3 Amendments of Marietje SCHAAKE related to 2016/0274(COD)
Amendment 5 #
Proposal for a regulation
Recital 5
Recital 5
(5) The financial management of the Guarantee Fund should be transferred from the EIB to the Commission, which has an established practice of managing similar investments. By taking over the asset management of the Guarantee Fund, the Commission should be able to streamline and consolidate its asset management activities as well as to coordinate all external financing aspects of the European Agenda on Migration, building on existing structures and a goodfurther strengthening its track record.
Amendment 7 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EC, Euratom) No 480/2009
Article 7
Article 7
The Commission shall ensure the financial management of the Fund. The Commission shall manage and invest the resources of the Guarantee Fund in accordance with the principle of sound financial management and shall follow appropriate prudential rules., while taking into account the principles guiding the Union's external action;
Amendment 10 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 Regulation (EC, Euratom) No 480/2009
Article 1 – paragraph 1 – point 4 Regulation (EC, Euratom) No 480/2009
In addition, it shall, by 31 May of each year, submit to the European Parliament, to the Council and to the Court of Auditors an annual report on the management of the Guarantee Fund in the previous calendar year. The annual report shall contain the presentation of the financial position of the Guarantee Fund at the end of the previous calendar year, the financial flows during the previous calendar year as well as the significant transactions and any relevant information on the financial accounts, as well as conclusions and lessons learned. The report shall also include information about the financial management and performance and the risk of the Guarantee Fund at the end of the previous calendar year.