1 Amendments of Eider GARDIAZABAL RUBIAL related to 2012/0336(COD)
Amendment 25 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
(3) The second subparagraph ofArticle 125(6) shall be replaced by the following: "6. If a European political foundation within the meaning of Regulation (EU) No [...] on the statute and funding of European political parties and European political foundations realises a surplus of income over expenditure at the end of a financial year in which it received an operating grant, the operating grant may, by derogation from the no-profit principle laid down in paragraph 4, be carried over to the two following years provided that it is used by 31 December of year n+2. For the purpose of verifying compliance with the no-profit principle, the own resources, aggregated in the annual operations of a European political foundation, which exceed the percentage of the eligible costs to be borne by the European political foundation as specified in Article [125(3) and paragraph 6 of Article 125 are deleted.(4)] of Regulation (EU) No [...], shall not be taken into account. The second subparagraph shall not apply if the financial reserves of a European political foundation exceed 100% of its average annual income."