European Parliament
2014-2019
Committee on Foreign Affairs
2016/0274(COD)
20.2.2017
AMENDMENTS
4-8
Draft opinion
Eduard Kukan
(PE595.733v01-00)
Guarantee Fund for external actions
Proposal for a regulation
(COM(2016)0582 – C8-0374/2016 – 2016/0274(COD))
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United in diversity
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Amendment 4
Heidi Hautala, Tamás Meszerics
on behalf of the Verts/ALE Group
Proposal for a regulation
Recital 2
Text proposed by the Commission
Amendment
(2)
The Guarantee Fund is endowed by
one annual payment from the general
budget of the Union, by interest on
Guarantee Fund resources invested and by
amounts recovered from defaulting
debtors.
(2)
The Guarantee Fund is endowed by
one annual payment from the general
budget of the Union which cannot go to
the detriment of existing activities under
heading IV, by interest on Guarantee Fund
resources invested and by amounts
recovered from defaulting debtors.
Or. en
Amendment 5
Georgios Epitideios
Proposal for a regulation
Recital 5
Text proposed by the Commission
Amendment
(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 streamline
and consolidate its asset management
activities, building on existing structures
and a good track record.
(5)
The financial management of the
Guarantee Fund should be transferred from
the EIB to the European Council, in
which all the Member States are
represented, thus ensuring their control of
the fund. By taking over the asset
management of the Guarantee Fund, the
Commission should be able to streamline
and consolidate its asset management
activities, building on existing structures
and a good track record.
Or. el
Amendment 6
Neena Gill CBE
Proposal for a regulation
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Article 1 – paragraph 1 – point 3
Regulation (EC, Euratom) No 480/2009
Article 7
Text proposed by the Commission
Amendment
The Commission shall ensure the financial
management of the Fund. The Commission
shall manage and invest the resources of
the Guarantee Fund in accordance with the
principle of sound financial management
and shall follow appropriate prudential
rules.;
The Commission shall ensure the financial
management of the Fund as a way to
reduce administrative burdens and
maximize policy coherence as well as cost
efficiency. The Commission shall manage
and invest the resources of the Guarantee
Fund in accordance with the principle of
sound financial management and shall
follow appropriate prudential rules;
Or. en
Amendment 7
Georgios Epitideios
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Regulation (EC, Euratom) No 480/2009
Article 7
Text proposed by the Commission
Amendment
The Commission shall ensure the financial
management of the Fund. The Commission
shall manage and invest the resources of
the Guarantee Fund in accordance with the
principle of sound financial management
and shall follow appropriate prudential
rules.
The Council shall ensure the financial
management of the Fund. The Council
shall manage and invest the resources of
the Guarantee Fund in accordance with the
principle of sound financial management
and shall follow appropriate prudential
rules.’
(This amendment applies throughout the
text)
Or. xm
Justification
Necessary in order to give authority to the Member States.
Amendment 8
Eduard Kukan
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AM\1116649EN.docx
Proposal for a regulation
Article 1 – paragraph 1 – point 4 a (new)
Regulation (EC, Euratom) No 480/2009
Article 8 - paragraph 2 a (new)
Text proposed by the Commission
Amendment
As of 31 May 2018 the annual report shall
also include information about the
financial management and performance,
the risk of the Guarantee Fund and an
assessment on the adequacy of the 9%
target and of the 10% threshold/ceiling
for the Fund.'
Or. en
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