11 Amendments of Younous OMARJEE related to 2016/0276(COD)
Amendment 17 #
Proposal for a regulation
Recital 2
Recital 2
(2) That positive momentum should be maintained and efforts need to be continued to bring investment back to its long-term sustainable trend. The mechanisms of the Investment Plan work and should beshould be readjusted and reinforced to continue the mobilisation of public-led and private investments in sectors important to Europe’s future and where market failures or sub-optimal investment situations remain.
Amendment 26 #
Proposal for a regulation
Recital 6
Recital 6
(6) The EFSI was established for an initial period of three years and with the aim of mobilising at least EUR 315 billion in investments. Given its success, the Commission is committhe fact that most of the investments reached the richest regions and countries enhanced efforts are needed to focus mainly on the less developed and transition regions and countries which are most affected toby the doubling of the EFSI, both in terms of duratinvestment gap and to better align the instrument with the Union’s core objectives of cohesion and financial capacitytegration. The legal extension covers the period of the current Multiannual Financial Framework and should provide a total of at least half a trillion euro investments by 2020. In order to enhance the firepower of the EFSI even further and reach the aim of doubling the investment target, Member States should also contribute as a matter of priority.
Amendment 32 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future job creation – including for the youth –, growth and competitiveness with support strategic investments with strengthened additionality and with high social, environmental, territorial and economic added value, contributing to achieving Union policy objectives, prioritizing the Union’s economic, social and territorial cohesion; particular attention shall be paid to the outermost, less developed and transition regions, urban and rural areas facing particular social, economic and financial constraints, areas affected by industrial transition, high unemployment rates, and regions which suffer from severe and permanent natural or demographic impairments, such as, the northernmost rengthened additionalitygions with very low population density and islands, cross border and mountain regions. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, tThe contribution of operations supported by the EFSI to achieving the Union’s ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or insustainable cross-border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
Amendment 64 #
Proposal for a regulation
Recital 14
Recital 14
Amendment 70 #
Proposal for a regulation
Recital 17
Recital 17
(17) The EIB and the EIF should ensure that the final beneficiaries, including SMEs, are informed of the existence of EFSI support, so as to enhance the visibility of the EU guarantee granted under Regulation (EU) 2015/1017the various EU support instruments that may be used alone or in combination with EFSI and provide assistance for choosing the most appropriate instrument or combination of instruments, so as to enhance the visibility of the EU support schemes.
Amendment 80 #
Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point b a (new)
Article 1 – paragraph 1 – point 1 – point b a (new)
Regulation (EU) No 2015/1017
Article 4 – paragraph 2 – point f - point v (new)
Article 4 – paragraph 2 – point f - point v (new)
(ba) in point (f), the following point (v) is added: ‘(v) detailed information regarding tax payments resulting from its investment and lending operations under the EFSI; detailed reporting requirements regarding accessibility and costs to SMEs; detailed reporting requirements regarding the impact of investments in regard to social, economic and territorial cohesion;
Amendment 93 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point d
Article 1 – paragraph 1 – point 4 – point d
Regulation (EU) No 2015/1017
Article 7 - paragraph 10 - subparagraph 2
Article 7 - paragraph 10 - subparagraph 2
Decisions approving the use of the EU guarantee shall be public and accessible, and include the rationale for the decision, with particular focus on compliance with the additionality criterion. The publication shall not contain commercially sensitive information and the relevance of the project with regard to public interest. The publication is to be made directly after the approval of the operation by the EIB Board of Directors. Exceptions with regard to commercially sensitive information may not prevent the disclosure of the overall amount of EFSI financing or of the total investment related to EFSI. In reaching its decision, the Investment Committee shall be supported by the documentation provided by the EIB.;
Amendment 132 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point a
Article 1 – paragraph 1 – point 10 – point a
Regulation (EU) No 2015/1017
Article 18 - paragraph 6
Article 18 - paragraph 6
6. By 30 June 2018 and 30 June 2020, the Commission shall submit to the European Parliament and the Council a report containing an independent evaluation of the application of this Regulation.;, which includes an assessment (a) whether the EFSI is achieving its objectives in particular concerning the additionality of projects and its impact on social, economic and territorial cohesion, sustainable and inclusive economic development and quality job creation and employment; (b) whether maintaining the scheme for supporting investment is still warranted or if a smooth termination of the EFSI, while preserving the EU guarantee for the operations already approved under this Regulation, is to be ensured.’
Amendment 136 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11
Article 1 – paragraph 1 – point 11
Regulation (EU) No 2015/1017
Article 19 - paragraph 1 a (new)
Article 19 - paragraph 1 a (new)
The EIB and EIF shall inform or shall oblige financial intermediaries to inform the final beneficiaries, including SMEs, of the existence of EFSI supportthe various EU support instruments that may be used alone or in combination with EFSI and provide assistance for choosing the most appropriate instrument or combination of instruments.;
Amendment 141 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1
Article 2 – paragraph 1 – point 1
Regulation (EU) No 1316/2013
Article 5 - paragraph 1
Article 5 - paragraph 1
Amendment 144 #
Proposal for a regulation
Annex II – point 1 – point a
Annex II – point 1 – point a
Regulation (EU) No 2015/1017
Annex II - section 2 - point b
Annex II - section 2 - point b
EFSI support to motorways shall be avoided, unless it is needed to support private investment in transport in cohesion countries or insustainable cross-border transport projects involving at least one cohesion country.;