1 Amendments of Sabrina PIGNEDOLI related to 2021/0114(COD)
Amendment 50 #
Proposal for a regulation
Recital 7
Recital 7
(7) To ensure a level playing field throughout the internal market and consistency in the application of this Regulation, the Commission should be the sole authority competent to apply this Regulation. The Commission should have the power to examine any foreign subsidy to the extent it is in the scope of this Regulation in any sector of the economy on its own initiative relying on information from all available sources. To ensure effective control, in the specific case of large concentrations (mergers and acquisitions) and public procurement procedures above certain thresholds, the Commission should have the power to review foreign subsidies based on a prior notification by the undertaking to the Commission. The Commission should pay particular attention to money flows coming from tax havens, where the opacity of banks, companies and other subjects makes it impossible to establish the origin of funds coming into EU countries.