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8 Amendments of Zbigniew KUŹMIUK related to 2018/0229(COD)

Amendment 271 #
Proposal for a regulation
Recital 27
(27) A Project Team consisting of experts put at the disposal of the Commission by the implementing partners in order to provide professional expertise in financial and technical assessment of proposed financing and investment operations should score those submitted by the implementing partners to be assessed by the Investment Committee.deleted
2018/11/07
Committee: BUDGECON
Amendment 280 #
(29) In selecting implementing partners for the deployment of the InvestEU Fund, the Commission should consider the counterpart's capacity to fulfil the objectives of the InvestEU Fund and contribute its own resources, in order to ensure adequate geographical coverage and diversification, to crowd-in private investors and to provide sufficient risk diversification as well as new solutions to address market failures and sub-optimal investment situations. Given its role under the Treaties, its capacity to operate in all Member States and the existing experience under the current financial instruments and the EFSI, the European Investment Bank (‘EIB’) Group should remain a privileged implementing partner under the InvestEU Fund's EU compartment. In addition to the EIB Group, national promotional banks or institutions should be able to offer a complementary financial product range given that their experience and capabilities at regional level could be beneficial for the maximisation of the impact of public funds on the territory of the Union. Moreover, it should be possible to have other international financial institutions as implementing partners, in particular when they present a comparative advantage in terms of specific expertise and experience in certain Member States. It should also be possible for other entities fulfilling the criteria laid down in the Financial Regulation to act as implementing partners.
2018/11/07
Committee: BUDGECON
Amendment 292 #
Proposal for a regulation
Recital 30
(30) In order to ensure that interventions under the EU compartment of the InvestEU Fund should focus on market failures and sub-optimal investment situations at Union level, but, at the same time, satisfy the objectives of best possible geographic outreach, the EU guarantee should be allocated to implementing partners, which alone or together with other implementing partners, can cover at least three Member States. However, it is expected that around 75 % of the EU guarantee under the EU compartment would be allocated to implementing partner or partners that can offer financial products under the InvestEU Fund in all Member States.
2018/11/07
Committee: BUDGECON
Amendment 439 #
Proposal for a regulation
Article 7 – paragraph 5
5. Implementing partners shall target that at least 530 % of the investment under the sustainable infrastructure policy window contribute to meeting the Union objectives on climate and environment.
2018/11/07
Committee: BUDGECON
Amendment 532 #
Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 2
For the EU compartment, the eligible counterparts shall have expressed their interest and shall be able to cover financing and investment operations in at least three Member States. The implementing partners may also cover together financing and investment operations in at least three Member States by forming a group.
2018/11/07
Committee: BUDGECON
Amendment 562 #
Proposal for a regulation
Article 15 – paragraph 3
3. No administrative expenditure or feeIn order to secure that e.g. promotional banks arelated to the able to implementation of the financing and investment operations under the EU guarantee shall be due to the implementing partner by the Commission, unless the nature of the policy objectives targe, the administrative expenditure or fees related byto the financial product to be implemented allows the implementing partner to demonstrate the need for an exceptionimplementation could be covered from the assets allocated in general EU budget. Coverage of such costs shall be laid down in the guarantee agreement and shall comply with [Article 209(2)(g)] of the [Financial Regulation].
2018/11/07
Committee: BUDGECON
Amendment 601 #
Proposal for a regulation
Article 18
1. experts, put at the disposal of the Commission by the implementing partners free of charge for the Union budget, shall be established. 2. assign experts to the project team. The number of the experts shall be established in the guarantee agreement. 3. whether the proposed financing and investment operations by the implementing partners comply with Union law and policies. 4. Commission referred to in paragraph 3, the project team shall perform a quality control of the due diligence of the proposed financing and investment operations carried out by the implementing partners. Financing and investment operations shall be then submitted to the Investment Committee for approval of the coverage by the EU guarantee. The project team shalArticle 18 deleted Project team A project team consisting of Each implementing partner shall The Commission shall confirm Subject to the confirmation by the the benefit for final prepare the scoreboard on the proposed financing and investment operations for the Investment Committee. The scoreboard shall, in particular, contain an assessment of: (a) the risk profile of the proposed financing and investment operations; (b) (c) criteria. Each implementing partner shall provide adequate and harmonised information to the project team in order for it to be able to carry out its risk analysis and prepare the scoreboard. 5. assess the due diligence or appraisal relating to a potential financing or investment operation submitted by the implementing partner that has put the expert at the disposal of the Commission. That expert shall also not prepare the scoreboard in relation to those proposals. 6. declare to the Commission any conflict of interest and shall communicate without delay to the Commission all information needed to check on an ongoing basis the absence of any conflict of interest. 7. detailed rules for the functioning of the project team and for the verification of conflict of interest situations. 8. detailed rules for the scoreboard to enable the Investment Committee to approve the use of the EU guarantee for a proposed financing or investment operation.cipients; the respect of the eligibility A project team expert shall not Each project team expert shall The Commission shall lay down The Commission shall lay down
2018/11/07
Committee: BUDGECON
Amendment 729 #
Proposal for a regulation
Article 23 – paragraph 2
2. By 30 September 20254, the Commission shall carry out an interim evaluation on the InvestEU Programme, in particular on the use of the EU guarantee.
2018/11/07
Committee: BUDGECON