2 Amendments of Udo BULLMANN related to 2016/0276(COD)
Amendment 234 #
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21 a) To promote the investment goals of this Regulation, blending with existing funds should be systematically enabled in order to provide adequate concessionalities in the financing terms and conditions, including the pricing, of EFSI operations.
Amendment 292 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) No 2015/1017
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
(2 a) the following paragraph is added: 'Furthermore, in line with the pricing policies, the Steering Board shall set out guidelines which foresee that: - as a general rule, EFSI shall take a junior position versus other investors, and the pricing of the EFSI operations shall be modulated including blending where necessary to enable projects in order to maximize leverage of funds and to take into account local market conditions; - the pricing policy for equity-type operations taking into account that pricing levels shall remain behind market prices significantly. According to the principle of subsidiarity, a higher pricing can be agreed where the private or public investors plan to bring in sufficient equity risk taking money.';