2 Amendments of Helmut SCHOLZ related to 2016/0274(COD)
Amendment 4 #
Proposal for a regulation
Recital 4
Recital 4
(4) The amount of the Guarantee Fund in surplus exceeding 10% of the Union's total outstanding capital liabilities should be paid back to the general budget of the Union in order to better protect the budget against potential additional risk of default of the EIB financing operations addressing root causes of migration. This should enable the Fund to support the ambitious External Investment Plan for third countries, in other words, in the context of the European Agenda on Migration, to tackle the root causes of migration, while contributing to the achievement of other development goals.
Amendment 8 #
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 contain a performance record of the Fund’s contribution to the goal of the External Investment Plan in the context of the European Agenda on Migration, namely to tackle the root causes of migration, while contributing to the achievement of other development goals. 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.