6 Amendments of Marco ZANNI related to 2016/0221(COD)
Amendment 77 #
Proposal for a regulation
Recital 3
Recital 3
(3) The Communication on the Capital Markets Union of 30 September 201523 is an important element of the Investment Plan. It aims at reducing fragmentation in the financial markets and increasing supply of capital to businesses through the establishment of a genuine single capital market. The Communication specifies that Regulation (EU) No 345/2013 and Regulation (EU) No 346/2013 need to be amended to ensure that the frameworks are best able to support investment in SMEs. _________________ 23 Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions: Action Plan on Building a Capital Markets Union (COM(2015)468 final)On 15 September 2016, the European Parliament adopted a resolution on access to finance for SMEs (2016/2032(INI)). Since the first round of the surveys on the access to finance of enterprises (SAFE), 'finding customers' has remained the dominant concern for euro area SMEs, while 'access to finance' has ranked lower in terms of concerns.
Amendment 89 #
Proposal for a regulation
Recital 5 a (new)
Recital 5 a (new)
(5a) For EuVECA funds, the threshold of EUR 100 000 should in any case be lowered to EUR 40 000. This would allow the spectrum of investment possibilities for non-professional investors to be widened and would allow such investors to support firms with a positive social impact.
Amendment 90 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
(5b) For EuSEF funds, the threshold of EUR 100 000 should in any case be lowered to EUR 40 000. This should increase access to funding especially for smaller and socially engaged firms which are less bankable due to the fact that they re-invest their profits into their projects and as such do not meet the minimum required return for bank capital requirements. This would also allow the spectrum of investment possibilities for non-professional investors to be widened and would allow such investors to support firms with a positive social impact.
Amendment 97 #
Proposal for a regulation
Recital 7
Recital 7
(7) The range of eligible undertakings in which qualifying venture capital funds can invest should be expanded to further increase supply of capital to businesses. The definition of qualifying portfolio undertakings should therefore include micro, small and medium enterprises, and companies with up to 499 employees (small mid-caps) and small and medium enterprises listed on SME growth markets. The new investment options should also allow growth stage entities that have already access to other sources of financing, such as SME growth markets, to receive capital from qualifying venture capital funds which in turn should contribute to the development of the SME growth markets.
Amendment 137 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Regulation (EU) No 345/2013
Article 6 – paragraph 1 – point a
Article 6 – paragraph 1 – point a
(2a) In Article 6(1), point (a) is replaced by the following: "(a) commit to investing a minimum of EUR 1040 000; and" (http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013R0345&from=EN)Or. en
Amendment 217 #
Proposal for a regulation
Article 2 – paragraph 1 – point 2 a (new)
Article 2 – paragraph 1 – point 2 a (new)
Regulation (EU) No 346/2013
Article 6 – paragraph 1 – point a
Article 6 – paragraph 1 – point a
(2a) Article 6(1) , point (a) is replaced by the following: "(a) commit to invest a minimum of EUR 1040 000; and" Or. en (http://eur-lex.europa.eu/legal- content/EN/TXT/HTML/?uri=CELEX:32013R0346&from=EN)