1 Amendments of Victor NEGRESCU related to 2016/0274(COD)
Amendment 2 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EC, Euratom) No 480/2009
Article 8 – paragraph 2
Article 8 – paragraph 2
In addition, it shall, by 31 May of each year, submit to the European Parliament, to the Council and to the Court of Auditors an annual report on the management of the Guarantee Fund in the previous calendar year. The annual report shall contain the presentation of the financial position of the Guarantee Fund at the end of the previous calendar year, the financial flows during the previous calendar year as well as the significant transactions and any relevant information on the financial accounts. The report shall also include information about the financial management and performance and the risk of the Guarantee Fund at the end of the previous calendar year as well as an assessment of how the surplus exceeding 10% of the Union's total outstanding capital liabilities that will be paid back to the general budget of the Union minimises the potential additional risk of default of the EIB operations related to the migration crisis.