[ParlTrack]

Proposal for a regulation
Recital 11

(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged, without prejudice to the requirement for all projects to meet the eligibility criteria including additionality.

2017/03/27
Committee: BUDG ECON

Tom VANDENKENDELAERE

Proposal for a regulation
Recital 19

(19) The operations supported by the EFSI should adhere to the Union's principles of tax good governance and should not involve financing or investment operations through vehicles located in jurisdictions not cooperating with the Union as regards transparency, exchange of information, anti-money laundering and fair taxation.

2017/03/27
Committee: BUDG ECON

Tom VANDENKENDELAERE

Proposal for a regulation
Article 1 – paragraph 1 – point 1 a (new)

Regulation (EU) No 2015/1017
Article 5 – paragraph 1– subparagraph 2

~~The projects supported by the EFSI, while striving to create employment and sustainable growth, shall be considered to provide additionality if they~~(1 a) in Article 5(1), the second subparagraph is replaced by the following ‘The fact that projects carry a risk corresponding to EIB special activities, as defined in Article 16 of the EIB Statute and by the credit risk policy guidelines of the EIB., shall be deemed a strong indication of additionality, while not exempting the Investment Committee from the obligation to determine and document that these operations address market failures or sub- optimal investment situations and could not have been carried out in the period during which the EU guarantee can be used, or not to the same extent, by the EIB, the EIF or under existing Union financial instruments without EFSI support.’

2017/03/27
Committee: BUDG ECON

3 Amendments of Tom VANDENKENDELAERE related to 2016/0276(COD)

ParlTrack - 2011-2024