU; asks the Commission for proactive policies to support and develop the industry in close cooperation with existing forums such as the Advisory Council for Aviation Research and Innovation (ACARE) and the European Alliance for Zero Emission Aviation (AZEA); calls on the Commission to ensure that the existing EU regulations in the field do not counteract each other or prevent the aeronautics industry from developing its decarbonisation and electrification projects;
2023/10/03
Committee: TRAN
Amendment 115 #

2023/2060(INI)

Motion for a resolution
Paragraph 19 a (new)
19a. Calls on the Commission to ensure consistency between the development of electric transport and mobility, the required infrastructure, and EU policy aiming to increase European battery production capacity, including the necessary supply of the needed raw and advanced materials for battery production; therefore, calls on the Commission to revise the Strategic Action Plan on Batteries which links the aforementioned aspects and specifically includes the introduction of quantified and time-bound targets for EU battery production;
2023/10/03
Committee: TRAN
Amendment 24 #

2023/2059(INI)

Motion for a resolution
Recital A
A. whereas our ports are the European Union’s gateways to the world and as such play a crucial role in our economy, wealth and jobs, both by facilitating trade and in the energy transition; whereas ports as energy hubs play a vital role in facilitating the production of sustainable energy and contributing to security of energy supply, notably in times of crisis;
2023/10/14
Committee: TRAN
Amendment 104 #

2023/2059(INI)

Motion for a resolution
Paragraph 4
4. Stresses that limiting foreign investments in an individual port in one Member State can negatively affect the competitive position of that port compared to neighbouring ports that do not have these limitations, which underlines the need for a joint European strategy, which should focus on all EU critical infrastructures;
2023/10/14
Committee: TRAN
Amendment 126 #

2023/2059(INI)

Motion for a resolution
Paragraph 8
8. Underlines that, in particular, the aggregated Chinese presence of Chinese state- owned enterprises, and possibly other non-EU state-owned enterprises, in the core network ports and nodes of the Trans- European Transport Network (TEN-T) carries important implications for the resilience of individual nodes and the network as a whole;
2023/10/14
Committee: TRAN
Amendment 133 #

2023/2059(INI)

Motion for a resolution
Paragraph 9
9. Encourages the Commission and the Member States to carry out a risk assessment of China’s involvement, and possibly other non-EU state-owned enterprises, in maritime infrastructures that includes its impact on labour and the environment, dependencies, an assessment of bottlenecks in the shipping of goods from China into the EU and transhipment;
2023/10/14
Committee: TRAN
Amendment 174 #

2023/2059(INI)

Motion for a resolution
Paragraph 15
15. UnderlinDeplores that EU ports are key entry points for illicit drugs andmisused by criminal organisations for the trafficking of illicit products, in particular drugs, which as a consequence undermines the security of the port industry and its workers; calls on the Commission to present measures for effective European cooperation by public authorities and private actors to combat drug trafficking, extraction and criminal subversion;
2023/10/14
Committee: TRAN
Amendment 205 #

2023/2059(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Stresses that EU ports are vital in safeguarding Europe’s energy security and contribute to the EU's goal to become more strategically independent; stresses, in this regard, that ports play a central role in the energy transition by facilitating the production, import and supply of sustainable energy; recognises, furthermore the current importance of transitional technologies as alternatives to heavy fuel oil and natural gas, such as LNG and LNG infrastructure for a gradual transition towards zero-emission alternatives in ports and the maritime sector, in parallel to finding and financing long-term zero-emission alternatives;
2023/10/14
Committee: TRAN
Amendment 219 #

2023/2059(INI)

Motion for a resolution
Paragraph 18
18. Underlines that an energy transition in ports, in the shipbuilding industry as well as the maritime sector will not be possible without a skilled workforce;
2023/10/14
Committee: TRAN
Amendment 231 #

2023/2059(INI)

Motion for a resolution
Paragraph 19
19. Stresses that strengthening the economic position of EU ports and improving their competitiveness in a global economy is crucial for limiting foreign influence and security risks; stresses that in order to maintain EU ports' strong position in the world possible carbon leakage effects to ports outside the EU as a result of EU law should be avoided and, if confirmed, should be addressed;
2023/10/14
Committee: TRAN
Amendment 30 #

2023/0266(COD)

Proposal for a regulation
Recital 6
(6) Laying down harmonised rules for accounting greenhouse gas emissions of freight and passenger transport services is therefore appropriate to attain comparable figures for greenhouse gas emissions of transport services and to avoid misleading information on their performance resulting from the possibility to choose between various emissions calculation methods and input data. Such rules should ensure a level playing field between EU transport entities and transport entities from third countries, between transport modes, segments, and the Union’s national networks. It should also help create incentives to behavioural change among businesses and customers to reduce greenhouse emissions from transport services through the uptake and use of comparable and reliable greenhouse emissions data.
2024/01/18
Committee: ENVITRAN
Amendment 52 #

2023/0266(COD)

Proposal for a regulation
Recital 10 a (new)
(10 a) This Regulation should be aligned with the European Sustainability Reporting Standards (ESRS), a key component of the Corporate Sustainability Reporting Directive (CSRD), in order to avoid inconsistencies in the reporting of greenhouse gas emissions of a transport service.
2024/01/18
Committee: ENVITRAN
Amendment 147 #

2023/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 21
(21) “primary data” means quantified value of a process or an activity obtained from a direct measurement or of a calculation based on direct measurements. Primary data can be further defined as “detailed primary data” or “aggregated primary data”;
2024/01/18
Committee: ENVITRAN
Amendment 150 #

2023/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 21 a (new)
(21 a) “detailed primary data” means primary data from individual vehicles or transport hub processes or individual transport services, measured on a frequent basis;
2024/01/18
Committee: ENVITRAN
Amendment 151 #

2023/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 21 b (new)
(21 b) “aggregated primary data” means primary data aggregated over a longer period of time or from multiple vehicles, transport hub processes, or transport services;
2024/01/18
Committee: ENVITRAN
Amendment 153 #

2023/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 22
(22) “secondary data” means either derived data, modelled data, or default values that do not fulfil the requirements for primary data, including data from databases and published literature, default greenhouse gas emission factors from national inventories, calculated data, estimates or other representative data and data obtained from proxy processes or estimates;
2024/01/18
Committee: ENVITRAN
Amendment 154 #

2023/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 22 a (new)
(22 a) “derived secondary data” means primary data from individual transport services combined with either aggregated primary data from comparable activities or combined processes with cooperating companies in a 'peer company' structure;
2024/01/18
Committee: ENVITRAN
Amendment 156 #

2023/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 23
(23) “default value” means secondary data value drawn from a published source, which is taken as default in case of lack of primary, derived secondary data or modelled data;
2024/01/18
Committee: ENVITRAN
Amendment 201 #

2023/0266(COD)

Proposal for a regulation
Article 6 – paragraph 1
1. The Commission with the assistance of the European Environmental Agency, shall establish a core EU database of default emission intensity values referred to in Article 5 (2), point (a)(i). The default emissions intensity values are in line with the greenhouse gas emission intensity coefficients as defined in ISO14083, specifically the ''great circle distance'' for the definition of distance calculation.
2024/01/18
Committee: ENVITRAN
Amendment 235 #

2023/0266(COD)

Proposal for a regulation
Article 7 – paragraph 4 a (new)
4 a. The technical quality check of databases and datasets of default values for greenhouse emission intensity consist at a minimum of a comparison between emissions as reported by using primary data, and emissions as they would be reported using the database or default values. Databases and default values which do not reflect the resulting emissions compared to primary data reporting are considered to be failing the technical quality check. The preferred type of database (“peer-referenced transport performance database”) is based on regular primary data collected in a peer-group with sectoral and geographical differentiation, translated to emission intensity factors that can be used by SMEs. The technical quality check should be done on a regular basis but at least [twice] a year.
2024/01/18
Committee: ENVITRAN
Amendment 282 #

2023/0266(COD)

Proposal for a regulation
Article 10 – paragraph 3
3. Where detailed primary data or aggregated primary data are used in the meaning of Article 5(1), concerned entities shall be entitled to communicate this fact to any third party if the use of detailed primary data or aggregated primary data was verified in accordance with Articles 12 and 13.
2024/01/18
Committee: ENVITRAN
Amendment 23 #

2023/0264(BUD)

Draft opinion
Paragraph 3
3. Calls for the 2024 budget to include targeted spending in areas that are key for the Union’s strategic autonomy such as energy, defence, military mobility, education and the labour market;
2023/07/24
Committee: ECON
Amendment 48 #

2023/0264(BUD)

Draft opinion
Paragraph 8 a (new)
8a. Calls for new political priorities to be financed within the agreed budgetary ceilings in order to prevent an ever increasing financial burden on citizens, many of whom are going through financially difficult times; emphasises in this regard that budget cuts should not be considered taboo as a solution of last resort in order to protect the financial integrity of the EU;
2023/07/24
Committee: ECON
Amendment 56 #

2023/0264(BUD)

Draft opinion
Paragraph 8 b (new)
8b. Expresses its concern about the increasing financing costs of the RRF; stresses that the solution should be found within the currently available financial means in order to protect European citizens financially;
2023/07/24
Committee: ECON
Amendment 60 #

2023/0264(BUD)

Draft opinion
Paragraph 8 c (new)
8c. Considers that the RRF should remain a one-off instrument, given the lack of absorbing capacity in the Member States and increasing interest costs as a consequence of the normalisation of monetary policy;
2023/07/24
Committee: ECON
Amendment 63 #

2023/0264(BUD)

Draft opinion
Paragraph 8 d (new)
8d. Considers that the EU budget should remain adaptable in the face of shifting political priorities; calls therefore for structural and cohesion funds to be redirected towards the enhancement of European open strategic autonomy and its financial vehicles, such as STEP;
2023/07/24
Committee: ECON
Amendment 412 #

2023/0210(COD)

Proposal for a regulation
Article 59 – paragraph 3
3. Paragraph 1 shall not apply if the consumer has acted fraudulently or with gross negligence. or refuses to comply with the PSP’s investigation, providing relevant information on how the impersonation fraud happened.
2023/12/04
Committee: ECON
Amendment 463 #

2023/0210(COD)

Proposal for a regulation
Article 83 – paragraph 2 – subparagraph 1 – introductory part
Transaction monitoring mechanisms shall be based on the analysis of previous payment transactions and access to payment accounts online. Processing shall be limited toaddress at least the following data required for the purposes referred to in paragraph 1:
2023/12/04
Committee: ECON
Amendment 491 #

2023/0210(COD)

Proposal for a regulation
Article 83 – paragraph 6
6. The processing of personal data in accordance with paragraph 4 shall not lead to termination of the contractual relationship with the customer by the payment service provider or affect their future on-boarding by another payment service provider, unless a thorough fraud investigation conducted by the bank has taken place, showing the customer's participation in the fraudulent activity.
2023/12/04
Committee: ECON
Amendment 240 #

2023/0205(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point c
(c) pension rights in occupational pension schemes, in accordance with Directive 2009/138/EC and Directive (EU) 2016/2341 of the European Parliament and of the Council33 ; with the exception of data related to sickness and health cover of a member or beneficiary; _________________ 33 Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) (recast) (OJ L 354, 23.12.2016, p. 37).
2024/02/02
Committee: ECON
Amendment 294 #

2023/0205(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 1
(1) ‘consumer’ means a natural person who is acting for purposes other than his or her trade, business or profession, or a current ‘member’ or ‘beneficiary’ of the institution for occupational retirement provisions (IORP), as defined in Article 6 of the IORP II Directive’;
2024/02/02
Committee: ECON
Amendment 297 #

2023/0205(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 2
(2) ‘customer’ means a natural or a legal person who makes use of financial products and servicesperson living in the European Union or a legal person that is established in the European Union and who is a consumer or a micro, small or medium enterprise;
2024/02/02
Committee: ECON
Amendment 447 #

2023/0205(COD)

Proposal for a regulation
Article 9 – paragraph 1
1. Within 1836 months from the entry into force of this Regulation, data holders and data users shallcan become members of a financial data sharing scheme governing access to the customer data in compliance with Article 10.
2024/02/02
Committee: ECON
Amendment 22 #

2023/0171(COD)

Proposal for a directive
Recital 12
(12) The accompanying measures for cooperation and the reporting obligations of Member States have not been sufficient until now to allow a complete analysis whether polluters face effective, dissuasive and proportionate penalties and that adequate data is made available to the Commission to monitor the implementation of Directive 2005/35/EC. In order to ensure the effective and consistent enforcement of Directive 2005/35/EC, exchange of information and experien, experience and best practices should be facilitated through enhanced cooperation, while at the same time ensuring that adequate data are made available to the Commission in order to allow the proper monitoring of the implementation of Directive 2005/35/EC.
2023/09/25
Committee: TRAN
Amendment 25 #

2023/0171(COD)

Proposal for a directive
Recital 13
(13) The existing satellite-based service ‘CleanSeaNet’ which notifies Member States authorities on potential illegal discharges, should be further enhanced to include information on the additional polluting substances under the scope of Directive 2005/35/EC. Information relating to potential or actual discharges reported by Member States in accordance with Directive 2005/35/EC and to other Union maritime safety databases, such as the Union Maritime Information and Exchange System established by Directive 2002/59/EC of the European Parliament and of the Council27 (‘SafeSeaNet’) and the Inspection Database set up by Directive 2009/16/EC of the European Parliament and of the Council28 (‘THETIS’) should be integrated and disseminated in a user- friendly electronic format to the national authorities involved in the enforcement chain in order to facilitate their timely response. Such information, when relating to an actual or potential discharge of Exhaust Gas Cleaning System residue from a ship, should further be automatically disseminated to the dedicated module of THETIS set up by under Commission Implementing Decision 2015/253 (‘THETIS-EU’), in order to facilitate and assist Member States with enforcement actions undertaken in accordance with the provisions of Directive (EU) 2016/802. In order to ensure the effective monitoring of the Directive’s implementation by all Member States, a verification rate of 150% per year of the alerts sent by CleanSeaNet should be ensured by each Member State within the first three years form the transposition of this Directive. Access to this information should be granted to the authorities of other Member States having an interest in it under their roles as port States of the next port of call, coastal States affected by the potential discharge or flag States of the ship in order to facilitate effective and timely cross-border cooperation, minimise the administrative burden of enforcement activities and ultimately effectively penalise offenders for infringements of Directive 2005/35/EC. _________________ 27 Directive 2002/59/EC of the European Parliament and of the Council of 27 June 2002 establishing a Community vessel traffic monitoring and information system and repealing Council Directive 93/75/EEC (OJ L 208, 5.8.2002, p. 10). 28 Directive 2009/16/EC of the European Parliament and of the Council of 23 April 2009 on port State control (recast) (OJ L 131, 28.5.2009, p. 57).
2023/09/25
Committee: TRAN
Amendment 27 #

2023/0171(COD)

Proposal for a directive
Recital 14
(14) The Sub-group on Waste from Ships, which was set up under the European Sustainable Shipping Forum, and which brought together a wide range of experts in the field of ship-source pollution and the management of waste from ships, was adjourned in December 2017 in view of the start of interinstitutional negotiations of Directive (EU) 2019/883. Since that temporary Sub-group provided valuable guidance and expertise to the Commission, a similar expert group should be created with a mandate of exchanging experience on the application of this Directive in order to assist Member States in building their capacity to prevent, detect and verify pollution incidents and ensure the effective enforcement of Directive 2005/35/EC.
2023/09/25
Committee: TRAN
Amendment 29 #

2023/0171(COD)

Proposal for a directive
Recital 15
(15) The European Maritime Safety Agency (‘EMSA’) established by Regulation (EU) xxxx/xxxx29 should provide the necessary support to the Commission and relevant Member State authorities to ensure the implementation of this Directive. _________________ 29 OJ L xxxx.
2023/09/25
Committee: TRAN
Amendment 30 #

2023/0171(COD)

Proposal for a directive
Recital 15 a (new)
(15a) Container loss reporting in Europe should improve data and knowledge on ocean container pollution to inform future international, European and national initiatives to reduce it.
2023/09/25
Committee: TRAN
Amendment 33 #

2023/0171(COD)

(17) In order to assist Member States with the development of their capacities regarding effective enforcement of Directive 2005/35/EC by the national administrative and judicial authorities, the Commission and the European Maritime Safety Agency should provide Member States with guidance and training relating to, inter alia, best methods and practices for detection, verification and evidence collection, as well as guidance on relevant regulatory developments of Marpol 73/78 and on technological developments available, including new digital tools, in order to facilitate effective, cost-efficient and targeted enforcement activities.
2023/09/25
Committee: TRAN
Amendment 54 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2
2005/35/EC
Article 1 – paragraph 1 a
1a. The present Directive also aims to introduce new reporting obligations on the loss of containers at sea in order to obtain reliable data and ultimately reduce ship-source pollution.
2023/09/25
Committee: TRAN
Amendment 62 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2005/35/EC
Article 2 – paragraph 3
3. ‘Exhaust Gas Cleaning System residue’ shall mean any material removed from the washwater or the bleed-off water by a treatment system or discharge water that does not meet the discharge criterion set out in relevant IMO guidelines, or other residue material removed from the exhaust gas cleaning system discharged overboard as a result of the operation of a compliance method for emissions reductions, as defined in Annex VI Regulation 4 to Marpol 73/78, used as an alternative in terms of emissions reductions to the standards set forth in Regulation 14 of Annex VI to Marpol 73/78, taking into account the guidelines developed by the IMO;
2023/09/25
Committee: TRAN
Amendment 64 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2005/35/EC
Article 2 – paragraph 3 – point a
(a) ‘discharge’ shall mean any release howsoever caused from a ship, as referred to in Article 2 of Marpol 73/78;deleted
2023/09/25
Committee: TRAN
Amendment 66 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2005/35/EC
Article 2 – paragraph 3 a (new)
3a. ‘discharge’ shall mean any release howsoever caused from a ship, as referred to in Article 2 of Marpol 73/78;
2023/09/25
Committee: TRAN
Amendment 83 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 13
Directive 2005/35/EC
Article 8 d – paragraph 1
1. In order to ensure that the penalties are effective, proportionate and dissuasive, Member States shall ensure that, when determining and applying the type and level of administrative penalty to a natural or legal person found by competent authorities to be responsible for an infringement within the meaning of Articles 4 and 5(2), the competent authorities take into account all relevant circumstances of the infringement, including:
2023/09/25
Committee: TRAN
Amendment 91 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 14
Directive 2005/35/EC
Article 10 – paragraph 1 – point d
(d) within three years from the date of transposition of this Directive, ensure that competent authorities verify at least 150% of the alerts sent by CleanSeaNet every year.
2023/09/25
Committee: TRAN
Amendment 96 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15
Directive 2005/35/EC
Article 10
The Commission and the European Maritime Safety Agency shall facilitate the development of capacities of Member States by providing, as appropriate, training to the authorities responsible for the detection, verification and enforcement of infringements under the scope of this Directive.
2023/09/25
Committee: TRAN
Amendment 100 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15
Directive 2005/35/EC
Article 10 c – paragraph 1
1. Based on information reported by Member States in accordance with Article 10a, the Commission shall make publicly available a regularly updated Union-wide overview on the implementation and enforcement of this Directive. The overview shall include the information listed in Annex II to this Directive. Information that identifies an individual ship shall only be made publicly available if legal proceedings are finalised.
2023/09/25
Committee: TRAN
Amendment 104 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15 a (new)
(15a) Article 10e Reporting of container loss 1. Member States shall require companies to report on a yearly basis on all the losses of containers which occurred when the vessel’s route was in European waters as defined in Article 3(1)(a), (b), (c), and (d). For each loss, the reporting should include the route of the vessel, as well as the cause and the location of the loss if they are known. 2. Member States shall compile the data reported by the companies in accordance to paragraph 1 in a report every year. They shall transmit this report to the European Commission and to EMSA.
2023/09/25
Committee: TRAN
Amendment 110 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 18
Directive 2005/35/EC
Article 12 a – paragraph 1 – point b a (new)
(ba) a Member State notification identifying an issue which has an impact on the environmental status of its marine waters connected to ship-source pollution and which cannot be tackled by measures adopted at national level, or which is linked to another EU policy or international agreement, and informing the Commission accordingly by providing a justification; and
2023/09/25
Committee: TRAN
Amendment 115 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 18
Directive 2005/35/EC
Article 12 a – paragraph 1 – point b b (new)
(bb) the latest scientific data;
2023/09/25
Committee: TRAN
Amendment 121 #

2023/0171(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 18
Directive 2005/35/EC
Article 12 a – paragraph 2
2. As part of the review, the Commission shall assess the possibility of modifying the scope of this Directive, if appropriate, in view of among other elements the international standards for the prevention of air pollution from ships subject to regulation by Marpol 73/78, notably sulphur oxide and nitrogen oxide emissions from ships, as well as in view of other standards regulating discharges from ships which have been made subject to regulation by Marpol 73/78, such as black carbon, marine litter, container loss, loss of p. Any modification of the scope shall take into consideration existing international and EU legislation and avoid overlapping with existing EU legislastic pellets and underwater noiseve provisions and enforcement mechanisms.
2023/09/25
Committee: TRAN
Amendment 431 #

2023/0167(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12 – point b
Directive 2014/65/EU
Article 24 – paragraph 1 a a (new)
1aa. Member States that have a full inducement ban in place for firms that provide investment advice to retail clients, do not pay or receive any fee or commission, or provide or are provided with any non-monetary benefit, in connection with the provision of such service, to or by any party except the client or a person on behalf of the client, are presumed to have complied with subparagraphs 1(b) and (c).
2023/11/09
Committee: ECON
Amendment 911 #

2023/0167(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 20
Directive (EU) 2016/97
Article 29 – paragraph 2 – subparagraph 5 a (new)
The requirements with respect to the annual statement must only be applicable to newly agreed-upon retail investment products after entry into force of RIS.
2023/11/09
Committee: ECON
Amendment 961 #

2023/0167(COD)

Proposal for a directive
Article 2 – paragraph 1 – point 21
Directive (EU) 2016/97
Article 29 a – paragraph 4 – subparagraph 3 a (new)
Where Member States prohibit the offer or acceptance of fees, commissions or non-monetary benefits from third parties in relation to the provision of insurance advice they are exempted from the requirements in article 25 and article 29b.
2023/11/09
Committee: ECON
Amendment 26 #

2023/0163(COD)

Proposal for a regulation
Recital 8
(8) The Agency was initially established with the objective of contributing to the establishment of a high level of maritime safety across the Union while also assisting the pollution prevention from ships and later also from oil and gas installations. While these objectives were further strengthened with the addition of promoting maritime security, the Agency’s focus, during recent years, on support to regulatory developments in the area of decarbonisation and digitalisation of shipping and port areas merit the addition of those areas in the overall objectives of the Agency enabling it to contribute to the goals of the twin, green and digital, transition of the industry. Likewise, the crucial role of the Agency in the provision of a maritime awareness picture in the sea, through satellite images and the operation of remotely piloted aircraft systems, justifies the addition of a relevant overall objective for the Agency.
2023/10/12
Committee: TRAN
Amendment 27 #

2023/0163(COD)

Proposal for a regulation
Recital 11 a (new)
(11a) The efficiency of the Agency should be ensured in case of urgency and force majeur situations, therefore any additional tasks, which could be completed in due time should be prioritised, upon the approval of the Management Board of the Agency.
2023/10/12
Committee: TRAN
Amendment 29 #

2023/0163(COD)

Proposal for a regulation
Recital 12
(12) The Agency is at the forefront of the technical expertise in the areas of its competence and thus it should provide training and capacity building activities to the Member States with the development of common core curricula courses and the use of the most technologically advanced tools in their delivery. In order to increase the attractiveness of all maritime related professions, including seafarers, the Agency should consider their lifelong learning needs and should build upon a network of all universities, institutes or any other establishments providing for suitable qualifications.
2023/10/12
Committee: TRAN
Amendment 30 #

2023/0163(COD)

Proposal for a regulation
Recital 17
(17) In this regard, while the Agency should continue assisting the Commission and the Member States in the implementation of Regulation (EU) 2015/757 of the European Parliament and of the Council25 it should further assist in the implementation of the new regulatory measures to decarbonise the shipping sector, as stemming from the Fit for 55 legislative package, such as the Regulation [..] on the use of renewable and low-carbon fuels in maritime transport and the shipping-related elements of Directive 2003/87/EC of the European Parliament and of the Council26 establishing a scheme for greenhouse gas emission allowance trading within the Community. The Agency should continue to be at the forefront of expertise at Union level to assist in the transition of the sector into renewable and low carbon fuels by conducting research and providing guidance on the uptake and deployment of sustainable alternative sources of power for ships and the related infrastructure in port areas, including onshore power supply to ships and in relation to the deployment of energy efficiency and wind propulsion assistance solutions. In order to monitor and pave the way for progress in the area of decarbonisation of the shipping sector and port areas, the Agency should report to the Commission and the Parliament on the greenhouse gas reduction efforts and any recommendations that might have every three yearyear. The Agency should also report on all the administrative and practical difficulties met by Member States in implementing the related legislative acts. _________________ 25 Regulation (EU) 2015/757 of the European Parliament and of the Council of 29 April 2015 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport, and amending Directive 2009/16/EC (OJ L 123, 19.5.2015, p. 55). 26 Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a system for greenhouse gas emission allowance trading within the Union and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32).
2023/10/12
Committee: TRAN
Amendment 33 #

2023/0163(COD)

Proposal for a regulation
Recital 18
(18) In the area of maritime security, the Agency should continue to provide technical assistance to the Commission inspections in the framework of Regulation 725/2004 of the European Parliament and of the Council27 on enhancing ship and port facility security. Given that the number of cybersecurity incidents in the maritime sector has gone up significantly in recent years, the Agency should assist Union efforts to prevent and enhance resilience against cybersecurity incidents in the maritime sector by facilitating the exchange of best practices and information on cyber security incidents between the Member States. _________________ 27 Regulation (EC) No 725/2004 of the European Parliament and of the Council of 31 March 2004 onenhancing ship and port facility security, OJ L 129 of 29.4.2004, p. 6
2023/10/12
Committee: TRAN
Amendment 34 #

2023/0163(COD)

Proposal for a regulation
Recital 20
(20) Digitalisation of data is part of technological progress in the area of data collection and communication with a view to helping to bring down costs, reducing administrative burden and making efficient use of human resources. The deployment and operation of Maritime Autonomous Surface Ships (MASS) and the digital and technological developments provide a wide range of new opportunities in terms of data collection and management of integrated systems. This creates opportunities for the potential digitalisation, automation and standardisation of several processes, which would allow for the facilitation of safety, security, sustainability and efficiency of maritime operations, including surveillance mechanisms, at Union level, reducing in parallel the administrative burden to the Member States. In this regard, the Agency should, among others, facilitate and promote the use of electronic certificates, the collection, recording and evaluation of technical data, the systematic exploitation of existing databases, including their cross- fertilisation through the use of innovative IT and artificial intelligence tools, and, where appropriate, the development of additional interoperable databases.
2023/10/12
Committee: TRAN
Amendment 35 #

2023/0163(COD)

Proposal for a regulation
Recital 22
(22) In the context of the IMO, the International Labour Organisation (ILO) and the Paris Memorandum of Understanding on Port State Control, signed at Paris on 26 January 1982 (‘Paris MoU’), the Commission and the Member States may need technical assistance and expertise. Therefore, the Agency, represented by the Executive Director, who is directly accountable to the Management Board of the Agency, shall take part in the related meetings. Likewise, the Commission may also need the technical assistance of the Agency in supporting third countries in the maritime domain, in particular with capacity building and pollution prevention and response means. The Management Board of the Agency should be tasked with adopting a strategy for international relations of the Agency concerning matters under its competence, as part of the single programming document.
2023/10/12
Committee: TRAN
Amendment 39 #

2023/0163(COD)

Proposal for a regulation
Article 2 – paragraph 2
2. Further objectives of the Agency shall be the promotion of digitalisation of the maritime sector by facilitating the electronic transmission of data supporting simplification, reduction of administrative burden and the provision of integrated maritime surveillance and awareness systems and services to the Commission and the Member States.
2023/10/12
Committee: TRAN
Amendment 43 #

2023/0163(COD)

Proposal for a regulation
Article 4 – paragraph 1
1. The Agency shall monitor progress on the safety of maritime transport in the Union, conduct risk analysis on the basis of the available data and develop safety risk assessment models to identify safety challenges and risks. Every three years it shall present to the Commission a report on progress on maritime safety with possible technical recommendations that could be addressed at the Union or the international level. In this regard, the Agency shall in particular analyse and propose relevant guidance or recommendations in relation to potential safety risks stemming from the uptake and deployment of sustainable alternative sources of power for ships, including onshore power supply to ships at berth or of any other future technologies on board of ships or in port areas.
2023/10/12
Committee: TRAN
Amendment 47 #

2023/0163(COD)

Proposal for a regulation
Article 4 – paragraph 4 – subparagraph 1
The Agency shall assist the Commission in the development and maintenance of the database provided for in Article 17 of Directive 2009/18/EC. On the basis of the data collected the Agency shall compile a yearly overview of marine casualties and incidents. The Agency shall, if requested by the concerned Member States and where no conflict of interest arises, provide operational and technical support to these Member States concerning safety investigations. The Agency shall also carry out an analysis of safety investigation reports with a view to identify added value at Union level in terms of any relevant lessons to be drawn.
2023/10/12
Committee: TRAN
Amendment 60 #

2023/0163(COD)

Proposal for a regulation
Article 6 – paragraph 2
2. The Agency shall provide technical assistance to the Commission and the Member States, upon their request, in relation to regulatory efforts to reduce greenhouse gas emissions from ships. In this regard, the Agency may utilize any operational tools or services pertinent to the task. The Agency shall in particular research, analyse and propose relevant guidance or recommendations in relation to the uptake and deployment of sustainable alternative fuels, energy and power systems for ships, including onshore power supply and wind propulsion assistance as well as in relation to energy efficiency measures ensuring the respect of the technology neutrality and enery efficiency first principles.
2023/10/12
Committee: TRAN
Amendment 62 #

2023/0163(COD)

Proposal for a regulation
Article 6 – paragraph 5
5. The Agency shall assist the Commission and the Member States in the implementation of Directive 20023/87/EC959, as relevant to the maritime sector. In particular, the Agency shall assist the Commission with the development of the appropriate IT implementation tools, monitoring tools, guidance and risk-based targeting tools to facilitate verification, enforcement and implementation activities related to Directive 20023/87/EC959, as relevant to the maritime sector, while exploiting the results of existing relevant tools, services and databases. This includes the monitoring of port evasion and shifts of transhipment hubs, as required by article 3gg(3) of Directive 2023/959.
2023/10/12
Committee: TRAN
Amendment 71 #

2023/0163(COD)

Proposal for a regulation
Article 9 – paragraph 3
3. The Agency shall provide technical assistancend operational assistance, as well as regular training and certification programmes to the Member States, upon their request and without prejudice to their rights and obligations as flag States, in the digitalization of their registries and their procedures facilitating the uptake of electronic certificates. and in the digitalisation of any other procedures, which may have a positive effect reducing administrative buden on flag, port or coastal State Authorities.
2023/10/12
Committee: TRAN
Amendment 73 #

2023/0163(COD)

Proposal for a regulation
Article 10 – paragraph 6
6. Where appropriate, and in any case when a cycle of visits or inspections is concluded, the Agency shall analyse reports from that cycle with a view to identifying horizontal findings and general conclusions on the effectiveness and cost- efficiency of the measures in place. The Agency shall present this analysis to the Commission for further discussion with Member States in order to draw any relevant lessons and facilitate the dissemination of good working practices, notably as regards the implementation of EU law.
2023/10/12
Committee: TRAN
Amendment 77 #

2023/0163(COD)

Proposal for a regulation
Article 23 – paragraph 4
4. The Executive Director shall be the legal representative of the Agency. Therefore, the Executive Director shall: a) provide for technical assistance and expertise to the Commission and the Member States in the context of the IMO, the International Labour Organisation (ILO) meetings; b) be accountable to the Management Board of the Agency, when taking politically sensitive decisions in the interest of the Union;
2023/10/12
Committee: TRAN
Amendment 25 #

2023/0155(COD)

Proposal for a regulation
Recital 8
(8) More flexibility in the scheduling of breaks for drivers engaged in occasional road passenger transport services should not prevent those drivers from taking breaks of the minimum duration necessary to enable them to rest properly. Therefore, it is appropriate to set a minimum duration for each break. Therefore, drivers engaged in occasional road passenger transport services should be allowed to split their obligatory break into three separate breaks of at least 15 minutes each, in addition to the other possibility of splitting a breaka minimum of one or a maximum of three breaks of at least 15 minutes each.
2023/09/26
Committee: TRAN
Amendment 28 #

2023/0155(COD)

Proposal for a regulation
Recital 9
(9) To ensure that greater flexibility in the scheduling of rest periods of drivers engaged in occasional road passenger transport services is not abused, it is essential to clearly delimit the scope of such flexibility and also to provide for appropriate checks. Drivers should therefore be able to postpone the start of their daily rest periods for a maximum period of 1 or 2 hours, in cases where the driving period for that day has not exceeded 5 or 76 hours respectively, and should postpone the start only when carrying out journeys of 86 days or longer. Such flexibility should be further limited to only one of each2 derogations during the period of the tour. It should be also possible to counter check such circumstances with a printout from the recording equipment or the duty roster, in addition to the tachograph records.
2023/09/26
Committee: TRAN
Amendment 45 #

2023/0155(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2
Regulation 2006/561/EC
Article 7 – paragraph 3 a (new)
For a driver engaged in an occasional passenger service the break referred to in the first paragraph may also be replaced by a minimum of one or a maximum of three breaks, of at least 15 minutes each, distributed overused during the driving period referred to in the first paragraph, in such a way as to comply with the first paragraph.;
2023/09/26
Committee: TRAN
Amendment 55 #

2023/0155(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3 – point a
Regulation 2006/561/EC
Article 8 – paragraph 2 a – subparagraph 1
2a. Provided that road safety is not thereby jeopardised, a driver engaged in an occasional passenger service with a duration of at least 86 days may derogate from paragraph 2, first subparagraph, in the following ways:
2023/09/26
Committee: TRAN
Amendment 89 #

2023/0155(COD)

Proposal for a regulation
Article 1 a (new)
Regulation (EC) 561/2006
Article 12 – paragraph 1
Article 1a (new) "Provided that road safety is not thereby jeopardised and to enable the vehicle to reach a suitable stopping place, the driver may depart from Articles 6 to 9 to the extent necessary to ensure passenger well- being and the safety of persons, of the vehicle or its load. The driver shall indicate the reason for such departure manually on the record sheet of the recording equipment or on a printout from the recording equipment or in the duty roster, at the latest on arrival at the suitable stopping place."
2023/09/26
Committee: TRAN
Amendment 204 #

2023/0138(COD)

Proposal for a regulation
Recital 11
(11) The presentation of the national medium-term fiscal-structural plan should be accompanied by an opinion of the independent fiscal institutions of the Member State and should be preceded by a technical dialogue with the Commission to ensure compliance with the provisions of this Regulation. On the basis of a recommendation from the Commission, accompanied by a report from the European Fiscal Board, the Council should set the net expenditure path and endorse the reform and investment commitments, including those taken for the possible extension of the adjustment period, as appropriate.
2023/10/26
Committee: ECON
Amendment 245 #

2023/0138(COD)

Proposal for a regulation
Recital 17
(17) When Member States use assumptions in their medium-term fiscal- structural plan that differ from the Commission’s standard medium-term debt projection framework, they should explain and duly justify the differences in a transparent manner and based on sound economic arguments. The independent fiscal institutions of the Member State should also opine on the justifications for deviating from the technical trajectory.
2023/10/26
Committee: ECON
Amendment 252 #

2023/0138(COD)

Proposal for a regulation
Recital 20
(20) The Commission’s assessment of the national medium-term fiscal-structural plans should examine in particular the plausibility of the macroeconomic and fiscal assumptions, to the extent that they depart from those underlying the technical trajectory. In particular, the debt projections at unchanged policy to be included in the plan should be consistent and comparable with the Commission projections. The opinions of the independent fiscal institutions and EFB should be duly taken into account. In case the EFB’s assessment is that the plan does not fulfil the criteria of this Regulation, the Council can only recommend the proposed net expenditure path with a 4/5th majority of Member States in favour, excluding the Member State in question.
2023/10/26
Committee: ECON
Amendment 269 #

2023/0138(COD)

Proposal for a regulation
Recital 25
(25) Where the verifiable and time- bound set of reform and investment commitments underpinning the more gradual net expenditure path is not met within the specified deadline, the Council, on a recommendation from the Commission, can recommend that adjustment be steepened, that is to say by shortening the extension of the net expenditure path. Both net expenditure significantly exceeding the net expenditure path and a significant cumulated debit balance should be considered as not in compliance with the net expenditure path. Such a measure should ensure that Member States undertake necessary consolidation even in times of economic growth.
2023/10/26
Committee: ECON
Amendment 277 #

2023/0138(COD)

Proposal for a regulation
Recital 27
(27) Independent fiscal institutions have proven their capacity to foster fiscal discipline and strengthen the credibility of Member States’ public finances. In order to enhance national ownership and the accountability of the national governments, the role of independent fiscal institutions, traditionally mandated to monitor compliance with the national framework, should be expanded to the economic governance framework of the Union.
2023/10/26
Committee: ECON
Amendment 289 #

2023/0138(COD)

Proposal for a regulation
Recital 31
(31) There should also be a country- specific escape clause to allow a deviation from the net expenditure path provided that it does not endanger fiscal sustainability in the medium term in the case of exceptional circumstances, such as unpredictable exogenous events that could not have been prevented and that require counter-cyclical fiscal measures, outside the control of the Member State which have a major impact on the public finances of the Member State. Such major impact should result in an overall size of the shock that exceeds a ‘normal’ range: for example costs of natural disasters should be factored in in budgetary planning within a certain range. Exceptional circumstances should be qualified as a significant negative GDP shock. The triggering and extension of general and country-specific escape clauses are subject to a Council recommendation and an EFB opinion. In case the EFB opinion on the country-specific escape clause is negative, the Council can only recommend a positive decision with a 4/5th majority of Member States in favour, excluding the Member State in question. The Council should specify a time limit and maximum size as measured through the control account for such a deviation.
2023/10/26
Committee: ECON
Amendment 423 #

2023/0138(COD)

Proposal for a regulation
Article 5 – paragraph 1
For each Member State having a public debt above the 60% of GDP reference value or a government deficit above the 3% of GDP reference value, the Commission shall put forward, in a report to the Economic and Financial Committee, a technical trajectory for net expenditure covering a minimum adjustment period of 43 years of the national medium-term fiscal- structural plan, and its possible extension by a maximum of 32 years pursuant to Article 13. The Commission shall make the report public. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2023/10/26
Committee: ECON
Amendment 441 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point a
(a) the public debt ratio is put or remains on a plausibly downward path towards 60% of GDP, or stays at prudent levels, i.e. below 60% of GDP;
2023/10/26
Committee: ECON
Amendment 461 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point c
(c) the fiscal adjustment effort is linear over the period of the national medium- term fiscal- structural plan isand at least proportional to the total effort over the entire adjustment period;. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2023/10/26
Committee: ECON
Amendment 475 #

2023/0138(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point d
(d) the public debt ratio at the end of the planning horizon is below the public debt ratio in the year before the start of the technical trajectory; and is reduced by at least 1% of GDP per year on average over the adjustment period until below 60% of GDP; for Member States with debt ratios above 60 % of GDP, the public debt ratio must decline by at least [x] percentage points per year of the national medium-term fiscal-structural plan for Member States with high debt challenge, and by at least [x] percentage points per year for Member States with medium debt challenge. The influence of the cycle on the pace of debt reduction shall be taken into account; (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2023/10/26
Committee: ECON
Amendment 519 #

2023/0138(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point a
(a) the underlying medium-term public debt projection framework and results; based on a specific methodology and results; it shall make all data, calculations and assumptions public that are necessary for a replication of the results;
2023/10/26
Committee: ECON
Amendment 539 #

2023/0138(COD)

Proposal for a regulation
Article 7 – paragraph 2
2. For Member States having a government deficit below the 3% of GDP reference value and public debt below the 60% of GDP reference value, the Commission shall provide technical information regarding the structural primary balance necessary to ensure that the headline deficit is maintained below the 3% of GDP reference value and the public debt ratio remains below the 60% of GDP reference value, both without any additional policy measures over a 10-year period after the end of the national medium-term fiscal-structural plan.
2023/10/26
Committee: ECON
Amendment 623 #

2023/0138(COD)

Proposal for a regulation
Article 11 – paragraph 2
2. Where the national-medium-term fiscal-structural plan includes a higher net expenditure trajectory than in the technical trajectory issued by the Commission pursuant to Article 5, the Member State shall provide in its plan sound and verifiable economic arguments explaining the difference. The explanation shall be accompanied by an assessment by the Independent Fiscal Institutions of the Member State of the economic arguments put forward by the Member State.
2023/10/26
Committee: ECON
Amendment 639 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point a a (new)
(a a) adhere to the requirements for the technical trajectory pursuant to Article 6 and Annex I;
2023/10/26
Committee: ECON
Amendment 653 #

2023/0138(COD)

Proposal for a regulation
Article 12 – paragraph 1 – point b
(b) explain how it will ensure the delivery of investment and reforms responding to the main challenges identified within the European Semester, in the country-specific recommendations, correct the identified macroeconomic imbalances under the Macroeconomic Imbalances Procedure if applicable, and address the common priorities of the Union referred to in Annex VI of this Regulation, including the European Green Deal, European Pillar of Social Rights and the Digital Decade while being consistent with the updated National Energy and Climate Plans and the National Digital Decade Roadmaps;
2023/10/26
Committee: ECON
Amendment 761 #

2023/0138(COD)

Proposal for a regulation
Article 13 – paragraph 5
5. The assessment of whether the set of reforms and investment commitments fulfil the criteria set out in paragraph 2 and of whether each of the reform and investment commitment fulfil the conditions set out in paragraph 3 shall be carried out in accordance with the assessment framework set out in Annex VII. The assessment should be accompanied by an independent evaluation of the respective national IFI and the EFB.
2023/10/26
Committee: ECON
Amendment 840 #

2023/0138(COD)

Proposal for a regulation
Article 15 – paragraph 2 – point e
(e) whether for the years that the Member State concerned is expected to have a deficit above the 3% of GDP reference value, and the excess is not close and temporary, the fiscal adjustment is consistent with the benchmark adjustment of at least 0.5% of GDP in the structural primary balance referred to under Article 3 of Council Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure as amended by Regulation [X]; and (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2023/10/26
Committee: ECON
Amendment 865 #

2023/0138(COD)

Proposal for a regulation
Article 15 – paragraph 2 – point f a (new)
(f a) whether the projected debt reduction ten years after the adjustment period is at least X% of the excess of public debt ratio over the 60% reference value, compared to the year before the start of the technical trajectory;
2023/10/26
Committee: ECON
Amendment 951 #

2023/0138(COD)

Proposal for a regulation
Article 22 – paragraph 1
Each national independent fiscal institution referred to in Article 8 of Council Directive […]32 [on the national budgetary frameworks] shall provide an assessment of compliance of the budgetary outturns data reported in the progress report referred to in Article 20 with the net expenditure path. Where applicable, each national independent fiscal institution shall also analyse the factors underlying a deviation from the net expenditure path. The assessment shall be made public and shall be submitted to the Member State and to the Commission. _________________ 32 Council Directive […] of […] [amending Council Directive 2011/85/EU on requirements for budgetary frameworks of the Member States] (OJ …., …, p,…)
2023/10/26
Committee: ECON
Amendment 982 #

2023/0138(COD)

Proposal for a regulation
Article 24 – paragraph 1
On a recommendation from the Commission, the Council may adopt a recommendation, accompanied by an opinion from the European Fiscal Board, allowing Member States to deviate from their net expenditure path, in the event of a severe economic downturn in the euro area or the Union as a whole, provided it does not endanger fiscal sustainability in the medium term. The Council shall specify a time-limit for such deviation.
2023/10/26
Committee: ECON
Amendment 1036 #

2023/0138(COD)

Proposal for a regulation
Article 30 – paragraph 2 a (new)
2 a. Where the Council decides against opening an excessive imbalance procedure under Article 7 (2) of Regulation (EU) No 1176/2011 in cases where the Commission considers that the Member State concerned is affected by excessive imbalances on the basis of the in-depth review referred to in Article 5 of that Regulation, it shall publicly explain its position.
2023/10/26
Committee: ECON
Amendment 1159 #

2023/0138(COD)

Proposal for a regulation
Annex IV – paragraph 3
The cumulated balance of the control account in a given period is the sum of the yearly debits and credits registered during that period. A Member State will be deemed not to be in compliance with its net expenditure path when: (a) net expenditure exceeds the net expenditure path by more than [xxx] % of GDP in one single year of the plan horizon;or, (b) the cumulated balance of the control account exceeds a debit of more than [xxx]% of GDP.
2023/10/26
Committee: ECON
Amendment 1163 #

2023/0138(COD)

Proposal for a regulation
Annex V – paragraph 1 – introductory part
The methodology for the assessment of plausibility pursuant to Article 8 is replicable, predictable and transparent and based on the following conditions:
2023/10/26
Committee: ECON
Amendment 87 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 1 – subparagraph 2
In addition, the excess over the reference value shall be considered temporary where budgetary forecasts as provided by the Commission, after gathering the opinion of the relevant national independent fiscal institution, indicate that the deficit will fall below the reference value following the end of the severe economic downturn or the exceptional circumstances referred to in the first subparagraph.
2023/10/25
Committee: ECON
Amendment 95 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
1a. When it exceeds the reference value, the ratio of the government debt to gross domestic product (GDP) shall be considered sufficiently diminishing and approaching the reference value at a satisfactory pace in accordance with Article 126(2), point (b), TFEU if the Member State concerned respects its net expenditure path. A Member State is considered not to respect its net expenditure path if a significant deviation in accordance with Article XX of Regulation (EU) [on the preventive arm] exists.
2023/10/25
Committee: ECON
Amendment 96 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 1a a (new)
1aa. The European Fiscal Board shall elaborate an annual report assessing Member States having a government deficit above the 3% of GDP reference value or public debt above the 60% of GDP reference value. In this report, the European Fiscal Board shall evaluate, in particular, whether the excessive deficit can be considered exceptional and temporary according to paragraph 1, whether a severe economic downturn referred to in paragraph 2 might exist, as well as, all the factors included in paragraph 3. The European Fiscal Board shall also include, in its annual report, an opinion on whether an excessive deficit procedure should be opened for a particular Member State. The report shall be submitted to the Commission and shall be made public.
2023/10/25
Committee: ECON
Amendment 107 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 1
The Commission, when preparing a report under Article 126(3) TFEU, shall take into account as a key relevant factor the degree of medium term debt challenges in the Member State concerned. In particular, wWhere the Member State faces substantial medium term public debt challenges according to the most recent Debt Sustainability Monitor, it shall be considered a key factor leading to the opening of an excessive deficit procedure as a rulAnalysis conducted under Article XX of Regulation (EU) [on the preventive arm], the opening of an excessive deficit procedure shall follow as a rule. Before preparing a report under Article 126(3) TFEU, the Commission takes into account the European Fiscal Board’s report on the assessment of an excessive deficit in the particular Member State.
2023/10/25
Committee: ECON
Amendment 119 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 2
The Commission shall also take into account all other relevant factors as indicated in Article 126(3) TFEU, in so far as they significantly affect the assessment of compliance with the deficit and debt criteria by the Member State concerned. The key relevant factor of substantial medium term public debt challenges shall take precedence over other relevant factors. Developments in the medium- term economic position should only be considered as relevant factor if the output gap is lower than -1,5% of potential output. Developments in the medium-term budgetary positions and the evolution of the government debt position and its financing should only be considered as relevant factor if the member state concerned does not face substantial medium term public debt challenges.
2023/10/25
Committee: ECON
Amendment 136 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 3 – point d
(d) the implementation of reforms and investments including, in particular policies to prevent and correct excessive macroeconomic imbalances and policies to implement the common growth and employment strategy of the Union including those supported by NextGenerationEU, and the overall quality of public finances, in particular the effectiveness of national budgetary frameworks.deleted
2023/10/25
Committee: ECON
Amendment 172 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EC) No. 1467/97
Article 2 – paragraph 5
5. Where Member States are allowed to deviate from their net expenditure path in the event of a severe economic downturn in the euro area or in the Union as a whole pursuant to Article 24 of Regulation (EU) [on the preventive arm], the Commission and the Council, in their assessment, may decide not to conclude on the existence of an excessive deficit for the period specified by the Council in accordance with Article 24 of Regulation (EU) [on the preventive arm].
2023/10/25
Committee: ECON
Amendment 247 #

2023/0137(CNS)

Proposal for a regulation
Article 1 – paragraph 1 – point 8
Regulation (EC) No 1467/97
Article 10 – paragraph 1a (new)
1a. In case an excessive deficit procedure has been opened, the European Fiscal Board shall elaborate an annual report assessing the implementation of action taken, as well as, the potential existence of a severe economic downturn in accordance with Article 24 of Regulation (EU) [on the preventive arm] or exceptional circumstances in accordance with Article 25 of Regulation (EU) [on the preventive arm]. In this report, the European Fiscal Board shall give an opinion on whether sanctions under Article 12 should be imposed or if any other decision should be taken. The report shall be submitted to the Commission and shall be made public.
2023/10/25
Committee: ECON
Amendment 20 #

2023/0081(COD)

Proposal for a regulation
Recital 5
(5) The higher energy prices after the unjustified and unlawful military aggression by the Russian Federation against Ukraine, gave a strong impetus to accelerate the implementation of the European Green Deal and reinforce the resilience of the Energy Union by speeding up the clean energy transition and ending any dependence on fossil fuels exported from the Russian Federation. The REPowerEU plan35 plays a key role in responding to the hardships and global energy market disruption caused by the invasion of Ukraine by the Russian Federation. That plan aims to accelerate the energy transition in the European Union, in order to reduce the Union’s gas and electricity consumption and to boost investments in the deployment of energy efficient and low carbon solutions. That plan sets inter alia the targets to double solar photovoltaic capacity by 2025 and to install 600 GW of solar photovoltaic capacity by 2030; to double the rate of deployment of heat pumps; to produce 10 million tonnes of domestic renewable hydrogen by 2030; and to substantially increase production of biomethane which is essential to decarbonise heavy-duty transport and to get to the Union’s goal of net-zero by 2050. The plan also sets out that achieving the REPowerEU goals will require diversifying the supply of low carbon energy equipment and of critical raw materials, reducing sectoral dependencies, overcoming supply chain bottlenecks and expanding the Union’s clean energy technology manufacturing capacity. As part of its efforts to increase the share of renewable energy in power generation, industry, buildings and transport, the Commission proposes to increase the target in the Renewable Energy Directive to 45% by 2030 and to increase the target in the Energy Efficiency Directive to 13%. This would bring the total renewable energy generation capacities to 1236 GW by 2030, in comparison to 1067 GW by 2030 envisaged under the 2021 proposal and will see increased needs for storage through batteries to deal with intermittency in the electricity grid. Similarly, policies related to the decarbonisation of the road sector, such as Regulation (EU) 2019/631 and Regulation (EU) 2019/1242 will be strong drivers for a further electrification of the road transport sector and thus increasing demand for batteries. _________________ 35 Communication of 18 May 2022 from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions, REPowerEU Plan, COM/2022/230 final, 18.05.2022.
2023/06/28
Committee: TRAN
Amendment 23 #

2023/0081(COD)

Proposal for a regulation
Recital 6
(6) The net-zero transformation is already causing huge industrial, economic, and geopolitical shifts across the globe, which will become ever more pronounced as the world advances in its decarbonisation efforts. The road to net zero translates into strong opportunities for the expansion of Union’s net-zero industry, making use of the strength of the Single Market, by promoting investment in technologies in the field of renewable energy technologies , electricity and heat storage technologies, heat pumps, grid technologies, sustainable aviation and maritime fuel technologies including renewable fuels of non- biological origin technologies, electrolysers and fuel cells, fusion, small modular reactors and related best-in-class fuels, carbon capture, utilisation, and storage technologies, and energy-system related energy efficiency technologies and their supply chains, allowing for the decarbonisation of our economic sectors, from energy supply to transport, buildings, and industry. A strong net zero industry within the European Union can help significantly in reaching the Union’s climate and energy targets effectively, as well as in supporting other Green Deal objectives, while creating jobs and growth.
2023/06/28
Committee: TRAN
Amendment 34 #

2023/0081(COD)

Proposal for a regulation
Recital 10
(10) To achieve the 2030 objectives a particular focus is needed on some of the net-zero technologies, also in view their significant contribution towards the path to net zero by 2050. These technologies include solar photovoltaic and solar thermal technologies, onshore and offshore renewable technologies, battery/storage technologies, heat pumps and geothermal energy technologies, electrolysers and fuel cells, sustainable biogas/biomethane, carbon capture and storage technologies and grid, smart grid technologies, and sustainable aviation and maritime fuel technologies. These technologies play a key role in the Union’s open strategic autonomy, ensuring that citizens have access to clean, affordable, secure energy. Given their role, these technologies, including their transportation infrastructure, should benefit from even faster permitting procedures, obtain the status of the highest national significance possible under national law and benefit from additional support to crowd-in investments.
2023/06/28
Committee: TRAN
Amendment 38 #

2023/0081(COD)

Proposal for a regulation
Recital 14
(14) A key bottleneck for carbon capture investments that are today increasingly economically viable is the availability of operating CO2 storage sites in Europe, which underpin the incentives from Directive 2003/87/EC. To scale up the technology and expand its leading manufacturing capacities, the EU needs to develop a forward-looking supply of permanent geological CO2 storage sites permitted in accordance with Directive 2009/31/EU36 . By defining a Union target of 570 million tonnes of annual operational CO2 injection capacity by 2030 and at least 300 million tonnes by 2040, in line with the expected capacities needed in 2030, the relevant sectors can coordinate their investments towards a European Net- Zero CO2 transport and storage value chain that industries can use to decarbonise their operations. This initial deployment will also support further CO2 storage in a 2050 perspective. According to the Commission’s estimates, the Union could need to capture up to 550 million tonnes of CO2 annually by 2050 to meet the net zero objective37 , including for carbon removals. Such a first industrial-scale storage capacity will de-risk investments into the capturing of CO2 emissions as important tool to reach climate neutrality. When this regulation is incorporated into the EEA Agreement, the Union target of 50 million tonnes of annual operational CO2 injection capacity by 2030 will be adjusted accordingly. _________________ 36 Directive 2009/31/EC of the European Parliament and of the Council of 23 April 2009 on the geological storage of carbon dioxide and amending Council Directive 85/337/EEC, European Parliament and Council Directives 2000/60/EC, 2001/80/EC, 2004/35/EC, 2006/12/EC, 2008/1/EC and Regulation (EC) No 1013/2006 (Text with EEA relevance), (OJ L 140, 5.6.2009, p. 114). 37 In depth analysis in support of the Commission Communication (2018/773) A Clean Planet for all. A European long-term strategic vision for a prosperous, modern, competitive and climate neutral economy.
2023/06/28
Committee: TRAN
Amendment 39 #

2023/0081(COD)

Proposal for a regulation
Recital 17
(17) To address security of supply issues and contribute to supporting the resilience of Union’s energy system and decarbonisation and modernisation efforts, the net-zero technology manufacturing capacity in the Union needs to expand. Union manufacturers of solar photovoltaic (PV) technologies need to increase their competitive edge and improve security of supply perspectives, by aiming to reach at least 30 gigawatt of operational solar PV manufacturing capacity by 2030 across the full PV value chain, in line with the goals set out in the European Solar Photovoltaic Industry Alliance, which is supported under the Union’s Solar Energy Strategy.38 Union manufacturers of wind and heat pump technologies need to consolidate their competitive edge and maintain or expand their current market shares throughout this decade, in line with the Union’s technology deployment projections that meet its 2030 energy and climate targets.39 This translates into a Union manufacturing capacity for wind of at least 36 GW and, respectively, for heat pumps of at least 31 GW in 2030. Union manufacturers of batteries and electrolysers need to consolidate their technology leadership and actively contribute to shaping these markets. For battery technologies this would mean contributing to the objectives of the European Battery Alliance and aim at almost 90% of the Union’s battery annual demand being met by the Union’s battery manufacturers, translating into a Union manufacturing capacity of at least 550 GWh in 2030. For EU electrolyser manufacturers, the REPowerEU plan projects 10 million tonnes of domestic renewable hydrogen production and a further up to 10 million tonnes of renewable hydrogen imports by 2030. To ensure EU’s technological leadership translates into commercial leadership, as supported under the Electrolyser Joint Declaration of the Commission and the European Clean Hydrogen Alliance, EU electrolyser manufacturers should further boost their capacity, such that the overall installed electrolyser capacity being deployed reaches at least 100 GW hydrogen by 2030. Union manufacturers of aviation and maritime fules need to further develop, scale up and produce sustainable fuels in order to reduce the transport sector’s greenhouse gas (GHG) emissions by 90% in 2050, as supported by the Renewable and Low-Carbon Fuels Value Chain Industrial Alliance and the Alliance for Zero-Emission Aviation. _________________ 38 Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: EU Solar Energy Strategy, SWD(2022) 148 final, 18.05.2022. 39 As per REPowerEU objectives set out in the REPowerEU Plan, COM/2022/230 final, and accompanying Commission Staff Working Document Implementing the Repower EU Action Plan: Investment Needs, Hydrogen Accelerator and achieving the Bio-Methane Targets Accompanying the Document : Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions REPowerEU Plan, SWD/2022/230 final, 18.05.2022
2023/06/28
Committee: TRAN
Amendment 48 #

2023/0081(COD)

Proposal for a regulation
Recital 41
(41) Where private investment alone is not sufficient, the effective roll-out of net- zero manufacturing projects may require public support in the form of State aid. Such aid must have an incentive effect and be necessary, appropriate and proportionate. The existing State aid guidelines that have recently undergone an in-depth revision in line with the twin transition objectives provide ample possibilities to support investments for projects in the scope of this Regulation subject to certain conditions. Member States can have an important role in easing access to finance for net-zero technologies manufacturing projects by addressing market failures through targeted State aid support. The Temporary Crisis and Transition Framework (TCTF) adopted on 9 March 2023 aims at ensuringshould preserve a level playing field within the internal market, targeted to those sectors where a third- country delocalisation risk has been identified, and proportionate in terms of aid amounts. It would enable Member States to put in place measures to support new investments in production facilities in defined, strategic net-zero sectors, including via tax benefits. The permitted aid amount can be modulated with higher aid intensities and aid amount ceilings if the investment is located in assisted areas, in order to contribute to the goal of convergence between Member States and regions. Appropriate conditions are required to verify the concrete risks of diversion of the investment outside the European Economic Area (EEA) and that there is no risk of relocation within the EEA. To mobilise national resources for that purpose, Member States may use a share of the ETS revenues that Member States have to allocate for climate-related purposes.
2023/06/28
Committee: TRAN
Amendment 49 #

2023/0081(COD)

Proposal for a regulation
Recital 42
(42) Several Union funding programmes, such as the Recovery and Resilience Facility, InvestEU, cohesion policy programmes, Connecting Europe Facilities or the Innovation Fund are also available to fund investments in net-zero technology manufacturing projects, which should be seen together with other funding instruments in order to ensure a value chain approach supporting net-zero technologies. Furthermore, the future Hydrogen Bank aims to support the production of hydrogen and the European Commission should monitor its effectiveness and assess the possibility to expand the scope of the Bank to other net- zero technologies, such as solar power and battery production. This should lead to a comprehensive EU financial support instrument combining the different energy funding instruments and thereby creating a better overview of the financial assistance supporting net-zero technologies. Where possible, information on the relevant national funding sources should be easily accessible as well as information on blending EU funding programmes with financial support from the European Investment Bank.
2023/06/28
Committee: TRAN
Amendment 56 #

2023/0081(COD)

Proposal for a regulation
Recital 55 a (new)
(55a) Accessibility and connectivity of the full range of carbon dioxide (CO2) transportation modalities plays a critical role for the deployment of CCS projects and cross-border transportation. Modalities cover ship, barge, train and truck as well as fixed facilities for connecting and docking, for liquefaction, buffer storage and converters of CO2 in view of its further transportation through pipelines and in dedicated modes of transport.
2023/06/28
Committee: TRAN
Amendment 61 #

2023/0081(COD)

Proposal for a regulation
Recital 69
(69) At Union level, a Net-Zero Europe Platform, should be established, composed of the Member States and chaired by the Commission. The Net-Zero Europe Platform may advise and assist the Commission and Member States on specific questions and provide a reference body, in which the Commission and Member States coordinate their action and facilitate the exchange of information on issues relating to this Regulation. The Net- Zero Europe Platform should further perform the tasks outlined in the different Articles of this Regulation, notably in relation to permitting, including one-stop shops, Net-Zero Strategic Projects, coordination of financing, access to markets and skills as well as innovative net-zero technologies regulatory sandboxes. Where necessary, the Platform may establish standing or temporary subgroups an, also composed by stakeholders from the sectors concerned, and should invite third parties, such as experts or representatives from net-zero industries.
2023/06/28
Committee: TRAN
Amendment 66 #

2023/0081(COD)

Proposal for a regulation
Article 1 – paragraph 1
1. This Regulation establishes the framework of measures for innovating and scaling up the manufacturing capacity and deployment of net-zero technologies in the Union to support the Union’s 2030 target of reducing net greenhouse gas emissions by at least 55 % relative to 1990 levels and the Union’s 2050 climate neutrality target, as defined by Regulation (EU) 2021/1119, and to ensure the Union’s access to a secure and sustainable supply of net-zero technologies needed to safeguard the resilience of the Union’s energy system and to contribute to the creation of quality jobs.
2023/06/28
Committee: TRAN
Amendment 68 #

2023/0081(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b a (new)
ba) the corresponding upgrading and adaptation of supply chain and transport connectivity infrastructure as well as maritime and hinterland connections, in view of ensuring the trade flows to and from the manufacturing sites to the Union’s markets.
2023/06/28
Committee: TRAN
Amendment 71 #

2023/0081(COD)

Proposal for a regulation
Recital 47
(47) A European Sovereignty Fund, financed exclusively by currently existing financial means such as reserves, decommitments, and budget cuts elsewhere if necessary, would provide a structural answer to the investment needs. It will help preserving a European edge on critical and emerging technologies relevant to the green and digital transitions, including net-zero technologies. This structural instrument will build on experience of coordinated multi-country projects under the IPCEIs and seek to enhance all Member States’ access to such projects, thereby safeguarding cohesion and the Single Market against risks caused by unequal availability of State Aids.
2023/06/20
Committee: ECON
Amendment 78 #

2023/0081(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a
(a) ‘net-zero technologies’ means renewable energy technologies66 ; electricity and heat storage technologies; heat pumps; grid technologies; renewable fuels of non-biological origin technologies; sustainable alternative fuels technologies67 ; electrolysers and fuel cells; advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle, small modular reactors, and related best-in-class fuels; carbon capture, utilisation, and storage technologies and associated CO2 transport infrastructure; and energy-system related energy efficiency technologies. They refer to the final products, specific components and specific machinery primarily used for the production of those products. They shall have reached a technology readiness level of at least 8. _________________ 66 ‘renewable energy' means ‘renewable energy’ as defined in Directive (EU) 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources 67 ‘sustainable alternative fuels’ means fuels covered by the Proposal for a Regulation of the European Parliament and of the Council on ensuring a level playing field for sustainable air transport, COM/2021/561 final and by the Proposal for a Regulation of the European Parliament and Council on the use of renewable and low-carbon fuels in maritime transport COM/2021/562 final.
2023/06/28
Committee: TRAN
Amendment 83 #

2023/0081(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a
(a) ‘net-zero technologies’ means renewable energy technologies66 ; electricity and heat storage technologies; heat pumps; grid technologies; renewable fuels of non-biological origin technologies; sustainable alternaviation and maritivme fuels technologies67 ; electrolysers and fuel cells; advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle, small modular reactors, and related best-in-class fuels; carbon capture, utilisation, and storage technologies as well as the related transportation infrastructure; and energy- system related energy efficiency technologies. They refer to the final products, specific components and specific machinery primarily used for the production of those products. They shall have reached a technology readiness level of at least 8 along the value chain. _________________ 66 ‘renewable energy' means ‘renewable energy’ as defined in Directive (EU) 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources 67 ‘sustainable alternative fuels’ means fuels covered by the Proposal for a Regulation of the European Parliament and of the Council on ensuring a level playing field for sustainable air transport, COM/2021/561 final and by the Proposal for a Regulation of the European Parliament and Council on the use of renewable and low-carbon fuels in maritime transport COM/2021/562 final.
2023/06/28
Committee: TRAN
Amendment 85 #

2023/0081(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a a (new)
(aa) ‘sustainable aviation and maritime fuel technology’ means fuels eligible under Regulation of the European Parliament and of the Council on ensuring a level playing field for sustainable air transport, [XXXX] and by Regulation of the European Parliament and Council on the use of renewable and low-carbon fuels in maritime transport [XXXX].
2023/06/28
Committee: TRAN
Amendment 87 #

2023/0081(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a b (new)
(ab) 'Hydrogen Valley’ means a geographical area – a city, a region, an island or an industrial cluster - where several hydrogen applications are combined into an integrated hydrogen ecosystem, which includes hydrogen production, transportation, storage and use uses in industry, mobility and buildings.
2023/06/28
Committee: TRAN
Amendment 88 #

2023/0081(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point b
(b) ‘component’ means a small parnufactured element of a net-zero technology that is manufactured and traded by a company starting from processed materials;
2023/06/28
Committee: TRAN
Amendment 93 #

2023/0081(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point q
(q) ‘CO2 injection capacity’ means the annual amount of CO2 that can be injected in an operational geological storage site, permitted under Directive 2009/31/EC, provided with the means of transporting CO2 to the site, and with the purpose to reduce emissions or increase carbon removals, in particular from large scale industrial installations and which is measured in tonnes per annum;
2023/06/28
Committee: TRAN
Amendment 94 #

2023/0081(COD)

Proposal for a regulation
Article 4 – paragraph 1
1. By …[3 months after the date of entry into force of this Regulation], Member States shall designate one national competent authority which shall be responsible for facilitating and, coordinating and streamlining the permit-granting process for net-zero technology manufacturing projects, including for net- zero strategic projects, and to provide advice on reducing administrative burden in line with Article 5.
2023/06/28
Committee: TRAN
Amendment 105 #

2023/0081(COD)

Proposal for a regulation
Article 6 – paragraph 9 a (new)
9a. The European Commission shall adopt guidelines to define the permit- granting requirements for net-zero technology manufacturing projects.
2023/06/28
Committee: TRAN
Amendment 108 #

2023/0081(COD)

Proposal for a regulation
Article 8 – paragraph 1
1. When preparing plans, including zoning, spatial plans and land use plans, national, regional and local authorities shall, where appropriate, include in those plans provisions for the development of net-zero technology manufacturing projects, including net-zero strategic projects and the relevant infrastructure. Priority shall be given to artificial and built surfaces, industrial sites, brownfield sites, and, where appropriate, greenfield sites not usable for agriculture and forestry.
2023/06/28
Committee: TRAN
Amendment 126 #

2023/0081(COD)

Proposal for a regulation
Article 14 – paragraph 2 – introductory part
2. Member States mayshall provide administrative support to net-zero strategic projects to facilitate their rapid and effective implementation, including by providing:
2023/06/28
Committee: TRAN
Amendment 131 #

2023/0081(COD)

An annual injection capacity of at least 570 million tonnes of CO2 shall be achieved by 2030 and at least 300 million tonnes by 2040, in storage sites located in the territory of the European Union or the European Economic Area or a third State with which the Union has concluded a Net-Zero industrial partnership with relevance for CO2 injection and storage capacities, its exclusive economic zones or on its continental shelf within the meaning of the United Nations Convention on the Law of the Sea (UNCLOS) and which are not combined with Enhanced Hydrocarbon Recovery (EHR).
2023/06/28
Committee: TRAN
Amendment 135 #

2023/0081(COD)

Proposal for a regulation
Article 19 – paragraph 1
1. Contracting authorities or contracting entities shall base the award of contracts for net-zero technology listed in the Annex in a public procurement procedure on the most economically advantageous tender, which shall include the best price-quality ratio, comprising at least the sustainability and resilience contribution of the tender, in compliance with Directives 2014/23/EU, 2014/24/EU, or 2014/25/EU, 2022/1031 or 2022/2555 and applicable sectoral legislation, as well as with the Union’s international commitments, including the GPA and other international agreements by which the Union is bound.
2023/06/28
Committee: TRAN
Amendment 136 #

2023/0081(COD)

(b) where an innovative solution needs to be developed, the impact and the quality of the implementation plan, including risk management measures while maintaining the highest assurance of cybersecurity based on an all-hazards approach in accordance with article 7(2) and 21(2) of the NIS2 with the aim of preventing or minimzing the impact of incidents on recipients of their services an on other services based on technical and non- technical risk factors;
2023/06/28
Committee: TRAN
Amendment 139 #

2023/0081(COD)

Proposal for a regulation
Article 21 – paragraph 1
1. Without prejudice to Articles 107 and 108 of the Treaty and Article 4 of Directive 2018/200173 and in line with the Union’s international commitments, when deciding to set up schemes benefitting households or consumers which incentivise the purchase of net-zero technology final products listed in the Annex, Member States, regional or local authorities, bodies governed by public law or associations formed by one or more such authorities or one or more such bodies governed by public law, shall design them in such a way as to promote the purchase by beneficiaries of net-zero technology final products with a high sustainability and resilience contribution as referred in Article 19(2), by providing additional proportionate financial compensation, tax credits, or other forms of State aid. _________________ 73 Directive 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources
2023/06/28
Committee: TRAN
Amendment 145 #

2023/0081(COD)

Proposal for a regulation
Article 29 – paragraph 6
6. The Platform may establish standing or temporary sub-groups dealing with specific questions and tasks. The sub- groups shall include the relevant stakeholders from the sectors concerned.
2023/06/28
Committee: TRAN
Amendment 147 #

2023/0081(COD)

Proposal for a regulation
Article 31 – paragraph 1 – point b a (new)
(ba) the consistency of the targets for domestic production of batteries with the goals set out in Regulation (EU) 2023/851 as regards strengthening the CO2 emission performance standards for new passenger cars and new light commercial vehicles, including the supply of the needed raw and advanced materials for battery production.
2023/06/28
Committee: TRAN
Amendment 148 #

2023/0081(COD)

Proposal for a regulation
Article 31 – paragraph 2 – introductory part
2. Member States and the national authorities they designate for this purpose shall collect and provide data and other evidence required pursuant to paragraph 1, points (a), (b) and (ba). In particular, they shall collect and report each year to the Commission data on:
2023/06/28
Committee: TRAN
Amendment 149 #

2023/0081(COD)

Proposal for a regulation
Article 31 – paragraph 2 – point a a (new)
(aa) the resilience of value chains of net zero technologies including the Union’s production capacity of chemicals, materials, and components for the production and assembly of net-zero technologies, and the competitiveness of the related sectors;
2023/06/28
Committee: TRAN
Amendment 162 #

2023/0081(COD)

Proposal for a regulation
Annex I
Strategic net-zero technologies 1 Solar photovoltaic and solar thermal technologies 2 Onshore wind and offshore renewable technologies 3 Battery/storage technologies 4 Heat pumps and geothermal energy technologies 4a Hydrogen storage and transportation technologies 5 Electrolysers and fuel cells 6 Sustainable biogas/biomethane technologies 7 Carbon Capture and storage (CCS) technologies 8 Grid technologies and Utilisation (CCU) technologies, including transportation technologies 8 Grid technologies and fast charging technologies 8a Sustainable aviation and maritime fuel technologies 8b Sustainable propulsion systems such as electric motors, wind-assisted propulsion for ships, engines for sustainable aviation and waterborne transport
2023/06/28
Committee: TRAN
Amendment 417 #

2023/0053(COD)

Proposal for a directive
Article 9 – paragraph 2 – point h
(h) two years after a driving licence, granted for category B, was issued for the first time it shall be valid for driving the alternatively fuelled vehicles referred to in Article 2 of Council Directive 96/53/EC63 with a maximum authorised mass above 3 504 250 kg but not exceand motor caravans defined ing 4 250 kg without a trailer Annex I, Part A, point 5.1 to Regulation (EU) No 2018/858. __________________ 63 Council Directive 96/53/EC of 25 July 1996 laying down for certain road vehicles circulating within the Community the maximum authorised dimensions in national and international traffic and the maximum authorised weights in international traffic (OJ L 235, 17.9.1996, p. 59).
2023/09/26
Committee: TRAN
Amendment 652 #

2023/0053(COD)

Proposal for a directive
Annex II – Part I – point B – point 5 – point 1 – point c – paragraph 1
The Union code marked on a drivingdescribed in the first paragraph shall not be recorded on, or shall subsequently be removed from, a licence of category A1, A2, A, B1, B andor BE issued on the basis of a test of skills and behaviour taken on a vehicle with automatic transmission shall be removed if the holder passes a dedicated test of skills and behaviour or completes a dedicated trainingf the applicant or holder passes a dedicated test of skills and behaviour or completes a dedicated training, which may occur before or after the test of skills and behaviour on a vehicle with automatic transmission.
2023/09/25
Committee: TRAN
Amendment 28 #

2023/0052(COD)

Proposal for a directive
Recital 4 a (new)
(4a) Member States experience challenges enforcing national or local legislation regarding vehicle access restrictions, based on road safety, traffic management or pollution prevention, in the case of foreign vehicles registered in another Member State. Therefore, the list of road safety related traffic offences in Article 2 should be extended to cover breaches of vehicle access restrictions rules.
2023/07/08
Committee: TRAN
Amendment 62 #

2023/0052(COD)

Proposal for a directive
Recital 35 b (new)
(35b) Member States shall ensure that adequate and effective mechanisms are in place for the enforcement or recovery of financial penalties.
2023/07/08
Committee: TRAN
Amendment 80 #

2023/0052(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point a a (new)
Directive (EU) 2015/413
Article 2 – paragraph 1 – point o (a) new
(oa) not respecting the rules on vehicle access restrictions, such as urban low- and zero-emission zones;
2023/07/08
Committee: TRAN
Amendment 100 #

2023/0052(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point c
Directive (EU) 2015/413
Article 3 – paragraph 3 – point z (d) new
(zd) 'not respecting the rules on vehicle access restrictions' means a breach of national or local legislation concerning vehicle access restrictions, such as urban low- and zero-emission zones, as determined by the competent authority of the Member State concerned for the purpose of ensuring road safety, traffic management or pollution prevention. This does not concern a breach of legislation related to any other road charges and fees, such as toll charges.
2023/07/08
Committee: TRAN
Amendment 27 #

2023/0042(COD)

Proposal for a regulation
Recital 5
(5) All sectors of the economy are expected to contribute to achieving those emission reductions, including the road transport sector, which is the only sector in the EU in which emissions have been trending upwards since the 1990s. The Green Deal has set the ambitious target of a 90% reduction in transport emissions in order to achieve carbon neutrality in the EU by 2050.
2023/06/09
Committee: TRAN
Amendment 55 #

2023/0042(COD)

Proposal for a regulation
Recital 11 – paragraph 1
The updated New Industrial Strategy14 foresees the co-creation of green and digital transition pathways in partnership with industry, public authorities, social partners and other stakeholders. In this context, a transition pathway is being developed for the mobility ecosystem to accompany the transition of the automotive value chain. The pathway takes particular heed of small and medium-sized enterprizses in the automotive supply chain, of the consultation of social partners including by Member States, and also build on the European Skills Agenda with initiatives like the Pact for Skills to mobilise the private sector and other stakeholders to up-skill and re-skill Europe’s workforce in view of the green and digital transitions and on the Talent Booster Mechanism in the framework of the Harnessing Talents in EU regions initiative. The appropriate actions and incentives at the European and national level to boost the affordability of zero- emission vehicles are also being addressed in the pathway. This could, for example, include the possibility for Member States to use the proposed Social Climate Fund to assist micro-enterprises in the purchasing of zero-emission trucks and lorries. Particular attention should be also given to the impact that this transition will have on SMEs along the supply chain. __________________ 14 Commission Communication on Updating the 2020 New Industrial Strategy: Building a stronger Single Market for Europe’s recovery, COM(2021) 350 final of 5 May 2021.
2023/06/09
Committee: TRAN
Amendment 58 #

2023/0042(COD)

Proposal for a regulation
Recital 11 – paragraph 1 a (new)
A rapid roll out of charging and fuelling infrastructure requires availability of qualified installers. Investments in re- and upskilling will be a corner stone in fulfilling the targets of this regulation and will ensure a just transition in the truck manufacturing sector.
2023/06/09
Committee: TRAN
Amendment 62 #

2023/0042(COD)

Proposal for a regulation
Recital 12
(12) The Union fleet-wide targets are to be complemented by the necessarydependent on the rapid roll-out of recharging and refuelling infrastructure as set out in the Commission Proposal for a regulation on the deployment of alternative fuel infrastructure16 . __________________ 16 Proposal for a Regulation of the European Parliament and of the Council on the deployment of alternative fuels infrastructure, and repealing Directive 2014/94/EU of the European Parliament and of the Council, 14.7.2021, COM/2021/559 final.
2023/06/09
Committee: TRAN
Amendment 72 #

2023/0042(COD)

Proposal for a regulation
Recital 13 a (new)
(13a) Certain enabling conditions allowing road hauliers to seamlessly operate zero-emission heavy-duty vehicles are key for early market adoption of such vehicles. Therefore, the state of the most important enabling conditions such as optimal grid capacity, storage, charging and refuelling infrastructure and effective carbon pricing measures should be monitored regularly and taken into account in the review of this regulation.
2023/06/09
Committee: TRAN
Amendment 73 #

2023/0042(COD)

Proposal for a regulation
Recital 13 b (new)
(13b) Any future review of this regulation should include an evaluation of the CO2 targets, taking into account the possibility of waiving a portion of the excess CO2 emissions premiums as specified in Article 8 of this Regulation.
2023/06/09
Committee: TRAN
Amendment 86 #

2023/0042(COD)

Proposal for a regulation
Recital 15 a (new)
(15a) CO2-neutral fuels, such as biogas, biofuels or synthetic fuels can contribute to significant CO2 reductions and improvement of air quality already today, and play a key role in the transition. At the same time, they can be part of the solution in the future in cases where an electric or hydrogen truck is impossible or difficult.
2023/06/09
Committee: TRAN
Amendment 88 #

2023/0042(COD)

Proposal for a regulation
Recital 15 b (new)
(15b) This legislation plays a key role in providing a competitive edge to zero- emission vehicles over fossil fuel-powered vehicles, gradually diminishing the economic disparities between them. However, adequate support from other EU and national legislation as well as financial mechanisms and funds are crucial to bring down costs and make zero-emission transport commercially viable.
2023/06/09
Committee: TRAN
Amendment 95 #

2023/0042(COD)

Proposal for a regulation
Recital 18
(18) The possibility of assigning the rRevenue from the excess emission premiums to a specific fund or relevant programme has been evaluated as required pursuant to Article 15(4) of Regulation (EU) 2019/1242, with the conclusion that this would significantly increase the administrative burden, while not directly benefit the automotive sector in its transition. Revenue from the excess emission premiums should therefore continue to be considered as revenue for the general budget of the Union in accordance with Article 8(4) of Regulation (EU) 2019/1242should be considered as revenue assigned to the Innovation Fund in order to support the development of innovative technologies, which is key for the green transition of the automotive sector.
2023/06/09
Committee: TRAN
Amendment 97 #

2023/0042(COD)

Proposal for a regulation
Recital 21 – paragraph 1
For vehicles, which are not in the scope of the automotive type-approval legislation, such as agricultural and forestry tractors, vehicles designed and constructed for the use by armed and security forces and track-laying vehicles, the CO2 emissions are not determined and therefore these vehicles do not have to meet the CO2 targets set in this Regulation.
2023/06/09
Committee: TRAN
Amendment 103 #

2023/0042(COD)

Proposal for a regulation
Recital 21 – paragraph 5
Vocational vehicles, such as garbage trucks, tippers or concrete mixers, should continue to be exempted from the calculation of average specific CO2 emissions of manufacturers. The Commission should follow the technological development of zero- emission vocational vehicles closely with a view to include such vehicles in the scope of this regulation in a future review.
2023/06/09
Committee: TRAN
Amendment 173 #

2023/0042(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) 2019/1242
Article 3 a – paragraph 1 – point b
(b) for all vehicle sub-groups for the reporting periods of the years 2030 to 2034 by 450 %,
2023/06/09
Committee: TRAN
Amendment 180 #

2023/0042(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) 2019/1242
Article 3 a – paragraph 1
(c) for all vehicle sub-groups for the reporting periods of the years 2035 to 2039 by 675 %,
2023/06/09
Committee: TRAN
Amendment 258 #

2023/0042(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 16
Regulation (EU) 2019/1242
Article 13 f – paragraph 4
4. The amounts of the administrative fines shall be considered as revenue for the general budget of the Unionassigned to the innovation fund.
2023/06/09
Committee: TRAN
Amendment 265 #

2023/0042(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 18
Regulation (EU) 2019/1242
Article 15 – paragraph 1
The Commission shall, in 2028, review the effectiveness and impact of this Regulation and submit a report to the European Parliament and to the Council with the result of the review. The Commission shall in particular annually assess the deployment of charging and refuelling infrastructure for heavy duty vehicles across the Union.
2023/06/09
Committee: TRAN
Amendment 268 #

2023/0042(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 18
Regulation (EU) 2019/1242
Article 15 – paragraph 1
The Commission shall, inby December 20287, review the effectiveness and impact of this Regulation and submit a report to the European Parliament and to the Council with the result of the review.
2023/06/09
Committee: TRAN
Amendment 275 #

2023/0042(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 18
Regulation (EU) 2019/1242
Article 15 – paragraph 2
The report shall, where appropriate, include an assessment of key enabling factors and, if these are found not in line with the targets for vehicle manufacturers in Art. 3a and b of this Regulation, the report shall be accompanied by a proposal for amending this Regulation.
2023/06/09
Committee: TRAN
Amendment 26 #

2022/2172(INI)

Draft opinion
Paragraph 1 a (new)
1 a. Strongly opposes any new own resource based on the financial or corporate sector; notes that the percentage that the ETS contributes to the EU’s own resources could be increased before introducing any new own resources;
2022/12/19
Committee: ECON
Amendment 14 #

2022/2150(INI)

B. whereas the EU labour market has proved particularly resilient, with an additional two million people in employment, leading to a record low unemployment rate of 6.2 % in 2022 in the EU as a whole; whereas unemployment remains high in some Member States; whereas youth unemployment is still a matter of great concern, with 28,72 million people under 25 years of age seeking employment in October 2022, an increase of 102.000 from October 2021; whereas according to the Commission’s autumn economic forecast the public sector was a key contributor to the increase in employment; whereas despite labour market tightness wage growth has remained moderate; whereas the unemployment rate is expected to increase slightly in 2023 (6.5 %), before marginally coming down again in 2024 (6.2 %);
2023/01/11
Committee: ECON
Amendment 40 #

2022/2150(INI)

Motion for a resolution
Paragraph 1
1. Is concerned that the EU is one of the most exposed advanced economies to downward risks, given its geographical proximity to Ukraine and heavy reliance on gas imports from Russia; notes thaexpresses its strong concerns about the impact of high energy prices and inflation leads to the erosion of household purchasing power; highlights that a reduction in aggregate demand, combined with less favourable financing conditions, could lead to a sharp decline in investment and therefore in economic growthon households and SME’s in particular;
2023/01/11
Committee: ECON
Amendment 54 #

2022/2150(INI)

Motion for a resolution
Paragraph 2
2. Stresses that while the primary objective of the European Central Bank (ECB) is to maintain price stability, the primary objective of the Union as a whole should be to minimise the impact of current turbulences on the real economy, thereby defending the wellbeing of its citizens and preserving its production structure and the international competitiveness of its companies; underlines, in this regard, the importance of adequate and coordinated fiscal, structural and regulatory policies that complement the ECB’s monetary policy actions, which are also capable of supporting household incomes and providing targeted support to companies suffering from supply bottleneck; calls on the ECB to do whatever it takes to bring inflation down to its target level of 2% and fulfil its mand high energy costsate;
2023/01/11
Committee: ECON
Amendment 71 #

2022/2150(INI)

Motion for a resolution
Paragraph 3
3. Observes the sizeable impact of the NextGenerationEU (NGEU) instrument as estimated by the Commission, the ECB and the International Monetary Fund, in particular an increase in GDP growth of up to 1.5 % higher than without NGEU investment if the instrument is implemented effectively; stresses that NGEU is a one-off emergency instrument; recognizes that the EU economy was already in full swing recovery before payments were being reimbursed to Member States;
2023/01/11
Committee: ECON
Amendment 93 #

2022/2150(INI)

Motion for a resolution
Paragraph 5
5. Recalls the close link between the European Semester and the implementation of the RRF, whereby the national recovery and resilience plans (NRRPs) are expected to contribute effectively to addressing all or a significant subset of the challenges identified in the relevant country-specific recommendations addressed to each Member State in the context of the European Semester; calls on the Commission to halt disbursements in case a Member State does not sufficiently fulfil the required reforms;
2023/01/11
Committee: ECON
Amendment 111 #

2022/2150(INI)

Motion for a resolution
Paragraph 7 – introductory part
7. Underlines the twohree key features of the RRF which are intrinsically linked to its successful implementation:
2023/01/11
Committee: ECON
Amendment 119 #

2022/2150(INI)

Motion for a resolution
Paragraph 7 – point b a (new)
(b a) fixed binding milestones and targets including structural reforms and investments for each Member State;
2023/01/11
Committee: ECON
Amendment 124 #

2022/2150(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Urges the Commission to carefully monitor the risks to EU financial interests in the implementation of the RRF of any potential breach of the principles of the rule of law, with particular attention to public procurement; expects the Commission not to proceed with any payments under the RRF if milestones linked to measures to prevent, detect and correct corruption, fraud and conflicts of interest are not met;
2023/01/11
Committee: ECON
Amendment 126 #

2022/2150(INI)

Motion for a resolution
Paragraph 8
8. Highlights the essential role played by the RRF in equipping the Union with the tools needed to successfully face the global challenges stemming from the green transition and the digital transformation of the economy, along with the implementation of the European Pillar of Social Rights;deleted
2023/01/11
Committee: ECON
Amendment 134 #

2022/2150(INI)

Motion for a resolution
Paragraph 9
9. WelcomNotes the publication of the Commission’s communication on orientations for a reform of the EU economic governance framework; expressecalls concern about its delay; stresses the need to adopt legislative proposals before time runs out and the Member States to take responsibility and bring down their national debt to sustainable levels in order to protect the integrity of the Economic and Monetary Union, even though the gGeneral eEscape cClause is removed and the current legislature comes to an enhas not yet been deactivated;
2023/01/11
Committee: ECON
Amendment 142 #

2022/2150(INI)

Motion for a resolution
Paragraph 9 a (new)
9 a. Stresses that a proper and credible economic governance framework is a necessary requirement for a sustainable monetary union; highlights the importance of sustainable debt levels and credible debt reduction paths for the real economy, especially in an macroeconomic environment that faces increasing interest rates;
2023/01/11
Committee: ECON
Amendment 164 #

2022/2150(INI)

11. Notes the aim to stimulate investment and reforms by allowing Member States to have different debt reduction paths, provided that these enhance growth, and improve debt sustainability and are in line with the EU’s objectives, in particular those of the green and digital transition and social resilience;
2023/01/11
Committee: ECON
Amendment 174 #

2022/2150(INI)

Motion for a resolution
Paragraph 12
12. Notes that while monetary policy is conceived and designed as a single instrument, the overall fiscal policy is the result of aggregating 19 individual fiscal policies; underlines that, apart from the recommendation on the economic policy of the euro area, coordination of actions has thus far been limited and the situation and challenges of the euro area have not been easy to factor in; highlights that it is still largely randomconsiders ift the aggregation of national fiscal policies results in a euro area fiscal stance which is appropriate and consistent with monetary policy; regrets that the Commission’s communication does not encompass rules or instruments that allow for the management of the euro area fiscal stancerefore all the more important that Member States comply with the rules and regulations of the Stability and Growth Pact;
2023/01/11
Committee: ECON
Amendment 213 #

2022/2150(INI)

13 a. Suggests automatic sanctions against Member States that persistently violate the Stability and Growth Pact;
2023/01/11
Committee: ECON
Amendment 26 #

2022/2146(INI)

Motion for a resolution
Recital A
A. whereas Member States are free to decide on their own economic policies, in particular their own tax policies within the boundaries of the EU Treaties; whereas a well-functioning tax system is in the interest of Member States in order to ensure proper tax collection; whereas, although tax policy largely remains a responsibility of the Member States, the single market requires coordination in setting tax policy in order to further single market integration;
2023/07/06
Committee: ECON
Amendment 38 #

2022/2146(INI)

Motion for a resolution
Recital B
B. whereas a number of European companies are battling strong headwinds as a result of the current adverse economic and social situations;
2023/07/06
Committee: ECON
Amendment 51 #

2022/2146(INI)

Motion for a resolution
Recital C
C. whereas the BEPS action plan managed to establish a global consensus on many issues regarding the fight against tax avoidance and aggressive tax planning;
2023/07/06
Committee: ECON
Amendment 56 #

2022/2146(INI)

Motion for a resolution
Recital D
D. whereas the EU led by example in transposing international agreements into a high number of tax directives improving coordination and the EU’s fight against tax fraud, tax avoidance and aggressive tax planning;
2023/07/06
Committee: ECON
Amendment 62 #

2022/2146(INI)

Motion for a resolution
Recital E
E. whereas as of 16 December 2022, 138 statejurisdictions, including all EU Member States, had agreed on the reform of the international tax system through a two- pillar solution;
2023/07/06
Committee: ECON
Amendment 67 #

2022/2146(INI)

Motion for a resolution
Recital F
F. whereas tax policy fragmentation createsontributes to creation of various obstacles for citizens and companies in the single market, particularly small and medium- sized enterprises (SMEs); whereas these obstacles discourage cross-border economic activity and can distort the single market;
2023/07/06
Committee: ECON
Amendment 69 #

2022/2146(INI)

Motion for a resolution
Recital F
F. whereas tax policy fragmentation creates various obstacles for citizens and companies in the single market, particularly small and medium-sized enterprises (SMEs); whereas these obstacles discourage cross-border economic activity and can distort the single market; whereas Member States continue to lose tax revenue due to harmful tax practices enabled by loopholes between Member States’ legislation, or between Member States and third countries, and estimates of revenue lost as a result of harmful tax practices range from EUR 36-37 billion to EUR 160-190 billion per year; whereas policy fragmentations might increase the cost of enforcement for tax authorities;
2023/07/06
Committee: ECON
Amendment 110 #

2022/2146(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Underlines that EU Member States have a full responsibility for proper tax collection and they are entitled to decide on their own tax systems;
2023/07/06
Committee: ECON
Amendment 111 #

2022/2146(INI)

Motion for a resolution
Paragraph 1 b (new)
1b. Highlights that well-functioning tax systems and national tax administrations play a key role in tax collection and that sustainable tax revenue in the Member States´ public budgets is important in the current challenging economic climate;
2023/07/06
Committee: ECON
Amendment 128 #

2022/2146(INI)

Motion for a resolution
Paragraph 4
4. Takes note of the numerousWelcomes different tax directives since 2011 that have led to fairer, simpler and more effective corporate taxation in the EU, andbut also to a high number of tax compliance obligations on companies within the EU21 ; _________________ 21 See notably the Anti-Tax Avoidance Directives (ATAD I and ATAD II), the amendments of the Directive on administrative cooperation in the field of taxation (DAC 1 to DAC 7), the revision of the Parent Subsidiary Directive, the EU Dispute Settlement Directive, the Public Country-by-Country Reporting Directive, or the Pillar Two Directive.
2023/07/06
Committee: ECON
Amendment 162 #

2022/2146(INI)

7. Calls on the Commission to present an overall evaluation of actions taken on corporate taxation since 2011 and to immediately ease the burden on businesses by invoking a regulatory moratorium and delaying those tax acts that would unnecessarily increase costs for businesses already under strain; calls on the Commission to carry out competitiveness checks for new legislative tax proposals, as requested by the European Council for all new proposals on 22 March 2023, and to ensure that the submission of any new proposal, if necessary, is essential for the smooth functioning of the single market ;
2023/07/06
Committee: ECON
Amendment 195 #

2022/2146(INI)

Motion for a resolution
Paragraph 12
12. Takes note ofWelcomes the two-pillar solution reached at the OECD/G20 Inclusive Framework on the allocation of taxing rights and the application of a minimum effective tax rate of 15 % on the global profits of MNEs; welcomes the adoption of the Pillar Two Directive implementing the international agreement in the EU law;
2023/07/06
Committee: ECON
Amendment 227 #

2022/2146(INI)

Motion for a resolution
Paragraph 14
14. Calls on the Commission to guidesuggest measures for all the Member States towards a simplified tax system to reduce the administrative burden for companies, especially SMEs; acknowledges that simplifying refund procedures, deductions and litigation are other solutions to reduce the administrative burden, especially for SMEs;
2023/07/06
Committee: ECON
Amendment 231 #

2022/2146(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Welcomes that the EU has developed peer review procedures within the Code of Conduct Group for business taxation; underlines that in this framework Member States re-examine, amend or abolish their existing tax measures that constitute harmful tax competition, as well as refrain from introducing new ones in the future; welcomes in this regard the 2022 Council agreement to broaden the scope of the tax measures under scrutiny when examining harmful tax practices within the EU;
2023/07/06
Committee: ECON
Amendment 239 #

2022/2146(INI)

Motion for a resolution
Paragraph 16
16. WelcomNotes the Commission’s plan to work on a BEFIT proposal, expected in the third quarter of 2023, with a view to designing a new and single EU corporate tax rulebook, based on a fair, comprehensive and effective formulary apportionment and a common tax base of income taxation for businesses, which will provide clarity and predictability for companies and the intention to provide clarity and predictability for companies, especially those operating cross-border; stresses that any such proposal must not over-step or undermine agreements reached or discussions ongoing at the global level; reiterates that agreements on corporate tax frameworks are most effective when reached at a global level;
2023/07/06
Committee: ECON
Amendment 241 #

2022/2146(INI)

Motion for a resolution
Paragraph 16
16. Welcomes the Commission’s plan to work on a BEFIT proposal, expected in the third quarter of 2023, with a view to designing a new and single EU corporate tax rulebook, based on a fair, comprehensive and effective formulary apportionment and a common tax base of income taxation for businesses, which wil. In this context, calls on the Commission to ensure that the new proposal provides clarity and predictability for companies;
2023/07/06
Committee: ECON
Amendment 249 #

2022/2146(INI)

Motion for a resolution
Paragraph 17
17. Reiterates its consideration that the BEFIT initiative should be supported by the political process in building political support for change, including consideration of next steps in the absence of such political support, and that the initiative shouldmust be accompanied by a thorough impact assessment;
2023/07/06
Committee: ECON
Amendment 256 #

2022/2146(INI)

Motion for a resolution
Paragraph 18
18. Takes note of the intended BEFIT objectives, as addressed in the Commission’s call for evidence for an impact assessment, to increase businesses’ resilience by reducing the complexity of tax rules and the compliance costs faced by EU businesses with cross-border operations, to remove obstacles to cross- border investment and make the single market a more attractive location for international investment, to create an environment conducive to fair and sustainable growth by paving the way for administrative simplification, and to provide sustainable tax revenue for the national budgets of the EU Member States, which is particularly important in the current challenging economic climate;
2023/07/06
Committee: ECON
Amendment 28 #

2022/2142(INI)

Draft opinion
Paragraph 3
3. Recalls that Article 48(7) of the Treaty on European Union provides for two general passerelle clauses that allow the decision-making procedures to be changed in order to adopt measures in Council through qualified majority voting (QMV) in areas that are currently subject to unanimity; regrets the fact that these passerelle clauses have never been used; recalls that activating the passerelle clauses would in any case require unanimity in the European Council and Parliament’s consent;
2023/01/25
Committee: ECON
Amendment 36 #

2022/2142(INI)

Draft opinion
Paragraph 4
4. Recommends using the two general passerelle clauses for selected Treaty articles concerning the EU’s competences in the area of taxation; recalls that the Commission communication of 15 January 2019 entitled ‘Towards a more efficient and democratic decision making in EU tax policy’ (COM(2019)0008) and the conclusions of the Conference on the Future of Europe both recommended moving from unanimity voting to QMV on tax matters.deleted
2023/01/25
Committee: ECON
Amendment 7 #

2022/2140(INI)

Draft opinion
Recital A a (new)
Aa. whereas any discrimination based on any ground such as sex, race, colour, ethnic or social origin, genetic features, language, religion or belief, political or any other opinion, membership of a national minority, property, birth, disability, age or sexual orientation are against the European Union's founding values;1a _________________ 1a Art. 21 EU Charter of Fundamental Rights
2023/02/16
Committee: TRAN
Amendment 18 #

2022/2140(INI)

Draft opinion
Recital B
B. whereas there is a lack of the reliable gender-disaggregated data needed to underpin policy initiatives and measures, monitoring progress and assessing the impact of targeted actions, in order to make the EU transport sector more inclusive and to ensure its accessibility to all user groups;
2023/02/16
Committee: TRAN
Amendment 21 #

2022/2140(INI)

Draft opinion
Recital B a (new)
Ba. whereas women represent only around 22% of the European transport workforce, well below their share in the overall economy;
2023/02/16
Committee: TRAN
Amendment 36 #

2022/2140(INI)

Draft opinion
Recital D a (new)
Da. whereas women should enjoy equal pay and equal opportunities with regard to career development and representation at all levels, including management and decision-making roles;
2023/02/16
Committee: TRAN
Amendment 65 #

2022/2140(INI)

Draft opinion
Paragraph 1
1. Considers that the Commission, Member States and regional and local authorities should collect data and establish key indicators, such as gender-sensitive statistics and age-related data, in order to identify and overcome barriers for women in transport and to contribute to public transport design and policy initiatives related to transport workers; recalls that EU policy-making in the field of transport should be based on reliable, accessible and detailed data, together with impact assessments, so as to help design better EU policies;
2023/02/16
Committee: TRAN
Amendment 67 #

2022/2140(INI)

Draft opinion
Paragraph 1 a (new)
1a. Notes that the results of the ‘Women and Transport’ study1b showed a lack of gender-disaggregated data and other criteria such as age and disability; therefore, calls on the Commission to assess whether to include gender data sharing amongst transport actors in the Common European Data Space in order to address data gaps in transport and to inform policy making; _________________ 1b https://www.europarl.europa.eu/thinktank /en/document/IPOL_STU(2021)701004
2023/02/16
Committee: TRAN
Amendment 85 #

2022/2140(INI)

Draft opinion
Paragraph 2
2. CStresses that any form of discrimination, harassment, bullying, intimidation or violence in the workplace must be eliminated; therefore, calls on the Commission to consider gender-related provisions in all relevant legislation, in order to ensure a safe working environment for women in all transport modes, as well as any necessary preventive and dissuasive measures (e.g. safe and secure parking areas); calls, furthermore, on the Commission to promote measures for emergency situations, such as camera surveillance systems and emergency call buttons in places where they are needed, such as unattended charging stations, enabling an immediate connection to local emergency services, as recently envisaged in the proposal for a new Alternative Fuels Infrastructure Regulation3 ; _________________ 3 Proposal for a Regulation of the European Parliament and of the Council on the deployment of alternative fuels infrastructure, and repealing Directive 2014/94/EU of the European Parliament and of the Council (COM(2021)0559).
2023/02/16
Committee: TRAN
Amendment 98 #

2022/2140(INI)

Draft opinion
Paragraph 3
3. Calls on the Council and all Member States to promote initiatives to prevent all kinds of discrimination, as well as to promote measures ensuring safe and secure workplaces, including awareness campaigns and trainings aimed at preventing violence and harassment in all transport-related workplaces.
2023/02/16
Committee: TRAN
Amendment 101 #

2022/2140(INI)

Draft opinion
Paragraph 3 a (new)
3a. Considers that the labour shortages in transport can offer opportunities for women, which requires to eliminate barriers to female employment and increased awareness by employers of the existence and implications of these barriers; stresses that company-based measures should be supported by broader institutional and societal efforts in order to drive the necessary changes and to increase female employment in the transport sector as well as technical expertise such as science, technology, engineering and mathematics; stresses in this regard that stereotypes should be eliminated from an early age through education, expanding their career opportunities; therefore, calls on the Commission to engage European and national stakeholders in discussing relevant issues at the EU level and in Member States;
2023/02/16
Committee: TRAN
Amendment 109 #

2022/2140(INI)

Draft opinion
Paragraph 3 b (new)
3b. Considers that women are traditionally underrepresented in technical education and expertise such as science, technology, engineering and mathematics, which are key for the development of mobility and the transport sector; stresses that Horizon Europe contributes to the European Green Deal through research and innovation; therefore, calls on the Commission to promote and support gender-sensitive projects and to identify female role models;
2023/02/16
Committee: TRAN
Amendment 114 #

2022/2140(INI)

Draft opinion
Paragraph 3 c (new)
3c. Notes that Eurostat found that in 2018, the employment rate for women aged between 20-64 in the EU stood at 67%, and compared to the European transport workforce that number is even lower (22%); notes in this regard that of employed women in the EU, one-third was working part time (30%), which is nearly four times the rate for men (8%)[1]; calls therefore on Member States to promote and support full time jobs for women, possibly by way of policy incentives such as accessible child care; [1] https://ec.europa.eu/eurostat/web/product s-eurostat-news/-/EDN-20200306-1
2023/02/16
Committee: TRAN
Amendment 119 #

2022/2140(INI)

Draft opinion
Paragraph 3 d (new)
3d. Notes that women represent roughly 52% of the overall population in Europe, but constitute 34.4% of the self- employed and 30% of start-up entrepreneurs1c; calls on the Commission and Member States to promote the role of women in business and female entrepreneurship in the transport sector by supporting networking and training opportunities and mentoring programmes; _________________ 1c https://www.eib.org/attachments/thematic/ why_are_women_entrepreneurs_missing_ out_on_funding_en.pdf, p. 12
2023/02/16
Committee: TRAN
Amendment 122 #

2022/2140(INI)

Draft opinion
Paragraph 3 e (new)
3e. Notes public transport is often more used by women than by men; notes furthermore, that women often declare that they do not feel safe when using public transport, especially during the dark hours of the day and in isolated neighbourhoods; calls on the Commission and Member States to come up with national plans against sexual harassment on public transport1d and provide guidance to stakeholders with the use of toolkits, possibility in cooperation with the Women in Transport Platform; _________________ 1d Commission research Women in Transport: ‘In 2015, the French Government presented the first national plan of action for fighting sexual harassment on public transport systems. All actors were involved in the discussion of the plan. It included training for professionals to deal with sexual harassment and sexual violence and innovation in the organisation of the public transport system. A national awareness-raising campaign was organised on equality and sexuality, ensuring a better application of the law and the necessary human and financial resources to implement the national action plan.’ https://www.haut-conseil- egalite.gouv.fr/violences-de- genre/actualites/article/avis-du-hcefh- relatif-au
2023/02/16
Committee: TRAN
Amendment 126 #

2022/2140(INI)

Draft opinion
Paragraph 3 f (new)
3f. Notes that unattended petrol stations and charging station pools without staff could be stationed in remote areas where women could feel unsafe; therefore, calls on the Commission to promote measures for emergency situations, such as camera surveillance systems and an emergency call button in relevant places allowing for the immediate correspondence with local emergency services, as recently included in the Alternative Fuels Infrastructure Regulation;1e _________________ 1e https://www.europarl.europa.eu/doceo/doc ument/A-9-2022-0234_EN.html
2023/02/16
Committee: TRAN
Amendment 2 #

2022/2062(INI)

Motion for a resolution
Citation 1 a (new)
— having regard to Articles 2 and 3 of the Treaty on European Union,
2023/03/29
Committee: ECON
Amendment 21 #

2022/2062(INI)

Motion for a resolution
Recital C a (new)
C a. whereas the EIB eligibility list currently excludes equipment and infrastructure for military use; whereas investments for dual use are not excluded1a; _________________ 1a https://www.eib.org/en/publications/eib- eligibility-excluded-activities-and- excluded-sectors-list
2023/03/29
Committee: ECON
Amendment 39 #

2022/2062(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Emphasises the importance of adherence to the rule of law in the European Union, as enshrined in the EU Treaty; invites the EIB to align its activities with the Rule of Law conditionality mechanism;
2023/03/29
Committee: ECON
Amendment 54 #

2022/2062(INI)

Motion for a resolution
Paragraph 10 a (new)
10 a. Welcomes the EIB Strategic European Security Initiative (SESI), which will make available up to 6 billion euros by 2027 for dual-use research, RDI, civilian security infrastructure and cutting-edge technology projects;
2023/03/29
Committee: ECON
Amendment 58 #

2022/2062(INI)

Motion for a resolution
Paragraph 10 b (new)
10 b. Invites the EIB to expand the SESI program and step up its investments in European security and defence further, including in the area of military mobility; considers that the dual-use criterion currently impedes making the necessary investments;
2023/03/29
Committee: ECON
Amendment 59 #

2022/2062(INI)

Motion for a resolution
Paragraph 10 c (new)
10 c. Regrets the exclusion of ammunition, weapons, equipment and infrastructure for military use from the list of eligible investments, given that investment in these areas is critical in order to sustain European security; considers that any military product is not unethical in and of itself and that its use should always be aligned with international law; calls on the EIB to include investments in defence products and activities in its eligibility list;
2023/03/29
Committee: ECON
Amendment 67 #

2022/2062(INI)

Motion for a resolution
Paragraph 14
14. Welcomes the fact that in 2022, the EIB provided financing amounting to a total investment of EUR 16.35 billion for SMEs and mid-caps; calls on the EIB to reflect on ways to facilitate its support to SME's further, especially for smaller financing projects;
2023/03/29
Committee: ECON
Amendment 95 #

2022/2062(INI)

Motion for a resolution
Paragraph 21 a (new)
21 a. Emphasises the importance of investing in low carbon energy sources such as hydrogen, CCS and nuclear energy; welcomes in this regard the EIB's contribution to REPowerEU in the form of an additional 30 billion euros in investments; highlights that nuclear energy is free of CO2 emissions and taxonomy-aligned; welcomes in this regard the EIB's activities in this field and encourages the bank to step up its efforts;
2023/03/29
Committee: ECON
Amendment 101 #

2022/2062(INI)

Motion for a resolution
Paragraph 23
23. Welcomes the introduction of the EIB’s new transport lending policy in July 2022 and calls for its swift implementation; calls on the EIB to finance all projects that align with the EU Taxonomy, as well as other projects that aim to lower the carbon footprint of the maritime sector, such as Green Corridor projects;
2023/03/29
Committee: ECON
Amendment 115 #

2022/2062(INI)

Motion for a resolution
Paragraph 24
24. Welcomes the fact that EIB Global supported EUR 9.1 billion in global investment outside the EU in 2022; expects EIB investments in non-EU countries to be fully aligned with EU and EU external action policies and objectives;
2023/03/29
Committee: ECON
Amendment 117 #

2022/2062(INI)

Motion for a resolution
Paragraph 24 a (new)
24 a. Considers that the EIB should contribute to the EU’s objective of enhancing its strategic autonomy; welcomes in this regard the launch of the Global Gateway Fund, which will principally support investments in infrastructure and SME's;
2023/03/29
Committee: ECON
Amendment 120 #

2022/2061(INI)

Motion for a resolution
Paragraph 4
4. NotWelcomes that the ECB has decided to raise its main interest rates from 0 % to 2 % for the main refinancing operation rate;
2023/02/20
Committee: ECON
Amendment 271 #

2022/2061(INI)

Motion for a resolution
Paragraph 21
21. Calls on the Commission to put forward an ambitious and comprehensive review of the crisis management and deposit insurance framework; recalls that protecting taxpayer money is one of the main objectives of the resolution framework and that losses should primarily be borne by shareholders and creditors;
2023/02/20
Committee: ECON
Amendment 281 #

2022/2061(INI)

Motion for a resolution
Paragraph 23
23. Regrets that the BU is still incomplete owing to the absence of an EDIS; recognises that the EDIS would improve protection for depositors in the EU; recall; considers that bothe EDIS is the most tangible element of the BU for EU citizens; considers that the EDIS wand CMDI could provide an additional safeguard to host Member States and could therefore contribute to addressing home/host issues;
2023/02/20
Committee: ECON
Amendment 297 #

2022/2061(INI)

Motion for a resolution
Paragraph 24 a (new)
24 a. Considers that prudent risk management requires proper regulatory treatment of sovereign exposure; highlights in this regard that capital requirements must reflect the actual risk borne by banks in the market;
2023/02/20
Committee: ECON
Amendment 299 #

2022/2061(INI)

Motion for a resolution
Paragraph 24 b (new)
24 b. Recognises risk reduction as a precondition for the establishment of risk- sharing mechanisms such as EDIS;
2023/02/20
Committee: ECON
Amendment 101 #

2022/2060(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Reiterates that the EU’s response to the Inflation Reduction Act cannot solely be built on State aid, and should instead be focused on creating a predictable and simplified regulatory framework as well as a business-friendly environment, in particular by reducing the administrative burden for companies; believes that competition policy plays a crucial role in creating such an environment and in maintaining a level playing field within the internal market, which is a driver for competitiveness and innovation;
2023/03/07
Committee: ECON
Amendment 23 #

2022/2051(INL)

Draft opinion
Paragraph 2
2. Supports an economic governance framework that ensures stability, full employment, strategic and sustainable investments, democratic accountability and ownership, and fiscal policies and instrumentthat allow the member states to counteract shocks;
2022/11/11
Committee: ECON
Amendment 31 #

2022/2051(INL)

Draft opinion
Paragraph 3
3. Calls for the economic governance to be redesigned taking into account lessons learned from the NGEU and SURE processes;deleted
2022/11/11
Committee: ECON
Amendment 56 #

2022/2051(INL)

Draft opinion
Paragraph 4
4. Urges that the framework of the ECB’s accountability to Parliament be improved; Calls for a more comprehensive definistricter orientation ofat the price stability and the ways to achieve mary objective namely the price stability;
2022/11/11
Committee: ECON
Amendment 77 #

2022/2051(INL)

Draft opinion
Paragraph 5
5. Underlines the numerous impediments to essential EU tax initiatives over the past decades; calls for gradual change that would allow QMV in certain tax questions;
2022/11/11
Committee: ECON
Amendment 91 #

2022/2051(INL)

Draft opinion
Paragraph 6
6. Highlights the new challenges for Union’s competition policy, which require that the Treaty be amended to align it with the goals of the Green Deal and the pillar of social rights and supp through large international digital corporations; highlights the positive effects that SMEs have on the economy and society, and the necessity to have a level playing field fort the Union´s strategic autonomy in key sectorm; underlines the difficulties that overregulation brings especially for SMEs;
2022/11/11
Committee: ECON
Amendment 10 #

2022/2037(INI)

Motion for a resolution
Citation 10
— having regard to Articles 123(1), 125, 127(1) and (2), 130, 282(2) and 284(3) of the Treaty on the Functioning of the European Union,
2022/10/14
Committee: ECON
Amendment 34 #

2022/2037(INI)

Motion for a resolution
Recital C a (new)
C a. whereas the primary objective of the ECB is to maintain price stability, which it has defined as 2% inflation over the medium term;
2022/10/14
Committee: ECON
Amendment 37 #

2022/2037(INI)

Motion for a resolution
Recital C b (new)
C b. whereas the ECB is politically independent, so that neither EU institutions and agencies, nor governments of the Members States, shall seek to influence the ECB;
2022/10/14
Committee: ECON
Amendment 60 #

2022/2037(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Expresses its deep concern about the historically high and increasing levels of inflation throughout the eurozone; recalls that the ECB is the institution responsible for maintaining price stability;
2022/10/14
Committee: ECON
Amendment 64 #

2022/2037(INI)

Motion for a resolution
Paragraph 2
2. Highlights that the statutory independence of the ECB, as laid down in the Treaties, is a prerequisite for it to fulfil its mandate; stresses that this independence must remain untouched at all times; emphasises that this independence requires the ECB to refrain from taking political decisions;
2022/10/14
Committee: ECON
Amendment 70 #

2022/2037(INI)

Motion for a resolution
Paragraph 3
3. Welcomes the Republic of Croatia as the 20th member country of the euro area; stresses that participation in the monetary union comes with the responsibilities enshrined in the Stability and Growth Pact;
2022/10/14
Committee: ECON
Amendment 93 #

2022/2037(INI)

Motion for a resolution
Paragraph 5
5. WelcomNotes President Lagarde’s statement that the current geopolitical crisis requires us to progress on EU fiscal integration; recalls that the Economic and Monetary Union cannot function smoothly without a fiscal capacity at European levelrequires solid fiscal policies in Member States in order to be able to respond to external shocks;
2022/10/14
Committee: ECON
Amendment 101 #

2022/2037(INI)

Motion for a resolution
Paragraph 6
6. Echoes President Lagarde’s call for a swift revision and simplification of the Stability and Growth Pact;deleted
2022/10/14
Committee: ECON
Amendment 122 #

2022/2037(INI)

Motion for a resolution
Paragraph 8
8. Takes note ofWelcomes recent ECB monetary policy decisions to raise rates by 50 and 75 basis points in July and September 2022; is concerned about the implications of such policy decisions for growth and employment; notes that inflation is currently much higher than the ECB’s target rate of 2%; encourages the ECB to take all measures necessary to bring inflation back to its target level; regrets in this regard that monetary policy is still accommodative;
2022/10/14
Committee: ECON
Amendment 141 #

2022/2037(INI)

Motion for a resolution
Paragraph 9
9. Observes that there is little evidence that rising inflation is spurring a wage-price spiral, not least given the extent of wage restraint in recent years; warns against the danger of a wage-price spiral if wages are to increase significantly;
2022/10/14
Committee: ECON
Amendment 159 #

2022/2037(INI)

Motion for a resolution
Paragraph 11
11. WelcomeRegrets the ECB’s decision not to engage in quantitative tightening; stresses that quantitative easing amounts economically to monetary financing, which is prohibited by article 123(1) TFEU, if the ECB does not shrink back its balance sheet;
2022/10/14
Committee: ECON
Amendment 170 #

2022/2037(INI)

Motion for a resolution
Paragraph 12
12. Stresses that an even transmission of monetary policy is vital to the achievement of the ECB’s price stability mandate; notes the ECB’s decision on 15 June 2022 to apply flexibility in reinvesting redemptions that are due under the pandemic emergency purchase programme; welcomes the launch of the Transmission Protection Instrument to support the effective transmission of monetary policy across the euro area;
2022/10/14
Committee: ECON
Amendment 177 #

2022/2037(INI)

Motion for a resolution
Paragraph 12 a (new)
12 a. Regrets the launch of the Transmission Protection Instrument; calls on the ECB to respect the spirit of the prohibition of monetary financing; calls on the ECB to respect the capital key when executing its monetary operations in order to prevent uneven financial support to Member States;
2022/10/14
Committee: ECON
Amendment 180 #

2022/2037(INI)

Motion for a resolution
Paragraph 12 b (new)
12 b. Stresses that diverging interest rates in the eurozone are the result of increasing risk premia on government bonds in some Member States; stresses that the Transmission Protection Instrument would merely conceal the symptoms of loose fiscal policy; calls on Member States to conduct fiscally responsible fiscal policies and reduce their debt to sustainable levels;
2022/10/14
Committee: ECON
Amendment 198 #

2022/2037(INI)

Motion for a resolution
Paragraph 14
14. Recalls that the Treaty on the Functioning of the European Union requiresstates that the ECB toshall support the general economic policies of the Union, without prejudice to its primary objective of maintaining price stability;
2022/10/14
Committee: ECON
Amendment 204 #

2022/2037(INI)

Motion for a resolution
Paragraph 15
15. Calls on the ECB to coordinate with the European Parliament to specify the secondary objectives; suggests taking advantage of this resolution to specify and prioritise the policy areas where the ECB is expected to deliver on its secondary objectives;deleted
2022/10/14
Committee: ECON
Amendment 218 #

2022/2037(INI)

Motion for a resolution
Paragraph 16
16. Considers high levels of sustainable growth and investment to be key economic goals; calls on the ECB to consider how its monetary policy stance will impact thostresses that these objectives are best achieved when the free market operates in a stable macroeconomic environment based objectin predictable price levels;
2022/10/14
Committee: ECON
Amendment 233 #

2022/2037(INI)

Motion for a resolution
Paragraph 18
18. Reaffirms that achieving the Union’s climate goals and ensuring a just transition are one of the top priorities of the EU’s general economic policies, which the ECB is expected to support through maintaining price stability and a stable macroeconomic environment that stimulates investment in clean technologies, as well as preventing distortions in the signalling function of prices that ensures an efficient allocation of resources;
2022/10/14
Committee: ECON
Amendment 237 #

2022/2037(INI)

Motion for a resolution
Paragraph 19
19. Considers that the ECB should contribute to reducing inequality; calls on the ECB to ensure that the costs of its monetary policy operations are not disproportionately borne by lower income strata; invites the ECB to assess the effects of italls on the ECB to refrain from taking politically motivated decisions and stick to its mandate of maintaining price stability; stresses that overstepping this mandate touches monetary policy decisions on employment the political independence of the central bank;
2022/10/14
Committee: ECON
Amendment 246 #

2022/2037(INI)

Motion for a resolution
Paragraph 20
20. Stresses that addressing the climate emergency and the euro area’s dependence on fossil fuels touches not only upon the ECB’s secondary mandate, but also its primary mandate, given the serious threat these issues pose tothe best way the ECB can contribute to mitigating climate change is to ensure price stability and a stable macroeconomic environment that encourages green investment; invites the ECB to assess to what extent climate change affects its ability to maintain price stability;
2022/10/14
Committee: ECON
Amendment 256 #

2022/2037(INI)

Motion for a resolution
Paragraph 21
21. WelcomNotes the Governing Council’s decision to take further steps to include climate change considerations in the Eurosystem’s monetary policy framework;
2022/10/14
Committee: ECON
Amendment 263 #

2022/2037(INI)

Motion for a resolution
Paragraph 22
22. WelcomNotes the ECB’s announcement to decarbonise its corporate bond holdings; calls for the ‘tilting’ of the ECB’s portfolio to be swift rather than gradual; stresses that the ECB’s asset purchasing programs constitute unconventional monetary policy which should be employed during unprecedented economic circumstances only; stresses furthermore that these holdings are a by-product of the past fight against low inflation and that making investments does not constitute an objective of monetary policy;
2022/10/14
Committee: ECON
Amendment 270 #

2022/2037(INI)

Motion for a resolution
Paragraph 23
23. WelcomNotes, furthermore, the 23. announcement on the greening of the ECB’s collateral framework; regrets, however, that this will be limited to instruments issued by non-financial corporations, which represent only a small fraction of the instruments that banks pledge as collateralinsist that the ECB respects the market neutrality principle;
2022/10/14
Committee: ECON
Amendment 278 #

2022/2037(INI)

Motion for a resolution
Paragraph 24
24. RegretNotes that the climate roadmap does not include greening of the ECB’s targeted long-term refinancing operations; stresses that providing cheap liquidity to financial institutions investing in brown activities works against the fight against inflation and is not consistent with the objectives of the Paris Agreementits independence requires refraining from taking political decisions such as diverging from the market neutrality principle; notes, furthermore, that the concept of market neutrality is related to the principle of an open market economy with free competition;
2022/10/14
Committee: ECON
Amendment 288 #

2022/2037(INI)

Motion for a resolution
Paragraph 25
25. Is concerned about the implications of higher interest rates for green investments; calls on the ECB to assess the possibility of applying differentiated rates to support green investments and disincentivise brown investments;
2022/10/14
Committee: ECON
Amendment 302 #

2022/2037(INI)

Motion for a resolution
Paragraph 26
26. Welcomes the ECB climate risk stress test aimed at assessing the climate risk preparedness of the European banking sector; is concerned that the results published on 8 July 2022 show that banks do not have robust climate risk stress- testing frameworks and lack the relevant data; calls on the ECB to use all its available tools to ensure that banks take climate risk seriously in order to mitigate the financial risks resulting from climate change;
2022/10/14
Committee: ECON
Amendment 327 #

2022/2037(INI)

Motion for a resolution
Paragraph 31
31. Welcomes the ECB’s progress on the digital euro project, as well as the dialogue with Parliament in this regard; looks forward to the Governing Council reaching a decision on launching the digital euro; highlights the expected benefits such as efficiency gains and increased financial inclusion;
2022/10/14
Committee: ECON
Amendment 331 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Calls on the ECB to take duly into account privacy concerns around the digital euro and stresses that its development should be in line with EU privacy standards;
2022/10/14
Committee: ECON
Amendment 334 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 b (new)
31 b. Warns against the increased ability for the ECB to impose negative interest rates on digital euro accounts held at the central bank; insists that the digital euro will serve as complementary to physical cash and that it should not replace cash entirely;
2022/10/14
Committee: ECON
Amendment 340 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 c (new)
31 c. Strongly regrets the ECB’s decision to involve Amazon in testing prototype interfaces for a digital euro; stresses that Amazon is a potential competitor in this field and that it should therefore not be placed in such a position, especially since Amazon does not receive any monetary compensation for this assignment; stresses furthermore that outsourcing the digital euro infrastructure to a US tech company weakens the EU's strategic autonomy;
2022/10/14
Committee: ECON
Amendment 341 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 d (new)
31 d. Welcomes the ECB’s achievement to lower its carbon emissions by 10.7% between 2020 and 2021; encourages the ECB to continue its steps to reduce its carbon emissions further by 46.2% (relative to 2019 levels) by 2030;
2022/10/14
Committee: ECON
Amendment 342 #

2022/2037(INI)

Motion for a resolution
Paragraph 31 e (new)
31 e. Supports the aim of the ECB to increase female representation by encouraging women to advance in this field; therefore welcomes initiatives such as the ECB Women in Economics Scholarship;
2022/10/14
Committee: ECON
Amendment 35 #

2022/2008(INI)

Draft opinion
Paragraph 1 a (new)
1a. Believes that the strategy should further enhance the integrity of the single market with regards to tourism and transport sectors; Considers essential to interlink the industrial strategy with further deepening and strengthening of the single market and calls therefore for full implementation of the Services Directive which is instrumental also for areas such as transport and tourism; Calls on the new industrial strategy for Europe to be aligned with related political ambitions such as the European Green Deal, digitalization, and improving multimodality; Believes that Europe must now become the accelerator and enable the change and innovation and that the industrial policy we provide must help to make this ambition a reality;
2022/04/07
Committee: TRAN
Amendment 54 #

2022/2008(INI)

Draft opinion
Paragraph 3
3. Calls on the Commission to support SMEs and micro-businesses (including artisans) in the tourism sector, by fostering innovative initiatives, simplifying bureaucracy and encouraging education and training (mainly on new digital skills), to stimulate new tourism offerings in terms of destinations and experiences. Emphasises the need to lower significantly the administrative burden on SMEs and to make the EU regulatory framework better adapted to this end; invites the Commission and the Member States to further include and support measures enhancing the digitalisation;
2022/04/07
Committee: TRAN
Amendment 63 #

2022/2008(INI)

Draft opinion
Paragraph 3 a (new)
3a. Recalls that the digital transition is one of the key horizontal EU priorities, which will help to boost competitiveness of the EU business in transport and tourism sectors and further strengthen their resilience to economic or other type of crisis;
2022/04/07
Committee: TRAN
Amendment 64 #

2022/2008(INI)

Draft opinion
Paragraph 3 b (new)
3b. Believes that the strategy should further provide socio-economic prosperity and new job opportunities; Stresses that Europe needs to make full use of its capacities, to encourage manufacturing in key sectors and support upskilling of workers in those fields where jobs are likely to be obsolete due to the transition;
2022/04/07
Committee: TRAN
Amendment 85 #

2022/2008(INI)

Draft opinion
Paragraph 4 a (new)
4a. Supports broader automation in the transport sector with the aim to make it more efficient, sustainable and competitive;
2022/04/07
Committee: TRAN
Amendment 86 #

2022/2008(INI)

Draft opinion
Paragraph 4 b (new)
4b. Calls on the Commission to support the uptake of zero-emission vehicles, encourage using sustainable alternative solutions available to the public and businesses, supporting digitalisation and automation improving connectivity and access in the context of the Sustainable and Smart Mobility Strategy, and to reduce greenhouse gas emissions by encouraging the use of low and zero - emission means of transport;
2022/04/07
Committee: TRAN
Amendment 88 #

2022/2008(INI)

Draft opinion
Paragraph 4 c (new)
4c. Believes that the green and digital transition are essential to safeguard the automotive sector's competitiveness and calls on the Commission to pursue the ambition to make Europe a global leader in sustainable mobility, by supporting incentives such as battery production;
2022/04/07
Committee: TRAN
Amendment 89 #

2022/2008(INI)

Draft opinion
Paragraph 4 d (new)
4d. Supports developing shared mobility adapted to each place individually and contribute to the growth of currently known forms of shared mobility, such as car sharing, scooter or bike sharing but will also initiate new ways of transport business models and the development of digitalization;
2022/04/07
Committee: TRAN
Amendment 90 #

2022/2008(INI)

4e. Recalls the need for comprehensive smart tourism strategies for remote regions and the need to stimulate new tourism opportunities;
2022/04/07
Committee: TRAN
Amendment 95 #

2022/2008(INI)

Draft opinion
Paragraph 5
5. Calls on the Commission to facilitate multimodal journey planning and ticketingsimplify ticketing procedures through digital services while better regulating the activity of online booking platforms and booking platform intermediaries; calls for the EU framework for short-term rentals to be strengthened and for new policies to be implemented with a view to enhancing transparency;
2022/04/07
Committee: TRAN
Amendment 101 #

2022/2008(INI)

Draft opinion
Paragraph 5 a (new)
5a. Supports broader innovative initiatives and encourage education in digital skills;
2022/04/07
Committee: TRAN
Amendment 45 #

2022/2006(INI)

Motion for a resolution
Recital F
F. whereas the post-pandemic economic recovery requires the fast and efficient implementation of the temporary Recovery and Resilience Facility (RRF); whereas all recovery and resilience plans should address each of the six pillars and the general and specific objectives of the RRF Regulation and respect its horizontal principles;
2022/01/20
Committee: ECON
Amendment 49 #

2022/2006(INI)

Motion for a resolution
Recital F a (new)
Fa. whereas the RRF Regulation stipulates that the debt issued to finance the Recovery and Resilience Fund is to be repaid by 2058, in a manner that ensures the steady and predictable reduction of liabilities;
2022/01/20
Committee: ECON
Amendment 59 #

2022/2006(INI)

Motion for a resolution
Paragraph 1
1. Notes that the European economy is recovering faster than expected from the devastating impact of the global pandemic; underlines the crucial importance that timely policy interventions have played and will continue to play in mitigating the impact of the pandemic on the European economy; recalls fiscal consolidation and a sound and sane economy for future investments as the underlying reason behind establishing the RRF;
2022/01/20
Committee: ECON
Amendment 85 #

2022/2006(INI)

Motion for a resolution
Paragraph 4
4. Recognises that the crisis triggered by the COVID-19 pandemic has been especially severe for enterprises, mostly small and medium-sized enterprises (SMEs), in tourism, hospitality and culture; recognises the notion of European solidarity underpinning the establishment of the RRFthis must be taken into account by the Member States while spending the funds to truly alleviate the impact on citizens of the pandemic-induced economic crisis;
2022/01/20
Committee: ECON
Amendment 100 #

2022/2006(INI)

Motion for a resolution
Paragraph 5
5. Points out that not only the successful roll- out of the RRF will help to make EU economies and societies more sustainable, inclusive, resilient and better prepared for the green and digital transitions; but also an efficient and transparent monitoring of the national plans which ensures that funds are used to modernise member state economies;
2022/01/20
Committee: ECON
Amendment 112 #

2022/2006(INI)

Motion for a resolution
Paragraph 6
6. Notes that the general escape clause of the Stability and Growth Pact will continue to be applied in 2022 and iappreciates its expected to be deactivated as of 2023ion in 2023 the latest;
2022/01/20
Committee: ECON
Amendment 125 #

2022/2006(INI)

Motion for a resolution
Paragraph 7
7. Believes that the review of the EU’s economic governance framework is necessary; agrees with the European Fiscal Board on the importance of having a clear pathway towards a reviewed fiscal framework, preferably prior to the deactivation of the general escape clause however this must not be a condition for its deactivation;
2022/01/20
Committee: ECON
Amendment 128 #

2022/2006(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Calls on the commission to make its indicator for fiscal sustainability ("S2"), a binding component of the assessment of national budgets within the framework of the Stability and Growth Pact;
2022/01/20
Committee: ECON
Amendment 130 #

2022/2006(INI)

Motion for a resolution
Paragraph 7 b (new)
7b. Calls on the Commission to ensure compliance of the Member States with the rules of the fiscal pact and make it a condition for accessing cohesion funds;
2022/01/20
Committee: ECON
Amendment 131 #

2022/2006(INI)

Motion for a resolution
Paragraph 7 c (new)
7c. Suggests automatic sanctions against member states that persistently violate the principles of public budget management, including non-financial sanctions, such as the suspension of the right to vote in the Council of Economics and Finance Ministers;
2022/01/20
Committee: ECON
Amendment 132 #

2022/2006(INI)

Motion for a resolution
Paragraph 8
8. Is convinced that the coordination of national fiscal policies remains crucial in underpinning the recovery; notes that the overall fiscal stance, taking into account national budgets and the RRF, is projected to remain supportive in 2022 to sustain the recovery; stresses that the amount of fiscal stimulus should depend on the rates of unemployment and inflation, taking duly into account that national debt levels must remain sustainable at any point in time; highlights in this regard that excessive and unsustainable debt levels were the primary cause of the European debt crisis; agrees with the Commission that Member States with low or medium levels of debt should pursue or maintain a supportive fiscal stance, and that Member States with high levels of debt should use the RRF to finance additional investment to support the recovery, while pursuing a prudent fiscal policy; agrees with the Commission that all Member States should preserve or broadly preserve their national financed investmentis concerned however that continued fiscal stimulus is unfolding an increasingly inflationary environment, exacerbating the forces at play; expresses its deep concern that increasing levels of inflation have a disproportionate impact on low and fixed incomes, erode savings and disturb the crucial price signalling function that market prices perform in ensuring an efficient allocation of economic resources, potentially leading to macroeconomic instability;
2022/01/20
Committee: ECON
Amendment 146 #

2022/2006(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Reiterates its stance that a proper and credible economic governance framework is a necessary requirement for sustainable fiscal policies, debt and deficit trajectories ensuring credible paths of debt reduction; stresses the importance of a sustainable debt level for the real economy;
2022/01/20
Committee: ECON
Amendment 166 #

2022/2006(INI)

Motion for a resolution
Paragraph 9
9. Considers that it is crucial to coordinate national reform and investment efforts and the exchange of best practices in order to increase the convergence and resilience of our economies, promote sustainable and inclusive growth through new elements, and improve institutional frameworks and interinsitutional relations;
2022/01/20
Committee: ECON
Amendment 187 #

2022/2006(INI)

Motion for a resolution
Paragraph 10
10. Highlights that the RRF presents an unprecedented and unique opportunity for all Member States to address key structural challenges and investment needs and insists that all recovery and resilience plans address all requirements of the RRF Regulation, in particular its future-oriented concept including sustainability in the six pillars; highlights the interplay between the European Semester and the RRF; calls on the Member States to make the most of this opportunity and to use it to transform their economies and make them sustainable, more competitive and more resilient to future shocks; highlights the role of the European Parliament in the implementation of the RRF, as enshrined in the RRF Regulation;
2022/01/20
Committee: ECON
Amendment 195 #

2022/2006(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Recalls that Member States, in their recovery and resilience plans, are required to effectively address all challenges identified in the relevant CSRs, including the fiscal aspects thereof; encourages the European Commission to make sure that this requirement is adhered to when scrutinising the RRPs and their implementation;
2022/01/20
Committee: ECON
Amendment 200 #

2022/2006(INI)

Motion for a resolution
Paragraph 10 b (new)
10b. Asks the Commission to thoroughly assess the arrangements proposed by the Member States to prevent, detect and correct corruption, fraud and conflicts of interest when using the funds provided under the RRF and to give a particular attention in this context that the national plans include all necessary reforms, together with relevant milestones and targets, in particular related to the relevant CSRs, where appropriate;
2022/01/20
Committee: ECON
Amendment 202 #

2022/2006(INI)

Motion for a resolution
Paragraph 10 c (new)
10c. urges the Commission to monitor very carefully the risks to EU financial interests in the implementation of the RRF of any breach or potential breach of the principles of the rule of law, with a detailed and in particular attention to public procurement; expects the Commission not to proceed with any payments under the RRF if milestones linked to measures to prevent, detect and correct corruption, fraud and conflicts of interest when using the funds provided under the RFF are not met;
2022/01/20
Committee: ECON
Amendment 226 #

2022/2006(INI)

Motion for a resolution
Paragraph 13
13. Is concerned that the Commission identified macroeconomic vulnerabilities related to imbalances and excessive imbalances in 12 Member States; is worried that the nature and source of Member States’ imbalances remain largely the same as before the pandemic and that the pandemic could also be exacerbating imbalances and economic divergences; highlights in this regards again the importance of a general compliance with the fiscal rules to either maintain or achieve a fiscal sustainability and consolidation; calls on the Member States to take advantage of the unprecedented opportunity provided by the RRF to significantly reduce existing macroeconomic imbalances, in particular by including ambitious reform measures in the national plans of all Member States; stresses that sound execution and close monitoring is essential to make full use of this opportunity;
2022/01/20
Committee: ECON
Amendment 244 #

2022/2006(INI)

Motion for a resolution
Paragraph 14
14. Recognises the importance of the macroeconomic imbalance procedure in identifying, preventing and addressing macroeconomic imbalances in the EU; highlights that continuous monitoring and, vigilance and sanctions as a measure of last resort will be needed and that Member States should address emerging imbalances through reforms that enhance economic and social resilience and promote the digital transformation and green and just transitions;
2022/01/20
Committee: ECON
Amendment 255 #

2022/0403(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4
[...]deleted
2023/07/07
Committee: ECON
Amendment 98 #

2022/0164(COD)

Proposal for a regulation
Recital 16
(16) While extending the current intake rate of allowances to the Market Stability Reserve is needed to prevent in long term a significant increase of the surplus of allowances in the greenhouse gas emission allowance trading within the Union, the current economical and geopolitical situation requires the Union to mobilise available resources to rapidly diversify Union’s energy supply and reduce dependence on fossil fuels before 2030. In this context, Decision (EU) 2015/1814 of the European Parliament and of the Council4 and Directive 2003/87/EC of the European Parliament and of the Council5 should be amended to extend the doubling of the 24% intake rate of the Market Stability Reserve until 2030, while allowing for an exceptional release and monetisation of a portion of allowances from the Market Stability Reserve and directing revenues towards reforms and investments contributing to REPowerEU objectives, in the Recovery and Resilience Facility framework. __________________ 4 Decision (EU) 2015/1814 of the European Parliament and of the Council of 6 October 2015 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 264/1 5 Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/ECdeleted
2022/09/29
Committee: BUDGECON
Amendment 115 #

2022/0164(COD)

Proposal for a regulation
Recital 20
(20) A request for a dedicated funding for REPowerEU measures, including allocation from the Market Stability Reserve, transfers from the funds governed by Regulation (EU) 2021/1060 and allocated from European Agricultural Fund for Rural Development, submitted in a plan, should be justified by a higher financial need linked to additional reforms and investments included in the REPowerEU chapter.
2022/09/29
Committee: BUDGECON
Amendment 134 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point b
Regulation (EU) 2021/241
Article 14 – paragraph 4
4. The loan support to the recovery and resilience plan of the Member State concerned shall not be higher than the difference between the total costs of the recovery and resilience plan, as revised where relevant, and the maximum financial contribution referred to in Article 11, including, where relevant, the revenue referred to in Article 21a as well as, where relevant, resources from shared management programmes to support REPowerEU objectives referred to in Article 21b.
2022/09/29
Committee: BUDGECON
Amendment 170 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 5
Regulation (EU) 2021/241
Article 23 – paragraph 1
Once the Council has adopted an implementing decision as referred to in Article 20(1), the Commission shall conclude an agreement with the Member State concerned constituting an individual legal commitment within the meaning of the Financial Regulation. For each Member State the legal commitment shall not exceed the total of the financial contribution referred to in point (a) of Article 11(1) for 2021 and 2022, as well as the updated financial contribution referred to in Article 11(2) for 2023 and the amount calculated under Article 21a(2).
2022/09/29
Committee: BUDGECON
Amendment 174 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a
Article 21adeleted
2022/09/29
Committee: BUDGECON
Amendment 175 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a
New revenuedeleted
2022/09/29
Committee: BUDGECON
Amendment 177 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 1
(1) EUR 20 000 000 000 in current prices shall be available, in line with Article 10e(4) of Directive 2003/87/EC, for implementation under this Regulation to increase the resilience of the Union energy system through a decrease of dependence on fossil fuels and diversification of energy supplies at Union level. That amount shall be made available in the form of external assigned revenue within the meaning of Article 21(5) of the Financial Regulation.deleted
2022/09/29
Committee: BUDGECON
Amendment 187 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 2
(2) The share of the resources referred to in paragraph 1 available for each Member State shall be calculated on the basis of the indicators defined for the maximum financial contribution, as set out in the methodology in Annex II for 70% of the amount and methodology set out in Annex III for 30% of the amount.deleted
2022/09/29
Committee: BUDGECON
Amendment 193 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 3
(3) The amount referred to in paragraph 1 shall be allocated exclusively to measures referred to in Article 21c(1).deleted
2022/09/29
Committee: BUDGECON
Amendment 196 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 4
(4) Commitment appropriations covering the amount referred to in paragraph 1 shall be made available automatically up to the respective amounts referred to in that paragraph as of [the date of entry into force of this amending Regulation].deleted
2022/09/29
Committee: BUDGECON
Amendment 197 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 5
(5) Each Member State may submit to the Commission a request for allocation of an amount not exceeding its share, by including in its plan the reforms and investments described in Article 21c(1) and indicating their estimated costs.deleted
2022/09/29
Committee: BUDGECON
Amendment 200 #

2022/0164(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 6
(6) The Council implementing decision adopted pursuant to Article 20(1) following a proposal from the Commission shall lay down the amount of the revenue referred to in Article 10e (1) of Directive 2003/87/EC allocated to the Member State following the application of paragraph 2, to be paid in instalments, subject to available funding, in accordance with Article 24 of this Regulation, once the Member State has satisfactorily fulfilled the milestones and targets identified in relation to the implementation of the measures referred to in Article 21c (1).deleted
2022/09/29
Committee: BUDGECON
Amendment 283 #

2022/0164(COD)

Proposal for a regulation
Article 4
Directive 2003/87/EC
Article 10e
(1) following Article is inserted: ‘ Article 10e Recovery and Resilience Facility (1) 2026, the allowances released pursuant to Article 1(6) of Decision (EU) 2015/1814 shall be auctioned until the amount of revenue obtained from such auctioning has reached EUR 20 billion. This revenue shall be made available to the Recovery and Resilience Facility established by Regulation (EU) 2021/241 and shall be implemented in accordance with the provisions of that Regulation. (2) the allowances destined for the Recovery and Resilience Facility are auctioned in accordance withArticle 4 deleted In Directive 2003/87/EC, the For the perinciples and modalities laid down in Article 10(4) of Directive 2003/87/EC and in accordance with Article 24 of Commission Regulation (EU) No 1031/2010[1]. (3) (EIB) shall be the auctioneer for the allowances to be auctioned pursuant to this Article on the auction platform appointed pursuant to Article 26(1) of Commission Regulation (EU) No 1031/2010[2] and shall provide the auction revenues to the Commission. (4) those allowances shall constitute external assigned revenue for the purpose of Article 21(5) of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council. ’od until 31 December The Commission shall ensure that The European Investment Bank The proceeds from auctioning
2022/09/29
Committee: BUDGECON
Amendment 287 #

2022/0164(COD)

Proposal for a regulation
Article 5
Amendments to Decision (EU) 2015/1814 Article 1 of Decision (EU) 2015/1814 is amended as follows: In paragraph 5, first subparagraph, the third sentence is replaced by the following: ‘ By way of derogation from the first and second sentences, until 31 December 2030, the percentages and the 100 million allowances referred to in those sentences shall be doubled. ’ In paragraph 6, the following subparagraph is added: ‘ By way of derogation from the first subparagraph, for a period until 31 December 2026, a number of allowances shall be released from the reserve and auctioned in accordance with Article 10e of Directive 2003/87/EC, until the amount of revenue obtained from such auctioning has reached EUR 20 billion. ’rticle 5 deleted
2022/09/29
Committee: BUDGECON
Amendment 103 #

2022/0051(COD)

Proposal for a directive
Recital 4
(4) The behaviour of companies across all sectors of the economy is key to success in the Union’s sustainability objectives as Union companies, especially large ones, rely on global valuesupply chains. It is also in the interest of companies to protrespect human rights and the environment, in particular given the rising concern of consumers and investors regarding these topics. Several initiatives fostering enterprises which support value-oriented transformation already exist on Union77 , as well as national78 level. __________________ 77 ‘Enterprise Models and the EU agenda’, CEPS Policy Insights, No PI2021-02/ January 2021. 78 E.g. https://www.economie.gouv.fr/entreprises/ societe-mission
2022/10/27
Committee: ECON
Amendment 106 #

2022/0051(COD)

Proposal for a directive
Recital 5
(5) Existing international standards on responsible business conduct specify that companies should protrespect human rights and set out how they should address the protection of the environment across their operations and valuesupply chains. The United Nations Guiding Principles on Business and Human Rights79 recognise the responsibility of companies to exercise human rights due diligence by identifying, preventing and mitigating the adverse impacts of their operations on human rights and by accounting for how they address those impacts. Those Guiding Principles state that businesses should avoid infringing human rights and should address adverse human rights impacts that they have caused, contributed to or are linked with in their own operations, subsidiaries and through their direct and indirect business relationships. __________________ 79 United Nations’ “Guiding Principles on Business and Human Rights: Implementing the United Nations ‘Protect, Respect and Remedy’ Framework”, 2011, available at https://www.ohchr.org/documents/publicati ons/guidingprinciplesbusinesshr_en.pdf.
2022/10/27
Committee: ECON
Amendment 122 #

2022/0051(COD)

Proposal for a directive
Recital 14
(14) This Directive aims to ensure that companies active in the internal market contribute to sustainable development and the sustainability transition of economies and societies through the identification, prevention and mitigation, bringing to an end and minimisation of potential or actual adverse human rights and environmental impacts connected with companies’ own operations, subsidiaries and valuesupply chains.
2022/10/27
Committee: ECON
Amendment 126 #

2022/0051(COD)

Proposal for a directive
Recital 15
(15) Companies should take appropriate steps to set up and carry out due diligence measures, with respect to their own operations, their subsidiaries, as well as their established direct and indirect business relationships throughout their valuesupply chains in accordance with the provisions of this Directive. This Directive should not require companies to guarantee, in all circumstances, that adverse impacts will never occur or that they will be stopped. For example with respect to business relationships where the adverse impact results from State intervention, the company might not be in a position to arrive at such results. Therefore, the main obligations in this Directive should be ‘obligations of means’. The company should take the appropriate measures which can reasonably be expected to result in prevention or minimisation of the adverse impact under the circumstances of the specific case. Account should be taken of the specificities of the company’s valuesupply chain, sector or geographical area in which its valuesupply chain partners operate, the company’s power to influence its direct and indirect business relationships, and whether the company could increase its power of influence.
2022/10/27
Committee: ECON
Amendment 130 #

2022/0051(COD)

Proposal for a directive
Recital 17
(17) Adverse human rights and environmental impact occur in companies’ own operations, subsidiaries, products, and in their valuesupply chains, in particular at the level of raw material sourcing, manufacturing, or at the level of product or waste disposal. In order for the due diligence to have a meaningful impact, it should cover human rights and environmental adverse impacts generated throughout the life-cycle of production and use and disposal of product or provision of services, at the level of own operations, subsidiaries and in valuesupply chains.
2022/10/27
Committee: ECON
Amendment 133 #

2022/0051(COD)

Proposal for a directive
Recital 18
(18) The value chain should cover‘Supply chain’ means the activities related to the production of a goods or the provision of services by a company, including the development of the product or the service and the use and disposal of the product as well as the related activities of established business relationships of the company. It should encompasss well as the related activities of upstream established direct and indirect business relationships that design, extract, manufacture, transport, store and supply raw material, products, parts of products, or provide services to the company that are necessary to carry out the company’s activities, and also downstream relationships, including established direct and indirect business relationships, that use or receive products, parts of products or services from the company up to the end of life of the product, including inter alia the distribution of the product to retailers, the transport and storage of the product, dismantling of the product, its recycling, composting or landfillingof the company.
2022/10/27
Committee: ECON
Amendment 141 #

2022/0051(COD)

Proposal for a directive
Recital 19
(19) As regards regulated financial undertakings providing loan,financing (loans and other forms of credit), or other financial services, “valueinsurance or reinsurance, “supply chain” with respect to the provision of such services should be limited to the activities of the clients receiving such services,financing (loans and other forms of credits) and of their subsidiaries thereof whose activities are linkmentioned toin the contract in question. Clients that are households and natural persons not acting in a professional or business capacity, as well as small and medium sized undertakings, an alternative investment fund (AIF) managed by an AIFM as defined in Article 4(1), point (b), of Directive 2011/61/EU or an AIF supervised under the applicable national law and UCITS in the meaning of Article 1(2) of Directive 2009/65/EC should not be considered to be part of the valuesupply chain. The activities of the companies or other legal entities that are included in the valuesupply chain of that client should not be covered.
2022/10/27
Committee: ECON
Amendment 151 #

2022/0051(COD)

Proposal for a directive
Recital 20
(20) In order to allow companies to properly identify the adverse impacts in their valuesupply chain and to make it possible for them to exercise appropriate leverage, the due diligence obligations should be limited in this Directive to established business relationships. For the purpose of this Directive, established business relationships should mean such direct and indirect business relationships which are, or which are expected to be lasting, in view of their intensity and duration and which do not represent a negligible or ancillary part of the valuesupply chain. The nature of business relationships as “established” should be reassessed periodically, and at least every 12 months. If the direct business relationship of a company is established, then all linked indirect business relationships should also be considered as established regarding that companyon an ongoing basis, taking a risk-based approach.
2022/10/27
Committee: ECON
Amendment 165 #

2022/0051(COD)

Proposal for a directive
Recital 23
(23) In order to achieve fully the objectives of this Directive addressing human rights and adverse environmental impacts with respect to companies’ operations, subsidiaries and valuesupply chains, third-country companies with significant operations in the EU should also be covered. More specifically, the Directive should apply to third-country companies which generated a net turnover of at least EUR 150 million in the Union in the financial year preceding the last financial year or a net turnover of more than EUR 40 million but less than EUR 150 million in the financial year preceding the last financial year in one or more of the high- impact sectors, as of 2 years after the end of the transposition period of this Directive.
2022/10/27
Committee: ECON
Amendment 170 #

2022/0051(COD)

Proposal for a directive
Recital 27
(27) In order to conduct appropriate human rights, and environmental due diligence with respect to their operations, their subsidiaries, and their valuesupply chains, companies covered by this Directive should integrateembed the company's commitment to due diligence into corporate policies and management systems, identify, prevent and mitigate as well as bring to an end and minimise the extent of potential and actual adverse human rights and environmental impacts, establish and maintain a complaints procedure, monitor the effectiveness of the taken measures in accordance with the requirements that are set up in this Directive and communicate publicly on their due diligence. In order to ensure clarity for companies, in particular the steps of preventing and mitigating potential adverse impacts and of bringing to an end, or when this is not possible, minimising actual adverse impacts should be clearly distinguished in this Directive.
2022/10/27
Committee: ECON
Amendment 177 #

2022/0051(COD)

Proposal for a directive
Recital 30
(30) Under the due diligence obligations set out by this Directive, a company should identify actual or potential adverse human rights and environmental impacts. In order to allow for a comprehensive identification of adverse impacts, such identification should be based on quantitative and qualitative information. For instance, as regards adverse environmental impacts, the company should obtain information about baseline conditions at higher risk sites or facilities in valuesupply chains. Identification of adverse impacts should include assessing the human rights, and environmental context in a dynamic way and in regular intervals: prior to a new activity or relationship, prior to major decisions or changes in the operation; in response to or anticipation of changes in the operating environment; and periodically, at least every 12 monthson an ongoing basis, taking a risk-based approach, throughout the life of an activity or relationship. Regulated financial undertakings providing loan, credit, or other financial servicesfinancing (loans and other forms of credit) should identify the adverse impacts only at the inception of the contract. When identifying adverse impacts, companies should also identify and assess the impact of a business relationship’s business model and strategies, including trading, procurement and pricing practices. Where the company cannot prevent, bring to an end or minimize all its adverse impacts at the same time, it should be able to prioritize its action, provided it takes the measures reasonably available to the company, taking into account the specific circumstances.
2022/10/27
Committee: ECON
Amendment 183 #

2022/0051(COD)

Proposal for a directive
Recital 32
(32) In line with international standards, prevention and mitigation as well as bringing to an end and minimisation of adverse impacts should take into account the interests of those adversely impacted. In order to enable continuous engagement with the valuesupply chain business partner instead of termination of business relations (disengagement) and possibly exacerbating adverse impacts, this Directive should ensure that disengagement is a last-resort action, in line with the Union`s policy of zero-tolerance on child labour. Terminating a business relationship in which child labour was found could expose the child to even more severe adverse human rights impacts. This should therefore be taken into account when deciding on the appropriate action to take.
2022/10/27
Committee: ECON
Amendment 188 #

2022/0051(COD)

Proposal for a directive
Recital 34
(34) So as to comply with the prevention and mitigation obligation under this Directive, companies should be required to take the following actions, where relevant. Where necessary due to the complexity of prevention measures, companies should develop and implement a prevention action plan. Companies should seek to obtain contractual assurances from a direct partner with whom they have an established business relationship that it will ensure compliance with the code of conduct or the prevention action plan, including by seeking corresponding contractual assurances from its partners to the extent that their activities are part of the companies’ valuesupply chain. The contractual assurances should be accompanied by appropriate measures to verify compliance. To ensure comprehensive prevention of actual and potential adverse impacts, companies should also make investments which aim to prevent adverse impacts, provide targeted and proportionate support for an SME with which they have an established business relationship such as financing, for example, through direct financing, low-interest loans, guarantees of continued sourcing, and assistance in securing financing, to help implement the code of conduct or prevention action plan, or technical guidance such as in the form of training, management systems upgrading, and collaborate with other companies.
2022/10/27
Committee: ECON
Amendment 199 #

2022/0051(COD)

Proposal for a directive
Recital 36
(36) In order to ensure that prevention and mitigation of potential adverse impacts is effective, companies should prioritize engagement with business relationships in the valuesupply chain, instead of terminating the business relationship, as a last resort action after attempting at preventing and mitigating adverse potential impacts without success. However, the Directive should also, for cases where potential adverse impacts could not be addressed by the described prevention or mitigation measures, refer to the obligation for companies to refrain from entering into new or extending existing relations with the partner in question and, where the law governing their relations so entitles them to, to either temporarily suspend commercial relationships with the partner in question, while pursuing prevention and minimisation efforts, if there is reasonable expectation that these efforts are to succeed in the short-term; or to terminate the business relationship with respect to the activities concerned if the potential adverse impact is severe. In order to allow companies to fulfil that obligation, Member States should provide for the availability of an option to terminate the business relationship in contracts governed by their laws. It is possible that prevention of adverse impacts at the level of indirect business relationships requires collaboration with another company, for example a company which has a direct contractual relationship with the supplier. In some instances, such collaboration could be the only realistic way of preventing adverse impacts, in particular, where the indirect business relationship is not ready to enter into a contract with the company. In these instances, the company should collaborate with the entity which can most effectively prevent or mitigate adverse impacts at the level of the indirect business relationship while respecting competition law.
2022/10/27
Committee: ECON
Amendment 204 #

2022/0051(COD)

Proposal for a directive
Recital 37
(37) As regards direct and indirect business relationships, industry cooperation, industry schemes and multi- stakeholder initiatives can help create additional leverage to identify, mitigate, and prevent adverse impacts. Therefore it should be possible for companies to rely on such initiatives to support the implementation of their due diligence obligations laid down in this Directive to the extent that such schemes and initiatives are appropriate to support the fulfilment of those obligations. Companies could assess, at their own initiative, the alignment of these schemes and initiatives with the obligations under this Directive. In order to ensure full information on such initiatives, the Directive should also refer to the possibility for the Commission and the Member States to facilitate the dissemination of information on such schemes or initiatives and their outcomes. The Commission, in collaboration with Member States, may issue guidance for assessing the fitness of industry schemes and multi-stakeholder initiatives.
2022/10/27
Committee: ECON
Amendment 208 #

2022/0051(COD)

Proposal for a directive
Recital 39
(39) So as to comply with the obligation of bringing to an end and minimising the extent of actual adverse impacts under this Directive, companies should be required to take the following actions, where relevant. They should neutralise the adverse impact or minimise its extent, with an action proportionate to the significance and scale of the adverse impact and to the contribution of the company’s conduct to the adverse impact. Where necessary due to the fact that the adverse impact cannot be immediately brought to an end, companies should develop and implement a corrective action plan with reasonable and clearly defined timelines for action and qualitative and quantitative indicators for measuring improvement. Companies should also seek to obtain contractual assurances from a direct business partner with whom they have an established business relationship that they will ensure compliance with the company’s code of conduct and, as necessary, a prevention action plan, including by seeking corresponding contractual assurances from its partners, to the extent that their activities are part of the company’s valuesupply chain. The contractual assurances should be accompanied by the appropriate measures to verify compliance. Finally, companies should also make investments aiming at ceasing or minimising the extent of adverse impact, provide targeted and proportionate support for an SMEs with which they have an established business relationship and collaborate with other entities, including, where relevant, to increase the company’s ability to bring the adverse impact to an end.
2022/10/27
Committee: ECON
Amendment 214 #

2022/0051(COD)

Proposal for a directive
Recital 41
(41) In order to ensure that bringing actual adverse impacts to an end or minimising them is effective, companies should prioritize engagement with business relationships in the valuesupply chain, instead of terminating the business relationship, as a last resort action after attempting at bringing actual adverse impacts to an end or minimising them without success. However, this Directive should also, for cases where actual adverse impacts could not be brought to an end or adequately mitigated by the described measures, refer to the obligation for companies to refrain from entering into new or extending existing relations with the partner in question and, where the law governing their relations so entitles them to, to either temporarily suspend commercial relationships with the partner in question, while pursuing efforts to bring to an end or minimise the extent of the adverse impact, or terminate the business relationship with respect to the activities concerned, if the adverse impact is considered severe. In order to allow companies to fulfil that obligation, Member States should provide for the availability of an option to terminate the business relationship in contracts governed by their laws.
2022/10/27
Committee: ECON
Amendment 216 #

2022/0051(COD)

Proposal for a directive
Recital 42
(42) Companies should provide the possibility for persons and organisations to submit complaints directly to them in case of legitimate concerindications regarding actual or potential human rights and environmental adverse impacts. The complaints must be factually justified and reasonably documented. Organisations who could submit such complaints should include trade unions and other workers’ representatives representing individuals working in the valuesupply chain concerned and civil society organisations active in the areas related to the valuesupply chain concerned where they have knowledge about a potential or actual adverse impact. Companies should establish a procedure for dealing with those complaints and inform workers, trade unions and other workers’ representatives, where relevant, about such processes. Recourse to the complaints and remediation mechanism should not prevent the complainant from having recourse to judicial remedies. In accordance with international standards, complaints should be entitled to request from the company appropriate follow-up on the complaint and to meet with the company’s representatives at an appropriate level to discuss potential or actual severe adverse impacts that are the subject matter of the complaint. This access should not lead to unreasonable solicitations of companies.
2022/10/27
Committee: ECON
Amendment 222 #

2022/0051(COD)

Proposal for a directive
Recital 43
(43) Companies should monitor the implementation and effectiveness of their due diligence measures. They should carry out periodic assessments of their own operations, those of their subsidiaries and, where related to the valuesupply chains of the company, those of their established business relationships, to monitor the effectiveness of the identification, prevention, minimisation, bringing to an end and mitigation of human rights and environmental adverse impacts. Such assessments should verify that adverse impacts are properly identified, due diligence measures are implemented and adverse impacts have actually been prevented or brought to an end. In order to ensure that such assessments are up-to- date, they should be carried out at least every 12 monthsThe assessments should be carried out on an ongoing basis, taking a risk-based approach, and be revised in-between if there are reasonable grounds to believe that significant new risks of adverse impact could have arisen.
2022/10/27
Committee: ECON
Amendment 226 #

2022/0051(COD)

Proposal for a directive
Recital 45
(45) In order to facilitate companies’ compliance with their due diligence requirements through their valuesupply chain and limiting shifting compliance burden on SME business partners, the Commission should provide guidance on model contractual clauses.
2022/10/27
Committee: ECON
Amendment 231 #

2022/0051(COD)

Proposal for a directive
Recital 48
(48) In order to complement Member State support to SMEs, the Commission may build on existing EU tools, projects and other actions helping with the due diligence implementation in the EU and in third countries. It may set up new support measures that provide help to companies, including SMEs on due diligence requirements, including an observatory for valuesupply chain transparency and the facilitation of joint stakeholder initiatives.
2022/10/27
Committee: ECON
Amendment 234 #

2022/0051(COD)

Proposal for a directive
Recital 50
(50) In order to ensure that this Directive effectively contributes to combating climate change, companies should adopt a plan to ensure that the business model and strategy of the company are compatible with the transition to a sustainable economy and with the limiting of global warming to 1.5 °C in line with the Paris Agreement. In case climate is or should have been identified as a principal risk for or a principal impact of the company’s operations, the company should include emissions reduction objectives in its plan.deleted
2022/10/27
Committee: ECON
Amendment 237 #

2022/0051(COD)

Proposal for a directive
Recital 51
(51) With a view to ensure that such emission reduction plan is properly implemented and embedded in the financial incentives of directors, the plan should be duly taken into account when setting directors’ variable remuneration, if variable remuneration is linked to the contribution of a director to the company’s business strategy and long- term interests and sustainability.deleted
2022/10/27
Committee: ECON
Amendment 255 #

2022/0051(COD)

Proposal for a directive
Recital 59
(59) As regards civil liability rules, the civil liability of a company for damages arising due to its failure to carry out adequate due diligence should be without prejudice to civil liability of its subsidiaries or the respective civil liability of direct and indirect business partners in the valuesupply chain. Also, the civil liability rules under this Directive should be without prejudice to Union or national rules on civil liability related to adverse human rights impacts or to adverse environmental impacts that provide for liability in situations not covered by or providing for stricter liability than this Directive.
2022/10/27
Committee: ECON
Amendment 273 #

2022/0051(COD)

Proposal for a directive
Recital 71
(71) The objective of this Directive, namely better exploiting the potential of the single market to contribute to the transition to a sustainable economy and contributing to sustainable development through the prevention and mitigation of potential or actual human rights and environmental adverse impacts in companies’ valuesupply chains, cannot be sufficiently achieved by the Member States acting individually or in an uncoordinated manner, but can rather, by reason of the scale and effects of the actions, be better achieved at Union level. In particular, addressed problems and their causes are of a transnational dimension, as many companies are operating Union wide or globally and valuesupply chains expand to other Member States and to third countries. Moreover, individual Member States’ measures risk being ineffective and lead to fragmentation of the internal market. Therefore, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. 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.
2022/10/27
Committee: ECON
Amendment 279 #

2022/0051(COD)

Proposal for a directive
Article 1 – paragraph 1 – subparagraph 1 – point a
(a) on obligations for companies regarding actual and potential human rights adverse impacts and environmental adverse impacts, with respect to their own operations, the operations of their subsidiaries, and the valuesupply chain operations carried out by entities with whom the company has an established business relationship and
2022/10/27
Committee: ECON
Amendment 289 #

2022/0051(COD)

Proposal for a directive
Article 1 – paragraph 1 – subparagraph 2
The nature of business relationships as ‘established’ shall be reassessed periodically, and at least every 12 monthson an ongoing basis, taking a risk-based approach.
2022/10/27
Committee: ECON
Amendment 324 #

2022/0051(COD)

Proposal for a directive
Article 2 – paragraph 2 – point a
(a) generated a net turnover of more than EUR 150 million in the Unionworldwide in the financial year preceding the last financial year; (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/10/27
Committee: ECON
Amendment 342 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 4
— an undertaking for collective investment in transferable securities (UCITS) management company as defined Article 2(1), point (b), of Directive 2009/65/EC of the European Parliament and of the Council116 ; __________________ 116 Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 302, 17.11.2009, p. 32).deleted
2022/10/27
Committee: ECON
Amendment 345 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point a – point iv – indent 9
— an alternative investment fund (AIF) managed by an AIFM as defined in Article 4(1), point (b), of Directive 2011/61/EU or an AIF supervised under the applicable national law;deleted
2022/10/27
Committee: ECON
Amendment 352 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point a a (new)
(a a) “investee company” means a company in which an institutional investor or asset manager invests which cannot be considered as a controlled undertaking.
2022/10/27
Committee: ECON
Amendment 353 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point a a (new)
(a a) “institutional investor” means an entity as defined by Article 2(e)i of Directive 2007/36/EC [SRD2], within the scope of Article 2 of this Directive;
2022/10/27
Committee: ECON
Amendment 356 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point a b (new)
(a b) “asset manager” means an entity as defined by Article 2(e)i of Directive 2007/36/EC, within the scope of Article 2 of this Directive;
2022/10/27
Committee: ECON
Amendment 367 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point e – introductory part
(e) ‘business relationship’ means a relationship with a contractor, subcontractor or any other legal entities (‘partner’) in the supply chain
2022/10/27
Committee: ECON
Amendment 372 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point e – point i
(i) with whom the company has a commercial agreement or to whom the company provides financing (loans and other forms of credits), insurance or reinsurance, or
2022/10/27
Committee: ECON
Amendment 382 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point f
(f) ‘established business relationship’ means a direct business relationship, whether direct or indirect, which is, or which is expected to be lasting, in view of its intensity or duration and which does not represent a negligible or merely ancillary part of the valuesupply chain;
2022/10/27
Committee: ECON
Amendment 397 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point g
(g) ‘valuesupply chain’ means the activities related to the production of goods or the provision of services by a company, including the development of the product or the service and the use and disposal of the product as well as the related activities of upstream and downstream established business relationships of the company. As regards companies within the meaning of point (a)(iv), ‘valuesupply chain’ with respect to the provision of these specific services shall only include the activities of the clients receiving such loan, credit, and other financial servifinancing (loans and other forms of credit), insurance or reinsurances, and of otheir companies belonging to the same groupsubsidiaries whose activities are linkmentioned toin the contract in question. The value chain of such regulated financial undertakings does not cover SMEs receiving loan, credit, finIt shall not be considered part of the supply chain of companies within the meancing, insurance or reinsurance of such entities; of point (a) (iv) the following:
2022/10/27
Committee: ECON
Amendment 403 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point g – point i (new)
i) clients that are households and natural persons not acting in a professional or business capacity, as well as small and medium-sized undertakings;
2022/10/27
Committee: ECON
Amendment 404 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point g – point ii (new)
ii) an alternative investment fund (AIF) managed by an AIFM as defined in Article 4(1), point (b), of Directive 2011/61/EU or an AIF supervised under the applicable national law;
2022/10/27
Committee: ECON
Amendment 405 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point g – point iii (new)
iii) UCITS in the meaning of Article 1(2) of Directive 2009/65/EC.
2022/10/27
Committee: ECON
Amendment 410 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point h
(h) ‘independent third-party verification’ means verification of the compliance by a company, or parts of its valuesupply chain, with human rights and environmental requirements resulting from the provisions of this Directive by an auditor which is independent from the company, free from any conflicts of interests, has experience and competence in environmental and human rights matters and is accountable for the quality and reliability of the audit;
2022/10/27
Committee: ECON
Amendment 412 #

2022/0051(COD)

Proposal for a directive
Article 3 – paragraph 1 – point j
(j) ‘industry initiative’ means a combination of voluntary valuesupply chain due diligence procedures, tools and mechanisms, including independent third- party verifications, developed and overseen by governments, industry associations or groupings of interested organisations;
2022/10/27
Committee: ECON
Amendment 490 #

2022/0051(COD)

Proposal for a directive
Article 6 – paragraph 1
1. Member States shall ensure that companies take appropriate measures to identify and assess actual and potential adverse human rights impacts and adverseand environmental impacts arising from their own operations or those of their subsidiaries and, where related to their value chains, from their established business relationships,direct suppliers, in accordance with paragraph 2, 3 and 4. Where it is not feasible to identify and assess all adverse impacts simultaneously, companies shall prioritise in accordance with paragraph 2, 3 and 4Article 6a.
2022/10/27
Committee: ECON
Amendment 495 #

2022/0051(COD)

Proposal for a directive
Article 6 – paragraph 1
1. Member States shall ensure that companies take appropriate measures to identify actual and potential adverse human rights impacts and adverse environmental impacts arising from their own operations or those of their subsidiaries and, where related to their valuesupply chains, from their established business relationships, in accordance with paragraph 2, 3 and 4.
2022/10/27
Committee: ECON
Amendment 512 #

2022/0051(COD)

Proposal for a directive
Article 6 – paragraph 2
2. By way of derogation from paragraph 1, companies referred to in Article 2(1), point (b), and Article 2(2), point (b), shall only be required to identify actual and potential severe adverse impacts relevant to the respective sector mentioned in Article 2(1), point (b). Member States shall ensure that, for the purpose of compliance with paragraph 1, companies shall take appropriate measures to: (a) carry out a broad scoping exercise of the company's operations, subsidiaries and direct suppliers in order to identify areas where the risk of severe adverse impacts is most likely to occur including mapping and prioritising individual higher risk operations, taking into account relevant risk factors; and (b) carry out in-depth assessments of prioritised operations, subsidiaries and direct suppliers in order to determine the nature and extent of specific actual and potential adverse impacts.
2022/10/27
Committee: ECON
Amendment 519 #

2022/0051(COD)

Proposal for a directive
Article 6 – paragraph 3
3. When companies referred to in Article 3, point (a)(iv), provide credit, loan or other financial servifinancing (loans and other forms of credits), insurance or reinsurances, identification of actual and potential adverse human rights impacts and adverse environmental impacts shall be carried out only once before providing that service..
2022/10/27
Committee: ECON
Amendment 527 #

2022/0051(COD)

Proposal for a directive
Article 6 – paragraph 4
4. Member States shall ensure that, for the purposes of identifying the adverse impacts referred to in paragraph 1 based on, where appropriate, quantitative and qualitative information, companies are entitled to make use of appropriate resources, including independent reports and information gathered through the complaints procedure provided for in Article 9. Companies shall, where relevant, also carry out consultations with potentially affected groups including workers and other relevant stakeholders to gather information on actual or potential adverse impacts.
2022/10/27
Committee: ECON
Amendment 530 #

2022/0051(COD)

Proposal for a directive
Article 6 – paragraph 4 a (new)
4 a. Member states shall ensure that companies take appropriate measures to: (a) keep risk assessments up-to-date and reassess impacts at yearly, as appropriate, including prior to major decisions or significant changes in the company's relevant activities, business practices, in response to or in anticipation of significant changes in the operating environment and in response to complaints submitted to the company or its subsidiaries under Article 9. (b) document and make available to relevant supervisory authorities, onto their reasoned request, such risk assessments
2022/10/27
Committee: ECON
Amendment 531 #

2022/0051(COD)

Proposal for a directive
Article 6 a (new)
Article 6 a Prioritisation of identified actual and potential adverse impacts 1. Member States shall ensure that companies are allowed to prioritise human rights impacts and adverse environmental impacts arising from their own operations, those of their subsidiaries or those of their established business relationships identified pursuant to Article 6 for fulfilling the obligations laid down in Articles 7 or 8, where it is not feasible to address all identified adverse impacts at the same time to the full extent. 2. The prioritisation of adverse impacts shall be based on severity and likelihood of the adverse impact. Severity of an adverse impact shall be assessed based on its gravity, the number of persons or the extent the environment affected, its irreversibility, and difficulty to restore the situation prevailing prior to the impact. 3. Once the most significant adverse impacts are addressed in accordance with Articles 7 or 8 in reasonable time, the company shall address less significant adverse impacts.
2022/10/27
Committee: ECON
Amendment 559 #

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 2 – point b
(b) seek contractual assurances from a business partner with whom it has a direct business relationship that it will ensure compliance with the company’s code of conduct and, as necessary, a prevention action plan, including by seeking corresponding contractual assurances from its partners, to the extent that their activities are part of the company’s valuesupply chain (contractual cascading). When such contractual assurances are obtained, paragraph 4 shall apply;
2022/10/27
Committee: ECON
Amendment 586 #

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 5 – subparagraph 1 – introductory part
As regards potential adverse impacts within the meaning of paragraph 1 that could not be prevented or adequately mitigated by the measures in paragraphs 2, 3 and 4, the company shall be required to refrain from entering into new or extending existing relations with the partner in connection with or in the valuesupply chain of which the impact has arisen and shall, where the law governing their relations so entitles them to, take the following actions:
2022/10/27
Committee: ECON
Amendment 598 #

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 6
6. By way of derogation from paragraph 5, point (b), without prejudice to paragraph 6, when companies referred to in Article 3, point (a)(iv), provide credit, loan or other financial servifinancing (loans and other forms of credits), insurance or reinsurances, they shall not be required to terminate the credit, loan or other financial servifinancing (loans and other forms of credits), insurance or reinsurance contract when this can be reasonably expected to cause substantial prejudice to the entity to whom that service is being provided.
2022/10/27
Committee: ECON
Amendment 601 #

2022/0051(COD)

Proposal for a directive
Article 7 – paragraph 6 a (new)
6 a. This article shall not apply to institutional investors and asset managers, in so far as their investments in investee companies are concerned.
2022/10/27
Committee: ECON
Amendment 602 #

2022/0051(COD)

Proposal for a directive
Article 7 a (new)
Article 7 a The role of institutional investors and asset managers in preventing potential adverse impacts by their investee companies 1. Member States shall ensure that institutional investors and asset managers take appropriate measures as described in paragraph 3 of this Article to induce their investee companies to bring actual adverse impacts that have been, or should have been identified pursuant to Article 6 to an end, in accordance with paragraphs 2 to 6 of this Article. 2. Where the adverse impact cannot be brought to an end, Member States shall ensure that institutional investors and asset managers induce their investee companies to minimise the extent of such an impact. 3. Where relevant, institutional investors and asset managers shall be required to engage with the investee company and exercise voting rights in line with Article 3g (1)a of Directive 2007/36/EC [SRD2]10, in order to induce the management body of an investee company to bring the actual impact to and end or minimise its extent. The action sought from the investee company shall be proportionate to the significance and scale of the adverse impact and to the contribution of the investee company’s conduct to the adverse impact. 4. The actions listed in paragraph 3 shall be required insofar they are capable of achieving the objectives of due diligence, are commensurate with the degree of severity and the likelihood of the adverse impact, and reasonably available to the institutional investor or asset manager.
2022/10/27
Committee: ECON
Amendment 622 #

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 3 – point b
(b) where necessary due to the fact that the adverse impact cannot be immediately brought to an end, develop and implement a corrective action plan with reasonable and clearly defined timelines for action and qualitative and quantitative indicators for measuring improvement. Where relevant, the corrective action plan shall be developed in consultation with affected stakeholders;
2022/10/27
Committee: ECON
Amendment 632 #

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 3 – point c
(c) seek contractual assurances from a direct partner with whom it has an established business relationship that it will ensure compliance with the code of conduct and, as necessary, a corrective action plan, including by seeking corresponding contractual assurances from its partners, to the extent that they are part of the valuesupply chain (contractual cascading). When such contractual assurances are obtained, paragraph 5 shall apply.
2022/10/27
Committee: ECON
Amendment 663 #

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 6 – subparagraph 1 – introductory part
As regards actual adverse impacts within the meaning of paragraph 1 that could not be brought to an end or the extent of which could not be minimised by the measures provided for in paragraphs 3, 4 and 5, the company shall refrain from entering into new or extending existing relations with the partner in connection to or in the valuesupply chain of which the impact has arisen and shall, where the law governing their relations so entitles them to, take one of the following actions:
2022/10/27
Committee: ECON
Amendment 677 #

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 7
7. By way of derogation from paragraph 6, point (b), without prejudice to paragraph 7a, when companies referred to in Article 3, point (a)(iv), provide credit, loan or other financial servifinancing (loans and other forms of credits), insurance or reinsurances, they shall not be required to terminate the credit, loan or other financial servifinancing (loans and other forms of credits), insurance or reinsurance contract, when this can be reasonably expected to cause substantial prejudice to the entity to whom that service is being provided.
2022/10/27
Committee: ECON
Amendment 680 #

2022/0051(COD)

Proposal for a directive
Article 8 – paragraph 7 a (new)
7 a. This Article does not apply to institutional investors and asset managers, in so far as their investments in investee companies are concerned.
2022/10/27
Committee: ECON
Amendment 683 #

2022/0051(COD)

Proposal for a directive
Article 8 a (new)
Article 8a Appropriate measures by institutional investors and asset managers to induce their investee companies to bring actual adverse impacts caused by them to an end 1. Member States shall ensure that institutional investors and asset managers take appropriate measures as described in paragraph 3 of this Article to induce their investee companies to bring actual adverse impacts that have been, or should have been identified pursuant to Article 6 to an end, in accordance with Article 2, paragraphs 2 to 6. 2. Where the adverse impact cannot be brought to an end, Member States shall ensure that institutional investors and asset managers induce their investee companies to minimise the extent of such an impact. 3. Where relevant, institutional investors and asset managers shall be required to engage with the investee company and exercise voting rights in line with Article 3g (1), point (a) of Directive 2007/36/EC [SRD2], in order to induce the management body of an investee company to bring the actual impact to and end or minimise its extent. The action sought from the investee company shall be proportionate to the significance and scale of the adverse impact and to the contribution of the investee company’s conduct to the adverse impact. 4. The actions listed in paragraph 3 shall be required insofar they are capable of achieving the objectives of due diligence, are commensurate with the degree of severity and the likelihood of the adverse impact, and reasonably available to the institutional investor or asset manager.
2022/10/27
Committee: ECON
Amendment 692 #

2022/0051(COD)

Proposal for a directive
Article 9 – paragraph 1
1. Member States shall ensure that companies provide the possibility for persons and organisations listed in paragraph 2 to submit complaints to them where they have legitimate concerns regarding actual or potential adverse human rights impacts and adverse environmental impacts with respect to their own operations, the operations of their subsidiaries and their value chainssupply chains. The complaint must be factually justified and reasonably documented.
2022/10/27
Committee: ECON
Amendment 702 #

2022/0051(COD)

Proposal for a directive
Article 9 – paragraph 2 – point a
(a) persons who are affected or have reasonable grounds to believe that they mightwill be affected by an adverse impact,
2022/10/27
Committee: ECON
Amendment 704 #

2022/0051(COD)

Proposal for a directive
Article 9 – paragraph 2 – point b
(b) trade unions and other workers’ representatives representing individuals working in the valuesupply chain concerned, which have a legitimate concern,
2022/10/27
Committee: ECON
Amendment 708 #

2022/0051(COD)

Proposal for a directive
Article 9 – paragraph 2 – point c
(c) civil society organisations active in the areas related to the value chain concerndeleted.
2022/10/27
Committee: ECON
Amendment 720 #

2022/0051(COD)

Proposal for a directive
Article 9 – paragraph 4 – point b
(b) to meet with the company’s representatives at an appropriate level to discuss potential or actual severe adverse impacts that are the subject matter of the complaint.deleted
2022/10/27
Committee: ECON
Amendment 732 #

2022/0051(COD)

Proposal for a directive
Article 10 – paragraph 1
Member States shall ensure that companies carry out periodic assessments of their own operations and measures, those of their subsidiaries and, where related to the valuesupply chains of the company, those of their established business relationships, to monitor the effectiveness of the identification, prevention, mitigation, bringing to an end and minimisation of the extent of human rights and environmental adverse impacts. Such assessments shall be based, where appropriate, on qualitative and quantitative indicators and be carried out at least every 12 months and whenever there are reasonable grounds to believe that significant new risks of the occurrence of those adverse impacts may arise. The due diligence policy shall be updated in accordance with the outcome of those assessments.
2022/10/27
Committee: ECON
Amendment 741 #

2022/0051(COD)

Proposal for a directive
Article 11 – paragraph 2 a (new)
The Commission shall develop simplified reporting obligations applicable to companies referred to in Article 2(1), point (b), and Article 2(2), point (b) of this Directive, and, no later than one year after the entry into force of this Directive, provide guidelines to support them in fulfilling their obligations.
2022/10/27
Committee: ECON
Amendment 759 #

2022/0051(COD)

Proposal for a directive
Article 14 – paragraph 1
1. Member States shall, in order to provide information and support to companies and the partners with whom they have established business relationships in their valuesupply chains in their efforts to fulfil the obligations resulting from this Directive, set up and operate individually or jointly dedicated websites, platforms or portals. Specific consideration shall be given, in that respect, to the SMEs that are present in the value chains of companies.
2022/10/27
Committee: ECON
Amendment 875 #

2022/0051(COD)

Proposal for a directive
Article 22 – paragraph 2 – subparagraph 2
In the assessment of the existence and extent of liability under this paragraph, due account shall be taken of the company’s efforts, insofar as they relate directly to the damage in question, to comply with any remedial action required of them by a supervisory authority, any investments made and any targeted support provided pursuant to Articles 7 and 8, as well as any collaboration with other entities to address adverse impacts in its valuesupply chains.
2022/10/27
Committee: ECON
Amendment 881 #

2022/0051(COD)

Proposal for a directive
Article 22 – paragraph 3
3. The civil liability of a company for damages arising under this provision shall be without prejudice to the civil liability of its subsidiaries or of any direct and indirect business partners in the valuesupply chain.
2022/10/27
Committee: ECON
Amendment 37 #

2021/2251(INI)

Motion for a resolution
Paragraph 1
1. Highlights that the Recovery and Resilience Facility (RRF) is an unprecedented and one-off instrument of solidarity and a cornerstone of the NextGenerationEU (NGEU) instrument, ending in 2026, as the main tool in the EU’s response to the COVID-19 pandemic to prepare the economies of the EU to face the new challenges;
2022/03/21
Committee: BUDGECON
Amendment 42 #

2021/2251(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Recalls fiscal consolidation and a sound economic environment for future investments as the underlying reason behind establishing the RRF;
2022/03/21
Committee: BUDGECON
Amendment 56 #

2021/2251(INI)

Motion for a resolution
Paragraph 2
2. Welcomes the fact that even if the economic effects of the RRF cannot be fully disentangled from other developments, it seems fair to conclude that, so far, the RRF has hadthe RRF is likely to have a positive effects on gross domestic product (GDP) and that its effective implementation will be key forcontribute to the EU’s economic growth; recognises that the RRF has helped to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and is positively contributing to the EU’s recovery and resilience;
2022/03/21
Committee: BUDGECON
Amendment 72 #

2021/2251(INI)

Motion for a resolution
Paragraph 4
4. Reiterates the importance of the successful implementation by the Member States of national recovery and resilience plans (NRRPs) in order to ensure a long- term impact on the EU economy and society; recalls that the RRF is a performance-based mechanism, whereby funding is disbursed upon completion of milestones and targets related to measures and that the Commission should halt disbursements in case the milestones and targets are not met;
2022/03/21
Committee: BUDGECON
Amendment 88 #

2021/2251(INI)

Motion for a resolution
Paragraph 5
5. Emphasises that the packages of reforms and investments, particularly growth-enhancing ones under the RRF, should also generate EU added value; improve EU competitiveness ; emphasises that the packages of reforms and investments under the RRF should also contribute to the implementation of the European Pillar of Social Rights;
2022/03/21
Committee: BUDGECON
Amendment 111 #

2021/2251(INI)

Motion for a resolution
Paragraph 9
9. Is concerned, however, that only seven Member States have requested loans amounting to a total of EUR 166 billion out of the EUR 385.8 billion avEmphasises that all grants from the RRF should be invested in the implementation period of 2021-2026 to realise the EU’s objectives of sustailnable for loans, leaving a considerable amount available should Member States require loans at a later stage; is preoccupied that the limited interest for the loan component may lead to lost opportunities and prevent the RRF from reaching its full potential;economic growth, resilience and competitiveness; urges Member States to facilitate private investments in connection to the RRF-funded projects in order to increase volume of the recovery plan and close the major investment gap in the fields of green and digital transition.
2022/03/21
Committee: BUDGECON
Amendment 129 #

2021/2251(INI)

Motion for a resolution
Paragraph 10
10. Tasks the Commission with analysing: a) the reasons why thsome Member States have not requested logrants to the full extent of their allocation;, b) the extent of loans adopted by central banks in Member States to supplement RRF grants and c) private investments generated from RRF-funded projects.
2022/03/21
Committee: BUDGECON
Amendment 138 #

2021/2251(INI)

Motion for a resolution
Paragraph 10
10. Tasks the Commission with analysing the reasons why the Member States have not requested loans to the full extent of their allocation; stresses that depleting the funds available for loans is not a goal in and of itself; emphasizes that some Member States can borrow at a rate lower than the European Commission due to their fiscal prudence and are hence not in need of RRF loans;
2022/03/21
Committee: BUDGECON
Amendment 152 #

2021/2251(INI)

Motion for a resolution
Paragraph 11
11. Looks forward to more granular and disaggregated data allowing for a better understanding of the additionality impacts of the RRF; regrets the lack of public information on how the NRRPs comply with the requirement of additionality; urges the Member States to provide detailed information to the Commission in order to ensure effective reporting of the impact of the RRF; ; stresses the importance of a transparent and public score board and thus the need of benchmarking reforms and investments
2022/03/21
Committee: BUDGECON
Amendment 169 #

2021/2251(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Recalls that the bonds issued to finance the RRF are to be repaid in a manner that ensures the steady and predictable reduction of liabilities, by 2058 at the latest;
2022/03/21
Committee: BUDGECON
Amendment 216 #

2021/2251(INI)

Motion for a resolution
Paragraph 20 a (new)
20 a. Regrets the lack of information on how NRRPs contribute to achieving climate neutrality as outlined in the European Climate Law; calls on the Commission to include data in the national scoreboards on how the investments in the NRRPs reduce greenhouse gas emissions in Member States.
2022/03/21
Committee: BUDGECON
Amendment 294 #

2021/2251(INI)

Motion for a resolution
Paragraph 30 a (new)
30 a. Encourages the Commission to make sure that Member States address the Country Specific Recommendations adequately and that this foundational principle of the RRF is adhered to when scrutinising the NRRPs and their implementation;
2022/03/21
Committee: BUDGECON
Amendment 300 #

2021/2251(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Underlines that means available for the RRF should be used in the context of REPowerEU before any new instruments are introduced; warns against the automatic reflex in some Member States to push for the creation of additional common debt for that purpose; emphasizes that Member States can use the existing RRF to finance their energy transition in this particular regard; stresses furthermore that the remaining amount of loans available must never become grants;
2022/03/21
Committee: BUDGECON
Amendment 304 #

2021/2251(INI)

Motion for a resolution
Paragraph 31 a (new)
31 a. Is concerned about the lack of control of additionality
2022/03/21
Committee: BUDGECON
Amendment 305 #

2021/2251(INI)

Motion for a resolution
Paragraph 31 b (new)
31 b. Invites the Commission to reflect on ways to direct RRF resources towards defence spending, while respecting the distribution of competences in this policy area;
2022/03/21
Committee: BUDGECON
Amendment 363 #

2021/2251(INI)

Motion for a resolution
Paragraph 35
35. Welcomes the launch in December 2021 of the recovery and resilience scoreboard, which will allow every citizen to monitor the implementation of the RRF; Calls for the Commission to launch its Recovery and Resilience Scoreboard in April 2022 as planned and ensure updates of the scoreboard twice a year in accordance with the RRF regulation; urges the Commission to enforce that Member States should provide the data necessary to report on the progress with regard to the six pillars of the RRF regulation and thereby enable every citizen to monitor the implementation of the RRF.
2022/03/21
Committee: BUDGECON
Amendment 371 #

2021/2251(INI)

Motion for a resolution
Paragraph 36
36. Notes that Member States’ NRRPs report on their communication strategies; deplores however that, without a clear standard, such communication campaigns are envisaged to be very different, thus limiting the visibility of the RRF and EU funding overall; Calls for the Commission and Member States to ensure that the mandatory single web spaces on NRRPs include: a) public procurement plans to improve transparency and enable companies across Member States to tender for projects and b) supplier list open for registration so that main suppliers will have a better overview of potential subsuppliers in other Member States;
2022/03/21
Committee: BUDGECON
Amendment 115 #

2021/2185(INI)

Motion for a resolution
Paragraph 6
6. Reiterates the importance of the Commission and the Member States launching a post-COVID-19 roadmap for better targeted State aid in order to promote competitiveness and growth and ensure high-quality jobs; Notes with concern the large heterogeneity across Member States in the amounts of State aid granted as a response to the pandemic; Recognises that large amounts of State aid were necessary to support businesses through lockdowns;
2022/01/27
Committee: ECON
Amendment 116 #

2021/2185(INI)

Motion for a resolution
Paragraph 6
6. Reiterates the importance of the Commission and the Member States launching a post-COVID-19 roadmap for better targeted State aid in order to promote competitiveness and growth and ensure high-quality jobs; However, also emphasises the need to consider the dynamics of the internal market when large Member States are able to subsidise more than smaller Member States;
2022/01/27
Committee: ECON
Amendment 118 #

2021/2185(INI)

Motion for a resolution
Paragraph 6
6. Reiterates the importance of the Commission and the Member States launching a post-COVID-19 roadmap for better targeted State aid in order to promote competitiveness and growth and ensure high-quality jobs; calls for a steady phasing-out of the State aid as the pandemic becomes manageable;
2022/01/27
Committee: ECON
Amendment 127 #

2021/2185(INI)

Motion for a resolution
Paragraph 7
7. Emphasises the importance of safeguarding the competitiveness of European companies in a globalised arena, of striving for reciprocity, and of ensuring fair competition for regional markets in the single market; acknowledges the rationale behind the Important Projects of Common European Interest (IPCEI) is that state interventions are justified in the clear presence of well documented market failures;
2022/01/27
Committee: ECON
Amendment 129 #

2021/2185(INI)

Motion for a resolution
Paragraph 7
7. Emphasises the importance of safeguarding the competitiveness of European companies in a globalised arena, of striving for reciprocity, and of ensuring fair competition for regional markets in the single market; Reiterates that the allocation of State aid to IPCEI shall as a rule of thumb be spent on research and development and not on production capacities;
2022/01/27
Committee: ECON
Amendment 131 #

2021/2185(INI)

Motion for a resolution
Paragraph 7
7. Emphasises the importance of safeguarding the competitiveness of European companies in a globalised arena, of striving for reciprocity, and of ensuring fair competition for regional markets in the single market; further emphasises that to achieve this goal, State aid must only be allocated to European companies in extraordinary cases;
2022/01/27
Committee: ECON
Amendment 185 #

2021/2185(INI)

Motion for a resolution
Paragraph 14
14. Welcomes the recent judgment by the General Court of the EU3 , which confirms the Commission’s assessment as regards a dominant market position and is proof and an example of the effective application of traditional EU competition rules in the context of a digital economy; Notes the lengthy legal process for the Google Shopping case and calls for additional resources for the enforcement authorities; __________________ 3Judgment of the General Court of 10 November 2021, Google and Alphabet v Commission, T-612/17, ECLI:EU:T:2021:763.
2022/01/27
Committee: ECON
Amendment 194 #

2021/2185(INI)

Motion for a resolution
Paragraph 15
15. Supports the review of EU competition law instruments as outlined in the Commission communication of 18 November 2021; recalls, however, that this should not exclude the development of new tools where necessary; Calls for a swift return to the pre-pandemic rules for competition policy and state aid as economic activities stabilise after the pandemic;
2022/01/27
Committee: ECON
Amendment 198 #

2021/2185(INI)

Motion for a resolution
Paragraph 16
16. Welcomes the ongoing review of State aid rules, which aims to ensure consistency with both established and new regulatory principles relevant to the twin transition; Reiterates that the green transition and the fulfilment of the European Climate Law can only truly be achieved with private investments;
2022/01/27
Committee: ECON
Amendment 216 #

2021/2185(INI)

Motion for a resolution
Paragraph 18
18. Takes note of the Commission’s initiative to revise the State aid rules in the field of climate, environmental protection and energy (CEEAG) to align them with the European Green Deal and supports the adoption of new guidelines in that regard; Asserts that State aid can complement but never substitute private investments in technologies needed for the green transition;
2022/01/27
Committee: ECON
Amendment 7 #

2021/2184(INI)

Motion for a resolution
Citation 10 a (new)
— having regard to the document 'ECB Banking Supervision: SSM Supervisory Priorities 2022-2024'36b; _________________ 36b https://www.bankingsupervision.europa.e u/banking/priorities/pdf/ssm.supervisory_ priorities2022~0f890c6b70.en.pdf
2022/02/17
Committee: ECON
Amendment 8 #

2021/2184(INI)

Motion for a resolution
Citation 10 b (new)
— having regard to the study requested by the ECON Committee entitled ‘The digital euro: policy implications and perspectives’36a _________________ 36a https://www.europarl.europa.eu/RegData/ etudes/STUD/2022/703337/IPOL_STU(20 22)703337_EN.pdf
2022/02/17
Committee: ECON
Amendment 39 #

2021/2184(INI)

B. whereas the BUanking Union is open to all EU Member States;
2022/02/17
Committee: ECON
Amendment 51 #

2021/2184(INI)

Motion for a resolution
Recital C
C. whereas the problems of the banking sector may worsen after the temporary support measures introduced during the COVID-19 crisis are liftbanking sector has remained resilient over the course of the pandemic, the lifting of the temporary support measures introduced during the COVID-19 crisis may expose the sector to vulnerabilities that will need to be closely monitored and managed;
2022/02/17
Committee: ECON
Amendment 61 #

2021/2184(INI)

Motion for a resolution
Recital D
D. whereas some financial institutions in the BUanking Union are heavily invested in the debt of their own home sovereign;
2022/02/17
Committee: ECON
Amendment 63 #

2021/2184(INI)

Motion for a resolution
Recital D a (new)
D a. whereas the Banking Union helps to break the doom loop between national governments and national banking systems;
2022/02/17
Committee: ECON
Amendment 66 #

2021/2184(INI)

Motion for a resolution
Recital E
E. whereas the role of the banking sector is crucial to the recovery, especially to SME's, and transition to a low-carbon economy;
2022/02/17
Committee: ECON
Amendment 69 #

2021/2184(INI)

Motion for a resolution
Recital E
E. whereas the role of the banking sector is crucial to the recovery and transition to a low-carbon-neutral and digitalised economy;
2022/02/17
Committee: ECON
Amendment 71 #

2021/2184(INI)

Motion for a resolution
Recital E a (new)
E a. Whereas climate change, environmental degradation and the transition to a low-carbon economy are factors to be taken into account when assessing the sustainability of banks’ balance sheets, as a source of risk potentially impacting investments across regions and sectors; whereas sophisticated risk models should already capture many of the risks associated with climate change;
2022/02/17
Committee: ECON
Amendment 85 #

2021/2184(INI)

Motion for a resolution
Recital G
G. whereas there is a need for an effective and robust anti-money laundering supervision; ory framework throughout the European banking sector and weaknesses in the framework must be addressed;
2022/02/17
Committee: ECON
Amendment 110 #

2021/2184(INI)

Motion for a resolution
Paragraph 1
1. Recalls that one goal of the BUanking Union is the security of the banking system and the prevention of bank bailouts by taxpayers; supports efforts to strengthen the BUanking Union; stresses that a solid BUanking Union will result in increased confidence in the banking sector;
2022/02/17
Committee: ECON
Amendment 119 #

2021/2184(INI)

Motion for a resolution
Paragraph 2
2. Considers that the BU should be built in a friendlytransparent and attractive way, including for Member States outside the euro area;
2022/02/17
Committee: ECON
Amendment 124 #

2021/2184(INI)

Motion for a resolution
Paragraph 3
3. Stresses that theNotes that European banks entered the Covid-19 crisis with strong capital positions as a result of the regulatory reforms adopted in the wake of the previous global financial crisis; Stresses that the banking sector maintained relatively good performance of banks during the COVID- 19 crisis ias related toa result of the policies implemented by the Member States during the pandemic, as well as to temporary measures introduced under Regulation (EU) 575/2013 (Capital Requirements Regulation), and additional capital space provided by the ECB;
2022/02/17
Committee: ECON
Amendment 129 #

2021/2184(INI)

Motion for a resolution
Paragraph 3
3. StressNotes that the relatively good performance of banks during the COVID- 19 crisis is related to the policies implemented by the Member States during the pandemic, as well as to temporary measures under Regulation (EU) 575/2013 (Capital Requirements Regulation);
2022/02/17
Committee: ECON
Amendment 133 #

2021/2184(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Notes that there is a prospect of gradually phasing out emergency measures and returning to pre-COVID-19 capital requirements;
2022/02/17
Committee: ECON
Amendment 137 #

2021/2184(INI)

Motion for a resolution
Paragraph 4
4. Recalls the key role ofplayed by the EU banking sector in financing the recovery of the Europeancontinuing to support the real economy during the pandemic and now in financing the recovery of the European economy and the transition to a digitalised and carbon- neutral economy;
2022/02/17
Committee: ECON
Amendment 139 #

2021/2184(INI)

Motion for a resolution
Paragraph 4
4. Recalls the key role of the EU banking sector in financing the recovery of the European economy, including sufficient funding for SME's;
2022/02/17
Committee: ECON
Amendment 149 #

2021/2184(INI)

Motion for a resolution
Paragraph 5
5. Notes that the EBA, the ECB and the SRB still see many problems in the banking system, such as high stocks of non-performing loans (NPLs), exposures to sectors which are sensitive to the COVID- 19 crisis, deficiencies in risk management, and discrepancies in the implementation of International Financial Reporting Standard 9 (IFRS 9); underlines with concern that these problems are likely tomay increase after the withdrawal of the emergency measures; welcomes in this regard, the 2022-2024 supervisory priorities of the ECB that fully acknowledge the potential risks posed to banks as the economy emerges from the pandemic and the focus of their supervisory activities on these vulnerabilities36c; _________________ 36c https://www.bankingsupervision.europa.e u/banking/priorities/html/ssm.supervisory _priorities2022~0f890c6b70.en.html
2022/02/17
Committee: ECON
Amendment 161 #

2021/2184(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Considers the reduction of NPLs should remain a priority; warns that their number is likely to increase rapidly after the withdrawal of emergency support measures; draws attention to the importance of prudential compliance, early identification and proactive management of NPLs;
2022/02/17
Committee: ECON
Amendment 162 #

2021/2184(INI)

Motion for a resolution
Paragraph 5 b (new)
5 b. Welcomes the adoption of the Directive (EU) 2018/063 on credit purchasers, credit servicers and the recovery of collateral as a means to prevent future increases of non- performing banks in the balance sheets of EU banks;
2022/02/17
Committee: ECON
Amendment 173 #

2021/2184(INI)

Motion for a resolution
Paragraph 6
6. Supports ongoing work on the implementation of the Basel III rules; welcomes the Commission’s proposal to opt for a single-stack approach in the application of the output floor;
2022/02/17
Committee: ECON
Amendment 183 #

2021/2184(INI)

Motion for a resolution
Paragraph 7
7. Notes that the banking sector is adapting to the challenges of digitalisation; stresses the need for further investments, research and adequate regulations; appreciates the work on the digital finance package; considers that the priorityies should be customer safety, inclusiveness and technological neutrality; observes with interest the work on the digital euro;
2022/02/17
Committee: ECON
Amendment 201 #

2021/2184(INI)

Motion for a resolution
Paragraph 9
9. Notes that there is a prospect of gradually phasing out emergency measures and returning to pre-COVID-19 capital requirements;deleted
2022/02/17
Committee: ECON
Amendment 207 #

2021/2184(INI)

Motion for a resolution
Paragraph 10
10. Considers the reduction of NPLs should remain a priority; warns that their number is likely to increase rapidly after the withdrawal of emergency support measures; draws attention to the importance of prudential compliance, early identification and proactive management of NPLs;deleted
2022/02/17
Committee: ECON
Amendment 234 #

2021/2184(INI)

Motion for a resolution
Paragraph 12
12. Notes that the transition to a low- carbon economy presents new challenges and risks related to the preference for sustainable investments; stresses the need for an in-depth analysis of the economic efficiency of sustainable investments in order to avoid a future bubble of green assetemphasises the importance of the banking sector, to complement public investment, in helping fund the crucial transition to a carbon- neutral economy; stresses the need for an in-depth analysis of the economic efficiency of sustainable investments in order to avoid a future bubble of green assets and welcomes the ECB’s commitment to carrying out climate-stress tests in 2022 as an important element to tackling climate-related risk; stresses the need for further improvements in the disclosure of climate-related and environmental risks by banks, as well as improvements in the disclosure of transition strategies by entities to facilitate banks’ and supervisors’ assessment of risk; ; calls for banks to take the double materiality perspective when assessing their climate risks; calls for clear guidelines for banks based on economic data;
2022/02/17
Committee: ECON
Amendment 256 #

2021/2184(INI)

13. Recalls that the impact of special measures during the pandemic should be taken into account in the assessment of the current condition of banks; stresses that these measures distort the picture, as the decline in real economic activity does not fully translate into banks’ balance sheets;
2022/02/17
Committee: ECON
Amendment 262 #

2021/2184(INI)

Motion for a resolution
Paragraph 14
14. Draws attention to the dangers of a very loose monetary policy stimulating inflation; points out the need for the gradual tightening of monetary policyExpresses its deep concern about the high and increasing level of inflation in the euro area; recognises that inflation is always and everywhere a monetary phenomenon and urges the ECB to treat the current wave of inflation as such;
2022/02/17
Committee: ECON
Amendment 286 #

2021/2184(INI)

Motion for a resolution
Paragraph 16
16. Notes the problems and challenges related to home/host issuStresses the need for improvements in the cross-border provision of services to create a truly EU- wide banking sector and to improve the competitiveness of the sector and consumer choice; notes the problems and challenges related to home/host issues that have hindered the ability to offer cross- border services; points out that greater market integration requires credible safeguards in EU law for host Member States;
2022/02/17
Committee: ECON
Amendment 292 #

2021/2184(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Regrets the Commission’s proposal to apply the output floor to the group level only; is of the opinion that applying the output floor on a fully consolidated basis would ensure a more stable banking system; stresses that this approach is advocated almost unanimously by the central banks of the euro area1a; _________________ 1a https://www.bundesbank.de/resource/blob /622916/d2f24fc04317cee9e152cafa8f415 176/mL/2021-09-07-letter-basel- agreement-data.pdf
2022/02/17
Committee: ECON
Amendment 300 #

2021/2184(INI)

Motion for a resolution
Paragraph 17
17. Stresses the need for effective anti- money laundering supervision; notwelcomes the Commission’s adoption of the anti- money laundering (AML) package of proposals; highlights that the establishment of an anti-money laundering authority (AMLA) at EU level will significantly increase the quality of the supervision over EU banks and ensure consistent supervision across the EU;
2022/02/17
Committee: ECON
Amendment 307 #

2021/2184(INI)

Motion for a resolution
Paragraph 18
18. Underlines the need to protect consumersat it should be borne in mind that the ultimate beneficiaries of a complete Banking Union should be the consumers and businesses of the real economy; highlights in this regard, that all measures taken towards the completion of the Banking Union should ensure that consumers are adequately protected from abuses and harmful practices;
2022/02/17
Committee: ECON
Amendment 319 #

2021/2184(INI)

Motion for a resolution
Paragraph 19
19. Welcomes the activities of the SRB in 2021, including the further completion of the Single Resolution Fund; takes note of the SRB’s work programme for the coming years, which includes making the effective resolution of all banks under the SRB possible by 2023; calls for the SRB to be entrusted with coordination powers over national authorities;
2022/02/17
Committee: ECON
Amendment 327 #

2021/2184(INI)

Motion for a resolution
Paragraph 20
20. Supports the specification of the public interest assessment criteria so that the SRM is applied in a more consistent and predictable manner and relies on objective thresholds; calls for the public interest assessment to be positive for all banks supervised by the Single Supervision Mechanism and cross-border groups; proposes that an alternative liquidation regime for small and medium- sized banks be considered; asks for a more proportionate setting of the minimum requirement for own funds and eligible liabilities (MREL) level;
2022/02/17
Committee: ECON
Amendment 344 #

2021/2184(INI)

Motion for a resolution
Paragraph 21 a (new)
21 a. Welcomes the adoption of the so- called “Daisy Chain” proposal by the Commission as a means to improve the resolution framework and creating a supervisory level playing field for the different resolution strategies;
2022/02/17
Committee: ECON
Amendment 375 #

2021/2184(INI)

Motion for a resolution
Paragraph 24
24. Considers that the main obstacles for EDIS are concerns about risks in some banking systems; stresses that the implementation of credible and effective risk reduction measures could enable an agreement on EDIS; recognises risk reduction as a precondition for the establishment of risk-sharing mechanisms such as EDIS;
2022/02/17
Committee: ECON
Amendment 382 #

2021/2184(INI)

Motion for a resolution
Paragraph 24
24. Considers that the main obstacles for EDIS are concerns about risks in some banking systems; stresses that the implementation of credible and effective risk reduction measures could enableis a necessary step for reaching an agreement on EDIS;
2022/02/17
Committee: ECON
Amendment 385 #

2021/2184(INI)

Motion for a resolution
Paragraph 24 a (new)
24 a. Considers that an extensive Asset Quality Review should be conducted before a bank can be admitted to any form of an EDIS in order to prevent hidden risks from emerging after having joined risk-sharing mechanisms;
2022/02/17
Committee: ECON
Amendment 388 #

2021/2184(INI)

24 a. Recalls that comparable and low NPL rates are a necessary precondition to the implementation of EDIS;
2022/02/17
Committee: ECON
Amendment 389 #

2021/2184(INI)

Motion for a resolution
Paragraph 24 b (new)
24 b. Considers that prudent risk management requires proper regulatory treatment of sovereign exposure; highlights in this regard that capital requirements must reflect the actual risk borne by banks in the market; stresses that the European debt crisis demonstrated that national government bonds are essentially not risk-free;
2022/02/17
Committee: ECON
Amendment 390 #

2021/2184(INI)

Motion for a resolution
Paragraph 24 c (new)
24 c. Stresses that the cost of any EDIS must be borne entirely by the banking system in order to prevent the taxpayer from having to contribute to failing banks;
2022/02/17
Committee: ECON
Amendment 391 #

2021/2184(INI)

Motion for a resolution
Paragraph 24 d (new)
24 d. Stresses that further integration must serve financial stability and should never undermine it; stresses in this regard in particular that banks must remain sufficiently capitalised at all times;
2022/02/17
Committee: ECON
Amendment 10 #

2021/2149(DEC)

Draft opinion
Paragraph 7 a (new)
7 a. Recognises that the aviation industry is fully committed to climate neutrality by 2050 and recalls the essential role played by the Undertaking to ensure net accelerations in green technologies aiming at reducing CO2 gas emissions and noise levels produced by aircrafts; believes that its successor, Clean Aviation, will play important role ensuring aviation sector's involvement in the European Green Deal;
2021/11/26
Committee: TRAN
Amendment 1 #

2021/2134(DEC)

Draft opinion
Paragraph 1 – point a (new)
(a) A. whereas the tasks of the Agency have expanded overtime to meet new maritime policy orientations and priorities; whereas the European Green Deal has emphasised the need to accelerate the transition to a zero pollution and climate neutral economy, including through the shift to sustainable mobility with the contribution of maritime transport; whereas the political orientations in the area of transport are reflected in the Sustainable and Smart Mobility Strategy adopted in December 2020, which announced the revision of EMSA’s mandate in its accompanying Action Plan;
2021/11/26
Committee: TRAN
Amendment 2 #

2021/2134(DEC)

Draft opinion
Paragraph 2
2. Notes that the Agency executed EUR 79,15 million in current year commitment appropriations representing 98,9 % of the total budget of the year and EUR 77,98 million in current year payment appropriations (96,1 % of the total budget); notes that 1,78 % of payment appropriations were cancelled, thereby complying with the target of less than 5 % cancellation set by the Commission; welcomes furthermore the improvement concerning the number of payments done out of the prescribed timeframes, which has declined1a _________________ 1aECA annual report on EU agencies for the financial year 2020, p. 133
2021/11/26
Committee: TRAN
Amendment 10 #

2021/2134(DEC)

Draft opinion
Paragraph 5
5. Welcomes the fact that in 2020 the Internal Audit Service of the Commission and the European Court of Auditors did not issue any critical recommendations or observations that could lead to a reservation in the annual declaration of assurance; however, stresses the need to minimise risks for internal budgetary control weaknesses as much as possible1a but welcomes the Agency’s measures of June 2021 as a response to that; _________________ 1aECA annual report on EU agencies for the financial year 2020, p. 130
2021/11/26
Committee: TRAN
Amendment 11 #

2021/2134(DEC)

Draft opinion
Paragraph 5 a (new)
5 a. Highlights that maritime safety and environmental legislation is being updated in parallel with the launch of the revision of EMSA’s mandate; furthermore, highlights the role EMSA could play in enhancing risk-assessment capabilities in safety domains, including for alternative fuels infrastructure deployment; therefore stresses that adjustments may need to be made accordingly in EMSA’s mandate to ensure the Agency can enhance its support, possibly accompanied by budgetary means;
2021/11/26
Committee: TRAN
Amendment 3 #

2021/2097(INI)

Motion for a resolution
Citation 19 a (new)
— having regard to the European Securities and Markets Authority's final report of 23 September 2020 on the MAR Review,
2021/11/25
Committee: ECON
Amendment 28 #

2021/2097(INI)

Motion for a resolution
Recital E
E. whereas complex refund procedures increase the administrative burden for cross-border investments, particularly SME and individual investors, and may create an obstacle to market integration and the advancement of the Capital Markets Union;
2021/11/25
Committee: ECON
Amendment 49 #

2021/2097(INI)

Motion for a resolution
Recital G
G. whereas the cum-ex and cum-cum schemes both involve reclaims of dividend withholding tax to which the beneficiaries were not entitled and have been ruled illegal; together the schemes are estimated to have imposed a total cost to taxpayers of about EUR 55 billion between 2001 and 2012 in the 11 Member States concerned;
2021/11/25
Committee: ECON
Amendment 82 #

2021/2097(INI)

Motion for a resolution
Paragraph 6
6. Calls on the Commission and the Member States to set up a harmonised withholding tax framework that ensures that all dividend, interest and royalties payments flowing out the EU are taxed at a minimum effective tax ratewill reduce the complexity for investors and stem the practice of "treaty-shopping"; the Commission may consider mesures such as the standardisation of the reclaims procedure or the introduction of a minimum effective tax rate on all dividend, interest and royalties payments flowing out the EU;
2021/11/25
Committee: ECON
Amendment 92 #

2021/2097(INI)

Motion for a resolution
Paragraph 7
7. Recalls the proposal by 10 Member States to include an effective minimum tax rate for royalties and interest in the context of the IRD; urges the Council to swiftly resume and conclude the negotiations on the IRD and encohas been a contributing factor to the stalling of negotiations on the reform of the Directive; urages the inclusion of such a measure in the announced directive for the implementCouncil to swiftly resume and conclude the negotiations of Pillar IIn the IRD;
2021/11/25
Committee: ECON
Amendment 98 #

2021/2097(INI)

Motion for a resolution
Paragraph 8
8. Notes that the lack of an effective minimum tax rate on dividend payments to shareholders has triggered a race to the bottom in this field; calls for the adoption of an effective minimum tax rate for dividend payments to shareholders in the EU, thereby reducing harmful tax competition in this realm;deleted
2021/11/25
Committee: ECON
Amendment 123 #

2021/2097(INI)

Motion for a resolution
Paragraph 11
11. Calls on the Commission to enhance cooperation and mutual assistance between tax authorities, financial market supervisory authorities and, where appropriate, law enforcement bodies regarding the detection and prosecution of withholding tax reclaim schemes; takes note in this regard of ESMA's recommendation to the Commission to remove the legal limitations to the exchange of information between these authorities1a; shares ESMA's concern that withholding tax reclaim schemes are rarely confined to EU borders1b and therefore stresses the importance of continued international cooperation on this matter; _________________ 1aEuropean Securities and Markets Authority (ESMA), MAR Review Report, [ESMA70-156-2391], 23 September 2020, paragraph 624 1bEuropean Securities and Markets Authority (ESMA), MAR Review Report, [ESMA70-156-2391], 23 September 2020, paragraph 617
2021/11/25
Committee: ECON
Amendment 143 #

2021/2097(INI)

Motion for a resolution
Paragraph 14
14. NotStrongly welcomes the Commission’s intention to put forward a proposal by the end of 2022 establishing a European withholding tax framework for dividend, interest or royalty payments, accompanied by a mechanism for the exchange of information and cooperation among tax administrations;
2021/11/25
Committee: ECON
Amendment 151 #

2021/2097(INI)

Motion for a resolution
Paragraph 15
15. Encourages the development of a harmonised EU procedure for withholding tax refunds for all Member States, thereby addressing the concerns about regulatory discrepancies; calls on the Commission to consider, as part of this harmonisation, inter alia, the introduction of a standardised format and process for reclaim requests, the lack of a uniform definition of "beneficial owner", the alignment of the time periods for request and reclaim, and language barriers;
2021/11/25
Committee: ECON
Amendment 161 #

2021/2097(INI)

Motion for a resolution
Paragraph 16
16. Notes that digitalising these procedures and improving cooperation between national tax administrations could reduce the administrative burden and uncertainty in cross-border investments in the short-term; in the mid- to long-term, calls the Commission to consider the possibility of developing and introducing a fully integrated, centralised and automated system to allow a seamless, and fraud-proof system for relief at source; calls on the Commission, in this regard, to take account of existing digital solutions in Member States and the potential benefits of using distributed ledger technology (DLT) as the foundations of such a system, and to consider the establishment of a pilot project;
2021/11/25
Committee: ECON
Amendment 5 #

2021/2075(INI)

Draft opinion
Paragraph 1
1. Stresses that lockdown has had a considerable impact on mobility demand and the choice of transport mode, especially in urban areas; notes that the social distancing introduced as part of sanitary measures in the EU has led citizens to take up mobility options other than public transport in order to avoid gatherings of people, leading also to an increasing use of private cars and the increase in CO2 emissions related to this;
2021/10/01
Committee: TRAN
Amendment 11 #

2021/2075(INI)

Draft opinion
Paragraph 1 a (new)
1 a. - 1a. Underlines that urban areas are home to nearly three quarters of the EU’s population which has led to an increased demand for urban mobility resulting in safety issues, severe congestion, poor air quality, noise emissions and high levels of CO2 emissions;
2021/10/01
Committee: TRAN
Amendment 16 #

2021/2075(INI)

Draft opinion
Paragraph 1 b (new)
1 b. -1b. Points out that the transport sector has been among the most severely hit by the COVID-19 pandemic outbreak, stresses however that the transport sector has played a vital role in maintaining essential connectivity and in delivering the critical goods and services;
2021/10/01
Committee: TRAN
Amendment 28 #

2021/2075(INI)

Draft opinion
Paragraph 2
2. StressesBelieves that COVID-19 crisis has shown the need for new urban planning and mobility solutions in order to make urban areas more resilient and adaptable to mobility demand and it should be an occasion to reduce transport congestion and greenhouse emissions; stresses, in this respect, the need for local authorities to reengineer public transport in order to ensure safe, healthy and environmentally sustainable commuting options and to complement public transport with on- demand and shared transport services, as well as to adapt the infrastructure and reorganise the management of space to include active mobility and sustainable freight;
2021/10/01
Committee: TRAN
Amendment 45 #

2021/2075(INI)

Draft opinion
Paragraph 3
3. Calls for a revision of the Commission guidelines on developing and implementing sustainable urban mobility plans to include a new objective to improve the resilience of mobility systems in case of rapid fluctuations in mobility demandRecalls that the EU has actively promoted the concept of sustainable urban mobility planning for several years and is committed to supporting national, regional and local authorities during the process of developing and implementing Sustainable Urban Mobility Plans(SUMPs), including through funding instruments and technical expertise; calls for a revision of the Commission guidelines on developing and implementing sustainable urban mobility plans to include a new objective to improve the resilience of mobility systems in case of rapid fluctuations in mobility demand; calls furthermore to include provisions on reinforced cooperation, information exchange and sharing of best practices among municipalities to improve public and private transport management and increase the level of satisfaction of transport users in urban areas;
2021/10/01
Committee: TRAN
Amendment 54 #

2021/2075(INI)

Draft opinion
Paragraph 3 a (new)
3 a. Calls on the Commission to come up with proposals, in its upcoming revised Urban Mobility Package, to accelerate the digitalisation of urban mobility, in order to deploy Mobility-as-a-Service (MaaS) and to ensure the introduction of digital ticketing payments, integrated tickets, digitalisation of operations, such as touchless buttons and the sharing of real- time mobility flows;
2021/10/01
Committee: TRAN
Amendment 66 #

2021/2075(INI)

Draft opinion
Paragraph 4
4. Recognises that urban logistics are an essential public service, such as postal, delivery vehicles and garbage trucks, are an essential public service which increased demand requires new space for more frequent and safe stops of logistics operators; calls on local authorities to develop dedicated sustainable urban logistics plans, including clear policies on loading and unloading area, that integrate freight into the planning of more dynamic and flexible uses of curb space;
2021/10/01
Committee: TRAN
Amendment 72 #

2021/2075(INI)

Draft opinion
Paragraph 4 a (new)
4 a. Welcomes the Commission’s intention to engage with cities and Member States to ensure that all large cities that are urban nodes on the TEN-T network put in place their own sustainable urban mobility plans by 2030 and believes that the Commission should support also all other local authorities that are willing to do so; urges moreover the Commission to propose legislation requiring Member States to collect and submit regularly relevant data on urban mobility;
2021/10/01
Committee: TRAN
Amendment 74 #

2021/2075(INI)

Draft opinion
Paragraph 4 b (new)
4 b. Recalls that for the 2014-2020 period, the EU, provided some €16.5 billion for urban mobility, mainly for clean transport (metro and tramway), but also for cycle paths and intelligent transport systems; stresses such EU- funded projects should always be based on comprehensive multi-annual urban mobility strategies;
2021/10/01
Committee: TRAN
Amendment 79 #

2021/2075(INI)

Draft opinion
Paragraph 5
5. Calls on the Member States and local authorities to reassess their investments in urban mobility and to give priority to digital infrastructure that will improve the general experience of all passengers, including people with reduced mobility, and be adapted to the post- COVID-19 needs of transport workers;
2021/10/01
Committee: TRAN
Amendment 104 #

2021/2075(INI)

Draft opinion
Paragraph 6 a (new)
6 a. Recalls that the urban tourism has played an essential part in creating the design for urban policies; points out that most of EU cities that have suffered from tourism’s drawbacks following the outbreak of the pandemic and they had to search for new and more sustainable modi operandi to restore tourism, leading to an intense use of new digital technologies, that have allowed to better manage urban spaces and the movement of the urban tourists in order to prevent the formation of large groups and risky situations in the context of pandemic;
2021/10/01
Committee: TRAN
Amendment 118 #

2021/2075(INI)

Draft opinion
Paragraph 7
7. Reiterates that sustainable development and the management of urban tourism need to be fully integrated into the wider urban agenda and calls on the Commission to take tourism into account when drawing the new Urban Mobility Package.
2021/10/01
Committee: TRAN
Amendment 72 #

2021/2074(INI)

Motion for a resolution
Paragraph 1
1. Recalls that Member States are free to decide on their own economic policies and in particular their own tax policies; emphasises that it logically follows that decisions in the Council regarding tax matters require unanimity; recalls, however, that Member States must exercise this competence consistently with Union law;
2021/10/28
Committee: ECON
Amendment 92 #

2021/2074(INI)

Motion for a resolution
Paragraph 4
4. Notes that tax base harmonisation such as the common corporate tax base or the ‘Business in Europe: Framework for Income Taxation’ could reduce the cost of tax compliance for SMEs that operate in more than one Member State; stresses that its proposed introduction must not lead to direct or indirect taxation of companies by the EU;
2021/10/28
Committee: ECON
Amendment 46 #

2021/2063(INI)

Motion for a resolution
Recital E
E. whereas, without prejudice to the objective of price stability, the ECB should support the general economic policies in the Union with a view to was publicly discussed on how the ECB may contributinge to the achievement of the objectives of the Union as laid down in Article 3 TEU; whereas these objectives include the promotion of peoples’ well-being, economic, social and territorial cohesion, balanced economic growth, a highly competitive social market economy aiming at full employment and social progress, and a high level of protection and improvement of the quality of the environment, price stability stays the main objective of the ECB; together with its political neutrality and statutory independence, a maintained price stability will also positively affect the objectives of the Union as laid down in Article 3 TEU;
2021/10/13
Committee: ECON
Amendment 79 #

2021/2063(INI)

Motion for a resolution
Paragraph 2
2. WelcomesTakes note of the ECB Monetary Policy Strategy Review adopted unanimously and announced on 8 July 2021, which sets out how to achieve the primary objective of maintaining price stability and contribute to the achievement of the Union’s objectives without prejudice to the objective of price stability;
2021/10/13
Committee: ECON
Amendment 84 #

2021/2063(INI)

Motion for a resolution
Paragraph 3
3. Is deeply concerned about the unprecedented healthcare, social and economic crisis caused by the COVID-19 pandemic, resulting in a sharp contracthaving negative repercussions ofn the euro area economy, a sharp increase in economic and social inequalities, and rapidly deteriespecially in countries that have been vulnerable before; emphasises in this context the importance of fiscal discipline and economic conditionality to prevent or ating labour market conditions; notes that euro area activity is expected to rebound, although the speed, scale and evenness of the rebound remains highly uncertain least mitigate economic crises as a predictable consequence of natural crises; notes that euro area activity is expected to rebound, what can be accelerated by triggering smart investments and implementing outstanding reforms;
2021/10/13
Committee: ECON
Amendment 94 #

2021/2063(INI)

Motion for a resolution
Paragraph 4
4. Stresses that sustainable growth, resilience and price stability cannot be achieved by monetary policy alone and that supportive and discretionary fiscal policy and socially balanced andAcknowledges President Lagarde’s call for full alignment of fiscal and monetary policies in tackling the COVID- 19 crisis while emphasising the ECB's neutrality when it comes to political decisions activating productivity- enhancing reforms and investments are also necessary; acknowledges President Lagarde’s call for full alignment of fiscal and monetary policies in tackling the COVID-19 crisis;
2021/10/13
Committee: ECON
Amendment 101 #

2021/2063(INI)

Motion for a resolution
Paragraph 5
5. Agrees withTakes note of the ECB President’s statement of 10 June 2021 that ‘an ambitious and coordinated fiscal stance remains crucial, as a premature withdrawal of fiscal support would risk weakening the recovery and amplifying the longer-term scarring effects’; but also reminds that long-term fiscal support is not replacing long-term reforms aiming at investments reviving our European economy and making Europe a front runner in international competition;
2021/10/13
Committee: ECON
Amendment 119 #

2021/2063(INI)

Motion for a resolution
Paragraph 7
7. EchoAcknowledges President Lagarde’s call for the revision and simplification of the Stability and Growth Pact to be carried out before the deactivation of the general escape clause; in which ideally the disbursement of cohesion funds should be linked to compliance with the Fiscal Pact by the respective Member State and which, following an excessive deficit procedure, should provide for automatic sanctions against Member States, sanctions that cannot be politically undermined;
2021/10/13
Committee: ECON
Amendment 129 #

2021/2063(INI)

Motion for a resolution
Paragraph 8
8. WelcomesTakes note of the ECB’s substantially eased monetary policy stance in response to the COVID-19 crisis, which includes the introduction of the pandemic emergency purchase programme (PEPP), the relaxation of the eligibility and collateral criteria and the offer of new longer-term refinancing operations; welcomes, moreover, the ECB’s decision to maintain instruments, such as forward guidance, asset purchases andreminds of the controversy of asset purchase programmes and the need for the ECB to provide detailed proof of the proportionality and the impact assessment of longer-term refinancing operations, as an integral part of its toolkitresponsibility towards national parlaments;
2021/10/13
Committee: ECON
Amendment 134 #

2021/2063(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the ECB’s decision to continue to conduct net asset purchases at a significantly higher pace under the PEPP until at least the end of March 2022;deleted
2021/10/13
Committee: ECON
Amendment 153 #

2021/2063(INI)

Motion for a resolution
Paragraph 10
10. WelcomesTakes note of the ECB’s expectation that monthly net asset purchases under the asset purchase programme (APP) will continue to run for as long as necessary to reinforce the accommodative impact of its policy rates;
2021/10/13
Committee: ECON
Amendment 205 #

2021/2063(INI)

Motion for a resolution
Paragraph 14
14. Recalls that, as an EU institution, the ECBTakes note of the ECB's statement that tackling the climate emergency touches not only upon its bound by the Paris Agreement and that this should be reflected in its policiessecondary but also upon its primary mandate, given that climate change and its consequences pose a threat to price stability;
2021/10/13
Committee: ECON
Amendment 219 #

2021/2063(INI)

15. Agrees with the ECB that tackling the climate emergency touches not only upon its secondary but also upon its primary mandate, given that climate change and its consequences pose a threat to price stabilityRecalls in this context that as being one of the EU Institutions, the ECB's main task is to maintain price stability that will create the right conditions and the foundation for politics and a policy also implementing the Paris Agreement;
2021/10/13
Committee: ECON
Amendment 226 #

2021/2063(INI)

Motion for a resolution
Paragraph 16
16. WelcomesTakes note of the ECB’s new action plan and its detailed roadmap of climate change-related actions to further incorporate climate change considerations into its policy framework;
2021/10/13
Committee: ECON
Amendment 233 #

2021/2063(INI)

Motion for a resolution
Paragraph 17
17. Believes that the market neutrality principle falls short of the commitmentsmust be maintained also and especially under the Paris Agreement and the EU’s objective of achieving climate neutrality by 2050 at the latest; notes that the ECB has already deviated from market neutrality in several instances;
2021/10/13
Committee: ECON
Amendment 261 #

2021/2063(INI)

Motion for a resolution
Paragraph 19
19. Welcomes the fact that the ECB is taking steps to incorporate climate-related risks into its collateral framework but warns against delays in its implementation; is concerned about the fact that the ECB continues to rely exclusively on private external credit rating agencies (CRAs) for risk assessment;
2021/10/13
Committee: ECON
Amendment 286 #

2021/2063(INI)

Motion for a resolution
Paragraph 21
21. IsAcknowledges existing concerneds about the risks caused by the serious delay in completing the third pillar of the banking union; welcomes the ECB’s long- standing support of the establishment of a fully fledged European Deposit Insurance Scheme (EDIS) but only after risk reduction has taken place; calls on the Commission to duly take into account the role of institutional protection schemes in protecting and stabilising member institutions first;
2021/10/13
Committee: ECON
Amendment 20 #

2021/2061(INI)

Motion for a resolution
Recital A
A. whereas the European Semester plays an essential role in coordinating economic and budgetary policies in the Member States which, primarily, serves to ensure sound public finances, to prevent excessive macroeconomic imbalances, to support structural reforms and to boost investment;
2021/07/15
Committee: ECON
Amendment 74 #

2021/2061(INI)

Motion for a resolution
Paragraph 1
1. Notes that the European economy is recovering faster than expected from the devastating impact of the global pandemic; remains concerned about low growth potential compared to other regions in the post-pandemic recovery;
2021/07/15
Committee: ECON
Amendment 88 #

2021/2061(INI)

Motion for a resolution
Paragraph 3
3. Points out that the roll-out of the temporary Recovery and Resilience Facility (RRF) will help to make EU economies and societies more sustainable, inclusive, resilient and better prepared for the green and digital transitions; notes that the facility, which is the centrepiece of NextGenerationEU, will provide large- scale financial support to Member States of up to EUR 672.5 billion in grants and loans to finance reforms and investments;
2021/07/15
Committee: ECON
Amendment 93 #

2021/2061(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Recalls that the debt issued to finance the Recovery and Resilience Fund is to be repaid by 2058, in a manner that ensures the steady and predictable reduction of liabilities;
2021/07/15
Committee: ECON
Amendment 95 #

2021/2061(INI)

Motion for a resolution
Paragraph 3 b (new)
3b. Is pleased that economic growth levels are rebounding even though the resources of the RRF have not yet been invested, demonstrating the resilience of the European economy;
2021/07/15
Committee: ECON
Amendment 97 #

2021/2061(INI)

Motion for a resolution
Paragraph 3 c (new)
3c. Recognizes the European solidarity underlying the establishment of the RRF; stresses in this regard the importance of Country Specific Recommendations linked to the approval of national recovery and resilience plans;
2021/07/15
Committee: ECON
Amendment 101 #

2021/2061(INI)

Motion for a resolution
Paragraph 4
4. Is pleased that, according to the Commission, economic activity in the EU is expected to pick up in all Member States, with acceleration as of the second half of 2021, as containment measures are gradually relaxed and vaccination progresses, reflecting the growth impulse stemming from the expected implementation of the national recovery and resilience plans; remains concerned, however, that the speed of the recovery will vary across Member States and regions;
2021/07/15
Committee: ECON
Amendment 119 #

2021/2061(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Reiterates its stance that a proper and credible economic governance framework is a necessary requirement for sustainable fiscal policies, debt and deficit trajectories ensuring credible paths of debt reduction; stresses the importance of a sustainable debt level for the real economy;
2021/07/15
Committee: ECON
Amendment 122 #

2021/2061(INI)

Motion for a resolution
Paragraph 5 b (new)
5b. Notes that the EU should strive for a "Maastricht 2.0", namely automatic sanctions against Member States that persistently violate the principles of public budget management, including non- financial sanctions, such as the suspension of the right to vote in the Council of Economic and Finance Ministers; calls on the Commission to ensure compliance of the Member States with the rules of the fiscal pact and make it a condition for accessing cohesion funds; calls furthermore on making the indicator for fiscal sustainability ("S2"), calculated by the European Commission, a binding component of the assessment of national budgets within the framework of the Stability and Growth Pact;
2021/07/15
Committee: ECON
Amendment 167 #

2021/2061(INI)

Motion for a resolution
Paragraph 9
9. Notes that Member States with high debt should use the RRF to finance additional investment to support the recovery in order to benefit from a lower interest rate, while pursuing a prudent fiscal policy; stresses the importance of the Member States using the potential of the RFF to support the necessary structural changes and the transformation to more globally competitive, future-proof, agile industries; agrees that the growth of nationally financed current expenditure should be kept under control and be limited for Member States with high debt, allowing fiscal measures to maximise support to the recovery without pre-empting future fiscal trajectories and creating a permanent burden on public finances;
2021/07/15
Committee: ECON
Amendment 184 #

2021/2061(INI)

Motion for a resolution
Paragraph 12
12. Notes that environmental sustainability, productivity, fairness, fiscal discipline and macroeconomic stability remain the guiding principles of the EU’s economic agenda; stresses, furthermore, that the digital transformation of our societies, businesses and economies is crucial in order to increase Europe’s productivity and competitiveness for a robust recovery, in line with the Digital Decade;
2021/07/15
Committee: ECON
Amendment 194 #

2021/2061(INI)

Motion for a resolution
Paragraph 13
13. Highlights that the RRF is an unprecedented opportunity for all Member States to address key structural challenges and investment needs, while embracing the green and digital transitions; Reiterates Parliament´s calls for the Commission to ensure balance between reforms and investments and consistency of the national plans, including new reforms, with existing achievements and challenges identified in the relevant CSR1a; _________________ 1a (2021/2738(RSP), paragraph 29.
2021/07/15
Committee: ECON
Amendment 198 #

2021/2061(INI)

Motion for a resolution
Paragraph 13
13. Highlights that the RRF is an unprecedented and unique opportunity for all Member States to address key structural challenges and investment needs, while embracing the green and digital transitions;
2021/07/15
Committee: ECON
Amendment 209 #

2021/2061(INI)

Motion for a resolution
Paragraph 14
14. Calls for a focus on fiscal structural reforms, including reforms enhancing efficient spending, and acknowledges that high-quality public finance resource management is crucial; Asks the Commission to thoroughly assess the arrangements proposed by the Member States to prevent, detect and correct corruption, fraud and conflicts of interest when using the funds provided under the RRF and to give a particular attention in this context that the national plans include all necessary reforms, together with relevant milestones and targets, in particular related to the relevant CSRs, where appropriate; urges the Commission to monitor very carefully the risks to EU financial interests in the implementation of the RRF of any breach or potential breach of the principles of the rule of law, with a detailed and in particular attention to public procurement; expects the Commission not to proceed with any payments under the RRF if milestones linked to measures to prevent, detect and correct corruption, fraud and conflicts of interest when using the funds provided under the RFF are not met5a; _________________ 5a (2021/2738(RSP), paragraph 42.
2021/07/15
Committee: ECON
Amendment 233 #

2021/2061(INI)

Motion for a resolution
Paragraph 16
16. Highlights that tackling structural challenges is crucial for a sustainable recovery and continued growth, and that implementing reforms to address structural vulnerabilities is key not only to improving the ability to withstand and cope with existing challenges but also to accomplishing the twin transitions in a sustainable and fair manner; Insists that all reforms and investments must be linked to milestones, targets and costing that are relevant, clear, detailed and adequately monitored, and in particular that ensure full compliance with the RRF Regulation and the EU acquis, representing clear commitments from Member States2a; is concerned about the fact that many national recovery and resilience plans focus on short-term investments3a; insists that the Commission devote particular attention to ensuring that the proposed reforms are genuine, new and more ambitious, starting as soon as possible4a; _________________ 2a (2021/2738(RSP), paragraph 35. 3a (2021/2738(RSP), paragraph 17. 4a (2021/2738(RSP), paragraph 28.
2021/07/15
Committee: ECON
Amendment 288 #

2021/2061(INI)

Motion for a resolution
Paragraph 20 a (new)
20a. Stresses in this regard that the RRF loans available raise national debt levels in some Member States, increasing the importance of fiscal discipline in the medium term;
2021/07/15
Committee: ECON
Amendment 294 #

2021/2061(INI)

Motion for a resolution
Paragraph 20 b (new)
20b. Recalls that the EU's debts need to be proportionately included in the assessment of the fiscal sustainability of the individual Member States;
2021/07/15
Committee: ECON
Amendment 2 #

2021/2046(INI)

Motion for a resolution
Citation 1 a (new)
— having regard to the sustainability initiative of the European Aviation industry: Destination 2050 – a route to net zero European aviation;
2021/05/27
Committee: TRAN
Amendment 22 #

2021/2046(INI)

Motion for a resolution
Recital A
A. whereas the Green Deal outlines that the transport sector needs to cut at least 90 %deliver a 90 % reduction of its emissions by 2050;
2021/05/27
Committee: TRAN
Amendment 52 #

2021/2046(INI)

Motion for a resolution
Recital E
E. whereas road transport is still dominant in freight transport and accounts for more than 73 % of all land transport while rail has only around a 17 % sharen freight accounts for more than 73 % , rail accounts for 17 % and inland waterways a bit more than 5 %;
2021/05/27
Committee: TRAN
Amendment 53 #

2021/2046(INI)

Motion for a resolution
Recital E
E. whereas road transport is still dominant in freight transport and accounts for more than 73 % of all land transport while rail has only aroundn freight accounts for more than 73 % , rail accounts for a 17 % share and inland waterways a bit more than 5 %;
2021/05/27
Committee: TRAN
Amendment 86 #

2021/2046(INI)

Motion for a resolution
Recital H
H. whereas the Commission report on the application of Directive 2014/94/EU on the deployment of alternative infrastructure identified shortcomings that could undermine the overall uptake of low and zero- emission vehicles;
2021/05/27
Committee: TRAN
Amendment 143 #

2021/2046(INI)

Motion for a resolution
Paragraph 2
2. CallsNotes that the success of the European Green Deal depends on making transport systems sustainable; calls therefore on the Commission and the Member States to prioritise their support to the sustainable and smart mobility transformation throughboth in the Next Generation EU recovery package and in the national and EU financing programmes;
2021/05/27
Committee: TRAN
Amendment 149 #

2021/2046(INI)

Motion for a resolution
Paragraph 2 – point a (new)
(a) Recalls that it is crucial to provide predictability and stability in order to create confidence for all economic actors in transport, including businesses, workers, investors and consumers; takes note of the milestones proposed by the Commission and believes that they should serve as indicative orientations to the overall achievement of the EU Green Deal objectives by 2030 and 2050;
2021/05/27
Committee: TRAN
Amendment 150 #

2021/2046(INI)

Motion for a resolution
Paragraph 2 – point b (new)
(b) Believes that the decarbonisation of transport should be carried out in full respect of the principle of technological neutrality, to avoid a lock in effect and to ensure the best technology available, while requiring common technical specifications as well as EU-wide availability for all technologies;
2021/05/27
Committee: TRAN
Amendment 156 #

2021/2046(INI)

Motion for a resolution
Paragraph 2 a (new)
2a. Recalls the strong lock-in effect due to the long term amortising needed for investments in transport infrastructure, calls on the Commission to ensure that investments already programmed are preserved, at least until the offer has matched the demand during the phase of the transition;
2021/05/27
Committee: TRAN
Amendment 165 #

2021/2046(INI)

Motion for a resolution
Paragraph 2 b (new)
2b. Urges the Commission to propose specific measures to allow for seamless cross-border car rentals in the Union as today’s car rental market is faced with obstacles when encountering high demands in areas as well as when consumers wish to return a rental car in a country different to the pick-up location;
2021/05/27
Committee: TRAN
Amendment 170 #

2021/2046(INI)

Motion for a resolution
Paragraph 2 c (new)
2c. Stresses the importance of transitional fuels for transport modes, especially where no other cost-competitive solution is available yet; in this regard, stresses the potential of liquefied natural gas (LNG) and compressed natural gas (CNG) as a transitional solution, while avoiding fossil fuel lock-ins and stranded assets;
2021/05/27
Committee: TRAN
Amendment 182 #

2021/2046(INI)

Motion for a resolution
Paragraph 3
3. Welcomes the Commission’s efforts to accelerate the uptake of zero- emission vehicles and zero-emission fuels; calls on the Commission to aim for higher numbers of zero-emission light- and heavy-duty vehicles by 2030 and to propose more stringent CO2 standards and air-pollutant emission standards;low- and zero-emission vehicles and low- and zero- emission fuels
2021/05/27
Committee: TRAN
Amendment 205 #

2021/2046(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Highlights the importance of a technology neutral life-cycle approach to the uptake of zero and low-emission vehicles, taking into account the use of raw-materials and recyclability of components;
2021/05/27
Committee: TRAN
Amendment 208 #

2021/2046(INI)

Motion for a resolution
Paragraph 3 b (new)
3b. Underlines that the green transition of the transport sector is a gradual process; acknowledges that electrification of heavy duty vehicles is at a very early stage, and that the transport sector will continue to rely on conventional fuels in the short and medium term, and most probably on other low emission fuels such as bio-methane, other sustainable biofuels and Power-to- X, in the long term;
2021/05/27
Committee: TRAN
Amendment 230 #

2021/2046(INI)

Motion for a resolution
Paragraph 4
4. Calls on the Commission to propose binding targets for public charging points as well as for hydrogenrecharging and refuelling stations; believes that Directive 2014/94/EU of the European Parliament and of the Council of 22 October 2014 on the deployment of alternative fuels infrastructure2 should be transformed into a regulation; _________________ 2OJ L 307 28.10.2014, p. 1.
2021/05/27
Committee: TRAN
Amendment 234 #

2021/2046(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Calls on the Commission to ensure alignment of the revision of the Trans- European Transport Network (TEN-T) Regulation, the AFID and the Trans- European Energy Networks (TEN-E) Regulation in order to boost the synergies and to smartly map out and plan charging infrastructure locations;
2021/05/27
Committee: TRAN
Amendment 238 #

2021/2046(INI)

Motion for a resolution
Paragraph 4 b (new)
4b. Calls on the Commission to adopt common standards to ensure interoperability, to coordinate and support Member States’ deployment of refuelling and recharging infrastructure, and to monitor progress;
2021/05/27
Committee: TRAN
Amendment 239 #

2021/2046(INI)

Motion for a resolution
Paragraph 4 c (new)
4c. Believes that the success of the uptake of alternative fuels will also depend on the consumers, in particular on the information, access to the infrastructure, prices, payments system they will be confronted with; calls therefore on the Commission to work closely with the Member States to tackle all these key issues to ensure that consumers will be put at the centre of their national policy frameworks;
2021/05/27
Committee: TRAN
Amendment 248 #

2021/2046(INI)

Motion for a resolution
Paragraph 5
5. Underlines that low- and zero- emission fuels, such as crenewable and low- carbon hydrogen and synthetic and bio- fuels, should be used in accordance with the ‘energy efficiency first’ principle and a system efficiency approach, mainly for those transport modes where direct electrification is not possible or not yet market-ready;
2021/05/27
Committee: TRAN
Amendment 263 #

2021/2046(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Notes that for the moment, an EU energy system having a significant proportion of hydrogen and renewable gases would be more cost-effective than one relying on extensive electrification;
2021/05/27
Committee: TRAN
Amendment 266 #

2021/2046(INI)

Motion for a resolution
Paragraph 5 b (new)
5b. Underlines that connectivity as well as territorial cohesion of remote and rural areas is guaranteed mainly by bus and coach transport; points out that long- distance buses are still more attractive because they are more affordable and available ; urges, therefore, the Commission to fully recognise the importance of bus and coach transport in its approach to sustainable and smart mobility;
2021/05/27
Committee: TRAN
Amendment 269 #

2021/2046(INI)

Motion for a resolution
Paragraph 5 c (new)
5c. Recognises the cultural heritage of historic vehicles. Therefore, urges the Commission to preserve the value of historical vehicles when legislating in the field of transport, in order to safeguard the European historical vehicle fleet;
2021/05/27
Committee: TRAN
Amendment 272 #

2021/2046(INI)

Motion for a resolution
Paragraph 6
6. Calls on the Commission to further support industrial alliances like the European Battery Alliance and the European Clean Hydrogen Alliance; stresses that the State aid rules relevant to transport should be revised to enable more public suppwelcomes the Commission's intention to revise the State aid rules relevant to transport to drive the sectort to develop and deploy clean and smart mobility technologies and their related industriesransition to sustainability; calls on the Commission and the Member States to support strategic value chains to achieve strategic autonomy;
2021/05/27
Committee: TRAN
Amendment 301 #

2021/2046(INI)

Motion for a resolution
Paragraph 7
7. Welcomes the announced proposals on sustainablerenewable and low-carbon fuels for aviation and maritime; underlines that any use of biosustainable fuels needs to meet the EU sustainability criteria, which takes life- cycle greenhouse gas emissions into account;
2021/05/27
Committee: TRAN
Amendment 308 #

2021/2046(INI)

Motion for a resolution
Paragraph 8
8. Calls on the Commission to provide incentives for, and support research into and the development and deployment of alternative propulsion systems that, such as the use of direct electricity or, fuel cells in the maritime and aviation sectors, and to support the development of more efficient combustion engines as well as dual fuels engines and turbines;
2021/05/27
Committee: TRAN
Amendment 314 #

2021/2046(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Takes note of the important role of seaports in the future of zero-emission mobility. Believes that building zero- emission ports will require a holistic approach in which efforts are shared between stakeholders in the port ecosystem. Stresses the importance of port-specific roadmaps, certification tools and sharing of best practice in order to deliver on the ambition of green ports;
2021/05/27
Committee: TRAN
Amendment 331 #

2021/2046(INI)

Motion for a resolution
Paragraph 8 b (new)
8b. Encourages the Commission to propose actions such as infrastructure changes and utilisation of artificial intelligence, aimed at reducing taxi emissions in airports;
2021/05/27
Committee: TRAN
Amendment 335 #

2021/2046(INI)

Motion for a resolution
Paragraph 8 c (new)
8c. Recognises the potential role of hydrogen in shipping and stresses the role of port infrastructure in supplying and producing hydrogen and renewable electricity for shipping. Underlines that investments are needed in order to future- proof the European port infrastructure;
2021/05/27
Committee: TRAN
Amendment 341 #

2021/2046(INI)

Motion for a resolution
Paragraph 8 d (new)
8d. Welcomes the Commission’s recognition of short sea shipping as a sustainable mode of transport. Underlines that ambitions to increase short sea shipping should be accompanied by a strategy taking into account the necessary investments in port infrastructure and the role of ports as multimodal points in the supply chain;
2021/05/27
Committee: TRAN
Amendment 345 #

2021/2046(INI)

Motion for a resolution
Paragraph 8 e (new)
8e. Believes that Sustainable Aviation Fuels could greatly contribute to achieve net-zero carbon emission in the sector by 2050, if accompanied by clear regulatory measures, transparent sustainable criteria and financial incentives;
2021/05/27
Committee: TRAN
Amendment 364 #

2021/2046(INI)

Motion for a resolution
Paragraph 9
9. Welcomes the Commission’s idea to offer consumers carbon-neutral choices for scheduled collective travel by 2030, but; underlines that these choices should be available for as many journeys up to 1 000 kmas possible while taking into account territorial features and cohesion;
2021/05/27
Committee: TRAN
Amendment 378 #

2021/2046(INI)

Motion for a resolution
Paragraph 10
10. Stresses the need to remove bottlenecks, to ensure interoperability and to complete missing cross-border links to improve interurban cross-country connections; urges the Commission take legislative action to ensure that Member States align their national transport plans or programmes to the TEN-T regulation;
2021/05/27
Committee: TRAN
Amendment 461 #

2021/2046(INI)

Motion for a resolution
Paragraph 12 a (new)
12a. Calls on the Commission to recognise that urban road goods transport plays a key role in providing essential services and goods in European cities; Therefore, underlines that it is essential that new initiatives do not harm a seamless supply chain;
2021/05/27
Committee: TRAN
Amendment 477 #

2021/2046(INI)

Motion for a resolution
Paragraph 13
13. Welcomes the Commission’s continued support to shift freight transport towards rail and inland waterways; regrets the fact that, despite these efforts, the share of road freight transport has increased in recent yearscalls on the Commission to propose mechanisms that would support the modal shift whilst ensuring competitiveness and innovation;
2021/05/27
Committee: TRAN
Amendment 535 #

2021/2046(INI)

Motion for a resolution
Paragraph 15
15. Welcomes the inclusion of the maritime sector in the EU emissions trading system (ETS) and the planned reduction of allowances allocated for free to the aviation sector; expects the Commission to present an update impact assessment that justifies the inclusion of the maritime transport sector in the EU ETS;
2021/05/27
Committee: TRAN
Amendment 562 #

2021/2046(INI)

Motion for a resolution
Paragraph 17
17. Insists on the phasing-out of direct and indirect fossil fuel subsidies by 2022 in the Union and in each Member State, and considers the revision of the Energy Taxation Directive as the best possibility to achieve a stable and predictabl; welcomes the initiative to revise the Energy Taxation Directive and transform it into an instrument aligning taxation policies to the energy and climate ctarbon pricegets for 2030 and 2050;
2021/05/27
Committee: TRAN
Amendment 572 #

2021/2046(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Highlights the potential of sustainable aviation fuels, especially in the short term; stresses the need to adopt common definitions on sustainable fuels in aviation and implement regulatory measures and financial incentives to boost both production and demand;
2021/05/27
Committee: TRAN
Amendment 585 #

2021/2046(INI)

Motion for a resolution
Paragraph 19
19. Welcomes the initiative to implement multimodal ticketing, andStresses that the current ticket distribution barriers hamper the multimodal experience of passengers and constitute market access barriers for new companies; welcomes the initiative to implement multimodal ticketing, where access to traffic and travel information is distributed in real time and granted in a non-discriminatory manner and without undue delay; encourages the Commission moreover to include public service obligations stakeholders in the process from the very beginning;
2021/05/27
Committee: TRAN
Amendment 600 #

2021/2046(INI)

Motion for a resolution
Paragraph 20
20. Welcomes the strategy’s backing of ongoing efforts to further roll out the European Rail Traffic Management System, the Single European Sky initiative, train automation and air traffic management, especially to increase capacity whilst addressing CO2 emissions;
2021/05/27
Committee: TRAN
Amendment 606 #

2021/2046(INI)

Motion for a resolution
Paragraph 21 a (new)
21a. Stresses the need to continue providing adequate funding in support of the SESAR Joint Undertaking and its goal to accelerate the digital transformation of European air traffic management, making it more scalable, sustainable and resilient to accommodate traffic demand, new users and unexpected disruptions;
2021/05/27
Committee: TRAN
Amendment 617 #

2021/2046(INI)

Motion for a resolution
Paragraph 23
23. Highlights that all means of digitalisation should be used to decrease greenhouse gas emissions and increase transport safety; believes that it is of vital importance to ensure that every step of digitalisation contributes to a lower overall transport volume and capacity;
2021/05/27
Committee: TRAN
Amendment 626 #

2021/2046(INI)

Motion for a resolution
Paragraph 23 a (new)
23a. Recalls that no mode of transport alone is capable of satisfying all mobility needs; welcomes the Commission’s intention to take action to boost intermodal transport and multimodality; in this respect, call for investments in seamless intermodal links, for instance between airports and the high-speed rail network;
2021/05/27
Committee: TRAN
Amendment 652 #

2021/2046(INI)

Motion for a resolution
Paragraph 24
24. Notes that the shift towards sustainable and smart mobility requires the sharing of data and proper data-integration and quality of data between all relevant stakeholders;
2021/05/27
Committee: TRAN
Amendment 657 #

2021/2046(INI)

Motion for a resolution
Paragraph 24 a (new)
24a. Stresses that “Mobility as a Service” can contribute to achieving emission reductions in road transport as well as providing a wide range of transport modes for EU citizens; therefore, urges the Commission to present guidelines in the field, ensuring a level playing field between operators;
2021/05/27
Committee: TRAN
Amendment 663 #

2021/2046(INI)

Motion for a resolution
Paragraph 25 a (new)
25a. Welcomes the Commission’s intention to support the deployment of drones and unmanned aircraft and in this respect calls to provide a robust regulatory and technological framework for the safe integration and sustainable exploitation of unmanned aircrafts, taking into account the research and innovation by SESAR Joint Undertaking;
2021/05/27
Committee: TRAN
Amendment 666 #

2021/2046(INI)

Motion for a resolution
Paragraph 26
26. Welcomes the Commission’s willingness to explore the benefits and possibilities of new transport modes, such as Hyperloop, unmanned aircrafts and autonomous vehicles;
2021/05/27
Committee: TRAN
Amendment 689 #

2021/2046(INI)

Motion for a resolution
Paragraph 27 a (new)
27a. Recalls the situation faced by the whole aviation sector as a result of the Covid-19 pandemic, welcomes the Commission’s proposal to modernise the aviation sector by revising the Air Services regulation, the Airport Slots Regulation, the Airport Charges Directive and the Code of Conduct for computerised reservation systems; believes moreover that these revisions should include preparedness mechanisms for future global disruptions and to reflect on economic, social, sustainable and connectivity aspects of aviation;
2021/05/27
Committee: TRAN
Amendment 709 #

2021/2046(INI)

Motion for a resolution
Paragraph 27 b (new)
27b. Believes that the COVID-19 pandemic outbreak has shown the need to improve the legal certainty of passengers’ rights to restore the consumers’ confidence and in this respect welcomes the Commission’s intention review the EU passengers’ rights and supports the development of a simplified, more consistent and harmonised multimodal framework for passenger rights;
2021/05/27
Committee: TRAN
Amendment 753 #

2021/2046(INI)

Motion for a resolution
Paragraph 29 a (new)
29a. Calls for the Commission to recognise and take into account the challenges faced by many transport workers in an inherently international industry;
2021/05/27
Committee: TRAN
Amendment 800 #

2021/2046(INI)

Motion for a resolution
Paragraph 32
32. Supports the Commission’s efforts to either establish a European Road Safety Agency or task an existing agency with supporting sustainable, safe and smart road transport;
2021/05/27
Committee: TRAN
Amendment 2 #

2021/2015(INI)

Motion for a resolution
Citation 5 a (new)
– having regard to the Commission White Paper of 28 March 2011 entitled ‘A Roadmap to a Single European Transport Area – Towards a competitive and resource efficient transport system’ (COM(2011)0144),
2021/04/30
Committee: TRAN
Amendment 6 #

2021/2015(INI)

Motion for a resolution
Citation 9 a (new)
– having regard to the planned revision of Regulation (EU) No 1315/2013 of the European Parliament and of the Council on Union guidelines for the development of the trans-European transport network and repealing Decision No 661/2010/EU (TEN-T regulation),
2021/04/30
Committee: TRAN
Amendment 7 #

2021/2015(INI)

Motion for a resolution
Citation 9 a (new)
– having regard to the planned revision of Council Directive 92/106/EEC of 7 December1992 on the establishment of common rules for certain types of combined transport of goods between Member States,
2021/04/30
Committee: TRAN
Amendment 9 #

2021/2015(INI)

Motion for a resolution
Citation 9 a (new)
– having regard to the Council conclusions of 5 June 2020 on “EU Waterborne Transport Sector – Future outlook: Towards a carbon-neutral, zero accidents, automated and competitive EU Waterborne Transport Sector”1b, _________________ 1b Document 7976/20
2021/04/30
Committee: TRAN
Amendment 13 #

2021/2015(INI)

Motion for a resolution
Citation 10 a (new)
– having regard to the Council conclusions of 15 November 2018 on Inland Waterway Transport – “See its potential and promote it!,”1a _________________ 1a Document 15144/18
2021/04/30
Committee: TRAN
Amendment 16 #

2021/2015(INI)

Motion for a resolution
Recital A
A. whereas European countries have a variety of different fleets of inland vessels, which makes inland waterway transport very convenient and useful for transporting different types and large quantities of cargo to different destinations on either large or small rivers, canals and lakes;
2021/04/30
Committee: TRAN
Amendment 23 #

2021/2015(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas inland waterways represent a very small part of freight transport in the EU and accounts for only 5% while road has a 75.3% share and rail 18.7%;
2021/04/30
Committee: TRAN
Amendment 24 #

2021/2015(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas, the total share of cross- border freight by our inland waterways is 54% on the Rhine-Alpine corridor, 35% on the North Sea-Mediterranean corridor and even 38% on the North Sea-Baltic corridor and whereas it is important to advance the completion of the TEN-T inland waterways core network as well the connection to the comprehensive network;
2021/04/30
Committee: TRAN
Amendment 25 #

2021/2015(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas the European waterway traffic relies on seamless and smooth cross-border connections, making the completion of the TEN-T core networks by 2030 of utmost importance;
2021/04/30
Committee: TRAN
Amendment 29 #

2021/2015(INI)

Motion for a resolution
Recital A c (new)
Ac. whereas the modal shift objectives of the 2011 White Paper on transport1c have not been reached; _________________ 1c28.03.2011 White Paper Roadmap to a Single European Transport Area - Towards a competitive and resource efficient transport system
2021/04/30
Committee: TRAN
Amendment 30 #

2021/2015(INI)

Motion for a resolution
Recital A c (new)
Ac. whereas the White Paper ‘Roadmap to a Single European Transport Area’ highlighted already in 2011 that the modal share of inland waterways in Europe needs to be increased and that insufficient progress has been achieved since then;
2021/04/30
Committee: TRAN
Amendment 35 #

2021/2015(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas drought and climate change are among the major problems for European inland waterway transport. In several European regions, inland waterway transport was hard hit by the long drought period in 2018 with extremely low water levels; whereas the consequences were devastating for the Rhine and its tributaries, the Upper and Middle Danube and the Upper and Middle Elbe; whereas in Germany, this led to a decline of EUR 5 billion in industrial production; whereas furthermore, in Northern Europe, the inland water areas are frozen during the most severe winter months and the traffic season has to be stopped;
2021/04/30
Committee: TRAN
Amendment 38 #

2021/2015(INI)

Motion for a resolution
Recital B b (new)
Bb. whereas the modal shift from road to inland waterways not only concerns freight but also passenger transport - notably in urban areas. As 50% of the EU population lives close to the sea and along rivers, inland waterway passenger transport offers an environmentally friendly alternative in terms of both energy consumption and noise emissions. It also contributes to decongesting overloaded road networks and provides an alternative for road infrastructure expansion in densely populated areas;
2021/04/30
Committee: TRAN
Amendment 41 #

2021/2015(INI)

Motion for a resolution
Recital C
C. whereas river cruises, ferries, water taxis and water shuttles should become a cleaner option for tourism and public transport in regions and cities with accessible and navigable rivers and canal, canals and lakes, which would make urban mobility more sustainable and effective;
2021/04/30
Committee: TRAN
Amendment 46 #

2021/2015(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas inland waterway transport could play an important role for maritime transport in terms of digitalisation development and creating scale regarding zero-emission propulsion solutions (e.g. electrification as well as hydrogen);
2021/04/30
Committee: TRAN
Amendment 49 #

2021/2015(INI)

Motion for a resolution
Recital C b (new)
Cb. whereas the procedures to obtain a certificate for a hydrogen vessel are still very lengthy. In addition, for a series of hydrogen vessels (with exactly the same technical characteristics), applications have to be submitted for every single vessel separately. This kind of administrative burden discourages private investments and therefore slows down the technological progress and thus the improvement of cost-efficiency;
2021/04/30
Committee: TRAN
Amendment 50 #

2021/2015(INI)

Motion for a resolution
Recital C c (new)
Cc. whereas the role of contractors in the entire supply chain is important to take into account in order to improve the business case for sustainable investments in the inland waterway transport sector;
2021/04/30
Committee: TRAN
Amendment 51 #

2021/2015(INI)

Motion for a resolution
Recital C d (new)
Cd. whereas zero emission technologies are not yet viable at scale in the inland waterway transport sector due to poor technical maturity, lack of infrastructures and competitive prices;
2021/04/30
Committee: TRAN
Amendment 52 #

2021/2015(INI)

Motion for a resolution
Recital C e (new)
Ce. whereas the inland waterway transport sector ensured the continued distribution of essential goods during the COVID-19 pandemic, with certain sectors even experiencing peaks in their traffic, thus proving its flexibility and resilience;
2021/04/30
Committee: TRAN
Amendment 59 #

2021/2015(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Welcomes the Commission’s intention in the Strategy for Sustainable and Smart Mobility to shift more goods from road to inland waterways and short sea shipping; stresses however the high untapped potential and manoeuvre for inland waterway transport to grow; therefore calls on the Commission to show more ambition by putting the modal shift goals for inland waterway transport on the same level as rail (i.e. a raise of 50% by 2030 and a twofold increase by 2050);
2021/04/30
Committee: TRAN
Amendment 62 #

2021/2015(INI)

Motion for a resolution
Paragraph 1 b (new)
1b. Stresses that regional and (inter-) urban freight transport and logistics by inland waterways should be encouraged in countries and regions where this could become a valuable alternative in order to accomplish the much needed modal shift; in this regard, stresses that investments are needed in more flexible and innovative ship designs and in the greening of the existing inland waterway transport fleet in order to become a serious competitive alternative to road transport;
2021/04/30
Committee: TRAN
Amendment 67 #

2021/2015(INI)

Motion for a resolution
Paragraph 2
2. Stresses that more investment in updating river and canalphysical and digital waterway infrastructure (for example, locks, bridges and interoperable deployment of digital technologies across borders) is key in order to maintain the reliability of inland waterway transport and boost the competitiveness of the sector, while respecting the applicable environmental law;
2021/04/30
Committee: TRAN
Amendment 77 #

2021/2015(INI)

Motion for a resolution
Paragraph 2 a (new)
2a. Stresses the importance of improving the hinterland connections of inland ports with rail networks and of increasing their storage capacity in order to enhance supply chain performance;
2021/04/30
Committee: TRAN
Amendment 82 #

2021/2015(INI)

Motion for a resolution
Paragraph 3
3. Notes that there is not a ‘one size fits all’ solution for tackling the problem of low water levels as a result ofwhich could worsen due to climate change effects; deplores, however, that the problems of the inland waterway sector, caused by the low water levels, have not been taken duly into account while solutions are available; therefore stresses that coherent action needs to be taken, such as fleet adaptation (type of ships, quantity of fleet, spare capacity), optimisation of ship design, taking into account the inland waterway vessel’s versatility, better infrastructure management and development, improved water level information and forecasting as well as cooperation with rail during low water periods, time-charter contracts for vessels which are able to operate during low water tide periods, implementation of digital tools and increasing storage capacity in ports;
2021/04/30
Committee: TRAN
Amendment 89 #

2021/2015(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Calls on the Commission, Member States' public authorities and stakeholders to cooperate, in order to take the necessary measures to ensure a climate resilient, future proof, year-around and flexible inland waterway infrastructure taking into account aspects and possibilities of multimodality; considers that national and international authorities managing inland waterways should be fully mobilised in the adoption and implementation of any measure aimed to tackle extreme climate conditions in order to enable year round navigation;
2021/04/30
Committee: TRAN
Amendment 93 #

2021/2015(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Stresses the potential of inland waterways for transporting dangerous goods and waste, which requires investments in adequate and safe infrastructures and vessels as well as a skilled workforce;
2021/04/30
Committee: TRAN
Amendment 102 #

2021/2015(INI)

Motion for a resolution
Paragraph 4
4. Highlights the importance of further encouraging and supporting initiatives aimed at the use of alternative fuels and propulsion methods for shipping in accordance with the principle of technological neutrality; points out, in this regard, the value of liquefied natural gas (LNG) as a transitional solution to reduce greenhouse gas emissions and other air pollutants in inland waterway transport; notes that the existing, technically mature vessels and distribution infrastructure now based on LNG could be used for biogas and will therefore be essential in scaling up Bio-LNG as a marine fuel;
2021/04/30
Committee: TRAN
Amendment 113 #

2021/2015(INI)

Motion for a resolution
Paragraph 5
5. Highlights that low-emission and zero-emission alternatives should become more financially attractive than conventional propulsions and that this trend should be accelerated, for example by a realistic, progressively increasing blending percentage based on an impact assessment; considers furthermore that Member States should have the opportunity to set a decreasing or zero tax rate for the use of shore-side electricity and zero-emission fuels;
2021/04/30
Committee: TRAN
Amendment 115 #

2021/2015(INI)

5a. Stresses that a European emission labelling scheme for IWT that ensures availability of information on the energy performance of ships, promotes energy efficiency and creates a stable environment for investment decisions, should be assessed; highlights that this scheme must aim to effectively reduce emissions and assist the sector by providing improved access to funding, loans and guarantees based on its emission performance, improve emission monitoring, create benefits by incentivising port authorities to differentiate port infrastructure charges, ultimately raising the sector's attractiveness as a whole;
2021/04/30
Committee: TRAN
Amendment 119 #

2021/2015(INI)

6a. Believes that in view of our climate goals, the shipping sector is able to offer more sustainable and future-proof transport; stresses that public authorities should play a connecting and coordinating role in this development phase and engage with all interested stakeholders, including users of inland waterways and the shipbuilding industry; therefore stresses that support for innovation, a European financing plan, the facilitation of certification and permission to sail on alternative fuels are therefore strongly needed;
2021/04/30
Committee: TRAN
Amendment 121 #

2021/2015(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Stresses that bridge technologies taking into account the specificities of the different fleets are currently being used, such as diesel-electric powertrain configurations or the use of biofuels, while innovation efforts and investments in the deployment at large scale of full zero-emission powertrains using battery electric or fuel cell technologies need to be strengthened;
2021/04/30
Committee: TRAN
Amendment 124 #

2021/2015(INI)

Motion for a resolution
Paragraph 6 b (new)
6b. Highlights that greening the fleet should focus on reducing other sources of pollution as well, as the pollution of rivers is not limited to CO2 emissions only; therefore, highlights the importance of providing waste discharge facilities in ports as well as promoting the use of innovative anti-fouling paint and advanced hull maintenance technology (e.g. underwater drones);
2021/04/30
Committee: TRAN
Amendment 126 #

2021/2015(INI)

Motion for a resolution
Paragraph 6 b (new)
6b. Stresses that the development of alternative energy sources for vessels requires suitable on-shore power supply and refuelling infrastructures;
2021/04/30
Committee: TRAN
Amendment 127 #

2021/2015(INI)

Motion for a resolution
Paragraph 6 c (new)
6c. Stresses the importance of ensuring a sound and crosscutting management of the water resource, which implies administering the hydraulic system, fostering the development of hydroelectricity, guaranteeing the different uses of water and preserving biodiversity; stresses, therefore, that water management shall involve transport, energy, agricultural and industrial stakeholders;
2021/04/30
Committee: TRAN
Amendment 128 #

2021/2015(INI)

Motion for a resolution
Paragraph 6 c (new)
6c. Calls on the Commission to provide a practical guide and toolbox on the possibilities of sustainable fuel options and technologies for inland waterway and short sea ships in order to support ship- owners in their decision-making; highlights that it should focus on inland waterway and short sea ship types given their similar technical characteristics;
2021/04/30
Committee: TRAN
Amendment 130 #

2021/2015(INI)

Motion for a resolution
Paragraph 7
7. Notes that far-reaching digitalisation and data collection contributes to a cleaner environment and improved safety on board and result in more efficient routing and better communication and information exchange between ships, ports and infrastructure; stressespoints out that digitalisation could bring significant benefits for the collection and analysis of data related to the inland waterway transport sector, for the safety and for energy efficiency reasons, contributing to further emission reduction; stresses in this regard the need to further harmonise River Information Services (RIS), which wouldaiming to solve the problems arising from different interpretations of technical standards and the lack of comparable data, and underlines the need to prepare for interoperable data exchange with other modes of transport;
2021/04/30
Committee: TRAN
Amendment 135 #

2021/2015(INI)

Motion for a resolution
Paragraph 7 a (new)
7a. Calls on the Commission to ensure a harmonised digital use and acceptance of electronic crew and vessel documents throughout the EU as soon as possible, which ensures improvement of the efficiency and attractiveness of inland waterway transport and its smooth interaction and integration with other transport modes and increases interoperability of data exchange systems in the context of the entire logistics chain;
2021/04/30
Committee: TRAN
Amendment 138 #

2021/2015(INI)

Motion for a resolution
Paragraph 7 b (new)
7b. Stresses the importance of using space data and services for inland waterway transport services, leading to a safer, more sustainable, efficient and competitive sector; considers that in particular new Galileo, EGNOS and Copernicus services should be included in the review of the ITS Directive and other smart mobility legislative initiatives;
2021/04/30
Committee: TRAN
Amendment 139 #

2021/2015(INI)

Motion for a resolution
Paragraph 7 c (new)
7c. Stresses the importance of collecting data on the European logistics system in coordination with relevant stakeholders in preparation for the Combined Transport Directive proposal and other measures leading to more efficient logistics planning and use of physical infrastructure; moreover, calls on the Commission to come up with an intermodal overview on the flow of goods and containers entering Europe as well as the routes the goods follow to their end destination as this could help when drawing up effective modal shift policy;
2021/04/30
Committee: TRAN
Amendment 140 #

2021/2015(INI)

Motion for a resolution
Paragraph 8
8. Stresses the importance of connecting existing digital transport policy frameworks and of making sure that transport data are available through a single point of access in order to achieve efficiency gains in waterborne freight transport; calls on the Commission in this regard to come up with an EU action plan for multimodal transport data sharing, with the goal of achieving a synchromodal, connected and automated transport system by 2035 at the latest; considers that a dedicated governance structure is needed to continuously and regularly monitor, evaluate and improve in order to use the most updated technologies and innovation;
2021/04/30
Committee: TRAN
Amendment 142 #

2021/2015(INI)

Motion for a resolution
Paragraph 8
8. Stresses the importance of connecting existing digital transport policy frameworks and of making sure that transport data are available through a single point of access in order to achieve efficiency gains in waterborne freight transport and to ensure interoperability of data with other modes of transport; calls on the Commission in this regard to come up with an EU action plan for multimodal transport data sharing, with the goal of achieving a synchromodal, connected and automated transport system by 2035 at the latest;
2021/04/30
Committee: TRAN
Amendment 147 #

2021/2015(INI)

Motion for a resolution
Paragraph 9
9. Highlights that increased automation brings the reality of synchromodal transport in Europe closer; insists therefore on the need for a European Roadmap for Smart and Autonomous Inland Waterway Transport Systems that supports research, the development and successful implementation of smart ships and ports, and digital interoperability; calls on the Commission, based on an impact assessment and a broad consultation with all relevant stakeholders, to consider the necessary revisions of all related legislation in order to facilitate the uptake of autonomous shipping, particularly concerning the responsibilities of crew in emergencies or system failure, clarification of liability issues in case of damages, and more in general on the safety aspects of autonomous vessels, in order to achieve a certain level of harmonisation at EU level1d; stresses that this would help to ensure the safety of autonomous vessels and thereby increase the uptake of the technology across Europe; insists therefore on the need for a European Roadmap for Smart and Autonomous Inland Waterway Transport Systems that supports research, the development and successful implementation of autonomous ships, smart ports, and digital interoperability, as well as ensures the deployment of remote vessel control and remote lock management; in this regard, stresses the need for smart infrastructure as well as the necessary training, up- skilling and re-skilling of crew, which could be supported under the social investments and skills window in the InvestEU programme; _________________ 1dEuropean Commission Joint Research Centre (JRC) 2021 Report ‘Waterborne transport in Europe - the role of Research and Innovation in decarbonisation - An analysis of waterborne transport, based on the Transport Research and Innovation Monitoring and Information System(TRIMIS)’, p. 53. Furthermore, preliminary results from the Horizon 2020 EGNSS Hull-to-Hull (H2H) project show that the EU navigation systems EGNOS, Copernicus and Galileo contribute to improving navigation decisions and conditions for autonomous vessels: https://cordis.europa.eu/project/id/775998 /results.
2021/04/30
Committee: TRAN
Amendment 154 #

2021/2015(INI)

Motion for a resolution
Paragraph 9 a (new)
9a. Boosting the modal shift should be considered as a priority as sea containers are currently not always efficiently transported from a seaport to the hinterland leading to higher costs and longer travel times; calls on the Commission to conduct research and promote the use of algorithms and artificial intelligence in container hinterland transport for an optimal planning and processing of containers;
2021/04/30
Committee: TRAN
Amendment 164 #

2021/2015(INI)

Motion for a resolution
Paragraph 10
10. Stresses the role of inland ports as strategic, multimodal nodes in the logistics system; stresses, therefore, that inland ports as well as sea ports should have efficient connections, in particular with rail infrastructures, with a focus on connecting to the TEN-T core and comprehensive corridors where possible;
2021/04/30
Committee: TRAN
Amendment 165 #

2021/2015(INI)

10. Stresses the role of inland ports as strategic, multimodal nodes in the logistics system; stresses, therefore, that inland ports as well as sea ports should have efficient connections, including rail infrastructure, with a focus on connecting to the TEN-T core and comprehensive corridornetworks where possible;
2021/04/30
Committee: TRAN
Amendment 168 #

2021/2015(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Highlights that close cooperation between the different inland ports (e.g. on sustainability), creates further possibilities for cost and operational efficiency improvements and has a positive effect on regional development and employment; considers that projects of a cluster of ports should be given priority with regards to funding;
2021/04/30
Committee: TRAN
Amendment 172 #

2021/2015(INI)

Motion for a resolution
Paragraph 11
11. Highlights that the deployment of alternative fuels infrastructure should take into account the potential demand and market characteristics of a port; stresses, therefore, that a European rollout strategy of alternative fuels for multimodal use through the TEN-T revision and Directive 2014/94/EU on the deployment of alternative fuels infrastructure (AFID) should follow a network approach that leads to an efficiently planned infrastructure, based on the potential market demand characteristics of a port and, where necessary, along water routes; moreover stresses the potential of a flexible infrastructure system, e.g. including mobile generators;
2021/04/30
Committee: TRAN
Amendment 177 #

2021/2015(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Stresses the necessity of building electrical infrastructures across European inland ports in order to be able in the future to welcome vessels with electric power sources and to scale up and upgrade facilities and equipment provided at berth as well as to reduce greenhouse gas emissions and air pollution;
2021/04/30
Committee: TRAN
Amendment 178 #

2021/2015(INI)

Motion for a resolution
Paragraph 11 a (new)
11a. Calls on the Commission to promote the concept of Life Cycle Assessment with the goal to start a dialogue and to encourage inland ports to design integrated management systems for water, energy, waste, construction sites, spatial planning and urban green areas;
2021/04/30
Committee: TRAN
Amendment 195 #

2021/2015(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Stresses the need to encourage the project development of innovative inland waterway vessels and the corresponding port infrastructure under the Horizon Europe Partnership on zero-emission waterborne transport;
2021/04/30
Committee: TRAN
Amendment 196 #

2021/2015(INI)

Motion for a resolution
Paragraph 14
14. Stresses the importanceHighlights the possibility of existing EU funding instruments for greening and digitalising our European inland waterway transport sector, such as the Connecting Europe Facility (CEF), Horizon Europe and the Structural and Cohesion Funds, and the need to mobilise them to finance investments in alternative fuels and adequate ships and infrastructurthe development and roll-out of alternative propulsion systems for vessels and the necessary infrastructure; stresses, however, that these funding instruments are not suitable for SMEs, family businesses and other micro-sized enterprises, carrying the risk that these smaller projects are not eligible;
2021/04/30
Committee: TRAN
Amendment 201 #

2021/2015(INI)

Motion for a resolution
Paragraph 14
14. Stresses the importance of existing EU funding instruments for greening and digitalising our European inland waterway transport sector, such as the Connecting Europe Facility (CEF), Horizon Europe and the Structural and Cohesion Funds, and the need to mobilise them to complete the TEN-T core and comprehensive networks, to finance investments in alternative fuels and propulsion systems, adequate ships and climate-resilient infrastructure;
2021/04/30
Committee: TRAN
Amendment 204 #

2021/2015(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Highlights that the path towards a zero-emission inland waterway sector and the needed energy transition will create a funding gap approaching EUR 10 billion1e, which cannot be financed by the sector alone; moreover, highlights the absence of a business case for private vessel owners to invest in zero-emission propulsion technologies; therefore, stresses the need to mobilise public support and private investments; _________________ 1e DST, “Assessment of technologies in view of zero-emission IWT“, Edition 1, part of the overarching CCNR study “Financing the energy transition towards a zero-emission European IWT sector“, Report No. 2293, p. 95 https://www.ccr- zkr.org/files/documents/EtudesTransEner /Deliverable_RQ_C_Edition_1_Oct2020.p df
2021/04/30
Committee: TRAN
Amendment 210 #

2021/2015(INI)

Motion for a resolution
Paragraph 15
15. Stresses that the inland waterway sector consists mostly of SMEs, family businesses and smaller ports, which makes it difficult for them to make expensive investments in order to comply with the goals of the Green Deal; considers, therefore, that the administrative burden and cost for access to funding should be significantly reducshould be significantly reduced and access to funding improved;
2021/04/30
Committee: TRAN
Amendment 216 #

2021/2015(INI)

Motion for a resolution
Paragraph 16
16. CTherefore, calls on the Commission to set up a dedicated European inland waterway fund, including a one-stop-shop system that is easily accessible for help and assistance and has the possibility to combine projects into a single application, thus increasing the chances for funding; stresses that the fund should be financed through the reserve funds created under Regulation (EU) 546/20149 , where possible complemented with national funds and contributions, and should provide for the possibility of blending with the CEF and the Structural and Cohesion Funds and national funds where possible; _________________ 9 OJ L 163, 29.5.2014, p. 15.
2021/04/30
Committee: TRAN
Amendment 217 #

2021/2015(INI)

16a. Stresses that the Fund should focus on ship retrofitting and renewal aiming to improve the energy efficiency of ships and support investments in innovative and energy saving technologies as well as port infrastructure, notably the deployment of alternative fuels, contributing to the objectives of the Green Deal, a green recovery and a more sustainable transport system as a whole;
2021/04/30
Committee: TRAN
Amendment 221 #

2021/2015(INI)

Motion for a resolution
Paragraph 16 a (new)
16a. Calls on the Commission and Member States to monitor carefully third- country investments in European ports as they form part of Europe’s strategic infrastructure as multimodal hubs, key nodes of energy and clusters of industry;
2021/04/30
Committee: TRAN
Amendment 222 #

2021/2015(INI)

Motion for a resolution
Paragraph 16 b (new)
16b. Recalls that the European Investment Bank (EIB) provides funding for attractive capital loans, including the shipbuilding industry; considers, however, that the realisation and the effectiveness of EIB funding depends on its accessibility; therefore, insists on: a) ensuring that the Green Shipping Guarantee Programme of the EIB should also be applicable to smaller transactions including more flexible loan conditions, e.g. taking into account the average ship’s service operational life in the payback period; b) ensuring that the EIB provides both pre-delivery financing and post-delivery financing for shipbuilders, in order to guarantee the implementation and the viability of innovative shipbuilding projects; c) funding of research and innovation programmes for green shipbuilding becoming a priority;
2021/04/30
Committee: TRAN
Amendment 224 #

2021/2015(INI)

Motion for a resolution
Subheading 7
Passenger transport and, urban mobility and tourism
2021/04/30
Committee: TRAN
Amendment 229 #

2021/2015(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Highlights the untapped potential of inland waterways in urban areas as confirmed in the Strategy for Sustainable and Smart Mobility; stresses that urban areas become more and more congested and building new road infrastructure is not always cost efficient; calls on the Commission to come up with concrete proposals aiming to increase logistics over our inland waterways - boosting the modal shift;
2021/04/30
Committee: TRAN
Amendment 230 #

2021/2015(INI)

Motion for a resolution
Paragraph 17 a (new)
17a. Stresses the need to further explore the potential of inland waterways for recreational navigation and other waterfront activities, which would boost growth, create new job opportunities and enhance tourism in the regions concerned;
2021/04/30
Committee: TRAN
Amendment 233 #

2021/2015(INI)

Motion for a resolution
Paragraph 17 b (new)
17b. Highlights that 2019 figures for passenger transport demand revealed that the European river cruise sector, including day-trip vessels and ferry services, was in a healthy state before the COVID-19 pandemic and came to an almost complete standstill in the first half of 2020 due to the current health situation resulting in a negative economic impact and financial difficulties for companies, and it remains uncertain whether passenger traffic will return to normal in 20211f; therefore calls on the Commission to include inland waterway tourism in its upcoming European Agenda of Tourism 2050 in order to facilitate a business case for a sustainable, innovative and resilient recovery of river tourism, taking into account the economic impacts of river tourism on port regions in terms of added value, employment creation and port revenues; _________________ 1f https://inland-navigation- market.org/chapitre/8-outlook/?lang=en
2021/04/30
Committee: TRAN
Amendment 235 #

2021/2015(INI)

Motion for a resolution
Paragraph 17 c (new)
17c. Calls on the Member States to accept the international Certificate for the Operation of a Pleasure Craft by adopting Resolution 40 of the UNECE Inland Transport Committee, in order to allow the cross-border recognition of licences and to facilitate recreational navigation within Europe;
2021/04/30
Committee: TRAN
Amendment 8 #

2021/2014(INI)

Motion for a resolution
Recital B
B. whereas the EU is being confronted with new trends and challenges in automation that could have a huge impact on road safety; whereas the growing phenomenon of distraction by mobile devices needs to be addressed; whereas some technological advances, connectivity and automation, create new road safety opportunities to reduce or compensate for human errors; whereas in the near future, the presence of both vehicles with a wide range of automated/connected features and traditional vehicles in mixed traffic will pose a new riskchallenges, especially for vulnerable road users such as motorcyclists, cyclists and pedestrians;
2021/04/20
Committee: TRAN
Amendment 10 #

2021/2014(INI)

Motion for a resolution
Recital B a (new)
B a. whereas automation as well as the sharing economy provide new opportunities to tackle congestion especially in urban areas; whereas developing the synergies between safety and sustainability measures in urban areas, could lead to less CO2 emissions, improved air quality, reduced congestion;
2021/04/20
Committee: TRAN
Amendment 13 #

2021/2014(INI)

Motion for a resolution
Recital C
C. whereas the share of road deaths of vulnerable road users is increasing, as car users have been the main beneficiaries of improved vehicle safety and other road safety measures; whereas the safety of motorbike riders, cyclists and pedestrians must be urgently addressed;
2021/04/20
Committee: TRAN
Amendment 23 #

2021/2014(INI)

Motion for a resolution
Recital E
E. whereas achieving the new EU road safety targets requires more intensive and cooperative efforts to develop strong European road safety policies with stakeholders, research and innovation support, in order to prepare policy based solutions based on solid data and impact analysis, increased and targeted enforcement measures at national level and effective cooperation on cross- border enforcement of penalties;
2021/04/20
Committee: TRAN
Amendment 32 #

2021/2014(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the fact that the EU has reaffirmed in the 2021-2030 EU road safety policy framework its long-term visionstrategic goal to get close to zero deaths and zero serious injuries on European roads by 2050, known as Vision Zero, and its medium- term goal to reduce deaths and serious injuries by 50 % by 2030; highlights that these EU goals and targets relating to road safety should be underpinned by a coordinated, well- planned, systematic and well-financed road safety approach at EU, national, regional and local level;
2021/04/20
Committee: TRAN
Amendment 34 #

2021/2014(INI)

Motion for a resolution
Paragraph 2
2. Welcomes in this regard the adoption of the safe system approach at EU level, based on a performance framework and timed targets for the reduction of casualties and serious injuries; welcomes the setting up of key performance indicators (KPIs) established in cooperation with Member States to enable a more focused and targeted analysis of the Member States’ performances and to identify shortcomings; recalls onthat the Commission to set outcome targets by 2023unication “Europe on the Move – Sustainable Mobility for Europe: safe, connected and clean” in 2018 confirmed the EU's long-term goal of moving to zero fatalities in road transport by 2050 and added that the same should be achieved for serious injuries; highlights that the same communication proposed new interim targets of reducing the number of road deaths by 50% between 2020 and 2030 as well as reducing the number of serious injuries by 50% in the same period, as recommended in the Valletta Declaration; underlines the importance of the ongoing cooperation between the EU and the Members States in this regard and urges all Members States to fully commit to this exercise and agree on a harmonised methodology for KPIs that will allow Member States to be comparedcompare data; stresses the importance of promoting best national practices, in order to improve harmonisation and to bring together the existing different national approaches to road safety;
2021/04/20
Committee: TRAN
Amendment 39 #

2021/2014(INI)

Motion for a resolution
Paragraph 2 a (new)
2 a. Calls on the Commission to extend the programme “EU Road Safety Exchange” aiming at improving the road safety performance, currently focusing on six Member States to all EU Member States;
2021/04/20
Committee: TRAN
Amendment 41 #

2021/2014(INI)

Motion for a resolution
Paragraph 3
3. Calls on the Commission to further promote the EU funding opportunities through regional and cohesion funds, the Connecting Europe Facility and the “Safer Transport Platform” launched by the European Investment Bank (EIB); stresses the importance of funding and making the eligibility criteria clearer for road safety actions also through future EU instruments, such as Invest EU and CEF2 Regulation; aiming at accelerating the delivery of road safety results; furthermore, calls on all Member States to earmark an adequate part of their national budget, which, coupled with EU funds, should make it possible to implement their national road safety programmes and the new 2021-2030 EU Road Safety Policy Framework;
2021/04/20
Committee: TRAN
Amendment 49 #

2021/2014(INI)

Motion for a resolution
Paragraph 4
4. Calls on the Member States and the Commission to prioritise investments with the greatest benefit in terms of road safety, including investments in maintaining existing infrastructure and in the construction of new infrastructure; welcomes, in this regard, the launch of the Safer Transport Platform initiative and calls on all interested parties to considerthe Commission and the EIB to consider launching awareness-raising and information campaigns in order to ensure that all interested parties are well informed about the conditions of its use;
2021/04/20
Committee: TRAN
Amendment 55 #

2021/2014(INI)

Motion for a resolution
Paragraph 5
5. Highlights that a proactive assessment of the EU road network will be a useful tool to assess the in-built safety of roads and to target investment; welcomes, in this regard, the risk mapping and safety rating of motorways and primary roads introduced in the recently revised EU infrastructure safety rules4 and calls on the Member States to designate as many primary roads in their territory as possible to increase the road safety potential of the new directive; calls on the Commission and the Member States to agree as soon as possible on a methodology to carry out systematic network-wide road assessments as mandated in the revision of the above- mentioned act; highlights the importance of using infrastructure to introduce self- explaining, self-enforcing roads, specifically in dangerous zones, or zones with a prevalence of vulnerable road users for the safety of all participants in road traffic; recalls the importance of the performance of road signs and markings, including their placing, visibility and retro-reflectivity, especially for the good functioning of driver assistance systems, such as Intelligent Speed Assistance and Lane Keeping Assistance; calls on the Commission and the Member States to speed up the work on the specifications at EU level for the performance of road signs and markings in order to prepare the way for a higher level of automation in vehicles; reminds that according to the Commission’s impact assessment, these new rules have the potential to save up to 3200 lives and avoid 20 700 serious injuries by 2030; _________________ 4Directive (EU) 2019/1936 of the European Parliament and of the Council of 23 October 2019 amending Directive 2008/96/EC on road infrastructure safety management, OJ L 305, 26.11.2019, p. 1.
2021/04/20
Committee: TRAN
Amendment 63 #

2021/2014(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Calls on the Commission to continue working closely with the Member States to define a KPI for road infrastructure, indicating the safety quality of a road network independent of road user behaviour or vehicle technology, based on agreed common rating methodology;
2021/04/20
Committee: TRAN
Amendment 79 #

2021/2014(INI)

Motion for a resolution
Paragraph 7
7. Welcomes the recent revision of the General Safety Regulation, which will make new advanced safety features in vehicles such as intelligent speed assistance and emergency lane keeping systems mandatory in the EU as from 2022, with the potential to save around 7 300 lives and avoid 38 900 serious injuries by 2030; calls on the Commission to adopt ambitious and timely secondary legislation, to evaluate future developments and to review the regulation where appropriate in order to keep pace with technical developments; in this regards, recalls the importance of innovation in vehicle technology, which can both help mitigate the severity of crashes and reduce the likelihood of crashes through active and passive safety features;
2021/04/20
Committee: TRAN
Amendment 92 #

2021/2014(INI)

Motion for a resolution
Paragraph 8
8. Urges the Commission, in line with the TRAN implementation report on the road safety aspects of the Roadworthiness Package, to take due account of the technical progress in vehicle safety features provided for in new General Safety Regulation and to include advanced safety systems in the scope of the next revision of the Roadworthiness Package to ensure they are checked during periodical technical inspections; in this regard, calls on the competent authorities to ensure additional trainings, upskilling and re-skilling of the related inspectors conducting the PTIs.
2021/04/20
Committee: TRAN
Amendment 96 #

2021/2014(INI)

Motion for a resolution
Paragraph 9
9. Calls on the Commission to propose a new harmonised regulatory framework for automated cars in order to ensure, by means of comprehensive tests, including real driving conditions, that automated cars will operate in an absolutely safe manner for their drivers and other road users, in particular concerning their interaction with conventional vehicles and vulnerable road users; in this regard, highlights the importance of ensuring training and qualification to be brought up to date and equip drivers with the necessary skills and knowledge to drive automated vehicles as they emerge onto the market in the coming years;
2021/04/20
Committee: TRAN
Amendment 114 #

2021/2014(INI)

Motion for a resolution
Paragraph 11
11. Notes that safe road use ( speed, driving without alcohol and drugs, undistracted driving, safety belt and child restraint use, helmet use) is the third pillar for the prevention and mitigation of fatalities and serious injuries in collisions, showing that the human factor in road safety plays a crucial role; notes that according to a Commission study, alcohol is estimated to be involved in around 25 % of all road fatalities, while drugs are involved in 15 % of road fatalities5 ; notes that the EU recommendation on permitted blood alcohol content dates from 2001; calls the Commission to include a zero- tolerance drink-driving limit in its recommendations, and to introduce an EU recommendation for zero tolerance regarding illicit psychoactive drugs and standards on roadside drug-driving enforcement; calls on the Commission to also include in the revised recommendations guidance on the fitting of alcohol interlock devices, with a special focus on repeat offenders, high- level first- time offenders and all professional drivers; in this regards, calls on the Commission to consider the feasibility and the added value of elaborating a harmonised system of mutual recognition of driving disqualifications and of penalty points between Member States, where it exists. _________________ 5Commission study of 18 February 2014 on the prevention of drink-driving by the use of alcohol interlock devices.
2021/04/20
Committee: TRAN
Amendment 121 #

2021/2014(INI)

Motion for a resolution
Paragraph 12
12. Notes that speeding is a key factor in around 30 % of fatal road crashes and an aggravating factor in most crashes; calls on the Commission to come up with a recommendation to apply safe speed limits in line with the safe system approach for all road types, such as maximum speeds of 30km/h in residential areas and areas where there are high numbers of cyclists and pedestrians, or where there could be potential to increase cycling and walking levels, and to assess the feasibility of limiting the maximum top speed of all new vehicles as an effective way of reducing road casualties, as well as air pollution and carbon dioxide emissions;
2021/04/20
Committee: TRAN
Amendment 134 #

2021/2014(INI)

Motion for a resolution
Paragraph 14
14. Recalls that the Driving Licence Directive established a harmonised EU licence model and introduced minimum requirements for obtaining licences; notes that the directive will need to be kept up- to-date regarding new technological developments in vehicle and infrastructure technology and vehicle automation; calls on the Commission to consider introducing a graduated licencing system that encourages novice drivers to gain more experience while limiting certain high-risk activities such as driving at night and with passengers; note, while taking into account the mobility needs of people living in areas with cloncern that cases of irregular issuing of driving licences have been reported in several Member States and calls on the Commission to monitor this issueg distances and limited access to public transport; notes that driver licencing, targeted education and awareness raising, supported by strong and sustained compliance and enforcement regimes, have an important role to play in giving road users the capability and willingness to use roads and vehicles safely;
2021/04/20
Committee: TRAN
Amendment 146 #

2021/2014(INI)

Motion for a resolution
Paragraph 15
15. Notes that the COVID-19 pandemic has led to the expansion of the home delivery sector and specifically the use of vans, powered two-wheelers and bicycles; calls on the Commission to consider introducing a requirement for van drivers to undergo professional driver training and proposing a regulation on working hours and rest periods for van driver, boosting the emergence of new types of platform work and business models; calls on the Commission to assess the introduction of a recommendation on the safety of delivery personnel, including requirements for employers and companies to ensure the provision and use of safety equipment and safe vehicles;
2021/04/20
Committee: TRAN
Amendment 160 #

2021/2014(INI)

16. Highlights the importance of fast and effective post-crash care in significantly reducing the consequences of injury; calls on the Member States, in this context, to establish closer collaboration between their road safety authorities and the health sector, to make it mandatory to build emergency lanes and to enforce their correct use to speed up rescue operations; calls onfurther the Commission to considerand the Member States to provide for sufficient financing for efficient emergency infrastructure, including air medical services; calls on the Commission to makinge first aid training compulsory in the future revision of the Driving Licence Directive; recalls the importance of effective follow- up victim support;
2021/04/20
Committee: TRAN
Amendment 169 #

2021/2014(INI)

Motion for a resolution
Paragraph 17
17. Stresses that poor enforcement of road traffic rules undermines efforts to achieve Vision Zero; encourages the Member States to set annual targets for enforcement and compliance in their road safety plans and to ensure their adequate funding; underlines that only well- explained and, well-publicised consistent enforcement activities and education by enforcement can have a long- lasting effect on driving behaviour;
2021/04/20
Committee: TRAN
Amendment 186 #

2021/2014(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Underlines that the manipulation and fraud in electronic safety features, such as advanced driving assistance systems, represent a high safety risk and need therefore to be addressed by specific training on the control of software integrity provided to inspectors;
2021/04/20
Committee: TRAN
Amendment 4 #

2021/2012(INI)

Draft opinion
Citation 6 a (new)
— having regard to the European Parliament Committee on Transport and Tourism's competence concerning maritime programming and an integrated maritime policy;
2021/05/17
Committee: TRAN
Amendment 38 #

2021/2012(INI)

Draft opinion
Paragraph 3
3. Underlines the opportunities that offshore renewable energy can offer to coastal tourism regions, both by increasing the energy-related sustainability of tourist stays, enhancing the appeal of the coastline, and by balancing seasonal economic effects, providing stable and predictable jobs and growth in local renewable offshore industries and small and medium- sized enterprises (SMEs) all year round;
2021/05/17
Committee: TRAN
Amendment 51 #

2021/2012(INI)

Draft opinion
Paragraph 5
5. Recalls that the need for further offshore renewable energy development applies to all of Europe’s sea-basins and that areas with widely untapped offshore renewable potential, such as the Mediterranean Sea, require special attention, including through the funding of research and development into innovative technologies such as floating offshore wind, wave and tidal energy, while front runners, such as the North Sea, must continue to develop and to defend their leading global position for the benefit of Europe as a whole; considers that the European Union must do everything in its power to retain its position as leader in wind energy;
2021/05/17
Committee: TRAN
Amendment 61 #

2021/2012(INI)

Draft opinion
Paragraph 6 a (new)
6a. Recalls the importance of implementing Directive 2014/89/EU of the European Parliament and of the Council of 23 July 2014 establishing a framework for maritime spatial planning; emphasises that planning must provide for a long- term vision that reconciles new activities, such as renewable energy, with long- running activities, such as fishing, allowing everyone to play a part in the sustainable development of the European maritime area;
2021/05/17
Committee: TRAN
Amendment 2 #

2021/2010(INI)

Motion for a resolution
Citation 4
— having regard to the Commission proposals pending for adoption, in particular on the Common Corporate Tax Base (CCTB) , the Common Consolidated Corporate Tax Base (CCCTB)4 , and the digital taxation package5 , as well as Parliament’s positions on these proposals, _________________ 4Proposal of 25 October 2016 for a Council Directive on a Common Corporate Tax Base (CCTB), COM(2016)0685 and of 25 October 2016 on a Common Consolidated Corporate Tax Base (CCCTB), COM(2016)0683. 5 The package consists of the Commission communication of 21 March 2018 entitled ‘Time to establish a modern, fair and efficient taxation standard for the digital economy’ (COM(2018)0146), the proposal of 21 March 2018 for a Council directive laying down rules relating to the corporate taxation of a significant digital presence (COM(2018)0147), the proposal of 21 March 2018 for a Council directive on the common system of a digital services tax on revenues resulting from the provision of certain digital services (COM(2018)0148) and the Commission recommendation of 21 March 2018 relating to the corporate taxation of a significant digital presence (C(2018)1650).deleted
2021/03/01
Committee: ECON
Amendment 5 #

2021/2010(INI)

Motion for a resolution
Citation 4 a (new)
— having regard the conclusions of the European Council of 21 July 2020,
2021/03/01
Committee: ECON
Amendment 25 #

2021/2010(INI)

Motion for a resolution
Recital C a (new)
C a. whereas OECD/G20 Base Erosion and Profit Shifting (BEPS) final report from 2015 concludes that the digital economy increasingly is becoming the economy itself, why it would be difficult, if not impossible, to ring-fence the digital economy from the rest of the economy for tax purposes;
2021/03/01
Committee: ECON
Amendment 56 #

2021/2010(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Notes that sale and consumption are not considered to be a part of the value creation of a product; notes that value creation is linked to production and R&D; notes that consumption is taxed with VAT or consumption taxes; highlights that if the concept of value creation is widened out, small exporting countries risk losing tax revenue to larger consumer facing markets creating a fundamental shift in taxation between various EU member countries;
2021/03/01
Committee: ECON
Amendment 79 #

2021/2010(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Highlights that the assumption of digital companies not paying their fair share of tax is contested1a; urges in this regard to have a factual approach to the issue and potential need for a digital tax; regrets the biased approach to digital companies; _________________ 1aSee European Centre for International Political Economy (ECIPE): Digital Companies and Their Fair Share of Taxes: Myths and Misconceptions.https://ecipe.org/wp- content/uploads/2018/02/ECI_18_Occasio nalPaper_Taxing_3_2018_LY08.pdf
2021/03/01
Committee: ECON
Amendment 80 #

2021/2010(INI)

Motion for a resolution
Paragraph 3 b (new)
3 b. Highlights that the OECD/G20 Base Erosion and Profit Shifting (BEPS) final report from 2015 concludes that the digital economy increasingly is becoming the economy itself, why it would be difficult, if not impossible, to ring-fence the digital economy from the rest of the economy for tax purposes;
2021/03/01
Committee: ECON
Amendment 86 #

2021/2010(INI)

Motion for a resolution
Paragraph 4
4. Notes that on average digital business models face significantly lower effective tax rates than traditional business models which rely on physical presence; regrets that tax avoidance linked to aggressive tax planning is not only detrimental to the collection of public revenues but also puts businesses, especially SMEs, at a disadvantage, while creating barriers for new local entrants; highlights the need to consider potential SME entry-barriers when proposing regulation in the digital area in order to avoid creating a sector with only a few big actors;
2021/03/01
Committee: ECON
Amendment 160 #

2021/2010(INI)

Motion for a resolution
Paragraph 11
11. Insists therefore that, regardless of the progress of the negotiations at the G20/OECD IF, the EU should stand ready to roll out its own solutions for taxing the digital economy by the end of 2021; calls on the Commission to present proposals by June 2021, while anticipating their compatibility with the reform by the G20/OECD IF to be agreed onat a global agreement must be reached at the G20/OECD IF; strongly advocates the European Commission to monitor the international level playing field, the EU’s competitiveness and compatibility with future G20/OECD reforms when, as a second best option, the EU rolls out its own solution for taxing the digital economy; stresses the need to also create a level playing field for providers of traditional services and digital services in the EU by ensuring that the latter are taxed at an adequate rate; invites the Commission to consider in particular introducing a European Digital Services Tax as a necessary first step;
2021/03/01
Committee: ECON
Amendment 171 #

2021/2010(INI)

Motion for a resolution
Paragraph 12
12. UnderstandNotes that some Member States consider the taxation of digital economy an urgent issue and have therefore introduced digital services taxes at national level; recalls that these national measures should be phased out once a multilateral solution is found; calls on Member States to refrain from introducing national solutions unilaterally, as they create a risk of fragmentation of the single market; recalls that although taxation is primarily a Member State competence, they must exercise it in coherence with the common principles of EU law in order to ensure coherence between national frameworks, thereby allowing for fair competition and avoiding a negative impact on the overall coherence of EU taxation principles;
2021/03/01
Committee: ECON
Amendment 202 #

2021/2010(INI)

Motion for a resolution
Paragraph 13
13. RegretNotes that the Council did not agree on any of the Commission’s related proposals, i.e. the digital services tax, the significant digital presence or the CCTB and CCCTB; recalls on the Member States to reconsider their position on these proposals, and to consider all options provided for by the Treaties if no unanimous agreement can be reachedimportance of reaching an agreement at OECD-level in order to avoid potential trade wars; highlights that taxation is a member state competence;
2021/03/01
Committee: ECON
Amendment 214 #

2021/2010(INI)

Motion for a resolution
Paragraph 15
15. Calls for a stronger role for Parliament in legislative procedures in the area of taxation; takes note of the Commission’s proposed roadmap to qualified majority voting in its communication entitled ‘Toward a more efficient and democratic decision-making in EU tax policy’;deleted
2021/03/01
Committee: ECON
Amendment 217 #

2021/2010(INI)

Motion for a resolution
Paragraph 15
15. Calls for a stronger role for Parliament in legislative procedures in the area of taxation; takes note of the Commission’s proposed roadmap to qualified majority voting in its communication entitled ‘Toward a more efficient and democratic decision-making in EU tax policy’Recalls that taxation is a member state competence;
2021/03/01
Committee: ECON
Amendment 230 #

2021/2010(INI)

Motion for a resolution
Paragraph 16
16. Welcomes the conclusions of the European Council of 21 July 2021, which task the Commission with putting forward proposals for additional own resources including a digital levy;deleted
2021/03/01
Committee: ECON
Amendment 31 #

2021/0434(CNS)

Proposal for a directive
Recital 1
(1) Ensuring fair and effective taxation in the internal market and tackling tax avoidance and evasion remain high political priorities in the Union. While recent years saw important progress in this area, especially with the adoption of Council Directive 2016/116410 concerning anti-tax avoidance and the expansion of scope of Council Directive 2011/16/EU11 on administrative cooperation in the field of taxation, further measures are necessary to tackle specifically identified practices of tax avoidance and evasion including through the misuse of shell entities, which are not fully captured by the existing legal framework of the Union. In this regard, the Pandora Papers’ revelations reported on the creation of shell companies with the purpose of moving money between bank accounts, avoiding taxes and carrying out financial crimes, including money laundering, and circumventing EU sanctions for Russian oligarchs. In particular, multinational groups often create undertakings with no minimal substance, to lower their overall tax liability, including by shifting profits away from certain high-tax Member States in which they carry out economic activity and create value for their business. This proposal complements the progress achieved in corporate transparency through requirements concerning beneficial ownership information introduced by the anti-money laundering framework, which address situations where undertakings are created to conceal true ownership, whether of the undertakings themselves or of the assets they manage and own, such as real estate or property of high value. __________________ 10 Council Directive (EU) 2016/1164 of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market (OJ L 193, 19.7.2016, p. 1). 11 Council Directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation and repealing Directive 77/799/EEC (OJ L 64, 11.3.2011, p. 1).
2022/09/08
Committee: ECON
Amendment 43 #

2021/0434(CNS)

Proposal for a directive
Recital 4 a (new)
(4a) To ensure the effective implementation of the Directive, the rules must be proportional to avoid excessive administrative burden on companies with legitimate activities, especially SMEs, while avoiding that shell-entities fall through the cracks; the quality and completeness of data are therefore essential in order to reap the greatest benefits from this Directive.
2022/09/08
Committee: ECON
Amendment 44 #

2021/0434(CNS)

Proposal for a directive
Recital 4 b (new)
(4b) Given the increased flow of reported-information this Directive will generate in addition to the data currently transmitted by companies, Member States should ensure that national tax administrations have the capabilities to process that information in the most efficient way.
2022/09/08
Committee: ECON
Amendment 66 #

2021/0434(CNS)

Proposal for a directive
Recital 13 a (new)
(13a) The European Commission and Member States should make sure that these tax consequences are articulated in a consistent manner in relation to existing bilateral tax conventions concluded between Member States and third countries.
2022/09/08
Committee: ECON
Amendment 70 #

2021/0434(CNS)

Proposal for a directive
Recital 15
(15) Directive 2011/16/EU should therefore be amended accordingly. Considering that the Directive 2011/16/EU on Administrative Cooperation (DAC) laid down the rules and procedures for cooperation between Member States on the exchange of information between tax administrations of the Member States, notably the automatic exchange of information on income and assets, this Directive should therefore be amended accordingly allowing Member States to automatically exchange the information received in the framework of this Directive.
2022/09/08
Committee: ECON
Amendment 96 #

2021/0434(CNS)

Proposal for a directive
Article 6 – paragraph 1 – point c – introductory part
(c) in the preceding two tax years, the undertaking outsourced to a third party the administration of day-to-day operations and the decision- making on significant functions.
2022/09/08
Committee: ECON
Amendment 105 #

2021/0434(CNS)

Proposal for a directive
Article 6 – paragraph 2 – point b
(b) regulated financial undertakings;deleted
2022/09/08
Committee: ECON
Amendment 112 #

2021/0434(CNS)

Proposal for a directive
Article 6 – paragraph 2 – point e
(e) undertakings with at least five own full-time equivalent employees or members of staff exclusively carrying out the activities generating the relevant income;deleted
2022/09/08
Committee: ECON
Amendment 171 #

2021/0434(CNS)

Proposal for a directive
Article 12 – paragraph 1 a (new)
In cooperation with Member States, the Commission shall ensure that those tax consequences are well articulated in relation to existing bilateral tax conventions with third countries so that they receive the information on the presumed shell-companies.
2022/09/08
Committee: ECON
Amendment 184 #

2021/0434(CNS)

Proposal for a directive
Article 14 – paragraph 2
Member States shall ensure that those penalties include an administrative pecuniary sanction of at least 5% of the undertaking’s turnover or assets in the relevant tax year, if the undertaking that is required to report pursuant to Article 6 does not comply with such requirement for a tax year within the prescribed deadline or makes a false declaration in the tax return under Article 7.
2022/09/08
Committee: ECON
Amendment 94 #

2021/0433(CNS)

Proposal for a directive
Recital 20
(20) The effectiveness and fairness of the global minimum tax reform heavily relies on its worldwide implementationswift and consistent implementation worldwide and by EU Member States by 2023. It will thus be vital that all major trading partners of the Union apply either a qualified IIR or an equivalent set of rules on minimum taxation. In this context, and in support of legal certainty and efficiency of the global minimum tax rules, it is important to further delineate the conditions under which the rules implemented in a third country jurisdiction which will not transpose the rules of the global agreement can be granted equivalence to a qualified IIR. To this end, this Directive should provide for an assessment, by the Commission, of the equivalence criteria based on certain parameters together with a listing of third country jurisdictions that meet the equivalence criteria. This list would be modified, through a delegated act, following any subsequent assessment of the legal framework implemented by a third country jurisdiction in its domestic law. The implementation of the Pillar II Directive will require an increased exchange of information between Member States and third country jurisdictions. To this end, the Directive on administrative cooperation(DAC) should be reviewed in accordance with the future OECD work on a competent authority agreement to be developed by the end of 2022.
2022/03/30
Committee: ECON
Amendment 9 #

2021/0430(CNS)

Proposal for a decision
Recital 7
(7) In October 2021, the Organisation for Economic Co-operation and Development and the G20 Inclusive Framework on Base Erosion and Profit Shifting reached an agreement on the allocation to participating market jurisdictions of 25% of residual profits of large multinational enterprises above the profitability threshold of 10% (‘OECD/G20 IF Pillar 1 Agreement’). The own resource should consist in applying a uniform call rate to the share of residual profits of the multinational enterprises, re-allocated to Member States [pursuant to the Directive on implementation of the global agreement on re-allocation of taxing rights.]deleted
2022/09/14
Committee: ECON
Amendment 15 #

2021/0430(CNS)

Proposal for a decision
Article 1 – paragraph 1 – point 1 – point c
Council Decision (EU, Euratom) 2020/2053
Article 2 – paragraph 1 – point g
(c) in paragraph 1, the following point (g) is added: ‘‘(g) the application of a uniform call rate of 15% to the share of residual profit of multinational enterprises reallocated to Member States pursuant to [the Directive on implementation of the global agreement on re-allocation of taxing rights19.]’ _________________ 19 4[Directive (EU) XXX giving effect to the OECD/G20 IF Pillar 1 Agreement].deleted
2022/09/14
Committee: ECON
Amendment 19 #

2021/0430(CNS)

Proposal for a decision
Article 2 – paragraph 6
Article 1(1), point (c), shall apply fromdeleted
2022/09/14
Committee: ECON
Amendment 21 #

2021/0430(CNS)

Proposal for a decision
Article 2 – paragraph 7
the first day of the date of application of the [Directive on implementation of the global agreement on re-allocation of taxing rights] ordeleted
2022/09/14
Committee: ECON
Amendment 23 #

2021/0430(CNS)

Proposal for a decision
Article 2 – paragraph 8
the day of the entry into force and effect of the Multilateral Convention, whichever is the later.deleted
2022/09/14
Committee: ECON
Amendment 491 #

2021/0420(COD)

Proposal for a regulation
Recital 69
(69) The work plans of the European Coordinators should be used to promote cooperation between all relevant stakeholders, to strengthen complementarity with actions by Member States and infrastructure managers, infrastructure managers and the national coordinator for alternative fuels infrastructure as defined in Regulation (EU) […] [on the deployment of alternative fuels infrastructure] and in particular to set the milestones and priorities for investments. Based on the work plans, the Commission should adopt implementing acts setting out the priorities for infrastructure planning and for funding.
2022/11/16
Committee: TRAN
Amendment 567 #

2021/0420(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point m
(m) 'multimodal freight terminalhub' means a structure equipped for transhipment between at least two transport modes or between two different rail systems, and for temporary storage of freight, such as terminals in inland or maritime ports, along inland waterways, in airports as well as rail road terminals, including multimodal logistics platforms as referred to in Regulation (EU) 2021/1153mobility service infrastructure, such as rail, road, air, maritime and inland waterways stations and terminals, that allows for the performance of 'multimodal transport’ defined in Article 3, point (i);
2022/11/16
Committee: TRAN
Amendment 740 #

2021/0420(COD)

Proposal for a regulation
Article 8 – paragraph 5
5. The Commission may require Member States by means of an implementing act to establish a single entity for the construction and management of cross-border infrastructure projects of common interest. The relevant European Coordinator shall have the status of observera seat in the management or supervisory board or in both of that single entity.
2022/11/16
Committee: TRAN
Amendment 1066 #

2021/0420(COD)

Proposal for a regulation
Article 21 – paragraph 1 – point c
(c) are equipped with facilities to improve the environmental performance of vessels in ports, including reception facilities, degassing facilities, noise reduction measures, measures to reduce air and water pollution, based on a cost- benefit analysis taking into account the needs of the respective European Transport Corridor to improve the environmental performance of vessels in ports.
2022/11/17
Committee: TRAN
Amendment 1080 #

2021/0420(COD)

Proposal for a regulation
Article 22 – paragraph 3 – point a – paragraph 2
The reference water levels shall be established on the basis of the number of days per year on which the actual water level exceeded the specified reference water level. The Commission shall adopt implementing acts specifying the reference water levels referred to in the previous subparagraph per river basin. Those implementing actsper waterway, except in case of existing international agreements governing river navigation, including subsequent decisions by the relevant international organisations. The Commission, having consulted the European Coordinators, shall be adopted implementing acts in accordance with the examination procedure referred to in Article 59(3).
2022/11/17
Committee: TRAN
Amendment 1085 #

2021/0420(COD)

Proposal for a regulation
Article 22 – paragraph 3 – point a – paragraph 3
When specifying the reference water levels the Commission shall take into account therefer to requirements which are set out in international conventions and in agreements concluded between Member States.
2022/11/17
Committee: TRAN
Amendment 1092 #

2021/0420(COD)

Proposal for a regulation
Article 22 – paragraph 5 – subparagraph 1 – introductory part
The Commission shall adopt implementing acts per European Transport Corridor setting out requirements complementing the minimum requirements established in accordance with paragraph (3), point (a), second subparagraph, per river basinexcept in case of existing international agreements governing river navigation, including subsequent decisions by the relevant international organisations. These requirements may be related in particular to:
2022/11/17
Committee: TRAN
Amendment 1098 #

2021/0420(COD)

Proposal for a regulation
Article 22 – paragraph 6
6. The Commission shall ensure a coherent approach on the application of the good navigation status in the Union and may adopt guidelines thereto. When establishing minimum requirements for paragraphs (e) and (f), the Commission shall ensure that the interoperability between river basinper European Transport Corridors is not compromised.
2022/11/17
Committee: TRAN
Amendment 1184 #

2021/0420(COD)

Proposal for a regulation
Article 27 – paragraph 1 – point g a (new)
(ga) promoting passenger transport by ferry, where possible also in urban nodes;
2022/11/17
Committee: TRAN
Amendment 1260 #

2021/0420(COD)

Proposal for a regulation
Article 33 – paragraph 1 – point b
(b) the airports of the comprehensive network with a total annual passenger traffic volume of more than four million passengers are connected with the long- distance railway network, includingwhere possible with the high- speed rail network, and road transport infrastructure of the trans- European transport network by 31 December 2050, except where specific geographic or significant physical constraints prevent such connections or where, based on a cost-benefit analysis, other sustainable means of public transport ensure a connection to the rail network, such as light rail, tram or bus connections;
2022/11/21
Committee: TRAN
Amendment 1287 #

2021/0420(COD)

Proposal for a regulation
Article 35 – paragraph 3 – subparagraph 2
Member States shall consult all relevant public and private actors, including but not limited to port authorities, shippers, transport and logistics operators which operate on their territory, and local or regional administrative authorities. They shall take into account the results of the consultation in their analysis.
2022/11/21
Committee: TRAN
Amendment 1388 #

2021/0420(COD)

Proposal for a regulation
Article 44 – paragraph 1 – point b
(b) make possible the decarbonisation of all transport modes by stimulating energy efficiency, introduce zero and low emission solutions, including hydrogen and electricity supply systems, as well as other new solutions such as sustainable fuels, and provide corresponding infrastructure. Such infrastructure may include grid access, pipelines and other facilities necessary for the energy supply, may take account of the infrastructure-vehicle interface and may encompass ICT systems for transport. Transport infrastructure may serve as energy hub to serve different transport modes. Furthermore, transport modes may contribute to the deployment of zero and low emission energy technologies, such as the transport of carbon dioxide to carbon storage facilities by inland waterway transport, (short) sea shipping, road or rail transport;
2022/11/21
Committee: TRAN
Amendment 1493 #

2021/0420(COD)

Proposal for a regulation
Article 51 – paragraph 7 – point b a (new)
(ba) monitor the implementation of the National Policy Frameworks for alternative fuels infrastructure and cooperate with the national coordinators for alternative fuels infrastructure as defined in Regulation (EU) […] [on the deployment of alternative fuels infrastructure].
2022/11/21
Committee: TRAN
Amendment 1521 #

2021/0420(COD)

Proposal for a regulation
Article 52 – paragraph 3 – point a (new)
(a) the deployment of alternative fuels infrastructure;
2022/11/21
Committee: TRAN
Amendment 1547 #

2021/0420(COD)

Proposal for a regulation
Article 53 – paragraph 2 – subparagraph 1
The work plan shall be prepared in close cooperation with the Member States concerned and in consultation of the Corridor Forum and rail freight governance, or consultative forum of the horizontal priorities, and the responsible national coordinators for alternative fuels infrastructure as defined in Regulation (EU) […] [on the deployment of alternative fuels infrastructure]. The work plan of the European Transport Corridors shall be approved by the Member States concerned. The Commission shall submit the work plan to the European Parliament and the Council for information.
2022/11/21
Committee: TRAN
Amendment 1565 #

2021/0420(COD)

Proposal for a regulation
Article 53 – paragraph 3 – point k a (new)
(ka) an overview of the development on the deployment of alternative fuels infrastructure based on the information provided by the national coordinators for alternative fuels infrastructure as defined in Regulation (EU) […] [on the deployment of alternative fuels infrastructure];
2022/11/21
Committee: TRAN
Amendment 1645 #

2021/0420(COD)

Proposal for a regulation
Annex 1 – part 11/23
Add the following to the comprehensive network: - Zwolle (NL) - Münster (DE) rail passenger line
2023/01/25
Committee: TRAN
Amendment 1647 #

2021/0420(COD)

Proposal for a regulation
Annex 1 – part 11/23
Add the following to the extended core network: - Amsterdam (NL) - Groningen (NL) - Bremen (DE) rail passenger line
2023/01/25
Committee: TRAN
Amendment 1795 #

2021/0420(COD)

Add the following to the corridor North Sea - Baltic Corridor : - Zwolle (NL) - Münster (DE) rail passenger line
2023/01/25
Committee: TRAN
Amendment 135 #

2021/0385(COD)

Proposal for a regulation
Recital 13
(13) Market participants need core market data to be able to make informed investment decisions. Pursuant to the current Article 27h of Regulation (EU) 600/2014, sourcing core market data about certain financial instruments directly from trading venues and APAs requires that consolidated tape providers enter into separate licensing agreements with all those data contributors. That process is burdensome, costly and time consuming. It has been one of the obstacles to consolidated tape providers emerging on a cross market basis. This obstacle should be removed in order to enable consolidated tape providers to obtain the market data and to overcome licencing issues. Trading venues and APAs, or investment firms and systematic internalisers without intervention of APAs (‘market data contributors’) should be required to submit their market data to consolidated tape providers, and to use harmonised templates respecting high–quality data standards to do so. Only CTPs selected and authorised by ESMA should be able to collect harmonised market data from the individual data sources in accordance with the mandatory contribution rule. To make the market data useful for investors, market data contributors should be required to provide the CTP with market data as close as technically possible to real time.no later than one minute after the transaction
2022/10/20
Committee: ECON
Amendment 138 #

2021/0385(COD)

Proposal for a regulation
Recital 14
(14) Title II and III of Regulation (EU) 600/2014 require trading venues, APAs, investment firms and systematic internalisers (‘market data contributors’) to publish pre-trade data on financial instruments, including bid and offer prices and post-trade data on transactions, including the price and volume at which a transaction in a specific instrument has been concluded. Market participants are not obliged to use the consolidated core market data provided by the CTP. The requirement to publish those pre-trade and post-trade data should therefore remain applicable to enable market participants to access market data. However, to avoid undue burden on market data contributors, it is appropriate to align the requirement for market data contributors to publish data as much as possible with the requirement to contribute data to the CTP, which will require only post-trade data.
2022/10/20
Committee: ECON
Amendment 145 #

2021/0385(COD)

Proposal for a regulation
Recital 20
(20) Competition among consolidated tape providers ensures that the consolidated tape is provided in the most efficient way and under the best conditions for users. However, no entity has, up until now, applied to act as a consolidated tape provider. It is therefore considered appropriate to empower ESMA to periodically organise a competitive selection procedure to select a single entity which is able to provide the consolidated tape for each specified asset class. Taking into account the novelty of the proposed scheme, ESMA should only mandate the provision of post-trade transparency data for the first selection procedure that it runs in relation to shares. At least 18 months before the launch of the second selection procedure, ESMA should submit a report to the Commission assessing whether there is market demand for extending the data contributed to the tape to pre-trade data. On the basis of such a report, the Commission should be empowered, by way of a delegated act, to further specify the depth of pre-trade data to the tapebonds, taking into account the set- up costs. ESMA should prioritise the selection and authorisation of a consolidated tape provider for bonds.
2022/10/20
Committee: ECON
Amendment 181 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point c
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 35
(35) ‘consolidated tape provider’ or ‘CTP’ means a person authorised in accordance with Title IVa, Chapter 1 of this Regulation to provide the service of collecting market data for shares, ETFs, bonds or derivatives, from market data contributors, and of consolidating those data into a continuous electronic live data stream providing core market data per share, ETF, bond or derivatives and of providing them to user of market data;;
2022/10/20
Committee: ECON
Amendment 183 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a
(a) all of the following data on equities:deleted
2022/10/20
Committee: ECON
Amendment 184 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
(i) the best bids and offers with corresponding volumes;deleted
2022/10/20
Committee: ECON
Amendment 192 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (ii)
(ii) the transaction price and volume executed at the stated price;deleted
2022/10/20
Committee: ECON
Amendment 196 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (iii)
(iii) the intra-day auction information;deleted
2022/10/20
Committee: ECON
Amendment 199 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
(iv) the end-of-day auction information;deleted
2022/10/20
Committee: ECON
Amendment 202 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (v)
(v) the market identifier code identifying the execution venue;deleted
2022/10/20
Committee: ECON
Amendment 204 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (vi)
(vi) the standardised instrument identifier that applies across venues;deleted
2022/10/20
Committee: ECON
Amendment 206 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (vii)
(vii) the timestamp information on all of the following:deleted
2022/10/20
Committee: ECON
Amendment 208 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
— the time of execution of the trade;deleted
2022/10/20
Committee: ECON
Amendment 211 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (vii) – indent 2
— the time of publication of the trade;deleted
2022/10/20
Committee: ECON
Amendment 214 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (vii) – indent 3
— the receipt of market data from the market data contributors;deleted
2022/10/20
Committee: ECON
Amendment 217 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (vii) – indent 4
— the receipt of market data by the consolidated tape provider;deleted
2022/10/20
Committee: ECON
Amendment 219 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a - point (vii) – indent 5
— the dissemination of consolidated market data to subscribers;deleted
2022/10/20
Committee: ECON
Amendment 222 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point a– point viii
(viii) the trading protocols and the applicable waivers or deferrals;deleted
2022/10/20
Committee: ECON
Amendment 226 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point d
Regulation (EU) No 600/2014
Article 2 – paragraph 1 – point 36 b – point b – introductory part
(b) all of the following data on nbon- equitieds:
2022/10/20
Committee: ECON
Amendment 231 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 3 – point a
Regulation (EU) No 600/2014
Article 4 – paragraph 1– point a
(a) paragraph 1 is amended as follows: (i) point (a) is replaced by the following: ‘ (a) larger than twice the standard market size and that are based on a trading methodology by which the price of the financial instruments referred to in Article 3(1) is derived from either of the following: (i) instruments at the trading venues where those financial instruments were first admitted to trading; (ii) the price of those financial instruments at the most relevant market in terms of liquidity where that price is widely published and is regarded by market participants as a reliable reference price; (iii) the consolidated tape for shares or ETFs.; ’ (ii) added: ‘ For the purposes of point (a), the continued use of that waiver shall be subject to the conditions set out in Article 5.; ’deleted systems matching orders that are the price of those financial the following subparagraph is
2022/10/20
Committee: ECON
Amendment 232 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 3 – point b
Regulation (EU) No 600/2014
Article 4 – paragraph 2 – subparagraph 1 – point a – point iii
(iii) the consolidated tape for shares or ETFs;deleted
2022/10/20
Committee: ECON
Amendment 234 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 3 – point b a (new)
Regulation (EU) No 600/2014
Article 4 – paragraph 6 – subparagraph 1 – point f (new)
(b a) in paragraph 6, the following point is added: "(b a) the minimum size of an order that may be matched using the trading methodology referred to in paragraph 1(a), which shall not be lower than twice the standard market size."
2022/10/20
Committee: ECON
Amendment 319 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 10
Regulation (EU) No 600/2014
Article 22 a – paragraph 1
1. Market data contributors shall, with regard to shares, ETFs and bonds that are traded on a trading venue, and with regard to OTC derivatives as defined in Article 2(7) of Regulation (EU) No 648/2012 that are subject to the clearing obligation as referred to in Article 4 of that Regulation,bonds provide the CTP with all the market data as set out in Article 22b(2) as needed for the CTP to be operational. Those market data shall be provided in a harmonised format, through a high quality transmission protocol, and as close to real- time as is technically possibleno later than one minute after the transaction by all trading venues.
2022/10/21
Committee: ECON
Amendment 362 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 15
Regulation (EU) No 600/2014
Article 27da – title
Article 27da Selection process for the authorisation of a single consolidated tape provider for each asset clasbonds
2022/10/21
Committee: ECON
Amendment 367 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 15
Regulation (EU) No 600/2014
Article 27da – paragraph 1
1. By [OP insert date 3 months as of entry into force], ESMA shall organise a selection procedure for the appointment of the CTP for a five year term. ESMA shall organise a separate selection procedure for each of the following asset classes: shares, exchange traded funds, bonds and derivatives (or relevant subclasses of derivatives).term deemed appropriate keeping in mind the set-up costs which will be incurred by the CTP. ESMA should organise a separate selection procedure for bonds
2022/10/21
Committee: ECON
Amendment 370 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 15
Regulation (EU) No 600/2014
Article 27da – paragraph 2 – introductory part
2. For each of the asset classebonds referred to in paragraph 1, ESMA shall assess the applications on the basis of the following criteria:
2022/10/21
Committee: ECON
Amendment 398 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 15
Regulation (EU) No 600/2014
Article 27da – paragraph 4
4. The selection of the CTP for sharebonds shall, in addition to the criteria in paragraph 2, consider the revenue participation scheme, and in particular the formula, applicable to regulated markets that are market data contributors. ESMA shall, when considering the competing tenders, select the CTP for sharebonds that offers the revenue participation scheme that provides regulated markets, in particular smaller regulated markets, with the highest amount of revenue that remains for distribution once deducted operating costs and a small incentivising margin which is deemed appropriate and reasonable margin. This revenue shall be distributed in accordance with Article 27h(1)(c), and in a manner commensurate to the market data contributed according to Article 22a.
2022/10/21
Committee: ECON
Amendment 407 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 15
Regulation (EU) No 600/2014
Article 27da – paragraph 5
5. ESMA shallould adopt a fully reasoned decision selecting and authorising the entities operating the consolidated tapes within 3 months as of initiation of the selection procedure referred to in paragraph 2. Such reasoned decision shall specify the conditions under which the CTPs shall operate, and in particular the level of fees referred to in paragraph 2, point (g) and for sharebonds the level of the participation referred to in paragraph 3, in particular for smaller regulated markets.
2022/10/21
Committee: ECON
Amendment 420 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 16
Regulation (EU) No 600/2014
Article 27h – paragraph 1 – subparagraph 1 – point d
(d) make consolidated core market data, for the provision of which the CTP is selected in accordance with Article 27da, available in accordance with the data quality requirements set out in Article 22b to users into a continuous electronic data stream on non-discriminatory terms as close to real time as technically possibleno later than one minute after the transaction;
2022/10/21
Committee: ECON
Amendment 435 #

2021/0385(COD)

Proposal for a regulation
Article 1 – paragraph 16
4. After 12 months of full operation of the CTP for sharebonds, ESMA shall provide the Commission with a motivated opinn evaluation on the effectiveness and fairness of the level of participation of regulated markets in the revenues generated by the CTP as set out in accordance with the second subparagraph of paragraph 1. The Commission may request ESMA to provide further opinionassessments, where necessary or appropriate. The Commission shall be empowered to adopt a delegated act in accordance with Article 50 to revise the allocation key for the revenue redistribution, where appropriate.;
2022/10/21
Committee: ECON
Amendment 50 #

2021/0380(COD)

Proposal for a regulation
Recital 5
(5) For the functioning of ESAP, collection bodies should be designated to collect from the relevant entities the information in relation to financial services, capital markets and sustainability. In the absence of a collection body already established under Union law, Member States shall designate one of the Officially Appointed Mechanisms established under Directive 2004/109/EC of the European Parliament and of the Council20a collection body to collect and store the information, and notify the European Securities and Markets Authority (ESMA) accordingly. That Officially Appointed Mechanism should act as a collection body, as defined in Article 2, point (2) of Regulation (EU) XXXX/XXX [ESAP Regulation] and should carry out the specific tasks set out in that Regulation. Where a European Supervisory Authority or a competent authority is required under Union law to draw-up and publish on its website information on the relevant entities and their financial products in relation to financial services, capital markets and sustainability, that authority should act as a collection body as defined in Article 2, point (2) of Regulation (EU) XXXX/XXX [ESAP Regulation]. That authority should publish information in a data extractable format, include the names and, where available, the legal entity identifier of the entity, and specify the type of information. _________________ 20 Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (OJ L 390, 31.12.2004, p. 38).
2022/11/11
Committee: ECON
Amendment 52 #

2021/0380(COD)

Proposal for a regulation
Recital 7
(7) In order for the information to be digitally usable, entities should submit to the collection bodies the information in a data extractable format or, where required under Union law, in a machine-readable format. Entities should also accompany the information they submit to the collection bodies with the metadata requested by those collection bodies. The Commission should be empowered to adopt implementing technical standards developed by the relevant European Supervisory Authority specifying the metadata for each piece of information, the data structuring of the information and information for which a machine-readable format is required and which machine- readable format is to be used in that case. In respect of standards concerning sustainability information, the Joint Committee of the European Supervisory Authorities should consult the European Financial Reporting Advisory Group (EFRAG) on the development of these draft implementing standards. All standards should seek to make ESAP future-proof and consider potential interoperability at a global level in the future, thus should draw upon global standards and best practices where relevant.
2022/11/11
Committee: ECON
Amendment 53 #

2021/0380(COD)

Proposal for a regulation
Recital 8
(8) Entities should be held responsible for the information they submit to the collection bodies. Ensuring data integrity and credibility of the source would enable to protect entities from undue alteration of their information, and build public trust in ESAP. To that purpose, documents submitted by entities to the collection bodies should be accompanied by a qualified electronic seal included by the reporting entity on the information submitted to the collection bodies where such seal is required, in accordance with specifications set out in Regulation (EU) XXXX/XXX [ESAP Regulation].
2022/11/11
Committee: ECON
Amendment 54 #

2021/0380(COD)

Proposal for a regulation
Recital 8 a (new)
(8 a) Collection bodies should not be responsible for verifying the accuracy of the content of the information, unless mandated to do so in accordance with the relevant Union law listed in the Annex to this Regulation. Entities subject to mandatory reporting should be responsible for ensuring the accuracy of the information submitted owing to their legal obligations under the relevant Union law listed in the Annex to this Regulation or national law.
2022/11/11
Committee: ECON
Amendment 62 #

2021/0380(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EC) No 1060/2009
Article 13a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to Article 8(1), Article 8(6) and Article 8(7), Article 8a(1), Article 8a(3), Article 10(1), Article 10(4), Article 11(1), and Article 12, credit rating agencies shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 63 #

2021/0380(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EC) No 1060/2009
Article 13a – paragraph 1 – subparagraph 2– point b – point v a (new)
(v a) the country of establishment of the entity;
2022/11/11
Committee: ECON
Amendment 64 #

2021/0380(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EC) No 1060/2009
Article 13a – paragraph 1 – subparagraph 2 – point b – point v b (new)
(v b) the industry sector(s) of the entity’s economic activities, as specified pursuant to Article 7(4) of Regulation (EU) XX/XXXX[ESAP Regulation].
2022/11/11
Committee: ECON
Amendment 65 #

2021/0380(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EC) No 1060/2009
Article 13a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 5(3), Article 8d(2), Article 11(2), Article 11a(1), Article 11a(2), Article 18(3), Article 24(5), and Article 36d(1), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the name, where available, and the legal entity identifier of the credit rating agency as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 67 #

2021/0380(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EC) No 1060/2009
Article 13a – paragraph 3 – subparagraph 2 a (new)
To ensure consistency with the digital mark-up of sustainability information, ESMA shall consult the European Financial Reporting Advisory Group on the development of draft implementing standards pertaining to the disclosure of sustainability information.
2022/11/11
Committee: ECON
Amendment 68 #

2021/0380(COD)

Proposal for a regulation
Article 1 – paragraph 1
Regulation (EC) No 1060/2009
Article 13a – paragraph 4 a (new)
4 a. If necessary, ESMA shall adopt guidance for entities to ensure the metadata submitted, in accordance with Article 4, point (a), is relevant.
2022/11/11
Committee: ECON
Amendment 69 #

2021/0380(COD)

Proposal for a regulation
Article 2 – paragraph 1
Regulation (EC) No 236/2012
Article 11a – paragraph 1 – subparagraph 1
1. From 1 January 20245, when making public any information pursuant to Article 6(1), the natural or legal person shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 72 #

2021/0380(COD)

Proposal for a regulation
Article 3 – paragraph 1
Regulation (EU) No 648/2012
Article 38a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to Article 26(7), Article 28(2), Article 38(1), Article 38(3) second subparagraph, Article 38(4), Article 38(5), Article 39(7), Article 39(8), and Article 49(3), CCPs and clearing members shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 73 #

2021/0380(COD)

Proposal for a regulation
Article 3 – paragraph 1
Regulation (EU) No 648/2012
Article 38a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 6(1), Article 18(2), second subparagraph, Article 25(4), fourth subparagraph, Article 25m(1), Article 25q(3), Article 59(3), Article 68(1), Article 73(3), and Article 77(2), fourth subparagraph, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the CCPs and clearing members as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 74 #

2021/0380(COD)

Proposal for a regulation
Article 3 – paragraph 1
Regulation (EU) No 648/2012
Article 38a – paragraph 3 – subparagraph 3
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 12(2), the collection bodies as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the national competent authorities. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of the [ESAP Regulation], include the names and, where available, the legal entity identifier of the CCP and clearing members as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 75 #

2021/0380(COD)

Proposal for a regulation
Article 4 – paragraph 1
Regulation (EU) No 345/2013
Article 13a – paragraph 1
From 1 January 20267, in order to make accessible on ESAP established under the Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council* the information referred to in Article 17(1), the collection body as defined in Article 2, point (2), of that Regulation shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names, where available, and the legal entity identifier of the fund as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 76 #

2021/0380(COD)

From 1 January 20267, in order to make accessible on ESAP established under the Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council* the information referred to in Article 18(1), the collection body as defined in Article 2, point (2), of that Regulation shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the fund as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation. ________________
2022/11/11
Committee: ECON
Amendment 77 #

2021/0380(COD)

Proposal for a regulation
Article 6 – paragraph 1
Regulation (EU) No 575/2013
Article 434b – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to part Eight of this Regulation, the institutions shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 81 #

2021/0380(COD)

Proposal for a regulation
Article 9 – paragraph 1
Regulation (EU) No 600/2014
Article 23a – paragraph 1
From 1 January 20267, in order to make accessible on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council* the information referred to in Article 14(6), Article 15(1) second subparagraph, Article 18(4), Article 27(1), Article 34, Article 40(5), Article 44(2), Article 45(6) and Article 48, ESMA shall qualify as the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation]. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the investment firm as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 85 #

2021/0380(COD)

Proposal for a regulation
Article 10 – paragraph 1
Regulation (EU) No 909/2014
Article 74a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to Article 7(1), Article 7(9), Article 26(4), Article 27(4), Article 27(7), Article 28(2), Article 33(1), Article 33(2), Article 34(1), Article 38(6), Article 39(3), Article 41(2), Article 54(3), point (e), Article 54(4), point (f) and Article 59(4), point (j) of this Regulation, the CSD shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 89 #

2021/0380(COD)

Proposal for a regulation
Article 10 – paragraph 1
Regulation (EU) No 909/2014
Article 74a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 12(2) and Article 62, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the name and, where available, the legal entity identifier of the CSD as specified under Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 96 #

2021/0380(COD)

Proposal for a regulation
Article 11 – paragraph 1
Regulation (EU) 1286/2014
Article 29a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public the key information document pursuant to Article 5(1), the PRIIPs manufacturer shall submit that key information document to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility of such information on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 98 #

2021/0380(COD)

Proposal for a regulation
Article 11 – paragraph 1
Regulation (EU) 1286/2014
Article 29a – paragraph 3 – subparagraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the key information document referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21(2) of Directive 2004/109/EC as the collection body defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 99 #

2021/0380(COD)

Proposal for a regulation
Article 11 – paragraph 1
Regulation (EU) 1286/2014
Article 29a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 27(1) and Article 29(1), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the PRIIP manufacturer as specified pursuant to Article 7(4) of that Regulation, and the type of information as specified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 100 #

2021/0380(COD)

Proposal for a regulation
Article 12 – paragraph 1
Regulation (EU) 2015/760
Article 25a – paragraph 1
From 1 January 20267, in order to make accessible on ESAP established under the Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council* the information referred to in Article 3(3), the collection body as defined in Article 2, point (2), of that Regulation shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the fund as defined pursuant to Article 7(4) of Regulation (EU) XX/XXXX [ESAP Regulation], and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 101 #

2021/0380(COD)

Proposal for a regulation
Article 13 – paragraph 1
Regulation (EU) 2015/2365
Article 32a – paragraph 1 – subparagraph 1
1. From 1 January 20245, when making public any information pursuant to Article 8(3), Article 12(1), Article 19(8), Article 26(1), and Article 26(4) of this Regulation, entities shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 102 #

2021/0380(COD)

Proposal for a regulation
Article 13 – paragraph 1
Regulation (EU) 2015/2365
Article 32a – paragraph 3 – subparagraph 1
3. From 1 January 20245, for the purposes of in paragraph 1, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA.
2022/11/11
Committee: ECON
Amendment 103 #

2021/0380(COD)

Proposal for a regulation
Article 13 – paragraph 1
Regulation (EU) 2015/2365
Article 32a – paragraph 3 – subparagraph 2
From 1 January 20245, for the purposes of making accessible on ESAP the information referred to in Article 22(4), point (b), Article 25(1), Article 25(2), Article 25(3), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the entity as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 104 #

2021/0380(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. From 1 January 20265, when making public any information pursuant to Articles 4(5), Article 11(1) point (c), Article 12(3), Article 13(1), Article 25(7), Article 26(3), Article 27(1), and Article 28(1), the administrator shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 105 #

2021/0380(COD)

Proposal for a regulation
Article 14 – paragraph 1
Regulation (EU) 2016/1011
Article 28a – paragraph 3 – subparagraph 3
From 1 January 20265, for the purposes of making accessible on ESAP the information referred to in Article 36, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the administrator as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 106 #

2021/0380(COD)

Proposal for a regulation
Article 15 – paragraph 1
Regulation (EU) 2017/1129
Article 21a – paragraph 1 – subparagraph 1
1. From 1 January 20245, when making public any information pursuant to Article 1(4) points (f) and (g), Article 1(5) first subparagraph, points (e) and (f), Article 8(5), Article 9(4), Article 10(2), Article 17(2), Article 21(1), Article 21(9), and Article 23(1), the issuer, the offeror or the person asking for admission to trading on a regulated market, where relevant, shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 110 #

2021/0380(COD)

Proposal for a regulation
Article 15 – paragraph 1
Regulation (EU) 2017/1129
Article 21a– paragraph 3 – subparagraph 2
From 1 January 20245, for the purposes of making accessible on ESAP the information referred to in Articles 25(1), Article 25(4), and Article 26(2), the collection body defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the issuer or, where applicable, the offeror as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 111 #

2021/0380(COD)

Proposal for a regulation
Article 17 – paragraph 1
Regulation (EU) 2017/1131
Article 70a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to Article 26(1) of this Regulation, the PEPP provider shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility of such information on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 112 #

2021/0380(COD)

Proposal for a regulation
Article 17 – paragraph 1
Regulation (EU) 2017/1131
Article 70a – paragraph 3 – subparagraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21(2) of Directive 2004/109/EC as the collection body referred to in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 113 #

2021/0380(COD)

Proposal for a regulation
Article 17 – paragraph 1
Regulation (EU) 2017/1131
Article 70a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 65(6), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be EIOPA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the insurance or reinsurance undertaking as specified pursuant to Article 7(4) of that Regulation (EU), and include the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 114 #

2021/0380(COD)

Proposal for a regulation
Article 17 – paragraph 1
Regulation (EU) 2017/1131
Article 70a – paragraph 3 – subparagraph 3
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 63(4), Article 69(1) and 69(4), the collection bodies as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authorities. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the insurance or reinsurance undertaking, as specified pursuant to Article 7(4) of ), and include the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 115 #

2021/0380(COD)

Proposal for a regulation
Article 18 – paragraph 1
Regulation (EU) 2019/1238
Article 46a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to Part Six of this Regulation, investment firms shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility of such information on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 118 #

2021/0380(COD)

Proposal for a regulation
Article 20 – paragraph 1
Regulation (EU) 2020/852
Article 8a – paragraph 1 – subparagraph 1
1. From 1 January 20245, when making public any information pursuant to Article 7 and Article 8(2) of this Regulation, the undertaking shall submit that information to the relevant collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 119 #

2021/0380(COD)

3. By 31 December 20234, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21(2) of Directive 2004/109/EC as the collection body defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify the ESMA thereof.
2022/11/11
Committee: ECON
Amendment 122 #

2021/0380(COD)

Proposal for a regulation
Article 21 – paragraph 1
Regulation (EU) 2021/23
Article 95a – paragraph 1 – subparagraph 1
1. From 1 January 20267, when making public any information pursuant to Article 50(2), Article 72(3), Article 82(2), point (a), and Article 83(1) of this Regulation, the resolution authorities shall submit that information to the collection body referred to in paragraph 3 of this Article at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 52 #

2021/0379(COD)

Proposal for a directive
Recital 5
(5) For the functioning of ESAP, collection bodies should be designated to collect from the entity the information in relation to financial services capital markets and sustainability. In the absence of a collection body already established under Union law, Member States shall designate one of the Officially Appointed Mechanism established under Directive 2004/109/EC of the European Parliament and of the Council20a collection body to collect and store the information, and notify the European Securities and Markets Authority (ESMA) accordingly. That Officially Appointed Mechanism should act as a collection body, as defined in Article 2, point (2) of Regulation (EU) XXXX/XXX [ESAP Regulation] and should carry out the specific tasks set out in that Regulation. Where a European Supervisory Authority or a competent authority is required under Union law to draw-up and publish on its website information on the entities and their financial products in relation to financial services, capital markets and sustainability, that authority should act as a collection body as defined Article 2, point (2) of Regulation (EU) XXXX/XXX [ESAP Regulation]. That authority should publish the information in a data extractable format, include the names and, where available, the legal entity identifier of the entity, and specify the type of information. _________________ 20 Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (OJ L 390, 31.12.2004, p. 38).
2022/11/11
Committee: ECON
Amendment 54 #

2021/0379(COD)

Proposal for a directive
Recital 7
(7) In order for the information to be digitally usable, the entities should submit to the collection bodies the information in a data extractable format or, where required under Union law, in a machine-readable format. The entities should also accompany the information they submit to the collection bodies with the metadata requested by those collection bodies. The Commission should be empowered to adopt implementing technical standards developed by the relevant European Supervisory Authority specifying the metadata for each piece of information, the data structuring of the information, and the information for which the machine- readable format is required and which machine-readable format is to be used in that case. In respect of standards concerning sustainability information, the Joint Committee of the European Supervisory Authorities should consult the European Financial Reporting Advisory Group (EFRAG) on the development of these draft implementing standards. All standards should seek to make ESAP future-proof and consider potential interoperability at a global level in the future, thus should draw upon global standards and best practices where relevant.
2022/11/11
Committee: ECON
Amendment 55 #

2021/0379(COD)

Proposal for a directive
Recital 8
(8) Entities should be held responsible for the information they submit to the collection bodies. Ensuring data integrity and credibility of the source would enable to protect the entities from undue alteration of their information, and build public trust in ESAP. To that purpose, documents submitted by entities to the collection bodies should be accompanied by a qualified electronic seal included by the reporting entity on the information submitted to the collection bodies where such seal is required, in accordance with the specifications set out in Regulation (EU) XXXX/XXX [ESAP Regulation].
2022/11/11
Committee: ECON
Amendment 56 #

2021/0379(COD)

Proposal for a directive
Recital 8 a (new)
(8 a) Collection bodies should not be responsible for verifying the accuracy of the content of the information, unless mandated to do so in accordance with the relevant Union law listed in the Annex to this Regulation. Entities subject to mandatory reporting should be responsible for ensuring the accuracy of the information submitted owing to their legal obligations under the relevant Union law listed in the Annex to this Regulation or national law.
2022/11/11
Committee: ECON
Amendment 64 #

2021/0379(COD)

Proposal for a directive
Article 1 – paragraph 1
Directive 2002/87/EC
Article 30b – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member 1. States shall ensure that, when making public any information pursuant to Article 9(4) of this Directive, the regulated entities submit at the same time that information to the collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 65 #

2021/0379(COD)

Proposal for a directive
Article 1 – paragraph 1
Directive 2002/87/EC
Article 30b – paragraph 1– subparagraph 2 – point b – point v a (new)
(v a) the country of establishment of the entity;
2022/11/11
Committee: ECON
Amendment 66 #

2021/0379(COD)

Proposal for a directive
Article 1 – paragraph 1
Directive 2002/87/EC
Article 30b – paragraph 1 – point b – point v b (new)
(v b) the industry sector(s) of the entity’s economic activities, as specified pursuant to Article 7(4) of Regulation (EU) XX/XXXX [ESAP Regulation].
2022/11/11
Committee: ECON
Amendment 67 #

2021/0379(COD)

Proposal for a directive
Article 1 – paragraph 1
Directive 2002/87/EC
Article 30b – paragraph 3
3. By 31 December 20256, for the purposes of paragraph 1, Member States shall designate one of the officially appointed mechanisms as defined in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 69 #

2021/0379(COD)

Proposal for a directive
Article 1 – paragraph 1
Directive 2002/87/EC
Article 30b – paragraph 4 – subparagraph 2 a (new)
To ensure consistency with the digital mark-up of sustainability information, ESMA shall consult the European Financial Reporting Advisory Group on the development of draft implementing standards pertaining to the disclosure of sustainability information.
2022/11/11
Committee: ECON
Amendment 70 #

2021/0379(COD)

Proposal for a directive
Article 1 – paragraph 1
Directive 2002/87/EC
Article 30b – paragraph 4 a (new)
4 a. If necessary, ESMA shall adopt guidance for entities to ensure the metadata submitted, in accordance with Article 4, point (a), is relevant.
2022/11/11
Committee: ECON
Amendment 72 #

2021/0379(COD)

Proposal for a directive
Article 2 – paragraph 1
Directive 2004/25/EC
Article 16a – paragraph 1 – subparagraph 1
1. From 1 January 20256, Member States shall ensure that, when making public an information pursuant to Article 4(2), point (c), Article 5(4), Article 6(1), Article 6(2) and Article 9(5) of this Directive, companies submit at the same time that information to the relevant collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 73 #

2021/0379(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 1
Directive 2004/109/EC
Article 23a – paragraph 1 – subparagraph 1
1. From 1 January 20245, Member States shall ensure that, when disclosing the regulated information pursuant to Article 21 (1) of this Directive, the issuer or the person who has applied for admission to trading on a regulated market without the issuer's consent shall at the same time submit that regulated information to the relevant collection body referred to in paragraph 2 of this Article for accessibility on ESAP established pursuant to Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 74 #

2021/0379(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 1
Directive 2004/109/EC
Article 23a – paragraph 2 – subparagraph 2
From 1 January 20245, for the purposes of making accessible on ESAP the information referred to in Article 29(1), the collection bodies a defined in Article 2 (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authorities. That information shall be prepared in a data extractable format as defined in Article 2 (3), of the Regulation (EU) XX/XXXX [ESAP Regulation],include the names and, where available, the legal entity identifier of the issuer, as specified pursuant to Article 7(4) of that Regulation, and include the type of information, as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 76 #

2021/0379(COD)

Proposal for a directive
Article 5 – paragraph 1
Directive 2007/36/EC
Article 14c – paragraph 1 – subparagraph 1
1. From 1 January 20256, Member States shall ensure that, when making public any information pursuant to Article 3g(1), Article 3h(1), Article 3h(2), Article 3j(1), Article 3j(2), Article 9a(7), Article 9b(5), Article 9c(2), Article 9c(7), and Article 14(2) of this Directive, companies submit at the same time that information to the collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 77 #

2021/0379(COD)

Proposal for a directive
Article 5 – paragraph 1
Directive 2007/36/EC
Article 14c – paragraph 3
3. By 31 December 2024, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 79 #

2021/0379(COD)

Proposal for a directive
Article 6 – paragraph 1
Directive 2009/65/EC
Article 82a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 68(1), Article 76, Article 78(1) of this Directive, UCITS submit that information at the same time to the relevant collection body referred to in paragraph 3 of this Article on for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 82 #

2021/0379(COD)

Proposal for a directive
Article 6 – paragraph 1
Directive 2009/65/EC
Article 82a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 6(1), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the UCITS, as specified pursuant to Article 7(4) of that Regulation, and include the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 83 #

2021/0379(COD)

Proposal for a directive
Article 6 – paragraph 1
Directive 2009/65/EC
Article 82a – paragraph 3 – subparagraph 3
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 99b(1), the collection body as defined in Article 2, point (2), of the Regulation (EU) XX/XXXX [ESAP Regulation] shall be the national competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of the Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the UCITS, as specified pursuant to Article 7(4) of that Regulation, and include the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 85 #

2021/0379(COD)

Proposal for a directive
Article 7 – paragraph 1
Directive 2009/138/EC
Article 304b – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 51(1) and Article 256(1) of this Directive, insurance or reinsurance undertakings submit at the same time that information to the relevant collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 86 #

2021/0379(COD)

Proposal for a directive
Article 7 – paragraph 1
Directive 2009/138/EC
Article 304b – paragraph 3 – subparagraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to under paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 88 #

2021/0379(COD)

Proposal for a directive
Article 7 – paragraph 1
Directive 2009/138/EC
Article 304b – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 25a and Article 52(2) of this Directive, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be EIOPA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the insurance or reinsurance undertaking, as specified pursuant to Article 7(4) of that Regulation and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 89 #

2021/0379(COD)

Proposal for a directive
Article 7 – paragraph 1
Directive 2009/138/EC
Article 304b – paragraph 3 – subparagraph 1
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 271(1) and Article 280(1) of this Directive, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the insurance or reinsurance undertaking, as specified pursuant to Article 7(4) of that Regulation and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 90 #

2021/0379(COD)

Proposal for a directive
Article 8 – paragraph 1
Directive 2011/61/EU
Article 69b – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public the information pursuant to Article 7(5) of this Directive, competent authorities submit at the same time that information to the collection body defined in paragraph 2 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 91 #

2021/0379(COD)

Proposal for a directive
Article 8 – paragraph 1
Directive 2011/61/EU
Article 69b – paragraph 2 – subparagraph 2
From 1 January 20267, that information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include names and – where available - the legal entity identifier of the AIFM and the list of AIFs managed or marketed as specified pursuant to Article 7(4) of that Regulation, and the type of information as specified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 93 #

2021/0379(COD)

Proposal for a directive
Article 9 – paragraph 1
Directive 2013/34/EU
Article 33a – paragraph 1 – subparagraph 1
1. From 1 January 20256, Member States shall ensure that, when making public the duly approved annual financial statements, management report, consolidated financial statements, consolidated management report, audit report and the report on payments to governments pursuant to Article 30 and Article 42 of this Directive, the undertakings referred to in Article 19a and Article 29a submit that duly approved annual financial statements, management report, consolidated financial statements, consolidated management report, audit report and the report on payments to governments to the collection body referred to in paragraph 3 of this Article in order to make that information accessible on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 94 #

2021/0379(COD)

Proposal for a directive
Article 9 – paragraph 1
Directive 2013/34/EU
Article 33a – paragraph 1 a (new)
1 a. From 1 January 2025, Member States shall ensure that, when making public the duly approved statements and reports pursuant to Article 40a of this Directive, the undertakings referred to in that Article submit those statements and reports to the collection body referred to in paragraph 2 of this Article in order to make that information accessible on ESAP established under Regulation (EU) XX/XXXX [ESAP Regulation] of the European Parliament and of the Council.
2022/11/11
Committee: ECON
Amendment 95 #

2021/0379(COD)

Proposal for a directive
Article 9 – paragraph 1
Directive 2013/34/EU
Article 33a – paragraph 2
2. By 31 December 20245, for the purposes of paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 97 #

2021/0379(COD)

Proposal for a directive
Article 10 – paragraph 1
Directive 2013/36/EU
Article 116a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 68 and Article 131(12) of this Directive, the institutions submit at the same that information to the collection body referred to in paragraph 3 of this Article time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 100 #

2021/0379(COD)

Proposal for a directive
Article 11 – paragraph 1
Directive 2014/59/EU
Article 128a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 26(1), Article 29(1), Article 33a(8), Article 35(1), Article 45i(3), Article 83(4), Article 111(2) point (a), and Article 112(1) of this Directive, the relevant entities submit to the relevant collection body referred to in paragraph 3 at the same time for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 101 #

2021/0379(COD)

Proposal for a directive
Article 11 – paragraph 1
Directive 2014/59/EU
Article 128a – paragraph 3
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 102 #

2021/0379(COD)

Proposal for a directive
Article 12 – paragraph 1
Directive 2014/65/EU
Article 87a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 27(3), Article 27(6), , Article 33(3) points (c), (d), and (f), and Article 46(2) of this Directive, investment firms or market operators submit that information at the same time to the relevant collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 104 #

2021/0379(COD)

Proposal for a directive
Article 12 – paragraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to in paragraph 1 Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as the collection body defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 105 #

2021/0379(COD)

Proposal for a directive
Article 12 – paragraph 1
Directive 2014/65/EU
Article 87a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 71(1), Article 32(2) first subparagraph, and Article 52(2), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the national competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the investment firm or market operator as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 106 #

2021/0379(COD)

Proposal for a directive
Article 12 – paragraph 1
Directive 2014/65/EU
Article 87a – paragraph 3 – subparagraph 3
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 5(3), Article 18(10) fourth sentence, Article 58(1) point (a), and Article 59(3), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be ESMA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and, where available, the legal entity identifier of the investment firm or market operator as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 107 #

2021/0379(COD)

Proposal for a directive
Article 12 – paragraph 1
Directive 2014/65/EU
Article 87a – paragraph 3 – subparagraph 4
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 29(3), the collection body as defined in Article 2 (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the public register. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and the legal entity identifier of the tied agent as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 109 #

2021/0379(COD)

Proposal for a directive
Article 13 – paragraph 1
Directive (EU) 2016/97
Article 40a
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 32(1) and Article 32(2) of this Directive, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the name and - where available - the legal entity identifier of the entity as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 111 #

2021/0379(COD)

Proposal for a directive
Article 14 – paragraph 1
Directive (EU) 2016/2341
Article 63a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 23 (2) and Article 29 of this Directive, IORP submit at the same time that information to the relevant collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 112 #

2021/0379(COD)

Proposal for a directive
Article 14 – paragraph 1
Directive (EU) 2016/2341
Article 63a – paragraph 3 – subparagraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 114 #

2021/0379(COD)

Proposal for a directive
Article 14 – paragraph 1
Directive (EU) 2016/2341
Article 63a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 30 and 48(4), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and the legal entity identifier of the investment firm as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 116 #

2021/0379(COD)

Proposal for a directive
Article 15 – paragraph 1
Directive (EU) 2019/2034
Article 44a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member States shall ensure that, when making public any information pursuant to Article 44 of this Directive, investment firms submit that information at the same time to the relevant collection body referred to in paragraph 3 of this Article for accessibility on ESAP established under Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 117 #

2021/0379(COD)

Proposal for a directive
Article 15 – paragraph 1
Directive (EU) 2019/2034
Article 44a – paragraph 3 – subparagraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 119 #

2021/0379(COD)

Proposal for a directive
Article 15 – paragraph 1
Directive (EU) 2019/2034
Article 44a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Article 20, the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be EBA. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and the legal entity identifier of the investment firm as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 120 #

2021/0379(COD)

Proposal for a directive
Article 16 – paragraph 1
Directive (EU) 2019/2162
Article 29a – paragraph 1 – subparagraph 1
1. From 1 January 20267, Member State shall ensure that, when making public any information pursuant to Article 14 of this Directive, credit institutions permitted to issue covered bonds submit that information at the same time to the relevant collection body referred to in paragraph 3 of this Article for accessibility on ESAP established pursuant to Regulation (EU) XX/XXXX[ESAP Regulation] of the European Parliament and of the Council*.
2022/11/11
Committee: ECON
Amendment 121 #

2021/0379(COD)

Proposal for a directive
Article 16 – paragraph 1
Directive (EU) 2019/2162
Article 29a – paragraph 3 – subparagraph 1
3. By 31 December 20256, for the purposes of making accessible on ESAP the information referred to in paragraph 1, Member States shall designate one of the officially appointed mechanisms referred to in Article 21, point (2) of Directive 2004/109/EC as thea collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] and notify ESMA thereof.
2022/11/11
Committee: ECON
Amendment 123 #

2021/0379(COD)

Proposal for a directive
Article 16 – paragraph 1
Directive (EU) 2019/2162
Article 29a – paragraph 3 – subparagraph 2
From 1 January 20267, for the purposes of making accessible on ESAP the information referred to in Articles 24, Article 26(1), point (b) and Article 26(1), point (c), the collection body as defined in Article 2, point (2), of Regulation (EU) XX/XXXX [ESAP Regulation] shall be the competent authority. That information shall be prepared in a data extractable format as defined in Article 2, point (3), of Regulation (EU) XX/XXXX [ESAP Regulation], include the names and the legal entity identifier of the credit institution permitted to issue covered bonds as specified pursuant to Article 7(4) of that Regulation, and the type of information as classified pursuant to Article 7(4) of that Regulation.
2022/11/11
Committee: ECON
Amendment 75 #

2021/0378(COD)

Proposal for a regulation
Recital 3
(3) ESAP should provide the public with an easy centralised access to information about entities and their products that is made public in relation to financial services, capital markets and sustainability. ESAP should also provide access to information relevant to financial services and capital markets that is made public on a voluntary basis by any entity governed by the law of a Member State, where such entity chooses to make that information accessible on ESAP. As presented in the Digital Finance Strategy, ESAP should be established as from 2024ESAP should be established as from 2025. It should also allow for more retail-oriented accessibility of relevant information in order to meet growing demand for quality information, in particular when it comes to sustainability. That should translate into an interface that is as user-friendly as possible, with a high degree of data comparability, and search criteria that are relevant to retail investors.
2022/11/11
Committee: ECON
Amendment 81 #

2021/0378(COD)

Proposal for a regulation
Recital 4
(4) The information to be made publicly accessible on ESAP should be collected by collection bodies designated for the purpose of collecting the information that the entities are under an obligation to make public. In order to ensure the efficient functioning of ESAP, the collection bodies should make the information available to ESAP in automated ways through a single application programming interface. For the information to be digitally usable and searchable, entities should make such information available in a data extractable format or, where required by Union law, in a machine- readable format. Compared to data extractable formats, machine-readable formats are file formats structured so that software applications can easily identify, recognise and extract specific data, including individual statements of fact, and their internal structure. To ensure that entities submit the information in the correct format and to address possible technical issues encountered by the entities, the collection bodies should provide technical assistance to those entities.
2022/11/11
Committee: ECON
Amendment 85 #

2021/0378(COD)

Proposal for a regulation
Recital 5
(5) Apart from the information in relation to financial services, capital markets and sustainability that has to be made public under Union law, investors, market participants, advisors, academia and the public at large may have an interest in obtaining other information that an entity wants to make accessible. Small and medium-sized enterprises, that are not subject to the mandatory disclosure requirements under Union law, may want to make more information publicly accessible in order to become more visible to potential investors and thereby increase funding and diversify funding opportunities. Also, market participants may want to provide more information than that required by law or to make public the information required by national law but not available at Union level in order to complement the information provided to the public at the Union level. Any entity should therefore be allowed to make financial, sustainability- related and other relevant information accessible on ESAP. Pursuant to the principle of data miniSuch voluntary submisatsion, entities should ensure that no personal data are included, except where those data constitute a necessary element of the information about their economic activities, including when the name of the entity coincides with the name of the owner. Where such information contains personal data, the entities should ensure that they can rely for such disclosure on one of the lawful grounds of processing laid down in Article 6 of Regulation (EU) 2016/679 of the European Parliament and of the Council26 . _________________ 26 Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) (OJ L 119, 4.5.2016, p. 1) should, nonetheless, be subject to the same format and data quality requirements so as not to jeopardise the integrity of the ESAP. Moreover, entities that are not subject to mandatory reporting, in accordance with the Union law listed in the Annex to this Regulation, that choose to voluntarily submit information corresponding to that due under Union law, should ensure that they submit a complete data set to facilitate comparison and contextualise the data.
2022/11/11
Committee: ECON
Amendment 88 #

2021/0378(COD)

Proposal for a regulation
Recital 5 a (new)
(5 a) Pursuant to the principle of data minimisation, entities should ensure that no personal data are included, except where those data constitute a necessary element of the information about their economic activities, including when the name of the entity coincides with the name of the owner. Where such information contains personal data, the entities should ensure that they can rely for such disclosure on one of the lawful grounds of processing laid down in Article 6 of Regulation (EU) 2016/679 of the European Parliament and of the Council1a . _________________ 1a Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) (OJ L 119, 4.5.2016, p. 1).
2022/11/11
Committee: ECON
Amendment 89 #

2021/0378(COD)

Proposal for a regulation
Recital 7
(7) In order to enable entities and the public to identify the collection bodies providing information to ESAP, ESMA should publish on its website a list of the collection bodies and keep it up to date. The designation of collection bodies should be at the discretion of Member States but should respect the “file-once principle”.
2022/11/11
Committee: ECON
Amendment 91 #

2021/0378(COD)

Proposal for a regulation
Recital 8
(8) ESAP risks being subject to confidentiality breaches, integrity risks or risks on availability of the system and on the information processed therein. Those threats include accidents, errors, deliberate attacks and natural events, and need to be recognised as operational risks. ESMA, and the collection bodies, should implement appropriate and proportionate policies to ensure that ESAPthe protectsion of the information processed and functions as needed.
2022/11/11
Committee: ECON
Amendment 92 #

2021/0378(COD)

Proposal for a regulation
Recital 9
(9) To facilitate the searching, finding, retrieving and use of data, ESMA should ensure that ESAP offers a set of functionalities, including a search function, machine translation and possibilities to extract the information. The search functions should be offered in all the official languages of the Union and build at least on the metadata provided pursuant to the directives and regulations listed in the Annex. By 31 December 20245, ESMA should ensure that ESAP provides users with a minimum set of functionalities, to be completed by 31 December 20256.
2022/11/11
Committee: ECON
Amendment 94 #

2021/0378(COD)

Proposal for a regulation
Recital 9 a (new)
(9 a) When designing the user inter- face for ESAP, it should be borne in mind that it will potentially have a broad range of users, including both professional and retail investors, as well as academic institutions and civil society organisations. Therefore, the user- interface and search function should be designed in a manner that caters for a broad range of potential users.
2022/11/11
Committee: ECON
Amendment 97 #

2021/0378(COD)

Proposal for a regulation
Recital 10
(10) Re-using information that is available on ESAP can improve the functioning of the internal market and promote the development of new services that combine and make use of such information. It is therefore necessary, where justified on grounds of a public interest objective, to allow re-use of the information that is available on ESAP for purposes other than the purposes for which the information was drawn up. However,, unless it is justified on grounds of a public interest objective to place conditions on the use and re-use of that information. These conditions should be subject to objective, proportionate and non- discriminatory conditions. For that purpose, conditions corresponding to those laid down in open, standard licences within the meaning of Directive (EU) 2019/1024 of the European Parliament and of the Council27 should apply. The licensing terms of those standard licences should allow for data and content to be freely accessible, used, modified and shared by anyone for any purpose. ESMA should bear no liability for the use and re-use of information accessible on ESAP. The submission of information by the collection bodies should either not be subject to conditions or be subject to an open standard licence enabling the licensing terms applying for information accessible in the ESAP. _________________ 27 Directive (EU) 2019/1024 of the European Parliament and of the Council of 20 June 2019 on open data and the re-use of public sector information (OJ L 172, 26.6.2019, p. 56).
2022/11/11
Committee: ECON
Amendment 99 #

2021/0378(COD)

Proposal for a regulation
Recital 11 a (new)
(11 a) The validation procedure should be limited to verifying compliance with this Regulation, including the formatting requirements. Collection bodies should not be responsible for verifying the accuracy of the content of the information, unless mandated to do so in accordance with the relevant Union law listed in the Annex to this Regulation. Entities subject to mandatory reporting should be responsible for ensuring the accuracy of the information submitted owing to their legal obligations under the relevant Union law listed in the Annex to this Regulation or national law.
2022/11/11
Committee: ECON
Amendment 102 #

2021/0378(COD)

Proposal for a regulation
Recital 12
(12) ESAP should provide users with access to information for free and without discrimination and should make it possible for those users to search, access and download the information through ESAP. However, taking into account the need to protect ESMA from an excessive financial burden in relation to costs incurred for serving the needs of intensive users, if any, ESMA should have the ability to generate revenues. Therefore, by way of derogation from the principle that information should be accessible free of charge, ESMA should be allowed to impose fees for those specific services, including for services with high maintenance costs due to searches for and downloads of very large volumes of information or to frequent access to ESAP. Public bodies, academic institutions, and civil society organisations should not be subject to fees. The calculation of fees should be transparent and based on clear principles. Any fees imposed should, however, not exceed the cost of the service provided.
2022/11/11
Committee: ECON
Amendment 109 #

2021/0378(COD)

Proposal for a regulation
Recital 15
(15) In order to build and maintain public trust in ESAP and to protect each entity from undue alteration of its information, ESAP should ensure data integrity and credibility of the source of the information submitted to the collection bodies. Therefore, information submitted by the entities should include a qualified electronic seal attached to the information submitted as defined in Article 3(20), of Regulation (EU) No 910/2014 of the European Parliament and of the Council29 . A specific legal entity identifier may be a mandatory attribute of that certificate. That seal or signature acquired by ESAP should be made available to users. Where available, the legal entity identifier should be based on a globally recognised standard in order to facilitate interoperability. _________________ 29 Regulation (EU) No 910/2014 of the European Parliament and of the Council of 23 July 2014 on electronic identification and trust services for electronic transactions in the internal market and repealing Directive 1999/93/EC (OJ L 257, 28.8.2014, p. 73).
2022/11/11
Committee: ECON
Amendment 113 #

2021/0378(COD)

Proposal for a regulation
Recital 16
(16) In order for the information to be comparable over time, users should have access to past information. It is therefore necessary to require ESAP to provide access to information for a reasonable period of time, to the extent compatible with other applicable provisions of Union law. For that purpose, ESMA should ensure that no personal data are made accessible for longer than necessary as provided for under Union law. In order to enable ESMA and the collection bodies to prepare the operation of ESAP, ESAP should only provide access to the information submitted as from 1 January 20245.
2022/11/11
Committee: ECON
Amendment 114 #

2021/0378(COD)

Proposal for a regulation
Recital 17
(17) To ensure a smooth processing of the information received or drawn-up by the collection bodies and made available to ESAP, it is necessary to lay down certain clear and detailed requirements specifying the format and the metadata of that information and which collection bodies should collect such information. In order to ensure the quality of the information submitted to ESAP by the collection bodies, it is also necessary to define the characteristics of the automated validations to be carried out on each information reaching the collection bodies, and the characteristics of the qualified electronic seal to be attached to that information by the entities. To ensure the use and re-use of data on ESAP, a list of the designated open standard licences would need to be defined. To facilitate the searching, finding, retrieving of the data in a timely manner, the characteristics of the application programming interface and the metadata to be implemented will also need to be designed. Additional requirements as regards efficient search functions will need to be implemented such as the specific legal entity identifier, the classification of the type of information, and the categories of the size of the entities. To that purpose, the Joint Committee of the European Supervisory Authorities should develop draft implementing technical standards. Additionally, ESMA might develop draft implementing technical standards to determine the nature and extent of the specific services for which fees may be charged and the associated fee structureIn respect of standards concerning sustainability information, the Joint Committee of the European Supervisory Authorities should consult the European Financial Reporting Advisory Group (EFRAG) on the development of these draft implementing standards, in particular on standards defining requirements for the accessibility formats of sustainability information. All standards should seek to make ESAP future-proof and consider potential interoperability at a global level in the future, thus should draw upon global standards and best practices where relevant. Additionally, ESMA might develop draft implementing technical standards to determine the nature and extent of the specific services for which fees may be charged and the associated fee structure. To ensure full transparency of the cases when fees may be charged, ESMA should make public and easily available on ESAP the thresholds of volumes of information and the frequencies above which those fees apply. The Commission should be empowered to adopt those implementing technical standards by means of implementing acts pursuant to Article 291 TFEU and in accordance with Article 15 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council30 , No 1094/2010 of the European Parliament and of the Council31 and No 1095/2010 of the European Parliament and of the Council32 . _________________ 30 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). 31 Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48). 32 Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).
2022/11/11
Committee: ECON
Amendment 123 #

2021/0378(COD)

Proposal for a regulation
Article 1 – paragraph 1 – introductory part
1. By 31 December 20245, the European Securities and Markets Authority (ESMA) shall establish and operate a European single access point (“ESAP”) providing centralised electronic access to the following information:
2022/11/11
Committee: ECON
Amendment 128 #

2021/0378(COD)

Proposal for a regulation
Article 1 – paragraph 2
2. ESAP shall not provide access to information submitted before 1 January 20245.
2022/11/11
Committee: ECON
Amendment 129 #

2021/0378(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 7
(7) ‘metadata’ means structured information that makes it easier to retrieve, use, contextualise or manage an information resource, including by describing, explaining, or locating that information resource.
2022/11/11
Committee: ECON
Amendment 134 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 1 – introductory part
1. Any natural or legal person may submit to a collection body the information referred to in Article 1(1), point (b) to make that information accessible on ESAP. When submitting that information, the natural or legal person shall:
2022/11/11
Committee: ECON
Amendment 136 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a a (new)
(a a) Specify that the information submitted is done so on a voluntary basis;
2022/11/11
Committee: ECON
Amendment 137 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point c
(c) use, at least, a data extractable format for drawing up that information;
2022/11/11
Committee: ECON
Amendment 138 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point d
(d) ensure that no personal data are included, except where the personal data constitute a necessary element of the information about its economic activities, including when the name of the entity coincides with the name of the owner. If personal data is justifiably included, this shall be specified.
2022/11/11
Committee: ECON
Amendment 140 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 (new)
Information submitted on a voluntary basis that corresponds to the information referred to in Article(1), point (a), must be done so in a manner that ensures the information is comprehensive, contextualised, and comparable with information submitted on a mandatory basis.
2022/11/11
Committee: ECON
Amendment 147 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point c a (new)
(c a) the minimum data fields that must be completed if information corresponding to that referred to in Article 1(1), point (a) is submitted on a voluntary basis.
2022/11/11
Committee: ECON
Amendment 154 #

2021/0378(COD)

Proposal for a regulation
Article 3 – paragraph 2 a (new)
2 a. If necessary, the Joint Committee of the European Supervisory Authorities shall adopt guidance for entities to ensure the metadata submitted is relevant.
2022/11/11
Committee: ECON
Amendment 165 #

2021/0378(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point f – paragraph 1 – subparagraph 1 (new)
For the purpose of point (fa), the collection body shall notify ESMA if information is removed or replaced. This notification shall remain available for 6 months.
2022/11/11
Committee: ECON
Amendment 166 #

2021/0378(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point f a (new)
(f a) remove any information that is notified to the collecting body as being false or containing errors.
2022/11/11
Committee: ECON
Amendment 170 #

2021/0378(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 (new)
Collection bodies shall notify the entities of the rejection and the reasons thereof within a reasonable timeframe.
2022/11/11
Committee: ECON
Amendment 171 #

2021/0378(COD)

Proposal for a regulation
Article 5 – paragraph 4
4. Entities shallubject to mandatory reporting shall be responsible for ensuring the accuracy of the information submitted owing to their legal obligations under the relevant Union law listed in the Annex to this Regulation or national law. Entities shall also ensure the accuracy of the information they submit to the collection bodies on a voluntary basis.
2022/11/11
Committee: ECON
Amendment 175 #

2021/0378(COD)

Proposal for a regulation
Article 5 – paragraph 5
5. As regards the information falling under this Regulation, the collection bodies shall not exercise the right of the maker of a database, referred to in Article 7(1) of Directive 96/9/EC of the European Parliament and of the Council33 , tor any other intellectual property rights, in a way that prevents or restricts the use and re- use of the contents of the database or to restrict re- use of those contentspursuant to Article 9. _________________ 33 Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases (OJ L 77, 27.3.1996, p. 20).
2022/11/11
Committee: ECON
Amendment 181 #

2021/0378(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point b
(b) the legal entity identifier of the entity that submitted the information and, where applicable, the legal entity identifier of its subsidiaries;
2022/11/11
Committee: ECON
Amendment 184 #

2021/0378(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point c
(c) the type of information submitted by the entity that submitted the information;
2022/11/11
Committee: ECON
Amendment 186 #

2021/0378(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point e a (new)
(e a) the country of establishment of the entity;
2022/11/11
Committee: ECON
Amendment 187 #

2021/0378(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point e b (new)
(e b) the industry sector(s) of the entity’s economic activities;
2022/11/11
Committee: ECON
Amendment 189 #

2021/0378(COD)

Proposal for a regulation
Article 7 – paragraph 4 – point d a (new)
(d a) the categories of industry sectors referred to in paragraph 3, point (eb).
2022/11/11
Committee: ECON
Amendment 190 #

2021/0378(COD)

Proposal for a regulation
Article 7 – paragraph 4 a (new)
4 a. To ensure consistency with the digital mark-up of sustainability information, for the purpose of paragraphs 1, 2 and 3, the Joint Committee of the European Supervisory Authorities shall consult the European Financial Reporting Advisory Group on the development of draft implementing standards pertaining to the disclosure of sustainability information.
2022/11/11
Committee: ECON
Amendment 195 #

2021/0378(COD)

Proposal for a regulation
Article 8 – paragraph 2 – subparagraph 1
ESMA may, however, charge fees for specific services that involve searches and downloads for a very large volume of information or for frequently updated information, except when those services are used by civil society organisations, public bodies and academic institutions. Those fees shall not exceed the cost incurred by ESMA for the provision of the service.
2022/11/11
Committee: ECON
Amendment 205 #

2021/0378(COD)

Proposal for a regulation
Article 8 – paragraph 4 a (new)
4 a. If ESMA decides to charge fees to certain users of ESAP or for certain services of ESAP, it shall publish and make easily accessible on the ESAP website the fee structure, the volume thresholds, if relevant, and rate, and review the rate and thresholds on an annual basis.
2022/11/11
Committee: ECON
Amendment 209 #

2021/0378(COD)

Proposal for a regulation
Article 10 – paragraph 2
2. ESMA shall implement appropriate technical processes to automatically notify a collection body that the information submitted does not comply with the requirements laid down in Article 5(1), point (b). The collection body shall notify the submitting entity of the rejection and the reasons for in accordance with Article 2(2), subparagraph 2.
2022/11/11
Committee: ECON
Amendment 220 #

2021/0378(COD)

Proposal for a regulation
Article 13 – paragraph 1
By [PO, please insert a date 5 years after the entry into force of this Regulation], the Commission shall review the functioning of ESAP and assess its effectiveness, taking into account the annual reports referred to in Article 12, review the functioning of ESAP and assess its effectiveness, including: - the contribution of ESAP to making entities, including SMEs, more visible to cross-border investors; - the interoperability of the ESAP with similar global or national initiatives; - the cost incurred by entities and collection bodies for reporting to ESAP; - the costs incurred by ESMA for operating ESAP; - the fee structure, if applicable; - the benefits, if any, of extending the scope of ESAP to allow third-country entities to voluntarily submit information in accordance with all legislation listed in the annex to this Regulation. The Commission shall report to the European Parliament and to the Council on the results of this review.
2022/11/11
Committee: ECON
Amendment 76 #

2021/0377(COD)

Proposal for a regulation
Recital 3
(3) Certain characteristics of the ELTIF market, including the low number of funds, the small net asset size, the low number of jurisdictions in which ELTIFs are domiciled, and a portfolio composition that is skewed towards certain eligible investment categories, demonstrate the concentrated nature of that market, both geographically and in terms of investment type. It is therefore necessary to review the functioning of the ELTIF legal framework to ensure that more investments are channelled to businesses in need of capital and to long-term investment projects. In addition, further action is needed to remove existing tax barriers and introduce tax incentives, in order to ensure an adequate level playing field across Europe that would pave the way for a truly cross-border market for this type of funds.
2022/04/26
Committee: ECON
Amendment 96 #

2021/0377(COD)

Proposal for a regulation
Recital 10
(10) It is necessary to extend the scope of eligible assets and promote the investments of ELTIFs in securitised assets. It should therefore be clarified that, where the underlying assets consist of long-term exposures, eligible investment assets should also include simple, transparent and standardised (STS) securitisations as referred to in Article 182(1) of Regulation (EU) 2017/2402 of the European Parliament and of the Council14 . Those long-term exposures comprise securitisations of residential loans that are secured by one or more mortgages on residential immovable property (residential mortgage backed securities (RMBS)), commercial loans that are secured by one or more mortgages on commercial immovable property, corporate loans, including loans which are granted to small and medium enterprises (SMEs), and trade receivables or other underlying exposures that the originator considers to form a distinct asset type, provided that the proceeds from securitising those trade receivables or other underlying exposures are used for financing or refinancing long- term investments. _________________ 14 Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (OJ L 347, 28.12.2017, p. 35).
2022/04/26
Committee: ECON
Amendment 108 #

2021/0377(COD)

Proposal for a regulation
Recital 15
(15) The diversification requirements laid down in the current version of Regulation (EU) 2015/760 were introduced to ensure that ELTIFs can withstand adverse market circumstances. Those diversification thresholds imply, however, that ELTIFs are, on average, required to make ten distinct investments. In relation to investment in projects or infrastructures of large scale, the requirement to make ten investments per ELTIF may be difficult to achieve, and costly in terms of transactional costs and capital allocation. To reduce transaction and administrative costs for ELTIFs and ultimately their investors, ELTIFs should therefore be able to pursue more concentrated investment strategies and thus to be exposed to fewer eligible assets. It is therefore necessary to adjust the diversification requirements for ELTIFs’ exposures to single qualifying portfolio undertakings, single real assets, collective investment undertakings and certain other eligible investment assets, contracts and financial instruments. That additional flexibility in the portfolio composition of ELTIFs and the reduction in the diversification requirements should not materially affect the capacity of ELTIFs to withstand market volatility, since ELTIFs typically invest in assets that often do not have a readily available market quotation, may be highly illiquid, and frequently have long-term maturity or time horizon. Those diversification thresholds should not be applicable, in any case, to funds that are marketed as fund-of-fund structures.
2022/04/26
Committee: ECON
Amendment 126 #

2021/0377(COD)

Proposal for a regulation
Recital 24
(24) Article 13(1) of Regulation (EU) 2015/760 currently requires that ELTIFs invest at least 70 % of their capital in eligible investment assets. This high threshold for the composition of eligible investment assets in ELTIFs’ portfolios was initially established in view of the focus of ELTIFs on long-term investments and the contribution such investments would make to the financing of a sustainable growth of the Union’s economy. Given the illiquid and idiosyncratic nature of certain eligible investment assets within ELTIFs’ portfolios, however, it may prove difficult and costly for ELTIF managers to manage the liquidity of ELTIFs, honour redemption requests, enter into borrowing arrangements, and execute other elements of ELTIFs’ investment strategies pertaining to the transfer, valuation and pledging of such eligible investment assets. Lowering the eligible investment assets threshold down to 50 % would enable ELTIF managers to better manage the liquidity of ELTIFs.
2022/04/26
Committee: ECON
Amendment 127 #

2021/0377(COD)

Proposal for a regulation
Recital 25
(25) Leverage is frequently used to enable the day-to-day operation of an ELTIF and to carry out a specific investment strategy. Moderate amounts of leverage can amplify returns, and, where controlled adequately, without incurring or exacerbating excessive risks. In addition, leverage can frequently be used by a variety of collective investment undertakings to gain additional efficiencies or operational results. Since the borrowing of cash threshold is currently limited to 30% of the capital of the ELTIF, ELTIF managers may be unable to successfully pursue certain investment strategies, including in the case of investments in real assets, where using higher levels of leverage is an industry norm or is otherwise required to achieve attractive risk-adjusted returns. It is therefore appropriate to increase the flexibility of managers of ELTIFs to raise further capital during the life of the ELTIF. In view of the possibleorder to allow ELTIF managers to raise capital more efficiently (while keeping an eye on the potential risks that leverage canould entail), ELTIFs marketed to retail investors should be permitted to borrow cash amounting to up to 5100 % of the value of the capital of the ELTIF. The 50 % threshold is appropriate given the overall borrowing of cash limits common for funds investing in real assets with a similar liquidity and redemption profile. As for ELTIFs marketed to professional investors, however, a higher leverage threshold should be permitted, because professional investors have a higher risk-tolerance than retail investors. TNet Asset Value (NAV). As a consequence of this, the borrowing of cash threshold for ELTIFs that are marketed to professional investors only should thereforeequally be extended to 100 % of the ELTIF capitalnet asset value (NAV).
2022/04/26
Committee: ECON
Amendment 138 #

2021/0377(COD)

Proposal for a regulation
Recital 27
(27) ELTIFs should be able to encumber their assets to implement their borrowing strategy. To address concerns about shadow banking activities, however, cash borrowed by ELTIFs should not be used to grant loans to qualifying portfolio undertakings. However, to increase the flexibility of ELTIFs in executing their borrowing strategy, the borrowing arrangements should not count as borrowing where that borrowing is fully covered by investors’ capital commitments.
2022/04/26
Committee: ECON
Amendment 143 #

2021/0377(COD)

Proposal for a regulation
Recital 29
(29) Article 18(4) of Regulation (EU) 2015/760 currently requires that investors in an ELTIF may request the winding down of that ELTIF where their redemption requests, made in accordance with the ELTIF’s redemption policy, have not been satisfied within one year from the date on which those requests were made. Given the long-term orientation of ELTIFs and the often idiosyncratic and illiquid asset profile of ELTIFs’ portfolios, the entitlement of any investor or a group of investors to request the winding down of an ELTIF can be disproportionate and detrimental to both the successful execution of the ELTIF investment strategy and the interests of other investors or groups of investors. It is therefore appropriate to delete the possibility for investors to require the winding down of an ELTIF where that ELTIF is unable to satisfy redemption requests. ELTIF managers should, in any case, be entitled to determine the redemption frequencies.
2022/04/26
Committee: ECON
Amendment 199 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6 a (new)
Regulation (EU) 2015/760
Article 11 – paragraph 3 (new)
(6 a) in Article 11, the following paragraph is added: "3. Paragraph 1, point (a), of this Article shall not apply to technology-based financial companies providing financial services that qualify as “financial undertakings” when the company falls into the category of micro, small and medium-sized enterprises (SMEs) as defined in Article 2(1) of the Annex to the Commission Recommendation 2003/361/EC of 6 May 2003.";
2022/04/26
Committee: ECON
Amendment 204 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point a
Regulation (EU) 2015/760
Article 13 – paragraph 1
1. An ELTIF shall invest at least 650 % of its capital in eligible investment assets.
2022/04/26
Committee: ECON
Amendment 226 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point a
Regulation (EU) 2015/760
Article 13 – paragraph 3
3. The aggregate value of units or shares of ELTIFs, EuvECAs, EuSEFs, UCITS and of EU AIFs managed by EU AIFM in an ELTIF portfolio shall not exceed 40 % of the value of the capital of the ELTIF.;net asset value (NAV).
2022/04/26
Committee: ECON
Amendment 228 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point b
Regulation (EU) 2015/760
Article 13 – paragraph 3a
3a. The aggregate value of simple, transparent and standardised securitisations in an ELTIF portfolio shall not exceed 2030 % of the value of the capital of the ELTIF.;net asset value (NAV).
2022/04/26
Committee: ECON
Amendment 234 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point c
Regulation (EU) 2015/760
Article 13 – paragraph 4
4. The aggregate risk exposure to a counterparty of the ELTIF stemming from OTC derivative transactions, repurchase agreements, or reverse repurchase agreements shall not exceed 10 % of the value of the capital of the ELTIF.;Net Asset Value (NAV).
2022/04/26
Committee: ECON
Amendment 238 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 8 – point f a (new)
Regulation (EU) 2015/760
Article 13 – paragraph 8a (new)
(f a) The following paragraph is added: '8a. The requirements included in paragraph 2 of the present article should not apply to those funds which are marketed as fund-of-fund structures.';
2022/04/26
Committee: ECON
Amendment 242 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point a – point i
Regulation (EU) 2015/760
Article 16 – paragraph 1 – point a
(a) it represents no more than 5100 % of the value of the capital of the ELTIF, and no more than 100 % of the value of the capital of the ELTIF for ELTIFs marketed solely to professional investorsnet asset value (NAV);
2022/04/26
Committee: ECON
Amendment 248 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point a – point i
Regulation (EU) 2015/760
Article 16 – paragraph 1 – point b
(b) it serves the purpose of making investments or providing liquidity, including to pay costs and expenses, except for loans as referred to in Article 10, point (c), provided that the holdings in cash or cash equivalents of the ELTIF are not sufficient to make the investment concerned;
2022/04/26
Committee: ECON
Amendment 256 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 12
Regulation (EU) 2015/760
Article 18 – paragraph 7
7. ESMA shall develop draft regulatory technical standards specifying the minimum information to be provided to competent authorities under Article 18(2), point (b), and the criteria to assess the percentage referred to in Article 18(2), point (d), taking into account the ELTIF’s expected cash flows and liabilities. The draft regulatory technical standards must ensure that ELTIF managers are entitled to define the redemption frequency, which not be shorter than a month;
2022/04/26
Committee: ECON
Amendment 276 #

2021/0377(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 21
Regulation (EU) 2015/760
Article 37 – paragraph 1
1. No later than [date of the entry into force + 5 years], the Commission shall start a reviewubmit to the European Parliament and to the Council a report ofn the application and enforcement of this Regulation. Theat reviewport shall analyse, in particular: t least analyse the following elements:
2022/04/26
Committee: ECON
Amendment 26 #

2021/0343(COD)

Proposal for a regulation
Recital 7
(7) In the context of the indirect subscription of internal MREL eligible instruments by resolution entities pursuant to the revised Union bank resolution framework, intermediate parents should be required to deduct from their own internal MREL eligible resources the full holding of own funds and eligible liabilities issued by their subsidiaries belonging to the same resolution group. This ensures the proper functioning of the internal loss-absorbing and recapitalisation mechanisms within a group and avoids the double-counting of the internal MREL eligible resources of the subsidiary for the purposes of compliance by the intermediate parent with its own internal MREL. Additionally, without those deductions, the individual solvency ratios of intermediate parents would not reflect appropriately and prudently their actual loss-absorbing capacity, as those ratios would also include the loss- absorbing capacity of their subsidiaries. This could compromise the proper implementation of the chosen resolution strategy, as the intermediate parent could use up not only its own loss absorption capacity but also that of its subsidiary, before the intermediate parent or the subsidiary are no longer viable. The dDeductions should first be applied to the eligible liabilities items of the intermediate parentsentities. Where the intermediate entity is required to comply with internal MREL pursuant to Directive 2014/59/EU, the deductions should be applied to the liabilities meeting the conditions of Article 45f(2) of that Directive. In case the amount to be deducted would exceed the amount of the eligible liabilities items of the intermediate parentities, the remaining amount should be deducted from their Tier 2 items. To ensure that the deduction regime remains proportionate, that regime should not be applicable in the exceptional cases where internal MREL is applied on a consolidated basis only. Common Equity Tier 1, Additional Tier 1 and Tier 2 items, starting with Tier 2 items in accordance with Article 66, point (e), of Regulation (EU) No 575/2013. In such a case, it is necessary that the deductions corresponding to the remaining amount are also applied when calculating own funds for the purposes of the requirements laid down in Regulation (EU) No 575/2013 and Directive 2013/36/EU. Otherwise, the solvency ratios of intermediate entities that have issued own funds instruments, rather than eligible liabilities instruments, to fund the acquisition of ownership of internal MREL eligible resources may be overstated. Additionally, by keeping the treatment of holdings of internal MREL eligible resources aligned for prudential and resolution purposes, an undue increase in complexity is avoided, as institutions would be able to continue to calculate, report and disclose one set of total risk exposure amount and total exposure measure for prudential and resolution purposes. Article 49(2) of Regulation (EU) No 575/2013 should thus be amended accordingly. To ensure that the deduction regime remains proportionate, that regime should not be applicable in the exceptional cases where, pursuant to Articles 45f(1), third subparagraph, and 45f(4) of Directive 2014/59/EU, internal MREL is applied on a consolidated basis only, in what concerns the holdings of internal MREL eligible resources issued by entities included in the perimeter of consolidation. The same exception should apply when the requirement for own funds and eligible liabilities for material subsidiaries of non-EU G-SIIs laid down in Article 92b of Regulation (EU) No 575/2013 is complied with on a consolidated basis, pursuant to Article 11(3a) of Regulation(EU) No 575/2013.
2022/01/12
Committee: ECON
Amendment 34 #

2021/0343(COD)

Proposal for a regulation
Recital 10
(10) To ensure that institutions have sufficient time to implement the dedicated treatment for the indirect subscription of instruments eligible for internal MRELternal MREL eligible resources, including the new deduction regime, the provisions laying down that treatment should become applicable six months after the entry into force of this Regulationfrom 01 January 2024.
2022/01/12
Committee: ECON
Amendment 72 #

2021/0343(COD)

Proposal for a regulation
Article 3 – paragraph 3
However, Article 1, point (3), point (5)(b), and points (7), (8) and (9) and Article 2 shall apply from 1 January 2024. Article 2, points (1) and (3), shall apply by the date referred to in the second paragraph, first subparagraph. Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with Article 2, points (1) and (3), by [OP please insert the date = 612 months after date of entry into force]. from the date of entry into force of this amending Regulation]. They shall immediately communicate the text of those measures to the Commission. When Member States adopt those measures, they shall contain a reference to this Regulation or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Member States shall communicate to the Commission the text of the main provisions of national law which they adopt in the field covered by Article 2, points (1) and (3), of this Regulation.
2022/01/12
Committee: ECON
Amendment 333 #

2021/0342(COD)

Proposal for a regulation
Recital 15
(15) To ensure that the impacts of the output floor on low-risk residential mortgage lending by institutions using IRB approaches are spread over a sufficiently long period and thus avoid disruptions to that type of lending that could be caused by sudden increases in own funds requirements, it is necessary to provide for a specific transitional arrangement. For the duration of the arrangement, when calculating the output floor, IRB institutions should be able to apply a lower risk weight to the part of their residential mortgage exposures that is considered secured by residential property under the revised SA-CR. To ensure that the transitional arrangement is available only to low-risk mortgage exposures, appropriate eligibility criteria, based on established concepts used under the SA-CR, should be set. The compliance with those criteria should be verified by competent authorities. Because residential real estate markets may differ from one Member States to another, the decision on whether to activate the transitional arrangement should be left to individual Member States. The use of the transitional arrangement should be monitored by EBA.deleted
2022/08/11
Committee: ECON
Amendment 445 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point y
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 151
(151) ‘revolving exposure’ means any exposure whereby the borrower’s outstanding balance is permitted to fluctuate based on its decisions to borrow and repay, up to an agreed limit limit established by the bank;
2022/08/11
Committee: ECON
Amendment 448 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point y
Regulation (EU) No 575/2013
Article 4 – paragraph 1 – point 152 – point a
(a) an exposure for which, on a regular basis of at least every 12 months, the balance to be repaid at the next scheduled repayment date is determined as the drawn amount or an instalment at a predefined reference date, with a scheduled repayment date not later than after 12 months, provided that the balance has been repaid in full at each scheduled repayment date for the previous 12 months;
2022/08/11
Committee: ECON
Amendment 696 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point a – introductory part
(a) where the purpose of a specialised lending exposure is to finance the acquisition of physical assets, including ships, aircraft, satellites, railcars, and fleets, and the income to be generated by those assets comes in the form of cash flows generated by the specific physical assets that have been financed and pledged or assigned to the lender by one or several third parties (‘object finance exposures’), institutions shall apply the followinga risk weights: of 100%.
2022/08/11
Committee: ECON
Amendment 702 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point a – point i
(i) 80 % where the exposure is deemed to be high quality when taking into account all of the following criteria: — obligations even under severely stressed conditions due to the presence of all of the following features: — adequate exposure-to-value of the exposure; — conservative repayment profile of the exposure; — of the assets upon full pay-out of the exposure or alternatively recourse to a protection provider with high creditworthiness; — exposure by the obligor or that risk is adequately mitigated by a commensurate residual asset value or recourse to a protection provider with high creditworthiness; — restrictions over its activity and funding structure; — for risk-mitigation purposes; — material operating risks are properly managed; — the contractual arrangements on the assets provide lenders with a high degree of protection including the following features: — enforceable first-ranking right over the assets financed, and, where applicable, over the income that they generate; — on the ability of the obligor to change anything to the asset which would have a negative impact on its value; — construction, the lenders have a legally enforceable first-ranking right over the assets and the underlying construction contracts; — of the following standards to operate in a sound and effective manner: — asset are tested; — authorisations for the operation of the assets have been obtained; — construction, the obligor has adequate safeguards on the agreed specifications, budget and completion date of the asset, including strong completion guarantees or the involvement of an experienced constructor and adequate contract provisions for liquidated damages;deleted the obligor can meet its financial commensurate remaining lifetime low refinancing risk of the the obligor has contractual the obligor uses derivatives only the lenders have a legally there are contractual restrictions where the asset is under the assets being financed meet all the technology and design of the all necessary permits and where the asset is under
2022/08/11
Committee: ECON
Amendment 707 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point a – point ii
(ii) 100 % where the exposure is not deemed to be high quality as referred to in point (i);deleted
2022/08/11
Committee: ECON
Amendment 716 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 41
Regulation (EU) No 575/2013
Article 122a – paragraph 3 – point c – introductory part
(c) where the purpose of a specialised lending exposure is to finance a projectsingle project, either in the form of construction of a new capital installation or refinancing of an existing installation, with or without improvements, in particular projects for the development or acquisition of large, complex and expensive installations, including power plants, chemical processing plants, mines, transportation infrastructure, environment, and telecommunications infrastructure, and the income to be generated by the project is the money generated by the contracts for the output of the installation obtained from one or several parties which are nofinanced project serves both as the primary source of repayment uander management control of the sponsor as security for the loan (‘project finance exposures’), institutions shall apply the following risk weights:
2022/08/11
Committee: ECON
Amendment 978 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 93 – point b – point iii
Regulation 575/2013
Article 183 – paragraph 1 – subparagraph 1a
For the purposes of point (d), an ‘unconditional guarantee’ means a guarantee where the credit protection contract does not contain any clause the fulfilment of which is outside the direct control of the lending institution and, that could prevent the guarantor from being obliged to pay out in a timely manner pursuant to the default of the obligor or in the event that the original obligor fails to make any payments due. A clause in the credit protection contract providing that a faulty due diligence or fraud by the lending institution cancels or diminishes the extent of the guarantee offered by the guarantor shall not disqualify that guarantee from being considered as unconditional. Any credit protection contract which can, in the event of fraud of the obligor, be cancelled or of which the extent of credit protection can be diminished, shall not be considered as unconditional.
2022/08/18
Committee: ECON
Amendment 979 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 93 – point b – point iii
Regulation (EU) No 575/2013
Article 183 – paragraph 1 – subparagraph 1b
Guarantees where the payment by the guarantor is subject to the lending institution first having to pursue the obligor and that only cover losses remaining after the institutions has completed the workout process shall be considered as unconditional.;deleted
2022/08/18
Committee: ECON
Amendment 1001 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 103 – point a – point i
Regulation (EU) No 575/2013
Article 208 paragraph 3 – point b – subparagraph 1 a
The value of the property shall not exceed the average value measured for that property, or for a comparable property, as defined in Article 4(1)(74a) over the last threesix years in case of commercial immovable property, and over the last six years in case of residential property. Modifications made to the property that improve the energy efficiency of the building or housing unit shall be considered as. For the purpose of calculating the average value, institutions shall take the average across property values observed at equal intervals in time and the reference period shall include at least three data points. The value of the property can exceed that average value in case of modifications made to the property that unequivocally increasinge its value, such as improvements of the energy efficiency.;
2022/08/18
Committee: ECON
Amendment 1009 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 103 – point b
Regulation (EU) No 575/2013
Article 208 – paragraph 3a – introductory part
3a. In accordance with paragraph 3 and subject to the approval of the competent authorities, institutions may carry out the valuation and revaluation of the property value by means of advanced statistical or other mathematical methods (‘models’), developed independently from the credit decision process, and subject to the fulfilment of the following conditions:
2022/08/18
Committee: ECON
Amendment 1184 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 193
‘The Commission shall monitor the implementation of the international standards on own funds requirements for market risk in third countries. Where significant differences between the Union implementation and third countries’ implementation of those international standards are observed, including as regards the impact of the rules in terms of own funds requirements and as regards their entry into application, the Commission shall be empowered to adopt a delegated act in accordance with Article 462 to amend this Regulation by: (a) deliver a level playing field, a multiplier equal to or greater than 0 and lower than 1 to the institutions’ own funds requirements for market risk, calculated for specific risk classes and specific risk factors using one of the approaches referred to in Article 325(1), and laid out in: (i) the alternative standardised approach; (ii) the alternative internal model approach; (iii) simplified standardised approach, to offset those observed differences between the third countries rules and Union law; (b) from which institutions shall apply the own funds requirements for market risk set out in Part Three, Title IV, or any of the approaches to calculate the own funds requirements for market risk referred to in Article 325(1).;deleted applying, where necessary to Articles 325c to 325ay, specifying Articles 325az to 325bp, specifying Articles 326 to 361, specifying the postponing by two years the date
2022/08/18
Committee: ECON
Amendment 1194 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 193
Regulation (EU) No 575/2013
Article 461a – paragraph 1 a (new)
By 31 December 2025, the Commission shall submit a report to the European Parliament and to the Council, on the implementation of the international standards on own funds requirements for market risk in other jurisdictions. This report may be accompanied by a legislative proposal, if appropriate, in order to ensure a global level playing field.
2022/08/18
Committee: ECON
Amendment 1224 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 3
3. By way of derogation from Article 92(5)(a), point (i), parent institutions, parent financial holding companies or parent mixed financial holding companies, stand-alone institutions in the EU or stand-alone subsidiary institutions in Member States may, until 31 December2032, assign a risk weight of 65 % to exposures to corporates for which no credit assessment by a nominated ECAI is available provided that that entity estimates the PD of those exposures, calculated in accordance with Part Three, Title II, Chapter 3, is no higher than 0,5 %. EBA shall monitor the use of the transitional treatment laid down in the first subparagraph and the availability of credit assessments by nominated ECAIs for exposures to corporates. EBA shall report its findings to the Commission by 31 December 2028. On the basis of that report and taking due account of the related internationally agreed standards developed by the BCBS, the Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal by 31 December 2031.deleted
2022/08/18
Committee: ECON
Amendment 1271 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 4
4. By way of derogation from Article 92(5)(a), point (iv), parent institutions, parent financial holding companies or parent mixed financial holding companies, stand-alone institutions in the EU or stand-alone subsidiary institutions in Member States shall, until 31 December 2029, replace alpha by 1 in the calculation of the exposure value for the contracts listed in Annex II in accordance with the approaches set out in Part Three, Title II, Chapter 6, Sections 3 and 4, where the same exposure values are calculated in accordance with the approach set out in Part Three, Title II, Chapter 3, Section 6 for the purposes of the total un-floored risk exposure amount. The Commission may, having taken into account the EBA report referred to in Article 514, adopt a delegated act in accordance with Article 462 to permanently modify the value of alpha, where appropriate.deleted
2022/08/18
Committee: ECON
Amendment 1285 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 196
Regulation (EU) No 575/2013
Article 465 – paragraph 5
5. [...]deleted
2022/08/18
Committee: ECON
Amendment 1436 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 199
Regulation (EU) No 575/2013
Article 495d – title
Article 495d Transitional arrangements for unconditional cancellable commitmentsdeleted
2022/08/18
Committee: ECON
Amendment 1440 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 199
Regulation (EU) No 575/2013
Article 495d – paragraph 1
1. By way of derogation from Article 111(2), institutions shall calculate the exposure value of an off-balance sheet item in the form of unconditionally cancellable commitment by multiplying the percentage provided for in that Article by the following factors: (a) January 2025 to 31 December 2029; (b) 25 % during the period from 1 January 2030 to 31 December 2030; (c) 50 % during the period from 1 January 2031 to 31 December 2031; (d) 75 % during the period from 1 January 2032 to 31 December 2032.deleted 0 % during the period from 1
2022/08/18
Committee: ECON
Amendment 1450 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 199
Regulation (EU) No 575/2013
Article 495d – paragraph 2
2. EBA shall prepare a report to assess whether the derogation referred to in paragraph 1, point (a), should be extended beyond 31 December 2032 and, where necessary, the conditions under which that derogation should be maintained. EBA shall submit the report on its finding to the European Parliament, to the Council, and to the Commission, by 31 December 2028. On the basis of that report and taking due account of the related internationally agreed standards developed by the BCBS, the Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal by 31 December 2031.’;deleted
2022/08/18
Committee: ECON
Amendment 1498 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 202
Regulation (EU) No 575/2013
Article 501c – paragraph 2
EBA shall submit a report on its findings to the European Parliament, to the Council and to the Commission by 28 June 2023. On the basis of that report, the Commission shall, where appropriate, submit a legislative proposal to the European Parliament and to the Council. This proposal shall be submitted within one year of publication of the EBA report.;
2022/08/18
Committee: ECON
Amendment 1509 #

2021/0342(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 203
Regulation (EU) No 575/2013
Article 505
By … [two years after the entry into force of this Regulation] and by 31 December 2030, EBA shall report to the Commission on the impact of the requirements of this Regulation on agricultural financing. The Commission shall submit a report thereon to the European Parliament and to the Council. Where appropriate, that report shall be accompanied by a legislative proposal to amend this Regulation in order to mitigate its negative effects on agricultural financing.
2022/08/18
Committee: ECON
Amendment 39 #

2021/0296(COD)

Proposal for a directive
Recital 3
(3) Activities, services or operationServices performed by insurance or reinsurance undertakings that cannot be substituted easily within a reasonable timeframe, or at a reasonable cost for policy holders, beneficiaries or injured parties, need to be seen as critical functioninsurance products that need to be continued. Such activities, services or operationservices can be critical at Union, national or regional level. The continuity of insurance or reinsurance protection is often preferable to the winding down of a failing undertaking as such continuity delivers the most favourable outcome for policy holders, beneficiaries or injured parties. It is therefore crucial that adequate tools are available to prevent failures and, where failures occur, to minimise negative repercussions by preserving the continuity of those critical functions.insurance products. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/07/18
Committee: ECON
Amendment 76 #

2021/0296(COD)

Proposal for a directive
Article 2 – paragraph 2 – point 19
(19) ‘critical functions’ means activities, services or operationinsurance products’ means services performed by an insurance or reinsurance undertaking for third parties that cannot be substituted within a reasonable time or at a reasonable cost, and where the inability of the insurance and reinsurance undertaking to perform the activities, services or operationservices would be likely to have a significant impact on the financial system and the real economy in one or more Member States, including by affecting the social welfare of a large number of policy holders, beneficiaries or injured parties or by giving rise to systemic disruption or by undermining general confidence in the provision of insurance services; (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/07/18
Committee: ECON
Amendment 168 #

2021/0296(COD)

Proposal for a directive
Article 26 – paragraph 2 – subparagraph 2
The conversion of eligible liabilities into capital instruments shall not apply to insurancemay be applied to insurance claims where the resolution authority is able to demonstrate that such measure ensures a better protection of policy holders compared to a write down of their claims.
2022/07/18
Committee: ECON
Amendment 171 #

2021/0296(COD)

Proposal for a directive
Article 26 – paragraph 5
5. The resolution authority may recover any reasonable expenses properly incurred in connection with the use of the resolution tools or exercising the resolution powers in one or more of the following ways: (a) as a deduction from any consideration paid by a recipient to the undertaking under resolution or, as the case may be, to the owners of the shares or other instruments of ownership; (b) resolution, as a preferred creditor; (c) result of the termination of the operation of the bridge undertaking, the asset and liability management vehicle or the insurance or reinsurance undertaking in solvent run-off, as a preferred creditor.deleted from the undertaking under from any proceeds generated as a
2022/07/18
Committee: ECON
Amendment 173 #

2021/0296(COD)

Proposal for a directive
Article 26 – paragraph 5 a (new)
5 a. Member States shall ensure that a financing mechanism is in place that ensures the performance of the obligations deriving from this Directive. This financing mechanism shall at least: i) cover the expenses arising from the compensation of shareholders, creditors or policyholders as a consequence of Article 55; ii) be based on the home-country principle.
2022/07/18
Committee: ECON
Amendment 98 #

2021/0241(COD)

Proposal for a regulation
Recital 15
(15) The full traceability of transfers of funds and crypto-assets can be a particularly important and valuable tool in the prevention, detection and investigation of money laundering and terrorist financing, as well as in the implementation of restrictive measures, in particular those imposed by Regulations (EC) No 2580/2001, (EC) No 881/2002 and (EU) No 356/2010, in compliance with Union regulations implementing such measures. It is therefore appropriate, in order to ensure the transmission of information throughout the payment or transfers of crypto-assets chain, to provide for a system imposing the obligation on payment service providers and crypto-asset service providers to accompany transfers of funds and crypto- assets with information on the payer and the payee , and, for transfers of crypto- assets, on the originator and the beneficiary.
2022/03/03
Committee: ECONLIBE
Amendment 106 #

2021/0241(COD)

Proposal for a regulation
Recital 20
(20) In order to reflect the special characteristics of national payment and crypto-asset transfer systems, and provided that it is always possible to trace the transfer of funds back to the payer or the transfer of crypto-assets back to the beneficiary originator, Member States should be able to exempt from the scope of this Regulation certain domestic low-value transfers of funds, including electronic giro payments, or low-value transfers of crypto- assets, used for the purchase of goods or services.
2022/03/03
Committee: ECONLIBE
Amendment 123 #

2021/0241(COD)

Proposal for a regulation
Recital 29
(29) The crypto-asset service provider of the originator should ensure that transfers of crypto-assets are accompanied by the name of the originator, the originator’s account number, where such an account exists and is used to process the transaction, and the originator’s address, nationality, official personal document number, customer identification number or date and place of birth. The crypto-asset service provider of the originator should also ensure that transfers of crypto-assets are accompanied by the name of the beneficiary and the beneficiary’s account number, where such an account exists and is used to process the transaction.
2022/03/03
Committee: ECONLIBE
Amendment 133 #

2021/0241(COD)

Proposal for a regulation
Recital 39
(39) The number of working days in the Member State of the payment service provider of the payer or crypto-asset service provider of the beneficiaryoriginator determines the number of days to respond to requests for information on the payer or the originator .
2022/03/03
Committee: ECONLIBE
Amendment 134 #

2021/0241(COD)

Proposal for a regulation
Recital 39 a (new)
(39a) The use of mixing and tumbling services should only be allowed in circumstances where it can be shown that the use of such services is necessary to overcome legitimate concerns, such as for privacy reasons. The receiver of crypto- assets that have been used in mixing and tumbling services should demonstrate, where necessary, the legitimacy of the practice for which the crypto-asset is used. Where the legitimacy of its use cannot be proven, the transaction should be prohibited.
2022/03/03
Committee: ECONLIBE
Amendment 138 #

2021/0241(COD)

Proposal for a regulation
Recital 41 a (new)
(41a) In order to ensure that competent authorities are able to efficiently investigate suspicious transactions and detect illicit use of crypto-assets and transfers of funds, the supervisory authorities should consider greater use of both regulatory and supervisory technology in their investigative processes.
2022/03/03
Committee: ECONLIBE
Amendment 139 #

2021/0241(COD)

Proposal for a regulation
Recital 42 a (new)
(42a) In order to rapidly address concerns about illicit transfers of funds and particularly crypto-assets, it is important that this Regulation enters into force as soon as possible. For that reason, any references to future regulations should not hinder the Union from taking action against the illicit transfer of funds and crypto-assets in the immediate term. This Regulation should be adapted to align with future legislation on Anti- Money Laundering and the Regulation on Markets in Crypto-Assets;
2022/03/03
Committee: ECONLIBE
Amendment 142 #

2021/0241(COD)

Proposal for a regulation
Article 2 – paragraph 1
1. This Regulation shall apply to transfers of funds, in any currency, or crypto-assets covered under the scope of Regulation [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937-COM/2020/593 final], as well as those crypto-assets which would fall under existing financial legislation as outlined in Article 2 paragraph 2 of [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937- COM/2020/593 final], which are sent or received by a payment service provider , a crypto-asset service provider, or an intermediary payment service provider established in the Union.
2022/03/03
Committee: ECONLIBE
Amendment 153 #

2021/0241(COD)

Proposal for a regulation
Article 2 – paragraph 4 – subparagraph 4
This Regulation shall not apply to person- to-person transfer of crypto-assets where it is determined that these transactions are carried out by natural persons who are identifiable.
2022/03/03
Committee: ECONLIBE
Amendment 177 #

2021/0241(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 13
(13) ‘person-to-person transfer of funds’ means a transaction between identifiable natural persons acting, as consumers, for purposes other than trade, business or profession;
2022/03/03
Committee: ECONLIBE
Amendment 178 #

2021/0241(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 14
(14) ‘person-to-person transfer of crypto-assets’ means a transaction between identifiable natural persons acting, as consumers, for purposes other than trade, business or profession, without the use or involvement of a crypto-asset service provider or other obliged entity;
2022/03/03
Committee: ECONLIBE
Amendment 179 #

2021/0241(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 15
(15) ‘crypto-asset’ means a crypto-asset as defined in Article 3(1), point 2 of Regulation [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937-COM/2020/593 final] except when falling under the categories listed in Article 2(2) of that Regulation or otherwise qualifying as fundsdigital representation of a value or a right for direct investment or finance purposes that uses cryptography for security and is in the form of a coin or a token or any other digital medium of distributed ledgers, and which may be transferred and stored electronically, using distributed ledger technology or similar technology.
2022/03/03
Committee: ECONLIBE
Amendment 180 #

2021/0241(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 16
(16) ‘crypto-asset service provider means a crypto-asset service provider as defined in Article 3(1), point (8) of [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937- COM/2020/593 final] where performing one or more crypto-asset services as defined in Article 3(1) point (9) of [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937- COM/2020/593 final]ny person whose occupation or business is the provision of one or more crypto-asset services to third parties on a professional basis;
2022/03/03
Committee: ECONLIBE
Amendment 222 #

2021/0241(COD)

Proposal for a regulation
Article 14 – paragraph 1 – point c
(c) the originator’s address, nationality, official personal document number, customer identification number or date and place of birth.
2022/03/03
Committee: ECONLIBE
Amendment 302 #

2021/0241(COD)

Proposal for a regulation
Article 18 a (new)
Article 18 a Use of mixing and tumbling services 1. Crypto-asset service providers offering mixing or tumbling services, privacy wallets, or other anonymising services for transfers of crypto-assets or other obliged entities shall request users of those services, to provide a justification of legitimate use, where appropriate, for the purposes of mitigating money laundering and terrorist financing.
2022/03/03
Committee: ECONLIBE
Amendment 326 #

2021/0241(COD)

Proposal for a regulation
Article 27 – paragraph 2 a (new)
2a. The Commission shall update and align this Regulation where necessary following the entry into force of Regulation [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937-COM/2020/593 final] and Regulation [please insert reference – proposal for a regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and repealing Directive (EU) 2015/849].
2022/03/03
Committee: ECONLIBE
Amendment 335 #

2021/0241(COD)

Proposal for a regulation
Article 31 a (new)
Article 31 a Alignment with Regulation [please insert reference – proposal for a Regulation on Markets in Crypto-assets] Following the publication of Regulation [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937- COM/2020/593 final] in the Official Journal of the European Union, power is delegated to the Commission to supplement this Regulation by adopting within 3 months a delegated act aligning the definitions contained in article 3, paragraph 1, points 13, 14, 15 and 16 of this Regulation to those in the Regulation [please insert reference – proposal for a Regulation on Markets in Crypto-assets, and amending Directive (EU) 2019/1937- COM/2020/593 final], in case there are any discrepancies.
2022/03/03
Committee: ECONLIBE
Amendment 338 #

2021/0241(COD)

Proposal for a regulation
Article 31 b (new)
Article 31 b Transitory arrangements 1. Member States shall ensure that payment service providers, crypto-asset service providers, and intermediary payment service providers are subject to adequate supervision in accordance with Article 47 of Directive 2015/849. 2. The ESAs shall be responsible for providing guidance and to assist the relevant supervisors until the date on which the Anti-Money Laundering Authority becomes operational, in accordance with [please insert reference to the date of application of proposal for a AML Authority Regulation]. 3. For the purposes of paragraph 2, and in order to facilitate and promote effective cooperation, and in particular the exchange of information, the ESAs shall issue guidelines, addressed to competent authorities, on the characteristics of a risk-based approach to supervision and the steps to be taken when conducting supervision on a risk-based basis. Within 3 months of the entry into force of this Regulation, the ESAs shall issue such guidelines, taking into account relevant information on the risks associated with customers, products and services offered by these entities, as well as geographical risk factors.
2022/03/03
Committee: ECONLIBE
Amendment 180 #

2021/0239(COD)

Proposal for a regulation
Recital 33 a (new)
(33a) The use of electronic money products is increasingly considered to be a substitute for bank accounts which, in addition to the measures laid down in Directive 2009/110/EC of the European Parliament and of the Council1a, justifies subjecting those products to anti-money laundering and countering the financing of terrorism (AML/CFT) obligations. However, in certain proven low-risk circumstances and under strict risk- mitigating conditions, Member States should be allowed to exempt electronic money products from certain customer due diligence measures, such as the identification and verification of the customer and of the beneficial owner, but not from the monitoring of transactions or of business relationships. The risk- mitigating conditions should include a requirement that exempt electronic money products be used exclusively for purchasing goods or services and that the amount stored electronically be low enough to preclude circumvention of the AML/CFT rules. Such an exemption should be without prejudice to the discretion given to Member States to allow obliged entities to apply simplified customer due diligence measures to other electronic money products posing lower risks. _________________ 1a Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (OJ L 267, 10.10.2009, p. 7).
2022/07/04
Committee: ECONLIBE
Amendment 247 #

2021/0239(COD)

Proposal for a regulation
Recital 94
(94) The use of large cash payments is highly vulnerable to money laundering and terrorist financing; this has not been sufficiently mitigated by the requirement for traders in goods to be subject to anti- money laundering rules when making or receiving cash payments of EUR 10 000 or more. At the same time, differences in approaches among Member States have undermined the level playing field within the internal market to the detriment of businesses located in Member States with stricter controls. It is therefore necessary to introduce a Union-wide limit to large cash payments of EUR 10 5000. Member States should be able to adopt lower thresholds and further stricter provisions.
2022/07/04
Committee: ECONLIBE
Amendment 477 #

2021/0239(COD)

Proposal for a regulation
Article 15 a (new)
Article 15a Exemption from the application of customer due diligence 1. By way of derogation from Article 16(1), first subparagraph, points (a), (b) and (c), and Article 19, and based on an appropriate risk assessment which demonstrates a low risk, obliged entities may decide not to apply certain customer due diligence measures with respect to electronic money where all of the following risk-mitigating conditions are met: (a) the payment instrument used to store the electronic money is not reloadable or has a maximum monthly payment transaction limit of EUR 150 which can be used only in that Member State; (b) the maximum amount stored electronically on the payment instrument does not exceed EUR 150; (c) the payment instrument is used exclusively to purchase goods or services; (d) the payment instrument cannot be funded with anonymous electronic money; (e) the issuer carries out sufficient monitoring of the transactions or business relationship to enable the detection of unusual or suspicious transactions. 2. The derogation provided for in paragraph 1 of this Article shall not apply in the case of redemption in cash or cash withdrawal of the monetary value of the electronic money where the amount redeemed exceeds EUR 50 or, in the case of remote payment transactions as defined in Article 4, point (6), of Directive (EU) 2015/2366 of the European Parliament and of the Council1a, where the amount paid exceeds EUR 50 per transaction. 3. Credit institutions and financial institutions acting as acquirers shall only accept payments carried out with anonymous prepaid cards issued in third countries where such cards meet requirements equivalent to those set out in paragraphs 1 and 2. 4. Member States may decide not to accept on their territory payments carried out by using anonymous prepaid cards. _________________ 1a 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).
2022/07/05
Committee: ECONLIBE
Amendment 885 #

2021/0239(COD)

Proposal for a regulation
Article 55 – paragraph 1
1. To the extent that it is strictly necessary for the purposes of preventing money laundering and terrorist financing, obliged entities may processand AML compliance entities may process personal data, including special categories of personal data referred to in Article 9(1) of Regulation (EU) 2016/679 and personal data relating to criminal convictions and offences referred to in Article 10 of that Regulation subject to the safeguards provided for in paragraphs 2 and 3. On the basis of this Regulation, only to the extent that it is necessary and proportionate for the purposes of the prevention of money laundering and terrorist financing, obliged entities may share this data with other obliged entities.
2022/07/05
Committee: ECONLIBE
Amendment 900 #

2021/0239(COD)

Proposal for a regulation
Article 55 a (new)
Article 55a Information exchange (1) Obliged persons, competent authorities [within the meaning of Art. 2(31) of the Draft Regulation] and other public authorities of the EU and EU Member States, insofar as they act for the purpose of combating money laundering or terrorist financing, may provide each other, directly or through public-private partnerships (PPPs), insofar as they pursue the purpose of combating money laundering or terrorist financing, with information containing anomalies or unusual features indicating money laundering, one of its predicate offences or terrorist financing. The exchange of information may only take place for the purpose of combating money laundering, one of its predicate offenses or the financing of terrorism. (2) Within the framework of the exchange of information pursuant to paragraph 1, the persons referred to in paragraph 1 may also process personal data within the meaning of Art. 4 No. 1 of the General Data Protection Regulation [as defined in Art. 4 No. 2 of the General Data Protection Regulation]. Art. 14 (1) to (4) of the General Data Protection Regulation shall not apply; Art. 15, 16 and 18 of the General Data Protection Regulation shall apply subject to the consent of the competent authorities [as defined in Art. 2 (31) of the Draft Regulation]. The personal data shall be deleted after the expiration of 5 years after receipt of the data, unless there is a legal obligation or justification for the continued retention of the data. (3) Information pursuant to paragraph 1, which is related to specific facts, may only be disclosed by obligated parties, irrespective of the submission of a notification pursuant to Art. 50 et seq. Draft Regulation may only be disclosed by obligated parties to other obligated parties if the information is not disclosed to 1. the contracting party of the obligated party submitting the report, 2. the principal of a transaction related to the facts of the case, 3. the beneficial owner of the persons referred to in points 1 and 2, 4. a person who has been appointed as a representative or messenger by one of the persons mentioned in numbers 1 to 3, 5. the legal counsel mandated by any of the persons referred to in numbers 1 to 4, and 6. other third parties not mentioned in paragraph 1. (4) Information referred to in paragraph 1, for which an obliged person has made a report pursuant to Art. 50 et seq. of the Draft Regulation or on the basis of which such a report is about to be made, may be shared pursuant to paragraph 1 only if the competent authorities [within the meaning of Art. 2 par. 31 of the Draft Regulation] have previously given their consent to an exchange of information to all or selected persons referred to in paragraph 1. An information exchange pursuant to Art. 54 (2)-(6) of the Draft Regulation remains unaffected by this.
2022/07/05
Committee: ECONLIBE
Amendment 903 #

2021/0239(COD)

Proposal for a regulation
Article 55 b (new)
Article 55b Exchange of data under Public Private Partnerships 1. For the purpose of combating money laundering and terrorist financing and related predicate offences, including for the fulfilment of their obligations under Chapter V of this Regulation [(reporting obligations)], obliged entities may, together with competent authorities as defined in Article 2(31) of this Regulation, including Europol, participate in cooperation arrangements established in one or across several Member States. 2. Without prejudice of Regulation 2016/679, for no other purposes than those specifically mentioned in the arrangements pursuant to this Article and to the extent it is necessary to exchange information referred to in Article 54, by way of derogation of Article 54(1) of this Regulation, obliged entities participating in such arrangements may exchange the necessary information with other participating obliged entities and the competent authorities. Within the cooperation arrangements referred to in paragraph 1 and where such arrangements involve, inter alia, cooperation and information exchange between obliged entities and the aforementioned authorities, obliged entities shall process personal data in accordance with [new article on processing of personal data for AML purposes].
2022/07/05
Committee: ECONLIBE
Amendment 926 #

2021/0239(COD)

Proposal for a regulation
Article 59 – paragraph 1
1. Persons trading in goods or providing services may accept or make a payment in cash only up to an amount of EUR 10 5000 or equivalent amount in national or foreign currency, whether the transaction is carried out in a single operation or in several operations which appear to be linked.
2022/07/05
Committee: ECONLIBE
Amendment 140 #

2021/0223(COD)

Proposal for a regulation
Recital 3
(3) Regulation (EU) 2019/631 of the European Parliament and of the Council46 and Regulation (EU) 2019/1242 of the European Parliament and of the Council47 already set CO2 emission performance standards for new passenger cars and for new light commercial vehicles as well as for certain heavy-duty vehicles. The revision of those instruments should be aligned with the revision of the current Regulation in order to ensure a coherent framework for the use and deployment of alternative fuels in road transport and in order to accelerate the uptake in particular of zero-emission vehicles and thereby create demand for recharging and refuelling infrastructure. _________________ 46 Regulation (EU) 2019/631 of the European Parliament and of the Council of 17 April 2019 setting CO2 emission performance standards for new passenger cars and for new light commercial vehicles, and repealing Regulations (EC) No 443/2009 and (EU) No 510/2011 (OJ L 111, 25.4.2019, p. 13). 47 Regulation (EU) 2019/1242 of the European Parliament and of the Council of 20 June 2019 setting CO2 emission performance standards for new heavy-duty vehicles and amending Regulations (EC) No 595/2009 and (EU) 2018/956 of the European Parliament and of the Council and Council Directive 96/53/EC (OJ L 198, 25.7.2019, p. 202).
2022/03/21
Committee: TRAN
Amendment 143 #

2021/0223(COD)

Proposal for a regulation
Recital 4
(4) The initiatives on ReFuelEU aviation48 and FuelEU maritime49 should boost the production and uptake of sustainable alternative fuels in aviation and maritime transport. While the fuel use requirements for the sustainable aviation fuels can largely rely on the existing refuelling infrastructure, investments are needed for the electricity supply of stationary aircraft. Moreover, Member State should assess the current state and future development of the hydrogen market for aviation and should provide for a feasibility study on the deployment of the relevant infrastructure to power aircrafts including, where appropriate, a deployment plan for alternative fuels infrastructure in airports, in particular for hydrogen and electric recharging for aircrafts. The FuelEU maritime initiative sets requirements in particular for the use of on shore power that can only be fulfilled if an adequate level of on shore power supply is deployed in TEN-T ports. However those initiatives do not contain any provisions on the required fuel infrastructure which are a prerequisite that the targets can be met. Furthermore, the Energy Taxation Directive1a recast should incentivise the use of on shore power. Therefore, alignment between this Directive and the current Regulation is necessary in order to ensure a coherent framework for the use and deployment of alternative fuels. _________________ 1a COM(2021) 563 48 COM(2021) 561. 49 COM(2021) 562.
2022/03/21
Committee: TRAN
Amendment 151 #

2021/0223(COD)

Proposal for a regulation
Recital 5
(5) Therefore all modes of transport should be addressed in one instrument which should take into account a variety of alternative fuels. The use of zero-emission powertrain technologies is at different stages of maturity in the different modes of transport. In particular, in the road sector, a rapid uptake of battery-electric and plug-in hybrid vehicles is taking place, therefore more ambitious targets for these mature technologies are required. Hydrogen fuel- cell road vehicles are available to markets, as well. In addition, smaller hydrogen and battery electric vessels, solar-electric cars, and hydrogen fuel-cell trains are currently being deployed in different projects and in first commercial operations, with full commercial roll out expected in the next years. In contrast, the aviation and waterborne sectors continue to be dependent on liquid and gaseous fuels, as zero- and low-emission powertrain solutions are expected to enter the market only around 2030 and in particular for the aviation sector even later, with full commercialisation taking its time. Therefore, the principle of technological neutrality should be respected in these sectors in order to boost the uptake of new and developing technologies. The use of fossil gaseous or liquid fuels is only possible if it is clearly embedded into a clear decarbonisation pathway that is in line with the long-term objective of climate neutrality in the Union, requiring increasing blending with or replacement by renewable fuels such as bio-methane, advanced biofuels or renewable and low- carbon synthetic gaseous and liquid fuels as soon as possible, ensuring further decarbonisation of heavy duty transport in the short term.
2022/03/21
Committee: TRAN
Amendment 165 #

2021/0223(COD)

Proposal for a regulation
Recital 7
(7) LNG is likely to play a continued role in maritime transport, where there is currently no economically viable zero- emission powertrain technology available. The Communication on the Smart and Sustainable Mobility Strategy points to zero-emission seagoing ships becoming market ready by 2030. Fleet conversion should take place gradually due to the long lifetime of the ships. Therefore, all readily deployable options in reducing maritime emissions, including alternatives to heavy fuel oil such as (bio- and synthetic) LNG, should be used in parallel to finding and financing long-term zero-emission alternatives. Contrary to maritime transport, for inland waterways, with normally smaller vessels and shorter distances, zero-emission powertrain technologies, such as hydrogen and electricity, should enter the markets more quickly. LNG is expected to no longer play a significant role in that sector and could play an important role for maritime transport in terms of creating scale regarding zero-emission propulsion solutions. Transport fuels such as LNG neeshould increasingly to be decarbonised by blending/substituting with liquefied biomethane (bio-LNG) or renewable and low-carbon synthetic gaseous e-fuels (e- gas) for instance. Those decarbonised fuels can be used in the same infrastructure as gaseous fossil fuels thereby allowing for a gradual shift towards decarbonised fuels.
2022/03/21
Committee: TRAN
Amendment 174 #

2021/0223(COD)

Proposal for a regulation
Recital 8
(8) In the heavy-duty road transport sector, LNG trucks are fully mature. On the one hand, the common scenarios underpinning the Sustainable and Smart Mobility Strategy and the Climate Target Plan as well as the revised “Fit for 55” modelling scenarios suggest some limited role of gaseous fuels that will increasingly be decarbonised in heavy-duty road transport especially in the long haul segment. Furthermore, LPG and CNG vehicles for which already a sufficient growing infrastructure network exists across the Union are expected to gradually be replaced by zero emission drivetrains and therefore only a limited targeted policy for LNG infrastructure deployment that can equally supply decarbonised fuels is considered necessary to close remaining gaps in the main networks. Furthermore, currently bio-LNG and bio-CNG provide cost- competitive solutions, which contributes to decarbonising the existing fleet and decreases CO2 emissions from heavy-duty road transport vehicles in the short term. Therefore, the accompanying infrastructure should be further deployed.
2022/03/21
Committee: TRAN
Amendment 182 #

2021/0223(COD)

Proposal for a regulation
Recital 9
(9) The deployment of publicly accessible recharging infrastructure for light-duty electric vehicles has been uneven across the Union and across regions. Continued uneven distribution would jeopardize the uptake of such vehicles, limiting connectivity across the Union. Continuing divergence in policy ambitions and approaches at national level will not create the long-term certainty needed for substantive market investment. Mandatory minimum targets for Member States at national level should therefore provide policy orientations and complement National Policy Frameworks. That approach should combine national fleet based targets with distance-based targets for the trans-European network for transport (TEN-T). National fleet based targets should ensure that vehicle uptake in each Member State is matched with the deployment of sufficient publicly accessible recharging infrastructure, while allowing for the market to self regulate once a certain share of electric vehicles and plug-in hybrid light-duty vehicles has been reached. Distance-based targets for the TEN-T network should ensure full coverage of electric recharging points along the Union’s main road networks and thereby ensure easy and seamless travel throughout the Union.
2022/03/21
Committee: TRAN
Amendment 190 #

2021/0223(COD)

Proposal for a regulation
Recital 10
(10) National fleet based targets should be established on the basis of the total number of registered electric vehicles in that Member State following a common methodology that accounts for technological developments such as the increased driving range of electric vehicles or the increasing market penetration of fast-charging points which can recharge a greater number of vehicles per recharging point than at a normal recharging point. The methodology also has to take into account the different recharging patterns of battery electric and, plug-in hybrid vehicles and solar-electric cars. A methodology that norms national fleet based targets on the total maximum power output of the publicly accessible recharging infrastructure should allow flexibility for the implementation of different recharging technologies in Member States.
2022/03/21
Committee: TRAN
Amendment 191 #

2021/0223(COD)

Proposal for a regulation
Recital 10 a (new)
(10a) The rail sector today is partly dependent on fossil fuels despite an already favourable carbon balance, owing to the non-electrification of part of the network and the diesel trains running there. 54% of the European network, some 107 000 kilometres, was electrified in 2019. In addition, 6 000 diesel trains are currently in operation. Where electrification of a segment is not possible for reasons of cost-efficiency of the service, battery and hydrogen trains offer promising alternatives. The development of these technologies requires the deployment of suitable recharging infrastructure.
2022/03/21
Committee: TRAN
Amendment 192 #

2021/0223(COD)

Proposal for a regulation
Recital 11
(11) Implementation in Member States should ensure that a sufficient number of publicly accessible recharging points is installed, in particular at public transport stations, such as port passenger terminals, airports or railway stations. A sufficient number of publicly accessible fast recharging points dedicated to light-duty vehicles should also be deployed to increase consumer convenience in particular across the TEN-T network to ensure full cross-border connectivity and allow electric vehicles to circulate throughout the Union. The deployment of publicly accessible recharging infrastructure should primarily be the result of private market investment; however, in compliance with State aid rules, Member States should support the deployment of the necessary infrastructure in cases where market conditions require public support until a fully competitive market is established.
2022/03/21
Committee: TRAN
Amendment 226 #

2021/0223(COD)

Proposal for a regulation
Recital 21 a (new)
(21 a) Bidirectional charging at both private and publicly accessible infrastructure could encourage people to purchase electric vehicles, as they can then be used for mobility as well as energy storage. Therefore, legislative hurdles such as double taxation should be prevented in order to further develop the business case of bidirectional charging and a sufficient number of private and publicly accessible charging stations should be made available for smart, bidirectional charging.
2022/03/21
Committee: TRAN
Amendment 232 #

2021/0223(COD)

Proposal for a regulation
Recital 22 a (new)
(22a) Recharging and refuelling infrastructure captures multiple data and is likely to be exposed to cybersecurity threats, with potential consequences for users, infrastructure or even the whole network to which they are connected. In a context of increasing electrification of transport infrastructure, it is up to operators or owners of recharging and refuelling points to ensure their safety as effectively as possible.
2022/03/21
Committee: TRAN
Amendment 239 #

2021/0223(COD)

Proposal for a regulation
Recital 24
(24) Price transparency is crucial to ensure seamless and easy recharging and refuelling. Users of alternative fuel vehicles should be given accurate price information before the start of the recharging or refuelling service. The price should be communicated in a clearly structured manner to allow end users to identify the differentapplicable cost components and anticipate the total cost.
2022/03/21
Committee: TRAN
Amendment 243 #

2021/0223(COD)

Proposal for a regulation
Recital 25 a (new)
(25 a) In order to ensure the security and stability of the network of recharging points across the Union, operators of digitally connected recharging points should comply with minimum cybersecurity rules as laid down in the Directive on measures for a high common level of cybersecurity across the Union (NIS2 Directive)1a. _________________ 1a COM/2020/823 final
2022/03/21
Committee: TRAN
Amendment 271 #

2021/0223(COD)

Proposal for a regulation
Recital 30
(30) Users of alternative fuel vehicles should be able to pay easily and conveniently at all publicly accessible recharging and refuelling points, without the need to enter into a contract with the operator of the recharging or refuelling point or a mobility service provider. Therefore, for recharging or refuelling on an ad hoc basis, all publicly accessible recharging and refuelling points should accept payment instruments that are widely used in the Union, and in particular electronic payments through terminals and devices used for payment services, at least via payment cards. That ad hoc payment method should always be available to consumers, even when contract-based payments are offered at the recharging or refuelling point.
2022/03/21
Committee: TRAN
Amendment 280 #

2021/0223(COD)

Proposal for a regulation
Recital 32
(32) Shore-side electricity facilities can serve maritime and inland waterway transport as clean power supply and contribute to reducing the environmental impact of seagoing ships and inland waterway vessels. Under the FuelEU maritime initiative, ship operators of container and passenger ships need to comply with provisions to reduce emissions at berth. Mandatory deployment targets should ensure that the sector finds sufficient shore-side electricity supply in TEN-T core and comprehensive maritime ports to comply with those requirements. The application of these targets to all TEN- T maritime ports should ensure the level playing field between ports. Given the high costs and complexity related to the roll-out of shore-side electricity in maritime ports, it is essential to prioritise investments particularly where it makes the most sense in terms of geographic location and emissions reduction.
2022/03/21
Committee: TRAN
Amendment 305 #

2021/0223(COD)

Proposal for a regulation
Recital 33
(33) Container ships and passenger ships, being the ship categories which are producing the highest amount of emissions per ship at berth, should as a priority be provided with shore-side electricity supply. In order to take into account power demand characteristics while at berth of different passenger ships, as well as port operational characteristics, it is necessary to distinguish between the passenger ship requirements for ro-ro passenger ships and high speed passenger vessels, and those for other passenger ships. In this roll out process, all relevant public and private actors need to be involved, including but not limited to port authorities, terminal operators, grid operators, OPS operators, shipowners, other relevant maritime market players, and local or regional and national authorities.
2022/03/21
Committee: TRAN
Amendment 313 #

2021/0223(COD)

Proposal for a regulation
Recital 34
(34) These targets should take into account the types of vessels served and their respective traffic volumes. Maritime ports with low traffic volumes of certain ship categories, should be exempted from the mandatory requirements for the corresponding ship categories based on a minimum level of traffic volume, so as to avoid underused capacity being installed. Similarly, the mandatory targets should not aim to target maximum demand, but a sufficiently high volume, in order to avoid underused capacity and to take account of port operational characteristics. Maritime transport is an important link for the cohesion and economic development of islands in the Union. E as well as the outermost regions. Their energy production capacity in these islands may not always be sufficient to account for the power demand required to support the provision of shore- side electricity supply. In such a case islandthese territories should be exempted from this requirement unless and until such an electrical connection with the mainland has been completed or there is a sufficient locally generated capacity from clean energy sources.
2022/03/21
Committee: TRAN
Amendment 328 #

2021/0223(COD)

Proposal for a regulation
Recital 35
(35) A core network of refuelling points for LNG at maritime ports should be available by 2025. Refuelling points for LNG include LNG terminals, tanks, mobile containers, bunker vessels and barges. An extra effort should be made to increase the share of bio-LNG stations and bunkering facilities across Europe.
2022/03/21
Committee: TRAN
Amendment 329 #

2021/0223(COD)

Proposal for a regulation
Recital 35
(35) A core and comprehensive network of refuelling points for LNG at maritime ports should be available by 2025. Refuelling points for LNG include LNG terminals, tanks, mobile containers, bunker vessels and barges.
2022/03/21
Committee: TRAN
Amendment 339 #

2021/0223(COD)

Proposal for a regulation
Recital 36
(36) Electricity supply to stationary aircraft at airports should replace the consumption of liquid fuel with a cleaner power source by aircraft (use of Auxiliary Power Unit) or ground power units (GPUs). Aditionally, in order for commercial passenger aircraft to completely turn off their engines while parked, pre-conditioned air (PCA) systems should be taken into account. This should reduce pollutant and noise emissions, improve air quality and reduce the impact on climate change. Therefore, all commercial transport operation should be able to make use of external electricity supply and pre-conditioned air systems while parked at gates or at outfield positions at TEN-T airports.
2022/03/21
Committee: TRAN
Amendment 362 #

2021/0223(COD)

Proposal for a regulation
Recital 41 a (new)
(41a) While the introduction of mandatory targets for Member States is motivated by the need to encourage the creation of an interoperable network of recharging and refuelling infrastructure ensuring a fair geographical distribution and covering the entire territory of the EU, the development of a recharging and refuelling infrastructure market should mainly result from private investment. National regulatory and financial incentives are intended to have a knock- on effect and stimulate the supply of infrastructure in cases where market conditions require public support, especially in sparsely populated areas or areas with low traffic density and in the islands and outermost regions. However, investment decisions by private actors remain motivated by the existence of tangible prospects of profitability, supported by sufficient demand to fuel a competitive market, as well as by clear decarbonisation pathways.
2022/03/21
Committee: TRAN
Amendment 385 #

2021/0223(COD)

Proposal for a regulation
Recital 53
(53) Alternative fuels infrastructure is a fast developing area. The lack of common technical specification constitutes a barrier for the creation of a single market of alternative fuels infrastructure. Therefore, the power to adopt acts in accordance with Article 290 TFEU should be delegated to the Commission to norm technical specifications for areas where common technical specifications are outstanding but necessary. In particular, this should include the communication between the electric vehicle and the recharging point, the communication between the recharging point and the recharging software management system (back-end); the communication related to the electric vehicle roaming service and the communication with the electricity grid, while ensuring the needed consumer data protection. It is also necessary to define the suitable governance framework and roles of the different actors involved in the vehicle-to- grid communication ecosystem. Moreover, emerging technological developments, such as electric road systems (‘ERS’) have to be accounted for. As concerns data provision, it is necessary to provide for additional data types and technical specifications related to the format, the frequency and the quality in which these data should be made available and accessible.
2022/03/21
Committee: TRAN
Amendment 388 #

2021/0223(COD)

Proposal for a regulation
Recital 54
(54) The market for alternative fuels and in particular for zero emission fuels is still in the early stages of development and technology is evolving fast. This should likely affect the demand for alternative fuels and consequently for alternative fuels infrastructure across the modes. The Commission should therefore, based on an analysis of the latest technological developments and market readiness and taking into consideration the national policy frameworks, review this Regulation by the end of 2026 in particular as regards the targets setting for electric recharging points for HDV as well as targets for infrastructure for alternative fuels for zero- emission vessels and aircraft in waterborne transport and aviation, in order to ensure legal certainty and predictability for the industry.
2022/03/21
Committee: TRAN
Amendment 393 #

2021/0223(COD)

Proposal for a regulation
Article premier – paragraph 1
1. This Regulation sets out mandatory national targets for the deployment of sufficient alternative fuels infrastructure in the Union, for road vehicles, vessels, trains and stationary aircraft. It lays down common technical specifications and requirements on user information, data provision and payment requirements for alternative fuels infrastructure.
2022/03/21
Committee: TRAN
Amendment 400 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point a – introductory part
(a) ‘alternative fuels for zero-emission vehicles, vessels and aircraft’:
2022/03/21
Committee: TRAN
Amendment 406 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point a – indent 1 a (new)
- in-vehicle (solar-)generated electricity
2022/03/21
Committee: TRAN
Amendment 418 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point b – indent 1
– biomass fuels and biofuel, (advanced) biofuels, and biogas as defined in Article 2, points (27), (28), (33) and (334) of Directive (EU) 2018/2001,
2022/03/21
Committee: TRAN
Amendment 430 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point c – introductory part
(c) ‘alternative fossil fuels’ for a transitional phaseuels’:
2022/03/21
Committee: TRAN
Amendment 448 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 35 a (new)
(35 a) 'payment card' means a payment service that works on the basis of a physical or digital debit or credit card and comprises payment cards embedded in a smartphone application;
2022/03/21
Committee: TRAN
Amendment 449 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 35 b (new)
(35 b) 'payment service' means a payment service as defined in Article 4(3) of Directive (EU) 2015/2366;
2022/03/21
Committee: TRAN
Amendment 450 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 37 a (new)
(37 a) ‘preconditioned air system’ means a fixed or mobile system at airports providing the external supply of conditioned air to cool, ventilate or heat the cabins of stationary aircraft;
2022/03/21
Committee: TRAN
Amendment 464 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 43 a (new)
(43 a) ‘recharging point or pool dedicated to light and heavy-duty vehicles’ means an individual charging point or a charging pool designed and intended for recharging both light and heavy-duty vehicles, either due to the specific design of the plugs or to the design of the parking space adjacent to the individual charging point or charging pool;
2022/03/21
Committee: TRAN
Amendment 480 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 58
(58) ‘shore-side electricity supply’ means the provision of shore-side electrical power through a standardised interface to seagoing ships or inland waterway vessels at berth through fixed, floating or mobile installations;
2022/03/21
Committee: TRAN
Amendment 484 #

2021/0223(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 59 a (new)
(59 a) ‘solar-electric vehicle’ means a motor vehicle equipped with a powertrain containing at least one non-peripheral electric machine as energy converter with an electric rechargeable energy storage system, which can be recharged externally and is equipped with vehicle-integrated photovoltaic (VIPV) panels;
2022/03/21
Committee: TRAN
Amendment 509 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point a
(a) for each battery electric light-duty vehicle registered in their territory, a total power output of at least 1 kW is provided through publicly accessible recharging stations; andeleted
2022/03/21
Committee: TRAN
Amendment 519 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point b
(b) for each plug-in hybrid light-duty vehicle registered in their territory, a total power output of at least 0.66 kW is provided through publicly accessible recharging stations.deleted
2022/03/21
Committee: TRAN
Amendment 521 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 a (new)
(a) In Member States where the share of battery electric light-duty vehicles is: (i) less than 1% of the total light-duty vehicle fleet a total power output of at least 3 kW shall be provided through publicly accessible recharging stations; (ii) between 1% and 2.5% of the total light-duty vehicle fleet a total power output of at least 2.5 kW shall be provided through publicly accessible recharging stations; (iii) between 2.5% and 5% of the total light-duty vehicle fleet a total power output of at least 2 kW shall be provided through publicly accessible recharging stations; (iv) between 5% and 7.5% of the total light-duty vehicle fleet a total power output of at least 1.5 kW shall be provided through publicly accessible recharging stations. (b) In Member States where the share of plug-in hybrid light-duty vehicles is: (i) less than 1% of the total light-duty vehicle fleet a total power output of at least 2 kW shall be provided through publicly accessible recharging stations; (ii) between 1% and 2.5% of the total light-duty vehicle fleet a total power output of at least 1.65 kW shall be provided through publicly accessible recharging stations; (iii) between 2.5% and 5% of the total light-duty vehicle fleet a total power output of at least 1.33 kW shall be provided through publicly accessible recharging stations; (iv) between 5% and 7.5% of the total light-duty vehicle fleet a total power output of at least 1 kW shall be provided through publicly accessible recharging stations.
2022/03/21
Committee: TRAN
Amendment 532 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point a – introductory part
(a) along the TEN-T core and comprehensive network, publicly accessible recharging pools dedicated to light-duty vehicles and meeting the following requirements are deployed in each direction of travel with a maximum distance of 60 km in-between them:
2022/03/21
Committee: TRAN
Amendment 541 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point b
(b) along the TEN-T comprehensive network, publicly accessible recharging pools dedicated to light-duty vehicles and meeting the following requirements are deployed in each direction of travel with a maximum distance of 60 km in-between them: (i) by 31 December 2030, each recharging pool shall offer a power output of at least 300 kW and include at least one recharging station with an individual power output of at least 150 kW; (ii) by 31 December 2035, each recharging pool shall offer a power output of at least 600 kW and include at least two recharging stations with an individual power output of at least 150 kW.deleted
2022/03/21
Committee: TRAN
Amendment 565 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 3 a (new)
3 a. Whenever, due to the insular or sparsely populated1a nature of an area in a Member State, it is necessary and proportionate to install a charging pool that is serving both light and heavy-duty vehicles, the charging pool and related charging points shall be regarded as publicly accessible recharging infrastructure for both light duty and heavy duty road vehicles, provided that the total power output and type of chargers are as required for both light and heavy-duty vehicles. The Member State concerned has to substantially justify this, based on socio-economic cost- benefit terms, and report back to the Commission. _________________ 1a As defined in the guidelines on regional State aid for 2014-2020 (2013/C 209/01): NUTS 2 regions with fewer than 8 inhabitants per km² and NUTS 3 regions with fewer than 12.5 inhabitants per km².
2022/03/21
Committee: TRAN
Amendment 572 #

2021/0223(COD)

Proposal for a regulation
Article 3 – paragraph 3 b (new)
3 b. The Commission should review, if necessary, the targets set in this regulation for electric recharging infrastructure dedicated to light-duty vehicles to align them with the requirements set in the Regulation on the CO2emission standards for light-duty vehicles.1a _________________ 1a COM (2021)556
2022/03/21
Committee: TRAN
Amendment 584 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point a – point i
(i) by 31 December 2025, each recharging pool shall offer a power output of at least 142000 kW and include at least onetwo recharging station with an individual power output of at least 35800 kW;
2022/03/21
Committee: TRAN
Amendment 587 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point a – point ii
(ii) by 31 December 2030, each recharging pool shall offer a power output of at least 35000 kW and include at least twofour recharging stations with an individual power output of at least 351200 kW;
2022/03/21
Committee: TRAN
Amendment 596 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point b – point i
(i) by 31 December 2030, each recharging pool shall offer a power output of at least 142000 kW and include at least onetwo recharging station with an individual power output of at least 35800 kW;
2022/03/21
Committee: TRAN
Amendment 599 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point b – point ii
(ii) by 1 December 2035, each recharging pool shall offer a power output of at least 35000 kW and include at least twofour recharging stations with an individual power output of at least 351200 kW;
2022/03/21
Committee: TRAN
Amendment 609 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point c
(c) by 31 December 203027, in each safe and secure parking area at least onetwo recharging station dedicated to heavy-duty vehicles with a power output of at least 100 kW is installed;
2022/03/21
Committee: TRAN
Amendment 615 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point d
(d) by 31 December 2025, in each urban node publicly accessible recharging points dedicated to heavy-duty vehicles providing an aggregated power output of at least 61400 kW are deployed, provided by recharging stations with an individual power output of at least 1350 kW;
2022/03/21
Committee: TRAN
Amendment 623 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point e
(e) by 31 December 2030, in each urban node publicly accessible recharging points dedicated to heavy-duty vehicles providing an aggregated power output of at least 123500 kW are deployed, provided by recharging stations with an individual power output of at least 1350 kW.
2022/03/21
Committee: TRAN
Amendment 631 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 2 a (new)
2 a. Whenever, due to the insular or sparsely populated1a nature of an area in a Member State, it is necessary and proportionate to install a charging pool that is serving both light and heavy-duty vehicles, the charging pool and related charging points shall be regarded as publicly accessible recharging infrastructure for both light duty and heavy duty road vehicles, provided that the total power output and type of chargers are as required for both light and heavy-duty vehicles. The Member State concerned has to substantially justify this, based on socio-economic cost- benefit terms, and report back to the Commission. _________________ 1a As defined in the guidelines on regional State aid for 2014-2020 (2013/C 209/01): NUTS 2 regions with fewer than 8 inhabitants per km² and NUTS 3 regions with fewer than 12.5 inhabitants per km².
2022/03/21
Committee: TRAN
Amendment 639 #

2021/0223(COD)

Proposal for a regulation
Article 4 – paragraph 2 b (new)
2 b. The Commission should review, if necessary, the targets set in this Regulation for electric recharging infrastructure dedicated to heavy-duty vehicles to align them with the requirements set in Regulation EU2019/1242 on the CO2 emission standards for heavy-duty vehicles.
2022/03/21
Committee: TRAN
Amendment 642 #

2021/0223(COD)

Proposal for a regulation
Article 4 a (new)
Article 4a Targets for electric recharging infrastructure dedicated to battery trains 1. Member States shall ensure a minimum coverage of recharging points dedicated to battery trains in their territory. To that end, Member States shall ensure that: (a) along the TEN-T core network and comprehensive network, recharging pools dedicated to battery trains are deployed in each direction of travel for segments on which electrification is not planned before 2050; (b) each urban node is equipped with recharging points dedicated to battery trains; 2. Neighbouring Member States shall ensure that cross-border sections of the TEN-T core network and the TEN-T comprehensive network are equipped as a matter of priority where electrification is not scheduled.
2022/03/21
Committee: TRAN
Amendment 646 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 2 – introductory part
2. Operators of recharging points shall, at the publicly accessible recharging points operated by them, deployed from the date referred to in Article 24, provide end users with the possibility to recharge their electric vehicle on an ad hoc basis using a payment instrument that is widely used in the Union. To that end:which accepts electronic payments through terminals and devices used for payment services, at least via payment cards.
2022/03/21
Committee: TRAN
Amendment 647 #

2021/0223(COD)

(a) operators of recharging points shall, at publicly accessible recharging stations with a power output below 50 kW, deployed from the date referred to in Article 24, accept electronic payments through terminals and devices used for payment services, including at least one of the following: (i) payment card readers; (ii) devices with a contactless functionality that is at least able to read payment cards; (iii) devices using an internet connection with which for instance a Quick Response code can be specifically generated and used for the payment transaction;deleted
2022/03/21
Committee: TRAN
Amendment 652 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 2 – point a – introductory part
(a) operators of recharging points shall, at publicly accessible recharging stations with a power output below 50 kW, deployed from the date referred to in Article 24, accept electronic payments through terminals and devices used for payment services, including at least one of the following:
2022/03/21
Committee: TRAN
Amendment 683 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1
From 1 January 2027 onwards, operators of recharging points shall ensure that all publicly accessible recharging stations with a power output equal to or more than 50 kW operated by them comply with the requirement in point (b)2.
2022/03/21
Committee: TRAN
Amendment 688 #

2021/0223(COD)

The requirements laid down in points (a) and (b)aragraph 2 shall not apply to publicly accessible recharging points that do not require payment for the recharging service.
2022/03/21
Committee: TRAN
Amendment 692 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 3
3. Operators of recharging points shall, when they offer automatic authentication at a publicly accessible recharging point operated by them, ensure that end users always have the right not to make use of the automatic authentication and may either recharge their vehicle on an ad hoc basis, as provided for in paragraph 32, or use another contract-based recharging solution offered at that recharging point. Operators of recharging points shall transparently display that option and offer it in a convenient manner to the end user and shall ensure that e-roaming is available, at each publicly accessible recharging point that they operate and where they make available automatic authentication.
2022/03/21
Committee: TRAN
Amendment 693 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 4
4. Operators of publicly accessible recharging points shall ensure that any mobility service provider has access to the recharging stations operated by them in a non-discriminatory manner. Prices charged by operators of publicly accessible recharging points shall be reasonable, easily and clearly comparable, transparent and non- discriminatory. Operators of publicly accessible recharging points shall not discriminate between the prices charged to end users and prices charged to mobility service providers nor between prices charged to different mobility service providers. Where relevant, the level of prices may only be differentiated in a proportionate manner, according to an objective justification. or based on contractual terms.
2022/03/21
Committee: TRAN
Amendment 722 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 7
7. From the date referred to in Article 24, operators of recharging points shall ensure that all newly built or renovated publicly accessible recharging points operated by them are digitally-connected recharging points.
2022/03/21
Committee: TRAN
Amendment 726 #

2021/0223(COD)

Proposal for a regulation
Article 5 – paragraph 8
8. From the date referred to in Article 24, operators of recharging points shall ensure that all newly built or renovated publicly accessible normal power recharging points operated by them are capable of smart recharging.
2022/03/21
Committee: TRAN
Amendment 748 #

2021/0223(COD)

Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1
To that end Member States shall ensure that by 31 December 2030 publicly accessible hydrogen refuelling stations with a minimum capacity of 2 t/day and equipped with at least a 700 bars dispenser are deployed with a maximum distance of 15200 km in-between them along the TEN-T core and the TEN-T comprehensive network. Liquid hydrogen shall be made available at publicly accessible refuelling stations with a maximum distance of 450 km in-between themnetwork.
2022/03/21
Committee: TRAN
Amendment 769 #

2021/0223(COD)

Proposal for a regulation
Article 6 a (new)
Article 6a Targets for hydrogen refuelling infrastructure for trains 1. Member States shall ensure that, in their territory, hydrogen refuelling stations are installed along the TEN-T core network and comprehensive network where electrification of the segments is not planned before 2050. They shall ensure that at least one hydrogen refuelling station is deployed in each urban node. An analysis of the best location for such refuelling stations shall be carried out, which shall consider, in particular, the deployment of such stations in multimodal hubs where other transport modes could also be integrated. 2. Neighbouring Member States shall ensure that cross-border sections of the TEN-T core network and the TEN-T comprehensive network are equipped if they are not electrified. 3. Operators or owners of hydrogen refuelling stations shall ensure that these stations also distribute liquid hydrogen.
2022/03/21
Committee: TRAN
Amendment 774 #

2021/0223(COD)

Proposal for a regulation
Article 7 – paragraph 1 – introductory part
1. From the date referred to in Article 24 all operators of publicly accessible hydrogen refuelling stations operated by them shall provide for the possibility for end users to refuel on an ad hoc basis using a payment instrument that is widely used in the Union. To that end, operators of hydrogen refuelling stations shall ensure that all hydrogen refuelling stations operated by them accept electronic payments through terminals and devices used for payment services, including at least one of the following:at least via payment cards.
2022/03/21
Committee: TRAN
Amendment 775 #

2021/0223(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point a
(a) payment card readers;deleted
2022/03/21
Committee: TRAN
Amendment 777 #

2021/0223(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point b
(b) devices with a contactless functionality that is at least able to read payment cards.deleted
2022/03/21
Committee: TRAN
Amendment 789 #

2021/0223(COD)

Proposal for a regulation
Article 8 – title
8 CNG and LNG infrastructure for road transport vehicles
2022/03/21
Committee: TRAN
Amendment 798 #

2021/0223(COD)

Proposal for a regulation
Article 8 – paragraph 1
Member States shall ensure until 1 January 2025 that an appropriatethat a sufficient number of publicly accessible refuelling points for CNG and LNG are put in place, at least along the TEN-T core network, in order to allow CNG and LNG heavy-duty motor vehicles to circulate throughout the Union, where there is demand, unless the costs are disproportionate to the benefits, including environmental benefits.
2022/03/21
Committee: TRAN
Amendment 812 #

2021/0223(COD)

Proposal for a regulation
Article 9 – paragraph 1 – introductory part
1. Member States shall ensure that a minimum shore-side electricity supply for seagoing container and passenger ships is provided in maritime ports. To that endTEN-T core and comprehensive maritime ports. To that end, pursuant to Article 5 par. 1 and 2 of the proposal for a Regulation COM (2021) 562, Member States shall take the necessary measures to ensure that by 1 January 2030:
2022/03/21
Committee: TRAN
Amendment 850 #

2021/0223(COD)

Proposal for a regulation
Article 9 – paragraph 2 – introductory part
2. For the determination of the number of port calls and pursuant to Article 5(3) of the proposal for a Regulation COM (2021) 562, the following port calls shall not be taken into account:
2022/03/21
Committee: TRAN
Amendment 876 #

2021/0223(COD)

Proposal for a regulation
Article 9 – paragraph 3
3. Where the maritime port of the TEN-T core network and the TEN-T comprehensive network is located on an island or in an outermost region which is not connected directly to the electricity grid, paragraph 1 shall not apply, until such a connection has been completed or there is a sufficient locally generated capacity from clean energy sources.
2022/03/21
Committee: TRAN
Amendment 877 #

2021/0223(COD)

Proposal for a regulation
Article 9 – paragraph 3
3. Where the maritime port of the TEN-T core network and the TEN-T comprehensive network is located on an island which is not connected directlyor in an outermost region which is not sufficiently connected to the electricity grid, paragraph 1 shall not apply, until such a connection has been completed or there is a sufficient locally generated capacity from clean energy sources.
2022/03/21
Committee: TRAN
Amendment 904 #

2021/0223(COD)

Proposal for a regulation
Article 11 – paragraph 1
1. Member States shall ensure that an appropriate sufficient number of refuelling points for LNG are put in place at TEN-T core and comprehensive maritime ports referred to in paragraph 2, to enable seagoing ships to circulate throughout the TEN-T core network by 1 January 2025. Member States shall cooperate with neighbouring Member States where necessary to ensure adequate coverage of the TEN-T core network.
2022/03/21
Committee: TRAN
Amendment 928 #

2021/0223(COD)

Proposal for a regulation
Article 12 – paragraph 1 – introductory part
1. Member States shall ensure that airport managing bodies or groundhandling service suppliers of all TEN-T core and comprehensive network airports ensure the provision of electricity supply to stationary aircraft by:
2022/03/21
Committee: TRAN
Amendment 941 #

2021/0223(COD)

Proposal for a regulation
Article 12 – paragraph 2 a (new)
2 a. Member States shall ensure that airport managing bodies or ground handling service suppliers of TEN-T core network airports provide preconditioned air systems.
2022/03/21
Committee: TRAN
Amendment 951 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – introductory part
1. By 1 Januaruly 20243, each Member State shall prepare and send to the Commission a draft national policy framework for the development of the market as regards alternative fuels in the transport sector and the deployment of the relevant infrastructure.
2022/03/21
Committee: TRAN
Amendment 957 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point a a (new)
(a a) an assessment of the current state and future development of grid capacity, including the needed improvement and resilience measures as well as financing;
2022/03/21
Committee: TRAN
Amendment 958 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point a a (new)
(aa) an assessment of the prospects of changes in the amount of electricity and its sources available to the transport sector;
2022/03/21
Committee: TRAN
Amendment 963 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point d
(d) policies and measures necessary to ensure that the mandatory targets and objectives referred to in points (b) and (c) of this paragraph are reached accompanied by a detailed assessment of the investments required, socio- economic and cost-benefit analysis;
2022/03/21
Committee: TRAN
Amendment 972 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point i
(i) measures necessary to ensure that the deployment and operation of recharging points, including the geographical distribution of bidirectional charging points, contribute to the flexibility of the energy system and to the penetration of renewable electricity into the electric system. In this regard, an analysis should be added including a market development analysis, identification of possible legislative obstacles, technical infrastructure building and a geographical distribution plan for smart and bidirectional charging points;
2022/03/21
Committee: TRAN
Amendment 976 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point k
(k) measures to remove possible obstacles with regards to planning, permitting and procuring of alternative fuels infrastructure. In particular, the final authorisation for a publicly accessible charger being installed takes no longer than 6 months from the date of submission of the request for authorisation. The authorisation procedure should be fully digitalised;
2022/03/21
Committee: TRAN
Amendment 984 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point l
(l) a deployment pln assessment of the current state and for alternative fuels infrastructure in airports other than for electricity supply to stationary aircraftuture development of the hydrogen market for aviation as well as a feasibility study on the deployment of the relevant infrastructure including, where appropriate, a deployment plan for alternative fuels infrastructure at airports, in particular for hydrogen and electric recharging for aircrafts;
2022/03/21
Committee: TRAN
Amendment 987 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point l a (new)
(l a) an assessment of the current state and future development of the needed pre- conditioned air systems at TEN-T core airports as well as a feasibility study on the deployment of the relevant fixed or mobile infrastructure;
2022/03/21
Committee: TRAN
Amendment 992 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point n
(n) a deployment plan for alternative fuels infrastructure in maritime ports other than for LNG and shore-side electricity supply for use by sea going vessels, in particular for hydrogen, ammonia and electricity. In this process, all relevant public and private actors need to be involved, including port authorities, terminal operators, grid operators, OPS operators, shipowners, other relevant market players, and local or regional and national authorities;
2022/03/21
Committee: TRAN
Amendment 998 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point o
(o) a deployment plan for alternative fuels in inland waterway transport, in particular for both hydrogen and electricity. In this process, all relevant public and private actors need to be involved, including port authorities, terminal operators, grid operators, OPS operators, shipowners, other relevant market players, and local or regional and national authorities;
2022/03/21
Committee: TRAN
Amendment 1011 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 1 – subparagraph 1 – point p a (new)
(p a) a map of future appropriate locations for site development, including information on sufficient grid capacity, based on demand, which shall be made publicly available;
2022/03/21
Committee: TRAN
Amendment 1023 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 3
3. Member States shall ensure that national policy frameworks take into account, as appropriate, the interests of regional and local authorities, in particular when recharging and refuelling infrastructure for public transport is concerned, as well as those of the stakeholders concerned. The national policy frameworks shall be translated by regional or local authorities into their regional or local mobility plan specifying the needs in the built-up area as well as outside the built-up area over the course of 5 to 10 years. The regional or local mobility plans shall include an action plan, specifying placing areas, fast charging possibilities, financial framework and concrete actions for the different actors involved such as national, regional and/or local authorities, grid operators and other market players. The regional or local mobility plans shall be evaluated and assessed every 2 years.
2022/03/21
Committee: TRAN
Amendment 1029 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 3 a (new)
3 a. Each Member State shall appoint a national coordinator for alternative fuels infrastructure who oversees the national coordination (inter-ministry) and implementation of the national policy framework. The national coordinator shall cooperate with the European Commission, the responsible TEN-T coordinator and, if needed, other national coordinators, and assists regional and local authorities, e.g. by providing expertise, tooling, guidelines based on EU standards, and advises on regional coordination of the relevant local mobility plans.
2022/03/21
Committee: TRAN
Amendment 1032 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 4
4. Where necessary, Member States shall cooperate, by means of consultations or joint policy frameworks, to ensure that the measures required to achieve the objectives of this Regulation are coherent and coordinated. In particular, Member States shall cooperate on the strategies to use alternative fuels and deployment of corresponding infrastructure in waterborne transport. The Commission shall assist the Member States in the cooperation process. on cross-border parts of the TEN-T core and comprehensive network. In particular, Member States shall consult the responsible TEN-T coordinator for advice on the strategies to use alternative fuels and deployment of corresponding infrastructure in order to ensure that the measures required to achieve the objectives of this Regulation are coherent and coordinated. The progress shall be included in the TEN-T progress report1a and reported back to the European Parliament, the Council, the Commission and the Member States concerned on a yearly basis. _________________ 1a Based on art. 45(5)(e) Regulation 1315/2013
2022/03/21
Committee: TRAN
Amendment 1037 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 7 – introductory part
7. The Commission shall assess the draft national policy frameworks. In particular, the Commission shall request the opinion of the responsible European TEN-T Coordinator when examining the policy framework, in order to ensure consistency and advancement of each corridor, and may issue recommendations to a Member State no later than six months after the submission of the draft national policy frameworks as referred to in paragraph 1. Those recommendations may, in particular, address:
2022/03/21
Committee: TRAN
Amendment 1041 #

2021/0223(COD)

Proposal for a regulation
Article 13 – paragraph 9
9. By 1 Januaruly 20254, each Member State shall notify to the Commission its final national policy framework.
2022/03/21
Committee: TRAN
Amendment 1044 #

2021/0223(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. Each Member State shall submit to the Commission a standalone progress report on the implementation of its national policy framework for the first time by 1 January 2027 and every two years thereafter.
2022/03/21
Committee: TRAN
Amendment 1049 #

2021/0223(COD)

Proposal for a regulation
Article 14 – paragraph 3
3. The regulatory authority of a Member States shall assess, at the latest by 30 June 2024 and periodically every threewo years thereafter, how the deployment and operation of recharging points could enable electric vehicles to further contribute to the flexibility of the energy system, including their participation in the balancing market, and to the further absorption of renewable electricity. That assessment shall take into account all types of recharging points, whetherboth public orand private, and provide recommendations in terms of type, supporting technology and geographical distribution in order to facilitate the ability of users to integrate their electric vehicles in the system. It shall be made publicly available. On the basis of the results of the assessment, Member States shall, if necessary, take the appropriate measures for the deployment of additional recharging points and include them in their progress report referred to in paragraph 1. The assessment and measures shall be taken into account by the system operators in the network development plans referred to in Article 32(3) and Article 51 of Directive (EU) 2019/944.
2022/03/21
Committee: TRAN
Amendment 1052 #

2021/0223(COD)

Proposal for a regulation
Article 14 – paragraph 4
4. On the basis of input from transmission system operators and distribution system operators, the regulatory authority of a Member States shall assess, at the latest by 1 30 June 2024 and periodically every threewo years thereafter, the potential contribution of bidirectional charging to the penetration of renewable electricity into the electricity system. That assessment shall be made publicly available. On the basis of the results of the assessment, Member States shall take, if necessary, the appropriate measures to adjust the availability and geographical distribution of bidirectional recharging points, in both public and private areas and include them in their progress report referred to in paragraph 1.
2022/03/21
Committee: TRAN
Amendment 1054 #

2021/0223(COD)

Proposal for a regulation
Article 14 – paragraph 5
5. The Commission shall provide for technical and advisory assistance to the concerned national authorities and shall adopt guidance and templates concerning the content, structure and format of the national policy frameworks and the content of the national progress reports to be submitted by the Member States in accordance with Article 13(1) and six months after the date referred to in Article 24. The Commission may adopt guidance and templates to facilitate the effective application across the Union of any other provisions of this Regulation.
2022/03/21
Committee: TRAN
Amendment 1097 #

2021/0223(COD)

Proposal for a regulation
Article 18 – paragraph 2 – introductory part
2. Operators of publicly accessible recharging and refuelling points or, in accordance with the arrangement between them, the owners of those points, shall ensure the availability of static and dynamic data concerning alternative fuels infrastructure operated by them and allow accessibility of that data through the National Access Points at no costgainst reasonable, non-discriminating and only cost covering prices, while ensuring the minimum level of cybersecurity based on the Directive on measures for a high common level of cybersecurity across the Union (NIS2 Directive)1a. The following data types shall be made available: _________________ 1a COM/2020/823 final
2022/03/21
Committee: TRAN
Amendment 79 #

2021/0218(COD)

Proposal for a directive
Recital 8
(8) The Offshore Renewable Energy Strategy introduces an ambitious objective of 300 GW of offshore wind and 40 GW of ocean energy across all the Union’s sea basins by 2050. To ensure this step change, Member States will need to work together across borders at sea-basin level. Member States should therefore jointly define the amount of offshore renewable generation to be deployed in line with maritime spatial planning within each sea basin by 2050, with intermediate steps in 2030 and 2040. These objectives should be reflected in the updated national energy and climate plans that will be submitted in 2023 and 2024 pursuant to Regulation (EU) 2018/1999. In defining the amount, Member States should take into account the offshore renewable energy potential of each sea basin, environmental protection, climate adaptation and other uses of the sea, as well as the Union’s decarbonisation targets. In addition, Member States should increasingly consider the possibility of combiningendeavour offshore renewable energy generation with transmission lines interconnecting several Member States, in the form of hybrid projects or, at a later stage, a more meshed grid. This would allow electricity to flow in different directions, thus maximising socio- economic welfare, optimising infrastructure expenditure and enabling a more sustainable usage of the sea.
2022/03/22
Committee: TRAN
Amendment 92 #

2021/0218(COD)

Proposal for a directive
Recital 22 a (new)
(22 a) The consumption of decarbonized hydrogen sourced from process gases that are treated while applying carbon capture and storage provides a complementary lever to decarbonise industry and therefore should be excluded from the denominator of the renewable fuel of non-biological origin target for industry so to avoid discouraging investments in these industrial decarbonisation processes.
2022/03/22
Committee: TRAN
Amendment 95 #

2021/0218(COD)

Proposal for a directive
Recital 28 a (new)
(28a) While the Union’s renewable energy policy aims to contribute to achieving the Union climate goals, it also contributes to strengthening the Union’s strategic interests, namely technological sovereignty, security of supply, and protection against possible price volatility. The Union's strategic autonomy in the field of energy will ensure that Member States have the ability to guarantee a secure and affordable supply, regardless of exogenous changes such as geopolitical crises.
2022/03/22
Committee: TRAN
Amendment 100 #

2021/0218(COD)

Proposal for a directive
Recital 29 a (new)
(29a) The implementation or installation of wind-assisted propulsion and wind propulsion systems is considered as a renewable energy source and one of the decarbonisation solutions for maritime transport.
2022/03/22
Committee: TRAN
Amendment 104 #

2021/0218(COD)

Proposal for a directive
Recital 30
(30) Electromobility will play an essential role in decarbonising the transport sector. To foster the further development of electromobility in all transport modes, Member States should establish a credit mechanism enabling operators of charging points accessible to the public, where technically possible, to contribute, by supplying renewable electricity, towards the fulfilment of the obligation set up by Member States on fuel suppliers. While supporting electricity in transport through such a mechanism, it is important that Member States continue setting a high level of ambition for the decarbonisation of their liquid fuel mix in transport.
2022/03/22
Committee: TRAN
Amendment 115 #

2021/0218(COD)

Proposal for a directive
Recital 32
(32) Expressing the transport target as a greenhouse gas intensity reduction target makes it unnecessary to use multipliers to promote certain renewable energy sources except for the maritime and aviation sectors. This is because different renewable energy sources save different amounts of greenhouse gas emissions and, therefore, contribute differently to a target. Renewable electricity should be considered to have zero emissions, meaning it saves 100% emissions compared to electricity produced from fossil fuels. This will create an incentive for the use of renewable electricity since renewable fuels and recycled carbon fuels are unlikely to achieve such a high percentage of savings. Electrification relying on renewable energy sources would therefore become the most efficient way to decarbonise road transport. In addition, in order to promote the use of advanced biofuels and biogas and renewable fuels of non-biological origin in the aviation and maritime modes, which are difficult to electrify, it is appropriate to keep the multiplier for those fuels supplied in those modes when counted towards the specific targets set for those fuels.
2022/03/22
Committee: TRAN
Amendment 153 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point c
Directive (EU) 2018/2001
Article 2 – paragraph 2 – point 3 c (new)
(3c) ‘wind propulsion’ or "wind- assisted propulsion" means a propulsion technique that contributes primarily or auxiliary to the navigation of any type of vessel via the energy of the wind.
2022/03/22
Committee: TRAN
Amendment 158 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point c
Directive (EU) 2018/2001
Article 2 – paragraph 2 – point 1 b (new)
(1b) ‘Solar factor’ is calculated by dividing the STC generative capacity of a solar panel times its yield (Watt * Wh) and in total divided by the vehicles WLTP consumption in Wh/km. The factor is used to determine the effect a vehicle- integrated photovoltaic panel has on the energy usage of a vehicle.
2022/03/22
Committee: TRAN
Amendment 159 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point c
Directive (EU) 2018/2001
Article 2 – paragraph 2 – point 1 c (new)
(1c) ‘Solar-electric vehicle’ means a motor vehicle equipped with a powertrain containing only non-peripheral electric machines as energy converter with an electric rechargeable energy storage system, which can be recharged externally, also equipped with vehicle- integrated photovoltaic (VIPV) panels and have a Solar Factor greater than 7 Wkm.
2022/03/22
Committee: TRAN
Amendment 161 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point a a (new)
Directive (EU) 2018/2001
Article 2 – paragraph 2 – point 1
(1) ‘energy from renewable sources’ or ‘renewable energy’ means energy from renewable non-fossil sources, namely wind (wind power and wind propulsion), solar (solar thermal and solar photovoltaic) and geothermal energy, osmotic energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas; Or. en (Directive (EU) 2018/2001)
2022/03/22
Committee: TRAN
Amendment 162 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point c b (new)
Directive (EU) 2018/2001
Article 2 – paragraph 2 – point 37
(37) ‘low indirect land-use change-risk biofuels, bioliquids and biomass fuels’ means biofuels, bioliquids and biomass fuels, the feedstock of which was produced within schemes which avoid displacement effects of food and feed-crop based biofuels, bioliquids and biomass fuels through improved agricultural practices as well as through the cultivation of crops on areas which were previously not used for cultivation of crops, and which were produced in accordance with the sustainability criteria for biofuels, bioliquids and biomass fuels laid down in Article 29; deleted Or. en (Directive (EU) 2018/2001)
2022/03/22
Committee: TRAN
Amendment 168 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point a
Directive (EU) 2018/2001
Article 3 – paragraph 1 – subparagraph 1 a (new)
1a. Member States shall collectively ensure that yearly biomethane production by 2030 is at least 35 billion cubic meters.
2022/03/22
Committee: TRAN
Amendment 238 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive (EU) 2018/2001
Article 22a – paragraph 1 – subparagraph 1
1. Member States shall endeavour to increase the share of renewable sources and carbon neutral hydrogen in the amount of energy sources used for final energy and non-energy purposes in the industry sector by an indicative average minimum annual increase of 1.1 percentage points by 2030.
2022/03/22
Committee: TRAN
Amendment 245 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive (EU) 2018/2001
Article 22a – paragraph 1 – subparagraph 3– introductory part
Member States shall ensure that the contribution of renewable fuels of non- biological origicarbon neutral hydrogen used for final energy and non-energy purposes shall be 50 % of the hydrogen used for final energy and non- energy purposes in industry by 2030. For the calculation of that percentage, the following rules shall apply:
2022/03/22
Committee: TRAN
Amendment 248 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 11
Directive (EU) 2018/2001
Article 22a – paragraph 1 – subparagraph 3 – point b
(b) For the calculation of the numerator, the energy content of the renewable fuels of non-biological origicarbon neutral hydrogen consumed in the industry sector for final energy and non- energy purposes shall be taken into account, excluding renewable fuels of non- biological origin used as intermediate products for the production of conventional transport fuels.
2022/03/22
Committee: TRAN
Amendment 261 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 14
(b) the share of advanced biofuels and biogas produced from the feedstock listed in Part A of Annex IX in the energy supplied to the transport sector is at least 0,2 % in 2022, 0,5 % in 2025 and 2,2 % in 2030, and the share of renewable fuels of non-biological origin is at least 2,6 % in 2030. Fuel suppliers shall deliver at least 1.3% of renewable fuels of non-biological origin to maritime and aviation modes.
2022/03/22
Committee: TRAN
Amendment 275 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 14
Directive (EU) 2018/2001
Article 25 – paragraph 2
2. Member States shall establish a mechanism allowing fuel suppliers in their territory to exchange credits for supplying renewable energy to, the transport sector. Economic operators that supply renewable electricity to electric vehicles through public recharging stations, including in rail, aviation and maritime sectors, through public, semi-public and private recharging stations, where technically possible, shall receive credits, irrespectively of whether the economic operators are subject to the obligation set by the Member State on fuel suppliers, and may sell those credits to fuel suppliers, which shall be allowed to use the credits to fulfil the obligation set out in paragraph 1, first subparagraph.;
2022/03/22
Committee: TRAN
Amendment 277 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15 – point a – point i
Directive (EU) 2018/2001
Article 26 – paragraph 1 – subparagraph 1
For the calculation of a Member State's gross final consumption of energy from renewable sources referred to in Article 7 and of the greenhouse gas intensity reduction target referred to in Article 25(1), first subparagraph, point (a), the share of biofuels and bioliquids, as well as of biomass fuels consumed in transport, where produced from food and feed crops, shall be no more than one percentage point higher than the share of such fuels in the final consumption of energy in the transport sector in 2020 in that Member State, with a maximum of 7 % of final consumption of energy in the transport sector in that Member State.; excluding the share of high indirect land-use change risk biofuels, bioliquids or biomass fuels produced from food and feed crops for which a significant expansion of the production area into land with high-carbon stock is observed, with a maximum of 7 % of final consumption of energy in the transport sector in that Member State. By way of derogation, Member States may decide to exclude bioliquids used for electricity production in outermost regions and non- interconnected areas from the above mentioned 7% ceiling for the transport sector.
2022/03/22
Committee: TRAN
Amendment 289 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15 – point b a (new)
Directive (EU) 2018/2001
Article 26 – paragraph 2
(ba) paragraph 2 is replaced by the following: "For the calculation of a Member State's gross final consumption of energy from renewable sources referred to in Article 7 and the greenhouse gas emission reduction target referred to in Article 25(1), first subparagraph, point (a) the share of high indirect land-use change-risk biofuels, bioliquids or biomass fuels produced from food and feed crops for which a significant expansion of the production area into land with high-carbon stock is observed shall not exceed the level of consumption of such fuels in that Member State in 2019, unless they are certified to be low indirect land-use change-risk biofuels, bioliquids or biomass fuels pursuant to this paragraph. From 31 December 2023 until 31 December 2030 at the latestBy 1 July 2023, that limit shall gradually decrease to 0 %. By 1 February 2019, the Commission shall submit to the European Parliament and to the Council a report on the status of worldwide production expansion of the relevant food and feed crops. By 1 February 2019, the Commission shall adopt a delegated act in accordance with Article 35 to supplement this Directive by setting out the criteria for certification of low indirect land-use change-risk biofuels, bioliquids and biomass fuels and for determining the high indirect land-use change-risk feedstock for which a significant expansion of the production area into land with high-carbon stock is observed. The report and the accompanying delegated act shall be based on the best available scientific data. By 1 September 2023, the Commission shall review the criteria laid down in the delegated act referred to in the fourth subparagraph based on the best available scientific data and shall adopt delegated acts in accordance with Article 35 to amend such criteria, where appropriate, and to include a trajectory to gradually decrease the contribution to the Union target set in Article 3(1) and to the greenhouse gas emission reduction target referred to in Article 25(1), first subparagraph, point (a) of high indirect land-use change-risk biofuels, bioliquids and biomass fuels produced from feedstock for which a significant expansion of the production into land with high-carbon stock is observed. By 1 January 2023, the Commission shall submit to the European Parliament and to the Council an update of the report on the status of worldwide production expansion of the relevant food and feed crops. This update must include the most recent data from the last two years with regards to deforestation, particularly in South America, and must address other high risk commodities in the category of high indirect land use change risk feedstocks (in particular soy and their by-products). Or. en (Directive (EU) 2018/2001)
2022/03/22
Committee: TRAN
Amendment 300 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 16 – point c
Directive (EU) 2018/2001
Article 27 – paragraph 1a – point c
(c) the shares of advanced biofuels and biogas produced from the feedstock listed in Part A of Annex IX and of renewable fuels of non-biological origin supplied in the aviation and maritime modes shall be considered to be 1,2 times their energy content.;
2022/03/22
Committee: TRAN
Amendment 311 #

2021/0218(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 18 – point a – point ii
Directive (EU) 2018/2001
article 29 – paragraph 1 – subparagraph 4 – point a
— (a) in the case of solid biomass fuels, in installations producing electricity, heating and cooling with a total rated thermal input equal to or exceeding 510 MW,
2022/03/22
Committee: TRAN
Amendment 126 #

2021/0214(COD)

Proposal for a regulation
Recital 11
(11) The CBAM seeks to replace these existing mechanisms by addressing the risk of carbon leakage in a different way, namely by ensuring equivalent carbon pricing for imports and domestic products. To ensure a gradual transition from the current system of free allowances to the CBAM, the CBAM should be progressively phased in while free allowances in sectors covered by the CBAM are phased out until they are completely eliminated. The combined and transitional application of EU ETS allowances allocated free of charge and of the CBAM should in no case result in more favourable treatment for Union goods compared to goods imported into the customs territory of the Union and should remain WTO-compliant. The transition period should provide regulatory certainty to resource- and energy-intensive industries and a predictable timeline for all stakeholders. The Commission should also review the financial measures to compensate for indirect emission costs with a view to phasing them out as CBAM indirect emissions are phased in. The Commission should ensure this phase out design guarantees a level playing field for the EU industry and takes into account EU electricity market specificities.
2022/02/02
Committee: ECON
Amendment 133 #

2021/0214(COD)

Proposal for a regulation
Recital 11 a (new)
(11a) The phasing-out of free allowances should be accompanied by the introduction of support measures for exports that would remain WTO- compliant and consistent with the EU’s environmental objectives. These measures should include partial export rebates based on the existing benchmark logic of most-carbon-efficient producers, not refunding more than the current level of free allowances, in order to maintain strong decarbonisation incentives while ensuring a level playing field for EU exports.
2022/02/02
Committee: ECON
Amendment 164 #

2021/0214(COD)

Proposal for a regulation
Recital 17
(17) The GHG emissions to be regulated by the CBAM should correspond to those GHG emissions covered by Annex I to the EU ETS in Directive 2003/87/EC, namely carbon dioxide (‘CO2’) as well as, where relevant, nitrous oxide (‘N2O’) and perfluorocarbons (‘PFCs’). The CBAM should initially apply to direct emissions of those GHG from the production of goods up to the time of import into the customs territory of the Union, and after the end of a transition period and upon further assessment, as well to indirect emissions, mirroring the scope of the EU ETS.
2022/02/02
Committee: ECON
Amendment 184 #

2021/0214(COD)

Proposal for a regulation
Recital 24
(24) In terms of sanctions, Member StatesCBAM Authority should apply penalties to infringements of this Regulation and ensure that they are implemented. The amount of those penalties should be identical to penalties currently applied within the Union in case of infringement of EU ETS according to Article 16(3) and (4) of Directive 2003/87/EC.
2022/02/02
Committee: ECON
Amendment 189 #

2021/0214(COD)

Proposal for a regulation
Recital 28
(28) Whilst the ultimate objective of the CBAM is a broadcomplete product coverage, it would be prudent to start with a selected number of sectors with relatively homogeneous products where there is a risk of carbon leakage. Union sectors deemed at risk of carbon leakage are listed in Commission Delegated Decision 2019/70842 . _________________ 42 Commission Delegated Decision (EU) 2019/708 of 15 February 2019 supplementing Directive 2003/87/EC of the European Parliament and of the Council concerning the determination of sectors and subsectors deemed at risk of carbon leakage for the period 2021 to 2030 (OJ L 120, 8.5.2019, p. 2).
2022/02/02
Committee: ECON
Amendment 196 #

2021/0214(COD)

Proposal for a regulation
Recital 29 a (new)
(29a) The Commission should present, before the end of the transitional period, a binding calendar on the extension to the rest of goods at risk of carbon leakage. The calendar should contain specific implementation dates and should be aligned with EU climate ambitions.
2022/02/02
Committee: ECON
Amendment 197 #

2021/0214(COD)

Proposal for a regulation
Recital 34
(34) However, aluminium products should be included in the CBAM as they are highly exposed to carbon leakage. Moreover, in several industrial applications they are in direct competition with steel products because of characteristics closely resembling those of steel products. Inclusion of aluminium is also relevant as the scope of the CBAM may be extended talso cover alsos indirect emissions in the future.
2022/02/02
Committee: ECON
Amendment 198 #

2021/0214(COD)

Proposal for a regulation
Recital 38
(38) As importers of goods covered by this Regulation should not have to fulfil their CBAM obligations under this Regulation at the time of importation, specific administrative measures should be applied to ensure that the obligations are fulfilled at a later stage. Therefore, importers should only be entitled to import CBAM goods after they have been granted an authorisation by competent authorities responsible for the application of this Regulationthe CBAM Authority.
2022/02/02
Committee: ECON
Amendment 206 #

2021/0214(COD)

Proposal for a regulation
Recital 44
(44) In order to give the authorised declarants flexibility in complying with their CBAM obligations and allow them to benefit from fluctuations in the price of EU ETS allowances, the CBAM certificates should be valid for a period of two years from the date of purchase. The authorised declarant should be allowed to re-sell to the national aCBAM Authority a portion of the certificates bought in excess. The authorised declarant should build up during the year the amount of certificates required at the time of surrendering, with thresholds set at the end of each quarter.
2022/02/02
Committee: ECON
Amendment 208 #

2021/0214(COD)

Proposal for a regulation
Recital 50
(50) A transitional period should apply during the period 2023 until 2025. A CBAM without financial adjustment should apply, with the objective to facilitate a smooth roll out of the mechanism hence reducing the risk of disruptive impacts on trade. Declarants should have to report on a quarterly basis the actual embedded emissions in goods imported during the transitional period, detailing direct and indirect emissions as well as any carbon price paid abroad. To avoid excessive administrative burden for enterprises, in particular SMEs, the CBAM Authority should provide them with technical advice and assistance in order to facilitate their adaptation to the new obligations established by this Regulation.
2022/02/02
Committee: ECON
Amendment 210 #

2021/0214(COD)

Proposal for a regulation
Recital 51
(51) To facilitate and ensure a proper functioning of the CBAM, the Commission should provide support to the competent authorities responsible for the application of this RegulationCBAM Authority in carrying out theirits obligations.
2022/02/02
Committee: ECON
Amendment 214 #

2021/0214(COD)

Proposal for a regulation
Recital 52
(52) The Commission should evaluate the application of this Regulation before the end of the transitional period, or after a demand from the European Parliament, the Council or the CBAM Authority, and report to the European Parliament and the Council. The report of the Commission should in particular focus on possibilities to enhance climate actions towards the objective of a climate neutral Union by 2050. The Commission should, as part of that evaluation, initiate collection of information necessary to possibly extend the scope to indirect emissions, as well as to other goods and services at risk of carbon leakageother goods and services resulting from activities listed in Directive 2003/87/EC, as well as to goods further down the value chain, in particular downstream products using goods covered by this Regulation, and to develop methods of calculating embedded emissions based on the environmental footprint methods47 . _________________ 47 Commission Recommendation 2013/179/EU of 9 April 2013 on the use of common methods to measure and communicate the life cycle environmental performance of products and organisations (OJ L 124, 4.5.2013, p. 1).
2022/02/02
Committee: ECON
Amendment 242 #

2021/0214(COD)

Proposal for a regulation
Recital 61 a (new)
(61a) It is crucial that a level playing field in internationally operating sectors such as aviation and the maritime industry is ensured. For aviation, this concerns routes with a high share of connecting passengers to destinations outside the EEA. For the maritime sector, ships hulls and other shipbuilding equipment built outside the Union is sensitive to a potential competitive disadvantage. Both sector’s specificities will need to be considered. Therefore, the Commission should explore mechanisms to mitigate potential competitive distortion between feeder flights from EU and non- EU hubs as well as between EU and third country shipbuilding players.
2022/02/02
Committee: ECON
Amendment 255 #

2021/0214(COD)

Proposal for a regulation
Article 1 – paragraph 3
3. The mechanism will progressively become an alternative to the mechanisms established under Directive 2003/87/EC to prevent the risk of carbon leakage, notably the allocation of allowances free of charge and the financial measures to compensate for indirect emission costs in accordance with Article 10a and 10b of that Directive.
2022/02/02
Committee: ECON
Amendment 267 #

2021/0214(COD)

Proposal for a regulation
Article 2 – paragraph 12 a (new)
12a. The Commission may adopt delegated acts in accordance with Article 28 with a view to modifying the list in Annex I.
2022/02/02
Committee: ECON
Amendment 269 #

2021/0214(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 11
(11) ‘competent aCBAM Authority’ means the authority, designated by each Member Stateappointed by the Commission in accordance with Article 11 of this Regulation;
2022/02/02
Committee: ECON
Amendment 272 #

2021/0214(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 16
(16) ‘embedded emissions’ mean direct emissions released during the production of goods, calculated pursuant to the methods set out in Annex III, and indirect emissions pursuant to the methods to be defined by the Commission in accordance with Article 7(6);
2022/02/02
Committee: ECON
Amendment 274 #

2021/0214(COD)

Proposal for a regulation
Article 4 – paragraph 1
Goods shall only be imported into the customs territory of the Union by a declarant that is authorised by the competent aCBAM Authority in accordance with Article 17 (‘authorised declarant’).
2022/02/02
Committee: ECON
Amendment 275 #

2021/0214(COD)

Proposal for a regulation
Article 5 – paragraph 1
1. Any declarant shall, prior to importing goods as referred to in Article 2, apply to the competent authority at the place where it is establishedCBAM Authority, for an authorisation to import those goods into the customs territory of the Union.
2022/02/02
Committee: ECON
Amendment 277 #

2021/0214(COD)

Proposal for a regulation
Article 5 – paragraph 2
2. By way of derogation from paragraph 1, where transmission capacity for the import of electricity is allocated via explicit capacity allocation, the person to which capacity has been allocated for import and which nominates this capacity for import shall, for the purposes of this Regulation, be regarded as an authorised declarant in the Member State where the person declares the import of electricity. Imports are to be measured per border for time periods not longer than one hour and no deduction of export or transit in the same hour is possible.
2022/02/02
Committee: ECON
Amendment 279 #

2021/0214(COD)

Proposal for a regulation
Article 5 – paragraph 3 – point f
(f) information necessary to demonstrate the declarant’s financial and operational capacity to fulfil its obligations under this Regulation and, if decided by the competent aCBAM Authority on the basis of a risk assessment, supporting documents confirming that information, such as the profit and loss account and the balance sheet for up to the three last financial years for which the accounts were closed;
2022/02/02
Committee: ECON
Amendment 283 #

2021/0214(COD)

Proposal for a regulation
Article 5 – paragraph 5
5. The authorised declarant shall inform the competent aCBAM Authority without delay of any changes of the information provided under paragraph 3, arising after the decision was taken, which may influence the decision taken pursuant to Article 17 or content of the authorisation in accordance with Article 17.
2022/02/02
Committee: ECON
Amendment 285 #

2021/0214(COD)

Proposal for a regulation
Article 5 – paragraph 6
6. The Commission is empowered to adopt implementing acts, concerning the standard format of the application and the delays and procedure to be followed by the competent aCBAM Authority when processing applications for authorisation in accordance with paragraph 1 and the rules for identification by the competent aCBAM Authority of the declarants for the importation of electricity. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 29(2).
2022/02/02
Committee: ECON
Amendment 289 #

2021/0214(COD)

Proposal for a regulation
Article 6 – paragraph 1
1. By 31 May of each year, each authorised declarant shall submit a declaration (‘CBAM declaration’), for the calendar year preceding the declaration, to the competent aCBAM Authority.
2022/02/02
Committee: ECON
Amendment 290 #

2021/0214(COD)

Proposal for a regulation
Article 7 – paragraph 1
1. Embedded emissions in goods shall be calculated pursuant to the methods set out in Annex III and implementing acts adopted in accordance with paragraph 6.
2022/02/02
Committee: ECON
Amendment 291 #

2021/0214(COD)

Proposal for a regulation
Article 7 – paragraph 2
2. EDirect embedded emissions in goods other than electricity shall be determined based on the actual emissions in accordance with the methods set out in Annex III, points 2 and 3. When actual emissions cannot be adequately determined, the embedded emissions shall be determined by reference to default values in accordance with the methods set out in Annex III, point 4.1.
2022/02/02
Committee: ECON
Amendment 292 #

2021/0214(COD)

Proposal for a regulation
Article 7 – paragraph 3
3. EDirect embedded emissions in imported electricity shall be determined by reference to default values in accordance with the method set out in Annex III, point 4.2, unless the authorised declarant chooses to determine the embedded emissions based on the actual emissions in accordance with that annex, point 5.
2022/02/02
Committee: ECON
Amendment 293 #

2021/0214(COD)

Proposal for a regulation
Article 7 – paragraph 3 a (new)
3a. Indirect embedded emissions in goods other than electricity shall be calculated pursuant to paragraph 6.
2022/02/02
Committee: ECON
Amendment 294 #

2021/0214(COD)

Proposal for a regulation
Article 7 – paragraph 4
4. The authorised declarant shall keep records of the information required to calculate the embedded emissions in accordance with the requirements laid down in Annex IV. Those records shall be sufficiently detailed to enable verifiers accredited pursuant to Article 18 to verify the embedded emissions in accordance with Article 8 and Annex V and to enable the competent aCBAM Authority to review the CBAM declaration in accordance with Article 19(1).
2022/02/02
Committee: ECON
Amendment 297 #

2021/0214(COD)

Proposal for a regulation
Article 7 – paragraph 6
6. The Commission is empowered to adopt implementing acts concerning detailed methodologies and calculations of indirect emissions and rules regarding the elements of the calculation methods set out in Annex III, including determining system boundaries of production processes, emission factors, installation-specific values of actual emissions and default values and their respective application to individual goods as well as laying down methods to ensure the reliability of data on the basis of which the default values shall be determined, including the level of detail and the verification of the data. Where necessary, those acts shall provide that the default values can be adapted to particular areas, regions or countries to take into account specific objective factors such as geography, natural resources, market conditions, prevailing energy sources, or industrial processes. The implementing acts shall build upon existing legislation for the verification of emissions and activity data for installations covered by Directive 2003/87/EC, in particular Implementing Regulation (EU) No 2018/2067.
2022/02/02
Committee: ECON
Amendment 312 #

2021/0214(COD)

Proposal for a regulation
Article 10 – paragraph 6
6. The records referred to in paragraph 5, point (c), shall be sufficiently detailed to enable the verification in accordance with paragraph 5, point (b), and to enable any competent athe CBAM Authority to review, in accordance with Article 19(1), the CBAM declaration made by an authorised declarant to whom the relevant information was disclosed in accordance with paragraph 8.
2022/02/02
Committee: ECON
Amendment 318 #

2021/0214(COD)

Proposal for a regulation
Chapter III – title
III Competent aBAM Authoritiesy
2022/02/02
Committee: ECON
Amendment 319 #

2021/0214(COD)

Proposal for a regulation
Article 11 – title
11 Competent aBAM Authoritiesy
2022/02/02
Committee: ECON
Amendment 321 #

2021/0214(COD)

Proposal for a regulation
Article 11 – paragraph 1 – introductory part
1. Each Member State shall designate the competent aThe Commission shall appoint the CBAM Authority to carry out the obligations under this Regulation and inform the Commission thereof.
2022/02/02
Committee: ECON
Amendment 324 #

2021/0214(COD)

Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 1
The Commission shall make available to the Member States a list of all competent authorities and publish this information in the Official Journal of the European Union.deleted
2022/02/02
Committee: ECON
Amendment 327 #

2021/0214(COD)

Proposal for a regulation
Article 11 – paragraph 2
2. Member States shall require that competent authorities exchange any information that is essential or relevant to the exercise of their functions and duties.deleted
2022/02/02
Committee: ECON
Amendment 336 #

2021/0214(COD)

Proposal for a regulation
Article 12
The Commission shall assist the competent authorities in carrying out their obligations under this Regulation and coordinate their activities.Article 12 deleted Commission
2022/02/02
Committee: ECON
Amendment 338 #

2021/0214(COD)

Proposal for a regulation
Article 12 a (new)
Article 12 a Decisions taken by the CBAM Authority 1. The CBAM Authority shall, without delay, take any decision that is required to implement the provisions of this Regulation. 2. Any decision of the CBAM Authority shall take effect from the date of its notification to the addressee. 3. If the CBAM Authority considers that it does not have all the necessary information to take a decision, it shall contact the addressee and specify what additional information is required. The addressee shall submit the required information to the CBAM Authority without delay. 4. The addressee shall inform the CBAM Authority without delay of any changes to the information provided arising after the decision was taken, which may influence its continuation or content. In this case, the CBAM Authority shall reassess its decision in light of that information. 5. Any decision taken by the CBAM Authority which adversely affects the addressee shall set out the grounds on which it is based and shall include a reference to the right of appeal provided for in Article 27a. Before the decision is taken, the CBAM Authority shall give the addressee the opportunity to make its point of view known to the CBAM Authority within a given period of time. Following the expiry of that period, the addressee shall be notified of the decision in the appropriate form. 6. The CBAM Authority may, at any time, annul, revoke or amend its decision upon reasoned request by the addressee or on its own initiative, if appropriate. 7. The Commission shall specify, by means of implementing acts, any further detailed arrangement or procedural rule concerning the decision-making of the CBAM Authority. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 29.
2022/02/02
Committee: ECON
Amendment 339 #

2021/0214(COD)

Proposal for a regulation
Article 13 – paragraph 1
All information acquired by the competent aCBAM Authority in the course of performing its duty which is by its nature confidential or which is provided on a confidential basis shall be covered by an obligation of professional secrecy. Such information shall not be disclosed by the competent aCBAM Authority without the express permission of the person or authority that provided it. It may be shared with customs authorities, the Commission and the European Public Prosecutors Office and shall be treated in accordance with Council Regulation (EC) No 515/97.
2022/02/02
Committee: ECON
Amendment 341 #

2021/0214(COD)

Proposal for a regulation
Article 14 – title
14 NationalCBAM registriesy and central database
2022/02/02
Committee: ECON
Amendment 345 #

2021/0214(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. The competent authority of each Member StateCBAM Authority shall establish a nationalCBAM registry of declarants authorised in that Member Stateauthorised declarants in the form of a standardised electronic database containing the data regarding the CBAM certificates of those declarants, and to provide for confidentiality in accordance with the conditions set out in Article 13.
2022/02/02
Committee: ECON
Amendment 349 #

2021/0214(COD)

Proposal for a regulation
Article 14 – paragraph 2 – point d
(d) the number, the price of sale, the date of purchase, the date of surrender, or the date of re-purchase, or that of the cancellation by the competent aCBAM Authority, of CBAM certificates for each authorised declarant.
2022/02/02
Committee: ECON
Amendment 356 #

2021/0214(COD)

Proposal for a regulation
Article 14 – paragraph 4
4. The CommissionBAM Authority shall establish a central database accessible to the public containing the names, addresses and contact details of the operators and the location of installations in third countries in accordance with Article 10(2). An operator may choose not to have its name, address and contact details accessible to the public.
2022/02/02
Committee: ECON
Amendment 358 #

2021/0214(COD)

Proposal for a regulation
Article 15
1. The Commission shall act as central administrator to maintain an independent transaction log recording the purchase of CBAM certificates, their holding, surrender, re-purchase and cancellation and ensure coordination of national registries. 2. The central administrator shall carry out risk-based controls on transactions recorded in national registries through an independent transaction log to ensure that there are no irregularities in the purchase, holding, surrender, re-purchase and cancellation of CBAM certificates. 3. If irregularities are identified as a result of the controls carried out under paragraph 2, the Commission shall inform the Member State or Member States concerned for further investigation in order to correct the identified irregularities.Article 15 deleted Central administrator
2022/02/02
Committee: ECON
Amendment 365 #

2021/0214(COD)

Proposal for a regulation
Article 16 – title
Accounts in the nationalCBAM registriesy
2022/02/02
Committee: ECON
Amendment 367 #

2021/0214(COD)

Proposal for a regulation
Article 16 – paragraph 1
1. The competent aCBAM Authority shall assign to each authorised declarant a unique CBAM account number.
2022/02/02
Committee: ECON
Amendment 370 #

2021/0214(COD)

Proposal for a regulation
Article 16 – paragraph 3
3. The competent aCBAM Authority shall set up the account as soon as the authorisation referred to in Article 17(1) is granted and notify the authorised declarant thereof.
2022/02/02
Committee: ECON
Amendment 372 #

2021/0214(COD)

Proposal for a regulation
Article 16 – paragraph 4
4. If the authorised declarant has ceased its economic activity or its authorisation was revoked, the competent aCBAM Authority shall close the account of that declarant.
2022/02/02
Committee: ECON
Amendment 375 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 1 – introductory part
1. The competent aCBAM Authority shall authorise a declarant who submits an application for authorisation in accordance with Article 5(1), if the following conditions are fulfilled:
2022/02/02
Committee: ECON
Amendment 381 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 2
2. Where the competent aCBAM Authority finds that the conditions listed in paragraph 1 are not fulfilled, or where the applicant has failed to provide the information listed in Article 5(3), the authorisation of the declarant shall be refused.
2022/02/02
Committee: ECON
Amendment 385 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 3
3. If the competent aCBAM Authority refuses to authorise a declarant, the declarant requesting the authorisation may, prior to an appeal, object to the relevant authority under national law, who shall either instruct the national administrator to open the account or uphold the refusal in a reasoned decision, subject to requirements of national law that pursue a legitimate objective compatible with this Regulation and are proportionate.
2022/02/02
Committee: ECON
Amendment 388 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 4 – introductory part
4. A decision of the competent aCBAM Authority authorising a declarant shall contain the following information
2022/02/02
Committee: ECON
Amendment 391 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 6 – introductory part
6. The competent aCBAM Authority shall require the provision of a guarantee in order to authorise a declarant in accordance with paragraph 1, if the declarant was not established throughout the two financial years that precede the year when the application in accordance with Article 5(1) was submitted.
2022/02/02
Committee: ECON
Amendment 394 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 6 – subparagraph 1
The competent aCBAM Authority shall fix the amount of such guarantee at the maximum amount, as estimated by the competent aCBAM Authority, of the value of the CBAM certificates that the authorised declarant have to surrender, in accordance with Article 22.
2022/02/02
Committee: ECON
Amendment 397 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 7
7. The guarantee shall be provided as a bank guarantee, payable at first demand, by a financial institution operating in the Union or by another form of guarantee which provides equivalent assurance. Where the competent aCBAM Authority establishes that the guarantee provided does not ensure, or is no longer certain or sufficient to ensure the amount of CBAM obligations, it shall require the authorised declarant either to provide an additional guarantee or to replace the initial guarantee with a new guarantee, according to its choice.
2022/02/02
Committee: ECON
Amendment 400 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 8
8. The competent aCBAM Authority shall release the guarantee immediately after 31 May of the second year in which the authorised declarant has surrendered CBAM certificates in accordance with Article 22.
2022/02/02
Committee: ECON
Amendment 403 #

2021/0214(COD)

Proposal for a regulation
Article 17 – paragraph 9
9. The competent aCBAM Authority shall revoke the authorisation for a declarant who no longer meets the conditions laid down in paragraph 1, or who fails to cooperate with that authority.
2022/02/02
Committee: ECON
Amendment 410 #

2021/0214(COD)

Proposal for a regulation
Article 19 – paragraph 1
1. The competent aCBAM Authority may review the CBAM declaration within the period ending with the fourth year after the year in which the declaration should have been submitted. The review may consist in verifying the information provided in the CBAM declaration on the basis of the information communicated by the customs authorities in accordance with Article 25(2) and any other relevant evidence, and on the basis of any audit deemed necessary, including at the premises of the authorised declarant.
2022/02/02
Committee: ECON
Amendment 412 #

2021/0214(COD)

Proposal for a regulation
Article 19 – paragraph 2
2. Where a CBAM declaration in accordance with Article 6 has not been submitted, the competent authority of the Member State of establishment of the authorised declarantCBAM Authority shall assess the CBAM obligations of that declarant on the basis of the information at its disposal and calculate the total number of CBAM certificates due at the latest by the 31 December of the fourth year following that when the CBAM declaration should have been submitted.
2022/02/02
Committee: ECON
Amendment 414 #

2021/0214(COD)

Proposal for a regulation
Article 19 – paragraph 3
3. Where the competent aCBAM Authority has established that the declared number of CBAM certificates to be surrendered is incorrect, or that no CBAM declaration has been submitted pursuant to paragraph 2, it shall adjust the number of CBAM certificates due by the authorised declarant. The competent aCBAM Authority shall notify the authorised declarant of the adjustment and request that the authorised declarant shall surrender the additional CBAM certificates within one month.
2022/02/02
Committee: ECON
Amendment 417 #

2021/0214(COD)

Proposal for a regulation
Article 19 – paragraph 5
5. Where CBAM certificates have been surrendered in excess of the number due, the competent aCBAM Authority shall, without delay, reimburse the authorised declarant the value of CBAM certificates surrendered in excess, calculated at the average price paid for CBAM certificates by the authorised declarant during the year of import.
2022/02/02
Committee: ECON
Amendment 421 #

2021/0214(COD)

Proposal for a regulation
Article 20 – paragraph 1
1. The competent authority of each Member State shall sell CBAM certificates to declarants authorised in that Member StateCBAM Authority shall sell CBAM certificates to authorised declarants at the price calculated in accordance with Article 21.
2022/02/02
Committee: ECON
Amendment 423 #

2021/0214(COD)

Proposal for a regulation
Article 20 – paragraph 2
2. The competent aCBAM Authority shall ensure that each CBAM certificate is assigned a unique unit identification code upon its creation and shall register the unique unit identification number, the price and date of sale of the certificate in the nationalCBAM registry in the account of the authorised declarant purchasing it.
2022/02/02
Committee: ECON
Amendment 431 #

2021/0214(COD)

Proposal for a regulation
Article 22 – paragraph 1
1. By 31 May of each year, the authorised declarant shall surrender a number of CBAM certificates to the competent aCBAM Authority that corresponds to the embedded emissions declared in accordance with Article 6(2)(c) and verified in accordance with Article 8 for the calendar year preceding the surrender
2022/02/02
Committee: ECON
Amendment 432 #

2021/0214(COD)

Proposal for a regulation
Article 22 – paragraph 2
2. For the purposes of paragraph 1, the authorised declarant shall ensure that the required number of CBAM certificates is available on its account in the nationalCBAM registry. In addition, the authorised declarant shall ensure that the number of CBAM certificates on its account in the nationalCBAM registry at the end of each quarter corresponds to at least 80 per cent of the embedded emissions, determined by reference to default values in accordance with the methods set out in Annex III, in all goods it has imported since the beginning of the calendar year.
2022/02/02
Committee: ECON
Amendment 434 #

2021/0214(COD)

Proposal for a regulation
Article 22 – paragraph 3
3. Where the competent aCBAM Authority finds that the number of CBAM certificates in the account of an authorised declarant is not in compliance with the obligations pursuant to paragraph 2, second sentence, that authority shall notify the adjustment and request that the authorised declarant surrenders the additional CBAM certificates within one month.
2022/02/02
Committee: ECON
Amendment 436 #

2021/0214(COD)

Proposal for a regulation
Article 23 – paragraph 1
1. The competent aCBAM Authority of each Member State shall, on request by a declarantn authorised in that Member Statedeclarant, re-purchase the excess of CBAM certificates remaining on the account of the declarant in the nationalCBAM registry after the certificates have been surrendered in accordance with Article 22. The request to re-purchase shall be submitted by 30 June of each year when CBAM certificates were surrendered.
2022/02/02
Committee: ECON
Amendment 439 #

2021/0214(COD)

Proposal for a regulation
Article 24 – paragraph 1
By 30 June of each year, the competent authority of each Member StateCBAM Authority shall cancel any CBAM certificates that were purchased during the year before the previous calendar year and that remained in the accounts in the nationalCBAM registry of the declarants authorised in that Member Statedeclarants.
2022/02/02
Committee: ECON
Amendment 443 #

2021/0214(COD)

Proposal for a regulation
Article 25 – paragraph 1
1. The customs authorities shall not allow the importation of goods unless the declarant is authorised by a competent aCBAM Authority at the latest at the release for free circulation of the goods.
2022/02/02
Committee: ECON
Amendment 445 #

2021/0214(COD)

Proposal for a regulation
Article 25 – paragraph 2
2. The customs authorities shall periodically communicate information on the goods declared for importation, which shall include the EORI number and the CBAM account number of the declarant, the 8-digit CN code of the goods, the quantity, the country of origin, the date of declaration and the customs procedure, to the competent authority of the Member State where the declarant has been authorisedCBAM Authority.
2022/02/02
Committee: ECON
Amendment 447 #

2021/0214(COD)

Proposal for a regulation
Article 25 – paragraph 4
4. The customs authorities may communicate in accordance with Article 12(1) of Regulation (EU) No 952/2013, confidential information acquired by the customs authorities in the course of performing their duty or provided on a confidential basis, to the competent authority of the Member State where the declarant has been authorised. The competent authorities of the Member StatesCBAM Authority. The CBAM Authority shall treat and exchange this information in accordance with Council Regulation (EC) No 515/97.
2022/02/02
Committee: ECON
Amendment 452 #

2021/0214(COD)

Proposal for a regulation
Article 26 – paragraph 3
3. Payment of the penalty shall in no case release the authorised declarant from the obligation to surrender the outstanding number of CBAM certificates in a given year to the competent authority of the Member State where the declarant has been authorisedCBAM Authority.
2022/02/02
Committee: ECON
Amendment 453 #

2021/0214(COD)

Proposal for a regulation
Article 26 – paragraph 4 – introductory part
4. If the competent aCBAM Authority determines that an authorised declarant has failed to comply with the obligation to surrender CBAM certificates as specified in paragraph 1, or that a person has introduced goods into the customs territory of the Union as specified in paragraph 2, the competent aCBAM Authority shall impose the penalty and notify the authorised declarant or, in the situation under paragraph 2, the person:
2022/02/02
Committee: ECON
Amendment 456 #

2021/0214(COD)

Proposal for a regulation
Article 26 – paragraph 4 – point a
(a) that the competent aCBAM Authority has concluded that the authorised declarant or the person fails to comply with the obligation of surrendering CBAM certificates for a given year;
2022/02/02
Committee: ECON
Amendment 457 #

2021/0214(COD)

(e) of the action the competent aCBAM Authority considers the authorised declarant or the person should take to comply with its obligation under point (a) depending on the facts and circumstances of the case; and
2022/02/02
Committee: ECON
Amendment 458 #

2021/0214(COD)

Proposal for a regulation
Article 26 – paragraph 4 – point f
(f) of the right of the authorised declarant or of the person to appeal under national rules.
2022/02/02
Committee: ECON
Amendment 461 #

2021/0214(COD)

Proposal for a regulation
Article 26 – paragraph 5
5. Member StatesThe CBAM Authority may decide to suspend the account of the declarant in case of repeated offences. The CBAM Authority may apply administrative or criminal sanctions for failure to comply with the CBAM legislation in accordance with their national rules in addition to penalties referred to in paragraph 2. Such sanctions shall be effective, proportionate and dissuasive.
2022/02/02
Committee: ECON
Amendment 493 #

2021/0214(COD)

Proposal for a regulation
Article 27 a (new)
Article 27 a Appeals against decisions taken by the CBAM Authority 1. An appeal shall lie from decisions of the CBAM Authority that adversely affect any interested person, including decisions on penalties, circumvention and actual emission values. Those decisions shall take effect only as from the date of expiration of the appeal period of two months. The filing of the appeal shall have suspensive effect. 2. Any party to proceedings adversely affected by a decision may appeal. Any other parties to the proceedings shall be parties to the appeal proceedings as of right. 3. The Board of Appeal shall be newly set up and consist of three full members, to be respectively appointed by the Council, by the European Parliament and by the Commission. The chair will be appointed by the Council. 4. The Commission shall adopt delegated acts pursuant to Article 28, to define the composition, the appointment and the procedures of the Board of Appeal with a view to assure the independence of its members, including during the transitional period. During the transitional period the Commission will hold the functions of the Board of Appeal.
2022/02/02
Committee: ECON
Amendment 494 #

2021/0214(COD)

Proposal for a regulation
Article 27 b (new)
Article 27 b Examination of appeals 1. The Board of Appeal shall examine whether the appeal is admissible. 2. In the examination of the appeal, the Board of Appeal shall invite the parties, as often as necessary, to file observations, within a period to be fixed by the Board of Appeal, on communications from the other parties or issued by itself. 3. Following the examination as to the admissibility of the appeal, the Board of Appeal shall decide on the appeal. The Board of Appeal may either exercise any power within the competence of the CBAM Authority or remit the case to the latter for further prosecution. 4. If the Board of Appeal remits the case for further prosecution to the CBAM Authority, the latter shall be bound by the line of reasoning of the Board of Appeal, in so far the facts are the same. The decisions of the Board of Appeal shall take effect only as from the date of expiry of a period of two months after the communication of the decision or, if an action has been brought before the General Court within that period, as from the date of dismissal of such action or of any appeal filed with the Court of Justice against the decision of the General Court.
2022/02/02
Committee: ECON
Amendment 495 #

2021/0214(COD)

Proposal for a regulation
Article 27 c (new)
Article 27 c Actions before the Court of Justice 1. Actions may be brought before the General Court against decisions of the Boards of Appeal in relation to appeals. 2. Actions may be brought before the General Court against any decision of the CBAM Authority. In this case administrative appeal under Article 27b will be precluded. 3. The action may be brought on grounds of lack of competence, infringement of an essential procedural requirement, infringement of the TFEU, infringement of this Regulation or of any rule of law relating to their application or misuse of power. 4. The General Court shall have jurisdiction to annul or to alter the contested decision. 5. The action shall be open to any party to proceedings before the Board of Appeal adversely affected by its decision. 6. The action shall be brought before the General Court within two months of the date of notification of the decision of the Board of Appeal in case of action under paragraph 1 of this Article and within two month of the date of the notification of the decision of the CBAM Authority in case of actions under paragraph 2 of this Article. 7. The CBAM Authority shall take the necessary measures to comply with the judgment of the General Court or, in the event of an appeal against that judgment, the Court of Justice.
2022/02/02
Committee: ECON
Amendment 497 #

2021/0214(COD)

Proposal for a regulation
Article 28 – paragraph 2
2. The power to adopt delegated acts referred to in Articles 2(10), 2(11), 18(32(12a), 18(3), 27(5) and 27(5a(4) shall be conferred on the Commission for an indeterminate period of time.
2022/02/02
Committee: ECON
Amendment 499 #

2021/0214(COD)

Proposal for a regulation
Article 28 – paragraph 3
3. The delegation of power referred to in Articles 2(10), 2(11), 18(32(12a), 18(3), 27(5) and 27(5a(4) may be revoked at any time by the European Parliament or by the Council.
2022/02/02
Committee: ECON
Amendment 501 #

2021/0214(COD)

Proposal for a regulation
Article 28 – paragraph 7
7. A delegated act adopted pursuant to Articles 2(10), 2(11), 18(32(12a), 18(3), 27(5) and 27(5a(4) 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 to 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.
2022/02/02
Committee: ECON
Amendment 503 #

2021/0214(COD)

Proposal for a regulation
Article 30 – paragraph 1
1. The Commission shall collect the information necessary with a view to extending the scope of this Regulation to indirect emissions and goods other than those listed in Annex I, such as downstream products using goods covered by this Regulation, and develop methods of calculating embedded emissions based on environmental footprint methods.
2022/02/02
Committee: ECON
Amendment 504 #

2021/0214(COD)

Proposal for a regulation
Article 30 – paragraph 1
1. The Commission shall collect the information necessary with a view to extending the scope of this Regulation to indirect emissions and goods other, transportation services such as air transport, manufacturing of transport equipment such as ship hulls and floating structures, and other goods than those listed in Annex I, and develop methods of calculating embedded emissions based on environmental footprint methods.
2022/02/02
Committee: ECON
Amendment 511 #

2021/0214(COD)

Proposal for a regulation
Article 30 – paragraph 2
2. Before the end of the transitional period, the Commission shall present a report, based on the information collected under paragraph 1, to the European Parliament and the Council on the application of this Regulation. The report shall contain, in particular, the assessment of the possibilities to further extend the scope of embedded emissions to indirect emissions and to other goods at risk of carbon leakage than those already covered by this Regulation, as well as an assessment of the governance system. It shall also contain the assessment of the possibility to further extend the scope to embedded emissions of transportation services as well asf the assessment shows that other sectors need to be included in the scope of this Regulation to goods further down the value chain and transportation services that may be subject to the risk of carbon leakage in the future, the report by the Commission shall be accompanied by a legislative proposal to extend the scope to these sectors.
2022/02/02
Committee: ECON
Amendment 512 #

2021/0214(COD)

Proposal for a regulation
Article 30 – paragraph 2
2. Before the end of the transitional period, or at any moment at the request of the European Parliament, the Council or the CBAM Authority, the Commission shall present a report to the European Parliament and the Council on the application of this Regulation. The report shall contain, in particular, the assessment of the possibilities to further extend the scope of embedded emissions to indirect emissions and to other goods at risk of carbon leakage than those already covered by this Regulation, as well as an assessment of theapplication of this Regulation to goods resulting from activities listed in Directive 2003/87/EC other than those already covered by this Regulation, as well as an assessment of the state of implementation of the Regulation, including how it is fulfilling its objectives, and its governance system. It shall also contain the assessment of the possibility to further extend the scope to embedded emissions of transportation services as well as to goods further down the value chain andnd other services that may be subject to the risk of carbon leakage in the future as well as to goods further down the value chain, in particular downstream products using goods covered by this Regulation.
2022/02/02
Committee: ECON
Amendment 524 #

2021/0214(COD)

Proposal for a regulation
Article 30 – paragraph 3 a (new)
3a. Without prejudice to paragraph 2, the report presented before the end of the transitional period shall contain a calendar to extend the scope of this Regulation to the rest of sectors listed in Commission Delegated Decision (EU) 2019/708. Such calendar must be binding and contain specific dates for implementation.
2022/02/02
Committee: ECON
Amendment 528 #

2021/0214(COD)

Proposal for a regulation
Chapter IX – title
IX Coordination with free allocation of allowancecarbon leakage provisions under the EU ETS
2022/02/02
Committee: ECON
Amendment 532 #

2021/0214(COD)

Proposal for a regulation
Article 31 – paragraph 1 a (new)
1a. The implementation of the CBAM shall trigger the phasing-out of the free allocation of allowances until they are completely eliminated, following an appropriate transition while maintaining WTO-compliance. This phase out shall be gradual, starting from a low level and accelerating significantly once the CBAM has proven its effectiveness.
2022/02/02
Committee: ECON
Amendment 534 #

2021/0214(COD)

Proposal for a regulation
Article 31 a (new)
Article 31 a Financial measures to compensate for indirect emission costs 1. The sectors covered by this Regulation will cease to qualify for the provisions under Article 10a(6) and 10(b) of Directive 2003/87/EC. The Commission shall adjust those financial measures with a view to gradually phasing them out as CBAM is phased in. The Commission shall ensure the phase out design guarantees a level playing field for the EU industry. 2. The Commission is empowered to adopt implementing acts laying down a calculation methodology for the phase out referred to in paragraph 1. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 29(2).
2022/02/02
Committee: ECON
Amendment 535 #

2021/0214(COD)

Proposal for a regulation
Article 33 – paragraph 3
3. The customs authorities shall, by means of the surveillance mechanism established pursuant to Article 56(5) of Regulation (EU) No 952/2013, communicate to the competent authority of the Member State of importationCBAM Authority information on imported goods, including processed products resulting from the outward processing procedure. Such information shall include the EORI number of the declarant, the 8-digit CN code, the quantity, the country of origin and the declarant of the goods, the date of declaration and the customs procedure.
2022/02/02
Committee: ECON
Amendment 536 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 1
1. Each declarant shall, for each quarter of a calendar year, submit a report (‘CBAM report’) containing information on the goods imported during that quarter, to the competent authority of the Member State of importation or, if goods have been imported to more than one Member State, to the competent authority of the Member State at the declarant’s choiceCBAM Authority, no later than one month after the end of each quarter.
2022/02/02
Committee: ECON
Amendment 539 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 3
3. The competent aCBAM Authority shall communicate the information referred to in paragraph 2 to the Commission at the latest two months after the end of the quarter covered by a report.
2022/02/02
Committee: ECON
Amendment 541 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 4
4. The competent aCBAM Authority shall impose a proportionate and dissuasive penalty on declarants who fail to submit a CBAM report.
2022/02/02
Committee: ECON
Amendment 542 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 5 – introductory part
5. If the competent aCBAM Authority determines that a declarant has failed to comply with the obligation to submit a CBAM report as specified in paragraph 1, the competent aCBAM Authority shall impose the penalty and notify the declarant:
2022/02/02
Committee: ECON
Amendment 543 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 5 – point a
(a) that the competent aCBAM Authority has concluded that the declarant fails to comply with the obligation of submitting a report for a given quarter;
2022/02/02
Committee: ECON
Amendment 544 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 5 – point e
(e) of the action the competent aCBAM Authority considers the declarant should take to comply with its obligation under point (a) depending on the facts and circumstances of the case; and
2022/02/02
Committee: ECON
Amendment 545 #

2021/0214(COD)

Proposal for a regulation
Article 35 – paragraph 5 – point f
(f) of the right of the declarant or to appeal under national rules.
2022/02/02
Committee: ECON
Amendment 553 #

2021/0214(COD)

Proposal for a regulation
Annex IV – Part 1 – point 1 – point b
(b) the unique identifier assigned by the competent national aCBAM Authority;
2022/02/02
Committee: ECON
Amendment 554 #

2021/0214(COD)

Proposal for a regulation
Annex V – Part 1 – paragraph 1 – point d – paragraph 1
For parameters for which no such thresholds are defined, the verifier shall use expert judgement to whether misstatements, individually or when aggregated with other misstatements, justified by their size and nature, have to be considered material, i.e. and could affect the use of the report by the intended users, in particular the competent national aCBAM Authoritiesy.
2022/02/02
Committee: ECON
Amendment 47 #

2021/0213(CNS)

Proposal for a directive
Recital 5 a (new)
(5 a) Member States should earmark the revenues obtained by taxation of kerosene and bunker oil in order to support sustainable investments in the aviation and maritime sector and to assist these sectors to achieve the goals of the European Green Deal. For the inland waterway sector, the relevant tax revenues can be a financing source for the European Inland Waterway Fund.1a This Fund should include a one-stop-shop system that is easily accessible for help and assistance and has the possibility to combine projects into a single application, thus increasing the chances for funding. The Fund should complement the existing reserve funds created under Regulation (EU) No 546/2014, with additional financial contributions from EU and national financing instruments, in order to leverage further investments from the industry and to address the current investment gap approaching 10 billion euros in financing the sustainable transition.1b The Fund should provide for the possibility of blending with the CEF, the European Structural and Investment Funds, including the Cohesion Fund, and financing instruments from the European Investment Bank. _________________ 1a European Parliament resolution of 14 September 2021 towards future-proof inland waterway transport in Europe (2021/2015(INI)), p.14; European Commission Communication 'NAIADES III' (COM(2021) 324), p. 13 1b Development Centre for Ship Technology and Transport Systems (DST), Assessment of technologies in view of zero-emission IWT’, part of the overarching study by the Central Commission for the Navigation of the Rhine entitled Financing the energy transition towards a zero-emission European IWT sector, Report No 2293, p. 95.
2022/03/16
Committee: TRAN
Amendment 62 #

2021/0213(CNS)

Proposal for a directive
Recital 20 a (new)
(20 a) In order to maintain the level playing field and prevent both business and carbon leakage, the amount of fuel used for navigation within EU-waters should be taxed rather than the amount of heavy oil bunkered in EU ports.
2022/03/16
Committee: TRAN
Amendment 69 #

2021/0213(CNS)

Proposal for a directive
Recital 22
(22) In order to ensure a smooth implementation of this Directive, the minimum levels of taxation for motor fuels used for intra-EU non-business and non- pleasure flights would be reached over a transitional period of ten years, whereas sustainable alternative fuels and electricity would be subject to a zero minimum rate for ten years. Energy products and electricity used for intra-EU business aviation and pleasure flights should be subject to the standard levels of taxation applicable to motor fuels and electricity in the Member States. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 77 #

2021/0213(CNS)

Proposal for a directive
Recital 23
(23) Fuel used for waterborne navigation, including fishing, should also be taxed, and the Member States party to international agreements providing for the exemption of that fuel, have to, by the date of the application of this Directive, ensure they eliminate the incompatibilities. It is necessary to allow for a different level of taxation to be applied to the use of energy products and electricity for intra-EU waterborne regular service navigation, fishing and freight transport and their respective at berth activities. Considering the specificity of those uses, the minimum levels of taxation should be lower than the ones applicable to general motor fuel use. In order to provide an incentive to the use of sustainable alternative fuels and electricity, such fuels and electricity should be exempted from taxation for ten years. Energy products and electricity used for the remaining intra-EU waterborne navigation should be subject to the standard levels of taxation applicable to motor fuels and electricity in the Member States. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 110 #

2021/0213(CNS)

Proposal for a directive
Recital 5 a (new)
(5 a) Member States should earmark the revenues obtained by taxation of kerosene and bunker oil in order to support sustainable investments in the aviation and maritime sector and to assist these sectors to achieve the goals of the European Green Deal. For the inland waterway sector, the relevant tax revenues can be a financing source for the European Inland Waterway Fund.1a This Fund should include a one-stop-shop system that is easily accessible for help and assistance and has the possibility to combine projects into a single application, thus increasing the chances for funding. The Fund should complement the existing reserve funds created under Regulation (EU) No 546/2014, with additional financial contributions from the Union and national financing instruments, in order to leverage further investments from the industry and to address the current investment gap approaching EUR 10 billion in financing the sustainable transition.1b The Fund should provide for the possibility of blending with the CEF, the European Structural and Investment Funds, including the Cohesion Fund, and financing instruments from the European Investment Bank. _________________ 1a European Parliament resolution of 14 September 2021 towards future-proof inland waterway transport in Europe (2021/2015(INI)), p.14; European Commission Communication 'NAIADES III' (COM(2021) 324), p. 13 1b Development Centre for Ship Technology and Transport Systems (DST), Assessment of technologies in view of zero-emission IWT’, part of the overarching study by the Central Commission for the Navigation of the Rhine entitled Financing the energy transition towards a zero-emission European IWT sector, Report No 2293, p. 95.
2022/04/08
Committee: ECON
Amendment 112 #

2021/0213(CNS)

Proposal for a directive
Article 7 – paragraph 2
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table A of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply until 1 January 2033.. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 116 #

2021/0213(CNS)

Proposal for a directive
Article 8 – paragraph 1 – subparagraph 1
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table B of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply until 1 January 2033.permanently. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 119 #

2021/0213(CNS)

Proposal for a directive
Article 9 – paragraph 2
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table C of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply until 1 January 2033.permanently. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 119 #

2021/0213(CNS)

Proposal for a directive
Recital 13
(13) As a general principle, Member States should apply to energy products and electricity levels of taxation not less than the minimum levels of taxation as set out by the Directive in order to generate a level playing field between Member States as well as competitiveness. Member States should be permitted to comply with the Union minimum taxation levels by taking into account the total charge levied in respect of all indirect taxes which they have chosen to apply (excluding VAT).
2022/04/08
Committee: ECON
Amendment 127 #

2021/0213(CNS)

Proposal for a directive
Article 14 – paragraph 1 – subparagraph 2
The minimum levels of taxation referred to in the first subparagraph shall start from zero and increase each year by one tenth of the final minimum rates, set out in Tables A and D of Annex I, over a transitional period of ten years. A minimum rate of zero shall apply to sustainable biofuels and biogas, low-carbon fuels, renewable fuels of non-biological origin, advanced sustainable biofuels and biogas, and electricity over that transitional period of ten years.. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 127 #

2021/0213(CNS)

Proposal for a directive
Recital 17 a (new)
(17 a) Energy taxation should only apply to final consumption, and neither energy use within the energy value chain nor any form of conversion or storage should be taxed. That principle should apply to all forms of energy-conversion processes and to energy products and electricity used for the transport and storage of energy products and electricity. In that context, conversion should be understood as the process of converting one form of energy into another, such as using natural gas to generate electricity or producing hydrogen from electricity or natural gas.
2022/04/08
Committee: ECON
Amendment 131 #

2021/0213(CNS)

Proposal for a directive
Recital 19
(19) The need to pursue the objectives of the Directive requires that no distinction is made between commercial andMember States may need to differentiate between commercial and non- commercial diesel. Member States should have the option to use that possibility to reduce the gap between the taxation of non-commercial diegas oil useld as well aspropellant and petrol. It should be possible to treat business use and non-business use for heating fuels and electricity. of energy products and electricity differently for tax purposes.
2022/04/08
Committee: ECON
Amendment 136 #

2021/0213(CNS)

Proposal for a directive
Article 14 – paragraph 5 a (new)
5 a. The revenues generated shall be earmarked by the Member States and used to support projects and investments in the aviation sector. The eligible projects and investments shall focus on energy efficiency, energy transition, sustainable and circular airports, innovative technologies and the deployment of alternative fuels infrastructure, supporting the decarbonisation of the sector.
2022/03/16
Committee: TRAN
Amendment 137 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 1 – introductory part
1. Without prejudice to Article 5, Member states shall apply, as a single use, under fiscal control not less than minimum levels of taxation as set out in Tables B and D of Annex I to energy products supplied for use as fuel to vessels, and to electricity used directly for charging electric vessels, for the purposes of intra-EU waterborne regular service navigation, fishing and freight transport. The Commission shall establish by means of a delegated or implementing act a calculation mechanism to tax the amount of fuel consumed within EU-waters, based on MRV reporting.1a _________________ 1a Regulation (EU) 2015/757 of the European Parliament and of the Council on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport, and amending directive 2009/16/EC.
2022/03/16
Committee: TRAN
Amendment 140 #

2021/0213(CNS)

Proposal for a directive
Recital 20 a (new)
(20 a) In order to ensure connectivity, air and water navigation remain important sectors. However, in order to remain competitive internationally and create a level playing field, an international approach to energy taxation should be considered.
2022/04/08
Committee: ECON
Amendment 141 #

2021/0213(CNS)

Proposal for a directive
Recital 20 a (new)
(20 a) In order to maintain the level playing field and prevent both business and carbon leakage, the amount of fuel used for navigation within Union waters will be taxed rather than the amount of heavy oil bunkered in Union ports.
2022/04/08
Committee: ECON
Amendment 143 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 1 – subparagraph 2
Over a transitional period of ten years, mMinimum rates of zero shall apply to sustainable biofuels and biogas, low- carbon-fuels, renewable fuels of non- biological origin, advanced sustainable biofuels and biogas and electricity. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 146 #

2021/0213(CNS)

(22) In order to ensure a smooth implementation of this Directive, the minimum levels of taxation for motor fuels used for intra-EU non-business and non- pleasure flights would be reached over a transitional period of ten years, whereas sustainable alternative fuels and electricity would be subject to a zero minimum rate for ten years. Energy products and electricity used for intra-EU business aviation and pleasure flights should be subject to the standard levels of taxation applicable to motor fuels and electricity in the Member States.
2022/04/08
Committee: ECON
Amendment 149 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 1 – subparagraph 5
For the purposes of this Article, ‘freight transport’ shall mean a scheduled or non- scheduled service performed by vessel carrying revenue loads other than revenue passengers, excluding voyages carrying one or more revenue passengers and voyages listed in published timetables as open to passengers. This shall include voyages that are normally used for freight transport, but for logistical reasons do not carry revenue loads. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 155 #

2021/0213(CNS)

Proposal for a directive
Recital 23
(23) Fuel used for waterborne navigation, including fishing, should also be taxed, and the Member States party to international agreements providing for the exemption of that fuel, have to, by the date of the application of this Directive, ensure they eliminate the incompatibilities. It is necessary to allow for a different level of taxation to be applied to the use of energy products and electricity for intra-EU waterborne regular service navigation, fishing and freight transport and their respective at berth activities. Considering the specificity of those uses, the minimum levels of taxation should be lower than the ones applicable to general motor fuel use. In order to provide an incentive to the use of sustainable alternative fuels and electricity, such fuels and electricity should be exempted from taxation for ten years. Energy products and electricity used for the remaining intra- EU waterborne navigation should be subject to the standard levels of taxation applicable to motor fuels and electricity in the Member States.
2022/04/08
Committee: ECON
Amendment 157 #

2021/0213(CNS)

(23 a) In line with the proposal for a Regulation on the deployment of alternative fuels infrastructure and the proposal for a Regulation on the use of renewable and low-carbon fuels in maritime transport, this Directive should promote the cost-efficient deployment of installations and the use of shore-side electricity by providing a permanent tax exemption to shore-side electricity, thereby setting the right incentives.
2022/04/08
Committee: ECON
Amendment 158 #

2021/0213(CNS)

5. Member States mayshall apply under fiscal control total or partial exemptions to electricity directly supplied to vessels berthed in ports. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/03/16
Committee: TRAN
Amendment 161 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 5 a (new)
5 a. The revenues related to maritime transport shall be earmarked by the Member States and used to support projects and investments in the maritime sector. The eligible projects and investments shall focus on energy efficiency, energy transition, sustainable and circular ports, innovative technologies and the deployment of alternative fuels infrastructure, supporting the decarbonisation of the sector.
2022/03/16
Committee: TRAN
Amendment 162 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 5 b (new)
5 b. The revenues related to inland waterway transport shall be used to set up a dedicated EU inland waterway fund. The eligible projects and investments shall focus on ship retrofitting and renewal in order to improve the energy efficiency of ships and support investments in innovative and energy-saving technologies as well as port infrastructure, such as the deployment of alternative fuels, supporting the decarbonisation of the sector.
2022/03/16
Committee: TRAN
Amendment 171 #

2021/0213(CNS)

Proposal for a directive
Recital 26
(26) In particular, highly efficient combined heat and power generation and, in order to promote the use of alternative energy sources, renewable forms of energy may qualify for preferential treatment. It is desirable to establish a Union framework to allow Member States to exempt or reduce excise duties so as to promote biofuels, thereby contributing to the better functioning of the internal market and affording Member States and economic operators a sufficient degree of legal certainty. Distortions of competition should be limited and the incentive of a reduction in the basic costs for producers and distributors of biofuels should be maintained through, inter alia, the adjustments by Member States taking into account changes in raw material prices.
2022/04/08
Committee: ECON
Amendment 173 #

2021/0213(CNS)

Proposal for a directive
Recital 27
(27) Targeted exemptions or reductions in the tax level may prove necessary to incentivise the achievement of environmental protection objectives and, the improvements in energy efficiency and the international competitiveness of the Union productive sector.
2022/04/08
Committee: ECON
Amendment 178 #

2021/0213(CNS)

Proposal for a directive
Recital 28
(28) Targeted exemptions or reductions in the tax level may prove necessary to tackle the social impact of energy taxes. An exemption from taxation may temporarily prove necessary to protect vulnerable households recognised as lower and middle income by Member States.
2022/04/08
Committee: ECON
Amendment 179 #

2021/0213(CNS)

Proposal for a directive
Recital 28
(28) TargetedCertain exemptions or reductions in the tax level may prove necessary to tackle the social imp; notably because of the lactk of energy taxes. An exemption from taxation may temporarily prove necessary to protect vulnerable householda stronger harmonisation at the Union level, because of the risks of a loss of international competitiveness or because of social or environmental considerations.
2022/04/08
Committee: ECON
Amendment 192 #

2021/0213(CNS)

Proposal for a directive
Article 31 – paragraph 1
Every five years and for the first time five years after 1 January 2023, the Commission shall submit to the Council and the European Parliament a report on the application of this Directive.
2022/03/16
Committee: TRAN
Amendment 203 #

2021/0213(CNS)

Proposal for a directive
Article 2 – paragraph 1 – point o
(o) falling within CN codes 4401 and 4402, if these are intended for use as heating fuel in installations with a total rated thermal input equal to or exceeding 5 MW.deleted
2022/04/08
Committee: ECON
Amendment 212 #

2021/0213(CNS)

Proposal for a directive
Article 2 – paragraph 5 – point b
b) ‘low-carbon fuels’ shall mean low- carbon hydrogenfossil-based hydrogen with carbon capture and synthetic gaseous and liquid fuels the energy content of which is derived from fossil-based hydrogen with carbon capture low-carbon hydrogen, as well as any fossil-based fuels, which meet the technical screening criteria for determining the conditions under which a specific economic activity qualifies as contributing substantially to climate change mitigation according to Article 10 of Regulation (EU) 2020/852 of the European Parliament and of the Council436 and Annex I to Delegated Regulation (EU) […]/[…]37 44. ‘Recycled Carbon Fuels’, as defined by Article 2(35) of Directive (EU) 2018/2001, shall be included in this category. _________________ 36 Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13) 37 Commission Delegated Regulation (EU) […]/[...] supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives, C/2021/2800 final (OJ […], p.[…]).
2022/04/08
Committee: ECON
Amendment 215 #

2021/0213(CNS)

Proposal for a directive
Article 3 – paragraph 1 – point b – indent 2 – paragraph 1
An energy product has a dual use when it is used both as heating fuel and for purposes other than as motor fuel and heating fuel. The use of energy products for chemical reduction and in electrolytic, mineralogical and metallurgical processes, including various hydrogen production methods, such as methane pyrolysis or carbon capture, storage and utilisation, when energy products are used directly in or to provide a direct energy input to the process, or their consumption is connected to the process, shall be regarded as dual use,
2022/04/08
Committee: ECON
Amendment 219 #

2021/0213(CNS)

Proposal for a directive
Article 3 – paragraph 1 – point b – indent 3
— electricity used principally for the purposes of chemical reduction and in electrolytic, mineralogical and metallurgical processes, when electricity is used directly in or to provide a direct energy input to the process, or its consumption is connected to the process,
2022/04/08
Committee: ECON
Amendment 226 #

2021/0213(CNS)

Proposal for a directive
Article 5 – paragraph 1 – introductory part
1. Member States shall ensure that where equalProvided that they respect the minimum levels of taxation apre laid down in Annex I in relation to a given use, equal levels of taxation are fixed for products put to that use. Member States shall also replicate at any time the ranking of minimum levels of taxation as laid down in Annex I in relation to difscribed by this Directive and that they are compatible with Community law, differentiated rates of taxation may be applied by Member States, under fiscal control, in the following cases: – between business and non-business use, for energy products and electricity referrent products for each given used to in Articles 9 and 10.
2022/04/08
Committee: ECON
Amendment 232 #

2021/0213(CNS)

Proposal for a directive
Article 5 – paragraph 2
2. The minimum levels of taxation laid down in this Directive shall be adapted every year starting from 1 January 2024 to take account of the changes in the harmonised index of consumer prices excluding energy and unprocessed food as published by Eurostat. The minimum levels shall be adapted automatically, by increasing or decreasing the base amount in euro by the percentage change in that index over the preceding calendar year. The Commission is empowered to adopt delegated acts in accordance with Article 29 to amend the minimum levels of taxation as referred to in the first subparagraph.deleted
2022/04/08
Committee: ECON
Amendment 233 #

2021/0213(CNS)

Proposal for a directive
Article 5 – paragraph 2 – introductory part
2. TWhe minimum levels of taxation laid down in this Directive shall be adapted every year starting from 1 January 2024 to take account of the changes in the harmonised index of consumer prices excluding energy and unprocessed food as published by Eurostat. The minimum levels shall be adapted automatically, by increasing or decreasing the base amount in euro by the percentage change in thare a transitional period is applicable as provided for in Annex I, the Commission shall assess the need to prolong the transitional period. The Commission shall therefore keep the minimum levels of taxation as laid down in this Directive under review in line with Article 31.In its assessment the Commission shall give particular consideration to the technological and market maturity of alternative energy carriers, as well as taking into account assessments from Member States that demonstrate that cleaner alternatives are not readily available on the market iandex over the pr are not expecteding calendar year to be available in the short term.
2022/04/08
Committee: ECON
Amendment 234 #

2021/0213(CNS)

Proposal for a directive
Article 5 – paragraph 2 – introductory part
2. The minimum levels of taxation laid down in this Directive shall be adapted every year starting from 1 January 2024 to take account of the changes shall be adapted , on the basis of transparent and holistic assessment taking the harmonised index of consumer prices excluding energy and unprocessed food as published by Eurostat. The minimum levels shall be adapted automaticallyrisk of loss of international competitiveness fully into account, by increasing or decreasing the base amount in euro by the percentage change in that index over the preceding calendar year.
2022/04/08
Committee: ECON
Amendment 239 #

2021/0213(CNS)

Proposal for a directive
Article 7 – paragraph 2
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table A of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply. until 1 January 2033.
2022/04/08
Committee: ECON
Amendment 245 #

2021/0213(CNS)

Proposal for a directive
Article 8 – paragraph 1 – subparagraph 1
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table B of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply until 1 January 2033permanently.
2022/04/08
Committee: ECON
Amendment 250 #

2021/0213(CNS)

Proposal for a directive
Article 9 – paragraph 2
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table C of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply until 1 January 2033permanently.
2022/04/08
Committee: ECON
Amendment 256 #

2021/0213(CNS)

Proposal for a directive
Article 13 – paragraph 2 a (new)
2 a. Without prejudice to other Union provisions, Member States may apply under fiscal control exemptions or reductions in the level of taxation to energy products and electricity used for high-efficiency cogeneration.´
2022/04/08
Committee: ECON
Amendment 265 #

2021/0213(CNS)

Proposal for a directive
Article 14 – paragraph 1 – subparagraph 2
The minimum levels of taxation referred to in the first subparagraph shall start from zero and increase each year by one tenth of the final minimum rates, set out in Tables A and D of Annex I, over a transitional period of ten years. A minimum rate of zero shall apply to sustainable biofuels and biogas, low-carbon fuels, renewable fuels of non-biological origin, advanced sustainable biofuels and biogas, and electricity over that transitional period of ten years.
2022/04/08
Committee: ECON
Amendment 266 #

2021/0213(CNS)

Proposal for a directive
Article 14 – paragraph 1 – subparagraph 2
The minimum levels of taxation referred to in the first subparagraph shall start from zero and increase each year by one tenth of the final minimum rates, set out in Tables A and D of Annex I, over a transitional period of ten years. A minimum rate of zero shall apply to sustainable biofuels and biogas, low-carbon fuels, renewable fuels of non-biological origin, advanced sustainable biofuels and biogas, and electricity over that transitional period of ten years.
2022/04/08
Committee: ECON
Amendment 283 #

2021/0213(CNS)

Proposal for a directive
Article 14 – paragraph 5 a (new)
5 a. The revenues generated shall be earmarked by the Member States and used to support projects and investments in the aviation sector. The eligible projects and investments should focus on energy efficiency, energy transition, sustainable and circular airports, innovative technologies and the deployment of alternative fuels infrastructure, supporting the decarbonisation of the sector.
2022/04/08
Committee: ECON
Amendment 286 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 1 – introductory part
1. Without prejudice to Article 5, Member states shall apply, as a single use, under fiscal control not less than minimum levels of taxation as set out in Tables B and D of Annex I to energy products supplied for use as fuel to vessels, and to electricity used directly for charging electric vessels, for the purposes of intra-EU waterborne regular service navigation, fishing and freight transport. The Commission shall establish by means of a delegated act a calculation mechanism to tax the amount of fuel consumed within EU-waters, based on MRV reporting.1a _________________ 1a Regulation (EU) 2015/757 of the European Parliament and of the Council on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport, and amending directive 2009/16/EC.
2022/04/08
Committee: ECON
Amendment 289 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 1 – subparagraph 2
Over a transitional period of ten years, mMinimum rates of zero shall apply to sustainable biofuels and biogas, low- carbon-fuels, renewable fuels of non- biological origin, advanced sustainable biofuels and biogas and electricity.
2022/04/08
Committee: ECON
Amendment 292 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 1 – subparagraph 5
For the purposes of this Article, ‘freight transport’ shall mean a scheduled or non- scheduled service performed by vessel carrying revenue loads other than revenue passengers, excluding voyages carrying one or more revenue passengers and voyages listed in published timetables as open to passengers. This shall include voyages that are normally used for freight transport, but for logistical reasons do not carry revenue loads. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
2022/04/08
Committee: ECON
Amendment 296 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 5
5. Member States mayshall apply under fiscal control total or partial exemptions to electricity directly supplied to vessels berthed in ports.
2022/04/08
Committee: ECON
Amendment 298 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 5 a (new)
5 a. The revenues related to inland waterway transport shall be used to set up a dedicated EU inland waterway fund. The eligible projects and investments shall focus on ship retrofitting and renewal in order to improve the energy efficiency of ships and support investments in innovative and energy-saving technologies as well as port infrastructure, such as the deployment of alternative fuels, supporting the decarbonisation of the sector.
2022/04/08
Committee: ECON
Amendment 299 #

2021/0213(CNS)

Proposal for a directive
Article 15 – paragraph 5 a (new)
5 a. The revenues related to maritime transport shall be earmarked by the Member States and used to support projects and investments in the maritime sector. The eligible projects and investments shall focus on energy efficiency, energy transition, sustainable and circular ports, innovative technologies and the deployment of alternative fuels infrastructure, supporting the decarbonisation of the sector.
2022/04/08
Committee: ECON
Amendment 308 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point b – introductory part
(b) electricity and electricity generated by renewable hydrogene:
2022/04/08
Committee: ECON
Amendment 314 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point b – indent 5 a (new)
- generated from renewable gases and renewable fuels of non-biological origin;
2022/04/08
Committee: ECON
Amendment 316 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point b – paragraph 1 a (new)
Member States may also exempt energy products and electricity used for high- efficiency cogeneration.
2022/04/08
Committee: ECON
Amendment 321 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point d
(d) renewable fuels of non-biological origin, advancedlow-carbon fuels, sustainable biofuels, bioliquids, biogas and advanced- sustainable products falling within CN codes 4401 and 4402;
2022/04/08
Committee: ECON
Amendment 325 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point e a (new)
(e a) energy products and electricity used for agricultural, horticultural or aqua cultural works and forestry.
2022/04/08
Committee: ECON
Amendment 326 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point e b (new)
(e b) energy products supplied for use as fuel for commercial fishing activity and electricity produced on board a fishing vessel.
2022/04/08
Committee: ECON
Amendment 327 #

2021/0213(CNS)

Proposal for a directive
Article 16 – paragraph 1 – point e c (new)
(e c) renewable hydrogen
2022/04/08
Committee: ECON
Amendment 342 #

2021/0213(CNS)

Proposal for a directive
Article 17 – paragraph 1 – point c – paragraph 2
For the purposes of point (c), energy products and electricity used by households recognised as vulnerable may be exempt for a maximum period of ten years after the entry into force of this Directive. For the purposes of this paragraph, ‘vulnerable households’ shall mean households significantly affected by the impacts of this Directive which, for the purpose of this Directive, means that they are below the ‘at risk of poverty’” threshold, defined as 60% of the national median equivalised disposable incomeMember States shall be free to decide on the definition of ‘vulnerable households’.
2022/04/08
Committee: ECON
Amendment 366 #

2021/0213(CNS)

Proposal for a directive
Article 26 a (new)
Article 26 a Reporting obligations of the Commission - Social monitor By … [two years after the date of entry into force of this Directive] and every two years thereafter, the Commission shall adopt and make publicly available a report providing detailed assessments of the situation of energy prices in Member States and on the EU market and of the effects of this Directive thereon. That Report shall include all relevant facts and figures covering energy prices developments, as well as an assessment of the effects of the implementation of this Directive on those prices, with special emphasis on households living in the condition of energy poverty as defined in this Directive. The Commission shall in this respect take into consideration the different starting positions of Member States and assess possible extensions of the transitional period and exemptions. This shall specifically apply to justified cases related to households living in the condition of energy poverty to prevent inadequate price jumps that may occur after the end of the transitional period. The Commission in cooperation with Member States shall use the criteria set out in this Directive to identify and report on the number of households that are living in energy poverty.
2022/04/08
Committee: ECON
Amendment 377 #

2021/0213(CNS)

Proposal for a directive
Article 31 – paragraph 1
Every five years and for the first time five years after 1 January 2023, the Commission shall submit to the Council and the European Parliament a report on the application of this Directive.
2022/04/08
Committee: ECON
Amendment 381 #

2021/0213(CNS)

Proposal for a directive
Article 31 – paragraph 1
Every five years and for the first time five years after 1 January 2023, the Commission shall submit to the Council and to the European Parliament a report on the application of this Directive.
2022/04/08
Committee: ECON
Amendment 385 #

2021/0213(CNS)

Proposal for a directive
Article 31 – paragraph 2
The report by the Commission shall, inter alia, examine the minimum levels of taxation, the impact of innovation and technological developments, in particular as regards energy efficiency, the use of electricity in transport, the overall competitiveness of our industries, and the justification for the exemptions, reductions and differentiations laid down in this Directive. The report shall take into account the proper functioning of the internal market, environmental and social considerations, the real value of the minimum levels of taxation and the relevant wider objectives of the Treaties.
2022/04/08
Committee: ECON
Amendment 388 #

2021/0213(CNS)

Proposal for a directive
Annex I – table A – rows 15 and 16
Table A. — Minimum levels of taxation applicable to motor fuels for the purposes of Article 7 (in EUR/Gigajoule) Start of Final transitional rate period after (01.01.2023) comple tion of transiti onal period (01.01. 2033) before indexat ion Renewable fuels of non-biological origin 0,150 0,150 Advanced sustainable biofuels and biogas 0,150 0,150
2022/04/08
Committee: ECON
Amendment 393 #

2021/0213(CNS)

Proposal for a directive
Annex I – table A – row 16 a (new)
Table A. — Minimum levels of taxation applicable to motor fuels for the purposes of Article 7 (in EUR/Gigajoule) Start of Final transitional rate period after (01.01.2023) comple tion of transiti onal period (01.01. 2033) before indexat ion Electricity-based hydrogen 0,15 0,15
2022/04/08
Committee: ECON
Amendment 394 #

2021/0213(CNS)

Proposal for a directive
Annex I – table B – rows 15 and 16
Table B. — Minimum levels of taxation applicable to motor fuels used for the purpose set out in Article 8(2) (in EUR/Gigajoule) Start of Final transitional rate period after (01.01.2023) comple tion of transiti onal period (01.01. 2033) before indexat ion Renewable fuels of non-biological origin 0,150 0,150 Advanced sustainable biofuels and biogas 0,150 0,15 0
2022/04/08
Committee: ECON
Amendment 399 #

2021/0213(CNS)

Proposal for a directive
Annex I – table B – row 16 a (new)
Table B. — Minimum levels of taxation applicable to motor fuels used for the purpose set out in Article 8(2) (in EUR/Gigajoule) Start of Final transitional rate period after (01.01.2023) comple tion of transiti onal period (01.01. 2033) before indexat ioElectricity –based 0,15 0.15 hydrogen
2022/04/08
Committee: ECON
Amendment 405 #

2021/0213(CNS)

Table C. — Minimum levels of taxation applicable to heating fuels (in EUR/Gigajoule) Start of Final transitional rate period after (01.01.2023) comple tion of transiti onal period (01.01. 2033) before indexat ion Renewable fuels of non-biological originRenewable fuels of non- 0,0 0,0 biological origin Advanced sustainable 0,0 0,15 0,15 Advanced sustainable0 bioliquids, biogas and products 0,15 0,15 falling within CN codes 4401 and 4402
2022/04/08
Committee: ECON
Amendment 408 #

2021/0213(CNS)

Proposal for a directive
Annex I – table C – row 19 a (new)
Table C. — Minimum levels of taxation applicable to heating fuels (in EUR/Gigajoule) Start of Final transitional rate period after (01.01.2023) comple tion of transiti onal period (01.01. 2033) before indexat ion Electricity –based 0,15 0,15 hydrogen
2022/04/08
Committee: ECON
Amendment 56 #

2021/0211(COD)

Proposal for a directive
Recital 15
(15) In 2013, the Commission adopted a strategy for progressively integrating maritime emissions into the Union's policy for reducing greenhouse gas emissions. As a first step in this approach, the Union established a system to monitor, report and verify emissions from maritime transport in Regulation (EU) 2015/757 of the European Parliament and of the Council47 , to be followed by the laying down of reduction targets for the maritime sector and the application of a market based measure. In line with the commitment of the co- legislators expressed in Directive (EU) 2018/410 of the European Parliament and of the Council48 , action by the International Maritime Organization (IMO) or the Union should start from 2023, including preparatory work on adoption and implementation of a measure ensuring that the sector duly contributes to the efforts needed to achieve the objectives agreed under the Paris Agreement and due consideration being given by all stakeholders. When defining and implementing these actions, the EU should take due consideration the competitiveness of the maritime sector, the competitive position of EU ports as well as avoiding creating carbon and business leakage. __________________ 47Regulation (EU) 2015/757 of the European Parliament and of the Council of 29 April 2015 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport, and amending Directive 2009/16/EC (OJ L 123, 19.5.2015, p. 55). 48Directive (EU) 2018/410 of the European Parliament and of the Council of 14 March 2018 amending Directive 2003/87/EC to enhance cost-effective emission reductions and low-carbon investments, and Decision (EU) 2015/1814 (OJ L 76, 19.3.2018, p. 3).
2022/02/08
Committee: TRAN
Amendment 59 #

2021/0211(COD)

Proposal for a directive
Recital 16
(16) Pursuant to Directive (EU) 2018/410, the Commission should report to the European Parliament and to the Council on the progress achieved in the IMO towards an ambitious emission reduction objective, and on accompanying measures to ensure that the maritime transport sector duly contributes to the efforts needed to achieve the objectives agreed under the Paris Agreement. EGiven the international character of shipping, efforts to limit global maritime emissions through the IMO are under way and should be encouraged. However, while the recent progress achieved through the IMO is welcome, these measures will not be sufficient to achieve the objectives of the Paris Agreement by establishing a global market-based measure. The European Union should therefore further increase the pressure on the IMO in order to avoid carbon leakage, which would endanger our EU businesses due to unfair international competition vis-à-vis non- EU ports.
2022/02/08
Committee: TRAN
Amendment 62 #

2021/0211(COD)

Proposal for a directive
Recital 16 a (new)
(16 a) A regional market-based measure such as the ETS could seriously jeopardise the reduction of total shipping emissions since evasive port calls at non- EU neighbouring ports could even increase overall emissions, in particular when evasion leads to longer voyages. To that end, the European Union should avoid possible evasive action and include the evasive call to/from a non-EU neighbouring port, including non-EU transhipment ports, as a call to an EU port when calculating the emissions falling under this Directive. The scope of voyages to be reported in the Regulation 2015/757 should include a requirement to report entire voyages involving these non- EU neighbouring ports. To this aim, the definition of port call applied in the EU ETS Directive and in Regulation 2015/757 should consider the risk of carbon and business leakage arising from the implementation of a regional market- based measure. Accordingly, the definition of port call should include stops in a transhipment port of a non-EU neighbouring country and must account for, and help prevent, vessels evading the EU ETS through evasive port calls on ports in countries neighbouring the EU. Furthermore, a new definition on neighbouring transhipment port should be integrated.
2022/02/08
Committee: TRAN
Amendment 69 #

2021/0211(COD)

Proposal for a directive
Recital 17
(17) In the European Green Deal, the Commission stated its intention to take additional measures to address greenhouse gas emissions from the maritime transport sector through a basket of measures to enable the Union to reach its emissions reduction targets. In this context, Directive 2003/87/EC should be amended to include the maritime transport sector in the EU ETS in order to ensure this sector contributes to the increased climate objectives of the Union as well as to the objectives of the Paris Agreement, which requires developed countries to take the lead by undertaking economy-wide emission reduction targets, while developing countries are encouraged to move over time towards economy-wide emission reduction or limitation targets.49 Considering that emissions from international aviation outside Europe should be capped from January 2021 by global market-based action while there is no action in place that caps or prices maritime transport emissions, it is appropriate that the EU ETS covers a share of the emissions from voyages between a port under the jurisdiction of a Member State and port under the jurisdiction of a third country, with the third country being able to decide on appropriate action in respect of the other share of emissions. The extension of the EU ETS to the maritime transport sector should thus include half of the emissions from ships performing voyages arriving at a port under the jurisdiction of a Member State from a port outside the jurisdiction of a Member State, half of the emissions from ships performing voyages departing from a port under the jurisdiction of a Member State and arriving at a port outside the jurisdiction of a Member State, emissions from ships performing voyages arriving at a port under the jurisdiction of a Member State from a port under the jurisdiction of a Member State, and emissions at berth in a port under the jurisdiction of a Member State. This approach has been noted as a practical way to solve the issue of Common but Differentiated Responsibilities and Capabilities, which has been a longstanding challenge in the UNFCCC context. The coverage of a share of the emissions from both incoming and outgoing voyages between the Union and third countries ensures the effectiveness of the EU ETS, notably by increasing the environmental impact of the measure compared to a geographical scope limited to voyages within the EU, while limiting the risk of evasive port calls and the risk of delocalisation of transhipment activities outside the Union. Furthermore, in order to prevent carbon leakage due to reallocation of transhipment operation from EU port to transhipment port on non-EU neighbouring countries, the extension of the EU ETS to the maritime transport sector should thus include emissions from ships performing voyages arriving at a port under the jurisdiction of a Member State from a non-EU neighbouring transhipment port and emissions from ships performing voyages departing from a port under the jurisdiction of a Member State and arriving at non-EU neighbouring transhipment port. To ensure a smooth inclusion of the sector in the EU ETS, the surrendering of allowances by shipping companies should be gradually increased with respect to verified emissions reported for the period 2023 to 2025. To protect the environmental integrity of the system, to the extent that fewer allowances are surrendered in respect of verified emissions for maritime transport during those years, once the difference between verified emissions and allowances surrendered has been established each year, a corresponding a number of allowances should be cancelled. As from 2026, shipping companies should surrender the number of allowances corresponding to all of their verified emissions reported in the preceding year. However, measures should be taken to ensure that the extension of the EU ETS to maritime transport affects Member States in a fair and not disproportionate manner, taking into account their specific circumstances, such as those related to their geographical situation, climate and weather. __________________ 49 Paris Agreement, Article 4(4).
2022/02/08
Committee: TRAN
Amendment 78 #

2021/0211(COD)

Proposal for a directive
Recital 18
(18) The provisions of Directive 2003/87/EC as regards maritime transport activities should be kept under review in light of future international developments and efforts undertaken to achieve the objectives of the Paris Agreement, including the second global stocktake in 2028, and subsequent global stocktakes every five years thereafter, intended to inform successive nationally determined contributions. In particular, the Commission should report any time before the second global stocktake in 2028 - and therefore no later than by 30 September 2028 -regularly to the European Parliament and to the Council on progress in the IMO negotiations concerning a global market- based measure. In its report, the Commission should analyse the International Maritime Organization instruments and, assess, as relevant, how to implement those instruments in Union law through a revision of Directive 2003/87/EC. In its report, the Commission should include proposals as appropriate.
2022/02/08
Committee: TRAN
Amendment 82 #

2021/0211(COD)

Proposal for a directive
Recital 19
(19) The Commission should regularly exchange with all related port authorities, shipping companies and all related stakeholders and should review the functioning of Directive 2003/87/EC in relation to maritime transport activities in the light of experience of its application, including in relation to possible evasive practices, and should then propose measures to ensure its effectiveness.
2022/02/08
Committee: TRAN
Amendment 88 #

2021/0211(COD)

Proposal for a directive
Recital 21
(21) In order to reduce the administrative burden on shipping companies, one Member State should be responsible for each shipping company. The Commission should publish an initial list of shipping companies that performed a maritime activity falling within the scope of the EU ETS, which specifies the administering authority in respect of each shipping company. The list should be updated regularly and at least every two years to reattribute shipping companies to another administering authority as relevant. For shipping companies registered in a Member State, the administering authority should be that Member State. For shipping companies registered in a third country, the administering authority should be the Member State in which the shipping company had the greatest estimated number of port calls from voyages falling within the scope of Directive 2003/87/EC in the last two monitoring years. For shipping companies registered in a third country and which did not perform any voyage falling within the scope of Directive 2003/87/EC in the last two monitoring years, the administering authority should be the Member State from where the shipping company started its first voyage falling within the scope of that Directive. The Commission should publish and update on a biennialyearly basis a list of shipping companies falling within the scope of Directive 2003/87/EC specifying the administering authority for each shipping company. In order to ensure equal treatment of shipping companies, Member States should follow harmonised rules for the administration of shipping companies for which they have responsibility, in accordance with detailed rules to be established by the Commission.
2022/02/08
Committee: TRAN
Amendment 90 #

2021/0211(COD)

Proposal for a directive
Recital 24
(24) Based on experience from similar tasks related to environmental protection, the European Maritime Safety Agency (EMSA) or another relevant organisation should, as appropriate and in accordance with its mandate, assist the Commission and the administering authorities in respect of the implementation of Directive 2003/87/EC. Owing to its experience with the implementation of Regulation (EU) 2015/757 and its IT tools, EMSA cshould assist the administering authorities notably as regards the monitoring, reporting and verification of emissions generated by maritime activities under the scope of this Directive by facilitating the exchange of information or developing guidelines and criteria.
2022/02/08
Committee: TRAN
Amendment 92 #

2021/0211(COD)

Proposal for a directive
Recital 25 a (new)
(25 a) To ensure that there is a level playing field for ships that navigate in ice conditions and other ships a specific method should be applied to take into account additional emissions related to navigation in ice conditions and additional emissions of ice-classed ships when sailing in open water, while ensuring that emissions trading through the ETS continues to drive down emissions in the maritime sector. To that end, relevant provisions on the transfer, surrender and cancellation of allowances under Directive 2003/87/EC should be amended accordingly.
2022/02/08
Committee: TRAN
Amendment 98 #

2021/0211(COD)

Proposal for a directive
Recital 32
(32) A comprehensive approach to innovation is essential for achieving the European Green Deal objectives. At EU level, the necessary research and innovation efforts are supported, among others, through Horizon Europe which include significant funding and new instruments for the sectors coming under the ETS. Member States should ensure that the national transposition provisions do not hamper innovations and are technologically neutral, while the Commission should ensure the availability and efficiency of the necessary technical and advisory assistance.
2022/02/08
Committee: TRAN
Amendment 104 #

2021/0211(COD)

Proposal for a directive
Recital 33
(33) The scope of the Innovation Fund referred to in Article 10a(8) of Directive 2003/87/EC should be extended to support innovation in low-carbon technologies and processes that concern the consumption of fuels in the sectors of buildings and road transport. In addition, the Innovation Fund should serve to support investments to decarbonise the maritime transport sector, including investments in sustainable alternative fuels and the related infrastructure, such as hydrogen and ammonia that are produced from renewables, in shore-side electricity supply, as well as zero-emission propulsion technologies like wind technologies. Considering that revenues generated from penalties raised in Regulation xxxx/xxxx [FuelEU Maritime]52 are allocated to the Innovation Fund as external assigned revenue in accordance with Article 21(5) of the Financial Regulation, the Commission should ensure that due consideration is given to support for innovative projects aimed at accelerating the development and deployment of renewable and low carbon fuels in the maritime sector, as specified in Article 21(1) of Regulation xxxx/xxxx [FuelEU Maritime]. To ensure sufficient funding is available for innovation within this extended scope, the Innovation Fund should be supplemented with 50 million allowances, stemming partly from the allowances that could otherwise be auctioned, and partly from the allowances that could otherwise be allocated for free, in accordance with the current proportion of funding provided from each source to the Innovation Fund. __________________ 52[add ref to the FuelEU Maritime Regulation].
2022/02/08
Committee: TRAN
Amendment 233 #

2021/0211(COD)

Proposal for a directive
Recital 67
(67) It is necessary to amend Regulation (EU) 2015/757 to take into account the inclusion of the maritime transport sector in the EU ETS. Regulation (EU) 2015/757 should be amended to oblige companies to report aggregated emissions data at company level and to submit for approval their verified monitoring plans and aggregated emissions data at company level to the responsible administering authority, including information on port calls in neighbouring non-EU ports. In addition, the Commission should be empowered to adopt delegated acts to amend the methods for monitoring CO2 emissions and the rules on monitoring, as well as any other relevant information set out in Regulation (EU) 2015/757, to ensure the effective functioning of the EU ETS at administrative level and to supplement Regulation (EU) 2015/757 with the rules for the approval of monitoring plans and changes thereof by administering authorities, with the rules for the monitoring, reporting and submission of the aggregated emissions data at company level and with the rules for the verification of the aggregated emissions data at company level and for the issuance of a verification report in respect of the aggregated emissions data at company level. The data monitored, reported and verified under Regulation (EU) 2015/757 might also be used for the purpose of compliance with other Union law requiring the monitoring, reporting and verification of the same ship information.
2022/02/08
Committee: TRAN
Amendment 248 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 2 – point d
Directive 2003/87/EC
Article 3 – point v
(v) ‘shipping company’ means the shipowner or any other organisation or person, such as the manager or the bareboat charterer, that has assumed the responsibility for the operation of the ship from the shipowner and that, on assuming such responsibility, has agreed to take over all the duties and responsibilities imposed by the International Management Code for the Safe Operation of Ships and for Pollution Prevention, set out in Annex I to Regulation (EC) No 336/2006 of the European Parliament and of the Council(*); when the ultimate responsibility for the operation of the ship and the decisions affecting the CO2 emissions of the ship is assumed, by means of a contractual arrangement, by a different entity, this entity shall be directly responsible under this contractual agreement for assuming all the duties, responsibilities and compliance costs under this Directive. Operation of the ship for the purposes of this Article shall mean determining the cargo carried, the route or the speed of the ship.
2022/02/08
Committee: TRAN
Amendment 277 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 5
Directive 2003/87/EC
Article 3g – paragraph 1
1. The allocation of allowances and the application of surrender requirements in respect of maritime transport activities shall apply in respect of fifty percent (50 %) of the emissions fromthe following pattern: a) ships performing voyages departing from a port under the jurisdiction of a Member State and arriving at a port outside the jurisdiction of a Member State or ships performing voyages departing from a port unoutsider the jurisdiction of a Member State and arriving at a port under the jurisdiction of a Member State, with a stop on a neighbouring transhipment port outside the jurisdiction of a Member State, fifty: i) shall apply one hundred percent (50 100%) of the emissions from ships performing voyage departing from aor the segment of the voyage between the port outsiunder the jurisdiction of a Member State and arriving at athe neighbouring transhipment port unoutsider the jurisdiction of a Member State, one hundred percent (100 %) of emissions from and; ii) shall apply fifty percent (50%) for the rest of the voyage; b) ships performing voyages departing from a port under the jurisdiction of a Member State and arriving at a port under the jurisdiction of a Member State andwith a stop on a neighbouring transhipment port outside the jurisdiction of a Member State, shall apply one hundred percent (100 %) of emissions fromor the whole voyage; c) ships at berth in a port under the jurisdiction of a Member State shall apply one hundred percent (100%) of emissions.
2022/02/08
Committee: TRAN
Amendment 304 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 3ga – paragraph 2
To the extent that fewer allowances are surrendered compared to the verified emissions from maritime transport for the years 2023, 2024 and 2025, once the difference between verified emissions and allowances surrendered has been established in respect of each year, a corresponding quantity of allowances shall be cancelled rather than auctioned pursuant to Article 10. Member States shall provide at least 30% of the allowances free of charge in the new Emissions Trading System for shipping companies trading on deep-sea routes for those vessels carrying out at least 40% of transhipment operations in a call in a EU port, provided that ships operating in those routes do not develop alternative evasive routes and can demonstrate a high efficiency in accordance with a measurable environmental performance parameter. Those routes shall be incorporated in a list and reconsidered on an annual basis by the Commission.
2022/02/08
Committee: TRAN
Amendment 320 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 3ge – paragraph 1
1. The Commission shall consider possible amendments in relation to the adoption by the International Maritime Organization of a global market-based measure to reduce greenhouse gas emissions from maritime transport in order to ensure a global approach. In the event of the adoption of such a measure, and in any event before the 2028 global stocktake and no later than 30 September 2028, the Commission shall present a report to the European Parliament and to the Council in which it shall examine any such measure. Where appropriate, the Commission may follow to the report with a legislative proposal to the European Parliament and to the Council to amend this Directive as appropriate in order to align EU legislation with measures taken at international level.
2022/02/08
Committee: TRAN
Amendment 324 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 3ge – paragraph 1a (new)
1a. By 2023, the Commission shall carry on a full and comprehensive impact assessment, based on real data and in close cooperation with the stakeholders, of the potential impacts and risk of these provisions on carbon leakage, evasion, delocation of calls and port business to ports outside the EU, connectivity of ports in Europe, competitiviness of the EU maritime sector resulting from the Fit for 55-packageand and where relevant on the modal shift. The Commission shall address the negative impacts identified by this assessment through revisions and amendments to Chapter II entitled “Aviation and Maritime Transport” and other provisionsrelevant to the maritime EU ETS. Alignment with a market-based measure developed in the IMO should be closely examined as a means to address potentialnegative impacts.
2022/02/08
Committee: TRAN
Amendment 329 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 3ge – paragraph 2
2. The Commission shall monitor and evaluate the implementation of this Chapter and possible trends as regards companies seeking to avoid, such as significant decrease of transhipment calls or traffic in EU ports, as regards companies seeking to avoid ports under the jurisdiction of a EU Member State being bound by the requirements of this Directive 1 year after its entry into force. If appropriate, the Commission shall propose measures to prevent such avoidance and review the provisions of this Directive in relation to maritime transport activities.;
2022/02/08
Committee: TRAN
Amendment 360 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 12 – point g
Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 3
The Innovation Fund shall cover the sectors listed in Annex I and Annex III, including environmentally safe carbon capture and utilisation (“CCU”) that contributes substantially to mitigating climate change, as well as products substituting carbon intensive ones produced in sectors listed in Annex I, and to help stimulate the construction and operation of projects aimed at the environmentally safe capture and geological storage (“CCS”) of CO2, as well as of innovative renewable energy and energy storage technologies; in geographically balanced locations. The Innovation Fund mayshall also support break- through innovative technologies and infrastructure to decarbonise the maritime sector, , where a substantial share of the EU ETS revenues generated by the maritime ETS shall be used to enable the decarbonisation of the sector and for the production of low- and zero-carbon fuels in aviation, rail and road transport. Special attention shall be given to projects in sectors covered by the [CBAM regulation] to support innovation in low carbon technologies, CCU, CCS, renewable energy and energy storage, in a way that contributes to mitigating climate change.
2022/02/08
Committee: TRAN
Amendment 370 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 14 – point a
Directive 2003/87/EC
Article 10d – paragraph 1 – subparagraph 2
The investments supported shall be consistent with the aims of this Directive, as well as the objectives of the Communication from the Commission of 11 December 2019 on The European Green Deal (*) and Regulation (EU) 2021/1119 of the European Parliament and of the Council (**) and the long-term objectives as expressed in the Paris Agreement. No support from the Modernisation Fund shall be provided to energy generation facilities that use fossil fuels.”;
2022/02/08
Committee: TRAN
Amendment 382 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15 – point c
Directive 2003/87/EC
Article 12 – paragraph 3 – point c
(c) each shipping company surrenders a number of allowances equal to its total emissions during the preceding calendar year, as verified in accordance with Article 3gc. Shipping companies may surrender fewer allowances on the basis of a ship’s ice class or navigation in ice or both in line with Annex Va.
2022/02/08
Committee: TRAN
Amendment 387 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 15 – point c
Directive 2003/87/EC
Article 12 – paragraph 3 – subparagraph 2
Member States, administering Member States and administering authorities in respect of a shipping company shall ensure that allowances surrendered in accordance with the first subparagraph are subsequently cancelled.; To the extent that fewer allowances are surrendered compared to the verified emissions from maritime transport, once the difference between verified emissions and allowances surrendered has been established in respect of each year, a corresponding quantity of allowances shall be cancelled rather than auctioned pursuant to Article 10
2022/02/08
Committee: TRAN
Amendment 393 #

2021/0211(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 16
Directive 2003/87/EC
Article 14 – paragraph 1 – subparagraph 1
Those implementing acts shall apply the sustainability and greenhouse gas emission saving criteria for the use of biomass established by Directive (EU) 2018/2001 of the European Parliament and of the Council(*), with any necessary adjustments for application under this Directive, for this biomass to be zero-rated. They shall specify how to account for storage of emissions from a mix of zero-rated sources and sources that are not zero-rated. They shall also specify how to account for emissions from renewable fuels of non- biological origin and recycled carbon fuels, ensuring that these emissions are accounted for and that double counting is avoided. They shall also specify how to account for the well-to-tank emissions of renewable and low-carbon fuels”;
2022/02/08
Committee: TRAN
Amendment 460 #

2021/0211(COD)

Proposal for a directive
Article 3 – paragraph -1 a (new)
Regulation (EU) 2015/757
Article 3 – point b
(-1 a) in Article 3, point (b) is replaced by the following: "(b) ‘port of call’ means the port where a ship stops to load or unload cargo or to embark or disembark passengers; consequently, for the purpose of this regulation, stops for the sole purposes of refuelling, obtaining supplies, relieving the crew, going into dry-dock or making repairs to the ship and/or its equipment, stops in port because the ship is in need of assistance or in distress, ship-to-ship transfers carried out outside ports, stops in a transhipment port of a non-EU neighbouring country and stops for the sole purpose of taking shelter from adverse weather or rendered necessary by search and rescue activities are excluded; (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02015R0757-20161216)Or. en
2022/02/08
Committee: TRAN
Amendment 461 #

2021/0211(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 1 a (new)
Regulation (EU) 2015/757
Article 3 – points oa new, ob new, s new, t new, w new
(1a) in Article 3, the following points (oa), (ob), (s), (t) and (w) are added: (oa) 'navigating in ice conditions' means navigating of an ice-classed ship in a sea area within the ice edge. (ob) "ice edge" is defined by paragraph 4.4. of the WMO Sea-Ice Nomenclature, March 2014 as the demarcation at any given time between the open sea and sea ice of any kind, whether fast or drifting. (s) “neighbouring transhipment port” means a port located in a neighbouring country of the EU where the movement of one type of cargo to be transhipped exceeds 60 % of the total traffic of that port. It needs to be considered that cargo, container or goods are transhipped when they are unloaded from ship to the port for the sole purpose of loading them on another ship. Such ports shall be incorporated in a list and reconsidered on an annual basis by the Commission. (t) “deep sea routes” means those shipping routes connecting two or more continents and performed by regular services covering more than 3000km long where ships would carry out transhipment operations at any port in its route. Such routes shall be incorporated in a list and reconsidered on an annual basis by the Commission. (w) ”transhipment operation” means an operation in which any cargo, container or good is unloaded from a ship to the port for the sole purpose of loading it on another ship.
2022/02/08
Committee: TRAN
Amendment 462 #

2021/0211(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 4 – point -a (new)
Regulation (EU) 2015/757
Article 6 – paragraph 4
4. T(-a) paragraph 4 is replaced by the following: "4. For shipping companies aiming to surrender fewer emission allowances on the basis of ships’ ice class or navigation in ice conditions or both under Directive 2003/87/EC, the monitoring plan mayshall also contain information on the ice class of the ship and/or the procedures, responsibilities, formulae and data sources for determining and recording the distance travelled and the time spent at sea when navigating through ice.in ice conditions. Information on procedures of recording the date and time when navigating in ice conditions and whether the voyage occurs between ports under a Member State's jurisdiction, departs from a port under a Member State's jurisdiction or arrives to a port under a Member State's jurisdiction, shall also be provided."
2022/02/08
Committee: TRAN
Amendment 464 #

2021/0211(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 5 a (new)
Regulation (EU) 2015/757
Article 9 – paragraph 1
Companies may also monitor information relating to the ship's ice class and to navigation through ice, where applicable.(5 a) Article 9, paragraph 1 is amended as follows: (a) the following point h is added: "(h) ice-class and whether the voyage involved navigation in ice conditions, if the shipping company aims to surrender fewer emission allowances on that basis under Directive 2003/87/EC. If the voyages involved navigating in ice conditions and if the shipping company aims to surrender fewer emission allowances on that basis under Directive 2003/87/EC, the information on date, time, and location when navigating in ice conditions, method used to measure fuel oil consumption, fuel consumption and the fuel’s emission factor for each type of fuel when navigating in ice conditions, and distance travelled when navigating in ice conditions shall also be provided. Information on whether the voyage occurs between ports under a Member State's jurisdiction, departs from a port under a Member State's jurisdiction or arrives to a port under a Member State's jurisdiction, shall be provided." (b) the last subparagraph is replaced bu the following: " If the shipping company aims to surrender fewer emission allowances on the basis of ship’s navigation in ice conditions under Directive 2003/87/EC, it can only apply the exception under the first subparagraph for those months when the ship does not sail in ice conditions."
2022/02/08
Committee: TRAN
Amendment 468 #

2021/0211(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 6 a (new)
Regulation (EU) 2015/757
Article 10 – paragraph 1 – points ga new and l new
(6 a) in Article 10, first paragraph, the following points(ga) and (l) are inserted: "(ga) aggregated distance travelled separately for voyages between ports under a Member State's jurisdiction, for voyages departing from a port under a Member State's jurisdiction and for voyages arriving to a port under a Member State's jurisdiction, if the shipping company aims to surrender fewer emission allowances on that basis under Directive 2003/87/EC." "(l) ice-class and aggregated CO2 emissions when navigating in ice conditions separately for voyages between ports under a Member State's jurisdiction, for voyages departing from a port under a Member State's jurisdiction and for voyages arriving to a port under a Member State's jurisdiction and aggregated distance travelled when navigating in ice conditions separately for voyages between ports under a Member State's jurisdiction, for voyages departing from a port under a Member State's jurisdiction and for voyages arriving to a port under a Member State's jurisdiction when navigating in ice conditions, if the shipping company aims to surrender fewer emission allowances on that basis under Directive 2003/87/EC.”
2022/02/08
Committee: TRAN
Amendment 488 #

2021/0211(COD)

Proposal for a directive
Annex – point 4 a (new)
Directive Directive 2003/87/EC
Annex V a (new)
-(4a) the following Annex Va is added to Directive 2003/87/EC: ”ANNEX Va Option to surrender a readjusted amount of allowances for ice class ships The readjusted amount of emission allowances to be surrendered for ice class ships shall correspond to a readjusted amount of emissions that is calculated based on the formula presented in this annex. The readjusted amount of emissions shall take into account the technical characteristics that increase emissions of ships belonging to a Finnish-Swedish ice class IA or IA Super or equivalent ice class during navigation at all times and the further increase of emissions due to navigating in ice conditions. Readjusted amount of emissions allowances to be surrendered annually mean readjusted amount of annual emissions CO2 R. The annual total emission CO2 T within the scope of the EU ETS are calculated on the basis of reporting in MRV as follows 𝑪𝑶𝟐 𝑻 = 𝑪𝑶𝟐 𝑻 𝒗𝒐𝒂𝒚𝒈𝒆𝒔 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 𝑴𝑺 + 𝑪𝑶𝟐 𝑩 +𝟎.𝟓 ∙ (𝑪𝑶𝟐 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒇𝒓𝒐𝒎 𝑴𝑺 + 𝑪𝑶𝟐 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒕𝒐 𝑴𝑺), (1) where CO2 T voayges between MS denotes the aggregated CO2 emissions from all voyages between ports under a Member State's jurisdiction, CO2 B the emissions which occurred within ports under a Member State's jurisdiction at berth, CO2eq voyages from MS the aggregated CO2 emissions from all voyages which departed from ports under a Member State's jurisdiction and CO2 voyages to MS the aggregated CO2 emissions from all voyages to ports under a Member State's jurisdiction. Similarly the annual total emissions of an ice classed ship when navigating in ice conditions within the scope of the proposed Emissions Trading Directive for maritime transport CO2eI are calculated on the basis of reporting in MRV as follows 𝑪𝑶𝟐𝒆 𝑰 = 𝑪𝑶𝟐𝒆𝒒 𝑰 𝒗𝒐𝒂𝒚𝒈𝒆𝒔 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 𝑴𝑺 +𝟎.𝟓 ∙ (𝑪𝑶𝟐𝒆𝒒 𝑰 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒇𝒓𝒐𝒎 𝑴𝑺 + 𝑪𝑶𝟐𝒆𝒒 𝑰 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒕𝒐 𝑴𝑺), (2) where CO2eq I voayges between MS denotes the aggregated CO2 emissions of an ice-classed ship when navigating in ice conditions between ports under a Member State's jurisdiction, CO2eq I voyages from MS emissions of an ice-classed ship when navigating in ice conditions from all voyages which departed from ports under a Member State's jurisdiction and CO2eq I voyages to MS emissions of an ice-classed ship when navigating in ice conditions from all voyages to ports under a Member State's jurisdiction. The annual total distance travelled within the scope of the proposed Emissions Trading Directive for maritime transport is calculated as follows 𝑫𝑻 = 𝑫𝑻 𝒗𝒐𝒂𝒚𝒈𝒆𝒔 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 𝑴𝑺 +𝟎.𝟓 ∙ (𝑫𝑻 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒇𝒓𝒐𝒎 𝑴𝑺 + 𝑫𝑻 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒕𝒐 𝑴𝑺), (3) where DT voayges between MS denotes the aggregated distance from all voyages between ports under a MS jurisdiction, DT voyages from MS the aggregated distance from all voyages which departed from ports under a MS jurisdiction and DT voyages to MS the aggregated distance from all voyages to ports under a MS jurisdiction. The aggregated distance travelled when navigating in ice conditions within the scope of the proposed Emissions Trading Directive for maritime transport is calculated as follows 𝑫𝑰 = 𝑫𝑰 𝒗𝒐𝒂𝒚𝒈𝒆𝒔 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 𝑴𝑺 +𝟎.𝟓 ∙ (𝑫𝑰 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒇𝒓𝒐𝒎 𝑴𝑺 + 𝑫𝑰 𝒗𝒐𝒚𝒂𝒈𝒆𝒔 𝒕𝒐 𝑴𝑺), (4) where DT voayges between MS denotes the aggregated distance sailed in ice conditions from all voyages between ports under a MS jurisdiction, DT voyages from MS the aggregated distance sailed in ice conditions from all voyages which departed from ports under a MS jurisdiction and DT voyages to MS the aggregated distance sailed in ice conditions from all voyages to ports under a MS jurisdiction. The readjusted amount of annual emissions CO2eq R are calculated as follows CO2 R = CO2 T - CO2 TF - CO2 NI, (5) where CO2 TF denotes the increase in annual emissions due to technical characteristics of ships having a Finnish-Swedish ice class IA or IA Super or equivalent ice class and CO2 NI the increase in annual emissions of an ice classed ship due to navigating in ice conditions. The increase in annual emissions due to technical characteristics of ships having a Finnish-Swedish ice class IA or IA Super or equivalent ice class CO2 TF is calculated as follows: 𝑪𝑶𝟐 𝑻𝑭 = 𝟎.𝟎𝟓 × (𝑪𝑶𝟐 𝑻 ― 𝑪𝑶𝟐 𝑩 ― 𝑪𝑶𝟐 𝑵𝑰). (6) The increase in annual emissions due to navigating in ice conditions is calculated as follows: 𝑪𝑶𝟐 𝑵𝑰 = 𝑪𝑶𝟐 𝑰 ― 𝑪𝑶𝟐 𝑹𝑰 , (7) where the readjusted annual emissions for navigating in ice conditions CO2 RI are 𝑪𝑶𝟐𝒆𝒒 𝑪𝑶𝟐 𝑹𝑰 = 𝑫𝑰 × ( 𝑫 ) 𝒐𝒑𝒆𝒏 𝒘𝒂𝒕𝒆𝒓 , (8) 𝑪𝑶𝟐𝒆𝒒 where ( 𝑫 ) 𝑶𝑾 the emissions for voyages per distance travelled in open water. The latter is defined as follows: 𝑪𝑶𝟐 𝑪𝑶𝟐 𝑻 ― 𝑪𝑶𝟐 𝑩 ― 𝑪𝑶𝟐 𝑰 ( ) 𝑫 𝑶𝑾 = 𝑫𝑻 ― 𝑫𝑰 . (9) List of all symbols: CO2 T annual total emissions within the geographical scope of the EU ETS CO2 T voayges between MS aggregated CO2 emissions from all voyages between ports under a Member State's jurisdiction CO2 B emissions which occurred within ports under a Member State's jurisdiction at berth CO2eq voyages from MS aggregated CO2 emissions from all voyages which departed from ports under a Member State's jurisdiction CO2 voyages to MS aggregated CO2 emissions from all voyages to ports under a Member State's jurisdiction DT annual total distance travelled within the scope of the EU ETS DT voayges between MS aggregate distance from all voyages between ports under a MS jurisdiction DT voyages from MS aggregated distance from all voyages which departed from ports under a MS jurisdiction DT voyages to MS aggregated distance from all voyages to ports under a MS jurisdiction DI aggregated distance travelled when navigating in ice conditions within the geographical scope of the EU ETS DT voayges between MS aggregated distance sailed in ice conditions from all voyages between ports under a MS jurisdiction DT voyages from MS aggregated distance sailed in ice conditions from all voyages which departed from ports under a MS jurisdiction DT voyages to MS aggregated distance sailed in ice conditions from all voyages to ports under a MS jurisdiction CO2 I annual emissions of an ice classed ship when navigating in ice conditions CO2 NI increase of annual emissions of an ice- classed ship due to navigating in ice conditions CO2 R readjusted annual emissions CO2 RI readjusted annual emissions for navigating in ice conditions CO2 TF annual emissions due to technical characteristics of a ship with a Finnish- Swedish ice class IA or IA Super or an equivalent ice class on average, compared to ships designed to sail only in open water 𝑪𝑶𝟐𝒆𝒒 ( 𝒅𝒊𝒔𝒕 ) 𝑶𝑾 annual average of emissions for distance travelled in open water only DT annual total distance travelled;
2022/02/08
Committee: TRAN
Amendment 90 #

2021/0210(COD)

Proposal for a regulation
Recital 1
(1) Maritime transport accounts for around 75% of EU external trade and 31% of EU internal trade in terms of volume. At the same time, ship traffic to or from ports in the European Economic Area accounts for some 11% of all EU CO2 emissions from transport and 3-4% of total EU CO2 emissions. 400 million passengers embark or disembark annually in ports of Member States, including around 14 million on cruise ships. Maritime transport is therefore an essential component of Europe’s transport system and plays a critical role for the European economy. The maritime transport market is subject to strong competition between economic actors in the Union and beyond for which a level playing field is indispensable. The stability and prosperity of the maritime transport market and its economic actors rely on a clear and harmonised policy framework where maritime transport operators, ports and other actors in the sector can operate on the basis of equal opportunities. Where market distortions occur, they risk putting ship operators or ports at a disadvantage compared to competitors within the maritime transport sector or in other transport sectors. In turn, this can result in a loss of competitiveness of the maritime transport industry, and a loss of connectivity for citizens and businesses. Therefore, to avoid market distortion and to ensure a fair and level playing field for Member States, measures should be taken to address specific circumstances, such as those related to climate, weather and natural conditions.
2022/04/28
Committee: TRAN
Amendment 117 #

2021/0210(COD)

Proposal for a regulation
Recital 4
(4) In order to produce an effect on all the activities of the maritime transport sector, it is appropriate that this Regulation covers a share of the voyages between a port under the jurisdiction of a Member State and port under the jurisdiction of a third country. This Regulation should thus apply to half of the energy used by a ship performing voyages arriving at a port under the jurisdiction of a Member State from a port outside the jurisdiction of a Member State, half of the of the energy used by a ship performing voyages departing from a port under the jurisdiction of a Member State and arriving at a port outside the jurisdiction of a Member State, the entirety of the energy used by a ship performing voyages arriving at a port under the jurisdiction of a Member State from a port under the jurisdiction of a Member State, and the energy used at berth in a port under the jurisdiction of a Member State. Such coverage of a share of the energy used by a ship in both incoming and outgoing voyages between the Union and third countries ensures the effectiveness of this Regulation, including by increasing the positive impact on the environment of such framework. Simultaneously, suchThe framework should limits the risk of evasive port calls and the risk of delocalisation of transhipment activities outside the Union. In order to ensure smooth operation of maritime traffic, a level playing field among maritime transport operators and among ports, and avoid distortions in the internal market, all journeys arriving or departing from ports under jurisdiction of Member States, as well as the stay of ships in those ports should be covered by uniform rules contained in this Regulation.
2022/04/28
Committee: TRAN
Amendment 120 #

2021/0210(COD)

Proposal for a regulation
Recital 4 a (new)
(4a) In order to ensure a coherent legislative framework for the decarbonisation of the maritime sector, this Regulation, AFIR, RED, ETS and ETD should be aligned to create legal and investment certainty for the sector. Furthermore, the overarching economic impacts of these legislations should be evaluated comprehensively.
2022/04/28
Committee: TRAN
Amendment 140 #

2021/0210(COD)

Proposal for a regulation
Recital 8 a (new)
(8a) Welcomes the Commission REPowerEU Communication's1a recommendation to double the production of biomethane to at least 35 billion cubic meters and encourages the Commission to propose even higher targets to harness the full potential; stresses that in order to ensure a successful acceleration of bio- LNG production for the maritime sector, incentives should be created both in supply and demand side; therefore, adding a multiplier for bio-LNG in this Regulation should be considered;. __________________ 1a REPowerEU: Joint European Action for more affordable, secure and sustainable energy COM(2022)108
2022/04/28
Committee: TRAN
Amendment 149 #

2021/0210(COD)

Proposal for a regulation
Recital 9 a (new)
(9a) Development of new innovative technologies, such as wind propulsion and carbon capture and storage, should be fostered, including through the Innovation Fund.
2022/04/28
Committee: TRAN
Amendment 158 #

2021/0210(COD)

Proposal for a regulation
Recital 11
(11) Development and deployment of renewable and low carbon fuels with a high potential for sustainability, commercial maturity and a high potential for innovation and growth to meet future needs should be promoted. This will support creating innovative and competitive fuels markets and ensure sufficient supply of sustainable maritime fuels in the short and long term to contribute to Union transport decarbonisation ambitions, while strengthening Union’s efforts towards a high level of environmental protection. For this purpose, sustainable maritime fuels produced from feedstock listed in Parts A and B of Annex IX of Directive (EU) 2018/2001, as well as synthetic maritime fuels should be eligible. In particular, sustainable maritime fuels, such as bio- LNG, produced from feedstock listed in Part B of Annex IX of Directive (EU) 2018/2001 are essential, as currently the most commercially mature technology to decarbonise maritime transport already in the short term.
2022/04/28
Committee: TRAN
Amendment 175 #

2021/0210(COD)

Proposal for a regulation
Recital 15
(15) This Regulation should establish the methodology and the formula that should apply to calculate the yearly average greenhouse gas intensity of the energy used on-board by a ship. This formula should be based on the fuel consumption reported by ships and consider the relevant emission factors of these fuels. The use of substitute sources of energy, such as wind or electricity, should also be reflected in the methodology. To ensure a level playing field, a specific method should be applied to take into account and adequately compensate the additional emissions resulting from sailing in ice conditions and the additional emissions caused by the ship’s ice-strengthened design when sailing in open water.
2022/04/28
Committee: TRAN
Amendment 201 #

2021/0210(COD)

Proposal for a regulation
Recital 24
(24) Exceptions in case of unavailability or incompatibility of OPS should be limited after ship and port operators have had sufficient time to make the necessary investments, in order to provide the necessary incentives for those investments and avoid unfair competition. As of 2035, ship operators should plan carefully their calls on TEN-T ports callsovered by the Regulation XXXX-XXX (Alternative Fuels Infrastructure Regulation) to make sure that they can carry out their activities without emitting air pollutants and GHG at berth and compromise the environment in coastal areas and port cities. A limited number of exceptions in case of unavailability or incompatibility of OPS should be maintained in order to provide the possibility for occasional last-minute changes in port call schedules and calls in ports with incompatible equipment. In order to mitigate stranded assets, incompatibility of OPS infrastructure on board and at berth as well as alternative fuel demand and supply imbalances, frequent consultation meetings between relevant stakeholders should be organised to discuss and take decisions on requirements and future plans.
2022/04/28
Committee: TRAN
Amendment 204 #

2021/0210(COD)

Proposal for a regulation
Recital 24 a (new)
(24a) If a port outside of the TEN-T network has voluntarily installed OPS, ships calling at that port should connect to OPS.
2022/04/28
Committee: TRAN
Amendment 230 #

2021/0210(COD)

Proposal for a regulation
Recital 37
(37) The revenues generated from the payment of penalties should be used to promote the distribution and use of renewable and low-carbon fuels in the maritime sector and help maritime operators to meet their climate and environmental goals, including by supporting investments in alternative fuels and OPS infrastructure. For this purpose these revenues should be allocated to the the Innovation Fund referred to in Article 10a(8) of Directive 2003/87/EC. It should be ensured that this allocation is earmarked for decarbonisation projects in the maritime sector.
2022/04/28
Committee: TRAN
Amendment 241 #

2021/0210(COD)

Proposal for a regulation
Recital 41 a (new)
(41a) The methodology used to calculate GHG emission intensity reductions in Annex I should be reviewed regularly in order to evaluate, and if necessary amend, this Regulation, in order to include the reductions derived from new technological innovations. For example, the new potential GHG abatement technologies, such as propulsion techniques and carbon capture and storage, could contribute towards achieving the objectives of this Regulation.
2022/04/28
Committee: TRAN
Amendment 254 #

2021/0210(COD)

Proposal for a regulation
Recital 43 a (new)
(43a) The Commission shall comprehensively evaluate the quantity and sustainability of alternative fuels supply in the EU and report the results to the European Parliament and the Council, by 1 January 2028, and every five years until 2050. If needed, the Commission should propose a shared responsibility mechanism between shipping companies and fuel suppliers to ensure adequate volume and sustainability of these fuels.
2022/04/28
Committee: TRAN
Amendment 269 #

2021/0210(COD)

Proposal for a regulation
Article 2 – paragraph 1 – introductory part
This Regulation applies to all commercial ships above a gross tonnage of 50400, regardless of their flag in respect to:
2022/04/28
Committee: TRAN
Amendment 294 #

2021/0210(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a a (new)
(aa) ‘wind propulsion’ or ‘wind- assisted propulsion’ means a propulsion technique that contributes primarily or auxiliary to the propulsion of any type of vessel via the energy of the wind, which is captured when the ship is sailing.
2022/04/28
Committee: TRAN
Amendment 315 #

2021/0210(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point m
(m) ‘ship at berth’ means a ship at berth as defined in Article 3, point (n) of Regulation (EU) 2015/757which is securely moored at the quayside in a port falling under the jurisdiction of a Member State while it is loading, unloading and/or embarking/disembarking passengers or hoteling, including the time spent when not engaged in cargo/passenger operations;
2022/04/28
Committee: TRAN
Amendment 320 #

2021/0210(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point r
(r) ‘on-shore power supply’ means the system to supply electricity to ships at berth, at low or high voltage, alternate or direct current, including ship side and shore side fixed, mobile and floating installations, when feeding directly the ship main distribution switchboard for powering hotel, service workloads or charging secondary batteries;
2022/04/28
Committee: TRAN
Amendment 350 #

2021/0210(COD)

Proposal for a regulation
Article 4 – paragraph 2 – indent 1
— -23% from 1 January 2025;
2022/04/28
Committee: TRAN
Amendment 353 #

2021/0210(COD)

Proposal for a regulation
Article 4 – paragraph 2 – indent 2
— -69% from 1 January 2030;
2022/04/28
Committee: TRAN
Amendment 356 #

2021/0210(COD)

Proposal for a regulation
Article 4 – paragraph 2 – indent 3
— -136% from 1 January 2035;
2022/04/28
Committee: TRAN
Amendment 384 #

2021/0210(COD)

Proposal for a regulation
Article 4 – paragraph 4 a (new)
4a. Frequent consultation meetings with all relevant stakeholders in individual ports should be organised, to ensure ongoing discussion and cooperation on the alternative fuel supply that is planned and deployed in ports as well as on the demand expected from vessels calling on these ports.
2022/04/28
Committee: TRAN
Amendment 393 #

2021/0210(COD)

Proposal for a regulation
Article 5 – paragraph 1
1. From 1 January 2030, a ship at berth in a port of call under the jurisdiction of a Member Statecovered by Article 9 of Regulation XXXX-XXX (Alternative Fuels Infrastructure Regulation) shall connect to on-shore power supply and use it for all energy needs while at berth.
2022/04/28
Committee: TRAN
Amendment 401 #

2021/0210(COD)

Proposal for a regulation
Article 5 – paragraph 1 a (new)
1a. If a port outside of the TEN-T network has voluntarily installed OPS, ships calling at that port should connect to OPS.
2022/04/28
Committee: TRAN
Amendment 455 #

2021/0210(COD)

Proposal for a regulation
Article 5 – paragraph 7 a (new)
7a. Frequent consultation meetings with all relevant stakeholders in individual ports should be organised, to ensure ongoing discussion and cooperation on the OPS infrastructure supply that is planned and deployed in ports as well as on the demand expected from vessels calling on these ports. This will mitigate stranded assets and incompatibility of OPS installations available onboard vessels and at berth.
2022/04/28
Committee: TRAN
Amendment 473 #

2021/0210(COD)

Proposal for a regulation
Article 8 – paragraph 1
1. Companies shall check regularly, and at least annually, whether a ship’s monitoring plan reflects the nature and functioning of the ship and whether any of the data it contains can be improved, corrected and/or updated.
2022/04/28
Committee: TRAN
Amendment 583 #

2021/0210(COD)

Proposal for a regulation
Article 21 – paragraph 1
1. The penalties referred to in Article 20(1) and 20(2) shall be allocated to support common projects aimed at the rapid deployment of renewable and low carbon fuels in the maritime sector. Projects financed by the funds collected from the penalties shall stimulate the production of greater quantities of renewable and low carbon fuels for the maritime sector, facilitate the construction of appropriate bunkering facilities or electric connection ports in ports, and support the development, testing and deployment of the most innovative European technologies, such as wind propulsion and carbon capture and storage, in the fleet to achieve significant emission reductions.
2022/04/28
Committee: TRAN
Amendment 589 #

2021/0210(COD)

Proposal for a regulation
Article 21 – paragraph 2
2. The revenues generated from penalties referred to in paragraph 1 shall be allocated to the the Innovation Fund referred to in Article 10a(8) of Directive 2003/87/EC. These revenues shall constitute external assigned revenue in accordance with Article 21(5) of the Financial Regulation, and shall be implemented in accordance with the rules applicable to the Innovation Fund. The revenues from these penalties shall be earmarked for the maritime sector and contribute to its decarbonisation, including support for alternative fuels production and deployment, alternative fuels infrastructure and OPS infrastructure as well as new innovative technologies.
2022/04/28
Committee: TRAN
Amendment 628 #

2021/0210(COD)

Proposal for a regulation
Article 28 – paragraph 1 a (new)
1a. The Commission shall review and evaluate every five years, starting from the entry into force of this Regulation until 2050, the default values presented in Annex II and amend them, if needed, based on sound scientific research and evidence.
2022/04/28
Committee: TRAN
Amendment 75 #

2021/0206(COD)

Proposal for a regulation
The Committee on Economic and Monetary Affairs calls on the Committee on the Environment, Public Health and Food Safety and the Committee on Employment and Social Affairs, as the committees responsible, to reject the Commission's proposal.
2022/02/21
Committee: ECON
Amendment 86 #

2021/0206(COD)

Proposal for a regulation
Recital 13 a (new)
(13 a) Highlights that the Social Climate Fund proposal is not a justified mechanism because of its inconsistence with agreed Multiannual Financial Framework, the unnecessary administrative burden it creates to the Member States and their regions and municipalities; whereas the mechanism would not respect Member States´ national competence on social policy and would not treat the Member States equally and does not take account the efforts and costs Member States have already taken to reach climate target; notes the alarming impact of rising energy prices on citizens; calls on the Member States to implement socially just and economically solid programs to balance rising prices while prioritising the investments to climate- neutral energy system enable affordable and sustainable energy in transport in the long term;
2022/03/01
Committee: TRAN
Amendment 111 #

2021/0206(COD)

Proposal for a regulation
Recital 13
(13) A Social Climate (‘the Fund’) should therefore be established to provide funds to the Member States to support their policies to address the social impacts of the emissions trading for buildings and road transport on vulnerable households, vulnerable micro-enterprises and vulnerable transport users. This should be achieved notably through temporary income support and measures and investments intended to reduce reliance on fossil fuels through increased energy efficiency of buildings, decarbonisation of heating and cooling of buildings, including the integration of energy from renewable sources, and granting improved access to zero- and low-emission mobility and transport to the benefit of vulnerable households, vulnerable micro-enterprises and vulnerable transport users.
2022/02/21
Committee: ECON
Amendment 117 #

2021/0206(COD)

Proposal for a regulation
Recital 14
(14) For that purpose, each Member State should submit to the Commission a Social Climate Plan (‘the Plan’). Those Plans should pursue two objectives. Firstly, they should provide vulnerable households, vulnerable micro-enterprises and vulnerable transport users the necessary resources to finance and carry out investments in energy efficiency, decarbonisation of heating and cooling, in zero- and low-emission vehicles and mobility. Secondly, they should mitigate the impact of the increase in the cost of fossil fuels on the most vulnerable and thereby prevent energy and transport poverty during the transition period until such investments have been implemented. The Plans should have an investment component promoting the long-term solution of reduce fossil fuels reliance and could envisage other measures, including temporary direct income support to mitigate adverse income effects in the shorter term.
2022/02/21
Committee: ECON
Amendment 135 #

2021/0206(COD)

Proposal for a regulation
Recital 16
(16) Ensuring that the measures and investments are particularexclusively targeted towards energy poor or vulnerable households, vulnerable micro-enterprises and vulnerable transport users is key for a just transition towards climate neutrality. Support measures to promote reductions in greenhouse gas emissions should help Member States to address the social impacts arising from the emissions trading for the sectors of buildings and road transport.
2022/02/21
Committee: ECON
Amendment 137 #

2021/0206(COD)

Proposal for a regulation
Recital 17
(17) Pending the impact of those investments on reducing costs and emissions, well targeted direct income support for the most vulnerable would help the just transition. Such support should be understood to be a temporary measure accompanying the decarbonisation of the housing and transport sectors. It would not be permanent as it does not address the root causes of energy and transport poverty. Such support should only concern direct impacts of the inclusion of building and road transport into the scope of Directive 2003/87/EC, not electricity or heating costs related to the inclusion of power and heat production in the scope of that Directive. Eligibility for such direct income support should be limited in time.deleted
2022/02/21
Committee: ECON
Amendment 161 #

2021/0206(COD)

Proposal for a regulation
Recital 23
(23) The financial envelope of the Fund should, in principle, be commensurate to amounts corresponding to 25% of the expected revenues from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC in the period 2026-2032. Pursuant to Council Decision (EU, Euratom) 2020/205341 , Member States should make those revenues available to the Union budget as own resources. Member States are to finance 50% of the total costs of their Plan themselves. For this purpose, as well as for investment and measures to accelerate and alleviate the required transition for citizens negatively affected, Member States should inter alia use their expected revenues from emissions trading for buildings and road transport under Directive 2003/87/EC for that purpose. If buildings and road transport are not included in the ETS, the Fund shall cease to exist. _________________ 41 Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, p. 1).
2022/02/21
Committee: ECON
Amendment 162 #

2021/0206(COD)

Proposal for a regulation
Recital 23
(23) The financial envelope of the Fund should, in principle, be commensurate to amounts corresponding to 25% of the expected revenues from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC in the period 2026-2032. Pursuant to Council Decision (EU, Euratom) 2020/205341 , Member States should make those revenues available to the Union budget as orequires a revision of the Own Resources Decision41and the Multiannual Financial Framework41a. The financing of the Fund is subject to this revision and should therefore reflect the agreement on amending the multiannual framework and Own rResources Decision. Member States are to finance 750% of the total costs of their Plan themselves. For this purpose, as well as for investment and measures to accelerate and alleviate the required transition for citizens negatively affected, Member States should inter alia use their expected revenues from emissions trading for buildings and road transport under Directive 2003/87/EC for that purpose. _________________ 41 Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, p. 1). 41a Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021 to 2027 OJ L 433I , 22.12.2020, p. 11–22.
2022/02/21
Committee: ECON
Amendment 164 #

2021/0206(COD)

Proposal for a regulation
Recital 23
(23) The financial envelope of the Fund should, in principle, be commensurate to amounts corresponding to 25% of the expected revenues from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC in the period 2026-2032. Pursuant to Council Decision (EU, Euratom) 2020/205341 , Member States should make those revenues available to the Union budget as own resources. Member States are to finance 750% of the total costs of their Plan themselves. For this purpose, as well as for investment and measures to accelerate and alleviate the required transition for citizens negatively affected, Member States should inter alia use their expected revenues from emissions trading for buildings and road transport under Directive 2003/87/EC for that purpose. _________________ 41 Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, p. 1).
2022/02/21
Committee: ECON
Amendment 171 #

2021/0206(COD)

Proposal for a regulation
Recital 24
(24) The Fund should support measures that respect the principle of additionality of Union funding. The Fund should not be a substitute for recurring national expenditures, except in duly justified cases.
2022/02/21
Committee: ECON
Amendment 176 #

2021/0206(COD)

Proposal for a regulation
Recital 13
(13) A Social Climate (‘the Fund’) should therefore be established to provide funds to the Member States to support their policies to address the social impacts of the emissions trading for buildings and road transport on vulnerable households, vulnerable micro-enterprises and vulnerable transport users. This should be achieved notably through temporary income support and measures and investments intended to reduce reliance on fossil fuels through increased energy efficiency of buildings, decarbonisation of heating and cooling of buildings, including the integration of energy from renewable sources, and granting improved access to zero- and low-emission mobility and transport to the benefit of vulnerable households, vulnerable micro-enterprises and vulnerable transport users.
2022/02/23
Committee: EMPLENVI
Amendment 177 #

2021/0206(COD)

Proposal for a regulation
Recital 28
(28) The implementation of the Fund should be carried out in line with the principle of sound financial management, including the protection of the Union budget in the case of breaches of the principles of the rule of law, the effective prevention and prosecution of fraud, tax fraud, tax evasion, corruption and conflicts of interest.
2022/02/21
Committee: ECON
Amendment 195 #

2021/0206(COD)

Proposal for a regulation
Recital 14
(14) For that purpose, each Member State should submit to the Commission a Social Climate Plan (‘the Plan’). Those Plans should pursue two objectives. Firstly, they should provide vulnerable households, vulnerable micro-enterprises and vulnerable transport users the necessary resources to finance and carry out investments in energy efficiency, decarbonisation of heating and cooling, in zero- and low-emission vehicles and mobility. Secondly, they should mitigate the impact of the increase in the cost of fossil fuels on the most vulnerable and thereby prevent energy and transport poverty during the transition period until such investments have been implemented. The Plans should have an investment component promoting the long-term solution of reduce fossil fuels reliance and could envisage other measures, including temporary direct income support to mitigate adverse income effects in the shorter term.
2022/02/23
Committee: EMPLENVI
Amendment 197 #

2021/0206(COD)

Proposal for a regulation
Article 1 – paragraph 4
The general objective of the Fund is to contribute to the transition towards climate neutrality by addressing the social impacts of the inclusion of greenhouse gas emissions from buildings and road transport into the scope of Directive 2003/87/EC. The specific objective of the Fund is to support vulnerable households, vulnerable micro-enterprises and vulnerable transport users through temporary direct income support and through measures and investments intended to increase energy efficiency of buildings, decarbonisation of heating and cooling of buildings, including the integration of energy from renewable sources, and granting improved access to zero- and low- emission mobility and transport.
2022/02/21
Committee: ECON
Amendment 242 #

2021/0206(COD)

Proposal for a regulation
Article 3 – paragraph 2
2. The Plan may include national measures providing temporary direct income support to vulnerable households and households that are vulnerable transport users to reduce the impact of the increase in the price of fossil fuels resulting from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC.deleted
2022/02/21
Committee: ECON
Amendment 243 #

2021/0206(COD)

Proposal for a regulation
Recital 16
(16) Ensuring that the measures and investments are particularexclusively targeted towards energy poor or vulnerable households, vulnerable micro-enterprises and vulnerable transport users is key for a just transition towards climate neutrality. Support measures to promote reductions in greenhouse gas emissions should help Member States to address the social impacts arising from the emissions trading for the sectors of buildings and road transport.
2022/02/23
Committee: EMPLENVI
Amendment 251 #

2021/0206(COD)

Proposal for a regulation
Recital 17
(17) Pending the impact of those investments on reducing costs and emissions, well targeted direct income support for the most vulnerable would help the just transition. Such support should be understood to be a temporary measure accompanying the decarbonisation of the housing and transport sectors. It would not be permanent as it does not address the root causes of energy and transport poverty. Such support should only concern direct impacts of the inclusion of building and road transport into the scope of Directive 2003/87/EC, not electricity or heating costs related to the inclusion of power and heat production in the scope of that Directive. Eligibility for such direct income support should be limited in time.deleted
2022/02/23
Committee: EMPLENVI
Amendment 319 #

2021/0206(COD)

1. Member States may include the costs of measures providing temporary direct income support to vulnerable households and vulnerable households that are transport users to absorb the increase in road transport and heating fuel prices. Such support shall decrease over time and be limited to the direct impact of the emission trading for buildings and road transport. Eligibility for such direct income support shall cease within the time limits identified under Article 4(1) point (d).deleted
2022/02/21
Committee: ECON
Amendment 333 #

2021/0206(COD)

Proposal for a regulation
Recital 23
(23) The financial envelope of the Fund should, in principle, be commensurate to amounts corresponding to 25% of the expected revenues from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC in the period 2026-2032. Pursuant to Council Decision (EU, Euratom) 2020/205341 , Member States should make those revenues available to the Union budget as own resources. Member States are to finance 750% of the total costs of their Plan themselves. For this purpose, as well as for investment and measures to accelerate and alleviate the required transition for citizens negatively affected, Member States should inter alia use their expected revenues from emissions trading for buildings and road transport under Directive 2003/87/EC for that purpose. _________________ 41 Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, p. 1).
2022/02/23
Committee: EMPLENVI
Amendment 338 #

2021/0206(COD)

Proposal for a regulation
Recital 23
(23) The financial envelope of the Fund should, in principle, be commensurate to amounts corresponding to 25% of the expected revenues from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC in the period 2026-2032. Pursuant to Council Decision (EU, Euratom) 2020/205341 , Member States should make those revenues available to the Union budget as own resources. Member States are to finance 50% of the total costs of their Plan themselves. For this purpose, as well as for investment and measures to accelerate and alleviate the required transition for citizens negatively affected, Member States should inter alia use their expected revenues from emissions trading for buildings and road transport under Directive 2003/87/EC for that purpose. If buildings and road transport are not included in the ETS, the Fund shall cease to exist. _________________ 41 Council Decision (EU, Euratom) 2020/2053 of 14 December 2020 on the system of own resources of the European Union and repealing Decision 2014/335/EU, Euratom (OJ L 424, 15.12.2020, p. 1).
2022/02/23
Committee: EMPLENVI
Amendment 348 #

2021/0206(COD)

Proposal for a regulation
Recital 24
(24) The Fund should support measures that respect the principle of additionality of Union funding. The Fund should not be a substitute for recurring national expenditures, except in duly justified cases.
2022/02/23
Committee: EMPLENVI
Amendment 359 #

2021/0206(COD)

Proposal for a regulation
Article 9 – paragraph 1
1. The financial envelope for the implementation of the Fund for the period 2025-2027 shall be EUR 23 700 000 000 in current prices.deleted
2022/02/21
Committee: ECON
Amendment 365 #

2021/0206(COD)

Proposal for a regulation
Article 9 – paragraph 1 – subparagraph 1 (new)
The financial envelope for the implementation of the Fund for the period 2025 -2032 shall be subject to the agreement on the revision of the Multiannual Financial Framework and Own Resources Decision.
2022/02/21
Committee: ECON
Amendment 368 #

2021/0206(COD)

Proposal for a regulation
Article 9 – paragraph 2
2. The financial envelope for the implementation of the Fund for the period 2028-2032 shall be EUR 48 500 000 000 in current prices, subject to the availability of the amounts under the annual ceilings of the applicable multiannual financial framework referred to in Article 312 TFEU.deleted
2022/02/21
Committee: ECON
Amendment 381 #

2021/0206(COD)

Proposal for a regulation
Article 9 – paragraph 3
3. The amounts referred to in paragraphs 1 and 2financial envelope for the implementation of the Fund may also cover expenses pertaining to preparatory, monitoring, control, audit and evaluation activities which are required for the management of the Fund and the achievement of its objectives, in particular studies, meetings of experts, consultation of stakeholders, information and communication actions, including inclusive outreach actions, and corporate communication of the political priorities of the Union, insofar as they are related to the objectives of this Regulation, expenses linked to IT networks focusing on information processing and exchange, corporate information technology tools, and all other technical and administrative assistance expenses incurred by the Commission for the management of the Fund. Expenses may also cover the costs of other supporting activities such as quality control and monitoring of projects on the ground and the costs of peer counselling and experts for the assessment and implementation of the eligible actions.
2022/02/21
Committee: ECON
Amendment 396 #

2021/0206(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. Member States shall contribute at least to 750 percent of the total estimated costs of their Plans.
2022/02/21
Committee: ECON
Amendment 415 #

2021/0206(COD)

Proposal for a regulation
Article 1 – paragraph 4
The general objective of the Fund is to contribute to the transition towards climate neutrality by addressing the social impacts of the inclusion of greenhouse gas emissions from buildings and road transport into the scope of Directive 2003/87/EC. The specific objective of the Fund is to support vulnerable households, vulnerable micro-enterprises and vulnerable transport users through temporary direct income support and through measures and investments intended to increase energy efficiency of buildings, decarbonisation of heating and cooling of buildings, including the integration of energy from renewable sources, and granting improved access to zero- and low- emission mobility and transport.
2022/02/23
Committee: EMPLENVI
Amendment 448 #

2021/0206(COD)

Proposal for a regulation
Article 20 – paragraph 1
1. In implementing the Fund, the Member States, as beneficiaries of funds under the Fund, shall take all the appropriate measures to protect the financial interests of the Union and to ensure that the use of funds in relation to measures and investments supported by the Fund complies with the applicable Union and national law, in particular regarding the protection of the Union budget in the case of breaches of the principles of the rule of law, the prevention, detection and correction of fraud, corruption and conflicts of interests. To this effect, the Member States shall provide an effective and efficient internal control system as further detailed in Annex III and the recovery of amounts wrongly paid or incorrectly used. Member States may rely on their regular national budget management systems.
2022/02/21
Committee: ECON
Amendment 451 #

2021/0206(COD)

Proposal for a regulation
Article 20 – paragraph 1 a (new)
1 a. In implementing the Fund, the Commission shall take all the appropriate measures in accordance with Regulation (EU, Euratom) 2020/2092 to ensure the protection of funds in relation to measures and investments supported by the Fund in the case of breaches of the principles of the rule of law in the Member States. The Commission shall provide, to that effect, an effective and efficient internal control system and the recovery of amounts wrongly paid or incorrectly used.
2022/02/21
Committee: ECON
Amendment 465 #

2021/0206(COD)

Proposal for a regulation
Article 24 – paragraph 1 a (new)
1 a. For every year that the Fund is active, the Commission shall provide a rapport to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions of the C02 reductions arising from the investments in energy efficiency of building, integration of energy from renewable sources and granting improved access to zero- and low-emission mobility and transport.
2022/02/21
Committee: ECON
Amendment 524 #

2021/0206(COD)

Proposal for a regulation
Article 3 – paragraph 2
2. The Plan may include national measures providing temporary direct income support to vulnerable households and households that are vulnerable transport users to reduce the impact of the increase in the price of fossil fuels resulting from the inclusion of buildings and road transport into the scope of Directive 2003/87/EC.deleted
2022/02/23
Committee: EMPLENVI
Amendment 702 #

2021/0206(COD)

Proposal for a regulation
Article 6 – paragraph 1
1. Member States may include the costs of measures providing temporary direct income support to vulnerable households and vulnerable households that are transport users to absorb the increase in road transport and heating fuel prices. Such support shall decrease over time and be limited to the direct impact of the emission trading for buildings and road transport. Eligibility for such direct income support shall cease within the time limits identified under Article 4(1) point (d).deleted
2022/02/23
Committee: EMPLENVI
Amendment 907 #

2021/0206(COD)

Proposal for a regulation
Article 14 – paragraph 1
1. Member States shall contribute at least to 750 percent of the total estimated costs of their Plans.
2022/02/23
Committee: EMPLENVI
Amendment 1089 #

2021/0206(COD)

Proposal for a regulation
Article 24 – paragraph 1 a (new)
1a. For every year that the fund is active, the Commission shall provide a rapport to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions of the C02 reduction arising from the investments in energy efficiency of building, integration of energy from renewable sources and granting improved access to zero- and low-emission mobility and transport.
2022/02/23
Committee: EMPLENVI
Amendment 1107 #

2021/0206(COD)

Proposal for a regulation
Article 26 – paragraph 2
It shall apply from the date by which the Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with Directive (EU) [yyyy/nnn] of the European Parliament and the Council64 amending Directive 2003/87/EC as regards Chapter IVa of Directive 2003/87/EC. If buildings and road transport are not included in the ETS, the Fund shall cease to exist. _________________ 64 [Directive (EU) yyyy/nnn of the European Parliament and of the Council…. (OJ …..).] [Directive amending Directive 2003/87/EC]
2022/02/23
Committee: EMPLENVI
Amendment 137 #

2021/0205(COD)

Proposal for a regulation
Recital 19 a (new)
(19 a) This Regulation enables stakeholders from different parts of the value chain to contribute to emission reductions in their respective industry and claim tradable emissions reductions in their carbon reporting (book and claim). A central obligatory system of SAF registration, allocation, accounting, and reporting (SAF registry) should beset up to stimulate further SAF demand while avoiding double counting. Formalized and standardized documentation and tracking methods will ensure transparency and trust and auditability in the process.
2022/03/14
Committee: TRAN
Amendment 138 #

2021/0205(COD)

Proposal for a regulation
Recital 19 b (new)
(19 b) To achieve the lowest cost and highest efficiency, a SAF accounting framework inspired by the renewable electricity accounting framework is needed. Fuel suppliers should be able to issue and trade SAF certificates from overfulfillment of the mandate with ambitious airlines. Also airlines among each other should be able to trade these SAF certificates without generating competitive distortion between them. Only airlines in possession of such SAF certificates should claim the associated emission reductions. SAF should be distributed from the production facilities to the most suitable airports to prevent inefficiency, additional logistical effort and thus also higher transport emissions. The airport infrastructure will supply a given amount of SAF through its fuel system, but only airlines that actually possess the SAF attributes will be able to account for it in the booking system. It should be prevented, that airlines have to carry extra fuel on-board if SAF is not available at a certain airport, that competitive distortion is caused by the blending mandate and that airlines cannot protect themselves against excessive prices when depending on fuel suppliers. Airlines that aim for higher CO2 emission reductions will be able to decide to buy a larger amount of SAF and distribute the SAF in the most economic efficient and unbureaucratic way across the fleet without competitive distortion between airlines. This would lead to a more dynamic and competitive SAF market with more available SAF at affordable prices
2022/03/14
Committee: TRAN
Amendment 207 #

2021/0205(COD)

Proposal for a regulation
Article 3 – paragraph 1 – indent 4
— ‘aviation fuel’ means the fuel manufactured for direct use by aircraft;
2022/03/14
Committee: TRAN
Amendment 358 #

2021/0205(COD)

Proposal for a regulation
Article 8 – paragraph 2 a (new)
2a (new) In order to ensure transparency and to prevent double claiming, a central obligatory system of SAF registration, allocation, accounting and reporting (SAF registry) shall be set up by accredited organizations. Formalized and standardized documentation and tracking methods shall ensure trust and auditability in the process. A supplier shall generate a sustainability certificate based on the physical SAF environmental attributes and shall enter it into the registry. An operator may purchase the sustainability certificate from the supplier, the transaction is recorded in the registry while the physical delivery is separate (book and claim). Regulatory compliance with sustainability criteria is an entry requirement. The operator may transfer reductions from the sustainability certificates to their customers.
2022/03/14
Committee: TRAN
Amendment 431 #

2021/0205(COD)

Proposal for a regulation
Article 14 – paragraph 1 a (new)
In addition, by the end of 2023 the Commission shall present a report exploring the potential to mitigate aviation contrail climate impact and air pollution around airports through a combination of SAF blending and jet fuel quality standards accompanied, if appropriate, by a proposal to introduce such standards.
2022/03/14
Committee: TRAN
Amendment 444 #

2021/0205(COD)

Proposal for a regulation
Annex I – point a
(a) From 1 January 2025, a minimum share of 23,5% of SAF, of which a minimum share of 0.1% of synthetic fuels;
2022/03/14
Committee: TRAN
Amendment 454 #

2021/0205(COD)

Proposal for a regulation
Annex I – point b
(b) From 1 January 2030, a minimum share of 58% of SAF, of which a minimum share of 0.71.5% of synthetic aviation fuels;
2022/03/14
Committee: TRAN
Amendment 279 #

2021/0191(COD)

Proposal for a regulation
Recital 11
(11) Article 4 of Regulation (EU) 2020/852 requires Member States and the Union to apply the criteria set out in Article 3 of that Regulation to determine whether an economic activity qualifies as environmentally sustainable for the purposes of any measure setting out requirements for financial market participants or issuers in respect of financial products or corporate bonds that are made available as environmentally sustainable. It is therefore logical that the technical screening criteria referred to in Article 3, point (d), of Regulation (EU) 2020/852 should determine which fixed assets, expenditures and financial assets can be financed by the proceeds of European green bonds. In view of the expected technological progress in the field of environmental sustainability, the delegated acts adopted pursuant to Articles 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 are likely to be reviewed and amended over time. Regardless of such changes, in order to provide legal certainty to issuers and investors and prevent amendments to the technical screening criteria from having a negative impact on the price of European green bonds that have already been issued, issuers should be able to apply the technical screening criteria applicable at the moment the European green bond was issued when allocating the proceeds of such bonds to eligible fixed assets or expenditures, until maturity of the bond. To ensure legal certainty for European green bonds whose proceeds are allocated to financial assets, it is necessary to clarify that the underlying economic activities funded by those financial assets should comply with the technical screening criteria applicable at the moment the financial assets were created. Where the relevant delegated acts are amended, the issuer should allocate proceeds by applying the amended delegated acts within five years.
2022/01/20
Committee: ECON
Amendment 289 #

2021/0191(COD)

Proposal for a regulation
Recital 12 a (new)
(12a) European Green Bonds are financial products based on taxonomy aligned projects and issuers who do not have entity-level transition plans detailing their path to climate neutrality by 2050 should be able to emit European Green Bonds if they respect the requirements specified in this regulation;.
2022/01/20
Committee: ECON
Amendment 299 #

2021/0191(COD)

Proposal for a regulation
Recital 15
(15) Issuers of European green bonds should abide by their commitments to investors and allocate the proceeds of their bonds within a reasonably short time after issuance. At the same time, issuers should not be penalised for allocating bond proceeds to economic activities that do not yet meet the taxonomy requirements, but will do so within the five year period (or extended ten year period). In that case, issuers should draw up a CapEx plan setting out when and by what means those activities will meet the taxonomy requirements and how alignment will be guaranteed (Taxonomy alignment plan). Issuers should in any case allocate all proceeds of their European green bonds before the maturity of each bond.
2022/01/20
Committee: ECON
Amendment 301 #

2021/0191(COD)

Proposal for a regulation
Recital 15 a (new)
(15a) ESMA should be mandated to develop draft regulatory technical standards to specify the form and content of CapEx plans. The Commission should be empowered to adopt those regulatory technical standards by means of a delegated act pursuant to Article 290 TFEU and in accordance with Article 10 to 14 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council1a. __________________ 1aRegulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).
2022/01/20
Committee: ECON
Amendment 327 #

2021/0191(COD)

Proposal for a regulation
Recital 36 a (new)
(36a) The application of this Regulation should be reviewed in order to assess, inter alia, the uptake of the European green bond standard, the functioning of the market of external reviewers, whether the standard should be converted to a mandatory standard.
2022/01/20
Committee: ECON
Amendment 346 #

2021/0191(COD)

Proposal for a regulation
Article 4 – paragraph 1 – introductory part
1. Before maturity of the bond, the proceeds of European green bonds shall be exclusively and fully allocated, withoutafter deducting costs directly linked to issuance, to the following, or a combination thereof:
2022/01/20
Committee: ECON
Amendment 351 #

2021/0191(COD)

Proposal for a regulation
Article 4 – paragraph 3
3. A European green bond may be refinanced by issuing a new European green bond.deleted
2022/01/20
Committee: ECON
Amendment 358 #

2021/0191(COD)

Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 1
The use of proceeds referred to in Article 4 shall relate to economic activities that meet the taxonomy requirements, or that will meet the taxonomy requirements within a defined period of time as set out in a taxonomy-alignment plan as defined in paragraph 1.1.2.2 of annex I of Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 and shall be referred to as CapEx plans.
2022/01/20
Committee: ECON
Amendment 362 #

2021/0191(COD)

Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 2
The taxonomy-alignment plan referred to in the first subparagraph shall describe the actions and expenditures that are necessary for an economic activity to meet the taxonomy requirements within the specified period of time.deleted
2022/01/20
Committee: ECON
Amendment 368 #

2021/0191(COD)

Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 3
The period referred to in the first and second subparagraph shall not exceed five years from bond issuance, unless a longer period of up to ten years is justified by the specific features of the economic activities concerned as documented in a taxonomy- alignment plan (CapEx plan).
2022/01/20
Committee: ECON
Amendment 372 #

2021/0191(COD)

Proposal for a regulation
Article 6 – paragraph 2 – subparagraph 1 a (new)
Where the use of proceeds referred to in Article 4 of this Regulation is in line with the delegated acts adopted pursuant to Articles 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 but data is not yet available to demonstrate compliance with Article 17 of that Regulation, the CapEx plan shall include a description of the actions and expenditures necessary to gather the relevant data.
2022/01/20
Committee: ECON
Amendment 374 #

2021/0191(COD)

Proposal for a regulation
Article 6 – paragraph 2 a (new)
2a. Sovereign issuers can allocate up to 20% of their use of proceeds to activities, provided that they respect the requirements of Regulation (EU) 2020/852, for which technical screening criteria have not yet been established by the Commission in accordance with Article 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 covering fundamental climate and environmental research, specifically basic research in climate science, spatial information activities, meteorological forecasting activities, crucial to taxonomy’s climate and environmental objectives but not currently covered by the published technical screening criteria. Sovereign issuers must prove that these activities respect the requirements of the taxonomy regulation. These activities are eligible to use of proceeds’ allocation until the European Commission establishes technical screening criteria in accordance with Article 10(3), 11(3), 12(2), 13(2), 14(2)or 15(2) of Regulation (EU) 2020/852.
2022/01/20
Committee: ECON
Amendment 383 #

2021/0191(COD)

Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 2
Where the delegated acts adopted pursuant to Articles 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852 are amended following the issuance of the bond, the issuer shall allocate bond proceeds to the uses referred to in the first subparagraph by applying the amended delegated acts within five years after their entry into application.
2022/01/20
Committee: ECON
Amendment 420 #

2021/0191(COD)

Proposal for a regulation
Article 9 – paragraph 6
6. Issuers of European green bonds shall provide the allocation reports referred to in paragraph 3, 4, and 5 to an external reviewer within 390 days following the end of the year to which the allocation reports refer. The post-issuance review must be made public within 90 days following the receipt of the allocation report.
2022/01/20
Committee: ECON
Amendment 434 #

2021/0191(COD)

Proposal for a regulation
Article 10 – paragraph 2 a (new)
2a. Issuers of European Green bonds may obtain a review of the impact report by an external reviewer.
2022/01/20
Committee: ECON
Amendment 465 #

2021/0191(COD)

Proposal for a regulation
Article 23 – paragraph 1
1. External reviewers shall adopt and implement measures to ensure that their pre-issuance reviews as referred to in Article 8 and their post-issuance reviews as referred to in Article 9 are based on a thorough analysis of all the information that is available to them and that, according to their transparent and public methodologies, is relevant to their analysis.
2022/01/20
Committee: ECON
Amendment 496 #

2021/0191(COD)

Proposal for a regulation
Article 63 a (new)
Article 63a Review 1. By December 2025, and every three years thereafter, the Commission shall, based on the input from the Platform on Sustainable Finance, submit a report to the European Parliament and to the Council on the application of this Regulation. That report shall evaluate at least the following: (a) the uptake of the European green bond standard and its market share, both in the Union and globally; (b) the impact of this Regulation on the transition to a sustainable economy; (c) the functioning of the market of external reviewers, specifying market concentration, the transparency of methodologies and pricing, and the impartiality of external reviewers; (d) the ability of ESMA and national competent authorities to exercise their supervisory duties; (e) the appropriateness of funding of ESMA through recognition, endorsement and supervisory fees; (f) the appropriateness of third country regimes foreseen in Title III, Chapter IV; (e) the continued existence of greenwashing in the sustainable bond market; (f) whether the EUGB label should be made mandatory, and if so within what timeframe.
2022/01/20
Committee: ECON
Amendment 73 #

2021/0171(COD)

Proposal for a directive
Recital 14
(14) The definitions contained in this Directive determine the scope of harmonisationzation and are without prejudice to national law in the situations indicated below. The obligation on Member States to implement this Directive should therefore be limited to its scope as determined by those definitions. However, this Directive should be without prejudice to the application by Member States, in accordance with Union law, of the provisions of this Directive to areas not covered by its scope. A Member State could thereby maintain or introduce national legislation corresponding to this Directive or certain provisions of this Directive on credit agreements outside its scope, for instance on credit agreements upon the conclusion of which the consumer is requested to deposit an item as security in the creditor's safe-keeping and where the liability of the consumer is strictly limited to that pledged item. Furthermore, Member States could also apply this Directive to linked credit which does not fall within the definition of a linked credit agreement in this Directive. Thus, the provisions of this Directive on linked credit agreements could be applied to credit agreements that serve only partially to finance a contract for the supply of goods or provision of a service.
2022/02/28
Committee: ECON
Amendment 74 #

2021/0171(COD)

Proposal for a directive
Recital 15
(15) A number of Member States have applied Directive 2008/48/EC to areas not covered by its scope to enhance the level of consumer protection. In fact, several of the credit agreements not falling within the scope of that Directive can be detrimental for consumers, including short-term high cost loans whose amount is typically lower than the minimum threshold of EUR 200 set out in Directive 2008/48/EC. In this context, and with the aim to ensure a high level of consumer protection and to facilitate the cross-border consumer credit market, the scope of this Directive should cover some agreements that were excluded from the scope of Directive 2008/48/EC, such as consumer credit agreements below the amount of EUR 200. Likewise, other potentially detrimental products, because of the high costs they entail or high fees in case of missed payments, should be covered by this Directive, to ensure increased transparency and better consumerHowever, to maintain the “raison d’être” of these short term/small amount credits, the extension of the scope must be accompanied by protecportion, resulting in higher consumer confidence. To this extent, leasing agreements, credit agreements in the form of an overdraft facility and where the credit has to be repaid within one month, and credit agreements where the credit is granted free of interest and without any other charges, including Buy Now Pay Later schemes, i.e. new digital financial tools that let consumers make purchases and payate requirements. This Directive should not apply to hiring or leasing agreements where an obligation to purchase them off over time, and credit agreements under the terms of which the credit has to be repaid within three months and only insignificant charges are payable should not be excluded from the scope of application of this Directivebject of the agreement is not laid down either by the agreement itself or by any separate agreement. Moreover, all credit agreement up until EUR 100 000 should be included in the scope of application of this Directive. The upper threshold of credit agreements under this Directive should be increased to take into account indexation to adjust for the effects of inflation since 2008 and in coming years.
2022/02/28
Committee: ECON
Amendment 80 #

2021/0171(COD)

Proposal for a directive
Recital 26
(26) Consumers who are legally resident in the Union should not be discriminated against on ground of their nationality or place of residence, or on any ground as referred to in Article 21 of the Charter when requesting, concluding or holding a credit agreement or an agreement for the provision of crowdfunding credit services within the Union. However, these provisions are applied without prejudice to the right of creditors not to engage in certain activities in certain Member States.
2022/02/28
Committee: ECON
Amendment 82 #

2021/0171(COD)

Proposal for a directive
Recital 30
(30) In order to be able to make their decisions in full knowledge of the facts, consumers should receive adequate information, for careful consideration at their own leisure and convenience, if possible at least one day prior to the conclusion of the credit agreement or of the agreement for the provision of crowdfunding credit services, including information on the conditions and cost of the credit and on their obligations, as well as adequate explanations thereof. These rules should be without prejudice to Council Directive 93/13/EEC29. __________________ 29 Council Directive 93/13/EEC of 5 April 1993 on unfair terms in consumer contracts (OJ L 95, 21.4.1993, p. 29).
2022/02/28
Committee: ECON
Amendment 105 #

2021/0171(COD)

Proposal for a directive
Recital 47
(47) The assessment of creditworthiness should be based on information on the financial and economic situation, including income and expenses, of the consumer. The European Banking Authority Guidelines on loan origination and monitoring (EBA/GL/2020/06) provide guidelines on what categories of data may be used for the processing of personal data for creditworthiness purposes, which include evidence of income or other sources of repayment, information on financial assets and liabilities, or information on other financial commitments. Personal data, such as personal data found on social media platforms or health data, including cancer data, should not be used when conducting a creditworthiness assessment. Consumers should provide information about their financial and economic situation in order to facilitate the creditworthiness assessment. In principle, credit should only made available to the consumer where the result of the creditworthiness assessment indicates that the obligations resulting from the credit agreement or the agreement for the provision of crowdfunding credit services are likely to be met in the manner required under that agreement. However, should such assessment be negative, the creditor or the provider of crowdfunding credit services can exceptionally make credit available in specific and justified circumstances such as when they have a long-standing relationship with the consumer, or in case of loans to fund exceptional healthcare expenses, students loans or loans for consumers with disabilities. In such case, when deciding on whether or not to make the credit available to the consumer, the creditor or the provider of crowdfunding credit services should take into account the amount and the purpose of the credit, and the likelihood that the obligations resulting from the agreement will be met. However, a positive creditworthiness assessment should not constitute an obligation for the creditor to provide credit.
2022/02/28
Committee: ECON
Amendment 128 #

2021/0171(COD)

Proposal for a directive
Article 2 – paragraph 2 – point c
(c) credit agreements involving a total amount of creditless than EUR 250 ofr more than EUR 100 000;
2022/02/28
Committee: ECON
Amendment 131 #

2021/0171(COD)

Proposal for a directive
Article 2 – paragraph 2 – point j a (new)
(ja) Rental or leasing agreements in which an obligation to purchase the rental or leasing item is neither laid down by the agreement itself nor by any separate agreement; such an obligation shall be deemed to exist if such an obligation is decided unilaterally by the creditor.
2022/02/28
Committee: ECON
Amendment 139 #

2021/0171(COD)

Proposal for a directive
Article 2 – paragraph 2 – point j b (new)
(jb) credit Agreements in form of an overdraft facility and where the credit has to be repaid within one month;
2022/02/28
Committee: ECON
Amendment 145 #

2021/0171(COD)

Proposal for a directive
Article 2 – paragraph 3
3. Notwithstanding paragraph 2, point (c), this Directive applies to unsecured credit agreements involving a total amount of credit of more than EUR 100 000, where the purpose of those credit agreements is the renovation of a residential immovable property, provided they do not fall under the scope of different national legislation.
2022/02/28
Committee: ECON
Amendment 171 #

2021/0171(COD)

Proposal for a directive
Article 7 – paragraph 1
Without prejudice to Directive 2005/29/EC, Member States shall require that any advertising and marketing communications concerning credit agreements or crowdfunding credit services covered by this legislation are fair, clear and not misleading. Wording in such advertising and marketing communications that may create false expectations for a consumer regarding the availability or the cost of a credit shall be prohibited.
2022/02/28
Committee: ECON
Amendment 192 #

2021/0171(COD)

Proposal for a directive
Article 9 – paragraph 1
1. Member States shall ensure that clear and comprehensible general information about credit agreements or crowdfunding credit services is made available to consumers by creditors or, where applicable, by credit intermediaries or providers of crowdfunding credit services, at all times in electronic form or on request by the customer on paper or on another durable medium.
2022/02/28
Committee: ECON
Amendment 197 #

2021/0171(COD)

Proposal for a directive
Article 10 – paragraph 1 – subparagraph 1
1. Member States shall require that the creditor and, where applicable, the credit intermediary or the provider of crowdfunding credit services provide the consumer with the pre-contractual information needed to compare different offers in order to take an informed decision on whether to conclude a credit agreement or crowdfunding credit services on the basis of the credit terms and conditions offered by the creditor or by the provider of crowdfunding credit services and, where applicable, the preferences expressed and information supplied by the consumer. Such pre-contractual information shall be provided to the consumer at least one dayin due time before he or she is bound by any credit agreement or offer, or by any agreement or offer for the provision of crowdfunding credit services.
2022/02/28
Committee: ECON
Amendment 203 #

2021/0171(COD)

Proposal for a directive
Article 10 – paragraph 3 – subparagraph 1 – point q
(q) the right of early repayment, and, where applicable, information concerning the creditor's right to compensation and the way in which that compensation will be determined in accordance with Article 29;
2022/02/28
Committee: ECON
Amendment 208 #

2021/0171(COD)

Proposal for a directive
Article 10 – paragraph 4
4. At the same time as the Standard European Consumer Credit Information form is provided to the consumer, the creditor and, where applicable, the credit intermediary or the provider of crowdfunding credit services, shall provide the consumer with the Standard European Consumer Credit Overview form set out in Annex II, containing the following pre-contractual information: (a) (b) the duration of the credit agreement or of the agreement for the provision of crowdfunding credit services; (c) borrowing rates if different borrowing rates apply in different circumstances; (d) the annual percentage rate of charge and the total amount payable by the consumer; (e) of deferred payment for specific goods or services and in the case of linked credit agreements, the specific goods or services and their cash price; (f)deleted the total amount of credit; the borrowing rate, or all in the case of a credit in the form costs in the case of late payments;
2022/02/28
Committee: ECON
Amendment 212 #

2021/0171(COD)

Proposal for a directive
Article 10 – paragraph 4 – introductory part
4. At the same time as the Standard European Consumer Credit Information form is provided to the consumer, the creditor and, where applicable, the credit intermediary or the provider of crowdfunding credit services, shallmay provide the consumer with the Standard European Consumer Credit Overview form set out in Annex II, containing the following pre- contractual information:
2022/02/28
Committee: ECON
Amendment 241 #

2021/0171(COD)

Proposal for a directive
Article 13
Article 13 Personalised offers on the basis of automated processing Member States shall require that creditors, credit intermediaries and providers of crowdfunding credit services inform consumers when they are presented with a personalised offer that is based on profiling or other types of automated processing of personal data.deleted
2022/02/28
Committee: ECON
Amendment 282 #

2021/0171(COD)

Proposal for a directive
Article 17 – paragraph 1
Member States shall prohibit any sale of credit to consumers, without their prior request andor explicit agreement.
2022/02/28
Committee: ECON
Amendment 288 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 1
1. Member States shall require that, before concluding a credit agreement, or an agreement for the provision of crowdfunding credit services, the creditor or, where applicable, the provider of crowdfunding credit services makes a thorough assessment of the consumer’s creditworthiness. That assessment shall be done in the interest of the consumer, to prevent irresponsible lending practices and over-indebtedness, and shall take appropriate and proportionate account of factors relevant to verifying the prospect of the consumer to meet his or her obligations under the credit agreement or the agreement for the provision of crowdfunding credit services, according to the nature, duration and the risk profile of the consumer.
2022/02/28
Committee: ECON
Amendment 303 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 2 – subparagraph 2
The information obtained in accordance with this paragraph shall be appropriately verified, where necessary through reference to independently verifiable documentation or by statistical methods with automated decision-making.
2022/02/28
Committee: ECON
Amendment 307 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 3 – subparagraph 2
Member States shall also require that the creditor or the provider of crowdfunding credit services documents and maintains the information referred to in paragraph 2.deleted
2022/02/28
Committee: ECON
Amendment 310 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 4 – subparagraph 1
4. Member States shall ensure that the creditor or the provider of crowdfunding credit services only makes the credit available to the consumer where the result of the creditworthiness assessment indicates that the obligations resulting from the credit agreement or the agreement for the provision of crowdfunding credit services are likely to be met in the manner required under that agreement. However, a positive creditworthiness assessment should not constitute an obligation for the creditor to provide credit.
2022/02/28
Committee: ECON
Amendment 321 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 6
6. Where the creditworthiness assessment involves the use of profiling or other automated processing of personal data, Member States shall ensure that the consumer has the right to: (a) request and obtain human intervention on the part of the creditor or the provider of crowdfunding credit services to review the decision; (b) creditor or the provider of crowdfunding credit services a clear explanation of the assessment of creditworthiness, including on the logic and risks involved in the automated processing of personal data as well as its significance and effects on the decision; (c) express his or her point of view and contest the assessment of the creditworthiness and the decision.deleted request and obtain from the
2022/02/28
Committee: ECON
Amendment 331 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 9 a (new)
9a. Notwithstanding the preceding paragraphs and for proportionality reasons, for credits Agreements below the amount of EUR 250 or credit agreements under the terms of which the credit has to be repaid within three months, the creditor complies with the requirements of this article through the consultation of the relevant databases referred to in article 19 of the directive.
2022/02/28
Committee: ECON
Amendment 332 #

2021/0171(COD)

Proposal for a directive
Article 18 – paragraph 9 b (new)
9b. Member States shall require that each creditors, credit intermediaries and providers of crowdfunding credit services that are not credit institutions as defined in Article 4(1), point(1), of Regulation (EU) No 575/2013 , authorised to consult the relevant databases referred to in article 19, are obliged to the enrichment of them.
2022/02/28
Committee: ECON
Amendment 343 #

2021/0171(COD)

Proposal for a directive
Article 21 – paragraph 3 a (new)
3a. In the case of credit agreements in the form of overdraft facilities where the credit has to be repaid on demand or between one and three months as referred to in Article 2(4b), the following shall be specified in a clear and concise manner: (a) the type of credit; (b) the identities and geographical addresses of the contracting parties as well as, if applicable, the identity and geographical address of the credit intermediary involved; (c) the duration of the credit agreement; (d) the total amount of the credit and the conditions governing the drawdown; (e) the borrowing rate, the conditions governing the application of the borrowing rate and, where available, any index or reference rate applicable to the initial borrowing rate, as well as the periods, conditions and procedure for changing the borrowing rate and, if different borrowing rates apply in different circumstances, the above mentioned information in respect of all the applicable rates; (f) the annual percentage rate of charge and the total cost of the credit to the consumer, calculated at the time the credit agreement is concluded; all the assumptions used in order to calculate that rate as referred to in Article 19(2) in conjunction with Article 3(g) and (i) shall be mentioned; Member States may decide that the annual percentage rate of charge need not be provided; (g) an indication that the consumer may be requested to repay the amount of credit in full on demand at any time; (h) conditions governing the exercise of the right of withdrawal from the credit agreement; and (i) information concerning the charges applicable from the time such agreements are concluded and, if applicable, the conditions under which those charges may be changed.
2022/02/28
Committee: ECON
Amendment 352 #

2021/0171(COD)

Proposal for a directive
Article 24 a (new)
Article 24a 1. In good time before the consumer becomes bound by any credit agreement or offer concerning a credit agreement as referred to in Article 2(4b), the creditor and, where applicable, the credit intermediary shall, on the basis of the credit terms and conditions offered by the creditor and, if applicable, the preferences expressed and information supplied by the consumer, provide the consumer with the information needed to compare different offers in order to take an informed decision on whether to conclude a credit agreement. The information in question shall specify: (a) the type of credit; (b) the identity and geographical address of the creditor as well as, if applicable, the identity and geographical address of the credit intermediary involved; (c) the total amount of credit; (d) the duration of the credit agreement; (e) the borrowing rate; the conditions governing the application of that rate, any index or reference rate applicable to the initial borrowing rate, the charges applicable from the time the credit agreement is concluded, and, where applicable, the conditions under which those charges may be changed; (f) the annual percentage rate of charge, illustrated by means of representative examples mentioning all the assumptions used in order to calculate that rate; (g) the conditions and procedure for terminating the credit agreement; (h) where applicable, an indication that the consumer may be requested to repay the amount of credit in full at any time; (i) the interest rate applicable in the case of late payments and the arrangements for its adjustment, and, where applicable, any charges payable for default; (j) the consumer's right to be informed immediately and free of charge, pursuant to Article 19(2), of a database consultation carried out for the purposes of assessing his creditworthiness; (k) information about the charges applicable from the time such agreements are concluded and, if applicable, the conditions under which those charges may be changed; (l) if applicable, the period of time during which the creditor is bound by the pre-contractual information. Such information shall be provided by digital message and, if required by the consumer, on paper or on another durable medium and all information shall be equally prominent. It may be provided by means of the European Consumer Credit Information form set out in Annex III. The creditor shall be deemed to have fulfilled the information requirements in this paragraph and in Article 3(1) and (2) of Directive 2002/65/EC if he has supplied the European Consumer Credit Information. 2. Member States may decide that the annual percentage rate of charge need not be provided. 3. However, in the case of voice telephony communications and where the consumer requests that the overdraft facility be made available with immediate effect, the description of the main characteristics of the financial service shall include at least the items referred to in points (c), (e), (f) and (h) of paragraph 1. 4. Upon request, the consumer shall, in addition to receiving the information referred to in paragraphs 1 to 4, be supplied free of charge with a copy of the draft credit agreement containing the contractual information provided for by Article 21 insofar as that Article is applicable. This provision shall not apply if the creditor is at the time of the request unwilling to proceed to the conclusion of the credit agreement with the consumer. 5. If the agreement has been concluded at the consumer's request using a means of distance communication which does not enable the information to be provided in accordance with paragraph 1, the creditor shall immediately after the conclusion of the credit agreement fulfil his obligations under paragraph 1 by providing the contractual information pursuant to Article 21 insofar as that Article is applicable.
2022/02/28
Committee: ECON
Amendment 359 #

2021/0171(COD)

Proposal for a directive
Article 26 – paragraph 1 – subparagraph 2 – point b
(b) the day on which the consumer receives the contractual terms and conditions and informationinformation of the right of withdrawal in accordance with Articles 20 and 21, if that day is later than the date referred to in point (a) of this subparagraph.
2022/02/28
Committee: ECON
Amendment 361 #

2021/0171(COD)

Proposal for a directive
Article 26 – paragraph 1 – subparagraph 3 a (new)
The period of withdrawal shall end the latest one year and 14 days after the Conclusion of the credit agreement.
2022/02/28
Committee: ECON
Amendment 381 #

2021/0171(COD)

Proposal for a directive
Article 31
Article 31 Caps on interest rates,deleted Member States shall introduce interest rates applicable to credit the annual percentage rate of charge and the total cost of the credit to the consumer 1. caps on one or more of the following: (a) agreements or to crowdfunding credit services; (b) charge; (c) consumer. 2. additional caps for revolving credit facilities.Member States may introduce
2022/02/28
Committee: ECON
Amendment 386 #

2021/0171(COD)

Proposal for a directive
Article 31 – paragraph 1 – introductory part
1. Member States shallmay introduce caps on one or more of the following:
2022/02/28
Committee: ECON
Amendment 426 #

2021/0171(COD)

Proposal for a directive
Article 35 – paragraph 1 – introductory part
1. Member States shallmay require creditors to have adequate policies and procedures so that they make efforts to exercise, where appropriate, reasonable forbearance before enforcement proceedings are initiated. Such forbearance measures shall take into account, among other elements, the consumer’s circumstances and may consist in, among other possibilities:
2022/02/28
Committee: ECON
Amendment 470 #

2021/0171(COD)

Proposal for a directive
Article 47 – paragraph 2
Directive 2008/48/EC shall also continue to apply to credit agreements existing on [OP: please insert date - six12 months from the transposition deadline] until [their termination].
2022/02/28
Committee: ECON
Amendment 472 #

2021/0171(COD)

Proposal for a directive
Article 47 – paragraph 3
However, Articles 23 and 24, Article 25(1), second sentence, Article 25(2) and Articles 28 and 39 of this Directive shall apply to all open-end credit agreements existing on [OP: please insert date - six12 months from the transposition deadline].
2022/02/28
Committee: ECON
Amendment 479 #

2021/0171(COD)

Proposal for a directive
Annex II
STANDARD EUROPEAN CONSUMER CREDIT OVERVIEW [...] Wherever ‘where applicable’ is indicated, the creditor or the provider of crowdfunding credit services must fill in the box if the information is relevant to the credit product, or delete the information or the entire row where the information is not relevant for the type of credit concerned. Indications between square brackets provide explanations for the creditor or the provider of crowdfunding credit services and must be replaced with the corresponding information. The Standard European Consumer Credit Overview must be displayed on one page on top of the Standard European Consumer Credit Information form, be clearly legible and be adapted to take into account the technical constraints of media on which it is displayed.deleted
2022/02/28
Committee: ECON
Amendment 77 #

2021/0106(COD)

Proposal for a regulation
Recital 5 a (new)
(5 a) Welcomes the regulation on artificial intelligence, which aims to create legal certainty and coherence across the EU. Notes however, that the transport and tourism sectors are already regulated by sector specific rules, and recalls the need for ensuring the coherence and complementarity with the existing legislation. To avoid unnecessary overlap and double regulation, this Regulation should only apply when sector specific legislation posing equal or stricter rules is not already in place.
2022/05/04
Committee: TRAN
Amendment 103 #

2021/0106(COD)

Proposal for a regulation
Recital 44
(44) High data quality is essential for the performance of many AI systems, especially when techniques involving the training of models are used, with a view to ensure that the high-risk AI system performs as intended and safely and it does not become the source of discrimination prohibited by Union law. High quality training, validation and testing data sets require the implementation of appropriate data governance and management practices. Training, validation and testing data sets should be sufficiently relevant, representative and, up-to-date, free of errors to the best extent possible and as complete as possible in view of the intended purpose of the system. They should also have the appropriate statistical properties, including as regards the persons or groups of persons on which the high-risk AI system is intended to be used. In particular, training, validation and testing data sets should take into account, to the extent required in the light of their intended purpose, the features, characteristics or elements that are particular to the specific geographical, sectorial, behavioural or functional setting or context within which the AI system is intended to be used. In order to protect the right of others from the discrimination that might result from the bias in AI systems, the providers shouldbe able to process also special categories of personal data, as a matter of substantial public interest, in order to ensure the bias monitoring, detection, update and correction in relation to high- risk AI systems.
2022/05/04
Committee: TRAN
Amendment 111 #

2021/0106(COD)

Proposal for a regulation
Recital 71
(71) Artificial intelligence is a rapidly developing family of technologies that requires novel forms of regulatory oversight and a safe space for experimentation, while ensuring responsible innovation and integration of appropriate safeguards and risk mitigation measures. To ensure a legal framework that is innovation-friendly, future-proof and resilient to disruption, national competent authorities from one or more Member States should be encouraged to establish artificial intelligence regulatory sandboxes to facilitate the development and testing of innovative AI systems under strict regulatory oversight before these systems are placed on the market or otherwise put into service. It is especially important to ensure that SMEs and start-ups can easily access these sandboxes, are actively involved and participate in the development and testing of innovative AI systems, in order to be able to contribute with their knowhow and experience. Their participation should be supported and facilitated.
2022/05/04
Committee: TRAN
Amendment 115 #

2021/0106(COD)

Proposal for a regulation
Recital 76
(76) In order to facilitate a smooth, effective and harmonised implementation of this Regulation a European Artificial Intelligence Board should be established. The Board should be responsible for a number of advisory tasks, including issuing opinions, recommendations, advice or guidance on matters related to the implementation of this Regulation, including on technical specifications or existing standards regarding the requirements established in this Regulation and providing advice to and assisting the Commission on specific questions related to artificial intelligence. In order to ensure a common and consistent approach to the development of AI and ensure good cooperation and exchange of views, the Board should regularly consult other EU institutions as well as all sector-specific relevant stakeholders.
2022/05/04
Committee: TRAN
Amendment 116 #

2021/0106(COD)

Proposal for a regulation
Recital 77 a (new)
(77 a) To encourage knowledge sharing from best practices, the Commission should organise regular consultative meetings for knowhow exchange between different Member States' national authorities responsible for notification policy.
2022/05/04
Committee: TRAN
Amendment 202 #

2021/0106(COD)

Proposal for a regulation
Article 10 – paragraph 3
3. Training, validation and testing data sets shall be relevant, representative, up-to- date, free of errors to the best extent possible and as complete as possible. They shall have the appropriate statistical properties, including, where applicable, as regards the persons or groups of persons on which the high-risk AI system is intended to be used. These characteristics of the data sets may be met at the level of individual data sets or a combination thereof.
2022/05/04
Committee: TRAN
Amendment 236 #

2021/0106(COD)

Proposal for a regulation
Article 39 a (new)
Article 39 a Exchange of knowhow and best practices The Commission shall facilitate regular consultative meetings for the exchange of knowhow and best practices between the Member States' national authorities responsible for notification policy.
2022/05/04
Committee: TRAN
Amendment 239 #

2021/0106(COD)

Proposal for a regulation
Article 41 – paragraph 2
2. The Commission, when preparing the common specifications referred to in paragraph 1, shall gather the views of relevant bodies or expert groups established under relevant sectorial Union law, as well as relevant sector-specific stakeholders.
2022/05/04
Committee: TRAN
Amendment 253 #

2021/0106(COD)

Proposal for a regulation
Article 53 – paragraph 1 a (new)
1 a. The organisers of AI regulatory sandboxes shall ensure an easy access for SMEs and start-ups by facilitating and supporting their participation and mitigating administrative burden, which might arise from joining.
2022/05/04
Committee: TRAN
Amendment 263 #

2021/0106(COD)

Proposal for a regulation
Article 57 – paragraph 1
1. The Board shall be composed of the national supervisory authorities, who shall be represented by the head or equivalent high-level official of that authority, and the European Data Protection Supervisor. Other national, regional and local authorities may be invited to the meetings, where the issues discussed are of relevance for them.
2022/05/04
Committee: TRAN
Amendment 265 #

2021/0106(COD)

Proposal for a regulation
Article 57 – paragraph 3 a (new)
3 a. The Board shall organise consultations with stakeholders at least twice a year. Such stakeholders shall include representatives from industry, SMEs and start-ups, civil society organisations such as NGOs, consumer associations, the social partners and academia, to assess the evolution of trends in technology, issues related to the implementation and the effectiveness of this Regulation, regulatory gaps or loopholes observed in practice.
2022/05/04
Committee: TRAN
Amendment 271 #

2021/0106(COD)

Proposal for a regulation
Article 60 – paragraph 3
3. Information contained in the EU database shall be accessible to the public, user-friendly, easily navigable and machine-readable.
2022/05/04
Committee: TRAN
Amendment 280 #

2021/0106(COD)

Proposal for a regulation
Article 69 – paragraph 3
3. Codes of conduct may be drawn up by national, regional or local authorities, by individual providers of AI systems or by organisations representing them or by both, including with the involvement of users and any interested stakeholders and their representative organisations. Codes of conduct may cover one or more AI systems taking into account the similarity of the intended purpose of the relevant systems.
2022/05/04
Committee: TRAN
Amendment 6 #

2020/2276(INI)

Draft opinion
Recital A
A. whereas the blue economy in the Atlantic ocean accounts forgenerated EUR 73.4 billion of Gross Value Added (GVA) representing 36 % of the EU’s blue economy gross added value and employed 1.29 million people in 2017;
2021/03/24
Committee: TRAN
Amendment 12 #

2020/2276(INI)

Draft opinion
Recital B
B. whereas increased coordination and cooperation between the Atlantic regions constitute the only way forward towards mitigating the effects of the current COVID-19 crisis and the side effects of Brexit;
2021/03/24
Committee: TRAN
Amendment 22 #

2020/2276(INI)

Draft opinion
Paragraph 1
1. Supports the principle of sustainable development as the main driver for economic growth in the EU and particularly in the Atlantic area, through maritime transport, shipbuilding, biotechnology, fishing and aquaculture, green tourism, offshore wind, wave and tidal energy; calls on the Commission to promote research, development and place based innovation as tools that contribute towards the clean energy transition, in the areas of renewables, alternative fuels and the diversification of the EU’s energy sources as well as to be able to interconnect the territorial smart specialisation strategies pivotal for new industrial value chains;
2021/03/24
Committee: TRAN
Amendment 25 #

2020/2276(INI)

Draft opinion
Paragraph 1 a (new)
1 a. Points out that a revamped blue economy in the Atlantic Area can contribute to the clean energy transition, via the rising potential of offshore renewable energies and the more sustainable management of maritime space;
2021/03/24
Committee: TRAN
Amendment 28 #

2020/2276(INI)

Draft opinion
Paragraph 1 b (new)
1 b. Recalls the importance of incentivising and investing in value chains for economically viable and sustainable products, processes and businesses aiming at achieving climate neutrality, resource efficiency, circularity, while maintaining and developing international competitiveness;
2021/03/24
Committee: TRAN
Amendment 41 #

2020/2276(INI)

Draft opinion
Paragraph 3
3. Calls on the Commission to focus on further ways to boost the decarbonisation of maritime transport as a way to promote investments towards sustainability; in this regard, a shift towards a more sustainable and multimodal transport system, the renovation of the existing infrastructures, the completion of those included in the TEN-T for the Atlantic Arc, the modernisation, the digitization and automation and the transition towards a circular economy-based business model must become priorities of utmost importance in the area;
2021/03/24
Committee: TRAN
Amendment 54 #

2020/2276(INI)

Draft opinion
Paragraph 4
4. Highlights the fact that investment in coordination and cooperation between seaports, which act as gateways and hubs, is a priority for the blue economy; stresses that ports must play a key role in the shift towards sustainability and achievingof green costal tourism, aquaculture, shipbuilding, logistics and marine renewable industries, to ensure that all parts of the region can benefit from the growth of a Smart and Sustainable maritime transport and achieve balanced growth distribution across the territory;
2021/03/24
Committee: TRAN
Amendment 58 #

2020/2276(INI)

Draft opinion
Paragraph 4 a (new)
4 a. Highlights the importance of enhancing the role of Atlantic ports and the need of investments in smart infrastructures, as well as the development and sustainable management of green ports which should enable further capacities to accommodate trade growth; in this regard, stresses the need of installing recharging and refuelling infrastructure for alternative fuels in ports and cargo terminals, which would significantly improve the air and water quality in coastal areas; recalls, in this context, the importance of adopting an integrated approach to the management of maritime, coastal zones and the hinterland, in particular by encouraging blue mobility plans that promote inter- modal transport services, intelligent mobility laboratories and green and sustainable Atlantic tourism routes;
2021/03/24
Committee: TRAN
Amendment 65 #

2020/2276(INI)

Draft opinion
Paragraph 4 b (new)
4 b. Urges the European Commission to present a plan at European level, with the collaboration of national, regional and local administrations, to address the effects of climate change on sea level rise and river mouths and to propose solutions to adapt ports, infrastructure and coastal areas to prevent disasters;
2021/03/24
Committee: TRAN
Amendment 69 #

2020/2276(INI)

Draft opinion
Paragraph 5
5. Supports sustainable practices in coastal and maritime tourism, since they are essential for the competitiveness of the Atlantic area and in the creation of high- value jobs focusing on blue education and vocational training with a dedicated “Blue Erasmus programme” so as to attract young talents to all the sectors of the blue economy in the area, such as shipbuilding, energy, circular economy, marine sector and sustainable tourism in order to initiate a Atlantic Campus for advanced STEM (science, technology, engineering and mathematics) education and training related to the blue economy and the European Green Deal;
2021/03/24
Committee: TRAN
Amendment 77 #

2020/2276(INI)

Draft opinion
Paragraph 6
6. Highlights the need to protect and promote the attractiveness of the Atlantic coastal areas, landscapes and cultural heritage using a holistic approach. which can include the development of alternative and thematic tourism products, with a view to enhancing the region’s profile as a tourist destination and ensuring a sustainable economy; emphasises, therefore, setting up designations of origin and quality labels for agricultural, fishing and aquaculture products produced in the Atlantic regions to further spur gastronomic and cultural tourism;
2021/03/24
Committee: TRAN
Amendment 86 #

2020/2276(INI)

Draft opinion
Paragraph 6 a (new)
6 a. Calls on the Commission and Participating Countries to begin negotiations with the UK without delay on an ad-hoc agreement to determine the status, the scope and the terms of its participation as Third Country in the Atlantic Action Plan 2.0;
2021/03/24
Committee: TRAN
Amendment 89 #

2020/2276(INI)

6 b. Stresses the importance of a solid governance structure for effective implementation of the Atlantic Action Plan 2.0 involving all relevant stakeholders at EU, national, regional and local levels, backed by all available financial instruments in response to the COVID-19 crisis, and taking as reference the European Green Deal where the pivotal role of the blue economy as a one of the key sectors to reach its objectives is clearly recalled;
2021/03/24
Committee: TRAN
Amendment 92 #

2020/2276(INI)

Draft opinion
Paragraph 6 c (new)
6 c. Believes that the Commission should keep carrying out regular monitoring and reviews of how the Atlantic Action Plan 2.0 thematic pillars and relevant goals are implemented, and provide, together with the Member States involved, necessary funding for proper project implementation; stresses the need to ensure the continuity of territorial cooperation programmes, such as the Interreg Atlantic Area programme, the BlueInvest platform and encourages the public-private partnerships and further possibilities for combination of public investments from national and EU budgets with private funding being able to draw on the resources of all European programmes;
2021/03/24
Committee: TRAN
Amendment 95 #

2020/2276(INI)

Draft opinion
Paragraph 6 d (new)
6 d. Urges the Outermost Regions to be considered as special areas, where priority should be given to quality employment as well as accessibility and connectivity by sea and air should be strengthened in order to facilitate their development and cohesion on an equal footing with the mainland;
2021/03/24
Committee: TRAN
Amendment 97 #

2020/2276(INI)

Draft opinion
Paragraph 6 e (new)
6 e. Expresses that the Outermost Regions are offering further opportunities for the development of renewable energies, sustainable tourism and the circular economy, being an environment of excellent marine biodiversity;
2021/03/24
Committee: TRAN
Amendment 19 #

2020/2259(INI)

Motion for a resolution
Recital A
A. whereas the fiscal system must be reformed if the state is to continuemeasures to establishing the preconditions for inclusive and sustainable well-being require proportional and targeted adaptations in the fiscal system;
2021/04/16
Committee: ECON
Amendment 29 #

2020/2259(INI)

Motion for a resolution
Recital B
B. whereas the economic recovery and the climate crisis have increased the need to mobilise more resources and re-evaluate the current taxation policieto abolish overly complex national taxation policies that only increase the risk of loopholes for tax evasion and distort competition in particular disadvantaging SMEs;
2021/04/16
Committee: ECON
Amendment 37 #

2020/2259(INI)

Motion for a resolution
Recital C
C. whereas tax morale is generally higher in countries that tax more heavily, which is evidence for the willingness of citizens to pay tax in return for effective public services9 ; _________________ 9 https://www.oecd- ilibrary.org/sites/0533eea9- en/index.html?itemId=/content/componen t/0533eea9-endeleted
2021/04/16
Committee: ECON
Amendment 81 #

2020/2259(INI)

Motion for a resolution
Paragraph 1
1. Considers that COVID-19 has given the EU a unique chance for a proper and holistic analysis of tax systems, how individual taxes interact and how they can be better coordinated to produce more flexible, resilient, green and fairer tax systems; recommends that Member States take this opportunity to build a new social-fiscal contract with citizens; underlines that this will help not only with raising revenues, but also with building trust and accountability between citizens and the state; stresses the need for coordination at EU level to avoid distortions and subsequent revenue losses;
2021/04/16
Committee: ECON
Amendment 130 #

2020/2259(INI)

Motion for a resolution
Paragraph 6
6. Notes that a significant amount of government funding is channeled through tax expenditure in the form of exemptions, deductions, credits, deferrals and reduced tax rates13 ; notes further that these overly complex national tax systems and in particular their various exemptions lead to loopholes; _________________ 13The tax-expenditure-to-GDP ratio is on average 4.5 percentage points in the EU; https://www.cepweb.org/reforming-tax- expenditures/;IMF, ‘Tax Policy for Inclusive Growth after the Pandemic’, 16 December 2020, https://www.imf.org/en/Publications/SPRO LLs/covid19-special-notes#fiscal
2021/04/16
Committee: ECON
Amendment 141 #

2020/2259(INI)

Motion for a resolution
Paragraph 7
7. Notes that COVID-19 has demonstrated that the current disproportionate reliance on labour income taxes and social contributions, which puts the onus on continued high levels of employment and consumption to fund government spending and policies, is neither sustainable nor economically effective;deleted
2021/04/16
Committee: ECON
Amendment 155 #

2020/2259(INI)

Motion for a resolution
Paragraph 8
8. Notes with concern that the impact of the COVID-19 pandemic is highly regressive, with the poorest households being the most severely hit14 ; regrets that large companies that realise excess profits, such as e-commerce businesses and wealthy individuals who realise significant capital gains through speculation, are often undertaxedcalls the need to find a fair and proportionate taxation for multinational enterprises that are even benefiting from the current crisis and a new normal in the digital sphere; _________________ 14OECD, ‘Tax and Fiscal Policy in Response to the Coronavirus Crisis: Strengthening Confidence and Resilience’, 19 May 2020,https://www.oecd.org/ctp/tax- policy/tax-and-fiscal-policy-in-response- to-the-coronavirus-crisis-strengthening- confidence-and-resilience.htm
2021/04/16
Committee: ECON
Amendment 187 #

2020/2259(INI)

Motion for a resolution
Paragraph 11
11. Warns that national budgets cannot rely on environmental taxes alone, as some of these revenues will fall as environmental harm decreases over time; calls on Member States to develop holistic tax reforms, shifting taxation from labour to not only pollution but also capital and wealth16 ; _________________ 16European Commission, ‘Tax policies in the European Union’ survey, 2020, https://ec.europa.eu/taxation_customs/busi ness/company-tax/tax-good- governance/european-semester/tax- policies-european-union-survey_en; calls on Member States to develop holistic tax reforms, installing a fair and transparent tax system making everyone pay a fair share;
2021/04/16
Committee: ECON
Amendment 215 #

2020/2259(INI)

Motion for a resolution
Paragraph 14
14. WelcomesTakes note of initiatives taken by the Commission within the framework of the Green Deal; notes with concern that no clear and holistic guidance exists on how taxation should contribute to achieving the goals set out in the Green Deal and considers that the taxation syhe costs of the implementation of the green deal is to be shouldered, particularly by SMEs, in particular with a view on the large bureaucratic burden that not at last em should therefore be reformederges due to the Taxonomy regulation;
2021/04/16
Committee: ECON
Amendment 143 #

2020/2258(INI)

Motion for a resolution
Paragraph 11
11. Insists that the future implementation of new EU tools against HTP should prioritise the recourse to legislative instruments and explore the provisions of the TFEU allowing decision-making to be facilitated, such as qualified majority voting;deleted
2021/06/02
Committee: ECON
Amendment 172 #

2020/2258(INI)

Motion for a resolution
Paragraph 14
14. Highlights the non-binding nature of the CoC; deplores the fact that Member States could maintain a harmful regime without facing any repercussions;
2021/06/02
Committee: ECON
Amendment 180 #

2020/2258(INI)

Motion for a resolution
Paragraph 15
15. Calls for a revision of the criteria, the governance and the scope of the CoC through a legally binding instrument that should replace the current intergovernmental arrangements and allow for a transition to qualified majority voting; requires that Parliament be included in the process of designing and adopting new policies and criteria to combat HTP;deleted
2021/06/02
Committee: ECON
Amendment 87 #

2020/2223(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Calls on the Commission to ensure that EU funding measures in response to the COVID-19 crisis, including through the Recovery and Resilience Facility, do not favour monopolistic undertakings, notably in critical sectors such as telecommunications; urges the Commission to set up an oversight mechanism to verify any potential distortions of competition derived from inappropriate use of RFF funding;
2021/02/03
Committee: ECON
Amendment 110 #

2020/2223(INI)

Motion for a resolution
Paragraph 7
7. Reiterates the priority of ensuring that State aid rules are strictly and impartially adhered to, including when dealing with future banking crises, so that taxpayers are protected against the burden of bank rescuecalls on the Commission to examine swiftly the discrepancies between the rules on State aid in the area of liquidation aid and the resolution regime under the Bank Recovery and Resolution Directive (‘BRR Directive’), and to revise its Banking Communication of 30 July 2013 accordingly, including in light of recent cases, taking into account the need to protect taxpayers;
2021/02/03
Committee: ECON
Amendment 212 #

2020/2223(INI)

17. Takes the view that new competition tools might be needed to deal with structural competition problems across digital markets which current rules cannot address in the most effective manner; stresses the role of the European Competition Network to share best practices in this regard;
2021/02/03
Committee: ECON
Amendment 230 #

2020/2223(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Calls on the Commission to make a more regular use of interim measures to stop practices that would seriously harm competition and markets; Regrets that they have been used only once in 20 years;
2021/02/03
Committee: ECON
Amendment 253 #

2020/2223(INI)

Motion for a resolution
Paragraph 22
22. Stresses the importance of helping consumers and users to gain greater control over, and take responsibility for, their own data and identity, and calls for a high level of protection of personal data while increasing the levels of transparency and accountability of digital services; recalls that consumers have no other choice than giving their consent if they do not want to lose access to some services offered by online platforms;
2021/02/03
Committee: ECON
Amendment 304 #

2020/2223(INI)

Motion for a resolution
Paragraph 28 a (new)
28 a. Stresses the importance of state aid framework for important projects of common European interest (IPCEI) to allow massive investments in breakthrough technologies; calls on the Commission with regards to the upcoming revision of the IPCEI Communication to clarify selection rules for these projects, to revise some implementation criteria as well as to allow the possibility to more easily mobilize co-financing from the EU, in particular to facilitate the participation of partners from small Member States;
2021/02/03
Committee: ECON
Amendment 325 #

2020/2223(INI)

Motion for a resolution
Paragraph 31
31. Recalls that cartels represent some of the most serious violations of competition law and monopolies the most concerning form of market concentration that the European Union has been seeking to break down by sector-specific regulation and competition law enforcement;
2021/02/03
Committee: ECON
Amendment 333 #

2020/2223(INI)

Motion for a resolution
Paragraph 32
32. Suggests looking into ‘killer acquisition’ practices that could jeopardise innovation; welcomes the announcement of the European Commission to start accepting referrals from national competition authorities of mergers that are worth reviewing at the EU level; calls on the Commission to review and to issue guidelines on its referral practice based on Article 22 of Regulation 139/2004 in parallel with the obligation to inform about concentrations foreseen in the Digital Markets Act;
2021/02/03
Committee: ECON
Amendment 4 #

2020/2140(DEC)

Draft opinion
Paragraph 4 a (new)
4 a. Welcomes the launch in2019 of the “Greening the blue” project that aims at reducing emissions and producing more efficient propulsion systems with a foldable windsail solution; notes that it was funded by the European Maritime and Fisheries Fund;
2020/12/15
Committee: TRAN
Amendment 5 #

2020/2140(DEC)

5. Notes that by the sixth year of the current programming period 2014-2020 only around 31% of the funds initially awarded had resulted in payments by January 2020, putting into question the full implementation of CEF; calls on Member States to significantly speed up investments and on the Commission to step up its monitoring in view of the urgent need for infrastructure investment for the speedy recovery from the Covid-19 related economic downturn; calls on the Commission to ensure the long-term and coherent planning of commitments and calls and to enhance the link between funding and the achievement of projects milestones in order to ensure the timely completion of the core TEN-T networks; notes the need to prioritize the global network when using the ESIF available for road projects in complementarity to the core network.
2020/12/15
Committee: TRAN
Amendment 10 #

2020/2140(DEC)

Draft opinion
Paragraph 6
6. Reiterates its support to the addition of a pillar of military mobility to TEN-T policy with adoption of the Action Plan in March 2018; regrets that the proposal by the Commission and European Parliament to include a new envelope dedicated to military mobility needs of EUR 6,5 billion under the CEF budget for 2021-2027 has been drastically reduced; notes the importance of increasing our capacities to react to emergency situations that military mobility could support;
2020/12/15
Committee: TRAN
Amendment 14 #

2020/2140(DEC)

Draft opinion
Paragraph 7
7. Reiterates the Parliament’s request for the creation of a new budgetary line for Tourism, to support this sector severely hit by the Covid-19 crisisin order to finance a tourism fit for the future, digitalized and sustainable; welcomes that the Court has launched an audit to assess tourism projects co-funded with EUR 6.4 billion in 2007-2013 and EUR 4 billion so far in 2014-2020 ERDF and Cohesion Fund money, which will help improving EU Tourism policies;
2020/12/15
Committee: TRAN
Amendment 58 #

2020/2122(INI)

Motion for a resolution
Recital F
F. whereas prudential supervision is necessary and the fight against fraud and anti-money laundering supervision is necessarhould be a priority;
2021/05/27
Committee: ECON
Amendment 71 #

2020/2122(INI)

Motion for a resolution
Recital I
I. whereas the crisis management and deposit insurance (CMDI) framework should be proportional, more efficient and more coherent, and should contribute to financial stability, the end of implicit guarantees and the protection of taxpayers;
2021/05/27
Committee: ECON
Amendment 83 #

2020/2122(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the entry of Bulgaria and Croatia into the Banking UnionExchange Rate Mechanism (ERM II) and therefore into the Banking Union, and stresses that participation in these schemes is inextricably linked up with prudent financial policy;
2021/05/27
Committee: ECON
Amendment 91 #

2020/2122(INI)

Motion for a resolution
Paragraph 2
2. Recalls that the Banking Union has delivered the institutional set-up for greater market integration, through the SSM and the SRM, while a European deposit insurance scheme (EDIS) is still lackpending;
2021/05/27
Committee: ECON
Amendment 131 #

2020/2122(INI)

Motion for a resolution
Paragraph 6
6. NotWelcomes the ‘quick fix’ to the Capital Requirements Regulation31 extending transitional arrangements in order to support banks’ lending capacity32 ; _________________ 31Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). 32Regulation (EU) 2020/873 of the European Parliament and of the Council of 24 June 2020 amending Regulations (EU) No 575/2013 and (EU) 2019/876 as regards certain adjustments in response to the COVID-19 pandemic (OJ L 204, 26.6.2020, p. 4).
2021/05/27
Committee: ECON
Amendment 145 #

2020/2122(INI)

Motion for a resolution
Paragraph 8
8. Calls for a well-orchestEmphasises the exceptional nature of a pandemic and the temporary characted shift from pandemic relief to recovery support toolr of the relief measures put in place to limit economic damage, and notes that economic support measures must remain tailored to current and expected economic circumstances;
2021/05/27
Committee: ECON
Amendment 161 #

2020/2122(INI)

Motion for a resolution
Paragraph 9
9. Notes the accelerated pace of digitalisation in the banking sector, while pointing to theobserving an insufficient level of investment in this area; welcomes the adoption of the digital finance package by the Commission; and, in particular, the proposal for a Digital Operational Resilience Act (DORA) in order to ensure financial entities put in place the adequate safeguards to mitigate the impact of ICT related incidents;
2021/05/27
Committee: ECON
Amendment 187 #

2020/2122(INI)

Motion for a resolution
Paragraph 12
12. Notes the interdependencies between banks and central counterparties (CCPs), highlights in this regard the risks of excessive reliance on UK CCPs and welcomes the measures setting the criteria for classifying third-country CCPs adopted by the COM during the past year;
2021/05/27
Committee: ECON
Amendment 194 #

2020/2122(INI)

Motion for a resolution
Paragraph 13
13. Regrets the failure to ensure full gender balance in EU financial institutions and bodies; and asks for future appointments to be in line with the European Parliament resolution of 14 March 2019 on gender balance in EU economic and monetary affairs nominations;
2021/05/27
Committee: ECON
Amendment 209 #

2020/2122(INI)

Motion for a resolution
Paragraph 16
16. Notes that sound management of credit risk should remain thea key priority for the SSM;
2021/05/27
Committee: ECON
Amendment 213 #

2020/2122(INI)

Motion for a resolution
Paragraph 17
17. Stresses that ensuring proper and timely management of deteriorated exposures will be key to preventing a build-up of non-performing loans (NPLs) in the short termas a result of Covid-19 health measures, and calls for the final adoption of an adequate regime to manage the increase in NPLs;
2021/05/27
Committee: ECON
Amendment 224 #

2020/2122(INI)

Motion for a resolution
Paragraph 18
18. SRecognises the role played by banks in supporting businesses and the real economy during the pandemic, and stresses that banks should diligently assess the financial soundness and viability of businesses, proactively engage with distressed debtors to manage their exposures, and offer financing and restructuring options to viable companies;
2021/05/27
Committee: ECON
Amendment 262 #

2020/2122(INI)

Motion for a resolution
Paragraph 22
22. Is concerned that as Member States sell increasing amounts of sovereign bonds, their share in banks’ balance sheets grows, potentially aggravating the doom loop; considers that the creation ofhigh-quality European assets introduced by Next Generation EU will providdo not fully resolve thigh-quality European assetss issue;
2021/05/27
Committee: ECON
Amendment 273 #

2020/2122(INI)

Motion for a resolution
Paragraph 23
23. Notes that the EU-wide stress test launched on 29 January 2021 aims to test capital trajectories of banks in a situation of worsening asset quality; regrets however that the sample of 51 banks selected in the exercise is too narrow; calls on the EBA to enlarge the scope in subsequent stress test exercises; stresses that in the run-up to a possible EDIS it is all the more important to build trust by running stress tests and asset quality reviews on a rolling sample of LSIs;
2021/05/27
Committee: ECON
Amendment 277 #

2020/2122(INI)

Motion for a resolution
Paragraph 24
24. NotWelcomes the efforts of the SSM to provide guidance and clarity to banks for self-assessing and appropriately reporting environmental and climate change-related risks; considers the SSM climate risk stress test an important step in evaluating banks’ practices and identifying concrete areas of improvement;
2021/05/27
Committee: ECON
Amendment 286 #

2020/2122(INI)

Motion for a resolution
Paragraph 25
25. Notes the EBA’s role in leading, coordinating and monitoring the EU financial sector’s fight against money laundering and terrorist financing; and looks forward to the Commission’s proposal on Anti Money Laundering regulation;
2021/05/27
Committee: ECON
Amendment 301 #

2020/2122(INI)

Motion for a resolution
Paragraph 28
28. Trusts that the introduction of a backstop into the SRF earlier than originally envisaged is positive for the strengthening of the crisis management frameworkNotes the earlier introduction than originally envisaged of the backstop into the SRF;
2021/05/27
Committee: ECON
Amendment 303 #

2020/2122(INI)

Motion for a resolution
Paragraph 28 a (new)
28 a. Insists on holding banks solely responsible for their performance instead of letting taxpayers shoulder the burden of a crisis management framework, in particular of the new lending facility under the common backstop framework;
2021/05/27
Committee: ECON
Amendment 316 #

2020/2122(INI)

Motion for a resolution
Paragraph 30
30. Considers it necessary to have in place an EU liquidation regime for more harmonised framework, avoiding limbo situations, in the handling of banks for which the SRB assesses that there is no public interest in resolution;
2021/05/27
Committee: ECON
Amendment 320 #

2020/2122(INI)

Motion for a resolution
Paragraph 30 a (new)
30 a. Recalls the important role of the SRM to provide stability and clarity for the banking sector, investors and consumers and to protect taxpayers; calls for the SRM to be used to its full potential to ensure the orderly resolution of any failing bank with minimal costs to the tax payer and the real economy; believes that if more European banks were subject to the SRM framework then the more consistent treatment of failing banks would better protect European taxpayers, improve market discipline and reduce the burden on other solvent banks and taxpayers;
2021/05/27
Committee: ECON
Amendment 375 #

2020/2122(INI)

Motion for a resolution
Paragraph 36 a (new)
36 a. Notes that steps have already been undertaken toward the direction of an EDIS, such as the harmonization of national Deposit Guarantee Schemes, guaranteeing up to 100.000 euros in banking deposits;
2021/05/27
Committee: ECON
Amendment 378 #

2020/2122(INI)

Motion for a resolution
Paragraph 36 b (new)
36 b. Notes that the possibility of inter- DGS lending already exists;
2021/05/27
Committee: ECON
Amendment 379 #

2020/2122(INI)

Motion for a resolution
Paragraph 36 c (new)
36 c. Notes that further development of an EDIS should be linked to Assets Quality Reviews and risk reduction in the banking sector;
2021/05/27
Committee: ECON
Amendment 5 #

2020/2091(INI)

Draft opinion
Paragraph 1
1. Points out that, while transport- related emissions of most pollutants have fallen substantially in recent decades, persistent hotspots remain in the EU, where levels of air pollution are too high – especially in urban areas; , due to congestion, increased use of private vehicles, insufficient emission control measures, reduced green space and other factors; underlines that excessive levels of transport-related air pollution particularly represent a risk for the health of citizens living in urban areas and near transport hubs;
2021/01/18
Committee: TRAN
Amendment 16 #

2020/2091(INI)

Draft opinion
Paragraph 2
2. Believes that in order to improve the air quality in these hotspots, it is vital to move towards a more sustainable and less polluting transport system, especially in urban areas, while using all available means in the most effective way and taking into account the most recent scientific evidence and mobility infrastructure design, especially in urban areas and rural areas with lacking or underdeveloped public transport infrastructure, while using all available means in the most effective way and taking into account the most recent scientific evidence; calls on the Commission to assist Member States in carrying out regular transport infrastructure quality checks to identify the areas in need of decongestion and infrastructure optimisation, and take appropriate measures in these areas i.a. with the use of EU funding possibilities;
2021/01/18
Committee: TRAN
Amendment 31 #

2020/2091(INI)

Draft opinion
Paragraph 3
3. Encourages Member States to involve actively the local and regional authorities to devise and implement evidence-based, strategic sustainable urban mobility plans, aiming at a coordinated planning of policies, incentives and subsidies that target the various transport sectors and modes, such as measures to encourage the roll-out of e-charging and other alternative fuels, investment in sustainable and accessible public transport, infrastructure for active, shared and zero emission transport modes and demand- related measures, as well as raising public awareness measures and communication activities of the EU’s role in tackling air pollution;
2021/01/18
Committee: TRAN
Amendment 52 #

2020/2091(INI)

Draft opinion
Paragraph 4
4. Reiterates the importance of a substantial modal shift from road towards less polluting forms of transportation; underlines, in this regard, the urgent need to improve railroad infrastructure, especially under the framework of the Trans-European Transport Network, and to further ease and encourage intermodality; emphasises the need to improve working conditions for public transport workers, including investment in their reskilling, upskilling and training;
2021/01/18
Committee: TRAN
Amendment 60 #

2020/2091(INI)

Draft opinion
Paragraph 4 b (new)
4 b. Regrets that in some cases air quality readings are unreliable or cannot be obtained due to lacking network of sensors; underlines that adequate, harmonised and standardised air pollution reporting and monitoring methods and procedures need to be put in place in all Member States to guarantee that the collected data are exact, unadulterated and comparable;
2021/01/18
Committee: TRAN
Amendment 65 #

2020/2091(INI)

Draft opinion
Paragraph 5
5. Points out that the proper implementation and enforcement of the Air Quality Directives1 have proved challenging; urges, therefore, that Directive 2008/50/EC and all other existing legislation relating to transport emissions be properly implemented and enforced first before new measures are proposed.in a timely manner; encourages the Commission and the Member States to further cooperate with the WHO on the update of the Global Air Quality Guidelines according to the latest available evidence, so as to launch the subsequent revision of the existing EU legislation in the field of air quality, if needed and following an impact assessment; _________________ 1Directive 2004/107/EC of the European Parliament and of the Council of 15 December 2004 relating to arsenic, cadmium, mercury, nickel and polycyclic aromatic hydrocarbons in ambient air, OJ L 023 26.1.2005, p. 3, and Directive 2008/50/EC of the European Parliament and of the Council of 21 May 2008 on ambient air quality and cleaner air for Europe (OJ L 152, 11.6.2008, p. 1).
2021/01/18
Committee: TRAN
Amendment 69 #

2020/2091(INI)

Draft opinion
Paragraph 5 a (new)
5 a. Welcomes the Fitness check of the Ambient Air Quality Directives conducted by the Commission last year; furthermore, calls on the Commission to explore the ways for a swift and more efficient cooperation with national, regional and local authorities to foster the compliance with air quality legislation, i.a. with the use of the EU funding, under the EU Urban Agenda, through the Clean Air Dialogues, and in line with the European Green Deal objectives; calls on the Commission to provide technical assistance and expertise to the national, regional and local authorities encountering difficulties in enforcing and implementing air quality legislation;
2021/01/18
Committee: TRAN
Amendment 80 #

2020/2091(INI)

Draft opinion
Paragraph 5 c (new)
5 c. Encourages the Commission and the Member States to ensure that policies in the field of air quality pursue the zero pollution ambitions, in line with the Green Deal objectives; furthermore, highlights the importance of the recovery plans supporting competitiveness and innovation in the related sectors;
2021/01/18
Committee: TRAN
Amendment 53 #

2020/2075(INI)

Motion for a resolution
Paragraph 1
1. Welcomes the Commission communication of 3 March 2021 entitled ‘One year since the outbreak of COVID- 19: fiscal policy response’ and takes note of the proposed conditions for deactivating the general escape clause (GEC); highlightsagrees with the Commission that deactivation of the GEC should be conditional upon the health, social and economic sbased on an overall assessment of the state of the economy based on quantituation across Member States in order to ensure that fiscal support is provided for as long as neededve criteria; agrees that economic activity compared to pre-crisis levels should be the key criterion;
2021/04/23
Committee: ECON
Amendment 66 #

2020/2075(INI)

Motion for a resolution
Paragraph 2
2. Agrees with the European Fiscal Board (EFB) on the importance of having a clear pathway towards a reformedvision of the existing fiscal framework prior to the deactivation of the GEC;
2021/04/23
Committee: ECON
Amendment 75 #

2020/2075(INI)

Motion for a resolution
Paragraph 3
3. CallInvites on the Commission to put forward guidelines for a transition period until the new fiscal framework is in place, during which time no excessive deficit procedure should be activated and with thit will be possibilitly to use the ‘unusual event clause’ on a country- specific basis to prevent premature fiscal consolidation;
2021/04/23
Committee: ECON
Amendment 82 #

2020/2075(INI)

Motion for a resolution
Paragraph 4
4. Considers that economic indicators and adjustment paths need to be interpreted cautiously, but nonetheless complied with, and therefore calls for the code of conduct of the Stability and Growth Pact to be revised vis-à-vis the benchmarks needed to calculate such adjustment needs and paths; stresses that fiscal guidance should avoid pro-cyclical biases, promote upward convergence and sustainable, inclusive and digital growth in line with the European Green Deal and counteract macroeconomic imbalances; calls for special accounting treatment for loans from Next Generation EU (NGEU) related spending but stresses that the debt generated by NGEU should be proportionately included in any calculations reforming the SGP;
2021/04/23
Committee: ECON
Amendment 89 #

2020/2075(INI)

Motion for a resolution
Paragraph 5
5. Calls for a continued expansionary fiscal stance for as long as neededuntil the economy has reached pre-crisis levels, and for it to be shifted to support the recovery from the COVID-19 pandemic and a green, digital and inclusive transformation while ensuring fiscal sustainability; highlights that future generations will have to pay the debt that is created by the expansionary fiscal policies we implement over the next years; reiterates in this regard the importance of strictly monitoring the economic development in order deactivate the GEC;
2021/04/23
Committee: ECON
Amendment 134 #

2020/2075(INI)

Motion for a resolution
Paragraph 8
8. Stresses the importance of complementarity between monetary and fiscal policies to deliver the required support post-COVID-19; considers that the low interest rate environment has implications for fiscal policy; warns against a premature tightening of monetary and fiscal policy; recognises the potential negative impacts of a sharp increase in the interest rate environment but nonetheless stresses the importance of preserving the independence of the ECB in setting monetary policy;
2021/04/23
Committee: ECON
Amendment 173 #

2020/2075(INI)

Motion for a resolution
Paragraph 11
11. Highlights that debt levels have increased and that some Member States already have a sizeable debt legacy; notes that circumstances have changed since the Maastricht criteria were defined and that inflation and interest rate levels are considerably lowerhighlights the importance of lowering debt by reforming economies as set out in the country-specific recommendations under the European Semester in order to foster sustainable growth;
2021/04/23
Committee: ECON
Amendment 220 #

2020/2075(INI)

Motion for a resolution
Paragraph 15
15. Calls on the Commission to relaunch the debate on the reformview of the economic governance of the Union within the existing framework with a view to coming forward with a legislative proposal by the end of 2021; calls for a rethink of EU fiscal rules within the existing framework, also in view of the legacies of the pandemic, and supports the EFB’s conclusion that the fiscal framework has to be adapted;
2021/04/23
Committee: ECON
Amendment 295 #

2020/2075(INI)

Motion for a resolution
Paragraph 22
22. Shares the EFB’s opinion that sustainable growth-enhancing public investments should be exempt from the expenditure rule, in particular those investments that are aligned with the EU’s long-term objectives of the NGEU;deleted
2021/04/23
Committee: ECON
Amendment 341 #

2020/2075(INI)

Motion for a resolution
Paragraph 25
25. Welcomes the creation of the NGEU, which is financed through debt issuance guaranteed by the EU budget; underlines that EU-issuance debt22 will provide a new supply of European high- quality assets, which is a step towards a permanent EU safe assetis an unprecedented and unique move by the EU in order counter an exceptionally health crisis; highlights that tax payers will have pay back the debt between 2028- 2058; _________________ 22 NGEU & SURE bonds.
2021/04/23
Committee: ECON
Amendment 348 #

2020/2075(INI)

Motion for a resolution
Subheading 7
Macroeconomic Imbalance Procedure (MIP) reformview
2021/04/23
Committee: ECON
Amendment 355 #

2020/2075(INI)

Motion for a resolution
Paragraph 26
26. Stresses the importance of the MIP in identifying and taking preventive and corrective actions against emerging imbalances and competitiveness losses at an early stage; points out, however, that the potential of this mechanism has not been fully exploited on account of its structural weaknesses;
2021/04/23
Committee: ECON
Amendment 371 #

2020/2075(INI)

Motion for a resolution
Paragraph 27
27. Calls for the MIP to be reformviewed to make its indicators and recommendations more forward-looking and symmetrical with regard to over- and undershooting target values, and to focus on indicators under the control of policymakers and geared towards reducing intra-euro area imbalances; considers that greater compliance with pared-back recommendations must be achieved and MIP-relevant country-specific recommendations should focus on policy actions that can have a direct impact on imbalances and loss of competitiveness;
2021/04/23
Committee: ECON
Amendment 28 #

2020/2071(INI)

Draft opinion
Paragraph 1
1. Calls on the Member States to enhance their cooperation in order to improve the medical supply and distribution chain through better visibility and efficient monitoring, particularly on cross-especially on "green lane" border croutessings, and to establish corridors where medical supplies have priority of deliverycalls on Member States to implement the Green Lanes under the Guidelines for border management measures to protect health and ensure the availability of goods and essential services without unnecessary restrictions across borders;
2020/05/19
Committee: TRAN
Amendment 34 #

2020/2071(INI)

Draft opinion
Paragraph 1 a (new)
1 a. Highlights that the air freight is a crucial part of the pharmaceutical supply chain; and therefore calls on the Commission and the Member States to create dedicated hubs in the Union to build receiving points of air freight of medicines, active pharmaceutical ingredients and medical equipment insufficient capacity in order to cover needs of the supply chain as well as creating open routes between the Union and third countries for these essential goods; calls on the Member States to encourage cargo and express airlines to apply reasonable shipping rates for medical and emergency supplies;
2020/05/19
Committee: TRAN
Amendment 42 #

2020/2071(INI)

Draft opinion
Paragraph 3
3. Calls on the Member States to adopt strategic plans to upgrade their existing infrastructure for an efficient supply of medicines; deems it necessary to remove bottlenecks, boost intermodality (while favouring the shift to rail), finance the main hubs (ports, airports and intermodal platforms), and enhance the delivery of various types of goods, including dangerous goods crucial for the production of the chemical and pharmaceutical industry, in close cooperation with the Commission and with all interested stakeholders involved, to take coordinated measures and to adopt strategic plans to upgrade their existing infrastructure for an efficient supply of medicines; including by foreseeing the creation of European common strategic reserves, building on rescEU stockpile's initiative; deems it necessary to remove bottlenecks, boost intermodality, finance the main hubs, and enhance the delivery of various types of goods, including dangerous goods crucial for the production of the chemical and pharmaceutical industry; calls on the Member States to ensure that medical facilities and medical staff in place are reinforced, in order tobe able to carry out the increasing traffic volumes while restrictions are lifted;
2020/05/19
Committee: TRAN
Amendment 49 #

2020/2071(INI)

Draft opinion
Paragraph 3 a (new)
3 a. Welcomes the contribution of the armed forces of Member States to the supply chain of medicines and protective equipment during the COVID-19 outbreak; therefore, calls on the Commission and the Member States, in close cooperation with the European Medicines Agency, to enhance the cooperation for the use of national military resources, where available and necessary, to assist the supply chain of medicines and protective equipments among Member States, as part of PESCO cooperation framework;
2020/05/19
Committee: TRAN
Amendment 54 #

2020/2071(INI)

Draft opinion
Paragraph 4
4. Highlights the importance of IT systems in facilitating the exchange of information between the various actors involved in the transport logistics chain, including the customs authorities, with a view to optimising the distribution of medicines in the Member States and planning supply times more efficiently; calls on the Commission to carefully evaluate the benefits as well as the risks that artificial intelligence may bring for the fast and reliable delivery of medical supplies;
2020/05/19
Committee: TRAN
Amendment 56 #

2020/2071(INI)

Draft opinion
Paragraph 5
5. Notes the importance of guaranteeing high safety standards for both transport infrastructure, for transport workers and employees, making it possible to manage significant volumes in the supply chain without disruptions or posing risks to healthf the supply chains and without prejudice for the competent authorities to take proportionate and adapted measures to minimise the risks of contagion; furthermore, notes the importance of the careful management of the ambient and cold-chain warehouse capacity in inbound and outbound transport infrastructure and, if necessary, the introduction of emergency or self- certification of additional capacity of pharmaceutical products;
2020/05/19
Committee: TRAN
Amendment 64 #

2020/2071(INI)

Draft opinion
Paragraph 6
6. Stresses the importance of catering to specific transport needs at local and regional levels, particularly in rural, mountain, sparsely populated and insular areas that are more difficult to access and involve higher delivery costs; notes that there are new automated delivery tools, such as via drones, available on the market that could help operators to access these areas; e importance of their inclusion to the digital transition and also the need to accelerating the uptake of new solutions adapted to the needs of these areas, allowing connectivity, accessibility and affordability; stresses that the access to medicines in these areas should not in any case be hampered;
2020/05/19
Committee: TRAN
Amendment 74 #

2020/2071(INI)

Draft opinion
Paragraph 7
7. Notes that the COVID-19 outbreak has laid bare the weaknessighlighted the importance of cooperation and solidarity between Member States ofin the Europeanfield of medical production systemand supply, highlighting the importance of delivering medicines swiftly in urgent and exceptional circumstances that could arise in the future.
2020/05/19
Committee: TRAN
Amendment 1 #

2020/2058(INI)

Draft opinion
Recital A
A. whereas in the field of transport, more than EUR 700 billion in investment is needed for the Trans-European Transport Network alone between now and 2030 and additional investments are required for the deployment of innovative strategies, charging infrastructure and alternative fuels; whereas the modernisation of the EU transport system implies also significant investments into the upgrading and retrofitting of existing transport infrastructure;
2020/06/16
Committee: TRAN
Amendment 6 #

2020/2058(INI)

Draft opinion
Recital A a (new)
A a. whereas the EU needs to enable its transport industry to maintain its competitiveness and capacity to invest in Europe and make the transition to sustainable mobility a reality, thereby creating jobs and know-how in the EU;
2020/06/16
Committee: TRAN
Amendment 14 #

2020/2058(INI)

Draft opinion
Recital A b (new)
A b. whereas sustainable mobility in all modes of transport and an up-to-date multimodal infrastructure including the trans-European transport network (TEN- T) are crucial to reach a climate-neutral economy;
2020/06/16
Committee: TRAN
Amendment 16 #

2020/2058(INI)

Draft opinion
Recital A c (new)
A c. whereas one in 10 Europeans work in the wider transport sector, and whereas investing in transport infrastructure will lead to the creation of new jobs as it is estimated that every billion euros invested in the TEN-T core network will create up to 20 000 new jobs;
2020/06/16
Committee: TRAN
Amendment 19 #

2020/2058(INI)

Draft opinion
Recital A d (new)
A d. whereas an up-to-date multimodal infrastructure, including the trans- European transport network, is essential for the connection and competitiveness of the EU and an enabler of sustainable and smart mobility;
2020/06/16
Committee: TRAN
Amendment 21 #

2020/2058(INI)

Draft opinion
Recital A e (new)
A e. whereas micro, small and medium- sized enterprises (SMEs) in the transport and tourism sectors are being affected severely by the COVID-19 outbreak due to the enforcement of mobility restrictions; whereas the current crisis has demonstrated the transport and logistics sector and its transport workers to be the back bone of the European economy as the uninterrupted freight transport has been essential for the functioning of supply chains;
2020/06/16
Committee: TRAN
Amendment 91 #

2020/2058(INI)

Draft opinion
Paragraph 6 a (new)
6 a. calls on the Commission to include in the Just Transition Mechanism appropriate means to support the reconversion of industries whose finished products are incompatible with the target of a carbon-neutral Union;
2020/06/16
Committee: TRAN
Amendment 94 #

2020/2058(INI)

Draft opinion
Paragraph 6 b (new)
6 b. urges the Commission to provide clarity for investors by setting out the resources for each instrument of the SIEP for the entire MFF period and by establishing the EU-wide sustainability taxonomy by the end of 2020; acknowledges however that investments in transitional forms of fuels that do not significantly harm the environment (such as (bio-)liquefied natural gas) as an investment that contributes to the goal of climate-neutral mobility. This corresponds to funding for a just transition across all EU regions;
2020/06/16
Committee: TRAN
Amendment 96 #

2020/2058(INI)

6 c. stresses that flexible state aid rules are needed for the transition towards a climate-neutral transport and logistics sector (e.g. for green hydrogen projects), without disproportionately distorting the level playing field within Europe; urges the Commission to provide clarity on state support for sustainable transport projects;
2020/06/16
Committee: TRAN
Amendment 99 #

2020/2058(INI)

Draft opinion
Paragraph 6 d (new)
6 d. urges the Commission to accelerate and prioritize investments for infrastructural projects that are being executed: such as clean hydrogen, innovation in high-speed rail transport and inland waterway shipping, while mainstreaming mitigation and adaptation measures;
2020/06/16
Committee: TRAN
Amendment 101 #

2020/2058(INI)

Draft opinion
Paragraph 6 e (new)
6 e. Highlights that the transport and logistics sector is comprised largely out of micro-enterprises and SMEs; therefore urges the Commission to give special attention to these types of enterprises, e.g. by providing better access to funding and retraining of employees;
2020/06/16
Committee: TRAN
Amendment 126 #

2020/2058(INI)

Motion for a resolution
Paragraph 5
5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy (including but not limited to boosting demand and supply of alternative fuels in waterborne transport and aviation as well as investing into up-to-date multimodal infrastructure, including the trans-European transport network, innovation in high-speed rail and a green incentive scheme for aircraft operators), and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy; acknowledges however that investments in transitional forms of fuels that do not significantly harm the environment and delivers significant reductions in greenhouse gas emissions (such as (bio-)liquefied natural gas) as an investment that contributes to the goal of climate-neutral mobility provided that these investments should be aligned with the criteria set by the EU Taxonomy Regulation unless Member State duly justifies in the Territorial Just Transition Plan the necessity to support non-aligned operation and demonstrates the consistency of this investment with climate neutrality in 2050;
2020/07/03
Committee: BUDGECON
Amendment 296 #

2020/2058(INI)

Motion for a resolution
Paragraph 14
14. Reaffirms its previous position regarding candidates for new own resources, and calls oninvites the Commission to propose new own resources which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non-recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction taxexplore avenues for introduction of such potential new own resources which correspond to essential EU objectives;
2020/07/03
Committee: BUDGECON
Amendment 380 #

2020/2058(INI)

Motion for a resolution
Paragraph 17
17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis;
2020/07/03
Committee: BUDGECON
Amendment 471 #

2020/2058(INI)

Motion for a resolution
Paragraph 22 a (new)
22a. Highlights that the European economy is comprised largely out of micro-enterprises and SMEs; therefore urges the Commission to give special attention to these types of enterprises, e.g. by providing a better access to funding and retraining of employees;
2020/07/03
Committee: BUDGECON
Amendment 537 #

2020/2058(INI)

Motion for a resolution
Paragraph 26
26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax that could also feed into the EU budgetunder the condition that the revenues should be earmarked to support sustainable initiatives and projects in the aviation sector;
2020/07/03
Committee: BUDGECON
Amendment 563 #

2020/2058(INI)

Motion for a resolution
Paragraph 27
27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU- level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century;
2020/07/03
Committee: BUDGECON
Amendment 218 #

2020/2037(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Stresses that having to comply with margin calls from European central counterparties after the closing time of TARGET2 with non-euro currencies puts European banks at a considerable disadvantage, especially in times of market stress such as the early weeks of COVID-19; underlines that the extension of opening hours of TARGET2 to match exchange opening hours would strengthen the role of the euro and the autonomy of European capital markets; welcomes the consolidation of TARGET2- T2S with extended openings hours as scheduled for November 2022; urges the ECB and other stakeholders to continue their efforts for the success of European capital markets; suggests that an extension of openings hours of TARGET2 should be considered as a temporary solution until November 2022.
2020/12/18
Committee: ECON
Amendment 2 #

2020/2036(INI)

Motion for a resolution
Citation 3 a (new)
- having regard to the Commission Communication of 9 July 2020 entitled 'Getting ready for changes. Communication on readiness at the end of the transition period between the European Union and the United Kingdom' (COM(2020) 324),
2020/07/17
Committee: ECON
Amendment 11 #

2020/2036(INI)

Motion for a resolution
Recital A
A. whereas all actions taken to create a Capital Markets Union (CMU) should have as their core objectives improving the range of financing options offered to companies and citizens, as well as fostering the availability of a greater range of more attractive investment offers, as their objectiveto incentivise financial participation and to turn savers into investors; whereas access to equity financing for SMEs, entrepreneurs and the social economy has become even more crucial for the COVID-19 recovery;
2020/07/17
Committee: ECON
Amendment 42 #

2020/2036(INI)

Motion for a resolution
Recital C
C. whereas the social and economic crisis resulting from COVID-19 will have a particularly negative impact on SMEs and retail savers; whereas the EU’s response to COVID-19 through the European Recovery Plan should provide a large injection of capital in order to increase European enterprises’ access to finance; whereas capital market financing is needed to increase the overall financing capacity and to reduce the reliance on bank lending in the EU;
2020/07/17
Committee: ECON
Amendment 47 #

2020/2036(INI)

Motion for a resolution
Recital C a (new)
Ca. whereas the market movements resulting from COVID-19 have acted as a real-life “stress test” on the robustness of the whole financial ecosystem, and should be followed up with a detailed assessment of the benefits and shortcomings of the existing EU rulebook on financial stability and financial supervision;
2020/07/17
Committee: ECON
Amendment 56 #

2020/2036(INI)

Motion for a resolution
Recital C c (new)
Cc. whereas recent announcements from the UK authorities on future regulatory divergence confirm the need for a careful assessment, in each area on a forward-looking and on-going basis, of the risks for the EU in terms of financial stability, market transparency, market integrity, investor protection and level- playing field when granting and maintaining equivalence, due to the current interconnectedness between the EU and the United Kingdom markets;
2020/07/17
Committee: ECON
Amendment 60 #

2020/2036(INI)

Motion for a resolution
Recital C d (new)
Cd. whereas financial stability and the integrity of the single market can only be preserved with a robust approach to third- countries access to the EU’s market and a dynamic monitoring system on equivalence regimes; whereas it is recalled that equivalence can only be granted if the regulatory and supervisory regime and standards of the relevant third-country are deemed fully equivalent by the Commission to those of the EU in order to ensure a level playing field;
2020/07/17
Committee: ECON
Amendment 67 #

2020/2036(INI)

Motion for a resolution
Recital C f (new)
Cf. whereas bringing the Capital Markets Union project closer to EU citizens is crucial to increase their confidence in capital market and equity financing; whereas the Commission should explore further opportunities to communicate on the benefits of the CMU project, for example with a change of name highlighting the direct link between EU citizens' savings and investments in the economic growth and post-COVID recovery;
2020/07/17
Committee: ECON
Amendment 69 #

2020/2036(INI)

Motion for a resolution
Paragraph 1
1. Calls for the removal of barriers, including the simplification of legislation where relevant and conducive to financial stability, to diversify funding sources for SMEstart-ups, SMEs and mid-caps, in order to promote SMEs’their ability to access equity markets, and to reduce the existing debt bias; points out that the current situation makes SMEs more fragile and vulnerablnotes that necessary measures include facilitating investment research, streamlining the definition of SMEs across relevant EU legislation, and easing issuance requirements to ensure that start-ups, SMEs and mid-caps find their way to public markets; calls on the Member States to rebalance debt-equity bias in taxation; points out that the current situation makes SMEs more fragile and vulnerable; calls on the introduction of an ‘SME test’ for impact assessments on each CMU initiative;
2020/07/17
Committee: ECON
Amendment 80 #

2020/2036(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Calls on the Commission and Member States to take due consideration of the transition towards a sustainable and resilient economy, in line with the EU Green Deal and with the EU taxonomy for sustainable activities, when designing, adopting, implementing and enforcing policies related to financial market integration, protection and promotion; notes the importance of the contribution of the private sector in financing this transition;
2020/07/17
Committee: ECON
Amendment 85 #

2020/2036(INI)

Motion for a resolution
Paragraph 1 b (new)
1b. Stresses the fundamental and urgent need to ensure access to more reliable and comparable data on sustainable investments and activities, thanks to a review of the Non-Financial Reporting Directive (NFRD); calls on the Commission to streamline transparency requirements under the NFRD with those under the Taxonomy Regulation and the Sustainable Finance Disclosure Regulation; supports the creation of a public sustainability data register to ensure access to reliable and comparable sustainability data for all investors, notably with the inclusion of SRD and NFRD data in a EU Single Access Point;
2020/07/17
Committee: ECON
Amendment 113 #

2020/2036(INI)

Motion for a resolution
Paragraph 3 a (new)
3a. Calls for a review of the ELTIF Regulation and of related prudential calibrations in the banking and insurance regulatory frameworks to enhance the take-up and attractiveness of this innovative European label; notes that creating of a new additional ELTIF regime, based on an open-ended fund structure with the possibility to redeem at set intervals, could offer a new opportunity for retail investors to benefit from a diversified portfolio of long-term investments;
2020/07/17
Committee: ECON
Amendment 122 #

2020/2036(INI)

Motion for a resolution
Paragraph 4
4. Requests the Commission to assess how targeted amendments to the Securitisation Regulation could free up financing capacity; such targeted amendments could include the realignment of the treatment of cash and synthetic securitisations, of the treatment of regulatory capital and liquidity with that of covered bonds and loans, as well as with the disclosure and due diligence requirements for covered bonds and simple, transparent and standardised (STS) securitisation;
2020/07/17
Committee: ECON
Amendment 127 #

2020/2036(INI)

Motion for a resolution
Paragraph 5
5. Calls for targeted measures within securities market legislation tohat could help expedite the recovery after the COVID-19 crisis; supports as part of a broad package of measures to increase public and private financing; welcomes targeted changes in the Prospectus Regulation, the Markets in Financial Instruments Directive (MIFID), and the Securitisation Regulation and the Market Abuse Regulations long as they aim to preserve market liquidity and transparency, and to facilitate investments in the real economy, in particular in SMEs, and tomid-caps; notes that, allowing newcomers and new products to enter the markets, preserving consumer protection and market integrity; incumbent market players to offer new innovative products while preserving consumer protection and market integrity, is one of the strongest assets of the EU single market;
2020/07/17
Committee: ECON
Amendment 135 #

2020/2036(INI)

Motion for a resolution
Paragraph 5 a (new)
5a. Calls on the Commission to explore initiatives to incentivise employee share ownership, in order to promote the direct involvement of retail savers in financing the economy; such initiatives could include the creation of specific investment vehicles regulated under the AIFM Directive, with targeted changes to ease the operations of cross-border share- ownership plans, the encouragement of programmes to raise awareness throughout the EU, and the adoption of recommendations to Member States on relevant tax incentives;
2020/07/17
Committee: ECON
Amendment 155 #

2020/2036(INI)

Motion for a resolution
Paragraph 7
7. Highlights the importance of increasing legal certainty for cross-border investments by making national insolvency proceedings more efficient and effective; , whilst taking into consideration the different legal systems across the Member States, and by further harmonising rules on corporate governance, including a common definition of “shareholder” to facilitate the exercise of shareholder rights and the engagement with investee companies across the EU; calls on the Commission to propose legislative initiatives and issue recommendations to Member States, as appropriate, with a specific timeline for delivery, and aiming to achieve significant progress swiftly;
2020/07/17
Committee: ECON
Amendment 163 #

2020/2036(INI)

Motion for a resolution
Paragraph 8
8. Stresses the necessity of advancing further in the implementation and the enforcement of a genuinely Single Rule Book for financial services in the internal market; calls on the Commission and the ESAs to draw conclusions on the use of supervisory convergence tools through market movements related to the COVID- 19 crisis, and to suggest legislative and non-legislative initiatives to enhance the effectiveness of these tools as appropriate;
2020/07/17
Committee: ECON
Amendment 176 #

2020/2036(INI)

Motion for a resolution
Paragraph 10
10. Encourages the Member States to promote multi-pillar pension systems, including occupational pension schemes, as a way to improve market dynamics and the incentives to and personal pension schemes, as a way to deepen the pools of European capital available for investment in strategic sectors through incentives for long-term investments; believes that private pensions should be revitalised and made more attractive; encourages the participation of investors in long-term products with tax reduction or exemption policiincentive policies promoting a level playing field across providers and product types;
2020/07/17
Committee: ECON
Amendment 188 #

2020/2036(INI)

Motion for a resolution
Paragraph 11
11. Recalls that the Solvency 2 Directive requires a review by the end of 2020 and that the European Insurance and Occupational Pensions Authority (EIOPA) will provide technical advice to the Commission after consultations with different stakeholders; requests the Commission and EIOPA to consider adjusting the capital requirements for investments in equity and private debt, in particular of SMEs and mid-caps, to ensure that incentives for insurers and pension funds do not penalise equity investments; strongly calls on insurers and re-insurers to draw conclusions from the COVID-19 crisis, including on the coverage of pandemic-related risks; encourages the rapid phasing out of national exemptions and to the reduction of ‘gold-plating’ in national implementation of Solvency II, to foster harmonisation and integration of the EU insurance and re-insurance market;
2020/07/17
Committee: ECON
Amendment 200 #

2020/2036(INI)

Motion for a resolution
Paragraph 12
12. Stresses the need for European and national ssupervisory convergence to promote a common European model, highlights the crucial role of the European Supervisory aAuthorities to overcome their differences; calls for supervisory convergence to promote a common European model, guided by the European Securities and Market Authority (ESMA),(ESAs) in facilitating this; recalls the additional competences given and structural changes made to the ESAs by the recently adopted Regulation (EU) 2019/2175; calls on the ESAs, together with the national supervisory authorities, to implement and exercise these changes as soon as possible to allow the ESAs to act swiftly to preserve financial stability and the orderly functioning and integrity of the market, and to reduce the existing obstacles to cross-border financial operations;
2020/07/17
Committee: ECON
Amendment 214 #

2020/2036(INI)

Motion for a resolution
Paragraph 13
13. Observes that financial services regulation is a very complex undertaking, with regulation at international, European and national level; encourages all relevant actors to address this complexity to ensure the proportionality of financial regulation and to remove unnecessary administrative burdens; also notes that proportionality of financial regulation can sometimes lead to increased complexity, and calls on the Commission and Member States to commit to significant efforts to streamline and harmonise existing and future rules, by phasing out national exemptions as appropriate, and by preventing ‘gold- plating’ of EU law at national level; highlights that Regulations with clear timelines for transition and phasing out of existing regimes can build a smooth and steady path to regulatory convergence;
2020/07/17
Committee: ECON
Amendment 219 #

2020/2036(INI)

Motion for a resolution
Paragraph 13 a (new)
13a. Calls on the Commission to present a detailed road map to strengthen the robustness of the financial ecosystem, drawing lessons from the benefits and the shortcomings of the existing EU rulebook on financial stability and financial supervision, identified during the COVID- 19 crisis; takes note of the recent recommendations from the ESRB, notably on liquidity risks arising from margin calls and liquidity risks in investment funds;
2020/07/17
Committee: ECON
Amendment 226 #

2020/2036(INI)

Motion for a resolution
Paragraph 14
14. Is concerned that retail investors’ engagement with financial markets remains low; calls for measures to promote retail investments in view of the demographic challenges faced by the EU by increasing the participation of retail investors in capital markets through more attractive and appropriate personal pension products; calls on the Commission to put forward initiatives specifically targeting retail investors, including facilitating the development of independent web-based EU comparison tools, to help retail investors determine the most appropriate products in terms of risk, return on investment and value for their particular needs, and promoting incentives for ESG products and products typically associated with better value for money;
2020/07/17
Committee: ECON
Amendment 231 #

2020/2036(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Notes that various studies consistently show that a significant majority of retail investors mention sustainability preferences when asked about their investment preferences, and considers that this is an opportunity to further incentivise retail investors to be more active in financial markets;
2020/07/17
Committee: ECON
Amendment 236 #

2020/2036(INI)

Motion for a resolution
Paragraph 15
15. Emphasises that access to financial markets should be possible for all enterprises under the ‘same business, same rules’ principle; notes that this principle is particularly relevant in the FinTech and financial innovation spaces, and that reciprocal access to financial data should be balanced with the need to have a level playing field across all providers and product types;
2020/07/17
Committee: ECON
Amendment 241 #

2020/2036(INI)

Motion for a resolution
Paragraph 16
16. Recalls the existence of different shortcomings in the legislation on packaged retail investment and insurance products (PRIIPs) that should be addressed in the next reviewas soon as possible, ahead of the application of the PRIIPs rules to UCITS products; expects that Level 2 PRIIPs legislation on the Key Investor Document to respect lwill be aligned with the Level 1 text, in particular in relation to the performance scenarproviding accurate, fair, clear and non-misleading pre- contractual informatiosn; regrets the delays in the adoption of Level 2 PRIIPs legislation that will overlap with the first review of PRIIPs, and which increases legal uncertainty and costs for stakeholdermarket participants, and could reduce understanding and confidence from retail investors; calls for a more fundamental review of rules applicable to the distribution of financial products across the entirety of the retail investment space, in particular under MiFID, IDD and PRIIPs, aiming to harmonise and streamline the EU rulebook as appropriate; notes that EU rules on consumer protection should be adapted to the green and the digital transformations and put the interest of the retail investor at the forefront, regardless of the different types of providers and products;
2020/07/17
Committee: ECON
Amendment 251 #

2020/2036(INI)

Motion for a resolution
Paragraph 17
17. Urges the Commission to make clear the differentiation betweenintroduce more proportionality on the rules for professional and retail investors on all levels of MIFID, making it possible to tailor the treatment of clients according to their knowledge and experience on the markets; requests that the Commission consider the introduction of a category of semi-professional investors to better respond to, while avoiding a fundamental change in MiFID categorisation; suggests that the Commission consider the introduction of an opt-in regime, allowing retail investors to choose to be treated as professional investors, notably in the areality of participation on the financial marke of information requirements;
2020/07/17
Committee: ECON
Amendment 259 #

2020/2036(INI)

Motion for a resolution
Paragraph 18
18. Is of the opinionRecognises claims that the current reporting framework within MIFID II and the European Market Infrastructure Regulation (EMIR) ismay be very costly and complex, which could hindering the effectiveness of the system; believes that a simplification thereof is necessarycalls on the Commission to explore whether a simplification thereof and streamlining across legislation is necessary, while ensuring that financial stability and market transparency is preserved at all times; highlights that any assessment of reporting and transparency in financial markets would not be complete without a proper review on the cost and availability of market data for all market participants;
2020/07/17
Committee: ECON
Amendment 267 #

2020/2036(INI)

Motion for a resolution
Paragraph 19
19. Calls for amendments to legislation to ensure access to independent advice by financial intermediaries while avoiding promotion of the institution’s own financial products and, to ensure that distributors do not promote financial products manufactured 'in-house' without a thorough assessment of products from other manufacturers, and to ensuringe a fair marketing of financial products; notes that ESMA adopted a nuanced view on a potential ban on inducements, and calls on the Commission to explore alternative approaches, with similar effects on aligning interests across the entire distribution chain;
2020/07/17
Committee: ECON
Amendment 282 #

2020/2036(INI)

Motion for a resolution
Paragraph 20
20. Underlines that financial education is needed to overcome low retail investor engagement with financial markets, based on lack of knowledge, mistrust and risk aversion; notes that the Capital Market Union should aim at fostering an “equity culture” for investors in Europe and turning savers into investors, including with the development of mobile apps allowing for voting or proxy voting by individuals;
2020/07/17
Committee: ECON
Amendment 290 #

2020/2036(INI)

Motion for a resolution
Paragraph 22
22. Urges the Member States to include financial literacy programs in school curriculain all curricula from school to university, with evolutive programs adapted to the needs of pupils and students and aimed at developing autonomy in financial matters; suggests the inclusion of this topic in the Programme for International Student Assessment (PISA) study;
2020/07/17
Committee: ECON
Amendment 300 #

2020/2036(INI)

Motion for a resolution
Paragraph 23
23. Takes the view that the digitalisation of financial services can be a catalyst for the mobilisation of capital in the EU while reducing barriers andand could help overcome the fragmentation of the financial markets in the EU while increasing supervisory efficiency; emphasises that an EU framework with high standards of cybersecurity would be conducive to the CMU; notes that ensuring robust protection against cybersecurity threats and other threats related to digitalisation, as well as rebalancing the over-reliance on non-EU ICT services providers, or products developed by market participants based outside of the EU, by facilitating the development and scaling up of EU ICT services providers and products, are key to enhancing the EU’s financial independence and strategic autonomy;
2020/07/17
Committee: ECON
Amendment 316 #

2020/2036(INI)

Motion for a resolution
Paragraph 24
24. Highlights that ‘sandboxes’ may be an adequate tool to enhance the innovation and competitiveness of the financial services sector; requests that the Commission create a pan-European ‘sandbox’ for financial servic provided that sufficient safeguards are in place to prevent potential threats to the integrity, transparency, efficiency and orderly functioning of financial markets, and to the stability of the financial system; requests that the Commission draws upon the experience gained from the European Forum for Innovation Facilitators (EFIF) to assess whether a pan-European ‘sandbox’ for financial services would provide additional benefits for financial innovation; asserts that such a pan- European ‘sandbox’ should be established within the direct supervisory remit of the joint ESAs committee, in cooperation with relevant national supervisory authorities;
2020/07/17
Committee: ECON
Amendment 327 #

2020/2036(INI)

Motion for a resolution
Paragraph 26
26. Reiterates that EU legislation provides for the possibility of considering third-country rules as equivalent based on a technical, proportional and risk-based analysis, and that such decisions should be taken through a delegated act; recalls that the EU can unilaterally withdraw any equivalence decision; calls on the Commission, in cooperation with the ESAs, and where relevant with National Competent Authorities, to establish a dynamic monitoring system on equivalence regimes, in the case of third country regulatory and supervisory divergences which could entail potential risks for the EU in terms of financial stability, market transparency, market integrity, investor and consumer protection and level-playing field; highlights that the Commission should have emergency procedures in place to withdraw equivalence decisions in case of the need to swiftly act, bearing in mind the potential consequences of an emergency withdrawal of an equivalence decision;
2020/07/17
Committee: ECON
Amendment 334 #

2020/2036(INI)

Motion for a resolution
Paragraph 27 a (new)
27a. Reiterates the need for a more streamlined and codified representation of the EU in multilateral organisations/bodies, following the European Parliament resolution of 12 April 2016 on the EU role in the framework of international financial, monetary and regulatory institutions and bodies; notes that promoting EU values and global competitiveness of the EU’s financial sector when making policy at European and international level is ever more crucial as the multilateral world order further polarises;
2020/07/17
Committee: ECON
Amendment 42 #

2020/2034(INL)

Motion for a resolution
Recital D a (new)
Da. whereas stablecoins have the potential to become a widely used means of payment;
2020/07/08
Committee: ECON
Amendment 44 #

2020/2034(INL)

Motion for a resolution
Recital E a (new)
Ea. whereas the People’s Bank of China is trialling a central bank digital currency (the DCEP); highlights that the potential global use of the DCEP could have implications for international trade and consumer protection;
2020/07/08
Committee: ECON
Amendment 125 #

2020/2034(INL)

Motion for a resolution
Paragraph 2 a (new)
2a. Emphasises the increased importance of monitoring and reviewing measures relating to the regulation of digital finance, particularly bearing in mind the increasing relevance of this sector as the world deals with the COVID- 19 pandemic;
2020/07/08
Committee: ECON
Amendment 126 #

2020/2034(INL)

Motion for a resolution
Paragraph 2 b (new)
2b. Encourages the relevant authorities in the Union to assess the impact of the risks and benefits of the potential global use of the DCEP and its interdependency with China's national blockchain platform;
2020/07/08
Committee: ECON
Amendment 146 #

2020/2034(INL)

Motion for a resolution
Paragraph 6 – introductory part
6. Stresses that lawmeasures taken should ensure that market players, from small to large, have the regulatory space to innovate and that regulation and supervision in the area of FinTech should be based on the following principles:
2020/07/08
Committee: ECON
Amendment 171 #

2020/2034(INL)

Motion for a resolution
Paragraph 7
7. Points out that Union level measuresmeasures adopted at EU level should not stifle opportunities for businesses to grow and develop within the Union and beyond;
2020/07/08
Committee: ECON
Amendment 202 #

2020/2034(INL)

Motion for a resolution
Paragraph 9
9. Considers that developing a pan- European taxonomy for crypto-assets is desirable as a step towards fostering a common understanding, facilitating collaboration across jurisdictions and providing greater regulatory certainty for market participants engaged in cross border activity; recommends taking into account the importance of international cooperation and global initiatives as regards frameworks for crypto-assets, bearing in mind in particular their borderless nature; cautionproposes, however, that developing an open-ended taxonomy template may be more appropriate for this evolving market segment;
2020/07/08
Committee: ECON
Amendment 204 #

2020/2034(INL)

Motion for a resolution
Paragraph 9 a (new)
9a. Emphasises that such an open taxonomy must be based on common understandings of the various crypto- assets involved; requests, therefore that the definitions of crypto-assets and their subclasses be harmonised across EU and member states;
2020/07/08
Committee: ECON
Amendment 206 #

2020/2034(INL)

Motion for a resolution
Paragraph 9 b (new)
9b. Stresses that any definition of crypto-assets must take into account future evolution of the crypto-asset market;
2020/07/08
Committee: ECON
Amendment 207 #

2020/2034(INL)

Motion for a resolution
Paragraph 9 c (new)
9c. Points out that, at this stage, the use of stablecoins is not yet prominent within the Union; highlights the need for any future stablecoin-specific framework to be born out of the coming crypto-asset framework, representing an evolution of the legislation with the aim of offering the similar level of security as existing means of payments; believes that before any framework for stablecoins is developed, the architecture of this form of crypto- asset must be examined thoroughly;
2020/07/08
Committee: ECON
Amendment 280 #

2020/2034(INL)

Motion for a resolution
Paragraph 16 – point a
a. modernisation of ICT governance and risk management;
2020/07/08
Committee: ECON
Amendment 288 #

2020/2034(INL)

Motion for a resolution
Paragraph 17 a (new)
17a. Calls on the Commission to enhance cooperation at international fora in order to facilitate the development of international standards as regards cloud computing and out-sourcing; points out that international standards developed in these areas could then be adopted into an EU-specific framework in order to bring oversight of cloud computing and outsourcing into line with the level of oversight of legacy systems;
2020/07/08
Committee: ECON
Amendment 297 #

2020/2034(INL)

Motion for a resolution
Paragraph 18
18. Recalls that the collection and analysis of data play a central role for FinTech, and therefore highlights the need for consistent, technology-neutral application of existing data laws; highlights that Artificial Intelligence is one of the key technologies as regards enhancing the Union's competitiveness on a global level;
2020/07/08
Committee: ECON
Amendment 301 #

2020/2034(INL)

Motion for a resolution
Paragraph 19 a (new)
19a. Stresses that the free flow of data within the EU is needed to scale up innovative finance; points out that cross- border data flows, including to and from third countries, must be monitored and governed by EU legislative principles on data privacy and data protection;
2020/07/08
Committee: ECON
Amendment 306 #

2020/2034(INL)

Motion for a resolution
Paragraph 20
20. Requests, in this regard, that the Commission examines how to ensure that digital finance entities can access on an equitable basis relevant and useful data, to help ensure thatfoster the potential of digital finance and to provide the opportunities for innovative FinTech businesses canto grow within the Union and beyond;
2020/07/08
Committee: ECON
Amendment 316 #

2020/2034(INL)

Motion for a resolution
Paragraph 21
21. Requests that the Commission consider a framework, based on the existing EU standard eIDAS, an infrastructure for digital onboarding and the use of digital financial identities, which would aim to harmonise these measures across the Union insofar as necessary;
2020/07/08
Committee: ECON
Amendment 318 #

2020/2034(INL)

Motion for a resolution
Paragraph 21 a (new)
21a. Points out that for KYC processes legal requirements for retail onboarding by financial institutions are different in every member state and therefore cross border onboarding with existing data sets are often not possible, which is also valid for onboarding of corporate clients and its related KYC/KYB (know your business) process; calls on the Commission to address this issue and foster the harmonisation of the KYC data required by member states;
2020/07/08
Committee: ECON
Amendment 324 #

2020/2034(INL)

Motion for a resolution
Paragraph 22 a (new)
22a. Considers that a self-sovereign identity (SSI) based on distributed ledger technologies (DLT) can be a key element in developing a range of new services and platforms for the digital single market, independent from data aggregators and avoiding intermediaries, while at the same time providing high security and data protection standards for individual EU citizens;
2020/07/08
Committee: ECON
Amendment 8 #

2020/2023(INI)

Draft opinion
Paragraph 3
3. Welcomes the fact that the Commission has presented and published a comprehensive legal proposal for a future relationnew partnership, broadly in line with its negotiating mandate and the European Parliament’s resolution, and deeply regrets the fact that the UK Government has refused to accept a similar level of transparenc; urges the Commission to continue its transparency towards the co-legislators, as well as the financial services industry and consumers, and deeply regrets the fact that the UK Government has refused to accept a similar level of transparency; stresses that clarity and certainty are crucial to business continuity and a seamless provision of services to consumers, as well as to preventing market volatility;
2020/04/23
Committee: ECON
Amendment 29 #

2020/2023(INI)

Draft opinion
Paragraph 5 b (new)
5 b. Stresses the need to uphold common high standards in the field of state aid control and competition law; underlines that achieving a level playing field between the Parties will require a robust framework for state aid control, antitrust, and merger control that prevents unfair distortion of trade and competition;
2020/04/23
Committee: ECON
Amendment 34 #

2020/2023(INI)

Draft opinion
Paragraph 5 a (new)
5 a. Stresses that the resulting framework must be clear and transparent, and must not impose a disproportionate burden on small and medium-sized enterprises (SMEs);
2020/04/23
Committee: ECON
Amendment 52 #

2020/2023(INI)

Draft opinion
Paragraph 6
6. Recalls, in the context of financial services, that passporting rights, which are based on mutual recognition and harmonised prudential rules in the internal market, will cease to apply between the EU and the UK at the end of the transitional period; underlines that, thereafter, access to the European financial market must be based on equivalence decisions made within the EU’s legal framework; notes that equivalence examinations are a technical process which should be based on clear and transparent criteria; recalls that equivalence decisions are unilaterally granted and withdrawn by the European Commission, taking due account of the impact on the market and the need to preserve EU financial stability; recalls the importance of the EU maintaining its autonomy to adopt any measures for prudential reasons;
2020/04/23
Committee: ECON
Amendment 34 #

2020/2018(INL)

Draft opinion
Paragraph 2 b (new)
2 b. Highlights the importance of collaborative economy platforms in the Transport and Tourism sectors, on which services are provided by both individuals and professionals; stresses the importance of avoiding imposing disproportionate information obligations and unnecessary administrative burden on peer-to-peer providers of services;
2020/05/07
Committee: TRAN
Amendment 38 #

2020/2018(INL)

Draft opinion
Paragraph 3
3. StresseRecalls the importance of establishing a European Authority tasked with overseeing the online platform market, with offices for Transport and Tourism.nsuring an effective implementation and enforcement of the rules affecting the online platform market by existing EU institutions, agencies and bodies; stresses the importance and the particularities of the Transport and Tourism online platform market, which require a sector-specific approach and special attention in that matter;
2020/05/07
Committee: TRAN
Amendment 44 #

2020/2018(INL)

Draft opinion
Paragraph 4
4. Calls on the Commission to enhance the relationship between stakeholders and local authorities in the Short-Term Rental market and mobility services.; believes that the Digital Services Act should aim at ensuring legal certainty and clarity by creating a governance framework formalising the cooperation between short-term rental and mobility platforms and national, regional and local authorities;
2020/05/07
Committee: TRAN
Amendment 54 #

2020/2018(INL)

Draft opinion
Paragraph 5 a (new)
5 a. Welcomes the Commission's agreement1a with certain platforms of the short-term rental sector on data sharing reached in March 2020 ; believes that this agreement will enable local authorities to better understand the development of collaborative economy and will allow for a reliable and continuous data sharing, therefore supporting an evidence-based policy making; calls on the Commission to undertake further steps by initiating a more comprehensive data sharing framework for short-term rental online platforms, following consultations of all relevant stakeholders, and to establish an obligation for systemic platforms to share their data accordingly1b, with Eurostat and the national statistics office of the country where the service providers operate; _________________ 1a"Commission reaches agreement with collaborative economy platforms to publish key data on tourism accommodation"; https://ec.europa.eu/commission/presscor ner/detail/en/IP_20_194. 1bIn full compliance with Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data.
2020/05/07
Committee: TRAN
Amendment 63 #

2020/2018(INL)

Draft opinion
Paragraph 6
6. Stresses the need to build on the P2B Regulation to limit the dominance of market giants in the Transport and Tourism sector; stresses the urgency for the Commission to establish well defined criteria regarding “size” ofclear criteria and to provide for a definition of “systemic platforms.”;
2020/05/07
Committee: TRAN
Amendment 89 #

2020/2018(INL)

Draft opinion
Paragraph 9 a (new)
9 a. Highlights the role that innovative digital platforms can play in relaunching the European transport and tourism economy and driving sustainability in this sector by shifting users habits; recalls the importance of accessibility, interoperability and exchange of up-to- date and real time travel and traffic data to foster the online offer and demand of all modes of transport, including urban transport, in line with the ITS Directive2a; calls on the European Commission to lift all unnecessary barriers preventing the emergence of an online multimodal market for urban, regional and long- distance transport services. _________________ 2aDirective 2010/40/EU of the European Parliament and of the Council of 7 July 2010 on the framework for the deployment of Intelligent Transport Systems in the field of road transport and for interfaces with other modes of transport Text with EEA relevance.
2020/05/07
Committee: TRAN
Amendment 9 #

2020/2015(INI)

Draft opinion
Paragraph 2
2. Highlights the fact that the development of AI technologies in the transport sector has the potential to bring considerable economic, societal, environmental and safety benefits;will bring innovation, research, creation of new jobs, mobilisation of investment, employment, economic, societal, environmental and safety benefits that can make the sector more attractive to new generations
2020/05/19
Committee: TRAN
Amendment 12 #

2020/2015(INI)

Draft opinion
Paragraph 3
3. Affirms that defining the appropriate legal framework at EU level for intellectual property rights for AI and connectivity innovations, as well as for access to and security of data will be key in the development and smooth and wide dissemination of AI technologies in transport and for the creation of confidence and legal certainty in the sector;
2020/05/19
Committee: TRAN
Amendment 15 #

2020/2015(INI)

Draft opinion
Paragraph 4
4. Considers that IP protection strategies will constantly evolve over time as AI evolves, and that it will be necessary to take account of issues such as flexible copyright, patent protection or even trade secrets rules, and to consider what route will provide innovators with the broadest and most robust means of IP protection that combine legal certainty and encourage new investment in private enterprises, universities, SMEs, clusters using public-private collaboration to support for research and development;
2020/05/19
Committee: TRAN
Amendment 25 #

2020/2015(INI)

Draft opinion
Paragraph 6
6. Notes that the current fragmented legal framework of IP rights represents an obstacle for the development of AI technologies in transport;and calls on the Commission, therefore, to evaluate the fitness of its intellectual property regime for the development of AI technologies and to put forward the legislative proposals it finds necessaryo review the current legislation and to put forward the legislative proposals it finds necessary in order to have a more transparent system and avoid fragmentation at European level by jeopardising the internal market;
2020/05/19
Committee: TRAN
Amendment 29 #

2020/2015(INI)

Draft opinion
Paragraph 7
7. Calls on the Commission to evaluate the possibility and relevance for companies of obtaining patents based on software or algorithms with a view to ensuring both the protection of innovation and the need for transparency required for trustworthy AI; stresses the need of maintaining a level playing field between these companies, as well as the importance of remaining consistent with competition law. stresses the importance of addressing the AI and IP in the transport sector, in full compliance with the principle of technological neutrality;
2020/05/19
Committee: TRAN
Amendment 33 #

2020/2015(INI)

Draft opinion
Paragraph 8
8. Is fully aware that progress in AI will have to be paired with public investment in infrastructure, training in digital skills, major improvements in connectivity in order to come to full fruition; takes note of the intensive patenting activity taking place in the transport sector when it comes to AI; expresses its concern that this may result in massive litigation that will be detrimental to the industry as a whole; if we do not legislate urgently at European level;
2020/05/19
Committee: TRAN
Amendment 46 #

2020/2015(INI)

Draft opinion
Paragraph 12
12. Calls on the Commission to address the questionurgently the legislative proposals of data and intellectual property protection;
2020/05/19
Committee: TRAN
Amendment 50 #

2020/2015(INI)

Draft opinion
Paragraph 14
14. Calls on the Commission to pay special attention to access for SMEs and clusters to data that could boost their activity as well as to technology centres and universities to promote their research programmes;
2020/05/19
Committee: TRAN
Amendment 3 #

2020/2014(INL)

Draft opinion
Recital A a (new)
A a. whereas across different transport industries, a range of scales of automation and artificial intelligence have been applied;
2020/05/18
Committee: TRAN
Amendment 5 #

2020/2014(INL)

Draft opinion
Recital B
B. whereas AI in transport is driving the evolution of the next generation of IT systems and its application involves using many types of technologies such as autonomous vehicles, unmanned aircraft systems (UAS) and traffic management solutions;
2020/05/18
Committee: TRAN
Amendment 12 #

2020/2014(INL)

Draft opinion
Recital D
D. whereas Union and national legislation should ensure high product safety and a sound system management both ex ante and throughout a product’s life cycle, while facilitating the compensation of victims ex post;
2020/05/18
Committee: TRAN
Amendment 17 #

2020/2014(INL)

Draft opinion
Paragraph 1
1. Underlines that AI can be applied at different levels in vehicltransport infrastructure and in the transport modes and has an important impact on their autonomy and consequently on civil liability;
2020/05/18
Committee: TRAN
Amendment 21 #

2020/2014(INL)

Draft opinion
Paragraph 1 a (new)
1 a. Stresses that safety is of paramount importance in the transport sector and that safety and liability are two faces of the same coin;
2020/05/18
Committee: TRAN
Amendment 22 #

2020/2014(INL)

Draft opinion
Paragraph 1 b (new)
1 b. Recalls that the transport sector has been integrating AI technologies for decades, in particular with the introduction of the automation of train operation (ATO), including in urban areas where fully automated, driverless operations have increased system availability, network capacity and operational efficiency;
2020/05/18
Committee: TRAN
Amendment 23 #

2020/2014(INL)

Draft opinion
Paragraph 2
2. Underlines that automated functionalities can bring significant safety improvements in the medium and long term as well as unintended consequences (e.g. cybersecurity, data privacy); notes that AI could also be used for planning and guiding logistics chains, and for increasing efficiency, resilience, reliability, sustainability and flexibility;
2020/05/18
Committee: TRAN
Amendment 33 #

2020/2014(INL)

Draft opinion
Paragraph 3
3. Stresses the importance of defining a clear division of responsibilities between software developers, manufacturers of various components, service and data providers and operators and end users;
2020/05/18
Committee: TRAN
Amendment 41 #

2020/2014(INL)

Draft opinion
Paragraph 4
4. Underlines that for AI-related applications in the transport sector with a specific high-risk profile, there is a need for a risk-based approach depending on the levels of automation and self-learning of the system;
2020/05/18
Committee: TRAN
Amendment 50 #

2020/2014(INL)

Draft opinion
Paragraph 6 a (new)
6 a. Believes that despite the level of automation and of integration of artificial intelligence of the transport systems and vehicles, liability should always lie with natural and legal persons in order to ensure legal certainty and to encourage investment and the correct uptake of the technology;
2020/05/18
Committee: TRAN
Amendment 52 #

2020/2014(INL)

Draft opinion
Paragraph 7
7. Stresses the importance of ensuring that drivers are always fully aware of a vehicle’s level of automation and their level of liability: drivers should be informed about their vehicles’ AI systems and related limitations of such systems such as activation, deactivation, failure; moreover, in-vehicle features should periodically remind the driver that he or she is in charge of monitoring the vehicle status and give clear warnings to the driver of the approaching limits of AI systems;
2020/05/18
Committee: TRAN
Amendment 57 #

2020/2014(INL)

Draft opinion
Paragraph 9
9. Calls for further analysis of the need to adapt the European Driving Licence Directive due to automated functionalities of vehicles; urges moreover the Commission to carry out a periodic assessment of transport European regulatory framework to ensure it can respond to the safety and liability challenges related to the integration of AI technologies;
2020/05/18
Committee: TRAN
Amendment 58 #

2020/2014(INL)

Draft opinion
Paragraph 9 a (new)
9 a. Believes human-centricity should be the basis for any update and development of regulatory framework related to the automation and AI- integration of transport;
2020/05/18
Committee: TRAN
Amendment 59 #

2020/2014(INL)

Draft opinion
Paragraph 10
10. Underlines that liability schemes in the event of an accident or a violation of traffic legislation need to be carefully designed for each level of automation and AI integration and communicated in a clear way to the users in order to ensure a smooth transition between full driver liability to full manufacturer and road operator liability;
2020/05/18
Committee: TRAN
Amendment 60 #

2020/2014(INL)

Draft opinion
Paragraph 11
11. Notes that automated vehicles deal withthe successful integration of unmanned systems in the transport network, such as automated vehicles and unmanned aircraft systems (UAS) into respectively the land infrastructure and airspace relies on many variable signals and conditions; calls as a result for a regular update of digital maps providing a compulsory minimum set of information about the road network and for the correct development and deployment of the U-space;
2020/05/18
Committee: TRAN
Amendment 63 #

2020/2014(INL)

Draft opinion
Paragraph 11 a (new)
11 a. Highlights that AI is one of the most important applications of the data economy; recalls that AI-based systems have a strong data dependency, and rely on data accuracy and relevance; calls therefore the Commission to explore the possibility to include in the Union product safety legislation requirements addressing the risks to safety of faulty data;
2020/05/18
Committee: TRAN
Amendment 1 #

2020/2013(INI)

Draft opinion
Recital 1 (new)
A. Whereas artificial intelligence (AI) is providing unprecedented opportunities to enhance the performance of the transport sector, by addressing the challenges of an increasing travel demand, safety and environmental concerns, while making all transport modes smarter, more efficient, and more comfortable;
2020/06/05
Committee: TRAN
Amendment 5 #

2020/2013(INI)

Draft opinion
Paragraph 2
2. Underlines that the EU should act as a global AI norm-setter in the areas of civil and military use and of state authority, with an effective strategy aimed at strengthening its influence on shaping global standards; calls on the Commission and the Member States to advocate for broader cooperation within the UN, OECD, G7, G20 and other international fora in order to promote the EU approach to AI, emphasising the fundamental rights, freedoms and values that are enshrined in the EU Treaties, the Charter of Fundamental Rights of the European Union and international human rights law; with the increasing importance of research and development in the private sector, and massive investments from third countries such as the United States and China, Europe is facing competition and is, simultaneously, at risk of losing its strategic autonomy;
2020/06/05
Committee: TRAN
Amendment 18 #

2020/2013(INI)

Draft opinion
Paragraph 4
4. RPoints out that the railway transport has been one of the first sectors to rely on AI since its emergence; recalls the benefits of the European Rail Traffic Management System (ERTMS), a seamless automatic train protection system replacing incompatible national ones, as regards reliability, capacity, costs, safety, speed and maintenance; supports its full deployment and its continuous establishment as a global automatic train protection (ATP) system; notes the work of the Shift2Rail Joint Undertaking;
2020/06/05
Committee: TRAN
Amendment 27 #

2020/2013(INI)

Draft opinion
Paragraph 6 a (new)
6a. Recalls that autonomous vehicles have great potential to improve mobility, safety, and bring environmental benefits; welcomes in this regard the UNECE World Forum for Harmonization of Vehicle Regulations adopting the Framework Document for Automated Vehicles; notes the work of the new AI technical committee of the International Organization for Standardization;
2020/06/05
Committee: TRAN
Amendment 28 #

2020/2013(INI)

Draft opinion
Paragraph 6 b (new)
6b. Calls on the European Commission to propose an effective approach to ensure a clear international legal framework for the driver concept, and relevant issues of responsibility and liability, within the meaning of the UN Conventions and other international traffic laws;
2020/06/05
Committee: TRAN
Amendment 38 #

2020/2013(INI)

Draft opinion
Paragraph 8
8. RPoints out that the global shipping industry has greatly changed thanks to AI integration in the most recent years; recalls the current comprehensive discussions in the International Maritime Organization on integrating new and emerging technologies, such as autonomous ships, in the regulatory framework;
2020/06/05
Committee: TRAN
Amendment 44 #

2020/2013(INI)

Draft opinion
Paragraph 9
9. Stresses how intelligent transport systems mitigate traffic congestion and contribute to improving efficiency and mobility solutions; draws attention to the increased exposure of traditional transport networks to cyber threats; welcomes the Commission’ s intention to include cybersecurity as a regular agenda item for discussion within transport related international organisations;
2020/06/05
Committee: TRAN
Amendment 45 #

2020/2013(INI)

Draft opinion
Paragraph 9 a (new)
9a. Supports the use of machine learning AI using big data for the optimization of long term performance, maintenance, failure prediction and construction planning of transport infrastructure and buildings, including factors such as safety energy efficiency or costs;
2020/06/05
Committee: TRAN
Amendment 52 #

2020/2013(INI)

Draft opinion
Paragraph 11 a (new)
11a. Points out that the effective transportation of goods, ammunition, armaments, and troops is an essential component of successful military operations; stresses that AI is expected to play a crucial roles in the military logistics and transport; points out that different countries across the world, including European Members States, are embedding AI weapons and other systems used on land, naval, airborne platforms; recalls that AI application in the transport sector could provide for new capabilities and allow new form of tactics, like the combination of many systems such as drones, unmanned boats or tanks in an independent and coordinated operation.
2020/06/05
Committee: TRAN
Amendment 54 #

2020/2013(INI)

Draft opinion
Paragraph 11 b (new)
11b. Recalls that an international agreement to regulate emerging military technologies, such as lethal autonomous weapons systems (LAWS), has so far failed to be reached and points out the EU, as a whole, has only recently agreed to discuss on the effects of AI developments and digitalisation on the defence sector; believes that the EU can play a crucial role in helping Member States in harmonising their approach to military AI, in order to lead the international discussions.
2020/06/05
Committee: TRAN
Amendment 7 #

2020/1998(BUD)

Draft opinion
Recital B
B. Whereas transport will be key to achieving climate neutrality by 2050 and any significant contribution from the transport sector to this goal will require enormousconsiderable and sector-specific financial investments;
2020/09/03
Committee: TRAN
Amendment 10 #

2020/1998(BUD)

Draft opinion
Recital C a (new)
C a. Whereas transport sector is estimated to experience one of the largest losses in real gross value added in 2020 (approx. 20%); whereas tourism ecosystem is estimated to experience the largest losses in equity losses in 2020 (approx. 171bn, 26.4%of the total ecosystems losses) and represents 22% of the investment needs;
2020/09/03
Committee: TRAN
Amendment 14 #

2020/1998(BUD)

Draft opinion
Paragraph 2
2. [02 03 01] Reiterates the crucial role of the Connecting Europe Facility (CEF) in fostering the development of a high-performance trans-European network (TEN-T) that is sustainable and interconnected across the areas of transport, energy and digital services infrastructure and in achieving the goals of the Green Deal; Considers unacceptable the drastic reductions in commitments for the Energy and Digital branches of the CEF and the global reduction of the CEF budget resulting from these cutes; Considers that the increase in the CEF transport budget is the step in the right direction but insufficient in view of the needs of the sector; Therefore requests a budget in line with the European Parliament position on MFF1 ; recalls that the CEF’s short-, mid- and long- term planning of spending should take into consideration a result-oriented approach and seek for an EU added value; _________________ 117,746 bn euros for 2021-2027 in 2018 prices (an average of 2,542 billion euros per year).
2020/09/03
Committee: TRAN
Amendment 20 #

2020/1998(BUD)

Draft opinion
Paragraph 3 a (new)
3 a. Considers that transport projects financed by the European Regional Development Fund(ERDF) and by the Cohesion Fund (CF) must give priority to the development and completion of the TEN-T core and comprehensive networks;
2020/09/03
Committee: TRAN
Amendment 21 #

2020/1998(BUD)

Draft opinion
Paragraph 4
4. [new] Regrets the absence ofCommission’s unwillingness to present a specific allocation and specific programme for sustainable tourism at European level, including the allocation of a budget of EUR 300 million as repeatedly and regularly requested by the European Parliament; Requests that this allocation should be added in order to take into consideration a sector that has strong links to transport, has been severely hit by the COVID-19 crisis and is very important for the Union economyEU economy, competitiveness, employment and social development;
2020/09/03
Committee: TRAN
Amendment 28 #

2020/1998(BUD)

Draft opinion
Paragraph 6
6. Notes with satisfaction the important surge in investment due to the EUR 9,645 billion contribution from the Next Generation EU to InvestEU in 2021; recalls that InvestEU Fund should support investments contributing to greater economic,territorial and social cohesion in the Union and that, in order to maximise the impact and the added value of EU financing support, it is appropriate to maximise synergies across relevant Union programmes in areas such as transport, energy, tourism and digitalisation;
2020/09/03
Committee: TRAN
Amendment 34 #

2020/1998(BUD)

Draft opinion
Paragraph 7
7. Reiterates the importance of a simpler, more efficient own resources system able to bring a substantial reduction in the proportion of GNI-based contributions and to guarantee the adequate and result-oriented funding of Union spending;
2020/09/03
Committee: TRAN
Amendment 441 #

2020/0374(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point a
(a) refrain from combining personal data sourced from these core platform services with personal data from any other services offered by the gatekeeper or with personal data from third-party services, and from signing in end users to other services of the gatekeeper in order to combine personal data, unless the end user has been presented with the specific choicereceived a disclosure of the combination and provided consent in the sense of Regulation (EU) 2016/679. ;
2021/09/09
Committee: ECON
Amendment 592 #

2020/0374(COD)

Proposal for a regulation
Article 7 – paragraph 1
1. The measures implemented by the gatekeeper to ensure compliance with the obligations laid down in Articles 5 and 6 shall be proportionate and effective in achieving the objective of the relevant obligation. The gatekeeper shall ensure that these measures are implemented in compliance with Regulation (EU) 2016/679 and, Directive 2002/58/EC and Regulation XX on a Single Market for Digital Services, and with legislation on cyber security, consumer protection and product safety.
2021/09/09
Committee: ECON
Amendment 594 #

2020/0374(COD)

1 a. While complying with the obligations listed in Article 5 and 6, gatekeepers shall not be prevented from taking strictly necessary and proportionate measures to guarantee the integrity, security and safety of their core platform services in order to safeguard end users and business users. Such measures shall only be permitted if applied to the services as a whole in view of safeguarding all end users and business users.
2021/09/09
Committee: ECON
Amendment 608 #

2020/0374(COD)

Proposal for a regulation
Article 7 – paragraph 4
4. In view of adopting the decision under paragraph 2, the Commission shall communicate its preliminary findings within three months from the opening of the proceedings. In the preliminary findings, the Commission shall explain the measures it considers to take or it considers that the provider of core platform services concerned should take in order to effectively address the preliminary findings, taking into account the issues discussed during the regulatory dialogue.
2021/09/09
Committee: ECON
Amendment 618 #

2020/0374(COD)

Proposal for a regulation
Article 7 – paragraph 7
7. A gatekeeper may request the opening of proceedings pursuant to Article 18 for the Commission to determine whether the measures that the gatekeeper intends to implement or has implemented under Article 6 are proportionate and effective in achieving the objective of the relevant obligation in the specific circumstances. A gatekeeper may, with its request, provide a reasoned submission to explain in particular why the measures that it intends to implement or has implemented are proportionate and effective in achieving the objective of the relevant obligation in the specific circumstances.
2021/09/09
Committee: ECON
Amendment 628 #

2020/0374(COD)

Proposal for a regulation
Article 8 – paragraph 3 – subparagraph 1
In assessing the request, the Commission shall take into account, in particular, the conditions listed in paragraph 1 of this article and the impact of the compliance with the specific obligation on the economic viability of the operation of the gatekeeper in the Union as well as on third parties. The suspension may be made subject to conditions and obligations to be defined by the Commission in order to ensure a fair balance between these interests and the objectives of this Regulation. Such a request may be made and granted at any time pending the assessment of the Commission pursuant to paragraph 1.
2021/09/09
Committee: ECON
Amendment 10 #

2020/0365(COD)

Proposal for a directive
Recital 1
(1) Council Directive 2008/114/EC17 provides for a procedure for designating European critical infrastructures in the energy and transport sectors, the disruption or destruction of which would have significant cross-border impact on at least two Member States. That Directive focused exclusively on the protection of such infrastructures. However, the evaluation of Directive 2008/114/EC conducted in 201918 found that due to the increasingly interconnected and cross-border nature of operations using critical infrastructure such as high speed rail or air traffic management, protective measures relating to individual assets alone are insufficient to prevent all disruptions from taking place. Therefore, it is necessary to shift the approach towards ensuring the resilience of critical entities, that is, their ability to mitigate, absorb, accommodate to and recover from incidents that have the potential to disrupt the operations of the critical entity and the functioning of the internal market. _________________ 17Council Directive 2008/114/EC of 8 December 2008 on the identification and designation of European critical infrastructures and the assessment of the need to improve their protection (OJ L 345, 23.12.2008, p.75). 18 SWD(2019) 308.
2021/05/28
Committee: TRAN
Amendment 13 #

2020/0365(COD)

Proposal for a directive
Recital 2
(2) Despite existing measures at 19 19 Union and national level aimed at supporting the protection of critical infrastructures in the Union, the entities operating those infrastructures are not adequately equipped to address current and anticipated future risks to their operations that may result in disruptions of the provision of services that are essential for the performance of vital societal functions or economic activities. This is due to a dynamic threat landscape with an evolving terrorist threat and growing interdependencies between infrastructures and sectors, as well as an increased physical risk due to natural disasters and climate change, which increases the frequency and scale of extreme weather events and brings long-term changes in average climate that can reduce the capacity and efficiency of certain infrastructure types if resilience or climate adaptation measures are not in place. Moreover, relevant sectors such as certain transport and tourism sectors, and types of entities are not recognised consistently as critical in all Member States. _________________ 19European Programme for Critical Infrastructure Protection (EPCIP).
2021/05/28
Committee: TRAN
Amendment 21 #

2020/0365(COD)

Proposal for a directive
Recital 3
(3) Those growing interdependencies are the result of an increasingly cross- border and interdependent network of service provision using key infrastructures across the Union in the sectors of energy, transport, banking, financial market infrastructure, digital infrastructure, drinking and waste water, health, certain aspects of public administration, as well as space in as far as the provision of certain services depending on ground-based infrastructures that are owned, managed and operated either by Member States or by private parties is concerned, therefore not covering infrastructures owned, managed or operated by or on behalf of the Union as part of its space programmes. These interdependencies mean that any disruption, even one initially confined to one entity or one sector, can have cascading effects more broadly, potentially resulting in far-reaching and long-lasting negative impacts in the delivery of services across the internal market. The COVID-19 pandemic has shown the vulnerability of our increasingly interdependent societies, particularly the transport and tourism sectors, in the face of low-probability risks.
2021/05/28
Committee: TRAN
Amendment 23 #

2020/0365(COD)

Proposal for a directive
Recital 4
(4) The entities involved in the provision of essential services are increasingly subject to diverging requirements imposed under the laws of the Member States. The fact that some Member States have less stringent security requirements on these entities not only risks impacting negatively on the maintenance of vital societal functions or economic activities across the Union, it also leads to obstacles to the proper functioning of the internal market. The resilience of critical entities gives investors and companies reliability and trust, which are cornerstones to a well- working internal market. Similar types of entities are considered as critical in some Member States but not in others, and those which are identified as critical are subject to divergent requirements in different Member States. This results in additional and unnecessary administrative burdens for companies operating across borders, notably for companies active in Member States with more stringent requirements.
2021/05/28
Committee: TRAN
Amendment 31 #

2020/0365(COD)

Proposal for a directive
Recital 10
(10) In view of ensuring a comprehensive approach to the resilience of critical entities, each Member State should have a strategy setting out objectives and policy measures to be implemented. To achieve this, and taking account of the hybrid nature of many threats, Member States should ensure that their cybersecurity strategies provide for a policy framework for enhanced coordination between the competent authority under this Directive and the NIS 2 Directive in the context of information sharing on incidents and cyber and non-cyber threats and the exercise of supervisory tasks.
2021/05/28
Committee: TRAN
Amendment 33 #

2020/0365(COD)

Proposal for a directive
Recital 11
(11) The actions of Member States to identify and help ensure the resilience of critical entities should follow a risk-based approach that targets efforts to the entities most relevant for the performance of vital societal functions or economic activities, for example multi-modal hubs for transport, rail infrastructure or air traffic management. In order to ensure such a targeted approach, each Member State should carry out, within a harmonised framework, an assessment of all relevant natural and man- made risks that may affect the provision of essential services, including accidents, natural disasters, public health emergencies such as pandemics, and antagonistic threats, including terrorist offences. When carrying out those risk assessments, Member States should take into account other general or sector-specific risk assessment carried out pursuant to other acts of Union law and should consider the dependencies between sectors, including from other Member States and third countries. The outcomes of the risk assessment should be used in the process of identification of critical entities and to assist those entities in meeting the resilience requirements of this Directive.
2021/05/28
Committee: TRAN
Amendment 53 #

2020/0365(COD)

Proposal for a directive
Article 1 – paragraph 1 – introductory part
1. To that end, this Directive:
2021/05/28
Committee: TRAN
Amendment 55 #

2020/0365(COD)

Proposal for a directive
Article 1 a (new)
Article 1 a To be placed before Paragraph 1 1. This Directive lays down measures with a view to achieving a high level of resilience of critical entities in order to ensure the provision of essential services within the Union and improve the functioning of the internal market.
2021/05/28
Committee: TRAN
Amendment 58 #

2020/0365(COD)

Proposal for a directive
Article 3 – paragraph 1
1. Each Member State shall, following consultation with critical entities, adopt by [threefour years after entry into force of this Directive] a strategy for reinforcing the resilience of critical entities. This strategy shall set out strategic objectives and policy measures with a view to achieving and maintaining a high level of resilience on the part of those critical entities and covering at least the sectors referred to in the Annex.
2021/05/28
Committee: TRAN
Amendment 67 #

2020/0365(COD)

Proposal for a directive
Article 4 – paragraph 1 – introductory part
1. Competent authorities designated pursuant to Article 8 shall establish a list of essential services in the sectors referred to in the Annex. They shall carry out by [threefour years after entry into force of this Directive], and subsequently where necessary, and at least every four years, an assessment of all relevant risks that may affect the provision of those essential services, with a view to identifying critical entities in accordance with Article 5(1), and assisting those critical entities to take measures pursuant to Article 11.
2021/05/28
Committee: TRAN
Amendment 75 #

2020/0365(COD)

Proposal for a directive
Article 4 – paragraph 4
4. Each Member State shall provide the Commission with data on the types of risks identified and the outcomes of the risk assessments, per sector and sub-sector referred to in the Annex, by [threefour years after entry into force of this Directive] and subsequently where necessary and at least every four years.
2021/05/28
Committee: TRAN
Amendment 79 #

2020/0365(COD)

Proposal for a directive
Article 5 – paragraph 1
1. By [threefour years and three months after entry into force of this Directive] Member States shall identify for each sector and subsector referred to in the Annex, other than points 3, 4 and 8 thereof, the critical entities.
2021/05/28
Committee: TRAN
Amendment 82 #

2020/0365(COD)

Proposal for a directive
Article 5 – paragraph 3 – introductory part
3. Each Member State shall establish a list of the critical entities identified and ensure that those critical entities are notified of their identification as critical entities within onetwo months of that identification, informing them of their obligations pursuant to Chapters II and III and the date from which the provisions of those Chapters apply to them.
2021/05/28
Committee: TRAN
Amendment 83 #

2020/0365(COD)

Proposal for a directive
Article 5 – paragraph 4
4. Member States shall ensure that their competent authorities designated pursuant to Article 8 of this Directive notify the competent authorities that the Member States designated in accordance with Article 8 of [the NIS 2 Directive], of the identity of the critical entities that they identified under this Article within onetwo months of that identification.
2021/05/28
Committee: TRAN
Amendment 88 #

2020/0365(COD)

Proposal for a directive
Article 6 – paragraph 2 – introductory part
2. Member States shall submit to the Commission by [threefour years and three months after the entry into force of this Directive] the following information:
2021/05/28
Committee: TRAN
Amendment 91 #

2020/0365(COD)

Proposal for a directive
Article 7 – paragraph 1
1. As regards the sectors referred to in points 3, 4 and 8 of the Annex, Member States shall, by [threefour years and three months after entry into force of this Directive], identify the entities that shall be treated as equivalent to critical entities for the purposes of this Chapter. They shall apply the provisions of Articles 3, 4, 5(1) to (4) and (7), and 9 in respect of those entities.
2021/05/28
Committee: TRAN
Amendment 94 #

2020/0365(COD)

Proposal for a directive
Article 8 – paragraph 3
3. By [threefour years and six months after entry into force of this Directive], and every year thereafter, the single points of contact shall submit a summary report to the Commission and to the Critical Entities Resilience Group on the notifications received, including the number of notifications, the nature of notified incidents and the actions taken in accordance with Article 13(3).
2021/05/28
Committee: TRAN
Amendment 120 #

2020/0365(COD)

Proposal for a directive
Article 16 – paragraph 7
7. The Commission shall provide to the Critical Entities Resilience Group a summary report of the information provided by the Member States pursuant to Articles 3(3) and 4(4) by [threefour years and six months after entry into force of this Directive] and subsequently where necessary and at least every four years.
2021/05/28
Committee: TRAN
Amendment 124 #

2020/0365(COD)

Proposal for a directive
Article 22 – paragraph 1
By [5466 months after the entry into force of this Directive], the Commission shall submit a report to the European Parliament and to the Council, assessing the extent to which the Member States have taken the necessary measures to comply with this Directive.
2021/05/28
Committee: TRAN
Amendment 128 #

2020/0365(COD)

Proposal for a directive
Article 22 – paragraph 2 a (new)
The Commission shall, by [6 years after the entry into force of this Directive] carry out a review of the application of this Directive and sector-specific legislation. The review shall focus on identifying duplications/overlapping in the respective legislation, regulatory requirements or procedures, with a view to improve coherence and legal certainty between this Directive and the relevant sector-specific legislation. To this end, the Commission shall prepare a report which it shall transmit to the European Parliament and the Council, accompanied where necessary by a legislative proposal.
2021/05/28
Committee: TRAN
Amendment 129 #

2020/0365(COD)

Proposal for a directive
Article 24 – paragraph 1 – introductory part
1. Member States shall adopt and publish, by [1824 months after entry into force of this Directive] at the latest, the laws, regulations and administrative provisions necessary to comply with this Directive. They shall forthwith communicate to the Commission the text of those provisions.
2021/05/28
Committee: TRAN
Amendment 130 #

2020/0365(COD)

Proposal for a directive
Article 24 – paragraph 1 – subparagraph 1
They shall apply those provisions from [two year30 months after entry into force of this Directive + one day].
2021/05/28
Committee: TRAN
Amendment 9 #

2020/0359(COD)

Proposal for a directive
Recital 3
(3) Network and information systems have developed into a central feature of everyday life with the speedy digital transformation and interconnectedness of society, including in cross-border exchanges. That development has led to an expansion of the cybersecurity threat landscape, bringing about new challenges, which require adapted, coordinated and innovative responses in all Member States. The number, magnitude, sophistication, frequency and impact of cybersecurity incidents are increasing, and present a major threat to the functioning of network and information systems. As a result, cyber incidents can impede the pursuit of economic activities in the internal market, generate financial losses, undermine user confidence and cause major damage to the Union economy and society. Cybersecurity preparedness and effectiveness are therefore now more essential than ever to the proper functioning of the internal market. Moreover, cybersecurity is a key enabler for many critical sectors, such as transport, to successfully embrace the digital transformation and to fully grasp the economic, social and sustainable benefits of digitalisation.
2021/05/28
Committee: TRAN
Amendment 18 #

2020/0359(COD)

Proposal for a directive
Recital 12
(12) Sector-specific legislation and instruments can contribute to ensuring high levels of cybersecurity, while taking full account of the specificities and complexities of those sectors. Where a sector–specific Union legal act requires essential or important entities to adopt cybersecurity risk management measures or to notify incidents or significant cyber threats of at least an equivalent effect to the obligations laid down in this Directive, those sector-specific provisions, including on supervision and enforcement, should apply. In order to avoid overregulation, legal uncertainty and unnecessary administrative burden, in the interpretation and application of this Directive the Commission should ensure coherence between this Directive and the applicable sector-specific legislation. To this end, the Commission should identify duplications/overlapping in the respective legislation, regulatory requirements or procedures, with a view to remove them. In that regard, the Commission action should specifically aim at preventing the proliferation/overlapping/duplication of systems of notification in sectors where EU sector-specific legislation is already applied, such as the transport sector. The Commission may issue guidelines in relation to the implementation of the lex specialis. This Directive does not preclude the adoption of additional sector- specific Union acts addressing cybersecurity risk management measures and incident notifications. This Directive is without prejudice to the existing implementing powers that have been conferred to the Commission in a number of sectors, including transport and energy.
2021/05/28
Committee: TRAN
Amendment 20 #

2020/0359(COD)

Proposal for a directive
Recital 17
(17) Given the emergence of innovative technologies, such as artificial intelligence, and new business models, new cloud computing deployment and service models are expected to appear on the market in response to evolving customer needs. In that context, cloud computing services may be delivered in a highly distributed form, even closer to where data are being generated or collected, thus moving from the traditional model to a highly distributed one (‘edge computing’).
2021/05/28
Committee: TRAN
Amendment 25 #

2020/0359(COD)

Proposal for a directive
Recital 33
(33) When developing guidance documents, the Cooperation Group should consistently: map national solutions and experiences, assess the impact of Cooperation Group deliverables on national approaches, discuss implementation challenges and formulate specific recommendations to be addressed through better implementation of existing rules. The Cooperation Group should also map the national solutions in order to promote compatibility of cybersecurity solutions applied to each specific sector across Europe. This is particular relevant for the sectors which have an international and cross-border nature such as transport.
2021/05/28
Committee: TRAN
Amendment 32 #

2020/0359(COD)

(47) The supply chain risk assessments, in light of the features of the sector concerned, should take into account both technical and, where relevant, non- technical factors including those defined in Recommendation (EU) 2019/534, in the EU wide coordinated risk assessment of 5G networks security and in the EU Toolbox on 5G cybersecurity agreed by the Cooperation Group. To identify the supply chains that should be subject to a coordinated risk assessment, the following criteria should be taken into account: (i) the extent to which essential and important entities use and rely on specific critical ICT services, systems or products; (ii) the relevance of specific critical ICT services, systems or products for performing critical or sensitive functions, including the processing of personal data; (iii) the availability of alternative ICT services, systems or products; (iv) the resilience of the overall supply chain of ICT services, systems or products against disruptive events (iva) the extent to which specific critical ICT services, systems or products directly used by consumers are resilient and compliant with a customer friendly approach; and (v) for emerging ICT services, systems or products, their potential future significance for the entities’ activities.
2021/05/28
Committee: TRAN
Amendment 41 #

2020/0359(COD)

Proposal for a directive
Article 12 – paragraph 4 – point b a (new)
(b a) mapping the national solutions in order to promote compatibility ofcybersecurity solutions applied to each specific sector across Europe;
2021/05/28
Committee: TRAN
Amendment 43 #

2020/0359(COD)

Proposal for a directive
Article 16 – paragraph 1 – point iii a (new)
(iii a) recommendations on how to improve coherence and legal certainty in the interpretation and application of this Directive and the applicable sector- specific legislation, with a focus on identifying and removing duplications or overlapping in the respective legislation, regulatory requirements or procedures;
2021/05/28
Committee: TRAN
Amendment 44 #

2020/0359(COD)

Proposal for a directive
Article 18 – paragraph 2 – point b a (new)
(b a) adoption of programmes for increasing employees competences and practical experience meeting the high cybersecurity standards;
2021/05/28
Committee: TRAN
Amendment 57 #

2020/0359(COD)

Proposal for a directive
Article 21 – paragraph 1
1. In order to demonstrate compliance with certain requirements of Article 18, Member States may requirshall encourage essential and important entities to certify certain ICT products, ICT services and ICT processes, either developed by the essential or important entity or procured from third parties, under specific European cybersecurity certification schemes adopted pursuant to Article 49 of Regulation (EU) 2019/881. The products, services and processes subject to certification may be developed by an essential or important entity or procured from third parti or under similar internationally recognised certification schemes.
2021/05/28
Committee: TRAN
Amendment 61 #

2020/0359(COD)

Proposal for a directive
Article 21 – paragraph 2
2. The Commission shall be empowered to adopt delegated acts specifying which categories of essential entities shall be required to obtain a certificate and under which specific European cybersecurity certification schemes pursuant to paragraph 1. The delegated acts shall be adopted in accordance with Article 36.
2021/05/28
Committee: TRAN
Amendment 77 #

2020/0353(COD)

Proposal for a regulation
Citation 5 a (new)
Having regard to the report of the Joint Research Centre (JRC)23a, _________________ 23a Huisman, J., Bobba, S.,“Available for Collection” study on alternative collection targets for waste portable and light means of transport batteries, EUR 30746 EN, Publications Office of the European Union, Luxembourg, 2021, ISBN 978-92- 76-39084-8, doi:10.2760/64633, JRC125615.
2021/09/09
Committee: TRAN
Amendment 79 #

2020/0353(COD)

Proposal for a regulation
Recital 2
(2) Batteries are thus an important source of energy and one of the key enablers for sustainable development, green mobility, clean energy and climate neutrality. It is expected that the demand for batteries will grow rapidly in the coming years, notably for electric road transport vehicles using batteries for traction, making this market an increasingly strategic one at European and the global level. Significant scientific and technical progress in the field of battery technology will continue. In view of the strategic importance of batteries and the battery value chain, and to provide legal and investment certainty to all operators involved and to avoid discrimination, barriers to trade and distortions on the market for batteries, it is necessary to set out rules on sustainability parameters, performance, safety, collection, recycling and second life of batteries as well as on information about batteries. It is necessary to create a harmonised regulatory framework for dealing with the entire life cycle of batteries that are placed on the market in the Union. and ensure that all batteries entering the internal market from non-EU countries also meet the high standards set by this Regulation.
2021/09/09
Committee: TRAN
Amendment 128 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 7 – indent 4
— is neither an electric vehicle battery nor a light means of transport battery nor an automotive battery;
2021/09/09
Committee: TRAN
Amendment 130 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 7 – indent 4 a (new)
- including toys equipped with a battery as specified in the Toy Safety Directive 2009/48/EC (TSD);
2021/09/09
Committee: TRAN
Amendment 135 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9
(9) ‘light means of transport’ means wheeled vehicles that have an electric motor of less than 750 watts, on which travel battery’ means any battery in wheeled vehicles that can be powered by the electric motor alone or by a combination of motor and human power, including vehiclers are seated when the vehicle is moving and that can be powered by the electric motor alone or by a combination of motor and human powerexempted from type-approval legislation or vehicles of type-approved categories provided for in Regulation (EU) No 168/2013 and with a weight below 25 kg;
2021/09/09
Committee: TRAN
Amendment 139 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 11
(11) ‘industrial battery’ means any battery designed for industrial uses and any other battery excluding portable batteries, electric vehicle batteries, light means of transport batteries and automotive batteries;
2021/09/09
Committee: TRAN
Amendment 141 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 12
(12) ‘electric vehicle battery’ means any battery specifically designed to provide traction to hybrid and electric vehicles for road transportof category L as provided for in Regulation (EU) No 168/2013 and with a weight above 25 kg, or to a vehicle of categories M, N or O as provided for in Regulation (EU) No 2018/858;
2021/09/09
Committee: TRAN
Amendment 144 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 22
(22) ‘battery management system’ means an electronic device that controls or manages the electric and thermal functions of the battery, that manages and stores the data on the parameters for determining the safety, the state of health and expected lifetime of batteries laid down in Annex VII and that communicates with the vehicle or appliance in which the battery is incorporated;
2021/09/09
Committee: TRAN
Amendment 147 #

2020/0353(COD)

Proposal for a regulation
Article 2 – paragraph 4 a (new)
The Commission shall set up a regularly updated electronic database for the various batteries belonging to the categories laid down in points (7), (9), (10), (11) and (12) of this Article to support clear and coherent implementation of the Regulation.
2021/09/09
Committee: TRAN
Amendment 339 #

2020/0353(COD)

Proposal for a regulation
Article 48 – paragraph 4 – point a a (new)
(a a) for light means of transport batteries: 50 %1a by 31 December 2023. _________________ 1a 'Available for Collection' methodology
2021/09/09
Committee: TRAN
Amendment 341 #

2020/0353(COD)

Proposal for a regulation
Article 48 – paragraph 4 – point b a (new)
(b a) for light means of transport batteries: 70 %1a by 31 December 2025. _________________ 1a 'Available for Collection' methodology
2021/09/09
Committee: TRAN
Amendment 343 #

2020/0353(COD)

Proposal for a regulation
Article 48 – paragraph 4 – point c a (new)
(c a) for light means of transport batteries: 75 %1a by 31 December 2030. _________________ 1a 'Available for Collection' methodology
2021/09/09
Committee: TRAN
Amendment 348 #

2020/0353(COD)

3. Distributors shall hand over waste batteries that they have taken back to the producers or producer responsibility organisations who are responsible for the collection of those batteries in accordance with Articles 48 and 49 respectively , or if nationally decided, to an waste management operator with a view to their treatment and recycling in accordance with Article 56.
2021/09/09
Committee: TRAN
Amendment 349 #

2020/0353(COD)

Proposal for a regulation
Article 52 – paragraph 1
Operators of waste treatment facilities subject to Directives 2000/53/EC and 2012/19/EU shall hand over waste batteries resulting from the treatment of end-of-life vehicles and waste electrical and electronic equipment to the producers of the relevant batteries or, where appointed in accordance with Article 47(2) of this Regulation, producer responsibility organisations acting on their behalf or if nationally decided, to waste management operators with a view to their treatment and recycling in accordance with the requirements of Article 56 of this Regulation. The operators of waste treatment facilities shall keep records of those transactions.
2021/09/09
Committee: TRAN
Amendment 350 #

2020/0353(COD)

Proposal for a regulation
Article 53 – paragraph 2
2. Public waste management authorities shall hand over collected waste batteries to the producers or, where appointed in accordance with Article 47(2), to producer responsibility organisations acting on their behalf, or if nationally decided, to waste management operators with a view to treatment and recycling of those waste batteries in accordance with the requirements of Article 56 or carry out their treatment and recycling themselves in accordance with the requirements of Article 56.
2021/09/09
Committee: TRAN
Amendment 351 #

2020/0353(COD)

Proposal for a regulation
Article 54 – paragraph 1
Voluntary waste portable battery collection points shall hand over waste portable batteries to- the producers of portable batteries or third parties acting on their behalf, including producer responsibility organisations, or if nationally decided, to waste management operators with a view to their treatment and recycling in accordance with the requirements of Article 56.
2021/09/09
Committee: TRAN
Amendment 354 #

2020/0353(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point a a (new)
(a a) for light means of transport batteries: 50 %1a by 31 December 2023. _________________ 1a 'Available for Collection' methodology
2021/09/09
Committee: TRAN
Amendment 356 #

2020/0353(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point b a (new)
(b a) for light means of transport batteries: 70 %1a by 31 December 2025. _________________ 1a 'Available for Collection' methodology
2021/09/09
Committee: TRAN
Amendment 358 #

2020/0353(COD)

Proposal for a regulation
Article 55 – paragraph 1 – point c a (new)
(c a) for light means of transport batteries: 75 %1a by 31 December 2030. _________________ 1a 'Available for Collection' methodology
2021/09/09
Committee: TRAN
Amendment 377 #

2020/0353(COD)

Proposal for a regulation
Article 70 – paragraph 1
1. Contracting authorities, as defined in Article 2(1) of Directive 2014/24/EU or Article 3(1) of Directive 2014/25/EU, or contracting entities, as defined in Article 4(1) of Directive 2014/25/EU shall, when procuring batteries or products containing batteries in situations covered by those Directives, make sure that producers of batteries have registered to fulfil their extended producer responsibility for batteries and take account of the environmental impacts of batteries over their life cycle with a view to ensure that such impacts of the batteries procured are kept to a minimum.
2021/09/09
Committee: TRAN
Amendment 396 #

2020/0353(COD)

Proposal for a regulation
Annex VI – Part A – paragraph 1 – point 2 a (new)
2 a. the weight of the battery;
2021/09/09
Committee: TRAN
Amendment 397 #

2020/0353(COD)

Proposal for a regulation
Annex VI – Part A – paragraph 1 – point 6
6. chemistry at cell level;
2021/09/09
Committee: TRAN
Amendment 389 #

2020/0310(COD)

Proposal for a directive
Article 1 – paragraph 1 – introductory part
1. With a view to improving working and living conditions in the Union, this Directive establishes a framework for the promotion of:
2021/05/18
Committee: EMPL
Amendment 409 #

2020/0310(COD)

Proposal for a directive
Article 1 – paragraph 1 – point b
(b) access of workers to minimum wage protection, in the form of wages set out byby promoting access to collective agreementsbargaining or in the form of a statutory minimum wage in Member States where it exists.
2021/05/18
Committee: EMPL
Amendment 421 #

2020/0310(COD)

Proposal for a directive
Article 1 – paragraph 3
3. Nothing in this Directive shall be construed as imposing an obligation on the Member States where wage setting is ensured exclusivemainly via collective agreements to introduce a statutory minimum wage nor to make the collective agreements universally applicable or affect the contractual freedom of the social partners to negotiate, monitor and set wages through collective agreements. This Directive does not oblige Member States to grant access to minimum wage protection to all workers, nor shall it create any obligation on the Member States as regards the level or conditions for the setting of wages.
2021/05/18
Committee: EMPL
Amendment 445 #

2020/0310(COD)

Proposal for a directive
Article 3 – paragraph 1 – introductory part
For the purposes of this Directive, the following definitions apply while respecting Member States national law and legal labour market practice:
2021/05/18
Committee: EMPL
Amendment 455 #

2020/0310(COD)

Proposal for a directive
Article 3 – paragraph 1 – point 3
(3) ‘collective bargaining’ means all negotiations which take place in accordance to Member States national law and legal labour market practice: between an employer, a group of employers or one or more employers’ organisations, on the one hand, and one or more workers’ organisations, on the other, for determining working conditions and terms of employment; and/or regulating relations between employers and workers; and/or regulating relations between employers or their organisations and a worker organisation or worker organisations;
2021/05/18
Committee: EMPL
Amendment 573 #

2020/0310(COD)

Proposal for a directive
Article 5 – paragraph 2 – introductory part
2. The national criteria referred to in paragraph 1 shall include at least the following elementwhose relevance and relative weight shall be decided by Member States in accordance with their prevailing national socio-economic conditions:
2021/05/18
Committee: EMPL
Amendment 755 #

2020/0310(COD)

Proposal for a directive
Article 9 – paragraph 1
In accordance with Directive 2014/24/EU, Directive 2014/25/EU and Directive 2014/23/EU, Member States shall take appropriate measures to ensure that in the performance of public procurement or concession contracts economic operators comply with the wages set out by collective agreements for the relevant sector and geographical area and with the statutory minimum wages where they exist.deleted
2021/05/18
Committee: EMPL
Amendment 863 #

2020/0310(COD)

Proposal for a directive
Article 11 – paragraph 1
1. Member States shall ensure that, without prejudice to specific forms of redress and dispute resolution provided for, where applicable, in collective agreements, workers, including those whose employment relationship has ended, have access to effective and impartial dispute resolution and a right to redress, including adequate compensation, in the case of infringements of their rightsexisting national law or collective agreements provide for relating to statutory minimum wages or minimum wage protection provided by collective agreements and such rights have been infringed.
2021/05/18
Committee: EMPL
Amendment 880 #

2020/0310(COD)

Proposal for a directive
Article 11 – paragraph 2
2. Member States shall take the measures necessary to protect workers, including those who are workers’ representatives, from any adverse treatment by the employer and from any adverse consequences resulting from a complaint lodged with the employer or resulting from any proceedings initiated with the aim of enforcing compliance with the rights relating to statutory minimum wages or minimum wage protection provided by collective agreements.provided for in existing national law or collective agreements relating to minimum wage protection
2021/05/18
Committee: EMPL
Amendment 907 #

2020/0310(COD)

Proposal for a directive
Article 16 – paragraph 2
2. TMember States where wage setting is ensured mainly via collective agreements shall be derogated from this Directive; while this Directive shall not affect Member States prerogative to apply or to introduce laws, regulations or administrative provisions which are more favourable to workers or to encourage or permit the application of collective agreements which are more favourable to workers.
2021/05/18
Committee: EMPL
Amendment 158 #

2020/0266(COD)

Proposal for a regulation
Recital 2
(2) The use of ICT has in the last decades gained a pivotal role in finance, assuming today critical relevance in the operation of typical daily functions of all financial entities. Digitalisation covers, for instance, payments, which have increasingly moved from cash and paper- based methods to the use of digital solutions, as well as securities clearing and settlement, electronic and algorithmic trading, lending and funding operations, peer-to-peer finance, credit rating, insurance underwriting, claim management and back-office operations. The insurance sector has also been transformed by the use of ICT technology, from the emergence of digital insurance intermediaries operating with InsurTech to digital insurance underwriting and contract distributions. Finance has not only become largely digital throughout the whole sector, but digitalisation has also deepened interconnections and dependencies within the financial sector and with third-party infrastructure and service providers.
2021/06/01
Committee: ECON
Amendment 170 #

2020/0266(COD)

Proposal for a regulation
Recital 17 – point 1
ESAs and national competent authorities, respectively should be able to participate in the strategic policy discussions and the technical workings of the NIS Cooperation Group, respectively, exchanges information and further cooperate with the single points of contact designated under Directive (EU) 2016/1148. The competent authorities under this Regulation should also consult and cooperate with the national CSIRTs designated in accordance with Article 9 of Directive (EU) 2016/1148, in particular when finalising the Oversight plan for, or recommendations addressed to, critical ICT third-party service providers, in order to ensure that there are no inconsistencies or duplications with critical ICT third- party service providers' obligations under Directive (EU) 2016/1148.
2021/06/01
Committee: ECON
Amendment 198 #

2020/0266(COD)

Proposal for a regulation
Recital 43
(43) Further reflection on the possible cCentralisation of ICT-related incident reports should be envisaged, by means of a single central EU Hub either directly receiving the relevant reports and automatically notifying national competent authorities, or merelywill be achieved with the establishment of a single central EU Hub for major ICT-related incident reporting. The new EU Hub will centralisinge reports forwarded by the national competent authorities and fulfilling a coordination role. The ESAs should be required to prepare, in consultation with ECB and ENISA, by a certain date a joint report exploring the feasibility of setting up such a central EU Hub.
2021/06/01
Committee: ECON
Amendment 274 #

2020/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 4
(4) ‘ICT risk’ means any reasonably identifiable circumstance in relation toderived from the use of network and information systems, - including a malfunction, capacity overrun, failure, disruption, impairment, misuse, loss or other type of malicious or non-malicious event - which, if materialised, may compromise the security ofr adversely affect the network and information systems, of any technology-dependant tool or process, of the operation and process’ running, or of the provision of services, thereby compromising the integrity or availability of data, software or any other component of ICT services and infrastructures, or causing a breach of confidentiality, a damage to physical ICT infrastructure or other adverse effects;
2021/06/01
Committee: ECON
Amendment 285 #

2020/0266(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point 6
(6) ‘ICT-related incident’ means an unforeseen identified occurrence in they event having an actual adverse effect on the security of network and information systems, whether resulting from malicious activity or not, which compromises the security of network and information systems, of the information that such systems process, store or transmit, or has adverse effects on the availability, confidentiality, continuity or authenticity of financial services provided by the financial entity;
2021/06/01
Committee: ECON
Amendment 489 #

2020/0266(COD)

Proposal for a regulation
Article 17 – paragraph 1 – introductory part
1. Financial entities shall report major ICT-related incidents to the relevant competent authoritysingle EU Hub as referred to in Article 419, within the time- limits laid down in paragraph 3.
2021/06/01
Committee: ECON
Amendment 490 #

2020/0266(COD)

Proposal for a regulation
Article 17 – paragraph 1 – subparagraph 1
For the purpose of the first subparagraph, financial entities shall produce, after collecting and analysing all relevant information, an incident report using the template referred to in Article 18 and submit it to the competent authoritysingle EU Hub.
2021/06/01
Committee: ECON
Amendment 502 #

2020/0266(COD)

Proposal for a regulation
Article 17 – paragraph 3 – introductory part
3. Financial entities shall submit to the competent authoritysingle EU Hub as referred to in Article 419:
2021/06/01
Committee: ECON
Amendment 507 #

2020/0266(COD)

Proposal for a regulation
Article 17 – paragraph 3 – point a
(a) an initial notification, without delay, but no later than the end of the business day, or, in case of a major24 hours after the ICT- related incident that took place later than 2 hours before the end of the business day, not later than 4 hours from the beginning of the next business dais classified as major by the financial entity, or, where reporting channels are not available, as soon as they become available;
2021/06/01
Committee: ECON
Amendment 512 #

2020/0266(COD)

Proposal for a regulation
Article 17 – paragraph 3 – point c
(c) a final report, when the root cause analysis has been completed, regardless of whether or not mitigation measures have already been implemented, and when the actual impact figures are available to replace estimates, but not later than one month from the moment of sending the initial reportday of sending the initial report. In duly justified cases, and following agreement with the competent authority, financial entities may deviate from the deadline laid down in this point.
2021/06/01
Committee: ECON
Amendment 520 #

2020/0266(COD)

Proposal for a regulation
Article 17 – paragraph 5
5. Upon receipt of the report referred to in paragraph 1, the competent authority shall, without undue delay, provide details of the incident to: (a) EBA, ESMA or EIOPA, as appropriate; (b) the ECB, as appropriate, in the case of financial entities referred to in points (a), (b) and (c) of Article 2(1); and (c) the single point of contact designated under Article 8 of Directive (EU) 2016/1148.deleted
2021/06/01
Committee: ECON
Amendment 531 #

2020/0266(COD)

Proposal for a regulation
Article 19 – paragraph 1
1. The1. ESAs, through the Joint Committee and in consultation with ECB and ENISA, shall prepare a joint report assessing the feasibility of further centralisation of incident reporting through the establishment of a single EU Hub for major ICT-related incident reporting by financial entities. The report shall explore ways to facilitate the flow of ICT-related incident reporting, reduce associated costs and underpin thematic analyses with a view to enhancing supervisory convergence shall establish and operate a single EU Hub for major ICT-related incident reporting by financial entities.
2021/06/01
Committee: ECON
Amendment 537 #

2020/0266(COD)

Proposal for a regulation
Article 19 – paragraph 2
2. The report referred to in the paragraph 1 shall comprise at least the following elements: (a) prerequisites for the establishment of such an EU Hub; (b) benefits, limitations and possible risks; (c) elements of operational management; (d) conditions of membership; (e) modalities for financial entities and national competent authorities to access the EU Hub; (f) a preliminary assessment of financial costs entailed by the setting-up the operational platform supporting the EU Hub, including the required expertisedeleted
2021/06/01
Committee: ECON
Amendment 538 #

2020/0266(COD)

Proposal for a regulation
Article 19 – paragraph 2 – introductory part
2. The reportEU Hub shall collect and maintain incident data and shall ensure that the entities referred to in the paragraph 1 shall comprise at least the following elements:3 have direct and immediate access to the relevant information.
2021/06/01
Committee: ECON
Amendment 541 #

2020/0266(COD)

Proposal for a regulation
Article 19 – paragraph 3
3. The ESAs shall submitU Hub shall make the necessary information available to the following entities to enable them to fulfil their report referred to in the paragraph 1 to the Commission, the European Parliament and to the Council by xx 202x [OJ: insert date 3 years after the date of entry into force]. spective responsibilities and mandates: (a) Competent authorities as referred to in Article 41; (b) EBA, ESMA or EIOPA, as appropriate; (c) the ECB, as appropriate, in the case of financial entities referred to in points (a), (b) and (c) of Article 2(1); (d) the single point of contact designated under Article 8 of Directive (EU) 2016/1148; (e) the Single Resolution Board (SRB), for entities referred to in Article 7(2) of Regulation (EU) No 806/2014, and national resolution authorities in relation to entities referred to in Article 7(3) of Regulation (EU) No 806/2014; and (f) the relevant national CSIRT belonging to the CSIRTs network as established by Article 12 of Directive (EU) 2016/1148, in cases where the reporting entity falls within the scope of that Directive.
2021/06/01
Committee: ECON
Amendment 544 #

2020/0266(COD)

3 a. The ESAs, through the Joint Committee and after consultation with ENISA and the ECB, shall develop common draft regulatory technical standards specifying the following: (a) modalities and operational standards for the entities referred to in paragraph 3 to access the EU Hub; (b) the terms and conditions, the arrangements and the required documentation under which access to the EU Hub is granted to the entities referred to in paragraph 3; (c) the conditions for membership of financial entities.
2021/06/01
Committee: ECON
Amendment 595 #

2020/0266(COD)

Proposal for a regulation
Article 25 – paragraph 1 – point 8 – introductory part
8. Financial entities shall ensure that contractual arrangements on the use of ICT services are terminallow the financial entity to terminate the arrangement under applicable law, after all other remedies have been exhausted, at least under the following circumstances:
2021/06/01
Committee: ECON
Amendment 642 #

2020/0266(COD)

Proposal for a regulation
Article 27 – paragraph 2 a (new)
2 a. The contractual arrangements for the provision of ICT services by an ICT third-party service provider established in a third country and designated as critical pursuant to Article 28(9), shall, in addition to the provisions set out in paragraphs 2 and 2a of this Article: (a) be concluded with a legal entity in the Union of that ICT third-party service provider; and (b) guarantee that the Joint Oversight Executive Body can carry out its duties specified in Article 30 on the basis of its competences set out in Article 31. The services for which the contractual arrangements are concluded shall not be required to be performed by the legal entity located in the Union.
2021/06/01
Committee: ECON
Amendment 652 #

2020/0266(COD)

Proposal for a regulation
Article 28 – paragraph 1 – point b
(b) appoint either EBA, ESMA or EIOPA as Lead Overseer for each critical ICT third-party service provider, depending on whether the total value of assets of financial entities making use of the services of that critical ICT third-party service provider and which are covered by one of the Regulations (EU) No 1093/2010 (EU), No 1094/2010 or (EU) No 1095/2010 respectively, represents more than a half of the value of the total assets of all financial entities making use of the services of the, on a rotational basis, to be rotated following the annual publication of the list referred to in paragraph 6, as having the responsibility to adopt formal decisions and recommendations addressed to critical ICT third- party service providers, as evidenced by the consolidated balance sheets, or the individual balance sheets where balance sheets are not consolidated, of those financial entitieson the basis of draft decisions and recommendations from the Joint Oversight Executive Body.
2021/06/01
Committee: ECON
Amendment 693 #

2020/0266(COD)

Proposal for a regulation
Article 30 – paragraph 3 a (new)
3 a. When preparing the Oversight plan, the Joint Oversight Executive body shall consult all relevant competent authorities and single points of contact referred to in Article 8 of Directive (EU) 2016/1148 to ensure that there are no inconsistencies or duplications with the critical ICT third-party service provider's obligations under Directive (EU) 2016/1148.
2021/06/01
Committee: ECON
Amendment 700 #

2020/0266(COD)

Proposal for a regulation
Article 31 – paragraph 1 – subparagraph 1 (new)
The powers referred to in the first subparagraph shall primarily be used in respect of the critical or important services provided by the critical ICT third- party service provider to financial entities, but may also be used in respect of other services provided to financial entities when necessary.
2021/06/01
Committee: ECON
Amendment 704 #

2020/0266(COD)

Proposal for a regulation
Article 31 – paragraph 2 a (new)
2 a. When preparing the recommendations, the Joint Oversight Executive body shall consult all relevant competent authorities and single points of contact referred to in Article 8 of Directive (EU) 2016/1148 to ensure there are no inconsistencies or duplications with the critical ICT third-party service provider's obligations under Directive (EU) 2016/1148
2021/06/01
Committee: ECON
Amendment 727 #

2020/0266(COD)

Proposal for a regulation
Article 37 – paragraph 1
1. Within 30 calendar days after the receipt of the recommendations issued by Lead Overseersthe Joint Oversight Executive Body pursuant to point (d) of Article 31(1), critical ICT third-party service providers shall notify the LeadJoint Overseeright Executive Body whether they intend to follow those recommendations. Lead OverseersThe Joint Oversight Executive Body shall immediately transmit this information to competent authorities.
2021/06/01
Committee: ECON
Amendment 730 #

2020/0266(COD)

Proposal for a regulation
Article 37 – paragraph 3
3. Competent authorities may, in accordance with Article 44, requireThe ESAs may decide, upon recommendation from the Joint Oversight Executive Body and after consultation with the Competent authorities of the affected financial entities, to temporarily suspend, either in part or completely, the use or deployment of a service provided by the critical ICT third-party provider untilo financial entity customers exposed to the risks identified in the recommendations addressed to critical ICT third-party service providers until those risks have been addressed. Where necessary, they may require financial entitiethe critical ICT third-party service providers to terminate, in part or completely, the relevant contractual arrangements concluded with the critical ICT third-party service providerfinancial entity customers exposed to the identified risks.
2021/06/01
Committee: ECON
Amendment 737 #

2020/0266(COD)

Proposal for a regulation
Article 37 – paragraph 4 – introductory part
4. When tmaking those drecisions referred to in paragraph 3, competent authoritiesommendations, the Joint Oversight Executive Body shall take into account the type and magnitude of risk that is not addressed by the critical ICT third-party service provider, as well as the seriousness of the non-compliance, having regard to the following criteria:
2021/06/01
Committee: ECON
Amendment 24 #

2020/0154(COD)

Proposal for a regulation
Article 1 – paragraph 1 a (new)
Regulation (EU) 2016/1011
Article 3 – paragraph 1 – point 24 – point a – point i
(1 a) in Article 3, point i of point 24(a) is amended as follows: "(i) a trading venue as defined in point (24) of Article 4(1) of Directive 2014/65/EU or a trading venue in a third country for which the Commission has adopted an implementing decision that the legal and supervisory framework of that country is considered to have equivalent effect within the meaning of Article 28(4) of Regulation (EU) No 600/2014 of the European Parliament and of the Council (22) or Article 25(4) of Directive 2014/65/EU of the European Parliament and of the Council, or a regulated market considered to be equivalent under Article 2a of Regulation (EU) No 648/2012, but in each case only with reference to transaction data concerning financial instruments; " Or. en (32016R1011)
2020/10/29
Committee: ECON
Amendment 48 #

2020/0154(COD)

Proposal for a regulation
Article 1 – paragraph 2
Regulation (EU) 2016/1011
Article 23a – paragraph 4 a (new)
(4 a) This Article shall apply to critical interest rate benchmarks which were provided in the Union prior to 31 December 2020 and third country interest rate benchmarks.
2020/10/29
Committee: ECON
Amendment 206 #

2020/0104(COD)

Proposal for a regulation
Recital 7 a (new)
(7a) The European Court of Auditors' Special report 16/2020 on the European Semester calls on the Commission to strengthen the link between the Country Specific Recommendations and the distribution of EU funds.
2020/09/22
Committee: BUDGECON
Amendment 224 #

2020/0104(COD)

Proposal for a regulation
Recital 9
(9) The types of financing and the methods of implementation under this Regulation should be chosen on the basis of their ability to achieve the specific objectives of the actions, particularly addressing the challenges identified in the context of the European Semester, and to deliver results, taking into account, in particular, the costs of controls, the administrative burden, and the expected risk of non- compliance. This should include consideration of the use of lump sums, flat rates and unit costs, as well as financing not linked to costs as referred to in Article 125(1)(a) of the Financial Regulation.
2020/09/22
Committee: BUDGECON
Amendment 350 #

2020/0104(COD)

Proposal for a regulation
Recital 16
(16) To ensure its contribution to the objectives of the Facility, the recovery and resilience plan should comprise measures for the implementation of reforms and public investment projects through a coherent recovery and resilience plan. TIt is of utmost importance that the recovery and resilience plan should be consistent with the relevant country- specific challenges and priorities identified in the context of the European Semester,. The plan should also be consistent with the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements and operational programmes adopted under the Union funds. To boost actions that fall within the priorities of the European Green Deal and the Digital Agenda, the plan should also set out measures that are relevant for the green and digital transitions. The measures should enable a swift deliver of targets, objectives and contributions set out in national energy and climate plans and updates thereof. All supported activities should be pursued in full respect of the climate and environmental priorities of the Union.
2020/09/22
Committee: BUDGECON
Amendment 1401 #

2020/0104(COD)

Proposal for a regulation
Article 20 – paragraph 1 a (new)
Independent fiscal institutions, as defined by Council Directive 2011/85/EU, shall, on a biannual basis, complement and assess such reports focusing on the reliability of the information, data and forecasts provided, as well as the performance and the general progress made in the achievement of the recovery and resilience plans.
2020/09/25
Committee: BUDGECON
Amendment 1428 #

2020/0104(COD)

Proposal for a regulation
Article 22 – paragraph 1 – point c
(c) ensure close cooperation between those responsible for implementation, control and supervision at Union, national and, where appropriate, regional levels to achieve the objectives of the instruments established under this Regulation.
2020/09/25
Committee: BUDGECON
Amendment 51 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point -1 (new)
Regulation (EU) No 575/2013
Article 366 – paragraph 4 – subparagraph 1 a (new)
(-1) In Article 366(4), the following subparagraph is added: "Under the most extraordinary circumstances, competent authorities may exclude the overshootings both under hypothetical and actual changes, where these overshootings do not result from deficiencies in the internal model and that have occurred between 1 January 2020 and 31 December 2021 in the calculation of the addend set out in paragraph 3."
2020/05/27
Committee: ECON
Amendment 85 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) No 575/2013
Article 495 – paragraph 2
(2a) In Article 495, paragraph 2 is replaced by the following: “2. In the calculation of risk-weighted exposure amounts for the purposes of Article 114(4), until 31 December 201722 the same risk weight shall be assigned in relation to exposures to the central governments or central banks of Member States denominated and funded in the domestic currency of any Member State as would be applied to such exposures denominated and funded in their domestic currency.” (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0575-20230628)Or. en
2020/05/27
Committee: ECON
Amendment 88 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a
(3) the following article is inserted: Article 500a Temporary treatment of public guarantees related to the COVID-19 pandemic By way of derogation from Article 47c(3), until [date of entry into force of this amending Regulation + 7 years] the factors set out in Article 47c(4) shall also apply to the part of the non-performing exposure guaranteed by an eligible provider referred to in points (a) to (e) of Article 201(1), where, subject to compliance with Union State aid rules, where applicable, the guarantee or counter-guarantee is provided as part of support measures to assist borrowers amid the COVID-19 pandemic.deleted
2020/05/27
Committee: ECON
Amendment 94 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a – paragraph 1 a (new)
1a. By way of derogation from Article 114(2), for exposures to the central governments and central banks of Member States denominated and funded in the domestic currency of another Member State. (a) until 31 December 2022, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to those exposures in accordance with Article 114(2); (b) during the period from 1 January 2023 to 31 December 2023, the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to those exposures in accordance with Article 114(2); (c) during the period from 1 January 2024 to 31 December 2024, the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to those exposures in accordance with Article 114(2); (d) during the period beginning 1 January 2025 and thereafter, the risk weight applied to the exposure values shall be 100 % of the risk weight assigned to those exposures in accordance with Article 114(2).
2020/05/27
Committee: ECON
Amendment 97 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a – paragraph 1 b (new)
1b. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits: (a) 100 % of the institution’s Tier 1 capital until 31 December 2023; (b) 75 % of the institution’s Tier 1 capital until 31 December 2024; (c) 50 % of the institution’s Tier 1 capital until 31 December 2025. The limits referred to in points (a), (b) and (c) of the first subparagraph of this paragraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403.
2020/05/27
Committee: ECON
Amendment 100 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
1b. By way of derogation from point (ii) of point (d) of Article 150(1), after receiving the prior permission of the competent authorities and subject to the conditions laid down in Article 150, institutions may also apply the Standardised Approach to exposures to central governments and central banks that are assigned a 0 % risk weight under paragraph 1 of this Article.
2020/05/27
Committee: ECON
Amendment 101 #

2020/0066(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new)
Regulation (EU) No 575/2013
Article 500 b (new)
(3a) the following article is inserted: “Article 500b Temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic 1. By way of derogation from Article 429(4), until 27 June 2021, an institution may exclude from its total exposure measure the following exposures to the institution's central bank, subject to the conditions set out in paragraphs 2 and 3: (a) coin sand banknotes constituting legal currency in the jurisdiction of the central bank; (b) assets representing claims on the central bank, including reserves held at the central bank. The amount excluded by the institution cannot exceed the average amount of the exposures listed in points (a) and (b) of the first subparagraph over the most recent full reserve maintenance period of the institution’s central bank. 2. An institution may exclude the exposures listed in paragraph 1 where the institution's competent authority has determined, after consultation with the relevant central bank, and publicly declared that exceptional circumstances exist that warrant the exclusion in order to facilitate the implementation of monetary policies. 3. The exposures to be excluded under paragraph 1 shall meet both of the following conditions: (a) they are denominated in the same currency as the deposits taken by the institution; (b) their average maturity does not significantly exceed the average maturity of the deposits taken by the institution. 4. An institution that exclude from its total exposure measure exposures to its central bank in accordance with paragraph 1 shall also disclose the leverage ratio it would have if it did not exclude those exposures.”
2020/05/27
Committee: ECON
Amendment 327 #

2020/0006(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point a
(a) the decommissioning or the construction of nuclear power stations;deleted
2020/06/02
Committee: ECON
Amendment 19 #

2019/2213(BUD)

Draft opinion
Paragraph 4
4. Believes EU transport financing should be aligned to the Green Deal’s regulatory requirements and that full alignment with the Paris Agreement should be guaranteed; and stresses thus that a high level of funding, result oriented and efficient use of funds in the Horizon 2020 transport portfolio, programmes and joint undertakings delivering these objectives are of utmost importance; and highlights the importance of projects and programmes in the fields of decarbonisation and digitalisation;
2020/02/27
Committee: TRAN
Amendment 52 #

2019/2213(BUD)

Draft opinion
Paragraph 7 – indent 1
– Emphasises the crucial role of the Connecting Europe Facility (CEF) in fostering the development of a high- performance trans-European network (TEN-T) that is sustainable and interconnected across the areas of transport, energy and digital services infrastructure; reiterates that the swift completion of the TEN-T will make a significant contribution to socio-economic and territorial cohesion in the EU and to the promotion of the EU’s decarbonisation objectives; requests, therefore, that the CEF-Transport budget be increased for the MFF 2021-2027 and that its allocation for 2021 be decided accordingly; recalls that the CEF’s short-, mid- and long- term planning of spending should take into consideration a result-oriented approach and seek for and EU added value;
2020/02/27
Committee: TRAN
Amendment 31 #

2019/2211(INI)

Motion for a resolution
Recital A
A. whereas the improvement in the economic situation and low interest rates provide an opportunity to implement ambitious reforms, in particular measures aimed at encouraging public investment to tackle climate change and its social consequences and create full-time jobstructural reforms;
2020/01/27
Committee: ECON
Amendment 46 #

2019/2211(INI)

Motion for a resolution
Recital B
B. whereas inequality of income in the euro area has increased since the beginning of the financial crisis; whereas there are between 50 and 100 million people affected by energy poverty in Europe;deleted
2020/01/27
Committee: ECON
Amendment 60 #

2019/2211(INI)

Motion for a resolution
Recital C
C. having regard to the need for a European Climate Law with a legally binding goal of reaching net zero greenhouse gas emissions by 2050 at the latest and an intermediate target of at least 65 % for 2030;deleted
2020/01/27
Committee: ECON
Amendment 83 #

2019/2211(INI)

Motion for a resolution
Paragraph 1
1. Notes that, in view of the climate change emergency, the EU’s Annual Growth Survey (AGS) has now been renamed the Annual Sustainable Growth Survey (ASGS), and considers that this implies a change in the positioning of the report and the implementation of ecological indicators;
2020/01/27
Committee: ECON
Amendment 93 #

2019/2211(INI)

Motion for a resolution
Paragraph 2
2. Notes the role of the European Green Deal as the EU’s new strategy defining ecological issues and the wellbeing of citizens as principal goals for the Union; notes, with regard to the scope of the European Semester, the inclusion of the SDGs and of the principles of the European Pillar of Social Rights (EPSR), which will require the adjustment of existing indicators and the creation of new ones to monitor the implementation of EU economic, environmental and social policies, as well as coherence between policy goals and budgetary means; notes the need to implement long- term planning to tackle climate change;deleted
2020/01/27
Committee: ECON
Amendment 111 #

2019/2211(INI)

Motion for a resolution
Subheading 1
Environmentdeleted
2020/01/27
Committee: ECON
Amendment 117 #

2019/2211(INI)

Motion for a resolution
Paragraph 3
3. Considers achieving a fair transition to climate neutrality to be a major responsibility for the EU’s citizens and economy and its role in the world; calls for appropriate support and policies, with involvement for and of the public, the various sectors, regions and Member States with a view to benefiting from this transformation and making it a success; calls on the Commission to undertake an annual evaluation of the Union’s ecological debt, carbon budget and imported emissions;
2020/01/27
Committee: ECON
Amendment 145 #

2019/2211(INI)

Motion for a resolution
Paragraph 5
5. Is concerned that post-crisis investment has been on a downward path in the EU in spite of historically low interest rates, currently standing at 3.4 %, with overall infrastructure investment now at about 75 % of its pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector, which have occurred particularly in countries subject to adverse macroeconomic conditions and the more severe fiscal constraints imposed on disadvantaged regions already characterised by poor infrastructure quality and weak socio- economic outcomes, but also, and surprisingly, in countries with a large fiscal space;
2020/01/27
Committee: ECON
Amendment 154 #

2019/2211(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. Emphasises that Member States must increase productivity through productive investments that can stimulate much-needed potential economic growth;
2020/01/27
Committee: ECON
Amendment 155 #

2019/2211(INI)

Motion for a resolution
Paragraph 5 b (new)
5 b. Stresses that intra-European foreign direct investment can lead to productivity gains for both the investing firm and local firms in the host regions, and helps generate economic convergence within Europe; considers that clear and enforceable rules, a level playing field and reduced compliance costs are crucial factors for attracting investment, a key component of the EU Single Market that delivers economic growth, creates jobs and secures prosperity for our citizens;
2020/01/27
Committee: ECON
Amendment 156 #

2019/2211(INI)

Motion for a resolution
Paragraph 5 c (new)
5 c. Highlights the urgent Need for a fully-fledged capital markets union, as better integrated financial markets could provide for further private risk-sharing and risk-reduction mechanisms, facilitate cross-border investments and access to finance for SMEs and the real economy, and promote sustainable investments
2020/01/27
Committee: ECON
Amendment 157 #

2019/2211(INI)

Motion for a resolution
Paragraph 5 d (new)
5 d. Considers that reforms removing disproportionate red tape to investments would both facilitate economic activity and create conditions conducive to long- term growth;
2020/01/27
Committee: ECON
Amendment 158 #

2019/2211(INI)

Motion for a resolution
Paragraph 5 e (new)
5 e. Stresses that increasing productivity growth requires investment in skills, innovation, Automation, digitalisation, R&D, sustainable mobility and infrastructure, and emphasises the need to invest in both physical and human capital, and thereby calls on the Member States to ensure equal access to lifelong education, upskilling and retraining to best prepare our citizens to face the challenges of the Digital age;
2020/01/27
Committee: ECON
Amendment 159 #

2019/2211(INI)

Motion for a resolution
Paragraph 6
6. Endorses the conclusion of the European Fiscal Board (EFB) that the fiscal framework has not protected the quality of public expenditure, and welcomes the EFB’s proposal for a ‘golden rule’ to protect public investment; calls, therefore, for the reform of the Stability and Growth Pact and the introduction of a golden rule aimed at implementing sound fiscal policy on an equal footing with investment within the EU’s policy objectives; whereas this should cover the investment foreseen for the realisation of the Green Deal, the Digital Revolution, the SDGs and the EPSR Rights, including expenditure aimed at reducing poverty and inequality related to social protection, health services and long-term care, and education and training;deleted
2020/01/27
Committee: ECON
Amendment 175 #

2019/2211(INI)

Motion for a resolution
Paragraph 7
7. Highlights the problem of too low a level of public investment; calls on the Commission to assess the cost of not taking action in this area, in particular by evaluating the difference between the need for investment and the actual investments made;deleted
2020/01/27
Committee: ECON
Amendment 192 #

2019/2211(INI)

Motion for a resolution
Paragraph 8
8. Calls for a European Green Industrial Strategy;deleted
2020/01/27
Committee: ECON
Amendment 207 #

2019/2211(INI)

Motion for a resolution
Subheading 4
MEnsuring macroeconomic stability and sound public finances
2020/01/27
Committee: ECON
Amendment 213 #

2019/2211(INI)

Motion for a resolution
Paragraph 9
9. SharesTakes note of the concern expressed in others of the EFB European Fiscal Boards’s conclusions regarding the pro- cyclical elements in the EU fiscal rules, which forced Member S; tatkes to adjust their economies in a poor or difficult economic situation, failing to improve the quality of public finance and promote investment; welcomes the EFBnote of the European Fiscal Board’s recommendation of a seven-year cycle mirroring the MFFulti-Annual Financial Framework so as to better coordinate Member States’ public accounts, and especially investmentregarding investment, thus helping them attain much-needed converge;
2020/01/27
Committee: ECON
Amendment 218 #

2019/2211(INI)

Motion for a resolution
Paragraph 10
10. Notes that the debt levels of all the Member States are above the pre-crisis level and are expected to exceed 60 % in 2021; further notes that in six Member States the ratio will be higher than 90 %; highlights the fact that the fiscal rules have not contributed to bringing down the debt levels of highly indebted countries but have, rather, increased them;
2020/01/27
Committee: ECON
Amendment 229 #

2019/2211(INI)

Motion for a resolution
Paragraph 11
11. Supports flexibility in the implementation of the SGP as proposed by the Commission in 2015; considers that much more flexibility should be introduced in order to boost investment and ecological transition in the EU; calls, therefore, for the reform of the SGP and the introduction of a euro area fiscal capacityArgues that the SGP process has to be accompanied by rules that avoid pro- cyclicality and incentivize countercyclical policy measures;
2020/01/27
Committee: ECON
Amendment 242 #

2019/2211(INI)

Motion for a resolution
Paragraph 12
12. Reiterates its call for a European stabilisation function and a European unemployment benefit reinsurance scheme, with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances;deleted
2020/01/27
Committee: ECON
Amendment 253 #

2019/2211(INI)

Motion for a resolution
Subheading 5
Macroeconomic imbalancesdeleted
2020/01/27
Committee: ECON
Amendment 273 #

2019/2211(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Is concerned that the low interest rates during a long growth period will lead to misperception about the high burden of indebtedness for future generations.
2020/01/27
Committee: ECON
Amendment 278 #

2019/2211(INI)

Motion for a resolution
Paragraph 15
15. Recalls the importance of the efficient regulation of the banking and financial sectors in order to prevent a new crisis; believes that such regulation must integrate the ecological situation; emphasises the importance of completing the Banking Union and the need to reform the European Stability Mechanism;
2020/01/27
Committee: ECON
Amendment 293 #

2019/2211(INI)

Motion for a resolution
Paragraph 15 a (new)
15 a. Points out that macro-financial stability and sound public finances remain a precondition of sustainable growth;
2020/01/27
Committee: ECON
Amendment 295 #

2019/2211(INI)

Motion for a resolution
Paragraph 15 b (new)
15 b. Calls for those Member Stateswith high levels of deficits and public debt to undertake continuous efforts to reduce them; acknowledges the efforts made by a number of Member States to consolidate their public finances, but regrets the fact that some have missed the opportunity to carry out the necessary reforms;
2020/01/27
Committee: ECON
Amendment 299 #

2019/2211(INI)

Motion for a resolution
Paragraph 15 c (new)
15 c. Welcomes that some Member States with good fiscal space have consolidated even further;
2020/01/27
Committee: ECON
Amendment 300 #

2019/2211(INI)

Motion for a resolution
Paragraph 15 d (new)
15 d. Urges the Member States to build appropriate fiscal Buffers;
2020/01/27
Committee: ECON
Amendment 301 #

2019/2211(INI)

Motion for a resolution
Paragraph 15 e (new)
15 e. recalls the importance of aconsistent implementation of fiscal rules for ensuring the trust of financial markets, which is fundamental for attracting investment;
2020/01/27
Committee: ECON
Amendment 302 #

2019/2211(INI)

Motion for a resolution
Paragraph 15 f (new)
15 f. Welcomes the Commission’sefforts to encourage those Member States with current account deficits or high external debt to improve their competitiveness;
2020/01/27
Committee: ECON
Amendment 303 #

2019/2211(INI)

Motion for a resolution
Subheading 6
Taxationdeleted
2020/01/27
Committee: ECON
Amendment 316 #

2019/2211(INI)

Motion for a resolution
Paragraph 17
17. Calls for the systematic inclusion of tax matters in the Country Specific Recommendations (CSRs), with the aim of ensuring economic coherence across EU Member States as well as the fairness of EU tax systems; believes that the CSRs could ensure a fair balance between sources of revenue and should also include innovative elements aiming at promoting the Green Deal; further believes that they should also support Member States in tackling tax avoidance and aggressive tax planning;
2020/01/27
Committee: ECON
Amendment 339 #

2019/2211(INI)

Motion for a resolution
Subheading 7
Labour situationdeleted
2020/01/27
Committee: ECON
Amendment 349 #

2019/2211(INI)

Motion for a resolution
Paragraph 19
19. Stresses that, according to the EU Labour Force Survey, there are 8.3 million involuntary part-time workers in the EU, two thirds of them women; requests the Commission to undertake a study to analyse the impact of this development on pension systems and public finances;deleted
2020/01/27
Committee: ECON
Amendment 357 #

2019/2211(INI)

Motion for a resolution
Paragraph 20
20. Takes note of AMR 2020’s finding that wage growth at euro area level remains below what would be expected at the current levels of unemployment on the basis of historical data, and that this affects the inflation rate; highlights that the currently low productivity and inflation together with structural reforms transferring collective bargaining to the enterprise level are detrimental to wage growth and are leading to greater income inequality and an increase in the numbers of working poor, with in-work poverty affecting almost one in ten workers in Europe; accordingly advocates wage growth;deleted
2020/01/27
Committee: ECON
Amendment 365 #

2019/2211(INI)

Motion for a resolution
Paragraph 21
21. Agrees that it is a matter of great concern that income inequality is above pre-crisis levels in some countries, being frequently linked to unequal opportunities in access to education, training and social protection;deleted
2020/01/27
Committee: ECON
Amendment 371 #

2019/2211(INI)

Motion for a resolution
Paragraph 22
22. Underlines the fact that the number of people at risk of poverty or social exclusion stands, on 2017 figures, at 113 million, or 22.5 % of the population;deleted
2020/01/27
Committee: ECON
Amendment 378 #

2019/2211(INI)

Motion for a resolution
Paragraph 23
23. Stresses that equality between women and men, gender mainstreaming and gender budgeting must become key elements of the European Semester, leading to action on gender pay, gender career development and the gender pension gap (which currently stands at 40 % in the EU);deleted
2020/01/27
Committee: ECON
Amendment 384 #

2019/2211(INI)

Motion for a resolution
Paragraph 24
24. Welcomes the ASGS 2020’s proposals for fostering social and regional convergence towards better living and working conditions in the EU;deleted
2020/01/27
Committee: ECON
Amendment 397 #

2019/2211(INI)

Motion for a resolution
Paragraph 25 a (new)
25 a. Recalls that the degree of implementation of the country-specific recommendations is too low; believes that the focus of the European Semester should be on national ownership; urges national and regional parliaments to debate country reports andcountry- specific recommendations and to engage with the relevant actors; Points out that a more streamlined and more focused European Semester could increase ownership;
2020/01/27
Committee: ECON
Amendment 399 #

2019/2211(INI)

Motion for a resolution
Paragraph 26
26. Looks forward to the stronger involvement of the EP and the national parliaments in the European Semester process and to the creation of an institutionalised dialogue with the Commission, the social partners, territories and civil society, at both EU and national level, in order to further boost the process’s democratic legitimacy;deleted
2020/01/27
Committee: ECON
Amendment 407 #

2019/2211(INI)

Motion for a resolution
Paragraph 27
27. Invites the stakeholders in this necessary next step to create enhanced democratic accountability mechanisms at both EU and national levels, while formalising the scrutiny role of the EP in the European Semester; calls on the Commission and the Member States to enhance the social dialogue, including over the CSRs, and to engage in dialogue with the social partners;deleted
2020/01/27
Committee: ECON
Amendment 3 #

2019/2191(INI)

Motion for a resolution
Recital A a (new)
A a. whereas four Memoranda of Understanding (MoU) on the cooperation for the deployment of the ERTMS were signed by European Commission and the European rail manufacturers, infrastructure managers and railway undertakings, the last one being in September 2016;
2021/03/29
Committee: TRAN
Amendment 4 #

2019/2191(INI)

Motion for a resolution
Recital B
B. whereas important legislative steps have been taken, including the adoption in June 2016 of the Fourth Railway Package, which regulates rail governance issues and reinforces the role of the European Railway Agency (the Agency) as system authority for ERTMS as well as the revision of the Technical Specification for Interoperability for the on-board and trackside Control Command and Signalling (CCS TSI) subsystems adopted by Commission Regulation (EU) 2016/919, which gives legal status to the ETCS Baseline 3 Release 2 and GSM-R Baseline 1 specifications;
2021/03/29
Committee: TRAN
Amendment 26 #

2019/2191(INI)

Motion for a resolution
Paragraph 2
2. Points out that the European Green Deal calls for a major modal shift to rail and that the new Sustainable and Smart Mobility Strategy sets the milestones of doubling high-speed rail traffic by 2030 and rail freight traffic by 2050 which require a share increase in rail transport capacity that cannot be obtained without an acceleration of the roll-out of the ERTMS;
2021/03/29
Committee: TRAN
Amendment 29 #

2019/2191(INI)

Motion for a resolution
Paragraph 2 a (new)
2 a. Recalls that the ERTMS was launched in the 1990s and its aim is to ensure safety of the railway traffic, to foster interoperability among national rail networks and cross-border rail transport, to reduce the purchasing and maintenance costs of the signalling systems as well as to increase the capacity of the infrastructure and the reliability of the rail transport system;
2021/03/29
Committee: TRAN
Amendment 35 #

2019/2191(INI)

Motion for a resolution
Paragraph 3
3. Stresses that the ERTMS has become a global standard for train control and communication, and has been deployed in almost 50 countries around the world providing for excellent opportunities to increase high value business and expertise within Europe and for export; calls for the establishment of a European Standardised Traffic Management system, and believes that a European standard must be swiftly developed before a global rail traffic management system standard is imposed on the EU;
2021/03/29
Committee: TRAN
Amendment 38 #

2019/2191(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the Commission’s work to establish a Control Command and Signalling (CCS) architecture framework to ensure that rail fully embraces digitalisation that builds the ERTMS which should allow for easier and more affordable updates and upgrades thanks to further standardisation and modularisation, by introducing the “plug- and-play” principle and by working on harmonised data modelling;
2021/03/29
Committee: TRAN
Amendment 67 #

2019/2191(INI)

Motion for a resolution
Paragraph 9
9. Believes there is a need for a regulatory framework for the digitalisation of the rail system, and welcomes the contribution of Shift2Rail Joint Undertaking (S2R JU) for addressing the removal of remaining technical obstacles holding back the rail sector in terms of interoperability and through the transition to a more integrated, efficient and safe EU railway market, guaranteeing the proper interconnection of technical solutions; strongly supports its new successor initiative, the system pillar, which coordinates the evolution of the system, new technology developments, migration plans, industrialisation and deployment, especially for the ERTMS, with a view to contributing to more efficient collaboration and better use of scarce resources;
2021/03/29
Committee: TRAN
Amendment 87 #

2019/2191(INI)

Motion for a resolution
Paragraph 12
12. Points out that there are still currently roughly 30 different national signalling systems; highlights that the Class B systems are a bottleneck for ERTMS rollout and for cross-border operations of rail traffic in European network, require a more expensive and difficult safety authorisation for operators, and are a barrier to the competitiveness of the rail transport hampering the technical and operational compatibility of railways across the EU, and resulting in additional costs for the sector, including for maintenance;
2021/03/29
Committee: TRAN
Amendment 99 #

2019/2191(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Reminds that the incompatibilities between the different ERTMS trackside versions already deployed shall be eliminated and future compatibility for all ERTMS lines shall be ensured and in this sense calls for further cooperation between ERA and the infrastructure managers and national safety authorities;
2021/03/29
Committee: TRAN
Amendment 111 #

2019/2191(INI)

Motion for a resolution
Paragraph 17
17. Deplores the fact that in the five years till mid-2019 almost 80 % of new vehicles introduced in Europe were either subject to a derogation or were exempted from the requirement to fit the ERTMS believes that in view of the ERTMS deployment in the comprehensive network no derogations or exemptions from the requirement to fit ERTMS should be granted to new rolling stock introduced;
2021/03/29
Committee: TRAN
Amendment 114 #

2019/2191(INI)

Motion for a resolution
Paragraph 18
18. Stresses that the timeframe of authorisation processes for retrofit projects still differ because of diverging assessments by the National Security Agencies (NSAs) on the need to re- authorise certain modifications; calls on the Commission to ensure that the authorisation procedures following type authorisation processes are streamlined by means of fast-tracked control operations believes, moreover, that conformity processes should further strengthen the involvement at an early stage of the industrial suppliers and the NSAs concerned in order to promote the large- scale and ambitious deployment initiatives from the railway undertakings;
2021/03/29
Committee: TRAN
Amendment 116 #

2019/2191(INI)

Motion for a resolution
Paragraph 18 a (new)
18 a. Recalls that in accordance with the recent business case study on the nine core network corridors, the dual on-board migration strategy for ERTMS deployment, which focuses on equipping the fleet with ERTMS at first, has a better economic outcome, compared to the dual track-side migration strategy; believes that the track-side migration strategy, which focuses on installing ERTMS on installed on top of legacy systems which are kept operational until the whole fleet is equipped, should also be accelerated, especially in light of the upcoming alignment of the Rail Freight Corridor Regulation with the revision of the TEN-T guidelines and, in this respect calls for further cooperation between ERA, the infrastructure managers and national safety authorities to achieve full compatibility of ERTMS trackside versions;
2021/03/29
Committee: TRAN
Amendment 120 #

2019/2191(INI)

Motion for a resolution
Paragraph 19 a (new)
19 a. Underlines that without standardised interfaces with a “plug-and- play” approach – both trackside and on- board –, the rail system will not be able to introduce and grasp the benefits of the ERTMS game changers like automatic train operation (ATO), future radio mobile communication system (FRMCS), satellite positioning or Level 3;
2021/03/29
Committee: TRAN
Amendment 121 #

2019/2191(INI)

Motion for a resolution
Paragraph 19 b (new)
19 b. Points out that GNSS signal availability relies on virtual balises, which would be less costly to deploy and to maintain; calls on the EU rail industry to develop technical solutions in order for GNSS to enable ERTMS on a large scale; calls moreover on the Commission to consider the introduction of EGNSS in the upcoming ERTMS TSI CCS revision in order to close the residual technological gaps and to embrace the innovation;
2021/03/29
Committee: TRAN
Amendment 33 #

2019/2131(INI)

Motion for a resolution
Paragraph 1
1. Calls on the Commission to develop the influence of competition policy in the world, in particular by stepping up cooperation with the USA and China and by always seeking the inclusion of competition rules in EU free trade agreements and in the WTO; alerts the Commission on the paralysis it is facing as a result of being deprived of its Dispute Settlement Body;
2020/01/10
Committee: ECON
Amendment 45 #

2019/2131(INI)

Motion for a resolution
Paragraph 2
2. Calls on the Commission to monitor foreign direct investment and not to limit itself to the screening mechanismensure a rapid implementation of the screening for foreign direct investments mechanism and to propose a tool to strengthen the current mechanism, whilst ensuring that the European Union remains an attractive destination for investment;
2020/01/10
Committee: ECON
Amendment 62 #

2019/2131(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Invites the Commission to continue its efforts to identify subsidies distributed by our main trading partners in cooperation with Member States and stakeholders, building on the recent proposal of the Dutch government;
2020/01/10
Committee: ECON
Amendment 63 #

2019/2131(INI)

Motion for a resolution
Paragraph 3 b (new)
3 b. Calls on the Commission to guarantee a fair competition between the European Union and the United Kingdom after the Brexit in order to ensure a level playing field and avoid any dumping;
2020/01/10
Committee: ECON
Amendment 202 #

2019/2131(INI)

Motion for a resolution
Paragraph 14 a (new)
14 a. Stresses that it is in the interest of the European Union to have pan- European payment systems; calls on the Commission to support initiatives which meet this objective, recognising that their success depends both on the innovative nature of the system for consumers and businesses and on the viability of the economic model on which it is based;
2020/01/10
Committee: ECON
Amendment 5 #

2019/2130(INI)

Motion for a resolution
Citation 10
— having regard to the European Banking Authority (EBA) report of DecNovember 20189 entitled ‘Risk Assessment of the European Banking System’5 ;5, _________________ 5 https://eba.europa.eu/eba-sees-further- improvesites/default/docume nts-in-eu-banks-resilience-but- highlights-challenges-connected-to- profitability-funding-and-operational-risk /files/document_library/Risk%20Analy sis%20and%20Data/Risk%20Assessment %20Reports/2019/Risk%20Assessment%2 0Report_November%202019.PDF
2019/12/18
Committee: ECON
Amendment 14 #

2019/2130(INI)

Motion for a resolution
Citation 27 a (new)
- having regard to the EBA report of November 2019 entitled 'Report on NPLs: Progress made and challenges ahead',15a _________________ 15a https://eba.europa.eu/file/233465/downloa d?token=xH5hxq39
2019/12/18
Committee: ECON
Amendment 16 #

2019/2130(INI)

Motion for a resolution
Citation 27 b (new)
- having regard to the joint advice of the European Supervisory Authorities (ESAs) to the European Commission of April 2019 on the need for improvements relating to ICT risk management requirements in the EU financial sector15b, _________________ 15bJC 2019 26, https://eba.europa.eu/file/102634/downloa d?token=ZR98JZp8
2019/12/18
Committee: ECON
Amendment 18 #

2019/2130(INI)

Motion for a resolution
Citation 27 c (new)
- having regard to the EBA report of October 2019 entitled 'Report on potential impediments to the cross-border provision of banking and payment services',15c _________________ 15c https://eba.europa.eu/file/178124/downloa d?token=7fFsD9og
2019/12/18
Committee: ECON
Amendment 25 #

2019/2130(INI)

Motion for a resolution
Recital A a (new)
A a. whereas the completion of the Banking Union is a vital contributor to the international perception of the euro and its increased role in global markets;
2019/12/18
Committee: ECON
Amendment 36 #

2019/2130(INI)

Motion for a resolution
Recital C
C. whereas entrusting the ECB with the supervision of systemically important financial institutions has proven to be successful; whereas the ECB can exercise, where necessary, supervisory tasks in relation to all credit institutions authorised in, and branches established in, participating Member States;
2019/12/18
Committee: ECON
Amendment 55 #

2019/2130(INI)

Motion for a resolution
Paragraph 1
1. Rrecalls the progress made regarding the implementation of the Banking Union, namely on risk reduction; stresses, however, that the Union and the banking sector must not become complacent and further progress has to be made, particularly onboth on risk reduction and risk sharing;
2019/12/18
Committee: ECON
Amendment 60 #

2019/2130(INI)

Motion for a resolution
Paragraph 1 a (new)
1 a. Recalls that the Banking Union is open to all Members States wishing to join; considers that the control and accountability of the Banking Union lies primarily with the participating Member States and institutions;
2019/12/18
Committee: ECON
Amendment 70 #

2019/2130(INI)

Motion for a resolution
Paragraph 2
2. Welcomes the support of the [incoming] President of the European Commission and the President of the ECB for the completion of the Banking Union and, more globalbroadly, the Economic and Monetary Union, through the creation of a fiscal capacity designed to provide the euro area with an adequate stabilisation function;
2019/12/18
Committee: ECON
Amendment 88 #

2019/2130(INI)

Motion for a resolution
Paragraph 4
4. Notes that bank profitability has increased steadily since 2012, with return on equity surpassing 6 % since 2017; highlights, however, that recent findings from the EBA state that banks' profitability has weakened and the challenges to profitability are not expected to abate in the short-term; underlines that the low risk and low interest rate environment has resulted in lower costs for provisions and losses; recalls the need to continuously evaluate the levels of financing to the economy and particularly to SMEs;
2019/12/18
Committee: ECON
Amendment 135 #

2019/2130(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Recalls the political mandate given to Commission Vice-President Dombrovskis to deliver an economy that works for people; stresses that the objective of all prospective measures or reforms should be to contribute to the stability or proper functioning of the Banking Union to the benefit of the citizen and the real economy;
2019/12/18
Committee: ECON
Amendment 140 #

2019/2130(INI)

Motion for a resolution
Paragraph 7 b (new)
7 b. Underlines that the EU banking sector hosts a plethora of banking models; stresses that all future measures and reforms should take due consideration of the diversity of the EU banking sectors and deliver proportionate measures which will maintain the competitiveness of the sector, both in the internal market and vis-à-vis global markets;
2019/12/18
Committee: ECON
Amendment 152 #

2019/2130(INI)

Motion for a resolution
Paragraph 9
9. Notes that the ratio of non- performing loans (NPLs) held by significant institutionEU banks has fallen by more than half from the start of ECB banking supervision, in November 2014, to June 2019; underlines the need to protect customers’ rights in the context of NPL transactio but that there are still disparities amongst the Member States; stresses that all institutions across the EU should contribute to lowering the ratio; underlines the need to protect customers’ rights in the context of NPL transactions in the primary and secondary markets and that these rights should apply equally to existing and future loans;
2019/12/18
Committee: ECON
Amendment 171 #

2019/2130(INI)

Motion for a resolution
Paragraph 10
10. Notes that work on the implementation of the final Basel III standards has already started; recalls its resolution of 23 November 2016 on the finalisation of Basel III and the conclusions of the ECOFIN Council of 12 July 2016 and calls on the Commission to act on the recommendations therein when drafting the new legislative proposals; underlines that the Commission should ensure that implementation in the EU is proportionate, and maintains the competitiveness of the EU banking sector, both internally and vis-à-vis global competitors;
2019/12/18
Committee: ECON
Amendment 182 #

2019/2130(INI)

Motion for a resolution
Paragraph 12
12. Requests increased transparency in banking supervision in order to reinforce trust from capital and financial markets, companies and citizens, as well as to ensure consistency of treatment across Member States;
2019/12/18
Committee: ECON
Amendment 185 #

2019/2130(INI)

13. Notes that innovative financial technologies are profoundly transforming the financial sector, including banking and payment services, and welcomes the efficiencies these offer to consumers and the competition these bring to the market; highlights the need to address the challenges posed by these new technologies, such as ensuring sustainable business models that are interoperable across borders, a level playing field in terms of regulation and supervision, and cybersecurity; notes, also, the increasing reliance on cloud-computing by the banking sector and urges the Commission to respond to the Joint Advice of the ESAs on the need for legislative improvements relating to ICT risk management requirements in the EU financial sector;
2019/12/18
Committee: ECON
Amendment 191 #

2019/2130(INI)

Motion for a resolution
Paragraph 14
14. NotesRecognises the important contribution the 'shadow banking' sector can make to the establishment of the Capital Markets Union by diversifying funding channels; notes, however, that there is considerable interconnectedness between the ‘shadow banking’ sector and the ‘traditional’ banking sector, which has raisesd concerns of systemic risk given the lack of appropriate supervision of the first; calls,; in this regard, calls for the establishment of a macroprudential toolkit to counter threats to financial stability posed by the increasing role of the ‘shadow banking’ system; encourages global standards setters to work to identify and address these risks;
2019/12/18
Committee: ECON
Amendment 203 #

2019/2130(INI)

Motion for a resolution
Paragraph 15
15. Welcomes the agreement on the exchange of information between the ECB and the AML/CFT supervisors; recalls its serious concern about regulatory and supervisory fragmentation in the AML/CFT area, which has failed to provide adequate oversight and responses to national supervisory authorities’ deficiencies, and is ill-suited to supervise the increasing cross-border activity in the EU; calls on the Commission to start working on the overhaul ofidentifying shortcomings in the EU AML framework, and legislation to effectively address the risks posed by cross-border illegal activityto provide clarity on the division of responsibilities and coordination of cross-border supervision, with legislative measures if necessary; reiterates the importance of a robust and coherent AML/CFT framework to the integrity of the EU financial system and the security of EU citizens;
2019/12/18
Committee: ECON
Amendment 218 #

2019/2130(INI)

Motion for a resolution
Paragraph 16
16. Recalls its resthe evolution of 8 June 2011 on credit rating agencies: future perspectives; notes that the creation of a European credit rating agency would contribute to increasing competition, reducing information asymmetries and increasing transparency for marketthe EU framework for credit rating agencies; notes that sustainability ratings based on environmental, social and governance (ESG) criteria are an important complement to the credit risk assessments provided by credit ratings in channelling funds towards investments in sustainable activities; stresses the importance of ensuring that the development of a market for the provision of sustainability ratings is competitive and not concentrated with a limited number of providers;
2019/12/18
Committee: ECON
Amendment 223 #

2019/2130(INI)

Motion for a resolution
Paragraph 17 b (new)
17 b. Notes the recent findings of the EBA highlighting remaining impediments to the cross-border provision of banking services; highlights the benefits of increased cross-border activity to market competition and the provision of services to consumers; calls on the Commission to identify and address aspects of the Single Rulebook which could be harmonised further, as well as divergent implementation of the rules across Member States; recommends that the Commission explores aspects of national insolvency regimes which could be harmonised;
2019/12/18
Committee: ECON
Amendment 230 #

2019/2130(INI)

Motion for a resolution
Paragraph 18
18. Welcomes the fact that the Single Resolution Board has not been required to take resolution action in 2019; urges the Commission to review whether the legislation isand the 2013 Banking Communication on State aid are adequate to ensure that all banks could, if needed, be resolved without the need for taxpayers’ money; invites the Commission to follow up on the Financial Stability Board review of the ‘too big to fail’ legislation and consider if legislation to separate deposit-taking and investment banking should once again be considered;
2019/12/18
Committee: ECON
Amendment 245 #

2019/2130(INI)

Motion for a resolution
Paragraph 20
20. Urges the operationalisationNotes the progress made by the Eurogroup in reaching an agreement on the legal framework for the common backstop to the SRF; regrets, however, its decision to postpone the final decision on the introduction of the common backstop; recalls the importance of the common backstop to the SRFas an important tool for the SRM; urges the operationalisation of the backstop as soon as practicable;
2019/12/18
Committee: ECON
Amendment 65 #

2019/2110(INI)

Motion for a resolution
Paragraph 4
4. Recognises that the average level of debt-to-GDP is projected to decline; notes, however, that the average level still remains significantly above the level required by the Stability and Growth Pact; points out the possibility of rising debt service costs;urges that tools such as rising debt service costs must be deployed in order to bring down debt levels underlines, therefore, the importance and obligation of bringing down overall debt levels, in line with EU fiscal rules;
2019/09/19
Committee: ECON
Amendment 99 #

2019/2110(INI)

Motion for a resolution
Paragraph 7
7. Underlines that the fiscal stances at national and euro area level must balance the long-term sustainability of public finances in full compliance with the Stability and Growth Pact, respecting its provisions made for flexibility, with short- term macroeconomic stabilisation;
2019/09/19
Committee: ECON
Amendment 256 #

2019/2110(INI)

Motion for a resolution
Paragraph 18
18. Reminds Member States of the importance of committing to and delivering on the CSRs; stresses that CSRs should be legally binding as they are formally adopted by elected governments;
2019/09/19
Committee: ECON
Amendment 2 #

2019/2028(BUD)

Draft opinion
Paragraph 1
1. Takes note of the draft budget proposed by the Commission in the field of transport; regrets the indiscriminate cuts demanded by the Council; insists on an ambitious budget for the EU transport sector, which takes into consideration emerging challenges and current political priorities related to the EU transport policy;
2068/01/03
Committee: TRAN
Amendment 5 #

2019/2028(BUD)

Draft opinion
Paragraph 2
2. Believes the time is ripe for a more fundamental reshaping of EU transport financing with a view to establishing a net zero-emission transport sector by 2050 and guarantee full alignment with the Paris Agreement; stresses thus that a high level of funding, result-oriented and efficient use of funds in the Horizon 2020 transport portfolio, programmes and joint undertakings delivering these objectives are of utmost importance; highlights the importance of projects and programmes in the fields of decarbonisation and digitalisation, requests an adequate funding and asks for their prioritisation; urges the Commission to promote digitalisation in logistics;
2068/01/03
Committee: TRAN
Amendment 12 #

2019/2028(BUD)

Draft opinion
Paragraph 3
3. Insists that the EU transport policy is essential for economic, social and environmental sustainability and therefore priority should be given to the quality and sustainability of projects rather than their quantity or size; stresses that the EU transport policy needs an adequate and sufficient funding in order to secure growth, jobs and competitiveness in Europe, more investments in research and innovation, social and territorial cohesion;
2068/01/03
Committee: TRAN
Amendment 21 #

2019/2028(BUD)

Draft opinion
Paragraph 4
4. Reiterates that the provisional agreement on the regulation setting up the Invest EU Programme1 contains a general provision - applicable to all transport related financing - ensuring that "ProjectOperations that are inconsistent with the achievement of the climate objectives shallould not be eligible for support" and that all projects "shall be screened"Investment projects receiving substantial Union support, notably in the area of infrastructure should be screened by the implementing partner to determine if they have an environmental, climate or social impact and if so, shallould be subject to climate, environmental and social sustainability proofing"sustainability proofing (...)"; recalls that Invest EU Fund should support investments contributing to greater economic, territorial and social cohesion in the Union and that, in order to maximise the impact and the added value of EU financing support, it is appropriate to maximise “synergies across relevant Union programmes in areas such as transport, energy and digitalisation”; _________________ 1 European Parliament legislative resolution of 18 April 2019 on the proposal for a regulation of the European Parliament and of the Council establishing the InvestEU Programme (COM(2018)0439 – C8-0257/2018 – 2018/0229(COD)).
2068/01/03
Committee: TRAN
Amendment 25 #

2019/2028(BUD)

Draft opinion
Paragraph 5
5. Stresses that beyond its key role in implementing the European Fund for Strategic Investments (EFSI) and InvestEU, it is vital that the revision of the European Investment Bank’s (EIB) transport policy due in 2020 paves the way for more fundamental overhaul of the Bank’s transport financing; calls on the EIB to report on all steps of its transport policy revision to Parliament in a timely manner;recalls that the EIB has provided approximately €140 billion in loans for transport projects in the 2007-2018 period, of which around 80% relate to road infrastructure [1]; calls on the EIB to report on all steps of its transport policy revision to Parliament in a timely manner; [1] European Court of Auditors - Audit preview“ Roads connecting European regions” p.9 - https://www.eca.europa.eu/Lists/ECADoc uments/AP19_08/AP_CONNECTING_R OADS_EN.pdf
2068/01/03
Committee: TRAN
Amendment 28 #

2019/2028(BUD)

Draft opinion
Paragraph 6
6. Believes that the Connecting Europe Facility (CEF) spending in the field of transport can be improved by increasing further the share of funding for zero emission transport modes; recalls that the CEF is an extremely important and vital financial instrument in the transport sector and the short and long term planning of spending should take into consideration a result-oriented approach and seek for and EU added value, especially regarding the development and completion of the TEN-T core and comprehensive networks; welcomes the approach of the Commission to co-finance the re-establishment of regional cross- border rail connections that were dismantled or abandoned and encourages the Members States, cross-border regions and the Commission to further intensify these bottom-up projects that contribute to reopening borders in the EU where they still exist; calls on the Commission to significantly increase the reserved amount within the CEF budget line for financing for the re-establishment of regional missing rail links that were dismantled or abandoned; calls on the Commission to take into account the still large divergences in terms of transport infrastructure across the EU; further electrification of railway infrastructure must be intensified and a quicker roll out of the European Rail Traffic Management System (ERTMS) is required; the CEF budget should also take account of rail freight noise abatement measures in order to ensure a sustainable and efficient freight transport system;
2068/01/03
Committee: TRAN
Amendment 39 #

2019/2028(BUD)

Draft opinion
Paragraph 7
7. Encourages the Commission to promote the revitalisation of comfortable European night trains as a possible and sustainable alternative to short-distance flights and long-distance car travelling;
2068/01/03
Committee: TRAN
Amendment 40 #

2019/2028(BUD)

Draft opinion
Paragraph 8
8. Calls on the Commission to combineexplore the options of possible combinations of the co-financing of the EuroVelo network with the comprehensive rail network;
2068/01/03
Committee: TRAN
Amendment 56 #

2019/2028(BUD)

Draft opinion
Paragraph 11
11. Calls for a more transparent funding landscape and more transparent project assessments, with particular attention paid to the participation of citizens, civil society and NGOs in transparent decision-making and monitoring the development of large projects that have a total investment volume of over EUR 1 billion;
2068/01/03
Committee: TRAN
Amendment 60 #

2019/2028(BUD)

Draft opinion
Paragraph 12
12. Recalls that public investment in infrastructure is particularly sensitive to corruption; sStresses the importance of guaranteeing a transparent and competitive tendering process for large-scale transport infrastructure projects financed by the EU; insists that contracting authorities and bidders for these large-scale projects must enter into Integrity Pacts under which third parties monitor their compliance with commitments to best practice and transparency; recalls that the Member States have the primary responsibility for setting up a management system, which aims to ensure the effective and efficient delivery of investment projects, and urges the Commission to ensure the necessary administrative and technical support in order to facilitate their implementation;
2068/01/03
Committee: TRAN
Amendment 65 #

2019/2028(BUD)

Draft opinion
Paragraph 13 a (new)
13 a. Calls on the Commission to have a more result-oriented approach, seek for an EU added-value and focus more on the political objectives while defining the criteria for selection of pilot projects and preparatory actions and recalls the importance of their proper implementation;
2068/01/03
Committee: TRAN
Amendment 15 #

2019/0017(COD)

Proposal for a regulation
Recital 4 a (new)
(4a) A holistic approach is needed in order to successfully decarbonise the maritime transport sector. The necessary carbon emission reductions could be achieved by encouraging the further use of alternative fuels, alternative propulsion systems and new measures improving and boosting the energy efficiency of the vessels. In order to attain the most sustainable gains both for the environment as well as for the shipowners and ports, further legislative proposals should take into consideration the different initiatives and shared best practices already undertaken by the sector in light of the principle of technological neutrality.
2020/02/28
Committee: TRAN
Amendment 16 #

2019/0017(COD)

Proposal for a regulation
Recital 5 a (new)
(5a) In its resolution of 14 January 2020 on the European Green Pact (2019/2956), the European Parliament stressed the need for very ambitious EU greenhouse gas reduction targets in the international and European maritime sector and investment for research into maritime transport decarbonisation technology and the development of zero- emission ships;
2020/02/28
Committee: TRAN
Amendment 18 #

2019/0017(COD)

Proposal for a regulation
Recital 6
(6) In April 2015, the European Parliament and the Council adopted Regulation (EU) 2015/757 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport20 (the “EU MRV Regulation”), which was complemented in 2016 with two Delegated Regulations21 and two Implementing Regulations22. The aim of the EU MRV Regulation is to collect data on shipping emissions for further policymaking and to incentivise emission reductions by providing information on ships' efficiency to relevant markets. The EU MRV Regulation obliges companies to monitor, report and verify the fuel consumption, CO2 emissions and energy efficiency of their ships on voyages to and from European Economic Area (EEA) ports on an annual basis, starting from 2018. It also applies to CO2 emissions within EEA ports. The first emissions reports are due by 30 April 2019. EU MRV Regulation was adopted as the first step towards assimilating maritime transport emissions into the EU Emissions Trading System (ETS), in line with EU greenhouse gas reduction commitments. This assimilation process must be based on an impact assessment22a concerning the competitiveness of EU operators and businesses and possible modal shifts, so that the international competitiveness of EU-flagged vessels is guaranteed. Some of the revenue generated by this assimilation process should be invested for research into innovative maritime transport decarbonisation technologies and infrastructures and the deployment of sustainable alternative fuels and zero- emission propulsion technologies. _________________ 20Regulation (EU) 2015/757 of the European Parliament and the Council of 29 April 2015 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport and amending Directive 2009/16/EC, (OJ L 123, 19.5.2015, p. 55). 21 Commission Delegated Regulation (EU) 2016/2072 on the verification activities and accreditation of verifiers pursuant to Regulation (EU) 2015/757 of the European Parliament and of the Council on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport (OJ L 320, 26.11.2016, p. 5); Commission Delegated Regulation (EU) 2016/2071 of 22 September 2016 amending Regulation (EU) 2015/757 of the European Parliament and of the Council as regards the methods for monitoring carbon dioxide emissions and the rules for monitoring other relevant information (OJ L 320, 26.11.2016, p. 1). 22 Commission Implementing Regulation (EU) 2016/1927 of 4 November 2016 on templates for monitoring plans, emissions reports and documents of compliance pursuant to Regulation (EU) 2015/757 of the European Parliament and of the Council on monitoring, reporting and verification of carbon dioxide emissions from maritime transport (OJ L 299, 5.11.2016, p. 1–21); Commission Implementing Regulation (EU) 2016/1928 of 4 November 2016 on determination of cargo carried for categories of ships other than passenger, ro-ro and container ships pursuant to Regulation (EU) 2015/757 of the European Parliament and of the Council on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport (OJ L 299, 5.11.2016, p. 22–25) 22aThe most recent impact assessment, Commission working document (SWD2013-237), dates from 2013 and should be reviewed in the light of recent developments.
2020/02/28
Committee: TRAN
Amendment 28 #

2019/0017(COD)

Proposal for a regulation
Recital 12
(12) Global IMO DCS provisions on data to be monitored and reported annually should be taken into account so as to ensure that streamlined data is collected for ships' activities falling under both systems. In order to do so, the parameter "deadweight tonnage" should be reported but "cargo carried" should remain on a voluntary basisand "cargo carried" parameters should be reported. "Time at sea" should be replaced by the global IMO DCS definition of “hours underway". Finally, calculation of “distance travelled” should be based on global IMO DCS25 to reduce administrative burden. _________________ 25 IMO Resolution MEPC 282 (70).
2020/02/28
Committee: TRAN
Amendment 12 #

2018/2545(RSP)


Recital C
C. whereas the SME definition is referred to in approximately 100 EU legal acts, primarily in the areas of competition policy, financial market legislation and structural, research and innovation funds, but also environmental, energy, consumer protection and social security legislation, for example in the REACH secondary legislation and the Energy Efficiency Directive;
2018/04/13
Committee: ITRE
Amendment 42 #

2018/2545(RSP)


Paragraph 4
4. Urges the Commission to at leaststudy the merits of updateing the SME definition to take account of the rise in inflation and labour productivity since 2003; strongly supports an adjustment beyond the index-linking of inflation and labour productivity, in order to take account of future inflation, provide certainty and obviate the need for a rapid further adjustment in the next few years;
2018/04/13
Committee: ITRE
Amendment 55 #

2018/2545(RSP)


Paragraph 5
5. Points out that the employee numbers is not a criterion which can be used to draw up for accurate EU-wide comparisons, asheadcount has become a widely accepted criteria and it remains a valid factor when determining companies resources and need for support measures; acknowledges that labour productivity varies from one Member State to another; welcom and believes, therefore, a shift towards the criteria of turnover and balance sheet totalsat turnover and balance sheet totals are equally important criteria's in the definition;
2018/04/13
Committee: ITRE
Amendment 68 #

2018/2545(RSP)


Paragraph 6 a (new)
6a. Believes that any future adjustments to the SME definition should be done in a manner that ensures the long term stability of the definition;
2018/04/13
Committee: ITRE
Amendment 78 #

2018/2545(RSP)


Paragraph 7
7. Welcomes the Commission’s start- up and scale-up initiative; views the promotion of entrepreneurship as important for economic growth in the EU; calls on the Commission to introduce a two-year transitional period during which enterprisfor example high-growth companies which no longer qualify for SME status would retain that status;
2018/04/13
Committee: ITRE
Amendment 102 #

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 3000 peopleAcknowledges the vital contribution that MidCaps (enterprises that have outgrown the SME definition but still have typically medium-sized structures) make to employment and growth by virtue of their productivity; believes that MidCaps do not receive enough attention from policy-makers; calls, therefore, for the Commission to study the merits of establishing a separate definition for MidCaps;
2018/04/13
Committee: ITRE
Amendment 111 #

2018/2545(RSP)


Paragraph 10
10. Calls on the Commission, in addition to the priority EUizing measures for EU SMEs, to launch a MidCaps-oriented initiativeexplore launching an initiative aimed at growth-oriented MidCaps 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 130 #

2018/2545(RSP)


Paragraph 11
11. Takes the view that future SME categorisation should not necessarily be exclusively based on the criteria of employee headcount, annual turnover and balance sheet totals; calls, therefore, for the Commission to analyse the merits of criteria ofsuch as ‘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;
2018/04/13
Committee: ITRE
Amendment 136 #

2018/2545(RSP)


Paragraph 12
12. Calls on the Commission to conduct a comprehensive study into the impact of the SME definition on business development and on possible lock-in- effects, i.e. when enterprises deliberately opt not to expand in order to avoid bureaucratic burdens and other obligations that arise from the loss of their SME status;
2018/04/13
Committee: ITRE
Amendment 145 #

2018/2545(RSP)


Paragraph 13
13. Calls on the Commission to conduct a feasibility study of sector- specific SME definitions 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;deleted
2018/04/13
Committee: ITRE
Amendment 155 #

2018/2545(RSP)


Paragraph 14
14. Calls for anthe SME category testTest which implements the Think Small Principle to be made mandatory for all EU legislative proposals, beyond the Commission’s own undertakings; stresses that the result of this test should be clearly indicated in the impact assessment of all legislative proposals; calls on the Commission to give such an undertaking in the next Interinstitutional Agreement on better law- making;
2018/04/13
Committee: ITRE
Amendment 167 #

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;
2018/12/20
Committee: TAX3
Amendment 279 #

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 302 #

2018/2121(INI)

Motion for a resolution
Paragraph 34
34. Notes that the phenomenon of digitalisation has created a new situation in the market, whereby digital and digitalised companies are able to take advantage ofoperate in local markets without having a physical, and therefore taxable, presence in that market, creating a non-level playing field and putting traditional companies at a disadvantage; no; notes that the Commission states that digital businesses models in the EU face a lower effective average tax burden than traditional business models31 ; points to empirical evidence that finds, however, that the effective tax rate of digital companies at least comparable to that of traditional companies31a _________________ 31 As evidenced in the impact assessment of 21 March 2018 accompanying the digital tax package (SWD(2018)0081), according to which on average, digitalised businesses face an effective tax rate of only 9.5 %, compared to 23.2 % for traditional business models. 31a Copenhagen Economics. "The proposed EU Digital Services Tax", September 2018; Bauer, Dr. Matthias, "Digital Companies and their fair share of taxes: Myths and Misconceptions", ECIPE Occasional Paper 03/2018; Fuest, Dr. Clemens, "Die Besteuerung der Digitalwirtschaft" , August 2018; according to which the effective tax rate of digital companies lies between 20.9% and 29%
2018/12/20
Committee: TAX3
Amendment 314 #

2018/2121(INI)

Motion for a resolution
Paragraph 35
35. Welcomes the digital tax package adopted by the Commission on 21 March 2018; calls on the Council toNotes that the Commission has recognised the need to discuss the concept of a digital tax; calls on the Council to take careful note of the discussion and to actively advance a global solution on G20, OECD and UN-level based on the taxation of profits; swiftly adopt these proposals, taking into account Parliament’s opinion on them;
2018/12/20
Committee: TAX3
Amendment 326 #

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 extent;Refers to the ECONFIN meeting of 4 December2018 during which the proposal to establish a digital services tax was discussed; points out that “at this stage a number of delegations cannot accept the text for political reasons as a matter of principle" 31b ; recalls that work is currently ongoing at the OECD to find a solution to taxing the digital economy that is in line with OECD principles and international law and can be agreed to by the G20 and UN; calls on the Commission presents a proposal to Parliament based on the OECD's proposal for a global solution; _________________ 31b Conclusions of the Economic and Financial Affairs Council, 04.12.2018, https://www.consilium.europa.eu/en/meeti ngs/ecofin/2018/12/04/
2018/12/20
Committee: TAX3
Amendment 392 #

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 456 #

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 463 #

2018/2121(INI)

Motion for a resolution
Paragraph 55
55. Underlines that a high share of foreign direct investment held by special purpose entities exists in several Member States, particularly in Malta, Luxembourg and the Netherlands;41 _________________ 41 Kiendl Kristo I. and Thirion E., op. cit., p.23.deleted
2018/12/20
Committee: TAX3
Amendment 480 #

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;
2018/12/20
Committee: TAX3
Amendment 901 #

2018/2121(INI)

Motion for a resolution
Paragraph 138 a (new)
138 a. Calls on the Commission to closely monitor technological developments, assess technological risks and potential loopholes, support resilience to a cyberattack or a system breakdown, and promote data protection projects; encourages competent authorities and the Commission to develop stress testing for distributed ledger technologies applications;
2018/12/20
Committee: TAX3
Amendment 910 #

2018/2121(INI)

Motion for a resolution
Paragraph 139
139. Stresses that the FATF has recently highlighted the urgent need for all countries to take coordinated action to prevent the use of virtual assetcurrencies for crime and terrorism, urging all jurisdictions to take legal and practical steps to prevent the misuse of virtual assets73currencies1a ; reiterates its call for an urgent assessment by the Commission of the implications for money laundering and tax crimes involving e- gaming activities; _________________ 73 FATF, Regulation of virtual assets, 19 October 2018http://www.fatf- gafi.org/publications/fatfrecommendations/ documents/regulation-virtual-assets.html
2018/12/20
Committee: TAX3
Amendment 921 #

2018/2121(INI)

Motion for a resolution
Paragraph 140 a (new)
140 a. Notes that virtual currencies are used by retail investors as substitutes for other assets and that, unlike other financial instruments, virtual currencies are largely unregulated at present;
2018/12/20
Committee: TAX3
Amendment 944 #

2018/2121(INI)

Motion for a resolution
Paragraph 147
147. Is worried about the accelerating corporate tax race to the bottom worldwide in terms of nominal tax rate76 77 _________________ 76 The average corporate income tax rate across the OECD dropped from 32.5 % in 2000 to 23.9 % in 2018. Overall, 22 of the 38 countries surveyed in the latest tax policy reform 2018 report from the OECD now have combined statutory corporate income tax rates equal to or below 25 %, compared with only six in 2000. Source: OECD and Selected Partner Economies, Tax Policy Reforms 2018. 77 It is also worth noting that the EU 28 are already well below this level, with an average corporate income tax rate in 2018 of 21.9 %, down from 32 % in 2000, according to the Commission: Taxation Trends in the European Union - Data for the EU Member States, Iceland and Norward, 2018 Edition (page 36) and Taxation Trends in the European Union - Data for the EU Member States, Iceland and Norward, 2015 Edition (page 147).deleted ;
2018/12/20
Committee: TAX3
Amendment 1100 #

2018/2121(INI)

Motion for a resolution
Paragraph 171
171. Notes that some experts consider that many tax treaties concluded by EU Member States currently in force restrict the tax rights of low and lower-middle income countries82 ; underlines that it is the prerogative of Member States to conclude tax treaties; _________________ 82 Action Aid, Mistreated Tax Treaties Report, February 2016:
2018/12/20
Committee: TAX3
Amendment 1255 #

2018/2121(INI)

Motion for a resolution
Paragraph 204
204. Reiterates its call on the Commission to use, if appropriate, the procedure laid down in Article 116 TFEU which makes it possible to change the unanimity requirement in cases where the Commission finds that a difference between the provisions laid down by law, regulation or administrative action in Member States is distorting the conditions of competition in the internal market;
2018/12/20
Committee: TAX3
Amendment 1261 #

2018/2121(INI)

Motion for a resolution
Paragraph 205
205. Welcomes the Commission’s intention to propose qualified majority voting for specific and pressing tax policy issues where vital legislative files and initiatives aimed at combating tax fraud, tax evasion, aggressive tax planning or financial crimes have been blocked in the Council to the detriment of Member States;deleted
2018/12/20
Committee: TAX3
Amendment 1274 #

2018/2121(INI)

Motion for a resolution
Paragraph 206
206. Stresses that all scenarios should be envisaged and not only shifting from unanimity to qualified majority voting through a passerelle clause; calls on the Commission to issue its proposal before the end of its current mandate, early 2019;deleted
2018/12/20
Committee: TAX3
Amendment 61 #

2018/2119(INI)

E. whereas according to the Commission forecast, ten Member States are expected to have debt-to-GDP ratios of more than 60 % in 2019; whereas the government debt can be affected both by contingent and implicit liabilities;
2019/01/22
Committee: ECON
Amendment 65 #

2018/2119(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas the long-term sustainability of public finances of EU Member States is a matter of concern for intergenerational fairness
2019/01/22
Committee: ECON
Amendment 74 #

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, as Europe’s population continues to age significantly; underlines the need to reform the pension systems in the Member States to ensure long term sustainability;
2019/01/22
Committee: ECON
Amendment 81 #

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, intergenerational fairness and, in so doing, the future of our welfare states;
2019/01/22
Committee: ECON
Amendment 98 #

2018/2119(INI)

Motion for a resolution
Paragraph 4 a (new)
4a. Regrets that the Commission puts too little emphasis on the growth potential of the EU Single Market in the Annual Growth Survey 2019; calls on the Commission to put the completion of the Single Market on top of its agenda again;
2019/01/22
Committee: ECON
Amendment 116 #

2018/2119(INI)

Motion for a resolution
Paragraph 5
5. Notes that a higher proportion of elderly people entails higher healthcare, old-age care and pension spending; notes, moreover, that in an ageing society the proportion of working-age people is falling in relation to the proportion of elderly people, meaning that there are fewer working-age contributors per elderly person; highlights that this places a massive burden on public finances, threatening their sustainability; calls on the Commission to broaden its debt sustainability analysis of Member States by including contingent, implicit and other off-budget obligations, and make them public
2019/01/22
Committee: ECON
Amendment 130 #

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; believes that reducing the tax burden for low and middle incomes will increase demand and boost growth;
2019/01/22
Committee: ECON
Amendment 140 #

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; is concerned that some Member States’ governments’ lack of commitment to EU fiscal rules may undermine the trust of financial markets leading to higher refinancing costs and thereby increasing the financial burden for their citizens;
2019/01/22
Committee: ECON
Amendment 147 #

2018/2119(INI)

Motion for a resolution
Paragraph 9
9. Urges Member States to build fiscal buffers for future generations; calls for improvements to thethe full enforcement of the Stability and Growth Pact (SGP), with a focus on debt reduction; recalls the importance of credible fiscal rules for regaining trust of financial markets, which is fundamental to attract investment;
2019/01/22
Committee: ECON
Amendment 161 #

2018/2119(INI)

Motion for a resolution
Paragraph 10
10. Welcomes the European Fiscal Board’s proposal for a radical simplification of the budgetary rules to overcome the weaknesses offurther improve the current EU fiscal framework; stresses that flexibility, as built into the SGP rules, shouldallows Member States to strike a good balance between the objective of ensuring prudent and responsible fiscal policy and allowing for productive investments;
2019/01/22
Committee: ECON
Amendment 174 #

2018/2119(INI)

Motion for a resolution
Paragraph 12
12. Stresses the importanceurgent need of reviewforming national public pension schemes, largely financed on a pay-as-you- go basis, in order to reduce their budgetary burden and making them long term sustainable;
2019/01/22
Committee: ECON
Amendment 189 #

2018/2119(INI)

Motion for a resolution
Paragraph 14
14. Calls for a tax shift away from the high tax burden on labour to consumption in Europe;
2019/01/22
Committee: ECON
Amendment 196 #

2018/2119(INI)

Motion for a resolution
Paragraph 15
15. Underlines that digitalisation, globalisation and technological change are radically transforming our labour markets, leading to great growth potential as well as to significant restructuring challenges;
2019/01/22
Committee: ECON
Amendment 228 #

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 further risk reduction in the banking sector followed by 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 296 #

2018/2119(INI)

Motion for a resolution
Paragraph 25
25. Highlights the urgent need for a fully-fledged capital markets union, as in order to facilitate cross-border investments and access to financing for EU companies, as well as ensuring that financial markets could provide for further private risk-sharing and risk-reduction mechanisms;
2019/01/22
Committee: ECON
Amendment 305 #

2018/2119(INI)

Motion for a resolution
Paragraph 26
26. Recalls that the degree of implementation of the country-specific recommendations is too low; believes that the focus of the European Semester should be on national ownership; urges national and regional parliaments to debate country reports and country-specific recommendations; believes that national parliaments should invite the responsible Commissioner for a hearing in their national parliament on the CSRs; stresses that CSRs should be legally binding as they are formally adopted by elected governments;
2019/01/22
Committee: ECON
Amendment 36 #

2018/2089(INI)

Draft opinion
Paragraph 1 a (new)
1 a. Highlights the importance of working towards the removal of legal barriers to the testing and deployment of connected and automated vehicles. Member States should offer sufficient flexibility to accommodate innovation and pilots;
2018/09/26
Committee: ITRE
Amendment 47 #

2018/2089(INI)

Draft opinion
Paragraph 2
2. Declares that all data transfers between the in-vehicle system, the manufacturer’s central server, other vehicles and road infrastructure must be protected from unauthorised disclosure and manipulation. Space and connectivity technologies can provide the solution here;
2018/09/26
Committee: ITRE
Amendment 62 #

2018/2089(INI)

Draft opinion
Paragraph 3
3. Calls on the Member States to invest in unambiguous road signs, road markings and street furniture and to take this innovation into account in the design, construction and maintenance of infrastructure;
2018/09/26
Committee: ITRE
Amendment 75 #

2018/2089(INI)

Draft opinion
Paragraph 4 a (new)
4 a. Highlights that to give an impulse to the autonomous driving sector, we should talk about stimulation of the funding for research and innovation in this field;
2018/09/26
Committee: ITRE
Amendment 78 #

2018/2089(INI)

Draft opinion
Paragraph 4 b (new)
4 b. Stresses that autonomous driving will change the role of the driver, especially when it comes to training and qualifications. That is why it is important to pay attention to the impact of these upcoming developments;
2018/09/26
Committee: ITRE
Amendment 79 #

2018/2089(INI)

Draft opinion
Paragraph 4 c (new)
4 c. Acknowledges that this does not only offer possibilities for all land based transport, but also for other means of transport such as maritime and air;
2018/09/26
Committee: ITRE
Amendment 80 #

2018/2089(INI)

Draft opinion
Paragraph 4 d (new)
4 d. Emphasizes that platooning is a good combination of both driverless vehicles and tackling the congestion problem;
2018/09/26
Committee: ITRE
Amendment 1 #

2018/2088(INI)

Motion for a resolution
Citation 1 a (new)
– having regard to the European Commission proposal establishing the Digital Europe programme for the period 2021-2027 published on June 6th 2018;
2018/12/07
Committee: ITRE
Amendment 3 #

2018/2088(INI)

Motion for a resolution
Citation 1 b (new)
– having regard to the Council Regulation 2018/1488 of 28 September 2018 establishing the European High Performance Computing Joint Undertaking;
2018/12/07
Committee: ITRE
Amendment 9 #

2018/2088(INI)

Motion for a resolution
Recital A a (new)
Aa. whereas on 25 April 2018 the Commission committed to propose a European approach by developing draft Artificial Intelligence guidelines in cooperation with stakeholders within the AI alliance, a group of artificial intelligence experts, in order to boost AI- powered applications and businesses in Europe;
2018/12/07
Committee: ITRE
Amendment 10 #

2018/2088(INI)

Motion for a resolution
Recital A b (new)
Ab. whereas a coordinated approach at European level is urgently needed to be able to compete against the massive investments made by third countries especially the US and China;
2018/12/07
Committee: ITRE
Amendment 11 #

2018/2088(INI)

Motion for a resolution
Recital B
B. whereas AI and robotics have the potential to reshape multiple industries and lead to greater efficiencies; whereas the availability of large-scale data sets and testing and experimentation facilities are of major importance for the development of artificial intelligence;
2018/12/07
Committee: ITRE
Amendment 15 #

2018/2088(INI)

Motion for a resolution
Recital B a (new)
Ba. whereas the Union computing performance needed to be maintained at a leading level, the Union should provide an opportunity for its supply industry and increase its effectiveness in turning the technology developments into demand- oriented and application-driven leading to their uptake in large-scale and emerging application underpinned by artificial intelligence;
2018/12/07
Committee: ITRE
Amendment 30 #

2018/2088(INI)

Motion for a resolution
Recital D a (new)
Da. whereas commercial artificial intelligence platforms have moved from testing to real applications in health, environment and energy, transport; whereas machine-learning techniques are at the heart of all main web platforms and big data applications.
2018/12/07
Committee: ITRE
Amendment 36 #

2018/2088(INI)

Motion for a resolution
Recital E a (new)
Ea. whereas cybersecurity technologies such as digital identities, cryptography or intrusion detection, and their application in areas such as finance, industry 4.0, energy, transportation, healthcare, or e-government are essential to safeguard the security and trust of online activity and transactions by both citizens, public administrations, and companies;
2018/12/07
Committee: ITRE
Amendment 44 #

2018/2088(INI)

Motion for a resolution
Paragraph 1
1. Stresses that automation will increase productivity derived from artificial intelligence will increase productivity and therefore increase output; n. Notes that, as in previous technological revolutions, some jobs there will be the replaced but new jobs will also be createdment of some jobs but also the creation of new jobs transforming lives and work practices; stresses that growth in Robotics and AI will also reduce human exposure to harmful and hazardous conditions;
2018/12/07
Committee: ITRE
Amendment 66 #

2018/2088(INI)

Motion for a resolution
Paragraph 2
2. Urges Member States and the Commission to focus on retraining workers in the industries most affected by automation; stresses that new education programmes should focus on developing the skills of workers so that they can seize job opportunities within the new jobs created by AI;
2018/12/07
Committee: ITRE
Amendment 89 #

2018/2088(INI)

Motion for a resolution
Paragraph 5
5. Welcomes the ambition of Japan’s Robot Strategy to have 4 out of 5 patients opt for robotic care and calls on the Commission to reciprocate this ambition;deleted
2018/12/07
Committee: ITRE
Amendment 105 #

2018/2088(INI)

Motion for a resolution
Paragraph 6
6. Notes the importance of greater investment in this field in order to remain competitive; recognises that while most of the investment and innovation in this area comes from private sector ventures, Member States and the Commission should also be encouraged to invest in research in this sector and outline their development priorities; considers that the coordination of private- and public-sector investment should be encouraged to ensure that development is focused; calls on the Commission to assess the necessity of setting up a platform that brings together industry, governments and research institutes;
2018/12/07
Committee: ITRE
Amendment 111 #

2018/2088(INI)

Motion for a resolution
Paragraph 6 a (new)
6a. Welcomes the Digital Europe Programme published by the Commission on June 6th 2018;
2018/12/07
Committee: ITRE
Amendment 113 #

2018/2088(INI)

Motion for a resolution
Paragraph 6 b (new)
6b. Stresses that education aspects should be properly addressed; considers in particular the need for digital skills, including coding, to be included in teaching and training from the early school years to life-long learning;
2018/12/07
Committee: ITRE
Amendment 128 #

2018/2088(INI)

Motion for a resolution
Paragraph 8 a (new)
8a. Supports the operational objectives of the DEP to build up and strengthen core artificial intelligence capacities in the Union, to make them accessible to all businesses and public administrations and to reinforce and network existing artificial intelligence testing and experimentation facilities in Member States;
2018/12/07
Committee: ITRE
Amendment 156 #

2018/2088(INI)

Motion for a resolution
Paragraph 9
9. Recalls that the availability of quality data is essential for real competitiveness in the AI industry, and calls for public authorities to ensure ways of producing, sharing and governing data by making data a common good; recalls that advance text and data mining can in particular the quality of the data;
2018/12/07
Committee: ITRE
Amendment 164 #

2018/2088(INI)

Motion for a resolution
Paragraph 9 a (new)
9a. Stresses that a high level of safety, security and privacy of data used for the communication of people with robots and artificial intelligence has to be ensured; therefore calls on the Commission and Member states to integrate the security and privacy by design principles in their policies related to robotics and artificial intelligence;
2018/12/07
Committee: ITRE
Amendment 167 #

2018/2088(INI)

Motion for a resolution
Paragraph 9 b (new)
9b. Stresses that the integration of robotics and AI technology within the economy and the society require digital infrastructure that provides ubiquitous connectivity;
2018/12/07
Committee: ITRE
Amendment 170 #

2018/2088(INI)

Motion for a resolution
Paragraph 9 c (new)
9c. Stresses the importance of targeted measures to ensure that small and medium-sized enterprises and start-ups are able to adopt and benefit from AI technologies; believes that impact assessments of the effects of new EU legislation on the technological development of AI should be mandatory, and that such impact assessments should also be considered at national level;
2018/12/07
Committee: ITRE
Amendment 174 #

2018/2088(INI)

Motion for a resolution
Paragraph 9 d (new)
9d. calls for the swift implementation of the Cybersecurity Act, the development of EU certification schemes should ensure a more resilient development and deployment of safe AI and robotic systems;
2018/12/07
Committee: ITRE
Amendment 175 #

2018/2088(INI)

Motion for a resolution
Paragraph 9 e (new)
9e. In order to foster a regulatory environment favourable to the development of AI and in line with the principle of better regulation, calls on the Commission to regularly re-evaluate the current legislation to ensure it is fit for purpose in respect of AI while respecting EU fundamental values, and seek to amend or substitute new proposals where this is shown not to be the case;
2018/12/07
Committee: ITRE
Amendment 177 #

2018/2088(INI)

Motion for a resolution
Paragraph 9 f (new)
9f. Welcomes the implementation of European Digital Innovation Hubs, providing access to technological expertise and experimentation facilities as well as facilitating access to finance; underlines that European Digital Innovation Hub shall be open to business of all forms and sizes, in particular to SMEs, scale-ups and public administrations across the Union;
2018/12/07
Committee: ITRE
Amendment 208 #

2018/2088(INI)

Motion for a resolution
Paragraph 16
16. Notes that AI and robotics have the abilityWelcomes the ability of AI and robotics to greatly improve our transport links through the introduction of driverless trains and motor vehicles; welcomes greatercalls for more research and investment in this area to ensure its safe and effective development; highlights the tremendous opportunities for both larger tech companies and small and medium size enterprises;
2018/12/07
Committee: ITRE
Amendment 219 #

2018/2088(INI)

Motion for a resolution
Paragraph 18
18. Notes that the prevalence of autonomous vehicles in the future poses risks to data privacy and technical failures and will shift the liability from the driver to the vehicle, requiring insurance companies to shift how they incorporate risk into their underwriting;
2018/12/07
Committee: ITRE
Amendment 239 #

2018/2088(INI)

Motion for a resolution
Paragraph 21
21. Calls for the creation of an ethical charter of best practice for AI and robotics that companies and experts should followBelieves that Artificial intelligences actions and applications shall comply with ethical principles and relevant national, Union and international laws, including the Charter of Fundamental Rights of the European Union and the European Convention of Human Rights and the Protocol thereto; therefore awaits the publication of the recommendations of the High-Level Expert Group on Artificial Intelligence on ethical issues;
2018/12/07
Committee: ITRE
Amendment 262 #

2018/2088(INI)

Motion for a resolution
Paragraph 25
25. Points out that while AIAcknowledges that machine learning algorithms are trained to learn by themselves without breings great programmed, benefits ing to automation and decision- making, it also carries an inherent risk when the algorithms are static and opaque; stresses, in this context, the need for greater transparency of algorithm; calls for AI ethics guidelines to address issues related to algorithmic transparency, accountability and fairness;
2018/12/07
Committee: ITRE
Amendment 309 #

2018/2088(INI)

Motion for a resolution
Paragraph 31
31. Stresses the different models being developed in third countries, concretely in the US, China, Russia and Israel, and highlights the values-based approach used in Europe and the need to work with international partners; rRecognises that this technology does not have any borders and requires cooperation beyond that of the EU Member States alone; however stresses the great need for the Union to build up its own capacities;
2018/12/07
Committee: ITRE
Amendment 315 #

2018/2088(INI)

Motion for a resolution
Paragraph 32
32. Calls on the Commission to work at an international level to ensure maximal consistency between international players but also to allow the EU to better promote its values worldwide;
2018/12/07
Committee: ITRE
Amendment 318 #

2018/2088(INI)

Motion for a resolution
Paragraph 33
33. Welcomes the different strategies developed by the Member States; welcomes the action plan on AI of the Commission published on December 5th 2018; calls for better coordination between the Member States and the Commission;
2018/12/07
Committee: ITRE
Amendment 15 #

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 challenges such as higher oil prices;
2018/07/16
Committee: ECON
Amendment 22 #

2018/2033(INI)

Motion for a resolution
Recital B
B. whereas in 2017 the youth unemployment rate in the euro area was 18.8 %, and was particularly high in Greece (43.6 %), Spain (38.7 %) and Italy (34.8 %);deleted
2018/07/16
Committee: ECON
Amendment 31 #

2018/2033(INI)

Motion for a resolution
Recital C
C. whereas Europe still faces a huge investment deficit, even though it has benefitted from exceptionally low interest rates for years and financing conditions remain very favourable;
2018/07/16
Committee: ECON
Amendment 50 #

2018/2033(INI)

Motion for a resolution
Paragraph 1
1. Takes note of the Commission’s 2018 country-specific recommendations (CSR); is concerned that in the period 2011 - 2017 only 9 % of CSRs have been fully implemented; stresses that in particular the implementation of CSRs targeted to fight corruption and to sustain ageing societies need to be stepped up;
2018/07/16
Committee: ECON
Amendment 54 #

2018/2033(INI)

Motion for a resolution
Paragraph 1 a (new)
1a. Welcomes the return of economic growth in the euro area and the fact that unemployment in the EU has reached its lowest levels since 2008;
2018/07/16
Committee: ECON
Amendment 59 #

2018/2033(INI)

Motion for a resolution
Paragraph 2
2. Reiterates the urgency of carrying on the fight against the inequalities that hamper economic growthto use the current economic good period of carrying out structural reforms to improve competitiveness to create jobs and growth and to make the economy more resilient;
2018/07/16
Committee: ECON
Amendment 65 #

2018/2033(INI)

Motion for a resolution
Paragraph 3
3. Considers that growth-orientated fiscal policies are needed at the European level, alongside an appropriate monetary policy, in order to strengthestructural reforms are needed to strengthen both the European economy and the economies of the Member States; therefore supports the proposal to make part of the allocation of European funds conditional on the European economySemester;
2018/07/16
Committee: ECON
Amendment 83 #

2018/2033(INI)

Motion for a resolution
Paragraph 4
4. Supports flexibility in the implementation of 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 stancein specific cases, which strike the right balance between fiscal responsibility and supporting growth; stresses that Member States need to build up fiscal buffers, particularly in economic good times to improve the resilience of their economies against future shocks with the aim of sustaining jobs and growth;
2018/07/16
Committee: ECON
Amendment 104 #

2018/2033(INI)

Motion for a resolution
Paragraph 5
5. Takes the view that the development of new budgetary tools aimed at stabilisation and convergence in the euro area would be extremely important for the economic governance of the Eurozone in order toproper implementation and enforcement of the existing economic governance framework would avoid, as far as possible, the re- emergence of events already experienced before and during the years of the financial crisis;
2018/07/16
Committee: ECON
Amendment 118 #

2018/2033(INI)

Motion for a resolution
Paragraph 6
6. Recalls the Commission’s commitment to integrate the implementation of the SDGs within the European Semester; regrets the fact that this dimension is missing from the 2018 country-specific recommendations;deleted
2018/07/16
Committee: ECON
Amendment 136 #

2018/2033(INI)

Motion for a resolution
Paragraph 8
8. Insists on bringing expenditure on R&D closer to the EU2020 targets; calls on the Member States to set in place proper policies, and to provide investment to ensure equal access to lifelong education and training;
2018/07/16
Committee: ECON
Amendment 138 #

2018/2033(INI)

Motion for a resolution
Paragraph 9
9. Recalls the importance of efficient regularisk reduction ofin the banking and financial sectors before moving on to further risk sharing, to forestall any new crises;
2018/07/16
Committee: ECON
Amendment 162 #

2018/2033(INI)

Motion for a resolution
Paragraph 10
10. Recalls that the fight against aggressive tax planning strategiestax 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 168 #

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)Calls on Member States to implement the measures agreed upon on both EU and international level;
2018/07/16
Committee: ECON
Amendment 182 #

2018/2033(INI)

Motion for a resolution
Paragraph 12
12. Recalls the need to implement the recommendations of the Panama Papers committee of inquiry;deleted
2018/07/16
Committee: ECON
Amendment 189 #

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 206 #

2018/2033(INI)

Motion for a resolution
Paragraph 14
14. WelcomNotes the Councilmmission’s 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 expansio; believes that the best way to increase purchasing power is by reducing the tax burden; 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 growthneeds to be in line with, productivity growth, notes that there could be room for wage increases in certain sectors and areas;
2018/07/16
Committee: ECON
Amendment 215 #

2018/2033(INI)

Motion for a resolution
Paragraph 14 a (new)
14a. Is concerned by the still very high public debt levels in the Euro area, which hamper job creation and growth, make Member States vulnerable to crisis and are a burden for future generations; stresses that high levels of public and private debt reduce the possibility to invest, which is necessary to create jobs and growth;
2018/07/16
Committee: ECON
Amendment 227 #

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,Stresses that the only way to make the European economy an area of prosperity is to encourage public investment and promote domestic demandstructural reforms to modernise the economy;
2018/07/16
Committee: ECON
Amendment 238 #

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 241 #

2018/2033(INI)

Motion for a resolution
Paragraph 17
17. Insists on the need for the CSR to take due account of the 20 key principles and rightsimplementation of the CSR, which will channel investment into innovation and research and development, to support fair and well- functioning labour markets outlined in the European Pillar of Social Rights, which should serve as a compass for a renewed process of upward convergence towards better working and living conditions in the European Unand address the challenges of an ageing society such as reforming health care and pension system to ensure sustainability of public finances in the interest of all generations;
2018/07/16
Committee: ECON
Amendment 249 #

2018/2033(INI)

Motion for a resolution
Paragraph 18
18. Recalls the need for stronger 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 254 #

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 stability 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 270 #

2018/2033(INI)

Motion for a resolution
Paragraph 20
20. Deeply regrets 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;deleted
2018/07/16
Committee: ECON
Amendment 279 #

2018/2033(INI)

Motion for a resolution
Paragraph 21
21. RegretStrongly welcomes 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 287 #

2018/2033(INI)

Motion for a resolution
Paragraph 22
22. Stresses the key importance of structural funds for the stimulation of public and private investment, taking into account their strong multiplier effect;
2018/07/16
Committee: ECON
Amendment 292 #

2018/2033(INI)

Motion for a resolution
Paragraph 23
23. WarnBelieves 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 inequalitiestriangle of fiscal responsibility, structural reforms and investment enhancing polices are key to create prosperity in the Union;
2018/07/16
Committee: ECON
Amendment 306 #

2018/2033(INI)

Motion for a resolution
Paragraph 24
24. Takes note of 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); requests that the focus of the InvestEU programme be placed on efficient resources and decarbonisation projectsprojects aiming at sustainable growth, and stresses the need to guarantee a more balancedn efficient budget allocation among Member States and regions;
2018/07/16
Committee: ECON
Amendment 316 #

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 accountability, and better use of the available financial resourcimplementation of the existing rules ;
2018/07/16
Committee: ECON
Amendment 324 #

2018/2033(INI)

Motion for a resolution
Paragraph 26
26. Underlines the need to strike the right balance betweenStresses the importance of fiscal responsibility and solidaritytructural reforms; is concerned by the lack of ambition in determining the solidarity instruments needed for the sustainabilityof Member States in living up to what it means to be part of the EMU;
2018/07/16
Committee: ECON
Amendment 23 #

2018/2007(INI)

Motion for a resolution
Citation 32
— having regard to the Bankwatch Network briefing of May 2017European Investment Bank (EIB) 2016 Statistical Report, which foundshows that in 16 EU Member States European Investment Bank (EIB) support for climate actionEIB support for climate action continues to reflect the different market contexts across the EU and did not reach even the level of 20 % in 16 EU Member States in 2016, and that while climate action investment in 2016 was predominantly located in the EU’s stronger economies, with 70 % of European Fund for Strategic Investments (EFSI) support for renewable energy being concentrated in Belgium, while 80 % of energy efficiency investment through the EFSI was allocated to France, Finland and Germany,the EIB financed renewable energy and energy efficiency projects in 18 Member States in 20161a; _________________ 1aEuropean Investment Bank 2016 Statistical Report, 27.04.2017.
2018/03/02
Committee: ECON
Amendment 84 #

2018/2007(INI)

Motion for a resolution
Paragraph 2
2. Stresses that the financial sector as a whole and its core function of allocating capital to benefit society should be governed by the values of equity andprinciple of sustainability; emphasises in that respect the instrumental role of economic, and fiscal and monetary policy in fostering sustainable finance by facilitating capital allocation to decarbonised and resource- efficient economic activities which are able to reduce the current need for future resources and thereby capable of meeting EU sustainability goals; insists that a substantial price for greenhouse gas emissions is a key component of a functioning and efficient environmental and social market economy;
2018/03/02
Committee: ECON
Amendment 106 #

2018/2007(INI)

Motion for a resolution
Paragraph 3 a (new)
3 a. Emphasizes the potential risks to systemic shocks that could develop as a consequence of an abrupt shift in finance to sustainability; calls for the need to work towards a balanced, stable and gradual transition, that enables stakeholders to orientate themselves towards a higher degree of sustainability; emphasizes that sufficient access to capital plays an essential role in this process;
2018/03/02
Committee: ECON
Amendment 286 #

2018/2007(INI)

Motion for a resolution
Paragraph 18
18. Notes that the EIB has a mixed recordis well on track concerning its commitment to the financing onf climate action; insists that the EIB should only agree to future lending that is compatible with a 1.5 °C climate limit;, exceeding its overall target of 25% in 20162a; calls on the EIB to continue supporting through its future lending the transition to a low- carbon and climate-resilient economy that is in line with EU policy objectives; _________________ 2aEIB Group 2016 Sustainability Report, 15.06.2017, p. 24.
2018/03/02
Committee: ECON
Amendment 302 #

2018/2007(INI)

Motion for a resolution
Paragraph 19
19. Calls on the ECB to redesign its purchase programmes in order to rebalance and align its portfolio with an investment policy that is consistent with the Paris Agreement and ESG goals; underlines that such redesign may act as a pilot for establishing a future sustainability taxonomy;deleted
2018/03/02
Committee: ECON
Amendment 95 #

2018/0236(COD)

Proposal for a regulation
Recital 6 a (new)
(6a) Around 10% of the EU’s GDP are enabled by satellite navigation signals while over 200.000 professionals are employed in the EU space sector; it is therefore essential to continue developing the state-of-the-art infrastructure of this sector and thereby stimulate upstream and downstream economic activities;
2018/09/10
Committee: ITRE
Amendment 101 #

2018/0236(COD)

Proposal for a regulation
Recital 8
(8) The Programme shares similar objectives with other Union programmes, notably Horizon Europe, InvestEU Fund, European Defence Fund and Funds under Regulation (EU) [Common Provisions Regulation]. Therefore, cumulative funding from those programmes should be foreseen, provided they do cover the same cost items, in particular through arrangements for complementary funding from Union programmes where management modalities permit - either in sequence, in an alternating way, or through the combination of funds including for the joint funding of actions, allowing, where possible, innovation partnerships and blending operations. During the implementation of the Programme, the Commission should therefore promote synergies with other related Union programmes which would allow, where possible, use of access to risk finance, innovation partnerships, cumulative or blended funding.
2018/09/10
Committee: ITRE
Amendment 110 #

2018/0236(COD)

Proposal for a regulation
Recital 27
(27) As promoter of the Union’s general interest, it falls to the Commission to implement the Programme, assume overall responsibility and promote their use. In order to optimise the resources and competences of the various stakeholders, the Commission should be able to delegate certain tasks. Moreover the Commission is the best placed to determine the main technical and operational specificationrequirements necessary to implement systems and services evolution.
2018/09/10
Committee: ITRE
Amendment 123 #

2018/0236(COD)

Proposal for a regulation
Recital 42 a (new)
(42a) The results of stakeholder consultation indicate that there is room for further advancing international cooperation in the field of space industry and that the Union should enhance its efforts to support European companies to access external markets to be competitive at a global level;
2018/09/10
Committee: ITRE
Amendment 132 #

2018/0236(COD)

Proposal for a regulation
Recital 49 a (new)
(49a) The full potential of Copernicus for the EU society and economy should be entirely unleashed beyond direct beneficiaries by means of an intensification of user uptake measures, which requires further action to render the data usable by non-specialist and thereby stimulate growth, job creation and knowledge transfers;
2018/09/10
Committee: ITRE
Amendment 139 #

2018/0236(COD)

Proposal for a regulation
Recital 57 a (new)
(57a) Copernicus’ Climate Change services, although still in a pre- operational phase are already on good track as the number of users doubled between 2015 and 2016; all Climate Change services should become fully operational as soon as possible and thereby provide the continuous flow of data necessary for effective climate change mitigation and adaptation actions;
2018/09/10
Committee: ITRE
Amendment 140 #

2018/0236(COD)

Proposal for a regulation
Recital 59
(59) To promote and facilitate the use of Earth observation data and technologies both by local and regional authorities, by small and medium-sized enterprises, scientists and researchers, dedicated networks for Copernicus data distribution, including national and regional bodies, should be promoted through user uptake activities. To this end, the Commission and the Member States should strive to establish closer links between Copernicus and Union and national policies in order to drive the demand for commercial applications and services and enable enterprises, particular small and medium- sized enterprises and start-ups, to develop applications based on Copernicus data and information aiming at developing a competitive Earth observation data eco- system in Europe.
2018/09/10
Committee: ITRE
Amendment 177 #

2018/0236(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point c
(c) an autonomous, user-driven, Earth observation system under civil control, offering geo-information data and services based on a free and open data policy, comprising satellites, ground infrastructure, data and information processing facilities, and distribution infrastructure, and fully integrating the needs and requirements of security (‘Copernicus’);
2018/09/10
Committee: ITRE
Amendment 190 #

2018/0236(COD)

Proposal for a regulation
Article 3 – paragraph 2
Additionally, the Programme shall include measures for ensuring efficient access to space for the Programme and for fostering an innovative and competitive space sector.
2018/09/10
Committee: ITRE
Amendment 193 #

2018/0236(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point a
(a) provide, or contribute to the provision of, high-quality and up-to-date and, where appropriate, secure space- related data, information and services without interruption and wherever possible at global level and based on a free and open data policy, meeting existing and future needs and able to meet the Union's political priorities, including as regards climate change mitigation and adaptation, and security and defence;
2018/09/10
Committee: ITRE
Amendment 204 #

2018/0236(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point c
(c) enhance the security of the Union and its Member States, its freedom of action and reinforce its strategic autonomy, in particular in terms of technologies and evidence-based decision- making;
2018/09/10
Committee: ITRE
Amendment 209 #

2018/0236(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point d
(d) promote the role of the Union in the international arena as a leading actor in the space sector, foster the principle of reciprocity at international level and strengthening its role in tackling global challenges and supporting global initiatives, including with regards to climate change and sustainable development.
2018/09/10
Committee: ITRE
Amendment 216 #

2018/0236(COD)

Proposal for a regulation
Article 4 – paragraph 2 – point b
(b) for Copernicus: to deliver accurate user-driven and reliable Earth Observation data and information, based on a free and open data policy, supplied on a long-term basis, to support the implementation and monitoring of the Union and its Member States' policies in the fields of the environment, climate change, agriculture and rural development, civil protection, safety and security, as well as the digital economy;
2018/09/10
Committee: ITRE
Amendment 235 #

2018/0236(COD)

Proposal for a regulation
Article 4 – paragraph 2 – point f
(f) support and reinforce the competitiveness, entrepreneurship, skills and capacity to innovate of legal and natural persons from the Union active or wishing to become active in that sector, with particular regard to the position and needs offoster the development of a strong and competitive Union space economy and maximise opportunities for Union enterprises of all sizes, in particular small and medium- sized enterprises and start-ups., new entrants and start-ups, to develop and provide innovative space systems and services;
2018/09/10
Committee: ITRE
Amendment 245 #

2018/0236(COD)

Proposal for a regulation
Article 5 – paragraph 1 – point b
(b) development activities linked to autonomous, reliable and cost-efficient access to space including alternative launching technologies and innovative systems or services, taking into account the essential security interests of the Union and its Member States, as referred to in Article 25;
2018/09/10
Committee: ITRE
Amendment 258 #

2018/0236(COD)

Proposal for a regulation
Article 6 – title
6 Actions in support of an competitive and innovative Union space sector
2018/09/10
Committee: ITRE
Amendment 347 #

2018/0236(COD)

Proposal for a regulation
Article 27 – paragraph 1 – point a
(a) strict distribution of tasks and responsibilities between the entities involved in the implementation of the Programme, in particular between the Member States, the Commission, the Agency and the European Space Agency, based on each organisations’ competences, improving effectiveness and cost efficiency and avoidance of overlap of activities;
2018/09/10
Committee: ITRE
Amendment 365 #

2018/0236(COD)

Proposal for a regulation
Article 29 – paragraph 2
2. The Commission shall manage the components of the Programme where such management is not entrusted to another entity.
2018/09/10
Committee: ITRE
Amendment 370 #

2018/0236(COD)

Proposal for a regulation
Article 29 – paragraph 4 – subparagraph 1
When necessary for the smooth functioning of the Programme and the smooth provision of the services provided by the Programme's components, the Commission shall, by means of implementing acts, determine the technical and operational specificationrequirements required for the implementation of and evolution of those components and of the services they provide after having consulted users and all the other relevant stakeholders. When determining those technical and operational specifications, the Commission shall avoid reducing the general security level and to meet a backward compatibility imperative.
2018/09/10
Committee: ITRE
Amendment 412 #

2018/0236(COD)

Proposal for a regulation
Article 30 – paragraph 3
3. The Commission may entrust other tasks to the Agency, but, in order to avoid duplication, strictly on the basis of improved efficiency in implementation of the Programme’s objectives, including undertaking communication, promotion, and marketing of data and information activities, as well as other activities related to user uptakes with regard to the Programme's components other than Galileo and EGNOS.
2018/09/10
Committee: ITRE
Amendment 358 #

2018/0225(COD)

Proposal for a decision
Article 3 – paragraph 1 – point 1 – introductory part
(1) Pillar I 'Open and Excellent Science' with the following components:
2018/09/12
Committee: ITRE
Amendment 443 #

2018/0225(COD)

Proposal for a decision
Article 5 – paragraph 1 – point c
(c) selection of expert evaluators, briefing of expert evaluators and evaluation criteria and their weighting; in addition to the standard selection criteria namely "excellence; impact; and quality and efficiency of the implementation", as mentioned in the Regulation under the heading "The rules for participation and dissemination".
2018/09/12
Committee: ITRE
Amendment 743 #

2018/0225(COD)

Proposal for a decision
Annex I – part II – paragraph 6
Clusters will support knowledge creation in all its stages of development, including early stage research activities. Clusters will develop and apply digital, key enabling and emerging technologies as part of a common strategy to promote the EU's industrial leadership. Where appropriate this will use EU space-enabled data and services.
2018/09/12
Committee: ITRE
Amendment 312 #

2018/0224(COD)

Proposal for a regulation
Recital 2 a (new)
(2a) The Programme will contribute to the achievement of an overall 3 % of the EU GDP invested in research and development, in line with the EU2020 headline target. The achievement of the target will require Member States to integrate the Programme with their own investment actions in research, development and innovation.
2018/09/11
Committee: ITRE
Amendment 336 #

2018/0224(COD)

Proposal for a regulation
Recital 7 a (new)
(7a) Whereas the European Union acknowledges that excellent research, and especially basic research is an essential asset and an important condition to address EU policy objectives and priorities, including competitiveness, to economic and societal innovation and to tackle global challenges.
2018/09/11
Committee: ITRE
Amendment 353 #

2018/0224(COD)

Proposal for a regulation
Recital 9
(9) Research activities carried out under the pillar 'Open and Excellent Science' should be determined according to the needs and opportunities of science. The research agenda should be set in close liaison with the scientific community. Research should be funded on the basis of excellence.
2018/09/11
Committee: ITRE
Amendment 431 #

2018/0224(COD)

Proposal for a regulation
Recital 21
(21) The EIC through its instruments – Pathfinder and Accelerator – should aim at new ideas towards radically new future technologies, at identifying, developing and deploying breakthrough research and market creating innovations and supporting their rapid scale-up to EU and international levels. Through coherent and streamlined support to breakthrough innovation the EIC should fill the current vacuum in public support and private investment for breakthrough innovation. The instruments of the EIC call for dedicated legal and management features in order to reflect its objectives, in particular market deployment activities.
2018/09/11
Committee: ITRE
Amendment 507 #

2018/0224(COD)

Proposal for a regulation
Recital 50
(50) Rules governing the exploitation and dissemination of results should be laid down to ensure that beneficiaries protect, exploit, disseminate and provide access to those results as appropriate, taking into account the constraints and legitimate interests beneficiaries might have, such as data protection rules, privacy and security rules, intellectual property rights, confidentiality clauses, or the EU's global economic competitiveness.. More emphasis should be given to exploiting the results, in particular in the Union. Beneficiaries should update their plans regarding the exploitation and dissemination of their results during and after the end of the action.
2018/09/11
Committee: ITRE
Amendment 557 #

2018/0224(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 18
(18) “results” means any tangible or intangible effect of the action, such as data, deepening and broadening of the knowledge base, better understanding, know-how or information, whatever its form or nature, whether or not it can be protected, as well as any rights attached to it, including intellectual property rights;
2018/09/11
Committee: ITRE
Amendment 578 #

2018/0224(COD)

Proposal for a regulation
Article 3 – paragraph 1
1. The Programme’s general objective is to deliver scientific, economic and societal impact from the Union’s investments in research and innovation so as to strengthen the scientific and technological bases of the Union and foster its competitiveness, including in its industry, deliver on the Union strategic priorities, and contribute to tackling global challenges, including the Sustainable Development Goals, as well as contribute to the achievement of an overall 3% of the EU GDP invested in research and development, in line with the EU2020 headline target.
2018/09/11
Committee: ITRE
Amendment 598 #

2018/0224(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point a
(a) to promote scientific excellence, support the creation and diffusion of high- quality new knowledge, skills, technologies and solutions to, tackling global challenges, and strengthen the European knowledge base;
2018/09/11
Committee: ITRE
Amendment 607 #

2018/0224(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point a a (new)
(aa) Subject to the conditions established in the implementing agreements, decisions or contracts, any data, knowledge and information communicated as confidential in the framework of an action shall be kept confidential, taking due account of Union law regarding the protection of and access to classified information.
2018/09/11
Committee: ITRE
Amendment 627 #

2018/0224(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point c
(c) to foster all forms of innovation, both social and economic innovation, including breakthrough innovation, and strengthen market deployment of knowledge and innovative solutions;
2018/09/11
Committee: ITRE
Amendment 661 #

2018/0224(COD)

Proposal for a regulation
Article 4 – paragraph 1 – point 1 – introductory part
(1) Pillar I 'Open and Excellent Science', pursuing the specific objective set out in Article 3(2)(a) and also supporting specific objectives set out in Article 3(2)(b) and (c), with the following components:
2018/09/11
Committee: ITRE
Amendment 785 #

2018/0224(COD)

Proposal for a regulation
Article 6 – paragraph 9 b (new)
9b. All pillars and its respective clusters should provide ample room for basic research in pursuit of its contribution towards a knowledge-based learning society and the related objective set out in Article 3.
2018/09/11
Committee: ITRE
Amendment 816 #

2018/0224(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point b
(b) be bold and inspirational, and hence have wide societal , scientific and/or economic relevance;
2018/09/11
Committee: ITRE
Amendment 830 #

2018/0224(COD)

Proposal for a regulation
Article 7 – paragraph 3 – point d
(d) be centered on ambitious but realistic, excellence-driven research and innovation activities across all stages of development;
2018/09/11
Committee: ITRE
Amendment 883 #

2018/0224(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point c
(c) participation in and financial contribution to research and innovation programmes undertaken by several Member States in accordance with Article 185 TFEU, or by bodies established pursuant to Article 187 TFEU, such as Joint Undertakings, or by the EIT Knowledge and Innovation Communities in compliance with the [EIT Regulation] (Institutionalised European Partnerships), to be implemented only where other forms of European Partnerships would not achieve the objectives or would not generate the necessary expected impacts, and if justified by a long-term perspective and high degree of integration including central management of all financial contributions.
2018/09/11
Committee: ITRE
Amendment 1067 #

2018/0224(COD)

Proposal for a regulation
Article 9 – paragraph 3
3. In order to respond to unforeseen situations or to new developments and needs, the Commission may, within the annual budgetary procedure, deviate from the amounts referred to in paragraph 2 up to a maximum of 10%. No suchnegative deviation shall be allowed in respect of the amounts referred to in points (a) (b) (6) of paragraph 2 of this Article and the total amount set out for Part 'Strengthening the European Research Area' of paragraph 2 of this Article.
2018/09/11
Committee: ITRE
Amendment 1088 #

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. Increased synergies and a coherence throughout the EU funding instruments should prevent an increase in complexity for the beneficiaries and applicants.
2018/09/11
Committee: ITRE
Amendment 1107 #

2018/0224(COD)

Proposal for a regulation
Article 10 – paragraph 3
3. Open science practices beyond open access to research output^data and scientific publications and responsible management of research data shall be promoted.
2018/09/11
Committee: ITRE
Amendment 1113 #

2018/0224(COD)

Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 1
may receive support from the European Regional Development Fund, the Cohesion Fund, the European Social Fund+ or the European Agricultural Fund for Rural Development, in accordance with paragraph 5 of Article [67] of Regulation (EU) XX [Common Provisions Regulation] and Article [8] or Regulation (EU) XX [Financing, management and monitoring of the Common Agricultural Policy], provided that such actions are consistent with the objectives of the programme concerned. The rules of the Fund providing support shall apply. , and without the requirement to participate in a different application and evaluation procedure.. The rules of the Horizon Europe programme shall apply. the European Commission shall establish a mechanism that enhances the exchange of information and that enables financing authorities to fund proposals eligible for such support.
2018/09/11
Committee: ITRE
Amendment 1216 #

2018/0224(COD)

Proposal for a regulation
Article 20 – paragraph 5
5. The work programme shall specify calls for which "Seals of Excellence" will be awarded. With prior authorisation from the applicant, information concerning the application and the evaluation mayshall be shared with interested financing authorities, subject to the conclusion of confidentiality agreements, through a common information exchange system, according to Article 11.
2018/09/11
Committee: ITRE
Amendment 1313 #

2018/0224(COD)

Proposal for a regulation
Article 29 – paragraph 3
3. The action may also be terminated where expected resultthe milestones have lost their relevance for the Union due to scientific, technological or economic reasons, including in the case of EIC and missions, their relevance as part of a portfolio of actions.
2018/09/11
Committee: ITRE
Amendment 1321 #

2018/0224(COD)

Proposal for a regulation
Article 31 – paragraph 1 – subparagraph 2
Where appropriate, indirect costs included in unit costs or lump sums shall be calculatedstead of using the flat rate set out in paragraph 1, except forindirect costs can be determined by unit costs for internally invoiced goods and services which shall be calculated on the basis of actual costs, in accordance with the beneficiaries' usual costs accounting practices.
2018/09/11
Committee: ITRE
Amendment 1339 #

2018/0224(COD)

Proposal for a regulation
Article 32 a (new)
Article 32a Acceptance of the beneficiaries' usual cost accounting practices 1. According to Article 185 of the Financial Regulation a beneficiary may request an authorisation to use its methodology to calculate costs. 2. National authorities that accepted a national methodology to calculate costs under comparable funding schemes according to Article 185 (3) of the Financial Regulation may request an authorisation to use this accepted national system. The decision shall apply to all beneficiaries entitled by the national authorities to use this methodology. 3. The authorisation decision shall take account of the eligibility of costs as specified in Article 186 (3) of the Financial Regulation. 4. The authorisation decision referred to in paragraphs 1 and 2 shall be applicable for the duration of the Horizon Europe programme.
2018/09/11
Committee: ITRE
Amendment 1371 #

2018/0224(COD)

Proposal for a regulation
Article 35 – paragraph 6 – subparagraph 2
The beneficiaries shall further develop the plan during and after the end of the action.
2018/09/11
Committee: ITRE
Amendment 1760 #

2018/0224(COD)

Proposal for a regulation
Annex V – subheading 4 a (new)
Climate impact - pathway to reaching climate objective To stay on track with the climate expenditure target and to stay in line with the agreements made under the Paris Agreement, the Commission has to regularly monitor the Programme and take appropriate measures if the assessment shows that the target is not met. This monitoring process should be done every 2 years in line with the Strategic Planning Process.
2018/09/12
Committee: ITRE
Amendment 105 #

2018/0213(COD)

Proposal for a regulation
Recital 19
(19) With regard to the reform delivery tool, it is necessary to identify the types of reforms that should be eligible for financial support. To ensure their contribution to the objectives of the Programme, the eligible reforms should be those addressing the challenges identified in the context of the European Semester of economic policy coordination, including those proposed to address the country- specific recommendations.
2019/01/16
Committee: BUDGECON
Amendment 113 #

2018/0213(COD)

Proposal for a regulation
Recital 19 a (new)
(19a) In order to guarantee respect for Union values, Member States who are subject to an ongoing procedure pursuant to article 7 paragraph 1 or 2 of the Treaty on European Union should not be eligible for financial support under this Programme.
2019/01/16
Committee: BUDGECON
Amendment 138 #

2018/0213(COD)

Proposal for a regulation
Recital 24
(24) The Commission should assess the nature and the importance of the reform commitments proposed by the Member States and should determine the amount to be allocated on the basis of transparent criteria. To that effect, it should take into account the substantive elements provided by the Member States and assess whether the reform commitments proposed by the Member States are expected to effectively address challenges identified in the context of the European Semester, whether they represent a comprehensive reform package, whether they are expected to strengthen the performance and resilience of the national economy and, whether their implementation is expected to have a lasting impact in the Member State where relevant by strengthening the institutional and administrative capacity of the Member State concerned, whether they are not merely a restauration of a deterioration in the previous five years and whether they are reforms that would not have been implemented if it was not supported by a financial contribution under this programme. In addition, the Commission should assess whether the internal arrangements proposed by the Member States, including the proposed milestones and targets, and the related indicators, are expected to ensure effective implementation of the reform commitments during a maximum period of three years.
2019/01/16
Committee: BUDGECON
Amendment 151 #

2018/0213(COD)

Proposal for a regulation
Recital 27
(27) For the purpose of simplification, tThe determination of the financial contribution should follow simple criteria. The financial contribution should be the total maximum indicative amountrelated to the nature and importance of the reform if the reform commitments proposed by the Member State fully meet the criteria for assessment, and should be half the maximum indicativeof this amount if the reform commitments proposed by the Member State meet those criteria only in a satisfactory manner. No financial contribution should be awarded to the Member State if the proposal for reform commitments does not satisfactorily address the assessment criteria.
2019/01/16
Committee: BUDGECON
Amendment 170 #

2018/0213(COD)

Proposal for a regulation
Recital 44
(44) An independent mid-term evaluation, looking at the achievement of the objectives of the Programme, the efficiency of the use of its resources and its added value should be carried out. An independent ex-post evaluation should, in addition, deal with the long-term impact of the Programme and with moral hazard that might be caused by the Programme. The possibility of extending the conditionality on the implementation of structural reforms to other parts of the European budget should be studied and assessed.
2019/01/16
Committee: BUDGECON
Amendment 273 #

2018/0213(COD)

Proposal for a regulation
Article 8 – paragraph 1 a (new)
Member States who are subject to an ongoing procedure pursuant to article 7 paragraph 1 or 2 of the Treaty on European Union shall not be eligible for financial support under this Programme.
2019/01/22
Committee: BUDGECON
Amendment 318 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 1 – indent 1
– in the country-specific recommendations and in other relevant European Semester documents officially adopted by the Commission; or
2019/01/22
Committee: BUDGECON
Amendment 335 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 4 a (new)
() are not merely a restoration of a deterioration in the previous five years;
2019/01/22
Committee: BUDGECON
Amendment 336 #

2018/0213(COD)

Proposal for a regulation
Article 11 – paragraph 7 – point a – point 4 b (new)
() are reforms that would not have been implemented without financial support under this Programme;
2019/01/22
Committee: BUDGECON
Amendment 345 #

2018/0213(COD)

Proposal for a regulation
Article 12 – paragraph 2 – point a
(a) where the proposal for reform commitments submitted by the Member State concerned complies fully with the criteria set out in Article 11(7), the reform commitments shall be considered to be "major", and thea financial contribution, related to the nature and importance of the reform and total amount of the maximum financial contribution referred to in Article 9 shall be allocated to the Member State concerned;
2019/01/22
Committee: BUDGECON
Amendment 346 #

2018/0213(COD)

Proposal for a regulation
Article 12 – paragraph 2 – point b
(b) where the proposal for reform commitments by the Member State concerned complies satisfactorily with the criteria set out in Article 11(7), the reform commitments shall be considered to be "significant", and half of the maximum financial contribution referred to in Article 9point a shall be allocated to the Member State concerned; and
2019/01/22
Committee: BUDGECON
Amendment 348 #

2018/0213(COD)

Proposal for a regulation
Article 12 – paragraph 3 – subparagraph 1
The decision referred to in paragraph 1 shall lay down the financial contribution to be paid in one instalment once the Member State has satisfactorily implemented all the milestones and targets identified in relation to the implementation of each reform commitment.
2019/01/22
Committee: BUDGECON
Amendment 358 #

2018/0213(COD)

Proposal for a regulation
Article 15 – paragraph 4 – subparagraph 2 a (new)
A disbursement shall not be made to Member States that is subject to an ongoing procedure pursuant to article 7 paragraph 1 or 2 of the Treaty on European Union.
2019/01/22
Committee: BUDGECON
Amendment 365 #

2018/0213(COD)

Proposal for a regulation
Article 16 – paragraph 2 a (new)
2a. A Member State in which there is a serious and persistent of the values referred to in Article 2 of the Treaty on European Union as determined by the European Council shall repay to the Commission any financial contribution paid to it pursuant to Article 15.
2019/01/22
Committee: BUDGECON
Amendment 366 #

2018/0213(COD)

Proposal for a regulation
Article 16 – paragraph 3 a (new)
3a. The independent fiscal institution, the European Fiscal Board, the national court of auditors and the European Court of Auditors may provide, at any time, an opinion to the Commission about the sustainability and economic impact of the reforms made by a Member State.
2019/01/22
Committee: BUDGECON
Amendment 407 #

2018/0213(COD)

Proposal for a regulation
Article 36 – paragraph 3
3. The mid-term evaluation report shall include information on the achievement of the objectives of the Programme, the efficiency of the use of resources and the Programme's European added value. It shall also consider the moral hazard caused by the Programme and the continued relevance of all objectives and actions.
2019/01/22
Committee: BUDGECON
Amendment 408 #

2018/0213(COD)

Proposal for a regulation
Article 36 – paragraph 4 a (new)
4a. The Commission shall study the possibility of extending the conditionality on the implementation of structural reforms to other parts of the European budget and provide the European Parliament and the Council with an impact assessment within two years after the entry into force of this Regulation.
2019/01/22
Committee: BUDGECON
Amendment 205 #

2018/0212(COD)

Proposal for a regulation
Article 1 – paragraph 2
2. The EISF shall provide, based on strict conditionality, financial assistance in the form of loans and interest rate subsidies for public investment to a Member State which is experiencing a large asymmetric shock.
2018/11/09
Committee: BUDGECON
Amendment 235 #

2018/0212(COD)

Proposal for a regulation
Article 3 – paragraph 1 – introductory part
1. A Member State shall be eligible for EISF support where it is not subject to: each of the following conditions are met: (i) in the four years prior to the Member State's support request, the Commission each year assessed that the Member State has effectively addressed the challenges identified in the context of the European Semester, i.e. in the country-specific recommendations and in other relevant European Semester documents officially adopted by the Commission; (ii) in the four years prior to the Member State's support request, the Council never established that an excessive deficit under Article 126(6) TFEU exists in the Member State; (iii) in accordance with Article 126(2) TFEU, in the four years prior to the Member State's support request, the ratio of government debt to gross domestic product in the Member State has been sufficiently diminishing and approaching the reference value at a satisfactory pace; (iv) in the four years prior to the Member State's support request, the Member State never had a sovereign debt credit rating below investment grade; (v) the Member State is not subject to a procedure referred to Article 7(1) or 7(2) of the Treaty on European Union, (vi) the Member State is not subject to any of the following:
2018/11/09
Committee: BUDGECON
Amendment 244 #

2018/0212(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a
(a) a decision of the Council establishing that no effective action has been taken to correct its excessive deficit under Article 126(8) or Article 126(11) of the Treaty on the Functioning of the European Union in the twofive years prior to requesting support from the EISF;
2018/11/09
Committee: BUDGECON
Amendment 249 #

2018/0212(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point b
(b) a decision of the Council in accordance with Article 6(2) or Article 10 of Council Regulation (EU) No 1466/9719 establishing that no effective action has been taken to address the observed significant deviation in the twofive years prior to requesting support from the EISF; _________________ 19 Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies OJ L 209, 2.8.1997, p. 1
2018/11/08
Committee: BUDGECON
Amendment 256 #

2018/0212(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point c
(c) two successive recommendations of the Council in the same imbalance procedure in accordance with Article 8(3) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council20 on grounds that the Member State concerned has submitted an insufficient corrective action plan in the twofive years prior to requesting support from the EISF; _________________ 20 Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances OJ L 306, 23.11.2011, p. 25
2018/11/08
Committee: BUDGECON
Amendment 264 #

2018/0212(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point d
(d) two successivea decisions of the Council in the same imbalance procedure in accordance with Article 10(4) of Regulation (EU) No 1176/2011 of the European Parliament and of the Council having established non- compliance by the Member State concerned on grounds that it has not taken the recommended corrective action in the twofive years prior to requesting support from the EISF;
2018/11/08
Committee: BUDGECON
Amendment 27 #

2018/0180(COD)

Proposal for a regulation
Title 1
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 2016/1011 on low carbclimate transition benchmarks and posinegative carbon impact benchmarks (Text with EEA relevance)
2018/10/29
Committee: ECON
Amendment 38 #

2018/0180(COD)

Proposal for a regulation
Recital 10
(10) Divergent approaches to benchmark methodologies result in fragmentation of the internal market because users of benchmarks do not have clarity on whether a particular low carbon index is a benchmark aligned to the 2C° objective or merely a benchmark that aims to lower the carbon footprint of a standard investment portfolio. To address potentially illegitimate claims by administrators about the low-carbon nature of their benchmarks, Member States are likely tocould adopt different rules to avoid the ensuing investors’ confusion and ambiguity about the aims and level of ambition underpinning different categories of so called low carbon indices used as benchmarks for a low carbon investment portfolio.
2018/10/29
Committee: ECON
Amendment 43 #

2018/0180(COD)

Proposal for a regulation
Recital 11
(11) In the absence of a harmonised framework to ensure the accuracy and integrity of the main categories of low carbon benchmarks used in individual or collective investment portfolios, it is likely that differences in Member States' approaches wicould potentially create obstacles to the smooth functioning of the internal market.
2018/10/29
Committee: ECON
Amendment 44 #

2018/0180(COD)

(12) Therefore, to maintain the proper functioning of the internal market, to further improve the conditions of its functioning, and to ensure a high level of consumer and investor protection, it is appropriate to adapt Regulation (EU) 2016/1011 to lay down a regulatory framework for harmonised low carbon or climate transition benchmarks at Union level. To offer climate transition or negative carbon benchmark is left to the discretion of the benchmark providers and shall not impede their ability to produce other benchmarks that measure or take into consideration the carbon footprint.
2018/10/29
Committee: ECON
Amendment 53 #

2018/0180(COD)

Proposal for a regulation
Recital 13
(13) It is furthermore necessary to introduce a clear distinction between low- carbclimate transition and posinegative carbon impact benchmarks. While the underlying assets in a low-carbon benchmark should be selected with the aim of reducing carbongreenhouse gas emissions of the index portfolio when compared to the parent index, a posinegative carbon impact index should only comprise components whose emissions savings exceed their carbon emissions.
2018/10/29
Committee: ECON
Amendment 59 #

2018/0180(COD)

Proposal for a regulation
Recital 14
(14) Each company whose assets are selected as underlying in a posinegative impact benchmark should save more carbon emissions than it produces, hence have a positive impact on the environment. The asset and portfolio managers who claim to pursue an investment strategy compatible with the Paris Climate Agreement should therefore use posinegative carbon impact benchmarks.
2018/10/29
Committee: ECON
Amendment 60 #

2018/0180(COD)

Proposal for a regulation
Recital 14
(14) Each company whose assets are selected as underlying in a posinegative impact benchmark should save more carbon emissions than it produces, hence have a positive impact on the environment. The asset and portfolio managers who claim to pursue an investment strategy compatible with the Paris Climate Agreement should therefore use posinegative carbon impact benchmarks.
2018/10/29
Committee: ECON
Amendment 68 #

2018/0180(COD)

Proposal for a regulation
Recital 16
(16) For the same reasons, administrators of low-carbclimate transition and of posinegative carbon impact benchmarks should equally publish their methodology used for their calculation. That information should describe how the underlying assets were selected and weighted and which assets were excluded and for what reason. The benchmark administrators should also specify how the low carbclimate transition benchmarks differ from the underlying parent index, notably in terms of the applicable weights, market capitalisation and financial performance of the underlying assets. To assess how the benchmark contributes to the environmental objectives, the benchmark administrator should disclose how the carbon footprint and carbon savings of the underlying assets were measured, their respective values, including the total carbon footprint of the benchmark, and the type and source of the data used. To enable asset managers to choose the most appropriate benchmark for their investment strategy, benchmark administrators should explain the rationale behind the parameters of their methodology and explain how the benchmark contributes to the environmental objectives, including its impact on climate-change mitigation. The published information should also include details on the frequency of reviews and the procedure followed.
2018/10/29
Committee: ECON
Amendment 71 #

2018/0180(COD)

Proposal for a regulation
Recital 17
(17) In addition, administrator of posinegative carbon impact benchmarks should disclose the posinegative carbon impact of each underlying asset included in those benchmarks, specifying the method used to determine whether the emission savings exceed the investment asset's carbon footprint.
2018/10/29
Committee: ECON
Amendment 75 #

2018/0180(COD)

Proposal for a regulation
Recital 18
(18) To ensure continued adherence to the selected climate-change mitigation objective, administrators of low-carbclimate transition and posinegative carbon impact benchmarks should regularly review their methodologies and inform users of the applicable procedures for any material change. When introducing a material change, benchmark administrators should disclose the reasons for that change and explain how the change is consistent with the benchmarks’ initial objectives.
2018/10/29
Committee: ECON
Amendment 80 #

2018/0180(COD)

Proposal for a regulation
Recital 19
(19) In order to enhance transparency and ensure an adequate level of harmonization, 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 specify further the minimum content of the disclosure obligations that benchmark administrators that take into account the ESG objectives should be subject to, and to specify the minimum standards for harmonization of the methodology of low- carbon and positive carbon impact benchmarks, including the method for the calculation of carbon emissions and carbon savings associated with the underlying assets, taking into account the Product and Organisation Environmental Footprint methods as defined in points (a) and (b) of point 2 of Commission Recommendation 2013/179/EU31 . 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, 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. _________________ 31 Commission Recommendation 2013/179/EU of 9 April 2013 on the use of common methods to measure and communicate the life cycle environmental performance of products and organisations (OJ L 124, 4.5.2013, p. 1).deleted
2018/10/29
Committee: ECON
Amendment 85 #

2018/0180(COD)

Proposal for a regulation
Recital 19
(19) In order to enhance transparency and ensure an adequate level of harmonization, 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 specify further the minimum content of the disclosure obligations that benchmark administrators that take into account the ESG objectives should be subject to, and to specify the minimum standards for harmonization of the methodology of low- carbclimate transition and posinegative carbon impact benchmarks, including the method for the calculation of carbon emissions and carbon savings associated with the underlying assets, taking into account the Product and Organisation Environmental Footprint methods as defined in points (a) and (b) of point 2 of Commission Recommendation 2013/179/EU31 . 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, 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. _________________ 31 Commission Recommendation 2013/179/EU of 9 April 2013 on the use of common methods to measure and communicate the life cycle environmental performance of products and organisations (OJ L 124, 4.5.2013, p. 1).
2018/10/29
Committee: ECON
Amendment 88 #

2018/0180(COD)

Proposal for a regulation
Recital 19 a (new)
(19a) Data used for regulated data benchmarks should be sourced either directly from a trading venue or from an approved reporting mechanism or from an intermediary, as long as this intermediary enjoys no discretion to alter the input data.
2018/10/29
Committee: ECON
Amendment 94 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1011
Article 3 – paragraph 1 – point 23 a (new)
(23a) ‘low-carbClimate transition benchmark’ means a benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected so that the resulting benchmark portfolio has less carbon greenhouse gas emissions when compared to the assets that comprise a standard capital-weighted benchmark and which is constructed in accordance with the standards laid down in the delegated acts referred to in Article 19a(2); (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)Or. en
2018/10/29
Committee: ECON
Amendment 100 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1
Regulation (EU) 2016/1011
Article 3 – paragraph 1 – point 23 b (new)
(23b) ‘posinegative carbon impact benchmark’ means a benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected on the basis that their carbon emissions savings exceed the asset's carbon footprint and which is constructed in accordance with the standards laid down in the delegated acts referred to in Article 19a(2).; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)Or. en
2018/10/29
Committee: ECON
Amendment 104 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) 2016/1011
Article 3 – paragraph 1 – point 24 a
1a. Article 3 paragraph 1 is amended as follows: (a) point 24a is replaced "(a) input data contributed entirely from:" point 24, point a, sub-point vii is replaced: "(vii) a service provider to which the benchmark administrator has outsourced the data collection in accordance with Article 10, with the exception of Article 10(3)(f), provided that the service provider receives the data entirely from an entity referred to in points (i) to (vi);"
2018/10/29
Committee: ECON
Amendment 116 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) 2016/1011
Title III – Chapter 3 a (new) – title
Low-carbClimate transition and posinegative carbon impact benchmarks (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)Or. en
2018/10/29
Committee: ECON
Amendment 125 #

2018/0180(COD)

(1) The requirements laid down in Annex III shall apply to the provision of, and contribution to, low-carbclimate transition or posinegative carbon impact benchmarks in addition to, or as a substitute for, the requirements of Title II, III and IV. (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)Or. en
2018/10/29
Committee: ECON
Amendment 135 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) 2016/1011
Title III – Chapter 3 a (new) – Article 19 a – paragraph 2 – introductory part
(2) The Commission shall be empowered to adopt delegated acts in accordance with Article 49 to specify further the minimum standards for low- carbon and positive carbon impactadministrator of a climate transition benchmark or a negative carbon benchmark shall formalise, document and make public any methodology used for the calculation of these benchmarks, including:
2018/10/29
Committee: ECON
Amendment 141 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EU) 2016/1011
Title III – Chapter 3 a (new) – Article 19 a – paragraph 2 – IP – point c
(c) the method for the calculation of greenhouse gases, carbon emissions and carbon savings associated with the underlying assets.; (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32016R1011&from=EN)Or. en
2018/10/29
Committee: ECON
Amendment 145 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new) Regulation (EU) 2016/1011
3a. In article 21, the last subparagraph of paragraph (3) is amended as follows: "By the end of that period, the competent authority shall review its decision to compel the administrator to continue to publish the benchmark and may, where necessary, extend the time period by an appropriate period not exceeding a further 12 months. The maximum period of mandatory administration shall not exceed 5 years in total.";
2018/10/29
Committee: ECON
Amendment 146 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 3 b (new)
Regulation (EU) 2016/1011
Article 23 – paragraph 6 – subparagraph 2
3b. In article 23, last subparagraph of paragraph (6) is amended as follows: "The maximum period of mandatory contribution under points (a) and (b) of the first subparagraph shall not exceed 5 years in total.";
2018/10/29
Committee: ECON
Amendment 153 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4
Regulation (EU) 2016/1011
Article 27 – paragraph 2 b (new)
2b. The Commission shall be empowered to adopt delegated acts in accordance with Article 49 to specify further the information referred to in in paragraph 2a.
2018/10/29
Committee: ECON
Amendment 157 #

2018/0180(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 4 a (new)
Regulation (EU) 2016/1011
Article 51 – paragraph 4 a (new)
4a. In Article 51 the following paragraph is inserted: "4a. An existing benchmark designated as critical by an implementing act adopted by the Commission in accordance with Article 20 that does not meet the requirements to obtain an authorisation in accordance with Article 34 of this Regulation by 1 January 2020 may, if the competent authority considers that its discontinuation would affect financial stability, be used until 31 December 2021.";
2018/10/29
Committee: ECON
Amendment 162 #

2018/0180(COD)

Proposal for a regulation
Annex I – subheading 1
Low-carbClimate transition and posinegative carbon impact benchmarks
2018/10/29
Committee: ECON
Amendment 169 #

2018/0180(COD)

Proposal for a regulation
Annex I – subheading 2
Methodology for low carbclimate transition benchmarks
2018/10/29
Committee: ECON
Amendment 173 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – introductory part
1. The administrator of a low-carbclimate transition benchmark shall formalise, document and make public any methodology used for the calculation of low carbclimate transition benchmarks, describing the following:
2018/10/29
Committee: ECON
Amendment 176 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point a
(a) the list of the underlying assets that are used for calculating the low carbon benchmark;deleted
2018/10/29
Committee: ECON
Amendment 182 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point c
(c) the criteria applied to exclude assets or companies that are associated with a level of carbon footprint or a level of fossil reserves that are incompatible with inclusion in the low carbclimate transition benchmark;
2018/10/29
Committee: ECON
Amendment 188 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point d
(d) the criteria for and the methods of how the low carbclimate transition benchmark measures the carbon footprint and carbon savings associated with the underlying assets in the index portfolio;
2018/10/29
Committee: ECON
Amendment 194 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point e
(e) if the benchmark is tracking a parent benchmark, the tracking error between the low carbclimate transition benchmark and the parent index;
2018/10/29
Committee: ECON
Amendment 199 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point f
(f) if the benchmark is tracking a parent benchmark, the positive reweighting of low- carbon assets in the low carband low greenhouse gas assets in the climate transition benchmark versus the parent index and the explanation of why this reweighting is necessary to reflect the chosen objectives of the low carbclimate transition benchmark;
2018/10/29
Committee: ECON
Amendment 206 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point g
(g) if the benchmark is tracking a parent benchmark, the ratio between the market value of the securities that are in the low carbclimate transition benchmark and the market value of the securities in the parent index;
2018/10/29
Committee: ECON
Amendment 213 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point h – introductory part
(h) the type and source of input data used for the selection of assets or companies eligible for the low carbclimate transition benchmark, including:
2018/10/29
Committee: ECON
Amendment 229 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point h – point iv
(iv) emissions which would continue to exist if the company's products or services would be replaced by more carbon emitting substitutes ('emission savings');deleted
2018/10/29
Committee: ECON
Amendment 237 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 1 – point i
(i) the total carbon-footprint exposure of the index portfolio and the estimated impacts on climate-change mitigation of the low carbclimate transition strategy pursued by the benchmark;
2018/10/29
Committee: ECON
Amendment 257 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 2
2. The administrator of a posinegative carbon impact benchmark, in addition to the obligations applicable to the administrator of a low carbclimate transition benchmark, shall disclose the posinegative carbon impact of each underlying asset included in the benchmarkat the level of the portfolio and shall specify the formula or calculation that is used to determine whether the emission savings exceed the investment asset's or company's carbon footprint ('posinegative carbon impact ratio').
2018/10/29
Committee: ECON
Amendment 258 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 2 a (new)
2a. The administrator of a negative carbon benchmark shall document and make public any methodology used for the calculation of emissions which would continue to exist if the company's products or services would be replaced by more carbon emitting substitutes ('emission savings') and the corresponding amount of emissions savings;
2018/10/29
Committee: ECON
Amendment 260 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 3 – introductory part
3. Administrators of low-carbclimate transition and posinegative carbon impact benchmarks shall adopt and make public to users procedures for and the rationale of any proposed material change in their methodology. Those procedures shall be consistent with the overriding objective that benchmark calculations adhere continuously to the low greenhouse gas, low-carbon or posinegative carbon impact objectives. Those procedures shall provide:
2018/10/29
Committee: ECON
Amendment 263 #

2018/0180(COD)

Proposal for a regulation
Annex I – point 4
4. Administrators of low-carbon and 4. posiclimate transition and negative carbon impact benchmarks shall regularly examine their methodologies to ensure that they reliably reflect the relevant low greenhouse gas, low-carbon or posinegative carbon objectives and shall have a process in place for taking the views of relevant users into account.”.
2018/10/29
Committee: ECON
Amendment 168 #

2018/0178(COD)

Proposal for a regulation
Recital 13
(13) A Union classification of environmentally sustainable economic activities should enable the development of future Union policies and strategies, including Union- wide standards for environmentally sustainable financial products and eventually the establishment of labels that formally recognise compliance with those standards across the Union. Uniform legal requirements for considering investments as environmentally sustainable investments, based on uniform criteria for environmentally sustainable economic activities, are necessary as a reference for future Union legislation aiming at enabling those investments.
2018/12/17
Committee: ECONENVI
Amendment 213 #

2018/0178(COD)

Proposal for a regulation
Recital 26 a (new)
(26 a) In defining the technical screening criteria, the Commission should also take into account transitional measures towards activities that support the transition to a more sustainable, low- carbon economy.
2018/12/17
Committee: ECONENVI
Amendment 259 #

2018/0178(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point a
(a) measures adopted by Member States or by the Union setting out any requirements on market actorfinancial market participants in respect of financial products or corporate bonds that are marketed as environmentally sustainable.
2018/12/17
Committee: ECONENVI
Amendment 277 #

2018/0178(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b a (new)
(b a) The criteria mentioned in Article 1 (1) may be used for the purpose mentioned in that paragraph by financial services providers that are not addressed by Article 1 (2) on a voluntary basis, and with respect to other financial products than those established in Article 2, paragraph 1 point (c).
2018/12/17
Committee: ECONENVI
Amendment 282 #

2018/0178(COD)

Proposal for a regulation
Article 1 – paragraph 2 – point b b (new)
(b b) financial market participants that use the taxonomy to define whether a financial product or service and/or investments is unsustainable. The use of the taxonomy to define whether a financial product or service and/ or investments is unsustainable shall be optional. Disclosure requirements, as defined under Article 4, paragraph 2, of this Regulation shall also be optional.
2018/12/17
Committee: ECONENVI
Amendment 301 #

2018/0178(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point d
(d) 'climate change mitigation' means the process of holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and limiting the temperature increase to 1.5 °C above pre-industrial levels, including to make the transition to achieve these targets;
2018/12/17
Committee: ECONENVI
Amendment 323 #

2018/0178(COD)

Proposal for a regulation
Article 3 – paragraph 1 – point a
(a) the economic activity contributes or will contribute substantially to one or more of the environmental objectives set out in Article 5 in accordance with Articles 6 to 11;
2018/12/17
Committee: ECONENVI
Amendment 361 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 2 b (new)
2 b. No disclosure requirements that are required under the [Commission proposal for a Regulation on disclosures relating to sustainable investments and sustainability risks and amending Directive (EU) 2016/2341] shall be required in this Regulation;
2018/12/17
Committee: ECONENVI
Amendment 368 #

2018/0178(COD)

Proposal for a regulation
Article 4 – paragraph 2 a (new)
2 a. The Commission shall immediately notify the Platform on Sustainable Finance of the request addressed by financial market participants.
2018/12/17
Committee: ECONENVI
Amendment 411 #

2018/0178(COD)

Proposal for a regulation
Article 6 – paragraph 1 – point a
(a) generating, storing, distributing or using renewable energy or climate-neutral energy (including carbon-neutral energy), including through using innovative technology with a potential for significant future savings or through necessary reinforcement of the grid;
2018/12/17
Committee: ECONENVI
Amendment 503 #

2018/0178(COD)

Proposal for a regulation
Article 12 – paragraph 1 – introductory part
For the purposes of Article 3(b), taking into account its full life-cycle, in as far as relevant information is available, an economic activity shall be considered as significantly harming:
2018/12/17
Committee: ECONENVI
Amendment 539 #

2018/0178(COD)

Proposal for a regulation
Article 14 – paragraph 1 – point f
(f) take into account the environmental impacts of the economic activity itself, as well as of the products and services provided by that economic activity, throughout their lifecycle, in as far as relevant information is available, notably by considering their production, use and end-of-life;
2018/12/17
Committee: ECONENVI
Amendment 548 #

2018/0178(COD)

Proposal for a regulation
Article 14 – paragraph 1 – point h a (new)
(h a) take into account if an activity is in transition to a more sustainable and/ or low-carbon configuration and/ or operation, through research and innovation projects, specific timelines and pathways of this transition;
2018/12/17
Committee: ECONENVI
Amendment 552 #

2018/0178(COD)

Proposal for a regulation
Article 14 – paragraph 1 – point j a (new)
(j a) be sector specific, where possible.
2018/12/17
Committee: ECONENVI
Amendment 573 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 1 – point b
(b) experts representing relevant private stakeholders;and, in balanced proportions:
2018/12/17
Committee: ECONENVI
Amendment 574 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 1 – point b – point i (new)
i) experts representing relevant private stakeholders including non- financial companies; and
2018/12/17
Committee: ECONENVI
Amendment 575 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 1 – point b – point ii (new)
ii) experts appointed in a personal capacity, with proven knowledge and experience in the areas covered by this Regulation.
2018/12/17
Committee: ECONENVI
Amendment 576 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 1 – point b – point iii (new)
iii) prior to appointment by the Commission of candidates that do not represent one of the Union's agencies or institutions in the platform, final consent by European Parliament, on the list as a whole, shall be required.
2018/12/17
Committee: ECONENVI
Amendment 600 #

2018/0178(COD)

Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 1 (new)
Within 6 months following the request mentioned in Article 4(2), the Platform shall make public the conclusion of its analysis regarding requests from stakeholders to develop or revise technical screening criteria for a given economic activity. To fulfil its role in assisting and advising the Commission, the Platform shall carry out public consultations to gather views from all concerned stakeholders.
2018/12/17
Committee: ECONENVI
Amendment 661 #

2018/0178(COD)

Proposal for a regulation
Article 18 – paragraph 2 a (new)
2 a. This Regulation shall respect the principle of non-retroactivity and shall not apply to contracts concluded before date of entry into force of this Regulation, as established under paragraph 1 of this Article.
2018/12/17
Committee: ECONENVI
Amendment 60 #

2018/0171(COD)

Proposal for a regulation
The European Parliament rejects the Commission proposal.
2018/11/20
Committee: ECON
Amendment 16 #

2018/0166R(APP)

Draft opinion
Paragraph 3 a (new)
3a. Considering the level of ambition in particular to make Horizon Europe more flexible, believes that the spending priorities of each programme should be determined in the legislation of the Framework Programme, not in the agreement on the MFF;
2018/09/17
Committee: ITRE
Amendment 19 #

2018/0166R(APP)

Draft opinion
Paragraph 3 b (new)
3b. Believes that synergies with other Union funding programmes shall be encouraged and exploited to a maximum while seeking maximal administrative simplification; notes that synergies between the programmes will allow for economies of scale, make investments more consistent and provide better value;
2018/09/17
Committee: ITRE
Amendment 20 #

2018/0166R(APP)

Draft opinion
Paragraph 3 c (new)
3c. Appropriate mechanisms of coordination between relevant authorities and appropriate monitoring tools shall be established to systematically ensure synergies between the Programme and any relevant EU funding instruments;
2018/09/17
Committee: ITRE
Amendment 29 #

2018/0166R(APP)

Draft opinion
Paragraph 5
5. WelcomNotes the amount allocated to the energy and digital components of the Connecting Europe Facility (CEF); believes that CEF should be more ambitious on the issue of synergies, as indicated in its mid-term review;
2018/09/17
Committee: ITRE
Amendment 33 #

2018/0166R(APP)

Draft opinion
Paragraph 5 a (new)
5a. Welcomes the Digital Europe programme that will build EU's digital capacities especially for Artificial Intelligence, Cybersecurity and High Performance Computing while strengthening the digital transformation of the economy and society by supporting digital skills; Underlines the importance of this new programme and therefore strongly supports the 9.2 billion overall budget;
2018/09/17
Committee: ITRE
Amendment 44 #

2018/0166R(APP)

Draft opinion
Paragraph 6
6. Believes that in the energy sector, emphasis should be placed on energy security and a functioning single market, the cross-infrastructure for renewable energy, consumer empowerment, and a functioning single energy market with more cross-border trade and cooperation; considers it essential to reach the 15 % interconnectivity target by 2030;
2018/09/17
Committee: ITRE
Amendment 46 #

2018/0166R(APP)

Draft opinion
Paragraph 6 a (new)
6a. Notes the amount allocated to the Space Programme and underlines that it is essential to ensure its smooth continuation and further development which stimulate growth and innovation in both upstream and downstream economic sectors;
2018/09/17
Committee: ITRE
Amendment 48 #

2018/0166R(APP)

Draft opinion
Paragraph 7
7. Regrets that its call for the creation of an energy transition fund for coal-intensive regions under the new multiannual financial framework (MFF) was not reflected in the new MFF proposal; reiterates its appeal for additional funds to be provided exclusively to support energy transition in these regions;deleted
2018/09/17
Committee: ITRE
Amendment 62 #

2018/0060(COD)

Proposal for a regulation
Recital 1
(1) The establishment of a comprehensive strategy to address the issue of non-performing exposures (NPEs) is a priority for the Union. While addressing NPEs is primarily the responsibility of banks and Member States, there is also a clear Union dimension to reduce the current high stocks of NPEs, as well as to prevent any excessive build-up of NPEs in the future. Given the interconnectedness of the banking and financial systems across the Union where banks operate in multiple jurisdictions and Member States, there is significant potential for spill-over effects for Member States and the Union at large, both in terms of economic growth and financial stability.
2018/11/23
Committee: ECON
Amendment 66 #

2018/0060(COD)

Proposal for a regulation
Recital 2
(2) An integrated financial system will enhance the resilience of the European Monetary Union to adverse shocks by facilitating private cross-border risk- sharing, while at the same time reducing the need for public risk-sharing. In order to achieve these objectives, the Union should complete the Banking Union and further develop a Capital Markets Union. Addressing the current high stocks of NPEs and their possible future accumulation is essential to completing the Banking Union as it is essential for ensuring competition in the banking sector, preserving financial stability and encouraging lending so as to create jobs and growth within the Union.
2018/11/23
Committee: ECON
Amendment 105 #

2018/0060(COD)

Proposal for a regulation
Recital 12
(12) In order to facilitate a smooth transition towards this new prudential backstop, the new rules should not be applied in relation to exposures originatedthat were classified as non performing prior to 14 March January 20184. The Commission has repeatedly made public its intention to introduce a prudential backstop for NPEs. As of the date of the legislative proposal there should be sufficient clarity for institutions and other stakeholders on how the prudential backstop envisaged by the Commission would apply.
2018/11/23
Committee: ECON
Amendment 372 #

2018/0060(COD)

Proposal for a regulation
Article 1 – paragraph 7
Regulation (EU) No 575/2013
Article 469a – subparagraph 1
By way of derogation from Article 36(1)(m), institutions shall not deduct from Common Equity Tier 1 items the applicable amount of insufficient coverage for non performing exposures where the exposure was incurredclassified as non performing prior to 14 March January 20184.
2018/11/23
Committee: ECON
Amendment 376 #

2018/0060(COD)

Proposal for a regulation
Article 1 – paragraph 7
575/2013
Article 469a – subparagraph 2
Where the terms and conditions of an exposure which was incurredclassified as non performing prior to 14 March January 20184 are modified by the institution in a way that increases the institution's exposure to the obligor, the exposure shall be considered as having been incurred on the date when the modification applies and shall cease to be subject to the derogation provided in the first subparagraph..
2018/11/23
Committee: ECON
Amendment 143 #

2018/0048(COD)

(3) The provision of crowdfunding services generally relies on three types of actors: the project owner that proposes the project to be funded, investors who fund the proposed project, generally by limited investments or loans, and an intermediating organisation in the form of a service provider that brings together project owners and investors through an online platform.
2018/09/13
Committee: ECON
Amendment 154 #

2018/0048(COD)

Proposal for a regulation
Recital 12
(12) Given the risks associated with crowdfunding investments, it is appropriate, in the interest of the effective protection of investors, to impose a threshold for a maximum consideration for each crowdfunding offer. That threshold should be set at EUR 18 000 000, because that threshold corresponds to the threshold set out in Regulation (EU) 2017/1129 of the European Parliament and of the Council9 for the mandatory drawing up and approval of a prospectus above that threshold. _________________ 9 Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (OJ L 168, 30.6.2017, p. 12).
2018/09/13
Committee: ECON
Amendment 164 #

2018/0048(COD)

(17a) Alternative investment instruments, such as Initial Coin Offerings, have potential in funding SMEs, innovative start-ups and scale-ups, and accelerate technology transfer, and can be an essential part of the Capital Markets Union. The legal certainty of a regulatory framework can be instrumental in increasing investor’s and consumer’s protection and reducing risks stemming from asymmetric information, fraudulent behaviours, illegal activities such as money laundering and tax evasion. It is therefore appropriate that the Commission in its review report analyses the necessity of a legal framework for ICOs or other alternative investment instruments and that, if deemed useful, this report is accompanied by a legislative proposal.
2018/09/13
Committee: ECON
Amendment 179 #

2018/0048(COD)

Proposal for a regulation
Recital 40
(40) It is important to effectively and efficiently ensure compliance with the requirements for authorisation and for the provision of crowdfunding services, in accordance with this Regulation. ESMA should therefore be conferred competences to grant authorisation and exercise oversight. To enable ESMA to fulfil that supervisory mandate, it should be given the power to request information, carry out general investigations and on-site inspections, issue public notices and warnings and impose sanctions. ESMA should make use of its oversight and sanctioning competences in a proportionate manner and should work closely together with national competent authorities.
2018/09/13
Committee: ECON
Amendment 181 #

2018/0048(COD)

Proposal for a regulation
Recital 41
(41) Granting those competences to ESMA allows for a more efficient and centrally managed authorisation and oversight, generating economies of scale. Such a central supervisory regime avoids divergence within the Union and is beneficial to the market participants in terms of greater transparency, investor protection and market efficiency.
2018/09/13
Committee: ECON
Amendment 191 #

2018/0048(COD)

Proposal for a regulation
Article 2 – paragraph 2 – point d
(d) crowdfunding offers with a consideration of more than EUR 18 000 000 per crowdfunding offer, which shall be calculated over a period of 12 months with in regard to a particular crowdfunding project.
2018/09/13
Committee: ECON
Amendment 198 #

2018/0048(COD)

Proposal for a regulation
Article 2 – paragraph 2 a (new)
2a. Member State legislation on license requirements relating to project owners or investors shall not prevent them from using crowdfunding services provided by crowdfunding service providers pursuant to and authorised under this Regulation.
2018/09/13
Committee: ECON
Amendment 230 #

2018/0048(COD)

Proposal for a regulation
Article 7 – paragraph 1
1. Crowdfunding service providers shall not have any financial participation in any crowdfunding offer on their crowdfunding platforms, except where that financial participation is designed to ensure on a systematic basis across all offers an alignment of interests between the crowdfunding service providers and the investors or as a means of intervention to ensure the integrity of the marketplace.
2018/09/13
Committee: ECON
Amendment 272 #

2018/0048(COD)

Proposal for a regulation
Article 12 – paragraph 3
3. ESMA shall, in cooperation with the national competent authorities, assess compliance of crowdfunding service providers with the obligations provided for in this Regulation.
2018/09/13
Committee: ECON
Amendment 285 #

2018/0048(COD)

Proposal for a regulation
Article 15 – paragraph 1
1. Crowdfunding service providers shall, before giving prospective investors full access to their crowdfunding offers, assess whether and which crowdfunding services offered are appropriate for the prospective investors.
2018/09/13
Committee: ECON
Amendment 297 #

2018/0048(COD)

Proposal for a regulation
Article 15 – paragraph 5 – subparagraph 2
IrrespectiveOn the basis of the results of the simulation, crowdfunding service providers may prevent prospective investors and investors shall not be prevented from investing in crowdfunding projects. However, investors shall remain responsible for the full risk of taking an investment.
2018/09/13
Committee: ECON
Amendment 309 #

2018/0048(COD)

Proposal for a regulation
Article 16 – paragraph 5
5. Crowdfunding service providers shall have in place and apply adequate procedures to verify the completeness, the correctness and the clarity of information contained in the key investment information sheet.
2018/09/13
Committee: ECON
Amendment 311 #

2018/0048(COD)

Proposal for a regulation
Article 16 – paragraph 6
6. When a crowdfunding service provider identifies a material omission, a material mistake or a material inaccuracy in the key investment information sheet, the project owner shall complement or amend that information. Where such complement or amendment is not possiblmade, the crowdfunding service provider shall not make the crowdfunding offer or cancel the existing offer until the key investment information sheet complies with the requirements of this Article.
2018/09/13
Committee: ECON
Amendment 317 #

2018/0048(COD)

Proposal for a regulation
Article 19 – paragraph 1
1. Crowdfunding service providers shall ensure that all their marketing communications to investors are clearly identifiable as such.
2018/09/13
Committee: ECON
Amendment 320 #

2018/0048(COD)

Proposal for a regulation
Article 19 – paragraph 2
2. No marketing communication shall comprise marketing of individual planned or pending crowdfunding projects or offers. Marketing communications may only indicate where and in which language clients can obtain information about individualof the crowdfunding service providers shall disproportionately target individual planned or pending crowdfunding projects or offers.
2018/09/13
Committee: ECON
Amendment 322 #

2018/0048(COD)

Proposal for a regulation
Article 19 – paragraph 4
4. National competent authorities and ESMA shall not require an ex ante notification and approval of marketing communications.
2018/09/13
Committee: ECON
Amendment 324 #

2018/0048(COD)

Proposal for a regulation
Article 26 – paragraph 1
The obligation of professional secrecy referred to in Article 76 of Directive 2014/65/EU shall apply to ESMA and national competent authorities and all persons who work or who have worked for ESMA or fornational competent authorities and to any other person to whom ESMA has delegated tasks, including auditors and experts contracted by ESMA.
2018/09/13
Committee: ECON
Amendment 327 #

2018/0048(COD)

Proposal for a regulation
Article 38 – paragraph 2 – point a
(a) the functioning of the market for crowdfunding service providers in the Union, including market development and trends, taking into account supervisory experience acquired by ESMA, the number of crowdfunding service providers authorised by ESMA and their market share and in particular examining whether any adjustments are needed to the definitions and thresholds set out in this Regulation and whether the scope of services covered by this Regulation remains appropriate;
2018/09/13
Committee: ECON
Amendment 331 #

2018/0048(COD)

Proposal for a regulation
Article 38 – paragraph 2 – point c
(c) the implementation of the technological innovation in the crowdfunding sector, including the application of the newnon-bank financing methods (including initial coin offering), innovative business models and technologies;
2018/09/13
Committee: ECON
Amendment 332 #

2018/0048(COD)

Proposal for a regulation
Article 38 – paragraph 2 – point g a (new)
(ga) the cooperation between ESMA and the national competent authorities and the appropriateness of ESMA as the supervisor of this Regulation;
2018/09/13
Committee: ECON
Amendment 86 #

2018/0043(COD)

Proposal for a directive
Recital 15
(15) Another core feature of existing national covered bond frameworks is the fact that assets serving as collateral should be of very high quality in order to ensure the robustness of the cover pool. High quality assets are characterised by having specific features making them eligible to cover the claims attached to the covered bond. It is therefore appropriate to set out the general quality features that assets should respect in order to be eligible to serve as collateral. Assets listed in points (a) to (g) of Article 129(1) of Regulation (EU) No 575/2013 should be considered eligible to serve as collateral in the cover pool, within a covered bond framework, as should loans involving public undertakings as defined in Article 2(b) of Commission Directive 2006/111/EC but also other assets of a similar high quality could be considered eligible under the Directive, provided that it is possible to determine either their market value or mortgage lending value. Furthermore, the Directive should include rules to ensure that assets, including guaranteed loans, can be repossessed or called in through an enforceable protection agreement, whether in the form of a traditional mortgage or by a charge, lien or guarantee providing the same level of legal protection, and thus ensuring the same level of safety for investors. However, those provisions on the eligibility of assets should not prevent Member States from allowing other categories of assets to serve as collateral in their national frameworks provided the assets comply with Union law. Member States should also be free to exclude assets in their national frameworks.
2018/09/26
Committee: ECON
Amendment 115 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 1 – introductory part
Member States shall ensure investor protection by requiring that covered bonds are at all times collateralised by high quality assets referred to in points (a) to (g) of Article 129(1) of Regulation (EU) No 575/2013 or by other high quality assets that meet at least the following requirements:.
2018/09/26
Committee: ECON
Amendment 118 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 1 – point a
(a) either the market value or mortgage lending value of the assets can be determined;deleted
2018/09/26
Committee: ECON
Amendment 120 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 1 – point b
(b) a mortgage, charge, lien or other guarantee on the asset is enforceable;deleted
2018/09/26
Committee: ECON
Amendment 127 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 1 – point c
(c) all legal requirements for establishing the mortgage, charge, lien or guarantee on the asset have been fulfilled;deleted
2018/09/26
Committee: ECON
Amendment 130 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 1 – point d
(d) the mortgage, charge, lien or guarantee securing the asset enable the credit institution issuing covered bonds to realise the value of the asset without undue delay.deleted
2018/09/26
Committee: ECON
Amendment 138 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 2
For the purposes of point (a), Member States shall lay down rules on valuation of assets.deleted
2018/09/26
Committee: ECON
Amendment 141 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 3
For the purposes of point (b), Member States shall lay down rules ensuring the prompt filing and registration of mortgages, charges, liens or guarantee on assets in the cover pool.deleted
2018/09/26
Committee: ECON
Amendment 145 #

2018/0043(COD)

Proposal for a directive
Article 6 – paragraph 1 – subparagraph 4
For the purposes of points (b) and (d), Member States shall ensure that credit institutions issuing covered bonds assess the enforceability of assets before including such assets in the cover pool.deleted
2018/09/26
Committee: ECON
Amendment 202 #

2018/0043(COD)

Proposal for a directive
Article 11 – paragraph 2 – point b
(b) the limits on the amount of derivative contracts in the cover pool;deleted
2018/09/26
Committee: ECON
Amendment 212 #

2018/0043(COD)

Proposal for a directive
Article 13 – paragraph 1
1. Member States mayshall require that credit institutions issuing covered bonds appoint a cover pool monitor to perform ongoing monitoring of the cover pool with regard to the requirements set out in Articles 6 to 12 and Articles 14 to 17.
2018/09/26
Committee: ECON
Amendment 215 #

2018/0043(COD)

Proposal for a directive
Article 13 – paragraph 2 – introductory part
2. Where Member States use the option provided for in paragraph 1, they shall lay down rules at least on the following aspects:
2018/09/26
Committee: ECON
Amendment 221 #

2018/0043(COD)

Proposal for a directive
Article 13 – paragraph 4
4. Where Member States use the option provided for in paragraph 1, they shall notify EBA.deleted
2018/09/26
Committee: ECON
Amendment 241 #

2018/0043(COD)

Proposal for a directive
Article 15 – paragraph 2
2. Member States shall ensure that the calculation of coverage and the calculation of liabilities is based on the same methodology, with the exception of substitution assets.
2018/09/26
Committee: ECON
Amendment 258 #

2018/0043(COD)

Proposal for a directive
Article 16 – paragraph 3 – subparagraph 1 – point b
(b) exposures to credit institutions that qualify for the credit quality step 1, in accordance with Article 129(1)(c) of Regulation (EU) No 575/2013.
2018/09/26
Committee: ECON
Amendment 274 #

2018/0043(COD)

Proposal for a directive
Article 17 – paragraph 1 – point f a (new)
(f a) the cover pool monitor is required to organise bondholder meetings on a regular basis, in case of a default of the issuer, and in these meetings bondholders and the cover pool monitor shall discuss the possibilities to sell (part of) the cover pool.
2018/09/26
Committee: ECON
Amendment 18 #

2018/0042(COD)

Proposal for a regulation
Recital 11 a (new)
(11 a) It is crucial that all covered bonds compliant with Article 6 of [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU] will continue to benefit from the same existing preferential treatment. This explicitly includes covered bonds that have maturity structures that allow for extension, provided they meet the conditions of Article 17 of [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU].
2018/09/26
Committee: ECON
Amendment 35 #

2018/0006(CNS)

Proposal for a directive
Article 1 – paragraph 1 – point 12
Directive 2006/112/EC
Article 284 – paragraph 1 – subparagraph 2
Member States may fix varying thresholds for different business sectors based on objective criteria. However, those thresholds shall be no higher than EUR 850 000 or the equivalent in national currency.
2018/06/06
Committee: ECON
Amendment 50 #

2018/0006(CNS)

Proposal for a directive
Article 1 – paragraph 1 – point 18
Directive 2006/112/EC
Article 294e – paragraph 1
Member States mayshall release exempt small enterprises from the obligation to submit a VAT return laid down in Article 250, notwithstanding the right of an exempted small enterprise to submit a VAT return.
2018/06/06
Committee: ECON
Amendment 54 #

2018/0006(CNS)

Proposal for a directive
Article 1 – paragraph 1 – point 18
Directive 2006/112/EC
Article 294i a (new)
Article 294i a The Commission shall carry out an impact assessment on the introduction of a one-stop shop through which small enterprises can file VAT returns of the different Member States in which they are operating.
2018/06/06
Committee: ECON
Amendment 58 #

2018/0006(CNS)

Proposal for a directive
Article 2 – paragraph 1 – subparagraph 1
Member States shall adopt and publish, by 30 June 2022 at the latest1 December 2019, the laws, regulations and administrative provisions necessary to comply with this Directive. They shall communicate to the Commission the text of those provisions without delay.
2018/06/06
Committee: ECON
Amendment 60 #

2018/0006(CNS)

Proposal for a directive
Article 2 – paragraph 1 – subparagraph 2
They shall apply those provisions from 1 Julanuary 20220.
2018/06/06
Committee: ECON
Amendment 37 #

2018/0003(NLE)

Proposal for a regulation
Recital 18
(18) The Joint Undertaking should address clearly defined topics that would enable academia andbut also European industries at large to design, develop and use the most innovative technologies in High Performance Computing, and to establish an integrated infrastructure across the Union with world-class High Performance Computing capability, high- speed connectivity and leading-edge applications and data and software services for its scientists and for other lead users from industry, including SMEs and the public sector. The Joint Undertaking should make efforts to reduce the specific HPC-related skills gap. The Joint Undertaking should prepare the path towards building the first hybrid High Performance Computing infrastructure in Europe, integrating classical computing architectures with quantum computing devices, e.g. exploiting the quantum computer as an accelerator of High Performance Computing threads. Structured and coordinated financial support at European level is necessary to help research teams and European industries remain at the leading edge in a highly competitive international context by producing world- class results and their integration in competitive systems, to ensure the fast and broad industrial exploitation of European technology across the Union generating important spill-overs for society, to share risk-taking and joining of forces by aligning strategies and investments towards a common European interest. The Commission could consider, upon notification by a Member State or group of Member States concerned, that the Joint Undertaking’s initiatives qualify as Important Projects of Common European Interest, provided that all relevant conditions are met in accordance with the Community Framework for state aid for research and development and innovation25. __________________ 25 Communication from the Commission — Criteria for the analysis of the compatibility with the internal market of State aid to promote the execution of important projects of common European interest, OJ C 188, 20.6.2014, p. 4.
2018/05/03
Committee: ITRE
Amendment 57 #

2018/0003(NLE)

Proposal for a regulation
Recital 32
(32) Provision of financial support to activities from Connecting Europe Facility programme or other relevant programs should comply with rules of this programme.
2018/05/03
Committee: ITRE
Amendment 60 #

2018/0003(NLE)

Proposal for a regulation
Recital 40
(40) All calls for proposals and all calls for tender under the Joint Undertaking should take into account the duration of the Horizon 2020 Framework Programme and Connecting Europe Facility Programme, as appropriate, except in duly justified cases. For the period not covered by the Horizon 2020 Framework Programme and the Connecting Europe Facility Programme, appropriate adjustments should be made taking in to account the MFF for the period after 2020, with the aim at continuing the activities of the Joint Undertaking.
2018/05/03
Committee: ITRE
Amendment 111 #

2018/0003(NLE)

Proposal for a regulation
Article 17 – paragraph 1
(1) By 30 June 2022 the Commission shall carry out, with the assistance of independent experts, an interim evaluation of the Joint Undertaking, which shall assess in particular the level of participation in, and contribution to, the actions by the Participating States, the Private Members and their constituent entities and affiliated entities, and also by other legal entities. The evaluation should also identify possible other policy needs, including assessment of the situation for specific sectors on their possibility to fully access and use the possibilities enabled by High Performance Computing. The Commission shall prepare a report on that evaluation which includes conclusions of the evaluation and observations by the Commission. The Commission shall send that report to the European Parliament and to the Council by 31 December 2022.
2018/05/03
Committee: ITRE
Amendment 1 #

2017/2979(DEA)


Recital G a (new)
Ga. whereas Parliament notes that the RTS does not contain any specific provisions regarding package transactions and that further guidance might be needed by the Commission and ESMA on the treatment of packages; considers that this guidance should be in line with the provisions made within the MiFID II ‘Quick Fix’;
2017/12/01
Committee: ECON
Amendment 6 #

2017/2253(INI)

Motion for a resolution
Recital B
B. whereas equivalence, and passporting rights and mutual recognition are distinctly different concepts, providing different rights to and obligations for financial institutions and market participants;
2018/05/04
Committee: ECON
Amendment 38 #

2017/2253(INI)

Motion for a resolution
Recital G a (new)
G a. whereas it is necessary for the purposes of the Union's financial stability to fully consider the interconnectedness between third country markets and the EU's single market;
2018/05/04
Committee: ECON
Amendment 56 #

2017/2253(INI)

Motion for a resolution
Paragraph 3
3. NoteRecalls that the Member States may not always entirely support international cooperkey objective of EU legislation owing to concerns about the protection of national interests anhe area of financial services is to safeguard the finherent incentive to shift risks to other jurisdictancial stability of the Unions;
2018/05/04
Committee: ECON
Amendment 68 #

2017/2253(INI)

Motion for a resolution
Paragraph 5
5. Stresses that, in many cases, the granting of equivalence is a unilateral and discretionary decision taken by the EU and is not applied in a reciprocal manner by third countries; considers that international cooperation could be better advanced by dint of international agreements negotiated between the EU and third countries; notes that, unlike equivalence, international agreements can provide mutual access between the EU and third countries for financial institutions and for the mutual recognition of rules;
2018/05/04
Committee: ECON
Amendment 78 #

2017/2253(INI)

Motion for a resolution
Paragraph 5 a (new)
5 a. emphasises that the EU should encourage other jurisdictions to grant access to their financial markets to EU market participants;
2018/05/04
Committee: ECON
Amendment 100 #

2017/2253(INI)

Motion for a resolution
Paragraph 8
8. Emphasises that one of the key objectives for equivalence is to promote regulatory convergence on the basis of international standards, while maintaining the ability to safeguard the stability of EU financial markets;
2018/05/04
Committee: ECON
Amendment 105 #

2017/2253(INI)

Motion for a resolution
Paragraph 9
9. Considers that, as it stands, the EU’s process for granting equivalence lacks certainty and sufficient transparency, and requires a structured and practical framework outlining clear procedurin some cases clarity, with regards to procedures underlying the recognition of third countries supervisory frameworks; takes the view that guiding principles should underline the EU's equivalence regimes, whereby the process would be more transparent and provide greater clarity for third countries;
2018/05/04
Committee: ECON
Amendment 114 #

2017/2253(INI)

Motion for a resolution
Paragraph 10
10. Believes that equivalence decisions and international agreements should be objective, proportionate, risk- sensitive and be taken in the best interests of the Union and its citizens;
2018/05/04
Committee: ECON
Amendment 129 #

2017/2253(INI)

Motion for a resolution
Paragraph 12
12. Notes that the Commission’s decision of 21 December 2017 to grant equivalence to Swiss share trading venues – limited to a 12-month period with the possibility of an extension provided sufficient progress is made on a common institutional framework – was primarily political, and used to gain leverage in a separate policy matter; deplores the fact that Parliament had no input into this decision;deleted
2018/05/04
Committee: ECON
Amendment 140 #

2017/2253(INI)

Motion for a resolution
Paragraph 13
13. Notes that the Commission has the right to withdraw equivalence decisions, and believes that Parliament should be consulted in a timely manner bethe Commission should explain in detail to Parliament the reasons fore such a withdrawal decision isbeing taken; calls for the introduction of clear procedures and timelines governing the adoption, withdrawal or suspension of equivalence decisions;
2018/05/04
Committee: ECON
Amendment 149 #

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 assess the effect such developments may have based on, inter alia, the interconnectedness of the third countries' financial system with that of the Union, and demands that Parliament should be kept informed of ongoing regulatory developments and monitoring thereof in third countries;
2018/05/04
Committee: ECON
Amendment 160 #

2017/2253(INI)

Motion for a resolution
Paragraph 15
15. Calls on the Commission to adopt at least a set of guiding principles, and if appropriate, a legislative act establishing a clear frameworkapproach 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 170 #

2017/2253(INI)

Motion for a resolution
Paragraph 16
16. Calls for equivalence decisions to be reviewed at least once every three years by the relevant ESA and for such reviews to be made public; highlights that such reviews should be based on, at least, the relevant legislation and its implementation, as well as the relevant supervisory practices in the third country concerned;
2018/05/04
Committee: ECON
Amendment 173 #

2017/2253(INI)

Motion for a resolution
Paragraph 16 a (new)
16 a. Calls furthermore on the Commission to make ad hoc assessments of equivalence provisions based on reasoned requests from the Parliament, Council, ESAs, and where relevant the ECB, NCAs and the ESRB;
2018/05/04
Committee: ECON
Amendment 198 #

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 comparableat the ESAs must have an ever more important role in the analysis of third country supervisory frameworks as the EU continues to build towards the completion of Capital Markets Union; calls, in this respect, for the relevant ESAs to that ofve 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 capacity and powers to collect, collate and analyse data; recalls the importance of close cooperation between ESAs and National Competent Authorities (NCAs) in order to share best practice concerning regulatory cooperation and activities with third countries;
2018/05/04
Committee: ECON
Amendment 2 #

2017/2226(INI)

Motion for a resolution
Citation 15 a (new)
- having regard to the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union;
2018/01/17
Committee: ECON
Amendment 22 #

2017/2226(INI)

Motion for a resolution
Recital B a (new)
B a. whereas according to the debt sustainability analysis done by the Commission the aggregate public debt is projected to decrease slightly under 85 % of GDP by mid-2020, it is under the same scenario projected to increase again in the second half of the 2020 due to the costs of ageing resulting in public debt levels far above 60 % of GDP for the foreseeable future, while these public debt developments vary significantly across member states, due to a different composition of the population and a wide variance in the implementation of structural reforms;
2018/01/17
Committee: ECON
Amendment 26 #

2017/2226(INI)

Motion for a resolution
Recital B b (new)
B b. whereas the size of government debt can be affected both by contingent and implicit liabilities;
2018/01/17
Committee: ECON
Amendment 36 #

2017/2226(INI)

Motion for a resolution
Recital C a (new)
C a. whereas according to Eurobarometer EU companies, particularly small and young ones, have a rather negative opinion of the quality of public administration and the ease of formalities linked to running a business;
2018/01/17
Committee: ECON
Amendment 53 #

2017/2226(INI)

Motion for a resolution
Recital E
E. whereas both employment and unemployment rates are still higher than in 2008; whereas hidden unemployment (unemployed, willing to work, but not actively searching for employment) stood at 20 % in 2016; whereas very substantial differences persists in many Member States and employment rates have still some way to go to recover from the crisis notably also to attain the Europe 2020 national targets;
2018/01/17
Committee: ECON
Amendment 65 #

2017/2226(INI)

Motion for a resolution
Recital F a (new)
F a. whereas the free movement of people, goods, services and capital is the cornerstone of the sustainable economic growth in the European Union´s Single Market;
2018/01/17
Committee: ECON
Amendment 79 #

2017/2226(INI)

Motion for a resolution
Paragraph 1
1. Takes note of the publication of the 2018 Annual Growth Survey (AGS) package and the proposed policy mix of investment, structural reform and fiscal consolidation, presented as a way to further promote higher growth levels and to strengthen European recovery and upward convergence; is optimistic that if Member States accelerate the implementation of structural reforms to modernise their economies and sustain sound public finances the objectives of increased growth and job creation can be achieved;
2018/01/17
Committee: ECON
Amendment 88 #

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 in some Member States; is concerned that the EU will embark on a path of low growth for a long time if it does not tackle the structural problems in the internal market;
2018/01/17
Committee: ECON
Amendment 107 #

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 issudevelopments in line with productivity; points out the need to focus on the interaction between monetary, fiscal and structural policies to be prepared for an environment of phasing out of unconventional monetary policy measures and rising interest rates;
2018/01/17
Committee: ECON
Amendment 126 #

2017/2226(INI)

Motion for a resolution
Paragraph 4
4. Welcomes the improvements in public finances, in particular the gradually declining debt/GDP ratiopublic debt levels for the EU and euro area and falling headline budget deficits; recalls that, while many Member States have limited fiscal leeway forcautions against too much optimism as the costs of ageing may lead to an increase in public debt levels in the medium-term; recalls that Member States need to implementing sustainable, growth- friendly structural reforms, some Member States still have large surpluses which should be used to sustain investments and growth across the EU to sustain sound public finances in the medium to long term and to create the conditions for investments and growth across the EU; calls on the Commission to broaden its debt sustainability analysis of Member States by including contingent, implicit and other off-budget obligations, and make them public;
2018/01/17
Committee: ECON
Amendment 152 #

2017/2226(INI)

Motion for a resolution
Paragraph 5
5. Recalls the importance of publicabolishing barriers to 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 EUconcretely address barriers to investment such as rigidities in labour and product markets, high administrative and tax burden, and inefficient public administration; highlights that this decrease also affects local and regional authorities, threatening their ability to deliver quality public services;
2018/01/17
Committee: ECON
Amendment 166 #

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 177 #

2017/2226(INI)

Motion for a resolution
Paragraph 7
7. Underlines that the European Semester and the Country-Specific Recommendations should achieve the objectives set out in the Pillar of Social Rightsbe fully implemented; recalls that over the past years around 50 % of CSRs have not been implemented or only with limited progress while full implementation is below 10 %;
2018/01/17
Committee: ECON
Amendment 190 #

2017/2226(INI)

Motion for a resolution
Paragraph 7 a (new)
7 a. Considers that, as a consequence of the non-binding character of Country- Specific Recommendations regarding structural reforms, responsibility for the consequences of non-implementation remains with the Member States; takes the view that the sharing of the burden of the consequences is conditional to the implementation of the Country-Specific Recommendations;
2018/01/17
Committee: ECON
Amendment 200 #

2017/2226(INI)

Motion for a resolution
Paragraph 8
8. Insists on the need to develop within the European semester a comprehensive strategy to support investment that enhances environmental sustainability; recalls on the Commission, in this respect, to demonstrate how its statement that ‘the SDGs are now fully integrated importance of credible fiscal rules for regaining the Semester’ (Commission communication of 22 May 2017, COM(2017)0500) is reflected in Annual Growth Survey 2018 and will be reflected in the subsequent Semester procesrust of financial markets, which is fundamental to attract investments;
2018/01/17
Committee: ECON
Amendment 208 #

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 finance and reverse the current fall in capital income taxationgovernment revenues; supports the Commission’s initiatives to achieve increased transparency, and a reformed VAT system and a common consolidated corporate tax base; welcomes efforts on the international level to fight tax avoidance; notes that improving effectiveness of national tax systems can increase government revenues significantly;
2018/01/17
Committee: ECON
Amendment 232 #

2017/2226(INI)

Motion for a resolution
Paragraph 10
10. Regrets thatNotes 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; stresses the importance of independent fiscal surveillance by national fiscal councils;
2018/01/17
Committee: ECON
Amendment 264 #

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 role in facilitating the integration of migrants and preventing them from suffering from labour abuse;deleted
2018/01/17
Committee: ECON
Amendment 279 #

2017/2226(INI)

Motion for a resolution
Paragraph 14
14. Considers that the tools availabproper enforcement of EU fiscal rules and Single Mare not yet equal to the task of fullyket legislation would significantly improve addressing the EU’s cyclical and structural problems, in particular the need to strengthen inclusive growth and productivity, to boost job creation, promote convergence, support sustainable investments and enhance resilience to shocks;
2018/01/17
Committee: ECON
Amendment 292 #

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 – representresilient economy and sound public finances with adequate buffers to deal with cyclical downturns are necessary tool for increasing incentives for convergence ands to counter asymmetric or symmetric economic shocks;
2018/01/17
Committee: ECON
Amendment 306 #

2017/2226(INI)

Motion for a resolution
Paragraph 16
16. Is concerned that gaps and discrimination on the labour market remain high throughout the European Union, contributing to differences in remuneration, retirement, participation in decision-making and wealth between men and women; stresses the importance of preserving high standards in relation to the quality of the proposed employment;deleted
2018/01/17
Committee: ECON
Amendment 324 #

2017/2226(INI)

Motion for a resolution
Paragraph 17
17. Calls for the completion of the Banking Union, ioncluding a credible European deposit-insurance scheme and a common fiscal backstope adequate risk reduction measures have been implemented;
2018/01/17
Committee: ECON
Amendment 342 #

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 implewhich would allow for a proper enforcement process of the fiscal and economic policy recommentdation 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 stances; stresses the need for prudent fiscal policies in anticipation of rising interest rates;
2018/01/17
Committee: ECON
Amendment 362 #

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 negotiationconsult the social partners in the process at both national and European level; urges the launch of the long- awaited negotiation of an interinstitutional agreement (IIA) on the Semester;
2018/01/17
Committee: ECON
Amendment 87 #

2017/2072(INI)

Motion for a resolution
Subheading –1 (new)
Introduction
2017/11/24
Committee: ECON
Amendment 88 #

2017/2072(INI)

Motion for a resolution
Paragraph –1 (new)
-1. Considers that, even though improvements are desirable notably in terms of communication and transparency, the Banking Union remains a very positive and fundamental change for the Member States having the euro;encourages all Member States that have not yet adopted the euro to take all necessary steps to do so, or to join the BU, in order to progressively align the BU with the entire internal market; Or. en ((This paragraph should go under the new heading "Introduction"))
2017/11/24
Committee: ECON
Amendment 89 #

2017/2072(INI)

Motion for a resolution
Paragraph –1 a (new)
-1 a. Recalls that the Banking Union should be recognised as a single jurisdiction; Or. en ((This paragraph should go under the new heading "Introduction"))
2017/11/24
Committee: ECON
Amendment 90 #

2017/2072(INI)

Motion for a resolution
Paragraph –1 b (new)
-1 b. Calls on the Commission to use regulation as the legislative tool when proposing banking legislation; Or. en ((This paragraph should go under the new heading "Introduction"))
2017/11/24
Committee: ECON
Amendment 139 #

2017/2072(INI)

Motion for a resolution
Paragraph 3
3. Reiterates its concerns 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 the legacy of 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; recalls the necessity for the Commission and Member States to improve and harmonise where necessary the insolvency framework; _________________ 4 Commission communication on completing the Banking Union, 11 October 2017, p. 15 (COM(2017)0592).
2017/11/24
Committee: ECON
Amendment 199 #

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; and to safeguard an appropriate level of supervision; welcomes the steps proposed by the Commission to foster integration and remove obstacles to cross- border consolidation in the EU banking sector, desirable to address the challenge of low-profitability and to increase resilience through diversification of type of assets and location of these assets;
2017/11/24
Committee: ECON
Amendment 221 #

2017/2072(INI)

Motion for a resolution
Paragraph 8
8. Welcomes the work done by the EBA and ESMA on promoting supervisory convergence in the context of the UK’s withdrawal from the EU with a view to limiting the development of regulatory and supervisory arbitrage risks; believes that, in order to preserve financial stability, a new supervisory cooperation model should be developed between the EU and the UK;deleted
2017/11/24
Committee: ECON
Amendment 232 #

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 239 #

2017/2072(INI)

Motion for a resolution
Paragraph 10 a (new)
10a. Underlines that the safety and soundness of a bank cannot be captured by a point-in-time assessment of its balance sheet alone, as they are ensured through dynamic interactions between the bank and the markets, and affected by various elements in the entire economy; underlines, therefore, that a sound framework for financial stability and growth should be comprehensive and balanced so as to cover dynamic supervisory practices and not focus merely on static regulation with mainly quantitative aspects;
2017/11/24
Committee: ECON
Amendment 246 #

2017/2072(INI)

Motion for a resolution
Paragraph 10 b (new)
10b. Stresses that managing cyber security is first and foremost banks’ own responsibility; recognises the SSM work to address cyber security through various angles; calls however on the SSM to increase its efforts and to make it formally one of its high-level priorities;
2017/11/24
Committee: ECON
Amendment 263 #

2017/2072(INI)

Motion for a resolution
Paragraph 11
11. Is concerned about the high number ofTakes note of the legal applications lodged before the General Court of the EU in relation to the Banco Popular Español S.A. case; asks the Commission to assess whether this could endanger the effectivenessmonitor the impact ofn the new resolution regime; calls on the SRB and the Commission to provide more transparency in future resolution decisions in order to enable stakeholders to better understand ex ante the resolution regime;
2017/11/24
Committee: ECON
Amendment 274 #

2017/2072(INI)

Motion for a resolution
Paragraph 12
12. Notes that, while the concern about the mismatch between state aid rules and Union legislation as expressed in the previous report5 related to the ability of deposit guarantee schemes (DGSs) to participate in resolution as provided for in the BRRD and DGSD, the 2017 banking cases brought to light other areas of mismatch, in particular the possibility for Member States to avoid being subject to the discipline of the BRRD by paying ‘liquidation aid’raise question in terms of transparency and communication; considers that any public support, as provided by BRRD, should be conditional to the implementation of remedial actions at the Member States level or bank specific; _________________ 5 European Parliament, Resolution of 15 February 2017 on ‘Banking Union – Annual Report 2016’, paragraph 38.
2017/11/24
Committee: ECON
Amendment 302 #

2017/2072(INI)

Motion for a resolution
Paragraph 15
15. Welcomes the progress made iagreement on 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 314 #

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- resolutionneed to harmonize the moratoriuma tools in the BRRD taking into account the global practices;
2017/11/24
Committee: ECON
Amendment 342 #

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 agreed target level of 0.8 % of covered deposits by 3 July 2024;
2017/11/24
Committee: ECON
Amendment 348 #

2017/2072(INI)

Motion for a resolution
Paragraph 20
20. Asks the Commission to shed light on the applications for a target level lower than 0.8 % of covered deposits as received and approved by it in accordance with Article 10(6) of the DGSD; draws attention toof options and national discretions on coverage and pay out procedure, contributions and available means, DGS competence, phase-in, scope and membership, use of means and their implications ofn the availability of such an exception for the potential design of an EDISinternal market as well as on the third pillar of the Banking Union;
2017/11/24
Committee: ECON
Amendment 357 #

2017/2072(INI)

Motion for a resolution
Paragraph 21
21. Recalls that deposit protection is a common concern for all EU citizens and therefore recalls that the Banking Union is open to all Member States; 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;
2017/11/24
Committee: ECON
Amendment 377 #

2017/2072(INI)

Motion for a resolution
Paragraph 22
22. Notes the potential benefits and the likely risks related to the introduction of an EDISat whatever the final design of the third pillar it can only be beneficial if it allows a uniform level of safety to be reached for depositors across the Banking Union through a reduction of overall and local risks; considers, therefore,at risk reduction measures to be essential building blocks laying the foundations for an EDISare per se beneficial for the EU;
2017/11/24
Committee: ECON
Amendment 37 #

2017/0359(COD)

Proposal for a regulation
Recital 5
(5) Many of the requirements that stem from Regulation (EU) No 575/2013 and Directive 2013/36/EU framework are designed to address common risks faced by credit institutions. Accordingly, the existing requirements are largely calibrated to preserve the lending capacity of credit institutions through economic cycles and to protect depositors and taxpayers from possible failure, and are not designed to address the different risk-profiles of investment firms. Investment firms do not have large portfolios of retail and corporate loans and do not take deposits. The likelihood that their failure can have detrimental impacts for overall financial stability is lower than in the case of credit institutions. The risks faced and posed by some investment firms are thus substantially different to the risks faced and posed by credit institutions and such difference should be clearly reflected in the prudential framework of the Union.
2018/06/05
Committee: ECON
Amendment 87 #

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point a
(a) AUM (or assets under management) calculated in accordance with Article 17 is less than EUR 1.2 billion;
2018/06/05
Committee: ECON
Amendment 93 #

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point c
(c) ASA (or assets safeguarded and administered) calculated in accordance with Article 19 is zeroEUR 50 million;
2018/06/05
Committee: ECON
Amendment 95 #

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point d
(d) CMH (or client money held) calculated in accordance with Article 18 is zeroEUR 5 million;
2018/06/05
Committee: ECON
Amendment 103 #

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point f
(f) NPR (net position risk) or CMG (clearing member guarantee) calculated in accordance with Articles 22 and 23 is zeroEUR 5 million;
2018/06/05
Committee: ECON
Amendment 105 #

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 a (new)
1a. An investment firm dealing on own account shall be deemed a small and non-interconnected investment firm for the purposes of this Regulation for a period of no more than three years, as long as it employs less than 50 persons (full time equivalent) and where the fixed overhead requirement calculated in accordance with Article 13 does not exceed EUR 3.5 million.
2018/06/05
Committee: ECON
Amendment 112 #

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 5
5. In order to take account of developments in financial markets, the Commission shall be empowered to adopt delegated acts in accordance with Article 54 in order to adjust the conditions for investment firms to qualify as small and non-interconnected firms in accordance with this Article.deleted
2018/06/05
Committee: ECON
Amendment 130 #

2017/0359(COD)

Proposal for a regulation
Article 18 – paragraph 1 – subparagraph 1
For the purposes of calculating K-CMH, CMH shall be the rolling average of the value of total daily client money held, measured at the end of each business day for the previous 312 calendar months.
2018/06/05
Committee: ECON
Amendment 133 #

2017/0359(COD)

Proposal for a regulation
Article 18 – paragraph 1 – subparagraph 2
CMH shall be the average or simple arithmetic mean of the daily measurements in the 312 calendar months.
2018/06/05
Committee: ECON
Amendment 136 #

2017/0359(COD)

Proposal for a regulation
Article 18 – paragraph 2 – introductory part
2. Where an investment firm has been holding client money for less than 312 months, it may use business projections to calculate K-CMH, subject to the following cumulative requirements:
2018/06/05
Committee: ECON
Amendment 147 #

2017/0359(COD)

Proposal for a regulation
Article 21 – paragraph 1
The RtM K-factor requirement for the trading book positions of an investment firm dealing on own account, whether for itself or on behalf of a client shall be the higher ofeither K-NPR calculated in accordance with Article 22 or K-CMG calculated in accordance with Article 23.
2018/06/05
Committee: ECON
Amendment 197 #

2017/0359(COD)

Proposal for a regulation
Article 32 – paragraph 1 – subparagraph 2
DTF shall be the average or simple arithmetic mean of the daily measurements for the remaining 3 calendar months, excluding the twenty days with the lowest trading flow and the twenty days with the highest trading flow. K-DTF shall also not exceed an amount equal to six months of the fixed overhead requirement, as calculated under the provisions laid out in Article 13.
2018/06/05
Committee: ECON
Amendment 201 #

2017/0359(COD)

Proposal for a regulation
Article 32 – paragraph 2 – introductory part
2. DTF shall be measured as the sum of the absolute value of buys and the absolute value sells for both cash trades and derivatives in accordance with the following:. ESMA shall develop draft regulatory technical standards specifying the calculation method for determining the absolute value of buys and sells taking into account the specifics of each asset class to enable a DTF measurement that is proportionate to the activities of each investment firm. ESMA shall submit those draft regulatory technical standards to the Commission by (insert date 9 months after entry into force of this regulation). Power is delegated to the Commission to adopt the regulatory technical standards referred to in the second subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
2018/06/05
Committee: ECON
Amendment 202 #

2017/0359(COD)

Proposal for a regulation
Article 32 – paragraph 2 – point a
(a) for cash trades, the value is the amount paid or received on each trade.deleted
2018/06/05
Committee: ECON
Amendment 203 #

2017/0359(COD)

Proposal for a regulation
Article 32 – paragraph 2 – point b
(b) for derivatives, the value of the trade is the notional amount of the contract.deleted
2018/06/05
Committee: ECON
Amendment 327 #

2017/0359(COD)

Proposal for a regulation
Article 61 – paragraph 1 – point 2 – point c a (new)
Regulation (EU) No 600/2014
Article 47 – paragraph 5 a (new)
(ca) the following paragraph is added: “5a. The Commission shall make ad hoc assessments of equivalence provisions based on reasoned requests from the European Parliament, the Council, ESMA and where relevant the ECB, NCAs and the ESRB.’’
2018/06/05
Committee: ECON
Amendment 15 #

2017/0358(COD)

Proposal for a directive
Recital 4
(4) Many of the requirements that stem from Regulation (EU) No 575/2013 and Directive 2013/36/EU framework are designed to address common risks faced by credit institutions. Accordingly, the existing requirements are largely calibrated to preserve the lending capacity of credit institutions through economic cycles and to protect depositors and taxpayers from possible failure, and are not designed to address the different risk-profiles of investment firms. Investment firms do not have large portfolios of retail and corporate loans and do not take deposits. The likelihood that their failure can have detrimental impacts for overall financial stability is lower than in the case of credit institutions. The risks faced and posed by some investment firms are thus substantially different to the risks faced and posed by credit institutions and such difference should be clearly reflected in the prudential framework of the Union.
2018/06/04
Committee: ECON
Amendment 16 #

2017/0358(COD)

Proposal for a directive
Recital 7
(7) There may be Member States in which the authorities competent for the prudential supervision of investment firms are different from the authorities that are competent for the supervision of market conduct. It is therefore necessary to create a mechanism ofto ensure cooperation and exchange of information between those authorities.
2018/06/04
Committee: ECON
Amendment 26 #

2017/0358(COD)

Proposal for a directive
Recital 24
(24) In response to the growing public demand for tax transparency and to promote investment firms’ corporate responsibility, it is appropriate to require that investment firms disclose certain information, including information on profits made, taxes paid and any public subsidies receivdeleted.
2018/06/04
Committee: ECON
Amendment 34 #

2017/0358(COD)

Proposal for a directive
Article 4 – paragraph 4
4. Member States shall ensure that the competent authorities have the expertise, resources, operational capacity, powers and political independence necessary to carry out the functions relating to the prudential supervision, investigations and penalties set out in this Directive.
2018/06/04
Committee: ECON
Amendment 35 #

2017/0358(COD)

Proposal for a directive
Article 5 – paragraph 1
1. Competent authorities shall cooperate closely with the public authorities or bodies responsible in their Member State for the supervision of credit institutions and financial institutions. Member States shall require that those competent authorities and those public authorities or bodies exchange, without delay, any information which is essential or relevant to the exercise of their functions and duties.
2018/06/04
Committee: ECON
Amendment 36 #

2017/0358(COD)

Proposal for a directive
Article 7 – paragraph 1
Competent authorities in each Member State shall, in the exercise of their general duties, duly consider the potential impact of their decisions on the stability of the financial system in the other Member States concerned as well as for the Union as a whole and, in particular, in emergency situations, based on the information available at the relevant time.
2018/06/04
Committee: ECON
Amendment 39 #

2017/0358(COD)

Proposal for a directive
Article 11 – paragraph 6 – subparagraph 1
EBA, in consultlose cooperation with ESMA, shall develop draft regulatory technical standards to specify requirements for the type and nature of the information referred to in paragraphs 1 and 2 of this Article.
2018/06/04
Committee: ECON
Amendment 40 #

2017/0358(COD)

Proposal for a directive
Article 11 – paragraph 7 – subparagraph 1
EBA, in consultlose cooperation with ESMA, shall develop draft implementing technical standards to establish standard forms, templates and procedures for the information sharing requirements which are likely to facilitate the supervision of investment firms.
2018/06/04
Committee: ECON
Amendment 43 #

2017/0358(COD)

Proposal for a directive
Article 16 – paragraph 1 – subparagraph 3
The administrative penalties and other administrative measures shall be effective, proportionate and dissuasive and shall as far as possible be at levels comparable to the ones in other Member States.
2018/06/04
Committee: ECON
Amendment 52 #

2017/0358(COD)

Proposal for a directive
Article 20 – paragraph 1 – introductory part
1. Member States shall ensure that competent authorities establish effective and reliable mechanisms to, without delay, report potential or actual breaches of national provisions transposing this Directive and of [Regulation (EU) ---/---- [IFR], including the following:
2018/06/04
Committee: ECON
Amendment 60 #

2017/0358(COD)

Proposal for a directive
Article 23 – paragraph 6 – subparagraph 1
EBA, in consultlose cooperation with ESMA, shall develop draft regulatory technical standards to specify the method for calculating the average referred to in paragraph 1(b) of this Article. EBA shall submit those draft regulatory technical standards to the Commission by [date of entry into force of this Directive].
2018/06/04
Committee: ECON
Amendment 63 #

2017/0358(COD)

Proposal for a directive
Article 24 – paragraph 4
4. EBA, in consultlose cooperation with ESMA, shall issue guidelines on the application of the governance arrangements referred to in paragraph 1.
2018/06/04
Committee: ECON
Amendment 64 #

2017/0358(COD)

Proposal for a directive
Article 25 – paragraph 1
1. Member States shall require investment firms to disclose by Member State and by third country in which the investment firm has a branch or a subsidiary that is a financial institution adeleted the name, nature of activities and the turnover; the number of employees on a full the profit or loss dbefined in Article 4(1)(26) of Regulation (EU) No 575/2013, the following information on an annual basis: (a) location of anyore tax; the tax on profit or loss; the public subsidiaries and branches; (b) (c) time equivalent basis; (d) (e) (f)received.
2018/06/04
Committee: ECON
Amendment 78 #

2017/0358(COD)

Proposal for a directive
Article 25 – paragraph 2
2. The information referred to in paragraph 1 shall be audited in accordance with Directive 2006/43/EC and, where possible, shall be annexed to the annual financial statements or, where applicable, to the consolidated financial statements of that investment firm.deleted
2018/06/04
Committee: ECON
Amendment 100 #

2017/0358(COD)

Proposal for a directive
Article 28 – paragraph 4 – subparagraph 1
EBA, in consultlose cooperation with ESMA, shall develop draft regulatory technical standards to specify appropriate criteria to identify the categories of individuals whose professional activities have a material impact on the investment firm’s risk profile as referred to in paragraph 1.
2018/06/04
Committee: ECON
Amendment 127 #

2017/0358(COD)

Proposal for a directive
Article 30 – paragraph 6 – subparagraph 1
EBA, in consultlose cooperation with ESMA, shall develop draft regulatory technical standards to specify the classes of instruments that satisfy the conditions set out in paragraph 1(j)(3).
2018/06/04
Committee: ECON
Amendment 131 #

2017/0358(COD)

Proposal for a directive
Article 30 – paragraph 7
7. EBA, in consultlose cooperation with ESMA, shall adopt guidelines facilitating the implementation of paragraph 4 and ensuring its consistent application.
2018/06/04
Committee: ECON
Amendment 139 #

2017/0358(COD)

Proposal for a directive
Article 32 – paragraph 3
3. EBA, in consultlose cooperation with ESMA, shall issue guidelines on the application of sound remuneration policies. Those guidelines shall take into account at least the requirements referred to in Articles 28 to 31 and principles on sound remuneration policies set out in Commission Recommendation 2009/384/EC43. _________________ 43 Commission Recommendation 2009/384/EC of 30 April 2009 on remuneration policies in the financial services sector (OJ L 120, 15.5.2009, p. 22).
2018/06/04
Committee: ECON
Amendment 140 #

2017/0358(COD)

Proposal for a directive
Article 32 – paragraph 4
4. Member States shall ensure that investment firms provide competent authorities, where requested, with information on the number of natural persons per investment firm that are remunerated EUR 1 million or more per financial year, in pay brackets of EUR 1 million, including information on their job responsibilities, the business area involved and the main elements of salary, bonus, long-term award and pension contribution. Competent authorities shall forward that information to EBA, which shall publish it on an aggregate home Member State basis in a common reporting format. EBA, in consultlose cooperation with ESMA, may elaborate guidelines to facilitate the implementation of this paragraph and to ensure the consistency of the information collected.
2018/06/04
Committee: ECON
Amendment 174 #

2017/0358(COD)

Proposal for a directive
Article 37 – paragraph 6 – subparagraph 1 – introductory part
EBA, in consultlose cooperation with ESMA, shall develop draft regulatory technical standards to specify 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:
2018/06/04
Committee: ECON
Amendment 183 #

2017/0358(COD)

Proposal for a directive
Article 44 – paragraph 8 – subparagraph 1
EBA shall, in consultlose cooperation with ESMA, develop draft regulatory technical standards to further specify the conditions under which the colleges of supervisors exercise their tasks referred to in paragraph 1.
2018/06/04
Committee: ECON
Amendment 14 #

2017/0335(CNS)

Proposal for a directive
Recital 1
(1) The Treaty on the Functioning of the European Union (TFEU) requires that Member States regard their economic policies as a matter of common concern, that their budgetary policies are guided by the need for sound public finances and that their economic policies do not risk jeopardising the proper functioning of economic and monetary union. This requires Member States to have a budgetary position in balance or in surplus over the medium term .
2018/10/18
Committee: ECON
Amendment 15 #

2017/0335(CNS)

Proposal for a directive
Recital 3
(3) In order to encouragWith the aim to ensure Member States' full compliance with obligations under the TFEU in the area of budgetary policy, detailed rules concerning the characteristics of the budgetary frameworks of the Member States were laid down in the Council Directive 2011/85/EU.16 _________________ 16 Council Directive 2011/85/EU of 8 November 2011 on requirements for budgetary frameworks of the Member States (OJ L 306, 23.11.2011, p. 41).
2018/10/18
Committee: ECON
Amendment 18 #

2017/0335(CNS)

Proposal for a directive
Recital 6
(6) In order to maintain sound and sustainable public finances and to avoid excessive government deficits as required by the TFEU, while at the same time improving the resilience of the euro area as a whole, there should be specific provisions in the national law of the Member States whose currency is the euro to strengthen their fiscal responsibility and their medium-term budgetary orientation beyond the provisions of Directive 2011/85/EU and to ensure their full compliance with EU fiscal rules.
2018/10/18
Committee: ECON
Amendment 21 #

2017/0335(CNS)

Proposal for a directive
Recital 7
(7) Since the economic and financial crisis has left a number of Member States with a legacy of high, unsustainable public debt, a framework of numerical fiscal rules specific to each Member State and which aim at strengthening its responsible conduct of fiscal policy while effectively promotensuring compliance with EU fiscal rules including the budgetary obligations deriving from the TFEU is instrumental in ensuring convergence of public debt to prudent levels. Such a framework should operate in particular by setting a medium- term objective in terms of structural balance that is binding on the national budgetary authorities and their annual decisions. Medium-term objectives for the budgetary position allow the different public-debt-to-GDP ratios and sustainability risks of Member States to be taken into account, anchoring debt developments towards the reference value set out in Article 1 of Protocol No 12 on the excessive deficit procedure annexed to the Treaty on European Union and to the TFEU.
2018/10/18
Committee: ECON
Amendment 27 #

2017/0335(CNS)

Proposal for a directive
Recital 9
(9) Due to their future positive effects, the implementation of major structural reforms fostering long-run sustainability could justify changes in the adjustment path towards the medium-term objective, provided that they have a verifiable positive budgetary impact which is confirmed by the assessment conducted according to the procedural requirements of the SGP. In order to facilitate economic stabilisation, exceptional circumstances – in the form of severe economic downturns for the euro area or the Union as a whole or unusual events outside the control of the Member State concerned which have a major budgetary impact – should allow for a temporary deviation from the medium- term objective or the adjustment path towards it, where such a deviation does not risk endangering fiscal sustainability in the medium-term.
2018/10/18
Committee: ECON
Amendment 35 #

2017/0335(CNS)

Proposal for a directive
Recital 12
(12) Strengthened national fiscal responsibility and a binding multi-annual orientation of fiscal policy requires fiscal institutions to be independent and have their own and sufficient resources for actively monitoring fiscal developments and providing recommendations throughout the medium- term bugdgetary cycle, including in particular where a significant deviation from the medium-term objective or the adjustment path towards is observed. In order to boost the credibility and enforceability of the medium-term objective, its underlying government expenditure path and the related correction mechanism in case of significant deviations, the budgetary authorities of the Member States should comply with the recommendations put forward in the assessments of the independent bodies or publicly justify the decision not to fully comply with them. Anchoring that principle in the national legal order can play ais crucial role in that respect.
2018/10/18
Committee: ECON
Amendment 36 #

2017/0335(CNS)

Proposal for a directive
Recital 12 a (new)
(12a) To enhance fiscal surveillance, to strengthen the credibility of fiscal policy and to foster economic convergence, the Commission should assess the possibility to strengthen the role and the independence of the European Fiscal Board. An independent European Fiscal Board could be tasked with preparing independent economic and fiscal forecasts and the preparation of country reports.
2018/10/18
Committee: ECON
Amendment 38 #

2017/0335(CNS)

Proposal for a directive
Recital 14
(14) The European Council on 19 October 2012 concluded that the process towards deeper economic and monetary union should build on the Union institutional and legal framework and be characterised by openness and transparency towards Member States with a permanent exception or those whose currency is not yet the euro. National measures to strengthen fiscal responsibility in those Member States would facilitate their adoption of the euro and therefore the mechanisms established by this Directive should be open to all Member States wishing to participat, making their economies more resilient and improve their long term growth potential and therefore all Member States should be encouraged to comply with this Directive. Therefore, provision should be made for this Directive to be applicable to Member States with a permanent exception or those whose currency is not yet the euro where those Member States so decide.
2018/10/18
Committee: ECON
Amendment 40 #

2017/0335(CNS)

Proposal for a directive
Article 1 – paragraph 1
1. This Directive lays down provisions for strengthening fiscal responsibility and the medium-term budgetary orientation in the Member States to ensure full compliance with obligations relating to the avoidance of excessive government deficits.
2018/10/18
Committee: ECON
Amendment 87 #

2017/0335(CNS)

Proposal for a directive
Article 5 – paragraph 1 a (new)
The Commission shall assess the possibility to strengthen the role and the independence of the European Fiscal Board in a report presented to the European Parliament and the Council by 30 June 2020, and, if appropriate, accompany this report with a legislative proposal.
2018/10/18
Committee: ECON
Amendment 53 #

2017/0291(COD)

Proposal for a directive
Recital 5 a (new)
(5a) Technological neutrality should be the principle guiding the decarbonisation of transport in the Union. This will guarantee a level playing field between the different types of low-emission and clean mobility technologies, stimulate a competitive environment and encourage further innovation in this field. In this regard, this Directive should be aligned with Directive 2014/94/EU, which requires Member States to develop national policy frameworks for the market development of alternative fuels and their infrastructure1a, as well as with Directive 2009/28/EC 1b, which is currently under revision. Moreover, this will give national, regional and local authorities the flexibility to define their own path towards decarbonisation depending on local specificities such as natural resources, financial capacities, infrastructure, etc. __________________ 1a Directive 2014/94/EU of the European Parliament and of the Council of 22 October 2014 on the deployment of alternative fuels infrastructure 1bDirective 2009/28/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC
2018/05/04
Committee: ITRE
Amendment 54 #

2017/0291(COD)

Proposal for a directive
Recital 8
(8) The Impact Assessment carried out underlines the benefits of changing the overall governance approach to clean vehicle procurement at Union level. Setting minimum procurement targets can effectively reach the objective of impacting market uptake of clean vehicles in comparison to relying on the internalisation of external cost into overall procurement decisions, while noting the relevance to consider environmental aspects in all procurement decisions. The medium and long-term benefits for European citizens and enterprises fully justify this approach insofar as it does not prescribe a specific technology to use for contracting authorities, entities and operators. In fact, a technology-neutral approach will incentivise a diverse and competitive market in low-emission and clean mobility technologies.
2018/05/04
Committee: ITRE
Amendment 60 #

2017/0291(COD)

Proposal for a directive
Recital 11
(11) Light-duty and heavy-duty vehicles are used for different purposes and have different levels of market maturity, and it would be beneficial that public procurement provisions acknowledge these differences. The Impact Assessment illustrated the added value of adopting an approach based on alternative fuels until technology-neutral requirements for CO2 emissions from heavy-duty vehicles have been set at Union level, which the Commission intends to propose in the future. The Impact Assessment further recognised that markets for low- and zero- emission urban buses are characterised by increased market maturity, whereas markets for low- and zero-emission trucks are at an earlier stage of market development.
2018/05/04
Committee: ITRE
Amendment 62 #

2017/0291(COD)

Proposal for a directive
Recital 12
(12) Setting minimum targets for clean vehicle procurement by 2025 and 2030 at Member State level should contribute to policy certainty for markets where investments in low- and zero-emission mobility are warranted. The minimum targets support market creation throughout the Union and should therefore remain technology-open in order to create a level- playing field between the different technologies available. They provide time for the adjustment of public procurement processes and give a clear market signal. The Impact Assessment notes that Member States increasingly set targets, depending on their economic capacity and how serious the problem is. Different targets should be set for different Member States in accordance with their economic capacity (Gross Domestic Product per capita) and exposure to pollution (urban population density). Minimum procurement targets should be complemented by the obligation of the contracting authorities, entities and operators to consider relevant energy and environmental aspects in all their procurement procedures. The Territorial Impact Assessment of this amended Directive illustrated that the impact will be evenly distributed among regions in the Union.
2018/05/04
Committee: ITRE
Amendment 326 #

2017/0230(COD)

Proposal for a regulation
Recital 54 a (new)
(54a) Data used for regulated data benchmarks should be sourced either directly from a trading venue or from an approved reporting mechanism or from an intermediary, as long as this intermediary enjoys no discretion to alter the input data.
2018/09/11
Committee: ECON
Amendment 1142 #

2017/0230(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point -1 a (new)
Regulation (EU) No 2016/1011
Article 3 – paragraph 1 – point 24 – point a – introductory part
(1 a) In Article 3, paragraph 1, point (24), point (a), the introductory part is amended as follows: "(a) input data contributed entirely and directly from:"
2018/09/19
Committee: ECON
Amendment 1143 #

2017/0230(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point -1 b (new)
Regulation (EU) No 2016/1011
Article 3 – paragraph 1 – point 24 – point a – introductory part
(-1 b) In Article 3, paragraph 1, point (24), point (a), point (vii) is amended as follows: “(vii) a service provider to which the benchmark administrator has outsourced the data collection in accordance with Article 10, with the exception of Article 10(3)(f), provided that the service provider receives the data entirely and directly from an entity referred to in points (i) to (vi);
2018/09/19
Committee: ECON
Amendment 1159 #

2017/0230(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point 12
Regulation (EU) No 2016/1011
article 40 – paragraph 1 – point c
(c) the process of approving an endorsement application by administrators or other supervised entities that apply for the endorsement or havin accordance with Article 33. Following the admission of the endorsed a benchmark provided in a third country in accordance with Article 33s to the public register under Article 36c only ESMA shall be responsible for the supervision of the endorsed benchmarks;
2018/09/19
Committee: ECON
Amendment 1163 #

2017/0230(COD)

Proposal for a regulation
Article 8 – paragraph 1 – point 19 a (new)
Regulation (EU) No 2016/1011
Article 51 – paragraph 4 a (new)
(19 a) In Article 51, the following paragraph is inserted: "4a. An existing benchmark designated as critical by an implementing act adopted by the Commission in accordance with Article 20 that does not meet the requirements to obtain an authorisation in accordance with Article 34 of this Regulation by 1 January 2020 may, if its discontinuation affects the continuity of contracts that reference it, be used until 31 December 2021.";
2018/09/19
Committee: ECON
Amendment 105 #

2017/0225(COD)

Proposal for a regulation
Recital 5 a (new)
(5 a) Businesses as well as individual consumers should have accurate information regarding the level of security of their ICT products. At the same time, it has to be understood that no product is cyber secure and that basic rules of cyber hygiene have to be promoted and prioritized.
2018/04/30
Committee: ITRE
Amendment 108 #

2017/0225(COD)

Proposal for a regulation
Recital 8
(8) It is recognised that, since the adoption of the 2013 EU Cybersecurity Strategy and the last revision of the Agency's mandate, the overall policy context has changed significantly, also in relation to a more uncertain and less secure global environment. In this context and in the context of the positive role the Agency has played over the years in pooling of expertise, coordination, capacity building and within the framework of the new Union cybersecurity policy, it is necessary to review the mandate of ENISA to define its role in the changed cybersecurity ecosystem and ensure it contributes effectively to the Union's response to cybersecurity challenges emanating from this radically transformed threat landscape, for which, as recognised by the evaluation of the Agency, the current mandate is not sufficient.
2018/04/30
Committee: ITRE
Amendment 116 #

2017/0225(COD)

Proposal for a regulation
Recital 15
(15) The Agency should assist the Member States and Union institutions, bodies, offices and agencies in their efforts to build and enhance capabilities and preparedness to prevent, detect and respond to cybersecurity problems and incidents and in relation to the security of network and information systems. In particular, the Agency should support the development and enhancement of national CSIRTs, with a view of achieving a high common level of their maturity in the Union. The Agency should also assist with the development and update of Union and Member States strategies on the security of network and information systems, in particular on cybersecurity, promote their dissemination and track progress of their implementation. The Agency should also offer trainings and training material to public bodies, and where appropriate "train the trainers" with a view to assisting Member States in developing their own training capabilities. The Agency should also serve as a contact point for Member States and Union institutions, who should be able to request an assistance of the Agency within the competences and roles assigned to it.
2018/04/30
Committee: ITRE
Amendment 161 #

2017/0225(COD)

Proposal for a regulation
Recital 47
(47) Conformity assessment is the process demonstrating whether specified requirements relating to a product, process, service, system, person or body have been fulfilled. For the purposes of this Regulation, certification should be considered as a type of conformity assessment regarding the cybersecurity features of a product, process, service, system, or a combination of those ("ICT products and services") by an independent third party, other than the product manufacturer or service provider. Certification cannot guarantee per se that certified ICT products and services are cyber secure. It is rather a procedure and technical methodology to attest that ICT products and services have been tested and that they comply with certain cybersecurity requirements laid down elsewhere, for example as specified in technical standards. Undertakings should also ensure the security by design and by default of their ICT products and services taking into account the state of the art.
2018/04/30
Committee: ITRE
Amendment 164 #

2017/0225(COD)

Proposal for a regulation
Recital 48 a (new)
(48 a) Despite the fact that it is not possible to foresee future technology and market developments, producers should take into account all known threats when developing their products. Producers should also be liable for the quality of a product put on the EU market, including cyber resilience. At the same time, consumers should assume their share of responsibility by following basic rules of cyber hygiene, which could significantly reduce the number of human errors in the field of cybersecurity.
2018/04/30
Committee: ITRE
Amendment 172 #

2017/0225(COD)

Proposal for a regulation
Recital 53 a (new)
(53 a) The Agency and the Commission should make the best use of already existing certification schemes on the EU and / or international level. ENISA should be able to assess which schemes already in use are fit for purpose and can be brought in the European legislation in cooperation with EU standardisation organisations and, as far as possible, internationally recognised. Existing good practices should be collected and shared among Member States.
2018/04/30
Committee: ITRE
Amendment 237 #

2017/0225(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 16 a (new)
(16 a) ʽself-assessmentʼ is defined on the basis of Regulation (EC) 768/2008, module H Or. en (768/2008/EC, module H http://eur- lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2008:218:0082:0128:en:PDF)
2018/04/30
Committee: ITRE
Amendment 247 #

2017/0225(COD)

Proposal for a regulation
Article 4 – paragraph 2
2. The Agency shall assist the Union institutions, agencies and bodies, as well as Member States, in developing and implementing policies related to cybersecurity and raising awareness among citizens and businesses.
2018/04/30
Committee: ITRE
Amendment 261 #

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, reducing fragmentation of the internal market and thus strengthen trust in the digital internal market.
2018/04/30
Committee: ITRE
Amendment 443 #

2017/0225(COD)

Proposal for a regulation
Article 44 – paragraph 5 a (new)
5a. Adopted schemes shall be reviewed and if necessary updated on regular basis in cooperation with relevant stakeholders and the Group within the structure established under this regulation.
2018/04/30
Committee: ITRE
Amendment 484 #

2017/0225(COD)

Proposal for a regulation
Article 46 – paragraph 2 – point a
(a) certificate assurance level basic shall refer to a certificatcorrespond to the iassued in the context of a European cybersecurity certification scheme, which provides a limited degree of confidence in the claimed or asserted cybersecurity qualities of an ICT product or service, and is characterised with reference to technical specifications, standards and procedures related thereto, including technical controls, the purpose of which is to decrease the risk of cybersecurity incidentsessment by a third party that the basic risks of cyber incidents for ICT processes, products or services are covered;
2018/04/30
Committee: ITRE
Amendment 490 #

2017/0225(COD)

Proposal for a regulation
Article 46 – paragraph 2 – point a a (new)
(aa) This assessment shall include the review of the technical documentation of the ICT product, service or process;
2018/04/30
Committee: ITRE
Amendment 494 #

2017/0225(COD)

Proposal for a regulation
Article 46 – paragraph 2 – point b
(b) certificate assurance level substantial shall refer to a certificatcorrespond to the iassued in the context of a European cybersecurity certification scheme, which provides a substantial degree of confidence in the claimed or asserted cybersecurity qualities of an ICT product or service, and is characterised with reference to technical specifications, standards and procedures related thereto, including technical controls, the purpose of which is to decrease substantially the risk of cybersecurity incidentsessment by a third party that the substantial risks of cyber incidents for ICT processes, products or services are covered;
2018/04/30
Committee: ITRE
Amendment 499 #

2017/0225(COD)

Proposal for a regulation
Article 46 – paragraph 2 – point b a (new)
(ba) This assessment shall include the review of the technical documentation and the testing of the security functionalities implemented, in accordance with the requirements set out in the technical documentation;
2018/04/30
Committee: ITRE
Amendment 503 #

2017/0225(COD)

Proposal for a regulation
Article 46 – paragraph 2 – point c
(c) assurance level high shall refer to a certificate issued in the context of a European cybersecurity certification scheme, wcertification assurance hicgh provides a higher degree of confidence in the claimed or asserted cybersecurity qualities of an ICT product or service than certificates with the assurance level substantial, and is characterised with reference to technical specifications, standards and procedures related thereto, including technical controls, the purpose of which is to prevent cybersecurity incidents.shall correspond to the assessment by a third party that high risks of cyber incidents for ICT processes, products or services are covered;
2018/04/30
Committee: ITRE
Amendment 509 #

2017/0225(COD)

Proposal for a regulation
Article 46 – paragraph 2 – point c a (new)
(ca) This assessment shall include the review of the technical documentation, the testing of the security functionalities implemented, in accordance with the requirements set out in the technical documentation and the assessment of the resistance of the ICT processes, products or services to skilled attackers having significant to unlimited resources, through penetration testing.
2018/04/30
Committee: ITRE
Amendment 519 #

2017/0225(COD)

Proposal for a regulation
Article 47 – paragraph 1 – point b
(b) detailed specification of the cybersecurity requirements against which the specific ICT products and services are evaluated, for example by reference to Union and / or international standards or technical specifications. Already existing international standards should be taken into account;
2018/04/30
Committee: ITRE
Amendment 525 #

2017/0225(COD)

Proposal for a regulation
Article 47 – paragraph 1 – point c
(c) where applicable, one or more assurance levels taking into account inter- alia a risk-based approach;
2018/04/30
Committee: ITRE
Amendment 128 #

2017/0136(COD)

Proposal for a regulation
Recital 9
(9) In view of the global nature of financial markets and of the need to address inconsistencies in the supervision of Union and third-country CCPs, ESMA’s ability to promote convergence in the supervision of CCPs should be enhanced. In order to confer new roles and responsibilities on ESMA, Regulation (EU) No 1095/2010 of the European Parliament and of the Council establishing a European Supervisory Authority (ESMA)53 should be amended. __________________ 53Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establa new Supervisory Committee should be set up within the exishting a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p.84ESMA structure.
2018/04/13
Committee: ECON
Amendment 131 #

2017/0136(COD)

Proposal for a regulation
Recital 10
(10) A specific Executive Session (“CCP Executive Session”) should be created within the Board of Supervisors of ESMA to handle tasks related to CCPs in general, and supervise Union and third- country CCPs in particular. In order to guarantee a smooth establishment of the CCP Executive Session, it is necessary to clarify its interactions with the Board of Supervisors of ESMA, its organisation and the tasks it should perform.deleted
2018/04/13
Committee: ECON
Amendment 137 #

2017/0136(COD)

Proposal for a regulation
Recital 11
(11) In order to ensure a coherent supervisory approach and to reflect the mandates relevant authorities involved in the supervision of CCPs, the CCP Executive SessionSupervisory Committee should be composed of permanent and CCP-specific members. Permanent members should include the Head of the CCP Executive Session and two independent Directors, who, with a board composed of two permanent and independent Vice Chairs and one permanent and independent Chair. The Chair of the CCP Supervisory Committee and the two Vice Chairs should act independently and objectively in the interest of the Union as a whole. The Commission and the ECB should also appoint permanent members. Members specific to each CCP should include a representative of the competent national authorities of the Member States where the CCP is established, designated in accordance with Regulation (EU) No 648/2012, and a representative of the relevant central bank(s) of issue. The HeadChair of the CCP Executive SessionSupervisory Committee should be able to invite members of the supervisory college, as well as representatives of authorities of third- country CCPs recognised by ESMA as observers to ensure that the views of the other relevant authorities are taken into account by the CCP Executive SessionSupervisory Committee. While the permanent members should participate in all meetings of the CCP Executive SessionSupervisory Committee, CCP specific members and observers should participate only where necessary and appropriate for CCPs under their supervision. The presence of independent permanent members and CCP-specific members should ensure that decisions made in the CCP Executive SessionSupervisory Committee are consistent, appropriate and proportionate across the Union and that the relevant national competent authorities, central banks of issue and observers are involved in the decision-making on issues concerning a CCP established in a Member State.
2018/04/13
Committee: ECON
Amendment 154 #

2017/0136(COD)

Proposal for a regulation
Recital 16
(16) To provide for an appropriate level of expertise and accountability, the HeadChair and the two DirectoVice Chairs of the CCP Executive SessionSupervisory Committee should be appointed on the basis of merit, skills, knowledge of clearing, post-trading and financial matters, as well as experience relevant to the supervision and regulation of CCPs. They should be chosen on the basis of an open selection procedure. The Commission should submit a proposal for the appointment of candidates to the European Parliament for approval. Following the European Parliament’s approval of that proposal, the Council should adopt an implementing decision.
2018/04/13
Committee: ECON
Amendment 160 #

2017/0136(COD)

Proposal for a regulation
Recital 19
(19) In order to promote consistency in the supervision of Union and third-country CCPs across the Union, the HeadChair of the CCP Executive SessionSupervisory Committee should chair and manage colleges, and the Vice Chairs and permanent members of the CCP Executive SessionSupervisory Committee should attend them. The ECB should, where relevant and in accordance with Council Regulation (EU) No 1024/2013, also join the colleges to be able to exercise its mandate in accordance with Article 127 of the TFEU.
2018/04/13
Committee: ECON
Amendment 179 #

2017/0136(COD)

Proposal for a regulation
Recital 25 a (new)
(25a) Current equivalence decisions take into account market specificities in third countries, including market sectors, which are deemed to be non-systemic to the Union. With the entry into force of this amending regulation, and particularly with regards to determining the need for onsite inspections and direct supervision, ESMA should strive to remain within the spirit of current equivalence decisions until such a time where non-EU facing market sectors become directly systemically important to the Union
2018/04/13
Committee: ECON
Amendment 191 #

2017/0136(COD)

Proposal for a regulation
Recital 32
(32) In order to ensure the proper involvement of the central bank(s) of issue, the systemically important third-country CCP should also fulfil any additionrelevant requirements that the central bank(s) of issue consider necessary. Such requirements could relate to stress testing, reporting requirements, liquidity or collateral requirements, thate right for the central bank(s) of issue consider necessaryto participate in on- site inspections and the requirement for the CCP to open a cash account at a central bank before ESMA’s decision to recognize that CCP or, where this is not possible, a commitment to do so within a set timeframe following the recognition of that CCP. The central bank(s) of issue should provide ESMA with confirmation whether or not the CCP complies with anythose additional requirements as quickly as possible and in any case 180 days fromin due time before the deadline for ESMA to reply to the CCP’s application to ESMA.
2018/04/13
Committee: ECON
Amendment 202 #

2017/0136(COD)

Proposal for a regulation
Recital 33
(33) The degree of risk posed by a systemically-important CCP to the financial system and stability of the Union varies. The requirements for systemically- important CCPs should therefore be applied in a manner proportionate to the risks that the CCP may present to the Union. Where ESMA and the relevant central bank(s) of issue conclude that a third-country CCP is of such systemic importance that additional requirements will not ensure the financial stability of the Union, ESMA should be able to recommend to the Commission that that CCP should not be recognised. TOn the basis of that recommendation, the Commission should be able to adopt an implementing act declaring that one or more clearing services of the third- country CCP should be established in the Union and authorised as such to provide clearing services in the Union.
2018/04/13
Committee: ECON
Amendment 217 #

2017/0136(COD)

Proposal for a regulation
Recital 37
(37) ESMA should be able to impose fines on third-country CCPs where it finds that they have committed, intentionally or negligently, an infringement of this Regulation by providing incorrect or misleading information to ESMA. In addition, ESMA should be able to impose fines on systemically-important CCPs where it finds that they have committed, intentionally or negligently, an infringement of the additional requirements applicable to them in this Regulation.deleted
2018/04/13
Committee: ECON
Amendment 293 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point b
Regulation (EU) No 648/2012
Article 18 – paragraph 2 – point a
(a) the permanent members of the CCP Executive SessionSupervisory Committee referred to in Article 44a of Regulation (EU) No 1095/201022a;
2018/04/13
Committee: ECON
Amendment 308 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 6 – point a
Regulation (EU) No 648/2012
Article 21 – paragraph 1
1. Without prejudice to the role of the college, the competent authorities referred to in Article 22, in close cooperation with ESMA, shall review the arrangements, strategies, processes and mechanisms implemented by CCPs to comply with this Regulation and evaluate the risks, which include, at least, financial, operational and cyber risks, to which CCPs are, or might be, exposed.
2018/04/13
Committee: ECON
Amendment 309 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 6 – point b
Regulation (EU) No 648/2012
Article 21 – paragraph 3 – subparagraph 1
ESMA shall establish the frequency and depth of the review and evaluation referred to in paragraph 1 having regard to the size, systemic importance, nature, scale and, complexity of the activities and interconnectedness with other financial market infrastructures of the CCPs concerned. The review and evaluation shall be updated at least on an annual basis.
2018/04/13
Committee: ECON
Amendment 311 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 6 – point b
Regulation (EU) No 648/2012
Article 21 – paragraph 3 – subparagraph 1 a (new)
ESMA shall assess CCPs through regular stress-testing and crisis simulation exercises with respect to potential system- wide stress events. In exercising this role, ESMA shall ensure consistency with the assessments of the resilience of individual CCPs carried out pursuant to Chapter XII of Commission Delegated Regulation (EU) No 153/2013 with regard to the frequency and design of the tests and shall cooperate closely with the colleges established in accordance with Article 18 of this Regulation, the ESRB and competent authorities designated under Article 4 of Directive 2013/36/EU, including the ECB in carrying out its tasks within a single supervisory mechanism under Regulation (EU) No 1024/2013 and any national competent authorities tasked with the supervision of CCPs.
2018/04/13
Committee: ECON
Amendment 312 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 6 – point b
Regulation (EU) No 648/2012
Article 21 – paragraph 3 – subparagraph 2
The CCPs shall be subject to on-site inspections. ESMA staff shall be invited to participate in these on-site inspections, unless ESMA decides otherwise.
2018/04/13
Committee: ECON
Amendment 395 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 7 a (new)
Regulation (EU) No 648/2012
Article 22 a (new)
7a. The following Article 22a is inserted: Article 22a ESMA CCP Supervisory Committee 1. ESMA shall establish a permanent internal committee pursuant to Article 41 of Regulation (EU) No 1095/2010 for the purposes of preparing decisions and carrying out the tasks relating to the supervision of Union and third country CCPs. The CCP Supervisory Committee established pursuant to the first subparagraph shall submit to the Board of Supervisors complete draft decisions for adoption in accordance with Article 22c. 2. The CCP Supervisory Committee shall be composed of: (a) the following permanent members: (i) a Chair, appointed in accordance with paragraph 4 of this article, who shall be voting; (ii) two Vice Chairs, appointed in accordance with paragraph 4 of this article, who shall both be voting; (ii) a representative of the Commission, who shall be non-voting; and (iii) a representative of the ECB, who shall be non-voting; (b) the following non-permanent members specific to each CCP in relation to which the CCP Supervisory Committee is convened: (i) a representative of the competent authority for each CCP established in the Union in relation to which the CCP is convened, who shall be voting; and (ii) a representative of each of the relevant central banks of issue referred to in point (h) of Article 18(2) of Regulation (EU) No 648/2012 for each CCP established in the Union in relation to which the CCP Supervisory Committee is convened, who shall be non-voting. The Chair may invite as observers to the meetings of the CCP Supervisory Committee, where and as appropriate and necessary, other members referred to in Article 18(2) of Regulation (EU) No 648/2012 of the college of the relevant CCP to the meetings of the CCP Supervisory Committee. Where the CCP Supervisory Committee is exercising any of the tasks referred to in point (b) of paragraph 3, authorities of third country CCPs recognised by ESMA pursuant to Article 25 of Regulation (EU) No 648/2012 may be invited, where and as appropriate and necessary, as observers. Where discussing decisions pertaining to Article 25(2a) and (2c), Article 25b and Articles 41, 44 and 46, central banks of issue of the financial instruments cleared or to be cleared by the third country CCP in relation to which the CCP Supervisory Committee convenes may be invited to participate in the CCP Supervisory Committee as observers. Meetings of the CCP Supervisory Committee shall be convened by its Chair at its own initiative or at the request of any of its members. The CCP Supervisory Committee shall meet at least five times a year. Where a task of the CCP Supervisory Committee does not relate to a specific CCP established in the Union, the Committee shall be composed only of the permanent members referred in point (a) of this paragraph and, where relevant, the central banks of issue referred to in point (b)(ii) of this paragraph. 3. The CCP Supervisory Committee shall be responsible for all of the following: (a) providing the consent referred to in Article 21a(1) of Regulation (EU) No 648/2012; (b) recognising and supervising third- country CCPs in accordance with Article 25 of Regulation (EU) No 648/2012, the monitoring of regulatory and supervisory developments in third countries under Chapter 2 of Title II of Regulation (EU) No 648/2012; and (c) the tasks referred to in the first subparagraph of Article 5(1), the first subparagraph of Article 9(3), Articles 9(4), 13(1) and (4), 17(2) and (3), 18(1), 20(2) and (6), Articles 21c, 23 and 24, Articles 29(3), 38(5), 48(3), 49(1) and 54(3) of Regulation (EU) No 648/2012. 4. The Chair and Vice Chairs of the CCP Supervisory Committee shall be full- time, independent professionals. The Chair and Vice Chairs shall be appointed on the basis of merit, skills, knowledge of clearing, post-trading and financial matters, and of experience relevant to CCP supervision and regulation. The Chair and Vice Chairs shall be chosen on the basis of an open selection procedure organised by the Commission, which shall respect the principles of gender balance, experience and qualification. The Chair and Vice Chairs shall not concurrently hold any other office at national, Union, or international level. The Commission shall provide to the European Parliament a shortlist of candidates for the positions of Chair and Vice Chairs of the CCP Supervisory Committee and shall inform the Council of the shortlist. The Commission shall submit a proposal for the appointment of the Chair and Vice Chairs of the CCP Supervisory Committee to the European Parliament for approval. Following the approval of that proposal, the Council shall adopt an implementing decision to appoint the Chair and Vice Chairs of the CCP Supervisory Committee. The Council shall act by qualified majority. Where the Chair and/or Vice Chairs of the CCP Supervisory Committee no longer fulfil the conditions required for the performance of their respective duties or has been found guilty of serious misconduct, the Council may, on a proposal from the Commission which has been approved by the European Parliament, adopt an implementing decision to remove one or more of them from office. The Council shall act by qualified majority. The European Parliament or the Council may inform the Commission that they consider the conditions for the removal of the Chair and/or Vice Chairs of the CCP Supervisory Committee to be fulfilled, to which the Commission shall respond. 5. The CCP Supervisory Committee shall be supported by a dedicated staff possessing sufficient knowledge, skills and experience and shall be granted adequate resources by ESMA to carry out its tasks. 6. The CCP Supervisory Committee shall inform the relevant supervisory college of the complete draft decisions it submits to the Board of Supervisors pursuant to paragraph 1. 7. The CCP Supervisory Committee shall ensure that members of the college referred to in Article 18(2), the authorities referred to in Article 25(3) of Regulation (EU) No 648/2012 and the ESRB, in accordance with Article 15 of Regulation (EU) No 1092/2010, have access to all information necessary for the purpose of carrying out their tasks. 8. For the purposes of this Regulation, ESMA shall ensure structural separation between the CCP Supervisory Committee and other functions referred to in Regulation (EU) No 1095/2010.
2018/04/13
Committee: ECON
Amendment 411 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 7 b (new)
Regulation (EU) No 648/2012
Article 22 b (new)
7b. The following Article 22b is inserted: Article 22b Where the CCP Supervisory Committee submits draft decisions to the Board of Supervisors, those draft decisions shall be deemed adopted by ESMA unless the Board of Supervisors decides on the basis of a simple majority to reject the draft decision within five working days of its transmission. In cases of particular urgency, the aforementioned period shall not exceed 24 hours. Where the Board of Supervisors rejects a draft decision, it shall state the reasons for doing so in writing.
2018/04/13
Committee: ECON
Amendment 428 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – introductory part
ESMA shall determine whether a CPP, or one or more clearing services, activities or financial instruments thereof, is systemically important or likely to become systemically important for the financial stability of the Union or for one or more of its Member States (Tier 2 CCP) by taking into account all of the following criteria:
2018/04/13
Committee: ECON
Amendment 434 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point a a (new)
(aa) the risk profile of the CCP, including in terms of financial, operational and cyber risks;
2018/04/13
Committee: ECON
Amendment 435 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point b
(b) the effect that the failure of or a disruption to the CCP would have on financial markets, financial institutions, or the broader financial system, or on the financial stability of the Union or for one or more of its Member States and the availability and applicability of a recovery and resolution plan in the spirit of the Regulation (EU) No xxxx/xxxx on a Framework for the Recovery and Resolution of Central Counterparties;
2018/04/13
Committee: ECON
Amendment 442 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 a – subparagraph 1 – point c
(c) the CCP's clearing membership structure as well as the structure of its network of clients and indirect clients;
2018/04/13
Committee: ECON
Amendment 457 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 b – introductory part
2b. Where ESMA determines a CCP, or one or more clearing services, activities or financial instruments thereof, to be systemically important or likely to become systemically important (Tier 2 CCP) in accordance with paragraph 2a, it may only recognise that CCP, or one or more of the relevant clearing services, activities or financial instruments thereof, where, in addition to the conditions referred to in Article 25(2)(a), (b), (c) and (d), the following conditions are fulfilled:
2018/04/13
Committee: ECON
Amendment 465 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 b – point b
(b) following the consultation referred to in point (f) of paragraph 3, the central banks of issue referred to therein have provided ESMA with written confirmation, within 180 days of the submission of an applicationthe deadline to respond to the consultation referred to in point (f) of paragraph 3, that the CCP complies with relevanyt requirements imposed by those central banks of issue in the carrying out of their monetary policy tasks. Such requirements may relate to stress testing, reporting, liquidity or collateral, the right of the central bank of issue to participate in on-site inspections, and the opening, or commitment to opening, by the CCP of a cash account at a central bank. Where the relevant central bank of issue has not provided a written response to ESMA within the deadline, ESMA may consider thise requirements under this point to be fulfilled;
2018/04/13
Committee: ECON
Amendment 477 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 c – subparagraph 1
ESMA, in agreement withafter obtaining consent of the relevant central banks of issue and commensurate with the degree of systemic importance of the CCP in accordance with paragraph 2aafter consulting the ESRB, may conclude that a CCP is of such substantial systemic importance that compliance with the conditions set out in paragraph 2b does not sufficiently ensure the financial stability of the Union or of one or more of its Member States and should not therefore be recognised. In such a case, ESMA shall recommend that the Commission adopt an implementing act confirming that that CCP should not be recognised in accordance with paragraph 2b. . In such a case, and on the basis of its analysis which has determined that systemic risk will be reduced as a result of such a decision, ESMA shall recommend that the Commission adopt an implementing act prohibiting the CCP concerned from being recognised in accordance with paragraph 2 and requiring the CCP to obtain authorisation in accordance with Article 14 in order to provide the clearing services concerned in the Union. ESMA may, in its analysis, identify specific clearing services or activities for which it considers that recognition shall not be granted or extended. The recommendation shall be accompanied by an analysis of all of the following elements: (a) the elements referred to in points (a) to (d) of Article 25 (2a); (b) the characteristics of the clearing services provided by the CCP, in particular the liquidity needs associated with such services and the related likelihood of need for liquidity support in distressed situations, as well as the substitutability of the clearing services provided by the CCP; (c) the potential consequences of including the outstanding cleared contracts within the scope of the implementing act; (d) the potential consequences on EU clearing members’ own funds requirements under Regulation (EU) No 575/2013 in the event of a requirement under the implementing act for the CCP to immediately apply for authorization in accordance with Article 14; (e) the potential consequences, in terms of costs and benefits, of the requirement for the CCP to apply for authorisation in the Union on the Union clearing members, their clients, linked and operable FMIs and Union markets as a whole, in particular as regards the impact of the decision on the level playing field between Union clients and members and clients and members from other jurisdictions; (f) the potential impact consequences of the requirement for the CCP to apply for authorisation in the Union for the financial stability of the Union or of one or more of its Member States; (g) the existence and nature of liquidity support mechanisms available to the CCP in its home country and the existence of any market mechanisms allowing to spread the risk caused by the CCP.
2018/04/13
Committee: ECON
Amendment 487 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b
Regulation (EU) No 648/2012
Article 25 – paragraph 2 c – subparagraph 2
After submission ofBased on the recommendation referred to in the first subparagraph, and following the consideration of the elements referred to in points (a) to (f) of the third subparagraph, the Commission may adopt anthe implementing act declaring that that CCP shall not be recognised pursuant to paragraph 2b and that it may only provide clearing services in the Union after it has been granted authorisation in accordance with Article 14. referred to in the first subparagraph. This implementing act may require any of the following: (a) prohibit the recognition of the CCP or the extension of the recognition of one or more of its clearing services and state that those clearing services shall only be provided to clearing members and trading venues established in the Union by a CCP authorised in accordance with Article 14; (b) where a CCP, at the date of the Commission's decision to adopt the implementing act, is recognised in accordance with Article 25 (2) or Article 25 (2b), the implementing act may specify an appropriate adaptation period for the CCP, its clearing members and their clients, together with the conditions under which the CCP may continue to be temporarily recognised during such an adaptation period and any measures that shall be taken during such an adaptation period in order to limit the potential costs to clearing members and their clients, in particular those established in the Union;
2018/04/13
Committee: ECON
Amendment 492 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b a (new)
Regulation (EU) No 648/2012
Article 25 – paragraph 3 – introductory part
(ba) paragraph 3 is amended as follows: "3. When assessing whether the conditions referred to in paragraph 2 or paragraph 2a are met, ESMA shall consult: Or. en (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32012R0648)
2018/04/13
Committee: ECON
Amendment 495 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 9 – point b b (new)
Regulation (EU) No 648/2012
Article 25 – paragraph 3 a (new)
(bb) the following paragraph 3a is inserted: "3a. In close cooperation with the concerned CCP, third country authority, central banks of issue and ESRB, ESMA may at any time and in the framework of this article assess CCPs through stress- testing and crisis simulation exercises with respect to potential system-wide stress events in order, inter alia, to evaluate the risk profile of the CCP."
2018/04/13
Committee: ECON
Amendment 545 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 10
Regulation (EU) No 648/2012
Article 25 b – paragraph 3
3. ESMA shall carry out assessments of the resilience of recognised CCPs to adverse market developments in accordance with Article 32(2) of Regulation (EU) No 1095/2010. In close cooperation with third country authorities, central banks of issue and the ESRB, ESMA may at any time and within the framework of this article assess CCPs through stress-testing and crisis simulation exercises with respect to potential system-wide stress events in order to, inter alia, evaluate the risk profile of the CCP which includes at least financial, operational and cyber risks.
2018/04/13
Committee: ECON
Amendment 550 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 10
Regulation (EU) No 648/2012
Article 25 b – paragraph 3 a (new)
3a. Where, further to the review referred to in the paragraph 3a, ESMA determines that a Tier 1 CCP has become significant for the financial stability of the Union or for one or more of its Member States, and is therefore a Tier 2 CCP, Articles 25b to 25f shall start to apply to that CCP within one year following the notification to that CCP by ESMA that it will be reclassified as a Tier 2 CCP. Where, following the review referred to in paragraph 4, ESMA assesses that a Tier 2 CCP is no longer significant for the financial stability of the Union or for one or more of its Member States, and is therefore a Tier 1 CCP, Articles 25b to 25f shall cease to apply to that CCP.
2018/04/13
Committee: ECON
Amendment 600 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 11 – point b a (new)
Regulation (EU) No 648/2012
Article 49 – paragraph 3 a (new)
(ba) the following paragraph 3a is inserted: "3a. In close cooperation with CCPs, competent authorities, central banks of issue and the ESRB, ESMA may at any time, within the framework of this EU regulation and/or of the EU regulation on a framework for the recovery and resolution of central counterparties, assess CCPs through stress-testing and crisis simulation exercises with respect to potential system-wide stress events."
2018/04/13
Committee: ECON
Amendment 603 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 11 a (new)
Regulation (EU) No 648/2012
Article 84 – paragraph 3 a (new)
11a. In Article 84, the following paragraph 3a is added: "3a. Competent authorities, ESMA, Central bank of issues and ESRB shall exchange relevant information regarding stress-testing and crisis simulation exercises."
2018/04/13
Committee: ECON
Amendment 605 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 12
Regulation (EU) No 648/2012
Article 89 – paragraph 3 a
3a. ESMA shall not exercise its powers pursuant to paragraph 2a, 2b and 2c of Article 25 until [insert date of entry into force of the delegated act referred to in the second subparagraph of paragraph 32a of that Article]
2018/04/13
Committee: ECON
Amendment 609 #

2017/0136(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 12
Regulation (EU) No 648/2012
Article 89 – paragraph 3 b
3b. ESMA shall review the recognition decisions adopted pursuant to Article 25(1) before [entry into force of this Regulation] within 128 months from the entry into force of the delegated act referred to in the second subparagraph of Article 25(2a), in accordance with Article 25(5).
2018/04/13
Committee: ECON
Amendment 279 #

2017/0125(COD)

Proposal for a regulation
Article 6 – paragraph 2
2. The action shall be undertaken in a cooperation of at least three undertakings which are established in at least two different Member States. The undertakings which are beneficiaries shall not effectively be controlled, directly or indirectly, by the same entity or shall not control each other. IPR generated in relation to the action shall be retained by the Union.
2017/12/05
Committee: ITRE
Amendment 291 #

2017/0125(COD)

Proposal for a regulation
Article 6 – paragraph 2 a (new)
2a. If there are no competitive substitutes readily available in the EU, and if this usage would not contravene the security and /or defence interests of the Union and its Member States, beneficiaries and their subcontractors may use assets, infrastructure, facilities and resources located or held outside the territory of EU Member States or controlled by third countries. When performing an eligible action, beneficiaries and their subcontractors, may also cooperate with undertakings established outside the territory of EU Member States, if this would not contravene the security and/or defence interests of the Union and its Member States. The costs related to these activities shall not be eligible for funding under the Programme.
2017/12/05
Committee: ITRE
Amendment 293 #

2017/0125(COD)

Proposal for a regulation
Article 6 – paragraph 2 a (new)
2a. An action undertaken by entities established in more than two different Member States shall benefit from an increase in the funding rate of five percentage points.
2017/12/05
Committee: ITRE
Amendment 409 #

2017/0125(COD)

Proposal for a regulation
Article 11 – paragraph 2 a (new)
2a. Indirect eligible costs shall be determined by applying a flat rate of 25% of the total direct eligible costs, excluding direct eligible costs for subcontracting and the costs of resources made available by third parties which are not used on the premises of the beneficiary, as well as financial support to third parties.
2017/12/05
Committee: ITRE
Amendment 411 #

2017/0125(COD)

Proposal for a regulation
Article 11 – paragraph 2 b (new)
2b. By way of derogation from paragraph 2a, indirect costs may be declared in the form of a lump sum or unit costs when provided for in the work programme or work plan.
2017/12/05
Committee: ITRE
Amendment 71 #

2017/0090(COD)

Proposal for a regulation
Recital 24
(24) Regulation (EU) No 648/2012 establishes that the clearing obligation should not apply to pension scheme arrangements (PSAs) until a suitable technical solution is developed by CCPs for the transfer of non-cash collateral as variation margins. As no viable solution facilitating PSAs to centrally clear has been developed so far, that temporary derogation should be extended to apply for a further three years. Central clearing should however remain the ultimate aim considering that current regulatory and market developments enable market participants to develop suitable technical solutions within that time period. With the assistance of ESMA, EBA, the European Insurance and Occupational Pensions Authority (‘EIOPA’) and ESRB, the Commission should monitor the progress made by CCPs, clearing members and PSAs towards viable solutions facilitating the participation of PSAs in central clearing and prepare a report on that progress. That report should also cover the solutions and the related costs for PSAs, thereby taking into account regulatory and market developments such as changes to the type of financial counterparty that is subject to the clearing obligation. In order to cater for developments not foreseen at the time of adoption of The Commission should be empowered to extend that derogation for additional two years, if it considers that a solution is withisn regulation, the Commission should be empowered to extend that derogation for additional two years, after having carefully assessed the need for such an extensionach of the stakeholders. The exemption should be continuous from the date of entry into force of Regulation (EU) No 648/2012 and should also apply retrospectively to all OTC derivative contracts executed after 16 August 2018 and before the date of entry into force of this Regulation, if later.
2018/03/05
Committee: ECON
Amendment 78 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point -1 (new)
Regulation (EU) No 648/2012
Article 1 – paragraph 4
(-1) In Article 1, paragraph 4 is replaced by the following: "4. This Regulation shall not apply to: (a)the members of the ESCB and other central banks and Member States' bodies performing similar functions and other Union public bodies charged with or intervening in the management of the public debt; (b) the Bank for International Settlements.; (c) the centralmultilateral development banks, and public bodies charged with or intervening in the management of the public debt in the following countries: (i) Japan; (ii) United States of America; (iii) Australia; (iv) Canada; (v) Hong Kong; (vi) Mexico; (vii) Singapore; (viii) Switzerland. s listed in Article 117(2) of Regulation (EU) No 575/2013." Or. en (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32012R0648)
2018/03/05
Committee: ECON
Amendment 89 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point b
Regulation (EU) No 648/2012
Article 4 – paragraph 1 – point b
‘(b) they are entered into or novated either: (i) on, or after, the date from which the clearing obligation takes effect; or (ii) on, or after, the date from which both counterparties meet the criteria set out in paragraph (a).’;
2018/03/05
Committee: ECON
Amendment 138 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 648/2012
Article 6b – paragraph 1 a (new)
1a. Under the conditions laid down in paragraph 1, competent authorities may request that ESMA submits a suspension request to the Commission. Where competent authorities request that ESMA submits a suspension request, they shall provide reasons and submit evidence that at least one of the conditions laid down in the first subparagraph of paragraph 1 is fulfilled. ESMA shall, within 48 hours of the request referred to in the first subparagraph and based on the reasons and evidence provided by the competent authority, either request that the Commission suspend the clearing obligation referred to in Article 4(1), or reject the request. Where ESMA rejects the request, it shall provide reasons in writing to the competent authority concerned and maintain a record of the request.
2018/03/05
Committee: ECON
Amendment 140 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 648/2012
Article 6b – paragraph 2
2. The requests referred to in paragraph 1 and paragraph 1a shall not be made public.
2018/03/05
Committee: ECON
Amendment 143 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 648/2012
Article 6b – paragraph 3
3. The Commission shall, within 48 hours of the request referred to in paragraph 1 and based on the reasons and evidence provided by ESMA, either suspend the clearing obligation for the specific class of OTC derivative or for the specific type of counterparty referred to in paragraph 1, or reject the requested suspension. Where the Commission rejects the request made by ESMA, it shall provide reasons in writing and maintain a record of the request.
2018/03/05
Committee: ECON
Amendment 241 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point b
Regulation (EU) No 648/2012
Article 85 – paragraph 2 – subparagraph 1
By [PO please add date of entry into force + 2 years... [one year following the date of entry into force of this amending Regulation] and every year thereafter until ... [three years following the date of entry into force of this amending Regulation], the Commission shall prepare a report assessing whether viable technical solutions have been developed for the transfer by PSAs of cash and non-cash collateral as variation margins and the need for any measures to facilitate those technical solutions.
2018/03/05
Committee: ECON
Amendment 243 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point b
Regulation (EU) No 648/2012
Article 85 – paragraph 2 – subparagraph 1
By [PO please add date of entry into force of this amending Regulation + 2 years], the Commission shall prepare a report assessing whether viable technical solutions have been developed for the transfer by PSAs of cash and non-cash collateral as variation margins and the need for any measures to facilitate those technical solutions. The report shall, if appropriate, be accompanied by a legislative proposal establishing rules for the equal treatment of high-quality government bonds collateral compared to cash collateral posted as variation margins.
2018/03/05
Committee: ECON
Amendment 246 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point b
Regulation (EU) No 648/2012
Article 85 – paragraph 2 – subparagraph 2 – introductory part
ESMA shall, by [PO please add date of entry into force + 18 months... [six months following the date of entry into force of this amending Regulation], and every year thereafter until ... [three years following the date of entry into force of this amending Regulation], in cooperation with EIOPA, EBA and the ESRB, submit a report to the Commission, assessing the following:
2018/03/05
Committee: ECON
Amendment 248 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point b
Regulation (EU) No 648/2012
Article 85 – paragraph 2 – subparagraph 3
The Commission shall adopt a delegated act in accordance with Article 82 to extend the three-year period referred to in Article 89(1) once, by two years, where it concludes that no viable technical solution has been developed and that the adverse effect of centrally clearing derivative contracts on the retirement benefits of future pensioners remains unchanged.;
2018/03/05
Committee: ECON
Amendment 255 #

2017/0090(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 19 – point c
Regulation (EU) No 648/2012
Article 85 – paragraph 3
3. By [PO please add 6 months before the date referred to in paragraph 1] ESMA shall report to the Commission on the following: (a) whether viable technical solutions have been developed that facilitate the participaAfter the three-year period referred to in Article 89(1) the Commission shall: (a) submit a proposal for a binding solution oif PSAs in central clearing and the impact of those solutions on the level of central clearing by PSAs, taking into account the report referred to in paragraph 2; (b) the impact of this Regulation on the level of clearing by non-financial counterparties and the distribution of clearing within the non-financial counterparty class, especially with regard to the appropriateness of the clearing thresholds referred to in Article 10(4); (c) the impact of this Regulation on the level of clearing by financial counterparties other thit considers that no solution has been found by stakeholders; (b) adopt a delegated act in accordance with Article 82 to extend the three-year period referred to in Article 89(1) once, by two years, if it considers that a solution is within reach of the stakeholders and those subject to Article 4a(2) and the distribution of clearing within that financial counterparty class, especially with regard to the appropriateness of the clearing thresholds referred to in Article 10(4); (d) transaction data reported to trade repositories, the accessibility of those data and the quality of the information received from trade repositories in accordance with Article 81; (e) counterparties.;at additional time is needed for its finalization; (c) let the exemption lapse, while encouraging stakeholders to implement their solution beforehand if it considers that a solution has been found. the improvement of the quality of the accessibility of clearing by
2018/03/05
Committee: ECON
Amendment 272 #

2017/0090(COD)

Proposal for a regulation
Article 2 – paragraph 2 a (new)
If this Regulation enters into force after 16 August 2018, then Article 89(1) shall apply retrospectively to all OTC derivative contracts executed by PSAs after 16 August 2018 and before the date of entry into force of this Regulation.
2018/03/05
Committee: ECON
Amendment 60 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point a – point -1 (new)
Directive 2013/36/EU
Article 2 – paragraph 5 – introductory part
(-1) Article 2, paragraph 5, introductory part, is amended as follows: This Directive shall not apply only to the following:
2018/02/02
Committee: ECON
Amendment 67 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point b
Directive 2013/36/EU
Article 2 – paragraph 5a
5a. This Directive shall not apply to an institution where the Commission establishes in a delegated act adopted pursuant to Article 148, on the basis of information available to it that the institution fulfils all of the following conditions, without prejudice to the application of state aid rules: (a) public law by a Member State's central government, regional government or local authority; (b) institution confirm that its activity is limited to advancing specified objectives of financial, social or economic public policy in accordance with the laws and provisions governing that institution, on a non-competitive, not for profit basis. For these purposes, public policy objectives may include the provision of financing for promotional or development purposes to specific economic activities, or geographical areas of the relevant Member State; (c) effective prudential requireit has been established under laws and provisions governing the it is subject to adequate and the central governments, including minimum own funds requirements, and to an adequate supervisory framework which has similar effect as the framework established under Union law; (d) government or local authority, as applicable, has an obligation to protect the institution's viability or directly or indirectly guarantees at least 90% of the institution's own funds requirements, funding requirements or exposures; (e) covered deposits as defined in point (5) of Article 2(1) of Directive 2014/49/EU of the European Parliament and of the Council12 ; (f) Member State where its head office is situated; (g) assets is below EUR 30 billion; (h) assets over the GDP of the Member State concerned is less than 20%; (i) the institution is not of significant relevance with regard to the domestic economy of the Member State concerned. The Commission shall regularly review whether an institution subject to a delegated act adopted pursuant to Article 148 continues to fulfil the conditions set out in the first subparagraph. __________________ 12 Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (recast) (OJ L 173, 12.6.2014, p. 149)regional it is precluded from accepting its activities are confined to the the total value of the institution's the ratio of the institution's total
2018/02/02
Committee: ECON
Amendment 98 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1 – point d
Directive 2013/36/EU
Article 2 – paragraph 7
(d) the following paragraph 7 is added: ‘ By [5 years after entry into force], the Commission shall review the list set out in Article 2(5) by considering whether the reasons that led to the inclusion of entities in the list are still valid, the national legal framework and supervision applicable to the entities in the list, the type and quality of deposit coverage of the entities in the list and, for entities of the type specified in paragraphs 2(5a) and 2(5b) taking into account also the criteria described therein.. ’deleted
2018/02/02
Committee: ECON
Amendment 110 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 1
1. Subject to paragraph 1a, Member States shall require that two or more institutions in the Union, which are part of the same third country group, have an intermediate EU parent undertaking that is established in the Union.
2018/02/02
Committee: ECON
Amendment 116 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 1 a (new)
1 a. Competent authorities may allow the institutions referred to in paragraph 1 to have two intermediate EU parent undertakings where the competent authorities is certain that a single intermediate EU parent undertaking would be incompatible with a mandatory requirement for separation of activities in accordance with the rules of the third country where the ultimate parent undertaking of the third country group has its head office or where it will facilitate the effective resolution of the institution.
2018/02/02
Committee: ECON
Amendment 122 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 2
2. Member States shall require an intermediate EU parent undertaking in the Union to obtain authorisation as an institution in accordance with Article 8, or as a financial holdingAn intermediate parent undertaking shall be a credit institution authorized in accordance with Article 8, or a financial holding company or mixed financial holding company in accordance with Article 21a. By way of derogation from the first subparagraph, where none of the institutions referred to in paragraph 1 is a credit institution or the second intermediate EU parent undertaking must be set up in connection with investment activities to comply with a mandatory requirement as referred to in paragraph 1a, the intermediate EU parent company or mixethe second financial holding company in accordance with Article 21atermediate EU parent company, respectively, may be an investment firm authorised in accordance with Article 5(1) of Directive 2014/65/EU.
2018/02/02
Committee: ECON
Amendment 129 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 3
3. Paragraphs 1, 1a and 2 shall not apply where the total value of assets in the Union of the third country group is lower than EUR 350 billion, unless the third country group is a non-EU G-SII.
2018/02/02
Committee: ECON
Amendment 135 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 4 – introductory part
4. For the purposes of this Article, the total value of assets in the Union of the third country group shall includebe the sum of the following:
2018/02/02
Committee: ECON
Amendment 136 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 4 – point a
(a) the amount of total assets of each institution in the Union of the third country group, as resulting from their consolidated balance sheet or as resulting from their individual balance sheet, where an institution's balance sheet is not consolidated; and
2018/02/02
Committee: ECON
Amendment 139 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 4 – point b
(b) the amount of total assets of each branch of the third country group authorised to operate in the Union in accordance with Article 47.
2018/02/02
Committee: ECON
Amendment 151 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 6 – subparagraph 2
Competent authorities shall ensure that there is a single intermediate EU parent undertaking for all institutions that areeach institution under their jurisdiction that is part of a third country group meets one of the following conditions: (a) it has an intermediate EU parent undertaking; (b) it is an intermediate EU parent undertaking; (c) it is the only institution in the Union of the third country group; or (d) it is part of the samea third country group. whose total value of assets in the Union is below EUR 30 billion.
2018/02/02
Committee: ECON
Amendment 158 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 9
Directive 2013/36/EU
Article 21b – paragraph 6 a (new)
6 a. By way of derogation from paragraph 1, groups operating through more than one institution in the Union and with total value of assets exceeding EUR 30 billion on [date of entry into force of this directive] shall have an intermediate EU parent undertaking or, in the case referred to in paragraph 1a, two intermediate EU parent undertakings by [date of application of Directive + three years].".
2018/02/02
Committee: ECON
Amendment 183 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 13
Directive 2013/36/EU
Article 84 – paragraph 4 – subparagraph 1
EBA shall develop draft regulatory technical standards to specify, for the purposes of this Article, the details of aprinciples for a proportioned and simple standardiszed methodology that institutions may use for the purpose of evaluating the risks referred to in paragraph 1 or be required to use according to paragraph 3.
2018/02/02
Committee: ECON
Amendment 251 #

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 whosIn the case of a decline of the economic value of equity referred to in Article 84(1) declines by more than 15 % 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., the supervisory authority shall assess the risks arising from that decline.
2018/02/02
Committee: ECON
Amendment 333 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 25
Directive 2013/36/EU
Article 109 – paragraph 3 a (new)
3 a. The remuneration requirements laid down in Articles 92, 94 and 95 shall not apply on a consolidated basis to either of the following: (a) subsidiary undertakings established in the Union where those are subject to specific remuneration requirements in accordance with other instruments of Union law; (b) subsidiary undertakings established in a third country where those would be subject to specific remuneration requirements in accordance with other instruments of Union law if they were established in the Union.
2018/02/02
Committee: ECON
Amendment 396 #

2016/0364(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 32
Directive 2013/36/EU
Article 141a – paragraph 1 – introductory part
1. An institution shall be considered 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) (b) and (c) and each of the following requirements in:
2018/02/02
Committee: ECON
Amendment 427 #

2016/0364(COD)

Proposal for a directive
Article 3 – paragraph 1
This Directive shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. Pending the review of the prudential framework for investment firms, as per the Commission’s proposal for a Regulation COM (2017)790 final and for a Directive COM(2017) 791 final, member states may continue to apply the provisions of this Directive as they stood on [day before the date of entry into force of the amending directive] to investment firms that are not systemic investment firms as defined in point (139) of Article 4(1) of the Regulation (final number to be added – currently standing in COM(2016) 850 final Proposal amending the Regulation (EU) No 575/2013).
2018/02/02
Committee: ECON
Amendment 117 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 15
Directive 2014/59/EU
Article 17 – paragraph 5 – point j1
(j1) require an institution or entity referred to in point(b), (c) or (d) of Article 1(1), to changegive guidance on the maturity profile of items referred to in Article 45b or points (a) and (b) of Article 45g(3) to ensure continuous compliance with Article 45f or Article 45g.
2018/01/29
Committee: ECON
Amendment 264 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparagraph 1 – introductory part
Without prejudice to the last subparagraph, fFor resolution entities, the amount referred to in paragraph 2 shall not exceed the greater of the following:
2018/01/31
Committee: ECON
Amendment 281 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
(ii) a recapitalisation amount that allows the resolution group resulting from resolution 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 at resolution group sub- consolidated level;
2018/01/31
Committee: ECON
Amendment 300 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45c – paragraph 3 – subparapgraph 4
The resolution authority shall set the recapitalisation amounts referred to in the previous subparagraphs in accordance with the resolution actions foreseen in the resolution plan in particular reflecting the decrease of the total risk exposure amount and of the leverage ratio exposure measure resulting from the resolution actions and may adjust those recapitalisation amounts to adequately reflect risks that affect resolvability arising from the resolution group’s business model, funding profile and overall risk profile.
2018/01/31
Committee: ECON
Amendment 313 #

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, fFor entities 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 322 #

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 entity 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 338 #

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 in particular reflecting the decrease of the total risk exposure amount and of the leverage ratio exposure measure resulting from the resolution actions 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.
2018/01/31
Committee: ECON
Amendment 392 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 1 – subparagraph 1 – introductory part
The resolution authority may give guidance to an entity to haveAn institution shall, after consultation of the resolution authority, set a satisfactory level of guidance for its own funds and eligible liabilities that fulfil the conditions of Article 45b or 45g(3) in excess of 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 398 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
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 established 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 400 #

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 404 #

2016/0362(COD)

Proposal for a directive
Article 1 – paragraph 23
Directive 2014/59/EU
Article 45e – paragraph 2 – subparagraph 3
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 579 #

2016/0362(COD)

Proposal for a directive
Article 2 – paragraph -1 (new)
Directive 98/26/EC
Article 2 – point a a (new)
In Article 2, the following point (aa) is added: “(aa) "Protected third country system" shall mean a system governed by the law of a third country and subject to Article 8 of this Directive.”
2018/02/01
Committee: ECON
Amendment 582 #

2016/0362(COD)

Proposal for a directive
Article 2 – paragraph 2 a (new)
Directive 98/26/EC
Article 10 – paragraph 2 a (new)
In article 10, the following paragraph (2a) is added: Without prejudice to paragraphs 1 and 2 of this Article, central counterparties recognised by ESMA under the Regulation (EU) No 648/2012* and third- country central securities depositories recognised by ESMA under the Regulation (EU) No 909/2014** shall be protected third country systems and listed in the ESMA list of systems protected under this Directive. Where a cooperative oversight arrangement has been established, the relevant Union central bank of issue of a currency processed in a third country payment system may notify a payment system to ESMA as a protected third country system. ESMA shall list such a system as a system protected under this Directive. _______________ * Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1). ** Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257, 28.8.2014, p. 1).
2018/02/01
Committee: ECON
Amendment 215 #

2016/0360A(COD)

Proposal for a regulation
Recital 54 a (new)
(54a) The main purpose of this regulation is promoting prudential behaviour of financial institutions. Before granting lower risk weights to green or social liabilities the European Commission should carry out an impact assessment that shows that lower risk weighting is justified by an overestimation of the risk over an entire economic cycle under the standard approach.
2018/02/02
Committee: ECON
Amendment 222 #

2016/0360A(COD)

Proposal for a regulation
Recital 56 a (new)
(56a) In line with the Fundamental Review of the Trading Book (FRTB) that the Basel Committee proposed in order to introduce the risk factor modellability assessment framework based on real price criteria, banks should be able to assess their required threshold for a risk factor based on reliable price data that reflects the market reality. Transaction data originated only from the bank may not suffice for a reliable risk assessment. This regulation should allow banks the use of data aggregators, that can also be provided by third parties, as an instrument that pools and sources real prices across the markets, broadens the view of the bank’s risk assessment and improves there liability of the data used to model the risk factor threshold.
2018/02/02
Committee: ECON
Amendment 273 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – introductory part
1. CThe competent authorities may waive in full or in part the application of Part Six to an institution and to all or some of its subsidiaries having their head offices situated in the same Member State as the institution's head office Union and supervise them as a single liquidity sub- group, where so long as they fulfil all of the following conditions are satisfied:
2018/02/02
Committee: ECON
Amendment 274 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point a
(a) the parent institution on a consolidated basis or a subsidiary institution on a sub- consolidated basis complies with the obligations laid down in Part Six;
2018/02/02
Committee: ECON
Amendment 276 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point b
(b) the parent institution on a consolidated basis or the subsidiary institution on a sub-consolidated basis monitors and has oversight at all times over the liquidity positions of all institutions within the liquiditygroup or sub- group, that are subject to the waiver in accordance with this paragraph and ensures a sufficient level of liquidity for all of thoese institutions;
2018/02/02
Committee: ECON
Amendment 277 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point c
(c) the institutions within the liquidity sub-group have entered into contracts that, to the satisfaction of the competent authorities, provide for the free movement of funds between them to enable them to meet their individual and joint obligations as they become due;
2018/02/02
Committee: ECON
Amendment 278 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 – point d
(d) there is no current or expectedforeseen material practical or legal impediment to the fulfilment of the contracts referred to in point (c).
2018/02/02
Committee: ECON
Amendment 281 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 1 a (new)
1 a. The competent authorities may waive in full or in part the application of Part Six to an institution and to all or some of its subsidiaries where all institutions of the single liquidity sub- group are authorised in the same Member State and provided that the conditions in paragraph 1 are fulfilled.
2018/02/02
Committee: ECON
Amendment 284 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 2 – introductory part
2. Competent authorities may waive in full or in part the applicaWhere institutions of Part Six to an institution and to all or some of the single liquiditsy subsidiaries having their head offices situated in different Member States than the institution's head office and supervise them as a single liquidity sub-group, only-group are authorised in several Member States, paragraph 1 shall only be applied after following the procedure laid down in Article 21 and only to the institutions whose competent authorities agree about the following elements:
2018/02/02
Committee: ECON
Amendment 285 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 2 – point a
(a) their assessment of the compliance with the conditions referred to in paragraph 1;deleted
2018/02/02
Committee: ECON
Amendment 290 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 3
3. [...]deleted
2018/02/02
Committee: ECON
Amendment 302 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 6
Regulation (EU) No 575/2013
Article 8 – paragraph 7 a (new)
7a. The European Commission shall report on the granting of liquidity and funding waivers by Competent Authorities in particularly in cross-border situations and report back to the Parliament on the functioning of cross-border liquidity sub- groups.
2018/02/02
Committee: ECON
Amendment 322 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 14
Regulation (EU) No 575/2013
Article 36 – paragraph 1 – point b
"(b) intangible assets;" (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R0575&from=(14) In paragraph 1 of Article 36, point (b) is replaced by the following: "(b) intangible assets, except investments in software that have a market value;" Or. en)
2018/02/02
Committee: ECON
Amendment 388 #

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 Directive2014/59/EU.
2018/02/02
Committee: ECON
Amendment 405 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 27
Regulation (EU) No 575/2013
Article 72c – paragraph 2 a (new)
2 a. For the purposes of paragraph 1, where an eligible liabilities instrument includes one or more early repayment options including call options exercisable by the issuer, the maturity of the instrument shall be defined as the original stated maturity of the instrument, unless the provisions governing the instrument include an explicit incentive for the principal amount of the instrument to be called, redeemed, repaid or repurchased prior to the original stated maturity. Where the provisions governing the instrument include an explicit incentive for the principal amount of the instrument to be called, redeemed, repaid or repurchased prior to the original stated maturity, the maturity of the instrument shall be defined as the earliest possible date upon which such an issuer redemption or repayment option may be exercised.
2018/02/02
Committee: ECON
Amendment 559 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 52 a (new)
(52a) In Article 124, paragraph 2 is replaced by the following: "2. Based on the data collected under Article 101, and any other relevant indicators, the competent authorities shall periodically, and at least annually, assess whether the risk-weight of 20% or 35 % for exposures secured by mortgages on residential property referred to in Article 125 and the risk weight of 50 % for exposures secured on commercial immovable property referred to in Article 126 located in their territory are appropriately based on: (a) the loss experience of exposures secured by immovable property; (b) forward-looking immovable property markets developments; Competent authorities may set a higher risk weight or stricter criteria than those set out in Article 125(2) and Article 126(2), where appropriate, on the basis of financial stability considerations. For exposures secured by mortgages on residential property, the competent authority shall set the risk weight at a percentage from 3520 % througho 150 %,. For exposures secured on commercial immovable property, the competent authority shall set the risk weight at a percentage from 50 % through 150 %, Within these ranges, the higher risk weight shall be set based on loss experience and taking into account forward-looking markets developments and financial stability considerations. Where the assessment demonstrates that the risk weights set out in Article 125(2) and Article 126(2) do not reflect the actual risks related to one or more property segments of such exposures, fully secured by mortgages on residential property or on commercial immovable property located in one or more parts of its territory, the competent authorities shall set, for those property segments of exposures, a higher risk weight corresponding to the actual risks. The competent authorities shall consult EBA on the adjustments to the risk weights and criteria applied, which will be calculated in accordance with the criteria set out in this paragraph as specified by the regulatory technical standards referred to in paragraph 4 of this Article. EBA shall publish the risk weights and criteria that the competent authorities set for exposures referred to in Articles 125, 126 and 199(1)(a)." ." Or. en (http://eur-lex.europa.eu/legal-content/en/TXT/?uri=celex%3A32013R0575)
2018/02/05
Committee: ECON
Amendment 565 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 52 a (new)
Regulation (EU) No 575/2013
Article 125 – paragraph 1 – point a
(52a) In paragraph 1 of Article 125, point (a) is replaced by the following: "(a) exposures or any part of an exposure fully and completely secured by mortgages on residential property which is or shall be occupied or let by the owner, or the beneficial owner in the case of personal investment companies, shall be assigned a risk weight of 35 %;" (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R0575&from=20% or 35% in accordance with the conditions of paragraph 2;" Or. en)
2018/02/05
Committee: ECON
Amendment 569 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 52 a (new)
Regulation (EU) No 575/2013
Article 125 – paragraph 2 – point d
(52a) In paragraph 2 of Article 125, point (d) is replaced by the following: "(d) unless otherwise determined under Article 124(2), the part of the loan to which the 3520 % risk weight is assigned does not exceed 8075 % of the market value of the property in question or 8075 % of the mortgage lending value of the property in question in those Member States that have laid down rigorous criteria for the assessment of the mortgage lending value in statutory or regulatory provisions; the part of the loan which exceeds 75% of the market value of the property in question or 75% of the mortgage lending value of the property in question receives a risk weighting of 35%."
2018/02/05
Committee: ECON
Amendment 596 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 60 a (new)
Regulation (EU) No 575/2013
Article 234
(60a) Article 234 is replaced by the following: "Article 234 Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching Where an institution transfers a part of the risk of a loan in one or more tranches, the rules set out in Chapter 5 shall apply. A guarantee or financial collateral may be recognised as a credit risk mitigant in relation to exposures secured by real estate if it qualifies as eligible collateral under the credit risk mitigation framework. This may include mortgage insurance if it meets the operational requirements of the credit risk mitigation framework for a guarantee. Banks may recognise these risk mitigants in calculating the exposure amount. The LTV bucket and risk weight to be applied to the exposure amount must be determined before the application of the appropriate credit risk mitigation technique. The EBA shall develop draft regulatory technical standards to specify the operational requirement for the credit risk mitigating framework for a guarantee. Institutions may consider materiality thresholds on payments below which no payment shall be made in the event of loss to be equivalent to retained first loss positions and to give rise to a tranched transfer of risk."
2018/02/05
Committee: ECON
Amendment 618 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 83
Regulation (EU) No 575/2013
Article 325 c – paragraph 1
1. Any position which an institution 1. has deliberately taken in order to hedge against the adverse effect of foreign exchange rates on its ratios referred to in Article 92(1) may, subject to permission of the competent authorities, be excluded from the calculation of own funds requirements for market risks, provided the following conditions are met: (a) tThe exclusion is limited to the largest of the following amounts: (i) affiliated entities denominatinstitution provides to the competent authorities its hed gin foreign currencies but which are not consolidated with the institution; (ii) consolidated subsidiaries denominated in foreign currencies. (b) the exclusion from the calculation of own funds requirements for market risks is made for at least six months; (c) competent authorities the details of that position, has substantiated that that positiong policy that substantiates that the position exempted from the market risk requirements has been entered into for the purpose of hedging partially or totally against the adverse effect of the exchange rate on its ratios defined in accordance with Article 92(1) and. the amounts of that position that are excluded from the own funds requirements for market risk as referred to in point (a)investment in the amount of investment in (b) Competent authorities shall approve the hedging policy of the institution. the institution has provided to the Taking into account EBA/DP/2017/01of 22 June 2017, EBA shall develop draft regulatory technical standards specifying in which circumstances the conditions set out in this article are met.
2018/02/05
Committee: ECON
Amendment 631 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 a i – table 4 – columns Sector and Risk weight – row Bucket 9
Table 4 [Bucket 9 is subdivided in the following two categories:] Credit Quality Step 1 - Covered bonds issued by credit institutions in Member States: 1,0%; Credit Quality Step 2 and 3 - Covered bonds issued by credit institutions in Member States: 2.0%;
2018/02/05
Committee: ECON
Amendment 634 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 84
Regulation (EU) No 575/2013
Article 325 a w – paragraph 2
2. The risk weight of the foreign exchange risk factors concerning currency pairs which are composed by the Euro and the currency of a Member State participating in the second stage of the economic and monetary union shall be one of the following: (a) the risk weight referred to in paragraph 1 divided by √2. 3; (b) the maximum fluctuation within the fluctuation band formally agreed by the Member State and the European Central Bank if narrower than the fluctuation band defined under the second stage of the economic and monetary union (ERM II).
2018/02/05
Committee: ECON
Amendment 653 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 84
4. For the purposes of points (b) and (c) of paragraph 3, institutions may consider a price or a committed quote provided by a third party as a verifiable price, provided that the third party agrees to provide evidence of the transaction or a committed quote to competent authorities upon request. As evidence, the third party shall provide details of the transaction amount (needed to test that the transaction was not a negligible amount) and the transaction price (to assess the ‘realness’ of the transactions).
2018/02/05
Committee: ECON
Amendment 718 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 103
Regulation No 575/2013/EU
Article 411 – point 15 a (new)
(15a) "Factoring" means a contractual agreement between a business (assignor) and a financial entity (factor) in which the assignor assigns or sells its receivables to the factor in exchange of providing the assignor with one or more of the following services with regard to the receivables assigned: – advance of a percentage of the amount of receivables assigned generally short term, uncommitted and without automatic roll-over, – receivables management, collection and credit protection generally the factor administering the assignor’ sales ledger and collecting the receivables in its own name.
2018/02/05
Committee: ECON
Amendment 719 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 103
Regulation No 575/2013/EU
Article 411 – subparagraph 1 a (new)
For the purposes of this Part, factoring shall be treated as trade finance.
2018/02/05
Committee: ECON
Amendment 737 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 d – paragraph 4
4. All derivative contracts referred to in points (a) to (e) of paragraph 2 of Annex II that involve a full exchange of principal amounts on the same date shall be calculated on a net basis across currencies, including for the purpose of reporting in a currency that is subject to a separate reporting in accordance with Article 415(2), even where those transactions are not included in the same netting set that fulfils the requirements set out in Articles 295, 296 and 297.
2018/02/05
Committee: ECON
Amendment 772 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
A 50% RSF factor applies to securities that are held on balance sheet to hedge an exposure to a client facing equity derivative which are in turn re-used or re- pledged, and the period of encumbrance is for between six months and one year. If a higher required stable funding factor would apply then this should override this treatment. A 100% required stable funding factor applies to equity securities held to hedge an institution’s exposure to an equity derivative where the security is held on balance sheet and is encumbered for a period of greater than one year.
2018/02/05
Committee: ECON
Amendment 783 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 r – paragraph 1 – point f a (new)
(fa) 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 credit institutions and other regulated financial institutions as defined in Delegated Regulation (EU) 2015/61, where those assets are collateralised by assets that qualify as Level 1 assets under Title II of Delegated Regulation (EU)2015/61, excluding 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 793 #

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 803 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point d a (new)
(da) equity securities held to hedge an institution’s exposure to a client facing equity derivative which has been funded by initial margin. The initial margin should at a minimum cover the value of the equity securities held and the securities should be the same as the underlying exposure of the equity derivative transaction.
2018/02/05
Committee: ECON
Amendment 806 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 s – point d b (new)
(db) For all netting sets of derivative contracts subject to margin agreements under which institutions post variation margins to their counterparties, institutions shall apply a 5% required stable funding factor to the absolute market value of those netting sets of derivative contracts, gross of any collateral posted, where those netting sets have a negative market value.
2018/02/05
Committee: ECON
Amendment 823 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114 (new)
Regulation (EU) No 575/2013
Article 428 w – point b a (new)
(ba) equity securities, or relevant portions of equity securities, held to hedge an institution’s exposure to a client facing equity derivative which would qualify as Level 2B liquid assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 and which are the same as the underlying exposure of the equity derivative transaction but:- the institution has not received initial margin; or,- the value of the equity securities exceeds the value of initial margin received.
2018/02/05
Committee: ECON
Amendment 828 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 x – paragraph 2
2. For all netting sets of derivative contracts subject to margin agreements under which institutions post variation margins to their counterparties, institutions shall apply a 20% required stable funding factor to the absolute market value of those netting sets of derivative contracts, gross of any collateral posted, where those netting sets have a negative market value.deleted
2018/02/05
Committee: ECON
Amendment 840 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a c – point a
(a) unencumbered assets eligible as Level 2B assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61, excluding Level 2B securitisations and high quality covered bonds referred to in points (a) and (e) of Article 12(1) of that Delegated Regulation, and equity securities described in Article 428rs(d) or Article 428w(c) regardless of their compliance with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in Articles 8 and 17 of that Delegated Regulation;
2018/02/05
Committee: ECON
Amendment 845 #

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) equity securities, or relevant portions of equity securities, held to hedge an institution’s exposure to a client facing equity derivative which would not qualify as Level 2B liquid assets in accordance with Article 12 of Delegated Regulation (EU) 2015/61 and which are the same as the underlying exposure of the equity derivative transaction but: – the institution has not received initial margin; or, – the value of the equity securities exceeds the value of initial margin received.
2018/02/05
Committee: ECON
Amendment 848 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point c
(c) unencumbered loans with a residual maturity of one year or more, excluding loans to financial customers, residential mortgage loans and loans referred to in Article 428r to 428ae, which are not past due for more than 90 days and which are assigned a risk weight of more than 35% in accordance with Chapter 2 of Title II of Part Three;
2018/02/05
Committee: ECON
Amendment 849 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 114
Regulation (EU) No 575/2013
Article 428 a f – point c a (new)
(ca) The part of the residential mortgage loans that exceeds 75% of the market value of the property in question or 75% of the mortgage lending value of the property in question;
2018/02/05
Committee: ECON
Amendment 851 #

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, excluding equity securities described in Article 428s(d) or Article428ac(h);
2018/02/05
Committee: ECON
Amendment 888 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 a – paragraph 1 – point d
(d) where the institution is a public development credit institution, the exposures arising from assets that constitute claims on central governments, regional governments, local authorities or public sector entities in relation to public sector investments;
2018/02/05
Committee: ECON
Amendment 903 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 a – paragraph 2 – point d
(d) subject to state aid rules, the central government, regional government or local authority has an obligation to protect the credit institution's viability or directly or indirectly guarantees at least 90% of the credit institution's own funds requirements, funding requirements or exposurespromotional loans granted;
2018/02/05
Committee: ECON
Amendment 910 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 a – paragraph 2 – point e a (new)
(ea) At least 90% of the promotional loans are granted by the institution to central governments, regional governments, local authorities or entities providing public services. If the loan is provided to an entity providing public services the loan needs to be guaranteed by a central or regional government or a local authority.
2018/02/05
Committee: ECON
Amendment 913 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 3 – introductory part
3. For the purposes of paragraph 1 of this Article, institutions calculating the replacement cost of derivative contracts in accordance with Article 275 may recognise only collateral received in cashthat qualifies as Level 1 high quality liquid assets in accordance with Article 10 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, regardless of their compliance with the operational requirements as set out in Article 8 of that Delegated Regulation from their counterparties as the variation margin referred to in Article 275, where the applicable accounting framework has not already recognised the variation margin as a reduction of the exposure value and where all of the following conditions are met:
2018/02/05
Committee: ECON
Amendment 916 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 3 – point a
(a) for trades not cleared through a QCCP, the cash receivedLevel 1 high quality liquid asset received as collateral by the recipient counterparty is not segregated;
2018/02/05
Committee: ECON
Amendment 922 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 3 – subparagraph 2
For the purposes of the first subparagraph, where an institution provides cash collateral as referred to under paragraph 3 to a counterparty and that collateral meets the conditions laid down in points (a) to (e) of that subparagraph, the institution shall consider that collateral as the variation margin posted to the counterparty and shall include it in the calculation of replacement cost.
2018/02/05
Committee: ECON
Amendment 928 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 4
4. For the purposes of paragraph 1 of this Article, institutions shall not include collateral received in the calculation of NICA as defined in point 12a of Article 272, except in the case of derivatives contracts with counterparties referred to under point (10) of Article 2 of Regulation (EU) No 648/2012 or with clients where those contracts are cleared by a QCCP.
2018/02/05
Committee: ECON
Amendment 931 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 115
Regulation (EU) No 575/2013
Article 429 c – paragraph 5
5. For the purposes of paragraph 1 of this Article, institutions shall set the value of the multiplier used in the calculation of the potential future exposure in accordance with Article 278(1) to one, except in the case of derivatives contracts with counterparties referred to under point (10) of Article 2 of Regulation (EU) No 648/2012 or with clients where those contracts are cleared by a QCCP.
2018/02/05
Committee: ECON
Amendment 939 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 430 a – subparagraph 1 a (new)
The competent authority shall make sure that no more than 10% of the total value of the assets of all institutions in a Member States is subject to lower reporting requirements.
2018/02/05
Committee: ECON
Amendment 981 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 448 – paragraph 1 – point e – point ii
(ii) a description of the key modelling and parametric assumptions used in the institutions' internal measurement systems that would differ from the common modelling and parametric assumptions referred to in Article 98(5a) of Directive 2013/36/EU and paragraph 2 of this Article for the purpose of calculating changes to the economic value of equity and to the net interest income under the six supervisory scenarios, including the rationale for those differences;
2018/02/05
Committee: ECON
Amendment 1003 #

2016/0360A(COD)

Proposal for a regulation
Article 1 – paragraph 1 – point 120 – point a a (new)
Regulation (EU) No 575/2013
Article 493 – paragraph 3 – point c
(c) exposures, including participations or other kinds of holdings, incurred by an institution to its parent undertaking, to other subsidiaries of that parent undertaking or to its own subsidiaries, in so far as those undertakings are covered by the supervision on a consolidated basis to which the institution itself is subject, in accordance with this Regulation, Directive 2002/87/EC or with equivalent standards in force in a third country. Exposures that do not meet those criteria, whether or not exempted from Article 395(1) of this Regulation, shall be treated as exposures to a third party;aa) in paragraph 3, point (c) is deleted; deleted
2018/02/05
Committee: ECON
Amendment 1026 #

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 ofat least 50% of the repayment of the obligation is the income generated by the assets being financed, rather than the independent capacity of a broader commercial enterprise;or comes from regional, national or international subsidies, guarantees or investments from public bodies or other legal entities in the area of public services.
2018/02/05
Committee: ECON
Amendment 1093 #

2016/0360A(COD)

Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1 – point b a (new)
(ba) competent authorities may allow the use of the exposure value calculation methods set out in Articles 274 to 280f for the purposes defined in Article 429 and 429c following the application date of paragraph (a). Notwithstanding this provision, institutions will be required to meet the disclosure obligations laid down Regulation (EU) 2016/200 until the application date of this Regulation.
2018/02/05
Committee: ECON
Amendment 21 #

2015/0270(COD)

Proposal for a regulation
Recital 8
(8) Although Directive 2014/49/EU significantly improves the capacity of national schemes to compensate depositors, more efficient deposit guarantee arrangements are needed at the level of the Banking Union to ensure sufficient financial means to underpin the confidence of all depositors and thereby safeguard financial stability. EDIS would increase the resilience of the Banking Union against future crises by sharing risk more widely and would offer equal protection for insured depositors, supporting the proper functioning of the internal market. In order to limit the risk born by deposit holders, any form of EDIS should be linked to concrete risk-reducing measures such as the introduction of risk-weighted capital requirements to sovereign exposure;
2024/03/13
Committee: ECON
Amendment 164 #

2013/0186(COD)

Proposal for a regulation
Article 3 – paragraph 3 – introductory part
3. Without prejudice to paragraph 1, the national supervisory authorities shall be legally distinct and independent from any other public or private entity in terms of their organisation, functioning, legal structure and decision-making.deleted
2021/02/05
Committee: TRAN
Amendment 367 #

2013/0186(COD)

Proposal for a regulation
Article 8 – paragraph 3
3. Member States shall take all necessary measures to ensure that the provision of en route air traffic services is separated in terms of organisation from the provision of CNS, AIS, ADS, MET and terminal air traffic services and that the requirement concerning the separation of accounts referred to in Article 25(3) is respected.deleted
2021/02/08
Committee: TRAN
Amendment 409 #

2013/0186(COD)

Proposal for a regulation
Article 10 – paragraph 2 – point a
(a) Union -wide performance targets on in the key performance areas of safety, the environment, capacity and cost-efficiency for each reference period ;
2021/02/08
Committee: TRAN
Amendment 411 #

2013/0186(COD)

Proposal for a regulation
Article 10 – paragraph 2 – point b
(b) national performance plans including bindingor plans for functional airspace blocks including binding performance targets, ensuring consistency with the Community-wide performance targets in the key performance areas mentioned in point (a) for each reference period ;
2021/02/08
Committee: TRAN
Amendment 414 #

2013/0186(COD)

Proposal for a regulation
Article 10 – paragraph 2 – point c a (new)
(ca) the Commission may approve the performance plans in accordance with the examination procedure referred to in Article 37(3).
2021/02/08
Committee: TRAN
Amendment 420 #

2013/0186(COD)

Proposal for a regulation
Article 10 – paragraph 2 – subparagraph 1
The Commission may, in accordance with the examination procedure referred to in Article 37(3), take a decision to add additional key performance areas for performance target setting or monitoring purposes, where necessary to improve performance.
2021/02/08
Committee: TRAN
Amendment 439 #

2013/0186(COD)

Proposal for a regulation
Article 11 – paragraph 1
1. The Commission shall adopt the Union-wide performance targets for en route air navigation services and for terminal air navigation services in the key performance areas of safety, environment, capacity and cost-efficiency for each reference period, in accordance with the advisoryexamination procedure referred to in Article 37(2) and with paragraphs 2 to 3 of this Article. In conjunction with the Union- wide performance targets, the Commission may define complementary baseline values, breakdown values or benchmark groups, for the purpose of enabling the assessment and approval of draft performance plans in accordance with the criteria referred to in Article 13(3).
2021/02/08
Committee: TRAN
Amendment 803 #

2013/0186(COD)

Proposal for a regulation
Article 26 – paragraph 3 – point b
(b) management of the delivery of air traffic control capacity in the network as set out in the binding Network Operations Plan (NOP);
2021/02/09
Committee: TRAN
Amendment 849 #

2013/0186(COD)

Proposal for a regulation
Article 27 – paragraph 6 – point a
(a) decide on individual measures to implement the network functions and to support the effective implementation of the binding Network Operations Plan and the achievement of the binding performance targets;
2021/02/09
Committee: TRAN
Amendment 894 #

2013/0186(COD)

Proposal for a regulation
Article 35 – paragraph 3 a (new)
3a. Through enhanced cooperation across borders and shared responsibilities, Member States and neighbouring third countries may implement a functional airspace block under this Regulation with a view to improving capacity and efficiency of the air traffic management network within the Single European sky.
2021/02/09
Committee: TRAN