22 Amendments of Jens GIESEKE related to 2015/0009(COD)
Amendment 59 #
Proposal for a regulation
Recital 12
Recital 12
(12) Many small and medium enterprises, as well as mid-cap companies, across the Union require assistance to attract market financing, especially as regards investments that carry a greater degree of risk. This is particularly true of businesses in rural areas, where economic growth and measures to safeguard jobs are urgently needed. The EFSI should help these businesses to overcome capital shortages by allowing the EIB and the European Investment Fund ('EIF') to provide direct and indirect equity injections, as well as to provide guarantees for high-quality securitisation of loans, and other products that are granted in pursuit of the aims of the EFSI.
Amendment 63 #
Proposal for a regulation
Recital 13
Recital 13
(13) The EFSI should be established within the EIB in order to benefit from its experience and proven track record and in order for its operations to start to have a positive impact as quickly as possible. The work of the EFSI on providing finance to small and medium enterprises, particularly in rural areas, and small mid-cap companies should be channelled through the European Investment Fund ('EIF') to benefit from its experience in these activities.
Amendment 71 #
Proposal for a regulation
Recital 14
Recital 14
(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that promote job creation, long- term growth, sustainable growth, new technologies and innovations in health care and competitiveness. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.
Amendment 85 #
Proposal for a regulation
Recital 15
Recital 15
(15) The EFSI should target projects with a higher risk-return profile than existing EIB and Union instruments to ensure additionality over existing operations. The EFSI should finance projects across the Union, including in the countries most affected by the financial crisis, and in other disadvantaged rural areas of Europe. The EFSI should only be used where financing is not available from other sources on reasonable terms.
Amendment 116 #
Proposal for a regulation
Recital 28 a (new)
Recital 28 a (new)
(28a) Over time, the contribution from the Union budget to the guarantee fund should be authorised by the European Parliament and the Council as part of the annual budget procedure. In the process, if necessary, the budgetary authority should make use of all surpluses and flexibility mechanisms under the regulation laying down the multiannual financial framework for the period 2014- 2020.
Amendment 117 #
Proposal for a regulation
Recital 28 b (new)
Recital 28 b (new)
(28b) In order that available margins, unused resources, surpluses and other funding sources referred to in Article 8 of the Regulation can also be used outside heading 1a of the 2014-2020 multiannual financial framework, the budget lines accommodating the guarantee fund should be divided up among headings 1a, 1b and 2.
Amendment 118 #
Proposal for a regulation
Recital 28 c (new)
Recital 28 c (new)
(28c) Financing of the guarantee fund, as regards both commitments and payments, should be reassessed at the end of 2016 as part of the mid-term review of the multiannual financial framework (under Article 2 of Council Regulation (EU, Euratom) No 1311/2013). Amounts taken from the budget until then, from existing programmes under heading 1a, 1b or 2, should be reinstated in full.
Amendment 119 #
Proposal for a regulation
Recital 28 d (new)
Recital 28 d (new)
(28d) In the context of the mid-term review of the multiannual financial framework under Article 2 of Council Regulation (EU, Euratom) No 1311/2013, the Commission should ensure that the EU guarantee is reliably funded, taking account of the possibility of making a percentage adjustment to the performance reserve under Articles 20 and 22 of general Regulation (EU) No 1303/2013, in order to put unused funds to profitable use. A minor percentage adjustment to the reserve could facilitate reliable financing of the guarantee fund, attracting investors and generating added value for the European economy.
Amendment 120 #
Proposal for a regulation
Recital 29
Recital 29
Amendment 153 #
Proposal for a regulation
Article 1 – paragraph 1 – subparagraph 2
Article 1 – paragraph 1 – subparagraph 2
The purpose of the EFSI shall be to support investments in the Union and to ensure increased access to financing for companies having up to 3000 employees, with a particular focus on small and medium-sized enterprises as defined in Recommendation 2003/361/EC, through the supply of risk bearing capacity to the EIB, with special priority being given to businesses in rural areas and in structurally weak and disadvantaged areas ('‘EFSI Agreement'’).
Amendment 157 #
Proposal for a regulation
Article 1 a (new)
Article 1 a (new)
Article 1a Definitions For the purposes of this Regulation only, the following definitions shall apply: (a) ‘national promotional banks or institutions’ means legal entities carrying out financial activities on a professional or commercial basis which are issued with a mandate by a Member State, whether at central, regional or local level, to carry out public development or promotional activities; (b) ‘small and medium-sized enterprises’ or ‘SMEs’ means micro, small and medium-sized enterprises as defined in Recommendation 2003/361/EC; (c) ‘mid-cap companies’ means legal entities having up to 3000 employees that are not SMEs.
Amendment 167 #
Proposal for a regulation
Article 2 – paragraph 2 – subparagraph 1
Article 2 – paragraph 2 – subparagraph 1
The EFSI Agreement shall provide for the creation of a European Investment Advisory Hub ('EIAH') within the EIB, without, however, creating additional administrative burdens or other systems. The EIAH shall have as its objective to build upon existing EIB and Commission advisory services in order to provide advisory support for investment project identification, preparation and development and act as a single technical advisory hub for project financing within the Union. This shall include support on the use of technical assistance for project structuring, use of innovative financial instruments, use of public-private partnerships and advice, as appropriate, on relevant issues of EU legislation.
Amendment 220 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point b
Article 5 – paragraph 2 – subparagraph 1 – point b
(b) investment in education and training, innovative health technologies, including e-health and m-health, research and development, information and communications technology and innovation;
Amendment 255 #
Proposal for a regulation
Article 8 – paragraph 2 – point a
Article 8 – paragraph 2 – point a
(a) payments from the general budget of the Union,contributions from the general budget of the Union which are provided each year as part of the budget procedure by the budgetary authority, drawing on all provisions of Council Regulation (EU, Euratom) No 1311/2013 laying down the multiannual financial framework for the years 2014-2020, with account being taken of the following order: i) Union budget surpluses; ii) unused margins, including global margins for payments and commitments; iii) the flexibility instrument; iv) if necessary, available or unused funds within heading 1b of the multiannual financial framework; v) if necessary, available or unused funds within heading 2 of the multiannual financial framework; vi) if necessary, available or unused funds within heading 1a of the multiannual financial framework.
Amendment 256 #
Proposal for a regulation
Article 8 – paragraph 2 – point b
Article 8 – paragraph 2 – point b
Amendment 257 #
Proposal for a regulation
Article 8 – paragraph 2 – point c
Article 8 – paragraph 2 – point c
Amendment 258 #
Proposal for a regulation
Article 8 – paragraph 2 – point d
Article 8 – paragraph 2 – point d
Amendment 259 #
Proposal for a regulation
Article 8 – paragraph 2 – point d
Article 8 – paragraph 2 – point d
(d) any other payments received by the Union in accordance with the EFSI Agreement pending the mid-term review of the multiannual financial framework.
Amendment 260 #
Proposal for a regulation
Article 8 – paragraph 5 – subparagraph 1 – point a (new)
Article 8 – paragraph 5 – subparagraph 1 – point a (new)
a) Resources under letter (a) which are taken from existing programmes shall constitute provisional payments to establish the guarantee fund. In the context of the mid-term review of the multiannual financial framework in 2016, under Article 2 of Council Regulation (EU, Euratom) No 1311/2013, other funding options shall be identified. Resources temporarily made available from existing programmes shall be reinstated in full.
Amendment 263 #
Proposal for a regulation
Article 8 – paragraph 6 – subparagraph 1
Article 8 – paragraph 6 – subparagraph 1
Amendment 293 #
Proposal for a regulation
Article 18
Article 18
Verordnung (EU) Nr. 1291/2013
Article 18
Article 18
Amendment 302 #
Proposal for a regulation
Article 19
Article 19
Verordnung (EU) Nr. 1316/2013
Artikel 5 – paragraph 1
Artikel 5 – paragraph 1
Amendment to Regulation (EU) No In Article 5 of Regulation (EU) No 1316/2013, paragraph 1 is replaced by the following: 1. The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 29 942 259 000 (*) in current prices. That amount shall be distributed as follows: a) transport sector: EUR 23 550 582 000, of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund; b) telecommunications sector: 1 041 602 000 EUR; c) energy sector: 5 350 075 000 EUR. These amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013(*). (*) Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884).rticle 19 deleted 1316/2013