### where the commission considers that a foreign direct investment is likely to affect projects or programmes of union interest on grounds of security or public order , the commission should have the possibility to address an opinion to the member states in which such investment is planned or completed within a reasonable timeframe . the member states should take utmost account of the opinion and provide an explanation to the commission if they do not follow this opinion , in compliance with their duty of sincere cooperation under article 4 teu . the commission should also have the possibility to request from those member states the information necessary for its screening of such investment . ### where the commission considers that a foreign direct investment is likely to affect projects or programmes of union interest on grounds of security or public order , the commission should have the possibility to address an opinion to the member states in which such investment is planned or completed within a reasonable timeframe . the member states should take utmost account of the opinion and provide a detailed explanation to the commission if they do not follow this opinion , in compliance with their duty of sincere cooperation under article 4 teu . the commission should also be able to request from those member states the information necessary for its screening of such investment .


### where the commission considers that a foreign direct investment is likely to affect projects or programmes of union interest on grounds of security or public order , the commission should have the possibility to address an opinion to the member states in which such investment is planned or completed within a reasonable timeframe . the member states should take utmost account of the opinion and provide an explanation to the commission if they do not follow this opinion , in compliance with their duty of sincere cooperation under article 4 teu . the commission should also have the possibility to request from those member states the information necessary for its screening of such investment . ### where the commission considers that a foreign direct investment is likely to affect projects or programmes of union interest on grounds of economic and union security or public order , the commission shall address an opinion to the member states in which such investment is planned or completed within a reasonable timeframe . the member states shall take duly account of the opinion and provide an explanation to the commission if they do not follow this opinion , in compliance with their duty of sincere cooperation under article 4 teu . the commission should also have the possibility to request from those member states the information necessary for its screening of such investment .


### the communication and cooperation at member state and union level should be enhanced through the establishment of contact points for the screening of foreign direct investments in each member state . ### the communication and cooperation at member state and union level should be enhanced through the establishment of a coordination group for the screening of foreign direct investments in each member state .


### projects or programmes of union interest shall include in particular those projects and programmes which involve a substantial amount or a significant share of eu funding , or which are covered by union legislation regarding critical infrastructure , critical technologies or critical inputs . an indicative list of projects or programmes of union interest is included in annex 1 . ### projects or programmes of union interest shall include in particular those projects and programmes which involve eu funding , or which are covered by union legislation regarding critical and strategic infrastructure , borders , critical technologies , defense or critical inputs . an indicative list of projects or programmes of union interest is included in annex 1 .


### - critical infrastructure , including energy , transport , communications , data storage , space or financial infrastructure , as well as sensitive facilities ; ### - critical infrastructure , whether physical or virtual , including energy , transport , water distribution , media , communications , data storage , space or financial infrastructure , financial services and markets , health as well as sensitive facilities and any security and defense infrastructure ;


### in determining whether a foreign direct investment is likely to affect security or public order , member states and the commission may take into account whether the foreign investor is controlled by the government of a third country , including through significant funding . ### in determining whether a foreign direct investment is likely to affect economic and union security or public order , member states and the commission shall take into account : - whether it is a foreign government - controlled transaction , including through significant funding and subsidies , extended credit and lending issued by state - owned financial institutions , which may directly or indirectly influence the decision - making process ; - whether such investment could lead to the establishment or consolidation of a monopolistic structure or could undermine the functioning of the union value chains based on strategic industries .


### member states may maintain , amend or adopt measures necessary to prevent circumvention of the screening mechanisms and screening decisions . ### member states may maintain , reinforce , adopt measures necessary to prevent circumvention of the screening mechanisms and screening decisions .


### contact points ### investment screening coordination group


### each member state shall appoint a foreign direct investment screening contact point for the screening of foreign direct investment . the commission and other member states shall involve these fdi screening contact points on all issues related to implementation of this regulation . ### each member state shall appoint a foreign direct investment screening contact point for the screening of foreign direct investment . the fdi screening contact point shall be part of a coordination group composed of the commission and other member states fdi screening contact points . the task of the coordination group shall be discussing all issues related to the inward foreign direct investment policies of the union and the implementation of this regulation .


### significant progress has been achieved in the union in the past 10 years in the field of mercury management following the adoption of the strategy and of a wide range of measures concerning mercury emissions , supply , demand and use and the management of mercury surplus and stocks . ### management of the production of mercury , its emissions and its supply , demand and use in industrial production processes , in addition to the management of mercury surplus and stocks , must be planned with the aim of protecting the environment and health , always taking into account the precautionary principle .


### the strategy establishes that the negotiation and conclusion of an international legally - binding instrument should be a priority as union action alone cannot guarantee effective protection of the citizens of the union against the negative health effects of mercury . ### in addition to the provisions of the mercury management strategy , which establishes that the negotiation and conclusion of an international legally - binding instrument should be a priority , the european union should endeavour to excel among its global partners in order to guarantee a protection of its citizens from the negative health effects of mercury that is truly effective , by setting best practice examples to all countries that are party to the minamata convention .


### the use of dental amalgam in an encapsulated form and the implementation of amalgam separators should be made mandatory to protect dental practitioners and patients from mercury exposure and to ensure that resulting mercury waste are not released into the environment , but are collected and subjected to sound waste management . given the size of the undertakings from the dentristy sector concerned by this change , it is appropriate to provide sufficient time to adapt to the new provision . ### pending the total elimination of the use of mercury in dentistry , the use of dental amalgam in an encapsulated form and the implementation of amalgam separators should be made mandatory to protect dental practitioners and patients from mercury exposure and to ensure that resulting mercury waste is not released into the environment , but is collected and subjected to sound waste management .


### by way of derogation from paragraphs 1 and 2 , where an economic operator intends to manufacture and / or place on the market a new mercury - added product or to operate a new manufacturing process , the operator shall notify the competent authorities of the member state concerned and provide them , with the following : ### by way of derogation from paragraphs 1 and 2 , where an economic operator intends to manufacture and / or place on the market a new mercury - added product or to operate a new manufacturing process , the operator shall notify the competent authorities of the member state concerned and provide them , also by way of derogation from the rules on the industrial protection of technical documentation , with the following :


### throughout the economic and financial crisis , the union has made efforts to promote growth , in particular through initiatives set out in the europe 2020 strategy that put in place an approach for smart , sustainable and inclusive growth . the european investment bank has also strengthened its role in instigating and promoting investment within the union , partly by way of an increase in capital in january 2013 . further action is required to ensure that the investment needs of the union are addressed and that the liquidity available on the market is used efficiently and channelled towards the funding of viable investment projects . ### throughout the economic and financial crisis , the union has failed to make appropriate efforts to promote growth , thereby betraying also the spirit of the europe 2020 strategy , which aimed to achieve smart , sustainable and inclusive growth . not even the european investment bank has been able appropriately to play its role in instigating and promoting investment within the union , in spite of the increase in capital in january 2013 . further action is thus required to ensure that the investment needs of the union are addressed and that the liquidity available on the market is used efficiently and channelled towards the funding of environmentally and socially viable investment projects with the emphasis on innovative start - ups and micro enterprises .


### the investment environment within the union should be improved by removing barriers to investment , reinforcing the single market and by enhancing regulatory predictability . the work of the efsi , and investments across europe generally , should benefit from this accompanying work . ### the investment environment within the union should be improved by removing all barriers to investment , first by abolishing the fiscal constraints imposed on member states and subsequently by reinforcing the single market in a targeted and conditional manner and by enhancing regulatory predictability . the work of the efsi , but especially investments across europe , should benefit from this accompanying work .


### the efsi should target projects delivering high societal and economic value . in particular , the efsi should target projects that promote job creation , long - term growth and competitiveness . the efsi should support a wide range of financial products , including equity , debt or guarantees , to best accommodate the needs of the individual project . this wide range of products should allow the efsi to adapt to market needs whilst encouraging private investment in the projects . the efsi should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money . the requirement for consistency with state aid principles should contribute to such effective and strategic use . ### the efsi should target projects delivering high societal , economic and environmental value . in particular , the efsi should target projects that promote quality job creation , long - term sustainable growth and competitiveness . the efsi should support a wide range of financial products , including equity , debt or guarantees , to best accommodate the needs of the individual project . this wide range of products should allow the efsi to adapt to market needs whilst encouraging private investment in the projects . the efsi should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money . the requirement for consistency with state aid principles should contribute to such effective and strategic use .


### decisions on the use of the efsi support for infrastructure and large mid - cap projects should be made by an investment committee . the investment committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects . the investment committee should be accountable to a steering board of the efsi , who should supervise the fulfilment of the efsi ' s objectives . to effectively benefit from the experience of the eif , the efsi should support funding to the eif to allow the eif to undertake individual projects in the areas of small and medium enterprises and small mid - cap companies . ### decisions on the use of the efsi support for large projects should be made , in a transparent manner , by an investment committee . the investment committee should be composed of independent experts who have been appropriately selected in accordance with the principle of accountability and are knowledgeable and experienced in the areas of investment projects . they should be approved only after a hearing and vote in the european parliament . the investment committee should be accountable to a steering board of the efsi , who should supervise the fulfilment of the efsi ' s objectives . to effectively benefit from the experience of the eif , the efsi should support funding to the eif to allow the eif to undertake individual projects in the areas of small , medium and micro enterprises and innovative start - ups .


### the efsi agreement shall provide that the efsi shall be governed by a steering board , which shall determine the strategic orientation , the strategic asset allocation and operating policies and procedures , including the investment policy of projects that efsi can support and the risk profile of the efsi , in conformity with the objectives under article 5 . the steering board shall elect one of its members to be chairperson . 2 . for as long as the only contributors to the efsi are the union and the eib , the number of members and votes within the steering board shall be allocated based on the respective size of contributions in the form of cash or guarantees . the steering board shall take decisions by consensus . 3 . when other parties accede to the efsi agreement in accordance with article 1 , the number of members and votes within the steering board shall be allocated based on the respective size of contributions from contributors in the form of cash or guarantees . the number of members and votes of the commission and the eib , according to paragraph 2 , shall be recalculated accordingly . the steering board shall strive to make decisions by consensus . if the steering board is not able to decide by consensus within a deadline set by the chairperson , the steering board shall take a decision by simple majority . no decision of the steering board shall be adopted if the commission or the eib votes against it . 4 the efsi agreement shall provide that the efsi shall have a managing director , who shall be responsible for the day - to - day management of the efsi and the preparation and chairing of meetings of the investment committee referred to in paragraph 5 . the managing director shall be assisted by a deputy managing director . . the managing director shall report every quarter on the activities of the efsi to the steering board . the managing director and the deputy managing director shall be appointed by the steering board on a joint proposal of the commission and the eib for a renewable fixed term of three years . 5 . the efsi agreement shall provide that the efsi shall have an investment committee , which shall be responsible for examining potential operations in line with the efsi investment policies and approving the support of the eu guarantee for operations in line with article 5 , irrespective of their geographic location . the investment committee shall be composed of six independent experts and the managing director . independent experts shall have a high level of relevant market experience in project finance and be appointed by the steering board for a renewable fixed term of three years . decisions of the investment committee shall be taken by simple majority . ### the efsi agreement shall provide that the efsi shall be governed by a steering board . the steering board shall determine the strategic orientation , the strategic asset allocation and operating policies and procedures , including the investment policy of projects that efsi can support and the risk profile of the efsi , in conformity with this regulation and set up investment guidelines in addition to but not in conflict with those of article 5 for the use of the eu guarantee to be implemented by the investment committee . the commission shall be empowered to adopt delegated acts in accordance with article 17 concerning the investment guidelines . 2 . for as long as the only contributors to the efsi are the union and the eib , the number of members and votes within the steering board shall be allocated based on the respective size of contributions in the form of cash or guarantees . the steering board shall take decisions by consensus . 3 . when other parties accede to the efsi agreement in accordance with article 1 , the number of members and votes within the steering board shall be allocated based on the respective size of contributions from contributors in the form of cash or guarantees . the number of members and votes of the commission and the eib , according to paragraph 2 , shall be recalculated accordingly . the steering board shall strive to make decisions by consensus . if the steering board is not able to decide by consensus within a deadline set by the chairperson , the steering board shall take a decision by simple majority . no decision of the steering board shall be adopted if the commission or the eib votes against it . 4 the efsi agreement shall provide that the efsi shall have a managing director , who shall be responsible for the day - to - day management of the efsi and the preparation and chairing of meetings of the investment committee referred to in paragraph 5 . the managing director shall be assisted by a deputy managing director . the managing director shall report every quarter on the activities of the efsi to the steering board . the managing director and the deputy managing director shall be appointed by the steering board on a joint proposal of the commission and the eib for a renewable fixed term of three years . 5 . the efsi agreement shall provide that the efsi shall have an investment committee , which shall be responsible for examining potential operations that are fully in line with objectives and criteria established in article 5 of this regulation and irrespective of their geographic location . the investment committee shall be composed of at least six independent experts and the managing director . in appointing the experts to the investment committee , the steering board shall ensure that the composition of the investment committee is diversified and that these experts have a high level of relevant market experience in project structuring and project financing in the areas of investment projects as listed in article 5 . 2 . the investment committee shall be appointed by the steering board for a renewable fixed term of up to three years the experts shall be appointed in an open and transparent selection procedure . decisions of the investment committee shall be taken by simple majority .


### the coverage of the guarantee over a particular type of instrument portfolio , referred to in article 6 , shall be determined by the risk of that portfolio . the eu guarantee shall be eligible to provide either first loss guarantees on a portfolio basis or a full guarantee . the eu guarantee may be granted on a pari passu basis with other contributors . ### the coverage of the guarantee over a particular type of instrument portfolio , referred to in article 6 , shall be determined by the risk of that portfolio . the eu guarantee shall be eligible to provide first loss guarantees on a portfolio basis . the eu guarantee may be granted on a pari passu basis with other contributors .


### the eib , in cooperation with the eif as appropriate , shall report annually to the european parliament and to the council on eib financing and investment operations . the report shall be made public and include : ### the eib and the steering committee , in cooperation with the eif as appropriate , shall report semi - annually to the european parliament and to the council on eib financing and investment operations . the report shall be made public and accessible include :


### an assessment of the financial benefit transferred to beneficiaries of eib financing and investment operations on an aggregated basis ; ### an assessment of the financial benefit transferred to beneficiaries of eib financing and investment operations ;


### in accordance with its own transparency policies on access to documents and information , the eib shall make publicly available on its website information relating to all eib financing and investment operations and how they contribute to the general objectives referred to in article 5 . ### the eib shall publish all documents relating to both the administrative tasks of the eib , as well as to the projects it finances directly or indirectly ; it shall make publicly available on its website information relating to all eib financing and investment operations and how they contribute to the general objectives referred to in article 5 , and any citizen of the european union and any natural and legal person residing or having its registered office in a member states shall have access to the documents related to the efsi in accordance with the regulation no 1049 / 2001 of the european parliament and the council regarding public access to european parliament , council .


### the eib shall notify olaf promptly and provide it with the necessary information when , at any stage of the preparation , implementation or closure of operations subject to the eu guarantee , it has grounds to suspect that there is a potential case of fraud , corruption , money laundering or other illegal activity that may affect the financial interests of the union . ### the eib shall notify olaf promptly and provide it with the necessary information when , at any stage of the preparation , implementation or closure of operations subject to the eu guarantee , it has grounds to suspect that there is a potential case of fraud , corruption , money laundering or any other illegal activity that may affect the financial interests of the union .


### in its financing and investment operations , the eib shall not support any activities carried out for illegal purposes , including money laundering , financing of terrorism , tax fraud and tax evasion , corruption , or fraud affecting the financial interests of the union . in particular the eib shall not participate in any financing or investment operation through a vehicle located in a non - cooperative jurisdiction , in line with its policy towards weakly regulated or non - cooperative jurisdictions based on policies of the union , the organisation for economic cooperation and development or the financial action task force . ### in its financing and investment operations , the eib shall not support any activities carried out for illegal purposes , including money laundering , financing of terrorism , financing of activities in connection with organised crime , tax fraud and tax evasion , corruption , or fraud affecting the financial interests of the eu . in particular , the eib shall not participate in any financing or investment operation through a vehicle located in a non - cooperative jurisdiction , in line with its policy towards weakly regulated or non - cooperative jurisdictions based on eu policies , or in member states that adopt aggressive tax planning , such as luxembourg , ireland and the netherlands , the organisation for economic cooperation and development or the financial action task force .


### member states should comply with the emission reduction commitments set out in this directive for 2020 and 2030 . so as to ensure demonstrable progress towards the 2030 commitments , member states should meet intermediate emission levels in 2025 , set on the basis of a linear trajectory between their emission levels for 2020 and those defined by the emission reduction commitments for 2030 , unless this would entail disproportionate costs . where the 2025 emissions cannot be so limited , member states should explain the reasons in their reports under this directive . ### in order to limit the atmospheric emissions of air pollutants and to effectively contribute to the union objective of achieving air quality that does not give rise to significant negative impacts on and risks to health , and to reducing the levels deposition of acidifying and eutrophying pollutants below critical loads and levels , binding national emission reduction commitments are set in this directive for 2020 , 2025 and 2030 .


### member states should adopt and implement a national air pollution control programme with a view to meeting their emission reduction requirements and intermediate emission levels , and to contributing effectively to the achievement of the union air quality objectives . to this effect , member states should take account of the need to reduce emissions in zones and agglomerations affected by excessive air pollutant concentrations and / or in those that contribute significantly to air pollution in other zones and agglomerations , including in neighbouring countries . national air pollution control programmes should , to that end , contribute to the successful implementation of air quality plans enacted under article 23 of directive 2008 / 50 / ec of the european parliament and of the council . 23 __________________ 23 directive 2008 / 50 / ec of the european parliament and of the council of 21 may 2008 on ambient air quality and cleaner air in europe . ### member states should adopt and implement a national air pollution control programme which takes into account the various anthropogenic emissions that contribute to increasing greenhouse gases , while making a distinction between industrial and agricultural emissions , with a view to meeting their emission reduction requirements and intermediate emission levels , and to contributing effectively to the achievement of the union air quality objectives . to this effect , member states should take account of the need to reduce emissions in zones and agglomerations affected by excessive air pollutant concentrations and / or in those that contribute significantly to air pollution in other zones and agglomerations , including in neighbouring countries . national air pollution control programmes should , to that end , contribute to the successful implementation of air quality plans enacted under article 23 of directive 2008 / 50 / ec of the european parliament and of the council . 23 __________________ 23 directive 2008 / 50 / ec of the european parliament and of the council of 21 may 2008 on ambient air quality and cleaner air in europe .


### emissions from international maritime traffic , without prejudice to article 5 . ### emissions from international maritime traffic .


### nitrogen management , taking into account the full nitrogen cycle ; ### nitrogen management , taking into account the full nitrogen cycle , and establishing soil and nutrient management plans ;


### therefore , the scope of directive 2011 / 83 / eu should be extended to cover also contracts under which the trader supplies or undertakes to supply a digital service to the consumer , and the consumer provides or undertakes to provide personal data . similar to contracts for the supply of digital content which is not supplied on a tangible medium , the directive should apply whenever the consumer provides or undertakes to provide personal data to the trader , except where the personal data provided by the consumer is exclusively processed by the trader for supplying the digital content or digital service , and the trader does not process this data for any other purpose . any processing of personal data should comply with regulation 2016 / 679 . ### therefore , the scope of directive 2011 / 83 / eu should be extended to cover also contracts under which the trader supplies or undertakes to supply a digital service to the consumer , and the consumer provides or undertakes to provide personal data . similar to contracts for the supply of digital content which is not supplied on a tangible medium , the directive should apply whenever the consumer provides or undertakes to provide personal data to the trader , except where the personal data provided by the consumer is exclusively processed by the trader for supplying the digital content or digital service , and the trader does not process this data for any other purpose . any processing of personal data should comply with regulation 2016 / 679 . in particular , withdrawal by the consumer from a contract does not , in the cases covered by regulation 2016 / 679 , result in an immediate end to processing of the data .


### member states shall ensure that the penalties for widespread infringements and widespread infringements with a union dimension within the meaning of regulation no 2017 / 2934 include the possibility to impose fines , the maximum amount of which shall be at least 4% of the trader’s annual turnover in the member state or member states concerned . ### member states shall ensure that the penalties for widespread infringements and widespread infringements with a union dimension within the meaning of regulation no 2017 / 2394 include the possibility to impose fines , the maximum amount of which shall be at least 4% of the trader’s global turnover calculated on the annual total for the previous year in the member state or member states concerned .


### for passenger transport services , with the exception of article 8 and articles 19 and 22 ; ### point is replaced by the following : “for passenger transport services , with the exception of article 8 and articles 19 , 21 and 22 ; ”


### the geographical address at which the trader is established as well as the trader’s telephone number , e - mail address or other means of online communication which guarantee that the consumer can keep the correspondence with the trader on a durable medium , to enable the consumer to contact the trader quickly and communicate with him efficiently . where applicable , the trader shall also provide the geographical address and identity of the trader on whose behalf he is acting . ### the geographical address at which the trader is established as well as the trader’s telephone number , e - mail address or other means of online communication that is widely used in the community which guarantee that the consumer can keep the correspondence with the trader on a durable medium , to enable the consumer to contact the trader quickly and communicate with him efficiently . where applicable , the trader shall also provide the geographical address and identity of the trader on whose behalf he is acting .


### in recent years the union has increasingly used financial instruments that allow a higher leverage of the eu budget to be achieved but , at the same time , they generate a financial risk for that budget . among those financial instruments are not only the financial instruments already covered by the financial regulation , but also other instruments such as budgetary guarantees and financial assistance that previously have been governed only by the rules established in their respective basic acts . it is important to establish a common framework to ensure the homogeneity of the principles applicable to that set of instruments and to regroup them under a new title , comprising sections on budgetary guarantees and on financial assistance to member states or third countries in addition to the existing rules applicable to financial instruments . ### in recent years the union has increasingly used financial instruments that should allow a higher leverage of the eu budget to be achieved but , at the same time , they generate a financial risk for that budget . among those financial instruments are not only the financial instruments already covered by the financial regulation , but also other instruments such as budgetary guarantees and financial assistance that previously have been governed only by the rules established in their respective basic acts . it is important to establish a common framework to ensure the homogeneity of the principles applicable to that set of instruments and to regroup them under a new title , comprising sections on budgetary guarantees and on financial assistance to member states or third countries in addition to the existing rules applicable to financial instruments .


### investment in the development of endogenous potential through fixed investment in equipment and infrastructure , including cultural and sustainable tourism infrastructure , services to enterprises , support to research and innovation bodies and investment in technology and applied research in enterprises ; ### investment in the development of endogenous potential through fixed investment in equipment and small - scale infrastructure , including small - scale cultural and sustainable tourism infrastructure , services to enterprises , support to research and innovation bodies and investment in technology and applied research in enterprises ; in justified cases , the scope of support may be enlarged ;


### ' 1 . support under point of article 36 shall only be granted for insurance contracts which cover for loss caused by an adverse climatic event , or by an animal or plant disease , or a pest infestation , or an environmental incident or a measure adopted in accordance with directive 2000 / 29 / ec to eradicate or contain a plant disease , or pest which destroys more than 30 % of the average annual production of the farmer in the preceding three - year period or a three - year average based on the preceding five - year period , excluding the highest and lowest entry . indexes may be used in order to calculate the annual production of the farmer . the calculation method used shall permit the determination of the actual loss of an individual farmer in a given year . ' ### in article 37 , the introductory part is replaced by the following : ' 1 . support under point of article 36 shall only be granted for insurance contracts which cover for loss caused by an adverse climatic event , or by an animal or plant disease , or a pest infestation , or an environmental incident or a measure adopted in accordance with directive 2000 / 29 / ec to eradicate or contain a plant disease , or pest which destroys more than 20 % of the average annual production of the farmer in the preceding three - year period or a three - year average based on the preceding five - year period , excluding the highest and lowest entry . indexes may be used in order to calculate the annual production of the farmer . the calculation method used shall permit the determination of the actual loss of an individual farmer in a given year . '


### ' 1 . support under point of article 36 shall only be granted where the drop of income exceeds 30 % of the average annual income of the individual farmer in the preceding three - year period or a three - year average based on the preceding five - year period excluding the highest and lowest entry . income for the purposes of point of article 36 shall refer to the sum of revenues the farmer receives from the market , including any form of public support , deducting input costs . payments by the mutual fund to farmers shall compensate for less than 70 % of the income lost in the year the producer becomes eligible to receive this assistance . ' ### in article 39 , paragraph 1 is replaced by the following : ' 1 . support under point of article 36 shall only be granted where the drop of income exceeds 20 % of the average annual income of the individual farmer in the preceding three - year period or a three - year average based on the preceding five - year period excluding the highest and lowest entry . income for the purposes of point of article 36 shall refer to the sum of revenues the farmer receives from the market , including any form of public support , deducting input costs . payments by the mutual fund to farmers shall compensate for less than 70 % of the income lost in the year the producer becomes eligible to receive this assistance . indexes may be used to calculate the annual loss of income of the farmer . '


### ' where the arable land of the farmer covers between 10 and 30 hectares and is not entirely cultivated with crops under water for a significant part of the year or for a significant part of the crop cycle , there shall be at least two different crops on that arable land . the main crop shall not cover more than 75 % of that arable land . ' ### in article 44 , the first subparagraph is replaced by the following : ' where the arable land of the farmer covers between 15 and 30 hectares and is not entirely cultivated with crops under water for a significant part of the year or for a significant part of the crop cycle , there shall be at least two different crops on that arable land . the main crop shall not cover more than 75 % of that arable land . '


### in the rome declaration signed on 25 september 2017 , leaders of 27 member states affirmed their determination to a safe and secure europe and to build a union where all citizens feel safe and can move freely , where the external borders are secured , with an efficient , responsible and sustainable migration policy , respecting international norms , as well as a europe determined to fight terrorism and organised crime . ### in the rome declaration signed on 25 march 2017 , leaders of 27 member states affirmed their determination to a safe and secure europe and to build a union where all citizens feel safe and can move freely , where the external borders are secured , with an efficient , responsible and sustainable migration policy , respecting international norms , as well as a europe determined to fight terrorism .


### to achieve this objective , actions should be taken at union level to protect people and goods from increasingly transnational threats and to support the work carried out by member states’ competent authorities . terrorism , serious and organised crime , itinerant crime , drug trafficking , corruption , cybercrime , trafficking in human beings and arms , among others , continue to challenge the internal security of the union . ### to achieve this objective , actions should be taken at union level to protect people and goods from increasingly transnational threats and to support the work carried out by member states’ competent authorities . illegal migration - facilitated by organised criminal activity , terrorism , serious and organised crime , itinerant crime , drug trafficking , corruption , cybercrime , trafficking in human beings and arms , among others , continue to challenge the internal security of the union .


### within the comprehensive framework of the fund , the financial assistance provided through the fund should in particular support police and judicial cooperation and prevention in the fields of serious and organised crime , illicit arms trafficking , corruption , money laundering , drug trafficking , environmental crime , exchange of and access to information , terrorism , trafficking in human beings , exploitation of illegal immigration , child sexual exploitation , distribution of child abuse images and child pornography , and cybercrime . the fund should also support the protection of people , public spaces and critical infrastructure against security - related incidents and the effective management of security - related risks and crises , including through the development of common policies , legislation and practical cooperation . ### within the comprehensive framework of the fund , the financial assistance provided through the fund should in particular support police and judicial cooperation and prevention in the fields of serious and organised crime , illicit arms trafficking , illegal migration facilitated by organised criminal activity , corruption , money laundering , drug trafficking , environmental crime , exchange of and access to information , terrorism , trafficking in human beings , exploitation of illegal immigration , child sexual exploitation , distribution of child abuse images and child pornography , and cybercrime . the fund should also support the protection of people , public spaces and critical infrastructure against security - related incidents and the effective management of security - related risks and crises , including through the development of common policies , legislation and practical cooperation .


### the policy objective of the fund shall be to contribute to ensuring a high level of security in the union , in particular by tackling terrorism and radicalisation , serious and organised crime and cybercrime and by assisting and protecting victims of crime . ### the policy objective of the fund shall be to contribute to ensuring a high level of security in the union , in particular by tackling terrorism and radicalisation , illegal migration facilitated by organised criminal activity , serious and organised crime and cybercrime and by assisting and protecting victims of crime .


### member states shall justify in the programme and in the annual performance reports , as referred to in article 26 , the use of operating support to achieve the objectives of this regulation . before the approval of the programme , the commission shall assess the baseline situation in the member states which have indicated their intention to request operating support , taking into account the information provided by those member states as well as recommendations from quality control and evaluation mechanisms such as the schengen evaluation mechanism and other quality control and evaluation mechanisms . ### member states shall justify in the programme and in the annual performance reports , as referred to in article 26 , the use of operating support to achieve the objectives of this regulation . before the approval of the programme , the commission shall assess the baseline situation in the member states which have indicated their intention to request operating support , taking into account the information provided by those member states as well as recommendations from quality control and evaluation mechanisms such as : the schengen evaluation mechanism , the vulnerability and risk assessment by the european border and cost guard agency and other quality control and evaluation mechanisms as applicable .


### –projects which aim to prevent and counter radicalisation . ### –projects and / or initiatives that have an established record of more than ten years of successful interventions , with the aim to prevent and counter radicalisation .


### number of study visits , trainings , workshops and counselling completed in member states in close coordination with national authorities broken down by beneficiaries . ### number of counselling completed in member states in close coordination with national authorities broken down by beneficiaries .


### the system established by regulation no 182 / 2011 has , overall , proven to work well in practice and struck an appropriate institutional balance as regards the roles of the commission and the other actors involved . that system should therefore continue to function unchanged except for certain targeted amendments concerning specific aspects of procedure at the level of the appeal committee . these amendments are intended to ensure wider political accountability and ownership of politically sensitive implementing acts without , however , modifying the legal and institutional responsibilities for implementing acts as organised by regulation no 182 / 2011 . ### it has become evident that there are marked limitations to the system established by regulation no 182 / 2011 in those cases in which member states fail to reach the majorities required in the committees set up by the basic acts and deliver a ' no opinion ' instead of taking a position . in such cases , the commission is called upon to adopt decisions that are often extremely problematic , for politically sensitive matters which lie outside the commission ' s remit but fall within the political preserve of the european parliament and the council , especially where this concerns decisions that have a direct impact on citizens and enterprises , as for example in the field of health and safety of humans , animals or plants . that system should therefore be changed radically to ensure wider political accountability and ownership of politically sensitive implementing acts without , however , modifying the legal and institutional responsibilities for implementing acts as organised by regulation no 182 / 2011 .


### in a number of specific cases , regulation no 182 / 2011 provides for referral to the appeal committee . in practice , the appeal committee has been seized in cases where no qualified majority , either in favour or against , was attained within the committee in the context of the examination procedure and thus no opinion was delivered . in the majority of cases this happened in relation to genetically modified organisms and genetically modified food and feed and plant protection products . ### in a number of specific cases , regulation no 182 / 2011 provides for referral to the appeal committee . in practice , the appeal committee has been seized in cases where no qualified majority , either in favour or against , was attained within the committee in the context of the examination procedure and thus no opinion was delivered . in the majority of cases this happened in relation to authorisations for plant protection products and other active substances , genetically modified organisms and genetically modified food and feed .


### secondary market operations for electrical and electronic equipment , involving repair , replacement of spare parts , refurbishment and reuse , should be facilitated to promote a circular economy in the union . a high level of protection of human health and the environment should be ensured , including through the environmentally sound recovery and disposal of waste electrical and electronic equipment . unnecessary administrative burden on market operators should be avoided . directive 2011 / 65 / eu allows eee that fell outside the scope of the previous directive 2002 / 95 / ec of the european parliament and of the council6 , but which would not comply with directive 2011 / 65 / eu , to continue to be made available on the market until 22 july 2019 . after that date , however , both the first placing on the market and secondary market operations of non - compliant eee are prohibited . such prohibition of secondary market operations is inconsistent with the general principles underlying union measures for the approximation of laws relating to products and should therefore be removed . _________________ 6 directive 2002 / 95 / ec of the european parliament and of the council of 27 january 2003 on the restriction of the use of certain hazardous substances in electrical and electronic equipment . ### secondary market operations for electrical and electronic equipment , involving repair , replacement of spare parts , refurbishment and reuse , and retrofitting , should be facilitated to promote a circular economy in the union . a high level of protection of human health and the environment should be ensured , including through the environmentally sound recovery and disposal of waste electrical and electronic equipment . unnecessary administrative burden on market operators should be avoided . directive 2011 / 65 / eu allows eee that fell outside the scope of the previous directive 2002 / 95 / ec of the european parliament and of the council6 , but which would not comply with directive 2011 / 65 / eu , to continue to be made available on the market until 22 july 2019 . after that date , however , both the first placing on the market and secondary market operations of non - compliant eee are prohibited . such prohibition of secondary market operations is inconsistent with the general principles underlying union measures for the approximation of laws relating to products and should therefore be removed . _________________ 6 directive 2002 / 95 / ec of the european parliament and of the council of 27 january 2003 on the restriction of the use of certain hazardous substances in electrical and electronic equipment .


### the efsi was established for an initial period of three years and with the aim of mobilising at least eur 315 billion in investments . given its success , the commission is committed to the doubling of the efsi , both in terms of duration and financial capacity . the legal extension covers the period of the current multiannual financial framework and should provide a total of at least half a trillion euro investments by 2020 . in order to enhance the firepower of the efsi even further and reach the aim of doubling the investment target , member states should also contribute as a matter of priority . ### the efsi was established for an initial period of three years and with the aim of mobilising at least eur 315 billion in investments . the plan has failed to address the investment gap in europe and has been insufficiently diversified both sectorally and geographically , due to sub - optimal allocation of investment , funding projects with a high environmental impact and dubious additionality . despite this , after barely one year of the efsi being in operation , and without the independent evaluation to which the efsi’s potential extension was linked being conducted , the commission has launched a proposal on the doubling of the efsi , in terms both of duration and of financial capacity .


### ' 2 . the eib , in cooperation with the eif where appropriate , shall submit an annual report to the european parliament and to the council on eib financing and investment operations covered by this regulation . the report shall be made public and shall include : an assessment of eib financing and investment operations at operation , sector , country and regional levels and their compliance with this regulation , in particular with the criterion of providing additionality , together with an assessment of the allocation of eib financing and investment operations between the general objectives set out in article 9 ; an assessment of the added value , the mobilisation of private sector resources , the estimated and actual outputs and the outcomes and impact of eib financing and investment operations on an aggregated basis , including the impact on employment creation ; an assessment of the extent to which operations covered by this regulation contribute to the achievement of the general objectives set out in article 9 including an assessment of the level of efsi investments in the areas of research , development and innovation and transport , telecommunications , energy infrastructure and energy efficiency ; an assessment of the compliance with the requirements concerning the use of the eu guarantee and with the key performance indicators referred to in article 4 ; an assessment of the leverage effect achieved by efsi - supported projects ; a description of the projects where the support of the european structural and investment funds is combined with the support of the efsi , and the total amount of the contributions from each source ; the financial amount transferred to beneficiaries and an assessment of eib financing and investment operations on an aggregated basis ; an assessment of the added value of eib financing and investment operations , and of the aggregate risk associated with those operations ; detailed information on calls on the eu guarantee , losses , returns , amounts recovered and any other payments received ; the financial reports on eib financing and investment operations covered by this regulation audited by an independent external auditor . ### ' article 16 is amended as follows : 2 . the eib shall submit a six - monthly report to the european parliament on approved investment operations . the report shall subsequently be made public and accessible . the report shall include : an assessment of eib financing and investment operations at sector , country and regional levels and their compliance with this regulation , in particular with regard to compliance with the additionality criterion ; an assessment of the extent to which operations covered by this regulation contribute to the achievement of the eu’s general objectives , including an assessment of the level of efsi investments in the areas of research , development and innovation , transport , telecommunications , energy infrastructure and energy efficiency ; an assessment of the real leverage effect achieved by efsi - supported projects ; a description of the projects where the support of the european structural and investment funds is combined with the support of the efsi , and the total amount of the contributions from each source ; the financial amount transferred to financial intermediaries and final beneficiaries , analytical statistical data for each funded project , including efsi loan transactions through financial intermediaries and an assessment of eib financing and investment operations on a disaggregated basis ; independent ex - ante and ex - post assessments for each project , with a detailed explanation of the indicators and criteria used for selection and evaluation ; an assessment of the added value of individual eib financing and investment operations , and of the aggregate risk associated with those operations ; the financial reports on eib financing and investment operations covered by this regulation audited by an independent external auditor ; an assessment of the added value of eib financing and investment operations , and of the aggregate risk associated with those operations ; detailed information on calls on the eu guarantee , losses , returns , amounts recovered and any other payments received ; the financial reports on eib financing and investment operations covered by this regulation audited by an independent external auditor .


### documents in relation to accommodation , or proof of sufficient means to cover his accommodation ; ### article 14 paragraph 1 point is replaced by the following ; ' documents in relation to accommodation , or proof of sufficient means to cover expenses or confirmation from inbound agent / operator that accommodation arrangements are being handled ; '


### documents relating to accommodation : ### annex v , part a point 3 , is replaced by the following : ' documents relating to accommodation , or proof of sufficient means to cover expenses or confirmation from inbound agent / operator that accommodation arrangements are being handled . '


### reflecting the importance of tackling climate change in line with the union ' s commitments to implement the paris agreement and the united nations sustainable development goals , the investeu programme will contribute to mainstream climate actions and to the achievement of an overall target of 25 % of the union budget expenditures supporting climate objectives . actions under the investeu programme are expected to contribute 30 % of the overall financial envelope of the investeu programme to climate objectives . relevant actions will be identified during the investeu programme ' s preparation and implementation and reassessed in the context of the relevant evaluations and review processes . ### reflecting the importance of tackling climate change in line with the union ' s commitments to implement the paris agreement and the united nations sustainable development goals and the need to alignment of financial flows with a climate resilient development , the investeu programme will contribute to mainstream climate actions and to the achievement of an overall target of at least 40 % of the union budget expenditures supporting climate objectives . actions under the investeu programme are expected to contribute 50 % of the overall financial envelope of the investeu programme to climate objectives . relevant actions will be identified during the investeu programme ' s preparation and implementation and reassessed in the context of the relevant evaluations and review processes .


### the contribution of the investeu fund to the achievement of the climate target will be tracked through an eu climate tracking system developed by the commission in cooperation with implementing partners and using in an appropriate way the criteria established by [ regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable . _________________ 14 com353 . ### the contribution of the investeu fund to the achievement of the energy and climate target and the sectorial targets included in the 2030 climate and energy framework , will be tracked through an eu climate tracking system developed by the commission in cooperation with implementing partners and using in an appropriate way the criteria established by [ regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable . _________________ 14 com353 .


### low infrastructure investment rates in the union during the financial crisis undermined the union ' s ability to boost sustainable growth , competitiveness and convergence . sizeable investments in the european infrastructure are fundamental to meet the union ' s sustainability targets , including the 2030 energy and climate targets . accordingly , support from the investeu fund should target investments into transport , energy , including energy efficiency and renewable energy , environmental , climate action , maritime and digital infrastructure . to maximise the impact and the value added of union financing support , it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant union programmes . bearing in mind security threats , investment projects receiving union support should take into account principles for the protection of citizens in public spaces . this should be complementary to the efforts made by other union funds such as the european regional development fund providing support for security components of investments in public spaces , transport , energy and other critical infrastructure . ### low infrastructure investment rates in the union during the financial crisis undermined the union ' s ability to boost prosperity , competitiveness and convergence . sizeable investments in the european infrastructure are fundamental to meet the union ' s sustainability targets , including the 2030 energy and climate targets . accordingly , support from the investeu fund should target investments into zero - emission transport , energy efficiency and renewable energy , environmental , climate action , maritime and digital infrastructure . investeu shall prioritise the most significantly under - invested areas that require the most additional investment , such as energy efficiency , in order to meet the union’s climate and energy targets . to maximise the impact and the value added of union financing support , it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant union programmes . bearing in mind security threats , investment projects receiving union support should take into account principles for the protection of citizens in public spaces . this should be complementary to the efforts made by other union funds such as the european regional development fund providing support for security components of investments in public spaces , transport , energy and other critical infrastructure .


### a significant effort is urgently needed to invest in digital transformation and to distribute the benefits of it to all union citizens and businesses . the strong policy framework of the digital single market strategy should now be matched by investment of a similar ambition , including in artificial intelligence . ### a significant effort is urgently needed to boost the digital transformation and to distribute the benefits of it to all union citizens and businesses . the strong policy framework of the digital single market strategy should now be matched by investment of a similar ambition , including in artificial intelligence .


### small and medium - sized enterprises play a crucial role in the union . however , they face challenges when accessing finance because of their perceived high risk and lack of sufficient collateral . additional challenges arise from smes ' need to stay competitive by engaging in digitisation , internationalisation and innovation activities and skilling up their workforce . moreover , compared to larger enterprises , they have access to a more limited set of financing sources : they typically do not issue bonds , have only limited access to stock exchanges or large institutional investors . the challenge in accessing finance is even greater for those smes whose activities focus on intangible assets . smes in the union rely heavily on banks and debt financing in the form of bank overdrafts , bank loans or leasing . supporting smes that face the above challenges and providing more diversified sources of funding is necessary for increasing the ability of smes to finance their creation , growth and development , withstand economic downturns , and for making the economy and the financial system more resilient during economic downturn or shocks . this is also complementary to the initiatives already undertaken in the context of the capital markets union . the investeu fund should provide an opportunity to focus on specific , more targeted financial products . ### small and medium - sized enterprises play a crucial role in the union . however , they face challenges when accessing finance because of their perceived high risk and lack of sufficient collateral . additional challenges arise from smes ' need to stay competitive by engaging in digitisation , internationalisation and innovation activities and skilling up their workforce . moreover , compared to larger enterprises , they have access to a more limited set of financing sources : they typically do not issue bonds , have only limited access to stock exchanges or large institutional investors . the challenge in accessing finance is even greater for those smes whose activities focus on intangible assets . smes in the union rely heavily on banks and debt financing in the form of bank overdrafts , bank loans or leasing . supporting smes that face the above challenges and providing more diversified sources of funding is necessary for increasing the ability of smes to finance their creation , growth and sustainable development , withstand economic downturns , and for making the economy and the financial system more resilient during economic downturn or shocks . this is also complementary to the initiatives already undertaken in the context of the capital markets union . the investeu fund should provide an opportunity to focus on specific , more targeted financial products , provided that excessive financial risks shall be avoided .


### as set out in the reflection paper on the social dimension of europe16 and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training and health . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18 has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 . ### as set out in the reflection paper on the social dimension of europe16 and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training and health . investment in the social , skills and human resources - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase a good quality employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18 has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public and private resources should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 .


### as set out in the reflection paper on the social dimension of europe16 and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training and health . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18 has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 . ### as set out in the reflection paper on the social dimension of europe16 , the european pillar of social rights17 and the eu framework on the eu convention on the rights of persons with disabilities , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training and health . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , the social services sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human resources , microfinance , the social economy . the investeu programme should strengthen nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18 has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 .


### sustainable infrastructure policy window : comprises sustainable investment in the areas of transport , energy , digital connectivity , supply and processing of raw materials , space , oceans and water , waste , nature and other environment infrastructure , equipment , mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the union , or to both , or meet the environmental or social sustainability standards of the union ; ### sustainable infrastructure policy window : comprises sustainable investment in the areas of low - emission transport , renewable energy , energy efficiency , digital connectivity and access also in rural areas , supply and processing of raw materials , space , oceans and water , waste , the circular economy , nature and other environment infrastructure , equipment , mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the union , or to both , or meet the environmental or social sustainability standards of the union ;


### the establishment of that part of the eu guarantee under the member state compartment shall be subject to the conclusion of a contribution agreement between the member state and the commission . ### the establishment of that part of the eu guarantee under the member state compartment shall be subject to the conclusion of a contribution agreement between the member state or the region , through the member state , and the commission .


### a third country referred to in point of paragraph 2 , where applicable ; ### a third country referred to in point of paragraph 2 , where applicable , provided that the principles and rights that are enshrined in the european treaties and in the charter of fundamental rights of the european union are respected by that country ;


### provides sufficient risk diversification ; ### provides sufficient risk diversification , provided that excessive - financial - risk operations should be avoided ;


### four members shall be permanent members of all four configurations of the investment committee . in addition , the four configurations shall each have two experts with experience in investment in sectors covered by that policy window . at least one of the permanent members shall have expertise in sustainable investment . the commission shall assign the investment committee members to its appropriate configuration or configurations . the investment committee shall elect a chairperson from among its permanent members . ### five members shall be permanent members of all four configurations of the investment committee . in addition , the four configurations shall each have two experts with experience in investment in sectors covered by that policy window . at least three of the permanent members shall have expertise in the fields of climate action , environmental protection and management . the commission shall assign the investment committee members to its appropriate configuration or configurations . the investment committee shall elect a chairperson from among its permanent members .


### audits on the use of the union funding carried out by persons or entities , including by others than those mandated by the union institutions or bodies , shall form the basis of the overall assurance pursuant to [ article 127 ] of the [ financial regulation ] . ### audits on the use of the union funding carried out by the european court of auditors together with those performed by persons or entities , including by others than those mandated by the union institutions or bodies , shall form the basis of the overall assurance pursuant to [ article 127 ] of the [ financial regulation ] .


### production and supply of synthetic fuels from renewable / carbon - neutral sources ; alternative fuels ; ### production and supply of fuels from renewable sources ;


### provision of working capital and investment ; ### provision of working&#160 ; resources and investment with a particular focus to support micro , small and medium enterprises ;


### to underpin space entrepreneurship ; ### to underpin space entrepreneurship , including in downstream development ;


### 2investment supporting climate objectives ### 2investment supporting energy and climate objectives for 2030 and 2050


### 1energy : additional renewable energy generation capacity installed ### 1energy : additional renewable energy generation capacity installed by source


### each year , in accordance with the scientific advice , the council shall set a maximum allowable fishing effort for each effort group by member state . ### every three years , in accordance with the scientific advice , the council shall set a maximum allowable fishing effort for each effort group by member state .


### where the best available scientific advice shows that the fishing effort regime is not sufficient to meet the objectives or targets set out in articles 3 and 4 , the council shall adopt complementary management measures based on total allowable catches . ### where the best available scientific advice shows that the fishing effort regime is not sufficient to meet the objectives or targets set out in articles 3 and 4 , the council , following a socio - economic impact assessment , shall adopt complementary management measures based on total allowable catches .


### within two years of the adoption of this regulation and on the basis of the scientific advice , the member states concerned shall establish other closure areas where there is evidence of a high concentration of juvenile fish and of spawning grounds of demersal stocks , in particular for the stocks concerned . ### if the established closure areas have proved ineffective in terms of stock recovery , the member states concerned , on the basis of the scientific advice , shall establish other closure areas where there is evidence of a high concentration of juvenile fish and of spawning grounds of demersal stocks , in particular for the stocks concerned .


### where the closure areas referred to in paragraph 2 affect fishing vessels of several member states , the commission shall be empowered to adopt delegated acts in accordance with article 8 of regulation no 1380 / 2013 and article 18 of this regulation and on the basis of the scientific advice , establishing the closure areas concerned . ### where the closure areas referred to in paragraph 2 affect fishing vessels of several member states , the commission , together with the member states concerned , shall be empowered to adopt delegated acts in accordance with article 8 of regulation no 1380 / 2013 and article 18 of this regulation and on the basis of the scientific advice , establishing the closure areas concerned .


### the commission is empowered to adopt delegated acts in accordance with article 18 supplementing this regulation by establishing the following technical conservation measures : ### the commission , after consulting the member states , is empowered to adopt delegated acts in accordance with article&#160 ; 18 supplementing this regulation by establishing the following technical conservation measures :


### where the scientific advice shows that the list of stocks set out in article 1 needs to be amended , the commission may submit a proposal for the amendement of that list . ### where the scientific advice shows that the list of stocks set out in article 1 needs to be amended , the commission , after consulting the member states concerned , may submit a proposal for the amendment of that list .


### the delegation of power referred to in articles 11 , 12 , 13 , 14 and 16 shall be conferred on the commission for a period of five years from the date of the entry into force of this regulation . the commission shall draw up a report in respect of the delegation of power not later than nine months before the end of that period . the delegation of power shall be tacitly extended for five - year periods , unless the european parliament or the council opposes such extension not later than three months beforehand . ### the delegation of power referred to in articles 11 , 12 , 13 , 14 and 16 shall be conferred on the commission for a period of five years from the date of the entry into force of this regulation . the commission shall draw up a report in respect of the delegation of power not later than nine months before the end of that period . the delegation of power may be extended for five - year periods if the european parliament and the council jointly request this .


### a delegated act adopted pursuant to articles 11 , 12 , 13 , 14 and 16 shall enter into force only if neither the european parliament nor the council has expressed an objection within two months of being notified or if , before the expiry of that period , they have both informed the commission that they will not object . the period shall be extended by two months at the initiative of the european parliament or of the council . ### a delegated act adopted pursuant to articles 11 , 12 , 13 , 14 and 16 shall enter into force only if neither the european parliament nor the council has expressed an objection within three months of being notified or if , before the expiry of that period , they have both informed the commission that they will not object . the period shall be extended by three months at the initiative of the european parliament or of the council .


### the european union is built on solidarity , among its citizens and among its member states . this common value guides its actions and provides the necessary unity to cope with current and future societal challenges , which young europeans are willing to help address by expressing their solidarity in practice . ### the european union is founded on common values and one of its aims is to promote solidarity among its citizens , its member states and between generations . these common values and aims should guide its actions and pave the way to cope with current and future societal challenges , which young europeans are willing to help address by expressing their solidarity in practice .


### the solidarity activities offered to young people should be of high quality , in the sense that they should respond to unmet societal needs , contribute to strengthening communities , offer young people the opportunity to acquire valuable knowledge and competences , be financially accessible to young people , and be implemented in safe and healthy conditions . ### the solidarity activities engaging young people should be of high quality , in the sense that they should respond to clearly identified unmet societal needs , contribute to strengthening communities , offer young people the opportunity to acquire valuable knowledge and competences , be financially sustainable and accessible to young people , and be implemented in safe and healthy conditions .


### voluntary activities constitute a rich experience in a non - formal and informal learning context which enhances young people ' s personal , socio - educational and professional development , active citizenship and employability . voluntary activities should not have an adverse effect on potential or existing paid employment , nor should they be seen as a substitute for it . in order to ensure continuity with respect to the volunteering activities that are supported at union level , the volunteering activities under the european voluntary service that fall within the geographical scope of the european solidarity corps should be supported by the latter in the form of cross - border volunteering placements . the other volunteering activities under the european voluntary service that do not fall under the geographical scope of the european solidarity corps should continue to be supported under the programme established by regulation no 1288 / 2013 of the european parliament and of the council establishing ' erasmus + ' : the union programme for education , training , youth and sport20 . with respect to the interpretation of related legislation at union level , both the cross - border volunteering placements under the european solidarity corps and the volunteering activities that continue to be supported under regulation no 1288 / 2013 should be considered equivalent to those carried out under the european voluntary service . __________________ 20 regulation no 1288 / 2013 of the european parliament and of the council of 11 december 2013 establishing ' erasmus + ' : the union programme for education , training , youth and sport and repealing decisions no 1719 / 2006 / ec , no 1720 / 2006 / ec and no 1298 / 2008 / ec , oj l 347 , 20 . 12 . 2013 , p . 50 . ### voluntary activities constitute a rich experience in a non - formal and informal learning context which enhances young people ' s personal , socio - educational and professional development , active citizenship and potentially employability . voluntary activities should not have an adverse effect on potential or existing paid employment , nor should they be seen as a substitute for it . in the light of this , traineeships and jobs should not be included in the scope of this regulation . in order to ensure continuity with respect to the volunteering activities that are supported at union level , the volunteering activities under the european voluntary service should be included within the scope of the european voluntary service + in the form of cross - border volunteering placements . the other volunteering activities under the european voluntary service + should be supported under the programme ' erasmus + ' . with respect to the interpretation of related legislation at union level , both the cross - border volunteering placements under the european voluntary service + and the volunteering activities that continue to be supported under regulation no 1288 / 2013should be considered equivalent to those carried out under the european voluntary service .


### young people’s spirit of initiative is an important asset for society and for the labour market . the european solidarity corps should contribute to fostering this aspect by offering young people the opportunity to devise and implement their own projects aimed at addressing specific challenges to the benefit of their local communities . those projects should be an opportunity to try out ideas and support young people to be themselves drivers of solidarity actions . they could also serve as a springboard for further engagement in solidarity activities and could be a first step towards encouraging european solidarity corps participants to engage in self - employment or setting up associations , ngos or other bodies active in the solidarity , non - profit and youth sectors . ### young people’s spirit of initiative is an important asset for society and for the labour market . the european voluntary service + could be an opportunity for young people to devise and implement their own projects aimed at addressing specific challenges to the benefit of their local communities . those projects should be an opportunity to try out ideas and support young people to be themselves drivers of solidarity actions . they could also serve as a springboard for further engagement in solidarity activities and could be a first step towards encouraging european voluntary service + participants to engage in self - employment or setting up associations , ngos or other bodies active in the solidarity , non - profit and youth sectors .


### effective performance management , including monitoring and evaluation , requires the development of specific , measurable and realistic indicators which can be measured over time and which reflect the logic of the intervention . ### effective performance management , including monitoring and evaluation , requires the prompt development of specific , measurable and realistic indicators which can be measured over time and which reflect the logic of the intervention .


### in compliance with regulation no 966 / 2012 of the european parliament and of the council on the financial rules applicable to the general budget of the european union26 , the commission should adopt work programmes and inform the european parliament and the council thereof . the work programme should set out the measures needed for their implementation in line with the general and specific objectives of the european solidarity corps , the selection and award criteria for grants , as well as all other elements required . work programmes and any amendments to them should be adopted by implementing acts in accordance with the examination procedure . __________________ 26 regulation no 966 / 2012 of the european parliament and of the council of 25 october 2012 on the financial rules applicable to the general budget of the union and repealing council regulation no 1605 / 2002 , oj l 298 , 26 . 10 . 2012 , p . 1 . ### in compliance with regulation no 966 / 2012of the european parliament and of the council on the financial rules applicable to the general budget of the european union26 , the commission should adopt work programmes and inform the european parliament and the council thereof . the work programme should set out the measures needed for their implementation in line with the general and specific objectives of the european voluntary service + , the selection and award criteria for grants , as well as all other elements required . work programmes and any amendments to them should be adopted by implementing acts in accordance with the examination procedure . __________________ 26 regulation no 966 / 2012 of the european parliament and of the council of 25 october 2012 on the financial rules applicable to the general budget of the union and repealing council regulation no 1605 / 2002 , oj l 298 , 26 . 10 . 2012 , p . 1 .


### “solidarity project” means a local initiative for a period from two to twelve months , which is set up and carried out by groups of at least five european solidarity corps participants , with a view to addressing key challenges within their local community while linking them to a broader european perspective ; ### “solidarity project” means a local initiative for a period up to twelve months , which is set up and carried out by groups of at least five european voluntary service + participants , with a view to addressing clearly defined key challenges within their local community while linking them to a broader european perspective ;


### ' european solidarity corps portal ' means a web - based tool that provides relevant online services to the european solidarity corps participants and participating organisations , including providing information about the european solidarity corps , registering participants , searching for participants for placements , advertising and searching for placements , searching for potential project partners , managing contacts and offers for placements and projects , training , communication and networking activities , informing and notifying about opportunities , as well as other relevant developments related to the european solidarity corps . ### ' european voluntary service + portal ' means a web - based tool that provides relevant online services to the european voluntary service + participants and participating organisations , including providing information about the european voluntary service + , registering participants , searching for participants for placements , advertising and searching for placements , searching for potential project partners , managing contacts and offers for placements and projects , training , communication and networking activities , feedback from participants , informing and notifying about opportunities , as well as other relevant developments related to the european voluntary service + ;


### the financial allocation may also cover expenses pertaining to preparatory , monitoring , control , audit and evaluation activities which are required for the management of the european solidarity corps and the achievement of its objectives , in particular , studies , meetings of experts and information and communication actions , expenses linked to the establishment , maintenance and updating of the european solidarity corps portal and the necessary it support systems , and all other technical and administrative assistance expenses incurred by the commission for the management of the european solidarity corps . ### the financial allocation shall also cover expenses pertaining to preparatory , monitoring , control , audit and evaluation activities which are required for the management of the european voluntary service + and the achievement of its objectives , in particular , studies , meetings of experts and information and communication actions , expenses linked to the establishment , maintenance and updating of the european voluntary service + portal and the necessary it support systems , and all other technical and administrative assistance expenses incurred by the commission for the management of the european voluntary service + .


### when implementing this regulation , the commission and the participating countries shall ensure that particular efforts are made to promote social inclusion , in particular for the participation of disadvantaged young people . ### when implementing this regulation , the commission and the participating countries shall ensure that specific and effective measures are taken to promote and guarantee social inclusion and equal access conditions , in particular for the participation of disadvantaged young people . such specific measures shall take into account and be based on the measures and best practices developed under the current programme erasmus + .


### at the latest six months after the entry into force of this regulation , the commission shall establish a detailed programme for monitoring the outputs , results and impacts of this regulation . ### at the latest one month after the entry into force of this regulation , the commission shall establish a detailed programme for monitoring the outputs , results and impacts of this regulation . the commission shall take into account the monitoring and evaluation criteria used in the programme erasmus + .


### a maximum of eur 3 000 000 in current prices from the sub - programme for environment corresponding to the priority area environment governance and information and of eur 1 500 000 in current prices from the sub - programme for climate action corresponding to the priority area climate governance and information shall be allocated to finance projects within the meaning of article 17 implemented by the european solidarity corps in accordance with regulation 2017 / xxx , which contribute to one or more of the priority areas within the meaning of articles 9 and 13 . this allocation shall be implemented solely in accordance with the regulation 2017 / xxx , to the exclusion of the specific requirements of regulation no 1293 / 2013 . ### a maximum of eur 3 000 000 in current prices from the sub - programme for environment corresponding to the priority area environment governance and information and of eur 1 500 000 in current prices from the sub - programme for climate action corresponding to the priority area climate governance and information shall be allocated to finance projects within the meaning of article 17 implemented by the european voluntary service + in accordance with regulation 2017 / xxx , which contribute to one or more of the priority areas within the meaning of articles 9 and 13 . this allocation shall be implemented solely in accordance with the regulation 2017 / xxx , to the exclusion of the specific requirements of regulation no 1293 / 2013 .


### actions financed pursuant to regulation 2017 / xxx on the european solidarity corps in order to enhance the personal , educational , social , civic and professional development of young people , as well as their employability and facilitating transition into the labour market . ### actions financed pursuant to regulation 2017 / xxx on the european voluntary service + in order to enhance the personal , educational , social , civic and professional development of young people , as well as their employability and facilitating transition into the labour market .


### eur 35 000 000 in current prices of the amount allocated to technical assistance at the initiative of the commission shall be allocated to the european solidarity corps to support its actions , in accordance with point of article 9 of regulation 2017 / xxx . the allocation shall be implemented solely in accordance with the regulation 2017 / xxx , to the exclusion of the specific requirements of fund - specific regulations . ### eur 35 000 000 in current prices of the amount allocated to technical assistance at the initiative of the commission shall be allocated to the european voluntary service + to support its actions , in accordance with point of article 9 of regulation 2017 / xxx . the allocation shall be implemented solely in accordance with the regulation 2017 / xxx , to the exclusion of the specific requirements of fund - specific regulations .