21 Amendments of Tamás DEUTSCH related to 2016/0276(COD)
Amendment 12 #
Proposal for a regulation
Citation 5 a (new)
Citation 5 a (new)
Having regard to the European Investment Bank’s (EIB) first report on "Evaluation of the functioning of the European Fund for Strategic Investments" released on 6 October 2016; Having regard to the European Court of Auditors’ (ECA) Opinion No 2/2016 on "EFSI: an early proposal to extend and expand" released on 11 November 2016;
Amendment 21 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4a) Articles 18(6) and 18(7) of the Regulation (EU) No 2015/1017 provide for a proposal to amend that Regulation to be made by 5 July 2018 and require that such a proposal should be supported by an independent evaluation on whether EFSI "is achieving its objectives and maintaining a scheme for supporting investment is warranted". This independent evaluation of the application of that Regulation carried out by external experts was released only after the Commission’s proposal on the extension of EFSI.
Amendment 30 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) Proposals aiming at extending the investment period after 2020 should be preceded by and based on independent evaluations, which analyse whether EFSI achieves its objectives, in particular regarding the additionality of projects as well as its impact on growth and employment.
Amendment 31 #
Proposal for a regulation
Recital 7 b (new)
Recital 7 b (new)
(7b) Proposals on the extension of the EFSI should not aim at replacing or reducing the budget of the European Structural and Investment Funds.
Amendment 39 #
Proposal for a regulation
Recital 10
Recital 10
(10) Due to their potential to increase the efficiency of the EFSI intervention, blending operations combining non- reimbursable forms of support and/or financial instruments from the Union budget, such as those available under the Connecting Europe Facility, and financing from EIB Group, including EIB financing under the EFSI, as well as other investors should be encouraged. Blending aims to enhance the value added of Union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable. The combined use of EFSI and ESIF can help attain a wider geographical coverage of EFSI; the way these funds are blended should be further developed and simplified.
Amendment 48 #
Proposal for a regulation
Recital 11
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions,The European Investment Bank’s (EIB) first report on "Evaluation of the functioning of the European Fund for Strategic Investments" released on 6 October 2016 highlights the need to address the geographical imbalance of EFSI support by measures such as enlarging the scope of the general objectives eligible for EFSI support should be enlargedand enhancing the role of the European Advisory Hub.
Amendment 54 #
Proposal for a regulation
Recital 11
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged, with special attention to agriculture.
Amendment 56 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) While EFSI and the European Structural and Investment Funds (ESIF) are in a way complementary, supporting strategic investments of European added value to achieve the Union policy objectives, it has to be reminded, that their scope, objectives, rationale, design as well as legal and regulatory framework are purposefully different;
Amendment 86 #
Proposal for a regulation
Recital 4 a (new)
Recital 4 a (new)
(4 a) Articles 18(6) and 18(7) of the Regulation (EU) No 2015/1017 provide for a proposal to amend that Regulation to be made by 5 July 2018 and require that such a proposal should be supported by an independent evaluation on whether EFSI "is achieving its objectives and maintaining a scheme for supporting investment is warranted". This independent evaluation of the application of that Regulation carried out by external experts was released only after the Commission's proposal on the extension of EFSI.
Amendment 106 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7 a) Proposals aiming at extending the investment period after 2020 should be preceded by and based on independent evaluations, which analyse whether EFSI achieves its objectives, in particular regarding the additionality of projects as well as its impact on growth and employment.
Amendment 107 #
Proposal for a regulation
Recital 7 b (new)
Recital 7 b (new)
(7 b) Proposals on the extension of the EFSI should not aim at replacing or reducing the budget of the European Structural and Investment Funds.
Amendment 118 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b – point i
Article 1 – paragraph 1 – point 9 – point b – point i
Regulation (EU) No 2015/1017
Article 14 – paragraph 2 - point c
Article 14 – paragraph 2 - point c
(c) leveraging regional and local knowledge to facilitate EFSI support across the Union and contributing where possible to the objective of sectorial and geographical diversification of the EFSI referred to in Section 8 of Annex II by supporting the EIB to originate operations;;
Amendment 124 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point c
Article 1 – paragraph 1 – point 9 – point c
Regulation (EU) No 2015/1017
Article 14 – paragraph 5
Article 14 – paragraph 5
5. In order to achieve the objective referred to in paragraph 1 and to facilitate the provision of advisory support at regional and local level, the EIAH shall seek to use the expertise of the EIB, the Commission, national promotional banks or institutions, and the managing authorities of the European Structural and Investment Funds.;
Amendment 152 #
Proposal for a regulation
Recital 10
Recital 10
(10) Due to their potential to increase the efficiency of the EFSI intervention, blending operations combining non- reimbursable forms of support and/or financial instruments from the Union budget, such as those available under the Connecting Europe Facility, and financing from EIB Group, including EIB financing under the EFSI, as well as other investors should be encouraged. Blending aims to enhance the value added of Union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable. The combined use of EFSI and ESIF can help attain a wider geographical coverage of EFSI. The way these funds are blended should be further developed and simplified.
Amendment 169 #
Proposal for a regulation
Recital 11
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged, with special attention to agriculture.
Amendment 172 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11 a) While EFSI and the European Structural and Investment Funds (ESIF) are in a way complementary, supporting strategic investments of European added value to achieve the Union policy objectives, it has to be reminded, that their scope, objectives, rationale, design as well as legal and regulatory framework are purposefully different.
Amendment 381 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Regulation (EU) No 2015/1017
Article 9 – paragraph 4
Article 9 – paragraph 4
Amendment 382 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d a (new)
Article 1 – paragraph 1 – point 5 – point d a (new)
Regulation (EU) No 2015/1017
Article 9 – paragraph 4
Article 9 – paragraph 4
(d) paragraph 4 is replaced by the following: ‘4. Any new investment period may be set in accordance with the procedure provided for in Article 18.proposal extending the investment period during which the EU guarantee may be granted shall be based, among others, on an independent evaluation as referred to in Article 18 (6) and (7).’;
Amendment 452 #
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 applicaas regards: (a) the assessment of the functioning of the EFSI, the use of the EU guarantee and the functioning of this Regulatione EIAH; (b) whether the EFSI consists of a good use of resources of the EU Budget, mobilizes a sufficient level of private capital, and crowds-in private investment.
Amendment 454 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point b
Article 1 – paragraph 1 – point 10 – point b
Regulation (EU) No 2015/1017
Article 18 – paragraph 7
Article 18 – paragraph 7
(b) paragraphs 7 and 8 are deleted. 7 is replaced by the following: ‘By 31 December 2019, the Commission shall submit to the European Parliament and the Council a report containing an independent evaluation of the application of this Regulation as regards: (a) whether the EFSI is achieving its objectives in particular concerning the additionality of projects and its impact on growth 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 455 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point b
Article 1 – paragraph 1 – point 10 – point b
Regulation (EU) No 2015/1017
Article 18 – paragraph 8
Article 18 – paragraph 8
(b) paragraphs 7 and 8 are 8 is deleted.;