45 Amendments of Evžen TOŠENOVSKÝ related to 2015/0009(COD)
Amendment 51 #
Proposal for a regulation
Recital 9
Recital 9
(9) The investment environment within the Union should be improved by removing barriers to investment, cutting the red tape and reducing administrative burdens, reinforcing the Single Market and by enhancing regulatory predictability. The work of the EFSI, and investments across Europe generally, should benefit from this accompanying work.
Amendment 52 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9 a) The EFSI should be considered as a temporary and one-off instrument within the multiannual financial framework for the years 2014-2020.
Amendment 55 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union and to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to innovative micro-, small-, and medium-sized enterprises. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's economic, social and territorial cohesion.
Amendment 59 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to achieving Union policy objectives. such as high level of the energy security and well-functioning digital single market. All operations under EFSI should be consistent with Union policies, including cohesion policy, and complementary to other relevant EU financial instruments (Connecting Europe Facility, Horizon 2020, COSME, European Structural and Investment Funds), as well as other public and private financing instruments at national and regional level.
Amendment 62 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to achieving Union policy objectives, and all operations under EFSI should be consistent with Union's policies. In this perspective, EFSI support to transport infrastructure should contribute to the objectives of Regulation (EU) 1315/2013 (CEF) and Regulation No 1316/2013 (TEN-T).
Amendment 69 #
Proposal for a regulation
Recital 9
Recital 9
(9) The investment environment within the Union should be improved by removing barriers to investment, cutting the red tape and reducing administrative burdens, reinforcing the Single Market and by enhancing regulatory predictability. The work of the EFSI, and investments across Europe generally, should benefit from this accompanying work.
Amendment 72 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9a) The EFSI should be considered as a temporary and one-off instrument within the multiannual financial framework for the years 2014-2020.
Amendment 79 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union and to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to innovative micro, small, and medium-sized enterprises. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's economic, social and territorial cohesion.
Amendment 86 #
Proposal for a regulation
Recital 29 a (new)
Recital 29 a (new)
(29 a) The EFSI should help to overcome Europe's current investment difficulties and thus contribute to strengthening the Union's economic, social and territorial cohesion. The contribution from the Union budget to the EU Guarantee Fund should therefore be redeployed from other funds than from the funds already allocated to the cohesion policy.
Amendment 89 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments, including improving the level of the EU energy security, with high economic value added contributing to achieving Union policy objectives.
Amendment 91 #
Proposal for a regulation
Recital 11
Recital 11
(11) The EFSI should support strategic investments with high economic value added contributing to achieving Union policy objectives. such as high level of the energy security and well-functioning digital single market. All operations under EFSI should be consistent with Union policies, including cohesion policy, and complementary to other relevant EU financial instruments (Connecting Europe Facility, Horizon 2020, COSME, European Structural and Investment Funds), as well as other public and private financing instruments at national and regional level.
Amendment 95 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 1
Article 1 – paragraph 1 – subparagraph 1
The Commission shall conclude an agreement with the European Investment Bank (EIB) on the establishment of a European Fund for Strategic Investments ('EFSI') for the period 2015-2020.
Amendment 98 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support investments in the Union and to ensure increased access to financing for companies having up to 3000 employees, with a particular focus on innovative micro-, small- and medium-sized enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement').
Amendment 102 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The Commission Communication (COM(2014/330) on the European Energy Security Strategy has stressed that in order to improve energy security, Member States should complete the transposition of internal energy market legislation, notably unbundling rules, including a provision that transmission system operators controlled by non-EU entities comply with the same obligations as those controlled by EU entities; however the recent experience of certain non-EU operators seeking to avoid compliance with EU legislation on EU territory requires a stricter application and a reinforcement of the applicable rules at EU and Member State level: it can be facilitated by provision that only those projects concerning gas that are carried out in gas infrastructure sectors in Member States where the effective ownership unbundling is implemented, shall be eligible for the EU guarantee.
Amendment 115 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixeight independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance andin general, and where possible also specifically in the policy areas referred to Article 5a(2). They shall be appointed by the Steering Board for a renewable fixed term of up to three years and not exceeding 6 years in total.
Amendment 120 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Article 5 – paragraph 2 – subparagraph 1 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies and support any of the following general objectives:
Amendment 121 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
Amendment 141 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b
Article 5 – paragraph 2 – subparagraph 1 – point b
Amendment 146 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point c
Article 5 – paragraph 2 – subparagraph 1 – point c
Amendment 149 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point d
Article 5 – paragraph 2 – subparagraph 1 – point d
Amendment 154 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point e
Article 5 – paragraph 2 – subparagraph 1 – point e
Amendment 156 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2 a. When establishing the investment policy and risk policy for the EFSI support, the Steering Board shall take into account the need to avoid an excessive exposure within a given geographic area.
Amendment 159 #
Proposal for a regulation
Article 5 – paragraph 4
Article 5 – paragraph 4
4. Provided that all relevant eligibility criteria are fulfilled, Member States may use European Structural and Investment Funds to contribute to the financing of eligible projects in which the EIB is investing with the support of the EU guarantee.
Amendment 160 #
Proposal for a regulation
Article 5 a (new)
Article 5 a (new)
Article 5 a Eligibility criteria for the use of the EU guarantee 1. The EFSI Agreement shall provide that EFSI is to support in a non- discriminatory way projects which: (a) are consistent with Union policies, (b) contribute to EU's competitiveness, economic growth and creating new jobs, (b) are economically and technically viable, (c) provide additionality, (d) maximise where possible the mobilisation of private sector capital. 2. In addition, the EFSI Agreement shall provide that the EFSI is to support projects pursuing any of the following general objectives: (a) development of the energy sector, in particular energy interconnections and other infrastructure, and thus contributing to energy security; (b) development of the digital economy and society, in particular infrastructure for information and communication technologies, and thus contributing to the digital single market; (c) development of the transport infrastructure; (d) science, research, development and innovations; (e) education and training; (f) financial support for companies having up to 3000 employees, with a particular focus on innovative micro-, small- and medium-sized enterprises.
Amendment 175 #
Proposal for a regulation
Article 8 – paragraph 5 a (new)
Article 8 – paragraph 5 a (new)
5 a. As far as the payments from the general budget of the Union referred to in paragraph 2(a) are concerned, the funds under heading 1B (Economic, social and territorial cohesion) shall not be redeployed.
Amendment 185 #
Proposal for a regulation
Article 12 – paragraph 2 – introductory part
Article 12 – paragraph 2 – introductory part
2. By 30 June 2018 and every three years thereafter, two years thereafter and by 6 months from the date of termination of the agreement on EFSI:
Amendment 187 #
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
In accordance with its own transparency policies on access to documents and information, the EIB shall make publicly available on its website information relating to all EIB financing and investment operations and how they contribute to the general objectives and other eligibility criteria referred to in Article 5(2)a.
Amendment 217 #
Proposal for a regulation
Recital 29 a (new)
Recital 29 a (new)
(29a) The EFSI should help to overcome Europe's current investment difficulties and thus contribute to strengthening the Union's economic, social and territorial cohesion. The contribution from the Union budget to the EU Guarantee Fund should therefore be redeployed from funds other than those already allocated to the cohesion policy.
Amendment 230 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 1
Article 1 – paragraph 1 – subparagraph 1
The Commission shall conclude an agreement with the European Investment Bank (EIB) on the establishment of a European Fund for Strategic Investments ('EFSI') for the period 2015-2020.
Amendment 241 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support investments in the Union and to ensure increased access to financing for companies having up to 3 000 employees, with a particular focus on innovative micro-, small- and medium-sized enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement').
Amendment 326 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixeight independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance andin general, and where possible also specifically in the policy areas referred to Article 5a(2). They shall be appointed by the Steering Board for a renewable fixed term of up to three years and not exceeding six years in total.
Amendment 338 #
Proposal for a regulation
Article 5 – paragraph 2 – introductory part
Article 5 – paragraph 2 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies, including cohesion policy, and support any of the following general objectives:
Amendment 341 #
Proposal for a regulation
Article 5 – paragraph 2 – introductory part
Article 5 – paragraph 2 – introductory part
The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Article 3(5) or funding to the EIF in order to conduct EIB financing and investment operations in accordance with Article 7(2). The operations concerned shall be consistent with Union policies and support any of the following general objectives:
Amendment 345 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
Amendment 368 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b
Article 5 – paragraph 2 – subparagraph 1 – point b
Amendment 380 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point c
Article 5 – paragraph 2 – subparagraph 1 – point c
Amendment 402 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point d
Article 5 – paragraph 2 – subparagraph 1 – point d
Amendment 413 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point e
Article 5 – paragraph 2 – subparagraph 1 – point e
Amendment 437 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2a. When establishing the investment policy and risk policy for the EFSI support, the Steering Board shall take into account the need to avoid an excessive exposure within a given geographic area.
Amendment 440 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2a. Regarding the gas infrastructure projects, the EU guarantee shall only be granted for projects and operations which are carried out in the parts of gas infrastructure sectors where the provisions on unbundling of Directive 2009/73/EC concerning common rules for the internal market in natural gas are implemented, including in those Member States where derogations are applied in this regard.
Amendment 444 #
Proposal for a regulation
Article 5 – paragraph 4
Article 5 – paragraph 4
4. Provided that all relevant eligibility criteria are fulfilled, Member States may use European Structural and Investment Funds to contribute to the financing of eligible projects in which the EIB is investing with the support of the EU guarantee.
Amendment 446 #
Proposal for a regulation
Article 5 a (new)
Article 5 a (new)
Article 5a Eligibility criteria for the use of the EU guarantee 1. The EFSI Agreement shall provide that EFSI is to support in a non- discriminatory way projects which: (a) are consistent with Union policies; (b) contribute to EU’s competitiveness, economic growth and creating new jobs; (b) are economically and technically viable; (c) provide additionality; (d) maximise where possible the mobilisation of private sector capital. 2. In addition, the EFSI Agreement shall provide that the EFSI is to support projects pursuing any of the following general objectives: (a) development of the energy sector, in particular energy interconnections and other infrastructure, and thus contributing to energy security; (b) development of the digital economy and society, in particular infrastructure for information and communication technologies, and thus contributing to the digital single market; (c) development of the transport infrastructure; (d) science, research, development and innovations; (e) education and training; (f) financial support for companies having up to 3 000 employees, with a particular focus on innovative micro-, small- and medium-sized enterprises.
Amendment 458 #
Proposal for a regulation
Article 8 – paragraph 5 a (new)
Article 8 – paragraph 5 a (new)
5a. As far as the payments from the general budget of the Union referred to in paragraph 2(a) are concerned, the funds under heading 1B (Economic, social and territorial cohesion) shall not be redeployed.
Amendment 501 #
Proposal for a regulation
Article 12 – paragraph 2 – introductory part
Article 12 – paragraph 2 – introductory part
2. By 30 June 2018 and every three years thereafter, two years thereafter and by 6 months from the date of termination of the agreement on EFSI:
Amendment 507 #
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
In accordance with its own transparency policies on access to documents and information, the EIB shall make publicly available on its website information relating to all EIB financing and investment operations and how they contribute to the general objectives and other eligibility criteria referred to in Article 5(2)a.