53 Amendments of Dominique RIQUET related to 2016/0276(COD)
Amendment 40 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) In its EFSI-supported special activities the EIB makes systematic use of participation in risk-sharing instruments with its co-investors. The EIB is therefore called upon, as part of those activities, to intervene by providing first loss guarantees, where necessary and relevant, in order to optimise the additionality of the EFSI facility and mobilise more private funds.
Amendment 45 #
Proposal for a regulation
Recital 4
Recital 4
(4) The EFSI, implemented and co- sponsored by the EIB Group, is firmly on track to deliver the objective of mobilising at least EUR 315 billion in additional investments in the real economy by mid- 2018. TheIt is already clear, however, that market absorption has been particularly quicker under the SME Window, where the EFSI is delivering well beyond expectations, than under the Infrastructure and Innovation Window because of the different nature of such projects. In July 2016 the SME Window was thus scaled-up by EUR 500 million within the existing parameters of Regulation (EU) No 2015/1017. A larger share of financing to be geared towards SMEs given the exceptional market demand for SME financing under the EFSI: 40% of the increased risk bearing capacity of the EFSI should be geared towards increasing access to financing for SMEs.
Amendment 47 #
Proposal for a regulation
Recital 5
Recital 5
(5) On 28 June 2016, the European Council concluded that “The Investment Plan for Europe, in particular the European Fund for Strategic Investments (EFSI), has already delivered concrete results and is a major step to help mobilise private investment while making smart use of scarce budgetary resources. The Commission intends to soon put forward proposals on the future of the EFSI, which should be examined as a matter of urgency by the European Parliament and the Council.” Furthermore, taking into consideration the remaining low-risk appetite of investors, the Commission should undertake others ambitious initiatives to help mobilise private investment and proceed with the introduction of the necessary regulatory transformations in order to allow financial institutions to take more infrastructure projects into their portfolios, including further financing of SMEs, while making smart use of scarce budgetary resources.
Amendment 47 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) In order to improve the performance of the EFSI at both national and regional level, there is a need to step up cooperation between the EIB, which steers the EFSI, and the national promotional banks.
Amendment 48 #
Proposal for a regulation
Recital 10 b (new)
Recital 10 b (new)
(10b) The rules in force on flexibility and the implementation of the stability and growth pact1a restrict the Member States’ capabilities – under the preventive, and particularly the corrective, arm of the pact – to co-finance projects that are also co-financed by the EFSI. There needs to be general interinstitutional debate on whether or not to change the way in which those indirect national contributions are treated in the Commission’s application of the pact. _________________ 1a COM(2015)12 final
Amendment 55 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union’s ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. Similarly, in the digital sector, a priority to develop new infrastructure should be given in order to ensure that the Union will be a global pioneer in the digital economy. Moreover, a criterion for the success of the EFSI could be the assistance provided to policy areas that suffered from cuts in investments in order to fund the EFSI, such as research grants, especially for low technology readiness levels. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
Amendment 62 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with strengthened additionality. They include investments in the areas of energy, including alternative energy sources (for vehicles), environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union’s ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
Amendment 64 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8a) It should be noted that in its EFSI- supported special activities the EIB makes systematic use of participation in risk- sharing instruments with its co-investors. The EIB should therefore intervene - as a matter of course where blending is concerned and where necessary in other cases - by providing first loss guarantees for the activities concerned in order to optimise the additionality of the EFSI facility and mobilise more private funds.
Amendment 65 #
Proposal for a regulation
Recital 8 b (new)
Recital 8 b (new)
(8b) It should be borne in mind that the leading global powers have all created military-industrial complexes in order to stay ahead of the competition in technological and scientific terms. It is therefore imperative that the EU do the same by allocating large sums - in particular through the EFSI - to the creation of a European defence industry which, as a result of its research and development work, will have a significant civil and economic impact.
Amendment 71 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) 2015/1017
Article 5 – paragraph 1 – subparagraph 5
Article 5 – paragraph 1 – subparagraph 5
Amendment 72 #
Proposal for a regulation
Recital 2
Recital 2
(2) That positive momentum should be maintained and efforts need to be continued to bring investment back to its long-term sustainable trend. The mechanisms of the Investment Plan work and should be reinforced to continue the mobilisation of private investments in sectors important to Europe's future and where market failures or sub-optimal investment situations remain. To foster growth three dimensions complementing each others and necessary to each others need to be worked on in parallel: a framework to finance investment and innovation (including CMU), structural reforms and a common policy mix.
Amendment 75 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) In order to improve the performance of the EFSI at both national and regional level, there is a need to step up cooperation between the EIB, which steers the EFSI, and the national promotional banks.
Amendment 76 #
Proposal for a regulation
Recital 10 b (new)
Recital 10 b (new)
(10b) It should be noted that the rules in force on flexibility and the implementation of the stability and growth pact1a restrict the Member States’ capabilities – under the preventive, and particularly the corrective, arm of the pact – to co-finance projects that are also co- financed by the EFSI. There needs to be a general interinstitutional debate on whether or not to change the way in which those indirect national contributions are treated in the Commission’s application of the pact. __________________ 1a COM(2015)12 final
Amendment 82 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point a – point ii a (new)
Article 1 – paragraph 1 – point 4 – point a – point ii a (new)
Regulation (EU) 2015/1017
Article 7 – paragraph 8 – point k a (new)
Article 7 – paragraph 8 – point k a (new)
(iia) the following point (ka) is added: ‘(ka) defence.’;
Amendment 84 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – point i a (new)
Article 9 – paragraph 2 – point i a (new)
(aa) In paragraph 2, the following point (ia) is added: ‘(ia) support for EU initiatives in the defence sector, in particular via: (i) research and development at EU level; (ii) the development of the EU’s defence capabilities; (iii) SMEs and mid-caps in the field of defence;’
Amendment 95 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d a (new)
Article 1 – paragraph 1 – point 5 – point d a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 7 – subparagraph 1 a (new)
Article 9 – paragraph 7 – subparagraph 1 a (new)
(da) ‘The rules in force on flexibility and the implementation of the stability and growth pact1a restrict the Member States’ capabilities – under the preventive, and particularly the corrective, arm of the pact – to co-finance projects that are also co- financed by the EFSI. There needs to be a general interinstitutional debate on whether or not to change the way in which those indirect national contributions are treated in the Commission’s application of the pact.’ _________________ 1a COM(2015) 12 final
Amendment 105 #
Proposal for a regulation
Annex – point 1 – point a
Annex – point 1 – point a
Regulation (EU) 2015/1017
Annex II – section 2 – point b – subparagraph 1 a
Annex II – section 2 – point b – subparagraph 1 a
'EFSI support to motorways shall be avoided, unlessmay be considered if it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country or if it is necessary to upgrade and maintain, improve road safety, develop ITS, improve the impact of road transport on the environment or guarantee the standard and integrity of existing motorways on the trans- European transport network.;'
Amendment 122 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) 2015/1017
Article 5 – paragraph 1 – subparagraph 3 a (new)
Article 5 – paragraph 1 – subparagraph 3 a (new)
The EIB shall intervene - as a matter of course where blending is concerned and where necessary and relevant in other cases - by providing first loss guarantees for the special activities referred to in the first subparagraph in order to optimise the additionality of the EFSI facility and mobilise more private funds.
Amendment 135 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point a – point ii a (new)
Article 1 – paragraph 1 – point 4 – point a – point ii a (new)
Regulation (EU) 2015/1017
Article 7 – paragraph 8 – point l a (new)
Article 7 – paragraph 8 – point l a (new)
(iia) the following point is added: ‘(la) defence’.
Amendment 136 #
Proposal for a regulation
Recital 9
Recital 9
(9) Additionality, a key feature of the EFSI, should be strengthened in the selection of projects. In particular, operations should only be eligible for EFSI support if they address clearly identified market failures or sub-optimal investment situations. The purpose of additionality should be limited to ensuring that selected projects are those that could not have otherwise obtained financing on the market due to a higher risk profile. Operations in infrastructure under the Infrastructure and Innovation Window linking two or more Member States, including e-infrastructure, should be considered additional given their inherent difficulty and their high added value for the Union.
Amendment 140 #
Proposal for a regulation
Recital 9
Recital 9
(9) Additionality, a key feature of the EFSI, should be strengthened in the selection of projects. In particular, operations should only be eligible for EFSI support if they address clearly identified market failures or sub-optimal investment situations. Operations in infrastructure under the Infrastructure and Innovation Window linking two or more Member States, including e-infrastructure or the TEN-T and TEN-E networks, should be considered additional given their inherent difficulty and their high added value for the Union.
Amendment 144 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – point i a (new)
Article 9 – paragraph 2 – point i a (new)
(aa) in paragraph 2, the following point is added: ‘(ia) support for EU initiatives in the defence sector, in particular via: (i) research and development at EU level; (ii) the development of the EU’s defence capabilities; (iii) SMEs and mid-caps in the field of defence.
Amendment 145 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9 a) The EIB has also the responsibility to supervise and do a cost-benefit analysis also those projects between 10 and 50 million euros to avoid misuses of the EFSI fund at national level.
Amendment 151 #
Proposal for a regulation
Recital 10
Recital 10
(10) Due to their potential to increase the efficiency of the EFSI intervention, blending operations combining non- reimbursable forms of support and/or financial instruments from the Union budget, such as those available under the Connecting Europe Facility, and financing from EIB Group, including EIB financing under the EFSI, as well as other investors should be encouraged. Blending aims to enhance the value added of Union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable. Further action to ensure that EU funds and EFSI support can be easily combined is necessary. The Commission has already published a concrete guidance on this matter, however the approach on the issue of combining the EFSI with the EU funds should be further developed while taking into account economic efficiency and adequate leverage.
Amendment 158 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d a (new)
Article 1 – paragraph 1 – point 5 – point d a (new)
Regulation (EU) 2015/1017
Article 9 – paragraph 7 – subparagraph 1 a (new)
Article 9 – paragraph 7 – subparagraph 1 a (new)
(da) in paragraph 7, the following subparagraph is added: Notes that the rules in force on flexibility and the implementation of the stability and growth pact1a restrict the Member States’ capabilities – under the preventive, and particularly the corrective, arm of the pact – to co-finance projects that are also co-financed by the EFSI. Calls for a general interinstitutional debate on whether or not to change the way in which those indirect national contributions are treated in the Commission’s application of the pact. __________________ 1a COM(2015)12 final
Amendment 175 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) It is appropriate to encourage partnerships with National Promotional Banks or Institutions including for setting up Investment Platforms and, where, on a case by case basis, the National Promotional Banks or Institutions could select projects thereafter.
Amendment 197 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16 a) Investment platforms participating in EFSI shall be able to work in a cross- border basis in order to increase their efficiency and to reduce geographical imbalances.
Amendment 198 #
Proposal for a regulation
Recital 16 b (new)
Recital 16 b (new)
(16 b) In the framework of a partnership between the Investment Committee and an investment platform, a national promotional bank or an institution, the Investment Committee may at any time supervise the project selection procedure applied in order to guarantee the respect of this Regulation.
Amendment 199 #
Proposal for a regulation
Recital 16 c (new)
Recital 16 c (new)
(16 c) Simplification is needed in the procedures for processing operations so that the information which final beneficiaries, especially SMEs are required to provide is the minimum necessary to ensure their success without imposing an excessive bureaucratic burden on SMEs.
Amendment 207 #
Proposal for a regulation
Recital 17 a (new)
Recital 17 a (new)
(17 a) Considers that the possibility should be considered of extending EFSI financing to other financial initiatives launched by the Commission and managed through the EIF as the Cultural and Creative Sector Guarantee Facility (CCS GF).
Amendment 214 #
Proposal for a regulation
Recital 18 a (new)
Recital 18 a (new)
(18 a) The annual country-by-country reports of EFSI will include the exact funding that every project has required.
Amendment 236 #
Proposal for a regulation
Recital 21 a (new)
Recital 21 a (new)
(21 a) Blending with existing funds, in order to promote the investment goals of this Regulation, should be encouraged as it would enable providing adequate concessionalities in the financing terms and conditions.
Amendment 257 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a a (new)
Article 1 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 2015/1017
Article 4 – paragraph 2 – point a – point iv
Article 4 – paragraph 2 – point a – point iv
(a a) in point (a), point (iv) is replaced by the following: ‘(iv) the pricing of EFSI backed operations under the EU guarantee, which is to be in line with the EIB's general pricing policy, taking into account that EFSI's aim is to address market failures and gaps, to stimulate adequate additional geographic and regional balance of EFSI backed operations, and therefore an integrated and streamlined approach to the aim of growth, jobs and investments is necessary;’;
Amendment 259 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point a a (new)
Article 1 – paragraph 1 – point 1 – point a a (new)
Regulation (EU) No 2017/1017
Article 4 – paragraph 2 – point b – point iii
Article 4 – paragraph 2 – point b – point iii
(a a) in point (b), point (iii) is replaced by the following: ‘(iii) a provision that the Steering Board is to take decisions by consensus; in the event that a consensus cannot be reached, the Steering Board shall decide by a three-fourths majority of its component members;’;
Amendment 267 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)
Article 1 – paragraph 1 – point 1 a (new)
Regulation (EU) No 2015/117
Article 5 – paragraph 1 – subparagraph 2
Article 5 – paragraph 1 – subparagraph 2
Amendment 274 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 3
Article 5 – paragraph 1 – subparagraph 3
To better address market failures or sub- optimal investment situations, whereby ensuring complementarity and thus avoiding crowding out vis-a-vis participants in the same market, EIB special activities supported by the EFSI shall typically have features such as subordination, participation in risk-sharing instruments, cross-border characteristics, exposure to specific risks or other identifiable aspects as further described in Annex II in order to ensure additionality.
Amendment 278 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/2017
Article 5 – paragraph 1– subparagraph 3
Article 5 – paragraph 1– subparagraph 3
To better address market failures or sub- optimal investment situations, EIB special activities supported by the EFSI shall typically have features such as subordination, participation in risk-sharing instruments, cross-border characteristics, European added value, exposure to specific risks or other identifiable aspects as further described in Annex II.
Amendment 283 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 2015/1017
Article 5 – paragraph 1 – subparagraph 5
Article 5 – paragraph 1 – subparagraph 5
The projects supported by the EFSI that consist of physical infrastructure linking two or more Member States or of the extension of physical infrastructure or services linked to physical infrastructure from one Member State to one or more Member States, shall also be considered to provide additionality. and should be prioritized in cases like TEN-T and TEN- E where the EU has already selected them as high priority infrastructure projects with European added value.
Amendment 306 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a (new)
Article 1 – paragraph 1 – point 4 – point -a (new)
Regulation (EU) No 2015/1017
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
(-a) in paragraph 3, the first subparagraph is replaced by the following: ‘The Steering Board shall comprise four members: three appointed by the Commission and one by the EIB. Before the official nomination, the European Parliament shall be kept informed of the candidates, respecting strict confidentiality requirements. The Steering Board shall elect a Chairperson from among its members for a fixed term of three years, renewable once. The Steering Board shall strive to take its decisions by consensus. In the event that a consensus cannot be reached, the Steering Board shall decide by a three-fourths majority of its component members.’;
Amendment 311 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a (new)
Article 1 – paragraph 1 – point 4 – point -a (new)
Regulation (EU) No 2015/1017
Article 7 – paragraph 3 – subparagraph 2
Article 7 – paragraph 3 – subparagraph 2
Amendment 315 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a a (new)
Article 1 – paragraph 1 – point 4 – point -a a (new)
Regulation (EU) No 2015/1017
Article 7 – paragraph 5 – subparagraph 2
Article 7 – paragraph 5 – subparagraph 2
(-aa) in paragraph 5, the second subparagraph is replaced by the following: ‘The Managing Ddirector shall be assisted by a deputy managing director. The Managing Director shall report every quarter on the activities of the EFSI to the Steering Board.Both can, on their request, participate in the meetings of the Steering Board as non- voting members.’;
Amendment 317 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point -a b (new)Regulation (EU) No 2015/1017
Article 1 – paragraph 1 – point 4 – point -a b (new)Regulation (EU) No 2015/1017
Article 7 – paragraph 5 a (new)
(-ab) In article 7, a new paragraph 5a is inserted: ‘5a. The overall composition of the Steering Board, Managing Director and Deputy Managing Director shall strive for ensuring gender balance.’;
Amendment 341 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point -a (new)
Article 1 – paragraph 1 – point 5 – point -a (new)
Regulation (EU) No 2015/1017
Article 9 – paragraph 2 – introductory part
Article 9 – paragraph 2 – introductory part
(-a) In article 9, paragraph 2, introductory part is replaced by the following : The EU guarantee shall be granted for EIB financing and investment operations approved by the Investment Committee referred to in Aarticle 7(7) or for funding or guarantees to the EIF in order to conduct EIB financing and investment operations in accordance with Article 11(3) and in accordance with the guidance of the Steering Board. Cooperation of the EIB with NPB/NPIs should be encouraged to leverage the deep market knowledge of these entities with the increased financing capacity of the EIB provide by the EU guarantee. The operations concerned shall be consistent with Union policies and support any of the following general objectives:.
Amendment 343 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point -a (new)
Article 1 – paragraph 1 – point 5 – point -a (new)
Regulation (EU) No 2015/1017
Article 9 – paragraph 2 – point b – point ii
Article 9 – paragraph 2 – point b – point ii
(-a) in Article 9, paragraph 2, point (b), point (ii) is amended as follows: ‘(ii) energy efficiency and energy savings (with a focus on reducing demand through demand-side management and the refurbishment of buildings including prisons);’
Amendment 357 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Regulation (EU) No 2015/1017
Article 9 – paragraph 2 – points h a (new) and h b (new)
Article 9 – paragraph 2 – points h a (new) and h b (new)
(a a) in paragraph 2 the following points (ha) and (hb) are added: ‘(ha) defence : a) development of joint capacities;’ b) research; (hb) cybersecurity.’
Amendment 371 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Regulation (EU) No 2015/1017
Article 9 – paragraph 2 – subparagraph 1 a
Article 9 – paragraph 2 – subparagraph 1 a
The EIB shall target that at least 40 % of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action, in line with the COP21 commitments. The Steering Board shall provide detailed guidance to thatis end.
Amendment 373 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b a (new)
Article 1 – paragraph 1 – point 5 – point b a (new)
Regulation (EU) No 2015/1017
Article 9 – paragraph 2 – subparagraph 1 b (new)
Article 9 – paragraph 2 – subparagraph 1 b (new)
(b a) in paragraph 2, the following subparagraph is added: ‘The EIB shall use the EU guarantee for supporting investment platforms or funds and national promotional banks or institutions that invest in operations meeting the requirements of this Regulation (eligible vehicles), after approval by the Investment Committee. In order to strengthen its objective, the Investment Committee shall encourage cooperation with cross-border investment platforms.’
Amendment 424 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b – point ii
Article 1 – paragraph 1 – point 9 – point b – point ii
Regulation (EU) No 2015/1017
Article 14 – paragraph 2 – point e
Article 14 – paragraph 2 – point e
(e) providing pro-active support on the establishment of investment platforms, with a view also to supporting smaller scale projects;
Amendment 458 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11
Article 1 – paragraph 1 – point 11
Regulation (EU) No 2015/1017
Article 19 – paragraph 1 a (new)
Article 19 – paragraph 1 a (new)
The EIB and EIF shall inform or shall oblige financial intermediaries to inform the final beneficiaries, including SMEs, of the existence of EFSI support. Similarly, financial intermediaries will be required to launch active dissemination campaigns among potential beneficiaries of the lines of finance that they manage and which are supported by the EFSI, as well as their conditions and the form of access to them.
Amendment 468 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11 a (new)
Article 1 – paragraph 1 – point 11 a (new)
Regulation (EU) No 2015/1017
Article 21 – paragraph 2 – subparagraph 1
Article 21 – paragraph 2 – subparagraph 1
(11 a) In Article 21, the first subparagraph of paragraph 2 is replaced by the following: ‘2. 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 ( 1 1), Council Regulation (Euratom, EC) No 2185/96 ( 2 2) and Council Regulation (EC, Euratom) No 2988/95 ( 3 3) 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 financing and investment operations covered by this Regulation. OLAF may transmit any information obtained in the course of its investigations to the competent authorities of the Member States concerned. The competent authorities shall follow up on the information transmitted, unless not compatible with the national legal framework.’
Amendment 475 #
Proposal for a regulation
Article 1 – paragraph 1 – point 13 a (new)
Article 1 – paragraph 1 – point 13 a (new)
Regulation (EU) No 2015/1017
Article 24 – paragraph 2
Article 24 – paragraph 2
(13 a) In Article 24, the second paragraph is replaced by the following: ‘2. The Commission shall assess the operations referred to in paragraph 1 and, where they comply with the eligibility criteria set out in Article 6, the general objectives set out in Article 9(2) and Annex II, Annex II, and the principles of operations' own merit, and without any geographic or sectorial allocation, decide that the EU guarantee coverage extends to them.’
Amendment 492 #
Proposal for a regulation
Annex II – point 1 b a (new)
Annex II – point 1 b a (new)
Regulation (EU) No 2015/1017
Annex II – section 2 – point 2 a (new)
Annex II – section 2 – point 2 a (new)
(b a) A new point is added: (2 a) The EIB shall use the EU guarantee for supporting investment platforms or funds and national promotional banks or institutions that invest in operations meeting the requirements of this Regulation (eligible vehicles), after approval by the Investment Committee. In order to avoid geographical concentration, Investment Committee shall encourage cooperation with cross-border investment platforms.
Amendment 496 #
Proposal for a regulation
Annex II – point 3
Annex II – point 3
Regulation (EU) No 2015/1017
Annex II – section 5 – paragraph 1 a (new)
Annex II – section 5 – paragraph 1 a (new)
The scoreboard shall be made public as soon as an operation under the EU guarantee is signed, with the exclusion of commercially sensitive information; a compilation of the scoreboard results shall be presented to MEPs in an annual basis.