[ParlTrack]

Bogdan Kazimierz MARCINKIEWICZ, Andrzej GRZYB

Proposal for a regulation
Article 2 – paragraph 2 – point d a (new)

(da) Difference between the number of newly established SMEs and those already existing

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 3 – paragraph 1 – point c

(c) To improve access to finance and financial instruments for SMEs in the form of equity and debt;

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 4 – paragraph 1

1. The financial envelope for implementing the Programme shall be EUR 2.522 billion, of which ~~approximately~~no less than EUR 1.4 billion shall be allocated to financial instruments.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 6 – paragraph 1

1. The Commission shall support actions to improve and strengthen the competitiveness and sustainability of Union enterprises, ~~particular~~especially SMEs, so as to enhance the effectiveness, coherence and consistency of national policies promoting competitiveness, sustainability and the growth of enterprises in Europe.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 7 – paragraph 1

1. The Commission shall contribute to promoting entrepreneurship by improving framework conditions affecting the development of entrepreneurship. The Commission shall support a business environment favourable to enterprise development and growth, with special attention paid to SMEs strategies and needs.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 14 – paragraph 1

1. Financial instruments under the Programme shall be operated with the aim of facilitating access to finance for ~~growth- oriented SME~~SMEs in their start-up and growth phases. The financial instruments shall include an equity facility and a loan guarantee facility.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 14 – paragraph 2

2. The financial instruments for ~~growth- oriented~~ SMEs may, where appropriate, be combined with other financial instruments established by Member States and their managing authorities in accordance with [Article 33(1)(a) of Regulation (EU) No XXX/201X [New Regulation on Structural Funds]], and grants funded from the Union, including under this Regulation.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 14 – paragraph 2 a (new)

2a. The equity and loan guarantee facilities may be complementary to the Member States' use of financial instruments for SMEs in the framework of cohesion policy.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 14 – paragraph 2 b (new)

2b. The equity and loan guarantee facilities may, where appropriate, allow pooling of financial resources with Member States and/or regions willing to contribute part of the Structural Funds allocated to them in accordance with [Article 33(1)(a) of the Structural Funds Regulation].

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 14 a (new)

Article 14a The Equity Facility for Growth 1. The equity facility of the Competitiveness and SME Programme, the Equity Facility for Growth (EFG), shall be implemented as a window of a single EU equity financial instrument supporting EU enterprises' growth and RDI from the early stage (including seed) to the growth stage and financially supported by the Horizon 2020 and this Programme, using instruments developed in interdependence. 2. The EFG shall focus on funds that provide venture capital and mezzanine finance, such as subordinated and participating loans, to expansion and growth-stage enterprises, in particular those operating across borders, while having the possibility to make investments in early stage enterprises in conjunction with the equity facility for RDI under Horizon 2020. In the latter case, the investment from EFG shall not exceed 20% of the total EU investment except in cases of multi-stage funds, where funding from EFG and the equity facility for RDI will be provided on a pro rata basis, based on the funds' investment policy. The EFG shall avoid buy-out or replacement capital intended for the dismantling of an acquired enterprise. The Commission may decide to amend the 20% threshold in light of changing market conditions. 3. Support shall be in the form of one of the following investments: (a) directly by the European Investment Fund (EIF) or other entities entrusted with the implementation on behalf of the Commission; or (b) by funds-of-funds or investment vehicles investing across borders established by the EIF or other entities entrusted with the implementation on behalf of the Commission together with private investors and/or national public financial institutions.

2012/07/05
Committee: ITRE

Andrzej GRZYB

Proposal for a regulation
Article 14 a (new)

Article 14a The Loan Guarantee Facility 1. The Loan Guarantee Facility (LGF) shall provide: (a) counter-guarantees and other risk sharing arrangements for guarantee schemes; (b) direct guarantees and other risk sharing arrangements for any other financial intermediaries meeting the eligibility criteria. 2. The LGF shall operate using the same mechanism as the SME demand driven window of the debt facility under Horizon 2020. It shall consist of: (a) debt financing via loans, including subordinated and participating loans, or leasing, which shall reduce the particular difficulties that SMEs face in accessing finance either due to their perceived high risk or their lack of sufficient available collateral; (b) securitisation of SME debt finance portfolios, shall mobilise additional debt financing for SMEs under appropriate risk-sharing arrangements with the targeted institutions. Support for those transactions shall be conditional upon an undertaking by the originating institutions to use a significant part of the resulting liquidity or the mobilised capital for new SME lending in a reasonable period of time. The amount of this new debt financing shall be calculated in relation to the amount of the guaranteed portfolio risk and shall be negotiated, together with the period of time, individually with each originating institution. (c) The LGF shall, except for loans in the securitised portfolio, cover loans up to EUR 1.000.000 and with a minimum maturity of 12 months. The LGF shall be designed in such way that it will be possible to report on the innovative SMEs supported, both in terms of number and volume of loans.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 17 – paragraph 2

2. TWith regard to financial instruments, the Commission shall be empowered to adopt delegated acts in accordance with Article 18 concerning changes to the details of the specific actions set out in Annex II to this Regulation if economic market developments so require or according to the results achieved by the Competitiveness and Innovation Framework Programme Loan Guarantee Facility (LGF) and the Risk Sharing Instrument (RSI) of the 7th Framework Programme for Risk Sharing Financial Facilityin the share of investment from EFG of the total EU investment in early stage venture capital funds and the composition of the securitised loan portfolios.

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 17 – paragraph 3

~~3. Where imperative grounds of urgency so require such as rapidly changing economic conditions, the procedure provided for in Article 19 shall apply to delegated acts adopted pursuant to this Article.~~deleted

2012/07/05
Committee: ITRE

Andrzej GRZYB, Bogdan Kazimierz MARCINKIEWICZ

Proposal for a regulation
Article 19

~~Article 19 Urgency procedure 1. D~~delegated acts adopted under this Article shall enter into force without delay and shall apply as long as no objection is expressed in accordance with paragraph 2. The notification of a delegated act to the European Parliament and to the Council shall state the reasons for the use of the urgency procedure. 2. Either the European Parliament or the Council may object to a delegated act in accordance with the procedure referred to in Article 18(5). In such a case, the Commission shall repeal the act without delay following the notification of the decision to object by the European Parliament or the Council.

2012/07/05
Committee: ITRE

Andrzej GRZYB

Proposal for a regulation
Annex II

Annex deleted

2012/07/05
Committee: ITRE

Andrzej GRZYB

Proposal for a regulation
Annex II – section 1

Section deleted

2012/07/05
Committee: ITRE

Andrzej GRZYB

Proposal for a regulation
Annex II – section 2

The Equity Facility for Growth (EFG) 1. The EFG shall focus on funds that provide venture capital and mezzanine finance, such as subordinated and participating loans, to expansion and growth-stage enterprises, in particular those operating across borders, while having the possibility to make investments in early stage enterprises in conjunction with the equity facility for RDI under Horizon 2020. In the latter case, the investment from EFG shall not exceed 20% of the total EU investment except in cases of multi-stage funds, where funding from EFG and the equity facility for RDI will be provided on a pro rata basis, based on the funds' investment policy. The EFG shall avoid buy-out or replacement capital intended for the dismantling of an acquired enterprise. The Commission may decide to amend the 20% threshold in light of changing market conditions. 2. Support shall be in the form of one of the following investments: (a) directly by the European Investment Fund (EIF) or other entities entrusted with the implementation on behalf of the Commission; or (b) by funds-of-funds or investment vehicles investing across borders established by the EIF or other entities entrusted with the implementation on behalf of the Commission together with private investors and/or national public financial institutions;deleted

2012/07/05
Committee: ITRE

Andrzej GRZYB

Proposal for a regulation
Annex II – section 3

The Loan Guarantee Facility (LGF) 1. The LGF shall be operated by the EIF or other entities entrusted with the implementation on behalf of the Commission. The facility shall provide: · counter-guarantees and other risk sharing arrangements for guarantee schemes; · direct guarantees and other risk sharing arrangements for any other financial intermediaries meeting the eligibility criteria. 2. The LGF shall consist of the following two actions: · the first action, debt financing via loans, including subordinated and participating loans, or leasing, shall reduce the particular difficulties that SMEs face in accessing finance either due to their perceived high risk or their lack of sufficient available collateral; · the second action, securitisation of SME debt finance portfolios, shall mobilise additional debt financing for SMEs under appropriate risk-sharing arrangements with the targeted institutions. Support for those transactions shall be conditional upon an undertaking by the originating institutions to use a significant part of the resulting liquidity or the mobilised capital for new SME lending in a reasonable period of time. The amount of this new debt financing shall be calculated in relation to the amount of the guaranteed portfolio risk and shall be negotiated, together with the period of time, individually with each originating institution. 3. The LGF shall, except for loans in the securitised portfolio, cover loans up to EUR 150.000 and with a minimum maturity of 12 months. The LGF shall be designed in such way that it will be possible to report on the innovative SMEs supported, both in terms of number and volume of loans.deleted

2012/07/05
Committee: ITRE

18 Amendments of Andrzej GRZYB related to 2011/0394(COD)

ParlTrack - 2011-2024