712 Amendments of Michael THEURER
Amendment 18 #
2016/2247(INI)
Motion for a resolution
Citation 14 a (new)
Citation 14 a (new)
- having regard to its resolution of 12 April 2016 on the EU role in the framework of international financial, monetary and regulatory institutions and bodies (2015/2060(INI)),
Amendment 75 #
2016/2247(INI)
Motion for a resolution
Recital D
Recital D
D. whereas no non-euro area country has yet expressed a willingnessall Member States, with the exception of one having a derogation, are committed to joining the euro and therefore to joining the Banking Union;
Amendment 97 #
2016/2247(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes the high level of non- performing loans (NPLs) in some jurisdictioncountries; considers that this issue is crucial and has yet to be solved; welcomes the work of the SSM and its draft guidance on this issue; looks forward to the results of the work on a minimum EU insolvency framework; calls on Member States to improve their insolvency legislationwelcomes the Commission proposal on insolvency and restructuring; calls on Member States to improve their insolvency legislation and more generally their legal framework concerning the restructuring of debt, and to stimulate growth in order to tackle NPLs;
Amendment 131 #
2016/2247(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that there are risks associated with sovereign debt; notes, however, that government bonds play a critical role as a source of high-quality, liquid collateral and that modifying its prudential treatment could have a significant effect on both the financial and the public sector, which calls for caution in reform efforts; awaits with interest theconsiders that, in the end, a better resgults of theatory framework, be it European or international, work on this issueill be needed; considers that, in the end, a better regulatory framework, be it European or international, will be neededEuropean framework should enable market discipline in delivering sustainable policies and providing safe assets for the financial sector and safe liabilities for governments;
Amendment 146 #
2016/2247(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers it essential to ensure the comparability of risk-weighted assets across institutions in order to allow for effective supervision; welcomes the work done internationally to streamline the resort to internal models and to re-establish the credibility of internal models, as well as the introduction of a leverage ratio to act as a backstop; recalls, however, that the regulatory changes planned should not result in significantunjustified increases in capital requirements, nor harm the ability of banks to finance the real economy, in particular SMEs;
Amendment 156 #
2016/2247(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out that guidance provided by international fora should be used in order to avoid the risk of regulatory fragmentation; stresses the importance of the role of the Commission, the European Central Bank and the European Banking Authority to engage in the work of the BCBS and provide the European Parliament and the Council with transparent and comprehensive updates on the status of the development of the BCBS discussions; considers that the EU should work on having an appropriate representation in the BCBS and notably for the euro area; calls for a stronger visibility of this role during ECOFIN meetings, as well as enhanced accountability towards the ECON Committee in the European Parliament with a regular de-brief by EU representatives party to the discussions;
Amendment 175 #
2016/2247(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. SNotes that there are very different banking models within the Banking Union but stresses that national options and discretions are hindering the creation of a level playing field between Member States and the comparability of the financial reporting by banks to the public; welcomes the ECB guidance and regulation harmonising the exercise of some of these within the Banking Union; looks forward to the upcoming amendments to the CRR as a means of closing the most significant oneto keep only the ones strictly necessary because of the diversity of banking models;
Amendment 182 #
2016/2247(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Stresses that there has been a natural learning phenomenon for all the members of the Supervisory Board since the creation of the SSM to deal with a variety of different business models and entities of different sizes, which needs to be supported and accelerated;
Amendment 199 #
2016/2247(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the ‘'too-big-to-fail’' issue still needs to be addressedis being addressed; recalls the words of Mark Carney, Chair of the Financial Stability Board, that agreement on proposals for a common international standard on total loss-absorbing capacity for G-SIBs is a watershed in ending "too big to fail" banks; stresses that these agreements, once implemented, will play important roles in enabling globally systemic banks to be resolved without recourse to public subsidy and without disruption to the wider financial system; notes that TLAC will complement EMIR's mandatory requirement to centrally clear and the capital surcharge for G-SIBs;
Amendment 220 #
2016/2247(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Underlines that the creation of the SSM has been accompanied by an increase of influence for the European Union on the international stage compared to the pre-existing situation;
Amendment 230 #
2016/2247(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Recalls the need to find, in the exercise of supervision, a balance between the need for proportionality and the need for a consistent approach; invites the SSM to reduce as much as possible the supervisory fees; points out that all banks should be subject to an appropriate level of supervision; reminds that an appropriate supervision is key to monitor all risks whatever the size of the banks;
Amendment 236 #
2016/2247(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Underlines that the safety and soundness of a bank cannot be captured by a point-in-time assessment of its balance sheet alone, as they are ensured through dynamic interactions between the bank and the markets, and affected by various elements in the entire economy; underlines therefore that a sound framework for financial stability and growth should be comprehensive and balanced to cover dynamic supervisory practices and not focus merely on static regulation with mainly quantitative aspects;
Amendment 298 #
2016/2247(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Takes note of the differences between the FSB TLAC standard and the MREL; stresses, however, that both standards share the same objective: to make sure that banks have enough regulatory capital and loss-absorbing liabilities to make bail-in an effective instrument in resolution (without causing financial instability and without needing public money); concludes therefore that a holistic approach to loss-absorption can be reached by combining the two; highlights that due consideration should be given to retaining the two criteria of size and risk- weighted assets;
Amendment 320 #
2016/2247(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Stresses that it is crucial to harmonise the hierarchy of claims in bank insolvency across Member States in order to make the implementation of the BRRD more consistent and effective; welcomes the Commission's proposal on this subject;
Amendment 341 #
2016/2247(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. reminds that bail-in instruments should only be sold to appropriate investors in the first place which can absorb potential losses without being threatened in their own sound financial standing and considers it fundamental to address the mis-selling of bail-in instruments to retail investors; asks the Commission to carefully assess the EU Investor Protection Framework and to present proposals if necessary;
Amendment 350 #
2016/2247(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Regrets that the Commission did not allow for more time to assess the implementation of the DGSD before proposing the EDIS and did not conduct a proper impact assessment of the proposal; stands ready, however, to seize the opportunity generated by the proposal to discuss the DGSD and address some of the options and discretions it includes; takes note of the Commission services' non- paper of a supplementary analytical report on the effect of the proposal;
Amendment 26 #
2016/2243(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas investments in the application of Fintech represent billions of Euros and keep increasing every year;
Amendment 46 #
2016/2243(INI)
Motion for a resolution
Recital E
Recital E
E. whereas FinTech can lead to considerable benefits, such as faster, cheaper, more transparent, more tailor- made and better financial services for consumers and businesses, and open up many new business opportunities for European entrepreneurs;
Amendment 55 #
2016/2243(INI)
Motion for a resolution
Recital E a (new)
Recital E a (new)
Ea. whereas FinTech can contribute to risk reduction in the financial system by decentralisation and de-concentration of risks, faster clearing and settlement of cash payments and securities trades, and better collateral management and capital optimisation;
Amendment 56 #
2016/2243(INI)
Motion for a resolution
Recital E b (new)
Recital E b (new)
Eb. whereas creating a level-playing field for financial services in the EU is a prerequisite for boosting Fintech in Europe;
Amendment 90 #
2016/2243(INI)
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas the ESAs have started identifying the potential risks and benefits of those technologies; whereas national competent authorities are monitoring these technological developments and have come up with different approaches;
Amendment 166 #
2016/2243(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Emphasises the importance of supervisors having sufficient technical expertise to adequately scrutinise increasingly complex FinTech services; recognises the necessity of breaking down supervisory silos across sectors to accommodate better manage risks concerning cyber-security and privacy; urges the ESAs as well as the national competent authorities to increase their cooperation with other relevant competent authorities across sectors;
Amendment 184 #
2016/2243(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Calls on the Commission and the ESAs to monitor and avoid overlaps of regulation, new barriers to entry on the market and national barriers to those services; calls on the Commission to prevent barriers between Member States due to inconsistencies between national regimes;
Amendment 201 #
2016/2243(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Emphasizes the need for clear rules on data ownership, access and transfer; highlights that increasing amounts of data are generated by machines or processes based on emerging technologies, such as machine learning; stresses that the General Data Protection Regulation provides a clear legal framework on personal data but that more legal certainty is needed regarding other categories of data; believes, in this regard, that a clear distinction should be made between raw data and data resulting from further processing;
Amendment 208 #
2016/2243(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes that there are no clear, comprehensive European guidelines for outsourcing data to the cloud with regard to the financial sector; stresses the need for the development of such guidelines; Highlights the benefits that cloud computing can have for consumers and providers of financial services, in terms of cost efficiency, decreased time to market and a better use of ICT resources; notes that there are no clear, comprehensive European guidelines for outsourcing data to the cloud with regard to the financial sector; stresses the need for the development of such guidelines; stresses that such guidelines are necessary to bring agility and speed to cloud adoption; underlines that high standards of data security and consumer protection should be a part of these guidelines; calls on the Commission and the ESAs to study different possibilities in this regard, such as pre-approved contracts between cloud service providers and financial institutions;
Amendment 214 #
2016/2243(INI)
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Notes the necessity of creating more awareness among consumers as regards the value of their personal data; acknowledges that consumers can sell their personal data through re-sharing; underlines that this may lead to economic benefits but can also be used in a discriminatory way; calls on the Commission to investigate the possibility of a European data re-sharing strategy with the aim of putting consumers in control of their data; believes that a clear, consumer-centric approach will increase trust in cloud-based services and stimulate new innovative services offered by diverse actors in the financial value chain, e.g. by using API's or facilitating direct access to data for electronic payments services; asks the Commission to investigate the future potential of Personal Information Management Systems (PIMS) as technical tools for consumers to manage their personal data;
Amendment 257 #
2016/2243(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Is concerned by the increased use of unpermissioned blockchain applications, in particular Bitcoin, for criminal activities, tax evasion, tax avoidance and money laundering; calls on the Commission to investigate the role of bitcoin mixers in this process; invites the Commission to organise an annual multi-stakeholder conference on this subject;
Amendment 272 #
2016/2243(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Asks the ESAs to identify in which cases targeted- or risk-based authentication can be an alternative to strong authentication; further asks the Commission to investigate whether the strong authentication processes can also be executed by other entities than banks;
Amendment 282 #
2016/2243(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the ESAs to develop technology-neutral standards and licences for both know-your-customer techniques and remote identification methods, for example based on biometric criteria;
Amendment 295 #
2016/2243(INI)
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Calls on the ESAs to partner with private sector players in developing and evaluate innovative technologies that have the potential to safeguard financial stability and increase consumer protection, for instance by mitigating bias in algorithms or by increasing consumer awareness of cyber threats;
Amendment 301 #
2016/2243(INI)
Motion for a resolution
Paragraph 21 b (new)
Paragraph 21 b (new)
21b. Notes that the increasing use of big data and artificial intelligence presents benefits to consumers but also entails questions concerning consumer protection; stresses that errors or biases that can lead to discrimination and exclusion in these algorithms can potentially cause systemic risk and harm consumers and investors; notes that insurance is a prominent example of a sector where these technologies are increasingly used, e.g. for risk assessment; asks the Commission and the European Supervisory Authorities (ESAs) to investigate discriminatory effects;
Amendment 315 #
2016/2243(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Emphasises that financial education is a prerequisite for raising awareness in society and equipping citizens with the knowledge that is necessary to make sound decisions concerning financial products and services;
Amendment 57 #
2016/2101(INI)
Motion for a resolution
Subheading 1
Subheading 1
Europe’s investment challenges in the context of the global economic slowdown
Amendment 69 #
2016/2101(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that the challenges in the EU are linked to the deteriorating international environment and the divergences in the economic and social performance achieved in different parts of the Union due to a lack of structural reforms as well as the short-comings in completing the single market, which deprive the EU of its full growth potential;
Amendment 119 #
2016/2101(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Stresses that Europe’'s long economic crisis has shown that there is a strong need to focus on public andstructural reforms, public investment where Member States have fiscal space and regulatory initiatives that incentivise greater private investment, in order to enhance the EU’'s competitiveness;
Amendment 146 #
2016/2101(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Underlines that the still-too-high unemployment rates show that the capacity to create jobs in most Member States is still limited; emphasises that further action is needed, in consultation with social partners and in accordance with national practices, to make labour markets more inclusive overall; believes that the capacity to create jobs would increase if the EU had a single European labour market;
Amendment 162 #
2016/2101(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Expresses disquiet about the current ‘liquidity trap’ the EU economy seems to have fallen into, with interest rates at the Zero Lower Bound (ZLB), weak demand prospects, and restricted investment and spending by households and companies, not least in surplus countries; due to a lack of confidence in the macro-economic environment and reform fatigue in certain Member States;
Amendment 216 #
2016/2101(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Underlines the fact that investment has so far lagged and failed to lead to sustainable and inclusive growth in the EU because measures to improve the business environment are missing and that under the current circumstances, monetary policy alone is unlikely to bring about recovery, even though the rules made necessary by banking union have imposed more stringent financial criteria on banks; considers that a coordinated fiscal expansion is also needed in the EU, therefore, in line with the rules of the Stability and Growth Pact and its flexibility clauses, in order to place emphasis on public and private investment;
Amendment 240 #
2016/2101(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Emphasises the need to improve the EU’s overall capacity to create and sustain jobs and thus to tackle high levels of unemployment, while considering that migration could play an important role in compensating for the negative effects of the ageing population; emphasises, however, that this alone cannot be the main response to address structural demographic, labour market or fiscal challenges but that it should be complemented with efficient public expenditure, especially in high-quality social and environmentally sustainable growth enhancing investments;
Amendment 253 #
2016/2101(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Highlights the importance of resilient labour markets where an appropriate trade-off is maintained between economic, social and human costs and where wages are in line with productivity in accordance with the EU values of solidarity and subsidiarity, with a focus on the upgrading of educational systems and vocational education;
Amendment 34 #
2016/2080(INI)
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Points out that all ex- Commissioners are banned for 18 months from lobbying "members of the European Commission and their staff for his/her business, client, or employer on matters for which they have been responsible" but are entitled to a very generous transitional allowance after they leave the Commission of between 40 and 65 per cent of their final basic salary for three years;
Amendment 64 #
2016/2080(INI)
Draft opinion
Paragraph 10 – point i a (new)
Paragraph 10 – point i a (new)
(ia) that a discrepancy in length of a ban for lobbying and the length of transitional allowance (unemployment allowance) are narrowed down or removed.
Amendment 36 #
2016/2056(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas the completion of the internal market is important for consumers, it is also essential to provide European fintech companies with the possibilities to reap the benefits of the internal market to compete with traditional players in order to offer innovative, consumer-friendly solutions and to create jobs throughout the EU;
Amendment 225 #
2016/2056(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Urges the Commission and the Member States, by working carefully on the implementation of the eIDAS Regulation and the new anti-money laundering legislation, inter alia, to create – as should be entirely feasible – a general environment in which robust security requirements are combined with fair and simple procedures for consumers to identify themselves by i.e. face-to-face and remote;
Amendment 143 #
2016/2038(INI)
Motion for a resolution
Recital X a (new)
Recital X a (new)
Xa. whereas as observed during the fact finding mission in the US, there is a lack of transparency and of a common definition of beneficial ownership at global level; whereas this lack of transparency has been especially observed regarding shell companies and law firms; whereas the US is currently preparing the implementation of the OECD BEPS Action Plan;
Amendment 145 #
2016/2038(INI)
Motion for a resolution
Recital X b (new)
Recital X b (new)
Xb. whereas cooperation on tax issues between the EU and the US already exists between relevant EU and US authorities, similar cooperation is lacking at the political level, especially as regards parliamentary cooperation;
Amendment 147 #
2016/2038(INI)
Motion for a resolution
Recital Y a (new)
Recital Y a (new)
Ya. whereas the joint Special Committee TAXE 2 and Committee on Development hearing on "Consequences for developing countries of aggressive fiscal practices" has shown that developing countries face similar problems of base erosion, profit shifting, lack of transparency, globally diverging tax systems and lack of coherent and effective international legislation; whereas developing countries suffer from aggressive tax planning; whereas developing countries' tax administrations lack resources and expertise to effectively fight tax evasion and avoidance;
Amendment 150 #
2016/2038(INI)
Motion for a resolution
Recital Z a (new)
Recital Z a (new)
Za. whereas the International Monetary Fund (IMF) and the World Bank provide technical assistance, including tools for developing countries' tax administrations regarding international tax issues in order to improve developing countries' capability to tackling tax evasion, avoidance and money laundering issues, in particular related to transfer pricing;
Amendment 346 #
2016/2038(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Is concerned about the lack of transparency and adequate documentation within financial institutions and law firms pertaining to the specific models of company ownership and control recommended by tax and legal advisors, as confirmed by the recent ‘Panama Papers’ scandal; recommends, in order to tackle the problem of shell companies, to strengthen transparency requirements for setting up private companies;
Amendment 473 #
2016/2038(INI)
Motion for a resolution
Paragraph 40 a (new)
Paragraph 40 a (new)
40a. Supports the creation of a global body, within the UN framework, well equipped and with sufficient additional resources, ensuring that all countries can participate on an equal footing in the formulation and reform of global tax policies; calls the EU and on the Member States to start working on an ambitious Global Tax Summit and aiming a creating such intergovernmental body;
Amendment 477 #
2016/2038(INI)
Motion for a resolution
Paragraph 40 b (new)
Paragraph 40 b (new)
40b. Calls on international fora to agree on a more stringent and precise definition on beneficial ownership to ensure increased transparency;
Amendment 489 #
2016/2038(INI)
Motion for a resolution
Paragraph 43 a (new)
Paragraph 43 a (new)
43a. Calls for the establishment of a structured dialogue between the European Parliament and the US Congress on international tax issues; suggests to set up formal interparliamentary fora to deal with these issues, and to utilise the existing Transatlantic Legislators´ Dialogue framework in this regard; encourages the EU and the US to cooperate on the implementation of the OECD BEPS project; takes notes of a significant lack of reciprocity between the US and the EU in the framework of the FATCA agreement; encourages enhanced cooperation between the US and the EU in the framework of the FATCA agreement to ensure reciprocity and invites all involved parties to proactively take part in its implementation;
Amendment 74 #
2016/0338(CNS)
Proposal for a directive
Recital 7 a (new)
Recital 7 a (new)
(7 a) The scope of this Directive should be extended as soon as possible. The Directive only provides a framework for the resolution of disputes regarding the double taxation of business profits. Disputes on the double taxation of income (i.e. pensions, salaries) have not been brought under its scope, while the impact on individuals can be significant. A different interpretation of a tax agreement by Member States can lead to (economic) double taxation, for example if one Member State interprets a source of income as salary while the other Member State interprets the same source of income as profit. Therefore, interpretation differences in taxation of income between Member States should also be brought under the scope of this Directive.
Amendment 76 #
2016/0338(CNS)
Proposal for a directive
Recital 7 b (new)
Recital 7 b (new)
(7 b) Currently, it is unclear how this Directive relates to existing arbitration provisions in bilateral tax agreements and the existing Union Arbitration Convention. Therefore, the Commission should clarify those relations so that taxpayers can, if applicable, choose the procedure best fit for purpose.
Amendment 77 #
2016/0338(CNS)
Proposal for a directive
Recital 7 c (new)
Recital 7 c (new)
(7 c) A large number of double taxation cases involve third countries. Therefore, the Commission should strive to create a global framework, preferably within the context of the OECD. Until such OECD framework has been realised, the Commission should aim for a mandatory, instead of the current voluntary, and binding agreement procedure for all cases of potential cross- border double taxation.
Amendment 42 #
2016/0011(CNS)
Draft legislative resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the Commission to publish an ambitious proposal for a Common Consolidated Corporate Tax Base, as soon as possible, and for the legislative branch to conclude negotiations on this crucial dossier as quickly as possible;
Amendment 72 #
2016/0011(CNS)
Proposal for a directive
Recital 6 a (new)
Recital 6 a (new)
(4a) Due regard should be had to the European Parliament legislative resolution of 19 April 2012 on the proposal for a Council directive on a Common Consolidated Corporate Tax Base (CCCTB),
Amendment 70 #
2015/2344(INI)
Motion for a resolution
Recital E
Recital E
E. whereas it became apparent during the sovereign debt crisis that the European Treaties do not provide the euro area with the instruments to deal effectively with shocks in the absence of Member States’ compliance with fiscal surveillance frameworks and structural reforms to increase competitiveness and resilience of their economies, and full labour and capital market integration, both of which play an important shock absorbing function in a monetary union;
Amendment 71 #
2015/2344(INI)
Motion for a resolution
Recital E
Recital E
E. whereas it became apparent during the sovereign debt crisis that the European Treaties do not provide the euro area with the instruments to deal effectively with shocks; whereas the rules-based system, with loose adherence to the rules by the Member States, and mere coordination of national economic policies failed to provide the required resilience during the crisis;
Amendment 85 #
2015/2344(INI)
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the Euro acted as a shield during the financial crisis and whereas many Member States would have experienced a worse situation without it; whereas improvements are however required for the Euro to really meet its promises and potential;
Amendment 183 #
2015/2344(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Considers that EMU exposed its vulnerability in the context of the global financial and economic crisis when unsustainable imbalances, triggered by capital flows from core euro area nations to the periphery and a rising public spending ratio in some Member Statein the light of excessive public and private debt levels, unsustainable imbalances, triggered by a lack of structural reforms to foster competitiveness, aggravated and led to a sovereign debt crisis, in which government borrowing costs dramatically increased in some Member States, jeopardising, in the absence of a proper fiscal backstop, the mereand the lack of consolidation of public finances, partly due to non-adherence to agreed budgetary rules, the very existence of the euro area;
Amendment 218 #
2015/2344(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Observes that in the absence of the willingness of euro area Member States’ governments to take action to rapidly consolidate their public finances and modernise their economies the stabilisation of the economic cycle since the beginning of the crisis has relied almost exclusively on the ECB, and that the reduced options available for monetary policy in a context of zero lower bound rates have led the ECB to implement unconventional monetary policy measures; recalls that the President of the ECB has called for integrated institutions, for a stronger and proactive fiscal policyfiscal surveillance framework on the euro area scale and for euro area Member States to deliver on structural reform;
Amendment 233 #
2015/2344(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Acknowledges the results achieved since the crisis broke in terms of risk reduction and better coordination; points in particular to the many measures taken by the EU institutions to address the shortcomings revealed by the crisis by strengthening coordination of national fiscal policiefiscal surveillance frameworks, in particular via the adoption of the Six-Pack and the Two-Pack Regulations, but is concerned by the lack of compliance and enforcement of the revised rule set; welcomes further the fact that the EU institutions have set up frameworks for action in current and future crises, namely by creating the European Financial Stability Mechanism (EFSM), the temporary European Financial Stabilisation Facility (EFSF) and its permanent successor, the European Stability Mechanism (ESM); underlines, however, that these mechanisms dramatically lacklack full democratic oversight and parliamentary control, and hence ownership;
Amendment 256 #
2015/2344(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Makes it clear that rapid action is needed to ensure the sustainability of the euro by pursuing structural reforms and sound fiscal policies; stresses that this requires strong joint efforts on the part of the EU and its Member States to implement and enforce structural reforms, ensure compliance with fiscal and macroeconomic surveillance frameworks, to complete the EMU and to restore the trust of citizens and markets;
Amendment 294 #
2015/2344(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Takes the view that incentives for sound fiscal policymaking and for addresscompliance with the Stability and Growth Pact and pursuing structural weaknessesreform at national level, taking into account the aggregate euro area fiscal stance, are core elements for the functioning of the euro area; considers that a fiscal capacity should, moreover, address specific concerns for the euro area in the case of absorbing shocksare core elements for the functioning of the euro area;
Amendment 313 #
2015/2344(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
Amendment 328 #
2015/2344(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 330 #
2015/2344(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Points out that effective stabilisation of large euro area Member States or a group of closely economically intertwined countries requires sufficient resourcesadequate own resources, drawing lessons from one of the main failures of the EU budget coming from the expectation of a "fair return", calculated only in numerical terms; recalls the creation of the interinstitutional group on own resources (the Monti group), whose creation in itself reveals an awareness of this problem;
Amendment 365 #
2015/2344(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
Amendment 602 #
2015/2344(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Is convinced that increased convergence within the euro area will significantly increase the capacity of its Member States to absorb asymmetric shocks; believes, however, that no matter how great the efforts regarding convergence and sustainable structural reforms, asymmetric shocks with an impact on the stability of the euro area as a whole cannot be ruled out completely, given the strong integration of the euro area Member States; stresses, therefore, the need to have an instrument available for this emergency which provides an immediate stabilisation effectrecalls the ESM in this respect, which is the instrument available for this emergency;
Amendment 628 #
2015/2344(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
Amendment 644 #
2015/2344(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
Amendment 678 #
2015/2344(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
Amendment 702 #
2015/2344(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Considers that in the case of symmetric shocks brought about by a lack of internal demand, monetary policy alone cannot reignite the economy, particularly in a context of zero lower bounds; is therefore convinced that public and private investment must be increaentivised, the administrative burden reduced and a proper regulatory framework developed, with a view to stimulating potential growth;
Amendment 712 #
2015/2344(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Considers that symmetric shocks that are caused by a lack of supply must be diminished by improving the competitiveness of the euro area via appropriate financial incentives, including via the financing of professional training or financial incentives for R&D spendingstructural reforms;
Amendment 738 #
2015/2344(INI)
Motion for a resolution
Paragraph 37
Paragraph 37
Amendment 52 #
2015/2319(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls on the Commission to devote, in particular, sufficient resources to the activities relating to the Register, so that it will be kept up to date and does nowithout containing any factual errors and will allow data export in machine-readable format;
Amendment 13 #
2015/2221(INI)
Motion for a resolution
Citation 14 a (new)
Citation 14 a (new)
Amendment 32 #
2015/2221(INI)
Motion for a resolution
Recital C
Recital C
C. whereas in a BU a Single Rulebook mustshould be complemented by a Single Supervisory Mechanism (SSM), a Single Resolution Mechanism (SRM) and - in so far as all the necessary conditions have been created - a common deposit guarantee scheme (DGS), and should be provided with an efficient fiscal backstop at EU level;
Amendment 48 #
2015/2221(INI)
Motion for a resolution
Recital F
Recital F
F. whereas a common DGS, originally intended as the third pillar of the BU, so far consists only in an approximation of national DGSs, while a common DGS that is able to ensure the same level of protection for deposits, irrespective ofnsiderable number of Member States have so far failed to implement fully the EU directives necessary for a common DGS, originally intended as the their location, is a necessary component of a trud pillar of the BU;
Amendment 182 #
2015/2221(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Emphasises that government bonds are not a risk-free form of investment and calls for government bonds to be subject to regulatory capital requirements;
Amendment 220 #
2015/2221(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Underlines the importance of cooperation with the European Banking Authority (EBA) and with other authorities within the European System of Financial Supervision, while fully respecting the division of roles and competences and the separation between regulation and supervision in order to help ensure compliance with the EU checks-and- balances structure;(does not apply to English version)
Amendment 267 #
2015/2221(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Calls on Member States to fully and swiftly implement the Bank Recovery and Resolution Directive (BRRD) and the intergovernmental agreement (IGA) on transfer and mutualisation of contributions to the Single Resolution Fund; calls on the Commission to enforce the implementation of the BRRD; regrets the decision to set up the fund through an IGA rather than through Union law;
Amendment 285 #
2015/2221(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Stresses the need, as a consequence of the existence of the national compartments in the SRF, to rapidly put in place an adequate bridge financing mechanism in order to provide the fund, if necessary, with sufficient resources in the period before its completion; recalls that the Eurogroup and the Ecofin ministers identified, in their statement of 18 December 2013, the possibility of having recourse to both national sources and the European Stability Mechanism (ESM), and considers the latter the most effective and credible solution, which could be implemented either through a swift revision of the ESM treaty or through appropriate implementation of the provisions of Article 13 thereof;
Amendment 303 #
2015/2221(INI)
Motion for a resolution
Paragraph 38
Paragraph 38
Amendment 321 #
2015/2221(INI)
Motion for a resolution
Paragraph 39
Paragraph 39
39. Underlines that, together with the SSM and the SRM, the capacity to afford the same level of protection to deposits, irrespective of their location, is an indispensable component forimportant and that this can already be achieved by establishing national deposit guarantee schemes; calls on the Commission therefore consistently to punish the failure by some Member States to transpose the relevant Directive; calls on those non-compliant Member States to develop their national deposit guarantee schemes as swiftly as possible in order to make their contribution to the completingon of the BU;
Amendment 345 #
2015/2221(INI)
Motion for a resolution
Paragraph 40
Paragraph 40
40. Welcomes the Commission’s announcement regarding the presentation of a legislative proposal for the first steps towards a European Deposit Insurance Scheme (EDIS) by establishing a reinsurance mechanism at EU level for the national deposit guarantee schemConsiders therefore the Commission's legislative proposal seeking to establish a European Deposit Insurance Scheme (EDIS) to be premature as national deposit guarantee schemes and funds have not yet been set up in all the Member States;
Amendment 4 #
2015/2162(DEC)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Regrets that the Supervisor did not make available full information about its policy on conflicts of interest; calls on the Supervisor to make available the CVs and declarations of interest of all staff members in the organisational chart and seconded national experts by the end of June 2016; urges the Supervisor to take corrective measures and to lay down clear binding rules regarding "revolving doors", also by the end of June 2016to adhere to the rules covered by Article 16 of the Staff Regulations and to lay down clear binding rules regarding "revolving doors"in accordance with the guidelines published by the Commission and to inform the Parliament in the next Annual Activity Report;
Amendment 5 #
2015/2162(DEC)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that a Decision on internal rules concerning whistleblowing was adopted by the Supervisor in 2015; asks the Supervisor to publto include thish it by the end of June 2016nformation in the next Annual Activity Report and to ensure full compliance with Article 22c of the Staff Regulations, which came into force on 1 January 2014;
Amendment 6 #
2015/2162(DEC)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that very limited information is available on procurement procedures and selection criteria of contractors; observes that only one contract award decision for 2014 is published on the Supervisor´s website; calls on the Supervisor to publish by the end of May 2016include a list of all contracts awarded in which it has participated, even if launched by other institutions, and their procedures and selection criteria on their website and in the next Annual Activity Report;
Amendment 7 #
2015/2162(DEC)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Reiterates Parliament's request made last year for the Supervisor's building policy to be attached to its AAR, especially given that it is important that the costs of such a policy be properly rationalised and not excessive; calls therefore on the Supervisor to provide the discharge authority with its building policy byin the end of May 2016next Annual Activity Report;
Amendment 8 #
2015/2162(DEC)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Reiterates Parliament's request made last year to have an exhaustive table of all the human resources at the Supervisor's disposal, with a break-down according to grade, sex and nationality; notes that this table should be automatically included in the AAR; calls therefore on the Supervisor to provide Parliament with an exhaustive table of all human resources as detailed in this paragraph byin the end of June 2016next Annual Activity Report;
Amendment 6 #
2015/2160(DEC)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes the 13 transfers between budget lines during the financial year 2014; is of the opinion that the transfers concerning the political groups communication budget and printing in the Official Journal of the European Union could have been foreseen in the initially approved budget;
Amendment 10 #
2015/2160(DEC)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes nevertheless that a total of EUR 8 277 556 was spent in 2014 only on travel and meeting allowances for Members and alternate members of the Committee plus EUR 409 100 on missions and travel costs of staff; considers the number of missions extremely high (787), as is the expenditure generated by members for travel and meeting allowances; considers that missions undertaken by Members should be clearly described in the annual activity report (AAR), with detailed expenses and a cost benefit analysis; stresses that the reference to Members' missions is vague, imprecise and does not provide clear figures; urges the Committee always to include data on Members' missions in its AAR;
Amendment 12 #
2015/2160(DEC)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Urges extensive use of videoconferencing and all related tools in order to significantly cut costs; does not understand how suchnotes that a high number of missions to Greece or Italy (77 and 125, respectively) translates into added value for the citizen of those countries or other Union citizensoccur due to the practice of the Committee to organize activities in the Member States holding the rotating EU Presidency;
Amendment 14 #
2015/2160(DEC)
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 35 #
2015/2160(DEC)
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 40 #
2015/2160(DEC)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Regrets that the number of derogations from procurement rules / contract management increased from 1 in 2013 to 4 in 2014; requests further explanation of how these derogations occurred; asks the Committee to address without delay the ongoing issue of all exception reports due to non-compliance with the provisions of the Financial Regulation or the internal rules of procedure; notes that the number of exceptions represents, however, only 0,4 % of the operations concerned;
Amendment 45 #
2015/2160(DEC)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Finds it unacceptable that the Committee has been dealing with the same whistle-blowing case since 2003 and that, despite the Civil Service Tribunal judgements of 20137 and 20148 , and Parliament's discharge resolution of 29 April 20159 , it has not yet complied, recognised the plaintiff’s action as being legitimate and finally closed the case; urges the Committee to take all necessary steps to resolve this situation without further delay and publicly to admit that the whistle-blower’s findings were correct, as stated by the European Anti-Fraud Office and other Union bodies; asks the Committee to contribute to a conclusion of this case by accepting the Court's ruling and to implement its decision swiftly; calls on the Committee to update Parliament on progress in this matter by the end of June 2016; __________________ 7 Judgment of the Civil Service Tribunal (First Chamber) of 7 May 2013, Robert McCoy v Committee of the Regions of the European Union (Case F-86/11; ECLI:EU:F:2013:56). 8 Judgment of the Civil Service Tribunal (First Chamber) of 18 November 2014, Robert McCoy v Committee of the Regions of the European Union (Case F- 156/12; ECLI:EU:F:2014:247). 9 Resolution of the European Parliament, of 29 April 2015, with observations forming an integral part of the decision on discharge in respect of the implementation of the general budget of the European Union for the financial year 2013, Section VII — Committee of the Regions (OJ L 255, 30.9.2015, p. 132).
Amendment 46 #
2015/2160(DEC)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Acknowledges that, according to the Committee, no situations of conflict of interests occurred during the financial year 2014; urges the Committee to publish the CVs and declarations of interests of all members and senior staff managementadhere to the rules covered by Article 16 of the Staff Regulations; and to adopt an internal policy and clear rules on the prevention and management of conflicts of interests and "revolving doors" situations, in accordance with the guidelines published by the Commission; expects the Committee to provide them to Parliament by the end of June 2016include this information in the next Annual Activity Report;
Amendment 3 #
2015/2157(DEC)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes the information regarding the list of external activities pursued by the judges provided in January 2016, after being asked for during the exchange of views in committee on discharge exercise of 2014; regrets that the number of judges participating in the different events is not mentioned; is of the opinion that all information on the outside activities of each judge should be accessible to the general public and requests that this information be published on the website of the Court of Justice and included in the next Annual Activity Report;
Amendment 246 #
2015/2147(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses the urgent need for the Commission and Member States to promote a more dynamic economy for innovation to flourish and for companies to scale up, through the development of e- government, a modernised regulatory framework fit for the emergence and scale- up of innovative businesses, improved access to finance for start-ups and SMEs, and a long term investment strategy in infrastructure, skills, research and innovation;
Amendment 286 #
2015/2147(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls on the Commission, in cooperation with Member States, to further develop initiatives to boost entrepreneurship that range from changing the mind-set on how success is defined to promoting an entrepreneurial and innovation culture, including business model innovation; believes, in addition, that the diversity and specific attributes of the different national innovation hubs could be turned into a real competitive advantage for the EU if they are effectively interconnected;
Amendment 399 #
2015/2147(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Stresses the importance for consumers to be better informed of the use of their data, in particular in the case of free services;
Amendment 494 #
2015/2147(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls for an ambitious enforcement framework for the Services Directive; encourages the Commission to make use of all means at its disposal to ensure the full and correct implementation of existing rules, including developing enforcement guidelines to ensure, in particular ,uniform application of the mutual recognition principle in the field of services and fast-track infringement procedures whenever incorrect or insufficient implementation of the directive is identified;
Amendment 528 #
2015/2147(INI)
Motion for a resolution
Paragraph 15 b (new)
Paragraph 15 b (new)
15b. Emphasizes that increased competition on the parcel delivery market will lead to more efficient, affordable and expeditious services; calls on the Commission to ensure a sufficient level of competition when deliberating on a revision of the regulatory framework of parcel delivery;
Amendment 529 #
2015/2147(INI)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Calls on the Commission to share best practices regarding logistic chains, especially when development was supported by existing European programs, in order to drive down costs and make them more efficient and lower their environmental impact;
Amendment 530 #
2015/2147(INI)
Motion for a resolution
Paragraph 15 c (new)
Paragraph 15 c (new)
15c. Calls on the Commission to actively share best practices among member states in order to create the right conditions for a sufficiently flexible labour market to support the possibilities offered by e- commerce and related services;
Amendment 672 #
2015/2147(INI)
Motion for a resolution
Paragraph 19 b (new)
Paragraph 19 b (new)
19b. Reminds the commitment of Member states to at least reach by 2020 the broadband targets of full deployment of superfast speeds (30 Mbps); calls on the Commission to evaluate if the current broadband targets meet the conditions to the development of a data-driven economy and if investments in Member States are part of a long term and future-proof investment strategy;
Amendment 687 #
2015/2147(INI)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Stresses the importance of a successful implementation of EFSI in targeting projects with higher-risk profiles to maximise investments in digital infrastructure and better attract private investments for innovative companies; a particular focus should be given to information and support of innovative entrepreneurs, at the different funding stages of development of the company;
Amendment 723 #
2015/2147(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Stresses that since the development of over-the-top services has increased demand and competition among services to the benefit of consumers, modernisation of the telecommunication framework should not lead to more regulatory burdens, but should drive innovation and fair competition and ensure fair access to the networks;
Amendment 770 #
2015/2147(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Stresses that the uniform enforcement of the Connected Continent package, including the end of roaming surcharges and the net neutrality principle, requires the establishment of a single European telecommunications regulatornet neutrality principle and the end of roaming surcharges, is essential to the functioning of the single market ;
Amendment 791 #
2015/2147(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Calls on the Commission, in order to deepen the internal market for telecommunications, to establish a single European telecommunications regulator through a strengthening of the role and decisions of BEREC, in particular in enforcement of EU telecommunication rules, oversight of the single market and crossborder disputes ;
Amendment 858 #
2015/2147(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Appreciates the Commission’s initiative to analyse the role of platforms in the Digital Economy as part of the upcoming Internal Market StrategyDigital Single Market Strategy that should aim at identifying specific and defined problems within specific business areas; Stresses that taking a "one size fits all" approach in light of the diversity of platforms, and the growth potential in particular of B2B platforms, could seriously impede innovation;
Amendment 926 #
2015/2147(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Considers, in order to ensure trust in digital services, that increased resources from the public and private sector are required to strengthen the security of IT systems and online networks and the encryption of communication, to improve cyber-attack prevention and to increase knowledge of basic security processes among users of digital services; in addition, requirements should be set for companies to have basic levels of security such as encrypting data and updating software;
Amendment 43 #
2015/2140(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the report by the Commission, which underlines the importance of Competition policy in the EU, and notes that it essentially covers the term of office of the last Commission under Competition Commissioner Almunia;
Amendment 46 #
2015/2140(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the fact that Competition Commissioner Vestager wishes to develop competition policy as one of the key instruments of the European Union towards making the common internal market a reality and encourages the Commission in its efforts towards it;
Amendment 69 #
2015/2140(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the regular dialogue which the Commission conducts with the European Parliament on competition matters, and calls again for fundamental legislative directives and guidelines to be adopted in the co-decision procedure and in particular for those departments which draw up guidelines to be strictly separated from those which apply those guidelines in specific cases;
Amendment 73 #
2015/2140(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Considers that the European Parliament should have co-decision powers in competition policy; regrets that Articles 103 and 109 TFEU provide only for consultation of Parliament; believes that this democratic deficit cannot be tolerated; proposes that this deficit be overcome as soon as possible through inter-institutional arrangements in the field of competition policy and corrected in the next Treaty change; (Considering the importance and impact competition policy has on our citizens, the European Parliament, as only democratically elected body, should be fully involved.)
Amendment 88 #
2015/2140(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Underlines that the term competition itself, on which the current competition law is based, needs to be redefined, in particular the structure-conduct- performance-paradigm, to take due account of the changes in the economy brought by digitisation, and therefore suggests that the Commission sets up a high-level expert group to address this;
Amendment 129 #
2015/2140(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. QuerieRegrets the long duration of the investigations into American Internet giant Google and regretsGoogle’s practices and the fact that these investigations have already dragged on for several years with no result, because until 2014 the Commission was reluctant to indicate its intention to abolish market restrictions; out any final results; welcomes, therefore, the Statement of Objections sent by the Commission to Google on comparison shopping service; calls on the Commission to continue to examine determinedly all concerns identified in its investigations, including other areas of search bias, as it is ultimately part of ensuring a level playing field for all market players in the digital market; (Among the antitrust cases, the Google antitrust case is a clear case of abuse of a dominant position. This case must be solved by the EC without losing 5 more years if it wants to be credible with its Digital single market strategy. It is essential to ensure a level playing field for all market players in the digital market.)
Amendment 186 #
2015/2140(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that particularly in the digital economy and with a view to consumer protection general competition rules need to be updated so as to allow for existing policy to match reality as well as additional new criteria must be introduced in assessing mergers, such as the purchase price, possible market entry barriers and network effects; Calls on the Commission to give particular consideration to the commercial model of businesses in the digital economy and possible market entry barriers;
Amendment 280 #
2015/2140(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Calls for an EU legislative framework to prevent distortions of competition by aggressive tax planning and tax evasion; with a view to creating a level playing field, recommends to introduce an automatic mandatory exchange of tax rulings, a CCCTB and a guarantee that no profit leaves the EU untaxed;
Amendment 290 #
2015/2140(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. StresseRequests that the European Parliament should also be given co decision powers in competition policy, particularly where fundamental principles and binding guidelines are concerned, and regrets that this area of Union policy has not been strengthened in its democratic dimension in recent treaty amendments; Calls for the treaties to be amended accordingly;
Amendment 304 #
2015/2140(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Considers that all tried and tested and existing forms of dialogue held to date should be maintained, but an organisational separation of legislative and executive authority is inalienable for democratic reasons;
Amendment 305 #
2015/2140(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30a. Stresses that in future individual competition cases should be pursued independently by the Commission;
Amendment 1 #
2015/2128(INI)
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas achieving good performance involves inputs, outputs, results and impacts regularly assessed through the performance audits;
Amendment 13 #
2015/2128(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Is concerned by the fact that the TOR recovery rate for 2014 is, at 24%, at its historic lowest point; urges the United Kingdom and Bulgaria to improve their contributions, as theirmember- states whose level of irregularities is three timeswell above the EU average to improve their contributions;
Amendment 80 #
2015/2128(INI)
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30a. Notes that the reporting on performance is still weak. There is a need to assess regularly input parameters (financial, human, material, organizational or regulatory means needed for implementation of the programme), outputs (the deliverables of the programme), results (the immediate effects of the programme) and impacts (long-term changes in the society);
Amendment 7 #
2015/2115(INI)
Motion for a resolution
Recital B
Recital B
B. whereas, according to the same forecast, predicted unemployment in the euro area is expected to record a slow decrease, from 11.6 % at the end of 2014 to 10.5 % at the end of 2016; whereas there are major disparities between the unemployment rates in different Member States, with figures ranging from 6.4 % in Germany to 26.6 % in Greece; deplores the persistently high unemployment rates across most Member States, in particular the youth and long-term unemployment rates; notes with concern that a falling unemployment rate also disguises the social epidemic of emigration; stresses the need to reform national labour markets, reduce precariousness and raise internal demand in order to increase job creation rates; Notes with concern the use of draconian and compulsory work activation schemes for young people;
Amendment 11 #
2015/2115(INI)
Motion for a resolution
Recital B
Recital B
B. whereas, according to the same forecast, unemployment in the euro area is expected to record a slow decrease, from 11.6 % at the end of 2014 to 10.5 % at the end of 2016; whereas there are major disparities between the unemployment rates in different Member States, with figures ranging from 6.4 % in Germany to 26.6 % in Greece hitting in particular the young;
Amendment 78 #
2015/2115(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. AcknowledgNotes that, in reaction to a complex environment of falling inflation, contraction of credit and sluggish economic growth, and with its interest rates close to the zero lower bound, the ECB resorted to non-conventional monetary policy instruments; insists that monetary policy cannot resolve the fiscal and economic problems that exist in many Member States and cannot be a substitute for necessary structural reforms.
Amendment 156 #
2015/2115(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Considers that the existing flexibility within theall tools available in the enhanced Stability and Growth Pact rules cshould be used to better address the weak recovery in some Member States and consolidate the overall long term growth, in particular through the Macroeconomic Imbalances Procedure;
Amendment 177 #
2015/2115(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 197 #
2015/2115(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. welcomes the willingness expressed by Mario Draghi during the Monetary dialogue of 23 September 2015 "to inform the European Parliament of the positions taken by the ECB" within organisations such as the Financial Stability Board or the Basel Committee on Banking Supervision;
Amendment 204 #
2015/2115(INI)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. supports the vision stated by Mario Draghi in his speech delivered in Frankfurt am Main on 16 March 2015 that "economic convergence should be reached through structural reforms that lead to an alignment of productivity levels. On the institutional side, we need to move from a system of rules and guidelines for national economic policy making to a system of further sovereignty sharing within common institutions. As part of this process, we need to strengthen the democratic accountability of Europe towards its citizens";
Amendment 207 #
2015/2115(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
Amendment 235 #
2015/2115(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 237 #
2015/2115(INI)
Motion for a resolution
Paragraph 25 – point a
Paragraph 25 – point a
Amendment 238 #
2015/2115(INI)
Motion for a resolution
Paragraph 25 – point b
Paragraph 25 – point b
Amendment 250 #
2015/2115(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Asks the ECBReminds the ECB, the Member States, the Council and the European Parliament (Economic and Monetary Affairs Committee) to examine the gender imbalance factor on its Council when itsand Board when their membership iss are renewed;
Amendment 267 #
2015/2115(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Believes that the current structure of the Banking Union should be complemented in the future with a single mechanism to guarantee bank deposits, aimed at avoiding capital flight in the event of a future banking crisis; echoes the statement made by the ECB President, at the thirty-second meeting of the International Monetary and Financial Committee in Lima, that completing the Banking Union is key "in order to create a truly single banking system and achieve its objectives of breaking the bank- sovereign nexus, making the financial system more resilient, and protecting the interests of taxpayers" and that in "parallel, the authorities will need to decisively deal with remaining crisis legacies to create a better foundation for bank lending to the real economy";
Amendment 281 #
2015/2115(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Welcomes the capital market union project and its potential contribution to rebalancing the funding channels and reducing excessive dependence of euro area economies on the banking system;
Amendment 282 #
2015/2115(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Welcomes the capital market union project and its potential contribution to reducing excessive dependence of euro area economies on the banking system; makes clear that the aim is not to diminish, or to keep funding means at their current level, but rather to increase and diversify them;
Amendment 18 #
2015/2106(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the need to take into account the wider global context; calls for a set of measures to improve the investment climate, attracting capital flows into the EU and restoring the international competitiveness ofinternational regulatory context; in particular when it comes to the timing and substance of legislative proposals to safeguard the international competitiveness of the EU´s financial sector, improve the investment climate of and attract capital flows into the Union;
Amendment 28 #
2015/2106(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Welcomes the envisaged diversification of funding channels, which should be complementary to the existing ones and promote instruments which have proved their usefulness; underlines the need to reduce administrative burdens and foster the application of the principles of subsidiarity, proportionality, coherence and practicability in EU legislation, in the interests of efficient, liquid and cost- effective capital markets;
Amendment 44 #
2015/2106(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. WSupports broadening the funding options available for SMEs; therefore welcomes the launch of consultations on the review of the Prospectus Directive and the efforts being made to remove regulatory barriers to access to securitisation; underlines, in particular, the need to open up financial markets to SMEs; supports broadening the funding options available for SME; calls for an ambitious effort to revive securitisation markets, which requires the avoidance of an overly prescriptive and detailed definition of simple, transparent and standardised (STS) securitisations; calls for improved access to long-term financing and for the development of a pan-European private placement market promoting venture capital, as well as alternative instruments such as peer-to-peer lending and crowdfunding;
Amendment 63 #
2015/2106(INI)
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls on the Commission to propose a coherent framework to enhance the quality and practicability of legislation, which should ensure greater and structural participation of ESAs during the level 1 phase and sufficient opportunity for ESAs to review as well as respond to unintended consequences that may arise during and following the implementation phase;
Amendment 58 #
2015/2010(INL)
Motion for a resolution
Recital N a (new)
Recital N a (new)
Na. whereas the OECD adopted comprehensive package of measures on BEPS (The OECD/G20 Base Erosion Profit Shifting (BEPS) Project); whereas the European Commission and Member States shall ensure that those are implemented as a minimum standard at Union level and remain ambitious; whereas it is of crucial importance that all Member Countries of OECD do implement them;
Amendment 140 #
2015/2010(INL)
Motion for a resolution
Recital U – point i
Recital U – point i
(i) whereas a mandatory Union-wide Common Consolidated Corporate Tax Base (CCCTB) wouldill be a major step towards solving those problems associated with aggressive tax planning within the Union and should be introduced as a matter of urgency; whereas the ultimate goal should remain a full, mandatory CCCTB with possible exemptions for small- and medium-sized enterprises and companies with no cross-border activity; whereas until a full CCCTB is in place, the Commission is considering temporary measures to counteract profit shifting opportunities; whereas it is necessary to ensure that those measures, including the offsetting of cross- border losses, do not increase the risk of BEPS;
Amendment 178 #
2015/2010(INL)
Motion for a resolution
Recital V – point i
Recital V – point i
(i) whereas aggressive tax planning practices may sometimes arise from the cumulative benefits of double taxation treaties concluded by different Member States, perversely resulting in double non- taxation instead; whereas the proliferation of double tax treaties signed up to by individual Member States with third countries may lead to opportunities for new loopholes; whereas international agreements regarding tax compliance, information exchange and cooperation against tax evasion should be negotiated by the European Commission on behalf of the Member States; whereas the postponement of the entry into force of FATCA and the associated IGAs between US and various Member States, should be used as an opportunity to renegotiate a Union-US agreement, replacing the bilateral agreements, and offering adequate legal safeguards for Union citizens and companies; whereas, in line with Action 15 of the OECD/G20 BEPS project, there is a need to develop a multilateral instrument for amending bilateral tax treaties;
Amendment 195 #
2015/2010(INL)
Motion for a resolution
Recital V – point vii
Recital V – point vii
(vii) whereas the Commission's ongoing investigations into alleged breaches of the Union state aid rules have revealed a degree of uncertainty regarding the way in which those rules should be applied; whereas to rectify this, the Commission should publish binding guidelines to clarify how it will determine instances of tax- related state aid, thereby providing more legal certainty for companies and Member States alike; whereas in the framework of modernisation of state aid regime the Commission should ensure effective ex- post control of the legality of granted state aid;
Amendment 375 #
2015/2010(INL)
Motion for a resolution
Annex – title 3 – subtitle 1 – indent 1
Annex – title 3 – subtitle 1 – indent 1
The Commission should negotiate tax agreements with third countries on behalf of the EU instead of the current practice under which bilateral negotiations are conducted, which produce sub-optimal results. The Commission has to ensure that such agreements are in full compliance with Union law, and take measures against extraterritorial application of third country legislation within the jurisdiction of the Union and its Member States.
Amendment 377 #
2015/2010(INL)
Motion for a resolution
Annex – title 3 – subtitle 1 – indent 3 a (new)
Annex – title 3 – subtitle 1 – indent 3 a (new)
All international tax arrangements shall foresee an enforcement mechanism.
Amendment 115 #
2015/0270(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) In June 2015, the Five Presidents Report on Completing Europe’s Economic and Monetary Union pointed out that a single banking system can only be truly single if confidence in the safety of bank deposits is the same irrespective of the Member State in which a bank operates. This requires single bank supervision, single bank resolution and single deposit insurance. The Five Presidents report therefore proposed to complete the Banking Union by establishing a European Deposit Insurance Scheme (EDIS), the third pillar of a fully-fledged Banking Union alongside bank supervision and resolution. Concrete steps in that direction shcould alreadonly be taken as a priorityfter sufficient effective risk reducing measures have been undertaken, with a re-insurance system at the European level for the national deposit guarantee schemes as a first step towards a fully mutualised approach. The scope of this reinsurance system should coincide with that of the SSM.
Amendment 167 #
2015/0270(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) EDIS shcould progressively evolve from a reinsurance scheme into a fully mutualised co-insurance scheme over a number of years. In the context of efforts to deepen the EMU, together with the work on the establishment of bridge- financing arrangements for the Single Resolution Fund (SRF) and on developing a common fiscal backstop, this step is necessary to reduce the bank/sovereign links in individual Member States by means of steps towards risk sharing among all the Member States in the Banking Union, and thereby to reinforce the Banking Union in achieving its key objectiven insurance scheme should all conditions prescribed in this regulation have been met. However, such risk sharing implied by steps to reinforce the Banking Union must proceed in parallel withis possible only once sufficient risk reducing measures designed to break the bank- sovereign link more directly have been undertaken.
Amendment 195 #
2015/0270(COD)
Proposal for a regulation
Recital 20
Recital 20
Amendment 241 #
2015/0270(COD)
Proposal for a regulation
Recital 27
Recital 27
(27) In principle, contributions should be collected from the industry prior to, and independently of, any deposit insurance action. When prior funding is insufficient to cover the losses or costs incurred by the use of the Deposit Insurance Fund, additional contributions should be collected to bear the additional cost or loss. Moreover, the Deposit Insurance Fund should be able to contract borrowings or other forms of support from credit institutions, financial institutions or other third parties in the event that the ex-ante and ex post contributions are not immediately accessible or do not cover the expenses incurred by the use of the Deposit Insurance Fund in relation to deposit insurance actions.
Amendment 260 #
2015/0270(COD)
Proposal for a regulation
Recital 30
Recital 30
(30) Ensuring effective and sufficient financing of the Deposit Insurance Fund is of paramount importance to the credibility of EDIS. The capacity of the Board to contract alternative funding means for the Deposit Insurance Fund should be enhanced in a manner that optimises the cost of funding and preserves the creditworthiness of the Deposit Insurance Fund. Immediately after the entry into force of this Regulation, the necessary steps should be taken by the Board in cooperation with the participating Member States to develop the appropriate methods and modalities permitting the enhancement of the borrowing capacity of the Deposit Insurance Fund that should be in place by the date of application of this Regulation.
Amendment 353 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) 806/2014
Article -41 a (new)
Article -41 a (new)
Amendment 407 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 2
Part IIa – title I – chapter 2
Amendment 413 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41d - paragraph 1
Article 41d - paragraph 1
Amendment 417 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41d - paragraph 2
Article 41d - paragraph 2
Amendment 418 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41d - paragraph 3
Article 41d - paragraph 3
Amendment 430 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Part IIa – title I – chapter 3 – title
Part IIa – title I – chapter 3 – title
Full insurance Insurance
Amendment 435 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41h – paragraph -1 (new)
Article 41h – paragraph -1 (new)
-1. This Chapter shall apply not before the date of application or, where relevant, the expiry of the transposition period of a risk adequate regulatory treatment of sovereign debt held by credit institutions and of a sovereign debt restructuring procedure that supports the prevention and facilitates the resolution of potential future cases of sovereign debt overhang.
Amendment 438 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41h – paragraph 1
Article 41h – paragraph 1
1. As from the end of the core- insurance period, the participating DGS shall be fully insured by EDIS in accordance with this Chapter.
Amendment 461 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41i – paragraph 1 - introductory part
Article 41i – paragraph 1 - introductory part
1. A participating DGS shall not be covered by EDIS in the reinsurance, co- insurance or full insurance phase, if the Commission, acting on its own initiative or upon a request of the Board or a participating Member State, decides and informs the Board accordingly that at least one of the following disqualifying conditions is met:
Amendment 489 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41j – paragraph 1 – introductory part
Article 41j – paragraph 1 – introductory part
1. A participating DGS shall only be reinsured, co-insured or fully or insured by EDIS during the year following any of the dates set out below, if, by that date, its available financial means raised by contributions referred to in Article 10(1) of Directive 2014/49/EU amount to at least the following percentages of the total amount of covered deposits of all credit institutions affiliated to the participating DGS: - by 3 July 20178: 0.214%; - - by 3 July 2019- date of entry into application of the reinsurance: 0.2815%; - by 3 July 2020one year after entry into application of the reinsurance: 0.28%; - by 3 July 2021two years after entry into application of the reinsurance: 0.265%; - by 3 July 2022three years after entry into application of the reinsurance: 0.203%; - by 3 July 2023four years after entry into application of the reinsurance: 0.1135%; - by 3 July 2024: 0%.five years after entry into application of the reinsurance: 0.4%;
Amendment 494 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41j – paragraph 1 a (new)
Article 41j – paragraph 1 a (new)
1a. By way of derogation from paragraph 1 the available financial means of institutional protection schemes as referred to in Article 113 (7) of Regulation (EU) No 575/2013 that are officially recognised as DGSs according to Article 4 (1) of Directive (EU) No 49/2014 shall amount to at least the following percentages of the total amount of covered deposits of all credit institutions affiliated to the recognised DGS: – date of entry into application of the reinsurance: 0.3%; – one year after entry into application of the reinsurance: 0.4%; – two years after entry into application of the reinsurance: 0.45%; – three years after entry into application of the reinsurance: 0.5%; – four years after entry into application of the reinsurance: 0.55%; – five years after entry into application of the reinsurance: 0.6%.
Amendment 496 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) No 806/2014
Article 41j – paragraph 2
Article 41j – paragraph 2
2. The Commission, after consulting the Board and with the consent of the Council, which shall for this purpose act by simple majority, may approve a derogation from the requirements set out in paragraph 1 for duly justifiedstrictly necessary reasons linked to the business cycle in the respective Member State, the impact pro- cyclical contributions may have, or to a payout event which occurred at national level. Those derogations must be temporary and may be subject to the fulfilment of certain conditions. During this time the participating DGS shall not have access to the individual risk-based subfunds of the other participating DGSs.
Amendment 634 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 b – paragraph 5 –introductory part
Article 74 b – paragraph 5 –introductory part
5. The Commission shall be empowered to adopt delegated acts in accordance with Article 93 to specify the following:calculation of the contributions to the joint risk-based subfund shall be based on the amount of covered deposits and the degree of risk incurred by each participating DGS relative to all other participating DGSs. The Council and the European Parliament will adopt, in the ordinary legislative procedure, based on a legislative proposal by the Commission and at the latest together with the decision under Art. 41 aa (new) paragraph 2, provisions to further specify the calculation formula, specific indicators, risk classes for participating DGSs, thresholds for risk weights assigned to specific risk classes, and other necessary elements.
Amendment 733 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 f - title
Article 74 f - title
Article 74f Voluntary lending to and borrowing from non- participating DGS
Amendment 736 #
2015/0270(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 34
Article 1 – paragraph 1 – point 34
Regulation (EU) No 806/2014
Article 74 f – paragraph 3
Article 74 f – paragraph 3
Amendment 132 #
2015/0226(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) It is essential that competent authorities work closely together to ensure a common and consistent understanding of the STS requirements throughout the Union and to address potential interpretation issues. In the light of this objective, the three ESAs should, in the framework of the Joint Committee of the European Supervisory Authorities within which a new securitisation committee shall be set up, coordinate their work and that of the competent authorities to ensure cross- sectoral consistency and assess practical issues which may arise with regards to STS securitisations. In doing so, the views of market participants should also be requested and taken into account to the extent possible. The outcome of these discussions should be made public on the websites of the ESAs so as to help originators, sponsors, SSPEs and investors assess STS securitisations before issuing or investing in such positions. Such a coordination mechanism would be particularly important in the period leading to the implementation of this Regulation.
Amendment 146 #
2015/0226(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) The ability of investors to exercise due diligence and thus make an informed assessment of the creditworthiness of a given securitisation instrument depends on their access to information on those instruments.. Based on the existing acquis, it is important to create a comprehensive system under which investors will have access to all the relevant information over the entire life of the transactions and to reduce originators,’ and sponsors and SSPEs' reporting tasks and to facilitate investors' continuous; easy and free access to reliable information on securitisations.
Amendment 150 #
2015/0226(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) Originators, and sponsors and SSPE's should make all materially relevant data on the credit quality and performance of underlying exposures available in the investor report, including data allowing investors to clearly identify delinquency and default of underlying debtors, debt restructuring, debt forgiveness, forbearance, repurchases, payment holidays, losses, charge offs, recoveries and other asset performance remedies in the pool of underlying exposures. Data on the cash flows generated by underlying exposures and by the liabilities of the securitisation issuance, including separate disclosure of the securitisation position’s income and disbursements, that is scheduled principal, scheduled interest, prepaid principal, past due interest and fees and charges and any data relating to the breach of any triggers implying changes in the priority of payments or replacement of any counterparties as well as data on the amount and form of credit enhancement available to each tranche should also be made available in the investor report. Although securitisations that are simple, transparent and standardised have in the past performed well, the satisfaction of any STS requirements does not mean that the securitisation position is free of risks, nor does it indicate anything about the credit quality underlying the securitisation. Instead, it should be understood to indicate that a prudent and diligent investor will be able to analyse the risks involved in the securitisation. There should be two types of STS requirements: one for long-term securitisations and one for short-term securitisations (ABCP), which should be subject to a large extent to similar requirements with specific adjustments to reflect the structural features of these two market segments. The functioning of these markets are different with ABCP programmes relying on a number of ABCP transactions consisting of short term exposures which need to be replaced once matured. In addition, STS criteria need also to reflect the specific role of the sponsor providing liquidity support to the ABCP conduits.
Amendment 154 #
2015/0226(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) To ensure that investors perform robust due diligence and to facilitate the assessment of underlying risks, it is important that securitisation transactions are backed by pools of exposures that are homogenous in asset type, such as pools of residential loans, pools of commercial loans, leases and credit facilities to undertakings of the same category to finance capital expenditureproperty loans to individuals, property loans secured on commercial property, consumer loans made to individuals for personal, family or household consumption purposes, financial contracts for business operations, pools of auto loans and leases to borrowers or lessees or loans and pools of credit facilities to individuals for personal, family or household consumption purposthe purpose of financing the purchase of a motor vehicle (including loans, leases and hire purchase contracts), loans entered into with motor dealers to fund the purchase or retention of stock, loans to SMEs, loans to corporate entities (excluding SMEs), trade receivables and equipment leases (excluding leases of cars, vans, trucks and motorbikes).
Amendment 161 #
2015/0226(COD)
Proposal for a regulation
Recital 21
Recital 21
(21) Where a securitisation no longer meets the STS requirements, the originator, and sponsor and SSPE should immediately notify ESMA. Moreover, where a competent authority has imposed administrative sanctions or remedial measures with regard to a securitisation notified as being STS, that competent authority should immediately notify ESMA for its indication on the STS notifications list allowing investors to be informed about such sanctions and about the reliability of STS notifications. It is therefore in the interest of originators, and sponsors and SSPE's to make well-considered notifications due to reputational consequences.
Amendment 163 #
2015/0226(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) Investors should perform their own due diligence on investments commensurate with the risks involved but they should be able to rely on the STS notifications and on the information provided by the originator, and sponsor and SSPE on STS compliance. They should not, however, solely and mechanistically rely on such a notification, nor on the information provided by the originator and sponsor.
Amendment 165 #
2015/0226(COD)
Proposal for a regulation
Recital 23
Recital 23
(23) The involvement of third parties in helping to check compliance of a securitisation with the STS requirements may be useful for investors, originators, sponsors and SSPE's and could contribute to increase confidence in the market for STS securitisations. Originators and sponsors should also use the services of a third party authorised in accordance with this Regulation to assess whether their securitisation complies with the STS criteria. Such bodies must be subject to regulatory oversight. The notification to ESMA and the subsequent publication on ESMA's website should mention that STS compliance was confirmed by an authorised third-party. However, it is essential that investors make their own assessment, take responsibility for their investment decisions and do not mechanistically rely on such third parties.
Amendment 176 #
2015/0226(COD)
Proposal for a regulation
Recital 37
Recital 37
(37) For securitisation positions outstanding as of the date of entry into force of this Regulation, originators, sponsors and SSPEs may use the designation 'STS' provided that the securitisation complies with the STS requirements. Therefore, originators, sponsors and SSPEs should be able to submit an STS notification pursuant to Article 14 (1) of this Regulation to ESMA. Any subsequent modifications to the securitisation should be accepted provided that it meets all of the applicable STS requirements.
Amendment 185 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 2
Article 2 – paragraph 1 – point 2
(2) 'Securitisation Special Purpose Entity' or 'SSPE' means a corporation, trust or other legal entity, other than an originator or sponsor, established for the purpose of carrying out one or more securitisations, the activities of which are limited to those appropriate to accomplishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction; An exposure that meets the criteria listed in points (a) to (c) of Article 147(8) of Regulation (EU) No 2013/575 and is used to operate physical assets shall not be considered an exposure to a securitisation.
Amendment 187 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point b a (new)
Article 2 – paragraph 1 – point 3 – point b a (new)
(b a) By derogation from points (a) and (b), in the case of a fully-supported ABCP programme, institutional investors in the relevant commercial papers shall consider the features of the ABCP programme and the liquidity support by the sponsor
Amendment 188 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 4
Article 2 – paragraph 1 – point 4
(4) 're-securitisation' means securitisation where the risk associated with an underlying pool of exposures is tranched and at least one of the underlying exposures is a securitisation position;
Amendment 189 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 5
Article 2 – paragraph 1 – point 5
(5) 'sponsor' means a credit institution or investment firm as defined in Article 4(1) points (1) and (2) of Article 4(1) of Regulation (EU) No 2013/575575/2013 or a third-country credit institution or a third country investment firm provided the third country applies prudential and supervisory requirements to that entity that are at least equivalent to those applied in the Union, other than an originator or original lender, that establishes and manages an asset-backed commercial paper programme or other securitisation transaction or scheme that purchases exposures from third-party entities;
Amendment 190 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 5
Article 2 – paragraph 1 – point 5
(5) 'sponsor' means a credit institution or investment firm as defined in Article 4(1) points (1) and (2) of Regulation (EU) No 2013/575 other than an originator that establishes and manages an asset-backed commercial paper programme or other securitisation transaction or scheme that purchases exposures from third-party entities. For the purpose of this definition, a sponsor shall also be considered to manage a securitisation transaction or scheme where that transaction or scheme involves day-to-day active portfolio management which is delegated to an entity authorised to perform such activity in accordance with Directive 2014/65/EU, Directive 2011/61/EU or Directive 2009/65/EC;
Amendment 203 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 11
Article 2 – paragraph 1 – point 11
(11) 'investor' means a person holding a securities resulting from a securitisasation position;
Amendment 206 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 18 a (new)
Article 2 – paragraph 1 – point 18 a (new)
(18 a) 'balance sheet securitisation' means a securitisation transaction structured by an institution to transfer the risk of exposures originated by the institution itself or one of its affiliates in the banking book off its balance sheet, where the transfer of risk is achieved by the use of credit derivatives or guarantees and the exposures being securitised remain exposures of the originator institution.
Amendment 208 #
2015/0226(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 18 a (new)
Article 2 – paragraph 1 – point 18 a (new)
(18 a) 'securitisation position' means a credit-risk exposure to a securitisation;
Amendment 215 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
1. An institutional investor shall verify before becoming exposed to a securitisation position that:
Amendment 222 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point c
Article 3 – paragraph 1 – point c
(c) the originator, sponsor and SSPE, where applicable, make available the information required by Article 5 of this Regulation in accordance with the frequency and modalities provided in that Article;
Amendment 224 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 2 – introductory part
Article 3 – paragraph 2 – introductory part
2. Before becoming exposed to a securitisation position, institutional investors shall also carry out a due diligence assessment commensurate with the risks involved including at least the following aspects:
Amendment 225 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 2 – point b a (new)
Article 3 – paragraph 2 – point b a (new)
(b a) By derogation from points (a) and (b), in the case of a fully-supported ABCP programme, institutional investors in the relevant commercial papers shall consider the features of the ABCP programme and the liquidity support by the sponsor
Amendment 228 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 3 – introductory part
Article 3 – paragraph 3 – introductory part
3. Institutional investors that are exposed to a securitisation position shall at least:
Amendment 232 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 3 – point b a (new)
Article 3 – paragraph 3 – point b a (new)
(b a) in the case of fully-supported ABCP transactions, regularly perform stress tests on the creditworthiness of the liquidity facility provider rather than on the securitised exposures;
Amendment 234 #
2015/0226(COD)
Proposal for a regulation
Article 3 – paragraph 3 a (new)
Article 3 – paragraph 3 a (new)
3a. Where an institutional investor has given another institutional investor authority to make investment management decisions that might expose it to a securitisation position, the institutional investor may instruct that managing party to fulfil its obligations under this Article in respect of any exposure to a securitisation arising from those decisions. Member States shall ensure that where an institutional investor is instructed under this paragraph to fulfil the obligations of another institutional investor and fails to do so, any sanction that may be imposed for the purposes of Article 17 and 18 of this Regulation can be imposed on the managing institutional investor and not the institutional investor who is exposed to the securitisation.
Amendment 241 #
2015/0226(COD)
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
The originator, sponsor or the original lender of a securitisation shall retain on an ongoing basis a material net economic interest in the securitisation of not less than 5 %, which shall be measured at the origination and shall be determined by the notional value for off-balance sheet items. Where the originator, sponsor or the original lender have not agreed between them who will retain the material net economic interest, the originator shall retain the material net economic interest. There shall be no multiple applications of the retention requirements for any given securitisation. The material net economic interest shall be measured at the origination and shall be determined by the notional value for off-balance sheet items. The material net economic interest shall not be split amongst different types of retainers and not be subject to any credit risk mitigation or hedging.
Amendment 280 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 1 – introductory part
Article 5 – paragraph 1 – introductory part
1. The originator, sponsor and SSPE of a securitisation shall, in accordance with paragraph 2, make at least the following information available to holders of a securitisation position and to the competent authorities referred to in Article 15 of this Regulation. In the case of ABCP, the information described in points (a), (c)(ii) and (e)(i) shall be made available in aggregate form to holders of securitisation position. In the case of a fully supported ABCP programme within the meaning of Article 2(21), no transaction documentation shall be disclosed to investors.
Amendment 281 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 1 – introductory part
Article 5 – paragraph 1 – introductory part
1. The originator, and sponsor and SSPE of a securitisation shall, in accordance with paragraph 2, make at least the following information available to holders of a securitisation position and to the competent authorities referred to in Article 15 of this Regulation.
Amendment 283 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point a
Article 5 – paragraph 1 – point a
(a) information on the exposures underlying the securitisation on a quarterly basis, or, in the case of ABCP, summary information on the underlying receivables or credit claims on a monthly basis;. Summary information on the underlying receivable or credit claims shall be general information at the program level regarding the types of exposures transferred to the ABCP conduit and other information relating to each category of exposures. It shall not be information relating to individual exposures. The originator, sponsor or SSPE may provide additional information beyond the requirements in this Article if they wish to do so, including in the case of ABCP.
Amendment 289 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point e – point i
Article 5 – paragraph 1 – point e – point i
(i) all materially relevant data on the credit quality and performance of underlying exposures. In the case of ABCP this data may be general data by category of assets;
Amendment 294 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point g – point v – paragraph 4
Article 5 – paragraph 1 – point g – point v – paragraph 4
The information described in subparagraphs (f) and (g) shall be made available without delay. When complying with this paragraph, the originator, sponsor and SSPE of a securitisation shall comply with national and Union law governing the protection of confidentiality of information and the processing of personal data in order to avoid potential breaches of such legislation as well as any confidentiality obligation relating to customer, original lender or debtor information, unless such confidential information is anonymised or aggregated. In particular, with regard to the information referred to in point (b) the originator, sponsor and SSPE may provide a summary of the concerned documentation.
Amendment 299 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 2 – introductory part
Article 5 – paragraph 2 – introductory part
2. The originator, and sponsor and SSPE of a securitisation shall designate amongst themselves one entity to fulfil the information requirements pursuant to paragraph 1. The originator, and sponsor and SSPE shall ensure that the information is available free of charge to the holder of a securitisation position and competent authorities, in a timely and clear manner. The entity designated to fulfil the requirements set out in paragraph 1 shall make the information available by means of a website which shall;
Amendment 301 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 3 – point a
Article 5 – paragraph 3 – point a
(a) the information that the originator, sponsor and SSPE shouldall provide in order to comply with their obligations under paragraph 1oints (a) and (de) of paragraph 1 and the format thereof by means of standardised templates taking into account the usefulness of information for the holder of the securitisation position, whether the securitisation position is of a short term nature and, in the case of an ABCP transaction, whether it is fully supported by a sponsor;
Amendment 303 #
2015/0226(COD)
Proposal for a regulation
Article 5 – paragraph 3 – point a
Article 5 – paragraph 3 – point a
(a) the information that the originator, and sponsor and SSPE should provide to comply with their obligations under paragraph 1(a) and (d) and the format thereof by means of standardised templates;
Amendment 313 #
2015/0226(COD)
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
Originators, and sponsors and SSPE's shall use the designation "STS" or a designation that refers directly or indirectly to these terms for their securitisation only where the securitisation meets all the requirements of Section 1 or Section 2 of this Regulation, and they have notified ESMA pursuant to Article 14 (1).
Amendment 320 #
2015/0226(COD)
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
Securitisations, except ABCP securitisations, that meet the requirements in Article 7(a) or the requirements in Articles 8, 9 and 10 of this Regulation shall be considered 'STS'.
Amendment 324 #
2015/0226(COD)
Proposal for a regulation
Article 7 – paragraph 1 a (new)
Article 7 – paragraph 1 a (new)
Securitisations, excluding ABCP programmes and transactions, sold to investors after 1 January 2011 and before the date of entry into force of this Regulation will, from the time they are the subject of a notification pursuant to Article 14(1), be considered "STS" provided that: (a) they met at the time of issuance, the requirements set out in Article 8(1) to (5) and (7) to (9) and Article 9(1) and (3); (b) they meet, from the time of the Article 14(1) notification, the requirements set out in Article 8(2), (6), Article 9(2), (4) to (8) and Article 10(1) to (4).
Amendment 325 #
2015/0226(COD)
Proposal for a regulation
Article 7 – paragraph 1 b (new)
Article 7 – paragraph 1 b (new)
(1) Upon notification by a national competent authority or ESMA to the relevant originator or sponsor of a securitisation that was the subject of notification in accordance with Article 14(1) that the notifying entity is not satisfied that such a securitisation continues to meet the STS requirements, the originator or sponsor shall have two months from the date of such a notification to remedy the situation to the satisfaction of the notifying authority and shall make investors aware of the notification. (2) During the two month period following a notification by a national competent authority or ESMA in accordance with Article 7(1b)(1) the securitisation that was the subject of such notification shall not lose its STS- compliant status. (3) If, within two months of the notification referred to in Article 7(1b) (1), the situation has been remedied to the satisfaction of the relevant competent authority, then such a securitisation shall continue to be deemed STS-compliant. (4) Notwithstanding the provisions in Article 7(1b) (2) and 7(1b) (3), if the competent authority deems that the retention of STS-compliant status would put at risk the integrity of the STS label, or financial stability, it is authorised to remove the STS status of the securitisation. (5) The provisions of this article shall not limit the rights to impose any sanctions envisaged in Articles 17 and 18.
Amendment 330 #
2015/0226(COD)
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
4. The securitisation shall be backed by a pool of underlying exposures that are homogeneous in terms of asset type. Residential property loans to individuals, property loans secured on commercial property, consumer loans made to individuals for personal, family or household consumption purposes, financial contracts for the purpose of financing the purchase of a motor vehicle (including loans, leases and hire purchase contracts), loans entered into with motor dealers to fund the purchase or retention of stock, loans to SMEs, loans to corporate entities (excluding SMEs), trade receivables and equipment leases (excluding leases of cars, vans, trucks and motorbikes) should be understood as being homogeneous. A pool of underlying exposures shall only comprise one asset type. The underlying exposures shall be contractually binding and enforceable obligations with full recourse to debtors, with defined periodic payment streams relating to rental, principal, interest payments, or related to any other right to receive income from assets warranting such payments. The underlying exposures shall not include transferable securities, as defined in Directive 2014/65/EU.
Amendment 358 #
2015/0226(COD)
Proposal for a regulation
Article 10 – paragraph 1
Article 10 – paragraph 1
1. The originator, and sponsor, and SSPE shall provide access to data on static and dynamic historical default and loss performance, such as delinquency and default data, for substantially similar exposures to those being securitised to the investor before investing. Those data shall cover a period no shorter than seven years for non-retail exposures and five years for retail exposures. The basis for claiming similarity shall be disclosed.
Amendment 361 #
2015/0226(COD)
Proposal for a regulation
Article 10 – paragraph 3
Article 10 – paragraph 3
3. The originator or sponsor shall providmake available a liability cash flow model to investors, both before the pricing of the securitisation and on an ongoing basis.
Amendment 364 #
2015/0226(COD)
Proposal for a regulation
Article 10 – paragraph 4
Article 10 – paragraph 4
4. The originator, and sponsor and SSPE shall be jointly responsible for compliance with Article 5 of this Regulation and shall makebe responsible for ensuring that all information required by Article 5(1) (a) is made available to potential investors before pricing. The originator, and sponsor and SSPE shall makeshall be responsible for ensuring that the information required by Article 5 (1) (b) to (e) is made available before pricing at least in draft or initial form, where permissible under Article 3 of Directive 2003/71/EC. The originator, and sponsor and SSPE shall makeshall be responsible for ensuring that the final documentation is made available to investors at the latest 15 days after closing of the transaction.
Amendment 370 #
2015/0226(COD)
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
An ABCP securititransactions shall be considered 'STS' where ithe ABCP programme complies with the transaction level requirements in Article 13 of this Regulation and all transactions within that ABCP programme fulfil2. An ABCP programme shall be considered STS where it complies with the requirements in Article 123.
Amendment 373 #
2015/0226(COD)
Proposal for a regulation
Article 12 – paragraph 1
Article 12 – paragraph 1
1. A transaction within an ABCP programme shall meet the requirements of Section 1 of this Chapter, except for Articles 7, Article 8 (4) and (6), Article 9 (3), (4), (5), (6) and (8) and Article 10 (3)this Article to be considered STS. For the purposes of this Section, the terms "originator" and "original lender" under Article 8(7) shall be considered the seller.
Amendment 374 #
2015/0226(COD)
Proposal for a regulation
Article 12 – paragraph 1 a (new)
Article 12 – paragraph 1 a (new)
1a. The repayment of the holders of the securitisation positions shall not depend, predominantly, on the sale of assets securing the underlying exposures. This shall not apply to assets the value of which is guaranteed or fully mitigated by an effective commitment by the seller or another third party to repurchase or refinance the asset securing the underlying exposure at a fixed amount. This shall not prevent such assets from being subsequently rolled-over or refinanced.
Amendment 378 #
2015/0226(COD)
Proposal for a regulation
Article 12 – paragraph 2
Article 12 – paragraph 2
2. Transactions within an ABCP programme shall be backed by a pool of underlying exposures that are homogeneous in terms of asset type and shall have a remaining weighted average life of no more than twohree years and none shall have a residual maturity of longer than threesix years. The underlying exposures shall not include loans secured by residential or commercial mortgages or fully guaranteed residential loans, as referred to in paragraph 1(e) of Article 129 of Regulation (EU) No 575/2013. The underlying exposures shall contain contractually binding and enforceable obligations with full recourse to debtors with defined payment streams relating to rental, principal, interest, or related to any other right to receive income from assets warranting such payments. The underlying exposures shall not include transferable securities, as defined in Directive 2014/65/EU.
Amendment 381 #
2015/0226(COD)
Proposal for a regulation
Article 12 – paragraph 6 – point c
Article 12 – paragraph 6 – point c
Amendment 382 #
2015/0226(COD)
Proposal for a regulation
Article 12 – paragraph 7 – point d – paragraph 1
Article 12 – paragraph 7 – point d – paragraph 1
The sponsor shall perform its own due diligence and verify that the seller meets sound underwriting standards, servicing capabilities and collection processes that meet the requirements specified in points (i) to (m) of Article 259 (3) of Regulation (EU) No 575/2013 or equivalent requirements in third countries.
Amendment 384 #
2015/0226(COD)
Proposal for a regulation
Article 12 a (new)
Article 12 a (new)
Article 12 a The originator, sponsor, and SSPE shall provide access to data on static and dynamic historical default and loss performance, such as delinquency and default data, for exposures substantially similar to those being securitised to the holders of the securitisation position. Where the sponsor does not have access to such data, it shall obtain from the seller access to data on a static or dynamic basis, historical performance, such as delinquency and default data, for exposures substantially similar to those being securitised. Those data shall cover a period no shorter than five years, except for trade receivables and other short term receivables for which the historical period shall be no shorter than a period of three years. The sources of the data and the basis for claiming similarity shall be disclosed.
Amendment 389 #
2015/0226(COD)
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
1. All70 % of the ABCP transactions within an ABCP programme, as measured by the volume of securitised exposures, shall fulfil the requirements of Article 12 of this Rregulation.
Amendment 391 #
2015/0226(COD)
Proposal for a regulation
Article 13 – paragraph 5
Article 13 – paragraph 5
5. The sSecurities issued by an ABCP programme sthall not include call options, extension clauses or other clauses at the discretion of the originator, sponsor or SSPE, that have an effect on their final maturity shall not be regarded STS.
Amendment 392 #
2015/0226(COD)
Proposal for a regulation
Article 13 – paragraph 7 – point a
Article 13 – paragraph 7 – point a
Amendment 394 #
2015/0226(COD)
Proposal for a regulation
Article 13 – paragraph 7 – point b
Article 13 – paragraph 7 – point b
Amendment 398 #
2015/0226(COD)
Proposal for a regulation
Article 13 – paragraph 7 – point e
Article 13 – paragraph 7 – point e
Amendment 402 #
2015/0226(COD)
Proposal for a regulation
Article 13 – paragraph 8
Article 13 – paragraph 8
8. The originator, sponsor and SSPE shall be jointlysponsor shall be responsible for compliance at ABCP programme level with Article 5 of this Regulation and shall make all information required by Article 5(1) (a) available to potential investors before pricing. The originator, sponsor and SSPE shall make theArticle 5 shall make available to potential investors before pricing: (a) all aggregated information required by point (a) of Article 5 (1) (b) to (e) available before pricing at least in draft or initial form, where permissible under Article 3 of Directive 2003/71/EC. The originator, sponsor and SSPE shall make the final documentation available to investors at the latest 15 days after closing, available to investors; (b) the information required by points (b) to (e) of Article 5(1) of this Regulation, available. In the case of a fully supported ABCP programme within the meaning of Article 2 para. 21 no transaction documentation shall be disclosed to investors. Documentation referred to in point (b) (ii) to (vi) may be made available in a summarized form in the final offering documentation ofr the transactionprospectus.
Amendment 407 #
2015/0226(COD)
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
1. Originators, sponsors and SSPE's shall jointly notify ESMA by means of the template referred to in paragraph 5 of this Article that the securitisation meets the requirements of Articles 7 to 10 or Articles 11 to 13 of this Regulation ('STS notification'). In case of an ABCP programme with multiple originators, each originator shall notify ESMA only with regard to the requirements in Article 12 for its own transaction and in an anonymised form. With regard to public securitisations ESMA shall publish the STS notification on its official website pursuant to paragraph 4. They shall also inform their competent authority. The originator, sponsor and SSPE of a securitisation shall designate amongst themselves one entity to be the first contact point for investors and competent authorities.
Amendment 414 #
2015/0226(COD)
Proposal for a regulation
Article 14 – paragraph 1 a (new)
Article 14 – paragraph 1 a (new)
1a. The originator and sponsor shall use the service of a third party authorized in accordance with Article 14a to assess whether a securitisation complies with the criteria in Articles 7-10 or 11-13, the STS notification shall include a statement that the compliance with the STS criteria was confirmed by that third party. The notification shall include the name of the authorised third party, its place of establishment and the name of the competent authority that authorised it.
Amendment 418 #
2015/0226(COD)
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
Amendment 421 #
2015/0226(COD)
Proposal for a regulation
Article 14 – paragraph 3
Article 14 – paragraph 3
3. The originator, and sponsor and SSPE shall immediately notify ESMA and their competent authority when a securitisation no longer meets the requirements of either Articles 7 to 10 or Articles 11 to 13 of this Regulation.
Amendment 425 #
2015/0226(COD)
Proposal for a regulation
Article 14 – paragraph 4
Article 14 – paragraph 4
4. ESMA shall maintain a list of all securitisations for which the originators, and sponsors and SSPEs have notified that they meet the requirements of Articles 7 to 10 or Articles 11 to 13 of this Regulation on its official website. ESMA shall update the list where the securitisations are no longer considered to be STS following a decision of competent authorities or a notification by the originator, or sponsor or SSPE. Where the competent authority has imposed administrative sanctions or remedial measures in accordance with Article 17, it shall immediately notify ESMA thereof. ESMA shall immediately indicate on the list that a competent authority has imposed administrative sanctions or remedial measures in relation to the securitisation concerned.
Amendment 427 #
2015/0226(COD)
Proposal for a regulation
Article 14 – paragraph 5 – subparagraph 1
Article 14 – paragraph 5 – subparagraph 1
ESMA, in close cooperation with EBA and EIOPA, shall develop draft regulatory technical standards that specify the information that the originator, and sponsor and SSPEmust provide to comply with their obligations under paragraph 1, and shall provide the format by means of standardised templates.
Amendment 429 #
2015/0226(COD)
Proposal for a regulation
Article 14 a (new)
Article 14 a (new)
Amendment 433 #
2015/0226(COD)
Proposal for a regulation
Article 15 – paragraph 4
Article 15 – paragraph 4
4. For entities not covered by the Union legislative acts referred to in paragraph 3, Member States shall designate one or more competent authority to ensure compliance with Articles 4 to 14 of this Regulation. Member States shall inform the Commission, ESMA, EBA and EIOPA and the competent authorities of other Member States of the designation of competent authorities pursuant to this paragraph. This obligation shall not apply with regard to corporates selling exposures under an ABCP programme or another securitisation transaction or scheme.
Amendment 435 #
2015/0226(COD)
Proposal for a regulation
Article 16 – paragraph 2
Article 16 – paragraph 2
2. The competent authority shall regularly review the arrangements, process and mechanisms implemented by originators, sponsors, SSPE's and original lenders to comply with this Regulation.
Amendment 437 #
2015/0226(COD)
Proposal for a regulation
Article 16 – paragraph 3
Article 16 – paragraph 3
3. Competent authorities shall ensurequire that risks arising from securitisation transactions, including reputational risks, are evaluated and addressed through appropriate policies and procedures of originators, sponsors, SSPE's and original lenders.
Amendment 445 #
2015/0226(COD)
Proposal for a regulation
Article 17 – paragraph 1 – point b
Article 17 – paragraph 1 – point b
(b) an originator, or sponsor and SSPE have failed to meet the requirements of Article 5;
Amendment 447 #
2015/0226(COD)
Proposal for a regulation
Article 17 – paragraph 1 – point c – paragraph 1
Article 17 – paragraph 1 – point c – paragraph 1
an originator, or sponsor and SSPE have failed to meet the requirements of Articles 7 to 10 or Articles 11 to 13 of this Regulation .
Amendment 448 #
2015/0226(COD)
Proposal for a regulation
Article 17 – paragraph 1 – point c – paragraph 1 a (new)
Article 17 – paragraph 1 – point c – paragraph 1 a (new)
an originator or sponsor, in contravention of Article 6 of this Regulation, uses the designation 'STS' for their securitisation, other than while the securitisation meets all the requirements of either Articles 7 to 10 or Articles 11 to 13 of this Regulation;
Amendment 449 #
2015/0226(COD)
Proposal for a regulation
Article 17 – paragraph 1 – point c – paragraph 1 b (new)
Article 17 – paragraph 1 – point c – paragraph 1 b (new)
an originator or sponsor makes a misleading notification pursuant to Article 14(1) of this Regulation.
Amendment 459 #
2015/0226(COD)
Proposal for a regulation
Article 21 – paragraph 1 a (new)
Article 21 – paragraph 1 a (new)
1a. A specific Securitisation committee within the framework of the joint- committee of the European Supervisory Authorities shall be set up, within which competent authorities shall closely coordinate, in order to carry out their duties pursuant to Articles 16 to 19 of this Regulation.
Amendment 460 #
2015/0226(COD)
Proposal for a regulation
Article 21 – paragraph 3
Article 21 – paragraph 3
3. Where a competent authority finds that this Regulation has been infringed or has reason to believe so, it shall inform the competent supervisorauthority of the originator, sponsor, original lender, SSPE or investor of its findings in a sufficient detailed manner. The competent authorities concerned shall closely coordinate their supervision andin order to ensure consistent decisions and the competent authority finding the infringement should notify ESMA.
Amendment 461 #
2015/0226(COD)
Proposal for a regulation
Article 21 – paragraph 4
Article 21 – paragraph 4
4. Where the infringement referred to in paragraph 3 concerns, in particular, an incorrect or misleading notification pursuant to Article 14 (1) of this Regulation, the competent authority finding that infringement shall also notify without delay ESMA, EBA and EIOPA of its findings.
Amendment 463 #
2015/0226(COD)
Proposal for a regulation
Article 21 – paragraph 5
Article 21 – paragraph 5
5. Upon reception of the information referred to in paragraph 3, the competent authority shall take any necessary action to address the infringement identified and notify the other competent authorities concerned, in particular those of the originator, the sponsor, SSPE and the competent authorities of the holder of a securitisation position, when known. In case of disagreement between the competent authorities, the matter may be referred to ESMA and the procedure of Article 19 and, where applicable, Article 20 of Regulation (EU) No 1095/2010 shall apply.
Amendment 469 #
2015/0226(COD)
Proposal for a regulation
Article 28 – paragraph 2
Article 28 – paragraph 2
2. In respect of securitisation positions outstanding as of ... [date of entry into force of this Regulation], originators, and sponsors and SSPEs may use the designation 'STS' or a designation that refers directly or indirectly to these terms only where the requirements set out in Article 6 of this Regulation are complied with.
Amendment 473 #
2015/0226(COD)
Proposal for a regulation
Article 28 – paragraph 6
Article 28 – paragraph 6
6. Until the moment that the regulatory technical standards to be adopted by the Commission pursuant to Article 5 (3) of this Regulation are of application, originators, and sponsors and SSPE's shall, for the purposes of the obligations set out in points (a) and (e) of Article 5 (1) of this Regulation, make the information mentioned by Annexes I to VIII of Commission Delegated Regulation (EU) No 2015/3 available to the website referred to in Article 5 (2).
Amendment 481 #
2015/0226(COD)
Proposal for a regulation
Article 30 – paragraph 1
Article 30 – paragraph 1
By [four... [three years after entry into force of this Regulation] the Commission shall present a report to the European Parliament and the Council on the functioning of this Regulation, accompanied, where appropriate, by a legislative proposal. The report shall take into consideration international developments in the area of securitisation, notably initiatives on simple, transparent and comparable securitisations, and assess whether an equivalence regime in the area of STS securitisations could be introduced for third country originators, sponsors and SSPEs.
Amendment 79 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 242 – paragraph 1 - point 20 (new)
Article 242 – paragraph 1 - point 20 (new)
(20) "Balance sheet securitisation" means balance sheet securitisation as defined in point 18a of Article 2 of Regulation (EU) .../... [Securitisation Regulation]
Amendment 86 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 paragraph 1 point aa (new)
Article 243 paragraph 1 point aa (new)
(aa) By derogation from point a, where the institution has been granted permission to use the Internal Assessment Approach in accordance with Article 265, the risk- weight that institution would assign to a liquidity facility that completely covers the ABCP issued under the programme is equal to or smaller than 100 %;
Amendment 90 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1 – point b – subparagraph 1
Article 243 – paragraph 1 – point b – subparagraph 1
(b) the aggregate exposure value of all exposures to a single obligor at ABCP programme level does not exceed 1% of the aggregate exposure value of all exposures within the ABCP programme at the time the exposures were added to the ABCP programme. For the purposes of this calculation, loans or leases to a group of connected clients as referred to in Article 4(1) point (39), to the best knowledge of the sponsor, shall be considered as exposures to a single obligor.
Amendment 91 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1 – point b – subparagraph 2
Article 243 – paragraph 1 – point b – subparagraph 2
In the case of trade receivables, point (b)the first subparagraph shall not apply where the credit risk of those trade receivables is fully covered by eligible credit protection in accordance with Chapter 4, provided that in that case the protection provider is an institution, an insurance undertaking or a reinsurance undertaking. For the purposes of this subparagraph, only the portion of the trade receivables remaining after taking into account the effect of any purchase price discount and overcollateralisation shall be used to determine whether they are fully covered and whether the concentration limit is met.
Amendment 92 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 1 – point b – subparagraph 2 a (new)
Article 243 – paragraph 1 – point b – subparagraph 2 a (new)
The same shall apply to securitised residual leasing values that are not exposed to refinancing or resell risk due to an effective undertaking by a third party to repurchase or refinance the exposure at a certain amount.
Amendment 96 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 2 – point b
Article 243 – paragraph 2 – point b
(b) at the time of inclusion in the securitisation, the aggregate exposure value of all exposures to a single obligor in the pool does not exceed 12 % of the exposure values of the aggregate outstanding exposure values of the pool of underlying exposures. For the purposes of this calculation, loans or leases to a group of connected clients, as referred to in point (39) of Article 4(1), shall be considered as exposures to a single obligor;
Amendment 97 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 243 – paragraph 2 – point c
Article 243 – paragraph 2 – point c
Amendment 106 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 244 – paragraph 2 – subparagraph 3 – introductory part
Article 244 – paragraph 2 – subparagraph 3 – introductory part
For the purposes of this paragraph 2, a position in amezzanine securitisation shall be considered a mezzanine securitisation position where it meetsposition means any position in the securitisation which meets all of the following requirements:
Amendment 107 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 244 – paragraph 2 – subparagraph 3 – point a
Article 244 – paragraph 2 – subparagraph 3 – point a
(a) it is subject to a risk weight lower than 1,250 % in accordance with this Section or, in the absence of a position with that risk weight, it is more senior than the first loss tranchesubsection 3 of section 3; and
Amendment 109 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 244 – paragraph 2 – subparagraph 3 – point b
Article 244 – paragraph 2 – subparagraph 3 – point b
(b) it is subordinated tomore junior than the senior securitisation position.
Amendment 138 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 254 – paragraph 3
Article 254 – paragraph 3
(3) By derogation from paragraph 2, point (b), institutions may use the SEC-SA instead of the SEC-ERBA in relation to all the posfor securitisation positions that fulfil all of the following conditions: (a) they hold in a securitisation whereare STS securitisation positions; (b) the securitisation position is neither the first loss tranche nor a mezzanine securitisation position as defined in Article 244(2), provided that, for those purposes, the requirement for a risk weight of 25 % or lower shall be calculated in accordance with the SEC- SA; (c) the risk-weighted exposure amounts resulting from the application of the SEC- ERBA in relation to that position is not commensurate to the credit risk embedded in the exposures underlying the securitisation. For the purpose of this point, "not commensurate" shall mean that the application of the SEC-ERBA leads to risk-weighted exposure amounts in excess of 25 % relative to SEC-SA. Where the institution has decided to apply the SEC-SA in accordance with this paragraph, it shall promptly notify the competent authority. Where an institution has applied the SEC- SA in accordance with this paragraph without undue delay. Upon receipt of the notification, the competent authority maycan require the institution to apply a different methodthe SEC-ERBA, in which case it shall notify its decision to the institution within three months of receipt of the notification.
Amendment 149 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 257 – paragraph 2
Article 257 – paragraph 2
Amendment 151 #
2015/0225(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Regulation (EU) No 575/2013
Article 257 – paragraph 4
Article 257 – paragraph 4
(4) Where an institution may become exposed to potential losses from the underlying exposures by virtue of contract, the institution shall determine the maturity of the securitisation position by taking into account the longestweighted–average maturity of such underlying exposures. FoThe same shall apply for securitisations of revolving exposures with an early amortisation trigger according to Article 12(6) of Regulation (EU) .../... (STS Regulation). For other revolving exposures, the longest contractually possible remaining maturity of the exposure that might be added during the revolving period shall apply.
Amendment 331 #
2015/0149(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 11
Article 2 – paragraph 1 – point 11
(11) ‘Energy-related product’ means any good or system or service with an impact on energy consumption during use, which is placed on the market and put into service in the Union, including parts to be incorporated into energy-related products covered by this Regulation which are placed on the market and put into service; as individual parts for end-users and of which the environmental performance can be assessed independently;
Amendment 421 #
2015/0149(COD)
Proposal for a regulation
Article 3 – paragraph 2 – point b – point ii
Article 3 – paragraph 2 – point b – point ii
Amendment 427 #
2015/0149(COD)
Proposal for a regulation
Article 3 – paragraph 2 – point b – point iii
Article 3 – paragraph 2 – point b – point iii
Amendment 77 #
2015/0009(COD)
Proposal for a regulation
Title 1
Title 1
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the European Fund for Strategic Investments and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013
Amendment 160 #
2015/0009(COD)
Proposal for a regulation
Recital 9
Recital 9
(9) The investment environment within the Union should be improved by removing barriers to investment, reinforcing the Single Market and by enhancing regulatory predictability, in particular by completing the opening of the digital, transport, energy and telecoms markets . The work of the EFSI, and investments across Europe generally, should benefit from this accompanying work.
Amendment 290 #
2015/0009(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensure additionality over existing operations. The EFSI should aim at financeing projects across the Union, including in the countries most affected by the financial criswhole of the Union by taking into account the criteria of additionality and high-risk-profile in its investment policies i.e. by ensuring that selected projects are projects which could not have found a financing on the market otherwise. The EFSI should only be used where financing is not available from other sources on reasonable terms.
Amendment 310 #
2015/0009(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) The EFSI should target investments that are expected to be economically and technically viable, which may entail a high degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing.
Amendment 314 #
2015/0009(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) The EFSI should target investments that are expected to be economically and technically viable, which may entail a degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing. When a national court of audit or an independent council or any anti-corruption body of a Member State has expressed some concerns on a project, a type of investment or on a body having the responsibility of investing public money and these concerns are communicated to the EFSI, it should take into account the opinions expressed.
Amendment 453 #
2015/0009(COD)
Proposal for a regulation
Recital 27
Recital 27
(27) In order to cover the risks related to the EU guarantee to the EIB, a guarantee fund should be established. The guarantee fund should be constituted by a gradual paymentcontribution from the Union budget. The guarantee fund should subsequently also receive revenues and repayments from projects that benefit from EFSI support and amounts recovered from defaulting debtors where the guarantee fund has already honoured the guarantee to the EIB.
Amendment 479 #
2015/0009(COD)
Proposal for a regulation
Recital 29
Recital 29
(29) To partially finance the contribution from the Union budget, the available envelopes of the Horizon 2020 – the Framework Programme for Research and Innovation 2014-2020, provided by Regulation (EU) No 1291/2013 will be progressively authorised by a decision of the European Parliament and of the Council2 , and the Connecting Europe Facility, provided by Regulation (EU) No in the framework of the annual budgetary procedures up to 2020, using in priority all provisions under Council regulation (EU, Euratom) n°13161/2013 of the European Parliament and of the Council3 , should be reduced. Those programmes serve purposes that are not replicated by the EFSI. However, the reduction of both programmes to finance the guarantee fund is expected to ensure a grealaying down the multiannual financial framework for the years 2014- 2020, in particular its articles 5, 11, 13 and 14, as well as any budgetary surplus entered investment in certain areas of their respective mandates than is possible through the existing programmes. The EFSI should be able to leverage the EU guarantee to multiply the financial effect within thto the general budget of the European Union, and avoiding to affect programmes that already serve an investment purpose, areas of research, development and innov operational and transport, telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned Horizon 2020 and Connecting Europe Facility programmes. It is, therefore, appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of EFSI. __________________ 3Regulation (EU) No 1316/2013 of the European Parliament and of the Coucontain a possibility to use innovative financial instruments. Therefore, envelops of programmes under the sub-heading 1A of the multiannual financial of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p. 129)framework could be reduced only if proved necessary and as a last resort solution.
Amendment 523 #
2015/0009(COD)
Proposal for a regulation
Recital 35
Recital 35
(35) In order to ensure an appropriate coverage of the EU guarantee obligations and to ensure the continued availability of the EU guarantee, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission with respect to the adjustment of the amounts to be paid in from the general budget of the Union and to amend Annex I accordingly. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and to the Council.
Amendment 808 #
2015/0009(COD)
Proposal for a regulation
Article 3 – paragraph 3 – subparagraph 3 a (new)
Article 3 – paragraph 3 – subparagraph 3 a (new)
When a national court of audit or an independent council or any anti- corruption body of a Member State has expressed some concerns on a project, a type of investment or on a body having the responsibility of investing public money and these concerns are communicated to the EFSI, the Steering Board should take into account the opinions expressed and shall take a decision by a majority of three quarters of the votes.
Amendment 942 #
2015/0009(COD)
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
(a) development of infrastructure, including in the areas of transport, particularly in industrial centres; energy, in particular energy interconnections; and digital and telecoms infrastructure;
Amendment 1126 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 2 – point a
Article 8 – paragraph 2 – point a
(a) paymentcontributions from the general budget of the Union,
Amendment 1134 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 2 – point d
Article 8 – paragraph 2 – point d
(d) any other paymentcontributions received by the Union in accordance with the EFSI Agreement.
Amendment 1138 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 3
Article 8 – paragraph 3
3. Endowments to the guarantee fund provided for in points (b), (c) and (d) of paragraph 2 shall constitute internal assigned revenues in accordance with Article 21(4) of Regulation (EU) No 966/2012.
Amendment 1148 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 5 – subparagraph 2
Article 8 – paragraph 5 – subparagraph 2
The target amount shall initially be met by the gradual paymentmobilisation of resources referred to in paragraph 2(a). If there have been calls on the guarantee during the initial constitution of the guarantee fund, endowments to the guarantee fund provided for in points (b), (c) and (d) of paragraph 2 shall also contribute to meet the target amount up to an amount equal to the calls on the guarantee.
Amendment 1155 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 5 a (new)
Article 8 – paragraph 5 a (new)
5a. Without prejudice to Article 8(5), the initial target amount shall be met by gradual budgetary contributions to the guarantee fund, to be decided by the budgetary authority in the frame of the annual budgetary procedures up to 2020, making use in priority of all means available under Council regulation 1311/2013 of 2 December 2013 laying down the multiannual Financial Framework 2014-2020, in particular article 5, 11, 13, 14, as well as any budgetary surplus entered in the general budget of the European Union. If needed, as a last resort solution and in full respect of point 17 and 18 of the Interinstitutional Agreement of 2 December 2013, on cooperation in budgetary matters and on sound financial management, funds from multiannual programmes under heading 1A may be redeployed to the guarantee fund if these programmes prove to be under- implemented.
Amendment 1157 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 5 b (new)
Article 8 – paragraph 5 b (new)
5b. The financing of the EU contribution to the guarantee fund shall be reviewed in the frame of the post-electoral review and revision of the multiannual financial framework due to be launched by the end of 2016 at the latest as foreseen in article 2 of Council regulation 1311/2013, of 2 December 2013, laying down the MFF 2014-2020.
Amendment 1168 #
2015/0009(COD)
Proposal for a regulation
Article 8 – paragraph 7 – point a
Article 8 – paragraph 7 – point a
(a) any surplus shall be paid in one transaction to a special heading in the statement of revenue in the general budget of the European Union of the year n+1, and shall be reallocated to programmes which envelopes might have been reduced to finance the guarantee fund, as referred to in paragraph 5a (new), in order to compensate these losses;
Amendment 1277 #
2015/0009(COD)
Proposal for a regulation
Article 10 – paragraph 6
Article 10 – paragraph 6
6. The Commission shall, by 30 June of each year, send to the European Parliament, the Council and the Court of Auditors an annual report ondetailing the situation of the guarantee fund and the management thereof in the previous calendar year, and the compliance with articles 5, 7 and 8 of this regulation.
Amendment 1296 #
2015/0009(COD)
Proposal for a regulation
Article 11 – paragraph 2 a (new)
Article 11 – paragraph 2 a (new)
2a. Upon request of the competent committees of the European Parliament, and without disclosing information on ongoing investigations, OLAF may provide information on the application of this Regulation.
Amendment 1298 #
2015/0009(COD)
Proposal for a regulation
Article 11 – paragraph 2 b (new)
Article 11 – paragraph 2 b (new)
2b. Minutes of the meetings of the Steering Board shall be made available to the European Parliament including for each project the results of the votes in case the Steering Board did not take a decision by consensus.
Amendment 1299 #
2015/0009(COD)
Proposal for a regulation
Article 11 – paragraph 3
Article 11 – paragraph 3
3. At the request of the European Parliament, the Commission and/or the EIB shall report to the European Parliament on the application of this Regulation.
Amendment 1362 #
2015/0009(COD)
Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 1
Article 15 – paragraph 2 – subparagraph 1
OLAF may carry out investigations, including on-the-spot checks and inspections, in accordance with the provisions and procedures laid down in Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council(5 ), Council Regulation (Euratom, EC) No 2185/96(6 ) and Council Regulation (EC, Euratom) No 2988/95 (7 ) in order to protect the financial interests of the Union, with a view to establishing whether there has been fraud, corruption, money laundering or any other illegal activity affecting the financial interests of the Union in connection with any operations supported by the EU guarantee. OLAF may transmit to the competent authorities of the Member States concerned information obtained in the course of investigations. The competent authorities shall follow up on the information transmitted, unless not compatible with the national legal framework. __________________ 5 Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999 (OJ L 248, 18.9.2013, p. 1). 6 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities' financial interests against fraud and other irregularities (OJ L 292, 15.11.1996, p. 2). 7 Council Regulation (EC, Euratom) No 2988/95 of 18 December 1995 on the protection of the European Communities financial interests (OJ L 312, 23.12.1995, p. 1).
Amendment 1397 #
2015/0009(COD)
Proposal for a regulation
Article 18
Article 18
Regulation (EU) N°1291/2013
Article 6 – paragraphs 1, 2 and 3
Article 6 – paragraphs 1, 2 and 3
Amendment 1440 #
2015/0009(COD)
Proposal for a regulation
Article 19
Article 19
Regulation (EU) N°1316/2013
Article 5, paragraph 1
Article 5, paragraph 1
Amendment to Regulation (EU) No In Article 5 of Regulation (EU) No 1316/2013, paragraph 1 is replaced by the following: ‘ 1. The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 29 942 259 000 (*) in current prices. That amount shall be distributed as follows: (a) transport sector: EUR 23 550 582 000, of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund; (b) telecommunications sector: EUR 1 041 602 000; (c) energy sector: EUR 5 350 075 000. These amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013(*). (*) Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884). ’rticle 19 deleted 1316/2013
Amendment 1472 #
Amendment 1 #
2014/2240(INI)
Motion for a resolution
Citation 1 a (new)
Citation 1 a (new)
- having regard to Directive 2014/89/EU of 23 July 2014 establishing a framework for maritime spatial planning,
Amendment 23 #
2014/2240(INI)
Motion for a resolution
Recital C
Recital C
C. whereas there is a great deal of ignorance about the seas and oceans, their resources and biodiversity, and the ways in which these interact with human activities – whether taking place or still to be developed – and whereas inadequate knowledge on those points severely inhibits sustainable use of the resources concerned and poses an obstacle to innovation;
Amendment 33 #
2014/2240(INI)
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas investments in marine and maritime research and innovation will strengthen the position of the EU as a global leader in the field of maritime policy;
Amendment 63 #
2014/2240(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls for the development of a unified European maritime industrial strategy which should bring together EU initiatives on all maritime-related sectors;
Amendment 73 #
2014/2240(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Calls on the Commission to launch a comprehensive study on the importance and weight of the blue economy for the European Union;
Amendment 84 #
2014/2240(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls for clear-cut objectives and time- frames to be laid down with a view to making data – whether relating to the sea- floor or to the water column and living resources – more accessible and, more fully interoperable and harmonised for information about seas and oceans to be supplied to the public;
Amendment 94 #
2014/2240(INI)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls for an EU initiative to encourage private companies of the maritime sector to share economically insensitive data for research purposes;
Amendment 106 #
2014/2240(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Points out that the Member States and regional authorities have a key role to play in developing the blue economy and urges the Commission to support and encourage all forms of cooperation between Member States and regional authorities, for example joint programming initiatives;
Amendment 119 #
2014/2240(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers the shortage of qualified professionals in various fields of study and activity – including, though not confined to, researchers, engineers, and technicians, to be a huge hurdle that could prevent the blue economy from fully realising its potential; maintains that this shortcoming is closely bound up with the growing disengagement and disinvestment by Member States in the spheres of science and education and with the decline in ththerefore urges Member States and regional authorities to invest in an ambitious social dimension of blue pgrofessional status and social standwth and maritime literacy ing of several of the professions concerned, and therefore calls for thesrder to promote training and access for young people two trends to be reversed without delaymaritime professions;
Amendment 136 #
2014/2240(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Calls for an appropriate financial framework to be established in order to stimulate the development of the blue economy and job creation, combining and, coordinating and facilitating the access to the financial instruments available – structural and investment funding (EMFF, ERDF, ESF, Cohesion Fund), the research framework programme, and so forth; points out that the instruments should be better geared to the needs of individual stakeholders – public institutions, businesses, especially SMEs, non- governmental organisations, etc. – and the opportunities being offered widely publicised;
Amendment 149 #
2014/2240(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Stresses the importance of maritime spatial planning for the sustainable and coordinated development of maritime activities;
Amendment 153 #
2014/2240(INI)
Motion for a resolution
Paragraph 13 c (new)
Paragraph 13 c (new)
13c. Stresses in this context the importance of land-sea interactions and Integrated Coastal Zone Management;
Amendment 163 #
2014/2240(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Considers that environmentally healthy coastal and maritime areas are key for sustainable human activities; calls therefore for the full implementation of the Marine Strategy Framework directive;
Amendment 165 #
2014/2240(INI)
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14b. Considers that the governance of Integrated Maritime Policy should be strengthened at EU and sea-basin levels;
Amendment 223 #
2014/2240(INI)
Motion for a resolution
Paragraph 22 b (new)
Paragraph 22 b (new)
22b. Believes that a maritime safety "Erika IV" package should be launched to prevent further major maritime disasters; considers that this package should recognise the ecological damage to marine waters in the European legislation;
Amendment 31 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph c
Paragraph 1 – subparagraph c
c. take immediate action to include restrictions on state aid in the agreement; propose greater transparency within state aid rules and within the allocation of state aid; acknowledge the particular statute of Defense but believes that Defense spendings must not be misused, leading to abuse and unfair funding through this channel or expenditure which is in fact state aid;
Amendment 45 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph d
Paragraph 1 – subparagraph d
d. take immediate action to ensure that market access negotiations on financial services are combined with upward convergence in financial regulation; support high international standards in on- going cooperation efforts in other international fora; provided that they respect transparency and fairness; ensure that cooperation efforts do not limit each partner's ability to adopt regulatory and supervisory decisions appropriate to their respective economic and financial systems, including their ability to ban financial products and activities, as long as it does not favour regulatory arbitrage nor does it unfairly restrict competition;
Amendment 74 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph g
Paragraph 1 – subparagraph g
g. take immediate action to ensure reciprocal market access for European companies to public contracts and public procurement in the United States; underlines that anthe current imbalance of market access to public contracts and public procurement in the United States compared to in the European Union constitutes unfair competition;
Amendment 104 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph i
Paragraph 1 – subparagraph i
i. propose the introduction of a national court systems-first principledetailed and transparent system for the settlement of investment disputes, to be supplemented with mediation and intergovernma 'prudential dispcarve- oute' mechanisms in legal disputes in order to ensure the regulators' right to impose measures in view of ensuring stability. Generally, there should be easier access and lower litigation costs than those offered by current ISDS-mechanisms, benefitting especially SMEs (having fewer resources available than large corporations), thus creating more equal competition conditions; stress that any and all dispute mechanisms set in place within the TTIP-framework must uphold full transparency and be subject to democratic principles and scrutiny;
Amendment 112 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph i a (new)
Paragraph 1 – subparagraph i a (new)
ia. include the FACTA (Foreign Account Tax Compliance Act) into the TTIP making it reciprocal, less costly and less administrative;
Amendment 121 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph j
Paragraph 1 – subparagraph j
j. acknowledge the importance of state- owned enterprises for certain crucial servicesarticle 345 of the TFEU stating that "the treaties shall in no way prejudice the rules in Member States governing the system of property ownership";
Amendment 130 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph k
Paragraph 1 – subparagraph k
Amendment 144 #
2014/2228(INI)
Draft opinion
Paragraph 1 – subparagraph l
Paragraph 1 – subparagraph l
Amendment 86 #
2014/2221(INI)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Points out that the effectiveness of additional investment is dependent on the competitiveness and efficiency of a country's economy and on investors' confidence in the sustainability of a country's public finances, and therefore believes that a country should only be eligible to receive funds under the European Fund for Strategic Investment if the Commission in its assessment of Member States' Draft Budgetary Plans deems that: i. the country is in compliance with the Stability and Growth Pact or the Excessive Deficit Procedure recommendations; and ii. the country has made sufficient progress in the implementation of its Country-Specific Recommendations.
Amendment 140 #
2014/2221(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Points out that EU financial assistance to certain Member States, provided on terms combining solidarity with conditionality, has proved to be most successful when there was a strong ownership and commitment to reform; reminds the Commission and the Member States that they need to explore ways of bringing the financial assistance under the EU framework; calls therefore for the creation of a European Monetary Fund (EMF) on the basis of Union law, which would be subject to the Community method;
Amendment 163 #
2014/2221(INI)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Calls on the Commission, as guardian of the Treaty, to make full use of all measures provided for in EU law to support the enforcement of the implementation of the European Semester;
Amendment 164 #
2014/2221(INI)
Motion for a resolution
Paragraph 15 b (new)
Paragraph 15 b (new)
15b. Is concerned about protectionist tendencies in certain Member States; points out that the Treaty does not provide for the restriction of the free movement of people, services or capital, and recalls that the Commission must safeguard and enforce these freedoms;
Amendment 202 #
2014/2221(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Agrees with the Commission that most Member States need to continue to pursue growth-friendly fiscal consolidation; invites Member States with sufficient fiscal space to consider reducing taxes and social security contributions with a view to stimulating private investment; stresses the fact that special emphasis should be placed on growth-enhancing reforms and policies;
Amendment 226 #
2014/2221(INI)
Motion for a resolution
Subheading 4
Subheading 4
Strengthened coordination of national policiesand international policies, and improved democratic accountability
Amendment 239 #
2014/2221(INI)
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23a. Calls on the Commission to put forward a proposal on the single external representation of the euro area based on Article 138 TFEU;
Amendment 241 #
2014/2221(INI)
Motion for a resolution
Paragraph 23 b (new)
Paragraph 23 b (new)
23b. Reiterates its view that the current economic governance framework is lacking sufficient democratic accountability in the application of its rules and of the institutions and bodies involved; calls on the Commission to make the necessary proposals to address the lack of proper democratic accountability in EU economic governance;
Amendment 2 #
2014/2145(INI)
Motion for a resolution
Citation 3
Citation 3
Amendment 8 #
2014/2145(INI)
Motion for a resolution
Citation 14 a (new)
Citation 14 a (new)
- having regard to the conclusions of the European Council meeting on 23rd October 2011,
Amendment 13 #
2014/2145(INI)
Motion for a resolution
Citation 17
Citation 17
Amendment 21 #
2014/2145(INI)
Motion for a resolution
Citation 19
Citation 19
Amendment 23 #
2014/2145(INI)
Motion for a resolution
Citation 20
Citation 20
Amendment 25 #
2014/2145(INI)
Motion for a resolution
Citation 21
Citation 21
Amendment 26 #
2014/2145(INI)
Motion for a resolution
Citation 22
Citation 22
Amendment 29 #
2014/2145(INI)
Motion for a resolution
Citation 23
Citation 23
Amendment 32 #
2014/2145(INI)
Motion for a resolution
Citation 24
Citation 24
Amendment 34 #
2014/2145(INI)
Motion for a resolution
Citation 25
Citation 25
Amendment 36 #
2014/2145(INI)
Motion for a resolution
Citation 26
Citation 26
Amendment 37 #
2014/2145(INI)
Motion for a resolution
Citation 26 a (new)
Citation 26 a (new)
- having regard to the ECB's Governing Council proposals of 10th June 2010 entitled 'Reinforcing Economic Governance in the Euro Area',
Amendment 60 #
2014/2145(INI)
Motion for a resolution
Recital A
Recital A
A. whereas, according to the Commission’s autumn forecast, after two consecutive years of unanticipated negative growth, gross domestic product (GDP) in the euro area is expected to rise by 0.8 % in 2014 and by 1.1 % in 2015, meaning that the pre-crisis growth rate will not be regained this yeareconomic recovery is gaining ground;
Amendment 84 #
2014/2145(INI)
Motion for a resolution
Recital B
Recital B
B. whereas huge differences will continue to prevail between the Member States, also following the Troika’s intervention, with forecasted GDP growth rates in 2014 ranging between -2.8 % in Cyprus and +4.6 % in Ireland reflecting increasingly undermining growing internal divergencthe will and ambition of different Member States to reform to regain competitivenes s;
Amendment 109 #
2014/2145(INI)
Motion for a resolution
Recital C
Recital C
C. whereas, according to the Commission’s autumn forecast, investment in the euro area decreased by 3.4 % in 2012, by 2.4 % in 2013 and by 17 % since the pre-crisis period, with the expected rebound rate in 2014 (0.6 %) and that anticipated for 2015 (1.7 %) being very weak; whereas both a lack of investment can be just as detrimental to future generations as excessive public debtd excessive public debt are a burden for future generations;
Amendment 124 #
2014/2145(INI)
Motion for a resolution
Recital D
Recital D
D. whereas a European investment plan is being put in place to raise EUR 315 billion in new investments over the next three years whose success also depends on the implementation of structural reforms to create an investor-friendly environment in Member States;
Amendment 144 #
2014/2145(INI)
Motion for a resolution
Paragraph -1 (new)
Paragraph -1 (new)
-1. Underlines, however, that since the new rules have been introduced, progress has been made in addressing fiscal consolidation, with the EU-28 average fiscal deficit falling from 4.5% of GDP in 2011 to a forecast of around 3% of GDP in 2014;
Amendment 145 #
2014/2145(INI)
Motion for a resolution
Paragraph -1 a (new)
Paragraph -1 a (new)
-1a. Welcomes the Commission communication (COM(2014) 905) on the application of the Six- and Two-Pack; agrees with the Commission that the ability to draw conclusions on the effectiveness of the regulations is limited by the short experience of their operation, which in addition has been characterised by a severe economic crisis and hence leaves the rules untested in normal economic times;
Amendment 146 #
2014/2145(INI)
Motion for a resolution
Paragraph -1 b (new)
Paragraph -1 b (new)
-1b. Stresses that at the core of the economic governance system is the prevention of excessive deficit and debt levels as well as excessive macroeconomic imbalances; underlines therefore that an assessment of the application of the six- pack and two-pack at this stage remains partial as the efficiency of the system to a large extent relies on the proper working of the preventive part of it, which is precisely what remains to be proven in better economic times;
Amendment 147 #
2014/2145(INI)
Motion for a resolution
Paragraph -1 c (new)
Paragraph -1 c (new)
-1c. Welcomes the measures taken by the EU to respond to the weaknesses in its economic governance system revealed by the economic and financial crisis, namely the six-pack and two-pack; believes these represent a necessary first step to strengthen budgetary surveillance and economic policy coordination;
Amendment 171 #
2014/2145(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Believes that the current economic situation calls for urgent, comprehensive and decisive measures to face the threat of deflation or very low inflation, lowa continuation of growth-friendly fiscal consolidation and structural reforms to modernise EU economies, restore competitiveness, foster innovation, increase growth and high unemployment prospects as well as reducing inequalities and fighting poverty;
Amendment 190 #
2014/2145(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Highlights the fact that the current economic governance framework does not allow for a proper debate on the economic perspneeds to be improved to deliver on the objectives of the euro area or on an aggregate fiscal stance and does not address the different economic and fiscal situations on an equal footingfiscal stability, economic convergence and proper democratic accountability;
Amendment 221 #
2014/2145(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 253 #
2014/2145(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses that the current situation calls for closer and inclusive economic coordination (to increase aggregate demand, improve fiscal sustainability and allow for fair and sustainable structural reforms and related investments) and for swift reactions so as to correct the most obvious fault lines in the economic governance framework: the fact that the Member States of the Euro area do not currently sufficiently consider the Euro area as a whole, and this lack of/or misguided implementation of the rules;
Amendment 258 #
2014/2145(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Believes that ensuring the credibility of the framework is key to enhancing its democratic legitimacy; stresses that credibility can only be assured by a consistent and fair implementation of the framework across countries and over time;
Amendment 275 #
2014/2145(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Warns that the accumulation of procedures that is due to the nature of its creation makes the economic governance framework complex and not transparent enough, which is detrimental to the ownership and acceptance by parliaments, social partners and citizens of guidelines, recommendations and reforms stemming from this framework by parliaments, social partners and citizens in Member States;
Amendment 306 #
2014/2145(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 317 #
2014/2145(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Believes that sufficient flexibility is built in the existing provisions of the Stability and Growth Pact (SGP); stresses that the application of flexibility should solely be based on numerical criteria and quantifiable targets leaving no room for political bargaining;
Amendment 318 #
2014/2145(INI)
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7b. Acknowledges that progress has been made to strengthen the preventive arm of the SGP: stresses that any new flexibility in granting deviations from the Medium Term Objectives should not endanger this preventive nature of the Pact over the economic cycle and that any deviation should include a real safety margin for all Member States to reach their MTO in the given timeframe;
Amendment 319 #
2014/2145(INI)
Motion for a resolution
Paragraph 7 c (new)
Paragraph 7 c (new)
7c. Requests the Commission and the Council to include an explicit reference to the required fiscal effort for the current and the upcoming year in the relevant recommendations under the preventive and corrective arm of the SGP; Requests furthermore that all underlying analysis regarding the implementation of the SGP should be published;
Amendment 331 #
2014/2145(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. WelcomNotes the fact that in its interpretative communication on flexibility, the Commission acknowledgstates that the way in which the current fiscal rules are interpreted is crucial in bridging the investment gap in the EU and implementing growth- enhancing structural reforms;
Amendment 348 #
2014/2145(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Supports all the incentives to finance the new European Fund for Strategic Investments (EFSI), mainly by making national contributions to the fund fiscally neutral as regards the SGP; calls for further clarification regarding the concrete treatment of these contributions in accordance with the new paradigm set out in the communication;
Amendment 370 #
2014/2145(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. BelievNotes that the communication rightly broadens the scope of the investment clause, allowing for flexibility in the preventive arm of the SGP to accommodate investment programmes by the Member States, in particular as regards expenditure on projects under structural and cohesion policy, including the Youth Employment Initiative, trans- European networks and the Connecting Europe Facility, and co-financing under the EFSI; believes that this approach must be urgently reassessed to be symmetrically applied to the correcmore flexibility in the preventive arm of the SGP;
Amendment 386 #
2014/2145(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. BelievStresses that the structural reform clause under the preventive arm and the means of consideringprecondition for the application of the structural reform pclansuse under the correcpreventive arm constitute a step forward as regards ensuring the more efficient implementais the formal parliamentary adoption of a reforms by Member States; calls for further clarification as to the types of structural reforms eligible under this new scheme; believes that a direct link to the cost, timeframe impact and value of structural reforms should also be explicit in the corrective arm of the SGPcompatibility of the reinterpretation of the rules with the Treaty and secondary law;
Amendment 404 #
2014/2145(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Believes that structural reforms should have a positive socioeconomic return and contribute to increased administrative capacitefficiency;
Amendment 413 #
2014/2145(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. DeplorNotes, however, the fact that the communication does not touch upon the nature of ‘unusual events’ falling outside the control of a Member State which could allow it to temporarily depart from the adjustment path towards achieving its MTOand have a major impact on the financial position of a government; notes that the Commissioner-designate in his written answers to Parliament stated that the financial crisis of 2007-08 is an example for such an event;
Amendment 429 #
2014/2145(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Believes that more room for flexibility and soft laws exists under the SGP and the rules as laid out in the SGP clearly defin e the European Semester; invites the Commission to build on this flexibility and to propose rule changes where neededremits of flexibility and calls on the Commission to ensure their strict implementation;
Amendment 457 #
2014/2145(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Invites the Commission and the Council to better articulate the fiscal and macroeconomic frameworks, notably in the corrective arm of the SGP, to allow for earlier debate among stakeholders, taking into account the need to increase convergence between euro area Member States and the role of national parliaments and social partners regarding the design and implementationownership of structural reforms;
Amendment 472 #
2014/2145(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Insists that the Annual Growth Survey (AGS) and euro area recommendation must be better designed and put to better use to allow for a global economic debate, notably as regards convergence intake into account the interest of the euro area as a whole; proposes that the country- specific recommendations (CSRs) should be established on the basis of striking a better balance between the AGS and the macroeconomic imbalance procedure (MIP), and suggests that the euro area recommendation should be made compulsory following a proper debate with the European Parliament, with incentives being offered so as to encourage the implementation thereof; requests that the excessive deficit procedure (EDP) recommendation be joined together with the CSRs;
Amendment 484 #
2014/2145(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 507 #
2014/2145(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Asks the Commission to make the three-pillar strategy (investment, fiscal rulesconsolidation and structural reforms), presented in the AGS 2015, more concrete under the euro area recommendation and in the CSRs and to strengthen its approach by building a fourth pillar on taxationcompetitiveness;
Amendment 527 #
2014/2145(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Believes that national fiscal councils could play a useful role at EU level; requests the set-up of a European network allowing for an independent analysis of the economic perspective to be established as a basis for a proper political discussion among stakeholders; recalls that independent bodies due to assess the effective and timely monitoring of compliance with the rules where created by the Council directive 2011/85/EU of 8 November 2011 on requirements for budgetary frameworks of the Member States; is of the opinion that an independent analysis is also needed at the EU level; reminds that the Commission's independent Chief Economic Analyst (Decision of the President of the European Commission of 28 October 2011) was designed in response to the calls for an independent surveillance of the Commission's increased discretionary powers enshrined in the 6-pack and the 2-pack; believes that the national independent bodies should work as a network, under the leadership of the Chief Economic Analyst, to monitor the fair and transparent implementation of the EU rules' framework; calls on this monitoring to be made public;
Amendment 533 #
2014/2145(INI)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19a. Suggests that such a fiscal council led by the Chief Economic Analyst could provide objective, independent and transparent analyses to both the Commission and the Council as well as the Parliament;
Amendment 543 #
2014/2145(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Believes that the MIP must be used in a more balanced manner between deficit and surplus countries, also to address countries with significant room for actionefficient manner, particularly with regard to strengthening competitiveness;
Amendment 557 #
2014/2145(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 564 #
2014/2145(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 578 #
2014/2145(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Insists on the need to clarifyBelieves that the way in which effective actions are taken into account under the EDP should be based on clear, numerical and quantifiable criteria;
Amendment 580 #
2014/2145(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 593 #
2014/2145(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 604 #
2014/2145(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Believes that the credibility of the economic governance framework rests on the fair and transparent application of the rules; calls on the Commission to publish the reports of its independent Chief Economic Analyst verifying the consistent implementation of the rules; invites the Commission's Chief Economic Analyst to present to the European Parliament his/her assessment regarding the consistent implementation of the rules;
Amendment 616 #
2014/2145(INI)
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Takes the view that a more decentralised fiscal governance framework does not impair the proper functioning of EMU if Member States take full ownership of its rules and compliance with the fiscal surveillance framework can be fully ensured by EU institutions, while including sovereign default as a possible and credible last resort option;
Amendment 617 #
2014/2145(INI)
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Takes the view that implementation and an effective enforcement of the current economic governance framework is the best way forward for the EMU: stresses the need for political ownership of the common rules and tool both at EU and national level which includes a stronger commitment of national parliaments and governments to implement structural reforms;
Amendment 626 #
2014/2145(INI)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Acknowledges, based on the current situation, that the economic governance framework must be corrected and completed in both the medium and long term to allow for the EU and the euro area to meet the challenges of convergence, long-lasting investment and relicompetitiveness and sound public finances;
Amendment 636 #
2014/2145(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. Calls for the annual sustainable growth guidelines to be made subject to a codecision procedure that should be introducgrowth survey to be made subject to a more formal involvement of Parliament based ion the next Treaty changa consent procedure; instructs its President to represent the annual sustainable growth guidelines as amended by Parliament at the spring European Council based on a resolution adopted in plenary;
Amendment 643 #
2014/2145(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Recalls that legislation implemented during the crisis on the basis of intergovernmental agreements lacks sufficient democratic accountability at EU level;
Amendment 650 #
2014/2145(INI)
Motion for a resolution
Paragraph 30
Paragraph 30
30. Recalls the European Parliament’'s request that the creation of the European Stability Mechanism (ESM) and the Treaty on Stability, Coordination and Governance ('Fiscal Compact') outside of the structure of the institutions of the Union represents a setback to the political integration of the Union and, therefore, demands that the ESM and the Fiscal Compact be fully integrated into the community framework and made formally accountable to Parliament, for the latter on the basis of an assessment of the experience of its implementation, as stipulated in Article 16 of the Treaty on Stability, Coordination and Governance in the EMU;
Amendment 658 #
2014/2145(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Calls for a newUnderlines that the legal framework for future assistance programmes needs to be improved in order to ensure that all decisions are taken under the responsibility of the Commission with full involvement of Parliament; stresses that Parliament should without delay follow up on its resolution of 13 March 2014 on the enquiry on the role and operations of the Troika and prepare a new, separate resolution fully dedicated to this issue drawing and building on the first enquiry;
Amendment 671 #
2014/2145(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
Amendment 689 #
2014/2145(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Requests that a reassessment of the Eurogroup’s decision-making process be conducted so as to provide for apimpropriateved democratic accountability; believes that in the long term the Commissioner for Economic Affairs should assume the role of President of the Eurogroup;
Amendment 699 #
2014/2145(INI)
Motion for a resolution
Paragraph 34
Paragraph 34
34. Recalls that a ‘genuine Economic and Monetary Union’ (EMU) cannot simply be limitneeds to a system of rules but also requires an increased euro area fiscal capacitybe based on a rules based system, which is simple, comprehensible and can be easily enforced, including automatic sanctions in the case of non-compliance;
Amendment 716 #
2014/2145(INI)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Recalls that the banking union was the result of the political will to avoid afuture financial crisies and that the same will is needed as regards a fiscal union in order to avoid a political crisisto strengthen the economic governance framework;
Amendment 726 #
2014/2145(INI)
Motion for a resolution
Paragraph 36
Paragraph 36
36. Asks the Commission to come forward with an ambitious roadmap which takes into account the need for economic governance reforms, as outlined in this report, andfor the establishment of a genuine economic and monetary union, which should be presented to Parliament by the end of May 2015, ahead of the June European Council building on previous work such as the Thyssen report of 20 November 2012 "Towards a genuine Economic and Monetary Union", the communication of the Commission of 28 November 2012 "A blueprint for a deep and genuine economic and monetary union. Launching a European debate" and the final Four Presidents report of 5 December 2012;
Amendment 746 #
Amendment 760 #
2014/2145(INI)
Motion for a resolution
Paragraph 37 – indent 2
Paragraph 37 – indent 2
Amendment 770 #
2014/2145(INI)
Motion for a resolution
Paragraph 37 – indent 2 a (new)
Paragraph 37 – indent 2 a (new)
- merging the deficit and debt procedures, the macroeconomic imbalance procedure and the country specific recommendations into one single instrument which is of legally binding nature with regard to budgetary discipline and economic reform and which would give Member States that are in compliance with its rules access to funds for investment projects or to Community instruments that combine economic reform with fiscal incentives;
Amendment 777 #
2014/2145(INI)
Motion for a resolution
Paragraph 37 – indent 3
Paragraph 37 – indent 3
– the inclusion of the ESM in Union law and a new approach towards a Eurobonds, pean insolvency procedure for sovereigns to safeguard market discipline;
Amendment 792 #
2014/2145(INI)
Motion for a resolution
Paragraph 37 – indent 4
Paragraph 37 – indent 4
Amendment 807 #
2014/2145(INI)
Motion for a resolution
Paragraph 38
Paragraph 38
Amendment 811 #
2014/2145(INI)
Motion for a resolution
Paragraph 38 a (new)
Paragraph 38 a (new)
38 a. Notes that the President of the Commission has indicated his intention to draw on input from the President of the European Parliament in his reflections during the preparation of the 4 Presidents' reports; Underlines that the President of the European Parliament can only represent the institution on the basis and within the remit of a mandate by plenary;
Amendment 817 #
2014/2145(INI)
Motion for a resolution
Paragraph 39
Paragraph 39
39. AsksStresses that if its President were to represent Parliament in this upcoming task, it shall be on the basis of thea mandate given by this resolutionplenary based on a new resolution prepared by its competent committee addressing inter alia the questions in the Four Presidents' Analytical Note on 'Preparing Next Steps on Better Economic Governance in the Euro area';
Amendment 819 #
2014/2145(INI)
Motion for a resolution
Paragraph 39 a (new)
Paragraph 39 a (new)
39 a. believes that some reflexion should be launched to improve the in-house analysis capacity of the European Parliament, building on the experience of the U.S. Congressional Budget Office which provides budgetary and economic information such as baseline budget and economic projections, cost estimates, scorekeeping for legislation;
Amendment 159 #
2014/2075(DEC)
Motion for a resolution
Paragraph 40
Paragraph 40
40. EmphasiseRegrets that in some Member States, there is no legislation concerning conflict of interests ofor members of government owing companies or shares of companies even if those companies receive national or Union funds; insists that under no condition can a former or current beneficiary of Union funds can be in a political and/or managemthe parliament, members of government, and members of local councils is vague and not sufficient; calls on the Commission to carefully examine current posituation in which he or she holds a leading role in a national management and control system; urges the Commission to look for aand if needed present recommendations or even legally binding solution to this problems if necessary;
Amendment 161 #
2014/2075(DEC)
Motion for a resolution
Paragraph 41 a (new)
Paragraph 41 a (new)
41a. Demands the Commission to ensure that Eurostat's and Member States data are in the perfect accord as the indicator of GNI represents the key benchmark not only for EU's revenue but also expenditure;
Amendment 356 #
2014/2075(DEC)
Motion for a resolution
Paragraph 149
Paragraph 149
149. Deplores the fact that for nine transactions relating to the national programme for pre-accession, the Commission at its own initiative and in violation of Article 88 of the Financial Regulation and 100 of its Rules of Application validated expenditure of EUR 150 million in the absence of supporting documentation which would have enabled it to confirm that the expenses had actually been incurred, that they were accurately reflected in the amounts accepted and that they were eligible120 ; Acknowledges that the EC has consistently pointed out that no expenditure has officially been validated and excepted by former DG Enlargement under the clearance of accounts procedure, and therefore no communication to the beneficiary indicating acceptance could be assumed; __________________ 120 See Court of Auditors' Annual Report for 2013, point 7.16.
Amendment 359 #
2014/2075(DEC)
Motion for a resolution
Paragraph 150
Paragraph 150
150. Deplores the fact that the Declaration of assurance of Directorate-General for Enlargement is irregular as it stated on 31 March 2014 that all procedures were in place to ensure the legality and regularity of transactions even though, at that time, 20 % of all expenditure booked by that DG was based on estimates; Notes that the legality and regularity of costs accepted as eligible is ensured through DG Enlargement through a formal clearance of accounts procedure at the end of the life of each programme;.
Amendment 390 #
2014/2075(DEC)
Motion for a resolution
Paragraph 166
Paragraph 166
166. Is surprised by the fact that OLAF has not recommended that the Commission establish a recovery order on the basis of the financial damage caused to the Union budget with regard the humanitarian support granted to the refugee camp of Tindouf whilst it has estimated in its report (OF 2003/0526) that the number of refugees was considerably lower than indicated by the Sahrawi or Algerian authorities; Notes that, according to a UNHRC inquiry report, the non-registration of a refugee population for such a prolonged period (i.e. almost 30 years after their arrival) constitutes "an abnormal and unique situation in the UNHRC's history"; Asks the Commission whether all other recommendations of the report, including the reduction of aid levels, have been implemented.
Amendment 400 #
2014/2075(DEC)
Motion for a resolution
Paragraph 167
Paragraph 167
167. Urges the Commission to adapt Union aid to the actual needs of the population concerned in order to put an end to all kinds of trafficking and to the embezzlement of humanitarian assistance; urges the Commission to ensure that the Algerian or Sahrawi individuals incriminated by the OLAF report (OF 2003/0526) no longer have access to aid funded by European taxpayers;
Amendment 450 #
2014/2075(DEC)
Motion for a resolution
Paragraph 200 a (new)
Paragraph 200 a (new)
200a. In its 2013 report, the Court of Auditors concludes that Member States, when selecting projects under shared management, have focused first on the need to spend available EU money, rather than on their expected performance. In order to reverse this incentive and to change towards a culture of good performance, the European Parliament requests that an independent high-level working group (including academics) on performance of the EU budget will be convened in order to make recommendations to structurally shift the incentive from spending to good performance, based on an assessment of European added value, while respecting compliance with the rules. The findings of this high-level working group should be available in due time before the mid-term review of the current MFF, and form the basis for the new MFF programming period;
Amendment 453 #
2014/2075(DEC)
Motion for a resolution
Paragraph 204 a (new)
Paragraph 204 a (new)
204a. Calls on the European Commission to manage its budget in such a way that there are no thematic policy overlaps and duplications amongst its various DGs with similar or nearly identical competences;
Amendment 456 #
2014/2075(DEC)
Motion for a resolution
Paragraph 204 b (new)
Paragraph 204 b (new)
204b. The concept/ idea of Sustainability Impact Assessment Studies is to be applied for all types of financial support, not only in the Commission expenditure, but those of all EU institutions and organizations. No expenditure that does comply with an impact assessment study/ analysis is to be permitted and allowed;
Amendment 53 #
2014/0185(COD)
Proposal for a decision
Recital 28
Recital 28
(28) Regulation (EU) No 1303/2013 includes a thematic objective of ‘enhancing institutional capacity of public authorities and stakeholders and an efficient public administration’. In this context, the ISA2 Programme should tie in with programmes and initiatives contributing to the modernisation of public administrations like e.g. the DAE, and related networks like e.g. the European Public Administration Network (EUPAN) and, seek synergies with them and contribute to knowledge-building in public administrations.
Amendment 61 #
2014/0185(COD)
Proposal for a decision
Recital 30
Recital 30
(30) National, regional and local administrations can be supported in their endeavours through specific instruments under the European Structural and Investment Funds (ESIF). Close cooperation under the ISA2 Programme should maximise the benefits expected from such instruments by ensuring that funded projects are aligned with the Union- wide interoperability frameworks and specifications such as the EIF.
Amendment 68 #
2014/0185(COD)
Proposal for a decision
Article 1 – paragraph 3
Article 1 – paragraph 3
3. The ISA2 Programme shall develop interoperability solutions autonomously or complement and support other Union initiatives by piloting interoperability solutions as a solution incubator or by ensuring their sustainability as a solution bridge. The Commission shall ensure that no market disturbances or unfair disadvantages for private suppliers of interoperability solutions stem from such solutions.
Amendment 72 #
2014/0185(COD)
Proposal for a decision
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
(1a) "European public administrations" means public administrations at Union, national, regional and local levels;
Amendment 127 #
2014/0185(COD)
Proposal for a decision
Article 11 – paragraph 2
Article 11 – paragraph 2
2. The Commission shall report annually to the ISA2 Committee, the European Parliament, the Council and the Committee of the Regions on the implementation of the Programme.
Amendment 128 #
2014/0020(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) This Regulation will apply only to credit institutions and groups with trading activities that meet thresholds set out in the Regulation. This is in line with the explicit focus on the limited subset of the largest and most complex credit institutions and groups that in spite of other legislative acts remain too-big-to-fail, too-big-to-save and too complex to manage, supervise and resolve. The provisions of this Regulation should accordingly only apply to those Union credit institutions and groups that either are deemed of global systemic importance or exceed certain relative and absolute accounting-based thresholds in terms of trading activity or absolute size. Member States or the competent authorities may decide to impose similar measures also on smaller credit institutions.
Amendment 250 #
2014/0020(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point b – introductory part
Article 3 – paragraph 1 – point b – introductory part
(b) any of the following entities that for a period of three consecutive years has total assets amounting at least to EUR 390 billion and, has trading activitirelated risk exposures amounting at least to EUR 70 billion or 150 per cent of its total eligible liabilities for bail-in requirements as defined in Article 45(4) of Directive 2014/59/EU [BRRD] and eligible deposits within the meaning of Article 2(1)(4) of Directive 2014/49/EU of more than 3 per cent of its total assets:
Amendment 276 #
2014/0020(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 4
Article 5 – paragraph 1 – point 4
4. ‘proprietary trading’ means using own capital or borrowed money to take positions in any type ofimmediate transaction to purchase, sell or otherwise acquire or dispose of any financial instrument or commodities for the sole purpose of making a short term profit for own account, and without any connection to actual or anticipated client activity or for the purpose of hedging the entity’s risk as result of actual or anticipated client activity, through the use of desks, units, divisions or individual traders specifically dedicated to such position taking and profit making, including through dedicated web- based proprietary trading platforms;
Amendment 314 #
2014/0020(COD)
Proposal for a regulation
Article 6 – paragraph 1 – point b – point ii
Article 6 – paragraph 1 – point b – point ii
(ii) invest in derivatives, certificates, indices or any other financial instrument the performance of which is linked to shares or units of AIFs that are leveraged on a substantial basis as defined in Article 111 of delegated Commission Regulation no. 231/2013/EU;
Amendment 331 #
2014/0020(COD)
Proposal for a regulation
Article 6 – paragraph 2 – point b – introductory part
Article 6 – paragraph 2 – point b – introductory part
(b) a situation where an entity referred to in Article 3 engages in proprietary trading through a separate legal entity or meets all of the following conditions:
Amendment 334 #
2014/0020(COD)
Proposal for a regulation
Article 6 – paragraph 2 – point (ba) (new)
Article 6 – paragraph 2 – point (ba) (new)
(ba) the management of liquidity, interest rate, currency and credit risk in a group or network according to Art. 113 (6), (7) Regulation (EU) No.575/2013 [CRR] or Art. 16(1) of regulation XXX [LCR delegated act].
Amendment 335 #
2014/0020(COD)
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
2 a. The prohibition in point (b) of paragraph 1 shall not apply for activities such as seed funding, asset bridging and co-investing.
Amendment 373 #
2014/0020(COD)
Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)
Article 8 – paragraph 1 – point a a (new)
(a a) the management of liquidity, interest rate, currency and credit risk in a group or network according to Art. 113 (6), (7) Regulation (EU) No.575/2013 [CRR] or Art. 16(1) of Commission Delegated Regulation (EU) 2015/61.
Amendment 387 #
2014/0020(COD)
Proposal for a regulation
Article 8 – paragraph 1 – point (i a) (new)
Article 8 – paragraph 1 – point (i a) (new)
(i a) Asset management services such as portfolio management and investment advice.
Amendment 590 #
2014/0020(COD)
Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – introductory part
Article 12 – paragraph 1 – subparagraph 1 – introductory part
Amendment 26 #
2013/2260(DEC)
Motion for a resolution
Paragraph 272
Paragraph 272
272. Welcomes the Special Report examining direct Union financial support to the Palestinian Authority as an important contribution to the overall political and financial debate about the Union's engagement with Israel and Palestinethe Palestinian Authority with a view to supporting progress towards the two-state solution in full compliance with the principle of respect for the sovereignty and territorial integrity of both the territory administered by the Palestinian Authority and the state of Israel; takes note of the findings, conclusions and recommendations and sets out its observations and recommendations below;
Amendment 27 #
2013/2260(DEC)
Motion for a resolution
Paragraph 273 – introductory part
Paragraph 273 – introductory part
273. Welcomes the findings of the report which confirm some important achievements and the need for improvements of the current PEGASE mechanism (Palestinian-European Mechanism for Management of Socio- Economic Aid), in particular stating that:
Amendment 28 #
2013/2260(DEC)
Motion for a resolution
Paragraph 273 – point b
Paragraph 273 – point b
(b) the eligibility verification checks are roegularly conducted bust and further simplification needs have to been addressed by the Commission to increase their efficiency;
Amendment 29 #
2013/2260(DEC)
Motion for a resolution
Paragraph 273 – point f
Paragraph 273 – point f
(f) the PEGASE DFS made a significant inputcontributed also to the delivery of essential public services like education and health care;
Amendment 30 #
2013/2260(DEC)
Motion for a resolution
Paragraph 274 – introductory part
Paragraph 274 – introductory part
274. NotesExpresses severe concerns that a number of shortcomings in the Commission's management of the PEGASE mechanism remain, inter alia:
Amendment 31 #
2013/2260(DEC)
Motion for a resolution
Paragraph 274 – point a
Paragraph 274 – point a
(a) the Commission does not apply its standard internal quality review procedures to the annual PEGASE DFS programme, which prevents it from fully assessing its efficiency in comparison to other Union aid programmes;
Amendment 32 #
2013/2260(DEC)
Motion for a resolution
Paragraph 274 – point b
Paragraph 274 – point b
(b) no performance indicators were included in the financing agreements making it more difficult to assess the concrete results of the support, especially as regards the percentage of the programme's funds spent on administrative costs compared to the percentage of funds disbursed to the eligible beneficiaries;
Amendment 33 #
2013/2260(DEC)
Motion for a resolution
Paragraph 274 – point c
Paragraph 274 – point c
(c) the Commission has not prepared a risk assessment addressing issues such as corruption in Gaza with regard to the payroll system, which also raises concerns about the risk of money laundering and terrorist financing;
Amendment 34 #
2013/2260(DEC)
Motion for a resolution
Paragraph 274 – point d
Paragraph 274 – point d
(d) significant weaknesses persist in the Palestinian Authority's public finance management, such as inadequate legislative scrutiny of the budget and the external audit reports, or the lack of proper government procurement and commitment controls, which raises questions about the seriousness of the Palestinian Authority's commitment to due diligence for this programme;
Amendment 35 #
2013/2260(DEC)
Motion for a resolution
Paragraph 275
Paragraph 275
275. Calls onUrges the Commission and the EEAS to address these issues without delay and to act together with the Palestinian Authority and inform Parliament and the Council about the progress made in due time;
Amendment 36 #
2013/2260(DEC)
Motion for a resolution
Paragraph 276
Paragraph 276
276. Welcomes the fact that the Commission addressed the Court of Auditors' concern with regard to use of direct negotiated procedures and the application of more competitive tendering procedures; shares the Court's view that competitive tendering would be more beneficial for contracts for management services and audit; encourages the Commission to further increasmake the application of competitive tendering procedures mandatory with a view to seeking the best value for money and ensuring a level playing field between all market participants;
Amendment 37 #
2013/2260(DEC)
Motion for a resolution
Paragraph 277
Paragraph 277
277. Is concerned about the continuing decline in donor funding for the Palestinian Authority from both Member States and third countries but understands that there may be a temporary shortage in donations because of the crisis; notes with concern, furthermore, the Court of Auditors' finding that the Commission and the EEAS have not developed a clear strategy on how to reduce the Palestinian Authority's dependency on Union financial support; takes note of the political constraints which make it very difficult to effectively reduce the Palestinians' dependency on external aid, which is one of the preconditions for the establishment and sustainable development of a sovereign Palestinian state; encourages the Commission and the EEAS to continue the efforts to increase the Palestinian Authority's financial independence from outside sources by, for example, earmarking a greater proportion of Union aid to the Palestinian Authority to the productive sector, including the creation and development of small and medium-sized enterprises;
Amendment 38 #
2013/2260(DEC)
Motion for a resolution
Paragraph 278
Paragraph 278
278. NotesUrges the Commission and the EEAS to fully take into account the Court of Auditors' findings with regard to the absence of conditionality of the EU direct financial support to the Palestinian Authority which weakens the Commission's and EEAS's potential leverage towards more reforms; recognisnotes that the absence of conditionality is a political choice by the Commission, the EEAS and the Member States in line with their political objectives in the Middle East Peace Process; suggests, howev, but consider,s to introduce benchmarks such as hat this may need to be reviewed in view of increatsing functional institutthe effectiveness of Unions as an incentive for the Palestinian Authority to receive Union fundingid implementation in the region;
Amendment 39 #
2013/2260(DEC)
Motion for a resolution
Paragraph 278 a (new)
Paragraph 278 a (new)
278a. Calls, therefore, on the Commission and the EEAS to apply the "more for more" principle regarding the implementation of the PEGASE mechanism from now on and to closely monitor its disbursement;
Amendment 40 #
2013/2260(DEC)
Motion for a resolution
Paragraph 279
Paragraph 279
279. Is worried about the Court of Auditors' findings with regard to little progress made by the Palestinian Authority to reform the civil service and pension systems with a view to reducing the fiscal impact of the increasing numbers of staff and pensioners; calls on the Commission and the EEAS to engage with the Palestinian Authority without delay to address these structural issues, and to report regularly to Parliament and Council on the state of play;
Amendment 41 #
2013/2260(DEC)
Motion for a resolution
Paragraph 279 a (new)
Paragraph 279 a (new)
279a. Regrets, in accordance with the findings of the Court of Auditors, that the Commission and the EEAS have not paid sufficient attention to the fungibility of the PEGASE funding; expresses concern about the risks also mentioned by the Court of Auditors that PEGASE DFS is being used by the Palestinian Authority as a substitution for its own budget to support the Common Security Policy (CSP) component of its policies, including funding to police and security personnel which are not eligible for PEGASE DFS;
Amendment 42 #
2013/2260(DEC)
Motion for a resolution
Paragraph 279 b (new)
Paragraph 279 b (new)
279b. Urgently requests, in this context, a forensic auditing of the PEGASE DFS disbursement to ensure that none of its funding is disbursed or channelled illegally to ineligible groups, and insists on the Commission and the EEAS to raise this problem with the Palestinian Authority to prevent any further diversion of the PEGASE funding in 2014;
Amendment 43 #
2013/2260(DEC)
Motion for a resolution
Paragraph 279 c (new)
Paragraph 279 c (new)
279c. Insists that the Palestinian Authority's failure to comply with the agreed disbursement criteria of the PEGASE DFS shall lead to the temporary suspension thereof or even termination of the programme.
Amendment 44 #
2013/2260(DEC)
Motion for a resolution
Paragraph 280
Paragraph 280
280. Takes note ofIs also preoccupied about the Court of Auditors' findings in respect of the increasing number of Palestinian Authority civil servants in Gaza who are receiving salaries from the PEGASE DFS but are not attending work; notes, furcommends, thermefore, the Court's recommendation to discontinue this funding; agrees, however, with the Commission's and the EEAS's view that the Palestinian Authority should continue supporting its workers in Gaza as a key element of maintaining the unity of a future Palestinian state as it is in line with the political decision by the Union to support the two state solution; recognises that in practical terms, these workers are neither allowed to work nor in a position to leave Gaza which is run by Hamas, a Union-listed terrorist organisation since 2003; urges the Commission and the EEAS to discuss this the payment of virtual civil servants does not comply with the PEGASE DFS objectives and constitutes a clear breach of its dissue with the Palestinian Authority and to take the Court of Auditors' concerns into considerationbursement criteria;
Amendment 45 #
2013/2260(DEC)
Motion for a resolution
Paragraph 280 a (new)
Paragraph 280 a (new)
280a. Urges the Commission and the EEAS to raise the issue concerning the necessity to establish a robust internal controlling mechanism to prevent further diversion of any public funding from its own budget or the PEGASE DFS to any physical or legal person representing or associated with Hamas, a Union-listed terrorist organisation since 2003, with the Palestinian Authority, without delay;
Amendment 46 #
2013/2260(DEC)
Motion for a resolution
Paragraph 283
Paragraph 283
283. Calls on the Commission and the EEAS to fully take into consideration the Court of Auditors' findings, and conclusions and to fully implement its recommendations when reviewing the PEGASE DFS mechanism in the future;
Amendment 47 #
2013/2260(DEC)
Motion for a resolution
Paragraph 285 – point c a (new)
Paragraph 285 – point c a (new)
(ca) developing a robust internal controlling mechanism to ensure respect for the disbursement criteria and prevent any diversion of PEGASE DFS funding;
Amendment 13 #
2013/2200(DEC)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Considers that Mr Neves Mates is not in a position to fruitfully cooperate with Parliament as he has not honoured his promise made to Parliament not to accept his appointment as a member of the Court of Auditors in case Parliament gave him a negative verdict; notes that this, moreover, risks harming the working relationship of the Court of Auditors with Parliament and possibly has serious negative consequences for the credibility and hence effectiveness of the Court of Auditors; urges Mr Neves Mates to therefore resign;
Amendment 16 #
2013/2200(DEC)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Is of the firm opinion that the three- year-mandate of the President of the Court of Auditors should only be renewable once;
Amendment 11 #
2013/2197(DEC)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Considers that the Council acted disdainfully towards Parliament by appointing a Member of the Court of Auditors, despite the fact that Parliament gave a negative opinion; urges the Council to pay attention to the opinions expressed by Parliament on the nomination of members of the Court of Auditors and to the declarations of prospective members of the Court of Auditors before they are nominated;
Amendment 1 #
2013/2195(DEC)
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses that there is an important difference in the type of errors and a distinction should be drawn between major errors, such as overpayment/underpayment or fraud, and minor and clerical errors, since only 0.42% of errors were reported by Member States to be a consequence of frauReminds Member States that for 56% of the regional policy transactions affected by errors the European Court of Auditors considered that sufficient information was available to Member States authorities to have detected and fcor ERDF, Cohesion Fund and ESF programmes rected one or more of the errors before certifying the 2007-2013 programming perexpenditure to the Commissiodn;
Amendment 4 #
2013/2195(DEC)
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that the cumulative financial corrections and recoveries implemented to the end ofin 2012 for ERDF, Cohesion Fund and ESF programmes, in the curre amount to more than EUR 3 billion, and that the individual amounts programming period, amounts to 0.2%er policy area represent 8.8% of the ERDF payments, 2.2% of the Cohesion fund payments and 3.8% of the ESF payments;
Amendment 8 #
2013/2195(DEC)
Draft opinion
Paragraph 5
Paragraph 5
5. Welcomes the new rules for the 2014- 2020 programming period, decided through the co-decision procedure, including measures such as the designations of audit and certifying authorities, accreditations of audit authorities, audit examination and acceptance of accounts, financial corrections and net financial corrections, proportional control, ex-ante conditionalities that aim to further contribute to the reduction of the level of error; reminds that the audit shall be performance-oriented.
Amendment 30 #
2013/2195(DEC)
Motion for a resolution
Heading 1
Heading 1
Amendment 36 #
2013/2195(DEC)
Motion for a resolution
Heading 1 - Subheading 1
Heading 1 - Subheading 1
Amendment 43 #
2013/2195(DEC)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Notes that, according to the Communication from the Commission on Protection of the European Union budget86 , eight Member States are responsible for 90 % of the financial corrections in the fields under shared management; urges the Commission therefore to direct its particular attention to those countries; __________________ 86 COM(2013) 682, 26 September 2013.
Amendment 79 #
2013/2195(DEC)
Motion for a resolution
Heading 1 - Subheading 4
Heading 1 - Subheading 4
Amendment 98 #
2013/2195(DEC)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Acknowledges, as the Commission over and over indicates, that around 80% of the funds are being spend under shared management; nevertheless recalls that TFUE article 317 stipulates that the Commission bears the ultimate responsibility for the implementation of the budget;
Amendment 146 #
2013/2195(DEC)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Calls on the Commission, in its annual activity reports, to indicate how its own risk analyses have influenced the use of its own audit capacities, which countries were concerned and whether the shortcomings were remedied; calls for more direct audits of random samples taken from national granting authorities and final beneficiaries; furthermore urges the Commission to look at positive incentives vis-a-vis Member States that have low error rates for example by adjusting audit sample sizes;
Amendment 160 #
2013/2195(DEC)
Motion for a resolution
Paragraph 32 a (new)
Paragraph 32 a (new)
32a. Calls on the Member States which did not already introduce a voluntary Member State Declaration to do so on the basis of the management declaration as foreseen by Article 59 of the Financial Regulation (EU, Euratom) No 966/2012; urges the Commission to establish the template for the management declaration as soon as possible; reiterates in this respect the ongoing work of the interinstitutional working group on Member State Declarations which for its result is very dependent on the new content of the management declarations;
Amendment 166 #
Amendment 169 #
2013/2195(DEC)
Motion for a resolution
Paragraph 33
Paragraph 33
Amendment 179 #
2013/2195(DEC)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35a. Asks the Commission for a concise and comprehensive action plan that could also be endorsed by the new Commission in order to effectively respond to the reservations expressed in this discharge resolution;
Amendment 194 #
2013/2195(DEC)
Motion for a resolution
Paragraph 54
Paragraph 54
54. Welcomes the fact that the Commission succeeded in rapidly imposing a significant number of financial corrections in 2012 whilst many financial corrections are in general made many years after initial disbursement of funds; is critical of the fact that the EU budget incurs additional administrative costs and losses of revenue and interest due to excessively protracted procedures, considers effective ex-ante controls a better way of protecting the Union budget than ex post financial corrections;
Amendment 209 #
2013/2195(DEC)
Motion for a resolution
Paragraph 65 a (new)
Paragraph 65 a (new)
65a. Regrets that the Commission continues to ignore Parliament's long standing request to add the individual Commissioner's signature to the annual activity reports of his/her related Directorate-General for which he/she is responsible; notes that the synthesis report is adopted by the College of Commissioners, but deems this unsatisfactory in the light of democratic accountability principles;
Amendment 7 #
2013/2175(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Draws attention to the situation in many Member States where commercial banks continue to attach unduly tough conditions to investment financing for SMEs; sees a need, therefore, for other sources of financing, particularly to meet SMEs’ credit requirements;
Amendment 11 #
2013/2172(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Points out that the budgetary authority needs, annually, a clear view of the real extent to which the Union’s main objectives have been achieved, and that this necessarily cuts across the budget headings;provided by, in a first step, an evaluation of the main financial programmes and, in a second step, a cross-cutting evaluation by programme statements of operational expenditures1 assessing to what extent the programmes contributed to achieving objectives of the Europe 2020 strategy; __________________ 1 See COM(2013)0450 Draft General Budget of the European Commission for the financial year 2014, Working document on Programme statements of operational expenditures, June 2013
Amendment 12 #
2013/2172(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 15 #
2013/2172(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls on the Court to providereport to Parliament with an objective andon the progress being made by the Commission in dependent assessment of whether thesigning and operating its risk management, governance and internal control processes designed and operated by the Commission are sufficient to ensure thatwith a view to achieving the Union’s objectives will be achieved;
Amendment 18 #
2013/2172(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Insists on the need to aggregate the data yielded by the evaluation process at global level and, as regards internal policies, at the level of the Europe 2020 flagship initiain relation to Europe 2020 objectives;
Amendment 3 #
2013/2134(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Reiterates the importance of Cohesion Policy as the main investment instrument, at European level, playing a central role in combating the crisis and engaging the EU and its regions on a path of sustainable growth; Hence underlines the importance of securing adequate budgetary provisions and macroeconomic conditionality in the context of the MFF negotiations to the European Union Structural and Investment Funds, noting in particular their key share of investment in a range of areas such as employment, innovation, sustainable development and support to SMEs;
Amendment 7 #
2013/2134(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Is strongly concerned by the sharp downfall in public and private investment in the productive economy and especially at the local and regional level; Is of the opinion that decisive measures are needed to reform product and labour markets, adopt cautious wage policies and base the future growth model on innovation and shift production towards high value-added activities; Takes the view that a sustainable economic policy depends on very favourable conditions for business start-ups; Expresses its firm belief that the Structural and Investment Funds are essential in order to prevent and mitigate any shortfall in the aforementioned respects;
Amendment 14 #
2013/2134(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Welcomes the labour market reforms which were aimed at improving the resilience of the labour market, introducing more internal and external flexibility, reducing fragmentation and facilitating transition between jobs; Recalls however that further and more in-depth reforms are needed, notably to improve labour market mobility and especially youth mobility with a special focus on improving the professional opportunities of young people, in particular of those who face difficulties when entering the job market, to provide job-search assistance and to establish clear and transparent links between education and training in order to achieve a better match between skills and available jobs; acknowledges that dual training is eminently suited to the needs of the employment market and makes it easier for young people to find their first job;
Amendment 19 #
2013/2134(INI)
Draft opinion
Paragraph 7
Paragraph 7
7. Welcomes the diminishing number of Member States under the excessive deficit procedure and the fact that Member States are reducing their debts and consolidating their budgets; Strongly urges the Commission and the Member States to exploit all margins of flexibility inherent in the preventive arm of the Stability and Growth Pact (SGP) to balance productive public investment needs with fiscal discipline objectives, for example by excluding the aggregate volumes of national co-financing under the Structural and Investment Funds from the limits imposed by the Stability and Growth Pact, or by basing calculations for the purposes of the Pact on a Member State’s net cash requirements, as opposed to its gross requirements.
Amendment 5 #
2013/2094(INI)
Motion for a resolution
Recital C
Recital C
C. whereas, in the process, regions should focus on a small number of priority areas which take account of their respective strengths and weaknesses and should drive innovation to sustainably promote and renew regional economies;
Amendment 34 #
2013/2094(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Calls on the regions to support business start-ups;
Amendment 36 #
2013/2094(INI)
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
8b. Recommends that the regions focus their smart specialisation strategies on SMEs in particular, since they invest above-average amounts in research and development and act as regional drivers of innovation;
Amendment 59 #
2013/2094(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on all regional and national actors tasked with devising and implementing the RIS 3 strategy, the ESFRI research infrastructure road map, the ESIF and Horizon 2020 to cooperate more closely as regards planning and coordination; is of the opinion that and where necessary to develop appropriate structures are needed in order to integrate the various tiers of government action;
Amendment 66 #
2013/2094(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Is of the opinion that regional cooperation is potentially of huge benefit, because of the knowledge and technology transfer involved, both to the regions themselves in terms of their local economic strength and to the EU as a whole in the global competition process; points in this connection to very successful collaborative arrangements such as, for instance, the 'knowledge regions';
Amendment 35 #
2013/0000(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Recommends that the overall coverage ceiling of the ‘a’ and ‘c’ areas shall be set at 45 % instead of 42% of the EU-27 population for the period 2014- 2020;
Amendment 37 #
2013/0000(INI)
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3 b. Suggests that an extra coverage should be granted to border regions, so to prevent that the overall amount of regional State aid differs significantly in neighbouring border regions, as this could affect a border region's economy negatively;
Amendment 117 #
2013/0000(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Is of the opinion that excluding large enterprises companies from State aid rules in areas covered by Article 107(3)(c) TFEU is not justified given their contribution to employment, the supply- chains that they create with SMEs, their common involvement in research and development, and the role they play in the economic crisis; remarks that enterprises which resemble SMEs in their structure such as family-owned businesses, do not necessarily correspond to the European Commission's definition of SMEs but are facing the same challenges and therefore should not be excluded from regional state aid; takes the view that the presence of large undertakings is often key to the success of SMEs that benefit from clusters led by large companies and from their sub- contracting activities; underlines that such a decision may lead to job losses and reduced economic activity in the regions and to the relocation of companies to other regions either within and outside the EU;
Amendment 17 #
2012/2285(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Stresses that, owing to the mechanism of balancing the EU budget with GNI-based revenue, every euro lost to customs and VAT fraud has to be paid for by the EU’s citizens; finds it unacceptable that those economic operators who engage in fraudulent activities are, in fact, subsidised by the EU taxpayer; emphasises that fighting tax evasion should be given the highest priority by both the Commission and the Member States; calls on the Member States to make their tax systems simpler and more transparent because tax fraud is too often facilitated by complex and opaque tax systems;
Amendment 29 #
2012/2285(INI)
Motion for a resolution
Paragraph 27 – subparagraph 1 (new)
Paragraph 27 – subparagraph 1 (new)
calls on the Commission and the Member States to simplify the relevant rules on public procurement and the procedural rules for management of the Structural Funds;
Amendment 30 #
2012/2285(INI)
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27a. Calls on the Member States to designate a one-stop agency for applicants;
Amendment 36 #
2012/2285(INI)
Motion for a resolution
Paragraph 31
Paragraph 31
31. Reiterates that it is necessary to continue to strengthen the independence, effectiveness and efficiency of OLAF, including the independence and functioning of the OLAF Supervisory Committee; welcomes the progress made in the negotiations on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EC) No 1073/1999 concerning investigations conducted by the European Anti-fraud Office (OLAF) and repealing Regulation (EURATOM) No 1074/1999 (COM(2011)135);
Amendment 6 #
2012/2256(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Underlines the crucial role of cohesion policy as a key instrument for Europe 2020 and a macroeconomic stabilizing factor generating growth and employment; considers that a strong and well- funded cohesion policy is an effective and efficient instrument to implement Europe 2020 and prevent future economic and financial crises, owing to its long-term development programmes, budgetary dimension and decentralised administration system and the incorporation of the EU's priorities for sustainable development; points out that cohesion policy is an investment policy and should thus promote territorial, economic and social cohesion in all regions of the EU, keeping in mind the principle of solidarity; stresses, in this connection, the importance of involving regions in achieving the EU 2020 goal;
Amendment 9 #
2012/2256(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Recalls that Cohesion Policy can only be successful if sound broad fiscal and structural policies conducive to growth are put in place by Member States and should therefore be linked to a macroeconomic conditionality; stresses that implementing the Common Strategic Framework funds where national governments fail to set the right policies or fail to carry out the necessary structural reforms may entail wasting financial resources or even reducing incentives to correct unhealthy economic policies;
Amendment 12 #
2012/2256(INI)
Draft opinion
Paragraph 4 – point 1 (new)
Paragraph 4 – point 1 (new)
(1) Stresses the need to modernise public administration as it is an important factor to improve the member states' absorption rate of the structural funds; suggests that member states should be provided assistance by experts if they wish; recalls that the use of structural funds should also be improved by reducing bureaucratic burdens;
Amendment 17 #
2012/2256(INI)
Draft opinion
Paragraph 7
Paragraph 7
7. Calls on Member States to prioritise, on the expenditure and revenue sides of the budget, growth-friendly policies, particularly in the areas of education, research, innovation, infrastructure and energy, and ensure the efficiency of such expenditures and revenues; recalls that growth can be achieved without increasing the national budget but by prioritising investment in growth-friendly policies;
Amendment 23 #
2012/2256(INI)
Draft opinion
Paragraph 9
Paragraph 9
9. Calls for strong measures to restore confidence in the banking sector and thus boost investment; recalls that lack of access to finance remains one of the critical barriers preventing SMEsmall and medium sized enterprises from finding private capital to match EU co-funding and regaining competitiveness; recommends that the structural funds should be used for financing venture capital funds by generating additional financing for small and medium sized enterprises;
Amendment 44 #
2012/2166(DEC)
Motion for a resolution
Paragraph 41
Paragraph 41
41. Is deeply worried by the Court of Auditors' conclusion that non-quantifiable errors resulted from the lack of a structured demonstration of compliance with the eligibility criteria because public financial management achievements were not compared with the objectives set for the period under review; calls on the Commission to ensure a rigorous control of recipient countries both before and after the decision to grant budget support, in particular in countries receiving significant financial assistance from Union development funds in which corruption is very much on the increase, however, such as in Pakistan, for instance, whose government is given some EUR 185 million in development assistance by the Union each year, while Pakistan’s score on the Corruption Perception Index (measured by Transparency International) has risen 400% since 2009; calls therefore for more effective Commission control mechanisms in order to ensure that European taxpayers’ money is not misappropriated for funding terrorism or corruption;
Amendment 3 #
2012/2134(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the EU Action Plan on improving access to finance for small and medium-sized enterprises (SMEs);
Amendment 7 #
2012/2134(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that ensuring sufficient and timely access to finance for SMEs stimulates and reinforces economic growth, job creation and labour productivity, since, according to Eurostat, in the last five years alone 80% of all new jobs were created by SMEs, which thus form the backbone of the European economy;
Amendment 24 #
2012/2134(INI)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls, therefore, on the Member States, in the interest of simplifying administrative procedures, to designate a one-stop agency for applicants with a view to facilitating access to the structural funds for SMEs too;
Amendment 27 #
2012/2134(INI)
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Recommends that the structural funds be used for funding instruments such as Business Angels with a view to generating additional finance for SMEs;
Amendment 28 #
2012/2134(INI)
Draft opinion
Paragraph 4 c (new)
Paragraph 4 c (new)
4c. Stresses the need to inform SMEs about opportunities for funding via the structural funds; considers that existing bodies such as the Enterprise Europe Network should be used and strengthened for this purpose;
Amendment 29 #
2012/2134(INI)
Draft opinion
Paragraph 4 d (new)
Paragraph 4 d (new)
4d. Notes the need, in the interests of SMEs, to simplify and shorten the authorisation procedures for obtaining finance from the structural funds, and to pay out subsidies more promptly;
Amendment 3 #
2012/0000(INI)
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Stresses that a transparent, uncomplicated taxation system makes it possible to dismantle bureaucratic and administrative obstacles and thus reduce the cost of tax collection;
Amendment 4 #
2012/0000(INI)
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Notes that the dismantling of tax privileges creates scope for comprehensive reforms leading to an uncomplicated, understandable and fair taxation system;
Amendment 8 #
2012/0000(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that massive tax evasion by larger companies has a devastating effect on the taxpaying discipline of smaller companies and even individuals, since it makes tax evasion appear to be the accepted norm; stresses that tax evasion and tax fraud are facilitated by complex, non-transparent taxation systems and that opaque tax legislation offers firms and individuals, by a flexible interpretation of tax laws, opportunities to reduce their own tax burden at the expense of others;
Amendment 8 #
2011/2071(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Points out that regional policy has a consolidated methodology for an integrated approach and a well-designed guidance system for mobilising investments on the ground which could support economic coordination in an appropriate manner; calls, therefore, on the European Commission to put forward specific recommendations on how the Structural Funds can be used to this end within the framework of the Operational Programmes;
Amendment 27 #
2011/2071(INI)
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Points out that Parliament has a crucial role to play in establishing full democratic legitimacy for the European Semester; calls, therefore, on the European Commission to fully involve Parliament and its respective committees;
Amendment 35 #
2011/2056(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the Commission to draw up rulguidelines on the social responsibility of European undertakings involved in the mining of raw materials in source countries;
Amendment 45 #
2011/2056(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the Commission to further develop raw materials traceability systems and to introduce a binding certification scheme for raw materials and trading chains (Certified Trading Chains), so that trade can be guaranteed to be fair; recalls in this context the importance of OECD Due Diligence Guidance for Responsible supply chains of minerals from conflict- affected and high-risk areas;
Amendment 53 #
2011/2056(INI)
Draft opinion
Paragraph 6
Paragraph 6
6. Stresses that financial markets can play an important role in hedging the risk of both producers and consumers of raw materials and commodities; Calls on the Commission to take the necessary measures to ensure there is transparency on commodity markets and to act against commodities speculation if regarded as necessary on the basis of in-depth empirical analysis;
Amendment 55 #
2011/2056(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Points out that effective governance of RM policy is key to an effective strategy; emphasises the need for close co- ordination within the Commission and the European Parliament and between Member States; recommends the establishment of an inter-departmental RM task force, as is the case in France and the United States, to elaborate, monitor and review policies, to ensure strategic coherence and promote the establishment of an early-warning system; calls on the Commission to foster co-ordination between the Member States on the external dimension; believes the upcoming communication on the external dimension of energy could serve as a template;
Amendment 160 #
2011/2056(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Welcomes co-operation between national geological surveys and the publication of an annual European RM Yearbook (ERMY); stresses that data on secondary resources and urban mining should be included; asks the Commission to assess whether the creation of an EU GRaw Materials Institute with a geological Sservice that pools the work of national surveys and works with international partners is necessaryn order to provide a transparent raw materials resources overview; supports the Commission's work in improving the EU's geological knowledge base; calls on the Commission to publish a resource map of the Union;
Amendment 203 #
2011/2056(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Stresses the importance of skills and training and the role played by geologists and engineers; calls on the Commission to engage in a close dialogue with academia, research and social partners in this context;
Amendment 229 #
2011/2056(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Considers it the responsibility of companies to procure resources; neverthelessacknowledges the difficulties in procuring resources for SMEs; therefore, asks the Commission to consider how concepts such as a European RM Holding could be supported non- financially;
Amendment 264 #
2011/2056(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Concurs that development policy plays a role in helping countries turn their resource wealth into sustainable and inclusive growth, inter alia by enhancing governance and transparency; does not considers development policy an RM diplomacy tool; agrees that trade agreements should provide the necessary flexibility to support developing countries in creating linkages from the extractive industry towards local industry; believes that countries' resource sovereignty must be respected in this context;
Amendment 275 #
2011/2056(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Welcomes the work on RM and sustainability in the OECD, G8 and G20; stresses the further need for a G20- dialogue on fair and sustainable access to raw materials in order to develop a common perspective for free trade in raw materials; supports the inclusion of non- OECD members in these discussions; calls for the creation of strategic co-operation between the EU, US and Japan on CRM intowards a "global raw materials watch" by sharing demand and supply data, common forecasting, exchanging best practice, analysing supply chains, investigating the possibility for joint strategic stocks, and the establishment of joint R&D projects; asks the Commission to investigate the feasibility of an international statistics initiative on CRM based on the example of the Joint Organisations Data Initiative (JODI);
Amendment 39 #
2011/0300(COD)
Proposal for a regulation
Recital 18
Recital 18
(18) Projects of common interest should be implemented as quickly as possible and should be closely monitored and evaluated, while keeping the administrative burden for projects promoters, particularly with regard to small and medium-sized enterprises, to a minimum. The Commission should nominate European coordinators for projects facing particular difficulties.
Amendment 90 #
2011/0300(COD)
Proposal for a regulation
Article 6 – paragraph 2 – point a
Article 6 – paragraph 2 – point a
(a) promote the project(s), for which he or she has been designated European coordinator and the cross-border dialogue between the project promoters and all concerned stakeholders, which specifically include regional and local authorities;
Amendment 94 #
2011/0300(COD)
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. The adoption of the Union-wide list of projects of common interest shall establish the public interest and necessity of these projects within the Member States concerned and shall be acknowledged as such by all parties concerned, which specifically include regional and local authorities and citizens affected by the measures.
Amendment 106 #
2011/0300(COD)
Proposal for a regulation
Article 11 – paragraph 2
Article 11 – paragraph 2
2. Within one month of the start of the permit granting process, pursuant to paragraph 1(a), the competent authority shall identify, in close cooperation with the other authorities concerned, the scope of material and level of detail of information to be submitted by the project promoter, as part of the application file, to apply for the comprehensive decision. The checklist referred to in point 1(e) of Annex VI shall serve as a basis for this identification. At least one meeting between the competent authority and, the project promoter, and, if considered appropriate by the competent authority, other authorities and stakeholders concerned shall take place to this aim. A detailed application outline, which shall include the results of this meeting, shall be transmitted to the project promoter and be made available to the public no later than one month after the meeting.
Amendment 140 #
2011/0300(COD)
Proposal for a regulation
Annex III – part 1 – point 1 – introductory part
Annex III – part 1 – point 1 – introductory part
(1) For electricity projects falling under the categories set out in point 1 of Annex II, each Group shall be composed of representatives of the competent authorities of the Member States, national regulatory authorities, regional and local authorities, transmission system operators following their obligation to cooperate on a regional level in accordance with Article 6 of Directive 2009/72/EC and Article 12 of Regulation (EC) No 714/2009 and project promoters concerned by each of the relevant priorities designated in Annex I, as well as the Commission, the Agency and the ENTSO for Electricity.
Amendment 170 #
2011/0300(COD)
Proposal for a regulation
Annex 6 – point 2 – point a
Annex 6 – point 2 – point a
(a) The stakeholders affected by a project of common interest, including relevant authorities, landowners and citizens living in the vicinity of the project, the general public and their associations, organisations or groups, shall be extensively informed and consulted at an early stage – no later than the start of the licensing procedure – and in an open and transparent manner. Where relevant, the competent authority shall actively support the activities undertaken by the project promoter.
Amendment 238 #
2011/0276(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) Establishing a closer link between cohesion policy and the economic governance of the Union will ensure that the effectiveness of expenditure under the CSF Funds is underpinned by sound economic policies and that the CSF Funds can, if necessary, be redirected to addressing the economic problems a country is facing. This process has to be gradual, starting with amendments to the Partnership Contract and to the programmes in support of Council recommendations to address macroeconomic imbalances and social and economic difficulties. Where, despite the enhanced use of CSF Funds, a Member State fails to take effective action in the context of the economic governance process, the Commission should have the right to suspend all or part of the payments and commitments. Decisions on suspensions should be proportionate and effective, taking into account the impact of the individual programmes for addressing the economic and social situation in the relevant Member State and previous amendments to the Partnership Contract. When deciding on suspensions, the Commission should also respect equality of treatment between Member States, taking into account in particular the impact of the suspension on the economy of the Member State concerned. The suspensions should be lifted and funds be made available again to the Member State concerned as soon as the Member State takes the necessary action. If a Member State fails to take appropriate actions within a period greater than three months, the Commission should be able to place the suspended payments and commitments in a programme administered and supervised by the Commission. This programme should prioritise maximising growth, for example by providing grants for economy-related infrastructure, to avoid causing further damage to the regional economy and the social situation.
Amendment 244 #
2011/0276(COD)
Proposal for a regulation
Recital 19 a (new)
Recital 19 a (new)
19a. The Commission should, at the request of the relevant Member State, be able to make an ad hoc decision on the rules and conditions applicable to this programme, in particular on the basis of the funds released due to corrections and suspensions relating to the Structural Funds and the Cohesion Fund;
Amendment 258 #
2011/0276(COD)
Proposal for a regulation
Recital 27
Recital 27
(27) It is necessary to lay down specific rules regarding the amounts to be accepted as eligible expenditure at closure, to ensure that the amounts, including the management costs and fees, paid from the CSF Funds to financial instruments are effectively used for investments and payments to final recipients. It is also necessary to lay down specific rules regarding the reuse of resources attributable to the support from the CSF Funds, including the use of legacy resources after the closure of the programmes. These attributable and legacy resources, together with other available resources, e.g. from financial corrections, should be made available to Member States experiencing serious difficulties with regard to their financial stability and managed by the Commission, prioritising the most effective measures to stimulate growth.
Amendment 269 #
2011/0276(COD)
Proposal for a regulation
Recital 41
Recital 41
(41) To ensure the effectiveness, fairness and sustainable impact of the intervention of the CSF Funds, there should be provisions guaranteeing that investments in businesses and infrastructures are long- lasting and prevent the CSF Funds from being used to undue advantage. Experience has shown that a period of five10 years is an appropriate minimum period to be applied, except where State aid rules foresee a different period. It is appropriate to exclude actions supported by the ESF and those not entailing productive investment or investment in infrastructure from the general requirement of durability, unless such requirements are derived from applicable State aid rules, and to exclude contributions to or from financial instruments.
Amendment 291 #
2011/0276(COD)
Proposal for a regulation
Recital 54
Recital 54
(54) In order to promote the Treaty objectives of economic, social and territorial cohesion, the 'Investment for growth and jobs' goal should support all regions. To provide balanced and gradual support and reflect the level of economic and social development, resources under that goal should be allocated from the ERDF and the ESF among the less developed regions, the transition regions and the more developed regions according to their gross domestic product (GDP) per capita in relation to the EU average. In order to ensure the long-term sustainability of investment from the Structural Funds, regions whose GDP per capitaich received support for the 2007-–2013 period was less than 75% of the average of the EU-25 for the reference periodunder the ‘Convergence’ objective but whose GDP per capita has grown to more than 75 % of the EU-27 average should receive at least two thirds of their 2007-–2013 allocation. Member States whose per capita gross national income (GNI) is less than 90 % of that of the Union average should benefit under the 'Investment for growth and jobs' goal from the CF.
Amendment 311 #
2011/0276(COD)
Proposal for a regulation
Recital 59
Recital 59
(59) As regards the Funds and with a view to ensuring an appropriate allocation to each category of regions, resources should not be transferred between less developed, transition and more developed regions except in duly justified circumstances linked to the delivery of one or more thematic objectives and for no more than 2 % of the total appropriation for that category of region.
Amendment 374 #
2011/0276(COD)
Proposal for a regulation
Part 1 – article 2 – paragraph 2 – point 19
Part 1 – article 2 – paragraph 2 – point 19
(19) 'category of regions' means the categorisation of regions as 'less developed regions', 'transition regions' or 'more developed regions' according to Article 82(2);
Amendment 437 #
2011/0276(COD)
Proposal for a regulation
Part 2 – article 5 – paragraph 3 a (new)
Part 2 – article 5 – paragraph 3 a (new)
3a. The Code of Good Conduct will define, a number of partnership criteria that will be part of the Partnership Contract and the Operational Programmes. These partnership criteria will cover following minimum specifications: (a) description of the partner institutions that from the formal partnership; (b) the cooperation procedure with the competent nation, regional and local institutions, ensuring binding voting rights in partnership decisions, including changes of the Operational Programme; (c) description of the formal consultation procedure of the partner institutions in the drafting of national guidance notes and supplementary implementing rules; (e) description of the stakeholders involved in the preparation, implementation, monitoring and evaluation of the Operational Programmes; (f) transparency of the procedures and the relevant documents concerning the Development and Investment Partnership Contract and the Operational Programmes. These criteria shall be verified ex ante, as well as be subject to annual reporting by the Member States to the Commission.
Amendment 470 #
2011/0276(COD)
Proposal for a regulation
Part 2 – article 9 – paragraph 1 – point 1
Part 2 – article 9 – paragraph 1 – point 1
(1) strengthening research, technological development and innovation, as well as the transfer of technology;
Amendment 489 #
2011/0276(COD)
Proposal for a regulation
Article 32 – paragraph 1 a (new)
Article 32 – paragraph 1 a (new)
Amendment 490 #
2011/0276(COD)
Proposal for a regulation
Article 35 – paragraph 1
Article 35 – paragraph 1
1. As regards financial instruments referred to in Article 33(1)(a), the request for payment shall include and separately disclose the total amount of support paid to the financial instrument. and financial instruments referred to in Article 33(1)(b) implemented in accordance with Article 33(4)(a) and (b), phased applications for interim payments shall be made for programme contributions paid to the financial instrument during the period of eligibility in accordance with the following conditions: (a) the amount of the programme contribution paid to the financial instrument included in each application for interim payment submitted during the eligibility period indicated in Article 55(2) shall not exceed 25 per cent of the total amount of programme contributions committed to the financial instrument under the relevant funding agreement, corresponding to expenditure in the meaning of Article 36(1)(a), (b) and (d) expected to be paid during the eligibility period indicated in Article 55(2). Applications for interim payment submitted after the eligibility period indicated in Article 55(2) shall include the total amount of eligible expenditure in the meaning of Article 36; (b) each application for interim payment referred to in paragraph (a) may include up to 25 per cent of the total amount of the national co-financing as referred to in Article 33 (8) expected to be paid to the financial instrument, or at the level of final recipients for expenditure in the meaning of Article 36 (1) (a), (b) and (d), within the eligibility period indicated in Article 55(2); (c) subsequent applications for interim payment submitted during the eligibility period indicated in Article 55(2) shall only be made: (i) for the second application for interim payment, when at least 60 per cent of the amount included in the first application for interim payments has been spent as eligible expenditure in the meaning of Article 36(1)(a), (b) and (d); (ii) for the third and subsequent applications for interim payment, when at least 70 per cent of the amounts included in the previous applications for interim payments have been spent as eligible expenditure in the meaning of Article 36(1)(a), (b) and (d); (d) each application for interim payment, which includes expenditure related to financial instruments, shall separately disclose the total amount of programme contributions paid to the financial instrument and the amounts paid as eligible expenditure in the meaning of Article 36(1)(a), (b) and (d). At closure, the application for payment of the final balance shall include the total amount of eligible expenditure as referred to in Article 36.
Amendment 496 #
2011/0276(COD)
Proposal for a regulation
Article 113 – paragraph 7 a (new)
Article 113 – paragraph 7 a (new)
7a. The Member State may, at its own initiative, designate one coordinating body whose responsibility is to liaise with and provide information to the beneficiaries and interested citizens and to establish contact between those and the respective managing authorities.
Amendment 496 #
2011/0276(COD)
Proposal for a regulation
Part 2 – article 9 – paragraph 1 – point 8
Part 2 – article 9 – paragraph 1 – point 8
(8) promoting employment and start-up businesses and supporting labour mobility;
Amendment 1055 #
2011/0276(COD)
Proposal for a regulation
Part 2 – article 53 – paragraph 2 a (new)
Part 2 – article 53 – paragraph 2 a (new)
2a. Where State co-financing is required, this can also be replaced by private investors.
Amendment 1161 #
2011/0276(COD)
Proposal for a regulation
Part 2 – article 75 – paragraph 1 – introductory part
Part 2 – article 75 – paragraph 1 – introductory part
1. By 1 February30 June of the year following the end of the accounting period, the Member State shall submit to the Commission the following documents and information in accordance with [Article 56] of the Financial Regulation:
Amendment 1191 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 82 – paragraph 2 – subparagraph 1 – introductory part
Part 3 – article 82 – paragraph 2 – subparagraph 1 – introductory part
Resources for the Investment for growth and jobs goal shall be allocated among the following threewo categories of NUTS level 2 regions:
Amendment 1193 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 82 – paragraph 2 – subparagraph 1 – point b
Part 3 – article 82 – paragraph 2 – subparagraph 1 – point b
Amendment 1194 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 82 – paragraph 2 – subparagraph 1 – point c
Part 3 – article 82 – paragraph 2 – subparagraph 1 – point c
(c) more developed regions, whose GDP per capita is above 9075 % of the average GDP of the EU-27.
Amendment 1195 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 82 – paragraph 2 – subparagraph 2
Part 3 – article 82 – paragraph 2 – subparagraph 2
The threewo categories of regions are determined on the basis of how their GDP per capita, measured in purchasing power parities and calculated on the basis of Union figures for the period 2006 to 2008, relates to the average GDP of the EU-27 for the same reference period.
Amendment 1207 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 82 – paragraph 4
Part 3 – article 82 – paragraph 4
4. Immediately following the entry into force of this Regulation, the Commission shall adopt a decision by implementing act setting out the list of regions fulfilling the criteria of the threewo categories of regions referred to in paragraph 2 and of Member States fulfilling the criteria of paragraph 3. This list shall be valid from 1 January 2014 to 31 December 2020.
Amendment 1214 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 84 – paragraph 1 – subparagraph 1 – point a
Part 3 – article 84 – paragraph 1 – subparagraph 1 – point a
(a) [50.13 % (i.e., a total of EUR 162 589 839 384) for less developed regions;] 1 (xxx) for less developed regions; __________________ 1 The percentage must be adjusted in accordance with the MFF negotiations
Amendment 1216 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 84 – paragraph 1 – subparagraph 1 – point b
Part 3 – article 84 – paragraph 1 – subparagraph 1 – point b
Amendment 1219 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 84 – paragraph 1 – subparagraph 1 – point c
Part 3 – article 84 – paragraph 1 – subparagraph 1 – point c
(c) 16,39 % (i.e., a total of EUR 53 142 922 017) for more developed regions; [28.40 %]1 (xxx) for more developed regions; __________________ 1 The percentage must be adjusted in accordance with the MFF negotiations
Amendment 1240 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 84 – paragraph 1 – subparagraph 2
Part 3 – article 84 – paragraph 1 – subparagraph 2
All regions whose GDP per capita for thethat received support in the period 2007-–2013 period was less than 75% of the average of the EU-25 for the refunder the ‘Convergence period but’ objective whose GDP per capita is above 75 % of the GDP average of the EU-27 shall receive an allocation under the Structural Funds equal to at least two thirds of their 2007-–2013 allocation.
Amendment 1276 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 84 – paragraph 3
Part 3 – article 84 – paragraph 3
Amendment 1320 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 85 – paragraph 1
Part 3 – article 85 – paragraph 1
1. The total appropriations allocated to each Member State in respect of less developed regions, transition regions and more developed regions shall not be transferable between each of those categories of regions.
Amendment 1334 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 86 – paragraph 4 – subparagraph 2
Part 3 – article 86 – paragraph 4 – subparagraph 2
In those Member States in which less developed and transition regions cover at least 70 % of the population, the verification shall take place at national level.
Amendment 1335 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 86 – paragraph 4 – subparagraph 3
Part 3 – article 86 – paragraph 4 – subparagraph 3
In those Member States in which less developed and transition regions cover more than 15 % and less than 70 % of the population, the verification shall take place at national and regional level. For that purpose, those Member States shall provide to the Commission information about the expenditure in the less developed and transition regions at each stage of the verification process.
Amendment 1503 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 99 – paragraph 2
Part 3 – article 99 – paragraph 2
2. The relevant operational programmes shall identify the ITIs planned and shall set out the indicative financial allocation from each priority axis to each ITI. In order to implement ITI, thematic objectives can also be used that are not used outside of ITI.
Amendment 1594 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 110 – paragraph 1 – point 1 (new)
Part 3 – article 110 – paragraph 1 – point 1 (new)
(1) When state co-financing is required, this can also be provided by private investors.
Amendment 1597 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 110 – paragraph 3 – subparagraph 1 – introductory part
Part 3 – article 110 – paragraph 3 – subparagraph 1 – introductory part
The co-financing rate at the level of each priority axis of operational programmes under the Investment for growth and jobs goal shall be nonever be higher than
Amendment 1605 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 110 – paragraph 3 – subparagraph 1 – point d
Part 3 – article 110 – paragraph 3 – subparagraph 1 – point d
(d) 75 % for the less developed regions of Member States other than those referred to in points (b) and (c), and for all regions whose GDP per capita forthat received funding in the 2007-–2013 period was less than 75% of the aunder the converage of the EU-25 for the reference period butnce objective and whose GDP per capita is above 75 % of the GDP average of the EU-27;
Amendment 1606 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 110 – paragraph 3 – subparagraph 1 – point e
Part 3 – article 110 – paragraph 3 – subparagraph 1 – point e
Amendment 1607 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 110 – paragraph 3 – subparagraph 1 a (new)
Part 3 – article 110 – paragraph 3 – subparagraph 1 a (new)
In substantiated cases, the rate of EU co- financing for the individual priority axes of the operational programmes are to be increased by the regions in consultation with the Commission in the context of the objective of ‘investing in growth and employment’.
Amendment 1651 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 112 – paragraph 3 – subparagraph 1
Part 3 – article 112 – paragraph 3 – subparagraph 1
Member States shall ensure that no later than 31 December 20145, all exchanges of information between beneficiaries and managing authorities, certifying authorities, audit authorities and intermediate bodies can be carried out solely by means of electronic data exchange systems.
Amendment 1661 #
2011/0276(COD)
Proposal for a regulation
Part 3 – article 113 – paragraph 1 a (new)
Part 3 – article 113 – paragraph 1 a (new)
1a. The Member States are called upon to nominate a one stop agency for applicants.
Amendment 1803 #
2011/0276(COD)
Proposal for a regulation
Part 4 – article 142 – paragraph 1
Part 4 – article 142 – paragraph 1
1. The powers to adopt delegated acts are conferred on the Commission subject to the conditions laid down in this Article. Delegated acts shall not apply retrospectively.
Amendment 72 #
2011/0275(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) The ERDF should contribute to the Europe 2020 strategy, thus ensuring greater concentration of ERDF support on the priorities of the Union. According to the category of regions supported, the support from the ERDF should be concentrated on research and innovation, enterprises, in particular small and medium-sized enterprises, and climate change mitigation. The degree of concentration should take into account the level of development of the region as well as the specific needs of regions whose GDP per capita for the 2007-13 period was less than 75% of the average GDP of the EU-25 for the reference period.
Amendment 89 #
2011/0275(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) Within the framework of sustainable urban development, it is considered necessary to support integrated actions to tackle the economic, environmental, climate, demographic, and social challenges affecting urban areas and to define a procedure to establish the list of citieselect functional urban and other territorial areas covered by such actions and the financial allocation set aside for such actions.
Amendment 92 #
2011/0275(COD)
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point d – introductory part
Article 3 – paragraph 1 – subparagraph 1 – point d – introductory part
(d) investment in the development of endogenous potential by supporting regional and local development and research and innovation. These measures shall include:through fixed investment in equipment and infrastructure; including cultural and sustainable tourism infrastructure, services to enterprises, support to research and innovation bodies and applied research in enterprises;
Amendment 97 #
2011/0275(COD)
Proposal for a regulation
Recital 9
Recital 9
(9) In order to identify or test new solutions to issues relating to sustainable urban and other territorial development which are of relevance at Union level, the ERDF should support innovative actions in the field of sustainable urban and other territorial development.
Amendment 108 #
2011/0275(COD)
Proposal for a regulation
Article 5 – point 4 – introductory part
Article 5 – point 4 – introductory part
(4) supporting the shift towards a low- carbon economy and increasing resource efficiency in all sectors:
Amendment 109 #
2011/0275(COD)
Proposal for a regulation
Article 5 – point 4 – point b
Article 5 – point 4 – point b
(b) promoting energy efficiency and renewable energy use in enterprises, primarily in SMEs;
Amendment 141 #
2011/0275(COD)
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point a
Article 3 – paragraph 1 – subparagraph 1 – point a
(a) productive investment, which contributes to creating and safeguarding sustainable jobs, through direct aid to investment in businesses, particularly small and medium-sized enterprises (SMEs);
Amendment 170 #
2011/0275(COD)
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point c
Article 3 – paragraph 1 – subparagraph 1 – point c
(c) investments in social, health, sport and educational infrastructure;
Amendment 171 #
2011/0275(COD)
Proposal for a regulation
Article 3 – paragraph 1 – subparagraph 1 – point c a (new)
Article 3 – paragraph 1 – subparagraph 1 – point c a (new)
(c a) supporting tourism through targeted, sustainable, tailored tourism projects and programmes, in particular through (i) support for tourism development in structurally weak, disadvantaged or inaccessible areas; (ii) development of tourism in remote regions, border regions and areas in the outermost regions; (iii) support and promotion of measures to protect the climate end environment and for the sustainable use of resources in the area of tourism
Amendment 307 #
2011/0275(COD)
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
By derogation from point (a) (i), in those regions whose GDP per capita for the 2007-13 period was less than 75 % of the aich received support under the Converage GDP of the EU-25 for the referencence objective in the 2007-13 period but which are eligible under the category of transition or more developed regions as defined in Article 82(2)(b) and (c) of Regulation (EU) No [ ]/2012 [CPR] in the 2014-2020 period, at least 60 % of the total ERDF resources at national level shall be allocated to each of the thematic objectives set in out in points 1, 3 and 4 of Article 9 of Regulation (EU) No […]/2012 [CPR]..
Amendment 352 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 1 – point b
Article 5 – paragraph 1 – point 1 – point b
(b) promoting business R&I investment in private and public businesses, product and service development, technology transfer, social innovation and public service applications, demand stimulation, networking, clusters and open innovation through smart specialisation
Amendment 394 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 3 – introductory part
Article 5 – paragraph 1 – point 3 – introductory part
(3) enhancing the competitiveness of enterprises, especially SMEs
Amendment 426 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 3 – point b a (new)
Article 5 – paragraph 1 – point 3 – point b a (new)
(b a) c) supporting the capacity of SMEs to engage in growth and innovation process;
Amendment 436 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 4 – introductory part
Article 5 – paragraph 1 – point 4 – introductory part
(4) supporting the shift towards a low- carbon economy and increased resource efficiency in all sectors:
Amendment 450 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 4 – point b
Article 5 – paragraph 1 – point 4 – point b
(b) promoting energy efficiency and renewable energy use in businesses, particularly SMEs;
Amendment 477 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 4 – point e
Article 5 – paragraph 1 – point 4 – point e
(e) promoting low-carbon strategies for urban and other territorial areas;
Amendment 611 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 8 – point a
Article 5 – paragraph 1 – point 8 – point a
(a) support for the development of business incubators and investment support for self-employment and business creation as well as productive investments in small and medium-sized enterprises (SMEs);
Amendment 639 #
2011/0275(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point 9 – point a
Article 5 – paragraph 1 – point 9 – point a
(a) investing in health as well as health enhancing physical activity and social infrastructure which contribute to national, regional and local development, reducing inequalities in terms of health status, and transition from institutional to community- based services;
Amendment 684 #
2011/0275(COD)
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. The ERDF shall support, within operational programmes, sustainable urban and other territorial development through strategies setting out integrated actions to tackle the economic, environmental, climate, demographic and social challenges affecting urban and other territorial areas.
Amendment 795 #
2011/0275(COD)
Proposal for a regulation
Annex - row 7 - column 3
Annex - row 7 - column 3
Private investment matching public support to enterprises, in particular SMEs (grants)
Amendment 796 #
2011/0275(COD)
Proposal for a regulation
Annex - row 8 - column 3
Annex - row 8 - column 3
Private investment matching public support to enterprises, in particular SMEs (non- grants)
Amendment 805 #
2011/0275(COD)
Proposal for a regulation
Annex - row 15
Annex - row 15
UNIT NAME Urban transport passenger Increase of passenger trips trips using supported urban transport servicedeleted
Amendment 140 #
2011/0273(COD)
Proposal for a regulation
Article 4 – paragraph 1 – introductory part
Article 4 – paragraph 1 – introductory part
1. Resources for the European territorial cooperation goal shall amount to 3,48 % of the global resources available for budgetary commitment from the Funds for the period 2014 to 2020 and set out in Article 83(1) of Regulation (EU) No[…/2012 [CPR] (i.e., a total of EUR 11 700 000 004xxx) and shall be allocated as follows:
Amendment 188 #
2011/0273(COD)
Proposal for a regulation
Article 6 – paragraph 1 – introductory part
Article 6 – paragraph 1 – introductory part
In addition to Article 5 of Regulation (EU) No […]/2012 [the ERDF Regulation], the ERDF shall support the sharing of human resources, facilities and infrastructures across borders under the different investment priorities, including in the fields of culture and tourism, as well as the following investment priorities within the thematic objectives:
Amendment 286 #
2011/0273(COD)
Proposal for a regulation
Article 7 – paragraph 2 – point e – point ii
Article 7 – paragraph 2 – point e – point ii
(ii) an assessment of the administrative burden for beneficiaries and the managing authorities and the actions planned to achieve a reduction of the administrative burden accompanied by targets;
Amendment 322 #
2011/0273(COD)
Proposal for a regulation
Article 11 – paragraph 4
Article 11 – paragraph 4
4. B Where possible, beneficiaries shall cooperate in the development, implementation, staffing and financing of operations unless there are specific reasons not to do so.
Amendment 49 #
2011/0268(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) At the same time, it is crucial to support the development and competitiveness of European small and medium-sized enterprises and to ensure that people can adapt, through acquiring appropriate skills and through lifelong learning opportunities, to new challenges such as the shift to a knowledge-based economy, the digital agenda, and the transition to a low-carbon and more energy-efficient economy. By pursuing its primary thematic objectives, the ESF should contribute to addressing these challenges. In this context, the ESF should support the labour force transition towards greener skills and jobs, in particular in the energy efficiency, renewable energy and sustainable transport sectors, taking into account the Union's intention to increase the proportion of the EU budget that is related to climate mainstreaming to at least 20%, with contributions from different policy fields.
Amendment 56 #
2011/0238(COD)
Proposal for a decision
Article 1 – paragraph 1
Article 1 – paragraph 1
1. This Decision establishes a mechanism for the exchange of information between Member States and the Commission with regard to intergovernmental agreements, in order to strive for consistent external actions in the field of energy, ensure coherence with Union law, and achieve the level of security of supply envisaged by the Union's long-term energy and climate objectives, including those described in the 2050 roadmaps.
Amendment 59 #
2011/0238(COD)
Proposal for a decision
Article 1 – paragraph 2
Article 1 – paragraph 2
2. Intergovernmental agreements which are already in their entirety subject to other specific notification procedures under Union law, except for intergovernmental agreements which shall be submitted to the Commission in accordance with Article 13(6) of Regulation (EU) No 994/2010, shall not be covered by this Decision. However, the Commission shall evaluate bilateral investment agreements between Member States and third countries regarding their specific energy provision which have relevance to the scope of this Decision, and shall submit a report to the European Parliament and the Council.
Amendment 88 #
2011/0238(COD)
Proposal for a decision
Article 3 – paragraph 2 a (new)
Article 3 – paragraph 2 a (new)
2a. Member States are not required to provide the Commission with information they consider confidential.
Amendment 108 #
2011/0238(COD)
Proposal for a decision
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
Where the assessment of a draft intergovernmental agreement results in a negative opinion, the Commission shall inform the European Parliament and provide the Member State concerned with a possible solution or specify the needs of re-negotiation which shall be taken duly into account by the Member State concerned.
Amendment 50 #
2011/0187(COD)
Proposal for a regulation
Recital 23
Recital 23
(23) Increased cooperation and coordination among mobile network operators should be established to technically enable the provision of separate roaming services and access to local data roaming services, and to ensure coordinated and sound technical evolution of the separate sale of roaming services in the Union. Therefore, guidelines detailing further the relevant basic principles and methodologies should be elaborated, in order to allow a rapid adaptation to changed circumstances and technological advancement. BEREC, in coordination with the Commission and in collaboration with the relevant stakeholders, should issue guidelines to develop the technical elements of a facility to enable the separate sale of roaming services and access to local data roaming services. The Commission could give a mandate to a European Standardisation Body for the amendment of the relevant standards that are necessary for the harmonised implementation of the facility.
Amendment 51 #
2011/0187(COD)
Proposal for a regulation
Recital 24 a (new)
Recital 24 a (new)
(24a) Operators should be encouraged to reach the objectives of the Digital Agenda for Europe even faster. In particular, the objective of differences between national and roaming tariffs to approach zero by 2015 should be promoted. Therefore, as an incentive, operators who are ready to make roaming offers that are equal to or only insignificantly higher than their national tariffs should be exempted from the obligation to implement the structural measures as regards separate sale of roaming services. National telecommunication regulators should grant such exemptions under strict conditions and be also able to withdraw the exemption in case of non-compliance. This system would also allow for more innovative offers such as 'roam like at home' or monthly fee-based offers that would be more transparent to the consumers and would not require any action from the consumers' side.
Amendment 76 #
2011/0187(COD)
Proposal for a regulation
Recital 67
Recital 67
(67) In order to improve the transparency of retail prices for making and receiving regulated roaming calls both within and outside the Union and to help roaming customers make decisions on the use of their mobile telephones while abroad, providers of mobile telephony services should enable their roaming customers easily to obtain information free of charge on the roaming charges applicable to them when making or receiving voice calls in a visited Member Statecountry. Moreover, providers should give their customers, on request and free of charge, additional information on the per- minute or per-unit data charges (including VAT) for the making or receiving of voice calls and also for the sending and receiving of SMS, MMS and other data communication services in the visited Member Statecountries. Since certain customer groups might be well informed about roaming charges operators should provide a possibility to easily opt- out from this automatic message service.
Amendment 81 #
2011/0187(COD)
Proposal for a regulation
Recital 69
Recital 69
(69) Moreover, measures should be introduced to improve the transparency of retail prices for data roaming services, in particular to eliminate the problem of ‘bill shock’ which constitutes a barrier to the smooth functioning of the internal market, and to provide roaming customers with the tools they need to monitor and control their expenditure on data roaming services. Equally, there should be no obstacles to the emergence of applications or technologies which can be a substitute for, or alternative to, roaming services, such as WiFi or local breakout mechanisms. Consumers should be provided with this information, thereby allowing them to make an informed choice.
Amendment 82 #
2011/0187(COD)
Proposal for a regulation
Recital 70
Recital 70
(70) In particular, mobile operators should provide their roaming customers with personalised tariff information on the charges applicable to those customers for data roaming services every time they initiate a data roaming service on entering another Member Statecountry. This information should be delivered to their mobile telephone or other mobile device in the manner best suited to its easy receipt and comprehension.
Amendment 84 #
2011/0187(COD)
Proposal for a regulation
Recital 71
Recital 71
(71) In order to facilitate customers' understanding of the financial consequences of the use of regulated data roaming services and to permit them to monitor and control their expenditure, the home provider should give examples for data roaming applications, such as e-mail, picture and web-browsing, by indicating their approximate size in terms of data usage.
Amendment 86 #
2011/0187(COD)
Proposal for a regulation
Recital 72
Recital 72
(72) In addition, in order to avoid bill shocks both for data roaming services within and outside the Union, mobile operators should define one or more maximum financial and/or volume limits for their outstanding charges for data roaming services, expressed in the currency in which the roaming customer is billed, and which they should offer to all their roaming customers, free of charge, with an appropriate notification when this limit is being approached. Upon reaching this maximum limit, customers should no longer receive and be charged for those services unless they specifically request continued provision of those services in accordance with the terms and conditions set out in the notification. Roaming customers should be given the opportunity to opt for any of these maximum financial or volume limits within a reasonable period or to choose not to have such a limit. Unless customers state otherwise, they should be put on a default limit system.
Amendment 90 #
2011/0187(COD)
Proposal for a regulation
Recital 74
Recital 74
(74) However, since the entry into force of the amendments introduced by Regulation (EC) No 544/2009, it has been observed that it is less probable that customers under pre-paid tariffs suffer from ‘bill shocks’ for the use of data roaming services, given that the amount of credit available is already chosen in advance. In addition, with the transitory Euro-data tariff with regulated rates for data roaming charges, these consumers will also benefit from additional protection against high prices for these services. For these reasons, the cut off limit provisions should not apply to customers under pre-paid contracts, except in cases where consumers have opted for a system that automatically tops up their credit.
Amendment 93 #
2011/0187(COD)
Proposal for a regulation
Recital 81
Recital 81
(81) The Commission should review the effectiveness of this Regulation in light of its objectives and the contribution to the implementation of the regulatory framework and the smooth functioning of the internal market. In this context, the Commission should consider the impact on the competitive position of mobile communications providers of different sizes and from different parts of the Union, the developments, trends and transparency in retail and wholesale charges, their relation to actual costs, the extent to which the assumptions made in the impact assessment that accompanied this Regulation have been confirmed and the costs of compliance of operators and the impact on the investments. The Commission should also, in the light of technological developments, consider the availability and quality of services which are an alternative to roaming (such as access through WIFI or through local breakout mechanisms).
Amendment 100 #
2011/0187(COD)
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
2. This Regulation also lays down rules aimed at increasing price transparency and improving the provision of information on charges to users of Union-wide roaming services within and outside the Union.
Amendment 107 #
2011/0187(COD)
Proposal for a regulation
Article 2 – paragraph 2 – point k
Article 2 – paragraph 2 – point k
(k) ‘regulated data roaming service’ means a roaming service enabling the use of packet switched data communications by a roaming customer by means of his mobile telephone or other mobile device while it is connected to a visited network. A regulated data roaming service does not include the transmission or receipt of regulated roaming calls or, SMS messages, but does include the transmission and receipt of or MMS messages;
Amendment 114 #
2011/0187(COD)
Proposal for a regulation
Article 2 – paragraph 2 – point o
Article 2 – paragraph 2 – point o
Amendment 123 #
2011/0187(COD)
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. With effect from 1 Julyne 2014, home providers shall inform all their roaming customers of the possibilityroaming customers shall have the right to unsubscribe from their existing roaming services and to opt for roaming services from an alternative roaming provider. The roaming customers shall be given a period of two months within which to make their choice known to their home provider. Roaming customers who have not expressed their choice within that period shall have the right to opt for an alternative roaming provider at any moment, in line with paragraphs 3 and at any moment, in line with paragraphs 3 and 4. Home providers shall inform all their existing roaming customers of this right before 1 June 2014.
Amendment 128 #
2011/0187(COD)
Proposal for a regulation
Article 4 – paragraph 4
Article 4 – paragraph 4
4. Any switch to or from an alternative roaming provider shall be free of charge and shall not entail conditions or restrictions pertaining to elements of the subscription other than roaming, and shall be carried out within fivetwo working days, save that where a roaming customer who has subscribed to a domestic package which includes roaming prices other than the Eurotariff, Euro-SMS tariff or Euro- data tariff, the home provider may delay the switch from the old to the new subscription concerning roaming services for a specified period not exceeding three months.
Amendment 134 #
2011/0187(COD)
Proposal for a regulation
Article 4 – paragraph 5
Article 4 – paragraph 5
5. At the time of making or renewing a contract on mobile communication services, home providers shall provide all customers individually with full information on the possibility to choose an alternative roaming provider and facilitateshall not hinder the conclusion of a contract with an alternative roaming provider. Customers concluding a contract with the home provider for roaming services shall explicitly confirm that they have been informed of such possibility. The providers of mobile communications services shall not prevent retailers serving as their points of sale to offer contracts for separate roaming services with alternative roaming providers.
Amendment 136 #
2011/0187(COD)
Proposal for a regulation
Article 4 – paragraph 5 a (new)
Article 4 – paragraph 5 a (new)
5a. Before 1 July 2013 operators may apply to their respective national regulator for an exemption from the obligation to sell roaming services separately. An exemption shall be granted if the operator commits to offer to all of its customers as of 1 June 2014 roaming tariffs that are equal to its respective national tariffs or that are at maximum 10% higher than its respective national tariffs. Operators may alternatively offer a tariff consisting of an additional monthly base charge covering all roaming services if they can show that average roaming costs to the respective customer group (corporate, post-paid or pre-paid) would not increase by more than 10%. If the national regulator grants the exemption, paragraphs 1 to 5 shall not be applicable to the operator and its customers. Operators, after being granted an exemption, shall communicate changes to their offers to the national regulator. The exemption shall be withdrawn by national regulator if the changed offers no longer meet the conditions set out in this paragraph. The operator shall be notified of a possible withdrawal of the exemption and shall be given three months to adapt its offers. An operator whose exemption is withdrawn shall implement paragraphs 1 to 5 within one year following the withdrawal. National regulators shall inform the European Commission of any exemption granted or withdrawn.
Amendment 148 #
2011/0187(COD)
Proposal for a regulation
Article 5 – paragraph 2
Article 5 – paragraph 2
For the purpose of separate sale of roaming services, operators shall make sure that facilities are in place by 1 Julyne 2014 at the latest, to ensure that the customer can use domestic mobile services and separate roaming services offered by an alternative roaming operator while keeping their mobile number. In order to enable the separate sale of roaming services, operators may in particular allow the use of a ‘EU roaming profile’ on the same SIM card and the use of the same terminal alongside domestic mobile services. Pricing for interconnection related to the provision of this facility shall be cost-orientated and there should be no direct charges to consumers for the use of this facility.
Amendment 157 #
2011/0187(COD)
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. The average wholesale charge that the operator of a visited network may levy from the customer's home provider for the provision of a regulated roaming call originating on that visited network, inclusive inter alia of origination, transit and termination costs, shall not exceed EUR 0,143 per minute as of 1 July 2012.
Amendment 166 #
2011/0187(COD)
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The average wholesale charge referred to in paragraph 1 shall apply between any pair of operators and shall be calculated over a twelve-month period or any such shorter period as may remain before the end of the period of application of a maximum average wholesale charge as provided for in this paragraph or the expiry of this Regulation. The maximum average wholesale charge shall decrease to EUR 0,10, EUR 0,07 and EUR 0,06 on 1 July 2013, on 1 July 20134 and on 1 July 20145 respectively. Without prejudice to Article 13, the maximum average wholesale charge shall remain at EUR 0,06 for the duration of this Regulation.
Amendment 172 #
2011/0187(COD)
Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1
Article 7 – paragraph 2 – subparagraph 1
The retail charge (excluding VAT) of a Eurotariff which a home provider may levy from its roaming customer for the provision of a regulated roaming call may vary for any roaming call but shall not exceed EUR 0,320 per minute for any call made or EUR 0,110 per minute for any call received as of 1 July 2012. The price ceiling for calls made shall decrease to EUR 0,28 and EUR 0,245, EUR 0,21, and EUR 0,18 on 1 July 2013, on 1 July 20134 and on 1 July 2014 5respectively, and for calls received to EUR 0,10 on 1 July 201308, EUR 0,07 and EUR 0,06 on 1 July 2013, on 1 July 2014 and 1 July 2015 respectively. Without prejudice to Articles 13 and 19 these regulated maximum retail charges for the Eurotariff shall remain valid until 30 June 2016.
Amendment 195 #
2011/0187(COD)
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. With effect from 1 July 2012, the retail charge (excluding VAT) of a Euro-SMS tariff which a home provider may levy from its roaming customer for a regulated roaming SMS message sent by that roaming customer may vary for any roaming SMS message but shall not exceed EUR 0,109. The price for a regulated roaming SMS shall decrease to EUR 0,07, and EUR 0,06, on 1 July 2013 and on 1 July 2014 respectively. Without prejudice to Articles 13 and 19, the regulated maximum retail charge for the Euro-SMS tariff shall remain at EUR 0,106 until 30 June 2016.
Amendment 209 #
2011/0187(COD)
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. The average wholesale charge that the operator of a visited network may levy from the customer's home provider for the provision of a regulated roaming call originating on that visited network, inclusive inter alia of origination, transit and termination costs, shall not exceed EUR 0,143 per minute as of 1 July 2012 .
Amendment 209 #
2011/0187(COD)
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
1. With effect from 1 July 2012 the average wholesale charge that the operator of a visited network may levy from the roaming customer's home provider for the provision of regulated data roaming services by means of that visited network shall not exceed a safeguard limit of EUR 0,230, EUR 0,217 as of 1 July 2013, EUR 0,10 as of 1 July 20134 and EUR 0,108 as of 1 July 20145 per megabyte of data transmitted. Without prejudice to Article 13 the maximum average wholesale charge for the provision of regulated data roaming services shall remain at EUR 0,108 per megabyte of data transmitted for the duration of this Regulation.
Amendment 216 #
2011/0187(COD)
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The average wholesale charge referred to in paragraph 1 shall apply between any pair of operators and shall be calculated over a twelve-month period or any such shorter period as may remain before the end of the period of application of a maximum average wholesale charge as provided for in this paragraph or the expiry of this Regulation. The maximum average wholesale charge shall decrease to EUR 0,10 and EUR 0,06 7, on 1 July 2013 and,on 1 July 2014 and 0,06 on 1 July 20145 respectively. Without prejudice to Article 13, the maximum average wholesale charge shall remain at EUR 0,06 for the duration of this Regulation.
Amendment 219 #
2011/0187(COD)
Proposal for a regulation
Article 12 – paragraph 2 – subparagraph 1
Article 12 – paragraph 2 – subparagraph 1
With effect from 1 July 2012, the retail charge (excluding VAT) of a Euro-data tariff which a home provider may levy from its roaming customer for the provision of a regulated roaming data shall not exceed EUR 0,970 per megabyte. The price ceiling for data used shall decrease to EUR 0,750, EUR 0,30 and EUR 0,50.25, per megabyte used on 1 July 2013, on 1 July 2014 and on 1 July 20145 respectively. Without prejudice to Articles 13 and 19, the regulated maximum retail charge shall remain at EUR 0,250, per megabyte used until 30 June 2016.
Amendment 229 #
2011/0187(COD)
Proposal for a regulation
Article 7 – paragraph 2 – subparagraph 1
Article 7 – paragraph 2 – subparagraph 1
2. The retail charge (excluding VAT) of a Eurotariff which a home provider may levy from its roaming customer for the provision of a regulated roaming call may vary for any roaming call but shall not exceed EUR 0,320 per minute for any call made or EUR 0,110 per minute for any call received as of 1 July 2012 . The price ceiling for calls made shall decrease to EUR 0,28 and5 on 1 July 2013, EUR 0,241 on 1 July 20134 and to EUR 0,18 on 1 July 20145 respectively, and for calls received to EUR 0,10 on 1 July 2013 08 on 1 July 2013, EUR 0,07 on 1 July 2014 and to EUR 0,06 on 1 July 2015. Without prejudice to Articles 13 and 19 these regulated maximum retail charges for the Eurotariff shall remain valid until 30 June 2016.
Amendment 237 #
2011/0187(COD)
Proposal for a regulation
Article 14 – paragraph 1 – subparagraph 1
Article 14 – paragraph 1 – subparagraph 1
To alert a roaming customer to the fact that he will be subject to roaming charges when making or receiving a call or when sending an SMS message, each home provider shall, except when the customer has notified his home provider that he does not require this service, provide the customer, automatically by means of a Message Service, without undue delay and free of charge, when he enters a Member Statecountry other than that of his home network, with basic personalised pricing information on the roaming charges (including VAT) that apply to the making and receiving of calls and to the sending of SMS messages by that customer in the visited Member Statecountry.
Amendment 245 #
2011/0187(COD)
Proposal for a regulation
Article 14 – paragraph 1 – subparagraph 2 – point b
Article 14 – paragraph 1 – subparagraph 2 – point b
(b) sending regulated roaming SMS messages while in the visited Member Statecountry.
Amendment 254 #
2011/0187(COD)
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. With effect from 1 July 2012 , the retail charge (excluding VAT) of a Euro-SMS tariff which a home provider may levy from its roaming customer for a regulated roaming SMS message sent by that roaming customer may vary for any roaming SMS message but shall not exceed EUR 0,10 shall decrease to EUR 0,09 on 1 July 2012, EUR 0,07 on 1 July 2013 and to EUR 0,06 on 1 July 2014. Without prejudice to Articles 13 and 19, the regulated maximum retail charge for the Euro-SMS tariff shall remain at EUR 0,106 until 30 June 2016.
Amendment 256 #
2011/0187(COD)
Proposal for a regulation
Article 15 – paragraph 1 – subparagraph 1
Article 15 – paragraph 1 – subparagraph 1
Home providers shall ensure that their roaming customers, both before and after the conclusion of a contract, are kept adequately informed of the charges which apply to their use of regulated data roaming services, in ways which facilitate customers' understanding of the financial consequences of such use and permit them to monitor and control their expenditure on regulated data roaming services in accordance with paragraphs 2 and 3. The safeguard mechanisms referred to in paragraph 3 shall not apply to pre-paid customersmachine to machine (M2M) services nor to pre-paid customers, except in cases where they have opted for an automatic topping-up mechanism.
Amendment 268 #
2011/0187(COD)
Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 1
Article 15 – paragraph 2 – subparagraph 1
An automatic message from the home provider shall inform the roaming customer that he is roaming and provide basic personalised tariff information on the charges applicable to the provision of regulated data roaming services to that roaming customer in the Member Statecountry concerned, except where the customer has notified his home provider that he does not require this information.
Amendment 273 #
2011/0187(COD)
Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 2
Article 15 – paragraph 2 – subparagraph 2
Such basic personalised tariff information shall be delivered to the roaming customer's mobile telephone or other device, for example by an SMS message, an e-mail or a pop-up window on the computer, every time the roaming customer enters a Member Statecountry other than that of his home network and initiates for the first time a regulated data roaming service in that particular Member Statecountry. It shall be provided free of charge at the moment the roaming customer initiates a regulated data roaming service, by an appropriate means adapted to facilitate its receipt and easy comprehension.
Amendment 276 #
2011/0187(COD)
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
1. With effect from 1 July 2012 the average wholesale charge that the operator of a visited network may levy from the roaming customer's home provider for the provision of regulated data roaming services by means of that visited network shall not exceed a safeguard limit of EUR 0,230, EUR 0,217 as of 1 July 2013, EUR 0,10 as of 1 July 20134 and EUR 0,108 as of 1 July 20145 per megabyte of data transmitted. Without prejudice to Article 13 the maximum average wholesale charge for the provision of regulated data roaming services shall remain at EUR 0,108 per megabyte of data transmitted for the duration of this Regulation.
Amendment 277 #
2011/0187(COD)
Proposal for a regulation
Article 15 – paragraph 3 – subparagraph 1
Article 15 – paragraph 3 – subparagraph 1
Each home provider shall grant to all their roaming customers the opportunity to opt deliberately and free of charge for a facility which provides information on the accumulated consumption expressed in volume or in the currency in which the roaming customer is billed for regulated data roaming services and which guarantees that, without the customer's explicit consent, the accumulated expenditure for regulated data roaming services over a specified period of use does not exceed a specified financial limit. This shall not apply in cases where a mobile telecommunication service provider in a visited country outside the Union does not allow the home provider to monitor their customers' usage on a real-time basis. In that case, the customer shall be notified accordingly by means of a Message Service, without undue delay and free of charge, when he enters concerned country.
Amendment 288 #
2011/0187(COD)
Proposal for a regulation
Article 12 – paragraph 2 – subparagraph 1
Article 12 – paragraph 2 – subparagraph 1
2. With effect from 1 July 2012, the retail charge (excluding VAT) of a Euro-data tariff which a home provider may levy from its roaming customer for the provision of a regulated roaming data shall not exceed EUR 0,970 per megabyte. The price ceiling for data used shall decrease to EUR 0,70 and50, EUR 0,530, per megabyte used on 1 July 2013 and on 1 July 2014 respectively, and to EUR 0,25 on 1 July 2015. Without prejudice to Articles 13 and 19, the regulated maximum retail charge shall remain at EUR 0,250, per megabyte used until 30 June 2016.
Amendment 295 #
2011/0187(COD)
Proposal for a regulation
Article 19 – paragraph 1 – introductory part
Article 19 – paragraph 1 – introductory part
1. The Commission shall review the functioning of this Regulation and, after a public consultation, shall report to the European Parliament and the Council no later than 30 June 20156. The Commission shall evaluate in particular whether the objectives of this Regulation have been achieved. In so doing, the Commission shall review, inter alia:
Amendment 14 #
2011/0177(APP)
Draft opinion
Point i
Point i
i. The amount of EUR 376 billion forUnderlines that the position of the European Parliament is that Cohesion pPolicy, as proposed by the Commission in its proposal for a regulation laying down the multiannual financial framework for the years 2014- 2020, should be considered as a funding should be maintained at least at the level of the 2007-2013 period, namely EUR 366, 8 billion in 2011 prices (excluding the Connecting Europe Facility), which is the absolute minimum sound level of sound funding and should, therefore, constitutes a red line in the future negotiationg position of the Parliament.
Amendment 191 #
2011/0172(COD)
Proposal for a directive
Recital 15
Recital 15
(15) The rate of building renovation needs to be increased, as the existing building stock represents the single biggest potential sector for energy savings. Moreover, buildings are crucial to achieving the EU objective of reducing greenhouse gas emissions by 80-95% by 2050 compared to 1990. Buildings owned by public bodies account for a considerable share of the building stock and have high visibility in public life. It is therefore appropriate to set an annual rate of renovation of all buildings owned by public bodies to upgrade their energy performanceTheir energy performance must therefore be upgraded. This renovation rate should be without prejudice to the obligations with regard to nearly- zero energy buildings set in Directive 2010/31/EU of the European Parliament and of the Council of 19 May 2010 on the energy performance of buildings. The obligation to renovate public buildings complements the provisions of that Directive, which requires Member States to ensure that when existing buildings undergo major renovation their energy performance is upgraded so that they meet minimum energy performance requirements.
Amendment 452 #
2011/0172(COD)
Proposal for a directive
Article 3 – paragraph 1
Article 3 – paragraph 1
1. Member States shall set a binding national energy efficiency target expressed as an absolute level of primary energy consumption in 2020. When setting these targets, they shall take into account the Union’s target of 20 % energy savings, the measures provided for in this Directive, the measures adopted to reach the national energy saving targets adopted pursuant to Article 4(1) of Directive 2006/32/EC and other measures to promote energy efficiency within Member States and at Union level.
Amendment 457 #
2011/0172(COD)
Proposal for a directive
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. Member States shall enjoy the greatest possible leeway in choosing measures and instruments to achieve the Union's overall target of 20 % energy savings, provided that the measures and instruments in question are consistent with the provisions of Article 19(2) and the principles of the ecological market economy and take account of previous efforts and environmentally-friendly behaviour.
Amendment 492 #
2011/0172(COD)
Proposal for a directive
Article 4 – paragraph 1
Article 4 – paragraph 1
1. Without prejudice to Article 7 of Directive 2010/31/EU, Member States shall ensure that as from 1 January 2014, 3 % of the total floor areathe Union's target of primary energy savings of 20 % by 2020 is achieved and, with that aim on view, may as from 1 January 2014 take measures to improve the energy performance of buildings owned by their public bodies is renovated each year to meet at least the minimum energy performance requirements set by the Member State concerned in application of Article 4 of Directive 2010/31/EU. The 3 % rate shall be calculated on the total floor area of build, in keepings with a total useful floor area over 250 m2 owned by the public bodies of the Member State concerned that, on 1 January of each year, does not meet the national minimum energy performance requirements set in application of Article 4 of Directive 2010/31/EUthe national energy efficiency target set in Article 3(1).
Amendment 659 #
2011/0172(COD)
Proposal for a directive
Article 6 – paragraph 1
Article 6 – paragraph 1
1. Each Member State shall set up an energy efficiency obligation scheme. This scheme shall ensure that either all energy distributors or all retail energy sales companies operating on the Member State's territory achieve annual energy savings equal to 1.5% of their energy sales, by volume, . The parties imposing the previous year iobligation tshat Member State excluding energy used in transport. This amount of energy savings shall be achieved by the obligated parties among final customersll encourage final customers to contribute to the EU’s energy efficiency target.
Amendment 78 #
2010/2305(INI)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Suggests to establish an internet- based platform for beneficiaries and local and regional stakeholders and government institutions to exchange best- practices, obstacles, problems and their possible solutions;
Amendment 81 #
2010/2305(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13a. Calls on the Commission to deliver at least an annual report containing information on the absorption of Regional and Structural Funds for each region enabling the European Parliament to monitor the implementation of Cohesion Policy;
Amendment 97 #
2010/2305(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Reiterates that multi-level governance and the partnership principle are key elements in the effectiveness of operational programmes and in high absorption capacity; recommends to the Members States that they consistently reinforce the partnership and transparency principle, while implementing the operational programmes, and that they involve the sub- national levelsregional and local levels and civil society from the outset in defining investment priorities, in the decision- making process itself and in the implementation of programmes;
Amendment 4 #
2010/2277(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Advocates coherence between the Union’s internal and external policies and its overall objectives, contributing to sustainable growth and employment in line with the EU 2020 strategy; urges that such coherence be pursued in the context of multilateral organisations and bilateral trade agreements through ex ante sustainable impact assessments (SIAs) and periodic ex post evaluations, the inclusion in agreements of clauses on human rights, social and environmental responsibility and corporate social responsibility (CSR) and their enforcement, with sanctions in the event of infringement;
Amendment 5 #
2010/2277(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Advocates coherence between the Union’s internal and external policies and its overall objectives, contributing to sustainable growth and employment in line with the EU 2020 strategy; urges that such coherence be pursued in the context of multilateral organisations and bilateral trade agreements through ex ante sustainable impact assessments (SIAs) and periodic ex post evaluations, the inclusion in agreements of clauses on human rights, social and environmental responsibility and corporate social responsibility (CSR) and their enforcement, with sanctions in the event of infringement; emphasizes that international trade agreements serve the purpose of harmonizing rules and standards in order to lower adjustment costs, especially for SME;
Amendment 24 #
2010/2277(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Considers it important to ensure market access, symmetry and transparency in public procurement procedures, in particular for SMEs, as well as security and predictability in relation to investments; deplores the fact that, by increasing competitive pressure among countries to attract foreign investors, as well as competition between corporations, globalisation has resulted, in some cases, in serious abuses of human rights and labour rights and in damage to the environment; points out that companies have duties, and calls for a binding CSR clause to be included in trade agreements.
Amendment 31 #
2010/2277(INI)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on the Commission to develop greater coordination between SME measures at the domestic and international level, and to identify and promote SMEs that have trade potential; considers that the Member States should do more to encourage SME use of existing initiatives and tools such as the market access database and the export helpdesk;
Amendment 20 #
2010/2245(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Underlines the need to detect sleeping innovators; points to the important role of intermediate organisations in detecting sleeping innovators, providing incentives, giving advice and supporting innovation; takes the view that these organisations should be strengthened and that a programme aimed at improving training, qualifications and expertise should be developed for them, and in the future the importance of models of dual professional education should rise;
Amendment 37 #
2010/2245(INI)
Draft opinion
Paragraph 6
Paragraph 6
6. Welcomes the proposal to launch European Innovation Partnerships as a tool to bring together stakeholders across policies, sectors and borders to speed up innovations in order to tackle major societal challenges; notes that the partnerships and the regional policy instruments addressing these challenges should be better aligned and that partnerships should capitalise on the experience gained with existing national and regional initiatives with similar features; calls for an improvement of the access for SME's for support for research and innovation;
Amendment 42 #
2010/2245(INI)
Draft opinion
Paragraph 7
Paragraph 7
7. Stresses that the full innovation potential of EU regions must be mobilised in order to meet the Europe 2020 objective of smart, sustainable and inclusive growth, and points out that future regional policy must treat this challenge as a major priority. This prioritization applies to all the objectives of regional policy, especially for the purpose of the "Regional competitiveness and employment" and the European transnational cooperation. It should be ensured, that the competitiveness of Europe is guaranteed by world standards.
Amendment 46 #
2010/2203(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Urges the Commission to develop the EU's investment strategy in a careful and coordinated manner drawing on the best practise of BITs; notes the divergence of content within Member State agreements and calls on the Commission to reconcile these divergences to provide a strong Union template for investment agreements;
Amendment 123 #
2010/2203(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Stresses that the EU's future policy must promote investment which is sustainable, respects the environment (particularly in the area of extractive industries) and encourages good quality working conditions in the enterprises targeted by the investment; asks the Commission to include, in all future agreements, a reference to the updated OECD Guidelines for Multinational Enterprises whilst maintaining investment protection;
Amendment 132 #
2010/2203(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Reiterates, with regard to the investment chapters in wider free trade agreements (FTAs), its call for a corporate social responsibility clause and legally binding social and environmental clauses to be included in every FTA the EU signs;
Amendment 137 #
2010/2203(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Requests that the Commission assesses how such clauses have been also be included in stand-alone investment agreements, in chapters to which the dispute settlement mechanism applieMember State BITs and to incorporate best practice into EU investment agreements;
Amendment 138 #
2010/2203(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
Amendment 159 #
2010/2203(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Is concerned that the Commission's geographical investment strategy is very limited and largely restricted to ongoing FTA negotiations; calls on the Commission, in cooperation with the European Parliament and the Council, to develop a more comprehensive strategy beyond the confines of FTA negotiations including developing and lesser developed countries
Amendment 162 #
2010/2203(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Endorses the principle that priority partners for future EU investment agreements shall be countries that have great market potential but where foreign investments need better protection; is therefore surprised that the first target for an investment agreement was Canada where the EU investments are already well protected;
Amendment 164 #
2010/2203(INI)
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Moreover notes that investment risk is generally higher in developing and lesser developed countries and that strong, effective investor protection in the form of investment treaties are key to protecting European investors and increasing FDI into these countries; considers increased investment in developing countries as essential for development and improving governance, and calls on the Commission to assess viable future partners, drawing on Member State experience with BITs;
Amendment 30 #
2010/2152(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Insists that the Union needs a coherent long-term trade strategy in order to respond to the challenges ahead; insists that such a strategy should be based on a thorough analysis of the current trends in world trade and the Union’s internal and external development; regrets that the Communication fails to deliver a profound forecast of how the ‘world of trade’ could look in a policy-planning perspective of ten or fifteen years; considers that this review should establish the Commission’s ambitions for its bilateral trading relationships over this period including a distinct geographical strategy, for example through the creation of new agreements or targets for eliminating tariffs and non-tariff barriers with its major trading partners;
Amendment 53 #
2010/2152(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Calls on the Commission and Member States to do more to promote and encourage the use of existing initiatives and tools available such as the ‘market access database’ and the ‘export helpdesk’, so that citizens and SMEs can take full advantage of the EU’s trading relations;
Amendment 84 #
2010/2152(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Reminds the Commission to carry out a better, impartial, more comprehensive and unprejudiced evaluation of European interests before deciding on future FTA partners and negotiation mandates; reminds the Commission and the Council to take seriously into account Parliament’s views when deciding about the mandates;
Amendment 98 #
2010/2152(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Reiterates that the strengthening of transatlantic economic relations must proceed; regrets that little progress has been achieved in the world’s biggest trade relationship, in particular in respect of standards and technical barriers to trade; welcomes the re launching of the TEC and encourages the parties to the TEC to strive for an integrated transatlantic marketplace in the very near future; but considers that, to be successful, this dialogue needs to be further intensified at all levels and that high-level meetings should occur on a more regular basis with the participation of the European Parliament;
Amendment 119 #
2010/2152(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Reiterates that the pursuit of further trade liberalisation makes it all the more necessary for the EU to preserve its ability to protect itself against unfair trading practices; regards Trade Defence Instruments (TDI) therefore as an indispensable component of the EU’s strategy; welcomes all efforts to streamline its TDI procedures and accessibility for Union industry, especially SMEs such as the market access helpdesk complaint tool;
Amendment 143 #
2010/2152(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Puts the protection of investors as the first priority in light of the future European investment policy; asks the Commission, therefore, to secure the legal certainty of the protection granted by existing BITs and to resolve existing conflicts on the internal marketfor EU investors; calls on the Council to give its mandates for future investment agreements to the Commission, taking into account Parliament’s views and positions as set out in the report by Kader Arif on ‘Future European International Investment Policy’;
Amendment 167 #
2010/2152(INI)
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29a. Recalls that micro-enterprises and small and medium-sized enterprises represent 99 % of all enterprises in the EU and have great potential to create new jobs and innovation; therefore, considers that internal and external policies should better address their specific needs to enhance their competitiveness; a special focus has to be laid upon the improvement of the EU cohesion funds in terms of accessibility and transparency in order to boost the competitiveness of SMEs.
Amendment 193 #
2010/2152(INI)
Motion for a resolution
Paragraph 33
Paragraph 33
33. Calls on the Commission to pursue a consistent trade polic, comprehensive and cross- policy strategy concerning raw materials; withs therade chapter should aim ofat the elimination of unfair trade practices such as export restrictions, export taxes and so- called dual pricing mechanisms at multilateral and bilateral level;
Amendment 19 #
2010/2095(INI)
Motion for a resolution
Recital B
Recital B
B. whereas maintaining global leadership of European industry is only possible through new technologies/processes/solutions, R&D, a sophisticated supply-chain, better efficiency, strong human resources, good logistics and infrastructure, and a level playing field in trade relations with third countries as cost-cutting is not the way forward for industry in Europe,
Amendment 61 #
2010/2095(INI)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Highlights the importance of European manufacturing to strengthen the foundations of the European economy;
Amendment 75 #
2010/2095(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Calls on the Commission to develop, together with the European Parliament and the Council, a qualitative and, where possible, quantitative vision for European industry in 2020, which looks towards sustainable development in the long term and lays down guidelines, for example for energy and resource efficiency, with a view to ensuring that European industry becomes more stable and competitive and jobs are created as a result;
Amendment 78 #
2010/2095(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that EU industrial policy should be rooted in social market economy; points out that its aim should be to reduce transaction costs and administrative burdens in order to foster a competitive and sustainable industry in Europe;
Amendment 155 #
2010/2095(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for research expenditure for the upcoming programming period from 2013 (RDP 8) to be significantly increased (EU target for public funding: 1% of GDP). Notes that, alongside strongly process- oriented research and innovation, research in basic cross-sectoral technologies is needed and,; in addition, thatprocedures, especially the application proceduress must be simplified in order to increase absorption problems;
Amendment 168 #
2010/2095(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses the success of the Risk Sharing Financial Facility (RSFF) as an important way of providing research funding for SMEs via the EIB, and strongly encourages the Commission to make significantly more funds available to the RSFF; also stresses the importance of making innovation programmes more accessible for SME by decreasing bureaucratic burdens;
Amendment 169 #
2010/2095(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Stresses the success of the Risk Sharing Financial Facility (RSFF) as an important way of providing research funding for SMEs via the EIB, and strongly encourages the Commission to make significantly more funds available to the RSFF; also stresses the importance of making innovation programmes more accessible for SME by decreasing bureaucratic burdens;
Amendment 187 #
2010/2095(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Recalls that, representing as it does an annual 17% of GDP in the EU, public procurement is a powerful instrument for stimulating innovation; points out that competitors such as China and the USA have set ambitious targets for public procurement of innovative and environmental products, and calls for similar t; recalls that some partners have still not granted equal reciprocal market access to their public procurement margket setting in the EUs for our industry despite the opening of our market to their industry;
Amendment 210 #
2010/2095(INI)
Motion for a resolution
Paragraph 13 – indent 4 a (new)
Paragraph 13 – indent 4 a (new)
· an incorporation of and respect for national raw material initiatives;
Amendment 237 #
2010/2095(INI)
Motion for a resolution
Paragraph 14 – indent 4
Paragraph 14 – indent 4
- ensuring adequate provision of raw materials through fair trade agreements and strategic partnerships, unrestricted access to raw materials and rare earth metals through fair trade agreements and strategic partnerships, including those partners with whom the Commission has signed free trade agreements or is in the process of negotiating free trade agreements; such agreements should always include a ban on export restriction of raw material and rare earth,
Amendment 245 #
2010/2095(INI)
Motion for a resolution
Paragraph 14 – indent 4 a (new)
Paragraph 14 – indent 4 a (new)
- intensify exchanges with partners such as Japan and the US on access to raw materials though bilateral dialogues but also with key raw materials producing countries such as China and Russia,
Amendment 250 #
2010/2095(INI)
Motion for a resolution
Paragraph 14 – indent 4 b (new)
Paragraph 14 – indent 4 b (new)
- a regular and more offensive dialogue with African countries on raw materials and rare earth,
Amendment 256 #
2010/2095(INI)
Motion for a resolution
Paragraph 14 – indent 5 a (new)
Paragraph 14 – indent 5 a (new)
- regular impact assessments of anticipated demand for – and criticality and supply risks of – raw materials and rare earth (including potential shortages, price increases, etc.) and the consequences for the EU economy in general and businesses in particular; the list of raw materials and rare earths covered should be updated regularly,
Amendment 260 #
2010/2095(INI)
Motion for a resolution
Paragraph 14 – indent 5 b (new)
Paragraph 14 – indent 5 b (new)
- monitoring production forecast from third countries and the operating conditions of the raw materials global markets,
Amendment 312 #
2010/2095(INI)
Motion for a resolution
Paragraph 16 – indent 4 a (new)
Paragraph 16 – indent 4 a (new)
- more mobility and flexibility in vocational and educational training both for employers and employees, taking into account the individual requirements especially of SME;
Amendment 313 #
2010/2095(INI)
Motion for a resolution
Paragraph 16 – indent 4 a (new)
Paragraph 16 – indent 4 a (new)
- more mobility and flexibility in vocational and educational training both for employers and employees, taking into account the individual requirements especially for SME,
Amendment 348 #
2010/2095(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Stresses the importance of creating the right framework for industry to remain in Europe and to further improve its global competitiveness; believes, therefore, that EU policies should be based on robust impact assessments which analyze all angles of the economic, societal and environmental benefits of EU policies;
Amendment 361 #
2010/2095(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Calls for efforts to be stepped up with a view to creating without delay a Community patent in order to improve the framework conditions for industrial property rights, implementing a reform of standardisation methods and bringing about international standardisation in order to safeguard technological leadership; keeping bureaucratic costs at a minimum enables SME to stay competitive (especially in regards to translation costs of patents);
Amendment 415 #
2010/2095(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. CStresses that trade is one of the cornerstones of a successful industrial policy and therefore calls for future trade agreements to be drawn up in such a way that they form part of an industrial strategy based on fair competition in the developed and developing worlds; the principle of sustainable development must be comprehensively applied, and social and environmental standards incorporated in free trade agreements; steps must be taken to ensure that European industries are not endangered by unfair practic and full reciprocity; believes that a new trade policy is needed which further promotes manufacturing in Europe and does not incentivize businesses to delocalize; takes the view, therefore, that the EU should request full tariff dismantling from its trading partners, a full removal of non- tariff barriers to trade, not allow a weakening of rules of origin and not authorize the use of duty drawback; the principle of sustainable development must be comprehensively applied, and social and environmental standards incorporated in free trade agreements while not overburdening trade agreements with non-trade related standards; to that end, the Commission should also monitor the environmental legislation, state aid rules and other support programmes, as is currently hapdopted by third countries compenting in the solar energy industrywith the EU;
Amendment 489 #
2010/2095(INI)
Motion for a resolution
Paragraph 28 – indent 1
Paragraph 28 – indent 1
• innovation clusters and networks should be given greater support, enabling knowledge and technological transfer and research, better training and the infrastructure to be promoted in a coordinated way; this should also be a priority for the European Regional Development Fund,
Amendment 492 #
2010/2095(INI)
Motion for a resolution
Paragraph 28 – indent 2
Paragraph 28 – indent 2
• regional network structures such as metropolitan and rural regions should receive EU assistance with promoting their industrial base,
Amendment 38 #
2010/0197(COD)
Proposal for a regulation
Recital 5
Recital 5
(5) In the interest of EU investors and their investments in third countries, and of Member States hosting foreign investors and investments, bilateral agreements that specify and guarantee the conditions of investment should be maintained in forceremain binding on the parties under public international law and should be maintained in force unless withdrawn in accordance with Article 6.
Amendment 63 #
2010/0197(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) The Commission should be able to withdraw the authorisation if an agreement conflicts with the law of the Union other than the incompatibilities arising from the allocation of competence between the Union and its Member States. The authorisation may also be withdrawn if an agreement of the Union in force with a third country contains investment provisions similar to those of a Member State agreement. In order to ensure that agreements of Member States do not undermine the development and implementation of the Union's policies relating to investment, including in particular of autonomous measures of common commercial policy, authorisation may be withdrawn. Finally, should the Council not take a decision on the authorisation to open negotiations concerning investment within one year of the submission of a recommendation by the Commission pursuant to Article 218(3) of the Treaty, the possibility would exist to withdraw the authorisation.
Amendment 75 #
2010/0197(COD)
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13a) As foreign direct investment is an exclusive Union competence, the authorisation for Member States to conclude new bilateral agreements should only be granted in exceptional circumstances where there is no added value in an agreement of the Union. The Commission shall refuse authorisation for such agreements if one or more Member States express their interest in an agreement of the Union with the third country concerned or if the agreement contravenes the development of Union policy relating to investment.
Amendment 77 #
2010/0197(COD)
Proposal for a regulation
Recital 15
Recital 15
(15) Agreements between Member States relating to investment shouldare not be covered by this Regulation.
Amendment 79 #
2010/0197(COD)
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16a) The Member States and Commission should take all necessary measures to ensure that the Commission is allowed to participate to the broadest possible extent in dispute settlement procedures initiated under a bilateral investment agreement of a Member State where those disputes involve EU law.
Amendment 112 #
2010/0197(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point c
Article 5 – paragraph 1 – point c
Amendment 133 #
2010/0197(COD)
Proposal for a regulation
Article 5 – paragraph 4 a (new)
Article 5 – paragraph 4 a (new)
4a. Where the review concludes that an agreement breaches paragraphs 1(a) or 1(b), the Commission shall mandate the Member State concerned to renegotiate that agreement and provide assistance in the negotiations to that Member State. If the Member State fails to conclude a new agreement, the Commission shall withdraw the authorisation in accordance with Article 6 and, if appropriate, propose a negotiating mandate to the Council for an agreement of the Union in accordance with Article 207(3) of the Treaty. The Commission shall keep the European Parliament immediately and fully informed at all stages of the procedure.
Amendment 149 #
2010/0197(COD)
Proposal for a regulation
Article 6 – paragraph 1 – point c
Article 6 – paragraph 1 – point c
Amendment 163 #
2010/0197(COD)
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. The notification shall include relevant documentation and an indication of the provisions to be addressed in the negotiations, the objectives of the negotiations and any other relevant information. In the case of amendments to an existing agreement, the notification shall indicate the provisions that are to be renegotiated. In the case of the conclusion of a new agreement, the Member State concerned shall provide written justification for the necessity of a bilateral agreement with the third country concerned rather than an agreement of the Union.
Amendment 164 #
2010/0197(COD)
Proposal for a regulation
Article 8 – paragraph 3 a (new)
Article 8 – paragraph 3 a (new)
3a. Where a Member State intends to conclude a new agreement with a third country relating to investment, the Commission shall consult the other Member States within thirty days to determine whether there would be added value in an agreement of the Union. If one or more Member States indicate their interest in an agreement of the Union, the Commission shall take a decision in accordance with Article 9(1a).
Amendment 165 #
2010/0197(COD)
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
4. The notification referred to in paragraph 1 shall be transmitted at least five calendar months before formal negotiations to amend an existing agreement are to commence with the third country concerned. Where a Member State intends to conclude a new agreement, the notification shall be transmitted at least six calendar months before the formal negotiations are to commence with the third country concerned.
Amendment 169 #
2010/0197(COD)
Proposal for a regulation
Article 9 – paragraph 1 a (new)
Article 9 – paragraph 1 a (new)
1a. Where a Member State intends to conclude a new agreement the Commission shall withhold authorisation if, in accordance with Article 8 (3a), one or more Member States indicate their interest in concluding an investment agreement of the Union with the third country concerned.
Amendment 177 #
2010/0197(COD)
Proposal for a regulation
Article 9 – paragraph 3 a (new)
Article 9 – paragraph 3 a (new)
3a. If the Commission takes a decision in accordance with paragraph 1a it shall propose a negotiating mandate to the Council in accordance with Article 207 (3) of the Treaty. The Commission shall keep the European Parliament immediately and fully informed at all stages of the procedure.
Amendment 40 #
2010/0032(COD)
Proposal for a regulation
Recital 13 d-f (new)
Recital 13 d-f (new)
(13d) Article 11.1(2) of Chapter Eleven of the Agreement establishes a requirement that the Parties maintain in their respective territories comprehensive competition laws which effectively address restrictive agreements, concerted practices and abuse of dominance by one or more enterprises. (13e) Article 11.6(2) of Chapter Eleven establishes an obligation on the Parties to co-operate in relation to their respective enforcement policies and in the enforcement of their respective competition laws, including through enforcement cooperation, notification, consultation and exchange of non- confidential information based on the Agreement between the European Community and the Government of the Republic of Korea concerning cooperation on anti-competitive activities signed on 23 May 2009 (the "Cooperation Agreement"). (13f) The purpose of the Cooperation Agreement is to contribute to the effective enforcement of the competition laws of each Party through promoting cooperation and coordination between the competition authorities of the Parties.
Amendment 47 #
2010/0032(COD)
Proposal for a regulation
Article 1 – paragraph a
Article 1 – paragraph a
(a) "Union industry" means the Union producers as a whole of the like or directly competitive products operating within the territory of the Union, or those Union producers whose collective output of the like or directly competitive products constitutes a major proportion of the total Union production of those products. In the case where the like or directly competitive product is only one of several products that are made by the producers who constitute the Union industry, the industry shall be defined as the specific operations that are involved in the production of the like or directly competitive product;
Amendment 51 #
2010/0032(COD)
Proposal for a regulation
Article 1 - paragraph d
Article 1 - paragraph d
Amendment 52 #
2010/0032(COD)
Proposal for a regulation
Article 1 - paragraph f (new)
Article 1 - paragraph f (new)
(f) “such conditions as to cause or threaten to cause” includes such factors as the production capacity, utilization rates, currency practices and labour conditions of a third country with regard to the manufacturing of components and materials incorporated into the product concerned.
Amendment 61 #
2010/0032(COD)
Proposal for a regulation
Article 1 - paragraph g (new)
Article 1 - paragraph g (new)
(g) "Regional industry" means the producers as a whole of the like or directly competitive products operating within the territory of one or more regions in the Union, or those producers whose collective output of the like or directly competitive products constitutes a major proportion of the total production of those products in one or more regions;
Amendment 65 #
2010/0032(COD)
Proposal for a regulation
Article 2 - paragraph 1
Article 2 - paragraph 1
1. A safeguard measure may be imposed in accordance with the provisions set out in this Regulation where a product originating in Korea is, as a result offollowing the reduction or the elimination of the customs duties on that product, being imported in the Union in such increased quantities, in absolute terms or relative to domestic production, and under such conditions as to cause or threaten to cause serious injury to the Union industry or to the regional industry producing a like or directly competitive product.
Amendment 72 #
2010/0032(COD)
Proposal for a regulation
Article 2 a (new)
Article 2 a (new)
Article 2a Monitoring The Commission will monitor the evolution of import and export statistics of Korean products, and will cooperate and exchange data on a regular basis with Member States, the European Parliament and the Union industry. The Commission will ensure that Member States provide adequate and good quality statistical data diligently.
Amendment 76 #
2010/0032(COD)
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. An investigation shall be initiated upon request by a Member State, a Union industry and its members or on the Commission’s own initiative if it is apparent to the Commission that there is sufficient evidence to justify such initiation.
Amendment 77 #
2010/0032(COD)
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1a. The request to initiate an investigation shall contain evidence of the meeting of the conditions for imposing the safeguard measure within the meaning of Article 2(1). The request should generally contain the following information: the rate and amount of the increase in imports of the product concerned in absolute and relative terms, the share of the domestic market taken by increased imports, changes in the level of sales, production, productivity, capacity utilisation, profits and losses and employment.
Amendment 81 #
2010/0032(COD)
Proposal for a regulation
Article 3 - paragraph 1 b (new)
Article 3 - paragraph 1 b (new)
1b. An investigation shall be initiated if the volume of Korean automotive imports into the Union increases by more than 5 percent on an annual basis, for such time as the overall import penetration of the Korea automotive market is lower than 20 percent.
Amendment 82 #
2010/0032(COD)
Proposal for a regulation
Article 3 - paragraph 2
Article 3 - paragraph 2
2. The Member States or the Union industry shall inform the Commission should trends in imports from the Republic of Korea appear to call for safeguard measures. That information shall include the evidence available as determined on the basis of factors laid down in Article 4. The Commission shall pass that information on to all Member States within three working days.
Amendment 85 #
2010/0032(COD)
Proposal for a regulation
Article 3 c (new)
Article 3 c (new)
3c. Trade barriers in the home market of a trading partner tend to support exports from that market to the European Union and thereby generate the conditions for the application of safeguard measures. There is reason to believe that the Korean automotive market is highly protected and that global penetration of the Korean automotive market considerably lags the average global penetration of automotive markets throughout the OECD. The Commission should exercise particular vigilance in administering safeguard measures with respect automotive products, for such time as the overall import penetration of the Korean automotive market is lower than 20 percent.
Amendment 99 #
2010/0032(COD)
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. Provisional safeguard measures shall be applied in critical circumstances where a delay would cause damage which it would be difficult to repair, pursuant to a preliminary determination that there is clearsufficient evidence that imports of an originating good from the Republic of Korea have increased as the result of the reduction or elimination of a customs duty under the Agreement, and such imports cause serious injury, or threat thereof, to the domestic industry. Provisional measures shall be taken on the basis of the procedure referred to in Article 11.1.
Amendment 103 #
2010/0032(COD)
Proposal for a regulation
Article 8
Article 8
Duration and review of safeguard measures 1. A safeguard measure shall remain in force only for such period of time as may be necessary to prevent or remedy the serious injury and to facilitate adjustment. That period shall not exceed twofour years, unless it is extended under paragraph 2. 2. The initial period of duration of a safeguard measure may exceptionally be extended by up to twofour years provided it is determined that the safeguard measure continues to be necessary to prevent or remedy serious injury and to facilitate adjustment and that there is evidence that the industry is adjusting. 3. Extensions shall be adopted in accordance with the procedures of this Regulation applying to investigations and using the same procedures as the initial measures. The total duration of a safeguard measure may not exceed foureight years, including any provisional measure. 4. A safeguard measure shall not be applied beyond the expiration of the transition period, except with the consent of the Republic of Korea.
Amendment 121 #
2010/0032(COD)
Proposal for a regulation
Article 11 a (new)
Article 11 a (new)
Article 11a Competition 1. The European Commission shall use its powers under Article 3 of the Cooperation Agreement to obtain information about the presence of anticompetitive activities (as defined in the Cooperation Agreement) in the industrial sector in the Republic of Korea. 2. The European Commission shall determine whether there is a reasonable indication that anticompetitive practices are present in the industrial sector in the Republic of Korea, and shall report to the European Parliament its conclusion on this matter and the results of its enquiries under paragraph 1, subject to requirements of preserving the confidentiality and business secrets of private undertakings. 3. If the enquiries under paragraphs 1 and 2 lead the European Commission to determine that there is a reasonable indication that anti-competitive activities are present in an industrial sector in the Republic of Korea, then the European Commission shall exercise its powers to request that the KFTC take appropriate enforcement activities pursuant to Article 6 of the Cooperation Agreement.
Amendment 122 #
2010/0032(COD)
Proposal for a regulation
Article 11 b (new)
Article 11 b (new)
Amendment 127 #
2010/0032(COD)
Proposal for a regulation
Article 11 c (new)
Article 11 c (new)
Amendment 128 #
2010/0032(COD)
Proposal for a regulation
Article 11 d (new)
Article 11 d (new)
Article 11d Discriminatory Taxation Measures 1. The Commission shall determine whether Korean tax measures affecting de facto or de jure Union industry automotive products violate the TBT Agreement or Chapter 4 of the Agreement and issue a report to the European Parliament and the Council. 2. In particular, the report shall specify: (a) whether such violation amounts to a "trade obstacle," as defined in Article 2(1) of Council Regulation (EC) No 3286/94 of 22 December 1994 laying down Community procedures in the field of common commercial policy in order to ensure the exercise of the Community's rights under international trade rules, in particular those established under the auspices of the World Trade Organization ("Trade Barriers Regulation"); and (b) in the event that such violation amounts to a “trade obstacle,” a recommendation as to the appropriate course of action, in particular whether an investigation under the Trade Barriers Regulation, consultations under the WTO Dispute Settlement Understanding or Chapter 14 of the Agreement, are warranted. (c) in the event that such a violation does not amount to a “trade obstacle,” a recommendation as to the appropriate course of action for addressing and mitigating the effects of Korean tax measures on Union industry automotive products. 3. If, following this report, the Commission initiates an investigation under the Trade Barriers Regulation, any affirmative finding of the existence of "trade obstacle" in the report shall be binding and the investigation shall focus on other elements necessary for EU action under the Trade Barriers Regulation, such as injury and adverse trade effects.
Amendment 129 #
2010/0032(COD)
Proposal for a regulation
Article 11 e (new)
Article 11 e (new)
Article 11e Transition Period for Authorities Within 6 months of the coming into force of the Agreement, the Commission shall present to the Council and the European Parliament a report on the effect of the transition period afforded to the parties for bringing certain technical regulations on automotive products, set out in Appendix 2-C-2 and 2-C-3 of the Agreement, into compliance with international standards, reach a conclusion on the extent to which this extended period of transition will cause competitive harm to the Union automotive industry, and express an opinion on the desirability and the feasibility of accelerating compliance by both parties to a 1-year period.
Amendment 130 #
2010/0032(COD)
Proposal for a regulation
Article 11 f (new)
Article 11 f (new)
Amendment 34 #
2009/2243(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls on the Commission to carry out a study on how applying for support under the various programmes can be made easier using computer programs with standardised manuals;
Amendment 67 #
2009/2243(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Acknowledges that both shared and centralised management require specific rules, underlines, however, the need to harmonise the rules governing different instruments; calls on the Commission to explore possibilities to that end, without prejudice to competences of Member States and regions under shared management; acknowledges that the centrally managed, top-down approach of FP7 and CIP aimed at encouraging European excellence in research and development and the decentralised, bottom-up approach of cohesion policy aimed at encouraging territorial diversity and regional technology transfer each have their own merits; calls for the specific strengths of both support pillars to be promoted at the same time as making use of synergies; emphasises that the strength of cohesion policy lies in offering easily accessible support, and providing improved access to research, transfer of technology and innovation oriented towards practical application, to small and medium-sized enterprises in particular on a wide scale.
Amendment 25 #
2009/2234(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Acknowledges the significant problem posed by the reduction in the contribution of national co-financing to programmes, which affects Objective 2, due to the major financial problems of many Member States, and supports Commission policy regarding a ‘100% compensation’ option, following a request by Member States concerning their public expenditure share in co-financed projectbut considers the 100% financing proposed by the Commission to be excessive, since it takes away the incentive for the Member States to ensure that the supported measures are effective and efficient through national co-financing, and concurs with the view taken by the Council, which rejects ‘frontloading’ as its stands;
Amendment 36 #
2009/2234(INI)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Supports the Council’s proposal to increase advances for 2010 by 4% in the case of the ESF and by 2% in the case of the Cohesion Fund, but only for Member States whose GDP has fallen by more than two digits or have received IMF balance-of-payments support; calls on the Commission to study the causes of the delays in implementation and to find flexible solutions for the n+2/n+3 rules, so that funds are not forfeited to the Member States;
Amendment 43 #
2009/2234(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes the support measures for undertakings under the cohesion policy (approximately EUR 55 billion between 2007 and 2013), most of which concerns strengthening innovation, technology transfer and modernisation of SMEs, and understands that the proposed measures under the intervention in favour of undertakings must be targeted at their long- term restructuring outcomes and not at fire- fighting interventions for economic survival, which in many cases are incompatible with State aid policies;
Amendment 49 #
2009/2234(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls on the Commission and the Member States to monitor, on a continuous basis, the impact of the crisis in various structural and development fields and the use made of the opportunities offered by the financing instruments earmarked for Objective 2 primarily to support competitiveness and employment, with an emphasis on entrepreneurship and SMEs; there is great potential in the development of renewable energies;
Amendment 54 #
2009/2234(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 4 #
2009/2175(INI)
Draft opinion
Point 1 a (new)
Point 1 a (new)
1a. Stresses that a sound government procurement framework is a precondition for a fair and free competition-oriented market and helps to fight corruption;
Amendment 7 #
2009/2175(INI)
Draft opinion
Point 2
Point 2
2. Believes that a plurilateral agreement such as the Government Procurement Agreement (GPA) is the best tool to ensure a level playing field for European enterprises in regarding market access to public procurement at international level; therefore urges the Commission to continue its efforts to conclude the ambitious GPAclude the negotiations on the provisional text that was agreed upon in 2006 as a revised version of the GPA that entered into force in 1996;
Amendment 9 #
2009/2175(INI)
Draft opinion
Point 2 a (new)
Point 2 a (new)
2a. Notes that apart from the EFTA countries (Norway, Liechtenstein and Iceland) no other party to the GPA was able to meet the Commission's requests for coverage in the GPA;
Amendment 12 #
2009/2175(INI)
Draft opinion
Point 3 a (new)
Point 3 a (new)
3a. Urges the 22 observer states on the GPA committee to speed up the process of acceding to the GPA; specifically urges Least Developed Countries (LDCs) to reconsider opening special negotiations to join the GPA;
Amendment 15 #
2009/2175(INI)
Draft opinion
Point 4
Point 4
4. Regrets that our international partners have not yet opened up their internal public procurement markets to EU companies in the same way that the EU internal market is open to third-country enterprises; deeply deplores the fact that our major trading partners employ public procurement practices which discriminate against EU suppliers tendering for public contracts in third countries; deplores the fact that some key trading partners (including GPA members) take protectionist measures in the area of public procurement;
Amendment 17 #
2009/2175(INI)
Draft opinion
Point 4 a (new)
Point 4 a (new)
Amendment 4 #
0112/2167(DEC)
Draft opinion
Paragraph 2
Paragraph 2
2. Draws attention to the multiannuality of the cohesion policy management system and underlines that the final evaluation of irregularities related to the policy implementation will be possible only at the closure of the programming period; supports the commitment of the Commission to focus its efforts on the most risky programmes and Member States and is looking forward to the final results of the reinforced control provisions at the closure of the 2007-2013 programming period; suggests that the control procedure should include checking not only whether expenditure is lawful but also how it affects the regional economy;