Examples of EFSI Regulation in a sentence
By 31 March of each year, the Commission is required to send to the European Parliament, the Council and the Court of Auditors an annual report on the situation of the Guarantee Fund and the management thereof in the previous year.In accordance with Article 12 of the EFSI Regulation, the EIB shall evaluate the functioning of the EFSI and provide its evaluation to the European Parliament, the Council and the Commission.
In accordance with Article 10 of the EFSI Regulation, the EIB, in cooperation with the EIF as appropriate, shall report semi-annually to the Commission on EIB financing and investment operations.
Main findings of these evaluations were summarised in the Commission Communication on the Investment Plan for Europe (COM (2016) 764)80,• an independent evaluation as required under article 18 of the EFSI Regulation.
Projects themselves may be subject to implementation delays and cost overruns.Even if based on conservative assumptions, the cost-efficiency of the initiative could suffer from insufficient market-uptake of the instruments and changing market conditions over time reducing the assumed multiplier effect.In accordance with Article 8(4) of the EFSI Regulation, the resources of the Guarantee Fund are to be invested.
The EFSI Regulation places significant emphasis on the role of Investment Platforms within the European Fund for Strategic Investments as a tool for pooling investment projects with a thematic or geographic focus, thereby contributing to the Investment Plan for Europe's objective of mobilising at least EUR 315 billion in additional investment over three years.
The Platform manager and/or (where relevant) the Platform shall enter into an agreement with the EIB or EIF to define the responsibilities, and reporting to the EIB or EIF to ensure compliance with EFSI Regulation art.
The present paper proposes a set of rules applicable to the EFSI operations with Investment Platforms (“Investment Platforms" or "Platforms”) and National Promotional Banks or Institutions ("NPBs"), for approval by the EFSI Steering Board, in accordance with EFSI Regulation requirements.
The Regulation (EU) 2015/1017 ("EFSI Regulation") calls for EFSI to be governed by a Steering Board, which, for the purpose of the use of the EU guarantee, is to determine, in conformity with the general objectives set out in Article 9(2), "the rules applicable to operations with Investment Platforms and National Promotional Banks or Institutions".
The EIB Group, with the benefit of the EU guarantee, can provide various types of support to the Investment Platforms, in line with EFSI Regulation (art.
This is typically the case when the projects are clearly identified or the eligibility criteria of the Platform provide reassurance that the projects will be selected in full compliance with EFSI Regulation.