10 Amendments of Markus FERBER related to 2020/0106(COD)
Amendment 74 #
Proposal for a regulation
Recital 3
Recital 3
(3) In order to counter the severe economic consequences of the Covid-19 pandemic in the Union, companies that have encountered difficulties because of the economic crisis caused by the pandemic and that cannot obtain sufficient support through market financing, or measures undertaken by Member States, should be provided with a facility for solvency support as a matter of urgency under a Solvency Support Instrument which should be added as a third window under the EFSI. The Solvency Support Instrument should be focussed on this objective alone and should not be concerned with secondary objectives (e.g. in the area of taxation).
Amendment 91 #
Proposal for a regulation
Recital 4
Recital 4
(4) Companies supported under the Solvency Support Instrument should be established and operating in the Union, meaning that they should have their registered office in a Member State and should be active in the Union in the sense that they have substantial activities in terms of staff, manufacturing, research and development or other business activities in the Union. They should pursue activities in support of objectives covered by this Regulation. TheyIn order to ensure that only those companies receive support that are indeed affected by the spread of Covid-19, receiving companies should have a viable business model and notmust be able to demonstrate that they have not been in difficulty in terms of the State aid framework7 already at end 2019. Support should be targeted at eligible companies operating in those Member States and sectors which are most impacted by the Covid-19 crisis and/or where the availability of State solvency support is more limited. _________________ 7 As defined in Article 2(18) of Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty (OJ L 187, 26.6.2014, p.1).
Amendment 103 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) In order to have an instrument that is as flexible as possible, there should be no geographical earmarking of funds under this instrument.
Amendment 112 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) Without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact, any contributions by Member States, either by a Member State or by national promotional banks classified in the general government sector or acting on behalf of a Member State, into the EFSI, thematic or multi- country investment platforms, special purpose vehicles or funds as well as other arrangements established for the implementation of the solvency support window, should in principle be treated as regular government expenditure for the purposes of the Stability and Growth Pact and should not enjoy any favourable treatment.
Amendment 139 #
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12a) In order to avoid abuse and maximize the effect on the real economy and on employment, temporary payout restrictions may be put in place by the Investment Committee for the investee companies receiving EFSI financing through the solvency support window.
Amendment 149 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) In order to ensure a high degree of democratic accountability and transparency, the EIB should prepare an annual report on the deployment of funds under the SSI. Upon request from the competent committee of the European Parliament, the Chair of the Steering Board and the Managing Director should make themselves available for hearings to report on the state of play of the instrument.
Amendment 166 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Regulation (EU) 2015/1017
Article 6 – paragraph 1 – point a – subparagraph 1 a (new)
Article 6 – paragraph 1 – point a – subparagraph 1 a (new)
However, support under the solvency support window shall only be granted if it is to the benefit of companies that were not in difficulty in State aid terms8 already at the end of 2019 but since then face significant solvency risks due to the crisis caused by the Covid-19 pandemic;. Companies have to be able to demonstrate the viability of their business model by the end of 2019 upon request. _________________ 8 As defined in Article 2(18) of Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty (OJ L 187, 26.6.2014, p. 1).
Amendment 182 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – subparagraph 3 – introductory sentence
Article 9 – paragraph 2 – subparagraph 3 – introductory sentence
Amendment 226 #
Proposal for a regulation
Article 1 – paragraph 1 – point 28 a (new)
Article 1 – paragraph 1 – point 28 a (new)
Regulation (EU) 2015/1017
Article 16 – paragraph 6
Article 16 – paragraph 6
(28a) In Article 16(6), the following sentence is added: "By 31 December 2021, and annually thereafter, the Commission shall submit a report on the deployment of the funds under the Solvency Support Instrument to the European Parliament, to the Council, and to the Court of Auditors."
Amendment 250 #
Proposal for a regulation
Article 1 – paragraph 1 – point 31 – point 4
Article 1 – paragraph 1 – point 31 – point 4
Regulation (EU) 2015/1017
Annex II – Section 8 – point b
Annex II – Section 8 – point b