Activities of Bruno GONÇALVES
Plenary speeches (14)
State of the Energy union (debate)
War in the Gaza Strip and the situation in the Middle-East (debate)
The historic CJEU ruling on the Apple state aid case and its consequences (debate)
Escalation of violence in the Middle East and the situation in Lebanon (debate)
Topical debate (Rule 169) - Taxing the super-rich to end poverty and reduce inequalities: EU support to the G20 Presidency’s proposal (topical debate)
Findings of the Committee on the Elimination of Discrimination against Women on Poland's abortion law (debate)
Findings of the Committee on the Elimination of Discrimination against Women on Poland's abortion law (debate)
Closing the EU skills gap: supporting people in the digital and green transitions to ensure inclusive growth and competitiveness in line with the Draghi report (debate)
Abuse of new technologies to manipulate and radicalise young people through hate speech and antidemocratic discourse (debate)
The outcome of the G20 Leaders' Summit (debate)
Rise of energy prices and fighting energy poverty (debate)
Promoting a favourable framework for venture capital financing and safe foreign direct investments in the EU (debate)
Misinformation and disinformation on social media platforms, such as TikTok, and related risks to the integrity of elections in Europe (debate)
Human rights situation in Kyrgyzstan, in particular the case of Temirlan Sultanbekov
Written explanations (2)
Situation in Venezuela
Votei favoravelmente a alteração sobre o reconhecimento de Edmundo González como vencedor das eleições venezuelanas e próximo presidente, mas não votei a favor do apelo aos Estados para que o reconheçam imediatamente. Entendo que, até ao dia de tomada de posse do novo presidente, a UE e os Estados-membros devem ser (a par de outros) agentes negociadores para que a democracia prevaleça e o atual regime aceite os resultados eleitorais.
Election of the Commission
Decidi não acompanhar a maioria de apoio parlamentar à Comissão Europeia. Primeiro, pela integração de um Vice-Presidente do grupo ECR, cujo compromisso com a construção europeia é, no mínimo, questionável. O limite da União deve ser a negociação com aqueles que a querem minar. Segundo, apesar de compreender a importância em garantir a entrada em funções deste colégio, considero que a previsibilidade não pode ser priorizada acima do escrutínio democrático. Terceiro, porque não identifico uma ambição suficientemente convincente, em particular como resposta aos desenvolvimentos geopolíticos no horizonte do próximo mandato. Em respeito pela minha convicção europeísta e pelo legado do Partido Socialista, que aqui represento, pretendo que esta abstenção sinalize os descontentamentos acima referidos, mas também abertura para trabalhar e negociar de forma construtiva com o objetivo de servir as pessoas.
Written questions (2)
Serious violations of the human rights of people in northern Mozambique by the Mozambican military
Launch of European humanitarian corridors from Lebanon to the EU
Amendments (76)
Amendment 1 #
2024/2055(INI)
Motion for a resolution
Citation 8 a (new)
Citation 8 a (new)
– having regard to its resolution of 25 March 2021 on strengthening the international role of the euro,
Amendment 2 #
2024/2055(INI)
Motion for a resolution
Citation 8 b (new)
Citation 8 b (new)
– having regard to the ECB recommendation of 15 December 2020 on dividend distributions during the COVID- 19 pandemic,
Amendment 3 #
2024/2055(INI)
Motion for a resolution
Citation 19 a (new)
Citation 19 a (new)
– having regard to the standards of the Basel Committee on Banking Supervision on the prudential treatment of cryptoasset exposures, of 16 December 2022,
Amendment 6 #
2024/2055(INI)
Motion for a resolution
Citation 24 a (new)
Citation 24 a (new)
– having regard to the ECB Occasional Paper Series 'The Road to Paris: stress testing the transition towards a net-zero economy',
Amendment 7 #
2024/2055(INI)
Motion for a resolution
Citation 29 a (new)
Citation 29 a (new)
– having regard to the Eurogroup statement of 16 June 2022 on the future of the Banking Union,
Amendment 9 #
2024/2055(INI)
Motion for a resolution
Recital A
Recital A
A. whereas the Banking Union (BU) encompasses the Single Supervisory Mechanism, the Single Resolution Mechanism and high minimum standards in the area of deposit insurancethe European Deposit and Insurance Scheme (EDIS); whereas, despite its Committee on Economic and Monetary Affairs adopted a report on the Commission’s proposal to establish a European deposit insurance scheme in April 2024, the Banking Union remains incomplete; whereas the creation of an EDIS is not only a requirement for the completion of the BU but also crucial for the mitigation of the risk exposure of the financial sector;
Amendment 15 #
2024/2055(INI)
Motion for a resolution
Recital A a (new)
Recital A a (new)
A a. whereas the EU should ensure timely, full and faithful implementation of Basel III standards;
Amendment 17 #
2024/2055(INI)
Motion for a resolution
Recital B
Recital B
B. whereas a completed BU would improve the competfully developed BU would be a positive development for citivzeness and stability of the banking sector and consumer choice, and facilitate access to financingthe EU economy, providing the basis for a more stable banking system, reduction of systemic risk, enhanced competition, improved consumer choice and protection, increased opportunities for cross-border banking and access to retail financial services, greater economic investment, better access to funding for households and businesses, and lower costs for banks’ customers, while ensuring that public funds are not used to bail out the banking sector; whereas the 'too big to fail' risk has not yet been fully addressed;
Amendment 28 #
2024/2055(INI)
Motion for a resolution
Recital D
Recital D
D. whereas a strong banking sector is key to delivering economic growth, increasing the possibility of homeownership, fostering investment and job creation, financing small and medium- sized enterprises (SMEs) and start-ups and ensuring the transition to a green and digital economy;
Amendment 36 #
2024/2055(INI)
Motion for a resolution
Recital E
Recital E
E. whereas in April 2024, it adopted its position on the review of the crisis management and deposit insurance framework; whereas the CMDI should not be considered as a replacement for an EDIS;
Amendment 37 #
2024/2055(INI)
Motion for a resolution
Recital F
Recital F
Amendment 39 #
2024/2055(INI)
Motion for a resolution
Recital F a (new)
Recital F a (new)
F a. whereas consumers of banking services should be better protected by granting them access to transparent fee structures, fair lending practices, and enhanced customer data protection;
Amendment 41 #
2024/2055(INI)
Motion for a resolution
Recital F b (new)
Recital F b (new)
F b. whereas the completion of the Capital Markets Union (CMU) requires the establishment of common rules and effective tools to reduce internal market fragmentation and facilitate access to alternative financing;
Amendment 42 #
2024/2055(INI)
Motion for a resolution
Recital F c (new)
Recital F c (new)
F c. whereas financial institutions rely increasingly on the use of information and communications technology (ICT); whereas the EU banking sector must increase its cyber resilience to ensure that ICT systems can withstand various types of cyber security threats;
Amendment 43 #
2024/2055(INI)
Motion for a resolution
Recital F d (new)
Recital F d (new)
F d. whereas the digitalisation of finance provides important opportunities for the banking sector and has brought about important technological advances in the EU banking sector through increased efficiency in the provision of banking services and a greater appetite for innovation; whereas it also poses challenges, including with regard to data protection, reputational risks, anti-money laundering (AML), and consumer protection concerns;
Amendment 44 #
2024/2055(INI)
Motion for a resolution
Recital F e (new)
Recital F e (new)
F e. whereas interest rate hikes have had a negative impact on the borrowing capacity of households and the capacity of borrowers to repay debt and make EU banks vulnerable to potential losses in the future; whereas risks stemming from interest rate hikes have been so far properly addressed;
Amendment 45 #
2024/2055(INI)
Motion for a resolution
Recital F f (new)
Recital F f (new)
F f. whereas EU banks have withstood the impact of Russian aggression; whereas they play a pivotal role in ensuring the ongoing implementation of and compliance with the sanctions imposed by the EU against Russia in response to the invasion; whereas further coordination is needed to avoid circumvention of sanctions;
Amendment 46 #
2024/2055(INI)
Motion for a resolution
Recital F g (new)
Recital F g (new)
F g. whereas climate change, environmental degradation and the transition to a low-carbon economy are factors to be taken into account when assessing the sustainability of banks’ balance sheets, as a source of risk potentially impacting investments across regions and sectors;
Amendment 47 #
2024/2055(INI)
Motion for a resolution
Recital F h (new)
Recital F h (new)
F h. whereas the EU and the UK have signed a Memorandum of Understanding on Financial Services Regulatory Cooperation, and this cooperative approach should underpin long-term EU- UK relations particularly in the area of banking; whereas the Commission has again extended its temporary permit allowing EU banks and fund managers to use UK clearing houses;
Amendment 49 #
2024/2055(INI)
Motion for a resolution
Paragraph 1
Paragraph 1
1. Asks the Commission to ensure that the completion of BUthe BU and the Capital Markets Union remains a key priorityies; highlights that bothis projects offers households and SMEs access to broader funding, increases financial stability, reduces the impact of economic downturns, funds the transition to a green and digital economy and unlocks the EU’s growth potential;
Amendment 57 #
2024/2055(INI)
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Calls on the Commission to create a database at EU level to foster access to information and coordination among sanctions enforcement authorities in Members States and help close gaps in targeted sanctions implementation; highlights AMLA’s role in supporting sanctions implementation and in detecting risks of sanctions evasion;
Amendment 70 #
2024/2055(INI)
Motion for a resolution
Paragraph 3
Paragraph 3
Amendment 86 #
2024/2055(INI)
Motion for a resolution
Paragraph 4
Paragraph 4
4. Acknowledges that EU banks still operating in Russia have downsized their activity; calls on supervisory institutions to further assisensure that those banks in pushing ahead with exiting the Russian market;
Amendment 89 #
2024/2055(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
Amendment 101 #
2024/2055(INI)
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Encourages the use of profits to build buffers, thus safeguarding the stability of the financial system; notes that the temporary suspension of dividend distribution and share buyback was effective in safeguarding banks’ resilience during the COVID-19 crisis; calls for the introduction of a binding limitation of dividend distribution and buyback in times of crisis;
Amendment 106 #
2024/2055(INI)
Motion for a resolution
Paragraph 5 b (new)
Paragraph 5 b (new)
5 b. Restates the importance of a European safe asset in the euro area as a way to help stabilise financial markets and allow banks to reduce the exposure of their balance sheets to national sovereign debt; considers that NextGeneration EU provides high-quality, low-risk European assets, allowing for a rebalancing of sovereign bonds on banks’ balance sheets; highlights the importance of preserving the availability of safe assets in a permanent manner;
Amendment 109 #
2024/2055(INI)
Motion for a resolution
Paragraph 5 c (new)
Paragraph 5 c (new)
5 c. Recalls that the IMF's World Financial Stability Report published in October 2024 identifies the non-bank financial sector as a potential source of risk, citing its interconnections, the possible mismatch of liquidity, and the lack of transparency;
Amendment 110 #
2024/2055(INI)
Motion for a resolution
Paragraph 5 d (new)
Paragraph 5 d (new)
5 d. Highlights the role of the banking sector in supporting the transition to a digitalised and carbon neutral economy, in channelling funds to renewable energy sources and in supporting the achievement of the objectives of the EU Green Deal and the EU Climate Law; takes note of EU banks continuing to reduce their exposure to energy intensive and fossil fuel corporates; notes that fossil fuels are the main contributor to accelerating climate change, and that many fossil fuel assets will need to be abandoned before the end of their economic life, losing all of their value and becoming stranded assets;
Amendment 111 #
2024/2055(INI)
Motion for a resolution
Paragraph 5 e (new)
Paragraph 5 e (new)
5 e. Regrets the failure of financial institutions to ensure gender-balance, especially in their management bodies; stresses that gender balance on boards and in the workforce brings both societal and economic returns; calls on financial institutions to regularly update their diversity and inclusion policies and to help foster healthy working cultures which prioritise inclusivity; calls on supervisory authorities to make use of their supervisory powers to address the lack of diversity and gender-balance in the management bodies of financial institutions;
Amendment 114 #
2024/2055(INI)
Motion for a resolution
Paragraph 6
Paragraph 6
6. Welcomes the adoption by co- legislators of the new banking package implementing Basel III standards in the EU; stresses that the Commission should evaluate thoroughly whether a delay in implementation is necessary to maintain the competitiveness of EU banks; welcomes, in this regard, the delegated act postponing the date of application of the new market risk framework by one year to 1 January 2026;
Amendment 140 #
2024/2055(INI)
Motion for a resolution
Paragraph 9
Paragraph 9
Amendment 172 #
2024/2055(INI)
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12 a. Notes that the ECB takes into account climate- and nature-related financial risks in its supervisory practices and monitors growing physical and transition risks closely; welcomes, among other things, the ECB’s second economy- wide climate stress test in September 2023; takes note of the conclusions of the ECB’s Occasional Paper Series No. 328 on ‘The Road to Paris: stress testing the transition towards a net-zero economy’ as it claims that the best way to achieve a net-zero economy for firms, households and banks in the euro area is to accelerate the green transition to a rate that is faster than under current policies;
Amendment 176 #
2024/2055(INI)
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12 b. Acknowledges the progresses made over the last 10 years through the establishment of the Single Supervisory Mechanism (SSM) and Single Resolution Mechanism (SRM); calls for the total completion of the Banking Union, particularly through the setting up of a fully-fledged European Deposit Insurance Scheme (EDIS);
Amendment 182 #
2024/2055(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the objective of the proposal on crisis management and deposit insurance of ensuring a more consistent approach across all Member States to the application of resolution tools and deposit protection to enhance financial stability, taxpayer protection and depositor confidence; notes that small banks do not pose any risks to financial , as well as for the mitigation of any measures which could create excessive moral hazard; highlights that financial stability is best ensured when small and medium-size banks having a positive public interest assessment are given access to EU-level resolution; recalls that the proposed CMDI framework must not be preclude the estabilityshment of an EDIS;
Amendment 189 #
2024/2055(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
14. Highlights the importance of preserving shareholders’ and creditors’ primary responsibility for bearing losses in the event of a bank’s failure, which is still a key lesson learned from the global financial crisis; stresses that the bail-in of shareholders and creditors must remain the main source for resolution financing before any recourse is made to industry-funded sources;
Amendment 195 #
2024/2055(INI)
Motion for a resolution
Paragraph 15
Paragraph 15
15. Recalls that a sufficient minimum requirement for own funds and eligible liabilities is crucial for a credible resolution framework and for ensuring that resolution authorities have sufficient flexibility to effectively apply the resolution strategies needed in a specific crisis situation; warns that reductions in this minimum requirement, resulting from specific resolution strategies in the resolution planning phase, could hamper the resolvability of banks;
Amendment 209 #
2024/2055(INI)
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Recalls that banks need to continue to meet their obligations and perform their key functions after the implementation of a resolution decision; is concerned that banks might face liquidity stress in resolution immediately after regaining market access; calls for the EU institutions to agree on a solution that provides confidence and enhances predictability;
Amendment 228 #
2024/2055(INI)
Motion for a resolution
Paragraph 21
Paragraph 21
21. Underlines the fact that the Commission’s proposal to establish a European deposit insurance scheme was published back in 2015, and that the landscape has changed significantly since the; supports the position reached in the ECON Committee in April 2024 regarding EDIS; highlights the need for a fully fledged EDIS with risk-based contributions that enables loss absorption;
Amendment 239 #
2024/2055(INI)
Motion for a resolution
Paragraph 22
Paragraph 22
Amendment 248 #
2024/2055(INI)
Motion for a resolution
Paragraph 23
Paragraph 23
Amendment 255 #
2024/2055(INI)
Motion for a resolution
Paragraph 24
Paragraph 24
Amendment 258 #
2024/2055(INI)
Motion for a resolution
Paragraph 25
Paragraph 25
Amendment 17 #
2024/2054(INI)
Motion for a resolution
Recital F
Recital F
Amendment 62 #
2024/2054(INI)
Motion for a resolution
Paragraph 5
Paragraph 5
5. Regrets that inflation levels remain above the ECB’s target of 2 % in some Member States; emphasisCommends the ECB for bringing inflation in line with its target; emphasises the downsides of high interest rates, particularly its restrictive effects on disposable income; notes that inflation diminishes the purchasing power of fixed incomes, savings and pensions and that it distorts the signalling function of prices that ensures an efficient allocation of resources;
Amendment 82 #
2024/2054(INI)
Motion for a resolution
Paragraph 7
Paragraph 7
7. Warns the ECB against the temptation to lower interest rates too quickslowly, given the risk that inflation levels could start increasing againnegative impact on the borrowing capacity of households and the capacity of borrowers to repay debt, particularly related to housing loans, but also the lower growth prospects for the euro area; stresses that the ECB itselfonly expectsed a temporary increase in inflation levels in the last quarter of 2024 as previous sharp falls in energy prices drop out of the annual rates;
Amendment 94 #
2024/2054(INI)
Motion for a resolution
Paragraph 8
Paragraph 8
8. Recalls that the Economic and Monetary Union requires solid fiscal policies in the Member States in order to be able to respond to external shocksa permanent fiscal capacity in order to become an optimal currency area; notes the importance of public investment and solid fiscal policies in the Member States in order to be able to respond to external shocks; welcomes President Lagarde’s statement that the current geopolitical crisis requires us to progress on EU fiscal integration;
Amendment 132 #
2024/2054(INI)
Motion for a resolution
Paragraph 13
Paragraph 13
Amendment 138 #
2024/2054(INI)
Motion for a resolution
Paragraph 14
Paragraph 14
Amendment 164 #
2024/2054(INI)
Motion for a resolution
Paragraph 17
Paragraph 17
Amendment 246 #
2024/2054(INI)
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Deeply regrets that the ECB remains an exception among central banks by not incorporating the pursuit of full employment in its primary mandate; urges the review thereof, in order to ensure that monetary policy is socially- balanced;
Amendment 282 #
2024/2054(INI)
Motion for a resolution
Paragraph 28 a (new)
Paragraph 28 a (new)
28 a. Notes the record profits in Euro Area's banking sector, resulting from the higher interest rate environment; encourages the use of these profits to build buffers, thus safeguarding the stability of the financial system; notes that the temporary suspension of dividend distribution and share buy back was effective in safeguarding banks’ resilience during the COVID-19 crisis; calls for the introduction of a binding limitation of dividend distribution and buy back in times of crisis;
Amendment 37 #
2024/0017(COD)
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8 a) As referred to in the European Commission's Guidance to the Member States concerning foreign direct investment and free movement of capital from third countries4a , in the early phases of the Covid-19 crisis, economic shocks have an increased risk to EU strategic assets, and may lead to a loss of critical assets and technology. Therefore, responses in crisis situations should therefore provide proper weight and caution to the potential loss of critical assets. _________________ 4a https://eur-lex.europa.eu/legal- content/EN/TXT/?uri=CELEX:52020XC0 326(03)
Amendment 43 #
2024/0017(COD)
Proposal for a regulation
Recital 10
Recital 10
(10) Regulation (EU) 2019/452 only covers FDIs made from third countries into the Union. However, it is also necessary to extend the scope of the cooperation mechanism to investments made between Member States, where the investor in one Member State is controlled, directly or indirectly, by a foreign entity regardless of whether the ultimate owner is located in the Union or elsewhere. In particular, this extended scope is appropriate to ensure that any investment creating a lasting link between the foreign investor and the Union target, whether it is carried out directly by a foreign investor or through an entity established in the Union and controlled by a foreign investor, is consistently captured and assessed. This should foster the consistency and predictability of screening rules across Member States, which in turn will reduce compliance costs for foreign investors and limit incentives to target an investment in Member States where such transactions are out of scope.
Amendment 45 #
2024/0017(COD)
Proposal for a regulation
Recital 11
Recital 11
(11) Investments in Union targets carried out by foreign investors, including investments executed through a controlled entity in the Union, may present specific risks to security and public order in the Union and its Member States. Such investor-related risks should not be present and therefore do not need to be addressed in an investment that only involves entities where no ownership, control, connection to or influence from foreign investors is present, including when a foreign investor participates in the Union entity without a controlling stake. Avoiding any divergence in the rules applicable to the treatment of foreign investments, regardless of whether they are made from outside the Union directly or through an entity already established in the Union, is necessary to ensure a coherent investment screening framework and the Union control mechanism. This framework reflects the importance of protecting security and public order and is exclusively targeted at risks that may arise from investments involving foreign entities. Therefore, Member States should ensure at least the screening of those foreign investments, which relate to projects or programmes of Union interest or, where the Union target is active in areas, where a foreign investment may affect security or public order in more than one Member State, or where the transaction involves a foreign investor linked either to a country identified in the list of non-cooperative jurisdictions for tax purposes or to a sanctioned country. Member States should also be able to screen other foreign investments. When they do so, such screening should also comply with the provisions of this Regulation. Transactions with no foreign investor involvement or in which the level of involvement does not lead to the direct or indirect control of the Union entity are not covered by this Regulation.
Amendment 49 #
2024/0017(COD)
Proposal for a regulation
Recital 16
Recital 16
(16) Foreign investments that create or maintain lasting and direct links between investors from third countries (including state bodies) and Union targets carrying out an economic activity in a Member State should fall within the scope of this Regulation. This should apply where those investments are directly carried out from third countries or by a Union entity with foreign control, including all situations in which control is acquired as set out in the Merger Regulation. However, the framework should not cover the acquisition of company securities intended purely for financial investment without any intention there there is no influence the management and control of the undertaking (portfolio investments). Restructuring operations within a group of companies or a merger of more than one legal entities into a single legal entity do not constitute a foreign investment, provided that there is no increase in the shares held by foreign investors, or the transaction does not result in additional rights that may lead to a change in the effective participation of one or more foreign investors in the management or control of a Union target.
Amendment 53 #
2024/0017(COD)
Proposal for a regulation
Recital 17
Recital 17
(17) Greenfield foreign investments occur where the foreign investor or a foreign investor’s subsidiary in the Union sets up new facilities or a new undertaking in the Union. Greenfield foreign investments should fall within the scope of this Regulation to the extent they are considered relevant by a Member State for the purpose of the screening of foreign investments because they create lasting and direct links between a foreign investor and such facilities or such undertakings. In addition, by setting up new facilities, a foreign investor can impact on security and public order, including when that risk concerns essential economic inputs. Member States are therefore encouraged to include greenfield foreign investments in the scope of transactions covered by their screening mechanisms, in particular when such investments occur in sectors relevant to their security or public order or when they present characteristics such as size or essential nature to be relevant to their security or public order.
Amendment 56 #
2024/0017(COD)
Proposal for a regulation
Recital 20 a (new)
Recital 20 a (new)
(20 a) In order to provide further clarity and safeguards against vulnerabilities to security or public order, in the case the transaction involves a foreign investor linked to a third country currently deemed, under the scope of the Anti- Coercion Instrument, to seek either preventing or obtaining the cessation, modification or adoption of a particular act by the Union or a Member State, thereby interfering in the legitimate choices of the Union or a Member State, a determination of negative impact on security and public order shall be automatically applicable by the screening Member State.
Amendment 65 #
2024/0017(COD)
Proposal for a regulation
Recital 30
Recital 30
(30) To ensure that the cooperation is based on complete and accurate information, a foreign investor or an undertaking should provide any relevant information requested by the Member State where they are established or the Member State where the foreign investment is planned or completed. In exceptional circumstances, when, despite its best efforts, a Member State is unable to obtain an information requested by another Member State or the Commission, it should notify them without delay. In such a case, any comment issued by another Member State, or any opinion issued by the Commission as part of the cooperation mechanism should be based on the information available to them.
Amendment 75 #
2024/0017(COD)
Proposal for a regulation
Recital 44
Recital 44
(44) The Commission should evaluate the functioning and effectiveness of this Regulation 52 years after the date of application of this Regulation and every 52 years after that and present a report to the European Parliament and to the Council. That report should include an assessment of whether or not this Regulation should be amended, including the introduction of binding criteria leading to an automatic determination of negative impact on security and public order, and the establishment of conditions under which the Commission can directly suspend or block a foreign investment. Where the report proposes amending this Regulation, it may be accompanied by a legislative proposal.
Amendment 84 #
2024/0017(COD)
Proposal for a regulation
Article 1 – paragraph 3
Article 1 – paragraph 3
3. Member States may adopt or maintain in force national provisions in fields not coordinated by this Regulation, as long as their content does not restrict the scope of this Regulation.
Amendment 86 #
2024/0017(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 2
Article 2 – paragraph 1 – point 2
(2) ‘foreign direct investment’ means an investment of any kind by a foreign investor aiming to establish or to maintain lasting and direct links between the foreign investor and an existing or to be established Union target, and to which target the foreign investor makes capital available in order to carry out an economic activity in a Member State;
Amendment 88 #
2024/0017(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3
Article 2 – paragraph 1 – point 3
(3) ‘investment within the Union with foreign control’ means an investment of any kind carried out by a foreign investor through the foreign investor’s subsidiary in the Union, that aims to establish or to maintain lasting and direct links between the foreign investor and a Union target that exists or is to be established, and to which target the foreign investor makes capital available in order to carry out an economic activity in a Member State and, in any case, covers all situations in which control is acquired over the foreign investor's subsidiary as set out in Council Regulation (EC) No 139/2004, Article 3, paragraph 2;
Amendment 89 #
2024/0017(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 3 a (new)
Article 2 – paragraph 1 – point 3 a (new)
(3 a) ‘control’ means a situation as set out in Council Regulation (EC) No 139/2004, Article 3, paragraph 2;
Amendment 94 #
2024/0017(COD)
Proposal for a regulation
Article 2 – paragraph 1 – point 11 a (new)
Article 2 – paragraph 1 – point 11 a (new)
(11 a) 'sanctioned country' means a jurisdiction currently being sanctioned by the Union as a whole, or individually by the Member State conducting the screening process;
Amendment 113 #
2024/0017(COD)
Proposal for a regulation
Article 4 – paragraph 4 – point b a (new)
Article 4 – paragraph 4 – point b a (new)
(b a) is subject to a transaction involving a foreign investor linked to a country identified in either Annex I or Annex II of the list of non-cooperative jurisdictions for tax purposes;
Amendment 114 #
2024/0017(COD)
Proposal for a regulation
Article 4 – paragraph 4 – point b b (new)
Article 4 – paragraph 4 – point b b (new)
(b b) is subject to a transaction involving a foreign investor linked to a sanctioned country, at the time of the transaction;
Amendment 118 #
2024/0017(COD)
Proposal for a regulation
Article 5 – paragraph 1 – point a
Article 5 – paragraph 1 – point a
(a) meets the conditions set out in Article 4(4) point (a), or Article 4(4) point (ba), or Article 4(4) point (bb); or
Amendment 147 #
2024/0017(COD)
Proposal for a regulation
Article 10 – paragraph 7
Article 10 – paragraph 7
Amendment 151 #
2024/0017(COD)
Proposal for a regulation
Article 13 – paragraph 3 – point c a (new)
Article 13 – paragraph 3 – point c a (new)
(c a) the capacity of a Member State or the Union to acquire or maintain equipment or systems that are necessary for defence purposes;
Amendment 152 #
2024/0017(COD)
Proposal for a regulation
Article 13 – paragraph 3 – point c b (new)
Article 13 – paragraph 3 – point c b (new)
(c b) the Union's strategic autonomy, considered via the total market share held by non-foreign investors of the specific sector;
Amendment 162 #
2024/0017(COD)
Proposal for a regulation
Article 13 – paragraph 4 a (new)
Article 13 – paragraph 4 a (new)
4 a. If the foreign investor is linked to a third country deemed, under the scope of Regulation 2023/2675, to seek either preventing or obtaining the cessation, modification or adoption of a particular act by the Union or a Member State, thereby interfering in the legitimate sovereign choices of the Union or a Member State, an automatic determination of negative impact on security and public order shall apply.
Amendment 171 #
2024/0017(COD)
Proposal for a regulation
Article 18 – paragraph 1
Article 18 – paragraph 1
1. The Commission shall evaluate the functioning and effectiveness of this Regulation 5two years after the date of application of this Regulation and every 5two years thereafter and present a report to the European Parliament and to the Council. Member States shall be involved in this exercise and, if necessary, provide the Commission with additional information for the preparation of that report. The evaluation shall, in particular but not exclusively, assess the establishment of criteria for:
Amendment 175 #
2024/0017(COD)
Proposal for a regulation
Article 18 – paragraph 1 – point i (new)
Article 18 – paragraph 1 – point i (new)
(i) the Commission to be formally empowered to directly suspend or block a foreign investment;
Amendment 176 #
2024/0017(COD)
Proposal for a regulation
Article 18 – paragraph 1 – point ii (new)
Article 18 – paragraph 1 – point ii (new)
(ii) an automatic determination of negative impact on security and public order;
Amendment 177 #
2024/0017(COD)
Proposal for a regulation
Article 18 – paragraph 1 – point iii (new)
Article 18 – paragraph 1 – point iii (new)
(iii) expanding the scope of this Regulation to safety and resilience of food and water supplies, including agricultural land;
Amendment 190 #
2024/0017(COD)
Proposal for a regulation
Annex I – point 8 a (new)
Annex I – point 8 a (new)
8 a. Critical Raw Materials Act Regulation (EU) 2024/1252 of the European Parliament and of the Council of 11 April 2024 establishing a framework for ensuring a secure and sustainable supply of critical raw materials and amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020 (OJ L, 2024/1252, 3.5.2024, ELI: http://data.europa.eu/eli/reg/2024/1252/oj )