Activities of Jürgen KLUTE related to 2011/0418(COD)
Shadow reports (1)
REPORT on the proposal for a regulation of the European Parliament and of the Council on European Social Entrepreneurship Funds PDF (366 KB) DOC (325 KB)
Amendments (4)
Amendment 36 #
Proposal for a regulation
Recital 1
Recital 1
(1) Increasingly, as investors also pursue social goals and are not only seeking financial returns, a social investment market has been emerging in the Union, comprised in part by investment funds targeting social undertakings. Such investment funds provide funding tohelp fund social undertakings which are acting as drivers of social change by offering innovative solutions to social problems and making a valuable contribution to meeting the objectives of the Europe 2020 Strategy.
Amendment 37 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1 a) The responsibility for funding social undertakings which carry out public functions lies - regardless of private contributions via funds - with the public sector. Funding via funds should not lead to social undertakings downgrading their social objectives in favour of other objectives. Social undertakings financially supported by European Social Entrepreneurship Funds (EuSEFs) should therefore not be allowed to distribute profits.
Amendment 49 #
Proposal for a regulation
Recital 21
Recital 21
(21) In order to ensure effective supervision of the uniform requirements contained in this Regulation, the competent authority of the home Member State should supervise compliance of the EuSEF manager with the uniform requirements set out in this Regulation. To this effect, the EuSEF manager who wishes to market his funds under the designation "European Social Entrepreneurship Fund" should inform the competent authority of his home Member State of this intention. The competent authority should registerlicense the fund manager if all necessary information has been provided and if there are suitable arrangements to comply with the requirements of this Regulation are in place. This registration should be valid across the entire Union.licence should be valid across the entire Union. The Commission should be empowered to adopt, under Article 290 of the Treaty on the Functioning of the European Union, legislation regarding the establishment of criteria for licensing. (The first part of this amendment applies throughout the text; the adoption of the amendment will render necessary adjustments throughout the text.)
Amendment 71 #
Proposal for a regulation
Article 3 – paragraph 1 – point d – point ii
Article 3 – paragraph 1 – point d – point ii
ii) uses its profits wholly to achieve its primarysocial objective or objectives, instead of distributing profits and has in place predefined procedures and rules for any circumstances in which profits are distributed to shareholders and owners;