Activities of Crescenzio RIVELLINI related to 2012/2060(DEC)
Reports (1)
REPORT concerning Special Report No 2/2012 of the Court of Auditors entitled 'Financial instruments for SMEs co-financed by the European Regional Development Fund' PDF (185 KB) DOC (103 KB)
Amendments (8)
Amendment 1 #
Motion for a resolution
Citation 4 a (new)
Citation 4 a (new)
- having regard to the opinion No 7/2011 of the Court of Auditors on the proposal for a Regulation of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund covered by the Common Strategic Framework and laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund and repealing Regulation (EC) No 1083/20061, ________________ 1 OJ C 47, 17.2.2012, p. 1.
Amendment 7 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes with concern that the previous annual implementation reports, monitoring committees and operational program indicators have been considered as inadequate or inappropriate to the targets and purposes of financial instruments; welcomes the developments in the reporting and monitoring activity registered with JEREMYIE;
Amendment 8 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Recognizes the potential of innovative financial engineering instruments to build up capital and enhancing investments, as opposed to grants consistently perceived to be excessively cumbersome and bureaucratic by their beneficiaries; underlines that financial engineering instruments could play an important role in achieving the Europe 2020 Strategy's objectives by attracting funding from other investors in areas of strong Union's interest;
Amendment 11 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Deplores that, in some cases, information on management costs borne by the SMEs was not available or was not reliable; invites the competent authorities to improve the current situation and to provide for the future all the relevant information; recognises that a distinction should be made in relation to costs of the financial engineering instruments ("FEI")[ Management cost of the JEREMIE Holding Fund (JHF) and management cost of financial intermediaries ("FI")] and the cost to SMEs;
Amendment 13 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Believes that matters to be covered by delegated acts, which are meant to cover non-essential elements of Union legislation, should not deal in reality with key elements of the future Cohesion scheme1; ________________ 1 Such as the adoption of a Common Strategic Framework; the adoption of detailed rules on financial instruments; the responsibilities of Member States concerning the procedure for reporting irregularities and recovery of sums unduly paid; the conditions of national audits; the accreditation criteria for managing authorities and certifying authorities;
Amendment 14 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Strongly recommends that the LegislatorCouncil and the Commission, when designing proposals for the Structural Funds regulations, should endow with a more adequate regulatory framework so that the design and the implementation of financial engineering measures do not suffer from the deficiencies of the Structural Funds‘ regulatory framework, geographical constraints and scattering effects; asks that lessons learnt from the current programming period be reflected when designing the proposals for the Structural Funds regulation; considers in particular that proposals should be oriented towards performance and results rather than mere compliance;
Amendment 16 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Takes the view that the Commission should propose a common definition of multiplier effect, standard concepts of recycling in the Structural Funds regulations, depending on the type of holding fund or fund as well as require contractually binding minimum leverage ratios and minimum revolving periods and data for the calculation of leverage indicators; considers that the concept of added value should be regarded as a relevant component in the calculation of leverage ratios in order to achieve relevant policy objectives as well as take market conditions into account.; considers that to this end it would be advisable to articulate the concept of European added value in the legal framework for the 2014-2020 period;
Amendment 17 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Asks the LegislatorCouncil and the Commission to consider alternative ways of pursuing SME support through financial engineering instruments if the cohesion policy framework were to be considered unsuitable; notes that such instruments should either be supported by programmes centrally managed by the Commission, dedicated investment vehicles in cooperation with the Commission and the Member States or by the Member States directly;