Activities of Bogdan RZOŃCA
Plenary speeches (16)
The need for the EU's continuous support for Ukraine (debate)
Outcome of the Strategic Dialogue on the Future of EU Agriculture (debate)
Continued financial and military support to Ukraine by EU Member States (debate)
The devastating floods in Central and Eastern Europe, the loss of lives and the EU’s preparedness to act on such disasters exacerbated by climate change (debate)
Strengthening the security of Europe’s external borders: need for a comprehensive approach and enhanced Frontex support (debate)
The rise of religious intolerance in Europe (debate)
Consequences of the devastating forest fires in the Amazon and the importance of the Amazon for climate change (debate)
Empowering the Single Market to deliver a sustainable future and prosperity for all EU citizens (debate)
Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine (debate)
General budget of the European Union for the financial year 2025 – all sections (debate)
Tackling the steel crisis: boosting competitive and sustainable European steel and maintaining quality jobs (debate)
Presentation of the Court of Auditors' annual report 2023 (debate)
The devastating floods in Spain, the urgent need to support the victims, to improve preparedness and to fight the climate crisis (debate)
EU-US relations in light of the outcome of the US presidential elections (debate)
Fight against money laundering and terrorist financing: listing Russia as a high-risk third country in the EU (debate)
Enhancing Europe’s civilian and defence preparedness and readiness (debate)
Shadow reports (5)
REPORT on the Council position on Draft amending budget No 2/2024 of the European Union for the financial year 2024 entering the surplus of the financial year 2023
REPORT on the proposal for a decision of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund for Displaced Workers (application from Belgium – EGF/2024/001 BE/Match-Smatch)
REPORT on the Council position on the draft general budget of the European Union for the financial year 2025
REPORT on the Council position on Draft amending budget No 4/2024 of the European Union for the financial year 2024 - update of revenue (own resources) and adjustments to some decentralised agencies
REPORT on the joint text on the draft general budget of the European Union for the financial year 2025 approved by the Conciliation Committee under the budgetary procedure
Institutional motions (3)
MOTION FOR A RESOLUTION on the devastating floods in central and eastern Europe, the loss of lives and the EU’s preparedness to act on such disasters exacerbated by climate change
JOINT MOTION FOR A RESOLUTION on the devastating floods in central and eastern Europe, the loss of lives and the EU’s preparedness to act on such disasters exacerbated by climate change
MOTION FOR A RESOLUTION Iraq, notably the situation of women’s rights and recent proposal to amend the Personal Status Law
Written questions (3)
Political pressure on content moderation and limiting freedom of speech in social media
Housing crisis in the EU – urgent need to repeal Directive 2024/1275 on the energy performance of buildings
Implementation of the Pact on Migration and Asylum
Amendments (681)
Amendment 18 #
2023/2123(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that the first pilot auction in particular should aim also to attract smaller, developing projects; asks the Commission, therefore, to alleviate the administrative burden and adjust some of the elements of the mechanism design – namely the requirement for the minimum installed electrolyser capacity and the restriction on bid size – in order to facilitate the participation of small and medium-sized entities;
Amendment 21 #
2023/2123(INI)
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Calls on the Commission to consider the need for introducing inflation indexation to the provided fixed premium, in order to ensure stability and protect producers – especially small and medium-sized producers – from potential future increases in the prices of energy and raw materials;
Amendment 30 #
2023/2123(INI)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Stresses the importance of geographical balance to enable the production and use of renewable hydrogen across the EU and to avoid regional consolidation and further deepening of regional differences across the EU that already exist due to the varying extent of hydrogen market development; calls on the Commission to develop regional auctions;
Amendment 32 #
2023/2123(INI)
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Calls on the Commission not only to take into account the price but also to include a transparent points system for ranking bids; notes that such a system should reward bids that deliver the highest level of sustainability or lead to job creation and take into account the reskilling or upskilling of workers; stresses that the regional dimension should also be taken into account, as considering solely the price will result in strengthening the already developed and biggest producers consolidated in a handful of EU regions;
Amendment 11 #
2023/2078(INI)
Motion for a resolution
Recital A
Recital A
A. whereas the Banking Union (BU), which currently encompasses the Single Supervisory Mechanism and the Single Resolution Mechanism, needs to be supplemented by the creation of awhile the European deposit insurance scheme (EDIS) has yet to be created;
Amendment 17 #
2023/2078(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas the main objective of the Banking Union is to safeguard the stability of the banking sector in Europe and prevent the need to bail out banks at risk of failure with taxpayers' money;
Amendment 19 #
2023/2078(INI)
Motion for a resolution
Recital B
Recital B
Amendment 34 #
2023/2078(INI)
Motion for a resolution
Recital E
Recital E
E. whereas fragmentation and the lack of cross-border consolidation of the EU banking sector is affecting its global competitiveness; whereas the profitability gap between EU and US banks has widened;
Amendment 52 #
2023/2078(INI)
Motion for a resolution
Recital G a (new)
Recital G a (new)
G a. whereas breaking the state-bank doom loop must be a priority for the Banking Union;
Amendment 74 #
2023/2078(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Condemns the Russian aggression against Ukraine and its impact on the Ukrainian people, on the EU and elsewhere; calls on banks to continue reducing their exposure to energy intensive corporates;
Amendment 89 #
2023/2078(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Asks the Commission to retain the completion of the BU and the Capital Markets Union as key priorities for its next mandate; highlights that both projects offer households and SMEs access to broader funding, increasthis can help ensure financial stability, reduce the impact of economic downturns, fund the transition to a green and digital economy and unlock the EU’'s growth potential;
Amendment 104 #
2023/2078(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
Amendment 128 #
2023/2078(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Notes that the NPL ratio decreased further; calls for the adoption of the proposal for a AECE Directive to develop NPL secondary markets;
Amendment 144 #
2023/2078(INI)
11 a. Highlights that banks' exposure to domestic sovereign debt remains high, and draws attention to the risks involved; recalls that one of the main objectives of the Banking Union is to break the state- bank doom loop and the link between bank risk and sovereign risk;
Amendment 166 #
2023/2078(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Highlights the importance of combining furtherproblems and challenges associated with the host-host issue; points out that greater market integration withrequires credible safeguards addressing the home- host issueguarantees for host countries to be reflected in EU law;
Amendment 187 #
2023/2078(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Welcomes the proposal to reform the CMDI framework following calls by Parliament; calls for the scope of resolution to be expanded, clarification of public interest assessments to be clarified and for the scope of State aid to be limited;
Amendment 201 #
2023/2078(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. RegretNotes the lack of progress following the calls by MEPs in their statement of 7 December 2022 for negotiations on EDIS to be resumed;
Amendment 205 #
2023/2078(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Welcomes the Commission’s efforts to clarify the scope of depositor protection and increase convergence through a reform of 2014/49/EU on deposit guarantee schemes3; warns that the CMDI review cannot be considered a replacement for EDIS; _________________ 3 OJ L 173, 12.6.2014, p. 149.
Amendment 217 #
2023/2078(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Notes that effective risk reduction is key for EDIS; highlights that the CMDI review provides co-legislators with an opportunity to resume negotiationsRecognises that EDIS could improve protection for depositors in the EU; considers, however, that the main obstacle to the introduction of EDIS is risk concerns in some banking systems; stresses that risk mitigation is key to an agreement on EDIS;
Amendment 5 #
2023/2063(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the Union economy is expected to gradually recover in 2024, with a forecast growth of 1.3 % of GDP and a generally robust labour marketow slightly in 2024, while the IMF expects that its GDP growth in the EU will amount to 1.2% and the average forecast suggests that it may amount to only 0.5%; points, however, to the various risks and uncertainties, which put a strain on European businesses, public finance and people, and affect some Member States more than others;
Amendment 13 #
2023/2063(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Takes note of the proposed reform of the economic governance framework of the Union; believes that the new framework should ensure clear and flexibletransparent implementation and provide the adequate fiscal space for Member States to invest in the EU’s strategic priorities, as well as in defense investments; recalls its position that an EU-level permanent crisis instrument will contribute to ensuring a sufficiently high level of strategic investment and an appropriate fiscal stance at the aggregate level;
Amendment 21 #
2023/2063(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. StressNotes the sucimplementation process of the Recovery and Resilience Facility (RRF) inthat should supporting the recovery of EU economies andnotes its should have a positive impact on the implementation of the country-specific recommendations and on investments in EU priorities; points out that the level of implementation of the RRF is currently much lower than expected and warns against the consequences of further delays; welcomes the fact that most Member States have submitted revised national plans, including REPowerEU chapters; stresses that investments in line with European objectives, notably those of the RRF and REPowerEU, as well as defense investments should be treated favourably for the calculation of excessive debt;
Amendment 31 #
2023/2063(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Recalls that the substantial increase in interest rates has driven up the borrowing costs for the European Recovery Instrument (EURI); reiterates, therefore, its calls for progress on the introduction of new own resources; strongly supportsavoidance of further borrowing and for restraint in planning the EU budget; stresses the need to carefully consider the advantages and disadvantages of the Commission proposal for a EURI instrument outside the ceilings of the multiannual financial framework to cover the excess costs for interest payments;
Amendment 37 #
2023/2063(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Calls for a thorough rethinking of the issue of a possible increased role of Parliament’s role in the reform of the economic governance framework and the European Semester to be strengthened.
Amendment 81 #
2023/0264(BUD)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines the key role cohesion policy plays in delivering on EU policy priorities and boosting the EU economy by contributing to fair and sustainable growth and development, promoting economic and social convergence between countries and regions, supporting the green and digital transitions, and fostering innovation and employment; calls on the Commission and the Member States to accelerate implementation of cohesion policy; notes that the amount of payments proposed by the Commission for 2024 is much lower than the forecasts provided by the Member States; is of the opinion that this poses a threat to the accumulation of payments in the years 2025 - 2027; stresses that it is necessary to adopt traditional mechanisms to modify the amount of payments in shared management programmes during the financial year to ensure the possibility of rapid reaction in the event of an expected acceleration of the implementation of cohesion policy projects;
Amendment 120 #
2023/0264(BUD)
Motion for a resolution
Paragraph 35
Paragraph 35
35. Reiterates its concern about the negative impact of Russia’s war of aggression against Ukraine on global food security and affordability and about farmers’ ability to withstand inflationary pressure and increased input prices; underlines the challenge for European farmers to cope with competition from Ukrainian agricultural products flowing into the EU; calls on the Commission to propose appropriate solutions that support European farmers without blocking the transit of Ukrainian crops to third countries; emphasises the need to help new and young farmers as a structural solution and thereby ensure the sustainability of the sector and generational renewal; proposes, therefore, to increase income support to young farmers by EUR 40 million above DB;
Amendment 129 #
2023/0264(BUD)
Motion for a resolution
Paragraph 40
Paragraph 40
40. Underlines that Russia’s war of aggression against Ukraine, armed conflicts and instability in neighbouring regions, as well as poverty and underlying trends in economic development, demographic changes, globalisation in transport and communications continue to push people to come to the Union for refuge, in search of a better life or to reunite with close family members, placing significant pressure on programmes and agencies under Heading 4; recalls, in that regard, its view that financing under the Heading should be increased by EUR 250 million in 2024, in line with its MFF interim report; in this context, strongly condemns the use of the difficult situation of refugees to launch hybrid attacks and put pressure on the borders of Member States, in particular those bordering Russia and Belarus; is of the opinion that such attacks should be opposed in solidarity and consistently, without allowing third countries to instrumentalise refugees and use them to exert political pressure;
Amendment 134 #
2023/0264(BUD)
Motion for a resolution
Paragraph 41
Paragraph 41
41. Stresses that the war has vastly increased pressure on asylum systems in the Member States and that the Union must provide longer-term support to the host Member States to facilitate the reception and integration of refugees from Ukraine, face the recent migration trends via the Mediterranean route and anticipate the financial implications of a timely agreement on the Pact on Asylum and Migration (AMIF); decides, therefore, to reinforce the Asylum, Migration and Integration Fund by EUR 110 million above DB in 2024 given AMIF’s positive contribution in providing immediate support to refugees; underlines that AMIF must play a key role in contributing to countering irregular migration and strengthening the effectiveness of return and readmission in third countries for migrants with no right to stay in the EU;
Amendment 136 #
2023/0264(BUD)
Motion for a resolution
Paragraph 41
Paragraph 41
41. Stresses that the war has vastly increased pressure on asylum systems in the Member States and that the Union must provide longer-term support to the host Member States to facilitate the reception and integration of refugees from Ukraine, face the recent migration trends via the Mediterranean route and anticipate the financial implications of a timely agreement on the Pact on Asylum and Migration (AMIF); is also of the opinion that Member States hosting Ukrainian refugees should receive additional financial support; decides, therefore, to reinforce the Asylum, Migration and Integration Fund by EUR 110 million above DB in 2024 given AMIF’s positive contribution in providing immediate support to refugees;
Amendment 140 #
2023/0264(BUD)
Motion for a resolution
Paragraph 43
Paragraph 43
43. Stresses that effective and fair management and protection of the Union’s external borders are key to ensuring the security of the Union, guaranteeing the smooth and efficient implementation of the Union’s migration and asylum policy and preserving the free movement of people within the Union and the proper functioning of the Schengen area; stresses, moreover, the need to better prevent irregular migration to protect vulnerable people from smuggling and trafficking networks and address the instrumentalisation of migrants as part of hybrid attacks; considers it necessary to provide adequate financing in relation to ongoing migration challenges due to the current situation in Ukraine and the possible development of the refugee crisis; underlines the vital role that the Border Management and Visa Instrument (BMVI) plays in that regard; notes that the Commission proposes to reinforce the BMVI above financial programming levels in the DB, though points out that this ‘reinforcement’ only partially offsets repeated redeployments from the BMVI to finance revised agency mandates; proposes to increase appropriations for the BMVI by EUR 60 million above DB, including to support Romania and Bulgaria in their preparations for accession to the Schengen area;
Amendment 143 #
2023/0264(BUD)
Motion for a resolution
Paragraph 44
Paragraph 44
44. Highlights the need for a further increase in appropriations and staff for eu- LISA to ensure that the agency can implement critical internal security and border management projects; underlines the need for the European Border and Coast Guard Agency (Frontex) to have the requisite resources to carry out its operational activities effectivelyprotect EU citizens by supporting the Member States in managing the EU's external borders and tackling cross-border crime and decides, therefore, to restore the DB for the agency;
Amendment 149 #
2023/0264(BUD)
Motion for a resolution
Paragraph 49
Paragraph 49
49. Notes the importance of ‘military mobility’ in enabling Member States to provide rapid support in the context of the war; stresses that moving military and humanitarian aid cargo across borders remains a challenge and that timely provision of military support to Ukraine largely depends on the infrastructure capacity; emphasises the urgent need to adapt the EU’s transport corridors and logistic hubs and infrastructure for heavy and large-scale military transport in support of our partners in EU’s unstable neighbourhood and as a vital part of any crisis management on our own soil; underlines that the programme is heavily oversubscribed, has substantial absorption capacity and will be fully committed by the end of 2023; decides, therefore, to increase appropriations for ‘military mobility’ by EUR 45 million above DB;
Amendment 155 #
2023/0264(BUD)
Motion for a resolution
Paragraph 53
Paragraph 53
53. Stresses the importance of the Southern Neighbourhood line in supporting political, economic and social reforms in the region, in providing assistance to refugees, in particular Syrian and Palestinian refugees, and in enabling support along the southern migration routes; proposes, therefore, to increase appropriations for the line by EUR 650 million above DB, including to ensure predictable funding for UNWRA;
Amendment 365 #
2023/0210(COD)
Proposal for a regulation
Article 55 – paragraph 1 – subparagraph 1
Article 55 – paragraph 1 – subparagraph 1
Where a payment service user denies having authorised an executed payment transaction or claims that the payment transaction was not correctly executed, the burden shall be on the payment service provider to prove that the payment transaction wasfollowed required authentification and authorised, was accurately recorded, entered in the accounts and not affected by a technical breakdown or some other deficiency of the service provided by the payment service provider. Until other evidence is collected and properly assesed, the payment service provider is entitled to treat the tramsaction as authorised and correctly executed.
Amendment 369 #
2023/0210(COD)
Proposal for a regulation
Article 55 – paragraph 1 – subparagraph 2
Article 55 – paragraph 1 – subparagraph 2
If the payment transaction is initiated through a payment initiation service provider, the burden shall be on the payment initiation service provider to prove that within its sphere of competence, the payment transaction was authorised,followed required authentification and was accurately recorded and not affected by a technical breakdown or other deficiency linked to the payment service of which it is in charge. Until other evidence is collected and properly assesed, the payment service is entitled to treat the transaction as authorised and correctly executed.
Amendment 373 #
2023/0210(COD)
Proposal for a regulation
Article 55 – paragraph 2
Article 55 – paragraph 2
2. Where a payment service user denies having authorised an executed payment transaction, the use of a payment instrument recorded by the payment service provider, including the payment initiation service provider as appropriate, shall in itself not necessarily be sufficient to prove either that the payment transaction was authorised by the payer or that the payer acted fraudulently or failed with intent or gross negligence to fulfil one or more of the obligations under Article 52. The payment service provider, including, where appropriate, the payment initiation service provider, shall provide supporting evidence to prove fraud or gross negligence on part of the payment service user.
Amendment 398 #
2023/0210(COD)
Proposal for a regulation
Article 59 – paragraph 1
Article 59 – paragraph 1
1. Where a payment services user who is a consumer was manipulated by a third party pretending to be an employee of the consumer’s payment service provider using the name orand e-mail address or name and telephone number of that payment service provider unlawfully and that manipulation gave rise to subsequent fraudulent authorised payment transactions, the payment service provider shall refund the consumer the full amount of the fraudulent authorised payment transaction under the condition that the consumer has, without any delay, reported the fraud to the police and notified its payment service provider.
Amendment 405 #
2023/0210(COD)
Proposal for a regulation
Article 59 – paragraph 2 – introductory part
Article 59 – paragraph 2 – introductory part
2. Within 10 business days after noting or being notified of the fraudulent authorised payment transaction and provided that the consumer has reported the fraud to the police as provided under paragraph 1, the payment service provider shall do either of the following:
Amendment 109 #
2023/0200(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) The Union should also foster close consultation and association of local authorities, which embrace a large variety of sub-national levels and branches of government, including regions, municipalities, rayons and hromadas and their associations, as well as their participation in the recovery, reconstruction and modernisation of Ukraine, based on sustainable development and through the implementation of the Sustainable Development Goals at local level. Funding should place a special emphasis towards locally based small and medium enterprises and operating in good standing within regions across Ukraine to ensure that sustainable development is directly interlinked with local businesses and entrepreneurs; the introduction of private equity firms that invest in SMEs to assist their growth and incubation should be considered as ideal partners for targeted regional investment. The Union should recognise the multiple roles played by the local authorities as promoters of a territorial approach to local development, including decentralisation processes, participation and accountability, and further enhance its support for local authorities’ capacity building.
Amendment 126 #
2023/0200(COD)
Proposal for a regulation
Recital 31
Recital 31
(31) Reconstruction from the damage caused by the war of Russian aggression cannot be limited to rebuilding what was destroyed as it was before the war. The reconstruction offers an opportunity to support Ukraine in its process of integration into the Single Market and in accelerating its sustainable green and digital transitions, in line with Union policies. The Facility should promote reconstruction in a way that modernises and improves Ukraine’s economy and society, building on Union rules and standards, by investing in the transition of Ukraine towards a green, digital and inclusive economy and in the recovery, reconstruction and modernisation of its critical infrastructure, productive capacity and human capital in a resilient way. It should also take into account the need to create habitable spaces resistant to the likely future aggressive actions of Russia using the best modern practices of urban planning.
Amendment 131 #
2023/0200(COD)
Proposal for a regulation
Recital 31 a (new)
Recital 31 a (new)
(31a) The Facility should also include provisions that would allow using frozen and confiscated Russian funds and assets as additional sources of financing, should an appropriate legal framework of doing so be established;
Amendment 133 #
2023/0200(COD)
Proposal for a regulation
Recital 32
Recital 32
(32) The Facility should contribute to alleviating and repairing enormous environmental damage caused by Russian aggressors, including the floods caused by blowing up the Kakhovka hydroelectric dam and bombing and mining of a large territory of Ukraine. It should also contribute to the adherence to the Paris Agreement and the United Nations Framework Convention on Climate Change, the United Nations Convention on Biological Diversity and the United Nations Convention to Combat Desertification and should not contribute to environmental degradation or cause harm to the environment or climate. In particular, funding allocated in the context of the Facility should be coherent with the long-term goal of holding the increase in the global average temperature to well below 2°C above pre- industrial levels and pursuing efforts to limit the temperature increase to 1,5°C. It should also be coherent with the objective to increase the ability to adapt to the adverse effects of climate change and foster climate resilience, and with the support of biodiversity conservation, circular economy and zero-pollution. Particular attention should be given to actions that create co-benefits and meet multiple objectives, including for climate, biodiversity and the environment.
Amendment 138 #
2023/0200(COD)
Proposal for a regulation
Recital 34
Recital 34
(34) The implementation of this Regulation should be guided by the principles of equality and non- discrimination, as elaborated in the Union of Equality strategies. It should promote gender equality and the empowerment of women and girls, and seek to protect and promote women’s and girls’ rights in line with the EU Gender Action Plans and relevant Council conclusions and international conventions. The implementation of the Facility should be in line with the United Nations Convention on the Rights of Persons with Disabilities and ensure accessibility in its investments and technical assistance. It should also support and promote the implementation of a child care system reform strategy in Ukraine.
Amendment 142 #
2023/0200(COD)
Proposal for a regulation
Recital 35
Recital 35
(35) Strengthening the rule of law, including the independence of the judiciary, the fight against corruption, money laundering and organised crime, as well as transparency, good governance at all levels, through guaranteeing the legal personality of municipalities and maintaining support for NATO standardisation and integration to ensure that stabilisation efforts are long-lasting and thus generate encouraging conditions for investment while safeguarding the free and pluralistic media and fighting disinformation, strengthening public administration reform, including in the fields of public procurement, competition and State aid, remain key challenges and are essential for Ukraine to come closer to the Union and to prepare to fully assume the obligations of Union membership. In view of the longer-term nature of the reforms pursued in those areas and the need to build up track records, support under the Ukraine Facility should address those issues as early as possible.
Amendment 148 #
2023/0200(COD)
Proposal for a regulation
Recital 38
Recital 38
(38) Actions under the Ukraine Facility should also support, where appropriate, confidence-building measures and processes that promote justice, truth- seeking, reparations and guarantees of non- recurrence as well as collection of evidence of crimes committed during the war. for the purpose of creating an international tribunal to consider crime of war on aggression and crimes committed by Russia during the full-scale war in Ukraine.
Amendment 155 #
2023/0200(COD)
Proposal for a regulation
Recital 39
Recital 39
(39) The support under the Facility should be made available under the precondition that Ukraine continues to respect effective democratic mechanisms and institutions, including a multi-party parliamentary system, and the rule of law, and to guarantee respect for human rights, including the rights of persons belonging to minorities., as well as continued advances in fighting corruption;
Amendment 210 #
2023/0200(COD)
Proposal for a regulation
Recital 78
Recital 78
(78) It is important to guarantee both flexibility and programmability as well as stability in providing Union support to Ukraine. For that purpose, payments under the Facility should occur according to a fixed quarterly schedule, subject to availability of funding, based on a payment request submitted by Ukraine and following verification by the Commission of the satisfactory fulfilment of the relevant conditions. In case a condition is not fulfilled in accordance with the indicative timeline set in the decision approving the Plan, the Commission should deduct from the payment an amount corresponding to those conditions. The disbursement of the corresponding withheld funds could take place during the next payment window and up to twelve months after the original deadline set out in the indicative timeline, provided the conditions have been fulfilled.
Amendment 233 #
2023/0200(COD)
Proposal for a regulation
Recital 90
Recital 90
(90) The reinforcement of internal control systems, the fight against corruption, the promotion of transparency, good administration, and efficient public financial management and strengthening the civil society are important reform priorities for Ukraine and should be supported by the Facility.
Amendment 283 #
2023/0200(COD)
Proposal for a regulation
Article 3 – paragraph 2 – point c
Article 3 – paragraph 2 – point c
(c) foster the transition to a sustainable and inclusive economy and a stable investment environment; support the integration of Ukraine into the Single Market; repair, rebuild and improve social infrastructure, such as housing, healthcare facilities, schools and higher education institutions, and research infrastructure; strengthen economic and social development, with particular attention to women and youth, including through quality education, training, reskilling and upskilling, specific exchange programmes for students, researchers and public servants, and employment policies, including for researchers; support culture and cultural heritage; strengthen strategic economic sectors and support investment and private sector development, with a focus on small and medium-sized enterprises (SMEs) and innovation, as well as on agriculture and rural development, aquaculture and fisheries; restructure Ukraine’s financial markets, including banking sector and capital markets; increase domestic revenue mobilisation; strengthen Ukraine’s ability to trade;
Amendment 292 #
2023/0200(COD)
Proposal for a regulation
Article 3 – paragraph 2 – point d
Article 3 – paragraph 2 – point d
(d) further strengthen the rule of law, democracy, the respect of human rights and fundamental freedoms, including through promoting an independent judiciary, reinforced security, the fight against fraud, corruption, organised crime and money laundering, tax evasion and tax fraud; compliance with international law; strengthen freedom of media and academic freedom and an enabling environment for civil society; foster social dialogue; promote the rights of children, as well as non-discrimination and tolerance, to ensure and strengthen respect for the rights of persons belonging to minorities and the promotion of gender equality; reinforce the effectiveness of public administration and support transparency, structural reforms and good governance at all levels, including in the areas of public financial management and public procurement and State aid; support initiatives and bodies involved in supporting and enforcing international justice in Ukraine;
Amendment 299 #
2023/0200(COD)
Proposal for a regulation
Article 3 – paragraph 2 – point f
Article 3 – paragraph 2 – point f
(f) support decentralisation and local development. in accordance with plans put forward by Ukraine;
Amendment 311 #
2023/0200(COD)
Proposal for a regulation
Article 4 – paragraph 5
Article 4 – paragraph 5
5. The Facility shall not support activities or measures which are incompatible with Ukraine’s National Energy and Climate Plan, if available, with Ukraine’s Nationally Determined Contribution under the Paris Agreement, or that promote investments in fossil fuels, or that cause significant adverse effects on the environment or the climate, unless such activities or measures are strictly necessary to achieve the objectives of the Facility, taking into account the need to rebuild and modernise infrastructure damaged by the war in a resilient way, and they are accompanied, where relevant, by appropriate measures to avoid, prevent or reduce and, if possible, offset these effects.
Amendment 321 #
2023/0200(COD)
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. A precondition for the support to Ukraine under the Facility shall be that Ukraine continues to uphold and respect effective democratic mechanisms, including a multi-party parliamentary system, and the rule of law, and to guarantee respect for human rights, including the rights of persons belonging to minorities. , and to continue to fight corruption and build adequate safeguards and institutions for countering it;
Amendment 339 #
2023/0200(COD)
Proposal for a regulation
Article 7 – paragraph 1 – subparagraph 1
Article 7 – paragraph 1 – subparagraph 1
Member States, third countries, international organisations, international financial institutions or other sources may provide additional financial contributions to the Facility. Such contributions shall constitute external assigned revenue within the meaning of Article 21(2), points (a)(ii), (d), and (e) of Regulation (EU, Euratom) 2018/1046. Moreover, the Facility shall be open for additional financial contributions coming from the Russian frozen and / or confiscated assets and funds should the relevant legal framework to do so be put in place;
Amendment 364 #
2023/0200(COD)
Proposal for a regulation
Article 11 – paragraph 1 – point a
Article 11 – paragraph 1 – point a
(a) Member States, Ukraine, contracting parties to the Agreement on the European Economic Area and countries covered by Annex I to Regulation (EU) 2021/947 and Annex I to Regulation (EU) 2021/1529 of the European Parliament and of the Council22 , as well as United Kingdom; _________________ 22 Regulation (EU) 2021/1529 of the European Parliament and of the Council of 15 September 2021 establishing the Instrument for Pre-Accession assistance (IPA III) (OJ L 330, 20.9.2021, p. 1).
Amendment 451 #
2023/0200(COD)
Proposal for a regulation
Article 25 – paragraph 1
Article 25 – paragraph 1
1. Payments of the non-repayable financial support and of the loan to Ukraine under this Article shall be made in accordance with the budget appropriations and subject to the available funding. Payments shall be made in instalments. An instalment may be disbursed in one or more tranches.
Amendment 101 #
2023/0199(COD)
Proposal for a regulation
Recital 4
Recital 4
(4) There is a need to support critical technologies in the following fields: deep and digital technologies, clean technologies, and biotechnologies (including the respective critical raw materials value chains), in particular projects, companies and sectors with a critical role for EU’s competitiveness and resilience and its value chains. By way of example, deep technologies and digital technologies should include microelectronics, high-performance computing, quantum technologies (i.e., computing, communication and sensing technologies), cloud computing, edge computing, and artificial intelligence, cybersecurity technologies, robotics, 5G and advanced connectivity and virtual realities, including actions related to deep and digital technologies for the development of defence and aerospace applications. Clean technologies should include, among others, renewable energy; electricity and heat storage; heat pumps; electricity grid; renewable fuels of non- biological origin; sustainable alternative fuels; electrolysers and fuel cells; carbon capture, utilisation and storage; energy efficiency; hydrogen and its related infrastructure; smart energy solutions; technologies vital to sustainability such as water purification and desalination; advanced materials such as nanomaterials, composites and future clean construction materials, and technologies for the sustainable extraction and processing of critical raw materials. It should also include nuclear energy fully recognising the strategic importance of the European nuclear supply chain for energy security and transition targets. Biotechnology should be considered to include technologies such as biomolecules and its applications, pharmaceuticals and medical technologies vital for health security, crop biotechnology, and industrial biotechnology, such as for waste disposal, and biomanufacturing. The Commission may issue guidance to further specify the scope of the technologies in these three fields considered to be critical in accordance with this Regulation, in order to promote a common interpretation of the projects, companies and sectors to be supported under the respective programmes in light of the common strategic objective. Moreover, technologies in any of these three fields which are subjects of an Important Project of Common European Interest (IPCEI) approved by the Commission pursuant to Article 107(3), point (b) TFEU should be deemed to be critical, and individual projects within the scope of such an IPCEI should be eligible for funding, in accordance with the respective programme rules, to the extent that the identified funding gap and the eligible costs have not yet been completely covered.
Amendment 117 #
2023/0199(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) The scale of investments needed for the transition require a full mobilisation of funding available under existing EU programmes and funds, inclusive those granting a budgetary guarantee for financing and investment operations and implementation of financial instruments and blending operations. Such funding should be deployed in a more flexible manner, to provide timely and targeted support for critical technologies in strategic sectors. Therefore, a Strategic Technologies for Europe Platform (‘STEP’) should give a structural answer to the Union investment needs by helping to better channel the existing EU funds towards critical investments aimed at supporting the development or manufacturing of critical technologies, while preserving a level playing field in the Single Market, thereby preserving cohesion and aiming at a geographically balanced distribution of projects financed under the STEP in accordance with the respective programme mandates. It should also address the problem of market-distorting subsidy race to lure green investments within the Union that was launched with relaxation of state aid rules. The race that undermines the level playing field, compromises fairness among Member States with different fiscal capacities and contributes to fragmentation within the bloc to countries - producers of new technologies and countries that are left with a role of consumers of these technologies. The Platform, that would serve as a prototype of Sovereignty Fund, should constitute an effective solution for prioritizing European industrial champions on the global stage without undermining EU cohesiveness.
Amendment 152 #
2023/0199(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) Directive 2003/87/EC54 should be amended to allow for additional financing with a financial envelope for the period 2024-2027 of EUR 5 billion. The Innovation Fund supports investments in innovative low-carbon technologies, which is a scope that is to be covered by the STEP. The increase in volume of the Innovation Fund should therefore allow to provide financing responding to the objective of supporting the development or manufacturing in the Union of critical clean technologies. In line with the objectives of ensuring cohesion and promoting the Single Market, and in order to support the green transition and the development of clean technologies throughout the Union, and to mitigate unhealthy competition to lure green investments that compromises fiscal stability and fairness among Member States, the additional financial envelope should be made available through calls for proposals open to entities from Member States whose average GDP per capita is below the EU average of the EU-27 measured in purchasing power standards (PPS) and calculated on the basis of Union figures for the period 2015-2017. _________________ 54 Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading (OJ L 275, 25.10.2003, p. 32).
Amendment 235 #
2023/0199(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point c
Article 3 – paragraph 1 – point c
(c) an amount of EUR 58 000 000 000 in current prices of the financial envelope referred to in the sixth subparagraph of Article 10a(8) of Directive 2003/87/EC. That amount shall be implemented within the Innovation Fund in accordance with the rules of Article 10a(8) of Directive 2003/87/EC and Commission Delegated Regulation [2019/856].
Amendment 237 #
2023/0199(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point d
Article 3 – paragraph 1 – point d
(d) An amount of EUR 12 500 000 000 in current prices of the financial envelope referred to in Article 4(1) of Regulation (EU) 2021/697. That amount shall be implemented in accordance with Regulation (EU) 2021/697.
Amendment 260 #
2023/0199(COD)
Proposal for a regulation
Article 4 – paragraph 3
Article 4 – paragraph 3
3. When revising their recovery and resilience plans in accordance with Regulation (EU) 2021/241, Member States shallmay, without prejudice to the provisions of that Regulation, consider as a priority action which have been awarded a Sovereignty Seal in accordance with paragraph 1.
Amendment 262 #
2023/0199(COD)
Proposal for a regulation
Article 4 – paragraph 4
Article 4 – paragraph 4
4. When deciding on investment projects to finance from their respective shares of the Modernisation Fund in accordance with Article 10d of Directive 2003/87/EC, Member States shallmay consider as a priority project for critical clean technologies which have received the Sovereignty Seal in accordance with paragraph 1. In addition, Member States may decide to grant national support to projects with a Sovereignty Seal contributing to the Platform objective referred to in Article 2(1), point (a)(ii).
Amendment 306 #
2023/0199(COD)
Proposal for a regulation
Article 9 – paragraph 1 – point 1
Article 9 – paragraph 1 – point 1
Directive 2003/87/EC
Article 10 – subsection a – point 8 – sixth subparagraph
Article 10 – subsection a – point 8 – sixth subparagraph
In addition to the allowances referred to in the first to fifth subparagraphs of this paragraph, the Innovation Fund shall also implement a financial envelope for the period from 1 January 2024 to 31 December 2027 of EUR 58 000 000 000 in current prices for supporting investments contributing to the STEP objective referred to in Article 2, point (a)(ii) of Regulation .../...63 [STEP Regulation]. This financial envelope shall be made available to support investments only in Member States whose average GDP per capita is below the EU average of the EU-27 measured in purchasing power standards (PPS) and calculated on the basis of Union figures for the period 2015-2017 _________________ 63 Regulation …/… of the European Parliament and of the Council … [insert full title and OJ reference].
Amendment 317 #
2023/0199(COD)
Proposal for a regulation
Article 11 – paragraph 1 – point 1 a (new)
Article 11 – paragraph 1 – point 1 a (new)
Regulation (EU) 2021/1056
Article 8 – paragraph 2 – point f
Article 8 – paragraph 2 – point f
(1a) Article 8(2), point (f) is replaced by the following: ‘investments in smart and sustainable mobility, including decarbonisation of the transport sector, its infrastructure and purchase of low-emission bus and rail- rolling stock;’
Amendment 318 #
2023/0199(COD)
Proposal for a regulation
Article 11 – paragraph 1 – point 1 b (new)
Article 11 – paragraph 1 – point 1 b (new)
Regulation (EU) 2021/1056
Article 8 – paragraph 2 – point i
Article 8 – paragraph 2 – point i
(1b) Article 8(2), point (i) is replaced by the following: ‘investments in regeneration and decontamination of brownfield sites, land restoration and including, where necessary, green infrastructure and repurposing projects, taking into account the ‘polluter pays’ principle, as well as investments in revitalisation and repurposing of mines surrounding urban areas;
Amendment 322 #
2023/0199(COD)
Proposal for a regulation
Article 11 – paragraph 1 – point 2 a (new)
Article 11 – paragraph 1 – point 2 a (new)
Regulation (EU) 2021/1056
Article 10 – paragraph 3
Article 10 – paragraph 3
(2a) In Article 10, paragraph 3 is replaced by the following: In accordance with Article 112 of Regulation (EU) 2021/1060, the co- financing rate, applicable to the region where the territory or territories identified in the territorial just transition plans in accordance with Article 11 of this Regulation are located, for the JTF priority or priorities shall not be higher than 85 %.
Amendment 328 #
2023/0199(COD)
Proposal for a regulation
Article 13 – paragraph 1 – point 3 a (new)
Article 13 – paragraph 1 – point 3 a (new)
Regulation (EU) 2021/1060
Article 112 – paragraph 3 – fifth subparagraph
Article 112 – paragraph 3 – fifth subparagraph
(3a) In Article 112(3), the fifth subparagraph is replaced by the following: 'The co-financing rate, applicable to the region where the territory or territories identified in the territorial just transition plans are located, for the priority supported by the JTF shall not be higher than 85%.'
Amendment 330 #
2023/0199(COD)
Proposal for a regulation
Article 14 – paragraph 1 – point -1 (new)
Article 14 – paragraph 1 – point -1 (new)
Regulation (EU) No 1303/2013
Article 65 – paragraph 2
Article 65 – paragraph 2
(-1) In Article 65, paragraph 2 is replaced by the following: 'Expenditure shall be eligible for a contribution from the ESI Funds if it has been incurred by a beneficiary and paid between the date of submission of the programme to the Commission or from 1 January 2014, whichever is earlier, and 31 December 2024. In addition, expenditure shall only be eligible for a contribution from the EAFRD if the relevant aid is actually paid by the paying agency between 1 January 2014 and 31 December 2024.'
Amendment 357 #
2023/0199(COD)
Proposal for a regulation
Article 16 – paragraph 1 – point 6 a (new)
Article 16 – paragraph 1 – point 6 a (new)
Regulation (EU) 2021/523
Article 13 – paragraph 7 – second subparagraph
Article 13 – paragraph 7 – second subparagraph
(6a) In Article 13 (7), second subparagraph is replaced by the following: Contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in point (a) of Article 16(1) under the EU guarantee referred to in the first subparagraph of Article 4(2) shall be signed at the latest two years after the approval of the relevant financing or investment operation by the implementing partner. In other cases, contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in point (a) of Article 16(1) shall be signed by 31 December 2028.
Amendment 389 #
2023/0199(COD)
Proposal for a regulation
Article 18 – paragraph 1 – point 1 – point c
Article 18 – paragraph 1 – point 1 – point c
Regulation (EU) 2021/697
Article 4 – paragraph 5
Article 4 – paragraph 5
An amount of EUR 12 500 000 000 in current prices of the amount referred to in paragraph 2 shall be allocated to calls for proposals or awards of funding supporting investments contributing to the STEP objectives referred to in Article 2(1), point (a)(i) of Regulation .../...70 [STEP Regulation]. _________________ 70 Regulation …/… of the European Parliament and of the Council … [insert full title and OJ reference].
Amendment 393 #
2023/0199(COD)
Proposal for a regulation
Article 19 a (new) Regulation (EU) 2021/1755
Article 19 a (new) Regulation (EU) 2021/1755
Article 19a Amendments to Regulation (EU) 2021/1755 [BAR] Regulation (EU) 2021/1755 is amended as follows: (1) Article 4a is added: ‘Transfer to the European Regional Development Fund or the European Social Fund Plus' 1. By 30 September 2024, Member States may submit to the Commission an amendment of a programme in accordance with the Art 24 of the CPR to transfer all or part of the amounts of their provisional allocation set out in the implementing act of the Commission referred to in Article 4(5) to dedicated priorities established to support STEP objectives, supported by the ERDF or the ESF +. If the transfer request is approved, the Commission shall amend the implementing act in order to reflect the adjusted amounts following the transfer. 2. Transferred resources shall be implemented in accordance with the rules of the Fund to which the resources are transferred. 3. Where a Member State chooses to transfer all of its provisional allocation to the ERDF or the ESF +, Article 10(1) shall not apply. 4. Article 10(2) shall not apply to the resources transferred to the ERDF or the ESF +.’
Amendment 336 #
2023/0138(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 4
Article 2 – paragraph 1 – point 4
(4) ‘nationally financed net expenditure path’ means the multi-annual trajectory for net expenditure real growth of a Member State as set by the Council;
Amendment 341 #
2023/0138(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 5
Article 2 – paragraph 1 – point 5
(5) ‘national medium-term fiscal- structural plan’ means the document containing the fiscal, structural reform and investment commitments of a Member State;
Amendment 358 #
2023/0138(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 9
Article 2 – paragraph 1 – point 9
(9) ‘structural balance’ means the cyclically adjusted general government balance net of one-off and temporary measures;
Amendment 363 #
2023/0138(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 10
Article 2 – paragraph 1 – point 10
(10) ‘structural primary balance’ means the cyclically adjusted general government balance net of one-off, temporary measures and net of interest expenditure.
Amendment 410 #
2023/0138(COD)
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. Member States shall take due account of the broad guidelines for the economic policies of the Member States, ofguidance addressed to them in the empdeveloypment guidelines and of the recommendations referred to in Article 3, second paragraph, points (a) and (b) before taking key decisions in the development of their economic, employment and budgetary policiesof their economic, employment and budgetary policies before taking key decisions on their national budgets for the succeeding years . Progress shall be monitored by the Commission.
Amendment 432 #
2023/0138(COD)
Proposal for a regulation
Article 5 – paragraph 1 a (new)
Article 5 – paragraph 1 a (new)
Based on an assessment of the Economic and Financial Committee, the Council shall, within the framework of multilateral surveillance under Article 121 TFEU, examine draft technical trajectories published by the Commission and assess whether the economic assumptions on which draft technical trajectories are based are plausible, and whether the fiscal adjustment effort is appropriate in order to promote the debt sustainability. The Council, on a recommendation from the Commission and after consulting the Economic and Financial Committee, shall adopt/endorse the draft technical trajectories. Expenditure paths adopted/endorsed by the Ecofin should become the basis for the EU fiscal surveillance and enforcement should there be no agreement on a medium-term fiscal- structural plan of a Member State.
Amendment 477 #
2023/0138(COD)
Proposal for a regulation
Article 6 – paragraph 1 – point d
Article 6 – paragraph 1 – point d
(d) the public debt ratio at the end of the planning horizon is belowin countries with the public debt ratio above 60% of GDP in the year before the start of the technical trajectory the public debt ratio at the end of the planning horizon is lower; and
Amendment 516 #
2023/0138(COD)
Proposal for a regulation
Article 7 – paragraph 1 – introductory part
Article 7 – paragraph 1 – introductory part
1. By [1 March]the end of November of the previous year of the year [xxxx] in which the Member States have to submit for the first time their medium-term fiscal- structural plans or, as appropriate, within 3 weeks from the request of the Member State to submit a new plan, the Commission shall publish:
Amendment 560 #
2023/0138(COD)
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
To assess plausibility that the projected public debt ratio of the Member State concerned is on a downward path or remains at a prudent level, the Commission shall use the commonly agreed methodology referred to in Annex V. The Commission shall make public its analysis of plausibility and the underlying data.
Amendment 604 #
2023/0138(COD)
Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 1
Article 11 – paragraph 1 – subparagraph 1
The national medium-term fiscal-structural plan shall provide the information listed in Annex II. In particular, it shall present a nationally financed net expenditure trajectory covering a period of at least 4 years, as well as the underlying macroeconomic assumptions and the planned fiscal-structural measures in order to demonstrate compliance with the requirements of Article 12.
Amendment 615 #
2023/0138(COD)
Proposal for a regulation
Article 11 – paragraph 1 – subparagraph 2
Article 11 – paragraph 1 – subparagraph 2
The national medium-term fiscal-structural plan shall also describe the actions of the Member State concerned to address the relevant country-specific recommendations, including those that are relevant for the Macroeconomic Imbalances Procedure, and the warnings by the Commission, where applicable, or the recommendations by the Council, where applicable, made pursuant to Article 121(4) TFEU.
Amendment 645 #
2023/0138(COD)
Proposal for a regulation
Article 12 – paragraph 1 – point b
Article 12 – paragraph 1 – point b
(b) explain how it will ensure the delivery ofinclude investment and reforms responding to the main challenges identified within the European Semester, in the relevant country-specific recommendations, correct the identified mincluding those relevant for the Macroeconomic iImbalances under the MacroeconomicProcedure or under the Excessive Imbalances Procedure if applicable, and address the common priorities of the Union referred to in Annex VI of this Regulation, including the European Green Deal, European Pillar of Social Rights and the Digital Decade while being consistent with the updated National Energy and Climate Plans and the National Digital Decade Roadmaps and the Strategic Compass for Security and Defense;
Amendment 668 #
2023/0138(COD)
Proposal for a regulation
Article 12 – paragraph 1 – point c
Article 12 – paragraph 1 – point c
(c) if applicable, explain how it will ensure the delivery of a relevant set of reforms and investments referred to in Article 13, underpinning an extension of the Member State’s adjustment period by 3 years at most;
Amendment 672 #
2023/0138(COD)
Proposal for a regulation
Article 12 – paragraph 1 – point d
Article 12 – paragraph 1 – point d
(d) explain how it will ensure consistency with the Recovery and Resilience Plan of the Member State concerned during the period of availability of the Recovery and Resilience Facility in accordance with Regulation (EU) 2021/241.
Amendment 729 #
2023/0138(COD)
Proposal for a regulation
Article 13 – paragraph 2 – subparagraph 2 – point iv
Article 13 – paragraph 2 – subparagraph 2 – point iv
(iv) address relevant country-specific recommendations addressed to the Member State concerned, including, where applicable, recommendations issued under the Macroeconomic Imbalances Procedure or under the Excessive Imbalance Procedure;
Amendment 853 #
2023/0138(COD)
Proposal for a regulation
Article 15 – paragraph 2 – point f
Article 15 – paragraph 2 – point f
(f) whether the public debt ratio at the end of the planning horizon is below the public debt ratioWhen assessing the national medium-term fiscal-structural plan the Commission shall examine for Member States with the public debt higher than 60% of GDP in the year before the start of the technical trajectory whether the public debt ratio.
Amendment 901 #
2023/0138(COD)
Proposal for a regulation
Article 18 – paragraph 1 – point a
Article 18 – paragraph 1 – point a
(a) the Member State concerned fails to submit a revised national medium-term fiscal-structural plan within one3 month of the recommendation by the Council;
Amendment 919 #
2023/0138(COD)
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
1. Each Member State shall submit to the Commission an annual progress report on the implementation of its national medium-term fiscal-structural plan, by 1530 April each year at the latest.
Amendment 999 #
2023/0138(COD)
Proposal for a regulation
Article 25 – paragraph 1
Article 25 – paragraph 1
On a recommendation from the Commission, or based on the request of a Member State subjected to the Commission opinion, the Council may adopt a recommendation allowing a Member State to deviate from its net expenditure path where exceptional circumstances outside the control of the Member State lead to a major impact on the public finances of the Member State concerned, provided it does not endanger fiscal sustainability in the medium term. The Council shall specify a time-limit for such a deviation.
Amendment 1005 #
2023/0138(COD)
Proposal for a regulation
Article 25 – paragraph 2
Article 25 – paragraph 2
The Council, on a recommendation from the Commission, or based on the request of a Member State subjected to the Commission opinion, may extend the period during which the Member State may deviate from the net expenditure path, provided that the exceptional circumstances persist. An extension may be granted more than once. However, each extension shall be for an additional period of one year at most.
Amendment 1083 #
2023/0138(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a
Annex I – paragraph 1 – point a
(a) by the end of the adjustment period, at the latest, the 10-year debt trajectory in the absence of further budgetary measures is on a plausibly downward path or stays at prudent levels based on a commonly agreed methodology;
Amendment 1094 #
2023/0138(COD)
Proposal for a regulation
Annex I – paragraph 1 – point d
Annex I – paragraph 1 – point d
(d) the adjustment effort is not postponed towards the final years of the adjustment period, that is to say the fiscal adjustment effort over the period of the national medium-term fiscal-structural plan calculated based on a commonly agreed methodology is at least proportional to the total effort over the entire adjustment period;
Amendment 1097 #
2023/0138(COD)
Proposal for a regulation
Annex I – paragraph 1 – point e
Annex I – paragraph 1 – point e
(e) theFor Member States having public debt ratio atabove the end60% of the planning horizon is below the public debt ratioGDP reference value in the year before the start of the technical trajectory, the technical trajectory shall ensure that the public debt ratio at the end of the planning horizon is lower; and
Amendment 1101 #
2023/0138(COD)
Proposal for a regulation
Annex I – paragraph 1 – point f
Annex I – paragraph 1 – point f
(f) national financed net expenditure growth remains below medium-term output growth, on average, as a rule over the horizon of the plan.
Amendment 1103 #
2023/0138(COD)
Proposal for a regulation
Annex II – paragraph 1 – point a
Annex II – paragraph 1 – point a
(a) The national financed net expenditure path referred to in Article 11. The other budgetary variables outside the control of the government that are part of the definition of net expenditure referred to in Article 2 consist in expenditure on programmes of the Union fully matched by Union funds revenue and cyclical elements of unemployment benefit expenditure.
Amendment 1130 #
2023/0138(COD)
Proposal for a regulation
Annex II – paragraph 1 – point n
Annex II – paragraph 1 – point n
(n) If applicable, reforms and investment to correct the identified macroeconomic imbalances under the Macroeconomic Imbalance Procedure or under the Excessive Imbalance Procedure.
Amendment 1139 #
2023/0138(COD)
Proposal for a regulation
Annex III – paragraph 1 – point a
Annex III – paragraph 1 – point a
(a) A comparison between the planned net expenditure based on the nationally financed net expenditure path set by the Council and the net expenditure based on outturn data.
Amendment 1157 #
2023/0138(COD)
Proposal for a regulation
Annex IV – paragraph 1
Annex IV – paragraph 1
The control account for each Member State referred to in Article 21 will record a debit when the actual net expenditure in the Member State in a given year is above the nationally financed net expenditure path set by the Council.
Amendment 1164 #
2023/0138(COD)
Proposal for a regulation
Annex V – paragraph 1 – indent 1
Annex V – paragraph 1 – indent 1
– public debt ratio should be declining, or stay at prudent levels, under the deterministic scenarios of the Commission’s medium-term public debt projection framework described in the Debt Sustainability Monitor 2022as established based on a commonly agreed methodology;
Amendment 1165 #
2023/0138(COD)
Proposal for a regulation
Annex V – paragraph 1 – indent 2
Annex V – paragraph 1 – indent 2
– the risk of the public debt ratio not decreasing in the 5 years following the adjustment period of the national medium- term fiscal-structural plan is sufficiently low. The risk is assessed with the help of the Commission’s stochastic analysis that is based on a commonly agreed methodology.
Amendment 1177 #
2023/0138(COD)
Proposal for a regulation
Annex VII – point 2 – paragraph 1
Annex VII – point 2 – paragraph 1
In accordance with Article 13(2), the set of reforms and investment commitments included in the national medium term fiscal structural plans underpinning an extension of the adjustment period shall be commensurate with the degree of public debt challenges as established in the most recent update of the Debt Sustainability Monitorbased on a commonly agreed methodology and challenges to medium-term growth in the Member State. For Member States where public debt challenges are linked to significant challenges to medium- term growth, the set of reforms and investments is expected to also address bottlenecks to medium-term growth.
Amendment 1183 #
2023/0138(COD)
Proposal for a regulation
Annex VII – point 2 – paragraph 2 – point 2.4 – introductory part
Annex VII – point 2 – paragraph 2 – point 2.4 – introductory part
2.4 The set of reform and investment commitments, taken altogether, addresses relevant country-specific recommendations, including, where applicable, recommendations issued under the Macroeconomic Imbalance Procedure or under the Excessive Imbalance Procedure;
Amendment 51 #
2023/0137(CNS)
Proposal for a regulation
Recital 19
Recital 19
Amendment 78 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 1 – paragraph 2 – point d
Article 1 – paragraph 2 – point d
(d) ‘nationally financed net expenditure path’ means the multi-annual trajectory for net expenditure real growth of a Member State as set by the Council in accordance with Regulation (EU) [on the preventive arm];
Amendment 111 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 1
Article 2 – paragraph 3 – subparagraph 1
The Commission, when preparing a report under Article 126(3) TFEU, shall take into account as a key relevant factor the degree of debt challenges in the Member State concerned. In particular, where the Member State faces substantial public debt challenges according to the most recent Debt Sustainability Monitorcommonly agreed methodology, it shall be considered a key factor leading to the opening of an excessive deficit procedure as a rule.
Amendment 128 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 3 – point b
Article 2 – paragraph 3 – subparagraph 3 – point b
(b) the developments in the medium- term budgetary positions, including, in particular, whether the size of the actual deviation from the net expenditure path, ins annual and cumulative termst least 0,5 % of GDP in a single year or at least 0,25 % of GDP on average per year in 2 consecutive years, as measured by the control account, and the extent to which the deviation is due to a severe economic downturn in the euro area or in the Union as a whole or to exceptional circumstances outside the control of the government with a major impact on the public finances of the Member State concerned in accordance with Articles 24 and 25 of Regulation (EU) [on the preventive arm]. Where relevantn the net expenditure path is more demanding than the technical trajectory, the deviation compared to the technical trajectory shall also be taken into account when considering the size of the deviation;
Amendment 152 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 3 – subparagraph 4
Article 2 – paragraph 3 – subparagraph 4
The Commission shall give due and express consideration to any other factors which, in the opinion of the Member State concerned, are relevant in order to comprehensively assess compliance with deficit and debt criteria and which the Member State has put forward to the Council and the Commission. In that context, particular consideration shall be given to financial contributions to fostering international solidarity and achieving the policy goals of the Union, such as defence expenditure increased due to direct threat at the EU’s borders. The opinion submitted to the Commission by the Member State concerned shall include the opinion of its national independent fiscal institution on relevant factors.
Amendment 169 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 1
Article 1 – paragraph 1 – point 1
Regulation (EC) No 1467/97
Article 2 – paragraph 5
Article 2 – paragraph 5
Amendment 178 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EC) No 1467/97
Article 3 – paragraph 1
Article 3 – paragraph 1
1. Within two weeks of the adoption by the Commission of a report issued in accordance with Article 126(3) TFEU, the Economic and Financial Committee shall formulate an opinion in accordance with Article 126(4) TFEU. The opinion of the Economic and Financial Committee shall be made public.
Amendment 210 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EC) No 1467/97
Article 4 – subparagraph 1 (new)
Article 4 – subparagraph 1 (new)
Any decision by the Council under Article 126(8) TFEU to make public its recommendations where it is established that no effective action has been taken, shall be taken immediately after the expiry of the deadline set in accordance with Article 3(4) of this Regulation.
Amendment 231 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point b
Article 1 – paragraph 1 – point 4 – point b
Regulation (EC) No 1467/97
Article 5 – paragraph 2
Article 5 – paragraph 2
2. Where effective action has been taken in compliance with a notice under Article 126(9) TFEU or wherein case the Council has established, in accordance with Article 25 of Regulation (EU) [on the preventive arm], the existence of exceptional circumstances outside the control of the government with major impact on the public finances of the Member State concerned, including on the respect of the corrective net expenditure path referred to in paragraph 1 of this Article, occur after the adoption of that notice, the Council may decide, on a recommendation from the Commission, to adopt a revised notice under Article 126(9) TFEU. The revised notice, taking into account the relevant factors referred to in Article 2(3) of this Regulation may, in particular, extend the deadline for the correction of the excessive deficit by one year as a rule. In case the Council has established the existence of a severe economic downturn in the euro area or in the Union as a whole in accordance with Article 24 of Regulation (EU) [on the preventive arm], the Council may also decide, on a recommendation from the Commission, to adopt a revised notice under Article 126(9) TFEU, on condition that it does not endanger fiscal sustainability in the medium term. The revised notice may, in particular, extend the deadline for the correction of the excessive deficit by one year as a rule.;
Amendment 242 #
2023/0137(CNS)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EC) No 1467/97
Article 8 – paragraph 3
Article 8 – paragraph 3
3. A Council decision shall only be taken pursuant to Article 126(12) TFEU where budgetary forecasts as provided by the Commission indicate that the deficit has been brought durably below the reference value and, where the excessive deficit procedure was opened on the basis of the debt criterion, the Member State concerned respected the corrective net expenditure path set by the Council in accordance with Article 3(4) or Article 5(1) of this Regulation over the previous 2 years and is projected to continue to do so in the current and the next year on the basis of the Commission forecast.;
Amendment 32 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 1 – point b – point i Directive 2011/85/EU
Article 2 – paragraph 2 – point a
Article 2 – paragraph 2 – point a
(a) systems of public sectorgeneral government accounting and statistical reporting;
Amendment 36 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 2 Directive 2011/85/EU
Article 3 – paragraph 1
Article 3 – paragraph 1
1. As concerns national systems of public accounting, Member States shall have, by 2030, integrated, comprehensive and nationally harmonised accrual financial accounting systems covering all subsectors of general government and containing the cash and accrual information needed to prepare data based on ESA 2010. Those public sectorgeneral government financial accounting systems shall be subject to internal control and independent audits.
Amendment 37 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 2 Directive 2011/85/EU
Article 3 – paragraph 2
Article 3 – paragraph 2
2. Member States shall ensure timely and regular public availability of fiscal data in accordance with ESA 2010 for all subsectors of general government as set out by Regulation (EU) No 549/2013 of the European Parliament and of the Council*. In particular, Member States shall publish quarterly debt and deficit data separately for central government, state government, local government and social security funds, quarterly deficit for general government before the end of the following quarter or after publication of the relevant data by the Commission (Eurostat).
Amendment 52 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 3 – point c Directive 2011/85/EU
Article 4 – paragraph 6
Article 4 – paragraph 6
6. The macroeconomic and budgetary forecasts for annual and multiannual fiscal planning produced by the national institutions shall be subject to regular, objective and comprehensive evaluation by an independent body, including ex post evaluation. The result of that evaluation shall be made public and taken into account appropriately in future macroeconomic and budgetary forecasts. If the evaluation detects a significant bias affecting macroeconomic forecasts over a period of at least 4 consecutive years, the Member State concerned shall take the necessary action and make it public.
Amendment 53 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 4 Directive 2011/85/EU
Article 5 – paragraph 1
Article 5 – paragraph 1
Each Member State shall establish its specific numerical fiscal rules to effectively promote compliance with its obligations deriving from the TFEU in the area of fiscal planning over a multiannual periodbudgetary policy in the medium term for the general government as a whole. Such rules shall promote in particular:
Amendment 69 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point a
Article 8 – paragraph 4 – point a
(a) producex-post evaluating the annual and multiannual macroeconomic and budgetary forecasts underlying the government’s medium-term planning or endorsing those usprovided by the budgetary authorities;
Amendment 71 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point b
Article 8 – paragraph 4 – point b
Amendment 75 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point c
Article 8 – paragraph 4 – point c
Amendment 81 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 4 – point e
Article 8 – paragraph 4 – point e
(e) ex-post monitoring compliance with the Union fiscal framework in accordance with Regulations [XXX preventive arm of the SGP] and [XXX corrective arm of the SGP] *;
Amendment 86 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 8 Directive 2011/85/EU
Article 8 – paragraph 5
Article 8 – paragraph 5
Member States shall ensure that the budgetary authorities of the Member State concerned comply withtake into account the assessments or opinions issued by the institutions in the context of the tasks referred to in paragraph 4. Where such budgetary authorities do not comply with those assessments or opinions, they shall publicly justify the decision not to comply within a month from the issuance of such assessments or opinions in the preparation of macroeconomic and budgetary forecasts for annual and multiannual fiscal planning.
Amendment 96 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 9 – point b – point iii Directive 2011/85/EU
Article 9 – paragraph 2 – point d
Article 9 – paragraph 2 – point d
(d) an assessment as to how in the light of their direct medium-term and long-term impact on general government finances, the policies envisaged are likely to affect the medium- term and long-term sustainability of the public finances and sustainable and inclusive growth. The assessment shall specify, to the extent possible, the macrofiscal risks from climate change and their environmental and distributional impacts, and the implications on public financegeneral government of climate-related mitigation and adaptation policies over the medium- term and long-term.;
Amendment 101 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 12 Directive 2011/85/EU
Article 12
Article 12
Member States shall ensure that any measures taken in compliance with Chapters II, III and IV are consistent across, all subsectors of general government and cover comprehensively those subsectors. To that effect Members States shall, in particular, require consistent public sectorgeneral government accounting rules and procedures, and the integrity of their underlying data collection and processing systems.;
Amendment 102 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 13 Directive 2011/85/EU
Article 14 – paragraph 1
Article 14 – paragraph 1
1. Within the framework of the annual and multiannual budgetary legislation processes, Member States shall publish bodies and funds which do not form part of the regular budgets but are part of the general government, including subsectors of general government. Member States shall also publish values corresponding to the combined impact on general government balances and debts of those bodies and funds whereby the impact on the balances shall include past and expected future operations and the impact on debts shall include outstanding and expected new liabilities. These obligations would refer only to a body or fund which impact on the general government as forecasted within the multiannual budgetary process exceeds the value equal to 0.1% of GDP as forecasted for a given year.
Amendment 104 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 13 Directive 2011/85/EU
Article 14 – paragraph 3
Article 14 – paragraph 3
3. For all subsectors of general government, Member States shall publish relevant information on contingent liabilities with potentially large impact on public budgets, including government guarantees, non-performing loans, and liabilities stemming from the operation of public corporations, potential expenses and obligations arising from court cases, including the extent thereof. Member States shall also publish information on disaster and climate-related contingent liabilities to the extent possible. Member States shall publish information on past calls on one-off guarantees and expenditure recorded for standardised guarantees. Published information shall include information on economic losses incurred due to disasters and climate-related shocks, including the fiscal costs borne by the public sector and the instruments used to mitigate or cover themincluding the extent thereof. Member States shall publish information on past calls on one-off guarantees and expenditure recorded for standardised guarantees. Member States shall publish information on the participation of general government in the capital of private and public corporations in respect of economically significant amounts.
Amendment 108 #
2023/0136(NLE)
Proposal for a directive Sole Article – Paragraph 1 – point 15 Directive 2011/85/EU
Article 15 – paragraph 1 a (new)
Article 15 – paragraph 1 a (new)
1 a. Member States shall bring into force the provisions necessary to comply with Article 8 by 31 December 202X+1.
Amendment 3 #
2022/2172(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas Russia’s unprovoked and unjustified invasion of Ukraine has led to a major humanitarian crisis and has triggered an enormous economic and social shock of uncertain duration worldwide;
Amendment 14 #
2022/2172(INI)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Reminds that direct taxation remains the sole prerogative of individual member states, subject to the fundamental freedoms fixed in the Treaty on the Functioning of the European Union, and that Article 311 TFEU provides no basis that would give the EU any powers of taxation;
Amendment 15 #
2022/2172(INI)
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Expresses its concerns about the excessively regressive impact of the ETS- based own resource in low-income and carbon-intensive Member States; considers therefore the ETS-based own resource very problematic from the perspective of social sustainability;
Amendment 41 #
2022/2172(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Regrets that the current way in which the EU budget is financed subjects it to national budgetary constraints, thus leading to undue downward pressure on its – already modest – overall volume and a ‘Considers it unlikely that establishing new sources of financing will succeed in eliminating the 'juste retour’' logic that does not reflect the solidarity principle at the core of EU integration; believes that this structure is one of the maibecause the offsetting of new own resources against the GNI-based own reasons preventing the EU from fulfilling all its tasks effectively; is very concerned by the slow progress in the modernisation of the own resources system since the creation of the European Communitiurce would immediately raise the issue of burden-sharing among the member states;
Amendment 156 #
2022/2172(INI)
Motion for a resolution
Paragraph 32
Paragraph 32
32. Recognises the merits ofAcknowledges that the GNI- based own resource in view of its reliable balancing function; notes the endurhas proved to be a reliable, transparent, and fair source of funding; predominance of the share of national contributions in the own resources system, now amounting to approximately 80 %; points out the modest share of traditional and genuine own resources, especially customs duties, which stands at around 13 % todoints out that the fact that the member states themselves can decide how to raise the money for their EU contributions is in line with the subsidiarity principle and ensures that taxes are collected in an effective way;
Amendment 5 #
2022/2150(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines the exceptionally uncertain EU economic outlook resulting from the lasting impact of the COVID-19 pandemic and the consequences of the war againstcriminal, illegal and unjustified aggression in Ukraine;
Amendment 33 #
2022/2150(INI)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on the Commission to act decisively in order to tackle tax fraud, tax avoidance and evasion, as well money- laundering issues, which drain potential resources from national budgets and hamper governments’ capacity to act;
Amendment 37 #
2022/2150(INI)
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Emphasises that the EU is facing an unprecedented challenge in mitigating the economic impact of the energy crisis and Russia’s criminal, unjustified and illegal aggression in Ukraine, taking into account the EU’s strategy of having a lasting influence on Member States’ resilience, and takes the view that the economic recovery must be achieved by strengthening the internal market, research and innovation, and by boosting competitiveness, whilst also improving the situation of SMEs and their access to private capital;
Amendment 42 #
2022/2150(INI)
Draft opinion
Paragraph 4 c (new)
Paragraph 4 c (new)
4c. Is concerned about the EU’s overly ambitious climate policy which, alongside the fact that some Member States have been dependent on Russian energy resources for many years, has contributed to the current energy crisis that is hitting citizens and SMEs the hardest; calls for a temporary suspension of some of the ambitious legislative plans linked to climate policy;
Amendment 20 #
2022/2061(INI)
Motion for a resolution
Recital A
Recital A
A. whereas the Banking Union (BU) currently consists of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism; whereas although the Deposit Guarantee Schemes Directive4 sets out high minimum standards in the area of deposit protection, the BU remains unfinished because the third pillar – the European deposit insurance scheme (EDIS) – has not yet been established; _________________ 4 Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (OJ L 173, 12.6.2014, p. 149).
Amendment 27 #
2022/2061(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas the main objective of the Banking Union is to secure the stability of the banking sector in Europe and to prevent the need to save banks at risk of bankruptcy with public money;
Amendment 37 #
2022/2061(INI)
Motion for a resolution
Recital D
Recital D
D. whereas the banking sector has beeso far shown resilientce to the crisis triggered by the COVID-19 pandemic;
Amendment 46 #
2022/2061(INI)
Motion for a resolution
Recital F
Recital F
F. whereas the role of the banking sector is crucial to the economic recovery after the COVID crisis and the energy crisis and the transition to a sustainable economy;
Amendment 73 #
2022/2061(INI)
Motion for a resolution
Recital J
Recital J
J. whereas completing the BU will breaking the sovereign- bank doom loop must be a priority for the Banking Union;
Amendment 123 #
2022/2061(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that the ECB has decided to raise its main interest rates from 0 % to 2 % for the main refinancing operation rate; notes that due to the still very high inflation, caused by the energy crisis, the consequences of the pandemic and the so- called 'greenflation', relatively high interest rates are to be expected;
Amendment 139 #
2022/2061(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. WelcomFollows with interest the ongoing work by the ECB on the digital euro; looks forward to the Commission’s legislative proposal and the ECB Governing Council’s decision on the digital euro; recalls the challenges of the digital euro - especially in the area of privacy protection;
Amendment 150 #
2022/2061(INI)
Amendment 155 #
2022/2061(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Encourages banks to take advantage ofdraws attention to the opportunities offered by the digitalisation of the economy, while economy to banks, while recalling that maintaining a high level of consumer and investor protection should remain a priority;
Amendment 199 #
2022/2061(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes that banks’ exposures to domestic sovereign debt remain high and draws attention to the associated risks; recalls that one of the main objectives of the BU is to break the link between bank and sovereign risks;
Amendment 205 #
2022/2061(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Highlights that banks have a crucial role to play in enabling the transition towards a sustainable economy; calls for environmental, social and governance (ESG) risks to be included in the prudential frameworkrecovery and resilience of the European economy, as well as in enabling the transition towards a sustainable economy;
Amendment 212 #
2022/2061(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 244 #
2022/2061(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Notes the issues and challenges associated with the home-host issue; points out that greater market integration requires credible safeguards for host countries reflected in EU law;
Amendment 278 #
2022/2061(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Regrets that the BU is still incomplete owing to the absence of an EDIS; recognises that the EDIS wcould improve protection for depositors in the EU; recalls that the EDIS is the most tangible element of the BU for EU citizens; considers that the EDIS would provide an additional safeguard to host Member States and could therefore contribute to addressing home/host issuesconsiders, however, that the main obstacle to the introduction of EDIS is risk concerns in some banking systems; stresses that risk reduction is the key to an agreement on EDIS;
Amendment 290 #
2022/2061(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Acknowledges the progress made regarding the reduction of risks in the banking sector; and calls for a risk sharing mechanism, while continuing the riskits further reduction trend;
Amendment 304 #
2022/2061(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Welcomes the statement by the negotiation team announcing the reopening of discussions on the EDIS at Parliament; calls for the co-legislators to reach an agreement on the file before the end of the legislative period;
Amendment 16 #
2022/2051(INL)
Draft opinion
Paragraph 2 – point 3
Paragraph 2 – point 3
Amendment 24 #
2022/2051(INL)
Draft opinion
Paragraph 2 – point 4
Paragraph 2 – point 4
Amendment 33 #
2022/2051(INL)
Draft opinion
Paragraph 2 – point 5
Paragraph 2 – point 5
Amendment 40 #
2022/2051(INL)
Amendment 248 #
2022/0396(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) In line with the waste hierarchy set out in Article 4(21) of Directive 2008/98/EC, with the requirement set in paragraph 2 of Article 4 of the same Directive, which foresees that specific waste streams may depart from the hierarchy where this is and in line with life-cycle thinking to deliver the best overall environmental outcome, the measures provided for under this Regulation aim at reducing the amount of packaging placed on the market in terms of its volume and weight, and preventing the generation of packaging waste, especially through packaging minimisation, avoiding packaging where it is not needed, and increased re-use of packagingand recycling of packaging while delivering the best environmental outcome. In addition, the measures aim at increasing the use of recycled content in packaging, especially in plastic packaging where the uptake of recycled content is very low, as well as higher recycling rates for all packaging and high quality of the resulting secondary raw materials while reducing other forms of recovery and final disposal.
Amendment 444 #
2022/0396(COD)
Proposal for a regulation
Recital 62
Recital 62
Amendment 461 #
2022/0396(COD)
Proposal for a regulation
Recital 67
Recital 67
(67) In order to reduce the increasing proportion of packaging that is single use and the growing amounts of packaging waste generated, it is necessary to establish quantitative re-use and refill targets on packaging in sectors, which have been assessed as having the greatest potential for packaging waste reduction, namely food and beverages for take-away, large-white goods and transport packaging. This was appraised based on factors such as existing systems for re-use, necessity of using packaging and the possibility of fulfilling the functional requirements in terms of containment, tidiness, health, hygiene and safety. Differences of the products and their production and distribution systems, were also taken into account. The setting of the targets is expected to support the innovation and increase the proportion of re-use and refill solutions. The use ofIn accordance with Article 4(2) of Directive 2008/98/EC, restriction shall not apply for single -use packaging for food and beverages filled and consumed within the premises in the HORECA sector should not be alloweddelivering a better overall environmental outcome justified by life- cycle thinking, as well as a better overall economic and health impact.
Amendment 468 #
2022/0396(COD)
Proposal for a regulation
Recital 68
Recital 68
(68) To increase their effectiveness and ensure the equal treatment of economic operators, the re-use and refill targets should be placed on the economic operators. In cases of targets for beverages, they should be additionally placed also on the manufacturers, as these actors are able to control the packaging formats used for the products they offer. The targets should be calculated as a percentage of sales in reusable packaging within a system for re-use or through refill or, in case of transport packaging, as a percentage of uses. The targets should be material neutral. In order to ensure uniform conditions for the implementation of targets for re-use and refill, the power to adopt an implementing act in accordance with Article 291 of the Treaty on the methodology for their calculation, should be delegated to the Commission.
Amendment 633 #
2022/0396(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 18 a (new)
Article 3 – paragraph 1 – point 18 a (new)
(18a) ‘plastic packaging’ means a packaging that is wholly or predominantly (i.e. more than 50%) made of plastic.
Amendment 643 #
2022/0396(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 19
Article 3 – paragraph 1 – point 19
(19) ‘composite packaging’ means a unit of packaging made of two or more different materials, excluding materials used for labels, closures and sealing, which cannot be separated manually and therefore form a single integraloatings, linings, paints, inks, adhesives, closures and sealing which are considered as part of the weight of the main packaging material, which cannot be separated manually and therefore form a single integral unit, unless a given material constitutes an insignificant part of the packaging unit and in no case more than 15% of the total mass of the packaging unit;
Amendment 1114 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 1 – introductory part
Article 7 – paragraph 1 – introductory part
1. From 1 January 2030, the plastic part in packaging shall contain the following minimum percentage of recycled content recovered from post-consumer plastic waste, per unit of packaging or biowaste content:
Amendment 1125 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
Amendment 1139 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
(d) 35 % for plastic packaging other than those referred to in points (a), (b) and (c).
Amendment 1174 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 2 – introductory part
Article 7 – paragraph 2 – introductory part
2. From 1 January 2040, the plastic part in packaging shall contain the following minimum percentage of recycled content recovered from post-consumer plastic waste, per unit of packaging or biobosed content:
Amendment 1176 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 2 – point a
Article 7 – paragraph 2 – point a
Amendment 1211 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 3 a (new)
Article 7 – paragraph 3 a (new)
3a. packaging for non-medical products which shall be manufactured to ISO standard 15378 to ensure the safety and quality of the product for consumer health.
Amendment 1241 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 6
Article 7 – paragraph 6
6. By 1 January 2030, the financial contributions paid by producers to comply with their extended producer responsibility obligations as laid down in Article 40 shall be modulated based on the percentage of either recycled or biobased content used in the plastic packaging.
Amendment 1268 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 7
Article 7 – paragraph 7
7. By 31 December 2026, the Commission is empowered to adopt implementing acts establishing the methodology for the calculation and verification of the percentage of recycled content recovered from post-consumer plastic waste, per unit of plastic packaging, and the format for the technical documentation referred to in Annex VII. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 59(3).
Amendment 1279 #
2022/0396(COD)
Proposal for a regulation
Article 7 – paragraph 8
Article 7 – paragraph 8
8. As of 1 January 2029, the calculation and verification of the percentage of recycled content contained in plastic packaging under paragraph 1 shall comply with the rules laid down in the implementing act referred to in paragraph 7.
Amendment 1419 #
2022/0396(COD)
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. Packaging not necessary to comply with any of the performance criteria set out in Annex IV and packaging with characteristics that are only aimed to increase the perceived volume of the product, including double walls, false bottoms, and unnecessary layers, shall not be placed on the market, unless the packaging design is subject to geographical indications of origin protected under Union legislation.
Amendment 1693 #
2022/0396(COD)
Proposal for a regulation
Article 22
Article 22
Amendment 1802 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 2
Article 26 – paragraph 2
Amendment 1832 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 3
Article 26 – paragraph 3
Amendment 1867 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 4
Article 26 – paragraph 4
Amendment 1888 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 5
Article 26 – paragraph 5
Amendment 1914 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 6
Article 26 – paragraph 6
Amendment 1950 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 7 – point b
Article 26 – paragraph 7 – point b
Amendment 1966 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 8 – point b
Article 26 – paragraph 8 – point b
Amendment 1991 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 9 – point b
Article 26 – paragraph 9 – point b
Amendment 2000 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 9 – point b
Article 26 – paragraph 9 – point b
(b) from 1 January 2040, 350 % of such packaging used for transport is reusable packaging within a system for re-use;
Amendment 2020 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 10 – point b
Article 26 – paragraph 10 – point b
Amendment 2108 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 15
Article 26 – paragraph 15
15. Economic operators shall be exempted from the obligation to meet the targets in paragraphs 2 to 6 if, during a calendar year, they have a sales area of not more than 100 m2, including also all storage and dispatch areas and if it is not technically feasible to use reusable packaging or to obtain access to the infrastructure necessary for the functioning of a re-use system.
Amendment 2114 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 15 a (new)
Article 26 – paragraph 15 a (new)
Amendment 2122 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 15 b (new)
Article 26 – paragraph 15 b (new)
15b. Economic operators shall be exempted from the obligation to meet the targets in this article if, in accordance with paragraph 2 of Article 4 of Directive 2008/98/EC, they can show that alternative packaging formats deliver a better overall environmental outcome justified by life-cycle thinking, as well as a better overall economic and human health impact.
Amendment 2143 #
2022/0396(COD)
Proposal for a regulation
Article 26 – paragraph 16 – point c
Article 26 – paragraph 16 – point c
Amendment 2302 #
2022/0396(COD)
Proposal for a regulation
Article 43 – paragraph 1
Article 43 – paragraph 1
1. By 1 January 2029, Member States shall ensure that systems are set up to provide for the return and the separate collection of 90% of all packaging waste from the end users for each packaging format listed in Table 1 of Annex II, in a given year, in order to ensure that it is treated in accordance with Articles 4 and 13 of Directive 2008/98/EC, and to facilitate its preparation for re-use and high quality recycling.
Amendment 2349 #
2022/0396(COD)
Proposal for a regulation
Article 43 – paragraph 1
Article 43 – paragraph 1
1. By 1 January 2029, Member States shall ensure that systems are set up to provide for the return and the separate collection of 90% of all packaging waste from the end users for each packaging format listed in Table 1 of Annex II, in a given year, in order to ensure that it is treated in accordance with Articles 4 and 13 of Directive 2008/98/EC, and to facilitate its preparation for re-use and high quality recycling.
Amendment 24 #
2022/0341(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) To create an integrated market for instant credit transfers in euro, it is essential that such transactions are processed in accordance with a common set of rules and requirements. An instant credit transfer in euro enables funds to be credited to the account of the payee within seconds and round the clock. The round the clock availability every day of the year is an intrinsic feature of instant credit transfers. Therefore, it is appropriate that the definition of instant credit transfers refers to the specific conditions that they should meet regarding the time of receipt of payment orders, processing, crediting and value dating. The European Central Bank (ECB) and national central banks, when not acting in their capacity as monetary authorities or other public authorities, should be able to limit their offering of a payment service of sending and receiving instant credit transfers in euro to the period of time during which they receive and send non-instant credit transfer transactions in euro, where such limitation is needed to ensure compliance with Article 123 TFEU.”
Amendment 105 #
2022/0341(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
PSPs that offer to their PSUs a payment service of sending and receiving credit transfers to and from accounts denominated in euro shall offer to all their PSUs a payment service of sending and receiving instant credit transfers.
Amendment 108 #
2022/0341(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 2
Article 1 – paragraph 1 – point 2
Regulation (EU) No 260/2012
Article 5a – paragraph 1 – subparagraph 2
Article 5a – paragraph 1 – subparagraph 2
However, this paragraph shall not apply to electronic money institutions as defined in Article 2, point (1), of Directive 2009/110/EC and payment institutions as defined in Article 4, point (4), of Directive (EU) 2015/2366. The ECB and national central banks, when not acting in their capacity as monetary authorities or other public authorities, may limit the offering of a payment service of sending and receiving instant credit transfers in euro to their PSUs to the period of time during which they receive and send non-instant credit transfer transactions in euro.
Amendment 8 #
2022/0337(BUD)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Calls on the Commission to monitor the progress of each individual emergency and recovery operation supported by the EUSF, including total expenditures, amount of financial assistance already spent and photos of the state before its commencement and after its finalisation, on a dedicated website available to general public;
Amendment 34 #
2022/0219(COD)
Proposal for a regulation
Article 4 – paragraph 1
Article 4 – paragraph 1
1. The financial envelope for the implementation of the Instrument for the period from the entry into force of this Regulation to 31 December 2024 shall be EUR 500 m1.5 billion in current prices.
Amendment 41 #
2022/0219(COD)
Proposal for a regulation
Article 8 – paragraph 4
Article 8 – paragraph 4
4. Contractors and subcontractors involved in the common procurement shall be established and have their executive management structures in the Union. They shall not be subject to control by a non- associated third country or by a non- associated third country entity. An unaffiliated third country may not control significant holdings of shares, or any other form of shares in the contractor or subcontractor that enable it to influence the operations of the contractor or subcontractor.
Amendment 43 #
2022/0219(COD)
Proposal for a regulation
Article 8 – paragraph 10 a (new)
Article 8 – paragraph 10 a (new)
10 a. The contractor or subcontractor must not be linked to the Russian Federation in any way;
Amendment 89 #
2022/0212(BUD)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Supports the work of Eurojust under the extended mandate to preserve, analyse and store evidence on core international crimes, and especially its present focus on hosting evidence of core international crimes committed in Ukraine; acknowledges that the development and maintenance costs related to the Core International Crimes Evidence DataBase (CICED) are expected to increase over time as functionalities widen;
Amendment 109 #
2022/0212(BUD)
Motion for a resolution
Paragraph 27
Paragraph 27
27. Expresses its grave concerns about the impact of the Russian war in Ukraine and its economic fallout as well as of the extreme weather events including severe and prolonged droughts on production and distribution in the agricultural sector and food markets; recalls that 2023 is the first year of the new common agricultural policy that will support Union farmers; believes that the crisis situation justifies the partial mobilisation of the new agricultural reserve by a minimum of EUR 10 million for young farmers; calls on the Commission to prepare pertinent exceptional measures in line with the relevant provisions in the basic act and to increase, as relevant, the amount to be mobilised;
Amendment 52 #
2022/0164(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) The REPowerEU chapter should include new reforms and investments contributing to the REPowerEU aims. Furthermore, that chapter should contain an outline of other measures, financed from sources other than the Recovery and Resilience Facility, contributing to the energy-related objectives outlined in recital (3). The outline should cover measures whose implementation should take place between 1 February 2022 to 31 December 2026, the period during which the objectives set by this Regulation are to be achieved. As regards natural gas infrastructure, the investments and reforms of the REPowerEU chapters to diversify supply away from Russia should build on the needs currently identified through the assessment conducted and agreed by the European Network of Transmission System Operators for Gas (ENTSOG), established in the spirit of solidarity as regards security of supply and take into account the reinforced preparedness measures taken to adapt to new geopolitical threats. Finally, the REPowerEU chapters should provide an explanation and a quantification of the effects of the combination of the reforms and investments financed by the Recovery and Resilience Facility and the other measures financed by other sources than the Recovery and Resilience Facility.
Amendment 113 #
2022/0164(COD)
Proposal for a regulation
Recital 19
Recital 19
(19) Disbursements under REPowerEU shall be made following the rules of the Recovery and Resilience Facility until the end of 202630. Payments in relation to the resources transferred from shared management funds shall be subject to the availability of funds approved in the annual EU budget.
Amendment 143 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Regulation (EU) 2021/241
Article 18 – paragraph 4 – point (i)
Article 18 – paragraph 4 – point (i)
(3 a) In Article 18, paragraph 4, point (i) is replaced by the following: "(i) envisaged milestones, targets and an indicative timetable for the implementation of the reforms, and investments to be completed by 31 August 2026; December 2030. " Or. en (Regulation 2021/241)
Amendment 163 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 4 a (new)
Article 1 – paragraph 1 – point 4 a (new)
Regulation (EU) 2021/241
Article 20 – paragraph 5 – point d
Article 20 – paragraph 5 – point d
(4 a) In Article 20, paragraph 5, point (d) is replaced by the following: "(d) the time limit, which should be no later than 31 AugustDecember 202630, by which the final milestones and targets for both investment projects and reforms must be completed; . " Or. en (Regulation (EU) 2021/241)
Amendment 191 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21a – paragraph 2
Article 21a – paragraph 2
(2) The share of the resources referred to in paragraph 1 available for each Member State shall be calculated on the basis of the indicators defined for the maximum financial contribution, as set out in the methodology in Annex II for 70% of the amount and methodology set out in Annex III for 30% of the amountpursuant to the share in total quantity of allowances to be auctioned by each Member State calculated under the Article 10(2) of Directive 2003/87/EC.
Amendment 234 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 1 – point c
Article 21c – paragraph 1 – point c
(c) addressing internal and cross- border energy distribution and transmission bottlenecks and energy storage, including pumped-storage power plants, and supporting zero emission transport and its infrastructure, including railways,
Amendment 245 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) 2021/241
Article 21c – paragraph 2 – point b
Article 21c – paragraph 2 – point b
Amendment 280 #
2022/0164(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Regulation (EU) 2021/241
Article 24 – paragraph 1 (new)
Article 24 – paragraph 1 (new)
(5 a) Article 24 paragraph 1 is replaced by the following: "1. Payments of financial contributions and, where applicable, of the loan to the Member State concerned under this Article shall be made by 31 DecemberMarch 202631 and in accordance with the budget appropriations and subject to the available funding. " Or. en (Regulation (EU) 2021/241)
Amendment 291 #
2022/0164(COD)
Proposal for a regulation
Article 5 – subparagraph 1 -a (new)
Article 5 – subparagraph 1 -a (new)
Decision (EU) 2015/1814
Article 1 – paragraph 4
Article 1 – paragraph 4
Article 1 paragraph 4 is replaced by the following: "The Commission shall publish the total number of allowances in circulation each year, by 15 May of the subsequent year. The total number of allowances in circulation in a given year shall be the cumulative number of allowances issued in the period since 1 January 2008, including the number issued pursuant to Article 13(2) of Directive 2003/87/EC in that period and entitlements to use international credits exercised by installations under the EU ETS in respect of emissions up to 31 December of that given year, minus the cumulative tonnes of verified emissions from installations under the EU ETS between 1 January 2008 and 31 December of that same given year, any allowances cancelled in accordance with Article 12(4) of Directive 2003/87/EC and the number of allowances in the reserve, the number of allowances in the reserve and the number of allowances released from the reserve and auctioned in accordance with Article 10e of Directive 2003/87/EC pursuant to the paragraph 6. No account shall be taken of emissions during the three-year period starting in 2005 and ending in 2007 and allowances issued in respect of those emissions. The first publication shall take place by 15 May 2017. " Or. en (Decision (EU) 2015/1814)
Amendment 131 #
2022/0162(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 22 – point b
Article 2 – paragraph 1 – point 22 – point b
(b) a situation caused by natural disasters, man-made crisis such as wars and other conflicts or extraordinary circumstances having comparable effects related, inter alia, to climate change, public and animal health, food security and food safety emergencies and global health threats such as pandemics and epidemics, environmental degradation, privation of access to energy and natural resources or extreme poverty;
Amendment 221 #
Amendment 229 #
2022/0162(COD)
Proposal for a regulation
Article 131
Article 131
Amendment 234 #
2022/0162(COD)
Proposal for a regulation
Article 138 – paragraph 2 – subparagraph 4
Article 138 – paragraph 2 – subparagraph 4
Amendment 31 #
2021/2251(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Highlights that the Recovery and Resilience Facility (RRF) is an unprecedented instrument of solidarity and a cornerstone of the NextGenerationEU (NGEU) instrument, ending in 2026, as the main tool in the EU’s response to the COVID-19 pandemic to prepare the economies of the EU to face the new challenges; reminds that this instrument of solidarity could also be effectively used, in the current Ukrainian crisis situation, by those countries which bear the heaviest burden of the reception of refugees;
Amendment 45 #
2021/2251(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the fact that even if the economic effects of the RRF cannot be fully disentangled from other developments, it seems fair to conclude that, so far, the RRF has had positive effects on gross domestic product (GDP) and that its effective implementation will be key for the EU’s economic growth; recognises that the RRF has helped to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and is positively contributing to the EU’s recovery and resilience; reminds in this regard that two countries, namely Poland and Hungary have excelled in terms of GDP growth in 2022; recognizes that Poland's GDP growth was 7,7%,while Hungary's economy grew by 7,1% in this period; highlights that this growth could be even higher, if the NRRP's of these two countries were not blocked because of political reasons;
Amendment 55 #
2021/2251(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the fact that even if the economic effects of the RRF cannot be fully disentangled from other developments, it seems fair to conclude that, so far, for the Member States whose NRRPs have been adopted, the RRF has had positive effects on gross domestic product (GDP) and that its effective implementation will be key for the EU’s economic growth; recognises that the RRF has helped to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and is positively contributing to the EU’s recovery and resilience;
Amendment 59 #
2021/2251(INI)
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2 a. Emphasizes that inflation can lead to a significant negative change with respect to the expected outcome of the RRF and more importantly to the expected results of the milestones and targets and estimated costs of the Member States’ NRRPs.
Amendment 60 #
2021/2251(INI)
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Emphasizes that inflationary circumstances should be recognised by the Commission as justified and reasoned course of action for a Member State to amend its NRRP including the potential of downgrading the milestones and targets if it chooses so due to the inflationary circumstances.
Amendment 107 #
2021/2251(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Notes that in the 26 NRRPs that have been submitted so far, Member States have requested a total of EUR 337.5 billion in grants out of the EUR 338 billion available; notes furthermore that not all Member States, in their current NRRPs, have requested the full amount of grants available to them; notes that not all Member States have chosen to submit requests up to its maximum financial contribution, as referred to in Article 11 of the RRF Regulation, therefore have not acquired a maximum amount of the pre- finance payment, based on the financial contribution.
Amendment 120 #
2021/2251(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Is concerned, howeverTakes note, that only seven Member States have requested loans amounting to a total of EUR 166 billion out of the EUR 385.8 billion available for loans, leaving a considerable amount available should Member States require loans at a later stage; is preoccupied that the limited interest for the loan component may lead to lost opportunities and prevent the RRF from reaching its full potentialreminds in this regard, that some Member States have access to loans with better conditions from international markets;
Amendment 121 #
2021/2251(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Calls on the Commission to reassess the potential amount of RRF loan support that would not be requested by the Member States due to limited interest for the loan component, thereby calls on the Commission to exercise more flexible framework for the provision of support of the Facility to Member States particulary in respect to the fallout of the Russian aggression on Ukraine, namely related to social, children, housing infrastructure, etc. aspects.
Amendment 125 #
2021/2251(INI)
Motion for a resolution
Paragraph 9 b (new)
Paragraph 9 b (new)
9 b. Urges the Commission to reassess the potential amount of RRF loan support that would not be requested by the Member States due to limited interest for the loan component, in order to supplement the REPowerEU program in necessary ways to help make the EU independent from Russian fossil fuels in light of Russian invasion of Ukraine.
Amendment 133 #
2021/2251(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Tasks the Commission with analysing the reasons why the Member States have not requested loans to the full extent of their allocation; and requests to come up with recommendations how this issue could be improved, provided Member States chose to update or amend their NRRPs
Amendment 137 #
2021/2251(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Tasks the Commission with analysing the reasons why the Member States have not requested loans to the full extent of their allocation; such analyses should focus on comparing the conditions of loans from international market with RRF conditions, which might be exaggerated;
Amendment 151 #
2021/2251(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Looks forward to more granular and disaggregated data allowing for a better understanding of the additionality impacts of the RRF; urges the Member States to provide detailed information to the Commission in order to ensure effective reporting of the impact of the RRF;
Amendment 158 #
2021/2251(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Observes that 20 Member States have received pre-financing of up to 13 % of of their total allocafinancial contribution, that one Member State has not requested pre- financing and that five have so far requested first payments from the RRF;
Amendment 172 #
2021/2251(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that 22 NRRPs have been approved and observes that as of early February 2022, one Member State had not yet put forward its NRRP; further notes that four NRRPs are pending assessment by the Commission; calls on the Commission to make the final assessment of the above mentioned plans as soon as possible; reminds the Commission that according to Article 19 of the RRF Regulation, the assessment needs to be done in close cooperation with the Member State within two months of the official submission of the NRRPs;
Amendment 175 #
2021/2251(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the fact that 22 NRRPs have been approved and observes that as of early February 2022, one Member State had not yet put forward its NRRP; further notes that four NRRPs are pending assessment by the Commission; deplores the fact that the adoption of two NRRPs, namely the Polish and Hungarian, are blocked because of political reasons;
Amendment 177 #
2021/2251(INI)
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15 a. Points out that the delay of assessment of the NRRPs by the Commission considerably hinders the main objectives of the RRF set out to help to cushion EU economies and citizens from the most acute impacts of the COVID-19 pandemic and to positively contribute to the recovery and resilience of every Member State; notes that these delays further contribute to suspiciousness of politically driven reasons.
Amendment 179 #
2021/2251(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes the fact that the Commission’s assessments concluded that all approved NRRPs address all six pillars of the RRF and satisfactorily fulfil all assessment criteria as set out in RRF Regulation and represent a balanced package of reforms and investments; considers that Member States could have better aligned their NRRPs to the six RRF pillars and the requirements of the RRF Regulationreminds that these criteria are also fulfilled by the Polish and Hungarian RRP's, however their approval is pending on political blackmailing by the European left; deplores that this political blackmailing is damaging the level playing field amongst Member States' economies;
Amendment 186 #
2021/2251(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 187 #
2021/2251(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Reminds the Commission that the rule of law conditionality mechanism is an essential component of the RRF; calls on it to refrain from approving the NRRPs of Poland and Hungary as long as concerns regarding the observance ofstresses that the situation with regard to Ukraine and the COVID-19 pandemic means that the rRule of lLaw and the prevention and detection of and fight against fraud, conflicts of interest and corruption persist in those counConditionality Mechanism should not be applied; stries, and to ensure that all the measures set out in their plans comply with EU values enshrined in Article 2 of the Treaty on European Unionses further that all remaining national plans under the Recovery and Resilience Facility should be approved as a matter of urgency;
Amendment 195 #
2021/2251(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Urges the Commission to monitor very carefully the risks to EU financial interests in the implementation of the RRF and any breach or potential breach of the principles of the rule of law; notes that the CJEU has explicitly stated that the Conditionality Regulation is not intended to protect the rule of law, but to protect the EU budget;
Amendment 196 #
2021/2251(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Urges the Commission to monitor very carefully the risks to EU financial interests in the implementation of the RRF and any breach or potential breach of the principles of the rule of law;
Amendment 236 #
2021/2251(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Notes that approved NRRPs envisage expenditure on healthcare-related measures of EUR 37 billion, which corresponds to 8 % of total NRRP expenditure; expects these healthcare- related measures to contribute to increasing the resilience of healthcare systems and their preparedness for future crises; notes that Commission’s assessment criteria related to healthcare systems should be revised in order to cover individual country specific challenges more accurately.
Amendment 48 #
2021/2184(INI)
Motion for a resolution
Recital C
Recital C
C. whereas the problems of the banking sectorbanking sector has so far been highly resilient to the COVID-19 crisis, but there is a risk that its situation, especially with regard to NPLs, may worsen after the temporary support and business protection measures introduced during the COVID-19 crisis by the governments of individual Member States are lifted;
Amendment 76 #
2021/2184(INI)
Motion for a resolution
Recital F
Recital F
F. whereas there are numerous challenges to the digitalisation of finance, in particular the need to combat cybercrime, which threatens the security of customers;
Amendment 107 #
2021/2184(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Recalls that onthe core goal of the BU is the security and stability of the banking system and the prevention of bank bailouts by taxpayers; supports efforts to strengthen the BU; stresses that a solid BU will result in increased confidence in the banking sector and contribute to improving its health;
Amendment 116 #
2021/2184(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Considers that the BU should be built in a friendly and attractive way, including for Member States outside the euro area; points out that Member States not belonging to the BU are also bound by the rules of the so-called Single Rulebook, which arose as a result of the process of harmonisation and integration of the European banking system, and that their banking systems are de facto strongly linked to the BU;
Amendment 126 #
2021/2184(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the relatively good performance of banks duringbanking sector has shown a relatively high degree of resilience to the COVID- 19 crisis is related to the policiand has played an important role in minimising its negative impact on the economy, including through loan repayment moratoria; points out, however, that emergency measures implemented by the Member States during the pandemic, as well as to temporary measures under Regulation (EU) 575/2013 (Capital Requirements Regulation), have also had an indirect impact on the health of the banking sector;
Amendment 130 #
2021/2184(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Stresses the exceptional nature of the pandemic and the temporary nature of the aid measures; notes that their gradual phasing out and a return to pre-COVID- 19 capital requirements should be anticipated; stresses that while temporary measures should be tailored to the situation, conditions and pathways out of them should be clearly defined; takes note, in this context, of the decision of the Governing Council of the ECB of 16 December 2021 to cease net asset purchases under the Pandemic Emergency Purchase Programme (PEPP) at the end of March 2022; reiterates that asset purchase programmes (APPs and PEPPs) should not lead to distortions in the economy and should be guided by the principle of market neutrality; notes that an effectively implemented economic recovery programme — including reforms in the Member States — will be crucial for the security and stability of the banking sector in the EU;
Amendment 136 #
2021/2184(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Rrecalls the key role of the EU banking sector in financing the recovery of the European economyat the main challenge for the EU banking sector will be to ensure access to credit and to support the real economy during the recovery of the European economy, in the context of the phasing out of emergency support measures and a return to tighter capital requirements;
Amendment 143 #
2021/2184(INI)
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4 a. Points out that a strong and well- constructed Capital Markets Union would be an important support for the banking sector during the recovery of the European economy; stresses, in this context, that in order to complete the Capital Markets Union, it is necessary to ensure the proportionality of the legislation adopted, the protection of retail clients and the preservation of the appropriate role of national supervisory authorities as conditions for an attractive, secure and stable capital market;
Amendment 150 #
2021/2184(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Notes that the EBA, the ECB and the SRB still see many problems challenges facing the banking system, such as relatively high stocks of non-performing loans (NPLs), exposures to sectors which are sensitive to the COVID- 19 crisis, deficiencies in risk managementshortcomings in credit risk management and the governance capabilities of governing bodies, shortcomings in cyber resilience and in digital transition strategies, and discrepancies in the implementation of International Financial Reporting Standard 9 (IFRS 9); underlines with concern that these problems are likely tomay increase after the withdrawal of the emergency measures;
Amendment 170 #
2021/2184(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Supports ongoing work on the legislation finalising the implementation of the Basel III rules; stresses, in this context, that the solutions laid down in Basel III rules, including as regards output floors, should be implemented as strictly as possible;
Amendment 181 #
2021/2184(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes that the banking sector is adapting to the challenges of digitalisation; stresses the need for further investments, research and adequate regulations; appreciates the work on the digital finance package; considers that the priority should be customer safety and the protection of their funds and data, greater EU involvement in the development of a legal framework that facilitates the banking sector’s fight against cybercrime and the exchange of information in this regard, inclusiveness and technological neutrality; observes with interest the work on the digital euro;
Amendment 200 #
2021/2184(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 208 #
2021/2184(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Considers the reduction of NPLs should remain a priority; warns that, although the situation is stable for the time being, their number is likely to increase rapidly after the withdrawal of emergency support measures, especially for SMEs; draws attention to the importance of prudential compliance, early identification and proactive management of NPLs; stresses the need for cooperation with vulnerable debtors, while acknowledging the solutions put in place by the banking sector in this regard during the pandemic (such as a moratorium on loan repayments); welcomes the adoption of the Directive on credit servicers and credit purchasers, which will help banks to reduce the number of NPLs on their balance sheets;
Amendment 219 #
2021/2184(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Is concerned about the rising level of sovereign debt on the balance sheets of banks in the BU; notes that government bonds are not risk-free assets and that risks are differentiated; emphasises that the issue of regulatory treatment of sovereign exposures (RTSE), given the complexity of the issue, requires an in-depth examination of the consequences of different approaches, both from the perspective of the banking sector and in terms of the assessment of sovereign bond market liquidity; believes that any potential solution should be balanced and treat all EU Member States fairly (in particular, without penalising non-euro area government issuers);
Amendment 236 #
2021/2184(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Nnotes that the transition to a low- carbon economy presentoses new challenges and risks related to the preference for for the banking sector associated with the objectives of the EU’s green transition, which prioritises ‘sustainable’ investments; stresses the need for an in- depth analysis of the economic efficiency of sustainablech investments in order to avoid a future bubble of green assets; calls for clear guidelines for banks based on economic dataproviding banks with clear guidelines in this regard, based on hard economic data; while recognising the value of the climate risk stress tests, calls for them to be based on realistic assumptions (in particular as regards data on the real likelihood of climate change) and for consideration to be given to the risks associated with a possible green bubble;
Amendment 255 #
2021/2184(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Recalls that the impact of special measures implemented during the pandemic by the governments of individual Member States should be taken into account in the assessment of the current condition of banks; stresses that these measures, such as cover schemes for companies affected by COVID, distort the picture, as the decline in real economic activity does not fully translate into banks’ balance sheets; considers that the delayed impact of this downturn on the future health of banks must be taken into account;
Amendment 270 #
2021/2184(INI)
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14 a. Signals the need to prepare the banking sector for possible increases in interest rates in the euro area; notes that smaller central banks in the EU (Czech Republic, Poland, Hungary) are already raising interest rates in order to slow down inflation;
Amendment 277 #
2021/2184(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Indicates that the trend towards consolidation in the banking sector is likely to increase as a result of the pandemic; recognises the challenges posed to banking supervision by large systemically important institutions, whose possible problems may affect financial stability in many jurisdictions; stresses the benefits of preserving the diversity and multiplicity of financial sectors in maintaining financial stability;
Amendment 285 #
2021/2184(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Notes the problems and challenges related to home/host issues; points out that greater market integration requires crediblenotes that strengthening cross-border integration and allowing flexibility in the distribution of capital and its more free movement across the group requires credible, efficient and unconditional safeguards reflected in EU law for host Member States; stresses that adequately capitalised subsidiaries are crucial for financial stability, the protection of deposits and the pursuit of macroprudential policies in host countries;
Amendment 296 #
2021/2184(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Stresses the need for effective anti- money laundering supervision and points to the need for cooperation and coordination between prudential supervision activities, anti-money laundering supervision activities and FIUs, in particular as regards the exchange of information on authorisation procedures, qualifying holding acquisitions, ongoing supervision and supervisory measures and sanctions; notes the Commission’s adoption of the anti- money laundering (AML) package of proposals;
Amendment 310 #
2021/2184(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Underlines the need to protect consumers from abuses and harmful practices, unfair contract terms, harmful practices and harmful products; calls for consumer access to cross-border retail financial services to be ensured;
Amendment 314 #
2021/2184(INI)
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18 a. Calls for better regulation of the activities of shadow banking institutions, including credit institutions, in order to enhance customer protection and to ensure effective supervision of the financial market;
Amendment 323 #
2021/2184(INI)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19 a. Insists on holding banks solely responsible for their performance instead of letting taxpayers shoulder the burden of a crisis management framework;
Amendment 328 #
2021/2184(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Supports the clearer specification of the public interest assessment criteria so that the SRM is applied in a more consistent and predictable manner; proposes that consideration be given to an alternative liquidation regime for small and medium-sized banks be considered, for which bankruptcy - with its negative consequences for local communities and businesses - is currently the primary pathway; asks for a more proportionate setting of the minimum requirement for own funds and eligible liabilities (MREL) level;
Amendment 340 #
2021/2184(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Supports the updating of State aid rules in order to ensure their greater adequacy and consistency with the SRM framework and adapting them for different forms of restructuring; emphasises that one of the goals of such an update should be to enable quick and effective interventions under the SRM or in the alternative liquidation regime;
Amendment 357 #
2021/2184(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Recalls that the SSM and the SRM operate at EU level, while deposit guarantee schemes (DGSs) are operated at national level; recognises that a European deposit insurance scheme (EDIS) would improve protection for depositors in the EU and their trust in the banking sector;
Amendment 381 #
2021/2184(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Considers that the main obstacles for EDIS are concerns about risks and the quality of risk monitoring in some banking systems; stresses that the implementation of credible and effective risk reduction measures could enable an agreement on EDIS;
Amendment 12 #
2021/2180(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Recalling its resolution of 8 July 2021 on the creation of guidelines for the application of the general regime of conditionality for the protection of the Union budget2, insists that the Commission include in its annual Rule of Law Report a section dedicated to cases where breaches of the rule of law in a Member State could affect or seriously risk affecting the sound financial management of the Union budget or the protection of the financial interests of the Union in a sufficiently direct way; _________________ 2 Texts adopted, P9_TA(2021)0348.
Amendment 17 #
2021/2071(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the Commission’s intention to develop guidelines for the application of the Regulation; reiterates once again its view that the text of the Regulation is clear and does not require any additional interpretation in order to be applied;
Amendment 32 #
2021/2071(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
Amendment 593 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point a
Article 1 – paragraph 1 – point 23 – point a
Regulation (EU) No 575/2013
Article 92 – paragraphs 3 – point a – introductory part
Article 92 – paragraphs 3 – point a – introductory part
(a) a stand-alone institution in the EU and, for the purposes of complying with the obligations of this Regulation on the basis of its consolidated situation in accordance with Part One, Title II, Chapter 2, an EU parent institution, an EU parent financial holding company and an EU parent mixed financial holding companyinstitutions shall calculate the total risk exposure amount as follows:
Amendment 610 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point a
Article 1 – paragraph 1 – point 23 – point a
Regulation (EU) No575–2013
Article 92 – paragraphs 3 – point b
Article 92 – paragraphs 3 – point b
Amendment 621 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point a
Article 1 – paragraph 1 – point 23 – point a
Regulation (EU) No 575/2013
Article 92 – paragraphs 3 – point c
Article 92 – paragraphs 3 – point c
Amendment 632 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 23 – point b
Article 1 – paragraph 1 – point 23 – point b
Regulation (EU) No 575/2013
Article 92 – paragraph 6
Article 92 – paragraph 6
Amendment 1148 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 172 a (new)
Article 1 – paragraph 1 – point 172 a (new)
Regulation (EU) No 575/2013
Article 429a – paragraph 1 – point c a (new)
Article 429a – paragraph 1 – point c a (new)
(172 a) in Article 429a(1), the following point is added: (ca) where the institution is a member of the network referred to in Article 113(7), the exposures that are assigned a risk weight of 0% in accordance with Article 114 and arising from assets being an equivalent of deposits in the same currency of other members of that network stemming from legal or statutory minimum deposit in accordance with Article 422(3), point (b). In such a case exposures of other members of that network being legal or statutory minimum deposit are not subject to point c).
Amendment 1202 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No575–2013
Article 465 – paragraph 1 – introductory part
Article 465 – paragraph 1 – introductory part
1. By way of derogation from Article 92, paragraphs 3 and 6, parent institutions, parent financial holding companies, parent mixed financial holding companies, stand-alone institutions in the EU or stand-alone subsidiary institutions in Member State, institutions may apply the following factor ‘x’ where calculating TREA:
Amendment 1216 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No575–2013
Article 465 – paragraph 2 – introductory part
Article 465 – paragraph 2 – introductory part
2. By way of derogation from Article 92(3), point (a), EU parent institutions, EU parent financial holding companies or an EU parent mixed financial holding companies, stand-alone institutions in the EU or stand-alone subsidiary institutions in Member States may, until 31 December 2029, apply the following formula when calculating TREA:
Amendment 1222 #
2021/0342(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 196
Article 1 – paragraph 1 – point 196
Regulation (EU) No575–2013
Article 465 – paragraph 2 – subparagraph 2
Article 465 – paragraph 2 – subparagraph 2
For the purposes of that calculation, EU parent institutions, EU parent financial holding companies or an EU parent mixed financial holding companies shall take into account the relevant factors ‘x’ referred to in paragraph 1.
Amendment 99 #
2021/0241(COD)
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) Most crypto-asset transactions are pseudonymous and transparent, and therefore, present a lower risk of money laundering and terrorist financing due to the inherently transparent and immutable nature of blockchain technology which makes it easier to trace crypto-asset transactions;
Amendment 112 #
2021/0241(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) In order not to impair the efficiency of payment systems and crypto-asset transfer services , and in order to balance the risk of driving transactions underground as a result of overly strict identification requirements against the potential terrorist threat posed by small transfers of funds or crypto-assets , the obligation to check whether information on the payer or the payee , or, for transfers of crypto-assets, the originator and the beneficiary, is accurate should, in the case of transfers of funds where verification has not yet taken place, be imposed only in respect of individual transfers of funds or crypto-assets that exceed EUR 15000, unless the transfer appears to be linked to other transfers of funds or transfers of crypto-assets which together would exceed EUR 15000, the funds or crypto-assets have been received or paid out in cash or in anonymous electronic money, or where there are reasonable grounds for suspecting money laundering or terrorist financing.
Amendment 140 #
2021/0241(COD)
Proposal for a regulation
Recital 45 a (new)
Recital 45 a (new)
(45a) Crypto-asset service providers should be exempted from the requirement to ensure that transfers of crypto-assets are accompanied by detailed information on both the originator and beneficiary of the transfers if they can demonstrate that they have implemented technical measures which pursue the same objectives of the Regulation and provide an equivalent level of prevention against money laundering and terrorist financing. For a technical measure to be considered as achieving an equivalent level of prevention against money laundering and terrorist financing, competent authorities should consider the extent to which they are capable of identifying and tracing illicit activities and identifying suspicious accounts.
Amendment 141 #
2021/0241(COD)
Proposal for a regulation
Article 1 – paragraph 1
Article 1 – paragraph 1
This Regulation lays down rules on the information on payers and payees, accompanying transfers of funds, in any currency, and the information on originators and beneficiaries, accompanying transfers of crypto-assets, for the purposes of preventing, detecting and investigating money laundering and, terrorist financing and avoidance of EU sanction, where at least one of the payment or crypto-asset service providers involved in the transfer of funds or crypto- assets is established in the Union.
Amendment 191 #
2021/0241(COD)
Proposal for a regulation
Article 5 – paragraph 2 – point a
Article 5 – paragraph 2 – point a
(a) for transfers of funds exceeding EUR 15000, whether those transfers are carried out in a single transaction or in several transactions which appear to be linked, the information on the payer or the payee in accordance with Article 4;
Amendment 195 #
2021/0241(COD)
Proposal for a regulation
Article 5 – paragraph 2 – point b – introductory part
Article 5 – paragraph 2 – point b – introductory part
(b) for transfers of funds not exceeding EUR 15000 that do not appear to be linked to other transfers of funds which, together with the transfer in question, exceed EUR 15000, at least:
Amendment 200 #
2021/0241(COD)
Proposal for a regulation
Article 6 – paragraph 2 – subparagraph 1 – introductory part
Article 6 – paragraph 2 – subparagraph 1 – introductory part
By way of derogation from Article 4(1), and, where applicable, without prejudice to the information required in accordance with Regulation (EU) No 260/2012, where the payment service provider of the payee is established outside the Union, transfers of funds not exceeding EUR 15000 that do not appear to be linked to other transfers of funds which, together with the transfer in question, exceed EUR 15000, shall be accompanied by at least:
Amendment 234 #
2021/0241(COD)
Proposal for a regulation
Article 14 – paragraph 3 a (new)
Article 14 – paragraph 3 a (new)
3a. By way of derogation from paragraph 1 and paragraph 2, the crypto- asset service provider shall be exempted from the requirement to provide the information listed in this Article for transfers of crypto-assets if it can demonstrate that it has implemented technical measures having an equivalent object or effect as requirement in this Article, allowing the provider to achieve the objectives of this Regulation and effectively prevent money laundering and terrorist financing.
Amendment 260 #
2021/0241(COD)
Proposal for a regulation
Article 15 – paragraph 2 – subparagraph 1 – introductory part
Article 15 – paragraph 2 – subparagraph 1 – introductory part
By way of derogation from Article 14(1), transfers of crypto-assets not exceeding EUR 15 000 that do not appear to be linked to other transfers of crypto-assets which, together with the transfer in question, exceed EUR 15 000, shall be accompanied by at least the following information:
Amendment 270 #
2021/0241(COD)
Proposal for a regulation
Article 16 – paragraph 2
Article 16 – paragraph 2
2. In the case of transfers of crypto- assets exceeding EUR 15 000, whether those transfers are carried out in a single transaction or in several transactions which appear to be linked, before making the crypto-assets available to the beneficiary, the crypto-asset service provider of the beneficiary shall verify the accuracy of the information on the beneficiary referred to in paragraph 1 on the basis of documents, data or information obtained from a reliable and independent source, without prejudice to the requirements laid down in Articles 83 and 84 of Directive (EU) 2015/2366.
Amendment 277 #
2021/0241(COD)
Proposal for a regulation
Article 16 – paragraph 3 – introductory part
Article 16 – paragraph 3 – introductory part
3. In the case of transfers of crypto- assets not exceeding EUR 15 000 that do not appear to be linked to other transfers of crypto-asset which, together with the transfer in question, exceed EUR 15 000, the crypto-asset service provider of the beneficiary shall only verify the accuracy of the information on the beneficiary in the following cases:
Amendment 57 #
2021/0240(COD)
Proposal for a regulation
Article 1 – paragraph 3 a (new)
Article 1 – paragraph 3 a (new)
3a. Support and coordinate the exchange of information between Member States and EU institutions on financial assets and transactions subject to sanctions;
Amendment 60 #
2021/0240(COD)
Proposal for a regulation
Article 5 – paragraph 3 – point b
Article 5 – paragraph 3 – point b
Amendment 61 #
2021/0240(COD)
Proposal for a regulation
Article 5 – paragraph 3 – point c
Article 5 – paragraph 3 – point c
Amendment 62 #
2021/0240(COD)
Proposal for a regulation
Article 5 – paragraph 4 – point d
Article 5 – paragraph 4 – point d
Amendment 66 #
2021/0240(COD)
Proposal for a regulation
Article 19 – paragraph 2
Article 19 – paragraph 2
2. Where an authorisation as referred to in paragraph 1 is applied for, the national judicial authority shall control that the decision of the Authority is authentic and compliant with both Union and national law, and that the coercive measures envisaged are neither arbitrary nor excessive having regard to the subject matter of the inspection. In its control of the proportionality of the coercive measures, the national judicial authority may ask the Authority for detailed explanations, in particular relating to the grounds the Authority has for suspecting that an infringement of the acts referred to in Article 1(2), first subparagraph has taken place, the seriousness of the suspected infringement and the nature of the involvement of the person subject to the coercive measures. However, the national judicial authority shall not review the necessity for the inspection or demand to be provided with the information on the Authority’s file. The lawfulness of the Authority’s decision shall be subject to review only by the Court of Justice of the European Union.
Amendment 67 #
2021/0240(COD)
Proposal for a regulation
Article 37 a (new)
Article 37 a (new)
Article 37a The hosting and the entire network infrastructure of the system should be located within the European Union.
Amendment 6 #
2021/0214(COD)
Proposal for a regulation
Citation 1
Citation 1
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 192(12)(a) thereof,
Amendment 10 #
2021/0214(COD)
Proposal for a regulation
Recital 10
Recital 10
Amendment 13 #
2021/0214(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) The CBAM seeks to replace these existing mechanisms by addressing the risk of carbon leakage in a different way, namely by ensuring equivalent carbon pricing for imports and domestic products. To ensure a gradual transition from the current system of free allowances to the CBAM, the CBAM should be progressivelyis supposed to be complementary to the current mechanisms. It should be phased in, while the potential withdrawal of free allowances in sectors covered by the CBAM are phased out. The combined and should be considered no earlier trhansitional application of EU ETS allowances allocated free of charge and of the CBAM should in no case result in more favourable treatment for Union goods compared to goods imported into the customs territory of the Un upon completion of the pilot phase of the CBAM and after carrying out a thorough analysis of the real impact of the new mechanism on the stability of the internal market and the competitiveness of Union production.
Amendment 39 #
2021/0214(COD)
Proposal for a regulation
Article 2 – paragraph 11
Article 2 – paragraph 11
Amendment 41 #
2021/0214(COD)
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. Any declarant shall, prior to importing goods as referred to in Article 2, apply to the cCompetent authoritymission at the place where it is established, for an authorisation to import those goods into the customs territory of the Union.
Amendment 231 #
2021/0213(CNS)
Proposal for a directive
Article 5 – paragraph 2
Article 5 – paragraph 2
Amendment 248 #
2021/0213(CNS)
Proposal for a directive
Article 9 – paragraph 2
Article 9 – paragraph 2
Without prejudice to Article 5(2), when a transitional period is applicable as provided for in Table C of Annex I, the increase in the minimum levels of taxation shall be fixed at one tenth per year until 1 January 2033. For low-carbon fuels, the minimum level of taxation set for the first year of the transitional period shall apply until 1 January 20335.
Amendment 302 #
2021/0213(CNS)
Proposal for a directive
Article 16 – paragraph 1 – introductory part
Article 16 – paragraph 1 – introductory part
Without prejudice to other Union provisions, Member States mayshall apply under fiscal control exemptions or reductions in the level of taxation to:
Amendment 318 #
2021/0213(CNS)
Proposal for a directive
Article 16 – paragraph 1 – point c
Article 16 – paragraph 1 – point c
(c) energy products and electricity produced from combined heat and power generation, provided that cogeneration by the combined generators is high-efficiency cogeneration as defined in Article 2, point (34), of Directive 2012/27/EU. ;
Amendment 328 #
2021/0213(CNS)
Proposal for a directive
Article 16 a (new)
Article 16 a (new)
Article 16 a Where electricity and heat meet the criteria for high-efficiency cogeneration [on the date of entry into force of this Directive], a Member State shall apply to it, under fiscal control exemptions or reductions in the level of taxation, irrespective of any further changes to the provisions of other legislation defining high-efficiency cogeneration.
Amendment 401 #
2021/0213(CNS)
Proposal for a directive
Annex I – table C – column 3 - row 1
Annex I – table C – column 3 - row 1
Final rate after completion of transitional period (01.01.2033) before indexation5)
Amendment 402 #
2021/0213(CNS)
Proposal for a directive
Annex I – table C – rows 5 and 9
Annex I – table C – rows 5 and 9
Amendment 41 #
2021/0206(COD)
Proposal for a regulation
Recital 13
Recital 13
(13) A Social Climate (‘the Fund’) should therefore be established to provide funds to the Member States to support their policies to address the social impacts of the emissions trading for buildings and road transportcosts generated by the EU climate change policies on vulnerable households, vulnerable micro-enterprises and vulnerable transport users. This should be achieved notably through temporary income support and measures and investments intended to reduce reliance on fossil fuels through increased energy efficiency of buildings, decarbonisation of heating and cooling of buildings, including the integration of energy from renewable sources, and granting improved access to zero- and low-emission mobility and transport to the benefit of vulnerable households, vulnerable micro-enterprises and vulnerable transport users.
Amendment 51 #
2021/0206(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) Ensuring that the measures and investments are particularly targeted towards energy poor or vulnerable households, vulnerable micro-enterprises and vulnerable transport users is key for a just transition towards climate neutrality. Support measures to promote reductions in greenhouse gas emissions should help Member States to address the social impacts arising from the emissions trading for the sectors of buildings and road transportcosts generated by the EU climate policy.
Amendment 53 #
2021/0206(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) Pending the impact of those investments on reducing costs and emissions, well targeted direct income support for the most vulnerable would help the just transition. Such support should be understood to be a temporary measure accompanying the decarbonisation of the housing and transport sectors. It would not be permanent as it does not address the root causes of energy and transport poverty. Such support should only concern direct impacts of the inclusion of building and road transport into the scope of Directive 2003/87/EC, not electricity or heating costs related to the inclusion of power and heat production in the scope of that Directive. Eligibility for such direct income support should be limited in time.
Amendment 2 #
2021/0000(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the Annual Sustainable Growth Strategy 2021 assessments, the strategy’s enhanced focus on social and environmental dimensiontrengthening the social and economic resilience of the Member States and its emphasis on the importance of combining crisis management with the transformative aspirations of the Green Deal and the digital transition; underlines that the COVID-19 crisis is having an impact on the notion of reforms,digital transition; notes too the emphasis placed on environmental sustainability, which should be attained while respecting the long-term sustainability of public finances and while taking due account of the respective starting point of each Member State; underlines that the COVID-19 crisis draws into focus the need for structural reforms, in support of the immediate recovery and long-term resilience and highlightnotes the Portuguese Presidency’s emphasis on the European social model as a valuable contribution in this regard;
Amendment 18 #
2021/0000(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Considers that the agreements on the multiannual financial framework, Next Generation EU, the own resources (OR) decision, and the Recovery and Resilience Facility (RRF) and the Rule of Law (RoL) regulation constitute a viable baseline for innovative policies and is convinced that the common issuance of bonds at EU level is a sea change in EU public finances which adds value by mutualising the outstanding credit rating of the EU budget based on its OR system;
Amendment 33 #
2021/0000(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that the RRF reshapecompliments the European Semester framework and that, together with the Just Transition Fund, will be an exemplary test case of howsupport the execution of structural reforms at the national level and bring greater synchronicity between EU strategic guidance and financial firepower can be synchronised with national priorities, financing tools and implementation capacities;
Amendment 39 #
2021/0000(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the Commission to complement relevant scoreboards and dashboards with indicators that better reflect the impact of the EU budget as well as social, gender-related, macroeconomic and environmental impacts;
Amendment 47 #
2021/0000(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Stresses the need for the recovery and resilience plans to deliver public goods like pandemic prevention and to contribute to implementing the European Pillar of Social Rights, the EU’s climate and biodiversity objectives, the digital and green transformation and the Gender Equality Strategypolicies in support of shared objectives, including economic reforms, the European Pillar of Social Rights, the digital transition and measures to improve the convergence between Member States, to promote and deliver sustainable growth in all Member States across the European Union;
Amendment 63 #
2021/0000(INI)
Draft opinion
Paragraph 7
Paragraph 7
Amendment 16 #
2020/2223(INI)
Motion for a resolution
Recital B
Recital B
B. whereas the Commission responded to the outbreak of the COVID-19 crisis promptly by adopting special competition state aid rules which should remain temporary;
Amendment 100 #
2020/2223(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls on the Commission and the Member States to launch a post COVID-19 roadmap for less and better targeted State aid and analysis of the impact of Covid aid on the Single Market;
Amendment 159 #
2020/2223(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Welcomes the Commission’s White Paper on levelling the playing field as regards foreign subsidies as a preliminary step of the instrument that limit unfair competition from entrepreneurs supported by third countries to a greater extent than the current EU regulations allow;
Amendment 297 #
2020/2223(INI)
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27 a. In this context, it seems necessary to change the approach to energy- intensive industries. Taking into account the need for much greater control and sovereignty of the EU and its Member States in value chains, energy-intensive industries should also be supported in order to be able to undergo the climate transformation in such away as to avoid the carbon leakage;
Amendment 1 #
2020/2124(INI)
Motion for a resolution
Citation 3
Citation 3
Amendment 2 #
2020/2124(INI)
Motion for a resolution
Citation 4
Citation 4
Amendment 4 #
2020/2124(INI)
Motion for a resolution
Citation 8
Citation 8
Amendment 7 #
2020/2124(INI)
Motion for a resolution
Citation 17
Citation 17
Amendment 8 #
2020/2124(INI)
Motion for a resolution
Citation 18 a (new)
Citation 18 a (new)
— having regard to the European Court of Auditors (ECA) Special Report entitled ‘European Fund for Strategic Investments: Action needed to make EFSI a full success’, published on 29 January 2019
Amendment 11 #
2020/2124(INI)
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Welcomes the Covid-19 response of the EIB and its efforts to get financing under way swiftly without adding extra red tape and bureaucracy; acknowledges this is especially important for SME financing; appreciates the EIB offering technical assistance to prepare and implement projects, to build the capacity of national or regional partners such as managing authorities, national promotional banks or cities; also welcomes the EIB stepping up its support to the healthcare sector;
Amendment 15 #
2020/2124(INI)
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Recalls the importance for EIB to maintain a high-credit standing (AAA) in order to be able to secure the most preferential financial conditions at the capital markets which it can then pass on to its clients;
Amendment 21 #
2020/2124(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Reiterates that all financial flows of the European Investment Bank (EIB) Group should be consistent with the goal of achieving net zero emissions by 2050 at the latest and the Union’s new climate objective for 2030; looks forward towelcomes the adoption in 2020 of an ambitious Climate Bank Roadmap 2021-25 (CBRM), which is to includes a detailed strategic and operational framework with milestones and a shadow carbon price of at least EUR 100/tonne by 2025; calls for all financial intermediaries and corporate clients to have a decarbonisation plan in place by the end of 2021;
Amendment 28 #
2020/2124(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Expresses serious concerns about the severeNotes macroeconomic imbalances deriving from the COVID-19 crisis and their related impact on economic growth, investment, resilience, employment rates and socio-economic inequalities; encourages Member States to address emerging imbalances through reforms that enhance economic and social resilience;
Amendment 33 #
2020/2124(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Expects the EIB to comply with Article 191 of the Treaty on the Functioning of the European Union and, respecting the relevant legal provisions of EIB finance contracts, to put on hold disbursement, and, if necessary, to withdraw funding, if there is evidence or a serious risk of adverse impacts; expects the EIB to conduct thorough monitoring that fully takes into account concerns expressed by concerned parties and stakeholders, in particular those pertaining to human rights violations;
Amendment 34 #
2020/2124(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Underlines the EIB’s crucial role in supporting the economic recovery in the short and medium term in conjunction with the Next Generation EU Recovery Instrument, the EU’s long-term budget, the European Fund for Strategic Investments (EFSI) and other European financial instruments; welcomnotes the EIB’s financial engagement in the EFSI as a way to help overcome the investment gap in the EU; welcomnotes, moreover, the EIB’s central role in supplying advisory support under the InvestEU Advisory Hub;
Amendment 36 #
2020/2124(INI)
2 a. Underlines that it is questionable whether EFSI solved the causes of the investment gap or if it merely shifted the risks that private lenders were not willing to take to all European taxpayers;
Amendment 37 #
2020/2124(INI)
Motion for a resolution
Paragraph 2 b (new)
Paragraph 2 b (new)
2 b. Acknowledges the risks of dead- weight loss and moral hazard of EFSI;
Amendment 38 #
2020/2124(INI)
Motion for a resolution
Paragraph 2 c (new)
Paragraph 2 c (new)
2 c. Reminds that ECA found that the methodology used to estimate the investment mobilised in some cases overstated the extent to which EFSI support actually induced additional investment in the economy; reminds that some EFSI support just replaced other financing from the EU and the European Investment Bank;
Amendment 39 #
2020/2124(INI)
Motion for a resolution
Paragraph 2 d (new)
Paragraph 2 d (new)
2 d. Stresses ECA’s recommendation that for all the investment support instruments for the MFF 2021-2027, the Commission should define a set of indicators measuring the expected results of budgetary guarantees in a realistic manner that enables comparison with other EU financial instruments; in particular, if “investment mobilised” and the “multiplier effect” are used as indicators, the calculation methodology and reporting arrangements should appropriately reflect the extent to which EU budget guarantee support actually induces or mobilises the investment of others;
Amendment 40 #
2020/2124(INI)
Motion for a resolution
Paragraph 2 e (new)
Paragraph 2 e (new)
2 e. Is concerned that the lack of comparable performance and monitoring indicators for all EU financial instruments and budgetary guarantees diminishes transparency and the ability to assess results;
Amendment 41 #
2020/2124(INI)
Motion for a resolution
Paragraph 2 f (new)
Paragraph 2 f (new)
2 f. Reminds that the causes of the investment gap, such as record level of public debts, non-performing loans in the banking sector, and high bureaucratic, regulatory and tax burden, have not yet been properly addressed;
Amendment 43 #
2020/2124(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Expects the CBRM and the EIB’s revised transport lending policy not to fall below the standard of EU taxonomy; calls for no new loans to be granted that hinder the decarbonisation of transport, and, in particular, no new financing to be awarded for the expansion of airports, for increased road capacity, for port expansions in Europe and related infrastructure or for the shipping of liquefied natural gaign with EU standards; requests the EIB to take into account the Commission’s strategy for sustainable and smart mobility and other relevant of EU transport policy plans;
Amendment 44 #
2020/2124(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls on proper discussion and data-driven analysis of the effectiveness of the possibility that the shareholders of the EIB to agree on a capital increase, both cash- in and callable in nature; emphasises that a capital increase should go hand in hand with greater transparency and democratic accountability;
Amendment 55 #
2020/2124(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts to deliver strong, policy-driven financing activity which gives priority to efficient public purpose projects, in particular those that would not otherwise be ‘bankable’, both within and outside the EU, with a view to addressing the unprecedented global challenges of the decades to come;
Amendment 58 #
2020/2124(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Welcomes the review of the EIB Environmental Social Standards and calls for a wide and inclusive public consultation; expects all projects to include more comprehensive gender and human rights dimensions and due diligence obligations; calls for the EIB to publish ‘Know Your Customer’ checks before approving any project.
Amendment 74 #
2020/2124(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes, in addition, the subsequent creation of the EUR 25 billion European Guarantee Fund (EGF) in response to the COVID-19 crisis, not least its positive impact in providing financial support to SMEs and the health sector; suggesttresses that the EGF should remain operational beyond 2021; deems it of the utmost importance to step up such initiatives to ensure that funds are reaching the real economyEGF was set up to be temporary in nature and will be able to guarantee loans provided until 31 December 2021;
Amendment 80 #
2020/2124(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. WelcomNotes the creation of a targeted financing initiative of up to EUR 5.2 billion in response to the COVID-19 pandemic in order to support countries outside the EU;
Amendment 82 #
2020/2124(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Underlines that in the light of the successive waves of COVID-19 infections, the efficiency of these instruments will need to be further strengthened and extended; asks the EIB to stand ready to launch new supportive financial initiativesscrutinized and enforced;
Amendment 86 #
Amendment 88 #
2020/2124(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 93 #
2020/2124(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. WelcomeQuestions the proposal to increase EIB financing for climate action and environmental sustainability, including renewable energies, from around 30 % to at least 50 % by 2025, which would unlock ; underlinvestment of more than EUR 1 trillion over the next decade the importance of accountability and transparency for bodies that receive and provide EU funding;
Amendment 103 #
2020/2124(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes, however, that the roadmap envisages the introduction of a transition period until the end of 2022, which would mean that the EIB will not be aligned with the objectives of the Paris Agreement until 2023 at the earliest;
Amendment 125 #
2020/2124(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Highlights the crucial role of the EIB in meeting the goals of the Just Transition Mechanism and asks for more commitment and concrete action in this respect, namely through structural programme loans, InvestEU and as a financing partner for the public sector loan facility;
Amendment 131 #
2020/2124(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Stresses that principle of value for money should represent the cornerstone of all EU funded investments; points out that EU funding should be accompanied by measurable objectives and outputs including a quantifiable and comparable evaluation mechanism that will allow to compare and rank the efficiency of individual EU programmes;
Amendment 136 #
2020/2124(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that efficient investment in innovation, infrastructure and skills are crucial elements to recover from the economic and social crisis, ensure sustainable growth and create high-quality jobs and long-term competitiveness;
Amendment 138 #
2020/2124(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Urges not to repeat mistakes of the past in response to the economic crisis and warns that boosting investment is not an alternative to productivity-enhancing reforms; emphasises that regulatory environment with predictable rules, a level playing field and reduced compliance costs attract private investments;
Amendment 155 #
2020/2124(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the EIB to play a role in assisting and financing the creation of innovation ecosystems and in promoting place-based industrial transformation, where universities, businesses, SMEs and start-ups can develop long-lasting partnerships for the common good; warns against the costs in a form of dead-weight loss, shifting of resources and moral hazard; calls the Commission to properly scrutinize the economic viability of the EIB programs;
Amendment 161 #
2020/2124(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Notes that during the ongoing COVID-19 crisis, social welfare systems in the Member States have come under unprecedented strain; calls on the EIB to partner with the Commission and Member States to strengthen social welfare systems and increase investment in the social sector, including by establishing similar targets for social investment to those for digital and green investments;
Amendment 166 #
2020/2124(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Calls on the EIB to play an active role in helping Member States to deliver on the implementation of the European Pillar of Social Rights, while standing ready to align with the forthcoming Commission action plan and the Social Summit in Porto; points to the importance of ex-ante and ex-post evaluations of the sustainability, economic, social and environmental impact of projects accompanied by measurable result indicators;
Amendment 169 #
2020/2124(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Highlights that public investments are limited as they represent scarce resources mostly funded by the taxpayers; calls on the EIB to prioritise the investments according to their efficiency in order to support economic growth;
Amendment 174 #
2020/2124(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. WelcomNotes the fact that the EIB is the largest multilateral lender in the world that strives to support EU external cooperation and development policies;
Amendment 178 #
2020/2124(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls for the EIB to prioritiserealise only an efficient investment in infrastructure that helps third countries to realise the UN Sustainable Development Goals and that delivers on social and environmental justice,deliver public services and fair economic opportunities for citizens;
Amendment 190 #
2020/2124(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. RecallNotes its request for an interinstitutional agreement between the EIB and Parliament in order to improve access to EIB documents and data and enhance democratic accountability;
Amendment 191 #
2020/2124(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
Amendment 219 #
2020/2124(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
Amendment 227 #
2020/2124(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Welcomes the fact that the EIB will review its environmental and social standards and calls for a wide and inclusive public consultation on these issues; invites the EIB to take account of the do-no harm principle in its operations; calls on the EIB to take this opportunity to strengthen its human rights policy;
Amendment 7 #
2020/2122(INI)
Motion for a resolution
Citation 43 a (new)
Citation 43 a (new)
— having regard to the European Court of Auditors (ECA) Special Report entitled ‘Resolution planning in the Single Resolution Mechanism’, published on 14 January 2021,
Amendment 20 #
2020/2122(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas the Banking Union encompasses a single supervisory mechanism, a single resolution mechanism, and harmonised national deposit guarantee schemes;
Amendment 42 #
2020/2122(INI)
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. whereas a reinforced Banking Union requires first and foremost accelerated efforts by various Member States to reduce their high levels of non- performing loans and prevent their increase in the future;
Amendment 45 #
2020/2122(INI)
Motion for a resolution
Recital C b (new)
Recital C b (new)
C b. whereas as long as risks differ greatly between national banking systems, European Deposit Insurance Scheme would pose additional systemic risk for the Banking Union;
Amendment 62 #
2020/2122(INI)
Motion for a resolution
Recital F
Recital F
F. whereas prudential and anti-money laundering supervision is necessary and equally important;
Amendment 74 #
2020/2122(INI)
Motion for a resolution
Recital I a (new)
Recital I a (new)
I a. whereas the sound public finances are necessary condition for the macro- financial stability of the Banking Union;
Amendment 79 #
2020/2122(INI)
Motion for a resolution
Recital J a (new)
Recital J a (new)
J a. whereas the near zero interest rates greatly reduce the profitability of banks in one of their most important areas of business activity, the provision of credit for long-term investments;
Amendment 80 #
2020/2122(INI)
Motion for a resolution
Recital J b (new)
Recital J b (new)
J b. whereas the stability of financial institutions in the Banking Union is still a matter of grave concern; whereas the economic downturn will lead to an increase in non-performing loans;
Amendment 88 #
2020/2122(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Recalls that the Banking Union has delivered the institutional set-up for greater market integration, through the SSM and the SRM, while a European deposit insurance scheme (EDIS) is still lacking;
Amendment 101 #
2020/2122(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Considers that banks’ response to the current crisis demonstrates that the regulatory reforms in the past decade, as well as the institutional set-up, have resulted in better-capitalised and less- leveraged banks; notes, however, that the high level of non-performing loans remains a serious problem in several Member States;
Amendment 120 #
2020/2122(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Underlines the vital contribution to addressing the crisis of public guarantee schemes, moratoria on loan repayments for borrowers in financial difficulty, the central banks’ liquidity programmes and the ECB’s targeted longer-term refinancing operations (TLTRO) and pandemic emergency purchase programme (PEPP); warns in this regard over the risk of overshooting the inflation target due to loose monetary policy which could affect the functioning of Banking Union;
Amendment 126 #
2020/2122(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Is concerned that loose monetary policy contributes to the lower long-term economic growth and creates an incentive to delay the implementation of the necessary structural reforms;
Amendment 137 #
2020/2122(INI)
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6 a. Stresses the need to further strengthen the financial sector through the completion of the Capital Markets Union which will help to channel credit into the real economy;
Amendment 169 #
2020/2122(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. Welcomes the ECB’s report on the digital euro and the outcome of its public consultation and expects further analysis of the implications for the banking sector, particularly its impact on banks’ products such as current accounts and its potential to outcompete financial services corporations as intermediaries for processing transactions;
Amendment 191 #
2020/2122(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Regrets the failure to ensure full gender balanceliminate gender discrimination in EU financial institutions and bodies;
Amendment 197 #
2020/2122(INI)
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Condemns all forms of discrimination and stresses that competence and moral integrity should be the only and mandatory criteria for any job position in EU financial institutions and bodies;
Amendment 220 #
2020/2122(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Stresses that ensuring proper and timely management of deteriorated exposures will be key to preventing a build-up of non-performing loans (NPLs) in the short term; advices the Member States to make further efforts to address this issue;
Amendment 260 #
2020/2122(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Is concerned that as Member States sell increasing amounts of sovereign bonds, their share in banks’ balance sheets grows, potentially aggravating the doom loop; considers thatpoints out that government bonds are not risk-free assets and should not be treated as such; questions whether the creation of Next Generation EU will provide high-quality European assets;
Amendment 272 #
2020/2122(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Notes that the EU-wide stress test launched on 29 January 2021 aims to test capital trajectories of banks in a situation of worsening asset quality; stresses the importance to consider the impact of potentially rising interest rates on banks’ balance sheets;
Amendment 279 #
2020/2122(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Notes the efforts of the SSM to provide guidance and clarity to banks for self-assessing and appropriately reporting environmental and climate change-related risks; considers the SSM climate risk stress test an important step in evaluating banks’ practices and identifying concrete areas of improvement; warns, however, of danger of green asset bubbles that could be a consequence of oversubsidizing the sustainable investments;
Amendment 300 #
2020/2122(INI)
Motion for a resolution
Paragraph 28
Paragraph 28
28. TrustNotes that the introduction of a backstop into the SRF earlier than originally envisaged is positive for the strengthening of the crisis management frameworkincreases risk sharing; advises that risk reduction should precede any form of legacy sharing and risk sharing;
Amendment 311 #
2020/2122(INI)
Motion for a resolution
Paragraph 29 a (new)
Paragraph 29 a (new)
29 a. Endorses ECA’s recommendation that in order to ensure that supervisory action is taken sufficiently early, the SRB and the Commission should approach the legislators and the ECB, in its role as supervisor, and advocate for objective and quantified thresholds for triggering early intervention measures, and reaching the decision that a bank is failing or likely to fail;
Amendment 357 #
2020/2122(INI)
Motion for a resolution
Paragraph 35 a (new)
Paragraph 35 a (new)
35 a. Points out that risks still differ greatly between different national banking systems;
Amendment 358 #
2020/2122(INI)
Motion for a resolution
Paragraph 35 b (new)
Paragraph 35 b (new)
35 b. Emphasises the potential high risks of EDIS, particularly those related to moral hazard; opposes therefore the completion of the Banking Union through the creation of a fully mutualised EDIS;
Amendment 360 #
2020/2122(INI)
Motion for a resolution
Paragraph 35 c (new)
Paragraph 35 c (new)
35 c. Stresses that risk reduction would ensure the level of protection that depositors currently enjoy, without raising the systemic risk through establishing fully mutualised EDIS;
Amendment 361 #
2020/2122(INI)
Motion for a resolution
Paragraph 35 d (new)
Paragraph 35 d (new)
35 d. Questions whether Article 114 would be an appropriate legal basis for the establishment of EDIS;
Amendment 64 #
2020/2045(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Continues to expresses concerns overNotes the limited role of Parliament in the supervision and scrutiny of the Union contributions to the EUTFs; recalls Parliament’s request to monitor the activities of the Operational Committee, and calls on the Commission to provide in good time detailed information on the decisions taken in that Committee and to ensure that Parliament is represented at its meetings; acknowledges EUTF's are designed to swiftly respond to challenging circumstances and to increase the flexibility of funding;
Amendment 97 #
2020/2045(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Notes that the emerging security challenges, as well as continued humanitarian crisis and poverty in the CAR will require well- targeted, flexible EU support under the NDICI-Global Europe to enhance humanitarian response, peace and security, democratisation and strengthening democratic institutions in the CAR;
Amendment 105 #
2020/2045(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Emphasises the importance of continuous support for refugees, internally displaced persons and for vulnerable host communities, both inside Syria and in the wider region, affected by the continued conflict, by means of a mix of longer-term, predictable and rapidly deployable funding under instruments established for the 2021- 2027 multiannual financial framework (MFF) and potential contributions from the Member States as external assigned revenue, taking into account all financial instruments provided under the Financial Regulation, in order to address longer term economic, educational, protection and social needs of Syrian refugees and local communities in the region;
Amendment 135 #
2020/2045(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the generally strong degree of local ownership, the involvement of local authorities and civil society organisations (CSOs) in projects supported by the EUTF for Africa; underlines the importance of cooperation and dialogue with local partners in order to better understand and effectively address the causes of instability, migration and forced displacement;
Amendment 154 #
2020/2045(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that the Trust Fund for Colombia has proven its value and represents, under the current circumstances, an important tool to support the implementation of the peace agreement between the Colombian Government and the Revolutionary Armed Forces of Columbia (FARC); points out that the extension of the Colombia EUTF has further reaffirmed the EU’s commitment and provided much-needed support to the Colombian peace process; underlines also the important role of the Fund in supporting Colombia in the area of comprehensive rural development and economic growth;
Amendment 213 #
2020/2045(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Stresses the need to ensure sustainability of the Facility’s humanitarian and development activities, particularly in the area of health and education;
Amendment 217 #
2020/2045(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Underlines the necessity of better addressing the funding needs in situations of protracted crisis and with a view to the coordination and transition between humanitarian relief, reconstruction and development in a flexible and interconnected manner; insist that decisions must be geared towards added value and real effects on the ground and be properly justified and monitored;
Amendment 242 #
2020/2045(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Reiterates Parliament’s long- standing insistence that external assistance be financed in full from the Union budget and be implemented in a coherent way, following a streamlined set of rules, based on co-legislated instruments and in full respect of Parliament’s legislative, budgetary and monitoring prerogatives, and of the principles of accountability, transparency, effectiveness and sound budgetary management and recognizes that EU Trust Funds can remain a useful tool to react to a major sudden crisis and to situations where a multiple donor response needs to be well coordinated in countries with weak national or local administrations;
Amendment 12 #
2020/2043(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that the primary purpose of the carbon border adjustment mechanism (CBAM) must be to enable internationally effective carbon pricing schemes, to mitigate the leakage dilemma in the context ofpromote global climate ambition with regard to reducing emissions, compliment the Emissions Trading Scheme (ETS) and to prevent distortions to competition and trade; stresses that the CBAM will help the EU to meet its climate targets while keeping a level playing field in international trade, with the aim of galvanising the rest of the world into taking and remaining open to multilateral approaches that contribute effectively to global climate action in line with the Paris Agreement;
Amendment 14 #
2020/2043(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Believes that the main aim of the carbon border adjustment mechanism (CBAM) should be to support the EU’s green objectives by fighting carbon leakageglobal GHG emissions, enabling just transition and pursuing the key objective of the strategic resilience of the EU;
Amendment 17 #
2020/2043(INI)
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Underlines the importance of designing, from the outset, the CBAM in a WTO-compliant manner, including ensuring non-discrimination of foreign exporters; notes that should new own resources be vulnerable to legal challenge they threaten the ability of the EU to appropriately and prudently engage in budgetary planning;
Amendment 33 #
2020/2043(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. Proposes that - to achieve the WTO requirements of non-discrimination of foreign exporters - the CBAM be implemented as an extension ofcomplementary mechanism to the EU emissions trading system (EU ETS), which wouldfor example by requireing importers to purchase allowances similar to the ETS for the volume of carbon emissions incorporrelated into their products; notes that the mechanism should ensure a single carbon price, both for domestic producers and importers;
Amendment 33 #
2020/2043(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the fact that the CBAM, if used as a basis for an own resource, would bring the revenue side of the EU budget into closer alignment with strategic policy objectives such as delivering a just transition, supporting the European Green Deal, the fight against climate change and facilitating the growth of the circular economy, and that it would thereby help to generate co- benefits, incentives and EU added value;
Amendment 38 #
2020/2043(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Takes note of various prudent revenue estimates ranging from 5 to 14 billion EUR per year, depending on the scope and design of the new instrument; highlights the fact that the EU budget is in any event uniquely suited to absorbing fluctuations of revenue or even long-term regressive effects; considers that it may be beneficial to phase the implementation of the CBAM, beginning with pilot sectors, such as steel, cement, fertilisers and electricity, prior to broader application to all imports; further considers that this may allow for an assessment of the economic impact across the Member States, and for corrective action in the event that disproportionate negative impacts are felt in any European region;
Amendment 50 #
2020/2043(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Urges that the proposed CBAM eventually apply to all imports in order to avoid distortion in the internal market, starting with a few pilot sectors, such as steel, cement, fertilizers and electricity;
Amendment 58 #
2020/2043(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Recommends that a design be introduced that measures the carbon content of imports through their basic materials composition (as outlined in the proposal from the European Economic and Social Committee); recalls that this feasible approximation would weigh each basic material covered by the EU ETS and multiply it by its carbon intensity value – which ideally should be defined at country levelimposes CBAM on any carbon footprint of imports above an EU benchmark; stresses, however, that importers who are more carbon efficient should be allowed to demonstrate the specific carbon intensity of their products;
Amendment 72 #
2020/2043(INI)
Draft opinion
Paragraph 5
Paragraph 5
5. Requests that the implementcalculation of the CBAM should lead to the progressive phasing out of be reconciled withe free allocation of allowances, following an appropriate transition period, since the mechanismsince this approach would ensures that EU producers and importers would have to deal with the same carbon costs in the EU market; notes that this phasing out should be coupled in parallel with the introduction of export rebates in order to maintain strong decarbonisation incentives, while ensuring a level playing field for EU exportapproach would avoid the problems with the WTO-consistency of export rebates;
Amendment 93 #
2020/2043(INI)
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Stresses that introduction of measures utilising indirect tax policy have to be taken with due regard to the economic and social impact and the specifics of national economies of Member States and, foresee appropriate transitional period, to ensure a smooth transition and avoid economic shocks;
Amendment 65 #
2020/0380(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) In order to take into account the immediate impact of the adverse consequences of the withdrawal of the United Kingdom from the Union on the Member States and their economies and the need to adopt mitigating measures, as appropriate, prior to the expiry of the transition period, the eligibility period for implementing such measures should start as from 1 July 2020 and be concentrated over a limited period of 30 monthslast until 31 December 2024.
Amendment 76 #
2020/0380(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) In order to enable Member States to deploy the additional resources and to ensure sufficient financial means to swiftly implement measures under the Reserve, a substantial amount thereofthe total amounts of the Reserve allocated to each Member State should be disbursetermined in 2021 as pre-financing, with those amounts distributed as pre-financing in three annual tranches. The distribution method should take into account the importance of trade with the United Kingdom and the importance of fisheries in the United Kingdom exclusive economic zone, based on reliable and official statistics. Given the unique nature of the event that the withdrawal of the United Kingdom from the Union constitutes and the uncertainty that has surrounded key aspects of the relationship between the United Kingdom and the Union after the expiry of the transition period, it is difficult to anticipate the appropriate measures Member States will have to take rapidly to counter the effects of the withdrawal. It is therefore necessary to grant Member States flexibility and in particular to allow the Commission to adopt the financing decision providing the pre-financing without the obligation pursuant to Article 110(2) of the Financial Regulation to provide a description of the concrete actions to be financed.
Amendment 102 #
2020/0380(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 1
Article 2 – paragraph 1 – point 1
(1) ‘reference period’ means the reference period referred to in Article 63(5), point (a), of the Financial Regulation, which shall be from 1 July 2020 to 31 December 20224;
Amendment 113 #
2020/0380(COD)
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. The maximum resources for the Reserve shall be EUR 5 370 994000 000 000 in current2018 prices.
Amendment 115 #
2020/0380(COD)
Proposal for a regulation
Article 4 – paragraph 3 – point a
Article 4 – paragraph 3 – point a
(a) a pre-financing amount of EUR 4 244 832 0005 000 000 000 in 2018 prices shall be made available in 2021 in accordance with Article 8 and divided as follows: (a) 2 000 000 000 in 2018 prices in 2021; (b) 1 500 000 000 in 2018 prices in 2022; (c) 1 500 000 000 in 2018 prices in 2023;
Amendment 122 #
2020/0380(COD)
Proposal for a regulation
Article 4 – paragraph 3 – point b
Article 4 – paragraph 3 – point b
(b) additional amounts of EUR 1 126 162 000 shall beAny necessary redistribution of the amounts referred to in point (a) shall be carried out and made available in 2024 in accordance with Article 11.
Amendment 162 #
2020/0380(COD)
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
1. The pre-financing amount described in Article 4 is allocated in two parts, as follows: (a) 4 000 000 000 in 2018 prices; (b) 1 000 000 000 in 2018 prices. The allocation criteria for those pre- financing amounts to be paid by the Commission to Member States are set out in Annex I.
Amendment 218 #
2020/0380(COD)
Proposal for a regulation
Annex I – paragraph 1 – point 1
Annex I – paragraph 1 – point 1
1. Each Member State’s share from pre-financing of the Brexit Adjustment Reserve is determined as the sum of a factor linked to the fish caught in the waters that belong to the UK Exclusive Economic Zone (EEZ) and a factor linked to trade with the UKpplicable factors.
Amendment 220 #
2020/0380(COD)
Proposal for a regulation
Annex I – paragraph 1 – point 2
Annex I – paragraph 1 – point 2
2. Allocations made under Article 8 (1), point (a) shall be determined using the factor linked to the fish caught in the waters that belong to the UK Exclusive Economic Zone (EEZ) and the factor linked to trade with the UK. The factor linked to fish caught in the UK EEZ is used to allocate EUR 600 million. The factor linked to trade is used to allocate EUR 3 400 million. Both amounts are expressed in 2018 prices.
Amendment 222 #
2020/0380(COD)
Proposal for a regulation
Annex I – paragraph 1 – point 2 a (new)
Annex I – paragraph 1 – point 2 a (new)
2 a. Allocations made under Article 8 (1), point (b) shall be determined exclusively on the basis of the factor linked to trade with the UK.
Amendment 200 #
2020/0266(COD)
Proposal for a regulation
Recital 44
Recital 44
(44) In order to achieve robust digital operational resilience, and in line with international standards (e.g. the G7 Fundamental Elements for Threat-Led Penetration Testing, financial entities should regularly test their ICT systems and staff with regard to the effectiveness of their preventive, detection, response and recovery capabilities, to uncover and address potential ICT vulnerabilities. To respond to differences across and within the financial subsectors regarding the financial entities’ cybersecurity preparedness, testing should include a wide variety of tools and actions, ranging from an assessment of basic requirements (e.g. vulnerability assessments and scans, open source analyses, network security assessments, gap analyses, physical security reviews, questionnaires and scanning software solutions, source code reviews where feasible, scenario-based tests, compatibility testing, performance testing or end-to-end testing) to more advanced testing (e.g. TLPT for those financial entities mature enough from an ICT perspective to be capable of carrying out such tests). Digital operational resilience testing should thus be more demanding for significant financial entities (such as large credit institutions, stock exchanges, central securities depositories, central counterparties, etc.). At the same time, digital operational resilience testing should also be more relevant for some subsectors playing a core systemic role (e.g. payments, banking, clearing and settlement), and less relevant for other subsectors (e.g. asset managers, credit rating agencies, etc.). Cross-border financial entities exercising their freedom of establishment or provision of services within the Union should comply with a single set of advanced testing requirements (e.g. TLPT) in their home Member State, and that test should include the ICT infrastructures in all jurisdictions where the cross-border group operates within the Union, thus allowing cross-border groups to incur testing costs in one jurisdiction only. Furthermore, in order to strengthen cooperation in the field of resilience of financial entities with trusted third countries, the Commission and competent authorities should seek to establish a framework for mutual recognition of TLPTs results.
Amendment 250 #
2020/0266(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point n
Article 2 – paragraph 1 – point n
Amendment 261 #
2020/0266(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point q
Article 2 – paragraph 1 – point q
Amendment 262 #
2020/0266(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point u a (new)
Article 2 – paragraph 1 – point u a (new)
(u a) ICT intra-group service providers, when providing ICT services related to critical or important functions, with the exception of Section II of Chapter V of this Regulation that is not applicable to such providers,
Amendment 280 #
2020/0266(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 6
Article 3 – paragraph 1 – point 6
(6) ‘ICT-related incident’ means an unforeseen identified occurrence y event compromising the network and information systems, whether resulting from malicious activity or not, which compromises the security of network and information systems, of the information that such systems process, stavailability, authenticity, integrity or confidentiality of stored, transmitted or processed data ore orf transmit, or has adverse effects on the availability, confidentiality, continuity he related services offered by, or accessible via, network authenticity of financial services provided by the financial entity;nd information systems.
Amendment 287 #
2020/0266(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 7
Article 3 – paragraph 1 – point 7
(7) ‘major ICT-related incident’ means an ICT-related incident with a potentially highn anticipated significant adverse impact on the network and information systems that support critical functions of the financial entity;
Amendment 296 #
2020/0266(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 15
Article 3 – paragraph 1 – point 15
(15) ‘ICT third-party service provider’ means an undertaking providing digital and data services, including providers of cloud computing services, software, data analytics services, data centrICT services, but excluding providers of hardware components and undertakings authorised under Union law which provide electronic communication services as defined referred to in point (4) of Article 2 of Directive (EU) 2018/1972 of the European Parliament and of the Council43 ; ; _________________ 43Directive (EU) 2018/1972 of the European Parliament and of the Council of 11 December 2018 establishing the European Electronic Communications Code (Recast)(OJ L 321, 17.12.2018, p. 36).
Amendment 301 #
2020/0266(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 15 a (new)
Article 3 – paragraph 1 – point 15 a (new)
(15 a) ‘ICT intra-group service provider’ means an undertaking that provides ICT services exclusively to financial entities within the same group;
Amendment 302 #
2020/0266(COD)
Proposal for a regulation
Article 3 – paragraph 1 – point 16
Article 3 – paragraph 1 – point 16
(16) ‘ICT services’ means digital and data services provided through the ICT systems to one or more internal or external users, including provision of data, data entry, data storage, data processing and reporting services, data monitoring as well as data based business and decision support services;
Amendment 340 #
2020/0266(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point d
Article 4 – paragraph 2 – subparagraph 1 – point d
(d) approve, oversee and periodically review the implementation of the financial entity's ICT Business Continuity Policy and ICT Disaster Recovery Plan referred to in, respectively, paragraphs 1 and 3 of Article 10;which may be prepared as a independent section of the broader Business Continuity Policy and Disaster Recovery Plan respectively, in order to manage and mitigate risks that could have a harmful effect on the financial entity's ICT systems and ICT services and to facilitate their swift recovery if necessary.
Amendment 342 #
2020/0266(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point i
Article 4 – paragraph 2 – subparagraph 1 – point i
(i) be duregularly informed about major ICT-related incidents and their impact and about response, recovery and corrective measures.
Amendment 346 #
2020/0266(COD)
Proposal for a regulation
Article 4 – paragraph 4
Article 4 – paragraph 4
4. Members of the management body shall, on a regular basis, follow specific training to gain and keep up to date sufficientgeneral knowledge and skills to understand and assess ICT risks and their impact on the operations of the financial entity.
Amendment 354 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 5
Article 5 – paragraph 5
5. Financial entities other than microenterprises shall ensure appropriate segregationindependence of ICT management functions, control functions, and internal audit functions, according to the three lines of defense model, or an internal risk management and control model.
Amendment 357 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 7
Article 5 – paragraph 7
Amendment 359 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 9 – introductory part
Article 5 – paragraph 9 – introductory part
9. The ICT risk management framework referred to in paragraph 1 shall include a digital resilience strategy setting out how the framework is implemented. To that effect it shall include the methods to address ICT risk and attain specific ICT objectives, by:
Amendment 360 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 9 – point b
Article 5 – paragraph 9 – point b
(b) establishing the risk tolerance level for ICT risk, in accordance with the risk appetite of the financial entity, and analysing the impact tolerance of ICT disruptions;
Amendment 362 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 9 – point d
Article 5 – paragraph 9 – point d
(d) explaining the ICT reference architecture and any changes needed to reach specific business objectives;
Amendment 363 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 9 – point g
Article 5 – paragraph 9 – point g
Amendment 368 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 9 – point i
Article 5 – paragraph 9 – point i
(i) outlining a communication strategy in case of ICT-related incidents for the purpose of the requirements set out in Article 13.
Amendment 369 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 9 – point i a (new)
Article 5 – paragraph 9 – point i a (new)
(i a) reflecting on other available technology tools and solutions that could enhance the continuity and resilience of the financial entity's critical operations.
Amendment 373 #
2020/0266(COD)
Proposal for a regulation
Article 5 – paragraph 10
Article 5 – paragraph 10
10. Upon approval ofinforming the competent authorities, financial entities may delegate the tasks of verifying compliance with the ICT risk management requirements to intra-group or, after prior approval, to external undertakings.
Amendment 378 #
2020/0266(COD)
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. As part of the ICT risk management framework referred to in Article 5(1), financial entities shall identify, classify and adequately document all ICT-related businesscritical or important functions, the information assets supporting these functions, and the ICT system configurations and interconnections with internal and external ICT systems. Financial entities shall review as needed, and at least yearly, the adequacy of the classification of the information assets and of any relevant documentation.
Amendment 381 #
2020/0266(COD)
Proposal for a regulation
Article 7 – paragraph 2
Article 7 – paragraph 2
2. Financial entities shall on a continuous basis identify all sources of ICT risk, in particular the risk exposure to and from other financial entities, and assess cyber threats and ICT vulnerabilities relevant to their ICT-related businesscritical or important functions and information assets. Financial entities shall review on a regular basis, and at least yearly, the risk scenarios impacting them.
Amendment 384 #
2020/0266(COD)
Proposal for a regulation
Article 7 – paragraph 3
Article 7 – paragraph 3
3. Financial entities other than microenterprises shall perform a risk assessment upon each major change in the network and information system infrastructure, in the processes or procedures affecting their functions, supporting processes or information assets. Subject to supervisory assessment, it shall be for the financial entity in each case to determine whether a major change for the purposes of this paragraph has occurred.
Amendment 385 #
2020/0266(COD)
Proposal for a regulation
Article 7 – paragraph 4
Article 7 – paragraph 4
4. Financial entities shall identify all ICT systems accounts, including those on remote sites, the network resources and hardware equipment, and shall map physical equipment considered critical. They shall map the configuration of the ICT assetscritical or important ICT assets having regard to their purpose and the links and interdependencies between those different ICT assets.
Amendment 389 #
2020/0266(COD)
Proposal for a regulation
Article 7 – paragraph 7
Article 7 – paragraph 7
7. Following a risk-based approach, financial entities other than microenterprises shall on a regular basis, and at least yearly, conduct a specific ICT risk assessment on allrelevant legacy ICT systems, especially before and after connecting old and new technologies, applications or systems.
Amendment 390 #
2020/0266(COD)
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. Financial entities shall design, procure and implement ICT security strategies, policies, procedures, protocols and tools that aim at, in particular, ensuring the resilience, continuity and availability of ICT systems, and maintaining high standards of security, confidentiality and integrity of data, whether at rest, in use or in transit.
Amendment 393 #
2020/0266(COD)
3. To achieve the objectives referred to in paragraph 2, financial entities shall use state-of-the-art ICT technology and processes which:
Amendment 396 #
2020/0266(COD)
Proposal for a regulation
Article 8 – paragraph 3 – point a
Article 8 – paragraph 3 – point a
(a) guaranteekeep at a minimum the security of the means of transfer of information;
Amendment 399 #
2020/0266(COD)
Proposal for a regulation
Article 8 – paragraph 4 – introductory part
Article 8 – paragraph 4 – introductory part
4. AFollowing a risk-based approach and taking into account the financial entity's risk profile, as part of the ICT risk management framework referred to in Article 5(1), financial entities shall:
Amendment 402 #
2020/0266(COD)
Proposal for a regulation
Article 8 – paragraph 4 – point b
Article 8 – paragraph 4 – point b
(b) following a risk-based approach, establish a sound network and infrastructure management using appropriate techniques, methods and protocols includingand which may consist of implementing automated mechanisms to isolate affected information assets in case of cyber-attacks;
Amendment 408 #
2020/0266(COD)
Proposal for a regulation
Article 9 – paragraph 1 – introductory part
Article 9 – paragraph 1 – introductory part
1. Financial entities shall have in place mechanisms to promptly detect anomalous activities, in accordance with Article 15, including ICT network performance issues and ICT-related incidents, and if technologically available, to identify all potential material single points of failure.
Amendment 409 #
2020/0266(COD)
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The detection mechanisms referred to in paragraph 1 shall enable multiple layers of control, define alert thresholds and criteria to trigger ICT-related incident detection and ICT-related incident response processes, and shall put in placeincluding automatic alert mechanisms for relevant staff in charge of ICT-related incident response.
Amendment 412 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 1
Article 10 – paragraph 1
1. As part of the ICT risk management framework referred to in Article 5(1) and bBased on the identification requirements set out in Article 7, financial entities shall put in place a dedicated and comprehensive ICT Business Continuity Policy as an integral part of the operational business continuity policy of the financial entity. business continuity and disaster recovery plans, which could be prepared as a dedicated ICT Business Continuity Policy. Financial entities shall implement those dedicated, appropriate and documented arrangements, plans, procedures and mechanisms. Financial entities shall specifically consider risks that could have a harmful impact on ICT services and ICT systems. The plans shall support objectives to protect, and, if necessary, re-establish the confidentiality, integrity and availability of their business functions, supporting processes and information assets. The plans shall further aim to: a) activate without delay dedicated plans that enable containment measures, processes and technologies suited to each type of ICT-related incident and prevent further damage, as well as tailored responses and recovery methods established in accordance with Article 11; b) estimate preliminary impacts, damages and losses; Financial entities shall coordinate with relevant internal and external stakeholders, as appropriate, during the establishment of these plans.
Amendment 413 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – introductory part
Article 10 – paragraph 2 – introductory part
2. Financial entities shall implement the ICT BThe overseeing authority, in cooperation with the Platform on Cybersecurity of Financial Sector, shall develop guidelines containing best practices and recommendations concerning the business Ccontinuity Policyand disaster recovery plans referred to in paragraph 1 through dedicated, appropriate and documented arrangements, plans, procedures anby [PO: insert date 1 year after the date of entry into force of this Regulation]. Those guidelines shall be reviewed at least once a year, or whenever deemed mnechanisms aimed at:essary by the Platform on Cybersecurity of Financial Sector.
Amendment 414 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – point a
Article 10 – paragraph 2 – point a
Amendment 415 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – point b
Article 10 – paragraph 2 – point b
Amendment 416 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – point c
Article 10 – paragraph 2 – point c
Amendment 417 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – point d
Article 10 – paragraph 2 – point d
Amendment 418 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – point e
Article 10 – paragraph 2 – point e
Amendment 419 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 2 – point f
Article 10 – paragraph 2 – point f
Amendment 420 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 3
Article 10 – paragraph 3
Amendment 423 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 4
Article 10 – paragraph 4
4. Financial entities shall put in place, maintain and periodically test appropriate ICT business continuity plans, notably with regard to critical or important ICT functions outsourced or contracted through arrangements with ICT third-party service providers.
Amendment 425 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 5 – point a
Article 10 – paragraph 5 – point a
(a) test the ICT Business Continuity Policy and the ICT Disaster Recovery Plan at least yearly and after substantivemajor changes to thecritical or important ICT systems;
Amendment 430 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 7
Article 10 – paragraph 7
7. Financial entities shall keep records of relevant activities before and during disruption events when their ICT Business Continuity Policy or ICT Disaster Recovery Plan is activated. Such records shall be readily available to the relevant competent authority if requested.
Amendment 431 #
2020/0266(COD)
Proposal for a regulation
Article 10 – paragraph 9
Article 10 – paragraph 9
Amendment 435 #
2020/0266(COD)
Proposal for a regulation
Article 11 – paragraph 1 – introductory part
Article 11 – paragraph 1 – introductory part
1. For the purpose of ensuring the restoration of ICT systems with minimum downtime and limited disruption, as part of their ICT risk management frameworkbusiness continuity and disaster recovery plans referred to in Article 10, financial entities shall develop:
Amendment 438 #
2020/0266(COD)
Proposal for a regulation
Article 11 – paragraph 4
Article 11 – paragraph 4
4. Financial entities shall maintain redundant ICT capacities equipped with resources capabilities and functionalities that are sufficient and adequate to ensure business needthe financial entity is capable to ensure its resilience objectives for critical and important functions.
Amendment 442 #
2020/0266(COD)
Proposal for a regulation
Article 11 – paragraph 5 – subparagraph 1 – point a
Article 11 – paragraph 5 – subparagraph 1 – point a
(a) located at a geographical distance from the primary processing site to ensure that it bears a distinct risk profile, designed or capable, in order to ensure a distinct risk profile as compared to the primary site, and to prevent it from being affected by the evincident which has affected the primary site;
Amendment 446 #
2020/0266(COD)
Proposal for a regulation
Article 11 – paragraph 7
Article 11 – paragraph 7
7. When recovering from an ICT- related incident, financial entities shall perform multiple checks, including reconciliations, in order to ensure that the level of data integrity is of the highest level. These checks shall also be performedas well as when reconstructing data from external stakeholders, fin order to ensure that all data is consistent between systemsancial entities shall ensure that the level of data integrity is of the highest level.
Amendment 449 #
2020/0266(COD)
Proposal for a regulation
Article 12 – paragraph 2 – introductory part
Article 12 – paragraph 2 – introductory part
2. Financial entities shall put in place post major ICT-related incident reviews after significant ICT disruptions of their core activities, analysing the causes of disruption and identifying required improvements to the ICT operations or within the ICT Business Continuity Policy referred to in Article 10.
Amendment 457 #
2020/0266(COD)
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
1. As part of the ICT risk management framework referred to in Article 5(1), financial entities shall have in place communication plans enabling a responsible disclosure of major ICT- related incidents or major vulnerabilities to clients and counterparts as well as to the public, as appropriate.
Amendment 466 #
2020/0266(COD)
Proposal for a regulation
Article 15 – paragraph 2
Article 15 – paragraph 2
2. Financial entities shall establish appropriate processes to ensure a consistent and integrated monitoring, handling and follow-up of ICT-related incidents, to make sure that root causes are identified and eradicatedaddressed in order to prevent the occurrence of such incidents.
Amendment 469 #
2020/0266(COD)
Proposal for a regulation
Article 15 – paragraph 3 – point d
Article 15 – paragraph 3 – point d
(d) ensure that major ICT-related incidents are reported to relevant senior management and inform the management body on major ICT-related incidents, explaining the impact, response and additional controls to be established as a result of major ICT-related incidents;
Amendment 477 #
2020/0266(COD)
Proposal for a regulation
Article 16 – paragraph 2 – introductory part
Article 16 – paragraph 2 – introductory part
2. The ESAs shall, through the Joint Committee of the ESAs (the ‘Joint Committee’) and after consultin coordination with the European Central Bank (ECB) and ENISA, develop common draft regulatory technical standards further specifying the following:
Amendment 480 #
2020/0266(COD)
Proposal for a regulation
Article 16 – paragraph 2 – point b
Article 16 – paragraph 2 – point b
(b) the criteria to be applied by competent authorities for the purpose of assessing the relevance of major ICT- related incidents to other Member States’ jurisdictions, and the details of major ICT- related incidents reports to be shared with other competent authorities pursuant to points (5) and (6) of Article 17.
Amendment 495 #
2020/0266(COD)
Proposal for a regulation
Article 17 – paragraph 2
Article 17 – paragraph 2
2. Where a major ICT-related incident has or may have an impact on the financial interests of service users and clients, financial entities shall, without undue delay, inform their service users and clients about the major ICT-related incident and shall as soon as possible inform them of allrelevant measures which have been taken to mitigate the adverse effects of such incident.
Amendment 505 #
2020/0266(COD)
Proposal for a regulation
Article 17 – paragraph 3 – point a
Article 17 – paragraph 3 – point a
(a) an initial notification, without delay, but no later than the end of the business day, or, in case of a major ICT- related incident that took place later and in any event withain 24 hours before the end of the business day, not later than 4 hours from the beginning of the next business dayof becoming aware of the incident, or, where reporting channels are not available, as soon as they become available;
Amendment 510 #
2020/0266(COD)
Proposal for a regulation
Article 17 – paragraph 3 – point b
Article 17 – paragraph 3 – point b
(b) an intermediateitial report, nto later than 1 week after the initial notification referred to in point (a), followed as appropriate by updated notifications every time a relevant status update is availablebe updated as soon as possible after a financial entity becomes aware that the status of the original incident has changed significantly or new information has come to light that could have a major impact on how the incident is addressed by the competent authority, as well as upon a specific request of the competent authority;
Amendment 514 #
2020/0266(COD)
Proposal for a regulation
Article 17 – paragraph 3 – subparagraph 1 (new)
Article 17 – paragraph 3 – subparagraph 1 (new)
The relevant competent authority as referred to in Article 41 shall provide that, in duly justified cases, a financial entity is permitted to deviate from the deadlines set out in points (a), (b) and (c) of this paragraph.
Amendment 517 #
2020/0266(COD)
Proposal for a regulation
Article 17 – paragraph 4
Article 17 – paragraph 4
4. Financial entities may only delegate the reporting obligations under this Article to a third-party service provider after agreeing a contractual provision with the ICT third-party service provider concerned, upon approval of the delegation by the relevant competent authority referred to in Article 41.
Amendment 522 #
2020/0266(COD)
Proposal for a regulation
Article 17 – paragraph 5 – introductory part
Article 17 – paragraph 5 – introductory part
5. Upon receipt of the report referred to in paragraph 1, the competent authority shall, without undue delay, provide details and while respecting high security standards and after assessing potential risks, provide relevant information ofn the incident to:
Amendment 533 #
2020/0266(COD)
Proposal for a regulation
Article 19 – paragraph 1
Article 19 – paragraph 1
1. The ESAs, through the Joint Committee and in consultoperation with ECB and, ENISA and the Platform on Cybersecurity of Financial Sector, shall prepare a joint report assessing the feasibility of further centralisation of incident reporting through the establishment of a single EU Hub for major ICT-related incident reporting by financial entities. The report shall explore ways to facilitate the flow of ICT-related incident reporting, reduce associated costs and underpin thematic analyses with a view to enhancing supervisory convergence.
Amendment 539 #
2020/0266(COD)
Proposal for a regulation
Article 19 – paragraph 2 – point b a (new)
Article 19 – paragraph 2 – point b a (new)
(b a) capability to establish the interoperability and assess its added value with regard to other relevant reporting schemes, such as in Directive (EU) 2016/1148.
Amendment 547 #
2020/0266(COD)
Proposal for a regulation
Article 20 – paragraph 2 – introductory part
Article 20 – paragraph 2 – introductory part
2. The ESAs shall, through the Joint Committee, report yearly on an anonymised and aggregated basis on the major ICT-related incident notifications received from competent authorities, setting out at least the number of ICT- related major incidents, their nature, impact on the operations of financial entities or customers, estimated costs and remedial actions taken.
Amendment 553 #
2020/0266(COD)
Proposal for a regulation
Article 21 – paragraph 5
Article 21 – paragraph 5
5. Financial entities shall establish procedures and policies to prioritise, classify and remedyaddress all issues acknowledged throughout the performance of the tests and shall establish internal validation methodologies to ascertain that all identified weaknesses, deficiencies or gaps are fully addressed.
Amendment 554 #
2020/0266(COD)
Proposal for a regulation
Article 21 – paragraph 6
Article 21 – paragraph 6
6. Financial entities shallallowing a risk-based approach, financial entities shall ensure that appropriate tests allre performed on critical ICT systems and applications at least yearly.
Amendment 557 #
2020/0266(COD)
Proposal for a regulation
Article 23 – paragraph 2 – introductory part
Article 23 – paragraph 2 – introductory part
2. Threat led penetration testing shall cover at least the critical or important functions and services of a financial entity, and shall be performed on live production systems supporting such functions. The precise scope of threat led penetration testing, based on the assessment of critical functions and services, shall be determined by financial entities and shall be validated by the competent authorities. Numerous tests may be required to cover all of the critical functions and services of financial entities.
Amendment 559 #
2020/0266(COD)
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 2
Article 23 – paragraph 2 – subparagraph 2
Where ICT third-party service providers are included in the remit of the threat led penetration testing, the financial entity shall take the necessary measures to ensure the participation of these providers. Where the involvement of an ICT third- party service provider in the threat led penetration testing could have an impact on the quality, confidentiality or security of the provision of the ICT third-party service provider's services to other customers that do not fall within the scope of this Regulation or on the overall integrity of the ICT third-party service provider's operations, the financial entity and the ICT third-party service provider may contractually agree that the ICT third party service provider is permitted to directly enter into contractual arrangements with an external tester to conduct pooled testing for its financial entity customers.
Amendment 563 #
2020/0266(COD)
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 3
Article 23 – paragraph 2 – subparagraph 3
Financial entities shall apply effective risk management controls to reducmitigate the risks of any potential impact to data, damage to assets and disruption to critical or important services or operations at the financial entity itself, its counterparties or to the financial sector.
Amendment 565 #
2020/0266(COD)
Proposal for a regulation
Article 23 – paragraph 2 – subparagraph 4
Article 23 – paragraph 2 – subparagraph 4
At the end of the test, after reports and remediation plans have been agreed, the financial entity andwith the support of the external testers shall provide to the competent authority the documentation required to confirming that the threat led penetration testing has been conducted in accordance with the requirements. Competent authorities may request further details concerning the outcome of the test and any risk discovered, and shall validate the documentation and issue an attestation. at the end of the process.
Amendment 574 #
2020/0266(COD)
Proposal for a regulation
Article 23 – paragraph 4 – introductory part
Article 23 – paragraph 4 – introductory part
4. EBA, ESMA and EIOPA shall, after consulting the ECB and taking into account relevant frameworks in the Union which apply to intelligence-basthreat led penetration tests, develop draft regulatory technical standards to specify further:
Amendment 585 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 2 – point b a (new)
Article 25 – paragraph 1 – point 2 – point b a (new)
(b a) whether a provider of ICT services is an ICT intra-group service provider.
Amendment 588 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 3
Article 25 – paragraph 1 – point 3
3. As part of their ICT risk management framework, financial entities shall adopt and regularly review a strategy on ICT third-party risk, taking into account the multi-vendor strategy referred to in point (g) of Article 5(9). That strategy shall include a policy on the use of ICT services provided by ICT third-party service providers and shall apply on an individual and, as relevant, on a sub- consolidated and consolidated basis. The management body shall regularly review the risks identified in respect of outsourcing of critical or important functions.
Amendment 592 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 7 – paragraph 1
Article 25 – paragraph 1 – point 7 – paragraph 1
For contractual arrangements that entail a high level ofdetailed technological complexity, the financial entity shall verify that auditors, whether internal, pools of auditors or external auditors possess appropriate skills and knowledge to effectively perform relevant audits and assessments.
Amendment 598 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 8 – introductory part
Article 25 – paragraph 1 – point 8 – introductory part
8. Financial entities shall ensure that contractual arrangements on the use of ICT services are terminatedable to be terminated, after all other remedies have been exhausted and after issuing a prior warning, at least under the following circumstances:
Amendment 600 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 8 – point a
Article 25 – paragraph 1 – point 8 – point a
(a) significant breach by the ICT third- party service provider of applicable laws, regulations or contractual terms;
Amendment 605 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 8 a (new)
Article 25 – paragraph 1 – point 8 a (new)
8 a. Financial entities shall not bear the cost of transferring out data from an ICT third-party service provider in cases where a contract is terminated under any of the circumstances listed in points (a) to (d) of point 8.
Amendment 607 #
2020/0266(COD)
Proposal for a regulation
Article 25 – paragraph 1 – point 9 – introductory part
Article 25 – paragraph 1 – point 9 – introductory part
9. For critical and important functions, financial entities shall put in place exit strategies in order to take into account risks that may emerge at the level of ICT third-party service provider, in particular a possible failure of the latter, a deterioration of the quality of the functions provided, any business disruption due to inappropriate or failed provision of services or material risk arising in relation to the appropriate and continuous deployment of the function.
Amendment 614 #
2020/0266(COD)
Proposal for a regulation
Article 26 – paragraph 1 – point b
Article 26 – paragraph 1 – point b
(b) having in place multiple contractual arrangements in relation to the provision of ICT servicecritical or important ICT services and functions with the same ICT third-party service provider or with closely connected ICT third-party service providers.
Amendment 625 #
2020/0266(COD)
Proposal for a regulation
Article 27 – paragraph 2 – point b
Article 27 – paragraph 2 – point b
(b) the country locations where the contracted or sub-contracted functions and services are to be provided and where data is to be processed, including the storage country location, and the requirement for the ICT third-party service provider to notify the financial entity if it envisages changing such locations;
Amendment 627 #
2020/0266(COD)
Proposal for a regulation
Article 27 – paragraph 2 – point d
Article 27 – paragraph 2 – point d
(d) full service level descriptions, if considered to be necessary by the financial entity, including updates and revisions thereof, and precise quantitative and qualitative performance targets within the agreed service levels to allow an effective monitoring by the financial entity and enable without undue delay appropriate corrective actions when agreed service levels are not met;
Amendment 628 #
2020/0266(COD)
Proposal for a regulation
Article 27 – paragraph 2 – point e
Article 27 – paragraph 2 – point e
(e) notice periods and reporting obligations of the ICT third-party service provider to the financial entity, including notification of any development, including major ICT-related incidents, which may have a material impact on the ICT third- party service provider’s ability to effectively carry out critical or important functions in line with agreed service levels;
Amendment 629 #
2020/0266(COD)
Proposal for a regulation
Article 27 – paragraph 2 – point g
Article 27 – paragraph 2 – point g
(g) requirements for the ICT third- party service provider to implement and test business contingency plans and to have in place ICT security measures, tools and policies which adequately guarantee aprovide an appropriate level of secure provision of services by the financial entity in line with its regulatory framework;
Amendment 631 #
2020/0266(COD)
Proposal for a regulation
Article 27 – paragraph 2 – point h – point i
Article 27 – paragraph 2 – point h – point i
i) rights of access, inspection and audit by the financial entity or by an appointed third-party, and the right to takereview copies of relevant documentation on-site if they are critical to the operations of the ICT third-party service provider, the effective exercise of which is not impeded or limited by other contractual arrangements or implementation policies;
Amendment 644 #
2020/0266(COD)
Proposal for a regulation
Article 27 – paragraph 3
Article 27 – paragraph 3
3. When negotiating contractual arrangements, financial entities and ICT third-party service providers shall consider the use of standard contractual clauses developed for specific services and refrain from supplementing them in the areas set out in this Regulation or further detailed by the ESAs referred to in paragraph 4.
Amendment 661 #
2020/0266(COD)
Proposal for a regulation
Article 28 – paragraph 2 b (new)
Article 28 – paragraph 2 b (new)
2 b. The ICT third-party service provider may, within 90 calendar days of receipt of the notification referred to in paragraph 2a, provide additional information to the Lead Overseer that is considered to be relevant to the designation referred to in point (a) of paragraph 1 and to its outcome.
Amendment 662 #
2020/0266(COD)
Proposal for a regulation
Article 28 – paragraph 2 a (new)
Article 28 – paragraph 2 a (new)
2 a. The Lead Overseer shall notify the ICT third-party service provider before initiating its assessment for the purposes of the designation referred to in point (a) of paragraph 1.
Amendment 663 #
2020/0266(COD)
Proposal for a regulation
Article 28 – paragraph 2 c (new)
Article 28 – paragraph 2 c (new)
2 c. The Lead Overseer shall make public the reason for the designation referred to in point (a) of paragraph 1 unless to do so could have a harmful impact on the designated ICT third-party service provider or on another entity subject to this Regulation.
Amendment 664 #
2020/0266(COD)
Proposal for a regulation
Article 28 – paragraph 2 d (new)
Article 28 – paragraph 2 d (new)
2 d. Upon receipt of the draft recommendation, the ICT third-party service provider shall have a period of six weeks within which to review and comment on it, and shall communicate if an additional period of time is needed in order to make necessary adjustments as set out in this Article.
Amendment 665 #
2020/0266(COD)
Proposal for a regulation
Article 28 – paragraph 2 e (new)
Article 28 – paragraph 2 e (new)
2 e. The ESAs shall notify the ICT third-party service provider of its designation as critical. The ICT third party service provider shall have at least three months to make any necessary adjustments to allow the Joint Oversight Executive Body to carry out its duties pursuant to Article 29, as well as to notify its financial entity customers. The Joint Oversight Executive Body may allow the adjustment period to be extended for a minimum period of three months, if requested by the designated ICT third- party service provider and duly justified.
Amendment 674 #
2020/0266(COD)
Proposal for a regulation
Article 28 – paragraph 9
Article 28 – paragraph 9
9. Financial entities shall not make use of an ICT third-party service provider established in a third country that would beis designated as critical pursuant to point (a) of paragraph 1 if it were establishedand does not have legal representation in the Union.
Amendment 691 #
2020/0266(COD)
Proposal for a regulation
Article 30 – paragraph 2 – point e
Article 30 – paragraph 2 – point e
(e) the identification, monitoring and prompt reporting of major ICT-related incidents to the financial entities, the management and resolution of those incidents, in particular cyber-attacks;
Amendment 692 #
2020/0266(COD)
Proposal for a regulation
Article 30 – paragraph 3
Article 30 – paragraph 3
3. Based on the assessment referred to in paragraph 1, the Lead Overseer shall adopt a clear, detailed and reasoned individual Oversight plan for each critical ICT third-party service provider. Before publication of the Oversight plan, the Lead Overseer shall engage in dialogue with the ICT third-party service provider, specifically for the purpose of exchanging information relevant to the final Oversight plan, including the possibility for the ICT third-party service provider to challenge individual recommendations. That plan shall be communicated each year to the critical ICT third-party service provider.
Amendment 711 #
2020/0266(COD)
Proposal for a regulation
Article 32 – paragraph 1
Article 32 – paragraph 1
1. The Lead Overseer may by simple request or by decision require the critical ICT third-party providers to provide all information concerning ICT services delivered to a financial entity that is necessary for the Lead Overseer to carry out its duties under this Regulation, including all relevant business or operational documents, contracts, policies documentation, ICT security audit reports, ICT-related incident reports, as well as any information relating to parties to whom the critical ICT third-party provider has outsourced operational functions or activities. The Lead Overseer shall not be authorised to request information on any customers of the critical ICT third-party service provider which do not fall within the scope of this Regulation or are not using the ICT third-party service provider for critical or important functions.
Amendment 714 #
2020/0266(COD)
Proposal for a regulation
Article 32 – paragraph 2 – point d
Article 32 – paragraph 2 – point d
(d) set a reasonable time limit within which the information is to be provided;
Amendment 718 #
2020/0266(COD)
Proposal for a regulation
Article 33 – paragraph 2 – point b
Article 33 – paragraph 2 – point b
(b) take or obtain certified copies of or review them on-site where they are deemed to be critical to the operations of the ICT third-party service provider, or extracts from, such records, data, procedures and other material;
Amendment 719 #
2020/0266(COD)
Proposal for a regulation
Article 33 – paragraph 2 – point e
Article 33 – paragraph 2 – point e
Amendment 721 #
2020/0266(COD)
Proposal for a regulation
Article 34 – paragraph 1
Article 34 – paragraph 1
1. In order to carry out its duties under this Regulation, the Lead Overseer, assisted by the examination teams referred to in Article 35(1), may enter and conduct all necessary on-site inspections on any business premises, land or property of the ICT third-party providers, which are relevant to the ongoing investigation and financial entity in question, such as head offices, operation centres, secondary premises, as well as to conduct off-line inspections.
Amendment 722 #
2020/0266(COD)
Proposal for a regulation
Article 34 – paragraph 2 – introductory part
Article 34 – paragraph 2 – introductory part
2. The officials and other persons authorised by the Lead Overseer to conduct an on-site inspection, may enter any such business premises, land or property and shall have all the powers to seal any business premises, unless it does not interrupt operations of other ICT third- party service provider customers and books or records for the period of, and to the extent necessary for, the inspection.
Amendment 732 #
2020/0266(COD)
Proposal for a regulation
Article 37 – paragraph 3
Article 37 – paragraph 3
3. CAfter exhausting all other options and issuing warnings to financial entities as a result of the oversight process, and subject to the approval of the Oversight Forum, competent authorities may, in accordance with Article 44, require financial entities to temporarily suspend, either in part or completely, the use or deployment of a service provided by the critical ICT third-party provider until the risks identified in the recommendations addressed to critical ICT third-party providers have been addressed. Where necessary, they may require financial entities to terminate, in part or completely, the relevant contractual arrangements concluded with the critical ICT third-party service providers. Competent authorities shall notify the financial entities concerned as soon as possible and allow them sufficient time, at a minimum 30 business days, to adjust the outsourcing of relevant ICT services on an individual basis.
Amendment 745 #
2020/0266(COD)
Proposal for a regulation
Article 40 – paragraph 3
Article 40 – paragraph 3
Amendment 752 #
2020/0266(COD)
Proposal for a regulation
Article 43 a (new)
Article 43 a (new)
Amendment 760 #
2020/0266(COD)
Proposal for a regulation
Article 51 – paragraph 1 a (new)
Article 51 – paragraph 1 a (new)
Amendment 764 #
2020/0266(COD)
Proposal for a regulation
Article 56 – paragraph 2
Article 56 – paragraph 2
It shall apply from [PO: insert date - 124 months after the date of entry into force].
Amendment 70 #
2020/0106(COD)
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) The conclusions of the European Council of 17-21 July 2020 do not include the Solvency Support Instrument within the instruments forming the recovery package. This is a regrettable decision made by the Heads of State and Government, necessitated by a decision to prioritise funding elsewhere. Nevertheless, support especially for SMEs will continue to be needed in many Member States and in particular in smaller Member States, whose fiscal capacities are more limited.
Amendment 71 #
2020/0106(COD)
Proposal for a regulation
Recital 2 b (new)
Recital 2 b (new)
(2b) Businesses who find themselves in liquidity issues may find themselves unable to access public support and become targets for private equity investors from third countries. This represents a considerable threat to the strength of European economies and the innovative capacities of many Member States
Amendment 72 #
2020/0106(COD)
Proposal for a regulation
Recital 2 c (new)
Recital 2 c (new)
(2c) Solvent businesses able to withstand liquidity problems continue to face other challenges, including barriers to market access and regulatory burdens, which continue to place those companies at risk of collapse if the economic recovery falters.
Amendment 73 #
2020/0106(COD)
Proposal for a regulation
Recital 2 d (new)
Recital 2 d (new)
(2d) Given the importance of securing the competitive position of European companies, assets and innovative capacity, together with the need to support Member States across the Union in supporting their national economies and by extension the Single Market, the proposal for the Solvency Support Instrument remains a relevant intervention should the need for further instruments to bolster the recovery be identified
Amendment 172 #
2020/0104(COD)
Proposal for a regulation
Recital 6
Recital 6
(6) Past experiences have shown that investment is often drastically cut during crises. However, it is essential to support investment in this particular situation to speed up the recovery and strengthen long- term growth potential. Investing in green and digital technologies, capacities and processes aimed at assisting clean energy transition, boosting energy efficiency in housing and other key sectors of the economic are important to achieve sustainable growth and help create jobs. It will also helpTherefore, the Facility should support among others measures large scale investment projects and programmes, which have the highest potential to implement the EU climate and energy objectives based on cost efficiency and social acceptance principle, including interim and contributory activities. It will also help Member States to diversify energy supply, make the Union more resilient and less dependent by diversifying key supply chains and securing supply of critical components.
Amendment 250 #
2020/0104(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) Reflecting the European Green Deal as Europe’s sustainable growth strategy and the translation of the Union's commitments to implement the Paris Agreement and the United Nations’ Sustainable Development Goals, the Facility established by this Regulation will contribute to mainstreaming climate actions and environmental sustainability and to the achievement of an overall target of 25 % of the EU budget expenditures supporting climate objectives and ensuring public acceptance as well as addressing the social and economic aspects of this process.
Amendment 319 #
2020/0104(COD)
Proposal for a regulation
Recital 14
Recital 14
(14) The Facility’s general objective should be the promotion of economic, social and territorial cohesion. For that purpose, it should contribute to improving the resilience and adjustment capacity of the Member States, mitigating the social and economic impact of the crisis, and supporting the green and digital transitions aimed at achieving a climate neutral Europe by 2050, thereby restoring the growth potential of the economies of the Union in the aftermath of the crisis, fostering employment creation, boosting investments in key sectors and to promoting sustainable growth.
Amendment 342 #
2020/0104(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) To ensure its contribution to the objectives of the Facility, the recovery and resilience plan should comprise measures for the implementation of reforms and public investment projects through a coherent recovery and resilience plan. The recovery and resilience plan should be consistent with the relevant country- specific challenges and priorities identified in the context of the European Semester, with the national reform programmes, the national energy and climate plans, the just transition plans, and the partnership agreements and operational programmes adopted under the Union funds. To boost actions that fall within the priorities of the European Green Deal and the Digital Agenda, the plan should also set out measures that are relevant for the fair green and digital transitions. The measures should enable reduction of emissions, a swift deliver of targets, objectives and contributions set out in national energy and climate plans and updates thereof. AWhile ensuring that the costs of the measures will not put an additional burden on those Member States at risk of energy and economic poverty, all supported activities should be pursued in full respect of the digital, climate and environmentalsustainable priorities of the Union.
Amendment 393 #
2020/0104(COD)
Proposal for a regulation
Recital 20
Recital 20
(20) It is necessary to establish a process for the submission of proposals for recovery and resilience plans by the Member States, and the content thereof. With a view to ensuring the expediency of procedures, a Member State should submit a recovery and resilience plan at the latest by 30 April, in the form of a separate annex of the National Reform Programme. To ensure a fast implementation, Member States should be able to submit a draft plan together with the draft budget of the forthcoming year, on 15 October of the precedingstarting from 15 October of the preceding year. In the case of euro-area Member States, a draft plan should be submitted together with the draft budget of the subsequent year.
Amendment 428 #
2020/0104(COD)
Proposal for a regulation
Recital 22
Recital 22
(22) The Commission should assess the recovery and resilience plan proposed by the Member States and should act in close cooperation with the Member State concerned. The Commission will fully respect the national ownership of the process and will therefore take into account the justification and elements provided by the Member State concerned and assess whether the recovery and resilience plan proposed by the Member State is expected to contribute to effectively address challenges identified in the relevant country-specific recommendation addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the European Semester; whether the plan focuses on the completion of key projects in order to minimize the impact of the pandemic on the targets set for the coming decade; whether the plan contains measures that effectively contribute to the green and the digital transitions and to addressing the challenges resulting from them, in particular the risk of increase of energy poverty; whether the plan is expected to have a lasting impact in the Member State concerned; whether the plan is expected to effectively contribute to strengthen the growth potential, job creation and economic and social resilience of the Member State, mitigate the economic and social impact of the crisis and contribute to enhancing economic, social and territorial cohesion; whether the justification provided by the Member State of the estimated total costs of the recovery and resilience plan submitted is reasonable and plausible and is commensurate to the expected impact on the economy and employment; whether the proposed recovery and resilience plan contains measures for the implementation of reforms and public investment projects that represent coherent actions; and whether the arrangement proposed by the Member State concerned are expected to ensure effective implementation of the recovery and resilience plan, including the proposed milestones and targets, and the related indicators.
Amendment 509 #
2020/0104(COD)
Proposal for a regulation
Recital 33
Recital 33
(33) For effective monitoring of implementation, the Member States should report on a quarterlybiannual basis within the European Semester process on the progress made in the achievement of the recovery and resilience plan. Such reports prepared by the Member States concerned should be appropriately reflected in the National Reform Programmes, which should be used as a tool for reporting on progress towards completion of recovery and resilience plans.
Amendment 1106 #
2020/0104(COD)
Proposal for a regulation
Article 16 – paragraph 3 – point a
Article 16 – paragraph 3 – point a
(a) whether the recovery and resilience plan is expected to contribute to effectively address challenges identified in the relevant country-specific recommendations addressed to the Member State concerned or in other relevant documents officially adopted by the Commission in the European Semester;
Amendment 1400 #
2020/0104(COD)
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
The Member State concerned shall report on a quarterlybiannual basis within the European Semester process on the progress made in the achievement of the recovery and resilience plans, including the operational arrangement referred to in Article 17(6). To that effect, the quarterlybiannual reports of the Member States shall be appropriately reflected in the National Reform Programmes, which shall be used as a tool for reporting on progress towards completion of the recovery and resilience plans.
Amendment 77 #
2020/0100(COD)
Proposal for a regulation
Recital 7
Recital 7
(7) The Facility should provide support in the form of grants provided by the Union combined with loans provided by a finance partner. The financial envelope of the grloant component, implemented by the Commission in direct management should take the form of financing not linked to costs, in accordance with Article 125 of Regulation (EU, Euratom) 2018/1046 of should be provided by the European ParliaInvestment Band of the Council (the ‘Financial Regulation’)12 . That form of financing should help incentivise project promoters to participate and contribute to the achievement of the Facility’s objectives k ('the EIB').Other financial partners who have passed the pillar assessment foreseen in the Article 154 of the Fin an efficient way relative to the size of the loan. The loan component should be provided by the European Investment Bank (‘the EIB’). The Fcial Regulation may also provide the loan component provided their capacility may also be extended to other finance partners providing the loan component, where additional resources for the grant component become available or where it is required for the correct implementation. _________________ 12 Regulation (EU Euratom) 2018/1046to fulfil the objectives of the Facility, to contribute own resources and to ensure an appropriate geographical coverage.
Amendment 254 #
2020/0100(COD)
Proposal for a regulation
Article 13 a (new)
Article 13 a (new)
Article 13 a Participation of finance partners other than the EIB Finance partners other then the EIB which have successfully passed the pillar assessment procedure set out in the article 154 of the Financial Regulation should be eligible to implement the Facility. Finance partners other than the EIB shall inform the Commission of their will to implement the loan component of the facility. Financial partners shall in particular demonstrate their capacity to: (a) to maximise the impact of the EU grant component through own resources; (b) to ensure appropriate geographical diversification of the Facility and allow for the financing of smaller projects; (c) to ensure transparency and public access to information concerning each project; Commission shall inform the Council and the European Parliament in case of other finance partner participation in the Facility.
Amendment 89 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a – paragraph 1
Article 500a – paragraph 1
By way of derogation from Article 47c(3), until [date of entry into force of this amending Regulation + 7 years] the factors set out in Article 47c(4) shall also apply to the part of the non-performing exposure guaranteed or counter-guaranteed by an eligible provider referred to in points (a) to (e) of Article 201(1), where, subject to compliance with Union State aid rules, where applicable, the guarantee or counter- guarantee is provided as part of support measures to assist borrowers amid the COVID-19 pandemic. The following additional conditions apply to this derogation: (a) eligible public providers referred to in point b of art 201(1) are treated as exposures to the central government in whose jurisdiction they are established under Article 115(2) that would be assigned a 0%- risk weight under Part Three, Title II, Chapter 2; (b) eligible public providers referred to in point e of art 201(1) are treated as exposures to the central government in whose jurisdiction they are established under Article 116(4) that would be assigned a 0%- risk weight under Part Three, Title II, Chapter 2; (c) eligible guarantors referred to in points c and d of art 201(1) would be assigned a 0%- risk weight under Part Three, Title II, Chapter 2.
Amendment 93 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
1a. By way of derogation from Article 114(2), for exposures to the central governments and central banks of Member States denominated and funded in the domestic currency of another Member State: (a) until 31 December 2022, the risk weight applied to the exposure values shall be 0 % of the risk weight assigned to those exposures in accordance with Article 114(2); (b) during the period from 1 January 2023 to 31 December 2023, the risk weight applied to the exposure values shall be 20 % of the risk weight assigned to those exposures in accordance with Article 114(2); (c) during the period from 1 January 2024 to 31 December 2024, the risk weight applied to the exposure values shall be 50 % of the risk weight assigned to those exposures in accordance with Article 114(2); (d) during the period beginning 1 January 2025 and thereafter, the risk weight applied to the exposure values shall be 100 % of the risk weight assigned to those exposures in accordance with Article 114(2).
Amendment 98 #
2020/0066(COD)
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 575/2013
Article 500a – paragraph 1b (new)
Article 500a – paragraph 1b (new)
1b. By way of derogation from Articles 395(1) and 493(4), competent authorities may allow institutions to incur exposures referred to in paragraph 1 of this Article, up to the following limits: (a) 100 % of the institution’s Tier 1 capital until 31 December 2023; (b) 75 % of the institution’s Tier 1 capital until 31 December 2024; (c) 50 % of the institution’s Tier 1 capital until 31 December 2025. The limits referred to in points (a), (b) and (c) of the first subparagraph of this paragraph shall apply to exposure values after taking into account the effect of the credit risk mitigation in accordance with Articles 399 to 403.
Amendment 32 #
2020/0006(COD)
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) On basis of the European Investment Bank's guidelines, funding should be permitted for up to 75 % of the assumed costs of a project supported by the JTF.
Amendment 46 #
2020/0006(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) Transitioning to a climate-neutral economy is a challenge for all Member States. It will be particularly demanding for those Member States that rely heavily on fossil fuels orand, to a lesser extent, on greenhouse gas intensive industrial activities which need to be phased out or which need to adapt due to the transition towards climate neutrality and that lack the financial means to do so. The JTF should therefore cover all Member States, but the distribution of its financial means should reflect the capacity of Member States to finance the necessary investments to cope with the transition towards climate neutrality.
Amendment 66 #
2020/0006(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) In order to enhance the economic diversification of territories impacted by the transition, the JTF should provide support to productive investment in SMEs. Productive investment should be understood as investment in fixed capital or immaterial assets of enterprises in view of producing goods and services thereby contributing to gross-capital formation and employment. For enterprises other than SMEs, productive investments should only be supported ifwhen they are necessary forcontribute to mitigating job losses resulting from the transition, by creating or protecting a significant number of jobs and they do not lead to or result from relocation. Investments in existing industrial facilities, including those covered by the Union Emissions Trading System, should be allowed if they contribute to the transition to a climate-neutral economy by 2050 and go substantially below the relevant benchmarks established for free allocation under Directive 2003/87/EC of the European Parliament and of the Council14 and if they result in the protection of a significant number of jobs. Any such investment should be justified accordingly in the relevant territorial just transition plan. In order to protect the integrity of the internal market and cohesion policy, support to undertakings should comply with Union State aid rules as set out in Articles 107 and 108 TFEU and, in particular, support to productive investments by enterprises other than SMEs should be limited to enterprises located in areas designated as assisted areas for the purposes of points (a) and (c) of Article 107(3) TFEU. _________________ 14Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32).
Amendment 74 #
2020/0006(COD)
Proposal for a regulation
Recital 2 a (new)
Recital 2 a (new)
(2a) Whereas COVID-19 pandemic has caused unprecedented challenges for social and unemployment dimensions across the Union, the Just Transition Mechanism in the next two years while fulfilling the European Green Deal objectives should be balanced between tackling the Green Deal initiatives and addressing social economic consequences in order not to expand social and unemployment risks and disparities among regions.
Amendment 107 #
2020/0006(COD)
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6a) On basis of the European Investment Bank's guidelines, funding should be permitted for up to 75 % of the assumed costs of a project supported by the JTF.
Amendment 109 #
2020/0006(COD)
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The JTF shall support the Investment for jobs and growth goal in all Member States, and primarily in regions that rely heavily on the mining and combustion of coal and lignite.
Amendment 115 #
2020/0006(COD)
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1
Article 3 – paragraph 2 – subparagraph 1
The resources for the JTF under the Investment for jobs and growth goal available for budgetary commitment for the period 2021-2027 shall be EUR 718.5 billion in 2018 prices, which may be increased, as the case may be, by additional resources allocated in the Union budget, and by other resources in accordance with the applicable basic act.
Amendment 123 #
2020/0006(COD)
Proposal for a regulation
Recital 8
Recital 8
(8) Transitioning to a climate-neutral economy is a challenge for all Member States. It will be particularly demanding for those Member States that rely heavily on fossil fuels orand, to a lesser extent, on greenhouse gas intensive industrial activities which need to be phased out or which need to adapt due to the transition towards climate neutrality and that lack the financial means to do so. The JTF should therefore cover all Member States, but the distribution of its financial means should reflect the capacity of Member States to finance the necessary investments to cope with the transition towards climate neutrality.
Amendment 130 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point a
Article 4 – paragraph 2 – subparagraph 1 – point a
(a) productive investments in SMEs, including in SMEs and start-ups, leading to economic diversification and reconversion;
Amendment 137 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point d a (new)
Article 4 – paragraph 2 – subparagraph 1 – point d a (new)
Amendment 139 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point d b (new)
Article 4 – paragraph 2 – subparagraph 1 – point d b (new)
(db) investments relating to the production, processing, distribution, storage and combustion of natural gas;
Amendment 145 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point g a (new)
Article 4 – paragraph 2 – subparagraph 1 – point g a (new)
Amendment 151 #
2020/0006(COD)
Proposal for a regulation
Recital 12
Recital 12
(12) In order to enhance the economic diversification of territories impacted by the transition, the JTF should provide support to productive investment in SMEs. Productive investment should be understood as investment in fixed capital or immaterial assets of enterprises in view of producing goods and services thereby contributing to gross-capital formation and employment. For enterprises other than SMEs, productive investments should only be supported ifwhen they are necessary forcontribute to mitigating job losses resulting from the transition, by creating or protecting a significant number of jobs and they do not lead to or result from relocation. Investments in existing industrial facilities, including those covered by the Union Emissions Trading System, should be allowed if they contribute to the transition to a climate-neutral economy by 2050 and go substantially below the relevant benchmarks established for free allocation under Directive 2003/87/EC of the European Parliament and of the Council14 and if they result in the protection of a significant number of jobs. Any such investment should be justified accordingly in the relevant territorial just transition plan. In order to protect the integrity of the internal market and cohesion policy, support to undertakings should comply with Union State aid rules as set out in Articles 107 and 108 TFEU and, in particular, support to productive investments by enterprises other than SMEs should be limited to enterprises located in areas designated as assisted areas for the purposes of points (a) and (c) of Article 107(3) TFEU. __________________ 14Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32).
Amendment 152 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 2
Article 4 – paragraph 2 – subparagraph 2
Amendment 169 #
2020/0006(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point d
Article 5 – paragraph 1 – point d
(d) investment related to the production, processing, distribution, storage or combustion of solid fossil fuels;
Amendment 190 #
2020/0006(COD)
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
(2a) Projects funded by the JTF that contribute to its specific objective may receive funding of up to 75% of the assumed costs.
Amendment 204 #
2020/0006(COD)
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The JTF shall support the Investment for jobs and growth goal in all Member States, and primarily in regions that rely heavily on the mining and combustion of coal and lignite.
Amendment 210 #
2020/0006(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a – point i
Annex I – paragraph 1 – point a – point i
(i) greenhouse-gas emissions of industrial facilities in NUTS level 2 regions where the carbon intensity, as defined by the ratio of greenhouse gas emissions of industrial facilities as reported by Member States in accordance with Article 7 of Regulation (EC) No 166/2006 of the European Parliament and of the Council28 compared to the gross value added of the industry, exceeds by a factor of two the EU-27 average. Where that level is not exceeded in any NUTS level 2 regions in a given Member State, greenhouse-gas emissions of industrial facilites in the NUTS level 2 region with the highest carbon intensity is taken into account (weighting 4925%), _________________ 28Regulation (EC) No 166/2006 of the European Parliament and of the Council of 18 January 2006 concerning the establishment of a European Pollutant Release and Transfer Register and amending Council Directives 91/689/EEC and 96/61/EC (OJ L 33, 4.2.2006, p. 1).
Amendment 211 #
2020/0006(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a – point ii
Annex I – paragraph 1 – point a – point ii
(ii) employment in mining of coal and lignite (weighting 2549%),
Amendment 212 #
2020/0006(COD)
Proposal for a regulation
Annex I – paragraph 1 – point b
Annex I – paragraph 1 – point b
Amendment 213 #
2020/0006(COD)
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1
Article 3 – paragraph 2 – subparagraph 1
The resources for the JTF under the Investment for jobs and growth goal available for budgetary commitment for the period 2021-2027 shall be EUR 7.540 billion fresh money in 2018 prices, which may be increased, as the case may be, by additional resources allocated in the Union budget, and by other resources in accordance with the applicable basic act.
Amendment 234 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – introductory part
Article 4 – paragraph 2 – subparagraph 1 – introductory part
In accordance with paragraph 1, the JTF shall exclusively support the following activities:
Amendment 245 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point a
Article 4 – paragraph 2 – subparagraph 1 – point a
(a) productive investments in SMEs, including in SMEs and start-ups, leading to economic diversification and reconversion;
Amendment 269 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point d a (new)
Article 4 – paragraph 2 – subparagraph 1 – point d a (new)
(da) investments in energy efficiency and renewables, including investments in district heating;
Amendment 271 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point d b (new)
Article 4 – paragraph 2 – subparagraph 1 – point d b (new)
(d b) investments relating to the production, processing, distribution, storage and combustion of natural gas;
Amendment 293 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point g a (new)
Article 4 – paragraph 2 – subparagraph 1 – point g a (new)
(ga) investments that contribute to reducing emissions from transport;
Amendment 308 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point j a (new)
Article 4 – paragraph 2 – subparagraph 1 – point j a (new)
(ja) any other specific activities contributing to the JTF single specific objective, included in the territorial just transition plans and agreed between a Member State, the relevant authorities of the territories concerned and approved by the European Commission;
Amendment 316 #
2020/0006(COD)
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 2
Article 4 – paragraph 2 – subparagraph 2
Amendment 328 #
2020/0006(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point a
Article 5 – paragraph 1 – point a
Amendment 334 #
2020/0006(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point c
Article 5 – paragraph 1 – point c
Amendment 345 #
2020/0006(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point d
Article 5 – paragraph 1 – point d
(d) investment related to the production, processing, distribution, storage or combustion of fossil fuels with exception of Article 4, paragraph 2, points da and db;
Amendment 375 #
2020/0006(COD)
Proposal for a regulation
Article 6 – paragraph 2 a (new)
Article 6 – paragraph 2 a (new)
2a. Projects funded by the JTF that contribute to its specific objective may receive funding of up to 75% of the assumed costs.
Amendment 438 #
2020/0006(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a – point i
Annex I – paragraph 1 – point a – point i
(i) greenhouse-gas emissions of industrial facilities in NUTS level 2 regions where the carbon intensity, as defined by the ratio of greenhouse gas emissions of industrial facilities as reported by Member States in accordance with Article 7 of Regulation (EC) No 166/2006 of the European Parliament and of the Council28 compared to the gross value added of the industry, exceeds by a factor of two the EU-27 average. Where that level is not exceeded in any NUTS level 2 regions in a given Member State, greenhouse-gas emissions of industrial facilities in the NUTS level 2 region with the highest carbon intensity is taken into account (weighting 4925%), __________________ 28Regulation (EC) No 166/2006 of the European Parliament and of the Council of 18 January 2006 concerning the establishment of a European Pollutant Release and Transfer Register and amending Council Directives 91/689/EEC and 96/61/EC (OJ L 33, 4.2.2006, p. 1).
Amendment 442 #
2020/0006(COD)
Proposal for a regulation
Annex I – paragraph 1 – point a – point ii
Annex I – paragraph 1 – point a – point ii
(ii) employment in mining of coal and lignite (weighting 2549%),
Amendment 455 #
2020/0006(COD)
Proposal for a regulation
Annex I – paragraph 1 – point b
Annex I – paragraph 1 – point b
(b) the allocations resulting from the application of point (a) are adjusted to ensure that no Member State receives an amount exceeding EUR 2 bill32% of the total allocation. The amounts exceeding EUR 2 bill32% of the total allocation per Member State are redistributed proportionally to the allocations of all other Member States. The Member States shares are recalculated accordingly;
Amendment 59 #
2019/2214(BUD)
Motion for a resolution
Paragraph 24
Paragraph 24
24. Recalls the need to find a solution for a single seat for the Parliament at a vast majority of Parliament expressed in various resolutions support for a single seat to ensure efficient spending order to optimise parliamentary and institutional work and reduce significant political and financial costs and the carbon footprif Union taxpayers money and to assume its institutional responsibility to reduce its carbon footprint; notes that the Court of Auditors estimated that moving from Strasbourg to Brussels could generate annual savings of EUR 114 million plus a one-off saving of EUR 616 million if the Strasbourg buildings are successfully divested, or a one-off cost of EUR 40 million if they are not; therefore recalls the need to find a solution for a single seat for the Parliament;
Amendment 11 #
2019/2211(INI)
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Underlines that implementation of the Green deal shall not distort the long- term sustainability of public finances and shall be in full compliance with the Stability and Growth Pact and with short- term macroeconomic stabilisation;
Amendment 25 #
2019/2211(INI)
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the EU’s low productivity and global competitiveness require urgent structural reforms and fiscal discipline aiming at growth, employment and increased convergence within the EU;
Amendment 26 #
2019/2211(INI)
Motion for a resolution
Recital -A a (new)
Recital -A a (new)
-A a. whereas in order to achieve sustainable growth the EU needs to shift from rather experimental, unprecedented and unsustainable monetary policies to conventional, evidence based and growth- friendly investment, a comprehensive and non-selective implementation of the SGP, and structural reforms;
Amendment 27 #
2019/2211(INI)
Motion for a resolution
Recital -A b (new)
Recital -A b (new)
-A b. whereas persisting high levels of public debt represent a drag on growth, greater risk of a fiscal crisis, lower national savings and income and lead to large tax hikes;
Amendment 28 #
2019/2211(INI)
Motion for a resolution
Recital -A c (new)
Recital -A c (new)
-A c. whereas debt reduction measures have been slow in a number of Member States;
Amendment 29 #
2019/2211(INI)
Motion for a resolution
Recital -A d (new)
Recital -A d (new)
-A d. whereas five euro area Member States with high debt-to-GDP ratios are forecast to have a sizeable structural deficit in 2020;
Amendment 37 #
2019/2211(INI)
Motion for a resolution
Recital A
Recital A
A. whereas the improvement in the economic situationd economic discipline and stability and low interest rates provide an opportunity to implement ambitiousnecessary reforms, in particular measures aimed at encouraging effective public investment to tackle climate change and its social consequences and create full-time jobs;
Amendment 40 #
2019/2211(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas structural reforms in the Member States are needed in order to create the conditions for sustainable growth;
Amendment 42 #
2019/2211(INI)
Motion for a resolution
Recital A b (new)
Recital A b (new)
A b. whereas close to zero interest rates severely distort the intertemporal allocation of capital; whereas a flat yield curve severely damages the traditional borrowing and lending business model of banks and drives them into riskier business activities;
Amendment 44 #
2019/2211(INI)
Motion for a resolution
Recital A c (new)
Recital A c (new)
A c. whereas the unemployment rate in the EU is below the pre-crisis level and the unemployment rate in the euro area is still above the pre-crisis level;
Amendment 59 #
2019/2211(INI)
Motion for a resolution
Recital C
Recital C
Amendment 66 #
2019/2211(INI)
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Considers that to achieve sustainable growth the EU needs to shift from rather experimental, unprecedented and unsustainable monetary policies to conventional, evidence based and growth- friendly investment, a comprehensive and non-selective implementation of the SGP, and structural reforms;
Amendment 67 #
2019/2211(INI)
Draft opinion
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. Underlines the structural reforms in the Member States are needed in order to create the conditions for sustainable growth;
Amendment 68 #
2019/2211(INI)
Draft opinion
Paragraph 7 c (new)
Paragraph 7 c (new)
7 c. Considers that close to zero interest rates severely distort the intertemporal allocation of capital; whereas a flat yield curve severely damages the traditional borrowing and lending business model of banks and drives them into riskier business activities;
Amendment 84 #
2019/2211(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Notes that, in view of the climate change emergency, the EU’s Annual Growth Survey (AGS) has now been renamed the Annual Sustainable Growth Survey (ASGS), and considers that this implies a change in the positioning of the report and the implementation of ecological indicators; stresses however that this change must comply with the valid fiscal rules;
Amendment 116 #
2019/2211(INI)
3. Considers achieving a fair transition to climate neutrality to be a major responsibility for the EU’s citizens and economy and its role in the world; calls for appropriate support and policies, with involvement for and of the public, the various sectors, regions and Member States with a view to benefiting from this transformation and making it a success; calls on the Commission to undertake an annual evaluation of the Union’s ecological debt, carbon budget and imported emissions;
Amendment 138 #
2019/2211(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that the euro area is going through a prolonged period of subdued growth (1.1 % in the euro area and 1.4% in the EU as a whole in 2019 with significant differences between Member States from 0.1 % to 5.6 %), with growth in the euro area in 2020 and 2021 forecast at 1.2 % and for the EU in 2020 and 2021 forecast at 1.4 %; also notes that the inflation rate is forecast to further slow down, to 1.2 % in 2019 and 2020, in a context of high uncertainty due to geopolitical tensions and Brexit; is concerned at the high level of both public and private debt;
Amendment 150 #
2019/2211(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Is concerned that post-crisis investment has been on a downward path in the EU in spite of historically low interest rates, currently standing at 3.4 %, with overall infrastructure investment now at about 75 % of its pre-crisis level; notes that monetary policy of low interest rates has not helped to increase the level of investments to pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector, which have occurred particularly in countries subject to adverse macroeconomic conditions and the more severe fiscal constraints imposed on disadvantaged regions already characterised by poor infrastructure quality and weak socio- economic outcomes, but also, and surprisingly, in countries with a large fiscal space;
Amendment 152 #
2019/2211(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Emphasises that reliable investment requires a regulatory environment that allows for a return on investment; considers that predictable rules, a level playing field and reduced compliance costs are crucial factors for attracting investment;
Amendment 176 #
2019/2211(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
Amendment 187 #
2019/2211(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Emphasises the fiscal benefits of investment efficiency measurements and investment quality comparison; recommends the Commission to systematically monitor the value for money of EU funded projects and to publish the evaluation criteria to maximise the benefits of public scrutiny;
Amendment 189 #
2019/2211(INI)
Motion for a resolution
Paragraph 7 b (new)
Paragraph 7 b (new)
7 b. warns that boosting investment should not be seen as an alternative to productivity-enhancing reforms;
Amendment 190 #
2019/2211(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 205 #
2019/2211(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Notes with concern that the EU share of global foreign direct investments flows have fallen significantly since the crisis;
Amendment 206 #
2019/2211(INI)
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
Amendment 208 #
2019/2211(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 214 #
2019/2211(INI)
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9 a. Underlines that implementation of the Green deal shall not distort the long- term sustainability of public finances and shall be in full compliance with the Stability and Growth Pact and with short- term macroeconomic stabilisation;
Amendment 222 #
2019/2211(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
10. NoteRegrets that the debt levels of all the Member States are above the pre-crisis level and are expected to exceed 60 % GDP in 2021; further notes that in six Member States the ratio will be higher than 90 %; highlights the fact that the fiscal rules have not contributed to bringing down the debt levels of highly indebted countries but have, rather, increased them GDP; underlines that debt levels may be hard to sustain if and when interest rates return to normal levels;
Amendment 225 #
2019/2211(INI)
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Recalls the need to reduce the levels of public debt to help the European economies to be more resilient to shocks, especially in highly indebted countries; warns about higher financing costs in the future once monetary policy accommodation is reduced, especially in the euro area;
Amendment 226 #
2019/2211(INI)
Motion for a resolution
Paragraph 10 b (new)
Paragraph 10 b (new)
10 b. Recalls that growth-friendly structural reforms do not require fiscal space but rather political, legislative and administrative efforts aimed at strengthening market forces and private sector initiatives;
Amendment 233 #
2019/2211(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Supports flexibility in the implementation of the SGP as proposed by the Commission in 2015; considers that much more flexibility should be introduced in order to booPoints out that acquis communautaire and other common measures, including fiscal rules, shall be respected and regrets long last investment and ecological transition in the EU; calls, therefore, for the reform of the SGP and the introduction of a euro area fiscal capacityg selective non-compliance with common EU rules; calls, therefore, for the full and unambiguous implementation of the SGP;
Amendment 239 #
2019/2211(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
Amendment 258 #
2019/2211(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Notes that the Commission warranted in-depth reviews for 13 Member States identified as having imbalances; supports the suggestion made in the Alert Mechanism Report (AMR) 2020 that a rebalancing of current account deficits and surpluses in the euro area is needed urgently and would be beneficial for all Member Statesnotes that in such environment the required adjustment for some Member States seeking improvement of intra-EU competitiveness becomes much harder to achieve;
Amendment 308 #
2019/2211(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. CRecalls forthat qualified majority voting in Council on tax matters would infringe the sovereign Member States competence;
Amendment 313 #
2019/2211(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
Amendment 318 #
2019/2211(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls for the systematic inclusion of tax matters in the Country Specific Recommendations (CSRs), with the aim of ensuring economic coherence across EU Member States as well as the fairness of EU tax systems; believes that the CSRs could ensure a fair balance between sources of revenue and should also include innovative elements aiming at promoting the Green Deal; further; believes that they should also support Member States in tackling tax avoidance and aggressive tax planning;
Amendment 334 #
2019/2211(INI)
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Recalls that high levels of taxation in Europe are a hindrance to investments and jobs; supports the Commission’s initiatives to achieve increased transparency and a reformed VAT system;
Amendment 352 #
2019/2211(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. Stresses that, according to the EU Labour Force Survey, there are 8.3 million involuntary part-time workers in the EU, two thirds of them women; requests the Commission to undertake a study to analyse the impact of this development on pension systems and public finances taking into account the influence of tax wedge on the share of part-time workers;
Amendment 374 #
2019/2211(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Underlines the fact that the number of people at risk of poverty or social exclusion stands, on 2017 figures, at 113 million, or 22.5 % of the population and welcomes the decrease to 21.9% in 2018;
Amendment 381 #
2019/2211(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 385 #
2019/2211(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 389 #
2019/2211(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Demands the necessary respect for the principles of subsidiarity and proportionality; stresses that in line with the Treaties, Member States must continue to have sufficient flexibility in implementing an appropriate social policy;
Amendment 391 #
2019/2211(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 398 #
2019/2211(INI)
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25 a. Recalls that the focus of the European Semester should be on national ownership;
Amendment 404 #
2019/2211(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Looks forward to the stronger involvement of the EP and the national parliaments and regional in the European Semester process and to the creation of an institutionalised dialogue with the Commission, the social partners, territories and civil society, at both EU and national level and relevant actors, in order to further boost the process’s democratic legitimacy;
Amendment 408 #
2019/2211(INI)
Amendment 414 #
2019/2211(INI)
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27 a. Reminds Member States of the importance of committing to and delivering on the CSRs including recommendations of the European Court of Auditors;
Amendment 14 #
2019/2131(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas a competition policy aimed at ensuring a level playing field in all sectors is a cornerstone of the European social market economy, and a key factor in guaranteeing the proper functioning of the internal market;
Amendment 17 #
2019/2131(INI)
Motion for a resolution
Recital A b (new)
Recital A b (new)
A b. whereas global cooperation on competition enforcement helps to avoid inconsistencies in remedies and outcomes of enforcement actions and helps businesses to reduce their costs of compliance;
Amendment 18 #
2019/2131(INI)
Motion for a resolution
Recital A c (new)
Recital A c (new)
A c. whereas the application of competition rules to mergers must be evaluated from the perspective of the entire internal market;
Amendment 20 #
2019/2131(INI)
Motion for a resolution
Recital B
Recital B
Amendment 34 #
2019/2131(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. CHighlights the importance of global cooperation on competition enforcement; calls on the Commission to develop the influence of competition policy in the world, in particular by stepping up cooperation with the USA and China; supports an active participation of the Commission and the national competition authorities in the International Competition Network;
Amendment 46 #
2019/2131(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Calls on the Commission to monitor foreign direct investment and not to limit itself to the screening mechanism; foreign direct investment from countries obeying rules opposite to the principals of the free market economy should be monitored with special diligence.
Amendment 65 #
2019/2131(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Calls on the Commission to promote major projects of common European interest in disruptive technologies, to close the gap between EU economies, simplify the relevant provisions and to streamline its requirements so that smaller industrial research projects are also approved;
Amendment 71 #
2019/2131(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls on the Commission to ensure the balanced application of State aid control to European operators in order to avoid asymmetries with their foreign competitors, who are not subject to it; urges the Commission to evaluate existing rules against modern market challenges, increasing administrative burdens and effectiveness of the current policies;
Amendment 111 #
2019/2131(INI)
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Emphasises that neither an unacceptable trend towards protectionism, nor, on their own, measures to ensure fair competition can guarantee the competitiveness of the EU economy;
Amendment 131 #
2019/2131(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. CWelcomes the attention being paid to network effects and to data accumulation and analysis in identifying market power on digital markets; takes the view that data play a major role in the digital economy and should therefore be taken into account in assessment under competition rules; calls on the Commission to review merger rules and strengthen antitrust action, taking into account the effects of market and network power associated with both personal and financial data; proposes that every merger in the market for such data should be subject to prior monitoring, regardless of thresholds;
Amendment 141 #
2019/2131(INI)
Motion for a resolution
Paragraph 8 a (new)
Paragraph 8 a (new)
8 a. Calls on the Commission to take ambitious steps to eliminate illegitimate obstacles to online competition;
Amendment 142 #
2019/2131(INI)
Motion for a resolution
Paragraph 8 b (new)
Paragraph 8 b (new)
Amendment 192 #
2019/2131(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Stresses that, while intermediation platforms play a major role in access to consumers for online services, some may abuse their privileged position by acting as gatekeepers; calls on the Commission to conclude its preliminary investigation into Spotify’s complaints about Apple’spotentially anticompetitive practices and to launch a formal procedure as soon as possible;
Amendment 238 #
2019/2131(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Deplores the fact that, despite repeated requests,Notes that the Commission has still not completed theits investigation into Google Shopping which began in 2010 but that Google is still appealing the decision; stresses that, in the absence of targeted and effective behavioural remedies that have been tested in advance with the undertaking which is the victim, a complete structural separation of general and specialised research services may be necessary;
Amendment 279 #
2019/2131(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Calls on the Commission to fully mobilise the state aid modernisation strategy, in particular for the energy transition; notes that the definition of the energy mix of Member States remains a national competence; considers that the high diversification of energy mixes across the EU contributes to the EU's energy security;
Amendment 291 #
2019/2131(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
22. Callsonsiders that it is a priority to ensure that State aid rules are strictly and impartially adhered to when dealing with future banking crises, so that taxpayers are protected against the burden of bank rescues; calls in this regard on the Commission to examine the discrepancies between the rules on State aid in the area of liquidation aid and the resolution regime under the Bank Recovery and Resolution Directive, and following that to revise its 2013 Banking Communication accordingly;
Amendment 299 #
2019/2131(INI)
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. Recalls that according to the Deposit Guarantee Schemes Directive, the use of deposit guarantee schemes to prevent the failure of a credit institution should be carried out within a clearly defined framework and should in any event comply with State aid rules;
Amendment 306 #
2019/2131(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Calls, without Treaty change, for regular use of the ordinary legislative procedure in competition policy, by analogy with the procedure for the ‘non- life insuranceAntitrust Damages Actions’ and ‘ECN+’ directives;
Amendment 319 #
2019/2131(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
25. Stresses the desire for a greater role for Parliament in determining and developing the general competition policy, along the lines of that played by the US Congress, which even has the power to launch investigations framework;
Amendment 322 #
2019/2131(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
26. Calls on the Commission to systematically involve it inmaintain high transparency standards, including with regard to the work of working parties and expert groups, particularly when devising soft-law instruments;
Amendment 333 #
2019/2131(INI)
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28 a. Considers that resources for the Commission's Directorate General for Competition should be made adequate to its workload and range of tasks by shifting away resources from other Directorates with less European added value;
Amendment 335 #
2019/2131(INI)
Motion for a resolution
Paragraph 28 b (new)
Paragraph 28 b (new)
28 b. Recalls the commitment made by the Executive Vice-President of the European Commission for Europe Fit for the Digital Age during her confirmation hearing on 8 October 2019 to keep her digital policy and competition portfolios strictly separate;
Amendment 2 #
2019/2129(INI)
Motion for a resolution
Citation 2
Citation 2
– having regard to the Statute of the European System of Central Banks (ESCB) and of the ECB, in particular Articles 15 and 21 thereof,
Amendment 4 #
2019/2129(INI)
Motion for a resolution
Citation 3
Citation 3
– having regard to Articles 123, 127(1) and 284(3) of the Treaty on the Functioning of the European Union,
Amendment 20 #
2019/2129(INI)
Motion for a resolution
Recital C
Recital C
C. whereas according to the Eurosystem staff macroeconomic projections of September 2019, annual inflation for the euro area in the Harmonised Index of Consumer Prices (HICP) looks set to reach 1.2 %, 1.0 % and 1.5 % in 2019, 2020 and 2021, thus still falling short of the medium-term objective of 2 %; whereas inflation projections show substantial variance across the euro area;
Amendment 24 #
2019/2129(INI)
Motion for a resolution
Recital D
Recital D
D. whereas at the end of 2018 the size of the Eurosystem balance sheet had reached an all-time high of EUR 4.7 trillion, thus exceeding 40% of the euro area GDP, an increase of 0.2 trillion compared with the end of 2017;
Amendment 41 #
2019/2129(INI)
Motion for a resolution
Recital H
Recital H
H. whereas despite this positive trend, green bonds still account for only 1 % of the overall supply of euro-denominated bonds;
Amendment 97 #
2019/2129(INI)
Motion for a resolution
Paragraph 5 – introductory part
Paragraph 5 – introductory part
5. Underlines that strengthening the role of the euro, increasing the resilience of the euro area economy, reducing structural unemployment and boosting euro area growth potential and productivity requires the right structural conditions, among which:
Amendment 123 #
2019/2129(INI)
Motion for a resolution
Paragraph 5 – indent 4
Paragraph 5 – indent 4
Amendment 141 #
2019/2129(INI)
Motion for a resolution
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Warns against the risk of excessive valuations on bond markets, which risk to be difficult to handle if interest rates start to rise again, particularly for countries involved in an excessive deficit procedure or with high levels of debt;
Amendment 156 #
2019/2129(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
Amendment 202 #
2019/2129(INI)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Recalls that, as an EU institution, the ECB is bound by the Paris Agreement on climate change and that this should be reflected in its policies, with full respect for its mandate and its independencehas a narrowly defined mandate enshrined in Article 127 TFEU that should be reflected in its policies;
Amendment 250 #
2019/2129(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Calls for the capital markets union (CMU) project to be accelerated in order to deepen financial integration, with a view to improving resilience to shocks and making the transmission of monetary policy across the monetary union more effective; believes that the fastest way to achieve a well-functioning CMU is to reduce the burden of regulations hindering well- functioning capital markets to have a broader impact all over the Union;
Amendment 258 #
2019/2129(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on the ECBall supervisory authorities to increase its monitoring of the development of crypto- currencies, crypto-assets and the increased risks in cyber- security;
Amendment 273 #
2019/2129(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Agrees with Christine Lagardethe incoming ECB President that a review of the ECB’s monetary policy framework is timely and warranted in order to ensure that the ECB has the right tools to deliver on its price stability mandate in the future; calls on the ECB to organise a public consultation as part of this process in order to ensure that the review is open to input and feedback from a broad range of diverse civil society stakeholders;
Amendment 289 #
2019/2129(INI)
Motion for a resolution
Paragraph 19
Paragraph 19
19. WelcomeExpects the increase in accountability under the Presidency of Mario Draghi, and looks forward to eveoming ECB President to deliver on greater accountability, dialogue and openness in line with the incoming Presidentcommitments she made during her hearing before the European Parliament's Economic and Monetary Affairs Committee on 4 September 2019;
Amendment 294 #
2019/2129(INI)
Motion for a resolution
Paragraph 20
Paragraph 20
20. Recalls that the nominations of Executive Board members should be prepared carefully, with full transparency and together with Parliament in line with the Treaties; calls on the Council to draw up a gender-balanced shortlist for all current and upcoming vacancies and to share it with Parliament, thus allowing it to play a more meaningful advisory role in the appointment process; regrets that to date no satisfactory progress has been made;
Amendment 10 #
2019/2126(INI)
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increase the current levels of investment in the EU, which are below historical averages and insufficient to fulfil the EU’s sustainability, social and innovation ambitions; stresses that in order to achieve these ambitions, more risk- takingincreased activity by the EIB may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruments; calls for adequate capitalisation of the EIB to allow for the use of innovative instruments in the financing of projects with substantial potential sustainability, social and innovation gains;
Amendment 16 #
2019/2126(INI)
Draft opinion
Paragraph 2
Paragraph 2
2. WelcomNotes the commitment by the Commission President-elect to turn sections of the EIB into a climate bank, and the commitments from the EIB President to increase the share of EIB financing for climate action and environmental sustainability to at least 50 % by 2025 and to align all EIB financing activities with the goals of the Paris Agreement by the end of 2020in a timeframe which does not undermine the EIB's other commitments; calls on the Commission to present an ambitious new European Sustainable Investment Plan, includingtaking into account the real needs of each Member State and region and the additional financial commitments, as soon as possible, and to fully support the EIB in broadening its sustainability ambitions; recalls, at the same time, that the EIB was set up to tackle economic and social inequalities in the EU; stresses, in this context, the EIB's crucial role in the smooth functioning of the future Just Transition Fund;
Amendment 30 #
2019/2126(INI)
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that in order for the EIB to become the EU’s climate bank, it should stop all financial support toNotes the decision taken by the Board of Directors of the EIB to end financing for most fossil fuel energy projects byfrom the end of 2020,1 and align to gradually its activities, including EIF operations, with the Paris Agreement’s goals; calls on the EIB to make decarbonisation commitments a condition for companies to receive EIB supportncrease the share of its financing dedicated to climate action and environmental sustainability, to reach 50 % of its operations as of 2025; calls on the EIB to apply the EU taxonomy framework, once it has been formally adopted, as a benchmark for its climate and environmental investments; calls on the EIB to develop a credible methodology to measure, disclose and achieve ‘Paris alignment’ of its financing operations;
Amendment 34 #
2019/2126(INI)
Motion for a resolution
Paragraph 2
Paragraph 2
2. Reiterates the need to reduce the inequalities inimprove the geographical distribution of EIB financing, given that 57% went to six Member States in 2018; calls for a fair and transparent geographical distribution of projects and investment, with a special focus on less- developed regions; calls for an enhanced geographical distribution of projects and investments; calls for the EIB to address systemic shortcomings that prevent certain regions or countries from taking full advantage of the EIB's financial activities considering the market and demand driven nature of EIB financing;
Amendment 43 #
2019/2126(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobilising EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectives; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent with the EU’s sustainability objectives; The methodologie should reflect also differences between InvestEU windows in order to enable implementing partners effective usage of the EU guarantee;
Amendment 43 #
2019/2126(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
3. Calls on the EIB to greatlyfor adequate support to strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval, in order to improve accessibility and involve all Member States; underlines that projects are selected based on economic, environmental, technical and most of all financial merits;
Amendment 46 #
2019/2126(INI)
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobilising EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectives; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent withtake into account the EU’s sustainability objectives;
Amendment 47 #
2019/2126(INI)
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
Amendment 50 #
2019/2126(INI)
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Welcomes the EIB's decision to continue to support cohesion and convergence policy objectives, including in the form of structural projects aimed at mitigating the effects of inequality, for example in countries and regions still facing development difficulties, including those resulting from the EU's new climate policy; calls for the EIB's priorities to be broadened to include effective cohesion policy;
Amendment 74 #
2019/2126(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Calls for a detailed roadmap to be drawn up in 2020 to reach the overall target of 50% climate lending by 2025, as well as guarantees regarding the climate neutrality of the remaining loans, following an open and transparent public consultation procesthe EIB to extensively inform stakeholders and the wider audience on the manner in which the EIB intends to reach the overall target of 50% climate lending by 2025, as well as how the EIB will fully take on board the climate considerations of the remaining loans;
Amendment 78 #
2019/2126(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for a strengtheningthe thorough application of the eligibility criteria for climate action in order to avert the risk of investments not resulting in significant reductions in greenhouse gases (GHG), in particular with regard to bioenergy, low-carbon gases, carbon capture and storage and compensation programmes; considers that a general anti-abuse provision should support all EIB operations and be included in its declaration on environmental and social standards, which needs to be reviewed in 2020 and aligned with the 1.5°C global warming objective;
Amendment 81 #
2019/2126(INI)
Motion for a resolution
Paragraph 10
Paragraph 10
Amendment 89 #
2019/2126(INI)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Is of the opinion that the EIB should requirsupport and stimulate its intermediary clients to disclose their exposure to fossil fuels, and should apply restrictions to heavily exposed intermediaries; expects that, by the end of 2020, all intermediaries will have a decarbonisation plan, which is indispensable for their financing to continueevelop products that e.g. incentivise energy efficiency, renewable energy investments or circular, low carbon investments; believes the EIB should continue “greening” its SME portfolio e.g. earmarking higher shares to climate related projects;
Amendment 97 #
2019/2126(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is of the opinion that, in line with best practices in the commercial banking sector3 ,Welcomes the fact that EIB financing ishould be subject to ambitious scientific objectives and commitments, with a view to phasing out its support to clients whose activities lead to significant GHG emissions; _________________ 3 Crédit Agricole has undertaken to end support for undertakings which develop or plan to develop their activities in the coal sector. Crédit Agricole’s zero tolerance policy applies to all enterprises which develop or plan to develop their activities in the coal sector, ranging from extraction and energy production, to trade and transport.
Amendment 103 #
2019/2126(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the new EIB energy lending policy and the example it sets for other banks; regretwelcomes that exceptions are applicable to the approval of gas projects until the end of 2021 and that support for gas projects planned for the transport of low-carbon gases is set to continue; calls for this policy to be reviewed in the medium term (by the start of 2022) to close the gaps in gas infrastructure to bring it in line with the European Sustainable Finance Taxonomy and the European Green Pact, and to be consistent with the development of appropriate new external actions in the EU;
Amendment 107 #
2019/2126(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Insists that the EIB urgently and fully implement the principle of energy efficiency in all its energy lending, taking into account the impact of energy efficiency on future demand and its contribution to energy security;
Amendment 111 #
2019/2126(INI)
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on the EIB to make theLooks forward to the EIB's review of its transport policy a key priorityto be announced later this year; calls for a new transport financing policy to decarbonise the EU transport sector by 2050;
Amendment 118 #
2019/2126(INI)
Motion for a resolution
Paragraph 18
Paragraph 18
18. Reminds the EIB that biodiversity protection is a key element of adaptation to climate change and that the restoration of ecosystems is the only proven technology when it comes to negative emissions; calls on the EIB to commit to ending the financing of projects which contribute to the loss and degradation of biodiversity and ecosystems, and to increase substantially its fundingsystematically integrate biodiversity externalities into its economic appraisal and to substantially increase its commitment to achieve the EU’s objectives in this area, in particular the objective of zero net deforestation and the objectives of marine and coastal protection;
Amendment 159 #
2019/2126(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the EIB, the largest multilateral lender in the world, to maintain its leading role in future EU financing mechanisms for third countries; opposnotes the recent initiatives to encourage the EIB to be more active in defence and security, migration management and border control;
Amendment 171 #
2019/2126(INI)
Motion for a resolution
Paragraph 26
Paragraph 26
Amendment 176 #
2019/2126(INI)
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26 a. Welcomes the EIB's strong dedication to restrict its financing to projects that respect human rights; strongly supports the EIB's commitments in its Environmental and Social Framework not to tolerate any reprisals, threats, intimidation, harassment, or violence against any human rights defenders, environmental activists or indigenous people advocates voicing their opinion regarding a project financed by the EIB;
Amendment 187 #
2019/2126(INI)
Motion for a resolution
Paragraph 29
Paragraph 29
29. Welcomes the fact that, as recommended in the latest Parliament reports, public summaries are now to be made of Management Board meetings; stresses the need to publish the content of meetings of all the and of the EFSI operation scoreboard for projects supported by the EFSI guarantee, understands however that certain limits apply with regard to document transparency to ensure protection of confidential information provided by EIB’'s governing bodies systematicallyclients and project partners;
Amendment 220 #
2019/2126(INI)
Motion for a resolution
Paragraph 39
Paragraph 39
Amendment 48 #
2019/2028(BUD)
Motion for a resolution
Paragraph 11
Paragraph 11
11. Points out that Horizon 2020 provides very strong European added value and makes a vital contribution to the development of green technology and climate- and environment-friendly innovation, so as to lay the foundations for a decarbonised future; stresses, moreover, the importance of the programme for other significant areas of European research such as digitalisation and cancer research; significantly increases, therefore, the allocation of Horizon 2020 over the level of the DB by EUR 737,8 million in commitment appropriations; furthermore, in accordance with Article 15(3) of the Financial Regulation, makes available the entire amount of EUR 280,7 million in commitment appropriations de-committed in 2018 as a result of non-implementation of research projects, for the budget lines of Horizon 2020 that are most relevant to climate-related research projects;
Amendment 59 #
2019/2028(BUD)
Motion for a resolution
Paragraph 12
Paragraph 12
12. Highlights the crucial role of the Connecting Europe Facility (CEF) in fostering the strategic development of a high- performance trans-European network that is sustainable and interconnected across the areas of transport, energy and ICT infrastructure and significantly contributes to the transition towards a climate-neutral society; proposes therefore to increase the funding for CEF-Transport and CEF- Energy by a total amount of EUR 545 million in commitment appropriations above DB levels;
Amendment 87 #
2019/2028(BUD)
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19 a. Stresses the importance of support measures to enhance the role of farmers in the supply chain, as well as ways of encouraging farmer organisations; restores therefore the allocations for producer organisations in the fruit and vegetable sector made in the DB;
Amendment 228 #
2018/0063A(COD)
Proposal for a directive
Recital 11 a (new)
Recital 11 a (new)
(11a) A non-performing credit agreement is an exposure that shall be classified as non-performing according to Article 47a of the Regulation (EU) No2019/630 of 17 April 2019 amending Regulation (EU) No 575/2013 as regards minimum loss coverage for non- performing exposures.