2 Amendments of Joachim SCHUSTER related to 2016/0274(COD)
Amendment 6 #
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.; The Commission shall explain to the European Parliament how the management of the Fund is embedded in its broader development strategy.
Amendment 9 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EC, Euratom) No 480/2009
Article 8 – paragraph 2
Article 8 – paragraph 2
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. 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. Furthermore, the report shall provide detailed information on the utilisation of the Fund and the improvements that the financed projects generated in recipient countries.