4 Amendments of Enrique GUERRERO SALOM related to 2016/0274(COD)
Amendment 4 #
Proposal for a regulation
Recital 4
Recital 4
(4) The amount of the Guarantee Fund in surplus exceeding 10% of the Union's total outstanding capital liabilities should be paid back to the general budget of the Union in order to better protect the budget against potential additional risk of default of the EIB financing operations addressing root causes of migrationmigratory pressures stemming from poverty, underdevelopment, inequality, demographic growth, lack of employment and economic opportunities as well as from climate change.
Amendment 10 #
Proposal for a regulation
Recital 5
Recital 5
(5) The financial management of the Guarantee Fund should be transferred from the EIB to the Commission, which has an established practice of managing similar investments. By taking over the asset management of the Guarantee Fund, the Commission should be able to further streamline and consolidate its asset management activities, building on existing structures and a good track record.
Amendment 18 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EC, Euratom) No 480/2009
Article 8 – paragraph 1
Article 8 – paragraph 1
By 31 March of each year, the Commission shall submit to the European Parliament, to the Council and to the Court of Auditors, in the context of the financial statements of the Commission, all the required information on the situation of the Guarantee Fund.
Amendment 19 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Regulation (EC, Euratom) No 480/2009
Article 8 – paragraph 2
Article 8 – paragraph 2
In addition, it shall, by 31 May of each year, submit to the European Parliament, to the Council and to the Court of Auditors an annual report on the management of the Guarantee Fund in the previous calendar year. The annual report shall contain the presentation of the financial position of the Guarantee Fund at the end of the previous calendar year, the financial flows during the previous calendar year as well as the significant transactions and any relevant information on the financial accounts. The report shall also include information about the financial management and performance and the risk of the Guarantee Fund at the end of the previous calendar year. Finally, it shall include an assessment of the adequacy of the 9% target and of the 10% threshold/ceiling, and of the asset management of the Guarantee Fund performed by the Commission.