3 Amendments of Merja KYLLÖNEN related to 2016/0276(COD)
Amendment 24 #
Proposal for a regulation
Citation 5 a (new)
Citation 5 a (new)
Having regard to Article 18(7), points (b) and (c) of Regulation (EU) 2015/1017 on the European Fund for Strategic Investments1a; __________________ 1aRegulation (EU) 2015/1017 of the European Parliament and The Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013;
Amendment 25 #
Proposal for a regulation
Citation 5 b (new)
Citation 5 b (new)
Having regard to the Opinion 2/2016 concerning the Proposal for a Regulation of the European Parliament and of the Council amending Regulations (EU) 1316/2013 and 2015/1017 adopted by the European Court of Auditors on 11 November 2016 1a , concluding that there is little evidential base for the proposal to extend and increase EFSI, namely because: (i) the proposal is launched without a comprehensive impact assessment and too soon for the economic, social and environmental impacts to be measured and to enable a conclusion whether EFSI is achieving its objectives; (ii) it does not respect the better regulation principles; (iii) there is a clear risk of exaggerating the achieved results and impacts; (iv) there is a risk of creating incentives to use unnecessarily complex financing structures or to allocate a risk profile that does not correspond to the real risk of the operation; (v) there is a recognized need to act on geographical imbalances and sectorial concentration; (vi) there is a recognized need for increasing transparency and clarity both in the EFSI governance and in the selection of EFSI operations; _________________ 1aOpinion pursuant to Article 287(4) of the Treaty on the Functioning of the European Union (TFEU)
Amendment 68 #
Proposal for a regulation
Article 1 – paragraph -1 (new)
Article 1 – paragraph -1 (new)
-1. Taking into account the explicit mandate on article 18(7) of the EFSI Regulation and the serious risks and weaknesses pointed out by the European Court of Auditors in its Opinion 2/20161a, the Committee on Transport and Tourism calls on the Committee on Economic and Monetary Affairs, as the committee responsible, to propose rejection of the Commission proposal. The Committee on Transport and Tourism calls on the Commission to carry a comprehensive and cross-sectorial assessment of the EFSI economic, social, environmental and geographical impacts, to explore alternative policy options and only deliver a new proposal for the extension of EFSI if an added value can be objectively proved, taking into account the current context of limited financial resources. Innovative tools for a more effective investment policy in the EU, such as the introduction of mandatory climate action compatibility check applying to every operation prior to its approval, must also be taken into consideration.1a; _________________ 1aRegulation(EU) 2015/1017 of the European Parliament and The Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013;